BELISOL HASSELT
ActiveBELISOL HASSELT has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.08M and a net result of €-123k. Equity is shrinking by ~10% per year across the filed fiscal years. Its solvency ranks better than 44% of 2029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▼-4
Solvency63▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 1.5 against 1.69 in 2024; short-term debt: 61.1% of total assets), but 61.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 43
Relative position
BE, all sectors
reference
Sector 43
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.5%
Return on assets
-4.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-123k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
28 d early
2023
27 d early
2022
28 d early
2021
53 d early
2020
51 d early
2019
3 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€5.27M
EBIT margin
-1.5%
Net result
€-123k▼ 188%
2024 · €-43k
2018: €-21k
2019: €5k
2020: €-5k
2021: €-568k
2022: €-131k
2023: €-225k
2024: €-43k
2018 → 2025
Working capital
€862k▼ 9.1%
2024 · €948k
2018: €2.07M
2019: €2.09M
2020: €2.09M
2021: €1.53M
2022: €1.40M
2023: €949k
2024: €948k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.60M-€1.47M▼ 8.2%€1.25M▼ 15.3%€1.20M▼ 3.4%€1.08M▼ 10.2%
Operating result€-635k-€-196k▲ 69.2%€-316k▼ 61.5%€-189k▲ 40.0%€-238k▼ 25.6%
Net result€-568k-€-131k▲ 77.0%€-225k▼ 72.0%€-43k▲ 81.0%€-123k▼ 188%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €238k in 2025 against €189k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.81M
Fixed assets
€230k▼ 12.8%
Current assets
€2.58M▲ 10.7%
Equity and liabilities €2.81M
Equity
€1.08M▼ 10.2%
Debt
€1.73M▲ 24.4%
The debt ratio rises from 53.6% to 61.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-167k▼
2024 · €-124k
Cash flow
€-53k▼
2024 · €22k
Solvency
38.5%▼
2024 · 46.4%
Current ratio
1.50▼
2024 · 1.69
Quick ratio
1.06▲
2024 · 1.03
Debt / equity
1.60▲
2024 · 1.15
ROE
-11.4%▼
2024 · -3.6%
ROA
-4.4%▼
2024 · -1.7%
Interest coverage
-45.82▼
2024 · -36.69
Debt
€1.73M▲
2024 · €1.39M
Debt ≤ 1 year
€1.72M▲
2024 · €1.38M
Income taxes
€1k▼
2024 · €3k
Staff costs
€940k▲
2024 · €890k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.60M€2.81M▲
Fixed assets21/28€264k€230k▼
Intangible fixed assets21€31k€21k▼
Tangible fixed assets22/27€233k€209k▼
Land and buildings22€174k€138k▼
Plant, machinery and equipment23€7k€16k▲
Furniture and vehicles24€52k€54k▲
Current assets29/58€2.33M€2.58M▲
Stocks and contracts in progress3€902k€752k▼
Stocks30/36€626k€454k▼
Contracts in progress37€275k€298k▲
Amounts receivable within one year40/41€1.40M€1.80M▲
Trade receivables40€1.12M€1.53M▲
Other amounts receivable41€282k€279k▼
Deferred charges and accrued income490/1€28k€25k▼
Equity and liabilities
Total equity and liabilities10/49€2.60M€2.81M▲
Equity10/15€1.20M€1.08M▼
Contributions10/11€250k€250k=
Capital10€250k€250k=
Issued capital100€250k€250k=
Reserves13€266k€266k=
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Distributable reserves133€241k€241k=
Profit (loss) carried forward14€689k€565k▼
Amounts payable17/49€1.39M€1.73M▲
Amounts payable within one year42/48€1.38M€1.72M▲
Trade debts44€446k€630k▲
Suppliers440/4€446k€630k▲
Advances received on contracts in progress46€851k€926k▲
Taxes, remuneration and social security45€85k€161k▲
Taxes450/3€23k€28k▲
Remuneration and social security454/9€62k€133k▲
Other amounts payable47/48€2k€2k▲
Accrued charges and deferred income492/3€7k€11k▲
Income statement
Code20242025
Non-recurring operating income76A€69k€27k▼
Remuneration, social security and pensions62€890k€940k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€70k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€73k€16k▼
Other operating charges640/8€24k€24k▼
Non-recurring operating charges66A€6k€5k▼
Gross operating margin9900€869k€818k▼
Operating profit (loss)9901€-189k€-238k▼
Financial income75/76B€152k€119k▼
Recurring financial income75€152k€119k▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€-40k€-122k▼
Income taxes67/77€3k€1k▼
Profit (loss) for the period9904€-43k€-123k▼
Profit (loss) for the period to be appropriated9905€-43k€-123k▼
Appropriation of the result
Profit (loss) to be appropriated9906€689k€565k▼
Profit (loss) brought forward from the previous period14P€732k€689k▼
Social balance
Average headcount (FTE)908711.912.1▲
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
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-568k
Net result drops to €-568k, the lowest in the series; recovery starts the following year.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 3 days late
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Hasselt · 2 establishment units since 1989
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.
Genkersteenweg 3683500 HasseltGround area
5,267 m²
Building footprint
1,466 m²
Volume, LiDAR
6,775 m³
2 parcels, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
BELISOL
since 19892.044.839.776
Belisol Sint-Truiden
since 20232.346.237.087
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71352D0901/00K000 | Flanders | 3,717 m² | 1 · 1,165 m² | 4.3 m · 1 fl. |
| 71322B0245/00G000 | Flanders | 1,550 m² | 1 · 302 m² | 9.5 m · 3 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.
Recognitions · licences · registrations
Recognised contractor
2 categoriesBELISOL HASSELT NV41797
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Of 20,031 companies in sector 43320 we hold annual accounts for 9,133. 4,200 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-09-1989
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
45422
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.