BELGALAM
ActiveSummary
BELGALAM has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9.7m and a net result of €247,354. Equity remains stable across the filed financial years (±0.1% per year). The computed 12-month bankruptcy probability is 0.3% (very low).
Financials · financial year 2024, unclassified schema
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 20 October 2026.
Turnover
€30,000=
2023 · €30,000
EBIT margin
-99.9%▼ 74.3pp
2023 · -25.6%
Net result
€247,354▲ 60.8%
2023 · €153,789
Working capital
€938,934▲ 21.2%
2023 · €774,414
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result stays negative: a loss of €29,972 in 2024 against €7,684 in 2023; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0.03m
2024
Operating result-€0.03m
2024
Net result€0.2m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€14.4m
2024
Equity€9.7m
2024
Debt€4.7m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.9m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-99.9%
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€0.04m-€0.04m€0.04m=€0.03m▼ 25.0%€0.03m=€0.03m=
Operating result-€0.04m--€0.2m▼ 264%-€0.002m▲ 98.9%-€0.02m▼ 828%-€0.05m▼ 211%-€0.008m▲ 84.7%-€0.03m▼ 290%
Net result€0.005m--€0.2m€0.1m€0.003m▼ 97.1%-€0.3m€0.2m€0.2m▲ 60.8%
EBIT margin-107.7%--4.4%-40.5%▼ 36.2pp-167.8%▼ 127.3pp-25.6%▲ 142.2pp-99.9%▼ 74.3pp
Equity€9.6m-€9.5m▼ 1.8%€9.6m▲ 1.2%€9.6m=€9.3m▼ 3.1%€9.4m▲ 1.7%€9.7m▲ 2.6%
Total assets€10.2m-€12.9m▲ 27.3%€13.8m▲ 6.8%€13.8m▲ 0.2%€13.6m▼ 1.8%€13.8m▲ 1.4%€14.4m▲ 4.6%
Debt€0.5m-€3.5m▲ 561%€4.2m▲ 21.7%€4.3m▲ 0.5%€4.3m▲ 1.2%€4.4m▲ 0.9%€4.7m▲ 9.0%
Working capital€1.0m-€0.8m▼ 18.0%€0.9m▲ 14.2%€0.9m▼ 2.3%€0.6m▼ 29.8%€0.8m▲ 22.5%€0.9m▲ 21.2%
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €14.4m
Fixed assets
€8.7m ▲ 1.0%
Current assets
€5.7m ▲ 10.8%
Equity and liabilities €14.4m
Equity
€9.7m ▲ 2.6%
Debt
€4.7m ▲ 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
-€4,491▼
2023 · -€1,213
Cash flow
€272,835▲
2023 · €160,261
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
€4.7m▲
2023 · €4.3m
Income taxes
€300▼
2023 · €377
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €47,440 | €35,009 | €46,277 | €34,657 | ▼ 25.1% |
| Turnover70 | €41,350 | - | €40,000 | €40,000 | €30,000 | €30,000 | €30,000 | = |
| Other operating income74 | - | - | - | €7,440 | €3,737 | €16,277 | €4,657 | ▼ 71.4% |
| Non-recurring operating income76A | - | - | - | - | €1,271 | - | - | - |
| Operating charges60/66A | - | - | - | €63,654 | €85,356 | €53,961 | €64,629 | ▲ 19.8% |
| Services and other goods61 | - | - | - | €45,707 | €62,981 | €45,108 | €37,574 | ▼ 16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,227 | €14,795 | €13,952 | €15,757 | €20,424 | €6,472 | €25,481 | ▲ 294% |
| Other operating charges640/8 | - | - | - | €2,189 | €1,951 | €2,381 | €1,574 | ▼ 33.9% |
| Gross operating margin9900 | -€29,914 | €8,467 | - | - | - | - | - | - |
| Operating profit (loss)9901 | -€44,522 | -€162,155 | -€1,747 | -€16,214 | -€50,347 | -€7,684 | -€29,972 | ▼ 290% |
| Financial income75/76B | - | - | - | €141,239 | €53,888 | €121,856 | €534,383 | ▲ 339% |
| Recurring financial income75 | €50,000 | €8,795 | €270,625 | €141,239 | €53,888 | €121,856 | €534,383 | ▲ 339% |
| Income from current assets751 | - | - | - | €48,814 | €23,756 | €77,890 | €144,075 | ▲ 85.0% |
| Other financial income752/9 | - | - | - | €92,425 | €30,132 | €43,966 | €390,308 | ▲ 788% |
| Financial charges65/66B | - | - | - | €121,312 | €288,945 | -€39,994 | €256,757 | - |
| Recurring financial charges65 | €346 | €24,044 | €151,486 | €121,312 | €288,945 | -€39,994 | €256,757 | - |
| Debt charges650 | - | - | - | - | - | €44 | €128,570 | ▲ 293,439% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | €66,019 | €22,313 | -€107,414 | -€43,348 | ▲ 59.6% |
| Other financial charges652/9 | - | - | - | €55,293 | €266,632 | €67,377 | €171,535 | ▲ 155% |
| Profit (loss) for the period before taxes9903 | €5,132 | -€177,404 | €117,392 | €3,713 | -€285,404 | €154,165 | €247,654 | ▲ 60.6% |
| Income taxes67/77 | €16 | €316 | €224 | €340 | €376 | €377 | €300 | ▼ 20.5% |
| Taxes670/3 | - | - | - | €340 | €376 | €377 | €300 | ▼ 20.5% |
| Profit (loss) for the period9904 | €5,116 | -€177,720 | €117,168 | €3,373 | -€285,780 | €153,789 | €247,354 | ▲ 60.8% |
