BELDEN
ActiveSummary
BELDEN has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32,573 and a net result of €287,279. Equity is shrinking by ~33.1% per year across the filed fiscal years. Its solvency ranks better than 10% of 2356 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+17
Solvency29▼-1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.78 against 0.87 in 2024; short-term debt: 70.3% and cash: 2.8% of total assets), and 95.6% of the assets are financed with debt.
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Signals
Five 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 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% 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
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
4.4%
Return on assets
38.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 2356 sector peers (2025).
NBB · sector comparisonPosition among 2356 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
92 d late
2023
16 d late
2022
20 d early
2021
11 d early
2020
108 d early
2019
106 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 18 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€32,573▲ 0.9%
2024 · €32,293
Total assets
€737,661▲ 17.1%
2024 · €630,028
Net result
€287,279▲ 302%
2024 · €71,468
Working capital
-€114,002▼ 151%
2024 · -€45,480
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€69,415▼ 75.0%€142,822▲ 106%€168,585▲ 18.0%€113,164▼ 32.9%€402,181▲ 255%
Net result€40,149▼ 80.9%€94,482▲ 135%€108,557▲ 14.9%€71,468▼ 34.2%€287,279▲ 302%
Equity€82,483▼ 86.0%€42,965▼ 47.9%€33,826▼ 21.3%€32,293▼ 4.5%€32,573▲ 0.9%
Total assets€763,484▼ 31.0%€500,973▼ 34.4%€585,131▲ 16.8%€630,028▲ 7.7%€737,661▲ 17.1%
Debt€681,001▲ 31.0%€458,007▼ 32.7%€551,305▲ 20.4%€597,735▲ 8.4%€705,088▲ 18.0%
Working capital€124,440▼ 78.2%€57,472▼ 53.8%€20,252▼ 64.8%-€45,480-€114,002▼ 151%
Staff (FTE)0.6=0.6=0.6=0.7▲ 16.7%0.8▲ 14.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result +302% on 2024. Cause not known from the registers.
- 2021 Net result -81% on 2020. The accounts now follow the abbreviated schema, last year the micro schema.
- 2021 Equity -86% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 255% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €737,661
Fixed assets
€333,427 ▲ 2.4%
Current assets
€404,235 ▲ 32.8%
Equity and liabilities €737,661
Equity
€32,573 ▲ 0.9%
Debt
€705,088 ▲ 18.0%
Debt's share of the balance-sheet total rises from 94.9% to 95.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€450,092▲
2024 · €153,648
Cash flow
€335,190▲
2024 · €111,952
Current ratio
0.78▼
2024 · 0.87
Debt to equity
21.65▲
2024 · 18.51
ROE
882.0%▲
2024 · 221.3%
ROA
38.9%▲
2024 · 11.3%
Interest coverage
27.69▲
2024 · 10.83
Debt ≤ 1 year
€518,237▲
2024 · €349,790
Debt > 1 year
€186,852▼
2024 · €247,945
Income taxes
€104,567▲
2024 · €30,252
Staff costs
€38,430▼
2024 · €43,663
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 926 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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%.
| 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 926 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €3,973 | €21,318 | €37,721 | €43,663 | €38,430 | ▼ 12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,258 | €35,930 | €36,015 | €40,484 | €47,910 | ▲ 18.3% |
| Other operating charges640/8 | €4,104 | €3,753 | €3,797 | €4,221 | €5,978 | ▲ 41.6% |
| Gross operating margin9900 | €112,751 | €203,822 | €246,118 | €201,532 | €494,500 | ▲ 145% |
| Operating profit (loss)9901 | €69,415 | €142,822 | €168,585 | €113,164 | €402,181 | ▲ 255% |
| Financial income75/76B | €11,289 | €10,131 | €1,520 | €2,745 | €5,918 | ▲ 116% |
| Recurring financial income75 | €11,289 | €10,131 | €1,520 | €2,745 | €5,918 | ▲ 116% |
| Financial charges65/66B | €16,732 | €16,779 | €15,247 | €14,189 | €16,253 | ▲ 14.5% |
| Recurring financial charges65 | €16,732 | €16,779 | €15,247 | €14,189 | €16,253 | ▲ 14.5% |
| Profit (loss) for the period before taxes9903 | €63,972 | €136,174 | €154,859 | €101,719 | €391,846 | ▲ 285% |
| Income taxes67/77 | €23,824 | €41,692 | €46,302 | €30,252 | €104,567 | ▲ 246% |
| Profit (loss) for the period9904 | €40,149 | €94,482 | €108,557 | €71,468 | €287,279 | ▲ 302% |
| Profit (loss) for the period to be appropriated9905 | €40,149 | €94,482 | €108,557 | €71,468 | €287,279 | ▲ 302% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €763,484 | €500,973 | €585,131 | €630,028 | €737,661 | ▲ 17.1% |
| Fixed assets21/28 | €295,188 | €270,867 | €246,848 | €325,719 | €333,427 | ▲ 2.4% |
| Tangible fixed assets22/27 | €295,188 | €270,867 | €246,848 | €325,719 | €333,157 | ▲ 2.3% |
| Land and buildings22 | €249,774 | €228,993 | €203,225 | €270,099 | €270,581 | ▲ 0.2% |
| Plant, machinery and equipment23 | €40,206 | €38,187 | €40,131 | €48,674 | €48,341 | ▼ 0.7% |
| Furniture and vehicles24 | €5,209 | €3,687 | €3,491 | €6,945 | €14,235 | ▲ 105% |
| Financial fixed assets28 | - | - | - | - | €270 | - |
