BELDOS
ActiveBELDOS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.08M and a net result of €417k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 48% of 509 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability90▼-10
Solvency68▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 1.62 against 1.84 in 2023; short-term debt: 56.5% and cash: 12.3% of total assets), but 56.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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 2024Solvency, return and age of the figures
Solvency
43.5%
Return on assets
16.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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
not confirmed
2024
56 d late
2023
64 d late
2022
60 d late
2021
85 d late
2020
87 d late
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.08M▼ 14.5%
2023 · €1.26M
2018: €567k
2019: €626k
2020: €670k
2021: €839k
2022: €1.07M
2023: €1.26M
2018 → 2024
Total assets
€2.48M▼ 4.0%
2023 · €2.58M
2018: €904k
2019: €1.38M
2020: €1.23M
2021: €1.78M
2022: €1.93M
2023: €2.58M
2018 → 2024
Net result
€417k▼ 39.4%
2023 · €688k
2018: €210k
2019: €209k
2020: €244k
2021: €619k
2022: €535k
2023: €688k
2018 → 2024
Working capital
€875k▼ 21.5%
2023 · €1.11M
2018: €381k
2019: €375k
2020: €469k
2021: €695k
2022: €926k
2023: €1.11M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€670k-€839k▲ 25.2%€1.07M▲ 28.0%€1.26M▲ 17.5%€1.08M▼ 14.5%
Operating result€273k-€698k▲ 155%€625k▼ 10.4%€762k▲ 21.9%€463k▼ 39.3%
Net result€244k-€619k▲ 154%€535k▼ 13.6%€688k▲ 28.7%€417k▼ 39.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 39% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.48M
Fixed assets
€203k▲ 38.4%
Current assets
€2.28M▼ 6.5%
Equity and liabilities €2.48M
Equity
€1.08M▼ 14.5%
Debt
€1.40M▲ 6.1%
The debt ratio rises from 51.1% to 56.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€498k▼
2023 · €809k
Cash flow
€451k▼
2023 · €735k
Solvency
43.5%▼
2023 · 48.9%
Current ratio
1.62▼
2023 · 1.84
Quick ratio
1.09▼
2023 · 1.25
Debt / equity
1.30▲
2023 · 1.05
ROE
38.6%▼
2023 · 54.5%
ROA
16.8%▼
2023 · 26.6%
Interest coverage
1116.60▲
2023 · 362.36
Debt
€1.40M▲
2023 · €1.32M
Debt ≤ 1 year
€1.40M▲
2023 · €1.32M
Income taxes
€46k▼
2023 · €73k
Staff costs
€484k▲
2023 · €374k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.58M€2.48M▼
Fixed assets21/28€147k€203k▲
Tangible fixed assets22/27€145k€201k▲
Land and buildings22€63k€57k▼
Plant, machinery and equipment23€12k€57k▲
Furniture and vehicles24€44k€39k▼
Other tangible fixed assets26€26k€48k▲
Financial fixed assets28€2k€2k=
Current assets29/58€2.44M€2.28M▼
Stocks and contracts in progress3€784k€742k▼
Stocks30/36€784k€742k▼
Amounts receivable within one year40/41€1.17M€1.20M▲
Trade receivables40€122k€109k▼
Other amounts receivable41€1.05M€1.09M▲
Cash at bank and in hand54/58€469k€306k▼
Deferred charges and accrued income490/1€12k€32k▲
Equity and liabilities
Total equity and liabilities10/49€2.58M€2.48M▼
Equity10/15€1.26M€1.08M▼
Contributions10/11€207k€207k=
Capital10€207k€207k=
Issued capital100€207k€207k=
Reserves13€54k€54k=
Non-distributable reserves130/1€21k€21k=
Legal reserve130€21k€21k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€1.00M€817k▼
Amounts payable17/49€1.32M€1.40M▲
Amounts payable within one year42/48€1.32M€1.40M▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€106k€173k▲
Suppliers440/4€106k€173k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€77k€42k▼
Taxes450/3€43k€42▼
Remuneration and social security454/9€34k€42k▲
Other amounts payable47/48€1.14M€1.19M▲
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Remuneration, social security and pensions62€374k€484k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€35k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k€0▼
Other operating charges640/8€3k€5k▲
Gross operating margin9900€1.19M€987k▼
Operating profit (loss)9901€762k€463k▼
Financial income75/76B€833€233▼
Recurring financial income75€833€233▼
Financial charges65/66B€2k€446▼
Recurring financial charges65€2k€446▼
Profit (loss) for the period before taxes9903€761k€463k▼
Income taxes67/77€73k€46k▼
Profit (loss) for the period9904€688k€417k▼
Profit (loss) for the period to be appropriated9905€688k€417k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.50M€1.42M▼
Profit (loss) brought forward from the previous period14P€812k€1.00M▲
Profit to be distributed694/7€500k€600k▲
Return on contributions (dividend)694-€300k
Directors or managers695€500k€300k▼
Social balance
Average headcount (FTE)90877.27.9▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 56 days late
2024
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 64 days late
2023
31-12
Financial
Highest result since 2018net €688k ▲28.7%
Operating result €762k, net result €688k, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
31-12
Financial
Equity above €1MEq €1.07M ▲28%
5 profitable years in a row build equity to €1.07M.
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 85 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 87 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
31-12
Financial
Weakest financial yearnet €209k ▼0.3%
Net result drops to €209k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
20-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 112 days late
2016
17-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 78 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Kapellen · 1 establishment unit since 2001
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.
Industrielaan 102950 KapellenGround area
3,087 m²
Building footprint
1,064 m²
Volume, LiDAR
3 m³
Parcel 11023K0007/00F028, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
Industrielaan 10, 2950 Kapellen
since 20012.095.182.974
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023K0007/00F028 | Flanders | 3,087 m² | 1 · 1,064 m² | 0.1 m |
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
Flemish government
2022 to 2025 · 7 entries · 34,124 EUR awarded · 34,124 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 11,493 EUR | 11,493 EUR |
| 2024 | 2 | 7,618 EUR | 7,618 EUR |
| 2023 | 2 | 8,539 EUR | 13,438 EUR |
| 2022 | 1 | 6,474 EUR | 1,575 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
5 endedSimilar companies · same sector, comparable size
SOLLERTEC
BE 0810.729.760
Ieper · Eq €1.08M
ROFCO
BE 0870.826.111
Menen · Eq €1.10M
ABATEC
BE 0651.914.630
Deinze · Eq €1.10M
UNITEC BENELUX
BE 0461.598.254
Tessenderlo-Ham · Eq €1.12M
FEEDMACHINERY
BE 0473.501.540
Lichtervelde · Eq €1.15M
Of 127 companies in sector 28930 we hold annual accounts for 101. 70 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-09-2001
Fiscal year end31-12
Activities, NACEBEL
28930Manufacture of machinery and equipment not elsewhere classified
46649Wholesale of other machinery and equipment
51873
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.