Equity
€63,070 from €431,160 in 2019
Equity fell by 85% in 5 years.
Belimex
Lifetime
18 annual accounts with figures on one time axis, 24 filings since 2000peak €1.8m (2024)
€1.8m▲ 50.2%
lowest -€237,693 (2023)
€39,771▲ €277,464
peak €431,160 (2019)
€63,070▲ 171%
€5.0m▲ 6.6%
peak 23 FTE (2020)
20 FTEunchanged
Board5 names since 2020
1 directorL.T.D.
Documentsfilings and deeds
13-02-2026197 days late
2024abbreviated format
Gross margin from €1.2m to €1.8mBack to profit: €39,771Equity from €23,299 to €63,070Cash from €6,850 to €1,283
Key points
from the 2024 annual accountsResult
€39,771 €39,771
Back in profit in 2024, after a loss of €237,693 in 2023.
Debts
€5.0m 99% of the balance sheet
Financial debts 38%Suppliers 6%Taxes and wages 4%Other 52%
Of this, €961,741 falls due within a year.
Filings
24 annual accounts 25 filings, 99 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Board
1 joined · 1 left
Board changed. Latest change 23-10-2026 · 3 in office.
Position in the sector
1.3%
Lower solvency than 91% of companies in land transport. Sector median 41.6% · 1,855 companies.
Checked score
17
Critical
Financially stronger than 46% of small companies in land transport (NACE 49)
Probability in this band: over 15.0%
Bankruptcy probability within 12 months
16.4% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 1,180 companies (NACE 49, small).
About 1 in 6 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.0%lowest value
01-2025: 4.4%▲ +1.4 percentage points vs 12-2024
02-2025: 4.4%● unchanged vs 01-2025
03-2025: 5.7%▲ +1.3 percentage points vs 02-2025
04-2025: 5.7%● unchanged vs 03-2025
05-2025: 5.5%▼ -0.2 percentage points vs 04-2025
06-2025: 5.6%▲ +0.1 percentage points vs 05-2025
07-2025: 5.7%▲ +0.1 percentage points vs 06-2025
08-2025: 6.2%▲ +0.5 percentage points vs 07-2025
09-2025: 6.5%▲ +0.3 percentage points vs 08-2025
10-2025: 7.0%▲ +0.5 percentage points vs 09-2025
11-2025: 6.5%▼ -0.5 percentage points vs 10-2025
12-2025: 6.7%▲ +0.2 percentage points vs 11-2025
01-2026: 9.9%▲ +3.2 percentage points vs 12-2025
02-2026: 9.9%● unchanged vs 01-2026
03-2026: 4.2%▼ -5.7 percentage points vs 02-2026
04-2026: 4.2%● unchanged vs 03-2026
05-2026: 4.2%● unchanged vs 04-2026
06-2026: 4.3%▲ +0.1 percentage points vs 05-2026
07-2026: 4.2%▼ -0.1 percentage points vs 06-2026
08-2026: 4.9%▲ +0.7 percentage points vs 07-2026
09-2026: 5.5%▲ +0.6 percentage points vs 08-2026
10-2026: 10.3%▲ +4.8 percentage points vs 09-2026
11-2026: 16.4%▲ +6.1 percentage points vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 197 days late; 3 of the last 3 accounts late
1 change of registered office in 24 months
Ex-officio strike-off in the KBO
Liquidity: current ratio 2.41, cash €1,283, halved
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 49, small). It does better than 6% of them on solvency, 48% on liquidity, 33% on profitability and 98% 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 31-12-2024.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% 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, 1,217 companies had the same profile as Belimex has now. Each dot stands for 4 companies, two years later.
95.9%
were still trading
2.5%
stopped another way
1.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Belimex itself is higher: 16.4% within 12 months. It rests on far more data about Belimex than the profile alone.
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.
| 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 1,217 companies, not a prediction for Belimex. 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
No credit on open account
Liquidity is ample, with a current ratio of 2.41 (2.54 in 2023), above the usual 1.5. Short-term debt is 19.2% and cash 0% of total assets. However, 98.7% 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
Eight signals.
raises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1855 sector peers (2024).
NBB · sector comparisonPosition among 1855 sector peers
Solvency
better than 9%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 99 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline07-11-2026 today
raises risk · 2024 accounts filed 197 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-02-2026, 197 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
197 days late
2023
200 days late
2022
31 days late
2021
138 days late
2020
139 days late
2019
46 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 125 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 2 notices about the company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Recent changes
Address strikeout annulled
KBO administration
Registered office moved within Sint-Truiden
New registered office: Tongersesteenweg, 190 - Bus 3, 3800 Sint-Truiden · Previous registered office: N.B. de Borchravestraat 4450, 3800 Sint-Truiden · General meeting of 13-07-2026 · Gazette deed
1 director appointed, 1 resignation
Resignation: D.L.T. · Appointment: Alamer · Permanent representative: Frieda Bouveroux · General meeting of 27-05-2026 · Gazette deed
Address struck
effective 21-09-2026 · KBO administration
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Belimex Sint-Truiden | €5.0m | €1.8m | 1.3% | 20 |
| VAPTRANS Zoersel | €3.9m | €2.0m | 52.9% | 21.5 |
| ARKO Sint-Laureins | €4.0m | €1.8m | 33.3% | 17.1 |
| TRAVERBO Hooglede | €4.0m | €1.7m | 65.8% | 17.6 |
| MILKTRANS Ternat | €3.9m | €1.7m | 79.8% | 17.1 |
| Transport Gonnissen - Wenmakers Dilsen-Stokkem | €5.1m | €2.4m | 31.8% | 25.5 |
| EXTRADE INTERNATIONAL Beringen | €4.3m | €2.1m | 43.4% | 15.4 |
These companies have the same main activity as Belimex: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €3.9m and €5.1m, founded between 1990 and 2006.
Official details
Source: KBO- Status
- Active since 22-09-1999Normal situation
- Registered office
- 20 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- Freight transport by roadNACE 49410
- Establishment units
- 2.097.030.2313800 Sint-Truiden, since 05-01-2000
- 2.277.680.7548300 Knokke-Heist, since 01-01-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Insights on Belimex
Belimex files the abbreviated format. That format states no turnover. The gross margin rose from €291,692 in 2006 to €1.8m in 2024.
The balance sheet grew most from 2016 to 2018 through fixed assets, financed with long-term debt.
In March 2025, the Official Gazette published the appointment of Pascal Delcour as managing director.
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 Belimex
- What is the company number of Belimex?
- The company number of Belimex is 0466.897.523. The VAT number is the same number with BE in front: BE 0466.897.523.
- Where is Belimex based?
- The registered office is at Tongersesteenweg 190, 3800 Sint-Truiden.Company details
- What does Belimex do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of Belimex?
- Belimex is a public limited company (NV).
- When was Belimex founded?
- Belimex was founded on 22-09-1999.
- Is Belimex still active?
- Yes, Belimex is an active enterprise in the KBO register.
- How many employees does Belimex have?
- Belimex had an average of 20 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of Belimex?
- The turnover in financial year 2024 is ≈ €3.5m. This figure is estimated from the gross margin of €1.8m and 31 comparable companies (NACE 49410). It probably lies between €3.0m and €4.1m.
- Is Belimex profitable?
- In financial year 2024, Belimex made a profit of €39,771.
- Where can I find the annual accounts of Belimex?
- Belimex filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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