BELIEN
ActiveThe file of BELIEN contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is ≥ 25% (high). The 2025 annual accounts show negative equity (-€256,073) and a net result of €7,986. Equity is shrinking by ~44.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 1893 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability32▲+12
Solvency0=
Growth58▲+26
Track record60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54 against 0.5 in 2024; short-term debt: 172.2% and cash: 8.6% of total assets), and equity is negative.
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Signals
Seven 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-76.1%
Return on assets
2.4%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1893 sector peers (2025).
NBB · sector comparisonPosition among 1893 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-12-2025, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
70 d early
2023
26 d early
2022
22 d early
2021
6 d early
2020
39 d early
2019
32 d early
← 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 36 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 5 January (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€256,073▲ 3.0%
2024 · -€264,060
Total assets
€336,362▲ 29.6%
2024 · €259,469
Net result
€7,986
2024 · -€10,240
Working capital
-€264,021▼ 4.6%
2024 · -€252,506
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Operating result€29,550-€65,817-€113,624▼ 72.6%€30,987€28,689▼ 7.4%
Net result€21,187within the sector's middle half-€83,256below the sector's middle half-€148,975below the sector's middle half▼ 78.9%-€10,240below the sector's middle half▲ 93.1%€7,986within the sector's middle half
Equity-€21,588below the sector's middle half▲ 49.5%-€104,845below the sector's middle half▼ 386%-€253,819below the sector's middle half▼ 142%-€264,060below the sector's middle half▼ 4.0%-€256,073below the sector's middle half▲ 3.0%
Total assets€271,658below the sector's middle half▲ 28.7%€268,088below the sector's middle half▼ 1.3%€202,897below the sector's middle half▼ 24.3%€259,469within the sector's middle half▲ 27.9%€336,362within the sector's middle half▲ 29.6%
Debt€293,246▲ 15.5%€372,932▲ 27.2%€456,717▲ 22.5%€523,529▲ 14.6%€592,436▲ 13.2%
Working capital-€46,681below the sector's middle half▲ 15.4%-€114,889below the sector's middle half▼ 146%-€241,096below the sector's middle half▼ 110%-€252,506below the sector's middle half▼ 4.7%-€264,021below the sector's middle half▼ 4.6%
Solvency-7.9%below the sector's middle half▲ 12.3pp-39.1%below the sector's middle half▼ 31.2pp-125.1%below the sector's middle half▼ 86.0pp-101.8%below the sector's middle half▲ 23.3pp-76.1%below the sector's middle half▲ 25.6pp
Current ratio0.84below the sector's middle half▲ 0.060.69below the sector's middle half▼ 0.150.44below the sector's middle half▼ 0.250.50below the sector's middle half▲ 0.060.54below the sector's middle half▲ 0.05
Return on assets (ROA)7.8%within the sector's middle half▲ 12.8pp-31.1%below the sector's middle half▼ 38.9pp-73.4%below the sector's middle half▼ 42.4pp-3.9%below the sector's middle half▲ 69.5pp2.4%within the sector's middle half▲ 6.3pp
Staff (FTE)7.2within the sector's middle half▼ 13.3%8.4within the sector's middle half▲ 16.7%8.7within the sector's middle half▲ 3.6%9.4▲ 8.0%7.8within the sector's middle half▼ 17.0%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result +93% on 2023. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €336,362
Fixed assets
€21,196 ▲ 127%
Current assets
€315,166 ▲ 26.0%
Key figures and ratios
EBITDA
€32,793▼
2024 · €33,651
Cash flow
€12,090▲
2024 · -€7,576
Debt to equity
-2.31▼
2024 · -1.98
Interest coverage
1.20▲
2024 · 0.79
Debt ≤ 1 year
€579,187▲
2024 · €502,649
Debt > 1 year
€1,945▼
2024 · €6,667
Income taxes
€8▲
2024 · €4
Staff costs
€383,053▼
2024 · €394,042
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.5%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: ≥ 25% 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 1,448 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €403,783 | €371,220 | €394,042 | €383,053 | ▼ 2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,519 | €4,846 | €3,864 | €2,664 | €4,104 | ▲ 54.0% |
| Other operating charges640/8 | - | €88,924 | €96,568 | €78,509 | €91,082 | ▲ 16.0% |
| Gross operating margin9900 | €459,333 | €431,736 | €358,029 | €506,202 | €506,929 | ▲ 0.1% |
| Operating profit (loss)9901 | €29,550 | -€65,817 | -€113,624 | €30,987 | €28,689 | ▼ 7.4% |
| Financial income75/76B | - | €387 | €154 | €1,353 | €6,745 | ▲ 398% |
| Recurring financial income75 | €22 | €387 | €154 | €1,353 | €6,745 | ▲ 398% |
| Financial charges65/66B | - | €17,826 | €35,505 | €42,577 | €27,439 | ▼ 35.6% |
| Recurring financial charges65 | €8,218 | €17,826 | €35,505 | €42,577 | €27,439 | ▼ 35.6% |
| Profit (loss) for the period before taxes9903 | €21,354 | -€83,256 | -€148,975 | -€10,237 | €7,995 | ▲ 178% |
| Income taxes67/77 | €168 | €0 | - | €4 | €8 | ▲ 118% |
| Profit (loss) for the period9904 | €21,187 | -€83,256 | -€148,975 | -€10,240 | €7,986 | ▲ 178% |
