Equity
€44,942 ▲ 38.3%
Belgmann has made a profit without a break since 2022.
Belgmann
Lifetime
6 annual accounts with figures on one time axispeak €55,305 (2022)
€54,479▲ 2.0%
lowest -€2,986 (2021)
€12,454▲ 176%
peak €44,942 (2025)
€44,942▲ 38.3%
€91,692▼ 11.6%
Board1 name since 2019
-
Documentsfilings and deeds
23-08-202623 days late
2025abbreviated format
Turnover from €196,278 to €321,567Result from €4,517 to €12,454Equity from €32,489 to €44,942Cash from €15,956 to €25,160
Key points
from the 2025 annual accountsTurnover
€321,567 ▲ 63.8%
Turnover rose in 2025: different schema filed.
Payment terms
81 days to suppliers
Belgmann pays its suppliers 115 days earlier than in 2024.
Filings
6 annual accounts 2 late
The 2020 accounts came latest: 31 days after the end of the period.
Starting capital
€2,000 200 shares
Position in the sector
€44,942
Less equity than 80% of companies in specialised construction. Sector median €250,150 · 9,975 companies.
Checked score
66
Healthy
Financially stronger than 46% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.5%
01-2025: 2.6%▲ +0.1 percentage points vs 12-2024
02-2025: 2.5%▼ -0.1 percentage points vs 01-2025
03-2025: 2.5%● unchanged vs 02-2025
04-2025: 2.9%▲ +0.4 percentage points vs 03-2025
05-2025: 3.3%▲ +0.4 percentage points vs 04-2025highest value
06-2025: 3.0%▼ -0.3 percentage points vs 05-2025
07-2025: 3.2%▲ +0.2 percentage points vs 06-2025
08-2025: 2.1%▼ -1.1 percentage points vs 07-2025
09-2025: 1.7%▼ -0.4 percentage points vs 08-2025
10-2025: 1.7%● unchanged vs 09-2025
11-2025: 1.7%● unchanged vs 10-2025
12-2025: 1.7%● unchanged vs 11-2025
01-2026: 1.3%▼ -0.4 percentage points vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.4%▲ +0.1 percentage points vs 02-2026
04-2026: 1.5%▲ +0.1 percentage points vs 03-2026
05-2026: 1.5%● unchanged vs 04-2026
06-2026: 1.5%● unchanged vs 05-2026
07-2026: 1.5%● unchanged vs 06-2026
08-2026: 2.3%▲ +0.8 percentage points vs 07-2026
09-2026: 1.0%▼ -1.3 percentage points vs 08-2026lowest value
10-2026: 1.0%● unchanged vs 09-2026lowest value
11-2026: 1.1%▲ +0.1 percentage points vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Size: turnover €321,567, total assets €136,634
Founded in 2019
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 1.06, cash €25,160
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 35% of them on solvency, 26% on liquidity, 40% on profitability and 84% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as Belgmann has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Belgmann itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for Belgmann. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.06 (0.9 in 2024), below the usual 1.5. Short-term debt is 67.1% and cash 18.4% of total assets. 67.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-08-2026, 23 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
23 days late
2024
24 days early
2023
34 days early
2022
24 days early
2021
41 days early
2020
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 12 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 7 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0728861562
Registered-office move
General meeting of 05-12-2023 · Gazette deed
Incorporation
Founding capital of €2,000, 200 shares · Founder: KARACA Ömer · Appointment: KARACA Ömer (statutory director) · published on 27-06-2019 · Gazette deed
First establishment
Kleinewinkellaan 54, Grimbergen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Belgmann Brussels | €136,634 | €54,479 | 32.9% | - |
| NEK CONSULTING Molenbeek-Saint-Jean | €102,973 | €40,180 | 71.4% | - |
| MAARTEN BOERMANS Vosselaar | €98,409 | €55,840 | 67.0% | - |
| HUYGHE BETONBORINGEN Beernem | €137,296 | €71,949 | 11.6% | - |
| Van Impe Dakwerken Herent | €129,590 | €37,086 | 29.9% | - |
| DB Projecten Hoogstraten | €210,073 | €50,328 | 23.9% | - |
| EBN CONNECT Antwerp | €120,767 | €38,593 | 72.7% | - |
These companies have the same main activity as Belgmann: specialised construction activities (NACE 43130). They are comparable in size and age: total assets between €98,400 and €210,000, founded between 2016 and 2021.
Official details
Source: KBO- Status
- Active since 25-06-2019Normal situation
- Activity
- Specialised construction activitiesNACE 43130and 1 other
- Establishment unit
- 2.292.693.8791853 Grimbergen, since 25-06-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 12-11-2025
Insights on Belgmann
Belgmann files the abbreviated format. That format states no turnover. The gross margin rose from €18,251 in 2020 to €54,479 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Belgmann
- What is the company number of Belgmann?
- The company number of Belgmann is 0728.861.562. The VAT number is the same number with BE in front: BE 0728.861.562.
- Where is Belgmann based?
- The registered office is at Harenberg 14, 1130 Brussels.Company details
- What does Belgmann do?
- According to the KBO register, the main activity is specialised construction activities (NACE 43130).
- What is the legal form of Belgmann?
- Belgmann is a private limited company (BV).
- When was Belgmann founded?
- Belgmann was founded on 25-06-2019.
- Is Belgmann still active?
- Yes, Belgmann is an active enterprise in the KBO register.
- What is the turnover of Belgmann?
- The turnover of Belgmann was €321,567 in financial year 2025, according to the filed annual accounts.Financials
- Is Belgmann profitable?
- In financial year 2025, Belgmann made a profit of €12,454.
- Where can I find the annual accounts of Belgmann?
- Belgmann filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Belgmann due?
- Belgmann must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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