BELL GROUND
BELL GROUND has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.41M and a net result of €-87k. Equity is shrinking by ~2.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
| Equity | €2.41M |
| Net result | €-87k |
| Active | 25 yrs |
| Locations | 1 |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | - | - | - | - |
| Net profit | €-87k | €-71k | €-39k | €-5k |
| Cash flow | - | - | - | - |
| Staff costs | - | - | - | - |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €7.74M | €7.72M | €7.65M | €8.24M |
| Equity | €2.41M | €2.50M | €2.57M | €2.61M |
| Debt | €5.34M | €5.23M | €5.08M | €5.64M |
| of which ≤ 1y | €5.34M | €5.23M | €5.08M | €5.64M |
| of which > 1y | - | - | - | - |
| Working capital | €-1.06M | €-968k | €-897k | €-858k |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.80 | 0.81 | 0.82 | 0.85 |
| Quick ratio | 0.00 | 0.00 | 0.00 | 0.06 |
| Working capital ratio | -13.6% | -12.5% | -11.7% | -10.4% |
| Solvency | 31.1% | 32.3% | 33.5% | 31.6% |
| Debt / equity | 2.22 | 2.10 | 1.98 | 2.16 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | - | - | - | - |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -1.1% | -0.9% | -0.5% | -0.1% |
| ROE | -3.6% | -2.9% | -1.5% | -0.2% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (22 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €7.74M | €7.72M | €7.65M | €8.24M |
| Fixed assets | 21/28 | €3.46M | €3.46M | €3.46M | €3.46M |
| Financial fixed assets | 28 | €3.46M | €3.46M | €3.46M | €3.46M |
| Current assets | 29/58 | €4.28M | €4.26M | €4.19M | €4.78M |
| Stocks & contracts in progress | 3 | €4.27M | €4.25M | €4.19M | €4.43M |
| Amounts receivable within one year | 40/41 | - | - | €0 | €336k |
| Cash & bank | 54/58 | €7k | €7k | €1k | €8k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €7.74M | €7.72M | €7.65M | €8.24M |
| Equity | 10/15 | €2.41M | €2.50M | €2.57M | €2.61M |
| Contributions / capital | 10/11 | €62k | €62k | €62k | €62k |
| Reserves | 13 | €6k | €6k | €6k | €6k |
| Accumulated profits (losses) | 14 | €-410k | €-323k | €-252k | €-213k |
| Amounts payable | 17/49 | €5.34M | €5.23M | €5.08M | €5.64M |
| Amounts payable within one year | 42/48 | €5.34M | €5.23M | €5.08M | €5.64M |
| Trade debts payable within one year | 44 | €3k | €5k | €17k | €23k |
| Income statement | |||||
| Gross operating margin | 9900 | €-17k | €-25k | €6k | €36k |
| Operating result | 9901 | €-18k | €-26k | €5k | €27k |
| Financial income | 75 | - | - | €0 | €11k |
| Financial charges | 65 | €69k | €46k | €44k | €43k |
| Result before taxes | 9903 | €-87k | €-71k | €-39k | €-5k |
| Net result for the period | 9904 | €-87k | €-71k | €-39k | €-5k |
| Result to be appropriated | 9905 | €-87k | €-71k | €-39k | €-5k |
| NACE primary | - |
| Legal form | Public limited company(014) |
| Incorporation | 20-04-2001 |
| Status | Active |
| Postal code | 3500 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H1379/00S002 | Flanders | 603 m² | 1 · 182 m² | 21.1 m · 6 fl. |
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
25-01-2024 Publication in the Belgian Official Gazette, Minor change
Technical details
{
"notary": {
"name": "Maria NEVEN",
"firm_city": null,
"firm_name": null,
"office_city": "Riemst",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-01-25",
"filing_date": "2024-01-23",
"act_kind_objet": "ONTSLAGEN, BENOEMINGEN"
},
"decision": {
"body": "algemene_vergadering",
"date": "2023-12-21",
"unanimous": null
},
"agm_change": {
"new_schedule": null,
"old_schedule": "de laatste vrijdag van de maand maart om 19.00u.",
"effective_from_year": null,
"rule_changes_summary": "De algemene vergadering kan het mandaat van elke bestuurder te allen tijde en zonder opgave van redenen met onmiddellijke ingang be\u00EBindigen. De algemene vergadering mag geen opzeggingstermijn noch vertrekvergoeding voorzien."
},
"detected_kind": "statutes_change",
"other_address": null,
"mandate_renewal": {
"period_end": "2029",
"mandate_kind": "bestuurder",
"period_start": null,
"remuneration_eur": null,
"remuneration_kind": "gratuit",
"person_or_entity_kbo": "0476.618.903",
"person_or_entity_name": "Ch\u00E2teaux Real Estate"
},
"subject_company": {
"kbo": "0474.629.611",
"name_full": "BELL GROUND",
"legal_form": "NV"
},
"accounts_deposit": null,
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null
},
"co_filed_documents": [
"expeditie van de akte",
"geco\u00F6rdineerde statuten"
],
"fiscal_year_change": {
"new_end_mm_dd": "09-30",
"old_end_mm_dd": null,
"new_start_mm_dd": "10-01",
"old_start_mm_dd": null,
"first_full_new_year": null,
"transition_period_end": null
},
"liquidation_closure": null,
"officer_designation": null,
"special_procuration": null,
"is_volet_a_only_stub": false,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}| Legal nameNL | BELL GROUND |