BELLELLO IMMO
ActiveSummary
BELLELLO IMMO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €356,312 and a net result of €2,647. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 78% of 9574 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability32▼-8
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity ample (current ratio 5.68 against 4.9 in 2024; short-term debt: 13.6% and cash: 0% of total assets), and 20.1% 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
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
79.9%
Return on assets
0.6%
Age of the figures
12 mo
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 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
1 d early
2022
26 d late
2021
31 d late
2020
31 d late
2019
29 d late
← 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 16 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 30 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2,647▼ 62.0%
2024 · €6,959
Working capital
€284,894▲ 0.4%
2024 · €283,679
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€23,297▲ 111%-€975€254€6,497▲ 2,463%€1,988▼ 69.4%
Net result€22,880within the sector's middle half▲ 88.9%€3,392within the sector's middle half▼ 85.2%€2,448within the sector's middle half▼ 27.8%€6,959within the sector's middle half▲ 184%€2,647within the sector's middle half▼ 62.0%
Equity€340,865above the sector's middle half▲ 7.2%€344,258above the sector's middle half▲ 1.0%€346,706above the sector's middle half▲ 0.7%€353,665above the sector's middle half▲ 2.0%€356,312above the sector's middle half▲ 0.7%
Total assets€491,608above the sector's middle half▲ 0.4%€456,063above the sector's middle half▼ 7.2%€456,310above the sector's middle half▲ 0.1%€469,638above the sector's middle half▲ 2.9%€446,029above the sector's middle half▼ 5.0%
Debt€91,050▼ 18.8%€72,113▼ 20.8%€84,912▲ 17.7%€91,280▲ 7.5%€74,716▼ 18.1%
Working capital€270,442above the sector's middle half▲ 12.3%€264,448above the sector's middle half▼ 2.2%€270,628above the sector's middle half▲ 2.3%€283,679above the sector's middle half▲ 4.8%€284,894above the sector's middle half▲ 0.4%
Solvency69.3%within the sector's middle half▲ 4.4pp75.5%above the sector's middle half▲ 6.1pp76.0%above the sector's middle half▲ 0.5pp75.3%within the sector's middle half▼ 0.7pp79.9%above the sector's middle half▲ 4.6pp
Current ratio5.10above the sector's middle half▲ 1.116.10above the sector's middle half▲ 0.995.60above the sector's middle half▼ 0.504.90above the sector's middle half▼ 0.705.68above the sector's middle half▲ 0.78
Return on assets (ROA)4.7%within the sector's middle half▲ 2.2pp0.7%below the sector's middle half▼ 3.9pp0.5%below the sector's middle half▼ 0.2pp1.5%within the sector's middle half▲ 0.9pp0.6%below the sector's middle half▼ 0.9pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 69% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €446,029
Fixed assets
€100,290 ▼ 11.5%
Current assets
€345,738 ▼ 3.0%
Equity and liabilities €446,029
Equity
€356,312 ▲ 0.7%
Provisions
€15,000 ▼ 39.3%
Debt
€74,716 ▼ 18.1%
Debt's share of the balance-sheet total falls from 19.4% to 16.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14,980▼
2024 · €20,054
Cash flow
€15,639▼
2024 · €20,516
Debt to equity
0.21▼
2024 · 0.26
ROE
0.7%▼
2024 · 2.0%
Interest coverage
1.46▼
2024 · 2.31
Debt ≤ 1 year
€60,845▼
2024 · €72,677
Debt > 1 year
€13,871▼
2024 · €18,049
Income taxes
€3,931▼
2024 · €4,034
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.8% |
| 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 17,040 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,459 | €15,533 | €15,387 | €13,556 | €12,992 | ▼ 4.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€20,000 | -€15,000 | - | -€9,692 | - |
| Other operating charges640/8 | €4,218 | €2,339 | €4,772 | €4,467 | €4,697 | ▲ 5.2% |
| Gross operating margin9900 | €42,974 | -€3,103 | €5,412 | €24,520 | €9,985 | ▼ 59.3% |
| Operating profit (loss)9901 | €23,297 | -€975 | €254 | €6,497 | €1,988 | ▼ 69.4% |
| Financial income75/76B | €15,312 | €12,813 | €12,682 | €13,172 | €14,838 | ▲ 12.6% |
| Recurring financial income75 | €15,312 | €12,813 | €12,682 | €13,172 | €14,838 | ▲ 12.6% |
| Financial charges65/66B | €6,629 | €5,231 | €6,891 | €8,677 | €10,248 | ▲ 18.1% |
| Recurring financial charges65 | €6,629 | €5,231 | €6,891 | €8,677 | €10,248 | ▲ 18.1% |
| Profit (loss) for the period before taxes9903 | €31,980 | €6,607 | €6,044 | €10,993 | €6,579 | ▼ 40.2% |
| Income taxes67/77 | €9,099 | €3,215 | €3,596 | €4,034 | €3,931 | ▼ 2.5% |
| Profit (loss) for the period9904 | €22,880 | €3,392 | €2,448 | €6,959 | €2,647 | ▼ 62.0% |
| Profit (loss) for the period to be appropriated9905 | €22,880 | €3,392 | €2,448 | €6,959 | €2,647 | ▼ 62.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €491,608 | €456,063 | €456,310 | €469,638 | €446,029 | ▼ 5.0% |
| Fixed assets21/28 | €155,246 | €139,713 | €126,838 | €113,282 | €100,290 | ▼ 11.5% |
