BELLFORT

Active

Private limited companyfounded 20188 yrs activeMarcel Broodthaersplein 8, 1060 Sint-Gillis (bij-Brussel), BelgiumKBO/BCE: BE 0695.557.997

The computed 12-month bankruptcy probability of BELLFORT is 2.2% (moderate). The 2024 annual accounts show equity of €76k and a net result of €9k. Equity is growing by ~36.3% per year across the filed fiscal years. Its solvency ranks better than 25% of 3550 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

42 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability48▼-24

Solvency47▲+1

Growth78=

Track record100

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days only on tighter terms

Liquidity tight (current ratio 1.23 against 1.12 in 2023; short-term debt: 77.6% and cash: 0.9% of total assets), and 77.6% of the assets are financed with debt.

How do we compute the score and the probability?

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Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

22.4%

Return on assets

2.6%

Age of the figures

21 mo

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 3550 sector peers (2024).

NBB · sector comparison

Position among 3550 sector peers

Solvency

better than 25%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

not confirmed

2024

9 d early

2023

61 d late

2022

88 d late

2021

30 d late

2020

69 d late

2019

80 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€9k▼ 42.3%

2023 · €15k

2019: €-30k 2020: €2k 2021: €54k 2022: €8k 2023: €15k

2019 → 2024

Working capital

€60k▲ 93.9%

2023 · €31k

2019: €-10k 2020: €-3k 2021: €49k 2022: €37k 2023: €31k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-9k-€44k€52k▲ 17.3%€67k▲ 29.3%€76k▲ 13.1%

Operating result€4k-€69k▲ 1,758%€31k▼ 55.3%€16k▼ 46.9%€48k▲ 194%

Net result€2k-€54k▲ 2,632%€8k▼ 85.7%€15k▲ 98.3%€9k▼ 42.3%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 194% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €341k

95.3%

Fixed assets €16k▼ 55.7%

Current assets €325k▲ 12.7%

Equity and liabilities €341k

22.4%

77.6%

Equity €76k▲ 13.1%

Debt €265k▲ 2.9%

The debt ratio falls from 79.2% to 77.6%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€73k▲

2023 · €42k

Cash flow

€34k▼

2023 · €41k

Solvency

22.4%▲

2023 · 20.8%

Current ratio

1.23▲

2023 · 1.12

Quick ratio

1.23▲

2023 · 1.12

Debt / equity

3.47▼

2023 · 3.81

ROE

11.6%▼

2023 · 22.7%

ROA

2.6%▼

2023 · 4.7%

Interest coverage

3.11▼

2023 · 5.73

Debt

€265k▲

2023 · €257k

Debt ≤ 1 year

€265k▲

2023 · €257k

Income taxes

€16k▲

2023 · €-6k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€324k€341k▲

Fixed assets21/28€36k€16k▼

Tangible fixed assets22/27€36k€16k▼

Plant, machinery and equipment23€6k€3k▼

Furniture and vehicles24€31k€14k▼

Current assets29/58€288k€325k▲

Amounts receivable within one year40/41€286k€322k▲

Trade receivables40€259k€291k▲

Other amounts receivable41€27k€30k▲

Cash at bank and in hand54/58€2k€3k▲

Equity and liabilities

Total equity and liabilities10/49€324k€341k▲

Equity10/15€67k€76k▲

Contributions10/11€19k€19k=

Profit (loss) carried forward14€49k€58k▲

Amounts payable17/49€257k€265k▲

Amounts payable within one year42/48€257k€265k▲

Financial debts43-€50k

Credit institutions430/8-€50k

Trade debts44€224k€195k▼

Suppliers440/4€224k€195k▼

Taxes, remuneration and social security45€7k€17k▲

Taxes450/3€7k€17k▲

Other amounts payable47/48€26k€3k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€25k▼

Other operating charges640/8€12k€11k▼

Gross operating margin9900€53k€84k▲

Operating profit (loss)9901€16k€48k▲

Financial income75/76B€386€9▼

Recurring financial income75€386€9▼

Financial charges65/66B€7k€23k▲

Recurring financial charges65€7k€23k▲

Profit (loss) for the period before taxes9903€9k€25k▲

Income taxes67/77€-6k€16k▲

Profit (loss) for the period9904€15k€9k▼

Profit (loss) for the period to be appropriated9905€15k€9k▼

Appropriation of the result

Profit (loss) to be appropriated9906€49k€58k▲

Profit (loss) brought forward from the previous period14P€34k€49k▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 2Filings 6

2025

22-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

30-09

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 61 days late

2023

27-10

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 88 days late

2022

30-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 30 days late

2021

31-12

Financial Highest result since 2019net €54k ▲2632%

Operating result €69k, net result €54k, both a record.

08-10

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 69 days late

2020

31-12

Financial Back to profitnet €2k

Net result €2k after one loss-making year.

19-10

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 80 days late

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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2018

establishment The establishment unit on the map

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.

Marcel Broodthaersplein 81060 Sint-Gillis (bij-Brussel)

Ground area

3,197 m²

Building footprint

2,285 m²

Volume, LiDAR

69,488 m³

2 parcels, Brussels, Wallonia · tallest building 49.4 m, ±10 floors. Linked by address, not a title deed.

1 establishment unit

Rue Raymond Lebleux 87, 1428 Braine-l'Alleud

Site preparation

since 20182.275.909.020

2 parcels

Wallonia 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21562A0411/00A002	Brussels	2,707 m²	1 · 2,234 m²	49.4 m · 10 fl.
25054D0053/00Z003	Wallonia	490 m²	1 · 51 m²	9.8 m · 3 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.

Similar companies · same sector, comparable size

Bel TP

BE 1002.945.554

Fosses-la-Ville · Eq €76k

META TECH

BE 0791.268.887

Temse · Eq €76k

GRONDWERKEN CEUSTERS GERD

Tielt-Winge · Eq €76k

Of 8,454 companies in sector 43120 we hold annual accounts for 3,232. 2,602 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded27-04-2018

Fiscal year end31-12

Activities, NACEBEL

43120Site preparation

43130Specialised construction activities

43230Insulation installation

43291Specialised construction activities

43310Plastering work

43320Joinery installation

43341Painting of buildings

Sources

Crossroads Bank for EnterprisesNational Bank · 6 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.