BELIMAS
ActiveSummary
BELIMAS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €403,142 and a net result of -€32,574. Equity is growing by ~10.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-66
Solvency100▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 56.69 against 5.66 in 2024; short-term debt: 1.7% and cash: 95.9% of total assets), and 15.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
84.6%
Return on assets
-6.8%
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 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
on the day
2022
1 d early
2021
4 d late
2020
59 d late
2019
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 13 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 31 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€403,142▼ 30.0%
2024 · €575,716
Total assets
€476,762▼ 38.7%
2024 · €778,253
Net result
-€32,574
2024 · €44,477
Working capital
€450,532▼ 29.4%
2024 · €638,155
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€83,646▼ 51.2%€193,438▲ 131%-€39,361€53,193-€32,025
Net result€74,673▼ 25.8%€130,238▲ 74.4%-€39,747€44,477-€32,574
Equity€440,747▲ 15.7%€570,986▲ 29.5%€531,239▼ 7.0%€575,716▲ 8.4%€403,142▼ 30.0%
Total assets€852,043▼ 22.5%€867,155▲ 1.8%€824,121▼ 5.0%€778,253▼ 5.6%€476,762▼ 38.7%
Debt€411,296▼ 42.8%€296,169▼ 28.0%€292,882▼ 1.1%€202,537▼ 30.8%€73,620▼ 63.7%
Working capital€502,077▲ 53.9%€633,666▲ 26.2%€594,502▼ 6.2%€638,155▲ 7.3%€450,532▼ 29.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €32,025 after €53,193 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €476,762
Fixed assets
€18,141 ▲ 487%
Current assets
€458,621 ▼ 40.8%
Equity and liabilities €476,762
Equity
€403,142 ▼ 30.0%
Debt
€73,620 ▼ 63.7%
Debt's share of the balance-sheet total falls from 26.0% to 15.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€29,074▼
2024 · €54,868
Cash flow
-€29,623▼
2024 · €46,152
Current ratio
56.69▲
2024 · 5.66
Debt to equity
0.18▼
2024 · 0.35
ROE
-8.1%▼
2024 · 7.7%
ROA
-6.8%▼
2024 · 5.7%
Interest coverage
-151.69▼
2024 · 193.15
Debt ≤ 1 year
€8,089▼
2024 · €137,007
Income taxes
€358▼
2024 · €8,432
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,687 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.6%
went bankrupt
5.4%
stopped otherwise
94%
still going
A further 0.3% 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 497,338 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% | 1.9% |
| 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 2,687 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,500 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,297 | €1,351 | €1,633 | €1,675 | €2,951 | ▲ 76.1% |
| Other operating charges640/8 | - | €6,041 | €7,620 | €1,037 | €528 | ▼ 49.1% |
| Gross operating margin9900 | €139,365 | €200,830 | -€30,109 | €55,906 | -€28,546 | ▼ 151% |
| Operating profit (loss)9901 | €83,646 | €193,438 | -€39,361 | €53,193 | -€32,025 | ▼ 160% |
| Financial income75/76B | - | - | €0 | - | €0 | - |
| Recurring financial income75 | €18,409 | - | €0 | - | €0 | - |
| Financial charges65/66B | - | €392 | €274 | €284 | €192 | ▼ 32.5% |
| Recurring financial charges65 | €1,527 | €392 | €274 | €284 | €192 | ▼ 32.5% |
| Profit (loss) for the period before taxes9903 | €100,528 | €193,046 | -€39,635 | €52,909 | -€32,217 | ▼ 161% |
| Income taxes67/77 | €25,855 | €62,808 | €112 | €8,432 | €358 | ▼ 95.8% |
| Profit (loss) for the period9904 | €74,673 | €130,238 | -€39,747 | €44,477 | -€32,574 | ▼ 173% |
| Profit (loss) for the period to be appropriated9905 | €74,673 | €130,238 | -€39,747 | €44,477 | -€32,574 | ▼ 173% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €852,043 | €867,155 | €824,121 | €778,253 | €476,762 | ▼ 38.7% |
| Fixed assets21/28 | €4,201 | €2,850 | €2,267 | €3,092 | €18,141 | ▲ 487% |
| Tangible fixed assets22/27 | €4,201 | €2,850 | €2,267 | €3,092 | €18,141 | ▲ 487% |
| Plant, machinery and equipment23 | - | €159 | €79 | €1,991 | €1,158 | ▼ 41.9% |
| Furniture and vehicles24 | - | €2,691 | €2,188 | €1,101 | €16,983 | ▲ 1,443% |
| Current assets29/58 | €847,842 | €864,305 | €821,854 | €775,161 | €458,621 | ▼ 40.8% |
