BELGALAM
ActiveSummary
BELGALAM has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9.68M and a net result of €247k. Equity remains stable across the filed fiscal years (±0.1% per year). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability14▼-1
Solvency92▼-1
Growth57▲+14
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.18 in 2023; short-term debt: 32.9% and cash: 6% of total assets), and 32.9% of the assets are financed with debt.
Credit check 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
67.1%
Return on assets
1.7%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 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
not confirmed
2024
30 d late
2023
30 d late
2022
7 d late
2021
1 d late
2020
54 d late
2019
90 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, unclassified schema
Turnover
€30k=
2023 · €30k
2018: €41khighest value
2020: €40k
2021: €40k● 0.0% vs 2020
2022: €30k▼ -25.0% vs 2021lowest value
2023: €30k● 0.0% vs 2022lowest value
2024: €30k● 0.0% vs 2023lowest value
2018 → 2024
EBIT margin
-99.9%▼ 74.3pp
2023 · -25.6%
2018: -107.7%
2020: -4.4%highest value
2021: -40.5%▼ -828% vs 2020
2022: -167.8%▼ -314% vs 2021lowest value
2023: -25.6%▲ +84.7% vs 2022
2024: -99.9%▼ -290% vs 2023
2018 → 2024
Net result
€247k▲ 60.8%
2023 · €154k
2018: €5k
2019: €-178k▼ -3574% vs 2018
2020: €117k▲ +166% vs 2019
2021: €3k▼ -97.1% vs 2020
2022: €-286k▼ -8571% vs 2021lowest in 7 years
2023: €154k▲ +154% vs 2022
2024: €247k▲ +60.8% vs 2023highest in 7 years
2018 → 2024
Working capital
€939k▲ 21.2%
2023 · €774k
2018: €985khighest in 7 years
2019: €807k▼ -18.0% vs 2018
2020: €922k▲ +14.2% vs 2019
2021: €900k▼ -2.3% vs 2020
2022: €632k▼ -29.8% vs 2021lowest in 7 years
2023: €774k▲ +22.5% vs 2022
2024: €939k▲ +21.2% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€40k-€40k=€30k▼ 25.0%€30k=€30k=
2020: €40khighest in 5 years
2021: €40k● 0.0% vs 2020highest in 5 years
2022: €30k▼ -25.0% vs 2021lowest in 5 years
2023: €30k● 0.0% vs 2022lowest in 5 years
2024: €30k● 0.0% vs 2023lowest in 5 years
Equity€9.57M-€9.58M=€9.28M▼ 3.1%€9.44M▲ 1.7%€9.68M▲ 2.6%
2020: €9.57M
2021: €9.58M● +0.0% vs 2020
2022: €9.28M▼ -3.1% vs 2021lowest in 5 years
2023: €9.44M▲ +1.7% vs 2022
2024: €9.68M▲ +2.6% vs 2023highest in 5 years
Operating result€-2k-€-16k▼ 828%€-50k▼ 211%€-8k▲ 84.7%€-30k▼ 290%
2020: €-2khighest in 5 years
2021: €-16k▼ -828% vs 2020
2022: €-50k▼ -211% vs 2021lowest in 5 years
2023: €-8k▲ +84.7% vs 2022
2024: €-30k▼ -290% vs 2023
Net result€117k-€3k▼ 97.1%€-286k€154k€247k▲ 60.8%
2020: €117k
2021: €3k▼ -97.1% vs 2020
2022: €-286k▼ -8571% vs 2021lowest in 5 years
2023: €154k▲ +154% vs 2022
2024: €247k▲ +60.8% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €30k in 2024 against €8k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €14.42M
Fixed assets
€8.75M ▲ 1.0%
Current assets
€5.68M ▲ 10.8%
Equity and liabilities €14.42M
Equity
€9.68M ▲ 2.6%
Debt
€4.74M ▲ 9.0%
Debt's share of the balance-sheet total rises from 31.6% to 32.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-4k▼
2023 · €-1k
Cash flow
€273k▲
2023 · €160k
Current ratio
1.20▲
2023 · 1.18
Debt to equity
0.49▲
2023 · 0.46
ROE
2.6%▲
2023 · 1.6%
ROA
1.7%▲
2023 · 1.1%
Interest coverage
-0.03▲
2023 · -27.68
Debt ≤ 1 year
€4.74M▲
2023 · €4.35M
Income taxes
€300▼
2023 · €377
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 · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€13.79M€14.42M▲
Fixed assets21/28€8.66M€8.75M▲
Tangible fixed assets22/27€13k€95k▲
Furniture and vehicles24€13k€95k▲
Financial fixed assets28€8.65M€8.65M=
Affiliated companies280/1€8.65M€8.65M=
Participating interests280€8.65M€8.65M=
Current assets29/58€5.12M€5.68M▲
Amounts receivable within one year40/41€936k€1.07M▲
Trade receivables40€8k€15k▲
Other amounts receivable41€928k€1.05M▲
Current investments50/53€4.13M€3.75M▼
Other investments51/53€4.13M€3.75M▼
Cash at bank and in hand54/58€59k€860k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€13.79M€14.42M▲
