BELGITECH
ActiveSummary
The computed 12-month bankruptcy probability of BELGITECH is 2.1% (moderate). The 2024 annual accounts show equity of €12,523 and a net result of €61,680. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 35% of 26049 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency41▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 0.86 in 2023; short-term debt: 84.3% and cash: 71.8% of total assets), and 84.3% of the assets are financed with debt.
Credit check for your own amount and term
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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
15.7%
Return on assets
77.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
29 d early
2022
42 d late
2021
12 d late
2020
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 3 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€12,523=
2023 · €12,523
Total assets
€79,899▲ 17.2%
2023 · €68,145
Net result
€61,680▲ 257%
2023 · €17,300
Working capital
€2,290
2023 · -€7,713
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€3,239-€1,602▼ 50.6%€5,933▲ 270%€23,961▲ 304%€74,908▲ 213%
Net result€2,128within the sector's middle half--€714within the sector's middle half€3,109within the sector's middle half€17,300within the sector's middle half▲ 456%€61,680above the sector's middle half▲ 257%
Equity€10,128within the sector's middle half-€9,414within the sector's middle half▼ 7.1%€12,523within the sector's middle half▲ 33.0%€12,523within the sector's middle half=€12,523within the sector's middle half=
Total assets€54,043below the sector's middle half-€49,911below the sector's middle half▼ 7.6%€52,600below the sector's middle half▲ 5.4%€68,145within the sector's middle half▲ 29.6%€79,899within the sector's middle half▲ 17.2%
Debt€43,915-€40,497▼ 7.8%€40,078▼ 1.0%€55,622▲ 38.8%€67,376▲ 21.1%
Working capital-€8,583within the sector's middle half--€5,207within the sector's middle half▲ 39.3%-€3,530within the sector's middle half▲ 32.2%-€7,713within the sector's middle half▼ 119%€2,290within the sector's middle half
Solvency18.7%within the sector's middle half-18.9%within the sector's middle half▲ 0.1pp23.8%within the sector's middle half▲ 4.9pp18.4%within the sector's middle half▼ 5.4pp15.7%within the sector's middle half▼ 2.7pp
Current ratio0.57below the sector's middle half-0.79below the sector's middle half▲ 0.220.89within the sector's middle half▲ 0.100.86within the sector's middle half▼ 0.031.03within the sector's middle half▲ 0.17
Return on assets (ROA)3.9%within the sector's middle half--1.4%within the sector's middle half▼ 5.4pp5.9%within the sector's middle half▲ 7.3pp25.4%above the sector's middle half▲ 19.5pp77.2%above the sector's middle half▲ 51.8pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 213% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €79,899
Fixed assets
€10,233 ▼ 49.8%
Current assets
€69,667 ▲ 45.9%
Equity and liabilities €79,899
Equity
€12,523 =
Debt
€67,376 ▲ 21.1%
Debt's share of the balance-sheet total rises from 81.6% to 84.3%. Debt is higher.
Key figures and ratios
EBITDA
€76,233▲
2023 · €31,400
Cash flow
€63,005▲
2023 · €24,740
Debt to equity
5.38▲
2023 · 4.44
ROE
492.5%▲
2023 · 138.1%
Interest coverage
283.65▲
2023 · 78.49
Debt ≤ 1 year
€67,376▲
2023 · €55,459
Income taxes
€12,959▲
2023 · €6,261
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 6,706 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,583 | €7,027 | €6,818 | €7,439 | €1,326 | ▼ 82.2% |
| Other operating charges640/8 | - | €1,355 | €1,462 | €1,479 | €976 | ▼ 34.0% |
| Gross operating margin9900 | €7,449 | €9,983 | €14,213 | €32,880 | €77,210 | ▲ 135% |
| Operating profit (loss)9901 | €3,239 | €1,602 | €5,933 | €23,961 | €74,908 | ▲ 213% |
| Recurring financial income75 | €422 | - | - | - | - | - |
| Financial charges65/66B | - | €556 | €560 | €400 | €269 | ▼ 32.8% |
| Recurring financial charges65 | €81 | €556 | €560 | €400 | €269 | ▼ 32.8% |
| Profit (loss) for the period before taxes9903 | €3,581 | €1,046 | €5,373 | €23,561 | €74,639 | ▲ 217% |
| Income taxes67/77 | €1,453 | €1,760 | €2,264 | €6,261 | €12,959 | ▲ 107% |
| Profit (loss) for the period9904 | €2,128 | -€714 | €3,109 | €17,300 | €61,680 | ▲ 257% |
| Profit (loss) for the period to be appropriated9905 | €2,128 | -€714 | €3,109 | €17,300 | €61,680 | ▲ 257% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €54,043 | €49,911 | €52,600 | €68,145 | €79,899 | ▲ 17.2% |
| Formation expenses20 | €209 | - | - | - | - | - |
| Fixed assets21/28 | €42,275 | €30,434 | €23,616 | €20,399 | €10,233 | ▼ 49.8% |