| Tangible fixed assets22/27 | €155,246 | €139,713 | €126,838 | €113,282 | €100,290 | ▼ 11.5% |
| Plant, machinery and equipment23 | €3,881 | €1,974 | €2,258 | €1,975 | €1,751 | ▼ 11.3% |
| Furniture and vehicles24 | €2,248 | €1,277 | €771 | €165 | €64 | ▼ 61.3% |
| Leasing and similar rights25 | €149,117 | €136,463 | €123,809 | €111,142 | €98,476 | ▼ 11.4% |
| Current assets29/58 | €336,362 | €316,350 | €329,472 | €356,356 | €345,738 | ▼ 3.0% |
| Amounts receivable after more than one year29 | €132,076 | €112,662 | €92,276 | €70,868 | €48,387 | ▼ 31.7% |
| Other amounts receivable291 | €132,076 | €112,662 | €92,276 | €70,868 | €48,387 | ▼ 31.7% |
| Amounts receivable within one year40/41 | €122,793 | €143,682 | €176,510 | €226,575 | €236,942 | ▲ 4.6% |
| Trade receivables40 | €23,328 | €18,901 | €22,642 | €24,220 | €3,250 | ▼ 86.6% |
| Other amounts receivable41 | €99,464 | €124,782 | €153,869 | €202,356 | €233,692 | ▲ 15.5% |
| Current investments50/53 | €57,788 | €57,788 | €57,788 | €57,788 | €57,788 | = |
| Cash at bank and in hand54/58 | €20,868 | €68 | €62 | €55 | €48 | ▼ 13.2% |
| Deferred charges and accrued income490/1 | €2,837 | €2,149 | €2,835 | €1,070 | €2,573 | ▲ 141% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €491,608 | €456,063 | €456,310 | €469,638 | €446,029 | ▼ 5.0% |
| Equity10/15 | €340,865 | €344,258 | €346,706 | €353,665 | €356,312 | ▲ 0.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €69,148 | €69,148 | €69,148 | €76,108 | €78,755 | ▲ 3.5% |
| Non-distributable reserves130/1 | €59,648 | €59,648 | €59,648 | €57,788 | €57,788 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Own shares acquired1312 | €57,788 | €57,788 | €57,788 | €57,788 | €57,788 | = |
| Tax-exempt reserves132 | €9,500 | €9,500 | €9,500 | €9,500 | €9,500 | = |
| Distributable reserves133 | - | - | - | €8,819 | €11,467 | ▲ 30.0% |
| Profit (loss) carried forward14 | €253,117 | €256,509 | €258,957 | €258,957 | €258,957 | = |
| Provisions and deferred taxes16 | €59,692 | €39,692 | €24,692 | €24,692 | €15,000 | ▼ 39.3% |
| Provisions for liabilities and charges160/5 | €59,692 | €39,692 | €24,692 | €24,692 | €15,000 | ▼ 39.3% |
| Other liabilities and charges164/5 | €59,692 | €39,692 | €24,692 | €24,692 | €15,000 | ▼ 39.3% |
| Amounts payable17/49 | €91,050 | €72,113 | €84,912 | €91,280 | €74,716 | ▼ 18.1% |
| Amounts payable after more than one year17 | €24,822 | €18,608 | €26,068 | €18,049 | €13,871 | ▼ 23.1% |
| Financial debts170/4 | €24,822 | €18,608 | €26,068 | €18,049 | €13,871 | ▼ 23.1% |
| Amounts payable within one year42/48 | €65,920 | €51,901 | €58,843 | €72,677 | €60,845 | ▼ 16.3% |
| Current portion of amounts payable after more than one year42 | €10,421 | €6,213 | €8,904 | €8,019 | €4,178 | ▼ 47.9% |
| Financial debts43 | - | €13,938 | €12,972 | €24,120 | €21,873 | ▼ 9.3% |
| Credit institutions430/8 | - | €13,938 | €12,972 | €24,120 | €21,873 | ▼ 9.3% |
| Trade debts44 | €14,142 | €5,446 | €6,490 | €3,892 | €3,877 | ▼ 0.4% |
| Suppliers440/4 | €14,142 | €5,446 | €6,490 | €3,892 | €3,877 | ▼ 0.4% |
| Taxes, remuneration and social security45 | €41,357 | €26,304 | €30,478 | €36,647 | €30,917 | ▼ 15.6% |
| Taxes450/3 | €41,357 | €26,304 | €30,478 | €36,647 | €30,917 | ▼ 15.6% |
| Accrued charges and deferred income492/3 | €309 | €1,603 | - | €554 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,880 | €3,392 | €2,448 | €6,959 | €2,647 | ▼ 62.0% |
| + Depreciation and write-downs630 | €15,459 | €15,533 | €15,387 | €13,556 | €12,992 | ▼ 4.2% |
| Operating cash flow (approximation) | €38,339 | €18,926 | €17,835 | €20,516 | €15,639 | ▼ 23.8% |
| Investment in fixed assets (approximation) | - | €0 | -€2,512 | €0 | €0 | - |
| Change in cash | - | -€20,800 | -€6 | -€7 | -€7 | ▲ 0.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €2,448 ▼27.8%
Net result drops to €2,448, the lowest in the series; recovery starts the following year.
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-09
Financial
Highest result since 2018net €22,880 ▲88.9%
Operating result €23,297, net result €22,880, both a record.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 29 days late
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
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
Ground area
130 m²
Building footprint
80 m²
Volume, LiDAR
754 m³
Parcel 21616A0183/00H039, Brussels · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0183/00H039 | Brussels | 130 m² | 1 · 80 m² | 13.8 m · 4 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.
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Of 18,247 companies in sector 71111 we hold annual accounts for 6,322. 4,487 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
Founded15-07-2003
Fiscal year end30-09
Activities, NACEBEL 2025
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0859647751
Registered
12-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.