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BelGaN Leasing

Active
Westerring 15 ·9700 Oudenaarde, Belgium
KBO/BCE: BE 0477.822.196
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Age24 yrs
Board6
Real estate1 parcel · 4.4 ha

Summary

Conclusion

the dossier summarised in one paragraph

The KBO register records legal situation 050 for BelGaN Leasing (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €11.90M and a net result of €969k.

Based on the State Gazette, CBE and 6 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Signals

2 signals · with evidence
Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 94% of 64 peers (2023). A comfortable equity buffer.
View the sector comparison
Consistently profitable
Positive net result in the two most recent financial years (2022 and 2023).
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 24-06-2024, 37 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 24-06-2024 37 d early 2024-00159783
31-12-2022 31-07-2023 01-06-2023 60 d early 2023-00102045
31-12-2021 31-07-2022 25-05-2022 67 d early 2022-20034812
31-12-2020 31-07-2021 11-05-2021 81 d early 2021-14200069
31-12-2019 31-07-2020 18-05-2020 74 d early 2020-12600024
31-12-2018 31-07-2019 15-05-2019 77 d early 2019-13500570
31-12-2017 31-07-2018 15-05-2018 77 d early 2018-13100045
31-12-2016 31-07-2017 12-05-2017 80 d early 2017-12300096
31-12-2015 31-07-2016 26-05-2016 66 d early 2016-13500264
31-12-2014 31-07-2015 28-05-2015 64 d early 2015-13900378

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

1 signal
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

Turnover€1.04M+0.4%
EBIT margin129.4%+42.3pp
Net result€969k+37.4%
Working capital€8.60M-27.9%

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 24-06-2024 with the NBB · fiscal year 2023 · volledig
€0€5.00M€10.00MRevenue 2019: €1.77M€1.77MOperating result 2019: €1.76M€1.76MNet result 2019: €9.85M€9.85MRevenue 2020: €1.55M€1.55MOperating result 2020: €1.41M€1.41MNet result 2020: €10.58M€10.58MRevenue 2021: €1.22M€1.22MOperating result 2021: €658k€658kNet result 2021: €710k€710kRevenue 2022: €1.04M€1.04MOperating result 2022: €903k€903kNet result 2022: €705k€705kRevenue 2023: €1.04M€1.04MOperating result 2023: €1.35M€1.35MNet result 2023: €969k€969k20192020202120222023
RevenueOperating resultNet result
Sector comparison
Fiscal year 2023 · NACE 77, Renting & leasing · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 96.3% 36.4%
better than 94% of 64 sector peers
Net result €969k €13k
better than 91% of 64 sector peers
Equity €11.90M €166k
better than 94% of 64 sector peers
Total assets €12.35M €962k
better than 90% of 64 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P94
2021: P95 · n=382022: P91 · n=542023: P94 · n=642021 2023
Stable position over 2021-2023 · n=38-64
Net result P91
2021: P86 · n=382022: P85 · n=542023: P91 · n=642021 2023
Stable position over 2021-2023 · n=38-64
Equity P94
2021: P94 · n=382022: P93 · n=542023: P94 · n=642021 2023
Stable position over 2021-2023 · n=38-64
Total assets P90
2021: P87 · n=382022: P83 · n=542023: P90 · n=642021 2023
Stable position over 2021-2023 · n=38-64
Describes the position versus peers, not a forecast.
Revenue
€1.04M
+0.4% 18-23
Net profit
€969k
+37.4% 18-23
Total assets
€12.35M
-6.1% 18-23
Equity
€11.90M
-0.3% 18-23
Working capital
€8.60M
-27.9% 18-23
Income taxes
€353k
+46.8% 18-23
Dividends
€1.00M
0.0% 18-23
Debt
€455k
-62.8% 18-23
Debt ≤ 1y
€455k
-62.8% 18-23
Current ratio
19.90
+84.8% 18-23
Quick ratio
19.90
+84.8% 18-23
Solvency
96.3%
+6.2% 18-23
Debt / equity
0.04
-62.7% 18-23
ROE
8.1%
+37.8% 18-23
ROA
7.8%
+46.3% 18-23
Net margin
93.0%
+36.9% 18-23
Figures by fiscal year
Fiscal year2023
Depositvolledig
Revenue€1.04M
EBITDA-
Net profit€969k
Cash flow-
Staff costs-
Income taxes€353k
Dividends€1.00M
Total assets€12.35M
Equity€11.90M
Debt€455k
of which ≤ 1y€455k
of which > 1y-
Working capital€8.60M
Employees (FTE)-
Ratios (computed)
2023
Current ratio19.90
Quick ratio19.90
Working capital ratio69.6%
Solvency96.3%
Debt / equity0.04
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin93.0%
ROA7.8%
ROE8.1%
EBITDA margin-
Days sales outstanding1647d
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€12.35M
Fixed assets 21/28€3.30M
Financial fixed assets 28€3.30M
Current assets 29/58€9.05M
Amounts receivable within one year 40/41€4.70M
Cash & bank 54/58€465k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€12.35M
Equity 10/15€11.90M
Contributions / capital 10/11€7.92M
Reserves 13€887k
Accumulated profits (losses) 14€3.08M
Amounts payable 17/49€455k
Amounts payable within one year 42/48€455k
Trade debts payable within one year 44€15k
Income statement
Turnover 70€1.04M
Operating result 9901€1.35M
Financial income 75€8k
Financial charges 65€34k
Result before taxes 9903€1.32M
Income taxes 67/77€353k
Net result for the period 9904€969k
Result to be appropriated 9905€969k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
23 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023 and the legal situation the KBO register itself records. Indicative, not credit advice.

