BELIBAT
ActiveSummary
BELIBAT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €169,482 and a net result of €494. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 92% of 7625 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-20
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 11.21 against 5.23 in 2024; short-term debt: 7.9% and cash: 53.8% of total assets), and 13.8% 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.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
86.2%
Return on assets
0.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
29 d early
2023
33 d early
2022
82 d early
2021
37 d early
2020
12 d early
2019
46 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 22 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 29 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€0
EBIT margin
Not included in this filing
Net result
€494▼ 98.3%
2024 · €29,421
Working capital
€158,891▲ 1.2%
2024 · €157,055
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€50,393€80,346▲ 59.4%€34,002▼ 57.7%€43,638▲ 28.3%€2,290▼ 94.8%
Net result€36,133above the sector's middle half€55,156above the sector's middle half▲ 52.6%€23,044within the sector's middle half▼ 58.2%€29,421above the sector's middle half▲ 27.7%€494within the sector's middle half▼ 98.3%
Equity€83,998within the sector's middle half▲ 75.5%€139,154above the sector's middle half▲ 65.7%€162,199above the sector's middle half▲ 16.6%€168,988above the sector's middle half▲ 4.2%€169,482above the sector's middle half▲ 0.3%
Total assets€140,825within the sector's middle half▼ 44.3%€166,144within the sector's middle half▲ 18.0%€168,998within the sector's middle half▲ 1.7%€224,628within the sector's middle half▲ 32.9%€196,673within the sector's middle half▼ 12.4%
Debt€56,826▼ 72.3%€26,990▼ 52.5%€6,799▼ 74.8%€55,640▲ 718%€27,190▼ 51.1%
Working capital€79,348within the sector's middle half▲ 42.5%€136,354above the sector's middle half▲ 71.8%€154,214above the sector's middle half▲ 13.1%€157,055above the sector's middle half▲ 1.8%€158,891above the sector's middle half▲ 1.2%
Solvency59.6%within the sector's middle half▲ 40.7pp83.8%above the sector's middle half▲ 24.1pp96.0%above the sector's middle half▲ 12.2pp75.2%above the sector's middle half▼ 20.7pp86.2%above the sector's middle half▲ 10.9pp
Current ratio2.40within the sector's middle half▲ 1.116.11above the sector's middle half▲ 3.7123.76above the sector's middle half▲ 17.665.23above the sector's middle half▼ 18.5311.21above the sector's middle half▲ 5.97
Return on assets (ROA)25.7%above the sector's middle half▲ 30.6pp33.2%above the sector's middle half▲ 7.5pp13.6%within the sector's middle half▼ 19.6pp13.1%within the sector's middle half▼ 0.5pp0.3%within the sector's middle half▼ 12.8pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 95% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €196,673
Fixed assets
€22,214 ▼ 27.1%
Current assets
€174,458 ▼ 10.1%
Equity and liabilities €196,673
Equity
€169,482 ▲ 0.3%
Debt
€27,190 ▼ 51.1%
Debt's share of the balance-sheet total falls from 24.8% to 13.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10,541▼
2024 · €48,891
Cash flow
€8,745▼
2024 · €34,674
Quick ratio
11.13▲
2024 · 5.20
Debt to equity
0.16▼
2024 · 0.33
ROE
0.3%▼
2024 · 17.4%
Interest coverage
5.48▼
2024 · 42.07
Debt ≤ 1 year
€15,567▼
2024 · €37,108
Debt > 1 year
€11,567▼
2024 · €18,460
Income taxes
€1,312▼
2024 · €15,277
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
