BELIXYS
ActiveSummary
BELIXYS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€374,169) and a net result of -€175,296. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 5% of 11617 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-78
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.06 against 1.79 in 2023; short-term debt: 59% and cash: 0.3% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
-57.3%
Return on assets
-26.9%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€374,169
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-12-2025, 138 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
138 d late
2023
21 d late
2022
73 d late
2021
226 d late
2020
30 d late
2019
117 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 101 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€374,169▼ 88.1%
2023 · -€198,874
Total assets
€652,822▼ 4.4%
2023 · €682,881
Net result
-€175,296
2023 · €51,781
Working capital
€24,997▼ 89.9%
2023 · €246,380
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 71, Architectural and engineering activities; technical testing and analysis, 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-€75,560▲ 53.0%€55,175€122,022▲ 121%€92,938▼ 23.8%-€174,842
Net result-€80,937below the sector's middle half▲ 51.1%€49,858above the sector's middle half€114,810above the sector's middle half▲ 130%€51,781above the sector's middle half▼ 54.9%-€175,296below the sector's middle half
Equity-€415,323below the sector's middle half▼ 24.2%-€365,465below the sector's middle half▲ 12.0%-€250,655below the sector's middle half▲ 31.4%-€198,874below the sector's middle half▲ 20.7%-€374,169below the sector's middle half▼ 88.1%
Total assets€230,939within the sector's middle half▲ 22.0%€387,656above the sector's middle half▲ 67.9%€693,627above the sector's middle half▲ 78.9%€682,881above the sector's middle half▼ 1.5%€652,822above the sector's middle half▼ 4.4%
Debt€646,263▲ 23.4%€753,121▲ 16.5%€944,281▲ 25.4%€881,755▼ 6.6%€1.0m▲ 16.5%
Working capital-€180,459below the sector's middle half▼ 52.8%€141,493above the sector's middle half€233,844above the sector's middle half▲ 65.3%€246,380above the sector's middle half▲ 5.4%€24,997within the sector's middle half▼ 89.9%
Solvency-179.8%below the sector's middle half▼ 3.2pp-94.3%below the sector's middle half▲ 85.6pp-36.1%below the sector's middle half▲ 58.1pp-29.1%below the sector's middle half▲ 7.0pp-57.3%below the sector's middle half▼ 28.2pp
Current ratio0.53below the sector's middle half▼ 0.031.76within the sector's middle half▲ 1.231.63within the sector's middle half▼ 0.131.79within the sector's middle half▲ 0.171.06below the sector's middle half▼ 0.73
Return on assets (ROA)-35.0%below the sector's middle half▲ 52.4pp12.9%within the sector's middle half▲ 47.9pp16.6%within the sector's middle half▲ 3.7pp7.6%within the sector's middle half▼ 9.0pp-26.9%below the sector's middle half▼ 34.4pp
Staff (FTE)1.1within the sector's middle half▲ 10.0%0.7▼ 36.4%3▲ 329%4.6▲ 53.3%4.7▲ 2.2%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €174,842 after €92,938 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €652,822
Fixed assets
€242,452 ▲ 91.6%
Current assets
€410,370 ▼ 26.2%
Equity and liabilities
Equity-€374,169
Debt€1.0m
Equity is negative: debt (€1.0m) exceeds the balance-sheet total (€652,822).
