Bell@vice
ActiveSummary
Bell@vice has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €72,584 and a net result of €18,433. Equity is growing by ~22.6% per year across the filed fiscal years. Its solvency ranks better than 11% of 15375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+23
Solvency36▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 2.27 against 2.48 in 2023; short-term debt: 36.8% and cash: 1.4% of total assets), but 88.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
11.3%
Return on assets
2.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 15375 sector peers (2024).
NBB · sector comparisonPosition among 15375 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
31 d late
2022
29 d late
2021
31 d late
2020
31 d late
2019
100 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 37 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€72,584▲ 34.0%
2023 · €54,151
Total assets
€643,183▲ 9.0%
2023 · €590,200
Net result
€18,433▲ 1,940%
2023 · €903
Working capital
€301,324▲ 7.9%
2023 · €279,292
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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€18,679▲ 59.8%€10,007▼ 46.4%€33,894▲ 239%€10,489▼ 69.1%€33,907▲ 223%
Net result€10,031within the sector's middle half▲ 98.9%€1,461below the sector's middle half▼ 85.4%€16,755within the sector's middle half▲ 1,047%€903below the sector's middle half▼ 94.6%€18,433within the sector's middle half▲ 1,940%
Equity€35,831within the sector's middle half▲ 38.9%€37,292within the sector's middle half▲ 4.1%€53,247within the sector's middle half▲ 42.8%€54,151within the sector's middle half▲ 1.7%€72,584within the sector's middle half▲ 34.0%
Total assets€654,526above the sector's middle half▼ 4.5%€561,860above the sector's middle half▼ 14.2%€589,307above the sector's middle half▲ 4.9%€590,200above the sector's middle half▲ 0.2%€643,183above the sector's middle half▲ 9.0%
Debt€611,447▼ 6.2%€518,045▼ 15.3%€530,219▲ 2.3%€530,890▲ 0.1%€566,122▲ 6.6%
Working capital€251,378above the sector's middle half▲ 6.2%€256,457above the sector's middle half▲ 2.0%€274,661above the sector's middle half▲ 7.1%€279,292above the sector's middle half▲ 1.7%€301,324above the sector's middle half▲ 7.9%
Solvency5.5%below the sector's middle half▲ 1.7pp6.6%below the sector's middle half▲ 1.2pp9.0%below the sector's middle half▲ 2.4pp9.2%below the sector's middle half▲ 0.1pp11.3%below the sector's middle half▲ 2.1pp
Current ratio2.09within the sector's middle half▲ 0.172.70within the sector's middle half▲ 0.612.55within the sector's middle half▼ 0.142.48within the sector's middle half▼ 0.082.27within the sector's middle half▼ 0.20
Return on assets (ROA)1.5%below the sector's middle half▲ 0.8pp0.3%below the sector's middle half▼ 1.3pp2.8%below the sector's middle half▲ 2.6pp0.2%below the sector's middle half▼ 2.7pp2.9%below the sector's middle half▲ 2.7pp
Staff (FTE)2.8above the sector's middle half▲ 47.4%4.1▲ 46.4%6.1▲ 48.8%7.6▲ 24.6%10.6▲ 39.5%
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting 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
The operating result recovers in 2024; 2024 is 223% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €643,183
Fixed assets
€105,396 ▼ 13.4%
Current assets
€537,787 ▲ 14.8%
Equity and liabilities €643,183
Equity
€72,584 ▲ 34.0%
Provisions
€4,477 ▼ 13.2%
Debt
€566,122 ▲ 6.6%
Debt's share of the balance-sheet total falls from 90.0% to 88.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€50,210▲
2023 · €26,792
Cash flow
€34,736▲
2023 · €17,207
Debt to equity
7.80▼
2023 · 9.80
ROE
25.4%▲
2023 · 1.7%
Interest coverage
6.81▲
2023 · 3.62
Debt ≤ 1 year
€236,462▲
2023 · €189,208
Debt > 1 year
€325,840▼
2023 · €339,873
Income taxes
€14,015▲
2023 · €2,991
Staff costs
€593,606▲
2023 · €421,794
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,678 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 4,678 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 | - | €201,423 | €325,071 | €421,794 | €593,606 | ▲ 40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,408 | €17,408 | €16,312 | €16,303 | €16,303 | = |
| Other operating charges640/8 | - | €2,277 | €2,137 | €2,276 | €2,235 | ▼ 1.8% |
| Gross operating margin9900 | €189,089 | €231,116 | €377,414 | €450,862 | €646,051 | ▲ 43.3% |
| Operating profit (loss)9901 | €18,679 | €10,007 | €33,894 | €10,489 | €33,907 | ▲ 223% |
| Financial income75/76B | - | €185 | €2,045 | €120 | €5,235 | ▲ 4,262% |
| Recurring financial income75 | €3,591 | €185 | €2,045 | €120 | €5,235 | ▲ 4,262% |
| Financial charges65/66B | - | €5,852 | €6,049 | €7,396 | €7,376 | ▼ 0.3% |
| Recurring financial charges65 | €6,784 | €5,852 | €6,049 | €7,396 | €7,376 | ▼ 0.3% |
| Profit (loss) for the period before taxes9903 | €15,486 | €4,340 | €29,890 | €3,213 | €31,766 | ▲ 889% |
| Transfer from deferred taxes780 | - | €725 | €682 | €682 | €682 | = |
