BELGYN
ActiveSummary
The computed 12-month bankruptcy probability of BELGYN is 5.1% (elevated). The 2025 annual accounts show equity of €54k and a net result of €-7k. Equity is growing by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 28% of 27965 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability28▼-40
Solvency52=
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
5.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.18 against 1.22 in 2024; short-term debt: 71.6% and cash: 13.9% of total assets), and 73% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2025Solvency, return and age of the figures
Solvency
27%
Return on assets
-3.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 3 filingsDeviation from the deadline
2025
30 d late
2024
50 d late
2023
61 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€54k▼ 12.0%
2024 · €62k
2023: €29klowest in 3 years
2024: €62k▲ +109% vs 2023highest in 3 years
2025: €54k▼ -12.0% vs 2024
2023 → 2025
Total assets
€201k▼ 12.3%
2024 · €229k
2023: €129klowest in 3 years
2024: €229k▲ +77.3% vs 2023highest in 3 years
2025: €201k▼ -12.3% vs 2024
2023 → 2025
Net result
€-7k
2024 · €32k
2023: €27k
2024: €32k▲ +17.0% vs 2023highest in 3 years
2025: €-7k▼ -123% vs 2024lowest in 3 years
2023 → 2025
Working capital
€25k▼ 25.8%
2024 · €34k
2023: €9klowest in 3 years
2024: €34k▲ +277% vs 2023highest in 3 years
2025: €25k▼ -25.8% vs 2024
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€29k-€62k▲ 109%€54k▼ 12.0%
2023: €29klowest in 3 years
2024: €62k▲ +109% vs 2023highest in 3 years
2025: €54k▼ -12.0% vs 2024
Operating result€50k-€62k▲ 23.9%€26k▼ 57.5%
2023: €50k
2024: €62k▲ +23.9% vs 2023highest in 3 years
2025: €26k▼ -57.5% vs 2024lowest in 3 years
Net result€27k-€32k▲ 17.0%€-7k
2023: €27k
2024: €32k▲ +17.0% vs 2023highest in 3 years
2025: €-7k▼ -123% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 57% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €201k
Fixed assets
€32k ▼ 14.3%
Current assets
€169k ▼ 12.0%
Equity and liabilities €201k
Equity
€54k ▼ 12.0%
Debt
€147k ▼ 12.5%
Debt's share of the balance-sheet total falls from 73.1% to 73.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€52k▼
2024 · €79k
Cash flow
€18k▼
2024 · €49k
Current ratio
1.18▼
2024 · 1.22
Debt to equity
2.70▼
2024 · 2.72
ROE
-13.6%▼
2024 · 52.2%
ROA
-3.7%▼
2024 · 14.0%
Interest coverage
1.67▼
2024 · 3.82
Debt ≤ 1 year
€144k▼
2024 · €158k
Debt > 1 year
€3k▼
2024 · €10k
Income taxes
€3k▼
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€229k€201k▼
Fixed assets21/28€37k€32k▼
Tangible fixed assets22/27€37k€32k▼
Furniture and vehicles24€37k€32k▼
Current assets29/58€192k€169k▼
Amounts receivable within one year40/41€103k€140k▲
Trade receivables40€94k€125k▲
Other amounts receivable41€9k€15k▲
Cash at bank and in hand54/58€87k€28k▼
Deferred charges and accrued income490/1€2k€743▼
Equity and liabilities
Total equity and liabilities10/49€229k€201k▼
Equity10/15€62k€54k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€60k€52k▼
Amounts payable17/49€167k€147k▼
Amounts payable after more than one year17€10k€3k▼
Financial debts170/4€10k€3k▼
Amounts payable within one year42/48€158k€144k▼
Current portion of amounts payable after more than one year42€6k€7k▲
Trade debts44€122k€94k▼
Suppliers440/4€122k€94k▼
Taxes, remuneration and social security45€29k€43k▲
Taxes450/3€17k€19k▲
Remuneration and social security454/9€12k€25k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€25k▲
Other operating charges640/8€662€13k▲
Gross operating margin9900€80k€65k▼
Operating profit (loss)9901€62k€26k▼
Financial income75/76B€1€447▲
Recurring financial income75€1€447▲
Financial charges65/66B€21k€31k▲
Recurring financial charges65€21k€31k▲
Profit (loss) for the period before taxes9903€41k€-4k▼
Income taxes67/77€9k€3k▼
Profit (loss) for the period9904€32k€-7k▼
Profit (loss) for the period to be appropriated9905€32k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€60k€52k▼
