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BELGA SERVICES

Active Private limited companyfounded 1993active for 33 yearsRue Sous les Vignes 18, 4101 SeraingKBO/BCE: BE 0450.758.307 subsidiary of EDIFYS

Lifetime

20 annual accounts with figures on one time axis, 32 filings since 1994
peak €740,694 (2019)
€63,101▲ 2.1%
lowest -€121,866 (2011)
-€59,377▼ €1,537
peak €1.2m (2012)
€979,722▼ 5.7%
€247,995▼ 3.4%
peak 0 FTE (2010)
-not published
Board2 names since 2017
Owners
Documentsfilings and deeds
13-07-202618 days before the deadline
2025abbreviated format
Loss of €59,377

Key points

from the 2025 annual accounts

Losses

-€193,020 in four years
-38,8622022-36,9412023-57,8402024-59,3772025

Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.

Turnover

≈ €160,000 estimated

The accounts state no turnover.

Investments

€200,000 1.7 × depreciation
202220232025

Green is investment, beige is depreciation.

Liquidity

0.22 was 1.15 in 2024

Short-term debts rose from €196,485 to €213,317.

Filings

32 annual accounts since 1994
AprilJune31 JulyOctober200020102020

Six of the last ten came late. The 2019 accounts came latest: 90 days after the end of the period.

Position in the sector

-€59,377

Lower net result than 92% of companies in advertising and market research. Sector median €16,334 · 2,093 companies.

Checked score

93
Excellent
Financially stronger than 40% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 11,230 companies (NACE 73, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1%lowest value 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026highest value 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength
Strong

93=equity 67.8% of total assets
48-2short-term debt 14.8% · cash 0.9%
49-7return on assets -4.1%

Score breakdown

raises risk
Loss of €59,377, the second in a row (financial year 2025)
Liquidity: current ratio 0.22, cash €12,954
lowers risk
Size: total assets €1.4m
Founded in 1993
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 65% of them on solvency, 31% on liquidity, 29% on profitability and 35% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 8,617 companies had the same profile as BELGA SERVICES has now. Each dot stands for 22 companies, two years later.

94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of BELGA SERVICES itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 8,617 companies, not a prediction for BELGA SERVICES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €90,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.22 (1.15 in 2024), below 1. Short-term debt is 14.8% and cash 0.9% of total assets. 32.2% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €1.4m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €59,377, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Founded in 1993
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Liquidity: current ratio 0.22, cash €12,954
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€59,377
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 days early
2024
17 days early
2023
27 days late
2022
4 days early
2021
23 days late
2020
89 days late
2019
90 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 27 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

PT
Director, DI GREGORIO Nicolo, since 01-01-2024
  • EDIFYS 65%score 67equity €266,081 (2025) · 31-03-2025 annual accounts of EDIFYS
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0450758307
Amendment of the articles · Legal-form change · Resignations & appointments Resignation: DI GREGORIO Nicolo (director) · Appointment: PRO TEAM SERVICES (director) · Permanent representative: DI GREGORIO Nicolo · General meeting of 13-12-2023 · Gazette deed
First establishment Place Nicolaï 4 5, Ans
Incorporation published on 17-09-1993 · Gazette deed
All 44 events

Comparable companies

same main activity, similar in size and age
Company
BELGA SERVICES Seraing €1.4m €63,101 67.8% -
CHARLE INDUSTRIES Kortrijk €1.8m €69,103 75.0% -
DEFIGEST CONSEIL Fléron €2.3m €52,797 75.2% -
VAN LENT Grimbergen €1.4m €52,686 -16.8% -
ESPACE EUROPEEN D'ENTREPRISES Beaumont €1.8m €45,615 58.9% -
FOREIGN OFFICE Forest €1.3m €92,773 43.2% 0.1
JOLIKA Sint-Martens-Latem €1.2m €50,410 76.4% -

These companies have the same main activity as BELGA SERVICES: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €1.2m and €2.3m, founded between 1990 and 1992.

Official details

Source: KBO
Status
Active since 23-08-1993Normal situation
Activity
Market research and public opinion pollingNACE 73200and 3 others
Establishment unit
2.064.345.7834430 Ans, since 19-11-1993
Financial year end
31 December
Peppol
Reachable since 10-09-2025
Company details

Annual accounts 2025

€1.4m▼ 6.0%
Filing
Filed on 13-07-2026, 18 days before the end of the filing period
Financials

Insights on BELGA SERVICES

BELGA SERVICES files the abbreviated format. That format states no turnover. The gross margin fell from €65,712 in 2006 to €63,101 in 2025.

The balance sheet grew most in 2009 through fixed assets.

EDIFYS holds 65% of the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about BELGA SERVICES

What is the company number of BELGA SERVICES?
The company number of BELGA SERVICES is 0450.758.307. The VAT number is the same number with BE in front: BE 0450.758.307.
Where is BELGA SERVICES based?
The registered office is at Rue Sous les Vignes 18, 4101 Seraing.Company details
What does BELGA SERVICES do?
According to the KBO register, the main activity is market research and public opinion polling (NACE 73200).
What is the legal form of BELGA SERVICES?
BELGA SERVICES is a private limited company (BV).
When was BELGA SERVICES founded?
BELGA SERVICES was founded on 23-08-1993.
Is BELGA SERVICES still active?
Yes, BELGA SERVICES is an active enterprise in the KBO register.
What is the turnover of BELGA SERVICES?
The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €63,101 and 44 comparable companies (NACE 73). It probably lies between €120,000 and €230,000.Financials
Is BELGA SERVICES profitable?
In financial year 2025, BELGA SERVICES made a loss of €59,377.
Where can I find the annual accounts of BELGA SERVICES?
BELGA SERVICES filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of BELGA SERVICES due?
BELGA SERVICES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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