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BELL TOWER

Active
Private limited companyfounded 201610 yrs activeLijsterbessebomenlaan 25, 1180 Ukkel, BelgiumKBO/BCE: BE 0663.528.993
Summary

BELL TOWER has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€79,005) and a net result of -€9,725. Equity is shrinking by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 10% of 4834 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2024
44 / 100
Weak
Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability35▲+3
Solvency16=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 92.72; short-term debt: 1.1% and cash: 5.1% of total assets), but equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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 2024
Solvency, return and age of the figures
Solvency
-9.1%
Return on assets
-1.1%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€79,005
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 23-06-2026, 38 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
38 d early
2024
29 d early
2023
3 d early
2022
27 d early
2021
31 d early
2020
52 d early
2019
36 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 31 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 2 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

BELL TOWER was incorporated on 27 September 2016.1 Total assets rose from EUR 427,891 in 2018 to EUR 865,368 in 2024.2

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

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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
-€9,725▲ 39.6%
2023 · -€16,090
Working capital
€856,036▲ 13.2%
2023 · €756,268
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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-€7,583▲ 60.2%-€8,808▼ 16.2%-€8,627▲ 2.1%-€15,914▼ 84.5%-€9,536▲ 40.1%
Net result-€7,612within the sector's middle half▲ 60.1%-€8,845within the sector's middle half▼ 16.2%-€8,666within the sector's middle half▲ 2.0%-€16,090within the sector's middle half▼ 85.7%-€9,725within the sector's middle half▲ 39.6%
Equity-€35,678below the sector's middle half▼ 27.1%-€44,523below the sector's middle half▼ 24.8%-€53,189below the sector's middle half▼ 19.5%-€69,279below the sector's middle half▼ 30.3%-€79,005below the sector's middle half▼ 14.0%
Total assets€609,225below the sector's middle half▲ 39.1%€698,767within the sector's middle half▲ 14.7%€718,916within the sector's middle half▲ 2.9%€763,635within the sector's middle half▲ 6.2%€865,368within the sector's middle half▲ 13.3%
Debt€644,904▲ 38.4%€743,290▲ 15.3%€772,105▲ 3.9%€832,914▲ 7.9%€944,373▲ 13.4%
Working capital€606,738within the sector's middle half▲ 45.3%€696,856within the sector's middle half▲ 14.9%€717,232within the sector's middle half▲ 2.9%€756,268within the sector's middle half▲ 5.4%€856,036within the sector's middle half▲ 13.2%
Solvency-5.9%below the sector's middle half▲ 0.6pp-6.4%below the sector's middle half▼ 0.5pp-7.4%below the sector's middle half▼ 1.0pp-9.1%below the sector's middle half▼ 1.7pp-9.1%below the sector's middle half▼ 0.1pp
Current ratio92.72above the sector's middle half
Return on assets (ROA)-1.2%within the sector's middle half▲ 3.1pp-1.3%within the sector's middle half=-1.2%within the sector's middle half▲ 0.1pp-2.1%below the sector's middle half▼ 0.9pp-1.1%within the sector's middle half▲ 1.0pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€20,000-€15,000-€10,000-€5,000€0Operating result 2020: -€7,583-€7,583Net result 2020: -€7,612-€7,612Operating result 2021: -€8,808-€8,808Net result 2021: -€8,845-€8,845Operating result 2022: -€8,627-€8,627Net result 2022: -€8,666-€8,666Operating result 2023: -€15,914-€15,914Net result 2023: -€16,090-€16,090Operating result 2024: -€9,536-€9,536Net result 2024: -€9,725-€9,72520202021202220232024-€20,000-€15,000-€10,000-€5,000€0Operating result 2022: -€8,627-€8,630Net result 2022: -€8,666-€8,670Operating result 2023: -€15,914-€15,900Net result 2023: -€16,090-€16,100Operating result 2024: -€9,536-€9,540Net result 2024: -€9,725-€9,730202220232024
The operating result stays negative: a loss of €9,536 in 2024 against €15,914 in 2023; the loss shrinks.
Key figures and ratios
2024 value · change against 2023
Quick ratio
6.24▼
2023 · 7.96
Debt to equity
-11.95▲
2023 · -12.02
Debt ≤ 1 year
€9,333▲
2023 · €7,367
Debt > 1 year
€935,040▲
2023 · €823,408
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,216 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.