| Income taxes67/77 | €6,260 | €3,604 | €13,817 | €2,991 | €14,015 | ▲ 369% |
| Profit (loss) for the period9904 | €10,031 | €1,461 | €16,755 | €903 | €18,433 | ▲ 1,940% |
| Transfer from tax-exempt reserves789 | - | €1,407 | €1,324 | €1,324 | €1,324 | = |
| Profit (loss) for the period to be appropriated9905 | €11,595 | €2,868 | €18,079 | €2,228 | €19,757 | ▲ 787% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €654,526 | €561,860 | €589,307 | €590,200 | €643,183 | ▲ 9.0% |
| Fixed assets21/28 | €171,723 | €154,314 | €138,002 | €121,699 | €105,396 | ▼ 13.4% |
| Tangible fixed assets22/27 | €171,723 | €154,314 | €138,002 | €121,699 | €105,396 | ▼ 13.4% |
| Land and buildings22 | - | €154,314 | €138,002 | €121,699 | €105,396 | ▼ 13.4% |
| Current assets29/58 | €482,803 | €407,546 | €451,305 | €468,501 | €537,787 | ▲ 14.8% |
| Amounts receivable within one year40/41 | €369,106 | €312,665 | €435,156 | €460,249 | €522,383 | ▲ 13.5% |
| Trade receivables40 | - | €187,665 | €305,722 | €331,311 | €390,707 | ▲ 17.9% |
| Other amounts receivable41 | - | €125,000 | €129,433 | €128,938 | €131,676 | ▲ 2.1% |
| Current investments50/53 | €1,848 | €1,927 | €1,657 | €1,572 | €1,876 | ▲ 19.3% |
| Cash at bank and in hand54/58 | €109,817 | €90,006 | €10,176 | €1,793 | €8,707 | ▲ 386% |
| Deferred charges and accrued income490/1 | - | €2,948 | €4,316 | €4,886 | €4,820 | ▼ 1.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €654,526 | €561,860 | €589,307 | €590,200 | €643,183 | ▲ 9.0% |
| Equity10/15 | €35,831 | €37,292 | €53,247 | €54,151 | €72,584 | ▲ 34.0% |
| Contributions10/11 | - | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €17,281 | €18,742 | €34,697 | €35,601 | €54,034 | ▲ 51.8% |
| Non-distributable reserves130/1 | - | €205 | €205 | €0 | - | - |
| Reserves not available under the articles1311 | - | €205 | €205 | €0 | - | - |
| Tax-exempt reserves132 | - | €12,667 | €11,343 | €10,019 | €8,695 | ▼ 13.2% |
| Distributable reserves133 | - | €5,871 | €23,150 | €25,582 | €45,339 | ▲ 77.2% |
| Profit (loss) carried forward14 | €0 | - | €0 | €0 | - | - |
| Provisions and deferred taxes16 | €7,247 | €6,523 | €5,841 | €5,159 | €4,477 | ▼ 13.2% |
| Deferred taxes168 | - | €6,523 | €5,841 | €5,159 | €4,477 | ▼ 13.2% |
| Amounts payable17/49 | €611,447 | €518,045 | €530,219 | €530,890 | €566,122 | ▲ 6.6% |
| Amounts payable after more than one year17 | €380,022 | €366,956 | €353,576 | €339,873 | €325,840 | ▼ 4.1% |
| Financial debts170/4 | - | €196,956 | €183,576 | €169,873 | €155,840 | ▼ 8.3% |
| Other amounts payable178/9 | - | €170,000 | €170,000 | €170,000 | €170,000 | = |
| Amounts payable within one year42/48 | €231,425 | €151,089 | €176,643 | €189,208 | €236,462 | ▲ 25.0% |
| Current portion of amounts payable after more than one year42 | - | €13,066 | €13,381 | €13,703 | €14,033 | ▲ 2.4% |
| Trade debts44 | €12,877 | €35,888 | €50,625 | €71,119 | €45,427 | ▼ 36.1% |
| Suppliers440/4 | - | €35,888 | €50,625 | €71,119 | €45,427 | ▼ 36.1% |
| Taxes, remuneration and social security45 | - | €43,514 | €63,599 | €61,967 | €139,473 | ▲ 125% |
| Taxes450/3 | - | €19,384 | €27,880 | €16,004 | €57,963 | ▲ 262% |
| Remuneration and social security454/9 | - | €24,130 | €35,719 | €45,963 | €81,510 | ▲ 77.3% |
| Other amounts payable47/48 | - | €58,621 | €49,038 | €42,419 | €37,529 | ▼ 11.5% |
| Accrued charges and deferred income492/3 | - | - | - | €1,809 | €3,820 | ▲ 111% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,031 | €1,461 | €16,755 | €903 | €18,433 | ▲ 1,940% |
| + Depreciation and write-downs630 | €19,408 | €17,408 | €16,312 | €16,303 | €16,303 | = |
| Operating cash flow (approximation) | €29,440 | €18,869 | €33,067 | €17,207 | €34,736 | ▲ 102% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€19,812 | -€79,829 | -€8,383 | €6,914 | ▲ 182% |
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €903 ▼94.6%
Net result drops to €903, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
08-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 100 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Oudenaarde · 1 establishment unit since 2016
Ground area
1,187 m²
Building footprint
247 m²
Volume, LiDAR
1,596 m³
Parcel 45502A0622/00V005, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Bell@Vice
since 20162.256.346.197
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45502A0622/00V005 | Flanders | 1,187 m² | 1 · 247 m² | 10.1 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 5 entries · 8,997 EUR awarded · 8,997 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 4,147 EUR | 4,147 EUR |
| 2023 | 1 | 4,007 EUR | 4,007 EUR |
| 2022 | 2 | 843 EUR | 843 EUR |
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,303 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
Founded26-12-2001
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476462614
Also
9925:BE0476462614
Registered
08-04-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.