BELGMA SERVICES

Active

Private limited companyfounded 20214 yrs activeAssesteenweg 116 A, 1740 Ternat, BelgiumKBO/BCE: BE 0778.337.896

The computed 12-month bankruptcy probability of BELGMA SERVICES is 2.0% (moderate). The 2025 annual accounts show equity of €19k and a net result of €2k. Equity is growing by ~61% per year across the filed fiscal years. Its solvency ranks better than 83% of 7376 sector peers (fiscal year 2025). 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 2025

70 / 100

Healthy

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

Axes · tick = 2024

Profitability79▼-21

Solvency100=

Growth78=

Track record94

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity ample (current ratio 3.17 against 20.75 in 2024; short-term debt: 24.8% and cash: 9.8% of total assets), and 24.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

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 sector

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

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

75.2%

Return on assets

7.9%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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

31 d late

2024

184 d early

2023

46 d late

← before the deadline after the deadline →

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 months

Position in the running window

19-09-2026 today31-12-2026 close31-07-2027 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 2025, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€2k▼ 86.5%

2024 · €15k

2023: €-2k 2024: €15k

2023 → 2025

Working capital

€14k▼ 19.9%

2024 · €17k

2023: €-2k 2024: €17k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€-2k-€17k€19k▲ 11.7%

Operating result€-2k-€15k€5k▼ 68.6%

Net result€-2k-€15k€2k▼ 86.5%

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 69% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €25k

21.3%

78.7%

Fixed assets €5k

Current assets €20k

Equity and liabilities €25k

75.2%

24.8%

Equity €19k▲ 11.7%

Debt €6k▲ 629%

The debt ratio rises from 4.8% to 24.8%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€6k

Cash flow

€3k

Solvency

75.2%▼

2024 · 95.2%

Current ratio

3.17▼

2024 · 20.75

Quick ratio

3.17▼

2024 · 20.75

Debt / equity

0.33▲

2024 · 0.05

ROE

10.5%▼

2024 · 86.6%

ROA

7.9%▼

2024 · 82.5%

Interest coverage

69.63

Debt

€6k▲

2024 · €858

Debt ≤ 1 year

€6k▲

2024 · €858

Income taxes

€3k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€18k€25k▲

Fixed assets21/28-€5k

Tangible fixed assets22/27-€5k

Furniture and vehicles24-€5k

Current assets29/58€18k€20k▲

Amounts receivable within one year40/41€4k€17k▲

Trade receivables40-€6k

Other amounts receivable41€4k€11k▲

Cash at bank and in hand54/58€14k€2k▼

Equity and liabilities

Total equity and liabilities10/49€18k€25k▲

Equity10/15€17k€19k▲

Contributions10/11€4k€4k=

Profit (loss) carried forward14€13k€15k▲

Amounts payable17/49€858€6k▲

Amounts payable within one year42/48€858€6k▲

Trade debts44€858€6k▲

Suppliers440/4€858€6k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k

Other operating charges640/8-€186

Gross operating margin9900€15k€6k▼

Operating profit (loss)9901€15k€5k▼

Financial charges65/66B-€85

Recurring financial charges65-€85

Profit (loss) for the period before taxes9903€15k€5k▼

Income taxes67/77-€3k

Profit (loss) for the period9904€15k€2k▼

Profit (loss) for the period to be appropriated9905€15k€2k▼

Appropriation of the result

Profit (loss) to be appropriated9906€13k€15k▲

Profit (loss) brought forward from the previous period14P€-2k€13k▲

The notes to these accounts (5 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 6Financial 2Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

28-01

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Back to profitnet €15k

Net result €15k after one loss-making year.

31-12

Financial Liquidity times 1050current ratio 20.75

Current ratio from 0.02 to 20.75; short-term debt falls from €2k to €858.

15-09

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 46 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, Ternat · 1 establishment unit since 2022

establishment The establishment unit 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.

Assesteenweg 116 A1740 Ternat

Ground area

155 m²

Building footprint

124 m²

Volume, LiDAR

1,340 m³

2 parcels, Brussels, Flanders · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

Praagstraat 11, 1060 Sint-Gillis (bij-Brussel)

General construction of buildings

since 20222.334.877.496

2 parcels

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

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23086A0354/00K002	Flanders	82 m²	1 · 58 m²	10.3 m · 3 fl.
21562A0283/00Y002	Brussels	73 m²	1 · 65 m²	17.2 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.

Recognitions · licences · registrations

Recognised contractor

10 categories

BELGMA SERVICES BV44727

category D1, class 1 · category D10, class 1 · category D11, class 1 · category D15, class 1 · category D16, class 1 · category D17, class 1 · category D18, class 1 · category D21, class 1 · category D4, class 1 · category P1, class 1

decision 10-03-2025