BELITHU
ActiveSummary
BELITHU has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €138,015 and a net result of €11,029. Equity is growing by ~61.9% per year across the filed fiscal years. Its solvency ranks better than 71% of 11425 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-10
Solvency93▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 2.71 against 6.04 in 2024; short-term debt: 32.2% and cash: 47.2% of total assets), and 32.5% of the assets are financed with debt.
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Signals
Four 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
67.5%
Return on assets
5.4%
Age of the figures
9 mo
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
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
29 d early
2023
42 d early
2022
34 d early
2021
30 d early
2020
81 d early
2019
62 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 44 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€138,015▲ 8.0%
2024 · €127,786
Total assets
€204,354▲ 32.3%
2024 · €154,409
Net result
€11,029▼ 44.1%
2024 · €19,745
Working capital
€112,572▲ 10.4%
2024 · €102,011
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
Line20212022202320242025
Operating result€26,943▲ 130%€60,118▲ 123%€51,844▼ 13.8%€32,734▼ 36.9%€20,071▼ 38.7%
Net result€19,815▲ 79.0%€40,492▲ 104%€33,262▼ 17.9%€19,745▼ 40.6%€11,029▼ 44.1%
Equity€35,088▲ 130%€75,579▲ 115%€108,041▲ 43.0%€127,786▲ 18.3%€138,015▲ 8.0%
Total assets€104,584▲ 4.2%€236,093▲ 126%€175,312▼ 25.7%€154,409▼ 11.9%€204,354▲ 32.3%
Debt€69,497▼ 18.3%€160,513▲ 131%€67,271▼ 58.1%€26,623▼ 60.4%€66,338▲ 149%
Working capital€24,313▲ 97.8%€142,331▲ 485%€108,945▼ 23.5%€102,011▼ 6.4%€112,572▲ 10.4%
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 three years in a row; 2025 is 39% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €204,354
Fixed assets
€25,894 ▼ 19.5%
Current assets
€178,460 ▲ 46.0%
Equity and liabilities €204,354
Equity
€138,015 ▲ 8.0%
Debt
€66,338 ▲ 149%
Debt's share of the balance-sheet total rises from 17.2% to 32.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29,506▼
2024 · €41,572
Cash flow
€20,465▼
2024 · €28,583
Current ratio
2.71▼
2024 · 6.04
Debt to equity
0.48▲
2024 · 0.21
ROE
8.0%▼
2024 · 15.5%
ROA
5.4%▼
2024 · 12.8%
Interest coverage
7.95▼
2024 · 10.35
Debt ≤ 1 year
€65,888▲
2024 · €20,252
Income taxes
€5,328▼
2024 · €9,009
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,606 | €2,740 | €5,760 | €8,838 | €9,436 | ▲ 6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€196 | - | - |
| Other operating charges640/8 | - | €492 | €790 | €692 | €635 | ▼ 8.3% |
| Gross operating margin9900 | €28,978 | €63,351 | €58,393 | €42,068 | €30,141 | ▼ 28.4% |
| Operating profit (loss)9901 | €26,943 | €60,118 | €51,844 | €32,734 | €20,071 | ▼ 38.7% |
| Financial income75/76B | - | €1 | - | €37 | - | - |
| Recurring financial income75 | €22 | €1 | - | €37 | - | - |
| Financial charges65/66B | - | €1,123 | €3,168 | €4,017 | €3,713 | ▼ 7.6% |
| Recurring financial charges65 | €723 | €1,123 | €3,168 | €4,017 | €3,713 | ▼ 7.6% |
| Profit (loss) for the period before taxes9903 | €26,243 | €58,996 | €48,676 | €28,754 | €16,357 | ▼ 43.1% |
| Income taxes67/77 | €6,428 | €18,504 | €15,414 | €9,009 | €5,328 | ▼ 40.9% |
| Profit (loss) for the period9904 | €19,815 | €40,492 | €33,262 | €19,745 | €11,029 | ▼ 44.1% |
| Profit (loss) for the period to be appropriated9905 | €19,815 | €40,492 | €33,262 | €19,745 | €11,029 | ▼ 44.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €104,584 | €236,093 | €175,312 | €154,409 | €204,354 | ▲ 32.3% |
| Fixed assets21/28 | €10,775 | €23,412 | €22,525 | €32,146 | €25,894 | ▼ 19.5% |
| Intangible fixed assets21 | - | - | €2,331 | €1,474 | €617 | ▼ 58.1% |
| Tangible fixed assets22/27 | €10,775 | €23,412 | €20,195 | €30,672 | €25,276 | ▼ 17.6% |
| Plant, machinery and equipment23 | - | €10,128 | €10,146 | €21,207 | €15,755 | ▼ 25.7% |
| Furniture and vehicles24 | - | €13,283 | €10,048 | €9,465 | €9,521 | ▲ 0.6% |
