BELLVM
ActiveSummary
The computed 12-month bankruptcy probability of BELLVM is 3.0% (moderate). The 2024 annual accounts show equity of €30,794 and a net result of -€6,977. Equity is growing by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 53% of 2023 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability45▼-55
Solvency61▼-18
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.3 in 2023; short-term debt: 51.3% and cash: 9.5% of total assets), and 64.5% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% 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 2024Solvency, return and age of the figures
Solvency
35.5%
Return on assets
-8.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
30 d early
2022
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€30,794▼ 18.5%
2023 · €37,771
Total assets
€86,621▲ 23.2%
2023 · €70,282
Net result
-€6,977
2023 · €21,009
Working capital
-€30,326▼ 32.9%
2023 · -€22,824
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result-€3,197-€27,293-€6,292
Net result-€3,239-€21,009-€6,977
Equity€16,761-€37,771▲ 125%€30,794▼ 18.5%
Total assets€66,745-€70,282▲ 5.3%€86,621▲ 23.2%
Debt€49,983-€32,512▼ 35.0%€55,828▲ 71.7%
Working capital-€26,848--€22,824▲ 15.0%-€30,326▼ 32.9%
Staff (FTE)0.5
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6,292 after €27,293 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €86,621
Fixed assets
€72,475 ▲ 19.6%
Current assets
€14,147 ▲ 46.0%
Equity and liabilities €86,621
Equity
€30,794 ▼ 18.5%
Debt
€55,828 ▲ 71.7%
Debt's share of the balance-sheet total rises from 46.3% to 64.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€8,266▼
2023 · €34,728
Cash flow
€7,581▼
2023 · €28,445
Current ratio
0.32▲
2023 · 0.30
Debt to equity
1.81▲
2023 · 0.86
ROE
-22.7%▼
2023 · 55.6%
ROA
-8.1%▼
2023 · 29.9%
Interest coverage
4.36▼
2023 · 147.55
Debt ≤ 1 year
€44,473▲
2023 · €32,512
Debt > 1 year
€11,355
Income taxes
-€1,211▼
2023 · €6,057
Staff costs
€375▼
2023 · €7,777
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €7,777 | €375 | ▼ 95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,396 | €7,435 | €14,558 | ▲ 95.8% |
| Other operating charges640/8 | €234 | €6,810 | €3,504 | ▼ 48.5% |
| Non-recurring operating charges66A | €1,100 | €6,182 | €40,530 | ▲ 556% |
| Gross operating margin9900 | €534 | €55,498 | €52,675 | ▼ 5.1% |
| Operating profit (loss)9901 | -€3,197 | €27,293 | -€6,292 | ▼ 123% |
| Financial income75/76B | - | €8 | €0 | ▼ 99.8% |
| Recurring financial income75 | - | €8 | €0 | ▼ 99.8% |
| Financial charges65/66B | €42 | €235 | €1,897 | ▲ 706% |
| Recurring financial charges65 | €42 | €235 | €1,897 | ▲ 706% |
| Profit (loss) for the period before taxes9903 | -€3,239 | €27,066 | -€8,188 | ▼ 130% |
| Income taxes67/77 | - | €6,057 | -€1,211 | ▼ 120% |
| Profit (loss) for the period9904 | -€3,239 | €21,009 | -€6,977 | ▼ 133% |
| Profit (loss) for the period to be appropriated9905 | -€3,239 | €21,009 | -€6,977 | ▼ 133% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €66,745 | €70,282 | €86,621 | ▲ 23.2% |
| Fixed assets21/28 | €43,609 | €60,594 | €72,475 | ▲ 19.6% |
| Tangible fixed assets22/27 | €43,609 | €51,594 | €63,475 | ▲ 23.0% |
| Furniture and vehicles24 | €43,609 | €51,594 | €63,475 | ▲ 23.0% |
| Financial fixed assets28 | - | €9,000 | €9,000 | = |
| Current assets29/58 | €23,135 | €9,688 | €14,147 | ▲ 46.0% |
| Amounts receivable within one year40/41 | €6,294 | €2,957 | €3,381 | ▲ 14.3% |
| Trade receivables40 | €2,128 | €1,421 | €3,381 | ▲ 138% |
| Other amounts receivable41 | €4,167 | €1,536 | - | - |
| Cash at bank and in hand54/58 | €12,963 | €858 | €8,199 | ▲ 855% |
