BELGIKASH
ActiveSummary
The computed 12-month bankruptcy probability of BELGIKASH is 1.8% (moderate). The 2024 annual accounts show equity of €11,108 and a net result of €4,023. Equity is growing by ~56.8% per year across the filed fiscal years. Its solvency ranks better than 89% of 6719 sector peers (fiscal year 2024). The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+3
Solvency100▲+34
Growth85=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 5.63 against 1.37 in 2023; short-term debt: 16.5% and cash: 81.2% of total assets), and 16.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
83.5%
Return on assets
30.2%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-03-2026, 231 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
231 d late
2023
403 d late
2022
303 d late
2021
6 d early
2020
2 d early
2019
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 159 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€57,917▲ 27.7%
2022 · €45,357
EBIT margin
11.3%▲ 11.4pp
2022 · -0.1%
Net result
€4,023▼ 33.3%
2023 · €6,032
Working capital
€10,170▲ 167%
2023 · €3,809
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
Line20202021202220232024
Turnover€30,484€45,357▲ 48.8%€57,917▲ 27.7%
Operating result€1▼ 98.9%-€3,520-€53▲ 98.5%€6,532€4,539▼ 30.5%
Net result€1▼ 98.9%-€3,520-€326▲ 90.7%€6,032€4,023▼ 33.3%
EBIT margin-11.5%-0.1%▲ 11.4pp11.3%▲ 11.4pp
Equity€947▲ 0.1%€6,379▲ 573%€6,053▼ 5.1%€7,085▲ 17.0%€11,108▲ 56.8%
Total assets€11,169▼ 39.1%€7,639▼ 31.6%€21,575▲ 182%€17,483▼ 19.0%€13,305▼ 23.9%
Debt€10,221▼ 41.3%€1,260▼ 87.7%€15,522▲ 1,132%€10,398▼ 33.0%€2,197▼ 78.9%
Working capital-€843-€1,169▼ 38.6%€3,809€10,170▲ 167%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 31% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €13,305
Equity
€11,108 ▲ 56.8%
Debt
€2,197 ▼ 78.9%
Debt's share of the balance-sheet total falls from 59.5% to 16.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,049▼
2023 · €10,479
Cash flow
€7,534▼
2023 · €9,978
Current ratio
5.63▲
2023 · 1.37
Debt to equity
0.20▼
2023 · 1.47
ROE
36.2%▼
2023 · 85.1%
ROA
30.2%▼
2023 · 34.5%
Interest coverage
36.57▼
2023 · 46.51
Debt ≤ 1 year
€2,197▼
2023 · €10,398
Income taxes
€295
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €30,484 | €45,357 | €57,917 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €29,711 | €44,791 | €46,479 | €45,033 | ▼ 3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,946 | €3,946 | - | €3,946 | €3,511 | ▼ 11.0% |
| Other operating charges640/8 | - | €348 | €619 | €959 | €1,002 | ▲ 4.4% |
| Gross operating margin9900 | €4,294 | €774 | €566 | €11,438 | €9,051 | ▼ 20.9% |
| Operating profit (loss)9901 | €1 | -€3,520 | -€53 | €6,532 | €4,539 | ▼ 30.5% |
| Financial income75/76B | - | - | - | €37 | - | - |
| Recurring financial income75 | - | - | - | €37 | - | - |
| Financial charges65/66B | - | - | €273 | €537 | €220 | ▼ 59.0% |
| Recurring financial charges65 | - | - | €77 | €225 | €220 | ▼ 2.3% |
| Non-recurring financial charges66B | - | - | €196 | €312 | - | - |
| Profit (loss) for the period before taxes9903 | €1 | -€3,520 | -€326 | €6,032 | €4,318 | ▼ 28.4% |
| Income taxes67/77 | - | - | - | - | €295 | - |
| Profit (loss) for the period9904 | €1 | -€3,520 | -€326 | €6,032 | €4,023 | ▼ 33.3% |
| Profit (loss) for the period to be appropriated9905 | €1 | -€3,520 | -€326 | €6,032 | €4,023 | ▼ 33.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11,169 | €7,639 | €21,575 | €17,483 | €13,305 | ▼ 23.9% |
| Formation expenses20 | - | - | - | - | €938 | - |
| Fixed assets21/28 | €11,169 | €7,222 | €7,222 | €3,276 | - | - |
| Tangible fixed assets22/27 | €11,169 | €7,222 | €7,222 | €3,276 | - | - |
| Furniture and vehicles24 | - | €7,222 | €7,222 | €3,276 | - | - |