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 higher bankruptcy probability: 1.1% 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 497,340 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 17,040 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,626 | €1,626 | €1,744 | €5,253 | €8,251 | ▲ 57.1% |
| Other operating charges640/8 | €1,083 | €1,618 | €1,826 | €1,720 | €855 | ▼ 50.3% |
| Non-recurring operating charges66A | - | - | - | €300 | €0 | ▼ 100% |
| Gross operating margin9900 | €53,102 | €83,591 | €37,572 | €50,910 | €11,396 | ▼ 77.6% |
| Operating profit (loss)9901 | €50,393 | €80,346 | €34,002 | €43,638 | €2,290 | ▼ 94.8% |
| Financial income75/76B | €1,566 | €2,574 | €2,151 | €2,223 | €1,439 | ▼ 35.3% |
| Recurring financial income75 | €1,566 | €2,574 | €2,151 | €2,223 | €1,439 | ▼ 35.3% |
| Financial charges65/66B | €571 | €1,054 | €465 | €1,162 | €1,922 | ▲ 65.4% |
| Recurring financial charges65 | €571 | €1,054 | €465 | €1,162 | €1,922 | ▲ 65.4% |
| Profit (loss) for the period before taxes9903 | €51,388 | €81,866 | €35,689 | €44,698 | €1,807 | ▼ 96.0% |
| Income taxes67/77 | €15,255 | €26,710 | €12,644 | €15,277 | €1,312 | ▼ 91.4% |
| Profit (loss) for the period9904 | €36,133 | €55,156 | €23,044 | €29,421 | €494 | ▼ 98.3% |
| Profit (loss) for the period to be appropriated9905 | €36,133 | €55,156 | €23,044 | €29,421 | €494 | ▼ 98.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €140,825 | €166,144 | €168,998 | €224,628 | €196,673 | ▼ 12.4% |
| Fixed assets21/28 | €4,710 | €3,084 | €8,009 | €30,465 | €22,214 | ▼ 27.1% |
| Tangible fixed assets22/27 | €4,710 | €3,084 | €8,009 | €30,465 | €22,214 | ▼ 27.1% |
| Plant, machinery and equipment23 | €4,710 | €3,084 | €6,697 | €4,428 | €2,160 | ▼ 51.2% |
| Furniture and vehicles24 | - | - | €1,312 | €26,037 | €20,054 | ▼ 23.0% |
| Current assets29/58 | €136,115 | €163,060 | €160,989 | €194,163 | €174,458 | ▼ 10.1% |
| Stocks and contracts in progress3 | €1,192 | €1,281 | €1,318 | €1,353 | €1,133 | ▼ 16.3% |
| Stocks30/36 | €1,192 | €1,281 | €1,318 | €1,353 | €1,133 | ▼ 16.3% |
| Amounts receivable within one year40/41 | €125,704 | €150,988 | €93,208 | €159,532 | €63,701 | ▼ 60.1% |
| Trade receivables40 | €61,429 | €87,025 | €28,152 | €98,435 | €31,468 | ▼ 68.0% |
| Other amounts receivable41 | €64,275 | €63,963 | €65,056 | €61,097 | €32,233 | ▼ 47.2% |
| Cash at bank and in hand54/58 | €8,269 | €8,088 | €60,994 | €27,585 | €105,728 | ▲ 283% |
| Deferred charges and accrued income490/1 | €949 | €2,704 | €5,468 | €5,694 | €3,897 | ▼ 31.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €140,825 | €166,144 | €168,998 | €224,628 | €196,673 | ▼ 12.4% |
| Equity10/15 | €83,998 | €139,154 | €162,199 | €168,988 | €169,482 | ▲ 0.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €77,798 | €132,954 | €155,999 | €162,788 | €162,788 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | €16,000 | €16,000 | €16,000 | €16,000 | €16,000 | = |
| Distributable reserves133 | €59,938 | €115,094 | €139,999 | €146,788 | €146,788 | = |
| Profit (loss) carried forward14 | €0 | - | - | €0 | €494 | - |
| Amounts payable17/49 | €56,826 | €26,990 | €6,799 | €55,640 | €27,190 | ▼ 51.1% |
| Amounts payable after more than one year17 | - | - | - | €18,460 | €11,567 | ▼ 37.3% |
| Financial debts170/4 | - | - | - | €18,460 | €11,567 | ▼ 37.3% |
| Amounts payable within one year42/48 | €56,767 | €26,706 | €6,775 | €37,108 | €15,567 | ▼ 58.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,590 | €6,893 | ▲ 4.6% |