| Profit (loss) for the period to be appropriated9905 | €21,187 | -€83,256 | -€148,975 | -€10,240 | €7,986 | ▲ 178% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €271,658 | €268,088 | €202,897 | €259,469 | €336,362 | ▲ 29.6% |
| Fixed assets21/28 | €25,440 | €14,293 | €12,554 | €9,326 | €21,196 | ▲ 127% |
| Tangible fixed assets22/27 | €22,660 | €11,513 | €9,774 | €4,791 | €16,586 | ▲ 246% |
| Plant, machinery and equipment23 | - | €200 | €0 | - | - | - |
| Furniture and vehicles24 | - | €11,313 | €8,074 | €3,516 | €15,736 | ▲ 348% |
| Other tangible fixed assets26 | - | - | €1,700 | €1,275 | €850 | ▼ 33.3% |
| Financial fixed assets28 | €2,780 | €2,780 | €2,780 | €4,535 | €4,610 | ▲ 1.7% |
| Current assets29/58 | €246,218 | €253,794 | €190,343 | €250,143 | €315,166 | ▲ 26.0% |
| Amounts receivable within one year40/41 | €215,627 | €243,639 | €177,982 | €231,827 | €272,511 | ▲ 17.5% |
| Trade receivables40 | - | €235,067 | €167,183 | €177,006 | €122,923 | ▼ 30.6% |
| Other amounts receivable41 | - | €8,572 | €10,799 | €54,821 | €149,587 | ▲ 173% |
| Cash at bank and in hand54/58 | €6,277 | €3,229 | €720 | €2,698 | €29,083 | ▲ 978% |
| Deferred charges and accrued income490/1 | - | €6,926 | €11,641 | €15,618 | €13,573 | ▼ 13.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €271,658 | €268,088 | €202,897 | €259,469 | €336,362 | ▲ 29.6% |
| Equity10/15 | -€21,588 | -€104,845 | -€253,819 | -€264,060 | -€256,073 | ▲ 3.0% |
| Contributions10/11 | - | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €1,900 | €1,900 | €1,900 | €1,900 | €0 | ▼ 100% |
| Non-distributable reserves130/1 | - | €1,900 | €1,900 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,900 | €1,900 | €0 | - | - |
| Distributable reserves133 | - | - | - | €1,900 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€63,488 | -€146,745 | -€295,719 | -€305,960 | -€296,073 | ▲ 3.2% |
| Amounts payable17/49 | €293,246 | €372,932 | €456,717 | €523,529 | €592,436 | ▲ 13.2% |
| Amounts payable after more than one year17 | - | - | €4,688 | €6,667 | €1,945 | ▼ 70.8% |
| Financial debts170/4 | - | - | €4,688 | €6,667 | €1,945 | ▼ 70.8% |
| Amounts payable within one year42/48 | €292,899 | €368,683 | €431,439 | €502,649 | €579,187 | ▲ 15.2% |
| Current portion of amounts payable after more than one year42 | - | €36,772 | €18,750 | €20,000 | €23,333 | ▲ 16.7% |
| Financial debts43 | - | €48,820 | €48,304 | €50,836 | €48,750 | ▼ 4.1% |
| Credit institutions430/8 | - | €48,820 | €48,304 | €50,836 | €48,750 | ▼ 4.1% |
| Trade debts44 | €136,412 | €180,971 | €168,993 | €127,562 | €103,792 | ▼ 18.6% |
| Suppliers440/4 | - | €180,971 | €168,993 | €127,562 | €103,792 | ▼ 18.6% |
| Taxes, remuneration and social security45 | - | €82,719 | €165,597 | €304,250 | €403,312 | ▲ 32.6% |
| Taxes450/3 | - | €908 | €33,535 | €125,144 | €157,683 | ▲ 26.0% |
| Remuneration and social security454/9 | - | €81,811 | €132,062 | €179,107 | €245,630 | ▲ 37.1% |
| Other amounts payable47/48 | - | €19,402 | €29,795 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €4,249 | €20,590 | €14,213 | €11,304 | ▼ 20.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,187 | -€83,256 | -€148,975 | -€10,240 | €7,986 | ▲ 178% |
| + Depreciation and write-downs630 | €5,519 | €4,846 | €3,864 | €2,664 | €4,104 | ▲ 54.0% |
| Operating cash flow (approximation) | €26,705 | -€78,410 | -€145,111 | -€7,576 | €12,090 | ▲ 260% |
| Investment in fixed assets (approximation) | - | €6,300 | -€2,125 | €565 | -€15,974 | ▼ 2,929% |
| Change in cash | - | -€3,048 | -€2,510 | €1,978 | €26,385 | ▲ 1,234% |
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
2025
03-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Back to profitnet €7,986
Net result €7,986 after 3 loss-making years.
2024
12-12
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Antwerpen · event 06-12-2024
22-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
23-10
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · collective agreement · event 11-10-2024
05-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Weakest financial yearnet -€148,975
Net result drops to -€148,975, the lowest in the series; recovery starts the following year.
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Back to profitnet €21,187
Net result €21,187 after one loss-making year.
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Alken · 1 establishment unit since 2004
Ground area
586 m²
Building footprint
123 m²
Volume, LiDAR
628 m³
Parcel 73302D0652/00H000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BELIËN
since 20042.137.441.619
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73302D0652/00H000 | Flanders | 586 m² | 1 · 123 m² | 7.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 331 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 331 EUR | 0 EUR |
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Of 12,582 companies in sector 49410 we hold annual accounts for 8,205. 2,477 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-04-2004
Fiscal year end30-06
Activities, NACEBEL 2025
49410Freight transport by road
43130Specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0864693533
Also
9925:BE0864693533
Registered
27-06-2025
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.