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BELKOS

Active
Private limited companyfounded 20188 yrs activeKBO/BCE: BE 0694.850.689
Summary

The computed 12-month bankruptcy probability of BELKOS is 2.8% (moderate). The 2024 annual accounts show equity of €14,715 and a net result of -€7,662. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 87% of 6161 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Checked score

Score 2024
Axes · tick = 2023
Profitability0▼-9
Solvency100=
Growth52▼-26
Track record92
Bankruptcy probability, 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.81 against 4.64 in 2023; short-term debt: 24.1% and cash: 35.1% of total assets), and 24.1% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
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 2024
Solvency, return and age of the figures
Solvency
75.9%
Return on assets
-39.5%
Age of the figures
21 mo
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 8 years 0 10 y
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€7,662
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filings
Deviation from the deadline
2025
not confirmed
2024
25 d late
2023
58 d late
2022
30 d late
2021
14 d late
2020
30 d late
2019
91 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 41 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck

History

BELKOS was incorporated on 18 April 2018.1 Total assets fell from EUR 23,853 in 2018 to EUR 19,377 in 2024 and headcount from 0.5 full-time equivalents in 2018 to 0.8 in 2022.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€14,715▼ 34.2%
2023 · €22,377
Total assets
€19,377▼ 22.7%
2023 · €25,079
Net result
-€7,662▼ 311%
2023 · -€1,864
Working capital
€3,796▼ 61.5%
2023 · €9,849
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€891-€241▲ 73.0%€7,899-€1,767-€7,561▼ 328%
Net result-€1,163within the sector's middle half-€284within the sector's middle half▲ 75.6%€7,812within the sector's middle half-€1,864within the sector's middle half-€7,662below the sector's middle half▼ 311%
Equity€16,713within the sector's middle half▼ 6.5%€16,429within the sector's middle half▼ 1.7%€24,241within the sector's middle half▲ 47.6%€22,377within the sector's middle half▼ 7.7%€14,715within the sector's middle half▼ 34.2%
Total assets€18,418below the sector's middle half▼ 41.1%€30,384within the sector's middle half▲ 65.0%€36,264within the sector's middle half▲ 19.4%€25,079within the sector's middle half▼ 30.8%€19,377below the sector's middle half▼ 22.7%
Debt€1,705▼ 87.3%€13,955▲ 718%€12,023▼ 13.8%€2,702▼ 77.5%€4,663▲ 72.5%
Working capital€8,716within the sector's middle half▼ 16.1%€2,072within the sector's middle half▼ 76.2%€11,548within the sector's middle half▲ 457%€9,849within the sector's middle half▼ 14.7%€3,796within the sector's middle half▼ 61.5%
Solvency90.7%above the sector's middle half▲ 33.6pp54.1%within the sector's middle half▼ 36.7pp66.8%above the sector's middle half▲ 12.8pp89.2%above the sector's middle half▲ 22.4pp75.9%above the sector's middle half▼ 13.3pp
Current ratio6.11above the sector's middle half▲ 4.251.15within the sector's middle half▼ 4.961.96within the sector's middle half▲ 0.814.64above the sector's middle half▲ 2.681.81within the sector's middle half▼ 2.83
Return on assets (ROA)-6.3%within the sector's middle half▼ 19.8pp-0.9%within the sector's middle half▲ 5.4pp21.5%above the sector's middle half▲ 22.5pp-7.4%within the sector's middle half▼ 29.0pp-39.5%below the sector's middle half▼ 32.1pp
Staff (FTE)0.9below the sector's middle half▼ 35.7%1▲ 11.1%0.8▼ 20.0%
above within below the middle half (P25 to P75) of NACE 96, Personal service activities, 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