Key figures and ratios
EBITDA
-€100,410▼
2023 · €141,083
Cash flow
-€100,864▼
2023 · €99,926
Quick ratio
0.89▼
2023 · 1.50
Interest coverage
-3.47▼
2023 · 10.81
Debt ≤ 1 year
€385,373▲
2023 · €309,974
Debt > 1 year
€611,588▲
2023 · €550,000
Income taxes
-€27,671▼
2023 · €28,448
Staff costs
€252,914▲
2023 · €216,445
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.9% 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 497,341 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 6,010 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 | - | €18,754 | €81,152 | €216,445 | €252,914 | ▲ 16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,968 | €14,452 | €29,834 | €48,144 | €74,432 | ▲ 54.6% |
| Other operating charges640/8 | - | €1,382 | €4,255 | €943 | €7,127 | ▲ 656% |
| Non-recurring operating charges66A | - | - | - | - | €3,050 | - |
| Gross operating margin9900 | -€28,899 | €89,763 | €237,263 | €358,470 | €162,681 | ▼ 54.6% |
| Operating profit (loss)9901 | -€75,560 | €55,175 | €122,022 | €92,938 | -€174,842 | ▼ 288% |
| Financial income75/76B | - | €38 | €695 | €342 | €789 | ▲ 131% |
| Recurring financial income75 | €36 | €38 | €695 | €342 | €789 | ▲ 131% |
| Financial charges65/66B | - | €5,356 | €7,906 | €13,051 | €28,914 | ▲ 122% |
| Recurring financial charges65 | €5,413 | €5,356 | €7,906 | €13,051 | €28,914 | ▲ 122% |
| Profit (loss) for the period before taxes9903 | -€80,937 | €49,858 | €114,810 | €80,230 | -€202,967 | ▼ 353% |
| Income taxes67/77 | - | - | - | €28,448 | -€27,671 | ▼ 197% |
| Profit (loss) for the period9904 | -€80,937 | €49,858 | €114,810 | €51,781 | -€175,296 | ▼ 439% |
| Profit (loss) for the period to be appropriated9905 | -€80,937 | €49,858 | €114,810 | €51,781 | -€175,296 | ▼ 439% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €230,939 | €387,656 | €693,627 | €682,881 | €652,822 | ▼ 4.4% |
| Formation expenses20 | €362 | €160 | - | - | - | - |
| Fixed assets21/28 | €30,198 | €59,163 | €86,282 | €126,527 | €242,452 | ▲ 91.6% |
| Intangible fixed assets21 | €0 | €9,759 | €22,621 | €73,799 | €154,758 | ▲ 110% |
| Tangible fixed assets22/27 | €24,248 | €43,453 | €57,711 | €46,778 | €72,174 | ▲ 54.3% |
| Plant, machinery and equipment23 | - | €35,806 | €42,848 | €30,360 | €44,468 | ▲ 46.5% |
| Furniture and vehicles24 | - | €5,306 | €10,081 | €8,550 | €21,009 | ▲ 146% |
| Other tangible fixed assets26 | - | €2,341 | €4,782 | €7,869 | €6,697 | ▼ 14.9% |
| Financial fixed assets28 | €5,950 | €5,950 | €5,950 | €5,950 | €15,520 | ▲ 161% |
| Current assets29/58 | €200,379 | €328,334 | €607,344 | €556,354 | €410,370 | ▼ 26.2% |
| Amounts receivable after more than one year29 | - | - | €3,050 | €3,050 | - | - |
| Trade receivables290 | - | - | €3,050 | €3,050 | - | - |
| Stocks and contracts in progress3 | €46,821 | €52,030 | €82,673 | €91,981 | €65,934 | ▼ 28.3% |
| Stocks30/36 | - | €52,030 | €82,673 | €91,981 | €65,934 | ▼ 28.3% |
| Amounts receivable within one year40/41 | €127,405 | €273,282 | €521,622 | €396,058 | €341,620 | ▼ 13.7% |
| Trade receivables40 | - | €264,772 | €494,738 | €329,201 | €244,450 | ▼ 25.7% |
| Other amounts receivable41 | - | €8,510 | €26,883 | €66,857 | €97,170 | ▲ 45.3% |
| Cash at bank and in hand54/58 | €23,623 | €3,022 | - | €64,460 | €1,842 | ▼ 97.1% |
| Deferred charges and accrued income490/1 | - | - | - | €805 | €973 | ▲ 20.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €230,939 | €387,656 | €693,627 | €682,881 | €652,822 | ▼ 4.4% |
| Equity10/15 | -€415,323 | -€365,465 | -€250,655 | -€198,874 | -€374,169 | ▼ 88.1% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€427,723 | -€377,865 | -€263,055 | -€211,274 | -€386,569 | ▼ 83.0% |
