BELHORS
ActiveSummary
The computed 12-month bankruptcy probability of BELHORS is 2.5% (moderate). The 2025 annual accounts show equity of €4,496 and a net result of -€15,504. Its solvency ranks better than 10% of 1941 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
What stands out
Overview
Why 37- Young company- Higher-failure-rate sector- Annual accounts: weaker financial profile- Weak solvency vs sectorFiled after the deadlineShow the evidence
Checked score
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Signals
Checked, nothing found (1)
- Annual accounts filedfiscal year 2025 · micro…
Financials
Fiscal year 2025Total assets €152,407Loss -€15,504Solvency 2.9%Liquidity 0.44
Financials · fiscal year 2025, micro schema
Trend over the years
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Key figures and ratios
Peer companies
Historical observationOf the 757 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 87% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 757 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,256 |
| Other operating charges640/8 | €2,750 |
| Gross operating margin9900 | €6,657 |
| Operating profit (loss)9901 | -€15,349 |
| Financial charges65/66B | €155 |
| Recurring financial charges65 | €155 |
| Profit (loss) for the period before taxes9903 | -€15,504 |
| Profit (loss) for the period9904 | -€15,504 |
| Profit (loss) for the period to be appropriated9905 | -€15,504 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €152,407 | |
| Fixed assets21/28 | €87,831 | |
| Tangible fixed assets22/27 | €87,831 | |
| Land and buildings22 | €75,000 | |
| Plant, machinery and equipment23 | €1,942 | |
| Furniture and vehicles24 | €10,889 | |
| Current assets29/58 | €64,576 | |
| Stocks and contracts in progress3 | €51,500 | |
| Stocks30/36 | €51,500 | |
| Amounts receivable within one year40/41 | €7,882 | |
| Trade receivables40 | €3,170 | |
| Other amounts receivable41 | €4,712 | |
| Cash at bank and in hand54/58 | €3,888 | |
| Deferred charges and accrued income490/1 | €1,307 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €152,407 | |
| Equity10/15 | €4,496 | |
| Contributions10/11 | €20,000 | |
| Profit (loss) carried forward14 | -€15,504 | |
| Amounts payable17/49 | €147,912 | |
| Amounts payable within one year42/48 | €147,912 | |
| Trade debts44 | €2,619 | |
| Suppliers440/4 | €2,619 | |
| Other amounts payable47/48 | €145,292 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€15,504 |
| + Depreciation and write-downs630 | €19,256 |
| Operating cash flow (approximation) | €3,752 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
Timeline
1 eventLatest 31-08-2026
History
Acts, filings and financial milestones
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Company details
Private limited company · founded 21-03-2024Year ends 31-12Peppol reachable1 site
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35007D0293/00K000 | Flanders | 221 m² | 1 · 114 m² | 13.3 m · 3 fl. |
Linked by address, not proof of ownership
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