| Financial debts43 | - | - | €62 | €1,387 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €62 | €1,387 | €0 | ▼ 100% |
| Trade debts44 | €37,574 | €11,913 | €6,568 | €4,548 | €5,622 | ▲ 23.6% |
| Suppliers440/4 | €37,574 | €11,913 | €6,568 | €4,548 | €5,622 | ▲ 23.6% |
| Advances received on contracts in progress46 | - | €300 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €17,277 | €12,916 | €0 | €1,272 | €1,490 | ▲ 17.2% |
| Taxes450/3 | €17,277 | €11,710 | €0 | €372 | €81 | ▼ 78.2% |
| Remuneration and social security454/9 | - | €1,206 | €0 | €900 | €1,409 | ▲ 56.6% |
| Other amounts payable47/48 | €1,917 | €1,577 | €145 | €23,311 | €1,562 | ▼ 93.3% |
| Accrued charges and deferred income492/3 | €59 | €284 | €24 | €73 | €56 | ▼ 23.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,133 | €55,156 | €23,044 | €29,421 | €494 | ▼ 98.3% |
| + Depreciation and write-downs630 | €1,626 | €1,626 | €1,744 | €5,253 | €8,251 | ▲ 57.1% |
| Operating cash flow (approximation) | €37,759 | €56,782 | €24,789 | €34,674 | €8,745 | ▼ 74.8% |
| Investment in fixed assets (approximation) | - | €0 | -€6,669 | -€27,709 | €0 | ▲ 100% |
| Change in cash | - | -€181 | €52,906 | -€33,409 | €78,143 | ▲ 334% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 11.21
Current ratio from 5.23 to 11.21; short-term debt falls from €37,108 to €15,567.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 23.76
Current ratio from 6.11 to 23.76; short-term debt falls from €26,706 to €6,775.
31-12
Financial
Equity above €150,000Eq €162,199 ▲16.6%
3 profitable years in a row build equity to €162,199.
10-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €55,156 ▲52.6%
Operating result €80,346, net result €55,156, both a record.
31-12
Financial
Liquidity triplescurrent ratio 6.11
Current ratio from 2.40 to 6.11; short-term debt falls from €56,767 to €26,706.
31-12
Financial
Equity above €100,000Eq €139,154 ▲65.7%
2 profitable years in a row build equity to €139,154.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €36,133
Net result €36,133 after one loss-making year.
Show earlier events
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€12,607
Net result drops to -€12,607, the lowest in the series; recovery starts the following year.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 46 days late
2019
31-12
Financial
Equity above €150,000Eq €163,263 ▲18.4%
2 profitable years in a row build equity to €163,263.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
16 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, Etterbeek · 1 establishment unit since 2006
Ground area
385 m²
Building footprint
384 m²
Volume, LiDAR
1,789 m³
Parcel 21363B0431/00V004, Brussels · tallest building 12.2 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Belibat
since 20062.152.642.806
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0431/00V004 | Brussels | 385 m² | 1 · 384 m² | 12.2 m · 1 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.
Similar companies · same sector, comparable size
CONSTRUCTION PIERRE ZANZEN
BE 0457.476.744
Waimes · Eq €169,463
BART DECORTE
BE 0820.562.590
Dentergem · Eq €169,525
DASABOUW
BE 0479.654.112
Halle · Eq €169,408
YES CONSTRUCT BVBA
BE 0847.842.356
Pajottegem · Eq €169,397
STIELMAN ALGOET
BE 0794.868.676
Menen · Eq €169,396
Of 29,786 companies in sector 41001 we hold annual accounts for 16,061. 12,438 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
Founded07-02-2006
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0879183254
Registered
14-12-2025
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.