BELGARDEN
ActiveSummary
BELGARDEN has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54k and a net result of €18k. Equity is shrinking by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 60% of 4486 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▲+8
Solvency75▲+14
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.5 against 1.05 in 2024; short-term debt: 46% and cash: 49.8% of total assets), and 49.7% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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 2025Solvency, return and age of the figures
Solvency
50.3%
Return on assets
17.1%
Age of the figures
9 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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
1 d early
2023
2 d early
2022
20 d late
2021
61 d late
2020
16 d late
2019
56 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, micro schema
Equity
€54k▲ 26.6%
2024 · €42k
2018: €53k
2019: €63k
2020: €71k
2021: €38k
2022: €47k
2023: €50k
2024: €42k
2018 → 2025
Total assets
€106k▼ 9.5%
2024 · €118k
2018: €207k
2019: €181k
2020: €230k
2021: €154k
2022: €152k
2023: €130k
2024: €118k
2018 → 2025
Net result
€18k▲ 43.7%
2024 · €13k
2018: €37k
2019: €10k
2020: €8k
2021: €-33k
2022: €9k
2023: €2k
2024: €13k
2018 → 2025
Working capital
€24k▲ 541%
2024 · €4k
2018: €43k
2019: €34k
2020: €5k
2021: €5k
2022: €12k
2023: €8k
2024: €4k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€38k-€47k▲ 23.9%€50k▲ 4.5%€42k▼ 14.7%€54k▲ 26.6%
Operating result€-31k-€10k€3k▼ 70.0%€15k▲ 385%€25k▲ 68.6%
Net result€-33k-€9k€2k▼ 76.6%€13k▲ 493%€18k▲ 43.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 69% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €106k
Fixed assets
€33k ▼ 16.8%
Current assets
€73k ▼ 5.7%
Equity and liabilities €106k
Equity
€54k ▲ 26.6%
Debt
€53k ▼ 29.8%
Debt's share of the balance-sheet total falls from 64.0% to 49.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€34k▲
2024 · €24k
Cash flow
€28k▲
2024 · €22k
Current ratio
1.50▲
2024 · 1.05
Debt to equity
0.99▼
2024 · 1.78
ROE
34.1%▲
2024 · 30.0%
ROA
17.1%▲
2024 · 10.8%
Interest coverage
51.20▲
2024 · 11.60
Debt ≤ 1 year
€49k▼
2024 · €74k
Income taxes
€6k▲
2024 · €750
Staff costs
€111k▼
2024 · €137k
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€118k€106k▼
Fixed assets21/28€40k€33k▼
Tangible fixed assets22/27€40k€33k▼
Plant, machinery and equipment23€40k€33k▼
Current assets29/58€78k€73k▼
Amounts receivable within one year40/41€5k€15k▲
Trade receivables40€2k€12k▲
Other amounts receivable41€3k€3k▲
Cash at bank and in hand54/58€64k€53k▼
Deferred charges and accrued income490/1€8k€5k▼
Equity and liabilities
Total equity and liabilities10/49€118k€106k▼
Equity10/15€42k€54k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€16k€25k▲
Distributable reserves133€16k€25k▲
Profit (loss) carried forward14€7k€10k▲
Amounts payable17/49€75k€53k▼
Amounts payable after more than one year17€1k-
Financial debts170/4€1k-
Amounts payable within one year42/48€74k€49k▼
Current portion of amounts payable after more than one year42€12k€5k▼
Trade debts44€13k€10k▼
Suppliers440/4€13k€10k▼
Advances received on contracts in progress46€2k€500▼
Taxes, remuneration and social security45€24k€18k▼
Taxes450/3€9k€10k▲
Remuneration and social security454/9€15k€8k▼
Other amounts payable47/48€24k€16k▼
Accrued charges and deferred income492/3-€4k
Income statement
Code20242025
Remuneration, social security and pensions62€137k€111k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▼
Other operating charges640/8€1k€840▼
Gross operating margin9900€162k€146k▼
Operating profit (loss)9901€15k€25k▲
Financial income75/76B€961€15▼
Recurring financial income75€961€15▼
Financial charges65/66B€2k€665▼
Recurring financial charges65€2k€665▼
Profit (loss) for the period before taxes9903€13k€24k▲
Income taxes67/77€750€6k▲
Profit (loss) for the period9904€13k€18k▲
Profit (loss) for the period to be appropriated9905€13k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€26k▲
Profit (loss) brought forward from the previous period14P€2k€7k▲
Transfer from equity791/2€20k€7k▼
Transfer to equity691/2€8k€16k▲
To other reserves6921€8k€16k▲
Profit to be distributed694/7€20k€7k▼
Return on contributions (dividend)694€20k€7k▼
The notes to these accounts (6 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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 20 days late
2022
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Weakest financial yearnet €-33k ▼496%
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
09-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 70 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Grez-Doiceau · 1 establishment unit since 2012
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 Célestin Cherpion 251390 Grez-DoiceauGround area
1,554 m²
Building footprint
106 m²
Volume, LiDAR
738 m³
Parcel 25012A0145/00K003, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Célestin Cherpion 25, 1390 Grez-Doiceau
since 20122.210.269.120
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25012A0145/00K003 | Wallonia | 1,554 m² | 1 · 106 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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CUYPSERVICES
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DE BRANCHE EN BRANCHE
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GreenEye
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Of 21,216 companies in sector 81300 we hold annual accounts for 4,362. 3,619 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
Founded04-06-2012
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
43120Site preparation
47761Retail sale of flowers, plants, seeds and fertilisers
71113Urban planning and landscape architecture
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.