BELGA SERVICES
ActiveSummary
BELGA SERVICES has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €980k and a net result of €-59k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 72% of 1638 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability49▼-7
Solvency93=
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity short (current ratio 0.22 against 1.15 in 2024; short-term debt: 14.8% and cash: 0.9% of total assets), and 32.2% 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+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
67.8%
Return on assets
-4.1%
Age of the figures
9 mo
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-59k
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 filingsDeviation from the deadline
2025
18 d early
2024
17 d early
2023
27 d late
2022
4 d early
2021
23 d late
2020
89 d late
2019
90 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-59k▼ 2.7%
2024 · €-58k
2018: €-68k
2019: €442k
2020: €442k
2021: €191k
2022: €-39k
2023: €-37k
2024: €-58k
2018 → 2025
Working capital
€-166k
2024 · €29k
2018: €-320k
2019: €422k
2020: €454k
2021: €676k
2022: €464k
2023: €22k
2024: €29k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.17M-€1.13M▼ 3.3%€1.10M▼ 3.3%€1.04M▼ 5.3%€980k▼ 5.7%
Operating result€25k-€-51k€-52k▼ 2.2%€-73k▼ 39.4%€-74k▼ 2.1%
Net result€191k-€-39k€-37k▲ 4.9%€-58k▼ 56.6%€-59k▼ 2.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €74k in 2025 against €73k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.44M
Fixed assets
€1.40M ▲ 6.4%
Current assets
€47k ▼ 78.9%
Equity and liabilities €1.44M
Equity
€980k ▼ 5.7%
Provisions
€217k ▼ 10.3%
Debt
€248k ▼ 3.4%
Debt's share of the balance-sheet total rises from 16.7% to 17.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€41k▼
2024 · €41k
Cash flow
€56k▼
2024 · €56k
Current ratio
0.22▼
2024 · 1.15
Debt to equity
0.25▲
2024 · 0.25
ROE
-6.1%▼
2024 · -5.6%
ROA
-4.1%▼
2024 · -3.8%
Interest coverage
4.21▼
2024 · 5.07
Debt ≤ 1 year
€213k▲
2024 · €196k
Debt > 1 year
€35k▼
2024 · €60k
Income taxes
€248▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.54M€1.44M▼
Fixed assets21/28€1.31M€1.40M▲
Tangible fixed assets22/27€1.31M€1.40M▲
Land and buildings22€671k€626k▼
Plant, machinery and equipment23€36k-
Assets under construction and advance payments27€605k€771k▲
Current assets29/58€225k€47k▼
Amounts receivable within one year40/41€209k€34k▼
Trade receivables40€9k€6k▼
Other amounts receivable41€200k€28k▼
Cash at bank and in hand54/58€15k€13k▼
Deferred charges and accrued income490/1€797€820▲
Equity and liabilities
Total equity and liabilities10/49€1.54M€1.44M▼
Equity10/15€1.04M€980k▼
Contributions10/11€63k€63k=
Revaluation surpluses12€113k€113k=
Reserves13€731k€657k▼
Tax-exempt reserves132€724k€650k▼
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€133k€148k▲
Provisions and deferred taxes16€241k€217k▼
Deferred taxes168€241k€217k▼
Amounts payable17/49€257k€248k▼
Amounts payable after more than one year17€60k€35k▼
Financial debts170/4€60k€35k▼
Amounts payable within one year42/48€196k€213k▲
Current portion of amounts payable after more than one year42€27k€25k▼
Financial debts43€100k-
Credit institutions430/8€100k-
Trade debts44€28k€27k▼
Suppliers440/4€28k€27k▼
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€3k€3k▲
Other amounts payable47/48€38k€157k▲
Accrued charges and deferred income492/3€137-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114k€115k▲
Other operating charges640/8€20k€22k▲
Gross operating margin9900€62k€63k▲
Operating profit (loss)9901€-73k€-74k▼
Financial income75/76B€324€108▼
Recurring financial income75€324€108▼
Financial charges65/66B€8k€10k▲
Recurring financial charges65€8k€10k▲
Profit (loss) for the period before taxes9903€-81k€-84k▼
Transfer from deferred taxes780€25k€25k▲
Income taxes67/77€2k€248▼
Profit (loss) for the period9904€-58k€-59k▼
Transfer from tax-exempt reserves789€74k€74k▲
Profit (loss) for the period to be appropriated9905€16k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€133k€148k▲
Profit (loss) brought forward from the previous period14P€117k€133k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 6.66
Current ratio from 2.91 to 6.66; short-term debt falls from €238k to €119k.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 89 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
31-12
Financial
Back to profitnet €442k
Net result €442k after one loss-making year.
31-12
Financial
Liquidity times 7current ratio 2.57
Current ratio from 0.35 to 2.57; short-term debt falls from €491k to €270k.
31-12
Financial
Equity above €1MEq €1.11M ▲12.6%
Equity rises from €986k to €1.11M.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Seraing · 1 establishment unit since 1993
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.
Rue Sous les Vignes 184101 SeraingGround area
1,548 m²
Building footprint
426 m²
Volume, LiDAR
2,800 m³
2 parcels, Wallonia · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Place Nicolaï 4 5, 4430 Ans
since 19932.064.345.783
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62058B0399/00D008 | Wallonia | 1,465 m² | 1 · 378 m² | 9.1 m · 2 fl. |
| 62003A0602/00C000indicative | Wallonia | 83 m² | 1 · 47 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,713 companies in sector 73200 we hold annual accounts for 1,783. 1,098 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-08-1993
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
41001General construction of residential buildings
68310Real estate agency activities
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.