BELI CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of BELI CONSTRUCT is 10.9% (high). The 2024 annual accounts show equity of €263,023 and a net result of €1,266. Equity has been stable since 2018 (±1.3% per year). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 27-06-2016 Normal situation
- Activity
- “De aan- en verkoop van onroerende goederen” (deed in French)From the articles, 14 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.287.891.092 1210 Sint-Joost-ten-Node, since 01-04-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 10.9%
- Gross margin
- €45,608
- ▼ 2.2%
- Turnover
- ≈ €180,000
- estimated
- Profit
- €1,266
- ▼ 41.6%
- Equity
- €263,023
- ▲ 0.5%
- Total assets
- €880,500
- ▼ 3.0%
- 2025 accounts not filed, 94 days past the deadline
Score breakdownraises risk2 changes of registered office in 24 monthsFigures for financial year 2024 (filed on 31-12-2025)1 financial year not filed after the legal deadline; last filed accounts filed 151 days late; 3 of the last 3 accounts latelowers riskSize: total assets €880,500Show the evidence
Checked score
About 1 in 9 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 33% of them on solvency, 29% on liquidity, 27% on profitability and 50% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 158 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 2 November 2026.
Annual accounts 2024 filed on 29-12-2025 PDF all 8 filings
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result for 2024 is 34% lower than in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Tangible fixed assets | €30,000 | €929,756 | - | - | - |
| Depreciation and write-downs of the year | €18,809 | €18,809 | €17,888 | €17,971 | €17,971 |
Source: notes to the 2020 to 2024 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| 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 | ▲ 11× |
| 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% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| 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% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| 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 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,107 companies had the same profile as BELI CONSTRUCT has now. Two years later, 1.0% had gone bankrupt and 98.0% were still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BELI CONSTRUCT itself is higher: 10.9% within 12 months. It rests on far more data about BELI CONSTRUCT than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,107 companies, not a prediction for BELI CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 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 |
Board & ownership
Directors
Owners and capital
Shareholders
- Gurguze Yadin associé
- Sakalikaba Tahir associé
- Shahwan Abdelaziz 200 shares
- Gurguze Yadin to Shahwan Abdelaziz
- Sakalikaba Tahir to Shahwan Abdelaziz
Capital transactions
- 18-12-2024 Converted to unavailable equity · €265,000
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Shahwan Abdelaziz |
|
Articles of association
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Vereffenaars, één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen”
Articles of association, deed of 18-12-2024 (in French)
Network & group
BELI CONSTRUCT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of BELI CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
31-03
Gazette deed
Registered office moved within Sint-Gillis-WaasDirector in office3 points ▸
- Board meeting, “enige bestuurder, alleen op te treden ingevolge de statuten” (deed in Dutch)
- Registered-office move, 9170 Sint-Gillis-Waas, Herenstraat 56A
- Director in office, Shahwan Abdelaziz (sole director)
18-12
Gazette deed
Company renamed to BELI CONSTRUCTResignation: Shahwan Abdelaziz (director) · Reappointment: Shahwan Abdelaziz (director) · Capital conversion13 points ▸
- Other provision, “vaststelling toepasselijkheid WVV en rechtsvorm en terminologie, besloten vennootschap” (deed in French)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in French)
- Other provision, “wettelijke reserves, geen wettelijke reserves” (deed in French)
- Reserve release, “statutair onbeschikbare eigen vermogensrekening, beschikbaar maken,opheffing,beschouwd als gewone inbreng” (deed in French)
- Name change, BELI CONSTRUCT
- Purpose change
- Director resignation, Shahwan Abdelaziz (director)
- Director reappointment, Shahwan Abdelaziz (director (not named in the articles))
- Registered-office move
- Amendment of the articles
- Capital
- Power of attorney, NICOLAS RAEMDONCK
- The act holds 1 more point.
