BELEBATO
ActiveSummary
BELEBATO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €625,803 and a net result of €264,054. Equity is growing by ~46.1% per year across the filed fiscal years. Its solvency ranks better than 43% of 8161 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+3
Solvency62▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.51 in 2024; short-term debt: 50.1% and cash: 0.3% of total assets), and 62.7% of the assets are financed with debt.
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Signals
Four 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
37.3%
Return on assets
15.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 d late
2024
41 d late
2023
52 d late
2022
23 d late
2021
31 d late
2020
45 d late
2019
32 d late
← 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 36 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€625,803▲ 59.7%
2024 · €391,749
Total assets
€1.7m▲ 64.2%
2024 · €1.0m
Net result
€264,054▲ 99.6%
2024 · €132,322
Working capital
-€687,172▼ 344%
2024 · -€154,901
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20212022202320242025
Operating result€129,492▲ 407%€143,602▲ 10.9%€223,407▲ 55.6%€207,899▼ 6.9%€395,590▲ 90.3%
Net result€62,314above the sector's middle half€83,025above the sector's middle half▲ 33.2%€141,241above the sector's middle half▲ 70.1%€132,322above the sector's middle half▼ 6.3%€264,054above the sector's middle half▲ 99.6%
Equity€117,161within the sector's middle half▲ 114%€178,186above the sector's middle half▲ 52.1%€289,427above the sector's middle half▲ 62.4%€391,749above the sector's middle half▲ 35.4%€625,803within the sector's middle half▲ 59.7%
Total assets€1.1mabove the sector's middle half▼ 0.4%€938,199above the sector's middle half▼ 15.6%€876,421above the sector's middle half▼ 6.6%€1.0mabove the sector's middle half▲ 16.6%€1.7mwithin the sector's middle half▲ 64.2%
Debt€994,512▼ 6.3%€760,013▼ 23.6%€586,994▼ 22.8%€629,798▲ 7.3%€1.1m▲ 67.0%
Working capital-€22,012below the sector's middle half▲ 68.9%-€176,953below the sector's middle half▼ 704%-€144,123below the sector's middle half▲ 18.6%-€154,901below the sector's middle half▼ 7.5%-€687,172below the sector's middle half▼ 344%
Solvency10.5%within the sector's middle half▲ 5.6pp19.0%within the sector's middle half▲ 8.5pp33.0%within the sector's middle half▲ 14.0pp38.3%within the sector's middle half▲ 5.3pp37.3%within the sector's middle half▼ 1.0pp
Current ratio0.86below the sector's middle half▲ 0.310.10below the sector's middle half▼ 0.760.08below the sector's middle half▼ 0.020.51below the sector's middle half▲ 0.440.18below the sector's middle half▼ 0.33
Return on assets (ROA)5.6%within the sector's middle half▲ 6.7pp8.8%within the sector's middle half▲ 3.2pp16.1%above the sector's middle half▲ 7.3pp13.0%above the sector's middle half▼ 3.2pp15.7%above the sector's middle half▲ 2.8pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result +100% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 90% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.5m ▲ 77.7%
Current assets
€152,711 ▼ 6.5%
Equity and liabilities €1.7m
Equity
€625,803 ▲ 59.7%
Debt
€1.1m ▲ 67.0%
Debt's share of the balance-sheet total rises from 61.7% to 62.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€442,578▲
2024 · €214,060
Cash flow
€311,042▲
2024 · €138,483
Quick ratio
0.18▼
2024 · 0.50
Debt to equity
1.68▲
2024 · 1.61
ROE
42.2%▲
2024 · 33.8%
Interest coverage
30.50▲
2024 · 8.91
Debt ≤ 1 year
€839,883▲
2024 · €318,173
Debt > 1 year
€211,801▼
2024 · €311,625
Income taxes
€117,030▲
2024 · €51,571
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €70 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €84,665 | €2,766 | €468 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,300 | €61,823 | €59,085 | €6,161 | €46,988 | ▲ 663% |
| Other operating charges640/8 | €3,296 | €2,828 | €3,007 | €3,123 | €3,254 | ▲ 4.2% |
