Beli
ActiveSummary
The computed 12-month bankruptcy probability of Beli is 2.2% (moderate). The 2024 annual accounts show equity of €129k and a net result of €24k. Equity is growing by ~33.7% per year across the filed fiscal years. Its solvency ranks better than 65% of 36375 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability83=
Solvency85▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 4.64 against 4.11 in 2023; short-term debt: 17.8% and cash: 4.8% of total assets), and 39.6% of the assets are financed with debt.
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Signals
Three 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 →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
4 d early
2022
on the day
2021
30 d late
2020
13 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2024, micro schema
Equity
€129k▲ 19.9%
2023 · €107k
Total assets
€213k▼ 11.2%
2023 · €240k
Net result
€24k▼ 9.1%
2023 · €27k
Working capital
€139k▲ 2.9%
2023 · €135k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€34k-€16k▼ 52.2%€64k▲ 294%€38k▼ 39.9%€41k▲ 8.1%
Net result€23k-€11k▼ 50.7%€44k▲ 299%€27k▼ 39.5%€24k▼ 9.1%
Equity€25k-€36k▲ 44.4%€81k▲ 123%€107k▲ 33.3%€129k▲ 19.9%
Total assets€93k-€93k▲ 0.1%€157k▲ 68.5%€240k▲ 53.5%€213k▼ 11.2%
Debt€68k-€57k▼ 16.2%€76k▲ 33.9%€133k▲ 74.9%€85k▼ 36.3%
Working capital€-27k-€4k€22k▲ 478%€135k▲ 511%€139k▲ 2.9%
Staff (FTE)0.81.31.4▲ 7.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 8% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €213k
Fixed assets
€37k ▼ 40.9%
Current assets
€177k ▼ 0.8%
Equity and liabilities €213k
Equity
€129k ▲ 19.9%
Debt
€85k ▼ 36.3%
Debt's share of the balance-sheet total falls from 55.3% to 39.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€68k▲
2023 · €65k
Cash flow
€51k▼
2023 · €54k
Current ratio
4.64▲
2023 · 4.11
Debt to equity
0.66▼
2023 · 1.24
ROE
18.9%▼
2023 · 25.0%
ROA
11.4%▲
2023 · 11.2%
Interest coverage
16.05▼
2023 · 100.82
Debt ≤ 1 year
€38k▼
2023 · €43k
Debt > 1 year
€46k▼
2023 · €89k
Income taxes
€13k▲
2023 · €11k
Staff costs
€66k▲
2023 · €53k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3k | €534 | - | - | - |
| Remuneration, social security and pensions62 | - | €5k | €1k | €53k | €66k | ▲ 25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €19k | €21k | €27k | €27k | ▼ 1.9% |
| Other operating charges640/8 | - | €4k | €6k | €4k | €7k | ▲ 61.9% |
| Gross operating margin9900 | €70k | €44k | €92k | €122k | €141k | ▲ 15.4% |
| Operating profit (loss)9901 | €34k | €16k | €64k | €38k | €41k | ▲ 8.1% |
| Financial income75/76B | - | €60 | €162 | €271 | €210 | ▼ 22.8% |
| Recurring financial income75 | €5 | €60 | €162 | €271 | €210 | ▼ 22.8% |
| Financial charges65/66B | - | €707 | €1k | €648 | €4k | ▲ 553% |
| Recurring financial charges65 | €602 | €707 | €1k | €648 | €4k | ▲ 553% |
| Profit (loss) for the period before taxes9903 | €33k | €15k | €63k | €38k | €37k | ▼ 1.4% |
| Income taxes67/77 | €11k | €4k | €18k | €11k | €13k | ▲ 17.4% |
| Profit (loss) for the period9904 | €23k | €11k | €44k | €27k | €24k | ▼ 9.1% |
| Profit (loss) for the period to be appropriated9905 | €23k | €11k | €44k | €27k | €24k | ▼ 9.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €93k | €93k | €157k | €240k | €213k | ▼ 11.2% |
| Fixed assets21/28 | €73k | €54k | €66k | €62k | €37k | ▼ 40.9% |
| Tangible fixed assets22/27 | €72k | €53k | €65k | €62k | €36k | ▼ 41.1% |
| Land and buildings22 | - | - | €5k | €4k | €4k | ▼ 5.3% |
| Plant, machinery and equipment23 | - | €26k | €24k | €17k | €11k | ▼ 37.3% |
| Furniture and vehicles24 | - | €28k | €37k | €41k | €22k | ▼ 46.5% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €20k | €39k | €91k | €178k | €177k | ▼ 0.8% |
| Amounts receivable within one year40/41 | €15k | €21k | €83k | €157k | €166k | ▲ 5.8% |
| Trade receivables40 | - | €15k | €72k | €56k | €15k | ▼ 72.9% |