| Deferred charges and accrued income490/1 | €3,878 | €5,872 | €2,567 | ▼ 56.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €66,745 | €70,282 | €86,621 | ▲ 23.2% |
| Equity10/15 | €16,761 | €37,771 | €30,794 | ▼ 18.5% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€3,239 | €17,771 | €10,794 | ▼ 39.3% |
| Amounts payable17/49 | €49,983 | €32,512 | €55,828 | ▲ 71.7% |
| Amounts payable after more than one year17 | - | - | €11,355 | - |
| Financial debts170/4 | - | - | €11,355 | - |
| Amounts payable within one year42/48 | €49,983 | €32,512 | €44,473 | ▲ 36.8% |
| Current portion of amounts payable after more than one year42 | - | - | €2,460 | - |
| Trade debts44 | €10,271 | €5 | €1,501 | ▲ 33,098% |
| Suppliers440/4 | €10,271 | €5 | €1,501 | ▲ 33,098% |
| Taxes, remuneration and social security45 | - | €13,264 | €5,863 | ▼ 55.8% |
| Taxes450/3 | - | €12,460 | €5,863 | ▼ 52.9% |
| Remuneration and social security454/9 | - | €803 | - | - |
| Other amounts payable47/48 | €39,713 | €19,243 | €34,649 | ▲ 80.1% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,239 | €21,009 | -€6,977 | ▼ 133% |
| + Depreciation and write-downs630 | €2,396 | €7,435 | €14,558 | ▲ 95.8% |
| Operating cash flow (approximation) | -€842 | €28,445 | €7,581 | ▼ 73.3% |
| Investment in fixed assets (approximation) | - | -€24,420 | -€26,438 | ▼ 8.3% |
| Change in cash | - | -€12,105 | €7,341 | ▲ 161% |
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
2026
25-03
State Gazette act
Resignation: Ersid LAMCAJ (manager)Appointment: Frédérick DELANNOIT (manager) · Director discharge4 facts ▸
State Gazette act
Resignation: Ersid LAMCAJ (manager)
Appointment: Frédérick DELANNOIT (manager) · Director discharge4 facts ▸
- General meeting, 02/01/2026
- Director resignation, Ersid LAMCAJ (manager)
- Director discharge, Ersid LAMCAJ
- Director appointment, Frédérick DELANNOIT (manager)
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€6,977
Net result drops to -€6,977, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €21,009
Net result €21,009 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 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
1 director, last change in 2026
Frédérick DELANNOIT
CurrentManager · since 02-01-2026
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 →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Herstal · 1 establishment unit since 2022
Ground area
1.6 ha
Building footprint
1,811 m²
Parcel 62071A0189/00C000, Wallonia. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
BELLVM
since 20222.332.785.959
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62071A0189/00C000 | Wallonia | 1.6 ha | 1 · 1,811 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
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Frédérick DELANNOIT |
|
| Ersid LAMCAJ |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Similar companies · same sector, comparable size
Camperverhuur aan de Maas
BE 0793.364.285
Maaseik · Eq €30,857
BELGA RENT
BE 0444.223.574
Elsene · Eq €30,702
DM ASSETS
BE 0769.912.556
Pepinster · Eq €31,006
CarReSS
BE 0751.671.113
Gent · Eq €30,099
BEBA PARTNERS
BE 0479.414.481
Elsene · Eq €31,613
Of 1,446 companies in sector 77110 we hold annual accounts for 727. 450 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
Founded30-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
77110Renting and leasing of cars and light motor vehicles
77120Rental and leasing activities
Contact
E-invoicing
Reachable via Peppol
Peppol ID
9925:BE0787890616
Registered
26-05-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.