| Amounts receivable after more than one year29 | - | €170,000 | €170,000 | - | - | - |
| Other amounts receivable291 | - | €170,000 | €170,000 | - | - | - |
| Stocks and contracts in progress3 | €563,206 | €184,223 | €199,752 | - | - | - |
| Stocks30/36 | - | €184,223 | €199,752 | - | - | - |
| Amounts receivable within one year40/41 | €184,869 | - | €223,865 | - | €505 | - |
| Trade receivables40 | - | - | - | - | €505 | - |
| Other amounts receivable41 | - | - | €223,865 | - | - | - |
| Current investments50/53 | - | - | - | €56 | - | - |
| Cash at bank and in hand54/58 | €99,767 | €509,431 | €227,513 | €774,608 | €457,347 | ▼ 41.0% |
| Deferred charges and accrued income490/1 | - | €651 | €724 | €498 | €769 | ▲ 54.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €852,043 | €867,155 | €824,121 | €778,253 | €476,762 | ▼ 38.7% |
| Equity10/15 | €440,747 | €570,986 | €531,239 | €575,716 | €403,142 | ▼ 30.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | €12,400 | €12,400 | - | - | - |
| Outside capital11 | - | - | - | €6,200 | €6,200 | = |
| Other1109/19 | - | - | - | €6,200 | €6,200 | = |
| Reserves13 | €360,442 | €490,680 | €490,680 | €535,157 | €395,157 | ▼ 26.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €488,820 | €488,820 | €533,297 | €393,297 | ▼ 26.3% |
| Profit (loss) carried forward14 | €74,106 | €74,106 | €34,359 | €34,359 | €1,785 | ▼ 94.8% |
| Amounts payable17/49 | €411,296 | €296,169 | €292,882 | €202,537 | €73,620 | ▼ 63.7% |
| Amounts payable within one year42/48 | €345,765 | €230,639 | €227,352 | €137,007 | €8,089 | ▼ 94.1% |
| Trade debts44 | €56,419 | €8,875 | €859 | €1,371 | - | - |
| Suppliers440/4 | - | €8,875 | €859 | €1,371 | - | - |
| Taxes, remuneration and social security45 | - | €17,722 | €27,833 | €23,373 | €7,330 | ▼ 68.6% |
| Taxes450/3 | - | €17,722 | €17,833 | €8,373 | €7,330 | ▼ 12.5% |
| Remuneration and social security454/9 | - | - | €10,000 | €15,000 | - | - |
| Other amounts payable47/48 | - | €204,043 | €198,659 | €112,263 | €760 | ▼ 99.3% |
| Accrued charges and deferred income492/3 | - | €65,530 | €65,530 | €65,530 | €65,530 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74,673 | €130,238 | -€39,747 | €44,477 | -€32,574 | ▼ 173% |
| + Depreciation and write-downs630 | €1,297 | €1,351 | €1,633 | €1,675 | €2,951 | ▲ 76.1% |
| Operating cash flow (approximation) | €75,970 | €131,589 | -€38,114 | €46,152 | -€29,623 | ▼ 164% |
| Investment in fixed assets (approximation) | - | €0 | -€1,050 | -€2,500 | -€18,000 | ▼ 620% |
| Change in cash | - | €409,664 | -€281,919 | €547,095 | -€317,261 | ▼ 158% |
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
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Liquidity times 10current ratio 56.69
Current ratio from 5.66 to 56.69; short-term debt falls from €137,007 to €8,089.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €44,477
Net result €44,477 after one loss-making year.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet -€39,747
Net result drops to -€39,747, the lowest in the series; recovery starts the following year.
2022
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €130,238 ▲74.4%
Operating result €193,438, net result €130,238, both a record.
31-03
Financial
Equity above €500,000Eq €570,986 ▲29.5%
4 profitable years in a row build equity to €570,986.
2021
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2019
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
Show earlier events
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
26-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Meise
Ground area
1,565 m²
Building footprint
216 m²
Volume, LiDAR
1,314 m³
Parcel 23050F0193/00B004, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23050F0193/00B004 | Flanders | 1,565 m² | 1 · 216 m² | 8.8 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.
Recognitions · licences · registrations
Legal Entity Identifier
699400KU21E32GMFV686
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded29-12-2009
Fiscal year end31-03
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821821315
Also
9925:BE0821821315
Registered
07-09-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.