BELITOUR
ActiveSummary
The computed 12-month bankruptcy probability of BELITOUR is 1.7% (moderate). The 2024 annual accounts show equity of €226,397 and a net result of -€12,075. Equity is growing by ~17% per year across the filed fiscal years. The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability16▼-67
Solvency71▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 3.09 against 2.57 in 2023; short-term debt: 30.1% and cash: 28.2% of total assets), but 54.1% 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 · 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
Specialised construction activities (NACE 43)
about 85% 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
45.9%
Return on assets
-2.4%
Age of the figures
21 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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
58 d early
2023
33 d early
2022
11 d early
2021
23 d late
2020
30 d late
2019
24 d late
← 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 10 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 29 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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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
-€12,075
2023 · €60,280
Working capital
€311,028▲ 2.8%
2023 · €302,528
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€74,274€63,379€115,516▲ 82.3%€54,938▼ 52.4%-€38,440
Net result-€72,387below the sector's middle half€66,409within the sector's middle half€106,714within the sector's middle half▲ 60.7%€60,280within the sector's middle half▼ 43.5%-€12,075below the sector's middle half
Equity€55,069within the sector's middle half▼ 56.8%€121,478within the sector's middle half▲ 121%€178,192within the sector's middle half▲ 46.7%€238,472within the sector's middle half▲ 33.8%€226,397within the sector's middle half▼ 5.1%
Total assets€824,451within the sector's middle half▼ 31.4%€520,327within the sector's middle half▼ 36.9%€684,140within the sector's middle half▲ 31.5%€547,524within the sector's middle half▼ 20.0%€493,183within the sector's middle half▼ 9.9%
Debt€769,382▼ 28.4%€398,849▼ 48.2%€465,947▲ 16.8%€309,051▼ 33.7%€266,786▼ 13.7%
Working capital€37,076within the sector's middle half▼ 88.4%€136,636within the sector's middle half▲ 269%€266,612within the sector's middle half▲ 95.1%€302,528within the sector's middle half▲ 13.5%€311,028within the sector's middle half▲ 2.8%
Solvency6.7%below the sector's middle half▼ 3.9pp23.3%within the sector's middle half▲ 16.7pp26.0%within the sector's middle half▲ 2.7pp43.6%within the sector's middle half▲ 17.5pp45.9%within the sector's middle half▲ 2.4pp
Current ratio1.05below the sector's middle half▼ 0.341.43within the sector's middle half▲ 0.381.79within the sector's middle half▲ 0.362.57above the sector's middle half▲ 0.783.09above the sector's middle half▲ 0.53
Return on assets (ROA)-8.8%below the sector's middle half▼ 8.9pp12.8%above the sector's middle half▲ 21.5pp15.6%above the sector's middle half▲ 2.8pp11.0%within the sector's middle half▼ 4.6pp-2.4%below the sector's middle half▼ 13.5pp
Staff (FTE)7.8within the sector's middle half▼ 27.8%7.9within the sector's middle half▲ 1.3%8.1within the sector's middle half▲ 2.5%7.7within the sector's middle half▼ 4.9%7.6within the sector's middle half▼ 1.3%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €38,440 after €54,938 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €493,183
Fixed assets
€33,621 ▼ 35.2%
Current assets
€459,562 ▼ 7.3%
Equity and liabilities €493,183
Equity
€226,397 ▼ 5.1%
Debt
€266,786 ▼ 13.7%
Debt's share of the balance-sheet total falls from 56.4% to 54.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€20,185▼
2023 · €81,845
Cash flow
€6,180▼
2023 · €87,187
Quick ratio
2.30▲
2023 · 1.60
Debt to equity
1.18▼
2023 · 1.30
ROE
-5.3%▼
2023 · 25.3%
Interest coverage
-4.85▼
