BELLESTORM
ActiveSummary
BELLESTORM has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €118,236 and a net result of €14,687. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 48% of 26049 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability67▼-17
Solvency55▼-33
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 1.87 against 3.32 in 2023; short-term debt: 21.3% and cash: 17.9% of total assets), but 70.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
29.7%
Return on assets
3.7%
Age of the figures
21 mo
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 · 10 filingsDeviation from the deadline
2025
38 d early
2024
125 d early
2023
27 d early
2022
24 d late
2021
74 d late
2020
16 d late
2019
25 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 7 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 5 July (4 of the last 5 filed years within 99 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€118,236▼ 0.2%
2023 · €118,449
Total assets
€397,942▲ 111%
2023 · €188,188
Net result
€14,687▼ 35.9%
2023 · €22,907
Working capital
€74,028▼ 28.4%
2023 · €103,375
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€17,137▼ 41.4%-€1,569€46,973€36,462▼ 22.4%€31,879▼ 12.6%
Net result€18,328within the sector's middle half▲ 16.0%-€3,673below the sector's middle half€33,513above the sector's middle half€22,907above the sector's middle half▼ 31.6%€14,687within the sector's middle half▼ 35.9%
Equity€94,030within the sector's middle half▲ 24.2%€90,357within the sector's middle half▼ 3.9%€102,096within the sector's middle half▲ 13.0%€118,449above the sector's middle half▲ 16.0%€118,236within the sector's middle half▼ 0.2%
Total assets€214,739within the sector's middle half▲ 0.6%€171,798within the sector's middle half▼ 20.0%€178,713within the sector's middle half▲ 4.0%€188,188within the sector's middle half▲ 5.3%€397,942above the sector's middle half▲ 111%
Debt€120,709▼ 12.3%€81,441▼ 32.5%€76,617▼ 5.9%€69,740▼ 9.0%€279,706▲ 301%
Working capital€90,141above the sector's middle half▲ 25.3%€96,474above the sector's middle half▲ 7.0%€104,550above the sector's middle half▲ 8.4%€103,375above the sector's middle half▼ 1.1%€74,028within the sector's middle half▼ 28.4%
Solvency43.8%within the sector's middle half▲ 8.3pp52.6%within the sector's middle half▲ 8.8pp57.1%within the sector's middle half▲ 4.5pp62.9%above the sector's middle half▲ 5.8pp29.7%within the sector's middle half▼ 33.2pp
Current ratio2.55within the sector's middle half▲ 0.493.83above the sector's middle half▲ 1.273.54above the sector's middle half▼ 0.293.32above the sector's middle half▼ 0.221.87within the sector's middle half▼ 1.45
Return on assets (ROA)8.5%within the sector's middle half▲ 1.1pp-2.1%below the sector's middle half▼ 10.7pp18.8%above the sector's middle half▲ 20.9pp12.2%above the sector's middle half▼ 6.6pp3.7%within the sector's middle half▼ 8.5pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 has fallen two years in a row; 2024 is 13% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €397,942
Fixed assets
€238,964 ▲ 493%
Current assets
€158,977 ▲ 7.5%
Equity and liabilities €397,942
Equity
€118,236 ▼ 0.2%
Debt
€279,706 ▲ 301%
Debt's share of the balance-sheet total rises from 37.1% to 70.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€53,218▲
2023 · €44,738
Cash flow
€36,026▲
2023 · €31,183
Debt to equity
2.37▲
2023 · 0.59
ROE
12.4%▼
2023 · 19.3%
Interest coverage
5.18▼
2023 · 19.73
Debt ≤ 1 year
€84,949▲
2023 · €44,499
Debt > 1 year
€189,351▲
2023 · €22,247
Income taxes
€7,362▼
2023 · €11,585
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,980 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.2%
stopped otherwise
96%
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 0.7% 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 3,980 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €16 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,389 | €21,409 | €8,207 | €8,276 | €21,338 | ▲ 158% |
| Other operating charges640/8 | - | €8,287 | €3,102 | €2,995 | €3,263 | ▲ 8.9% |
| Gross operating margin9900 | €41,895 | €28,126 | €58,283 | €47,734 | €56,481 | ▲ 18.3% |
| Operating profit (loss)9901 | €17,137 | -€1,569 | €46,973 | €36,462 | €31,879 | ▼ 12.6% |
| Financial income75/76B | - | €2,011 | €1,797 | €299 | €446 | ▲ 49.3% |
| Recurring financial income75 | €11,890 | €2,011 | €1,797 | €299 | €446 | ▲ 49.3% |
| Financial charges65/66B | - | €3,851 | €2,933 | €2,268 | €10,276 | ▲ 353% |
| Recurring financial charges65 | €5,074 | €3,851 | €2,933 | €2,268 | €10,276 | ▲ 353% |
| Profit (loss) for the period before taxes9903 | €23,954 | -€3,409 | €45,838 | €34,492 | €22,049 | ▼ 36.1% |
| Income taxes67/77 | €5,626 | €264 | €12,325 | €11,585 | €7,362 | ▼ 36.5% |
