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BELI CONSTRUCT

Active
Private limited companyfounded 2016active for 10 yearsHerenstraat(SGW) 56, 9170 Sint-Gillis-Waas, BelgiumKBO/BCE: BE 0656.967.340
Summary

The computed 12-month bankruptcy probability of BELI CONSTRUCT is 10.8% (high). The 2024 annual accounts show equity of €263,023 and a net result of €1,266. Equity remains stable across the filed financial years (±1.3% per year). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 17 October 2026.

Equity
€263,023▲ 0.5%
2023 · €261,757
Total assets
€880,500▼ 3.0%
2023 · €907,502
Net result
€1,266▼ 41.6%
2023 · €2,168
Working capital
-€140,106▼ 8.3%
2023 · -€129,389
Trend over the years

2020 to 2024, 5 financial years 2018 to 2024, 7 financial years

The operating result falls in 2024; 2024 is 34% below 2023.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€18,312 2024 Net result€1,266 2024

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232024
Operating result-€5,062€6,349€12,730▲ 101%€2,894▼ 77.3%€27,799▲ 861%€18,312▼ 34.1%
Net result-€15,236€1,537€9,520▲ 519%-€1,232€2,168€1,266▼ 41.6%
Equity€6,200-€249,764▲ 3,928%€251,301▲ 0.6%€260,821▲ 3.8%€259,589▼ 0.5%€261,757▲ 0.8%€263,023▲ 0.5%
Total assets€36,305-€937,292▲ 2,482%€949,209▲ 1.3%€931,386▼ 1.9%€913,662▼ 1.9%€907,502▼ 0.7%€880,500▼ 3.0%
Debt€30,105-€687,528▲ 2,184%€697,909▲ 1.5%€670,564▼ 3.9%€654,074▼ 2.5%€645,745▼ 1.3%€617,477▼ 4.4%
Working capital€4,900--€108,672-€107,749▲ 0.8%-€125,185▼ 16.2%-€129,389▼ 3.4%-€140,106▼ 8.3%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €880,500
Fixed assets €875,844 ▼ 2.0%
Current assets €4,656 ▼ 66.0%
Equity and liabilities €880,500
Equity €263,023 ▲ 0.5%
Debt €617,477 ▼ 4.4%
Debt's share of the balance-sheet total falls from 71.2% to 70.1%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€36,283▼
2023 · €45,769
Cash flow
€19,236▼
2023 · €20,139
Current ratio
0.03▼
2023 · 0.10
Debt to equity
2.35▼
2023 · 2.47
ROE
0.5%▼
2023 · 0.8%
ROA
0.1%▼
2023 · 0.2%
Interest coverage
2.13▲
2023 · 1.79
Debt ≤ 1 year
€144,762▲
2023 · €143,077
Debt > 1 year
€472,715▼
2023 · €502,669
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,107 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 98.0% are still going.

