Belluca
ActiveSummary
Belluca has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €136k and a net result of €62k. Its solvency ranks better than 82% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+5
Growth52
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 6.64 against 3.2 in 2024; short-term debt: 15.1% and cash: 7.6% of total assets), and 15.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
84.6%
Return on assets
38.3%
Age of the figures
9 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 12-05-2026, 80 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
80 d early
2024
86 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€136k▲ 79.1%
2024 · €76k
2024: €76k
2025: €136k▲ +79.1% vs 2024
2024 → 2025
Total assets
€161k▲ 49.0%
2024 · €108k
2024: €108k
2025: €161k▲ +49.0% vs 2024
2024 → 2025
Net result
€62k▼ 17.5%
2024 · €75k
2024: €75k
2025: €62k▼ -17.5% vs 2024
2024 → 2025
Working capital
€137k▲ 97.2%
2024 · €69k
2024: €69k
2025: €137k▲ +97.2% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€76k-€136k▲ 79.1%
2024: €76k
2025: €136k▲ +79.1% vs 2024
Operating result€97k-€79k▼ 18.5%
2024: €97k
2025: €79k▼ -18.5% vs 2024
Net result€75k-€62k▼ 17.5%
2024: €75k
2025: €62k▼ -17.5% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €161k
Equity
€136k ▲ 79.1%
Debt
€25k ▼ 22.6%
Debt's share of the balance-sheet total falls from 29.6% to 15.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€79k▼
2024 · €101k
Cash flow
€62k▼
2024 · €78k
Current ratio
6.64▲
2024 · 3.20
Debt to equity
0.18▼
2024 · 0.42
ROE
45.3%▼
2024 · 98.3%
ROA
38.3%▼
2024 · 69.2%
Interest coverage
72.52▼
2024 · 690.06
Debt ≤ 1 year
€24k▼
2024 · €32k
Income taxes
€16k▼
2024 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€108k€161k▲
Fixed assets21/28€7k€0▼
Tangible fixed assets22/27€7k€0▼
Furniture and vehicles24€7k€0▼
Current assets29/58€101k€161k▲
Amounts receivable within one year40/41€47k€39k▼
Trade receivables40€47k€38k▼
Other amounts receivable41€21€676▲
Current investments50/53-€110k
Cash at bank and in hand54/58€52k€12k▼
Deferred charges and accrued income490/1€1k€373▼
Equity and liabilities
Total equity and liabilities10/49€108k€161k▲
Equity10/15€76k€136k▲
Contributions10/11€3k€3k=
Reserves13€73k€133k▲
Distributable reserves133€73k€133k▲
Profit (loss) carried forward14€-163€0▲
Amounts payable17/49€32k€25k▼
Amounts payable within one year42/48€32k€24k▼
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€25k€17k▼
Taxes450/3€22k€14k▼
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€4k€5k▲
Accrued charges and deferred income492/3€533€533=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€0▼
Other operating charges640/8€2k€867▼
Gross operating margin9900€103k€80k▼
Operating profit (loss)9901€97k€79k▼
Financial income75/76B-€12
Recurring financial income75-€12
Financial charges65/66B€146€1k▲
Recurring financial charges65€146€1k▲
Profit (loss) for the period before taxes9903€97k€78k▼
Income taxes67/77€22k€16k▼
Profit (loss) for the period9904€75k€62k▼
Profit (loss) for the period to be appropriated9905€75k€62k▼
Appropriation of the result
Profit (loss) to be appropriated9906€75k€62k▼
Transfer to equity691/2€73k€60k▼
To other reserves6921€73k€60k▼
Profit to be distributed694/7€2k€2k▼
Return on contributions (dividend)694€2k€2k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €0 | ▼ 100% |
| Other operating charges640/8 | €2k | €867 | ▼ 60.0% |
| Gross operating margin9900 | €103k | €80k | ▼ 22.1% |
| Operating profit (loss)9901 | €97k | €79k | ▼ 18.5% |
| Financial income75/76B | - | €12 | - |
| Recurring financial income75 | - | €12 | - |
| Financial charges65/66B | €146 | €1k | ▲ 649% |
| Recurring financial charges65 | €146 | €1k | ▲ 649% |
| Profit (loss) for the period before taxes9903 | €97k | €78k | ▼ 19.5% |
| Income taxes67/77 | €22k | €16k | ▼ 26.2% |
| Profit (loss) for the period9904 | €75k | €62k | ▼ 17.5% |
| Profit (loss) for the period to be appropriated9905 | €75k | €62k | ▼ 17.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €108k | €161k | ▲ 49.0% |
| Fixed assets21/28 | €7k | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €7k | €0 | ▼ 100% |
| Furniture and vehicles24 | €7k | €0 | ▼ 100% |
| Current assets29/58 | €101k | €161k | ▲ 59.7% |
| Amounts receivable within one year40/41 | €47k | €39k | ▼ 18.2% |
| Trade receivables40 | €47k | €38k | ▼ 19.6% |
| Other amounts receivable41 | €21 | €676 | ▲ 3,105% |
| Current investments50/53 | - | €110k | - |
| Cash at bank and in hand54/58 | €52k | €12k | ▼ 76.6% |
| Deferred charges and accrued income490/1 | €1k | €373 | ▼ 71.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €108k | €161k | ▲ 49.0% |
| Equity10/15 | €76k | €136k | ▲ 79.1% |
| Contributions10/11 | €3k | €3k | = |
| Reserves13 | €73k | €133k | ▲ 81.9% |
| Distributable reserves133 | €73k | €133k | ▲ 81.9% |
| Profit (loss) carried forward14 | €-163 | €0 | ▲ 100% |
| Amounts payable17/49 | €32k | €25k | ▼ 22.6% |
| Amounts payable within one year42/48 | €32k | €24k | ▼ 23.0% |
| Trade debts44 | €2k | €2k | ▲ 41.3% |
| Suppliers440/4 | €2k | €2k | ▲ 41.3% |
| Taxes, remuneration and social security45 | €25k | €17k | ▼ 33.7% |
| Taxes450/3 | €22k | €14k | ▼ 38.2% |
| Remuneration and social security454/9 | €3k | €3k | = |
| Other amounts payable47/48 | €4k | €5k | ▲ 15.3% |
| Accrued charges and deferred income492/3 | €533 | €533 | = |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €75k | €62k | ▼ 17.5% |
| + Depreciation and write-downs630 | €3k | €0 | ▼ 100% |
| Operating cash flow (approximation) | €78k | €62k | ▼ 21.1% |
| Investment in fixed assets (approximation) | - | €7k | - |
| Change in cash | - | €-40k | - |
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
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 6.64
Current ratio from 3.20 to 6.64; short-term debt falls from €32k to €24k.
31-12
Financial
Equity above €100kEq €136k ▲79.1%
2 profitable years in a row build equity to €136k.
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · 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, Ronse · 1 establishment unit since 2023
Ground area
1,529 m²
Building footprint
116 m²
Volume, LiDAR
643 m³
Parcel 45041B1256/00P000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Belluca
since 20232.347.322.794
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45041B1256/00P000 | Flanders | 1,529 m² | 1 · 116 m² | 9.2 m · 2 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,877 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
Founded21-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
70100Activities of head offices
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.