-€10,000-€5,000€0€5,000€10,000Operating result 2020: -€891-€891Net result 2020: -€1,163-€1,163Operating result 2021: -€241-€241Net result 2021: -€284-€284Operating result 2022: €7,899€7,899Net result 2022: €7,812€7,812Operating result 2023: -€1,767-€1,767Net result 2023: -€1,864-€1,864Operating result 2024: -€7,561-€7,561Net result 2024: -€7,662-€7,66220202021202220232024-€10,000-€5,000€0€5,000€10,000Operating result 2022: €7,899€7,900Net result 2022: €7,812€7,810Operating result 2023: -€1,767-€1,770Net result 2023: -€1,864-€1,860Operating result 2024: -€7,561-€7,560Net result 2024: -€7,662-€7,660202220232024
The operating result stays negative: a loss of €7,561 in 2024 against €1,767 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €19,377
Fixed assets €10,918 ▼ 12.9%
Current assets €8,459 ▼ 32.6%
Equity and liabilities €19,377
Equity €14,715 ▼ 34.2%
Debt €4,663 ▲ 72.5%
Debt's share of the balance-sheet total rises from 10.8% to 24.1%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€5,951▼
2023 · -€602
Cash flow
-€6,052▼
2023 · -€699
Debt to equity
0.32▲
2023 · 0.12
ROE
-52.1%▼
2023 · -8.3%
Interest coverage
-58.71▼
2023 · -6.22
Debt ≤ 1 year
€4,663▲
2023 · €2,702
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
3.0% went bankrupt
9.5% stopped otherwise
87% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.9%
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 3,592 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 31 lines
Balance sheet Code20232024
Assets
Total assets20/58€25,079€19,377▼
Fixed assets21/28€12,528€10,918▼
Tangible fixed assets22/27€6,528€4,918▼
Plant, machinery and equipment23€6,528€4,918▼
Financial fixed assets28€6,000€6,000=
Current assets29/58€12,551€8,459▼
Amounts receivable within one year40/41€3,933€1,656▼
Other amounts receivable41€3,933€1,656▼
Cash at bank and in hand54/58€8,618€6,803▼
Equity and liabilities
Total equity and liabilities10/49€25,079€19,377▼
Equity10/15€22,377€14,715▼
Contributions10/11€18,600€18,600=
Profit (loss) carried forward14€3,777-€3,885▼
Amounts payable17/49€2,702€4,663▲
Amounts payable within one year42/48€2,702€4,663▲
Trade debts44€384€2,983▲
Suppliers440/4€384€2,983▲
Taxes, remuneration and social security45€2,319€1,680▼
Taxes450/3€545€1,680▲
Remuneration and social security454/9€1,773-
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,165€1,610▲
Other operating charges640/8-€460
Gross operating margin9900-€602-€5,491▼
Operating profit (loss)9901-€1,767-€7,561▼
Financial charges65/66B€97€101▲
Recurring financial charges65€97€101▲
Profit (loss) for the period before taxes9903-€1,864-€7,662▼
Profit (loss) for the period9904-€1,864-€7,662▼
Profit (loss) for the period to be appropriated9905-€1,864-€7,662▼
Appropriation of the result
Profit (loss) to be appropriated9906€3,777-€3,885▼
Profit (loss) brought forward from the previous period14P€5,641€3,777▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Remuneration, social security and pensions62-€23,450€20,009---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€887€1,405€1,664€1,165€1,610▲ 38.2%
Other operating charges640/8-€219€2,820-€460-
Gross operating margin9900€17,534€24,833€32,392-€602-€5,491▼ 812%
Operating profit (loss)9901-€891-€241€7,899-€1,767-€7,561▼ 328%
Financial income75/76B--€0---
Recurring financial income75€0-€0---
Financial charges65/66B-€43€87€97€101▲ 4.7%
Recurring financial charges65€272€43€87€97€101▲ 4.7%
Profit (loss) for the period before taxes9903-€1,163-€284€7,812-€1,864-€7,662▼ 311%
Profit (loss) for the period9904-€1,163-€284€7,812-€1,864-€7,662▼ 311%
Profit (loss) for the period to be appropriated9905-€1,163-€284€7,812-€1,864-€7,662▼ 311%
Line20202021202220232024Change
Assets
Total assets20/58€18,418€30,384€36,264€25,079€19,377▼ 22.7%
