Summary
BELLEVUE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €45.6m and a net result of -€186,625. Equity is growing by ~30% per year across the filed fiscal years. Its solvency ranks better than 79% of 5565 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
6 d late
2023
on the day
2022
4 d early
2021
178 d late
2020
4 d early
2019
2 d early
← 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 25 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€45.6m▼ 0.4%
2024 · €45.7m
Net result
-€186,625
2024 · €394,285
Total assets
€54.5m▲ 5.1%
2024 · €51.9m
Solvency
83.5%▼ 4.6pp
2024 · 88.1%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20212022202320242025
Operating result-€139,105-€1.0m▼ 632%€23,124€411,255▲ 1,678%€204,342▼ 50.3%
Net result-€344,932below the sector's middle half-€1.5mbelow the sector's middle half▼ 336%€34.1mabove the sector's middle half€394,285above the sector's middle half▼ 98.8%-€186,625below the sector's middle half
Equity€11.9mabove the sector's middle half▼ 2.8%€10.4mabove the sector's middle half▼ 12.6%€45.3mabove the sector's middle half▲ 334%€45.7mabove the sector's middle half▲ 0.9%€45.6mabove the sector's middle half▼ 0.4%
Total assets€24.4mabove the sector's middle half▲ 0.6%€47.2mabove the sector's middle half▲ 93.1%€50.7mabove the sector's middle half▲ 7.5%€51.9mabove the sector's middle half▲ 2.3%€54.5mabove the sector's middle half▲ 5.1%
Debt€12.5m▲ 4.2%€36.8m▲ 194%€5.4m▼ 85.3%€6.2m▲ 14.3%€9.0m▲ 45.9%
Working capital€7.0m▼ 4.7%€23.0m▲ 228%€18.4m▼ 20.2%€18.6m▲ 1.3%€18.4m▼ 0.8%
Solvency48.9%within the sector's middle half▼ 1.7pp22.1%below the sector's middle half▼ 26.8pp89.4%above the sector's middle half▲ 67.3pp88.1%above the sector's middle half▼ 1.2pp83.5%above the sector's middle half▼ 4.6pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 50% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54.5m
Fixed assets
€30.5m ▲ 2.5%
Current assets
€24.1m ▲ 8.6%
Equity and liabilities €54.5m
Equity
€45.6m ▼ 0.4%
Debt
€9.0m ▲ 45.9%
Debt's share of the balance-sheet total rises from 11.9% to 16.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-0.4%▼
2024 · 0.9%
ROA
-0.3%▼
2024 · 0.8%
Debt ≤ 1 year
€5.6m▲
2024 · €3.6m
Debt > 1 year
€3.4m▲
2024 · €2.6m
Income taxes
€252,545▲
2024 · -€3,826
Staff costs
€0▲
2024 · -€313
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | €86,835 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €683 | €0 | - | -€313 | €0 | ▲ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,087 | €80,980 | €145,453 | €150,441 | €270,758 | ▲ 80.0% |
| Other operating charges640/8 | €15,464 | €36,461 | €23,946 | €7,136 | €40,653 | ▲ 470% |
| Non-recurring operating charges66A | - | €515,330 | €562 | €0 | - | - |
| Gross operating margin9900 | -€74,872 | -€385,873 | €193,086 | €568,520 | €515,753 | ▼ 9.3% |
| Operating profit (loss)9901 | -€139,105 | -€1.0m | €23,124 | €411,255 | €204,342 | ▼ 50.3% |
| Financial income75/76B | €50 | €0 | €34.1m | €149,995 | €169,355 | ▲ 12.9% |
| Recurring financial income75 | €50 | €0 | €34.1m | €149,995 | €169,355 | ▲ 12.9% |
| Financial charges65/66B | €205,877 | €309,143 | €27,606 | €170,792 | €307,777 | ▲ 80.2% |
| Recurring financial charges65 | €205,877 | €309,143 | €27,606 | €170,792 | €307,777 | ▲ 80.2% |
| Profit (loss) for the period before taxes9903 | -€344,932 | -€1.3m | €34.1m | €390,458 | €65,920 | ▼ 83.1% |
| Income taxes67/77 | - | €177,630 | €1,726 | -€3,826 | €252,545 | ▲ 6,700% |
| Profit (loss) for the period9904 | -€344,932 | -€1.5m | €34.1m | €394,285 | -€186,625 | ▼ 147% |
| Profit (loss) for the period to be appropriated9905 | -€344,932 | -€1.5m | €34.1m | €394,285 | -€186,625 | ▼ 147% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24.4m | €47.2m | €50.7m | €51.9m | €54.5m | ▲ 5.1% |
| Fixed assets21/28 | €10.6m | €22.9m | €29.6m | €29.7m | €30.5m | ▲ 2.5% |
| Tangible fixed assets22/27 | €2.1m | €2.6m | €6.0m | €6.1m | €6.9m | ▲ 12.0% |
| Land and buildings22 | €1.9m | €2.3m | €5.8m | €6.0m | €6.5m | ▲ 9.4% |
| Plant, machinery and equipment23 | - | €3,055 | €1,867 | €4,573 | €217,777 | ▲ 4,663% |
| Furniture and vehicles24 | €65,819 | €164,857 | €126,678 | €117,245 | €101,656 | ▼ 13.3% |
| Other tangible fixed assets26 | €111,625 | €90,060 | €68,495 | €46,930 | €25,365 | ▼ 46.0% |
| Financial fixed assets28 | €8.5m | €20.4m | €23.6m | €23.6m | €23.6m | = |
| Current assets29/58 | €13.9m | €24.3m | €21.2m | €22.2m | €24.1m | ▲ 8.6% |
| Amounts receivable after more than one year29 | €350,000 | €0 | €3.0m | €3.0m | €3.9m | ▲ 28.9% |
| Other amounts receivable291 | €350,000 | €0 | €3.0m | €3.0m | €3.9m | ▲ 28.9% |
| Amounts receivable within one year40/41 | €13.5m | €24.2m | €18.1m | €19.1m | €20.1m | ▲ 5.0% |
| Trade receivables40 | €490,000 | €96,890 | €161,519 | €0 | - | - |
| Other amounts receivable41 | €13.0m | €24.1m | €17.9m | €19.1m | €20.1m | ▲ 5.0% |