2023 · 14.00
Debt ≤ 1 year
€148,534▼
2023 · €193,120
Debt > 1 year
€18,711▼
2023 · €28,443
Income taxes
€896▼
2023 · €26,632
Staff costs
€514,121▼
2023 · €533,456
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,910 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €459,758 | €484,280 | €533,456 | €514,121 | ▼ 3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,635 | €24,741 | €22,415 | €26,907 | €18,255 | ▼ 32.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €40,000 | -€40,000 | - | - |
| Other operating charges640/8 | - | €7,049 | €3,132 | €5,034 | €2,471 | ▼ 50.9% |
| Non-recurring operating charges66A | - | €24,637 | €367 | €745 | -€2,449 | ▼ 429% |
| Gross operating margin9900 | €361,762 | €579,565 | €665,711 | €581,080 | €493,958 | ▼ 15.0% |
| Operating profit (loss)9901 | -€74,274 | €63,379 | €115,516 | €54,938 | -€38,440 | ▼ 170% |
| Financial income75/76B | - | €6,260 | €37,141 | €37,822 | €31,426 | ▼ 16.9% |
| Recurring financial income75 | €6,349 | €6,260 | €37,141 | €37,822 | €31,426 | ▼ 16.9% |
| Financial charges65/66B | - | €1,125 | €5,249 | €5,848 | €4,165 | ▼ 28.8% |
| Recurring financial charges65 | €5,147 | €1,125 | €5,249 | €5,848 | €4,165 | ▼ 28.8% |
| Profit (loss) for the period before taxes9903 | -€73,073 | €68,515 | €147,408 | €86,912 | -€11,179 | ▼ 113% |
| Income taxes67/77 | -€686 | €2,106 | €40,694 | €26,632 | €896 | ▼ 96.6% |
| Profit (loss) for the period9904 | -€72,387 | €66,409 | €106,714 | €60,280 | -€12,075 | ▼ 120% |
| Profit (loss) for the period to be appropriated9905 | -€72,387 | €66,409 | €106,714 | €60,280 | -€12,075 | ▼ 120% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €824,451 | €520,327 | €684,140 | €547,524 | €493,183 | ▼ 9.9% |
| Fixed assets21/28 | €70,282 | €66,250 | €78,783 | €51,876 | €33,621 | ▼ 35.2% |
| Intangible fixed assets21 | €1,551 | €1,034 | €517 | - | - | - |
| Tangible fixed assets22/27 | €65,884 | €62,369 | €75,419 | €49,028 | €30,773 | ▼ 37.2% |
| Plant, machinery and equipment23 | - | €3,435 | €115 | - | - | - |
| Furniture and vehicles24 | - | €43,757 | €67,715 | €49,028 | €30,773 | ▼ 37.2% |
| Other tangible fixed assets26 | - | €15,177 | €7,588 | - | - | - |
| Financial fixed assets28 | €2,848 | €2,848 | €2,848 | €2,848 | €2,848 | = |
| Current assets29/58 | €754,169 | €454,077 | €605,357 | €495,648 | €459,562 | ▼ 7.3% |
| Stocks and contracts in progress3 | €91,981 | €233,356 | €315,937 | €187,196 | €117,392 | ▼ 37.3% |
| Stocks30/36 | - | €233,356 | €315,937 | €187,196 | €117,392 | ▼ 37.3% |
| Amounts receivable within one year40/41 | €534,502 | €184,458 | €221,045 | €178,873 | €192,367 | ▲ 7.5% |
| Trade receivables40 | - | €169,786 | €185,436 | €159,453 | €172,453 | ▲ 8.2% |
| Other amounts receivable41 | - | €14,672 | €35,609 | €19,420 | €19,914 | ▲ 2.5% |
| Cash at bank and in hand54/58 | €123,595 | €30,601 | €60,883 | €121,339 | €138,907 | ▲ 14.5% |
| Deferred charges and accrued income490/1 | - | €5,662 | €7,492 | €8,239 | €10,896 | ▲ 32.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €824,451 | €520,327 | €684,140 | €547,524 | €493,183 | ▼ 9.9% |
| Equity10/15 | €55,069 | €121,478 | €178,192 | €238,472 | €226,397 | ▼ 5.1% |
| Contributions10/11 | - | €52,000 | €52,000 | €52,000 | €52,000 | = |
| Reserves13 | €68,750 | €68,750 | €123,750 | €185,750 | €174,250 | ▼ 6.2% |
| Tax-exempt reserves132 | - | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | - | €50,000 | €105,000 | €167,000 | €155,500 | ▼ 6.9% |
| Profit (loss) carried forward14 | -€65,681 | €728 | €2,442 | €722 | €147 | ▼ 79.6% |
| Provisions and deferred taxes16 | - | - | €40,000 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | €40,000 | - | - | - |
| Other liabilities and charges164/5 | - | - | €40,000 | - | - | - |
| Amounts payable17/49 | €769,382 | €398,849 | €465,947 | €309,051 | €266,786 | ▼ 13.7% |
