BELLEGARDE
ActiveBELLEGARDE has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €930k and a net result of €36k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 83% of 11209 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity short (current ratio 0.53 against 0.75 in 2024; short-term debt: 8.3% and cash: 0.1% of total assets), and 17.2% 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.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.8%
Return on assets
3.2%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-02-2026, 80 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
80 d early
2024
46 d early
2023
53 d early
2022
53 d early
2021
110 d early
2020
26 d early
2019
15 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€930k▲ 0.6%
2024 · €924k
2018: €57k
2019: €59k
2020: €866k
2021: €901k
2022: €870k
2023: €892k
2024: €924k
2018 → 2025
Total assets
€1.12M▲ 2.5%
2024 · €1.10M
2018: €173k
2019: €106k
2020: €1.13M
2021: €1.12M
2022: €1.06M
2023: €1.07M
2024: €1.10M
2018 → 2025
Net result
€36k▲ 11.9%
2024 · €32k
2018: €431
2019: €4k
2020: €37k
2021: €35k
2022: €29k
2023: €22k
2024: €32k
2018 → 2025
Working capital
€-43k▼ 57.8%
2024 · €-28k
2018: €-32k
2019: €-33k
2020: €47k
2021: €50k
2022: €-8k
2023: €6k
2024: €-28k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€901k-€870k▼ 3.5%€892k▲ 2.6%€924k▲ 3.6%€930k▲ 0.6%
Operating result€50k-€47k▼ 7.3%€44k▼ 4.8%€49k▲ 11.3%€52k▲ 6.1%
Net result€35k-€29k▼ 18.2%€22k▼ 21.4%€32k▲ 42.8%€36k▲ 11.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.12M
Fixed assets
€1.07M▲ 6.2%
Current assets
€49k▼ 41.7%
Equity and liabilities €1.12M
Equity
€930k▲ 0.6%
Debt
€193k▲ 12.3%
The debt ratio rises from 15.7% to 17.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€80k▲
2024 · €66k
Cash flow
€63k▲
2024 · €49k
Solvency
82.8%▼
2024 · 84.3%
Current ratio
0.53▼
2024 · 0.75
Quick ratio
0.53▼
2024 · 0.75
Debt / equity
0.21▲
2024 · 0.19
ROE
3.9%▲
2024 · 3.5%
ROA
3.2%▲
2024 · 2.9%
Interest coverage
11.10▼
2024 · 11.71
Debt
€193k▲
2024 · €171k
Debt ≤ 1 year
€93k▼
2024 · €112k
Debt > 1 year
€100k▲
2024 · €59k
Income taxes
€9k▼
2024 · €12k
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€1.10M€1.12M▲
Fixed assets21/28€1.01M€1.07M▲
Tangible fixed assets22/27€1.01M€1.07M▲
Land and buildings22€1.01M€1.07M▲
Current assets29/58€85k€49k▼
Amounts receivable within one year40/41€34k€47k▲
Trade receivables40€34k€37k▲
Other amounts receivable41-€10k
Cash at bank and in hand54/58€51k€915▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€1.10M€1.12M▲
Equity10/15€924k€930k▲
Contributions10/11€74k€74k=
Revaluation surpluses12€770k€770k=
Reserves13€11k€11k=
Non-distributable reserves130/1€7k-
Reserves not available under the articles1311€7k-
Tax-exempt reserves132€3k€3k=
Distributable reserves133€145€8k▲
Profit (loss) carried forward14€69k€75k▲
Amounts payable17/49€171k€193k▲
Amounts payable after more than one year17€59k€100k▲
Financial debts170/4€59k€100k▲
Amounts payable within one year42/48€112k€93k▼
Current portion of amounts payable after more than one year42€28k€43k▲
Trade debts44€47k€15k▼
Suppliers440/4€47k€15k▼
Advances received on contracts in progress46-€700
Taxes, remuneration and social security45€17k€2k▼
Taxes450/3€17k€2k▼
Other amounts payable47/48€21k€32k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€28k▲
Other operating charges640/8€7k€11k▲
Gross operating margin9900€73k€91k▲
Operating profit (loss)9901€49k€52k▲
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€44k€45k▲
Income taxes67/77€12k€9k▼
Profit (loss) for the period9904€32k€36k▲
Profit (loss) for the period to be appropriated9905€32k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€69k€75k▲
Profit (loss) brought forward from the previous period14P€37k€39k▲
The notes to these accounts (7 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
09-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €37k ▲843%
Net result €37k, the highest in the series.
30-09
Financial
Liquidity times 5current ratio 1.57
Current ratio from 0.29 to 1.57.
30-09
Financial
Equity above €500kEq €866k ▲1373%
3 profitable years in a row build equity to €866k.
15-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Middelkerke · 1 establishment unit since 2000
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.
Zeedijk 3008430 MiddelkerkeGround area
3,064 m²
Building footprint
2,291 m²
Volume, LiDAR
32,143 m³
Parcel 35323D0557/00L008, Flanders · tallest building 23.2 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
BELLEGARDE
since 20002.020.953.923
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35323D0557/00L008 | Flanders | 3,064 m² | 1 · 2,291 m² | 23.1 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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KEMPEN PROPERTIES
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WOONKULTUUR
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Of 679 companies in sector 46494 we hold annual accounts for 530. 380 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-09-1982
Fiscal year end30-09
Activities, NACEBEL
46494Wholesale of non-electrical household articles
51471
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.