  • Small
  • 10 to 20 years old
  • negative equity
  • a small loss
1.2% went bankrupt
2.6% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.0% 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 1,216 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 · 33 lines
Balance sheet Code20232024
Assets
Total assets20/58€763,635€865,368▲
Current assets29/58€763,635€865,368▲
Stocks and contracts in progress3€704,988€807,142▲
Stocks30/36€704,988€807,142▲
Amounts receivable within one year40/41€8,205€12,882▲
Trade receivables40-€8,892
Other amounts receivable41€8,205€3,990▼
Cash at bank and in hand54/58€49,299€44,164▼
Deferred charges and accrued income490/1€1,143€1,180▲
Equity and liabilities
Total equity and liabilities10/49€763,635€865,368▲
Equity10/15-€69,279-€79,005▼
Contributions10/11€18,550€18,550=
Profit (loss) carried forward14-€87,829-€97,555▼
Amounts payable17/49€832,914€944,373▲
Amounts payable after more than one year17€823,408€935,040▲
Financial debts170/4€823,408€935,040▲
Amounts payable within one year42/48€7,367€9,333▲
Trade debts44€7,367€9,333▲
Suppliers440/4€7,367€9,333▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Accrued charges and deferred income492/3€2,139€0▼
Income statement Code20232024
Other operating charges640/8€384€387▲
Gross operating margin9900-€15,529-€9,149▲
Operating profit (loss)9901-€15,914-€9,536▲
Financial charges65/66B€177€189▲
Recurring financial charges65€177€189▲
Profit (loss) for the period before taxes9903-€16,090-€9,725▲
Profit (loss) for the period9904-€16,090-€9,725▲
Profit (loss) for the period to be appropriated9905-€16,090-€9,725▲
Appropriation of the result
Profit (loss) to be appropriated9906-€87,829-€97,555▼
Profit (loss) brought forward from the previous period14P-€71,739-€87,829▼
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Other operating charges640/8-€498€348€384€387▲ 0.8%
Gross operating margin9900-€7,235-€8,311-€8,279-€15,529-€9,149▲ 41.1%
Operating profit (loss)9901-€7,583-€8,808-€8,627-€15,914-€9,536▲ 40.1%
Financial income75/76B-€0----
Recurring financial income75€1€0----
Financial charges65/66B-€37€39€177€189▲ 7.3%
Recurring financial charges65€30€37€39€177€189▲ 7.3%
Profit (loss) for the period before taxes9903-€7,612-€8,845-€8,666-€16,090-€9,725▲ 39.6%
Profit (loss) for the period9904-€7,612-€8,845-€8,666-€16,090-€9,725▲ 39.6%
Profit (loss) for the period to be appropriated9905-€7,612-€8,845-€8,666-€16,090-€9,725▲ 39.6%
Line20202021202220232024Change
Assets
Total assets20/58€609,225€698,767€718,916€763,635€865,368▲ 13.3%
Current assets29/58€609,225€698,767€718,916€763,635€865,368▲ 13.3%
Stocks and contracts in progress3€418,050€490,123€566,256€704,988€807,142▲ 14.5%
Stocks30/36-€490,123€566,256€704,988€807,142▲ 14.5%
Amounts receivable within one year40/41€5,471€31,053€27,333€8,205€12,882▲ 57.0%
Trade receivables40----€8,892-
Other amounts receivable41-€31,053€27,333€8,205€3,990▼ 51.4%
Cash at bank and in hand54/58€184,811€176,624€124,256€49,299€44,164▼ 10.4%
Deferred charges and accrued income490/1-€966€1,070€1,143€1,180▲ 3.2%
Equity and liabilities
Total equity and liabilities10/49€609,225€698,767€718,916€763,635€865,368▲ 13.3%
Equity10/15-€35,678-€44,523-€53,189-€69,279-€79,005▼ 14.0%
Contributions10/11-€18,550€18,550€18,550€18,550=
Profit (loss) carried forward14-€54,228-€63,073-€71,739-€87,829-€97,555▼ 11.1%
Amounts payable17/49€644,904€743,290€772,105€832,914€944,373▲ 13.4%
Amounts payable after more than one year17€642,417€741,380€770,421€823,408€935,040▲ 13.6%
Financial debts170/4-€741,380€770,421€823,408€935,040▲ 13.6%
Amounts payable within one year42/48€2,487€1,911€1,684€7,367€9,333▲ 26.7%
Trade debts44€2,081€1,314€1,070€7,367€9,333▲ 26.7%
Suppliers440/4-€1,314€1,070€7,367€9,333▲ 26.7%
Taxes, remuneration and social security45-€597€613€0--
Taxes450/3-€597€613€0--
Accrued charges and deferred income492/3---€2,139€0▼ 100%
Line20202021202220232024Change
Profit (loss) for the period9904-€7,612-€8,845-€8,666-€16,090-€9,725▲ 39.6%
Operating cash flow (approximation)-€7,612-€8,845-€8,666-€16,090-€9,725▲ 39.6%
Change in cash--€8,187-€52,368-€74,957-€5,135▲ 93.1%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
23-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
28-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
04-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
09-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Liquidity times 11current ratio 244.95
Current ratio from 21.54 to 244.95; short-term debt falls from €20,325 to €2,487.
25-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial Weakest financial yearnet -€19,081
Net result drops to -€19,081, the lowest in the series; recovery starts the following year.
06-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
05-07
NBB filing Annual accounts filed
fiscal year 2017 · full 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, Ukkel · 1 establishment unit since 2016
seat establishment The establishment unit on the map
Ground area
2,515 m²
Building footprint
234 m²
Volume, LiDAR
1,810 m³
Parcel 21614H0055/02P025, Brussels · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
60 companies at this address See who is registered here
1 establishment unit
Bell Tower
Lijsterbessebomenlaan 25, 1180 UkkelReal estate development
since 20162.257.217.021
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21614H0055/02P025 Brussels 2,515 m² 1 · 234 m² 12.1 m · 3 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.

Structure & network

Owners and holdings

5 owners

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.

Similar companies · same sector, comparable size

Of 11,755 companies in sector 68310 we hold annual accounts for 6,912. 70 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
Founded27-09-2016
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68121Development of residential building projects
68122Development of non-residential building projects
64210Activities of holding companies
68321Property management for co-owned buildings (syndics)
E-invoicing
Reachable via Peppol
Peppol ID 0208:0663528993
Also 9925:BE0663528993
Registered 04-07-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

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