Belleco
ActiveBelleco has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €176k and a net result of €-51k. Its solvency ranks better than 50% of 4596 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▼-50
Solvency53▼-47
Growth32
Track record82
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity ample (current ratio 1.64 against 5.42 in 2024; short-term debt: 14.2% and cash: 18.3% of total assets), but 72.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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 30-07-2026, 1 day ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
1 d early
2024
25 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€176k▼ 22.4%
2024 · €227k
2024: €227k
2024 → 2025
Total assets
€640k▲ 140%
2024 · €266k
2024: €266k
2024 → 2025
Net result
€-51k
2024 · €2k
2024: €2k
2024 → 2025
Working capital
€58k▼ 66.9%
2024 · €175k
2024: €175k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€227k-€176k▼ 22.4%
Operating result€3k-€-24k
Net result€2k-€-51k
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 2025: a loss of €24k after €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €640k
Fixed assets
€491k▲ 854%
Current assets
€149k▼ 30.8%
Equity and liabilities €640k
Equity
€176k▼ 22.4%
Debt
€464k▲ 1,069%
The debt ratio rises from 14.9% to 72.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-2k▼
2024 · €7k
Cash flow
€-29k▼
2024 · €6k
Solvency
27.5%▼
2024 · 85.1%
Current ratio
1.64▼
2024 · 5.42
Quick ratio
1.42▼
2024 · 4.96
Debt / equity
2.63▲
2024 · 0.17
ROE
-28.8%▼
2024 · 0.7%
ROA
-7.9%▼
2024 · 0.6%
Interest coverage
-0.08▼
2024 · 4.78
Debt
€464k▲
2024 · €40k
Debt ≤ 1 year
€91k▲
2024 · €40k
Debt > 1 year
€372k
Staff costs
€175k▲
2024 · €57k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€266k€640k▲
Fixed assets21/28€51k€491k▲
Intangible fixed assets21€31k€24k▼
Tangible fixed assets22/27€21k€467k▲
Land and buildings22-€447k
Plant, machinery and equipment23€8k€5k▼
Furniture and vehicles24€1k€6k▲
Other tangible fixed assets26€12k€9k▼
Current assets29/58€215k€149k▼
Stocks and contracts in progress3€18k€20k▲
Stocks30/36€18k€20k▲
Amounts receivable within one year40/41€2k€6k▲
Trade receivables40€142€29▼
Other amounts receivable41€2k€6k▲
Cash at bank and in hand54/58€195k€117k▼
Deferred charges and accrued income490/1€61€6k▲
Equity and liabilities
Total equity and liabilities10/49€266k€640k▲
Equity10/15€227k€176k▼
Contributions10/11€225k€225k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14-€-51k
Amounts payable17/49€40k€464k▲
Amounts payable after more than one year17-€372k
Financial debts170/4-€372k
Amounts payable within one year42/48€40k€91k▲
Trade debts44€6k€36k▲
Suppliers440/4€6k€36k▲
Taxes, remuneration and social security45€19k€44k▲
Taxes450/3€8k€12k▲
Remuneration and social security454/9€11k€31k▲
Other amounts payable47/48€16k€11k▼
Accrued charges and deferred income492/3-€561
Income statement
Code20242025
Remuneration, social security and pensions62€57k€175k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€22k▲
Other operating charges640/8€0€6k▲
Gross operating margin9900€64k€179k▲
Operating profit (loss)9901€3k€-24k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€1k€27k▲
Recurring financial charges65€1k€27k▲
Profit (loss) for the period before taxes9903€2k€-51k▼
Profit (loss) for the period9904€2k€-51k▼
Profit (loss) for the period to be appropriated9905€2k€-51k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-51k▼
Transfer to equity691/2€2k€0▼
To other reserves6921€2k€0▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Messancy · 2 establishment units since 2024
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de la Promenade 556780 MessancyGround area
1,795 m²
Building footprint
430 m²
Volume, LiDAR
4,239 m³
2 parcels, Wallonia · tallest building 17.9 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
BELLECO
since 20242.365.035.786
B'elle
since 20242.365.885.824
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 81015A1348/00X000 | Wallonia | 1,657 m² | 1 · 294 m² | 9.5 m · 2 fl. |
| 81001A1596/00W006 | Wallonia | 139 m² | 1 · 136 m² | 17.9 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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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BUY STREET
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Of 24,864 companies in sector 96220 we hold annual accounts for 1,443. 848 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-09-2024
Fiscal year end31-12
Activities, NACEBEL
96022Beauty treatment
96220Beauty care and other beauty treatments
47750Retail sale of cosmetics and toilet articles
96040Personal service activities
96092Personal service activities
96230Day spas, saunas and steam baths
96992Tattoo and piercing services
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.