Belconfect
ActiveBelconfect has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.21M and a net result of €192k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 68% of 39 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▼-31
Solvency82▲+1
Growth49▼-18
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €370k at 30 days acceptable
Liquidity ample (current ratio 4.5 against 2.11 in 2024; short-term debt: 20.7% and cash: 6.6% of total assets), and 43.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
56.7%
Return on assets
2.1%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 14
Relative position
BE, all sectors
reference
Sector 14
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
58 d early
2023
50 d early
2022
31 d early
2021
5 d early
2020
24 d early
2019
16 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€18.25M▲ 1.2%
2024 · €18.04M
2021: €16.30M
2022: €14.39M
2023: €18.81M
2024: €18.04M
2021 → 2025
EBIT margin
2.0%▼ 8.1pp
2024 · 10.1%
2021: 1.7%
2022: 0.6%
2023: 11.9%
2024: 10.1%
2021 → 2025
Net result
€192k▼ 84.7%
2024 · €1.25M
2019: €417k
2020: €667k
2021: €150k
2022: €19k
2023: €1.76M
2024: €1.25M
2019 → 2025
Working capital
€6.64M▲ 54.4%
2024 · €4.30M
2019: €2.49M
2020: €2.78M
2021: €2.63M
2022: €2.45M
2023: €3.41M
2024: €4.30M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€16.30M-€14.39M▼ 11.7%€18.81M▲ 30.7%€18.04M▼ 4.1%€18.25M▲ 1.2%
Equity€2.80M-€2.81M▲ 0.3%€3.77M▲ 34.1%€5.02M▲ 33.2%€5.21M▲ 3.8%
Operating result€284k-€92k▼ 67.6%€2.24M▲ 2,338%€1.82M▼ 18.6%€361k▼ 80.2%
Net result€150k-€19k▼ 87.4%€1.76M▲ 9,251%€1.25M▼ 29.0%€192k▼ 84.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 80% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.19M
Fixed assets
€651k▼ 14.2%
Current assets
€8.54M▲ 4.6%
Equity and liabilities €9.19M
Equity
€5.21M▲ 3.8%
Debt
€3.98M▲ 1.9%
The debt ratio falls from 43.7% to 43.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€511k▼
2024 · €1.96M
Cash flow
€342k▼
2024 · €1.38M
Solvency
56.7%▲
2024 · 56.3%
Current ratio
4.50▲
2024 · 2.11
Quick ratio
2.20▲
2024 · 0.79
Debt / equity
0.76▼
2024 · 0.78
ROE
3.7%▼
2024 · 24.9%
ROA
2.1%▼
2024 · 14.0%
Interest coverage
4.21▼
2024 · 15.44
Debt
€3.98M▲
2024 · €3.90M
Debt ≤ 1 year
€1.90M▼
2024 · €3.86M
Debt > 1 year
€1.89M▲
2024 · €0
Income taxes
€96k▼
2024 · €478k
Staff costs
€2.21M▲
2024 · €2.18M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€8.92M€9.19M▲
Fixed assets21/28€759k€651k▼
Intangible fixed assets21€310k€283k▼
Tangible fixed assets22/27€449k€369k▼
Land and buildings22€0-
Plant, machinery and equipment23€121k€91k▼
Furniture and vehicles24€69k€58k▼
Other tangible fixed assets26€259k€220k▼
Current assets29/58€8.16M€8.54M▲
Stocks and contracts in progress3€5.10M€4.36M▼
Stocks30/36€5.10M€4.36M▼
Raw materials and consumables30/31€878k€703k▼
Work in progress32€328k€453k▲
Finished goods33€1.24M€920k▼
Goods purchased for resale34€2.66M€2.28M▼
Amounts receivable within one year40/41€2.33M€3.50M▲
Trade receivables40€2.33M€2.94M▲
Other amounts receivable41€0€557k▲
Cash at bank and in hand54/58€536k€602k▲
Deferred charges and accrued income490/1€193k€77k▼
Equity and liabilities
Total equity and liabilities10/49€8.92M€9.19M▲
Equity10/15€5.02M€5.21M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€4.96M€5.15M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€4.95M€5.14M▲
Amounts payable17/49€3.90M€3.98M▲
Amounts payable after more than one year17€0€1.89M▲
Financial debts170/4€0€1.89M▲
Credit institutions173€0-
Other loans174-€1.89M
Other amounts payable178/9€0-
Amounts payable within one year42/48€3.86M€1.90M▼