| Amounts payable after more than one year17 | €6,359 | €22,466 | €46,640 | €28,443 | €18,711 | ▼ 34.2% |
| Financial debts170/4 | - | €22,466 | €46,640 | €28,443 | €18,711 | ▼ 34.2% |
| Amounts payable within one year42/48 | €717,093 | €317,441 | €338,744 | €193,120 | €148,534 | ▼ 23.1% |
| Current portion of amounts payable after more than one year42 | - | €15,039 | €18,189 | €18,197 | €9,732 | ▼ 46.5% |
| Financial debts43 | - | €45,000 | - | - | - | - |
| Credit institutions430/8 | - | €45,000 | - | - | - | - |
| Trade debts44 | €569,989 | €121,749 | €136,992 | €79,881 | €90,548 | ▲ 13.4% |
| Suppliers440/4 | - | €121,749 | €136,992 | €79,881 | €90,548 | ▲ 13.4% |
| Taxes, remuneration and social security45 | - | €127,937 | €131,847 | €95,042 | €48,254 | ▼ 49.2% |
| Taxes450/3 | - | €10,740 | €54,842 | €57,963 | €12,961 | ▼ 77.6% |
| Remuneration and social security454/9 | - | €117,196 | €77,005 | €37,079 | €35,293 | ▼ 4.8% |
| Other amounts payable47/48 | - | €7,717 | €51,717 | - | - | - |
| Accrued charges and deferred income492/3 | - | €58,942 | €80,563 | €87,488 | €99,540 | ▲ 13.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€72,387 | €66,409 | €106,714 | €60,280 | -€12,075 | ▼ 120% |
| + Depreciation and write-downs630 | €24,635 | €24,741 | €22,415 | €26,907 | €18,255 | ▼ 32.2% |
| Operating cash flow (approximation) | -€47,753 | €91,150 | €129,130 | €87,187 | €6,180 | ▼ 92.9% |
| Investment in fixed assets (approximation) | - | -€20,709 | -€34,948 | €0 | €0 | - |
| Change in cash | - | -€92,994 | €30,282 | €60,456 | €17,567 | ▼ 70.9% |
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
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €200,000Eq €238,472 ▲33.8%
3 profitable years in a row build equity to €238,472.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €106,714 ▲60.7%
Operating result €115,516, net result €106,714, both a record.
31-12
Financial
Equity above €150,000Eq €178,192 ▲46.7%
2 profitable years in a row build equity to €178,192.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
2021
31-12
Financial
Back to profitnet €66,409
Net result €66,409 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €121,478 ▲121%
Equity rises from €55,069 to €121,478.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet -€72,387
Net result drops to -€72,387, the lowest in the series; recovery starts the following year.
Show earlier events
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 24 days late
2019
31-12
Financial
Equity above €100,000Eq €127,457 ▲32.1%
2 profitable years in a row build equity to €127,457.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Tournai · 2 establishment units since 2010
Ground area
208 m²
Building footprint
151 m²
Volume, LiDAR
1,205 m³
2 parcels, Wallonia · tallest building 11.8 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Chaussée de Bruxelles(TOU) 15, 7500 Tournai
since 20102.187.767.692
Esplanade 24, 7800 Ath
since 20152.242.823.013
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57462B0132/00L003 | Wallonia | 127 m² | 1 · 122 m² | 11.1 m · 2 fl. |
| 51004D0120/00Y002 | Wallonia | 81 m² | 1 · 29 m² | 11.8 m · 4 fl. |
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
1 ownerChain of control
- OLIVIER VERBEKE
- BELITOUR
Highest known parent: OLIVIER VERBEKE. The sources do not say who stands above it.
Owners 1
- OLIVIER VERBEKEparent55%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
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Of 20,017 companies in sector 43320 we hold annual accounts for 9,139. 7,272 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
Founded29-04-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
46832Wholesale of timber
E-invoicing
Reachable via Peppol
Peppol ID
0208:0825472671
Also
9925:BE0825472671
Registered
04-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.