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BELDEKOR

Active
Private limited companyfounded 20224 yrs activeMarktstraat 45, 8530 Harelbeke, BelgiumKBO/BCE: BE 0785.877.667
Summary

BELDEKOR has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €313,839 and a net result of €181,918. Its solvency ranks better than 39% of 231 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability96▼-4
Solvency63▲+15
Growth52
Track record94
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.17 in 2023; short-term debt: 60.2% and cash: 8.1% of total assets), and 62.4% of the assets are financed with debt.
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Signals

Three 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 13
Relative position
BE, all sectors
reference
Manufacture of textiles (NACE 13)
about 62% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
7 d early
2023
14 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

BELDEKOR was incorporated on 10 May 2022 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€313,839▲ 24.6%
2023 · €251,921
Total assets
€834,672▼ 25.3%
2023 · €1.1m
Net result
€181,918▼ 49.3%
2023 · €358,796
Working capital
€210,980▲ 50.9%
2023 · €139,774
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 13, Manufacture of textiles, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€377,654-€239,782▼ 36.5%
Net result€358,796above the sector's middle half-€181,918within the sector's middle half▼ 49.3%
Equity€251,921within the sector's middle half-€313,839within the sector's middle half▲ 24.6%
Total assets€1.1mwithin the sector's middle half-€834,672within the sector's middle half▼ 25.3%
Debt€865,640-€520,832▼ 39.8%
Working capital€139,774-€210,980▲ 50.9%
Solvency22.5%below the sector's middle half-37.6%within the sector's middle half▲ 15.1pp
Staff (FTE)3.9within the sector's middle half-2.7within the sector's middle half▼ 30.8%
above within below the middle half (P25 to P75) of NACE 13, Manufacture of textiles, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€100,000€200,000€300,000€400,000Operating result 2023: €377,654€377,654Net result 2023: €358,796€358,796Operating result 2024: €239,782€239,782Net result 2024: €181,918€181,91820232024€0€100,000€200,000€300,000€400,000Operating result 2023: €377,654€378,000Net result 2023: €358,796€359,000Operating result 2024: €239,782€240,000Net result 2024: €181,918€182,00020232024
The operating result falls in 2024; 2024 is 37% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €834,672
Fixed assets €120,880 ▼ 15.1%
Current assets €713,792 ▼ 26.8%
Equity and liabilities €834,672
Equity €313,839 ▲ 24.6%
Debt €520,832 ▼ 39.8%
Debt's share of the balance-sheet total falls from 77.5% to 62.4%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€269,428▼
2023 · €409,185
Cash flow
€211,564▼
2023 · €390,327
Current ratio
1.42▲
2023 · 1.17
Quick ratio
0.28▼
2023 · 0.40
Debt to equity
1.66▼
2023 · 3.44
ROE
58.0%▼
2023 · 142.4%
ROA
21.8%▼
2023 · 32.1%
Interest coverage
14.68▼
2023 · 26.27
Debt ≤ 1 year
€502,812▼
2023 · €835,371
Debt > 1 year
€18,021▼
2023 · €28,855
Income taxes
€23,286▲
2023 · €20,965
Staff costs
€115,474▼
2023 · €181,566
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 39,275 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 64 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.1m€834,672▼
Fixed assets21/28€142,417€120,880▼
Intangible fixed assets21€2,911€2,211▼
Tangible fixed assets22/27€112,939€118,669▲
Land and buildings22€18,867€16,345▼
Plant, machinery and equipment23€33,234€30,005▼
Furniture and vehicles24€30,831€26,027▼
Leasing and similar rights25€30,007€23,780▼
Other tangible fixed assets26-€22,511
Financial fixed assets28€26,567€0▼
Current assets29/58€975,144€713,792▼
Stocks and contracts in progress3€640,000€570,500▼
Stocks30/36€640,000€570,500▼
Amounts receivable within one year40/41€210,175€64,055▼
Trade receivables40€155,971€60,800▼
Other amounts receivable41€54,204€3,255▼
Current investments50/53€6,345€6,345=
Cash at bank and in hand54/58€114,449€67,544▼
Deferred charges and accrued income490/1€4,176€5,348▲
Equity and liabilities
Total equity and liabilities10/49€1.1m€834,672▼
Equity10/15€251,921€313,839▲
Contributions10/11€59,790€59,790=
Reserves13€133,851€195,770▲
Non-distributable reserves130/1€6,429€6,429=
Reserves not available under the articles1311€6,429€6,429=
Tax-exempt reserves132€2,231€2,231=
Distributable reserves133€125,191€187,109▲
Profit (loss) carried forward14€58,279€58,279=
Amounts payable17/49€865,640€520,832▼
Amounts payable after more than one year17€28,855€18,021▼
Financial debts170/4€28,855€18,021▼
Amounts payable within one year42/48€835,371€502,812▼
Current portion of amounts payable after more than one year42€10,955€11,322▲
Financial debts43€355,265€0▼
Credit institutions430/8€355,265€0▼
Trade debts44€122,251€27,685▼
Suppliers440/4€122,251€27,685▼
Taxes, remuneration and social security45€26,469€24,392▼
Taxes450/3€20,858€15,288▼
Remuneration and social security454/9€5,611€9,104▲
Other amounts payable47/48€320,430€439,413▲
Accrued charges and deferred income492/3€1,415€0▼
Income statement Code20232024
Non-recurring operating income76A€554€0▼
Remuneration, social security and pensions62€181,566€115,474▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31,531€29,646▼
Other operating charges640/8€3,442€5,698▲
Gross operating margin9900€594,193€390,600▼
Operating profit (loss)9901€377,654€239,782▼
Financial income75/76B€17,682€10,348▼
Recurring financial income75€17,682€10,348▼
Financial charges65/66B€15,575€44,926▲
Recurring financial charges65€15,575€18,359▲
Non-recurring financial charges66B-€26,567
Profit (loss) for the period before taxes9903€379,761€205,204▼
Income taxes67/77€20,965€23,286▲
Profit (loss) for the period9904€358,796€181,918▼
Profit (loss) for the period to be appropriated9905€358,796€181,918▼
Appropriation of the result
Profit (loss) to be appropriated9906€417,075€240,198▼
Profit (loss) brought forward from the previous period14P€58,279€58,279=
Transfer to equity691/2€58,796€61,918▲
To other reserves6921€58,796€61,918▲
Profit to be distributed694/7€300,000€120,000▼
Directors or managers695€300,000€120,000▼
Social balance
Average headcount (FTE)90873.92.7▼

