BELLIPORC
ActiveSummary
BELLIPORC has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€507,401) and a net result of €109,179. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 5% of 5113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▲+24
Solvency0=
Growth52▲+14
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.69 against 0.8 in 2024; short-term debt: 145.6% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-46.3%
Return on assets
10%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 5113 sector peers (2025).
NBB · sector comparisonPosition among 5113 sector peers
Solvency
better than 5%
← weakest
strongest →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
30 d early
2023
27 d early
2022
4 d early
2021
17 d early
2020
25 d early
2019
53 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 11 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 6 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?SOPRACO · 13 companies
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€11.8m▼ 10.3%
2024 · €13.2m
EBIT margin
1.5%▲ 0.7pp
2024 · 0.7%
Net result
€109,179▲ 2,351%
2024 · €4,454
Working capital
-€499,826▲ 16.7%
2024 · -€600,279
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 46, Wholesale trade, 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€15.3m▼ 16.1%€19.0m▲ 23.6%€19.7m▲ 4.0%€13.2m▼ 33.1%€11.8m▼ 10.3%
Operating result-€9,503€228,604-€99,998€94,379€172,768▲ 83.1%
Net result-€86,510below the sector's middle half€158,172within the sector's middle half-€207,380below the sector's middle half€4,454within the sector's middle half€109,179within the sector's middle half▲ 2,351%
EBIT margin-0.1%▼ 2.0pp1.2%▲ 1.3pp-0.5%▼ 1.7pp0.7%▲ 1.2pp1.5%▲ 0.7pp
Equity-€571,826below the sector's middle half▼ 17.8%-€413,653below the sector's middle half▲ 27.7%-€621,033below the sector's middle half▼ 50.1%-€616,579below the sector's middle half▲ 0.7%-€507,401below the sector's middle half▲ 17.7%
Total assets€2.3mwithin the sector's middle half▼ 2.4%€3.7mwithin the sector's middle half▲ 62.1%€2.8mwithin the sector's middle half▼ 25.1%€2.4mwithin the sector's middle half▼ 14.1%€1.1mbelow the sector's middle half▼ 54.1%
Debt€2.9m▲ 1.1%€4.1m▲ 44.1%€3.4m▼ 17.6%€3.0m▼ 11.6%€1.6m▼ 46.7%
Working capital-€571,826below the sector's middle half▼ 20.5%-€413,625below the sector's middle half▲ 27.7%-€621,033below the sector's middle half▼ 50.1%-€600,279below the sector's middle half▲ 3.3%-€499,826below the sector's middle half▲ 16.7%
Solvency-25.0%below the sector's middle half▼ 4.3pp-11.2%below the sector's middle half▲ 13.8pp-22.4%below the sector's middle half▼ 11.2pp-25.8%below the sector's middle half▼ 3.5pp-46.3%below the sector's middle half▼ 20.5pp
Current ratio0.80below the sector's middle half▼ 0.030.90below the sector's middle half▲ 0.100.82below the sector's middle half▼ 0.080.80below the sector's middle half▼ 0.020.69below the sector's middle half▼ 0.11
Return on assets (ROA)-3.8%below the sector's middle half▼ 15.6pp4.3%within the sector's middle half▲ 8.0pp-7.5%below the sector's middle half▼ 11.7pp0.2%within the sector's middle half▲ 7.7pp10.0%above the sector's middle half▲ 9.8pp
Staff (FTE)8.8within the sector's middle half▲ 8.6%7.4within the sector's middle half▼ 15.9%7.5within the sector's middle half▲ 1.4%9.8within the sector's middle half▲ 30.7%11.1within the sector's middle half▲ 13.3%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 83% above 2024.
Key figures and ratios
Quick ratio
0.49▼
2024 · 0.71
Debt ≤ 1 year
€1.6m▼
2024 · €3.0m
Income taxes
€226▼
2024 · €237
Staff costs
€598,386▲
2024 · €497,580
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 317 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 92% are still going.