| Gross operating margin9900 | €283,753 | €211,019 | €285,967 | €217,183 | €445,832 | ▲ 105% |
| Operating profit (loss)9901 | €129,492 | €143,602 | €223,407 | €207,899 | €395,590 | ▲ 90.3% |
| Financial income75/76B | €11 | €11 | €26 | €13 | €6 | ▼ 53.8% |
| Recurring financial income75 | €11 | €11 | €26 | €13 | €6 | ▼ 53.8% |
| Financial charges65/66B | €36,232 | €25,198 | €21,658 | €24,019 | €14,512 | ▼ 39.6% |
| Recurring financial charges65 | €36,232 | €25,198 | €21,658 | €24,019 | €14,512 | ▼ 39.6% |
| Profit (loss) for the period before taxes9903 | €93,271 | €118,415 | €201,775 | €183,893 | €381,084 | ▲ 107% |
| Income taxes67/77 | €30,957 | €35,390 | €60,534 | €51,571 | €117,030 | ▲ 127% |
| Profit (loss) for the period9904 | €62,314 | €83,025 | €141,241 | €132,322 | €264,054 | ▲ 99.6% |
| Profit (loss) for the period to be appropriated9905 | €62,314 | €83,025 | €141,241 | €132,322 | €264,054 | ▲ 99.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €938,199 | €876,421 | €1.0m | €1.7m | ▲ 64.2% |
| Fixed assets21/28 | €972,412 | €918,699 | €864,436 | €858,275 | €1.5m | ▲ 77.7% |
| Tangible fixed assets22/27 | €682,603 | €628,890 | €574,627 | €568,466 | €524,967 | ▼ 7.7% |
| Land and buildings22 | €677,993 | €619,770 | €566,878 | €566,878 | €521,258 | ▼ 8.0% |
| Plant, machinery and equipment23 | €264 | €2,598 | €1,999 | €1,399 | €800 | ▼ 42.8% |
| Furniture and vehicles24 | €4,346 | €6,522 | €5,750 | €189 | €2,909 | ▲ 1,439% |
| Financial fixed assets28 | €289,809 | €289,809 | €289,809 | €289,809 | €999,809 | ▲ 245% |
| Current assets29/58 | €139,261 | €19,500 | €11,985 | €163,272 | €152,711 | ▼ 6.5% |
| Stocks and contracts in progress3 | €4,744 | €2,086 | €4,090 | €4,269 | €1,599 | ▼ 62.5% |
| Stocks30/36 | €4,744 | €2,086 | €4,090 | €4,269 | €1,599 | ▼ 62.5% |
| Amounts receivable within one year40/41 | €125,784 | €11,708 | €5,536 | €151,963 | €146,300 | ▼ 3.7% |
| Trade receivables40 | €124,426 | €10,093 | €5,123 | €151,874 | €96,250 | ▼ 36.6% |
| Other amounts receivable41 | €1,358 | €1,615 | €413 | €89 | €50,050 | ▲ 56,136% |
| Cash at bank and in hand54/58 | €8,733 | €5,706 | €2,359 | €7,040 | €4,812 | ▼ 31.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €938,199 | €876,421 | €1.0m | €1.7m | ▲ 64.2% |
| Equity10/15 | €117,161 | €178,186 | €289,427 | €391,749 | €625,803 | ▲ 59.7% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €98,127 | €159,127 | €270,368 | €372,690 | €606,744 | ▲ 62.8% |
| Non-distributable reserves130/1 | €1,900 | €1,900 | - | - | - | - |
| Reserves not available under the articles1311 | €1,900 | €1,900 | - | - | - | - |
| Distributable reserves133 | €96,227 | €157,227 | €270,368 | €372,690 | €606,744 | ▲ 62.8% |
| Profit (loss) carried forward14 | €34 | €59 | €59 | €59 | €59 | = |
| Amounts payable17/49 | €994,512 | €760,013 | €586,994 | €629,798 | €1.1m | ▲ 67.0% |
| Amounts payable after more than one year17 | €833,239 | €563,560 | €430,886 | €311,625 | €211,801 | ▼ 32.0% |
| Financial debts170/4 | €833,239 | €563,560 | €430,886 | €311,625 | €211,801 | ▼ 32.0% |
| Amounts payable within one year42/48 | €161,273 | €196,453 | €156,108 | €318,173 | €839,883 | ▲ 164% |
| Current portion of amounts payable after more than one year42 | €26,788 | €43,311 | €49,128 | €97,197 | €99,825 | ▲ 2.7% |
| Financial debts43 | €10,063 | €23,057 | €14,673 | €32,500 | €12,500 | ▼ 61.5% |
| Credit institutions430/8 | €10,063 | €23,057 | €14,673 | €32,500 | €12,500 | ▼ 61.5% |
| Trade debts44 | €9,299 | €5,941 | €11,436 | €6,669 | €2,107 | ▼ 68.4% |
| Suppliers440/4 | €9,299 | €5,941 | €11,436 | €6,669 | €2,107 | ▼ 68.4% |
| Taxes, remuneration and social security45 | €60,880 | €103,691 | €41,940 | €96,019 | €127,690 | ▲ 33.0% |
| Taxes450/3 | €60,574 | €103,436 | €41,940 | €96,019 | €127,690 | ▲ 33.0% |
| Remuneration and social security454/9 | €306 | €255 | - | - | - | - |
