BELIAN
ActiveSummary
BELIAN has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €675,034 and a net result of -€13,923. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 80% of 14284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▲+2
Solvency96▲+3
Growth59=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 2.98 against 2.88 in 2024; short-term debt: 13.4% and cash: 0% of total assets), and 28.6% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.4%
Return on assets
-1.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€13,923
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 10 filingsDeviation from the deadline
2025
30 d late
2024
41 d early
2023
42 d early
2022
9 d late
2021
39 d late
2020
18 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 9 August (5 of the last 5 filed years within 50 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€44,686▼ 58.5%
2020 · €107,774
EBIT margin
114.6%▲ 77.3pp
2020 · 37.4%
Net result
-€13,923▲ 40.2%
2024 · -€23,297
Working capital
€249,703▼ 9.7%
2024 · €276,656
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€44,686▼ 58.5%
Operating result€51,216▲ 27.2%€207,171▲ 305%-€18,011-€42,853▼ 138%-€25,861▲ 39.7%
Net result€61,073above the sector's middle half▲ 159%€139,445above the sector's middle half▲ 128%-€22,306below the sector's middle half-€23,297below the sector's middle half▼ 4.4%-€13,923below the sector's middle half▲ 40.2%
EBIT margin114.6%▲ 77.3pp
Equity€595,115above the sector's middle half▲ 11.4%€734,560above the sector's middle half▲ 23.4%€712,254above the sector's middle half▼ 3.0%€688,957above the sector's middle half▼ 3.3%€675,034above the sector's middle half▼ 2.0%
Total assets€979,354within the sector's middle half▲ 12.6%€1.2mabove the sector's middle half▲ 22.0%€1.1mabove the sector's middle half▼ 8.2%€1.0mwithin the sector's middle half▼ 7.6%€945,721within the sector's middle half▼ 6.6%
Debt€283,828▲ 21.2%€317,693▲ 11.9%€248,275▼ 21.9%€194,440▼ 21.7%€147,315▼ 24.2%
Working capital€496,231above the sector's middle half▲ 26.3%€334,869above the sector's middle half▼ 32.5%€355,866above the sector's middle half▲ 6.3%€276,656above the sector's middle half▼ 22.3%€249,703above the sector's middle half▼ 9.7%
Solvency60.8%within the sector's middle half▼ 0.6pp61.5%within the sector's middle half▲ 0.7pp65.0%above the sector's middle half▲ 3.5pp68.0%above the sector's middle half▲ 3.1pp71.4%above the sector's middle half▲ 3.4pp
Current ratio3.28above the sector's middle half▼ 2.222.69within the sector's middle half▼ 0.603.97above the sector's middle half▲ 1.292.88above the sector's middle half▼ 1.102.98above the sector's middle half▲ 0.10
Return on assets (ROA)6.2%within the sector's middle half▲ 3.5pp11.7%above the sector's middle half▲ 5.4pp-2.0%within the sector's middle half▼ 13.7pp-2.3%within the sector's middle half▼ 0.3pp-1.5%within the sector's middle half▲ 0.8pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25,861 in 2025 against €42,853 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €945,721
Fixed assets
€569,649 ▼ 3.2%
Current assets
€376,072 ▼ 11.3%
Equity and liabilities €945,721
Equity
€675,034 ▼ 2.0%
Provisions
€123,372 ▼ 4.7%
Debt
€147,315 ▼ 24.2%
Debt's share of the balance-sheet total falls from 19.2% to 15.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1,826▲
2024 · -€7,565
Cash flow
€13,764▲
2024 · €11,991
Debt to equity
0.22▼
2024 · 0.28
ROE
-2.1%▲
2024 · -3.4%