- Small
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
4.1%
stopped otherwise
92%
still going
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,341 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 317 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €15.2m | €18.9m | €19.6m | €13.5m | €12.0m | ▼ 11.3% |
| Turnover70 | €15.3m | €19.0m | €19.7m | €13.2m | €11.8m | ▼ 10.3% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | -€182,435 | -€27,929 | -€93,910 | €74,109 | €10,181 | ▼ 86.3% |
| Other operating income74 | €5,692 | €5,893 | €6,703 | €243,383 | €130,753 | ▼ 46.3% |
| Non-recurring operating income76A | €115 | - | - | - | €6,153 | - |
| Operating charges60/66A | €15.2m | €18.7m | €19.7m | €13.4m | €11.8m | ▼ 12.0% |
| Goods for resale, raw materials and consumables60 | €12.7m | €16.1m | €17.2m | €11.3m | €9.6m | ▼ 15.2% |
| Purchases600/8 | €12.7m | €16.1m | €17.2m | €11.3m | €9.6m | ▼ 14.9% |
| Change in stocks: decrease (increase)609 | - | - | - | - | -€29,793 | - |
| Services and other goods61 | €2.0m | €2.2m | €2.1m | €1.6m | €1.6m | ▼ 0.2% |
| Remuneration, social security and pensions62 | €448,617 | €361,546 | €388,121 | €497,580 | €598,386 | ▲ 20.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €23,469 | €65,755 | €4,903 | -€41,697 | -€130,139 | ▼ 212% |
| Other operating charges640/8 | €28,745 | €1,950 | €1,417 | €44,358 | €144,595 | ▲ 226% |
| Operating profit (loss)9901 | -€9,503 | €228,604 | -€99,998 | €94,379 | €172,768 | ▲ 83.1% |
| Financial income75/76B | €556 | €11,760 | €10,359 | €8,300 | €9,285 | ▲ 11.9% |
| Recurring financial income75 | €556 | €11,760 | €10,359 | €8,300 | €9,285 | ▲ 11.9% |
| Income from current assets751 | €526 | €11,745 | €10,287 | €8,292 | €8,915 | ▲ 7.5% |
| Other financial income752/9 | €31 | €15 | €72 | €9 | €370 | ▲ 4,138% |
| Financial charges65/66B | €77,490 | €82,125 | €117,572 | €97,989 | €72,648 | ▼ 25.9% |
| Recurring financial charges65 | €77,490 | €82,125 | €117,572 | €97,989 | €72,648 | ▼ 25.9% |
| Debt charges650 | €72,249 | €70,667 | €104,189 | €89,243 | €64,373 | ▼ 27.9% |
| Other financial charges652/9 | €5,242 | €11,458 | €13,384 | €8,746 | €8,275 | ▼ 5.4% |
| Profit (loss) for the period before taxes9903 | -€86,437 | €158,239 | -€207,211 | €4,691 | €109,405 | ▲ 2,232% |
| Income taxes67/77 | €73 | €66 | €169 | €237 | €226 | ▼ 4.3% |
| Taxes670/3 | €73 | €66 | €169 | €237 | €226 | ▼ 4.3% |
| Profit (loss) for the period9904 | -€86,510 | €158,172 | -€207,380 | €4,454 | €109,179 | ▲ 2,351% |
| Profit (loss) for the period to be appropriated9905 | -€86,510 | €158,172 | -€207,380 | €4,454 | €109,179 | ▲ 2,351% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €3.7m | €2.8m | €2.4m | €1.1m | ▼ 54.1% |
| Current assets29/58 | €2.3m | €3.7m | €2.8m | €2.4m | €1.1m | ▼ 54.1% |
| Stocks and contracts in progress3 | €313,837 | €285,908 | €191,997 | €266,107 | €306,081 | ▲ 15.0% |
| Stocks30/36 | €313,837 | €285,908 | €191,997 | €266,107 | €306,081 | ▲ 15.0% |
| Raw materials and consumables30/31 | - | - | - | - | €29,793 | - |
| Work in progress32 | €31,721 | €80,935 | €75,522 | €44,487 | €42,285 | ▼ 4.9% |
| Finished goods33 | €282,116 | €204,973 | €116,476 | €221,620 | €234,003 | ▲ 5.6% |
| Amounts receivable within one year40/41 | €2.0m | €3.4m | €2.6m | €2.1m | €788,278 | ▼ 62.8% |
| Trade receivables40 | €1.1m | €2.1m | €1.6m | €1.3m | €726,705 | ▼ 44.4% |
| Other amounts receivable41 | €845,346 | €1.3m | €1.0m | €813,205 | €61,573 | ▼ 92.4% |
| Cash at bank and in hand54/58 | €2 | - | €2,886 | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €1,480 | €843 | ▼ 43.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €3.7m | €2.8m | €2.4m | €1.1m | ▼ 54.1% |
| Equity10/15 | -€571,826 | -€413,653 | -€621,033 | -€616,579 | -€507,401 | ▲ 17.7% |
| Contributions10/11 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Capital10 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Issued capital100 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Reserves13 | €918 | €918 | €918 | €918 | €918 | = |
| Non-distributable reserves130/1 | €918 | €918 | €918 | €918 | €918 | = |
| Legal reserve130 | €918 | €918 | €918 | €918 | €918 | = |
| Profit (loss) carried forward14 | -€1.7m | -€1.6m | -€1.8m | -€1.8m | -€1.7m | ▲ 6.1% |
| Amounts payable17/49 | €2.9m | €4.1m | €3.4m | €3.0m | €1.6m | ▼ 46.7% |