| Amounts payable17/49 | €646,263 | €753,121 | €944,281 | €881,755 | €1.0m | ▲ 16.5% |
| Amounts payable after more than one year17 | €250,000 | €550,000 | €550,000 | €550,000 | €611,588 | ▲ 11.2% |
| Financial debts170/4 | - | €550,000 | €550,000 | €550,000 | €611,588 | ▲ 11.2% |
| Amounts payable within one year42/48 | €380,838 | €186,840 | €373,501 | €309,974 | €385,373 | ▲ 24.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €30,305 | - |
| Financial debts43 | - | - | €195,270 | €200,000 | €199,000 | ▼ 0.5% |
| Credit institutions430/8 | - | - | €195,270 | €200,000 | €199,000 | ▼ 0.5% |
| Trade debts44 | €62,032 | €120,508 | €70,529 | €17,859 | €59,363 | ▲ 232% |
| Suppliers440/4 | - | €120,508 | €70,529 | €17,859 | €59,363 | ▲ 232% |
| Taxes, remuneration and social security45 | - | €29,657 | €82,325 | €53,539 | €57,124 | ▲ 6.7% |
| Taxes450/3 | - | €26,764 | €65,930 | €15,350 | €21,382 | ▲ 39.3% |
| Remuneration and social security454/9 | - | €2,893 | €16,395 | €38,190 | €35,742 | ▼ 6.4% |
| Other amounts payable47/48 | - | €36,675 | €25,376 | €38,576 | €39,582 | ▲ 2.6% |
| Accrued charges and deferred income492/3 | - | €16,281 | €20,781 | €21,781 | €30,031 | ▲ 37.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€80,937 | €49,858 | €114,810 | €51,781 | -€175,296 | ▼ 439% |
| + Depreciation and write-downs630 | €14,968 | €14,452 | €29,834 | €48,144 | €74,432 | ▲ 54.6% |
| Operating cash flow (approximation) | -€65,970 | €64,310 | €144,644 | €99,926 | -€100,864 | ▼ 201% |
| Investment in fixed assets (approximation) | - | -€43,417 | -€56,953 | -€88,390 | -€190,357 | ▼ 115% |
| Change in cash | - | -€20,601 | - | - | -€62,618 | - |
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
2026
15-09
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 12-06-2026
- Registered-office move, Avenue Louise 231, 1050 Bruxelles
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 138 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 73 days late
14-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 226 days late
2022
31-12
Financial
Highest result since 2018net €114,810 ▲130%
Operating result €122,022, net result €114,810, both a record.
2021
31-12
Financial
Back to profitnet €49,858
Net result €49,858 after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.76
Current ratio from 0.53 to 1.76; short-term debt falls from €380,838 to €186,840.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 1 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2017
Ground area
9,201 m²
Building footprint
5,756 m²
Volume, LiDAR
130,454 m³
2 parcels, Brussels · tallest building 45.8 m, ±8 floors. Linked by address, not a title deed.
567
companies at this address
See who is registered here
1 establishment unit
BELIXYS
since 20172.270.007.460
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0131/00T000 | Brussels | 5,672 m² | 1 · 3,878 m² | 45.8 m · 8 fl. |
| 21822R0226/00W011 | Brussels | 3,529 m² | 1 · 1,878 m² | 38.1 m · 7 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 11,567 companies in this sector we hold annual accounts for 6,567. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded16-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
58210Publishing activities
58290Other software publishing
62900Other information technology and computer services
62100Computer programming
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0682965815
Registered
16-09-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.