BELGOTRA

Active

Private limited companyfounded 200718 yrs activeLe Lorrainstraat 107, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0893.577.064

The computed 12-month bankruptcy probability of BELGOTRA is 1.7% (moderate). The 2025 annual accounts show equity of €87k and a net result of €-21k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 44% of 27172 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

45 / 100

Fair▼ -34 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-24

Solvency79▼-13

Growth68=

Stability100

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4k at 30 days acceptable

Liquidity ample (current ratio 1.7 against 1.94 in 2024), but 58.5% 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

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

−lowers risk+raises risk○neutral

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2025

Solvency, return and age of the figures

Solvency

41.5%

Return on assets

-9.9%

Age of the figures

8 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 · 10 filings

Deviation from the deadline

2025

31 d late

2024

50 d late

2023

40 d late

2022

17 d late

2021

53 d late

2020

73 d late

2019

115 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

10-09-2026 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

€632k▲ 19.8%

2018 · €528k

2018: €528k

2018 → 2019

EBIT margin

-0.5%▼ 4.1pp

2018 · 3.7%

2018: 3.7%

2018 → 2019

Net result

€-21k

2024 · €5k

2018: €15k 2019: €-4k 2020: €11k 2021: €-24k 2022: €83k 2023: €47k 2024: €5k

2018 → 2025

Working capital

€60k▼ 38.4%

2024 · €97k

2018: €-9k 2019: €-17k 2020: €-9k 2021: €178k 2022: €59k 2023: €76k 2024: €97k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€-26k-€56k€103k▲ 82.8%€108k▲ 5.0%€87k▼ 19.3%

Operating result€-20k-€101k€76k▼ 25.0%€8k▼ 89.5%€-33k

Net result€-24k-€83k€47k▼ 43.5%€5k▼ 89.0%€-21k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €33k after €8k in 2024, the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €210k

30.8%

69.2%

Fixed assets €65k▲ 200%

Current assets €145k▼ 27.4%

Equity and liabilities €210k

41.5%

58.5%

Equity €87k▼ 19.3%

Debt €123k▲ 8.0%

The debt ratio rises from 51.3% to 58.5%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-9k▼

2024 · €19k

Cash flow

€3k▼

2024 · €17k

Solvency

41.5%▼

2024 · 48.7%

Current ratio

1.70▼

2024 · 1.94

Quick ratio

1.50▼

2024 · 1.56

Debt / equity

1.41▲

2024 · 1.05

ROE

-23.9%▼

2024 · 4.7%

ROA

-9.9%▼

2024 · 2.3%

Interest coverage

-1.66▼

2024 · 4.60

Debt

€123k▲

2024 · €114k

Debt ≤ 1 year

€85k▼

2024 · €103k

Debt > 1 year

€37k▲

2024 · €11k

Income taxes

€407▼

2024 · €4k

Staff costs

€49k▼

2024 · €49k

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€222k€210k▼

Fixed assets21/28€22k€65k▲

Tangible fixed assets22/27€22k€65k▲

Plant, machinery and equipment23€4k€2k▼

Furniture and vehicles24€18k€63k▲

Current assets29/58€200k€145k▼

Stocks and contracts in progress3€40k€17k▼

Stocks30/36-€17k

Contracts in progress37€40k-

Amounts receivable within one year40/41€145k€56k▼

Trade receivables40€137k€34k▼

Other amounts receivable41€7k€22k▲

Cash at bank and in hand54/58€5k€64k▲

Deferred charges and accrued income490/1€10k€8k▼

Equity and liabilities

Total equity and liabilities10/49€222k€210k▼

Equity10/15€108k€87k▼

Contributions10/11€6k€6k=

Reserves13€102k€102k=

Distributable reserves133€102k€102k=

Profit (loss) carried forward14-€-21k

Amounts payable17/49€114k€123k▲

Amounts payable after more than one year17€11k€37k▲

Financial debts170/4€11k€37k▲

Amounts payable within one year42/48€103k€85k▼

Current portion of amounts payable after more than one year42€8k€16k▲

Financial debts43€22k-

Credit institutions430/8€22k-

Trade debts44€27k€41k▲

Suppliers440/4€27k€41k▲

Taxes, remuneration and social security45€39k€25k▼

Taxes450/3€29k€7k▼

Remuneration and social security454/9€10k€18k▲

Other amounts payable47/48€7k€4k▼

Income statement Code20242025

Remuneration, social security and pensions62€49k€49k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€24k▲

Other operating charges640/8€2k€7k▲

Non-recurring operating charges66A€1k€642▼

Gross operating margin9900€71k€48k▼

Operating profit (loss)9901€8k€-33k▼

Financial income75/76B€5k€18k▲

Recurring financial income75€288€528▲

Non-recurring financial income76B€5k€17k▲

Financial charges65/66B€4k€5k▲

Recurring financial charges65€4k€5k▲

Profit (loss) for the period before taxes9903€9k€-20k▼

Income taxes67/77€4k€407▼

Profit (loss) for the period9904€5k€-21k▼

Profit (loss) for the period to be appropriated9905€5k€-21k▼

Appropriation of the result

Profit (loss) to be appropriated9906€5k€-21k▼

Transfer to equity691/2€5k-

To other reserves6921€5k-

The notes to these accounts (6 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 15Financial 5Filings 10

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

19-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 50 days late

2024

09-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 40 days late

2023

31-12

Financial Equity above €100kEq €103k ▲82.8%

2 profitable years in a row build equity to €103k.

17-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 17 days late

2022

31-12

Financial Back to profitnet €83k

Net result €83k after one loss-making year.

22-09

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 53 days late

2021

31-12

Financial Weakest financial yearnet €-24k ▼322%

Net result drops to €-24k, the lowest in the series; recovery starts the following year.

31-12

Financial Liquidity triplescurrent ratio 2.57

Current ratio from 0.93 to 2.57; short-term debt falls from €127k to €113k.

12-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 73 days late

2020

31-12

Financial Back to profitnet €11k

Net result €11k after one loss-making year.

23-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 115 days late

2019

19-09

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 50 days late

2018

24-09

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 55 days late

2017

25-09

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 56 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 2 acts read

About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has 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.