BELGAZ

Active

Private limited companyfounded 20214 yrs activeLambermontlaan 127, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0777.599.609

The computed 12-month bankruptcy probability of BELGAZ is 1.8% (moderate). The 2024 annual accounts show negative equity (€-23k) and a net result of €-71k. Equity is shrinking by ~82.9% per year across the filed fiscal years. Its solvency ranks better than 9% of 20783 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

35 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability8▼-59

Solvency22▼-46

Growth32▼-20

Track record94

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.56 against 1.75 in 2023; short-term debt: 36.9% and cash: 3.5% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-2.7%

Return on assets

-8.5%

Age of the figures

21 mo

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

222324

2022 to 2024 · latest year €-23k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 3 filings

Deviation from the deadline

2025

not confirmed

2024

31 d late

2023

30 d late

2022

23 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-23k

2023 · €48k

2022: €34k 2023: €48k

2022 → 2024

Total assets

€831k▲ 642%

2023 · €112k

2022: €48k 2023: €112k

2022 → 2024

Net result

€-71k

2023 · €13k

2022: €29k 2023: €13k

2022 → 2024

Working capital

€-136k

2023 · €48k

2022: €34k 2023: €48k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€34k-€48k▲ 39.0%€-23k

Operating result€41k-€20k▼ 50.2%€-56k

Net result€29k-€13k▼ 54.4%€-71k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €56k after €20k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €831k

79.4%

20.6%

Fixed assets €660k▲ 1,033,240%

Current assets €171k▲ 52.9%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-28k

Cash flow

€-42k

Solvency

-2.7%▼

2023 · 42.8%

Current ratio

0.56▼

2023 · 1.75

Quick ratio

0.56▼

2023 · 1.75

Debt / equity

-37.63▼

2023 · 1.34

ROA

-8.5%▼

2023 · 12.0%

Interest coverage

-1.91

Debt

€854k▲

2023 · €64k

Debt ≤ 1 year

€307k▲

2023 · €64k

Debt > 1 year

€547k

Staff costs

€31k▲

2023 · €31k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€112k€831k▲

Fixed assets21/28€64€660k▲

Tangible fixed assets22/27-€660k

Land and buildings22-€624k

Furniture and vehicles24-€36k

Financial fixed assets28€64€64=

Current assets29/58€112k€171k▲

Amounts receivable within one year40/41€40k€142k▲

Trade receivables40€10k€32k▲

Other amounts receivable41€30k€110k▲

Cash at bank and in hand54/58€72k€29k▼

Equity and liabilities

Total equity and liabilities10/49€112k€831k▲

Equity10/15€48k€-23k▼

Contributions10/11€5k€5k=

Profit (loss) carried forward14€43k€-28k▼

Amounts payable17/49€64k€854k▲

Amounts payable after more than one year17-€547k

Financial debts170/4-€497k

Other amounts payable178/9-€50k

Amounts payable within one year42/48€64k€307k▲

Current portion of amounts payable after more than one year42-€34k

Trade debts44€25k€27k▲

Suppliers440/4€25k€27k▲

Taxes, remuneration and social security45€40k€33k▼

Taxes450/3€24k€14k▼

Remuneration and social security454/9€16k€19k▲

Other amounts payable47/48-€213k

Income statement Code20232024

Remuneration, social security and pensions62€31k€31k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€29k

Other operating charges640/8-€89k

Gross operating margin9900€51k€93k▲

Operating profit (loss)9901€20k€-56k▼

Financial charges65/66B€107€14k▲

Recurring financial charges65€107€14k▲

Profit (loss) for the period before taxes9903€20k€-71k▼

Income taxes67/77€7k-

Profit (loss) for the period9904€13k€-71k▼

Profit (loss) for the period to be appropriated9905€13k€-71k▼

Appropriation of the result

Profit (loss) to be appropriated9906€43k€-28k▼

Profit (loss) brought forward from the previous period14P€29k€43k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

2025

31-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 31 days late

2024

31-12

Financial Weakest financial yearnet €-71k ▼625%

Net result drops to €-71k, the lowest in the series.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

23-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 23 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Schaarbeek · 2 establishment units since 2022

establishment All 2 establishment units on the map

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.

Lambermontlaan 1271030 Schaarbeek

Ground area

469 m²

Building footprint

325 m²

Volume, LiDAR

3,563 m³

2 parcels, Brussels, Flanders · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.

2 establishment units

BELGAZ

Lambermontlaan 127, 1030 SchaarbeekGeneral construction of buildings

since 20222.325.675.265

Blaisantvest 105, 9000 Gent

Other professional, scientific and technical activities

since 20222.325.675.562

2 parcels

Flanders 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44807G0155/14N006	Flanders	301 m²	1 · 183 m²	13.1 m · 3 fl.
21902A0423/00R011	Brussels	168 m²	1 · 141 m²	17.4 m · 5 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 29,995 companies in sector 62200 we hold annual accounts for 18,391. 15,303 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded23-11-2021

Fiscal year end31-12

Activities, NACEBEL

62020IT consultancy

62200Computer consultancy and computer facilities management

70200Business and other management consultancy

70220Business consulting

74909Other professional, scientific and technical activities

74999Other professional, scientific and technical activities

82990Other business support services

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.