| Other amounts payable47/48 | €54,243 | €20,453 | €38,931 | €85,788 | €597,761 | ▲ 597% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62,314 | €83,025 | €141,241 | €132,322 | €264,054 | ▲ 99.6% |
| + Depreciation and write-downs630 | €66,300 | €61,823 | €59,085 | €6,161 | €46,988 | ▲ 663% |
| Operating cash flow (approximation) | €128,614 | €144,848 | €200,326 | €138,483 | €311,042 | ▲ 125% |
| Investment in fixed assets (approximation) | - | -€8,110 | -€4,822 | €0 | -€713,489 | - |
| Change in cash | - | -€3,027 | -€3,347 | €4,681 | -€2,228 | ▼ 148% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
29-05
State Gazette act
Appointment: Leen Beuls (director)2 facts ▸
State Gazette act
Appointment: Leen Beuls (director)
2 facts ▸
- General meeting, 04-05-2026
- Director appointment, Leen Beuls (director)
2025
31-12
Financial
Highest result since 2018net €264,054 ▲99.6%
Operating result €395,590, net result €264,054, both a record.
31-12
Financial
Equity above €500,000Eq €625,803 ▲59.7%
5 profitable years in a row build equity to €625,803.
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
21-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 52 days late
2023
31-12
Financial
Equity above €200,000Eq €289,427 ▲62.4%
3 profitable years in a row build equity to €289,427.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Equity above €150,000Eq €178,186 ▲52.1%
2 profitable years in a row build equity to €178,186.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €62,314
Net result €62,314 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €117,161 ▲114%
Equity rises from €54,847 to €117,161.
Show earlier events
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 45 days late
2020
31-12
Financial
Weakest financial yearnet -€12,219
Net result drops to -€12,219, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
24-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 24 days late
2018
29-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Leen Beuls
CurrentDirector · since 04-05-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Rijkevorsel · 1 establishment unit since 1997
Ground area
281 m²
Building footprint
255 m²
Volume, LiDAR
1,248 m³
Parcel 13502E0172/00A007, Flanders · tallest building 9.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Belebato
since 19972.080.129.267
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13502E0172/00A007 | Flanders | 281 m² | 1 · 255 m² | 9.2 m · 1 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.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Leen Beuls |
|
Articles of association
Other statement
One provision in the deed
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
57%
According to the 2025 annual accounts of BELEBATO 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
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 897 EUR awarded · 897 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 897 EUR | 897 EUR |
Similar companies · same sector, comparable size
CLIMATSOL
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CTC Distributions
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DE MULDER - RUBBER - PLASTICS
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Gent · Eq €621,714
Sanco
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Ronse · Eq €634,359
MONDIAL GIFTS
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Ternat · Eq €635,000
Of 1,173 companies in sector 46499 we hold annual accounts for 743. 527 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
Founded13-01-1997
Fiscal year end31-12
Activities, NACEBEL 2025
46499Wholesale of other household goods
68122Development of non-residential building projects
43230Insulation installation
43310Plastering work
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459756838
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.