Interest coverage
0.18▲
2024 · -0.61
Debt ≤ 1 year
€126,369▼
2024 · €147,547
Debt > 1 year
€20,946▼
2024 · €46,893
Income taxes
€8,801▲
2024 · €1,422
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,340 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 8,611 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €44,686 | - | - | - | - | - |
| Non-recurring operating income76A | €79,873 | €4,482 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €53,519 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,387 | €18,570 | €37,115 | €35,289 | €27,687 | ▼ 21.5% |
| Other operating charges640/8 | €3,437 | €5,589 | €1,074 | €703 | €11,487 | ▲ 1,533% |
| Gross operating margin9900 | €71,040 | €231,331 | €20,178 | -€6,861 | €13,313 | ▲ 294% |
| Operating profit (loss)9901 | €51,216 | €207,171 | -€18,011 | -€42,853 | -€25,861 | ▲ 39.7% |
| Financial income75/76B | €40,857 | €9,672 | €1,719 | €26,892 | €24,997 | ▼ 7.0% |
| Recurring financial income75 | €40,857 | €9,672 | €1,719 | €26,892 | €24,997 | ▼ 7.0% |
| Non-recurring financial income76B | €40,857 | - | - | - | - | - |
| Financial charges65/66B | €6,991 | €14,041 | €11,602 | €12,470 | €10,279 | ▼ 17.6% |
| Recurring financial charges65 | €6,841 | €14,041 | €11,602 | €12,470 | €10,279 | ▼ 17.6% |
| Non-recurring financial charges66B | €150 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €85,082 | €202,802 | -€27,894 | -€28,431 | -€11,144 | ▲ 60.8% |
| Transfer from deferred taxes780 | €991 | €5,421 | €6,189 | €6,556 | €6,022 | ▼ 8.1% |
| Transfer to deferred taxes680 | - | €47,149 | - | - | - | - |
| Income taxes67/77 | €25,000 | €21,629 | €601 | €1,422 | €8,801 | ▲ 519% |
| Profit (loss) for the period9904 | €61,073 | €139,445 | -€22,306 | -€23,297 | -€13,923 | ▲ 40.2% |
| Transfer from tax-exempt reserves789 | €3,964 | €11,530 | €17,829 | €19,061 | €17,460 | ▼ 8.4% |
| Transfer to tax-exempt reserves689 | - | €141,447 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €65,037 | €9,528 | -€4,477 | -€4,236 | €3,537 | ▲ 183% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €979,354 | €1.2m | €1.1m | €1.0m | €945,721 | ▼ 6.6% |
| Fixed assets21/28 | €265,793 | €660,899 | €620,959 | €588,588 | €569,649 | ▼ 3.2% |
| Tangible fixed assets22/27 | €265,643 | €660,749 | €620,809 | €588,438 | €569,499 | ▼ 3.2% |
| Land and buildings22 | €258,171 | €615,519 | €569,994 | €553,512 | €541,110 | ▼ 2.2% |
| Plant, machinery and equipment23 | - | - | - | €2,918 | €4,480 | ▲ 53.5% |
| Furniture and vehicles24 | €7,472 | €45,230 | €50,815 | €32,008 | €23,908 | ▼ 25.3% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €713,561 | €533,493 | €475,521 | €424,203 | €376,072 | ▼ 11.3% |
| Stocks and contracts in progress3 | €464,747 | - | - | - | - | - |
| Stocks30/36 | €464,747 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €82,591 | €419,415 | €475,468 | €424,154 | €376,025 | ▼ 11.3% |
| Trade receivables40 | €16,500 | €12,720 | €5,337 | €8,442 | €6,742 | ▼ 20.1% |
| Other amounts receivable41 | €66,091 | €406,695 | €470,131 | €415,712 | €369,283 | ▼ 11.2% |
| Cash at bank and in hand54/58 | €166,223 | €114,078 | €53 | €49 | €48 | ▼ 3.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €979,354 | €1.2m | €1.1m | €1.0m | €945,721 | ▼ 6.6% |
| Equity10/15 | €595,115 | €734,560 | €712,254 | €688,957 | €675,034 | ▼ 2.0% |
| Contributions10/11 | €19,800 | €21,780 | €19,800 | €19,800 | €19,800 | = |
| Capital10 | €19,800 | - | - | - | - | - |
