Belimex
ActiveBelimex has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €63k and a net result of €40k. Equity is shrinking by ~22.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 9% of 1850 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability69▲+35
Solvency26▲+1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity ample (current ratio 2.41 against 2.54 in 2023; short-term debt: 19.2% and cash: 0% of total assets), but 98.7% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 49
higher
← 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1850 sector peers (2024).
NBB · sector comparisonPosition among 1850 sector peers
Solvency
better than 9%
← weakest
strongest →
raises risk · Filed more than 90 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: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
197 d late
2023
200 d late
2022
31 d late
2021
138 d late
2020
139 d late
2019
46 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€63k▲ 171%
2023 · €23k
2018: €412k
2019: €431k
2020: €296k
2021: €259k
2022: €261k
2023: €23k
2018 → 2024
Total assets
€5.02M▲ 7.4%
2023 · €4.67M
2018: €3.89M
2019: €3.56M
2020: €3.17M
2021: €3.14M
2022: €4.79M
2023: €4.67M
2018 → 2024
Net result
€40k
2023 · €-238k
2018: €13k
2019: €19k
2020: €-135k
2021: €11k
2022: €202k
2023: €-238k
2018 → 2024
Working capital
€1.35M▲ 10.4%
2023 · €1.23M
2018: €-224k
2019: €-289k
2020: €-315k
2021: €-282k
2022: €1.95M
2023: €1.23M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€296k-€259k▼ 12.7%€261k▲ 0.9%€23k▼ 91.1%€63k▲ 171%
Operating result€-26k-€-75k▼ 186%€220k€-160k€209k
Net result€-135k-€11k€202k▲ 1,683%€-238k€40k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €209k after a loss of €160k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.02M
Fixed assets
€2.70M▲ 1.9%
Current assets
€2.32M▲ 14.6%
Equity and liabilities €5.02M
Equity
€63k▲ 171%
Debt
€4.96M▲ 6.6%
The debt ratio falls from 99.5% to 98.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€729k▲
2023 · €240k
Cash flow
€560k▲
2023 · €162k
Solvency
1.3%▲
2023 · 0.5%
Current ratio
2.41▼
2023 · 2.54
Quick ratio
2.41▼
2023 · 2.54
Debt / equity
78.60
ROE
63.1%
ROA
0.8%▲
2023 · -5.1%
Interest coverage
5.90▲
2023 · 2.60
Debt
€4.96M▲
2023 · €4.65M
Debt ≤ 1 year
€962k▲
2023 · €794k
Debt > 1 year
€4.00M▲
2023 · €3.86M
Staff costs
€1.09M▲
2023 · €941k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€4.67M€5.02M▲
Fixed assets21/28€2.65M€2.70M▲
Tangible fixed assets22/27€2.65M€2.70M▲
Land and buildings22€1.35M€1.27M▼
Furniture and vehicles24€1.30M€1.43M▲
Financial fixed assets28€4k€4k=
Current assets29/58€2.02M€2.32M▲
Amounts receivable after more than one year29€851k€881k▲
Other amounts receivable291€851k€881k▲
Amounts receivable within one year40/41€1.16M€1.43M▲
Trade receivables40€552k€505k▼
Other amounts receivable41€611k€928k▲
Cash at bank and in hand54/58€7k€1k▼
Equity and liabilities
Total equity and liabilities10/49€4.67M€5.02M▲
Equity10/15€23k€63k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€340k€340k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€113k€113k=
Distributable reserves133€220k€220k=
Profit (loss) carried forward14€-378k€-339k▲
Amounts payable17/49€4.65M€4.96M▲
Amounts payable after more than one year17€3.86M€4.00M▲
Financial debts170/4€1.77M€1.88M▲
Other amounts payable178/9€2.09M€2.11M▲
Amounts payable within one year42/48€794k€962k▲
Current portion of amounts payable after more than one year42€437k€431k▼
Financial debts43€5k€5k▲
Credit institutions430/8€5k€5k▲
Trade debts44€188k€275k▲
Suppliers440/4€188k€275k▲
Taxes, remuneration and social security45€105k€209k▲
Taxes450/3€67k€170k▲
Remuneration and social security454/9€38k€39k▲
Other amounts payable47/48€59k€42k▼
Income statement
Code20232024
Remuneration, social security and pensions62€941k€1.09M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€400k€520k▲
Other operating charges640/8€41k€12k▼
Gross operating margin9900€1.22M€1.83M▲
Operating profit (loss)9901€-160k€209k▲
Financial income75/76B€119k€10k▼
Recurring financial income75€250€2k▲
Non-recurring financial income76B€118k€8k▼
Financial charges65/66B€196k€179k▼
Recurring financial charges65€93k€124k▲
Non-recurring financial charges66B€104k€55k▼
Profit (loss) for the period before taxes9903€-238k€40k▲
Profit (loss) for the period9904€-238k€40k▲
Profit (loss) for the period to be appropriated9905€-238k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-378k€-339k▲
Profit (loss) brought forward from the previous period14P€-141k€-378k▼
Social balance
Average headcount (FTE)908720.020.0=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
13-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 197 days late
2025
16-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 200 days late
2024
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
2023
31-12
Financial
Weakest financial yearnet €-238k ▼217%
Net result drops to €-238k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €202k ▲1683%
Operating result €220k, net result €202k, both a record.
31-12
Financial
Liquidity times 5current ratio 4.39
Current ratio from 0.81 to 4.39; short-term debt falls from €1.46M to €573k.
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 138 days late
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 139 days late
2020
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 46 days late
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 139 days late
2018
27-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 119 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Sint-Truiden · 2 establishment units since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
N.B. de Borchgravestraat 44503800 Sint-TruidenGround area
2,688 m²
Building footprint
699 m²
Volume, LiDAR
3,731 m³
2 parcels, Flanders · tallest building 22.9 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
Belimex
since 20002.097.030.231
Belimex
since 20182.277.680.754
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71352C0650/00D002 | Flanders | 2,536 m² | 1 · 612 m² | 4.1 m · 1 fl. |
| 31334B0204/00C000 | Flanders | 152 m² | 1 · 87 m² | 22.9 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2023 · 1 entry · 28,500 EUR awarded · 28,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 28,500 EUR | 28,500 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
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Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 6,145 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-09-1999
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.