19-05
Gazette deed
Capital & shares · Resignations & appointmentsPartner · Share transfer · Shareholding6 points ▸
- General meeting, 16-02-2023
- Partner, Gurguze Yadin
- Partner, Sakalikaba Tahir
- Share transfer, Gurguze Yadin → Shahwan Abdelaziz
- Share transfer, Sakalikaba Tahir → Shahwan Abdelaziz
- Shahwan Abdelaziz holds 200 shares
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
14 activities
- De aan- en verkoop van onroerende goederen
- De uitbating van elke reparatiewerkplaats,aankoop en verkoop van telefoons,gsm's,draagbare en/of desktop pc's,diverse informaticatools,gebruikt voor spelletjes of elk ander type van uitbating
- De uitbating van elke werkplaats voor de fabricatie van om even welke cateringproducten,snelle of normale snacks,cateringdiensten,bereiding en levering van schoolmaaltijden,feesten,partijen,festiviteiten,meeneemmaaltijden of ter plaatse,van om het even welke herkomst,snackbars,brasseries,hotels,restaurants,tavernes,cafés,cabarets,discotheken,buffetten,publieke vestiaires,verhuur van zitplaatsen,banket- en cateringdiensten,bakkerij en patisserie,alle voedings- en niet-voedingsproducten;koerier,fax,telefooncel,cybercafé,internet en fotokopieerdiensten,foto-ontwikkelingslaboratorium,draai-,slijp- en slijpatelier voor mechanische onderdelen;taxi's,nationale en internationale expresskoerier pakketbezorging,carwash,benzinestation(alle brandstoffen zoals stookolie,diesel,gas e.d.),garage met reparatiewerkplaats en dealer in nieuwe en gebruikte motorvoertuigen,sloop-,onderhouds- en pechhulpdiensten,alsmede de groot- en/of detailhandel in in- en verkoop,im- en export van auto-onderdelen en autoaccessoires;een kapsalon,wassalons.
- Hulp aan algemene bouwondernemingen;algemene bouw,constructie,renovatie,afbraak;aan- of verkoop van oude en nieuwe woningen,schilderwerken,metselwerk,elektriciteit,dakbedekking,bouwmaterialen,elektrische en elektronische apparatuur,sanitair en loodgietersmateriaal,enz.
- Alle verrichtingen van welke aard ook,die rechtstreeks of onrechtstreeks betrekking hebben op de handel,de fabricatie,de verbouwing en de confectie,de confectieproductie,het kleermaken,de aan- of verkoop van textiel-,leder- en/of gelijkaardige producten,in welke staat ook,nieuw of tweedehands,lokaal of geïmporteerd,binnenlands of bestemd voor de export en die rechtstreeks of onrechtstreeks betrekking hebben op de doelstellingen van de onderneming,
- Het leveren van alle diensten aan particuliere of commerciële klanten,in het bijzonder:schoonmaak en onderhoud van gebouwen,glazenwassen en schoonmaken van kantoren,klusjes,interimdiensten,onderaanneming,enz.
- Installatie van zonnepanelen,
- Handels-,muziek- of cinematografische productie,audio- en/of videofilms,fabricage,verhuur,aankoop,groot- of kleinhandel,vertegenwoordiging,distributie,dienst-verlening,verpakking,exploitatie en bemiddeling,
- Andere handelingen met betrekking tot de levering van energie,telecommunicatie en dienstencheques,
- Ongediertebestrijding
- In- en export van computerapparatuur,optische en tandheelkundige apparatuur,elektronische en elektro-mechanische apparatuur,elektromanagementapparatuur,auto's,bouwapparatuur zoals steigers en andere producten die al dan niet verband houden met het bedrijf en in eigen naam of voor rekening van derden,
- Groot- of detailhandel in alle voedingsmiddelen zoals vlees,fruit,groenten,conserven,zuivelproducten,schaal- en schelpdieren,vis,slagerij,huishoudelijke artikelen en cadeau-artikelen,specerijen,aromatische kruiden,videotheken,verhuur van amusementsproducten,films en andere soortgelijke producten,alle textiel in het algemeen,diverse kledingstukken,schoeisel,al dan niet van een merk,geïmporteerd of lokaal aangekocht,bestemd voor de lokale markt of voor de export,schoenmakerij,slotenmakerij,lederwaren in de ruimste zin van het woord;Alle handwerkproducten in het algemeen,wandtapijten met inbegrip van artikelen uit de Derde Wereld;alle parfumerieën,toiletartikelen,cosmetica,schoonheidsproducten,make-up en zeep en wasmiddelen;alle tuinbouwartikelen zoals bloemen,planten,tuinartikelen,tuinaanleg en onderhoud van tuinen en kwekerijen;alle boeken,antiquiteiten,tweedehands-goederen,decoratieve voorwerpen,industriële machines,huishoudelijke apparaten,magneetbanden,cassettes,alle gedrukte of opgenomen voorwerpen die het lezen,zien of horen mogelijk maken;hulp bij het programmeren.
- De aankoop,verkoop,verhuur,reparatie,het onderhoud en elke andere vorm van exploitatie van alle kantoor- en IT-apparatuur.
- De organisatie van computercursussen,hulp bij computersoftware,advies en bijstand op computergebied.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46020C0224/00P000 | Flanders | 1,298 m² | 1 · 198 m² | - |
| 21572B0238/00G002 | Brussels | 102 m² | 1 · 112 m² | 18.7 m · 5 |