| Tangible fixed assets22/27 | €37,275 | €25,336 | €18,519 | €15,301 | €5,135 | ▼ 66.4% |
| Plant, machinery and equipment23 | - | - | - | - | €2,751 | - |
| Furniture and vehicles24 | - | €25,336 | €18,519 | €15,301 | €2,384 | ▼ 84.4% |
| Financial fixed assets28 | €5,000 | €5,098 | €5,098 | €5,098 | €5,098 | = |
| Current assets29/58 | €11,559 | €19,477 | €28,984 | €47,746 | €69,667 | ▲ 45.9% |
| Amounts receivable within one year40/41 | - | €7,472 | €17,399 | €5,072 | €1,693 | ▼ 66.6% |
| Trade receivables40 | - | €7,472 | €16,050 | - | - | - |
| Other amounts receivable41 | - | - | €1,348 | €5,072 | €1,693 | ▼ 66.6% |
| Cash at bank and in hand54/58 | €9,983 | €10,538 | €10,000 | €41,042 | €57,342 | ▲ 39.7% |
| Deferred charges and accrued income490/1 | - | €1,467 | €1,585 | €1,631 | €10,632 | ▲ 552% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €54,043 | €49,911 | €52,600 | €68,145 | €79,899 | ▲ 17.2% |
| Equity10/15 | €10,128 | €9,414 | €12,523 | €12,523 | €12,523 | = |
| Contributions10/11 | - | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Reserves13 | €2,128 | €2,128 | €4,523 | €4,523 | €4,523 | = |
| Distributable reserves133 | - | €2,128 | €4,523 | €4,523 | €4,523 | = |
| Profit (loss) carried forward14 | - | -€714 | - | - | - | - |
| Amounts payable17/49 | €43,915 | €40,497 | €40,078 | €55,622 | €67,376 | ▲ 21.1% |
| Amounts payable after more than one year17 | €23,633 | €15,671 | €7,563 | - | - | - |
| Financial debts170/4 | - | €15,671 | €7,563 | - | - | - |
| Amounts payable within one year42/48 | €20,142 | €24,683 | €32,514 | €55,459 | €67,376 | ▲ 21.5% |
| Current portion of amounts payable after more than one year42 | - | €7,962 | €8,108 | €7,563 | - | - |
| Trade debts44 | €2,859 | €5,941 | €2,906 | €6,268 | €3,675 | ▼ 41.4% |
| Suppliers440/4 | - | €5,941 | €2,906 | €6,268 | €3,675 | ▼ 41.4% |
| Taxes, remuneration and social security45 | - | €9,246 | €21,500 | €24,326 | €30 | ▼ 99.9% |
| Taxes450/3 | - | €9,246 | €21,500 | €18,838 | €30 | ▼ 99.8% |
| Remuneration and social security454/9 | - | - | - | €5,488 | - | - |
| Other amounts payable47/48 | - | €1,535 | - | €17,300 | €63,671 | ▲ 268% |
| Accrued charges and deferred income492/3 | - | €142 | - | €163 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,128 | -€714 | €3,109 | €17,300 | €61,680 | ▲ 257% |
| + Depreciation and write-downs630 | €2,583 | €7,027 | €6,818 | €7,439 | €1,326 | ▼ 82.2% |
| Operating cash flow (approximation) | €4,710 | €6,313 | €9,927 | €24,740 | €63,005 | ▲ 155% |
| Investment in fixed assets (approximation) | - | €4,815 | €0 | -€4,222 | €8,841 | ▲ 309% |
| Change in cash | - | €555 | -€538 | €31,042 | €16,300 | ▼ 47.5% |
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
10-07
State Gazette act
Resignation: Jacques Gillard (director)2 facts ▸
State Gazette act
Resignation: Jacques Gillard (director)
2 facts ▸
- General meeting, 04-04-2026
- Director resignation, Jacques Gillard (director)
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €61,680 ▲257%
Operating result €74,908, net result €61,680, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
2022
31-12
Financial
Back to profitnet €3,109
Net result €3,109 after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial
Weakest financial yearnet -€714
Net result drops to -€714, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 2020
Ground area
513 m²
Building footprint
79 m²
Volume, LiDAR
859 m³
Parcel 25764Q0305/00C000, Wallonia · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BELGITECH
since 20202.300.700.537
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25764Q0305/00C000 | Wallonia | 513 m² | 1 · 79 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Jacques Gillard |
|
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
33.33%
According to the 2024 annual accounts of BELGITECH 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500RLBCZ7086BP970
Similar companies · same sector, comparable size
CC & M
BE 0695.467.432
Sint-Jans-Molenbeek · Eq €12,680
COLISEUM CONSTRUCTION
BE 0799.803.602
Watermaal-Bosvoorde · Eq €12,248
FAIRON
BE 0879.147.523
Villers-le-Bouillet · Eq €12,915
BATI-FAST
BE 0865.537.730
Mons · Eq €11,869
BELDECO BRUSSELS
BE 0767.398.276
Dilbeek · Eq €13,303
Of 1,719 companies in sector 47521 we hold annual accounts for 1,288. 341 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
Founded12-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0745360470
Registered
26-03-2025
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.