Equity
-€589,115
Debts exceed assets in financial year 2025.
BELISTYLE
Lifetime
20 annual accounts with figures on one time axis, 23 filings since 2003peak €2.8m (2022)
-€29,287▼ €1.6m
lowest -€569,168 (2020)
-€85,014▼ €745,327
peak €195,885 (2016)
-€589,115▼ €85,014
€1.1m▼ 58.7%
peak 38.1 FTE (2012)
0 FTE
Board2 names since 2002
1 directorHERNO
Owners2 names in the annual accounts
Documentsfilings and deeds
28-07-20263 days before the deadline
2025abbreviated format
Gross margin from €1.6m to -€29,287Loss of €85,014Equity from -€504,101 to -€589,115Debts from €2.7m to €1.1m
Key points
from the 2025 annual accountsDebts
€1.1m 209% of the balance sheet
Suppliers 4%Taxes and wages 1%Other 95%
Staff
0 FTE ▼ 100%
Fewer staff in 2025 from 10.8 FTE to 0 FTE.
Filings
23 annual accounts since 2003
The last five annual accounts were filed 3 to 16 days before the end of the period.
At the same address
5 companies
Position in the sector
-108.6%
Lower solvency than 95% of companies in head offices and management consultancy. Sector median 52.4% · 10,847 companies.
Turnover not published (abbreviated format)
Checked score
53
Fair
Financially stronger than 8% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,568 companies (NACE 70, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%lowest value
01-2025: 0.6%● unchanged vs 12-2024lowest value
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.7%▲ +0.1 percentage points vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.8%▲ +0.1 percentage points vs 05-2025
07-2025: 0.9%▲ +0.1 percentage points vs 06-2025
08-2025: 1.0%▲ +0.1 percentage points vs 07-2025
09-2025: 1.0%● unchanged vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 1.1%● unchanged vs 08-2026highest value
10-2026: 1.1%● unchanged vs 09-2026highest value
11-2026: 1.1%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Loss of €85,014 (financial year 2025)
Negative equity -€589,115
Liquidity: current ratio 0.48, cash €1,985
lowers risk
Size: total assets €542,219
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 70, micro). It does better than 3% of them on solvency, 1% on liquidity, 4% on profitability and 24% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 678 companies had the same profile as BELISTYLE has now. Each dot stands for 2 companies, two years later.
84.5%
were still trading
6.2%
stopped another way
6.8%
went bankrupt
Another 2.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BELISTYLE itself is lower: 1.1% within 12 months. It rests on far more data about BELISTYLE 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 678 companies, not a prediction for BELISTYLE. 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 insufficient, with a current ratio of 0.48 (0.84 in 2024), below 1. Short-term debt is 208.6% and cash 0.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€589,115
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
16 days early
2023
5 days early
2022
11 days early
2021
3 days early
2020
60 days early
2019
67 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0478966501
Registered office moved from Asse to Buizingen
New registered office: Kesterbeekbos 19 bus B, 1501 Buizingen · Previous registered office: Nerviërsstraat 32, 1730 Asse · General meeting of 03-06-2024 · Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments
Resignation: HERNAUT Wim (director) · Appointment: HERNO (director) · Permanent representative: HERNAUT Wim · General meeting of 21-01-2023 · Gazette deed
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Affligem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BELISTYLE Halle | €542,219 | -€29,287 | -108.6% | 0 |
| JUVENESCO Lebbeke | €478,594 | -€2,592 | -38.2% | 0 |
| CERUS Roeselare | €689,271 | -€14,209 | -298.9% | 0 |
| Le Grand Royal Grez-Doiceau | €692,538 | -€54,883 | -21.6% | 0 |
| F.A.M. Wuustwezel | €617,985 | -€15,849 | -9.0% | 0 |
| TRIPLE HELIX Antwerp | €615,566 | -€4,481 | -35.8% | 0 |
| SEKA Consulting Zaventem | €742,541 | -€46,776 | -53.8% | 0 |
These companies have the same main activity as BELISTYLE: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €479,000 and €743,000, founded between 2002 and 2006.
Official details
Source: KBO- Status
- Active since 09-12-2002Normal situation
- Activity
- Business and other management consultancyNACE 70200and 3 others
- Establishment unit
- 2.126.591.8711501 Halle, since 08-04-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2024
Annual accounts 2025
- €542,219▼ 75.7%
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Insights on BELISTYLE
BELISTYLE files the abbreviated format. That format states no turnover. The gross margin fell from €381,545 in 2006 to -€29,287 in 2025.
HERNO holds all the shares.
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 BELISTYLE
- What is the company number of BELISTYLE?
- The company number of BELISTYLE is 0478.966.501. The VAT number is the same number with BE in front: BE 0478.966.501.
- Where is BELISTYLE based?
- The registered office is at Kesterbeekbos 19, 1501 Halle.Company details
- What does BELISTYLE do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of BELISTYLE?
- BELISTYLE is a private limited company (BV).
- When was BELISTYLE founded?
- BELISTYLE was founded on 09-12-2002.
- Is BELISTYLE still active?
- Yes, BELISTYLE is an active enterprise in the KBO register.
- How many employees does BELISTYLE have?
- BELISTYLE had an average of 10.8 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of BELISTYLE?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.
- Is BELISTYLE profitable?
- In financial year 2025, BELISTYLE made a loss of €85,014.
- Where can I find the annual accounts of BELISTYLE?
- BELISTYLE filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BELISTYLE due?
- BELISTYLE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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