Directors

Directors & mandates

9 directors
Current directors & mandates
  • Peter Vandewalle
    Permanente vertegenwoordiger
    State Gazette act 24015196 (24-01-2024)
    Current
    24-01-2024 → present
  • VGD Bedrijfsrevisoren BVLegal entity
    Commisaris
    State Gazette act 24015196 (24-01-2024)
    Current
    24-01-2024 → present
  • Rob Willems
    Algemeen directeur
    State Gazette act 22041576 (30-03-2022)
    Current
    30-03-2022 → present
  • BelGaN Group
    Niet statutaire bestuurder
    State Gazette act 22312806 (23-02-2022)
    Current
    23-02-2022 → present
  • VAN PARYS Athina
    Niet statutaire bestuurder
    State Gazette act 22312806 (23-02-2022)
    Current
    23-02-2022 → present
  • ZHOU Zhen Hong
    Niet statutaire bestuurder
    State Gazette act 22312806 (23-02-2022)
    Current
    23-02-2022 → present
Former directors (3)
  • Robertus Willems
    Persoon belast met het dagelijks bestuur
    State Gazette act 25034207 (11-03-2025)
    Former
    - → 11-03-2025
  • Marc Dierickx
    Director
    State Gazette act 20076750 (07-07-2020)
    Former
    07-06-2017 → 30-03-2022
    3 events
    • 30-03-2022 Resigned· Director
    • 07-07-2020 Appointed· Director
    • 07-06-2017 Appointed· Manager
  • DIERICKX Marc Edgard Alfons
    Director
    State Gazette act 22312806 (23-02-2022)
    Former
    - → 23-02-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Statutory auditor

4 auditors
Statutory auditor IRE/IBR number Tenure
Jean-Michel Dalle
Statutory auditor
 - - → 18-09-2015
Peter Vandewalle
Commissaris revisor
succeeded by VGD Bedrijfsrevisoren burg. CVBA in 2017
 - 18-09-2015 → 07-06-2017
Tony Moreels
Statutory auditor
succeeded by VGD Bedrijfsrevisoren burg. CVBA in 2017
 - 18-09-2015 → 07-06-2017
VGD Bedrijfsrevisoren burg. CVBA
Commissaris revisor
 - 07-06-2017 → 07-06-2017
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Verhuur en lease van andere machines en werktuigen en andere materiële goederen(77399)
Legal form Private limited company(610)
Incorporation25-06-2002
StatusActive
Postal code9700

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
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.