Equity10/15€9.44M€9.68M▲
Contributions10/11€8.65M€8.65M=
Reserves13€49k€49k=
Non-distributable reserves130/1€49k€49k=
Reserves not available under the articles1311€49k€49k=
Profit (loss) carried forward14€737k€984k▲
Amounts payable17/49€4.35M€4.74M▲
Amounts payable within one year42/48€4.35M€4.74M▲
Trade debts44€9k€6k▼
Suppliers440/4€9k€6k▼
Taxes, remuneration and social security45€325-
Taxes450/3€325-
Other amounts payable47/48€4.34M€4.73M▲
Accrued charges and deferred income492/3€989€989=
Income statement
Code20232024
Operating income70/76A€46k€35k▼
Turnover70€30k€30k=
Other operating income74€16k€5k▼
Operating charges60/66A€54k€65k▲
Services and other goods61€45k€38k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€25k▲
Other operating charges640/8€2k€2k▼
Operating profit (loss)9901€-8k€-30k▼
Financial income75/76B€122k€534k▲
Recurring financial income75€122k€534k▲
Income from current assets751€78k€144k▲
Other financial income752/9€44k€390k▲
Financial charges65/66B€-40k€257k▲
Recurring financial charges65€-40k€257k▲
Debt charges650€44€129k▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-107k€-43k▲
Other financial charges652/9€67k€172k▲
Profit (loss) for the period before taxes9903€154k€248k▲
Income taxes67/77€377€300▼
Taxes670/3€377€300▼
Profit (loss) for the period9904€154k€247k▲
Profit (loss) for the period to be appropriated9905€154k€247k▲
Appropriation of the result
Profit (loss) to be appropriated9906€737k€984k▲
Profit (loss) brought forward from the previous period14P€583k€737k▲
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €47k | €35k | €46k | €35k | ▼ 25.1% |
| Turnover70 | €40k | €40k | €30k | €30k | €30k | = |
| Other operating income74 | - | €7k | €4k | €16k | €5k | ▼ 71.4% |
| Non-recurring operating income76A | - | - | €1k | - | - | - |
| Operating charges60/66A | - | €64k | €85k | €54k | €65k | ▲ 19.8% |
| Services and other goods61 | - | €46k | €63k | €45k | €38k | ▼ 16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €16k | €20k | €6k | €25k | ▲ 294% |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▼ 33.9% |
| Operating profit (loss)9901 | €-2k | €-16k | €-50k | €-8k | €-30k | ▼ 290% |
| Financial income75/76B | - | €141k | €54k | €122k | €534k | ▲ 339% |
| Recurring financial income75 | €271k | €141k | €54k | €122k | €534k | ▲ 339% |
| Income from current assets751 | - | €49k | €24k | €78k | €144k | ▲ 85.0% |
| Other financial income752/9 | - | €92k | €30k | €44k | €390k | ▲ 788% |
| Financial charges65/66B | - | €121k | €289k | €-40k | €257k | ▲ 742% |
| Recurring financial charges65 | €151k | €121k | €289k | €-40k | €257k | ▲ 742% |
| Debt charges650 | - | - | - | €44 | €129k | ▲ 293,439% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | €66k | €22k | €-107k | €-43k | ▲ 59.6% |
| Other financial charges652/9 | - | €55k | €267k | €67k | €172k | ▲ 155% |
| Profit (loss) for the period before taxes9903 | €117k | €4k | €-285k | €154k | €248k | ▲ 60.6% |
| Income taxes67/77 | €224 | €340 | €376 | €377 | €300 | ▼ 20.5% |
| Taxes670/3 | - | €340 | €376 | €377 | €300 | ▼ 20.5% |
| Profit (loss) for the period9904 | €117k | €3k | €-286k | €154k | €247k | ▲ 60.8% |
| Profit (loss) for the period to be appropriated9905 | €117k | €3k | €-286k | €154k | €247k | ▲ 60.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.81M | €13.84M | €13.60M | €13.79M | €14.42M | ▲ 4.6% |
| Fixed assets21/28 | €8.68M | €8.69M | €8.67M | €8.66M | €8.75M | ▲ 1.0% |
| Tangible fixed assets22/27 | €29k | €39k | €19k | €13k | €95k | ▲ 661% |
| Furniture and vehicles24 | - | €39k | €19k | €13k | €95k | ▲ 661% |
| Financial fixed assets28 | €8.65M | €8.65M | €8.65M | €8.65M | €8.65M | = |
| Affiliated companies280/1 | - | €8.65M | €8.65M | €8.65M | €8.65M | = |
| Participating interests280 | - | €8.65M | €8.65M | €8.65M | €8.65M | = |
| Current assets29/58 | €5.13M | €5.15M | €4.93M | €5.12M | €5.68M | ▲ 10.8% |
| Amounts receivable within one year40/41 | €833k | €838k | €877k | €936k | €1.07M | ▲ 13.9% |