Current portion of amounts payable after more than one year42€3k€0▼
Financial debts43€1.75M€0▼
Credit institutions430/8€1.75M€0▼
Trade debts44€1.05M€906k▼
Suppliers440/4€1.05M€906k▼
Advances received on contracts in progress46€131k€146k▲
Taxes, remuneration and social security45€903k€846k▼
Taxes450/3€662k€620k▼
Remuneration and social security454/9€241k€226k▼
Other amounts payable47/48€17k€0▼
Accrued charges and deferred income492/3€38k€188k▲
Income statement
Code20242025
Operating income70/76A€18.08M€18.14M▲
Turnover70€18.04M€18.25M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-46k€-192k▼
Other operating income74€86k€77k▼
Non-recurring operating income76A€4k€6k▲
Operating charges60/66A€16.26M€17.78M▲
Goods for resale, raw materials and consumables60€11.30M€12.13M▲
Purchases600/8€10.98M€11.95M▲
Change in stocks: decrease (increase)609€316k€182k▼
Services and other goods61€2.57M€2.86M▲
Remuneration, social security and pensions62€2.18M€2.21M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€132k€150k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-17€388k▲
Other operating charges640/8€48k€39k▼
Non-recurring operating charges66A€23k€0▼
Operating profit (loss)9901€1.82M€361k▼
Financial income75/76B€123k€137k▲
Recurring financial income75€123k€137k▲
Income from current assets751€234€2k▲
Other financial income752/9€123k€135k▲
Financial charges65/66B€216k€210k▼
Recurring financial charges65€216k€210k▼
Debt charges650€127k€121k▼
Other financial charges652/9€90k€89k▼
Profit (loss) for the period before taxes9903€1.73M€288k▼
Transfer from deferred taxes780€0-
Income taxes67/77€478k€96k▼
Taxes670/3€478k€96k▼
Profit (loss) for the period9904€1.25M€192k▼
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€1.25M€192k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.25M€192k▼
Transfer to equity691/2€1.25M€192k▼
To other reserves6921€1.25M€192k▼
Profit to be distributed694/7€0-
Directors or managers695€0-
Social balance
Average headcount (FTE)908730.729.0▼
The notes to these accounts (74 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity doublescurrent ratio 4.50
Current ratio from 2.11 to 4.50; short-term debt falls from €3.86M to €1.90M.
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €5MEq €5.02M ▲33.2%
6 profitable years in a row build equity to €5.02M.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2019net €1.76M ▲9251%
Operating result €2.24M, net result €1.76M, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €19k ▼87.4%
Net result drops to €19k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
07-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mouscron · 1 establishment unit since 1982
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jacquetboslaan(D) 97711 MouscronGround area
9,076 m²
Building footprint
3,614 m²
Parcel 54003T0536/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Bel-Confect
since 19822.021.093.285
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54003T0536/00D000 | Wallonia | 9,076 m² | 1 · 3,614 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Federal government
2024 · 1 entry · 10,650 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2024 | FOD Kanselarij | 1 | 10,650 EUR |
Budget allocations
Toelagen aan ondernemingen
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Of 51 companies in sector 14230 we hold annual accounts for 32. 15 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-07-1982
Fiscal year end31-12
Activities, NACEBEL
14230Manufacture of wearing apparel
32990Other manufacturing not elsewhere classified
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.