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Belimco-Mol

Active Public limited companyfounded 1997active for 29 yearsKerkstraat 21, 9870 ZulteKBO/BCE: BE 0461.198.772

Lifetime

19 annual accounts with figures on one time axis, 27 filings since 1999
peak €193,388 (2010)
€170,706▲ 34.4%
lowest -€39,751 (2019)
€43,416▲ 31×
peak €388,260 (2016)
€368,024▲ 13.4%
€324,240▼ 9.8%
peak 0.7 FTE (2010)
-not published
Board4 names since 2016
2 directorsTOELEN Elias Andries Filip and 1 other
Documentsfilings and deeds
10-10-202521 days before the deadline
2025micro format
Gross margin from €127,001 to €170,706Result from €1,382 to €43,416Equity from €324,608 to €368,024Cash from €26,520 to €106,871

Key points

from the 2025 annual accounts

Turnover

≈ €300,000 estimated

The accounts state no turnover.

Filings

27 annual accounts 7 days past the deadline
deadline200020102020

2026 accounts not filed: deadline was 31-10-2026.

Position in the sector

€368,024

More equity than 80% of companies in real estate. Sector median €73,185 · 17,194 companies.

Checked score

96
Excellent
Financially stronger than 71% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025highest value 11-2025: < 0.1%▼ -0.1 percentage points vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: 0.1%▲ +0.1 percentage points vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength
Strong

76+5equity 51.2% of total assets
69+14short-term debt 8.9% · cash 14.9%
76+7return on assets 6.0%

Score breakdown

raises risk
Figures for financial year 2025 (filed on 10-10-2025)
lowers risk
Size: total assets €719,046
Liquidity: current ratio 2.37, cash €106,871
Equity €368,024 (51.2% of total assets)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 65% of them on solvency, 79% on liquidity, 72% on profitability and 70% on growth.

The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-03-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 31,368 companies had the same profile as Belimco-Mol has now. Each dot stands for 79 companies, two years later.

93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Belimco-Mol itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 31,368 companies, not a prediction for Belimco-Mol. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €35,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.37 (1.84 in 2024), above the usual 1.5. Short-term debt is 8.9% and cash 14.9% of total assets. 48.8% of the assets are financed with debt and provisions.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2025 (filed on 10-10-2025)
NBB · annual accounts
lowers risk · Size: total assets €719,046
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 2.37, cash €106,871
NBB · annual accounts
lowers risk · Equity €368,024 (51.2% of total assets)
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year €368,024
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 10-10-2025, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
not filed
2025
21 days early
2024
1 day early
2023
on the day
2022
26 days early
2021
24 days early
2020
9 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 11 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

TE
Director, since 02-09-2022
TF
Director, since 02-09-2022
Board & ownership

Recent changes

Merger proposal: to be absorbed by LTA Share issue: €962 · Board meeting of 17-08-2026 · Gazette deed
Environmental permit granted Bouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Slopen van niet vrijstaande gebouwen of constructies · Zulte
Registered in the Peppol Directory Reachable for e-invoices through 0208:0461198772
4 directors appointed, 2 resignations Resignations: TOELEN Luc Ivo Louis and TOELEN Michiel André Cecile · Appointments: TOELEN Luc Ivo Louis, TOELEN Michiel André Cecile, TOELEN Florien Maria Stefaan and TOELEN Elias Andries Filip · “1.De aankoop,verkoop,ruiling,verwezenlijking,waardegeving,creatie,studie,algemene bouwondernemingen,in…” (deed in Dutch) · Gazette deed
All 38 events

Comparable companies

same main activity, similar in size and age
Company
Belimco-Mol Zulte €719,046 €170,706 51.2% -
GEEROMS MAKELAARS & CONSULTANCY Waasmunster €693,165 €195,412 67.5% -
i-Moov Ghent €862,333 €187,920 23.4% 2.3
PARTENAIRE IMMOBILIER Liège €703,297 €186,748 34.7% 3
P.G.A. Saint-Vith €811,417 €158,738 45.5% -
LUANS Dilsen-Stokkem €757,706 €192,289 11.2% -
GC Immo Ixelles €714,224 €195,540 8.1% -

These companies have the same main activity as Belimco-Mol: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €693,000 and €862,000, founded between 1996 and 2000.

Official details

Source: KBO
Status
Active since 28-07-1997Normal situation
Activity
Real estate agency activitiesNACE 68310and 1 other
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 31-03-2025
Establishment unit
2.131.872.8299870 Zulte, since 29-01-2002
Financial year end
31 March
Peppol
Reachable since 02-10-2025
Company details

Annual accounts to 31-03-2025

€719,046▲ 1.2%
Employeeson 31-03-2025
2=
Filing
Filed on 10-10-2025
Financials

Insights on Belimco-Mol

Belimco-Mol files the micro format. That format states no turnover. The gross margin rose from €71,407 in 2007 to €170,706 in 2025.

The balance sheet grew most from 2023 to 2025 through fixed assets, financed with long-term debt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about Belimco-Mol

What is the company number of Belimco-Mol?
The company number of Belimco-Mol is 0461.198.772. The VAT number is the same number with BE in front: BE 0461.198.772.
Where is Belimco-Mol based?
The registered office is at Kerkstraat 21, 9870 Zulte.Company details
What does Belimco-Mol do?
According to the KBO register, the main activity is real estate agency activities (NACE 68310).
What is the legal form of Belimco-Mol?
Belimco-Mol is a public limited company (NV).
When was Belimco-Mol founded?
Belimco-Mol was founded on 28-07-1997.
Is Belimco-Mol still active?
Yes, Belimco-Mol is an active enterprise in the KBO register.
How many employees does Belimco-Mol have?
Belimco-Mol had an average of 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does Belimco-Mol fall under?
In its 31-03-2025 annual accounts, Belimco-Mol states joint committee 200 (Auxiliary committee for white-collar workers).
What is the turnover of Belimco-Mol?
The turnover in financial year 2025 is ≈ €300,000. This figure is estimated from the gross margin of €170,706 and 31 comparable companies (NACE 68310). It probably lies between €250,000 and €460,000.
Is Belimco-Mol profitable?
In financial year 2025, Belimco-Mol made a profit of €43,416.
Where can I find the annual accounts of Belimco-Mol?
Belimco-Mol filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.

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