| Profit (loss) for the period9904 | €18,328 | -€3,673 | €33,513 | €22,907 | €14,687 | ▼ 35.9% |
| Profit (loss) for the period to be appropriated9905 | €18,328 | -€3,673 | €33,513 | €22,907 | €14,687 | ▼ 35.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €214,739 | €171,798 | €178,713 | €188,188 | €397,942 | ▲ 111% |
| Fixed assets21/28 | €66,606 | €41,200 | €32,992 | €40,315 | €238,964 | ▲ 493% |
| Tangible fixed assets22/27 | €66,481 | €41,200 | €32,992 | €40,315 | €238,964 | ▲ 493% |
| Land and buildings22 | - | €33,810 | €30,224 | €26,638 | €93,452 | ▲ 251% |
| Furniture and vehicles24 | - | €7,390 | €2,768 | €13,677 | €58,537 | ▲ 328% |
| Assets under construction and advance payments27 | - | - | - | - | €86,975 | - |
| Financial fixed assets28 | €125 | - | - | - | - | - |
| Current assets29/58 | €148,133 | €130,599 | €145,720 | €147,874 | €158,977 | ▲ 7.5% |
| Stocks and contracts in progress3 | €34,454 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €3,874 | €16,849 | €24,070 | €23,376 | €42,104 | ▲ 80.1% |
| Trade receivables40 | - | €14,219 | €22,371 | €23,215 | €37,082 | ▲ 59.7% |
| Other amounts receivable41 | - | €2,630 | €1,699 | €161 | €5,022 | ▲ 3,018% |
| Current investments50/53 | - | €51,000 | €44,087 | €44,313 | €44,452 | ▲ 0.3% |
| Cash at bank and in hand54/58 | €108,837 | €62,024 | €76,444 | €79,490 | €71,354 | ▼ 10.2% |
| Deferred charges and accrued income490/1 | - | €726 | €1,119 | €694 | €1,066 | ▲ 53.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €214,739 | €171,798 | €178,713 | €188,188 | €397,942 | ▲ 111% |
| Equity10/15 | €94,030 | €90,357 | €102,096 | €118,449 | €118,236 | ▼ 0.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Reserves13 | €73,215 | €73,215 | €83,496 | €99,849 | €99,636 | ▼ 0.2% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0 | - | - |
| Distributable reserves133 | - | €71,355 | €81,636 | €99,849 | €99,636 | ▼ 0.2% |
| Profit (loss) carried forward14 | €2,215 | -€1,458 | - | €0 | €0 | - |
| Amounts payable17/49 | €120,709 | €81,441 | €76,617 | €69,740 | €279,706 | ▲ 301% |
| Amounts payable after more than one year17 | €61,292 | €47,036 | €32,379 | €22,247 | €189,351 | ▲ 751% |
| Financial debts170/4 | - | €47,036 | €32,379 | €22,247 | €189,351 | ▲ 751% |
| Amounts payable within one year42/48 | €57,992 | €34,125 | €41,170 | €44,499 | €84,949 | ▲ 90.9% |
| Current portion of amounts payable after more than one year42 | - | €14,256 | €14,657 | €10,323 | €18,477 | ▲ 79.0% |
| Trade debts44 | €19,203 | €8,074 | €2,952 | €2,456 | €13,741 | ▲ 459% |
| Suppliers440/4 | - | €8,074 | €2,952 | €2,456 | €13,741 | ▲ 459% |
| Taxes, remuneration and social security45 | - | €11,795 | €17,561 | €31,720 | €19,477 | ▼ 38.6% |
| Taxes450/3 | - | €11,795 | €17,561 | €31,720 | €19,477 | ▼ 38.6% |
| Other amounts payable47/48 | - | - | €6,000 | €0 | €33,254 | - |
| Accrued charges and deferred income492/3 | - | €281 | €3,068 | €2,994 | €5,406 | ▲ 80.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,328 | -€3,673 | €33,513 | €22,907 | €14,687 | ▼ 35.9% |
| + Depreciation and write-downs630 | €22,389 | €21,409 | €8,207 | €8,276 | €21,338 | ▲ 158% |
| Operating cash flow (approximation) | €40,717 | €17,735 | €41,720 | €31,183 | €36,026 | ▲ 15.5% |
| Investment in fixed assets (approximation) | - | €3,998 | €0 | -€15,599 | -€219,988 | ▼ 1,310% |
| Change in cash | - | -€46,812 | €14,420 | €3,046 | -€8,136 | ▼ 367% |
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
23-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Back to profitnet €33,513
Net result €33,513 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €102,096 ▲13%
Equity rises from €90,357 to €102,096.
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 74 days late
2021
31-12
Financial
Weakest financial yearnet -€3,673
Net result drops to -€3,673, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Jabbeke · 1 establishment unit since 2005
Ground area
4,151 m²
Building footprint
375 m²
Volume, LiDAR
3,180 m³
2 parcels, Flanders · tallest building 13.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
BELLESTORM
since 20052.150.555.326
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31012A0929/00G000 | Flanders | 3,153 m² | 1 · 236 m² | 13.2 m · 4 fl. |
| 31032B0486/00Z002 | Flanders | 998 m² | 1 · 138 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 1,035 companies in sector 47721 we hold annual accounts for 583. 453 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
Founded07-11-2005
Fiscal year end31-12
Activities, NACEBEL 2025
47721Retail sale of footwear
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0877107850
Also
9925:BE0877107850
Registered
10-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.