Westerring 159700 Oudenaarde

Establishment units

1 location
Westerring 15, 9700 Oudenaarde
de verhuur en de operationele leasing van machines en installaties voor de burgerlijke en utiliteitsbouw en voor de weg- en waterbouw, zonder bedieningspersoneel(kranen,betonmolens, enz.)
since 20032.127.216.730
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area4.4 ha
Buildings1
Building footprint1.6 ha
Volume (LiDAR)170,230 m³
Tallest building22.2 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
45508A0128/00F000 Flanders 4.4 ha 1 · 1.6 ha 22.2 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals found in the Belgian State Gazette. The KBO register does record a special legal situation for this company, so do not read this as a clean bill of health.

Belgisch Staatsblad · acts

10 acts
All acts · 10 updated 1 year ago
2025
11-03-2025 Robertus Willems resigns as persoon belast met het dagelijks bestuur Director changes
  • Robertus Willems, Persoon belast met het dagelijks bestuur
Summary: v3.2
2024
24-01-2024 2 directors appointed Director changes
  • VGD Bedrijfsrevisoren BV, Commisaris
  • Peter Vandewalle, Permanente vertegenwoordiger
Summary: v3.2
2022
16-06-2022 Publication in the Belgian Official Gazette, Miscellaneous Miscellaneous·ONDERNEMINGSRECHTBANK GENT
Summary: otherNotary: ONDERNEMINGSRECHTBANK GENT · Gent
30-03-2022 1 director appointed, 1 resigning Director changes
  • Rob Willems, Algemeen directeur
  • Marc Dierickx, Bestuurder
Summary: v3.2
23-02-2022 3 directors appointed, 1 resigning Director changes
  • BelGaN Group, Niet statutaire bestuurder
  • ZHOU Zhen Hong, Niet statutaire bestuurder
  • VAN PARYS Athina, Niet statutaire bestuurder
  • DIERICKX Marc Edgard Alfons, Bestuurder
Summary: v3.2
2021
17-11-2021 Publication in the Belgian Official Gazette, Miscellaneous Miscellaneous·Frederika LENS
Summary: otherNotary: Frederika LENS · VilvoordeFirm: Frederika Lens & Jo Abbeloos
2020
07-07-2020 2 directors appointed Director changes
  • Marc Dierickx, Bestuurder
  • Peter Vandewalle, Commissaris revisor
Summary: v3.2
2017
07-06-2017 2 directors appointed Director changes
  • Marc Dierickx, Zaakvoerder
  • VGD Bedrijfsrevisoren burg. CVBA, Commissaris revisor
Summary: v3.2
2015
18-09-2015 2 directors appointed, 1 resigning Director changes
  • Tony Moreels, Commissaris
  • Peter Vandewalle, Commissaris
  • Jean-Michel Dalle, Commissaris
Summary: v3.2
2009
30-03-2009 Articles of association amended Statutes amendment
Summary: v3.2

Analysis

Snowflake analysis

financial profile on 5 axes
Health23Profitability70Solvency100Growth22Stability0
43 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 23
Profitability 70
Solvency 100
Growth 22
Stability 0

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Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 122 of the 1,184 companies in this sector. 16 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Verhuur en lease van andere machines en werktuigen en andere materiële goederen77399Verhuur en lease van andere machines en werktuigen en andere materiële goederen77399
Primary activity highlighted.
Names & trade names
Legal nameNL BelGaN Leasing
AbbreviationNL ON Leasing
Registered office
Westerring 15
9700 Oudenaarde, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.