BELIDES
ActiveSummary
BELIDES has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.38M and a net result of €2.86M. Equity is growing by ~30.3% per year across the filed fiscal years. Its solvency ranks better than 37% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+2
Solvency63▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.31 in 2024; short-term debt: 60.9% and cash: 0.1% of total assets), and 62.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
37.8%
Return on assets
78.3%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
1 d early
2024
31 d early
2023
26 d early
2022
28 d early
2021
34 d early
2020
37 d early
2019
34 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.38M▲ 74.3%
2024 · €793k
Total assets
€3.66M▲ 99.3%
2024 · €1.83M
Net result
€2.86M▲ 578%
2024 · €422k
Working capital
€95k▼ 53.5%
2024 · €204k
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
Line20212022202320242025
Operating result€256k▲ 0.3%€314k▲ 22.9%€281k▼ 10.6%€560k▲ 99.5%€3.80M▲ 578%
Net result€181k▲ 4.8%€223k▲ 23.1%€196k▼ 12.0%€422k▲ 115%€2.86M▲ 578%
Equity€374k▲ 93.6%€597k▲ 59.5%€793k▲ 32.8%€793k=€1.38M▲ 74.3%
Total assets€932k▼ 5.4%€1.21M▲ 29.8%€1.41M▲ 16.4%€1.83M▲ 30.3%€3.66M▲ 99.3%
Debt€557k▼ 29.6%€612k▲ 9.8%€614k▲ 0.3%€1.04M▲ 69.5%€2.27M▲ 118%
Working capital€357k▲ 2,281%€167k▼ 53.4%€326k▲ 95.6%€204k▼ 37.4%€95k▼ 53.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 578% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.66M
Fixed assets
€1.33M ▲ 38.0%
Current assets
€2.32M ▲ 168%
Equity and liabilities €3.66M
Equity
€1.38M ▲ 74.3%
Debt
€2.27M ▲ 118%
Debt's share of the balance-sheet total rises from 56.8% to 62.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3.92M▲
2024 · €613k
Cash flow
€2.99M▲
2024 · €475k
Current ratio
1.04▼
2024 · 1.31
Debt to equity
1.65▲
2024 · 1.31
ROE
207.2%▲
2024 · 53.3%
ROA
78.3%▲
2024 · 23.0%
Interest coverage
1065.98▲
2024 · 32.68
Debt ≤ 1 year
€2.23M▲
2024 · €664k
Debt > 1 year
€41k▼
2024 · €358k
Income taxes
€976k▲
2024 · €129k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €76k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €78k | €90k | €35k | €53k | €127k | ▲ 139% |
| Other operating charges640/8 | - | €3k | €3k | €6k | €15k | ▲ 157% |
| Gross operating margin9900 | €336k | €407k | €319k | €619k | €3.94M | ▲ 536% |
| Operating profit (loss)9901 | €256k | €314k | €281k | €560k | €3.80M | ▲ 578% |
| Financial income75/76B | - | €0 | - | €10k | €46k | ▲ 374% |
| Recurring financial income75 | €0 | €0 | - | €10k | €46k | ▲ 374% |
| Financial charges65/66B | - | €17k | €15k | €19k | €4k | ▼ 80.4% |
| Recurring financial charges65 | €11k | €17k | €15k | €19k | €4k | ▼ 80.4% |
| Profit (loss) for the period before taxes9903 | €244k | €298k | €266k | €551k | €3.84M | ▲ 597% |
| Income taxes67/77 | €64k | €75k | €70k | €129k | €976k | ▲ 658% |
| Profit (loss) for the period9904 | €181k | €223k | €196k | €422k | €2.86M | ▲ 578% |
| Profit (loss) for the period to be appropriated9905 | €181k | €223k | €196k | €422k | €2.86M | ▲ 578% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €932k | €1.21M | €1.41M | €1.83M | €3.66M | ▲ 99.3% |
| Fixed assets21/28 | €523k | €951k | €916k | €966k | €1.33M | ▲ 38.0% |
| Tangible fixed assets22/27 | €523k | €951k | €916k | €966k | €1.33M | ▲ 38.0% |
| Land and buildings22 | - | €159k | €148k | €190k | €441k | ▲ 132% |
| Plant, machinery and equipment23 | - | €6k | €6k | €34k | €48k | ▲ 42.5% |
| Furniture and vehicles24 | - | €5k | €2k | €575 | €121k | ▲ 21,020% |
| Other tangible fixed assets26 | - | €780k | €760k | €741k | €722k | ▼ 2.6% |
