BELHORS

Active

Private limited companyfounded 20242 yrs activeMispelburgstraat 6, 8420 De Haan, BelgiumKBO/BCE: BE 1007.421.610

Summary

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 2059 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

BELHORSActiveChecked score 37/100

Risk analysis Report Compare

What they do

Manufacture of metal structures and parts of structures

NACE 25110

1 site

How big

€152,407total assets 2025

Equity: €4,496
Loss: -€15,504

Turnover not published (abridged schema)

Financially healthy?

37 Weak Checked score 2025

Bankruptcy chance 12 m: 2.5%

Who decides

Accounts filed 31 d late0 of 1 deed read

Why 37- Young company- Higher-failure-rate sector- Annual accounts: weaker financial profile- Weak solvency vs sectorFiled after the deadlineShow the evidence

Checked score

Score 2025

37 / 100

Weak

Every signal that weighs is under Signals.

Axes

Profitability56

Solvency28

Growth-

Track record67

Bankruptcy probability, 12 months

2.5% Moderate

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Liquidity short (current ratio 0.44; short-term debt: 97.1% and cash: 2.6% of total assets), and 97.1% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

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

+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 25

Relative position

BE, all sectors

reference

Manufacture of fabricated metal products, except machinery and equipment (NACE 25)

about 50% more bankruptcies

← fewer bankruptcies more bankruptcies →

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

2.9%

Return on assets

-10.2%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 2059 sector peers (2025).

NBB · sector comparison

Position among 2059 sector peers

Solvency

better than 10%

← weakest strongest →

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 · 1 filing

Deviation from the deadline

2025

31 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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

31-08-26 Annual accounts filedfiscal year 2025 · micro…

Key points

Caution: Among the weakest 10% on net resultsector median €12,151 · 2,059 companies -€15,504 View
Total assets 2025first fiscal year filed €152,407 View
Active since 2024founded 21-03-2024 2 years View