Profit (loss) brought forward from the previous period14P€27k€60k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €17k | €25k | ▲ 46.8% |
| Other operating charges640/8 | €2k | €662 | €13k | ▲ 1,912% |
| Gross operating margin9900 | €56k | €80k | €65k | ▼ 18.6% |
| Operating profit (loss)9901 | €50k | €62k | €26k | ▼ 57.5% |
| Financial income75/76B | - | €1 | €447 | ▲ 42,848% |
| Recurring financial income75 | - | €1 | €447 | ▲ 42,848% |
| Financial charges65/66B | €15k | €21k | €31k | ▲ 48.9% |
| Recurring financial charges65 | €15k | €21k | €31k | ▲ 48.9% |
| Profit (loss) for the period before taxes9903 | €35k | €41k | €-4k | ▼ 110% |
| Income taxes67/77 | €8k | €9k | €3k | ▼ 63.7% |
| Profit (loss) for the period9904 | €27k | €32k | €-7k | ▼ 123% |
| Profit (loss) for the period to be appropriated9905 | €27k | €32k | €-7k | ▼ 123% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €129k | €229k | €201k | ▼ 12.3% |
| Fixed assets21/28 | €20k | €37k | €32k | ▼ 14.3% |
| Tangible fixed assets22/27 | €20k | €37k | €32k | ▼ 14.3% |
| Furniture and vehicles24 | €20k | €37k | €32k | ▼ 14.3% |
| Current assets29/58 | €109k | €192k | €169k | ▼ 12.0% |
| Amounts receivable within one year40/41 | €43k | €103k | €140k | ▲ 36.5% |
| Trade receivables40 | €34k | €94k | €125k | ▲ 33.4% |
| Other amounts receivable41 | €9k | €9k | €15k | ▲ 69.3% |
| Cash at bank and in hand54/58 | €66k | €87k | €28k | ▼ 67.9% |
| Deferred charges and accrued income490/1 | - | €2k | €743 | ▼ 63.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €129k | €229k | €201k | ▼ 12.3% |
| Equity10/15 | €29k | €62k | €54k | ▼ 12.0% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €27k | €60k | €52k | ▼ 12.4% |
| Amounts payable17/49 | €100k | €167k | €147k | ▼ 12.5% |
| Amounts payable after more than one year17 | - | €10k | €3k | ▼ 69.9% |
| Financial debts170/4 | - | €10k | €3k | ▼ 69.9% |
| Amounts payable within one year42/48 | €100k | €158k | €144k | ▼ 9.0% |
| Current portion of amounts payable after more than one year42 | - | €6k | €7k | ▲ 4.9% |
| Trade debts44 | €86k | €122k | €94k | ▼ 23.5% |
| Suppliers440/4 | €86k | €122k | €94k | ▼ 23.5% |
| Taxes, remuneration and social security45 | €13k | €29k | €43k | ▲ 49.0% |
| Taxes450/3 | €8k | €17k | €19k | ▲ 10.1% |
| Remuneration and social security454/9 | €6k | €12k | €25k | ▲ 102% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €32k | €-7k | ▼ 123% |
| + Depreciation and write-downs630 | €4k | €17k | €25k | ▲ 46.8% |
| Operating cash flow (approximation) | €32k | €49k | €18k | ▼ 63.7% |
| Investment in fixed assets (approximation) | - | €-34k | €-20k | ▲ 40.9% |
| Change in cash | - | €21k | €-59k | ▼ 376% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 50 days late
2024
31-12
Financial
Highest result since 2023net €32k ▲17%
Operating result €62k, net result €32k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2023
Ground area
209 m²
Building footprint
209 m²
Volume, LiDAR
3,010 m³
Parcel 21305B0190/00C016, Brussels · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Corta da Silva John
since 20232.340.842.404
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305B0190/00C016 | Brussels | 209 m² | 1 · 208 m² | 18.0 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
WMW
BE 0699.770.272
Asse · Eq €54,196
TOSODA
BE 0835.182.965
Soumagne · Eq €54,363
TIM RENOVATION
BE 0739.848.791
Braine-le-Comte · Eq €54,372
DHOMES
BE 0704.619.579
Nazareth-De Pinte · Eq €53,953
ADM BOUWWERKEN
BE 0793.844.436
Sint-Niklaas · Eq €54,675
Of 4,271 companies in sector 43230 we hold annual accounts for 1,240. 1,031 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
43120Site preparation
43130Specialised construction activities
81220Other building cleaning and industrial cleaning
Contact
E-mail
belgynsrl@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.