| Current assets29/58 | €468,297 | €230,105 | €338,283 | €304,310 | €404,235 | ▲ 32.8% |
| Amounts receivable within one year40/41 | €371,127 | €153,939 | €248,972 | €244,859 | €324,032 | ▲ 32.3% |
| Trade receivables40 | - | - | €3,318 | €26,203 | €4,079 | ▼ 84.4% |
| Other amounts receivable41 | €371,127 | €153,939 | €245,653 | €218,656 | €319,953 | ▲ 46.3% |
| Cash at bank and in hand54/58 | €28,730 | €8,514 | €26,850 | €101 | €20,822 | ▲ 20,451% |
| Deferred charges and accrued income490/1 | €68,439 | €67,652 | €62,462 | €59,349 | €59,380 | ▲ 0.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €763,484 | €500,973 | €585,131 | €630,028 | €737,661 | ▲ 17.1% |
| Equity10/15 | €82,483 | €42,965 | €33,826 | €32,293 | €32,573 | ▲ 0.9% |
| Contributions10/11 | €12,800 | €12,800 | €12,800 | €12,800 | €12,800 | = |
| Reserves13 | €68,765 | €28,765 | €21,026 | €19,126 | €19,126 | = |
| Non-distributable reserves130/1 | €1,900 | €1,900 | €1,900 | €0 | - | - |
| Reserves not available under the articles1311 | €1,900 | €1,900 | €1,900 | €0 | - | - |
| Tax-exempt reserves132 | €19,126 | €19,126 | €19,126 | €19,126 | €19,126 | = |
| Distributable reserves133 | €47,739 | €7,739 | €0 | - | - | - |
| Profit (loss) carried forward14 | €918 | €1,401 | €0 | €368 | €647 | ▲ 76.0% |
| Amounts payable17/49 | €681,001 | €458,007 | €551,305 | €597,735 | €705,088 | ▲ 18.0% |
| Amounts payable after more than one year17 | €337,145 | €285,374 | €232,861 | €247,945 | €186,852 | ▼ 24.6% |
| Financial debts170/4 | €337,145 | €285,374 | €232,861 | €247,945 | €186,852 | ▼ 24.6% |
| Amounts payable within one year42/48 | €343,857 | €172,634 | €318,031 | €349,790 | €518,237 | ▲ 48.2% |
| Current portion of amounts payable after more than one year42 | €88,035 | €51,771 | €52,512 | €72,463 | €61,094 | ▼ 15.7% |
| Financial debts43 | - | €2,311 | €21,466 | €40,409 | €92,877 | ▲ 130% |
| Credit institutions430/8 | - | €2,311 | €21,466 | €40,409 | €92,877 | ▲ 130% |
| Trade debts44 | €56,947 | €62,702 | €60,263 | €130,186 | €64,388 | ▼ 50.5% |
| Suppliers440/4 | €56,947 | €62,702 | €60,263 | €130,186 | €64,388 | ▼ 50.5% |
| Taxes, remuneration and social security45 | €35,374 | €55,850 | €66,094 | €33,732 | €12,879 | ▼ 61.8% |
| Taxes450/3 | €29,713 | €51,114 | €59,146 | €14,414 | €7,125 | ▼ 50.6% |
| Remuneration and social security454/9 | €5,662 | €4,736 | €6,948 | €19,318 | €5,754 | ▼ 70.2% |
| Other amounts payable47/48 | €163,500 | €0 | €117,697 | €73,000 | €287,000 | ▲ 293% |
| Accrued charges and deferred income492/3 | - | - | €413 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,149 | €94,482 | €108,557 | €71,468 | €287,279 | ▲ 302% |
| + Depreciation and write-downs630 | €35,258 | €35,930 | €36,015 | €40,484 | €47,910 | ▲ 18.3% |
| Operating cash flow (approximation) | €75,407 | €130,412 | €144,572 | €111,952 | €335,190 | ▲ 199% |
| Investment in fixed assets (approximation) | - | -€11,609 | -€11,995 | -€119,356 | -€55,618 | ▲ 53.4% |
| Change in cash | - | -€20,216 | €18,336 | -€26,748 | €20,721 | ▲ 177% |
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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 11 days late
2025
31-12
Financial
Highest result since 2018net €287,279 ▲302%
Operating result €402,181, net result €287,279, both a record.
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 92 days late
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 16 days late
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €40,149 ▼80.9%
Net result drops to €40,149, the lowest in the series; recovery starts the following year.
14-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €500,000Eq €587,334 ▲55.7%
3 profitable years in a row build equity to €587,334.
16-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 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, Gent · 1 establishment unit since 1986
Ground area
803 m²
Building footprint
431 m²
Volume, LiDAR
8,515 m³
Parcel 44808H0001/00W029, Flanders · tallest building 23.7 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kortrijksesteenweg 215, 9000 Gent
since 19862.228.979.331
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0001/00W029 | Flanders | 803 m² | 1 · 431 m² | 23.7 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.
Structure & network
Owners and holdings
1 ownerChain of control
- Belden Holding
- BELDEN
Highest known parent: Belden Holding. The sources do not say who stands above it.
Owners 1
- Belden Holdingparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
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DENTALBAN
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Nordent
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Of 6,945 companies in sector 86230 we hold annual accounts for 4,294. 2,663 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
Founded30-10-1986
Fiscal year end31-12
Activities, NACEBEL 2025
86230Dental practice
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429792944
Also
9925:BE0429792944
Registered
17-01-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.