The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Non-recurring operating income76A€554€0▼ 100%
Remuneration, social security and pensions62€181,566€115,474▼ 36.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31,531€29,646▼ 6.0%
Other operating charges640/8€3,442€5,698▲ 65.5%
Gross operating margin9900€594,193€390,600▼ 34.3%
Operating profit (loss)9901€377,654€239,782▼ 36.5%
Financial income75/76B€17,682€10,348▼ 41.5%
Recurring financial income75€17,682€10,348▼ 41.5%
Financial charges65/66B€15,575€44,926▲ 188%
Recurring financial charges65€15,575€18,359▲ 17.9%
Non-recurring financial charges66B-€26,567-
Profit (loss) for the period before taxes9903€379,761€205,204▼ 46.0%
Income taxes67/77€20,965€23,286▲ 11.1%
Profit (loss) for the period9904€358,796€181,918▼ 49.3%
Profit (loss) for the period to be appropriated9905€358,796€181,918▼ 49.3%
Line20232024Change
Assets
Total assets20/58€1.1m€834,672▼ 25.3%
Fixed assets21/28€142,417€120,880▼ 15.1%
Intangible fixed assets21€2,911€2,211▼ 24.0%
Tangible fixed assets22/27€112,939€118,669▲ 5.1%
Land and buildings22€18,867€16,345▼ 13.4%
Plant, machinery and equipment23€33,234€30,005▼ 9.7%
Furniture and vehicles24€30,831€26,027▼ 15.6%
Leasing and similar rights25€30,007€23,780▼ 20.8%
Other tangible fixed assets26-€22,511-
Financial fixed assets28€26,567€0▼ 100%
Current assets29/58€975,144€713,792▼ 26.8%
Stocks and contracts in progress3€640,000€570,500▼ 10.9%
Stocks30/36€640,000€570,500▼ 10.9%
Amounts receivable within one year40/41€210,175€64,055▼ 69.5%
Trade receivables40€155,971€60,800▼ 61.0%
Other amounts receivable41€54,204€3,255▼ 94.0%
Current investments50/53€6,345€6,345=
Cash at bank and in hand54/58€114,449€67,544▼ 41.0%
Deferred charges and accrued income490/1€4,176€5,348▲ 28.1%
Equity and liabilities
Total equity and liabilities10/49€1.1m€834,672▼ 25.3%
Equity10/15€251,921€313,839▲ 24.6%
Contributions10/11€59,790€59,790=
Reserves13€133,851€195,770▲ 46.3%
Non-distributable reserves130/1€6,429€6,429=
Reserves not available under the articles1311€6,429€6,429=
Tax-exempt reserves132€2,231€2,231=
Distributable reserves133€125,191€187,109▲ 49.5%
Profit (loss) carried forward14€58,279€58,279=
Amounts payable17/49€865,640€520,832▼ 39.8%
Amounts payable after more than one year17€28,855€18,021▼ 37.5%
Financial debts170/4€28,855€18,021▼ 37.5%
Amounts payable within one year42/48€835,371€502,812▼ 39.8%
Current portion of amounts payable after more than one year42€10,955€11,322▲ 3.3%
Financial debts43€355,265€0▼ 100%
Credit institutions430/8€355,265€0▼ 100%
Trade debts44€122,251€27,685▼ 77.4%
Suppliers440/4€122,251€27,685▼ 77.4%
Taxes, remuneration and social security45€26,469€24,392▼ 7.8%
Taxes450/3€20,858€15,288▼ 26.7%
Remuneration and social security454/9€5,611€9,104▲ 62.2%
Other amounts payable47/48€320,430€439,413▲ 37.1%
Accrued charges and deferred income492/3€1,415€0▼ 100%
Line20232024Change
Profit (loss) for the period9904€358,796€181,918▼ 49.3%
+ Depreciation and write-downs630€31,531€29,646▼ 6.0%
Operating cash flow (approximation)€390,327€211,564▼ 45.8%
Investment in fixed assets (approximation)--€8,109-
Change in cash--€46,905-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
24-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 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, Harelbeke · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
264 m²
Building footprint
257 m²
Volume, LiDAR
1,927 m³
Parcel 34013A0636/00D000, Flanders · tallest building 15.8 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
BELDEKOR
Marktstraat 45, 8530 HarelbekeManufacture of textiles
since 20222.333.376.174
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34013A0636/00D000 Flanders 264 m² 1 · 257 m² 15.8 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.

Structure & network

Owners and holdings

1 owner · 1 holding

Owners 1

Holdings 1

According to the 2023 annual accounts of BELDEKOR and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 226 companies in sector 13921 we hold annual accounts for 67. 49 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
Founded10-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
13921Manufacture of textiles
13929Manufacture of textiles
47530Retail trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:0785877667
Also 9925:BE0785877667
Registered 19-12-2023

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.