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BELIMPEX

Active
Public limited companyfounded 198046 yrs activeRue de l'Ile-Monsin 129, 4020 Liège, BelgiumKBO/BCE: BE 0420.303.176
Summary

BELIMPEX has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €73.4m and a net result of €5.8m. Equity is growing by ~31% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability57▼-43
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
short-term debt: 0.9% and cash: 1.1% of total assets, and 1% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 46 years 0 50 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
99%
Return on assets
7.8%
Age of the figures
21 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
37 d early
2023
23 d early
2022
96 d early
2021
76 d early
2020
17 d early
2019
41 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 35 days before 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 11 April 1980, BELIMPEX was incorporated.1 Total assets went from EUR 16 million in 2018 to EUR 74 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5.8m▼ 75.4%
2023 · €23.7m
Working capital
€73.4m▲ 21.6%
2023 · €60.4m
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
Line20202021202220232024
Operating result-€88,486▼ 2.0%-€130,599▼ 47.6%-€208,456▼ 59.6%-€224,893▼ 7.9%€1.4m
Net result€3.5m▼ 14.1%€3.5m▲ 0.1%€14.9m▲ 325%€23.7m▲ 59.2%€5.8m▼ 75.4%
Equity€25.5m▲ 34.1%€29.0m▲ 13.7%€43.9m▲ 51.2%€67.5m▲ 53.9%€73.4m▲ 8.6%
Total assets€25.7m▲ 31.3%€29.2m▲ 13.6%€44.2m▲ 51.1%€68.2m▲ 54.4%€74.1m▲ 8.7%
Debt€188,254▼ 66.0%€188,649▲ 0.2%€266,280▲ 41.2%€624,216▲ 134%€714,673▲ 14.5%
Working capital€14.5m▲ 43.9%€18.0m▲ 24.2%€32.9m▲ 83.1%€60.4m▲ 83.3%€73.4m▲ 21.6%
Result per fiscal year
Operating resultNet result
-€10.0m€0€10.0m€20.0mOperating result 2020: -€88,486-€88,486Net result 2020: €3.5m€3.5mOperating result 2021: -€130,599-€130,599Net result 2021: €3.5m€3.5mOperating result 2022: -€208,456-€208,456Net result 2022: €14.9m€14.9mOperating result 2023: -€224,893-€224,893Net result 2023: €23.7m€23.7mOperating result 2024: €1.4m€1.4mNet result 2024: €5.8m€5.8m20202021202220232024-€10m€0€10m€20mOperating result 2022: -€208,456-€208,000Net result 2022: €14.9m€15mOperating result 2023: -€224,893-€225,000Net result 2023: €23.7m€24mOperating result 2024: €1.4m€1.4mNet result 2024: €5.8m€5.8m202220232024
The operating result returns to profit in 2024: €1.4m after a loss of €224,893 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €74.1m
Equity €73.4m ▲ 8.6%
Debt €714,673 ▲ 14.5%
Debt's share of the balance-sheet total stays at 1.0%.
Key figures and ratios
2024 value · change against 2023
Debt to equity
0.01▲
2023 · 0.01
ROE
7.9%▼
2023 · 35.0%
ROA
7.8%▼
2023 · 34.7%
Debt ≤ 1 year
€640,038▲
2023 · €569,052
Income taxes
€991,431▲
2023 · €192,520
A ratio outside any meaningful range has been withheld (balance sheet total €74.1m, equity €73.4m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 353 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 98% are still going.

  • Large
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0% went bankrupt
2.3% stopped otherwise
98% still going