| Other amounts receivable41 | - | €6k | €10k | €101k | €151k | ▲ 49.0% |
| Cash at bank and in hand54/58 | €1k | €18k | €8k | €20k | €10k | ▼ 49.5% |
| Deferred charges and accrued income490/1 | - | €489 | - | €581 | €117 | ▼ 79.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €93k | €93k | €157k | €240k | €213k | ▼ 11.2% |
| Equity10/15 | €25k | €36k | €81k | €107k | €129k | ▲ 19.9% |
| Contributions10/11 | - | €3k | €3k | €3k | €3k | = |
| Reserves13 | €23k | €34k | €78k | €105k | €126k | ▲ 20.4% |
| Distributable reserves133 | - | €34k | €78k | €105k | €126k | ▲ 20.4% |
| Amounts payable17/49 | €68k | €57k | €76k | €133k | €85k | ▼ 36.3% |
| Amounts payable after more than one year17 | €20k | €13k | €7k | €89k | €46k | ▼ 47.9% |
| Financial debts170/4 | - | €13k | €7k | €89k | €46k | ▼ 47.9% |
| Amounts payable within one year42/48 | €47k | €35k | €69k | €43k | €38k | ▼ 12.3% |
| Current portion of amounts payable after more than one year42 | - | €6k | €7k | €7k | €27k | ▲ 299% |
| Trade debts44 | €3k | €11k | €45k | €36k | €3k | ▼ 91.6% |
| Suppliers440/4 | - | €11k | €45k | €36k | €3k | ▼ 91.6% |
| Advances received on contracts in progress46 | - | €5k | - | - | - | - |
| Taxes, remuneration and social security45 | - | €1k | €17k | €955 | €5k | ▲ 452% |
| Taxes450/3 | - | €1k | €14k | €955 | €2k | ▲ 141% |
| Remuneration and social security454/9 | - | - | €3k | - | €3k | - |
| Other amounts payable47/48 | - | €11k | €445 | - | €3k | - |
| Accrued charges and deferred income492/3 | - | €8k | €275 | €525 | €275 | ▼ 47.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €11k | €44k | €27k | €24k | ▼ 9.1% |
| + Depreciation and write-downs630 | €17k | €19k | €21k | €27k | €27k | ▼ 1.9% |
| Operating cash flow (approximation) | €39k | €30k | €66k | €54k | €51k | ▼ 5.5% |
| Investment in fixed assets (approximation) | - | €0 | €-33k | €-24k | €-1k | ▲ 94.5% |
| Change in cash | - | €17k | €-10k | €12k | €-10k | ▼ 184% |
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
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 4.11
Current ratio from 1.32 to 4.11; short-term debt falls from €69k to €43k.
31-12
Financial
Equity above €100kEq €107k ▲33.3%
4 profitable years in a row build equity to €107k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €44k ▲299%
Operating result €64k, net result €44k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €11k ▼50.7%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 1.11
Current ratio from 0.43 to 1.11; short-term debt falls from €47k to €35k.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
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.
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Directors · office · real estate
Directors
1 act for this company is 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, Begijnendijk · 1 establishment unit since 2019
Ground area
1,698 m²
Building footprint
185 m²
Volume, LiDAR
862 m³
Parcel 24007B0022/00B002, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Beli
since 20192.291.248.084
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24007B0022/00B002 | Flanders | 1,698 m² | 1 · 185 m² | 9.4 m · 2 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 450 EUR awarded · 450 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 450 EUR | 450 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsKoelinstallaties duaal (so)
Technicus koelinstallaties duaal (so)
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Of 9,534 companies in sector 43222 we hold annual accounts for 5,666. 4,927 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
Founded16-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
33110Repair and maintenance of fabricated metal products
43240Other construction installation
Scores and ratios are computed by Checked and are not a credit decision.