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BELMA SERVICES

Active
Private limited companyfounded 20242 yrs activePraaglaan 29, 2660 Antwerpen, BelgiumKBO/BCE: BE 1010.965.375
Summary

The computed 12-month bankruptcy probability of BELMA SERVICES is 1.7% (moderate). The 2025 annual accounts show equity of €15,881 and a net result of €14,881. Its solvency ranks better than 43% of 1003 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability100
Solvency65
Growth-
Track record67
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.18; short-term debt: 57.5% and cash: 30.8% of total assets), and 59.8% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
40.2%
Return on assets
37.7%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
on the day
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · 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

History

BELMA SERVICES was incorporated on 1 July 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€15,881
Total assets
€39,468
Net result
€14,881
Working capital
€4,132

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €39,468
Fixed assets €12,649
Current assets €26,819
Equity and liabilities €39,468
Equity €15,881
Debt €23,587
Debt finances 59.8% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€21,548
Cash flow
€17,153
Current ratio
1.18
Debt to equity
1.49
ROE
93.7%
ROA
37.7%
Interest coverage
846.01
Debt ≤ 1 year
€22,687
Income taxes
€4,407

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 39,275 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
Filed annual accounts As filed with the NBB · 2025 · 38 lines
Balance sheet Code2025
Assets
Total assets20/58€39,468
Fixed assets21/28€12,649
Tangible fixed assets22/27€12,649
Furniture and vehicles24€12,649
Current assets29/58€26,819
Amounts receivable within one year40/41€14,256
Trade receivables40€14,196
Other amounts receivable41€59
Cash at bank and in hand54/58€12,171
Deferred charges and accrued income490/1€392
Equity and liabilities
Total equity and liabilities10/49€39,468
Equity10/15€15,881
Contributions10/11€1,000
Reserves13€14,881
Distributable reserves133€14,881
Amounts payable17/49€23,587
Amounts payable within one year42/48€22,687
Trade debts44€11,258
Suppliers440/4€11,258
Taxes, remuneration and social security45€11,430
Taxes450/3€8,730
Remuneration and social security454/9€2,700
Accrued charges and deferred income492/3€900
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,272
Other operating charges640/8€1,763
Gross operating margin9900€23,311
Operating profit (loss)9901€19,276
Financial income75/76B€37
Recurring financial income75€37
Financial charges65/66B€25
Recurring financial charges65€25
Profit (loss) for the period before taxes9903€19,287
Income taxes67/77€4,407
Profit (loss) for the period9904€14,881
Profit (loss) for the period to be appropriated9905€14,881
Appropriation of the result
Profit (loss) to be appropriated9906€14,881
Transfer to equity691/2€14,881
To other reserves6921€14,881

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,272
Other operating charges640/8€1,763
Gross operating margin9900€23,311
Operating profit (loss)9901€19,276
Financial income75/76B€37
Recurring financial income75€37
Financial charges65/66B€25
Recurring financial charges65€25
Profit (loss) for the period before taxes9903€19,287
Income taxes67/77€4,407
Profit (loss) for the period9904€14,881
Profit (loss) for the period to be appropriated9905€14,881
Line2025
Assets
Total assets20/58€39,468
Fixed assets21/28€12,649
Tangible fixed assets22/27€12,649
Furniture and vehicles24€12,649
Current assets29/58€26,819
Amounts receivable within one year40/41€14,256
Trade receivables40€14,196
Other amounts receivable41€59
Cash at bank and in hand54/58€12,171
Deferred charges and accrued income490/1€392
Equity and liabilities
Total equity and liabilities10/49€39,468
Equity10/15€15,881
Contributions10/11€1,000
Reserves13€14,881
Distributable reserves133€14,881
Amounts payable17/49€23,587
Amounts payable within one year42/48€22,687
Trade debts44€11,258
Suppliers440/4€11,258
Taxes, remuneration and social security45€11,430
Taxes450/3€8,730
Remuneration and social security454/9€2,700
Accrued charges and deferred income492/3€900
Line2025
Profit (loss) for the period9904€14,881
+ Depreciation and write-downs630€2,272
Operating cash flow (approximation)€17,153

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Antwerpen · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,165 m²
Building footprint
314 m²
Volume, LiDAR
5,233 m³
Parcel 11382C0685/00K002, Flanders · tallest building 19.7 m, ±6 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
BELMA SERVICES
Praaglaan 29, 2660 AntwerpenConstruction of utility projects for electricity and telecommunications
since 20242.361.150.145
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11382C0685/00K002 Flanders 1,165 m² 1 · 314 m² 19.7 m · 6 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.

Similar companies · same sector, comparable size

Of 1,824 companies in sector 42220 we hold annual accounts for 957. 584 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
Founded01-07-2024
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
61100Wired, wireless and satellite telecommunications
E-invoicing
Reachable via Peppol
Peppol ID 0208:1010965375
Also 9925:BE1010965375
Registered 28-01-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.