BELGEST
ActiveSummary
BELGEST has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,255 and a net result of -€380. Equity is shrinking by ~3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37=
Solvency43=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.61 in 2024; short-term debt: 27.9% and cash: 0% of total assets), but 82.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · 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 2025Solvency, return and age of the figures
Solvency
17.8%
Return on assets
-0.4%
Age of the figures
9 mo
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
47 d late
2023
27 d late
2022
18 d late
2021
58 d early
2020
61 d late
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 16 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 18 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€380▼ 444%
2024 · -€70
Working capital
€16,172▼ 4.6%
2024 · €16,952
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€3,930-€232▲ 94.1%-€64▲ 72.6%-€64▼ 0.3%-€214▼ 235%
Net result-€3,970-€298▲ 92.5%-€112▲ 62.5%-€70▲ 37.4%-€380▼ 444%
Equity€19,115▼ 17.2%€18,817▼ 1.6%€18,705▼ 0.6%€18,635▼ 0.4%€18,255▼ 2.0%
Total assets€96,579▼ 1.6%€101,662▲ 5.3%€102,464▲ 0.8%€102,393▼ 0.1%€102,430=
Debt€77,464▲ 3.2%€82,845▲ 6.9%€83,759▲ 1.1%€83,758=€84,175▲ 0.5%
Working capital€19,341▼ 14.1%€17,896▼ 7.5%€17,022▼ 4.9%€16,952▼ 0.4%€16,172▼ 4.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €214 in 2025 against €64 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102,430
Fixed assets
€57,683 =
Current assets
€44,748 ▲ 0.1%
Equity and liabilities €102,430
Equity
€18,255 ▼ 2.0%
Debt
€84,175 ▲ 0.5%
Debt's share of the balance-sheet total rises from 81.8% to 82.2%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.57▼
2024 · 1.61
Debt to equity
4.61▲
2024 · 4.49
ROE
-2.1%▼
2024 · -0.4%
ROA
-0.4%▼
2024 · -0.1%
Debt ≤ 1 year
€28,575▲
2024 · €27,758
Debt > 1 year
€55,600▼
2024 · €56,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Gross operating margin9900 | -€3,930 | -€232 | -€64 | -€64 | -€214 | ▼ 235% |
| Operating profit (loss)9901 | -€3,930 | -€232 | -€64 | -€64 | -€214 | ▼ 235% |
| Financial charges65/66B | €40 | €66 | €48 | €6 | €167 | ▲ 2,652% |
| Recurring financial charges65 | €40 | €66 | €48 | €6 | €167 | ▲ 2,652% |
| Profit (loss) for the period before taxes9903 | -€3,970 | -€298 | -€112 | -€70 | -€380 | ▼ 444% |
| Profit (loss) for the period9904 | -€3,970 | -€298 | -€112 | -€70 | -€380 | ▼ 444% |
| Profit (loss) for the period to be appropriated9905 | -€3,970 | -€298 | -€112 | -€70 | -€380 | ▼ 444% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €96,579 | €101,662 | €102,464 | €102,393 | €102,430 | = |
| Fixed assets21/28 | €49,774 | €56,921 | €57,683 | €57,683 | €57,683 | = |
| Financial fixed assets28 | €49,774 | €56,921 | €57,683 | €57,683 | €57,683 | = |
| Current assets29/58 | €46,805 | €44,741 | €44,781 | €44,710 | €44,748 | ▲ 0.1% |
| Amounts receivable after more than one year29 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Other amounts receivable291 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Amounts receivable within one year40/41 | €2,100 | €0 | €0 | €0 | €0 | - |
| Trade receivables40 | €2,100 | €0 | €0 | €0 | €0 | - |
| Cash at bank and in hand54/58 | €6 | €42 | €82 | €11 | €49 | ▲ 348% |
| Deferred charges and accrued income490/1 | €24,699 | €24,699 | €24,699 | €24,699 | €24,699 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €96,579 | €101,662 | €102,464 | €102,393 | €102,430 | = |
| Equity10/15 | €19,115 | €18,817 | €18,705 | €18,635 | €18,255 | ▼ 2.0% |
| Contributions10/11 | €26,500 | €26,500 | €26,500 | €26,500 | €26,500 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€9,385 | -€9,683 | -€9,795 | -€9,865 | -€10,245 | ▼ 3.9% |
| Amounts payable17/49 | €77,464 | €82,845 | €83,759 | €83,758 | €84,175 | ▲ 0.5% |
| Amounts payable after more than one year17 | €50,000 | €56,000 | €56,000 | €56,000 | €55,600 | ▼ 0.7% |
| Other amounts payable178/9 | €50,000 | €56,000 | €56,000 | €56,000 | €55,600 | ▼ 0.7% |
| Amounts payable within one year42/48 | €27,464 | €26,845 | €27,759 | €27,758 | €28,575 | ▲ 2.9% |
| Trade debts44 | €2,737 | €765 | €829 | €654 | €914 | ▲ 39.7% |
| Suppliers440/4 | €2,737 | €765 | €829 | €654 | €914 | ▲ 39.7% |
| Other amounts payable47/48 | €24,727 | €26,080 | €26,930 | €27,104 | €27,662 | ▲ 2.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,970 | -€298 | -€112 | -€70 | -€380 | ▼ 444% |
| Operating cash flow (approximation) | -€3,970 | -€298 | -€112 | -€70 | -€380 | ▼ 444% |
| Investment in fixed assets (approximation) | - | -€7,147 | -€762 | €0 | €0 | - |
| Change in cash | - | €36 | €40 | -€72 | €38 | ▲ 153% |
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
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 47 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 27 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema · 18 days late
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-12
Financial
Weakest financial yearnet -€3,970
Net result drops to -€3,970, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
31-12
Financial
Highest result since 2018net €513 ▲283%
Operating result €569, net result €513, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 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, Amel · 1 establishment unit since 2008
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.
Medell,Deller Weg 1674770 Amel1 establishment unit
BELGEST
since 20082.172.866.217
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
33%
According to the 2025 annual accounts of BELGEST and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded01-09-2008
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806098605
Also
9925:BE0806098605
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.