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 353 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet Code20232024
Assets
Total assets20/58€68.2m€74.1m▲
Fixed assets21/28€7.2m€0▼
Financial fixed assets28€7.2m€0▼
Current assets29/58€60.9m€74.1m▲
Amounts receivable after more than one year29€400,000€400,000=
Other amounts receivable291€400,000€400,000=
Amounts receivable within one year40/41€4.2m€2.1m▼
Other amounts receivable41€4.2m€2.1m▼
Current investments50/53€55.7m€70.6m▲
Cash at bank and in hand54/58€404,643€784,312▲
Deferred charges and accrued income490/1€229,661€123,683▼
Equity and liabilities
Total equity and liabilities10/49€68.2m€74.1m▲
Equity10/15€67.5m€73.4m▲
Contributions10/11€694,102€694,102=
Capital10€694,102€694,102=
Issued capital100€694,102€694,102=
Reserves13€66.8m€72.6m▲
Non-distributable reserves130/1€69,410€69,410=
Legal reserve130€69,410€69,410=
Tax-exempt reserves132€4,613€4,613=
Distributable reserves133€66.8m€72.6m▲
Profit (loss) carried forward14€9,739€18,676▲
Amounts payable17/49€624,216€714,673▲
Amounts payable within one year42/48€569,052€640,038▲
Trade debts44€48,140€118,350▲
Suppliers440/4€48,140€118,350▲
Taxes, remuneration and social security45€364,508€365,249▲
Taxes450/3€364,508€365,249▲
Other amounts payable47/48€156,404€156,439=
Accrued charges and deferred income492/3€55,165€74,635▲
Income statement Code20232024
Non-recurring operating income76A€52,974€1.8m▲
Other operating charges640/8€56,199€115,102▲
Gross operating margin9900-€168,694€1.5m▲
Operating profit (loss)9901-€224,893€1.4m▲
Financial income75/76B€24.2m€6.0m▼
Recurring financial income75€24.2m€6.0m▼
Financial charges65/66B€85,117€632,669▲
Recurring financial charges65€85,117€632,669▲
Profit (loss) for the period before taxes9903€23.8m€6.8m▼
Income taxes67/77€192,520€991,431▲
Profit (loss) for the period9904€23.7m€5.8m▼
Profit (loss) for the period to be appropriated9905€23.7m€5.8m▼
Appropriation of the result
Profit (loss) to be appropriated9906€23.7m€5.8m▼
Profit (loss) brought forward from the previous period14P€4,863€9,739▲
Transfer to equity691/2€23.7m€5.8m▼
To other reserves6921€23.7m€5.8m▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A---€52,974€1.8m▲ 3,271%
Operating charges60/66A-€130,599€208,456---
Services and other goods61-€101,502€154,903---
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0----
Other operating charges640/8-€29,097€53,554€56,199€115,102▲ 105%
Gross operating margin9900----€168,694€1.5m▲ 994%
Operating profit (loss)9901-€88,486-€130,599-€208,456-€224,893€1.4m▲ 720%
Financial income75/76B-€3.8m€16.3m€24.2m€6.0m▼ 75.0%
Recurring financial income75€4.0m€3.8m€16.3m€24.2m€6.0m▼ 75.0%
Income from financial fixed assets750-€3.5m€15.0m---
Income from current assets751-€261,384€1.2m---
Other financial income752/9-€83,458€45,530---
Financial charges65/66B-€141,540€933,889€85,117€632,669▲ 643%
Recurring financial charges65€326,867€141,540€933,889€85,117€632,669▲ 643%
Debt charges650€33,255€27,350€27,095---
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€113,934€906,794---
Other financial charges652/9-€256----
Profit (loss) for the period before taxes9903€3.6m€3.6m€15.1m€23.8m€6.8m▼ 71.5%
Income taxes67/77€96,907€69,339€273,698€192,520€991,431▲ 415%
Taxes670/3-€70,127€274,335---
Tax adjustments and reversals of tax provisions77-€788€637---
Profit (loss) for the period9904€3.5m€3.5m€14.9m€23.7m€5.8m▼ 75.4%
Profit (loss) for the period to be appropriated9905€3.5m€3.5m€14.9m€23.7m€5.8m▼ 75.4%
Line20202021202220232024Change
Assets
Total assets20/58€25.7m€29.2m€44.2m€68.2m€74.1m▲ 8.7%
Fixed assets21/28€11.0m€11.0m€11.0m€7.2m€0▼ 100%
Financial fixed assets28€11.0m€11.0m€11.0m€7.2m€0▼ 100%
Affiliated companies280/1-€11.0m€11.0m---
Participating interests280-€7.5m€7.5m---
Amounts receivable281-€3.6m€3.6m---
Current assets29/58€14.7m€18.2m€33.1m€60.9m€74.1m▲ 21.5%
Amounts receivable after more than one year29-€400,000€400,000€400,000€400,000=
Trade receivables290-€0----
Other amounts receivable291-€400,000€400,000€400,000€400,000=
