BELCONEX
ActiveSummary
BELCONEX has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €126,593 and a net result of -€2,122. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 81% of 17239 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▲+7
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.77 against 0.51 in 2024; short-term debt: 15% and cash: 5.4% of total assets), and 15% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2,122
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 21-05-2026, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
40 d early
2024
33 d early
2023
31 d early
2022
39 d early
2021
34 d early
2020
37 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today. Usually files around 27 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today30-11-2026 close30-06-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€126,593▼ 1.6%
2024 · €128,715
Total assets
€148,899▼ 8.3%
2024 · €162,384
Net result
-€2,122▲ 81.3%
2024 · -€11,333
Working capital
-€5,116▲ 68.9%
2024 · -€16,478
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2,561▲ 90.5%-€8,208▼ 220%-€8,373▼ 2.0%-€11,154▼ 33.2%-€1,930▲ 82.7%
Net result-€2,764below the sector's middle half▲ 90.1%-€9,597below the sector's middle half▼ 247%-€8,491below the sector's middle half▲ 11.5%-€11,333below the sector's middle half▼ 33.5%-€2,122below the sector's middle half▲ 81.3%
Equity€158,136within the sector's middle half▼ 1.7%€148,539within the sector's middle half▼ 6.1%€140,048within the sector's middle half▼ 5.7%€128,715within the sector's middle half▼ 8.1%€126,593within the sector's middle half▼ 1.6%
Total assets€190,419within the sector's middle half▼ 12.5%€177,616within the sector's middle half▼ 6.7%€182,020within the sector's middle half▲ 2.5%€162,384within the sector's middle half▼ 10.8%€148,899within the sector's middle half▼ 8.3%
Debt€32,283▼ 43.0%€29,077▼ 9.9%€41,972▲ 44.3%€33,669▼ 19.8%€22,306▼ 33.7%
Working capital-€22,567below the sector's middle half-€19,914below the sector's middle half▲ 11.8%-€16,238below the sector's middle half▲ 18.5%-€16,478below the sector's middle half▼ 1.5%-€5,116below the sector's middle half▲ 68.9%
Solvency83.0%above the sector's middle half▲ 9.1pp83.6%above the sector's middle half▲ 0.6pp76.9%within the sector's middle half▼ 6.7pp79.3%within the sector's middle half▲ 2.3pp85.0%above the sector's middle half▲ 5.8pp
Current ratio0.29below the sector's middle half▼ 5.080.32below the sector's middle half▲ 0.030.61below the sector's middle half▲ 0.300.51below the sector's middle half▼ 0.100.77below the sector's middle half▲ 0.26
Return on assets (ROA)-1.5%below the sector's middle half▲ 11.3pp-5.4%below the sector's middle half▼ 4.0pp-4.7%below the sector's middle half▲ 0.7pp-7.0%below the sector's middle half▼ 2.3pp-1.4%below the sector's middle half▲ 5.6pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,930 in 2025 against €11,154 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €148,899
Fixed assets
€131,709 ▼ 9.3%
Current assets
€17,189 =
Equity and liabilities €148,899
Equity
€126,593 ▼ 1.6%
Debt
€22,306 ▼ 33.7%
Debt's share of the balance-sheet total falls from 20.7% to 15.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11,553▲
2024 · €1,892
Cash flow
€11,361▲
2024 · €1,713
Quick ratio
0.70▲
2024 · 0.47
Debt to equity
0.18▼
2024 · 0.26
ROE
-1.7%▲
2024 · -8.8%
Interest coverage
147.84▲
2024 · 29.04
Debt ≤ 1 year
€22,306▼
2024 · €33,669
Income taxes
€146▼
2024 · €156
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,904 | €12,602 | €12,738 | €13,046 | €13,483 | ▲ 3.4% |
| Other operating charges640/8 | €2,143 | €1,875 | €2,057 | €2,131 | €2,199 | ▲ 3.2% |
| Gross operating margin9900 | €12,486 | €6,270 | €6,421 | €4,023 | €13,752 | ▲ 242% |
| Operating profit (loss)9901 | -€2,561 | -€8,208 | -€8,373 | -€11,154 | -€1,930 | ▲ 82.7% |
| Financial income75/76B | €13 | €21 | €63 | €42 | €32 | ▼ 24.6% |
| Recurring financial income75 | €13 | €21 | €63 | €42 | €32 | ▼ 24.6% |
| Financial charges65/66B | €68 | €1,279 | €49 | €65 | €78 | ▲ 20.0% |
| Recurring financial charges65 | €68 | €52 | €49 | €65 | €78 | ▲ 20.0% |
| Non-recurring financial charges66B | - | €1,227 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€2,616 | -€9,465 | -€8,360 | -€11,177 | -€1,976 | ▲ 82.3% |