| Issued capital100 | €19,800 | - | - | - | - | - |
| Reserves13 | €409,046 | €536,983 | €521,135 | €502,073 | €484,614 | ▼ 3.5% |
| Non-distributable reserves130/1 | €1,980 | - | €1,980 | €1,980 | €1,980 | = |
| Legal reserve130 | €1,980 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,980 | €1,980 | €1,980 | = |
| Tax-exempt reserves132 | €407,066 | €536,983 | €519,155 | €500,093 | €482,634 | ▼ 3.5% |
| Profit (loss) carried forward14 | €166,269 | €175,797 | €171,320 | €167,084 | €170,620 | ▲ 2.1% |
| Provisions and deferred taxes16 | €100,412 | €142,139 | €135,950 | €129,394 | €123,372 | ▼ 4.7% |
| Deferred taxes168 | €100,412 | €142,139 | €135,950 | €129,394 | €123,372 | ▼ 4.7% |
| Amounts payable17/49 | €283,828 | €317,693 | €248,275 | €194,440 | €147,315 | ▼ 24.2% |
| Amounts payable after more than one year17 | €66,498 | €119,069 | €128,620 | €46,893 | €20,946 | ▼ 55.3% |
| Financial debts170/4 | €66,498 | €119,069 | €128,620 | €46,893 | €20,946 | ▼ 55.3% |
| Amounts payable within one year42/48 | €217,330 | €198,624 | €119,655 | €147,547 | €126,369 | ▼ 14.4% |
| Current portion of amounts payable after more than one year42 | €38,471 | €45,189 | €67,863 | €104,227 | €95,947 | ▼ 7.9% |
| Trade debts44 | €1,409 | €19,630 | €11,970 | €4,223 | €4,256 | ▲ 0.8% |
| Suppliers440/4 | €1,409 | €19,630 | €11,970 | €4,223 | €4,256 | ▲ 0.8% |
| Taxes, remuneration and social security45 | €25,000 | €119,573 | €590 | €1,479 | €1,096 | ▼ 25.9% |
| Taxes450/3 | €25,000 | €119,573 | €590 | €1,479 | €1,096 | ▼ 25.9% |
| Other amounts payable47/48 | €152,450 | €14,232 | €39,232 | €37,618 | €25,070 | ▼ 33.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,073 | €139,445 | -€22,306 | -€23,297 | -€13,923 | ▲ 40.2% |
| + Depreciation and write-downs630 | €16,387 | €18,570 | €37,115 | €35,289 | €27,687 | ▼ 21.5% |
| Operating cash flow (approximation) | €77,460 | €158,016 | €14,810 | €11,991 | €13,764 | ▲ 14.8% |
| Investment in fixed assets (approximation) | - | -€413,677 | €2,826 | -€2,918 | -€8,748 | ▼ 200% |
| Change in cash | - | -€52,145 | -€114,025 | -€4 | -€2 | ▲ 49.9% |
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
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€23,297
Net result drops to -€23,297, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-12
Financial
Highest result since 2018net €139,445 ▲128%
Operating result €207,171, net result €139,445, both a record.
08-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 39 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Equity above €500,000Eq €510,427 ▲14.6%
2 profitable years in a row build equity to €510,427.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are 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, Mons · 1 establishment unit since 2001
Ground area
3,696 m²
Parcel 53043B1411/00E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue Chapelle du Curé 61, 7012 Mons
since 20012.098.323.893
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53043B1411/00E000 | Wallonia | 3,696 m² | - | - |
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.
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Of 9,141 companies in sector 68201 we hold annual accounts for 6,772. 5,005 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
Founded01-06-2001
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474928628
Registered
02-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.