| Current assets29/58 | €409k | €258k | €491k | €868k | €2.32M | ▲ 168% |
| Amounts receivable within one year40/41 | €47k | €45k | €58k | €92k | €173k | ▲ 87.5% |
| Trade receivables40 | - | €40k | €37k | €60k | €151k | ▲ 151% |
| Other amounts receivable41 | - | €5k | €21k | €32k | €22k | ▼ 30.6% |
| Current investments50/53 | - | - | - | - | €2.13M | - |
| Cash at bank and in hand54/58 | €358k | €209k | €429k | €773k | €5k | ▼ 99.3% |
| Deferred charges and accrued income490/1 | - | €4k | €4k | €3k | €11k | ▲ 311% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €932k | €1.21M | €1.41M | €1.83M | €3.66M | ▲ 99.3% |
| Equity10/15 | €374k | €597k | €793k | €793k | €1.38M | ▲ 74.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €355k | €578k | €774k | €774k | €1.36M | ▲ 76.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €576k | €772k | €774k | €1.36M | ▲ 76.0% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €557k | €612k | €614k | €1.04M | €2.27M | ▲ 118% |
| Amounts payable after more than one year17 | €500k | €510k | €435k | €358k | €41k | ▼ 88.7% |
| Financial debts170/4 | - | €510k | €435k | €358k | €41k | ▼ 88.7% |
| Amounts payable within one year42/48 | €51k | €91k | €165k | €664k | €2.23M | ▲ 236% |
| Current portion of amounts payable after more than one year42 | - | €75k | €76k | €76k | €68k | ▼ 11.2% |
| Trade debts44 | €5k | €4k | €65k | €65k | €6k | ▼ 90.5% |
| Suppliers440/4 | - | €4k | €65k | €65k | €6k | ▼ 90.5% |
| Taxes, remuneration and social security45 | - | €742 | €11k | €96k | €638k | ▲ 566% |
| Taxes450/3 | - | €742 | €11k | €96k | €638k | ▲ 566% |
| Other amounts payable47/48 | - | €11k | €14k | €427k | €1.52M | ▲ 255% |
| Accrued charges and deferred income492/3 | - | €11k | €14k | €19k | €5k | ▼ 71.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €181k | €223k | €196k | €422k | €2.86M | ▲ 578% |
| + Depreciation and write-downs630 | €78k | €90k | €35k | €53k | €127k | ▲ 139% |
| Operating cash flow (approximation) | €259k | €312k | €231k | €475k | €2.99M | ▲ 529% |
| Investment in fixed assets (approximation) | - | €-518k | €0 | €-103k | €-494k | ▼ 379% |
| Change in cash | - | €-149k | €220k | €344k | €-767k | ▼ 323% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €2.86M ▲578%
Operating result €3.80M, net result €2.86M, both a record.
31-03
Financial
Equity above €1MEq €1.38M ▲74.3%
7 profitable years in a row build equity to €1.38M.
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Equity above €500kEq €597k ▲59.5%
4 profitable years in a row build equity to €597k.
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Liquidity times 8current ratio 7.98
Current ratio from 1.03 to 7.98; short-term debt falls from €502k to €51k.
31-03
Financial
Equity above €200kEq €374k ▲93.6%
3 profitable years in a row build equity to €374k.
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Elsene · 1 establishment unit since 2017
Ground area
718 m²
Building footprint
554 m²
Volume, LiDAR
15,662 m³
Parcel 21443A0230/00W000, Brussels · tallest building 31.2 m, ±10 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
BELIDES
since 20172.260.231.840
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443A0230/00W000 | Brussels | 718 m² | 1 · 554 m² | 31.2 m · 10 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.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,896. 2,539 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
Founded04-01-2017
Fiscal year end31-03
Activities, NACEBEL 2025
73300Public relations and communication consultancy
64210Activities of holding companies
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.