| Amounts payable within one year42/48 | €2.9m | €4.1m | €3.4m | €3.0m | €1.6m | ▼ 46.6% |
| Financial debts43 | €625,632 | €1.3m | €887,197 | €634,861 | €200,311 | ▼ 68.4% |
| Credit institutions430/8 | €625,632 | €1.3m | €887,197 | €634,861 | €200,311 | ▼ 68.4% |
| Trade debts44 | €741,667 | €1.3m | €944,413 | €744,145 | €865,370 | ▲ 16.3% |
| Suppliers440/4 | €741,667 | €1.3m | €944,413 | €744,145 | €865,370 | ▲ 16.3% |
| Taxes, remuneration and social security45 | €64,393 | €60,301 | €61,124 | €99,864 | €111,646 | ▲ 11.8% |
| Taxes450/3 | €11,741 | €11,474 | €9,438 | €11,614 | €13,138 | ▲ 13.1% |
| Remuneration and social security454/9 | €52,652 | €48,827 | €51,686 | €88,249 | €98,508 | ▲ 11.6% |
| Other amounts payable47/48 | €1.4m | €1.5m | €1.5m | €1.5m | €417,699 | ▼ 72.3% |
| Accrued charges and deferred income492/3 | - | €28 | - | €16,300 | €7,575 | ▼ 53.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€86,510 | €158,172 | -€207,380 | €4,454 | €109,179 | ▲ 2,351% |
| Operating cash flow (approximation) | -€86,510 | €158,172 | -€207,380 | €4,454 | €109,179 | ▲ 2,351% |
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
19-08
State Gazette act
Reappointment: L&S Bedrijfsrevisoren BV (statutory auditor)Permanent representatives: Maria Otten, Maxim Oeyen and Willy Oeyen8 facts ▸
State Gazette act
Reappointment: L&S Bedrijfsrevisoren BV (statutory auditor)
Permanent representatives: Maria Otten, Maxim Oeyen and Willy Oeyen8 facts ▸
- General meeting, 24-06-2026
- Auditor reappointment, L&S Bedrijfsrevisoren BV (statutory auditor)
- Board meeting, 01-07-2026
- Director in office, SOPRACO NV (bestuurder rechtspersoon)
- Permanent representative, Maria Otten (permanent representative)
- Permanent representative, Maxim Oeyen (permanent representative)
- Director in office, CARINO BV (managing director)
- Permanent representative, Willy Oeyen (permanent representative)
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €4,454
Net result €4,454 after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €158,172
Net result €158,172 after one loss-making year.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €276,409
Net result €276,409 after 2 loss-making years.
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 53 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 20 acts read
About the unread acts
Of the 20 Belgian State Gazette acts we know for this company, 1 has been read. The other 19 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
Statutory auditor 1
L&S Réviseurs d'Entreprises, L&S Bedrijfsrevisoren, L&S Registered Auditors
CurrentStatutory auditor · since 19-08-2026 · perm. rep.: Saskia Luteijn
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Geel · 1 establishment unit since 1998
Ground area
2.4 ha
Building footprint
8,509 m²
Parcel 13373K0328/00C002, Flanders. Linked by address, not a title deed.
1 establishment unit
Winkelom 56, 2440 Geel
since 19982.045.572.028
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13373K0328/00C002 | Flanders | 2.4 ha | 1 · 8,509 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| L&S Réviseurs d'Entreprises, L&S Bedrijfsrevisoren, L&S Registered Auditors |
|
Structure & network
Part of the group
SOPRACO
13 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- SOPRACO
- BELLIPORC
Highest known parent: SOPRACO. The sources do not say who stands above it.
Owners 1
- SOPRACOparentSourceaccounts SOPRACO 202599.98%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGeel2.045.572.028
Similar companies · same sector, comparable size
THIERENS VLEESHANDEL
BE 0431.912.393
Temse · FTE 11.2
GROEP DE BRAUWER
BE 0423.512.985
Wingene · FTE 11
Coomans Trade Import
BE 0637.833.594
Antwerpen · FTE 11
BASIC BUSINESS
BE 0472.385.743
Tournai · FTE 11.4
DESSOMVILLE
BE 0445.662.243
Aalst · FTE 10.8
Of 757 companies in this sector we hold annual accounts for 555. 305 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded01-06-1989
Fiscal year end31-12
Activities, NACEBEL 2025
46321Wholesale of meat and meat products, excluding game and poultry
01462Crop and animal production, hunting and related service activities
47761Retail sale of flowers, plants, seeds and fertilisers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437939162
Also
9925:BE0437939162
Registered
19-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.