| Current assets29/58 | €93,810 | €212,681 | €152,787 | €122,263 | €178,460 | ▲ 46.0% |
| Stocks and contracts in progress3 | - | €92,348 | - | - | - | - |
| Stocks30/36 | - | €92,348 | - | - | - | - |
| Amounts receivable within one year40/41 | €72,589 | €63,616 | €28,011 | €17,480 | €81,495 | ▲ 366% |
| Trade receivables40 | - | €63,616 | €28,009 | €11,482 | €65,024 | ▲ 466% |
| Other amounts receivable41 | - | €0 | €2 | €5,998 | €16,471 | ▲ 175% |
| Cash at bank and in hand54/58 | €20,816 | €56,312 | €124,638 | €104,660 | €96,554 | ▼ 7.7% |
| Deferred charges and accrued income490/1 | - | €405 | €138 | €123 | €410 | ▲ 234% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €104,584 | €236,093 | €175,312 | €154,409 | €204,354 | ▲ 32.3% |
| Equity10/15 | €35,088 | €75,579 | €108,041 | €127,786 | €138,015 | ▲ 8.0% |
| Contributions10/11 | - | €12,524 | €12,524 | €12,524 | €12,524 | = |
| Reserves13 | €21,675 | €62,167 | €94,717 | €114,462 | €124,632 | ▲ 8.9% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €60,307 | €94,717 | €114,462 | €124,632 | ▲ 8.9% |
| Profit (loss) carried forward14 | €889 | €889 | €800 | €800 | €859 | ▲ 7.4% |
| Amounts payable17/49 | €69,497 | €160,513 | €67,271 | €26,623 | €66,338 | ▲ 149% |
| Amounts payable after more than one year17 | - | - | €23,121 | €5,921 | - | - |
| Financial debts170/4 | - | - | €23,121 | €5,921 | - | - |
| Amounts payable within one year42/48 | €69,497 | €70,350 | €43,842 | €20,252 | €65,888 | ▲ 225% |
| Current portion of amounts payable after more than one year42 | - | - | €16,387 | €17,200 | €5,921 | ▼ 65.6% |
| Trade debts44 | €6,423 | €3,695 | €1,261 | €462 | €58,867 | ▲ 12,646% |
| Suppliers440/4 | - | €3,695 | €1,261 | €462 | €58,867 | ▲ 12,646% |
| Advances received on contracts in progress46 | - | €1,540 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €18,829 | €16,443 | €2,290 | €240 | ▼ 89.5% |
| Taxes450/3 | - | €18,829 | €16,443 | €2,290 | €240 | ▼ 89.5% |
| Other amounts payable47/48 | - | €46,287 | €9,751 | €301 | €861 | ▲ 186% |
| Accrued charges and deferred income492/3 | - | €90,163 | €308 | €450 | €450 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,815 | €40,492 | €33,262 | €19,745 | €11,029 | ▼ 44.1% |
| + Depreciation and write-downs630 | €1,606 | €2,740 | €5,760 | €8,838 | €9,436 | ▲ 6.8% |
| Operating cash flow (approximation) | €21,421 | €43,232 | €39,022 | €28,583 | €20,465 | ▼ 28.4% |
| Investment in fixed assets (approximation) | - | -€15,377 | -€4,873 | -€18,459 | -€3,183 | ▲ 82.8% |
| Change in cash | - | €35,496 | €68,326 | -€19,978 | -€8,106 | ▲ 59.4% |
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
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €108,041 ▲43%
4 profitable years in a row build equity to €108,041.
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €40,492 ▲104%
Operating result €60,118, net result €40,492, both a record.
30-09
Financial
Liquidity doublescurrent ratio 3.02
Current ratio from 1.35 to 3.02.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €11,069
Net result €11,069 after 2 loss-making years.
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Zonhoven · 1 establishment unit since 2010
Ground area
833 m²
Building footprint
100 m²
Volume, LiDAR
710 m³
Parcel 71442C0577/00V000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Belithu bvba
since 20102.193.484.160
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71442C0577/00V000 | Flanders | 833 m² | 1 · 100 m² | 10.2 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 999 EUR awarded · 999 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 999 EUR | 999 EUR |
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Of 1,136 companies in sector 46130 we hold annual accounts for 646. 517 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
Founded05-11-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46130Agents in the wholesale of timber and building materials
52230Warehousing and support activities for transportation
Scores and ratios are computed by Checked and are not a credit decision.