  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.0% went bankrupt
0.9% stopped otherwise
98.0% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 10.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 74.5% 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 4,107 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines
Balance sheet Code20232024
Assets
Total assets20/58€907,502€880,500▼
Fixed assets21/28€893,814€875,844▼
Tangible fixed assets22/27€893,814€875,844▼
Land and buildings22€875,814€860,844▼
Other tangible fixed assets26€18,000€15,000▼
Current assets29/58€13,688€4,656▼
Amounts receivable within one year40/41€7,483-
Trade receivables40€7,483-
Cash at bank and in hand54/58€6,205€4,656▼
Equity and liabilities
Total equity and liabilities10/49€907,502€880,500▼
Equity10/15€261,757€263,023▲
Contributions10/11€265,000€265,000=
Contributions outside capital11€265,000€265,000=
Other1109/19€265,000€265,000=
Profit (loss) carried forward14-€3,243-€1,977▲
Amounts payable17/49€645,745€617,477▼
Amounts payable after more than one year17€502,669€472,715▼
Financial debts170/4€502,669€472,715▼
Amounts payable within one year42/48€143,077€144,762▲
Current portion of amounts payable after more than one year42€29,274€29,954▲
Trade debts44€9,721€15,726▲
Suppliers440/4€9,721€15,726▲
Other amounts payable47/48€104,082€99,082▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,971€17,971=
Other operating charges640/8€848€9,326▲
Gross operating margin9900€46,617€45,608▼
Operating profit (loss)9901€27,799€18,312▼
Financial charges65/66B€25,630€17,046▼
Recurring financial charges65€25,630€17,046▼
Profit (loss) for the period before taxes9903€2,168€1,266▼
Profit (loss) for the period9904€2,168€1,266▼
Profit (loss) for the period to be appropriated9905€2,168€1,266▼
Appropriation of the result
Profit (loss) to be appropriated9906-€3,243-€1,977▲
Profit (loss) brought forward from the previous period14P-€5,411-€3,243▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€15,809€18,809€18,809€17,888€17,971€17,971=
Other operating charges640/8---€168€12,229€848€9,326▲ 1,000%
Gross operating margin9900-€10,747€25,159€31,708€33,011€46,617€45,608▼ 2.2%
Operating profit (loss)9901--€5,062€6,349€12,730€2,894€27,799€18,312▼ 34.1%
Financial charges65/66B--€4,812€3,210€4,126€25,630€17,046▼ 33.5%
Recurring financial charges65-€10,174€4,812€3,210€4,126€25,630€17,046▼ 33.5%
Profit (loss) for the period before taxes9903--€15,236€1,537€9,520-€1,232€2,168€1,266▼ 41.6%
Profit (loss) for the period9904--€15,236€1,537€9,520-€1,232€2,168€1,266▼ 41.6%
Profit (loss) for the period to be appropriated9905--€15,236€1,537€9,520-€1,232€2,168€1,266▼ 41.6%
Line2018201920202021202220232024Change
Assets
Total assets20/58€36,305€937,292€949,209€931,386€913,662€907,502€880,500▼ 3.0%
Formation expenses20€1,300€1,595€756-----
Fixed assets21/28-€935,697€947,726€929,756€911,785€893,814€875,844▼ 2.0%
Tangible fixed assets22/27-€935,697€947,726€929,756€911,785€893,814€875,844▼ 2.0%
Land and buildings22--€920,726€905,756€890,785€875,814€860,844▼ 1.7%
Other tangible fixed assets26--€27,000€24,000€21,000€18,000€15,000▼ 16.7%
Current assets29/58€35,005-€727€1,630€1,877€13,688€4,656▼ 66.0%
Amounts receivable within one year40/41€24,750-€727€727-€7,483--
Trade receivables40--€727€727-€7,483--
Cash at bank and in hand54/58€10,255-€0€903€1,877€6,205€4,656▼ 25.0%
Equity and liabilities
Total equity and liabilities10/49€36,305€937,292€949,209€931,386€913,662€907,502€880,500▼ 3.0%
Equity10/15€6,200€249,764€251,301€260,821€259,589€261,757€263,023▲ 0.5%
Contributions10/11€6,200-€265,000€265,000€265,000€265,000€265,000=
Contributions outside capital11--€265,000€265,000€265,000€265,000€265,000=
Share premium1100/10--€265,000-----
Other1109/19---€265,000€265,000€265,000€265,000=
Profit (loss) carried forward14--€15,236-€13,699-€4,179-€5,411-€3,243-€1,977▲ 39.0%
Amounts payable17/49€30,105€687,528€697,909€670,564€654,074€645,745€617,477▼ 4.4%
Amounts payable after more than one year17-€615,833€588,509€561,186€527,012€502,669€472,715▼ 6.0%
Financial debts170/4--€588,509€561,186€527,012€502,669€472,715▼ 6.0%
Amounts payable within one year42/48€30,105€71,695€109,399€109,379€127,062€143,077€144,762▲ 1.2%
Current portion of amounts payable after more than one year42--€27,324€23,237€20,195€29,274€29,954▲ 2.3%
Trade debts44----€2,793€9,721€15,726▲ 61.8%
Suppliers440/4----€2,793€9,721€15,726▲ 61.8%
Other amounts payable47/48--€82,076€86,142€104,073€104,082€99,082▼ 4.8%
Line2018201920202021202220232024Change
Profit (loss) for the period9904--€15,236€1,537€9,520-€1,232€2,168€1,266▼ 41.6%
+ Depreciation and write-downs630-€15,809€18,809€18,809€17,888€17,971€17,971=
Operating cash flow (approximation)-€573€20,346€28,330€16,655€20,139€19,236▼ 4.5%
Investment in fixed assets (approximation)---€30,839-€839€83€0€0-
Change in cash---€903€975€4,328-€1,550-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (8)
Financial year Type Filed Reference
31-12-2024 micro format 29-12-2025 2025-00592570
31-12-2023 micro format 19-11-2024 2024-00602487
31-12-2022 micro format 20-04-2024 2024-00066249
31-12-2021 micro format 31-08-2022 2022-20423934
31-12-2020 micro format 08-08-2022 2022-20290676
31-12-2019 micro format 17-08-2020 2020-41600555
31-12-2018 micro format 31-07-2019 2019-41600517
31-12-2017 micro format 28-01-2019 2019-02700170

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.