Result
€67,595 ▲ 48×
The result rose in 2025 from €1,422 to €67,595.
Belgo Facilities
Lifetime
13 annual accounts with figures on one time axispeak €112,309 (2025)
€112,309▲ €112,558
lowest -€20,512 (2019)
€67,595▲ 48×
peak €32,064 (2025)
€32,064▲ 122%
€127,019▲ 970%
Board3 names since 2025
3 directorsLIOTEC and 2 others
Documentsfilings and deeds
22-09-202653 days late
2025micro format
Gross margin from -€249 to €112,309Result from €1,422 to €67,595Company renamed from ARTTA to Belgo Facilities 23-07Equity from €14,470 to €32,064Debts from €11,873 to €127,019Cash from €1,127 to €32,691
Key points
from the 2025 annual accountsTurnover
≈ €230,000 estimated
The micro format states no turnover.
Debts
€127,019 80% of the balance sheet
Suppliers 39%Taxes and wages 6%Other 55%
Liquidity
1.25 was 2.22 in 2024
Short-term debts rose from €11,873 to €127,019.
Filings
13 annual accounts since 2012
Three of the last ten came late. The 2025 accounts came latest: 53 days after the end of the period.
Position in the sector
€67,595
Higher net result than 85% of companies in architecture and engineering. Sector median €16,709 · 11,795 companies.
Checked score
81
Excellent
Financially stronger than 41% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.9%
01-2025: 1.9%● unchanged vs 12-2024
02-2025: 3.0%▲ +1.1 percentage points vs 01-2025highest value
03-2025: 0.1%▼ -2.9 percentage points vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025lowest value
06-2025: 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%● unchanged vs 06-2025lowest value
08-2025: 0.3%▲ +0.2 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.4%▲ +0.1 percentage points vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.5%▲ +0.1 percentage points vs 12-2025
02-2026: 0.8%▲ +0.3 percentage points vs 01-2026
03-2026: 1.0%▲ +0.2 percentage points vs 02-2026
04-2026: 1.6%▲ +0.6 percentage points vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 2.0%▲ +0.4 percentage points vs 05-2026
07-2026: 2.6%▲ +0.6 percentage points vs 06-2026
08-2026: 2.6%● unchanged vs 07-2026
09-2026: 2.7%▲ +0.1 percentage points vs 08-2026
10-2026: 0.5%▼ -2.2 percentage points vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
Last filed accounts filed 53 days late; 1 of the last 3 accounts late
lowers risk
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Liquidity: current ratio 1.25, cash €32,691
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 71, micro). It does better than 22% of them on solvency, 14% on liquidity and 88% on profitability.
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 very low class on 30-06-2025, 0.1% 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, 5,053 companies had the same profile as Belgo Facilities has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
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 Belgo Facilities itself: 0.5% 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 5,053 companies, not a prediction for Belgo Facilities. 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 1.25 (2.22 in 2024), below the usual 1.5. Short-term debt is 79.8% and cash 20.5% of total assets. 79.8% 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
Seven signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 11794 sector peers (2025).
NBB · sector comparisonPosition among 11794 sector peers
Solvency
better than 22%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
192021222425
2019 to 2025 · latest year €32,064
raises risk · 2025 accounts filed 53 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
53 days late
2024
1 day early
2022
3 days late
2021
23 days late
2020
2 days early
2019
7 days early
2018
6 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 9 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (1)
Recent changes
Resignation: HERTI03 (director)
Director discharge: HERTI03 · General meeting of 28-04-2026 · Gazette deed
Company renamed from ARTTA to Belgo Facilities
Registered office moved from Anzegem to Strombeek-Bever · New registered office: Nijverheidslaan 1/1, 1853 Strombeek-Bever · Previous registered office: Eegalstraat 25, 8570 Anzegem · General meeting of 24-06-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0829260126
First establishment
Nijverheidslaan 1, Grimbergen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Belgo Facilities Grimbergen | €159,084 | €112,309 | 20.2% | - |
| Matadi Architects Herent | €159,126 | €106,903 | 74.2% | - |
| HaKo Sint-Niklaas | €173,349 | €107,363 | 63.8% | - |
| LI MARTKOOF - HABITAT R Chapelle-lez-Herlaimont | €180,440 | €107,550 | 60.4% | - |
| Architectenbureau ARCHITEXTUUR Bruges | €158,775 | €117,808 | 59.6% | - |
| PESSERS GAUTHIER Lievegem | €161,030 | €95,213 | 79.0% | - |
| Architectenvennootschap arch_ID Deinze | €179,090 | €119,785 | 10.4% | - |
These companies have the same main activity as Belgo Facilities: activities of building architects (NACE 71111). They are comparable in size and age: total assets between €159,000 and €180,000, founded between 2008 and 2012.
Official details
Source: KBO- Status
- Active since 10-09-2010Normal situation
- Activity
- Activities of building architectsNACE 71111and 4 others
- Establishment unit
- 2.192.293.9311853 Grimbergen, since 15-09-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Insights on Belgo Facilities
Belgo Facilities files the micro format. That format states no turnover. The gross margin rose from €85,060 in 2012 to €112,309 in 2025.
The balance sheet grew most from 2016 to 2017 through fixed assets, financed with long-term debt.
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 Belgo Facilities
- What is the company number of Belgo Facilities?
- The company number of Belgo Facilities is 0829.260.126. The VAT number is the same number with BE in front: BE 0829.260.126.
- Where is Belgo Facilities based?
- The registered office is at Nijverheidslaan 1/1, 1853 Grimbergen.Company details
- What does Belgo Facilities do?
- According to the KBO register, the main activity is activities of building architects (NACE 71111).
- What is the legal form of Belgo Facilities?
- Belgo Facilities is a private limited company (BV).
- When was Belgo Facilities founded?
- Belgo Facilities was founded on 10-09-2010.
- Is Belgo Facilities still active?
- Yes, Belgo Facilities is an active enterprise in the KBO register.
- How many employees does Belgo Facilities have?
- Belgo Facilities had an average of 0.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Belgo Facilities?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €112,309 and 36 comparable companies (NACE 711). It probably lies between €170,000 and €290,000.
- Is Belgo Facilities profitable?
- In financial year 2025, Belgo Facilities made a profit of €67,595.
- Where can I find the annual accounts of Belgo Facilities?
- Belgo Facilities filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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