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Belgo-Seeds

Active
Private limited companyfounded 2009active for 17 yearsLampestraat(Rol) 113, 8510 Kortrijk, BelgiumKBO/BCE: BE 0819.226.960
Summary

The computed 12-month bankruptcy probability of Belgo-Seeds is 4.1% (elevated). The 2025 annual accounts show negative equity (-€426,368) and a net result of -€936,972. Equity has been shrinking by about 19% per year since 2019. Its solvency ranks better than 7% of 9,829 sector peers (NACE 46, financial year 2025). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 02-10-2009 Normal situation
Activity
Wholesale trade NACE 46211and 1 other
Establishment unit
2.181.513.964 8510 Kortrijk, since 12-10-2009
Financial year end
31 March
Peppol
Reachable since 22-01-2026

Board and ownership

Financial position

47 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
4.1%
Annual accounts to 31-03-2025
Gross margin
-€71,848
Loss
€936,972
▲ 192%
Equity
-€426,368
Total assets
€865,167
▼ 79.5%
  • Negative equity on 31-03-2025
  • 2026 accounts not filed, 1 day past the deadline
Turnover not published (abbreviated format)
Filed on 16-01-2026
Score breakdownraises riskLoss of €936,972, the second in a row (financial year 2025)1 change of registered office in 24 monthsNegative equity -€426,368lowers riskSize: total assets €865,167Show the evidence

Checked score

Score 2025
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 19% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Weak
Solvency 0-37
equity -49.3% of total assets
Liquidity 57+25
short-term debt 55.9% · cash 28.2%
Profitability 0-9
return on assets -108.3%
Bankruptcy probability within 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,899 companies, NACE 46, micro)
Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024lowest value 02-2025: 0.3%● unchanged vs 01-2025lowest value 03-2025: 0.3%● unchanged vs 02-2025lowest value 04-2025: 0.3%● unchanged vs 03-2025lowest value 05-2025: 0.7%▲ +0.4 percentage points vs 04-2025 06-2025: 0.8%▲ +0.1 percentage points vs 05-2025 07-2025: 0.8%● unchanged vs 06-2025 08-2025: 0.9%▲ +0.1 percentage points vs 07-2025 09-2025: 1.2%▲ +0.3 percentage points vs 08-2025 10-2025: 1.3%▲ +0.1 percentage points vs 09-2025 11-2025: 1.9%▲ +0.6 percentage points vs 10-2025 12-2025: 2.4%▲ +0.5 percentage points vs 11-2025 01-2026: 4.1%▲ +1.7 percentage points vs 12-2025 02-2026: 3.5%▼ -0.6 percentage points vs 01-2026 03-2026: 3.5%● unchanged vs 02-2026 04-2026: 3.5%● unchanged vs 03-2026 05-2026: 3.6%▲ +0.1 percentage points vs 04-2026 06-2026: 3.5%▼ -0.1 percentage points vs 05-2026 07-2026: 3.5%● unchanged vs 06-2026 08-2026: 3.7%▲ +0.2 percentage points vs 07-2026 09-2026: 3.6%▼ -0.1 percentage points vs 08-2026 10-2026: 3.7%▲ +0.1 percentage points vs 09-2026 11-2026: 4.1%▲ +0.4 percentage points vs 10-2026highest value
No credit on open account
Liquidity is tight, with a current ratio of 1.48 (0.22 in 2024), below the usual 1.5. Short-term debt is 55.9% and cash 28.2% of total assets. Equity is negative.
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 46, micro). It does better than 6% of them on solvency, 62% on liquidity, 6% on profitability and 3% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · Loss of €936,972, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Negative equity -€426,368
NBB · annual accounts
lowers risk · Size: total assets €865,167
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
192021232425
2019 to 2025 · latest year -€426,368
raises risk · 2025 accounts filed 77 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 16-01-2026, 77 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 filings
Deviation from the deadline
2026
not filed
2025
77 days late
2024
7 days late
2023
1 day early
2021
1 day early
2020
24 days early
2019
on the day
← 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 10 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€426,368 View
  • Caution: Result fell in 2025from -€321,155 to -€936,972 ▼ 192% View
  • Caution: Lower net result than 95% of companies in wholesale tradesector median €26,864 · 9,808 companies -€936,972 View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€936,972 View

Recent changes

  1. · Gazette deed Registered office moved within Rollegem
  2. · Gazette deed Appointment: Holvoet,Frank Carlos (director)
  3. · Gazette deed Incorporation
All 17 events

Comparable companies

These companies have the same main activity as Belgo-Seeds: wholesale trade (NACE 46211). They are comparable in size and age: total assets between €220,000 and €1.6m, founded between 1992 and 2014.

CompanyTotal assetsGross margin
Belgo-Seeds Kortrijk€0.9m-€0.07m
TURTLE Vorst€1.3m-€0.03m
AGRO Goyens Maaseik€0.3m-€0.008m
GAP SA Granen & Producten NV Antwerpen€1.6m€0.01m
HIELS Beveren-Kruibeke-Zwijndrecht€0.4m€0.01m
Frank Verbist Antwerpen€0.4m-€0.02m
BAECKE Lievegem€0.2m€0.01m
Full comparison

Key facts about Belgo-Seeds

What is the company number of Belgo-Seeds?
The company number of Belgo-Seeds is 0819.226.960. The VAT number is the same number with BE in front: BE 0819.226.960.
Where is Belgo-Seeds based?
The registered office is at Lampestraat(Rol) 113, 8510 Kortrijk.Company details
What does Belgo-Seeds do?
According to the KBO register, the main activity is wholesale trade (NACE 46211).
What is the legal form of Belgo-Seeds?
The legal form of Belgo-Seeds is Private limited company (BV).
When was Belgo-Seeds founded?
Belgo-Seeds was founded on 02-10-2009.
Is Belgo-Seeds still active?
Yes, Belgo-Seeds is an active enterprise in the KBO register.
What is the turnover of Belgo-Seeds?
The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
Is Belgo-Seeds profitable?
In financial year 2025, Belgo-Seeds made a loss of €936,972.
Where can I find the annual accounts of Belgo-Seeds?
Belgo-Seeds filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.

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