Belintex
ActiveSummary
The computed 12-month bankruptcy probability of Belintex is 1.6% (moderate). The 2024 annual accounts show equity of €84k and a net result of €6k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 58% of 15865 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability73▼-6
Solvency74▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 2.01 in 2023; short-term debt: 27% and cash: 2.4% of total assets), and 51.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
48.9%
Return on assets
3.7%
Age of the figures
21 mo
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 12-06-2025, 49 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
49 d early
2023
43 d early
2022
31 d late
2021
29 d late
2020
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€84k▼ 19.4%
2023 · €104k
Total assets
€171k▼ 6.2%
2023 · €182k
Net result
€6k▼ 55.7%
2023 · €14k
Working capital
€11k▼ 69.2%
2023 · €35k
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€93k-€105k▲ 12.5%€151k▲ 44.1%€20k▼ 86.5%€14k▼ 30.2%
Net result€69k-€80k▲ 15.6%€117k▲ 45.6%€14k▼ 87.8%€6k▼ 55.7%
Equity€45k-€76k▲ 69.1%€129k▲ 69.5%€104k▼ 19.4%€84k▼ 19.4%
Total assets€75k-€86k▲ 14.3%€142k▲ 64.9%€182k▲ 28.6%€171k▼ 6.2%
Debt€30k-€10k▼ 67.1%€13k▲ 30.2%€79k▲ 506%€87k▲ 11.3%
Working capital€37k-€62k▲ 67.7%€109k▲ 77.3%€35k▼ 67.7%€11k▼ 69.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 30% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €171k
Fixed assets
€114k ▲ 1.7%
Current assets
€57k ▼ 18.6%
Equity and liabilities €171k
Equity
€84k ▼ 19.4%
Debt
€87k ▲ 11.3%
Debt's share of the balance-sheet total rises from 43.0% to 51.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€47k▲
2023 · €40k
Cash flow
€39k▲
2023 · €34k
Current ratio
1.24▼
2023 · 2.01
Quick ratio
1.07▼
2023 · 1.85
Debt to equity
1.04▲
2023 · 0.76
ROE
7.6%▼
2023 · 13.8%
ROA
3.7%▼
2023 · 7.8%
Interest coverage
9.68▼
2023 · 15.71
Debt ≤ 1 year
€46k▲
2023 · €35k
Debt > 1 year
€41k▼
2023 · €44k
Income taxes
€3k▼
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €4k | €8k | €20k | €33k | ▲ 66.9% |
| Other operating charges640/8 | - | - | - | €2k | €1k | ▼ 31.0% |
| Gross operating margin9900 | €99k | €109k | €159k | €42k | €48k | ▲ 15.8% |
| Operating profit (loss)9901 | €93k | €105k | €151k | €20k | €14k | ▼ 30.2% |
| Financial income75/76B | - | €20 | €81 | €255 | €225 | ▼ 11.7% |
| Recurring financial income75 | €0 | €20 | €81 | €255 | €225 | ▼ 11.7% |
| Financial charges65/66B | - | €215 | €196 | €3k | €5k | ▲ 90.9% |
| Recurring financial charges65 | €410 | €215 | €196 | €3k | €5k | ▲ 90.9% |
| Profit (loss) for the period before taxes9903 | €93k | €105k | €151k | €18k | €10k | ▼ 47.0% |
| Income taxes67/77 | €23k | €24k | €34k | €4k | €3k | ▼ 14.2% |
| Profit (loss) for the period9904 | €69k | €80k | €117k | €14k | €6k | ▼ 55.7% |
| Profit (loss) for the period to be appropriated9905 | €69k | €80k | €117k | €14k | €6k | ▼ 55.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75k | €86k | €142k | €182k | €171k | ▼ 6.2% |
| Formation expenses20 | €737 | €521 | €304 | €88 | - | - |
| Fixed assets21/28 | €13k | €15k | €19k | €112k | €114k | ▲ 1.7% |
| Tangible fixed assets22/27 | €13k | €15k | €19k | €112k | €114k | ▲ 1.7% |
| Plant, machinery and equipment23 | - | €4k | €4k | €2k | - | - |
| Furniture and vehicles24 | - | €11k | €15k | €77k | €60k | ▼ 22.0% |
| Leasing and similar rights25 | - | - | - | €32k | €53k | ▲ 64.6% |
| Financial fixed assets28 | - | - | €450 | €450 | €450 | = |
| Current assets29/58 | €62k | €70k | €122k | €70k | €57k | ▼ 18.6% |
| Stocks and contracts in progress3 | - | - | - | €6k | €8k | ▲ 37.5% |
