BELGA BELGA
ActiveSummary
The computed 12-month bankruptcy probability of BELGA BELGA is 5.2% (elevated). The 2025 annual accounts show negative equity (-€103,487) and a net result of -€35,554. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 14676 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2025, micro schema
Equity
-€103,487▼ 52.3%
2024 · -€67,932
Total assets
€95,780▲ 29.5%
2024 · €73,961
Net result
-€35,554
2024 · €350
Working capital
-€125,211▼ 17.8%
2024 · -€106,249
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€5,371▲ 53.3%€1,031-€51,186€5,895-€29,656
Net result-€6,698below the sector's middle half▲ 45.7%-€624within the sector's middle half▲ 90.7%-€52,789below the sector's middle half▼ 8,361%€350within the sector's middle half-€35,554below the sector's middle half
Equity-€14,869below the sector's middle half▼ 82.0%-€15,493below the sector's middle half▼ 4.2%-€68,282below the sector's middle half▼ 341%-€67,932below the sector's middle half▲ 0.5%-€103,487below the sector's middle half▼ 52.3%
Total assets€116,022within the sector's middle half▲ 81.5%€128,140within the sector's middle half▲ 10.4%€130,045within the sector's middle half▲ 1.5%€73,961within the sector's middle half▼ 43.1%€95,780within the sector's middle half▲ 29.5%
Debt€130,892▲ 81.5%€143,633▲ 9.7%€198,327▲ 38.1%€141,893▼ 28.5%€199,267▲ 40.4%
Working capital-€54,137below the sector's middle half▼ 3.6%-€61,151below the sector's middle half▼ 13.0%-€121,016below the sector's middle half▼ 97.9%-€106,249below the sector's middle half▲ 12.2%-€125,211below the sector's middle half▼ 17.8%
Solvency-12.8%below the sector's middle half=-12.1%below the sector's middle half▲ 0.7pp-52.5%below the sector's middle half▼ 40.4pp-91.8%below the sector's middle half▼ 39.3pp-108.0%below the sector's middle half▼ 16.2pp
Current ratio0.49below the sector's middle half▲ 0.240.49below the sector's middle half=0.30below the sector's middle half▼ 0.190.10below the sector's middle half▼ 0.200.28below the sector's middle half▲ 0.18
Return on assets (ROA)-5.8%below the sector's middle half▲ 13.5pp-0.5%within the sector's middle half▲ 5.3pp-40.6%below the sector's middle half▼ 40.1pp0.5%within the sector's middle half▲ 41.1pp-37.1%below the sector's middle half▼ 37.6pp
Staff (FTE)1.81.4▼ 22.2%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €29,656 after €5,895 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95,780
Fixed assets
€47,185 ▼ 23.9%
Current assets
€48,595 ▲ 307%
Equity and liabilities
Equity-€103,487
Debt€199,267
Equity is negative: debt (€199,267) exceeds the balance-sheet total (€95,780).
Key figures and ratios
EBITDA
-€13,471▼
2024 · €22,814
Cash flow
-€19,369▼
2024 · €17,268
Quick ratio
0.26▲
2024 · 0.04
Interest coverage
-2.38▼
2024 · 4.04
Debt ≤ 1 year
€173,807▲
2024 · €118,193
Debt > 1 year
€23,700=
2024 · €23,700
Income taxes
€240▲
2024 · €0
Staff costs
€98,319▲
2024 · €94,958
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 5.2% 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 497,366 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,906 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 | €32,060 | €28,452 | €45,448 | €94,958 | €98,319 | ▲ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,772 | €17,462 | €22,504 | €16,918 | €16,185 | ▼ 4.3% |
| Other operating charges640/8 | €1,940 | €1,106 | €2,457 | €7,127 | €10,692 | ▲ 50.0% |
| Gross operating margin9900 | €41,400 | €48,051 | €19,223 | €124,899 | €95,540 | ▼ 23.5% |
| Operating profit (loss)9901 | -€5,371 | €1,031 | -€51,186 | €5,895 | -€29,656 | ▼ 603% |
| Financial income75/76B | €8 | €6 | €4 | €96 | €1 | ▼ 98.5% |
| Recurring financial income75 | €8 | €6 | €4 | €96 | €1 | ▼ 98.5% |
| Financial charges65/66B | €1,221 | €1,328 | €1,172 | €5,642 | €5,659 | ▲ 0.3% |
| Recurring financial charges65 | €1,221 | €1,328 | €1,172 | €5,642 | €5,659 | ▲ 0.3% |
| Profit (loss) for the period before taxes9903 | -€6,584 | -€291 | -€52,355 | €350 | -€35,314 | ▼ 10,200% |
| Income taxes67/77 | €113 | €333 | €434 | €0 | €240 | ▲ 266,622% |
| Profit (loss) for the period9904 | -€6,698 | -€624 | -€52,789 | €350 | -€35,554 | ▼ 10,271% |