| Cash at bank and in hand54/58 | €0 | €27,988 | €67,601 | €35,408 | €120,150 | ▲ 239% |
| Deferred charges and accrued income490/1 | €10 | €0 | €3,022 | €2,236 | €3,329 | ▲ 48.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24.4m | €47.2m | €50.7m | €51.9m | €54.5m | ▲ 5.1% |
| Equity10/15 | €11.9m | €10.4m | €45.3m | €45.7m | €45.6m | ▼ 0.4% |
| Contributions10/11 | €9.1m | €9.1m | €9.1m | €9.1m | €9.1m | = |
| Capital10 | €9.1m | €9.1m | €9.1m | €9.1m | €9.1m | = |
| Issued capital100 | €9.1m | €9.1m | €9.1m | €9.1m | €9.1m | = |
| Revaluation surpluses12 | - | - | €840,000 | €840,000 | €840,000 | = |
| Reserves13 | €2.8m | €1.3m | €35.4m | €35.8m | €35.6m | ▼ 0.5% |
| Non-distributable reserves130/1 | €126,537 | €126,537 | €913,470 | €913,470 | €913,470 | = |
| Legal reserve130 | €126,537 | €126,537 | €913,470 | €913,470 | €913,470 | = |
| Distributable reserves133 | €2.7m | €1.2m | €34.5m | €34.9m | €34.7m | ▼ 0.5% |
| Amounts payable17/49 | €12.5m | €36.8m | €5.4m | €6.2m | €9.0m | ▲ 45.9% |
| Amounts payable after more than one year17 | €5.6m | €35.5m | €2.6m | €2.6m | €3.4m | ▲ 29.8% |
| Financial debts170/4 | €5.6m | €35.5m | €2.6m | €2.6m | €3.4m | ▲ 29.8% |
| Amounts payable within one year42/48 | €6.8m | €1.2m | €2.8m | €3.6m | €5.6m | ▲ 57.7% |
| Current portion of amounts payable after more than one year42 | €22,744 | €17,812 | €100,177 | €245,158 | €241,155 | ▼ 1.6% |
| Financial debts43 | €2.4m | €572,812 | €514,285 | €1.5m | €2.7m | ▲ 82.9% |
| Credit institutions430/8 | €2.4m | €572,812 | €514,285 | €1.5m | €2.7m | ▲ 82.9% |
| Trade debts44 | €89,821 | €99,250 | €64,317 | €92,792 | €555,945 | ▲ 499% |
| Suppliers440/4 | €89,821 | €99,250 | €64,317 | €92,792 | €555,945 | ▲ 499% |
| Taxes, remuneration and social security45 | €1,262 | €23,780 | €1,729 | €69,762 | €44,002 | ▼ 36.9% |
| Taxes450/3 | €1,262 | €23,780 | €1,729 | €69,762 | €44,002 | ▼ 36.9% |
| Other amounts payable47/48 | €4.3m | €535,949 | €2.1m | €1.6m | €2.0m | ▲ 22.7% |
| Accrued charges and deferred income492/3 | €19,499 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€344,932 | -€1.5m | €34.1m | €394,285 | -€186,625 | ▼ 147% |
| + Depreciation and write-downs630 | €48,087 | €80,980 | €145,453 | €150,441 | €270,758 | ▲ 80.0% |
| Operating cash flow (approximation) | -€296,845 | -€1.4m | €34.2m | €544,726 | €84,133 | ▼ 84.6% |
| Investment in fixed assets (approximation) | - | -€12.4m | -€6.8m | -€320,461 | -€1.0m | ▼ 215% |
| Change in cash | - | €27,988 | €39,613 | -€32,193 | €84,742 | ▲ 363% |
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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
06-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 6 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Back to profitnet €34.1m
Net result €34.1m after 2 loss-making years.
30-06
Financial
Equity above €25mEq €45.3m ▲334%
Equity rises from €10.4m to €45.3m.
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 178 days late
30-06
Financial
Weakest financial yearnet -€1.5m
Net result drops to -€1.5m, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 10current ratio 19.43
Current ratio from 2.03 to 19.43; short-term debt falls from €6.8m to €1.2m.
2021
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
08-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
12-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 40 days late
2017
04-08
State Gazette act
General meeting · Statutes amendment
Director resignation · Permanent representative · Liesbet Degroote
07-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 35 days late
2015
17-12
State Gazette act
General meeting · Auditor appointment
Statutes amendment · Share issue · Liesbet Degroote
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Gent · 1 establishment unit since 2011
Ground area
6,744 m²
Building footprint
795 m²
Parcel 44082A0019/00Y000, Flanders. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Bellevue
since 20112.206.689.721
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082A0019/00Y000 | Flanders | 6,744 m² | 1 · 795 m² | - |
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.
Structure & network
Owners and holdings
4 holdingsOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 4
-
98%
-
89.8%
-
83.62%
-
43.46%
According to the annual accounts to 30-06-2025 of BELLEVUE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
F.F.F.
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,200 EUR awarded · 926 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,200 EUR | 926 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 2,875 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-11-2011
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0841241408
Also
9925:BE0841241408
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.