| Trade receivables40 | - | €450 | €31k | €8k | €15k | ▲ 94.8% |
| Other amounts receivable41 | - | €837k | €845k | €928k | €1.05M | ▲ 13.2% |
| Current investments50/53 | €4.06M | €4.12M | €3.85M | €4.13M | €3.75M | ▼ 9.1% |
| Other investments51/53 | - | €4.12M | €3.85M | €4.13M | €3.75M | ▼ 9.1% |
| Cash at bank and in hand54/58 | €242k | €190k | €201k | €59k | €860k | ▲ 1,356% |
| Deferred charges and accrued income490/1 | - | €4k | €2k | €2k | €1k | ▼ 18.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.81M | €13.84M | €13.60M | €13.79M | €14.42M | ▲ 4.6% |
| Equity10/15 | €9.57M | €9.58M | €9.28M | €9.44M | €9.68M | ▲ 2.6% |
| Contributions10/11 | - | €8.65M | €8.65M | €8.65M | €8.65M | = |
| Reserves13 | €49k | €49k | €49k | €49k | €49k | = |
| Non-distributable reserves130/1 | - | €49k | €49k | €49k | €49k | = |
| Reserves not available under the articles1311 | - | €49k | €49k | €49k | €49k | = |
| Profit (loss) carried forward14 | €874k | €878k | €583k | €737k | €984k | ▲ 33.6% |
| Amounts payable17/49 | €4.24M | €4.26M | €4.31M | €4.35M | €4.74M | ▲ 9.0% |
| Amounts payable after more than one year17 | €27k | €12k | - | - | - | - |
| Financial debts170/4 | - | €12k | - | - | - | - |
| Credit institutions173 | - | €12k | - | - | - | - |
| Amounts payable within one year42/48 | €4.21M | €4.25M | €4.29M | €4.35M | €4.74M | ▲ 9.0% |
| Current portion of amounts payable after more than one year42 | - | €15k | €12k | - | - | - |
| Trade debts44 | €8k | €4k | €12k | €9k | €6k | ▼ 31.2% |
| Suppliers440/4 | - | €4k | €12k | €9k | €6k | ▼ 31.2% |
| Taxes, remuneration and social security45 | - | €340 | €715 | €325 | - | - |
| Taxes450/3 | - | €340 | €715 | €325 | - | - |
| Other amounts payable47/48 | - | €4.23M | €4.27M | €4.34M | €4.73M | ▲ 9.1% |
| Accrued charges and deferred income492/3 | - | €609 | €19k | €989 | €989 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €117k | €3k | €-286k | €154k | €247k | ▲ 60.8% |
| + Depreciation and write-downs630 | €14k | €16k | €20k | €6k | €25k | ▲ 294% |
| Operating cash flow (approximation) | €131k | €19k | €-265k | €160k | €273k | ▲ 70.2% |
| Investment in fixed assets (approximation) | - | €-26k | €0 | €0 | €-108k | - |
| Change in cash | - | €-53k | €11k | €-142k | €801k | ▲ 666% |
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
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 30 days late
2024
31-12
Financial
Highest result since 2018net €247k ▲60.8%
Net result €247k, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 30 days late
2023
31-12
Financial
Back to profitnet €154k
Net result €154k after one loss-making year.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema · 7 days late
2022
31-12
Financial
Weakest financial yearnet €-286k
Net result drops to €-286k, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 1 day late
2021
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema · 54 days late
2020
31-12
Financial
Back to profitnet €117k
Net result €117k after one loss-making year.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
07-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 38 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
20-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 204 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Etterbeek · 1 establishment unit since 2012
Ground area
3,459 m²
Building footprint
247 m²
Volume, LiDAR
2,156 m³
2 parcels, Brussels, Wallonia · tallest building 18.3 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BELGALAM
since 20122.215.966.186
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076F0006/00S005 | Wallonia | 3,200 m² | 1 · 156 m² | 12.8 m · 2 fl. |
| 21363B0317/00N000 | Brussels | 259 m² | 1 · 90 m² | 18.3 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
549300XOU7EEGMT7MQ94
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 6,994 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 (pre-2019)
Founded21-11-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.