| Profit (loss) for the period to be appropriated9905 | -€6,698 | -€624 | -€52,789 | €350 | -€35,554 | ▼ 10,271% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €116,022 | €128,140 | €130,045 | €73,961 | €95,780 | ▲ 29.5% |
| Fixed assets21/28 | €62,967 | €69,376 | €77,555 | €62,017 | €47,185 | ▼ 23.9% |
| Intangible fixed assets21 | €7,841 | €5,841 | €3,841 | €38 | - | - |
| Tangible fixed assets22/27 | €52,526 | €61,335 | €72,564 | €60,829 | €46,035 | ▼ 24.3% |
| Land and buildings22 | €9,803 | €8,803 | €7,803 | - | - | - |
| Plant, machinery and equipment23 | €335 | €272 | €550 | €610 | €1,384 | ▲ 127% |
| Furniture and vehicles24 | €37,226 | €36,606 | €41,823 | €40,697 | €27,996 | ▼ 31.2% |
| Other tangible fixed assets26 | €5,162 | €15,654 | €22,388 | €19,522 | €16,655 | ▼ 14.7% |
| Financial fixed assets28 | €2,600 | €2,200 | €1,150 | €1,150 | €1,150 | = |
| Current assets29/58 | €53,055 | €58,764 | €52,490 | €11,944 | €48,595 | ▲ 307% |
| Stocks and contracts in progress3 | €11,120 | €14,972 | €11,361 | €7,106 | €3,980 | ▼ 44.0% |
| Stocks30/36 | €11,120 | €14,972 | €11,361 | €7,106 | €3,980 | ▼ 44.0% |
| Amounts receivable within one year40/41 | €37,373 | €32,011 | €38,822 | €60 | €39,417 | ▲ 65,595% |
| Trade receivables40 | €37,373 | €31,166 | €38,443 | €60 | €39,417 | ▲ 65,595% |
| Other amounts receivable41 | - | €845 | €380 | - | - | - |
| Current investments50/53 | €0 | €0 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €2,496 | €11,668 | €1,529 | €3,806 | €3,937 | ▲ 3.5% |
| Deferred charges and accrued income490/1 | €2,066 | €113 | €777 | €973 | €1,261 | ▲ 29.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €116,022 | €128,140 | €130,045 | €73,961 | €95,780 | ▲ 29.5% |
| Equity10/15 | -€14,869 | -€15,493 | -€68,282 | -€67,932 | -€103,487 | ▼ 52.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,814 | €18,814 | €18,814 | = |
| Outside capital11 | €18,600 | €18,600 | €18,814 | - | - | - |
| Other1109/19 | €18,600 | €18,600 | €18,814 | - | - | - |
| Reserves13 | €214 | €214 | - | - | - | - |
| Non-distributable reserves130/1 | €214 | €214 | - | - | - | - |
| Reserves not available under the articles1311 | €214 | €214 | - | - | - | - |
| Profit (loss) carried forward14 | -€33,683 | -€34,307 | -€87,096 | -€86,746 | -€122,300 | ▼ 41.0% |
| Amounts payable17/49 | €130,892 | €143,633 | €198,327 | €141,893 | €199,267 | ▲ 40.4% |
| Amounts payable after more than one year17 | €23,700 | €23,700 | €23,700 | €23,700 | €23,700 | = |
| Financial debts170/4 | €23,700 | €23,700 | €23,700 | €23,700 | €23,700 | = |
| Amounts payable within one year42/48 | €107,192 | €119,915 | €173,506 | €118,193 | €173,807 | ▲ 47.1% |
| Financial debts43 | - | - | €83 | €587 | - | - |
| Credit institutions430/8 | - | - | €83 | €587 | - | - |
| Trade debts44 | €43,891 | €19,530 | €51,368 | €13,788 | €62,643 | ▲ 354% |
| Suppliers440/4 | €43,891 | €19,530 | €51,368 | €13,788 | €62,643 | ▲ 354% |
| Advances received on contracts in progress46 | €1,373 | €28,223 | €1,341 | - | - | - |
| Taxes, remuneration and social security45 | €5,710 | €8,359 | €15,056 | €29,986 | €44,046 | ▲ 46.9% |
| Taxes450/3 | €1,087 | €3,269 | €4,780 | €12,221 | €2,393 | ▼ 80.4% |
| Remuneration and social security454/9 | €4,623 | €5,090 | €10,277 | €17,766 | €41,653 | ▲ 134% |
| Other amounts payable47/48 | €56,218 | €63,803 | €105,657 | €73,832 | €67,118 | ▼ 9.1% |
| Accrued charges and deferred income492/3 | - | €18 | €1,121 | - | €1,760 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,698 | -€624 | -€52,789 | €350 | -€35,554 | ▼ 10,271% |
| + Depreciation and write-downs630 | €12,772 | €17,462 | €22,504 | €16,918 | €16,185 | ▼ 4.3% |
| Operating cash flow (approximation) | €6,074 | €16,838 | -€30,285 | €17,268 | -€19,369 | ▼ 212% |
| Investment in fixed assets (approximation) | - | -€23,870 | -€30,683 | -€1,380 | -€1,353 | ▲ 2.0% |
| Change in cash | - | €9,172 | -€10,139 | €2,276 | €132 | ▼ 94.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector and region
AFK TRADING
BE 0749.459.315
Wemmel
AKAB MARITIME
BE 0713.548.430
Wemmel
ANNAJO
BE 0879.991.225
Wemmel
ARNISA
BE 0834.431.018
Wemmel
AUTENTICA
BE 0627.964.340
Wemmel
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,864 companies in this sector we hold annual accounts for 9,849. See the whole sector