Fixed assets21/28€7,996€14,357€12,693€12,528€10,918▼ 12.9%
Tangible fixed assets22/27€1,996€8,357€6,693€6,528€4,918▼ 24.7%
Plant, machinery and equipment23-€8,357€6,693€6,528€4,918▼ 24.7%
Financial fixed assets28€6,000€6,000€6,000€6,000€6,000=
Current assets29/58€10,421€16,027€23,570€12,551€8,459▼ 32.6%
Amounts receivable within one year40/41€385€268€268€3,933€1,656▼ 57.9%
Other amounts receivable41-€268€268€3,933€1,656▼ 57.9%
Cash at bank and in hand54/58€10,037€15,759€23,302€8,618€6,803▼ 21.1%
Equity and liabilities
Total equity and liabilities10/49€18,418€30,384€36,264€25,079€19,377▼ 22.7%
Equity10/15€16,713€16,429€24,241€22,377€14,715▼ 34.2%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Capital10-€18,600€18,600---
Issued capital100-€18,600€18,600---
Profit (loss) carried forward14-€1,888-€2,171€5,641€3,777-€3,885▼ 203%
Amounts payable17/49€1,705€13,955€12,023€2,702€4,663▲ 72.5%
Amounts payable within one year42/48€1,705€13,955€12,023€2,702€4,663▲ 72.5%
Trade debts44€437€1,726€67€384€2,983▲ 677%
Suppliers440/4-€1,726€67€384€2,983▲ 677%
Taxes, remuneration and social security45-€9,729€11,955€2,319€1,680▼ 27.6%
Taxes450/3-€2,598€2,826€545€1,680▲ 208%
Remuneration and social security454/9-€7,131€9,130€1,773--
Other amounts payable47/48-€2,500----
Line20202021202220232024Change
Profit (loss) for the period9904-€1,163-€284€7,812-€1,864-€7,662▼ 311%
+ Depreciation and write-downs630€887€1,405€1,664€1,165€1,610▲ 38.2%
Operating cash flow (approximation)-€276€1,121€9,476-€699-€6,052▼ 766%
Investment in fixed assets (approximation)--€7,766€0-€1,000€0▲ 100%
Change in cash-€5,722€7,543-€14,684-€1,815▲ 87.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
01-06
KBO administration Address struck
event 17-05-2026
2025
25-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial Weakest financial yearnet -€7,662
Net result drops to -€7,662, the lowest in the series.
27-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial Liquidity doublescurrent ratio 4.64
Current ratio from 1.96 to 4.64; short-term debt falls from €12,023 to €2,702.
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial Back to profitnet €7,812
Net result €7,812 after 2 loss-making years.
14-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 14 days late
2021
30-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial Liquidity triplescurrent ratio 6.11
Current ratio from 1.86 to 6.11; short-term debt falls from €12,016 to €1,705.
30-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial Back to profitnet €4,219
Net result €4,219 after one loss-making year.
31-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 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
6 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, Wemmel · 1 establishment unit since 2018
seat establishment The establishment unit on the map
Ground area
1,158 m²
Building footprint
435 m²
Volume, LiDAR
3,383 m³
2 parcels, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
471 companies at this address See who is registered here
1 establishment unit
BELKOS
Haachtsesteenweg 8, 1820 SteenokkerzeelBeauty treatment
since 20182.277.389.358
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23081A0043/00S000 Flanders 1,010 m² 1 · 291 m² 10.2 m · 2 fl.
22662B0387/00R004 Flanders 147 m² 1 · 144 m² 14.9 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.

Similar companies · same sector, comparable size

Of 6,710 companies in sector 96230 we hold annual accounts for 628. 434 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
Founded18-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
96230Day spas, saunas and steam baths
Contact
E-mail belkosbva@gmail.com
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.