| Profit (loss) for the period to be appropriated9905 | €5,116 | -€177,720 | €117,168 | €3,373 | -€285,780 | €153,789 | €247,354 | ▲ 60.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €10.2m | €12.9m | €13.8m | €13.8m | €13.6m | €13.8m | €14.4m | ▲ 4.6% |
| Fixed assets21/28 | €8.7m | €8.7m | €8.7m | €8.7m | €8.7m | €8.7m | €8.7m | ▲ 1.0% |
| Tangible fixed assets22/27 | €0.06m | €0.04m | €0.03m | €0.04m | €0.02m | €0.01m | €0.1m | ▲ 661% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.02m | €0.01m | €0.1m | ▲ 661% |
| Financial fixed assets28 | €8.7m | €8.7m | €8.7m | €8.7m | €8.7m | €8.7m | €8.7m | = |
| Affiliated companies280/1 | - | - | - | €8.7m | €8.7m | €8.7m | €8.7m | = |
| Participating interests280 | - | - | - | €8.7m | €8.7m | €8.7m | €8.7m | = |
| Current assets29/58 | €1.5m | €4.2m | €5.1m | €5.1m | €4.9m | €5.1m | €5.7m | ▲ 10.8% |
| Amounts receivable within one year40/41 | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | €0.9m | €1.1m | ▲ 13.9% |
| Trade receivables40 | - | - | - | €450 | €0.03m | €0.008m | €0.02m | ▲ 94.8% |
| Other amounts receivable41 | - | - | - | €0.8m | €0.8m | €0.9m | €1.1m | ▲ 13.2% |
| Current investments50/53 | - | €3.3m | €4.1m | €4.1m | €3.8m | €4.1m | €3.8m | ▼ 9.1% |
| Other investments51/53 | - | - | - | €4.1m | €3.8m | €4.1m | €3.8m | ▼ 9.1% |
| Cash at bank and in hand54/58 | €0.6m | €0.1m | €0.2m | €0.2m | €0.2m | €0.06m | €0.9m | ▲ 1,356% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.002m | €0.002m | €0.001m | ▼ 18.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €10.2m | €12.9m | €13.8m | €13.8m | €13.6m | €13.8m | €14.4m | ▲ 4.6% |
| Equity10/15 | €9.6m | €9.5m | €9.6m | €9.6m | €9.3m | €9.4m | €9.7m | ▲ 2.6% |
| Contributions10/11 | €8.7m | €0 | - | €8.7m | €8.7m | €8.7m | €8.7m | = |
| Reserves13 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Reserves not available under the articles1311 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Profit (loss) carried forward14 | €0.9m | €0.8m | €0.9m | €0.9m | €0.6m | €0.7m | €1.0m | ▲ 33.6% |
| Amounts payable17/49 | €0.5m | €3.5m | €4.2m | €4.3m | €4.3m | €4.4m | €4.7m | ▲ 9.0% |
| Amounts payable after more than one year17 | €0.06m | €0.04m | €0.03m | €0.01m | - | - | - | - |
| Financial debts170/4 | - | - | - | €0.01m | - | - | - | - |
| Credit institutions173 | - | - | - | €0.01m | - | - | - | - |
| Amounts payable within one year42/48 | €0.5m | €3.4m | €4.2m | €4.2m | €4.3m | €4.3m | €4.7m | ▲ 9.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | €0.01m | - | - | - |
| Trade debts44 | €0.01m | €0.007m | €0.008m | €0.004m | €0.01m | €0.009m | €0.006m | ▼ 31.2% |
| Suppliers440/4 | - | - | - | €0.004m | €0.01m | €0.009m | €0.006m | ▼ 31.2% |
| Taxes, remuneration and social security45 | - | - | - | €340 | €0.001m | €325 | - | - |
| Taxes450/3 | - | - | - | €340 | €0.001m | €325 | - | - |
| Other amounts payable47/48 | - | - | - | €4.2m | €4.3m | €4.3m | €4.7m | ▲ 9.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.02m | €0.001m | €0.001m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,116 | -€177,720 | €117,168 | €3,373 | -€285,780 | €153,789 | €247,354 | ▲ 60.8% |
| + Depreciation and write-downs630 | €12,227 | €14,795 | €13,952 | €15,757 | €20,424 | €6,472 | €25,481 | ▲ 294% |
| Operating cash flow (approximation) | €17,344 | -€162,926 | €131,120 | €19,131 | -€265,356 | €160,261 | €272,835 | ▲ 70.2% |
| Investment in fixed assets (approximation) | - | €0 | -€2,212 | -€26,398 | €0 | €0 | -€108,316 | - |
| Change in cash | - | -€462,282 | €98,169 | -€52,678 | €10,869 | -€141,574 | €800,712 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | unclassified schema | 30-08-2025 | 2025-00486189 |
| 31-12-2023 | unclassified schema | 30-08-2024 | 2024-00455003 |
| 31-12-2022 | unclassified schema | 07-08-2023 | 2023-00323358 |
| 31-12-2021 | unclassified schema | 01-08-2022 | 2022-20264447 |
| 31-12-2020 | unclassified schema | 23-09-2021 | 2021-68300547 |
| 31-12-2019 | full format | 29-10-2020 | 2020-66400129 |
| 31-12-2018 | full format | 29-08-2019 | 2019-55000065 |
| 31-12-2017 | full format | 07-09-2018 | 2018-62900352 |
| 31-12-2016 | full format | 22-08-2017 | 2017-48100402 |
| 31-12-2015 | full format | 20-02-2017 | 2017-04700325 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.