| Income taxes67/77 | €148 | €132 | €132 | €156 | €146 | ▼ 6.6% |
| Profit (loss) for the period9904 | -€2,764 | -€9,597 | -€8,491 | -€11,333 | -€2,122 | ▲ 81.3% |
| Profit (loss) for the period to be appropriated9905 | -€2,764 | -€9,597 | -€8,491 | -€11,333 | -€2,122 | ▲ 81.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €190,419 | €177,616 | €182,020 | €162,384 | €148,899 | ▼ 8.3% |
| Fixed assets21/28 | €181,403 | €168,453 | €156,285 | €145,193 | €131,709 | ▼ 9.3% |
| Tangible fixed assets22/27 | €181,403 | €168,453 | €156,285 | €145,193 | €131,709 | ▼ 9.3% |
| Land and buildings22 | €154,797 | €144,080 | €133,363 | €122,645 | €111,928 | ▼ 8.7% |
| Plant, machinery and equipment23 | €9,178 | €6,445 | €6,211 | €7,053 | €5,504 | ▼ 22.0% |
| Furniture and vehicles24 | - | €1,418 | €1,118 | €818 | €518 | ▼ 36.6% |
| Other tangible fixed assets26 | €17,427 | €16,510 | €15,593 | €14,676 | €13,759 | ▼ 6.2% |
| Current assets29/58 | €9,016 | €9,163 | €25,735 | €17,191 | €17,189 | = |
| Stocks and contracts in progress3 | €412 | €498 | €785 | €1,447 | €1,525 | ▲ 5.4% |
| Stocks30/36 | €412 | €498 | €785 | €1,447 | €1,525 | ▲ 5.4% |
| Amounts receivable within one year40/41 | €1,684 | €4,009 | €9,021 | €9,653 | €6,770 | ▼ 29.9% |
| Trade receivables40 | €1,684 | €4,009 | €4,390 | €5,022 | €3,338 | ▼ 33.5% |
| Other amounts receivable41 | - | - | €4,631 | €4,631 | €3,431 | ▼ 25.9% |
| Cash at bank and in hand54/58 | €6,920 | €4,656 | €15,929 | €6,091 | €8,059 | ▲ 32.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €836 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €190,419 | €177,616 | €182,020 | €162,384 | €148,899 | ▼ 8.3% |
| Equity10/15 | €158,136 | €148,539 | €140,048 | €128,715 | €126,593 | ▼ 1.6% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €109,999 | €109,999 | €109,999 | €109,999 | €109,999 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €108,140 | €108,140 | €108,140 | €108,140 | €108,140 | = |
| Profit (loss) carried forward14 | €29,545 | €19,948 | €11,457 | €124 | -€1,998 | ▼ 1,711% |
| Amounts payable17/49 | €32,283 | €29,077 | €41,972 | €33,669 | €22,306 | ▼ 33.7% |
| Amounts payable within one year42/48 | €31,583 | €29,077 | €41,972 | €33,669 | €22,306 | ▼ 33.7% |
| Trade debts44 | €772 | €2,555 | €3,262 | €4,106 | €615 | ▼ 85.0% |
| Suppliers440/4 | €772 | €2,555 | €3,262 | €4,106 | €615 | ▼ 85.0% |
| Taxes, remuneration and social security45 | €3,223 | €803 | €12,937 | €9,290 | €1,411 | ▼ 84.8% |
| Taxes450/3 | €823 | €803 | €787 | €1,540 | €1,411 | ▼ 8.4% |
| Remuneration and social security454/9 | €2,400 | - | €12,150 | €7,750 | - | - |
| Other amounts payable47/48 | €27,588 | €25,719 | €25,773 | €20,273 | €20,280 | = |
| Accrued charges and deferred income492/3 | €700 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,764 | -€9,597 | -€8,491 | -€11,333 | -€2,122 | ▲ 81.3% |
| + Depreciation and write-downs630 | €12,904 | €12,602 | €12,738 | €13,046 | €13,483 | ▲ 3.4% |
| Operating cash flow (approximation) | €10,140 | €3,005 | €4,247 | €1,713 | €11,361 | ▲ 563% |
| Investment in fixed assets (approximation) | - | €347 | -€570 | -€1,953 | €0 | ▲ 100% |
| Change in cash | - | -€2,263 | €11,273 | -€9,838 | €1,967 | ▲ 120% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-11
Financial
Weakest financial yearnet -€27,794
Net result drops to -€27,794, the lowest in the series; recovery starts the following year.
18-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2001
Ground area
423 m²
Building footprint
79 m²
Volume, LiDAR
546 m³
Parcel 23772C0235/00P007, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ter Merenlaan 9, 1930 Zaventem
since 20012.089.811.352
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23772C0235/00P007 | Flanders | 423 m² | 1 · 79 m² | 11.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,996 companies in sector 62200 we hold annual accounts for 18,397. 15,452 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded10-12-1998
Fiscal year end30-11
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
47400Retail sale of information and communication equipment
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464816080
Also
9925:BE0464816080
Registered
22-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.