BELCORPS
ActiveSummary
The computed 12-month bankruptcy probability of BELCORPS is 3.1% (moderate). The 2025 annual accounts show equity of €2,585 and a net result of €4,726. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 51% of 18458 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency60▲+59
Growth78=
Track record94
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 26-06-2026, 35 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
35 d early
2024
66 d early
2023
5 d early
2022
156 d late
2021
78 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 26 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2,585
2024 · -€2,141
Total assets
€7,367▼ 16.2%
2024 · €8,795
Net result
€4,726▲ 33.0%
2024 · €3,553
Working capital
€1,176
2024 · -€3,432
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€4,434--€1,384▲ 68.8%-€1,167▲ 15.7%€3,845€4,920▲ 28.0%
Net result-€4,548--€1,636▲ 64.0%-€1,509▲ 7.7%€3,553€4,726▲ 33.0%
Equity-€2,548--€4,184▼ 64.2%-€5,693▼ 36.1%-€2,141▲ 62.4%€2,585
Total assets€3,328-€5,619▲ 68.9%€7,330▲ 30.4%€8,795▲ 20.0%€7,367▼ 16.2%
Debt€5,876-€9,803▲ 66.8%€13,023▲ 32.8%€10,935▼ 16.0%€4,782▼ 56.3%
Working capital-€4,505--€6,243▼ 38.6%-€8,324▼ 33.3%-€3,432▲ 58.8%€1,176
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 28% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7,367
Fixed assets
€1,409 ▲ 9.1%
Current assets
€5,958 ▼ 20.6%
Equity and liabilities €7,367
Equity
€2,585
Debt
€4,782
Debt finances 64.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€5,592▲
2024 · €5,184
Cash flow
€5,398▲
2024 · €4,892
Current ratio
1.25▲
2024 · 0.69
Debt to equity
1.85▲
2024 · -5.11
ROE
182.8%
ROA
64.1%▲
2024 · 40.4%
Interest coverage
28.76▲
2024 · 17.73
Debt ≤ 1 year
€4,782▼
2024 · €10,935
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €472 | €1,252 | €1,628 | €1,339 | €672 | ▼ 49.8% |
| Other operating charges640/8 | - | - | €943 | - | €200 | - |
| Gross operating margin9900 | -€3,962 | -€132 | €1,404 | €5,184 | €5,792 | ▲ 11.7% |
| Operating profit (loss)9901 | -€4,434 | -€1,384 | -€1,167 | €3,845 | €4,920 | ▲ 28.0% |
| Financial charges65/66B | €114 | €251 | €342 | €292 | €194 | ▼ 33.5% |
| Recurring financial charges65 | €114 | €251 | €342 | €292 | €194 | ▼ 33.5% |
| Profit (loss) for the period before taxes9903 | -€4,548 | -€1,636 | -€1,509 | €3,553 | €4,726 | ▲ 33.0% |
| Profit (loss) for the period9904 | -€4,548 | -€1,636 | -€1,509 | €3,553 | €4,726 | ▲ 33.0% |
| Profit (loss) for the period to be appropriated9905 | -€4,548 | -€1,636 | -€1,509 | €3,553 | €4,726 | ▲ 33.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3,328 | €5,619 | €7,330 | €8,795 | €7,367 | ▼ 16.2% |
| Fixed assets21/28 | €1,956 | €2,059 | €2,631 | €1,291 | €1,409 | ▲ 9.1% |
| Tangible fixed assets22/27 | €1,956 | €2,059 | €2,631 | €1,291 | €1,409 | ▲ 9.1% |
| Furniture and vehicles24 | €1,956 | €2,059 | €2,631 | €1,291 | €1,409 | ▲ 9.1% |
| Current assets29/58 | €1,371 | €3,560 | €4,699 | €7,503 | €5,958 | ▼ 20.6% |
| Amounts receivable within one year40/41 | €508 | €2,296 | €3,240 | €1,531 | €5,700 | ▲ 272% |
| Trade receivables40 | €502 | €2,030 | €3,240 | €1,531 | €5,681 | ▲ 271% |
| Other amounts receivable41 | €6 | €266 | - | - | €19 | - |
| Cash at bank and in hand54/58 | €863 | €1,264 | €1,459 | €5,973 | €187 | ▼ 96.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €71 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3,328 | €5,619 | €7,330 | €8,795 | €7,367 | ▼ 16.2% |
| Equity10/15 | -€2,548 | -€4,184 | -€5,693 | -€2,141 | €2,585 | ▲ 221% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€4,548 | -€6,184 | -€7,693 | -€4,141 | €585 | ▲ 114% |
| Amounts payable17/49 | €5,876 | €9,803 | €13,023 | €10,935 | €4,782 | ▼ 56.3% |
| Amounts payable within one year42/48 | €5,876 | €9,803 | €13,023 | €10,935 | €4,782 | ▼ 56.3% |
| Trade debts44 | €485 | - | €2,915 | €713 | €3,375 | ▲ 373% |
| Suppliers440/4 | €485 | - | €2,915 | €713 | €3,375 | ▲ 373% |
| Taxes, remuneration and social security45 | - | - | €200 | €837 | €1,407 | ▲ 68.1% |
| Taxes450/3 | - | - | €200 | €837 | €1,407 | ▲ 68.1% |
| Other amounts payable47/48 | €5,391 | €9,803 | €9,908 | €9,385 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,548 | -€1,636 | -€1,509 | €3,553 | €4,726 | ▲ 33.0% |
| + Depreciation and write-downs630 | €472 | €1,252 | €1,628 | €1,339 | €672 | ▼ 49.8% |
| Operating cash flow (approximation) | -€4,077 | -€383 | €119 | €4,892 | €5,398 | ▲ 10.3% |
| Investment in fixed assets (approximation) | - | -€1,355 | -€2,200 | €0 | -€790 | - |
| Change in cash | - | €401 | €195 | €4,513 | -€5,786 | ▼ 228% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €4,726 ▲33%
Operating result €4,920, net result €4,726, both a record.
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €3,553
Net result €3,553 after 3 loss-making years.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
03-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 156 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Jans-Molenbeek · 1 establishment unit since 2020
Ground area
283 m²
Building footprint
139 m²
Volume, LiDAR
2,293 m³
Parcel 21524C0058/00C009, Brussels · tallest building 23.0 m, ±7 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
BELCORPS
since 20202.308.335.031
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0058/00C009 | Brussels | 283 m² | 1 · 139 m² | 23.0 m · 7 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 12,954 companies in sector 47120 we hold annual accounts for 2,190. 730 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
Founded01-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
Scores and ratios are computed by Checked and are not a credit decision.