| Current assets29/58 | - | €417 | €14,353 | €14,207 | €12,367 | ▼ 12.9% |
| Amounts receivable within one year40/41 | - | €296 | €552 | €1,219 | €984 | ▼ 19.3% |
| Other amounts receivable41 | - | €296 | €552 | €1,219 | €984 | ▼ 19.3% |
| Cash at bank and in hand54/58 | - | €121 | €13,801 | €12,317 | €10,798 | ▼ 12.3% |
| Deferred charges and accrued income490/1 | - | - | - | €670 | €585 | ▼ 12.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11,169 | €7,639 | €21,575 | €17,483 | €13,305 | ▼ 23.9% |
| Equity10/15 | €947 | €6,379 | €6,053 | €7,085 | €11,108 | ▲ 56.8% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | - | - |
| Capital10 | - | €6,197 | €6,197 | €6,197 | - | - |
| Issued capital100 | - | €18,592 | €18,592 | €6,197 | - | - |
| Uncalled capital101 | - | €12,395 | €12,395 | - | - | - |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €8,057 | ▲ 333% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | - | - |
| Legal reserve130 | - | €1,859 | €1,859 | €1,859 | - | - |
| Distributable reserves133 | - | - | - | - | €8,057 | - |
| Profit (loss) carried forward14 | -€7,109 | -€1,678 | -€2,003 | -€972 | €3,052 | ▲ 414% |
| Amounts payable17/49 | €10,221 | €1,260 | €15,522 | €10,398 | €2,197 | ▼ 78.9% |
| Amounts payable within one year42/48 | €10,221 | €1,260 | €15,522 | €10,398 | €2,197 | ▼ 78.9% |
| Trade debts44 | - | - | €1,249 | €1,061 | €2,197 | ▲ 107% |
| Suppliers440/4 | - | - | €1,249 | €1,061 | €2,197 | ▲ 107% |
| Taxes, remuneration and social security45 | - | €1,260 | €1,632 | - | - | - |
| Remuneration and social security454/9 | - | €1,260 | €1,632 | - | - | - |
| Other amounts payable47/48 | - | - | €12,641 | €9,336 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1 | -€3,520 | -€326 | €6,032 | €4,023 | ▼ 33.3% |
| + Depreciation and write-downs630 | €3,946 | €3,946 | - | €3,946 | €3,511 | ▼ 11.0% |
| Operating cash flow (approximation) | €3,947 | €426 | -€326 | €9,978 | €7,534 | ▼ 24.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | - | €13,680 | -€1,484 | -€1,519 | ▼ 2.4% |
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
2026
19-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 231 days late
2025
07-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 403 days late
2024
31-12
Financial
Liquidity quadruplescurrent ratio 5.63
Current ratio from 1.37 to 5.63; short-term debt falls from €10,398 to €2,197.
29-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 303 days late
2023
31-12
Financial
Back to profitnet €6,032
Net result €6,032 after 2 loss-making years.
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€3,520
Net result drops to -€3,520, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 24 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 22 days late
2018
19-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 19 days late
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1 day late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Anderlecht · 1 establishment unit since 1995
Ground area
197 m²
Building footprint
133 m²
Volume, LiDAR
1,211 m³
2 parcels, Brussels · tallest building 18.2 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Emile Bockstaellaan 342, 1020 Brussel
since 19952.071.719.763
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816C0233/00S005 | Brussels | 134 m² | 1 · 83 m² | 18.2 m · 4 fl. |
| 21308H0664/00L006 | Brussels | 62 m² | 1 · 51 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,684 companies in sector 49330 we hold annual accounts for 2,297. 1,966 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-02-1995
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454548928
Also
9925:BE0454548928
Registered
31-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.