Amounts receivable within one year40/41€31,400€3.5m€15.2m€4.2m€2.1m▼ 49.0%
Trade receivables40-€0----
Other amounts receivable41-€3.5m€15.2m€4.2m€2.1m▼ 49.0%
Current investments50/53€10.4m€13.1m€13.9m€55.7m€70.6m▲ 26.8%
Other investments51/53-€13.1m€13.9m---
Cash at bank and in hand54/58€4.2m€1.1m€3.6m€404,643€784,312▲ 93.8%
Deferred charges and accrued income490/1-€11,847€18,918€229,661€123,683▼ 46.1%
Equity and liabilities
Total equity and liabilities10/49€25.7m€29.2m€44.2m€68.2m€74.1m▲ 8.7%
Equity10/15€25.5m€29.0m€43.9m€67.5m€73.4m▲ 8.6%
Contributions10/11€694,102€694,102€694,102€694,102€694,102=
Capital10-€694,102€694,102€694,102€694,102=
Issued capital100-€694,102€694,102€694,102€694,102=
Reserves13€24.8m€28.3m€43.2m€66.8m€72.6m▲ 8.7%
Non-distributable reserves130/1-€69,410€69,410€69,410€69,410=
Legal reserve130-€69,410€69,410€69,410€69,410=
Tax-exempt reserves132-€4,613€4,613€4,613€4,613=
Distributable reserves133-€28.3m€43.1m€66.8m€72.6m▲ 8.7%
Profit (loss) carried forward14€4,412€4,277€4,863€9,739€18,676▲ 91.8%
Amounts payable17/49€188,254€188,649€266,280€624,216€714,673▲ 14.5%
Amounts payable after more than one year17€0-----
Amounts payable within one year42/48€185,532€185,650€174,142€569,052€640,038▲ 12.5%
Trade debts44€13,269€16,355€25,299€48,140€118,350▲ 146%
Suppliers440/4-€16,355€25,299€48,140€118,350▲ 146%
Taxes, remuneration and social security45-€20,495€42€364,508€365,249▲ 0.2%
Taxes450/3-€20,495€42€364,508€365,249▲ 0.2%
Other amounts payable47/48-€148,800€148,800€156,404€156,439=
Accrued charges and deferred income492/3-€3,000€92,139€55,165€74,635▲ 35.3%
Line20202021202220232024Change
Profit (loss) for the period9904€3.5m€3.5m€14.9m€23.7m€5.8m▼ 75.4%
Operating cash flow (approximation)€3.5m€3.5m€14.9m€23.7m€5.8m▼ 75.4%
Investment in fixed assets (approximation)-€0€0€3.8m€7.2m▲ 89.3%
Change in cash--€3.1m€2.5m-€3.2m€379,669▲ 112%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
24-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
08-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Highest result since 2018net €23.7m ▲59.2%
Net result €23.7m, the highest in the series.
31-12
Financial Equity above €50mEq €67.5m ▲53.9%
6 profitable years in a row build equity to €67.5m.
26-04
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
16-05
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
14-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Liquidity quadruplescurrent ratio 79.11
Current ratio from 20.01 to 79.11; short-term debt falls from €529,840 to €185,532.
31-12
Financial Equity above €25mEq €25.5m ▲34.1%
3 profitable years in a row build equity to €25.5m.
10-09
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 41 days late
2019
28-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
20-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
23-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 23 days late
2016
22-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Liège · 1 establishment unit since 1980
seat establishment The establishment unit on the map
Ground area
3.3 ha
Building footprint
671 m²
Volume, LiDAR
1,381 m³
2 parcels, Wallonia · tallest building 4.1 m, ±1 floor. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Avenue Rogier 24, 4000 Liège
NACE 51510
since 19802.017.454.005
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62809A0651/00G002 Wallonia 3.2 ha 1 · 370 m² 4.1 m · 1 fl.
62805B0476/00G024 Wallonia 638 m² 1 · 302 m² -
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

Owners 0

The accounts to 31-12-2023 list no shareholders, and no other source names one.

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

Stated earlier (1)

An older source named these holdings; newer accounts no longer list them.

According to the 2023 annual accounts of BELIMPEX and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Legal Entity Identifier

549300UVWM5PXZ038N06
live in the LEI register

Identification & contact

Identification
Legal formPublic limited company
Founded11-04-1980
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.