BELGRADIS

Active

Public limited companyfounded 2023active for 2 yearsAllée des Ormes(BL) 15, 5001 Namur, BelgiumKBO/BCE: BE 1002.500.641

Summary

The computed 12-month bankruptcy probability of BELGRADIS is 3.8% (moderate). The 2025 annual accounts show negative equity (-€2.0m) and a net result of -€1.4m. Its solvency ranks better than 5% of 5,017 sector peers (NACE 47, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

BELGRADISActiveChecked score 46/100

Risk analysis Report Compare

Activity

Non-specialised retail sale with food, beverages or tobacco predominating

NACE 47110

1 site

Size

€2.1mtotal assets 2025

Staff: 26.1 FTE
Equity: -€2.0m
Loss: -€1.4m

Financial health

46 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 3.8%

Structure

Parent: ITM ALIMENTAIRE BELGIUM · 99.98%

STAELENS Martin Henri MarcelDirector
PERF MANAGEMENTDaily manager · permanent representative Emmanuel Coria

2025 accounts filed 31 days late

Why 46raises riskLoss of €1.4m, the second in a row (financial year 2025)Negative equity -€2.0mLast filed accounts filed 31 days late; 2 of the last 3 latelowers riskFounded in 2023Show the evidence

Checked score

Score 2025

46 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 5% of its sector peers (NACE 47, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 0=

equity -93.5% of total assets

Liquidity 15-12

short-term debt 176.5% · cash 12.3%

Profitability 0=

return on assets -64.4%

Bankruptcy probability, 12 months

3.8% Moderate

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% (3,693 companies, NACE 47, small)

Last 24 months 12-2024: 1.5%lowest value 01-2025: 1.5%● unchanged vs 12-2024lowest value 02-2025: 1.6%▲ +0.1 percentage points vs 01-2025 03-2025: 1.9%▲ +0.3 percentage points vs 02-2025 04-2025: 2.0%▲ +0.1 percentage points vs 03-2025 05-2025: 2.2%▲ +0.2 percentage points vs 04-2025 06-2025: 2.2%● unchanged vs 05-2025 07-2025: 2.5%▲ +0.3 percentage points vs 06-2025 08-2025: 2.4%▼ -0.1 percentage points vs 07-2025 09-2025: 2.4%● unchanged vs 08-2025 10-2025: 2.6%▲ +0.2 percentage points vs 09-2025 11-2025: 2.6%● unchanged vs 10-2025 12-2025: 2.5%▼ -0.1 percentage points vs 11-2025 01-2026: 2.5%● unchanged vs 12-2025 02-2026: 2.5%● unchanged vs 01-2026 03-2026: 2.4%▼ -0.1 percentage points vs 02-2026 04-2026: 2.4%● unchanged vs 03-2026 05-2026: 2.4%● unchanged vs 04-2026 06-2026: 2.4%● unchanged vs 05-2026 07-2026: 2.5%▲ +0.1 percentage points vs 06-2026 08-2026: 3.4%▲ +0.9 percentage points vs 07-2026 09-2026: 3.8%▲ +0.4 percentage points vs 08-2026highest value 10-2026: 3.8%● unchanged vs 09-2026highest value

No credit on open account

Liquidity insufficient (current ratio 0.43, compared with 0.72 in 2024, below 1; short-term debt: 176.5% and cash: 12.3% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 47, small): better than 2% on solvency, 13% on liquidity, 2% on profitability and 2% on growth.

The bankruptcy probability was computed on 26-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises risk

Loss of €1.4m, the second in a row (financial year 2025)

NBB · annual accounts

Negative equity -€2.0m

NBB · annual accounts

Last filed accounts filed 31 days late; 2 of the last 3 late

NBB · filings

Founded in 2023

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

2425

2024 to 2025 · latest year -€2.0m

2025 accounts filed 31 days late

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. 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 · 2 filings

Deviation from the deadline

2025

31 days late

2024

61 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 46 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)

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.

Companies Code · seven months

Where today falls in the filing period

27-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since incorporation in 2023.

KBO publications · our coverage

31-08-2026 Annual accounts filedfinancial year 2025 · full…
12-11-2025 Resignation: Martin Staelens (director)Appointment: PERF MANAGEMENT (director and…
30-09-2025 Annual accounts filedfinancial year 2024 · full…

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€2.0m View
Caution: Equity fell in 2025from -€621,910 to -€2.0m ▼ 221% View
Caution: Among the weakest 5% on solvencysector median 36.1% · 5,017 companies -93.5% View
Controlled by ITM ALIMENTAIRE BELGIUM 99.98% View

By topic

Financials

Financial year: 2025
Total assets: €2.1m
Loss: -€1.4m
Solvency: -93.5%

Total assets▼ 7.7%

Net result

20242025

Go to Financials

Board & ownership

Board: 2 members
Parent: ITM ALIMENTAIRE BELGIUM · 99.98%

STAELENS Martin Henri MarcelDirector
PERF MANAGEMENTDaily manager

Go to Board & ownership

Network & group

Connected companies: 7

Go to Network & group

Timeline

Events: 4
Since: 2023
Next accounts: by 31-07-2027

23-11-2023Incorporation

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Non-specialised retail sale with food, beverages or tobacco…NACE 47110
Founded: 21-11-2023
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 44

Annual meeting: 15 June at 14:00
Purpose: “L'exploitation de surfaces commerciales dans le sens le plus large et notamment l'achat,la…” (deed in French)

Go to Articles of association

Key facts about BELGRADIS

What is the company number of BELGRADIS?: 1002.500.641. In Belgium the VAT number is the company number with BE in front: BE 1002.500.641.
Where is BELGRADIS based?: The registered office is at Allée des Ormes(BL) 15, 5001 Namur.Company details
What does BELGRADIS do?: According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
What is the legal form of BELGRADIS?: Public limited company (NV).
When was BELGRADIS founded?: On 21-11-2023.
Is BELGRADIS still active?: Yes, BELGRADIS is an active enterprise in the KBO register.
How many employees does BELGRADIS have?: On average 26.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of BELGRADIS?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is BELGRADIS profitable?: In financial year 2025, BELGRADIS made a loss of €1.4m.
Where can I find the annual accounts of BELGRADIS?: BELGRADIS filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of BELGRADIS due?: By 31-07-2027, for financial year 2026.Timeline