| Stocks30/36 | - | - | - | €6k | €8k | ▲ 37.5% |
| Amounts receivable within one year40/41 | €45k | €28k | €48k | €30k | €44k | ▲ 47.9% |
| Trade receivables40 | - | €25k | €43k | €22k | €36k | ▲ 63.9% |
| Other amounts receivable41 | - | €3k | €4k | €8k | €8k | ▲ 3.5% |
| Cash at bank and in hand54/58 | €16k | €41k | €74k | €34k | €4k | ▼ 87.9% |
| Deferred charges and accrued income490/1 | - | €243 | €583 | €906 | €943 | ▲ 4.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75k | €86k | €142k | €182k | €171k | ▼ 6.2% |
| Equity10/15 | €45k | €76k | €129k | €104k | €84k | ▼ 19.4% |
| Contributions10/11 | - | €8k | €8k | €8k | €8k | = |
| Reserves13 | €37k | €68k | €68k | €68k | €68k | = |
| Distributable reserves133 | - | €68k | €68k | €68k | €68k | = |
| Profit (loss) carried forward14 | - | - | €53k | €28k | €8k | ▼ 71.5% |
| Investment grants15 | - | €380 | €300 | €220 | €140 | ▼ 36.5% |
| Amounts payable17/49 | €30k | €10k | €13k | €79k | €87k | ▲ 11.3% |
| Amounts payable after more than one year17 | €5k | €2k | - | €44k | €41k | ▼ 5.6% |
| Financial debts170/4 | - | €2k | - | €44k | €41k | ▼ 5.6% |
| Amounts payable within one year42/48 | €25k | €8k | €13k | €35k | €46k | ▲ 32.6% |
| Current portion of amounts payable after more than one year42 | - | €4k | €2k | €15k | €26k | ▲ 78.5% |
| Financial debts43 | - | €9 | €89 | - | - | - |
| Credit institutions430/8 | - | €9 | €89 | - | - | - |
| Trade debts44 | €7 | €4k | €2k | €3k | €8k | ▲ 124% |
| Suppliers440/4 | - | €4k | €2k | €3k | €8k | ▲ 124% |
| Taxes, remuneration and social security45 | - | €1k | €9k | €10k | €2k | ▼ 78.6% |
| Taxes450/3 | - | €1k | €9k | €10k | €2k | ▼ 79.2% |
| Remuneration and social security454/9 | - | - | - | €75 | €75 | = |
| Other amounts payable47/48 | - | €125 | €237 | €7k | €10k | ▲ 50.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69k | €80k | €117k | €14k | €6k | ▼ 55.7% |
| + Depreciation and write-downs630 | €6k | €4k | €8k | €20k | €33k | ▲ 66.9% |
| Operating cash flow (approximation) | €75k | €85k | €125k | €34k | €39k | ▲ 15.4% |
| Investment in fixed assets (approximation) | - | €-7k | €-12k | €-113k | €-35k | ▲ 69.0% |
| Change in cash | - | €25k | €32k | €-40k | €-30k | ▲ 26.2% |
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
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €6k ▼55.7%
Net result drops to €6k, the lowest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2020net €117k ▲45.6%
Operating result €151k, net result €117k, both a record.
31-12
Financial
Equity above €100kEq €129k ▲69.5%
3 profitable years in a row build equity to €129k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 8.29
Current ratio from 2.46 to 8.29; short-term debt falls from €25k to €8k.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro 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, Court-Saint-Etienne · 1 establishment unit since 2019
Ground area
841 m²
Building footprint
79 m²
Volume, LiDAR
641 m³
Parcel 25023D0252/00H002, Wallonia · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Belintex
since 20192.289.499.413
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25023D0252/00H002 | Wallonia | 841 m² | 1 · 79 m² | 9.7 m · 3 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
Food safety, FASFC
1 siteCourt-Saint-Etienne2.289.499.413
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Of 6,149 companies in sector 46190 we hold annual accounts for 2,570. 1,962 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
Contact
E-mail
info@belintex.com
Scores and ratios are computed by Checked and are not a credit decision.