Belmaco
ActiveSummary
The computed 12-month bankruptcy probability of Belmaco is 1.8% (moderate). For Belmaco, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €125,461 and a net result of €11,731. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 56% of 24615 sector peers (fiscal year 2023). The company has been active since 1973 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability73=
Solvency63▲+1
Growth52=
Track record92
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 2023Solvency, return and age of the figures
Solvency
38.3%
Return on assets
3.6%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 26-05-2026, 664 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
664 d late
2022
1030 d late
2020
153 d late
2017
60 d late
2016
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 394 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Late accounts filing
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 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 2023, micro schema
Equity
€125,461▲ 10.3%
2022 · €113,729
Total assets
€327,314▲ 5.5%
2022 · €310,134
Net result
€11,731▲ 9.2%
2022 · €10,748
Working capital
€125,411▲ 10.4%
2022 · €113,630
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202020222023
Operating result€20,422-€9,759-€11,054▲ 13.3%
Net result€14,534within the sector's middle half-€10,748within the sector's middle half-€11,731within the sector's middle half▲ 9.2%
Equity€100,603within the sector's middle half-€113,729within the sector's middle half-€125,461above the sector's middle half▲ 10.3%
Total assets€304,741within the sector's middle half-€310,134within the sector's middle half-€327,314above the sector's middle half▲ 5.5%
Debt€204,138-€196,405-€201,853▲ 2.8%
Working capital€100,405-€113,630-€125,411▲ 10.4%
Solvency33.0%within the sector's middle half-36.7%within the sector's middle half-38.3%within the sector's middle half▲ 1.7pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2023; 2023 is 13% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €327,314
Fixed assets
€50 ▼ 50.0%
Current assets
€327,264 ▲ 5.6%
Equity and liabilities €327,314
Equity
€125,461 ▲ 10.3%
Debt
€201,853 ▲ 2.8%
Debt's share of the balance-sheet total falls from 63.3% to 61.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11,104▲
2022 · €9,809
Cash flow
€11,781▲
2022 · €10,797
Current ratio
1.62▲
2022 · 1.58
Quick ratio
1.26▲
2022 · 1.19
Debt to equity
1.61▼
2022 · 1.73
ROE
9.4%▼
2022 · 9.5%
ROA
3.6%▲
2022 · 3.5%
Interest coverage
7.03▲
2022 · 6.57
Debt ≤ 1 year
€201,853▲
2022 · €196,405
Income taxes
€3,414▲
2022 · €2,987
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2,025 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,408 | €50 | €50 | ▲ 0.1% |
| Other operating charges640/8 | - | €1,088 | €1,173 | ▲ 7.9% |
| Gross operating margin9900 | €28,533 | €12,921 | €12,277 | ▼ 5.0% |
| Operating profit (loss)9901 | €20,422 | €9,759 | €11,054 | ▲ 13.3% |
| Financial income75/76B | - | €5,469 | €5,670 | ▲ 3.7% |
| Recurring financial income75 | €292 | €5,469 | €5,670 | ▲ 3.7% |
| Financial charges65/66B | - | €1,494 | €1,579 | ▲ 5.7% |
| Recurring financial charges65 | €3,572 | €1,494 | €1,579 | ▲ 5.7% |
| Profit (loss) for the period before taxes9903 | €17,142 | €13,734 | €15,145 | ▲ 10.3% |
| Income taxes67/77 | €2,607 | €2,987 | €3,414 | ▲ 14.3% |
| Profit (loss) for the period9904 | €14,534 | €10,748 | €11,731 | ▲ 9.2% |
| Transfer from tax-exempt reserves789 | - | €33,635 | - | - |
| Profit (loss) for the period to be appropriated9905 | €14,534 | €44,383 | €11,731 | ▼ 73.6% |
| Line | 2020 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €304,741 | €310,134 | €327,314 | ▲ 5.5% |
| Fixed assets21/28 | €198 | €99 | €50 | ▼ 50.0% |
| Tangible fixed assets22/27 | €198 | €99 | €50 | ▼ 50.0% |
| Plant, machinery and equipment23 | - | €99 | €50 | ▼ 50.0% |
| Current assets29/58 | €304,543 | €310,035 | €327,264 | ▲ 5.6% |
| Stocks and contracts in progress3 | €77,874 | €75,925 | €72,692 | ▼ 4.3% |
| Stocks30/36 | - | €75,925 | €72,692 | ▼ 4.3% |
| Amounts receivable within one year40/41 | €215,703 | €231,735 | €251,170 | ▲ 8.4% |
| Trade receivables40 | - | €119,770 | €122,995 | ▲ 2.7% |
| Other amounts receivable41 | - | €111,965 | €128,176 | ▲ 14.5% |
| Cash at bank and in hand54/58 | €8,308 | €2,375 | €3,401 | ▲ 43.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €304,741 | €310,134 | €327,314 | ▲ 5.5% |
| Equity10/15 | €100,603 | €113,729 | €125,461 | ▲ 10.3% |
| Contributions10/11 | €24,790 | €24,790 | €24,790 | = |
| Capital10 | - | €24,790 | €24,790 | = |
| Issued capital100 | - | €24,790 | €24,790 | = |
| Reserves13 | €75,813 | €78,192 | €78,192 | = |
| Non-distributable reserves130/1 | - | €2,479 | €2,479 | = |
| Legal reserve130 | - | €2,479 | €2,479 | = |
| Distributable reserves133 | - | €75,713 | €75,713 | = |
| Profit (loss) carried forward14 | - | €10,748 | €22,479 | ▲ 109% |
| Amounts payable17/49 | €204,138 | €196,405 | €201,853 | ▲ 2.8% |
| Amounts payable within one year42/48 | €204,138 | €196,405 | €201,853 | ▲ 2.8% |
| Financial debts43 | - | €21,532 | €21,528 | = |
| Credit institutions430/8 | - | €21,532 | €21,528 | = |
| Trade debts44 | €20,141 | €15,704 | €22,135 | ▲ 41.0% |
| Suppliers440/4 | - | €15,704 | €22,135 | ▲ 41.0% |
| Advances received on contracts in progress46 | - | €143,668 | €142,825 | ▼ 0.6% |
| Taxes, remuneration and social security45 | - | €13,000 | €12,865 | ▼ 1.0% |
| Taxes450/3 | - | €13,000 | €12,865 | ▼ 1.0% |
| Other amounts payable47/48 | - | €2,500 | €2,500 | = |
| Line | 2020 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,534 | €10,748 | €11,731 | ▲ 9.2% |
| + Depreciation and write-downs630 | €7,408 | €50 | €50 | ▲ 0.1% |
| Operating cash flow (approximation) | €21,942 | €10,797 | €11,781 | ▲ 9.1% |
| Investment in fixed assets (approximation) | - | - | €0 | - |
| Change in cash | - | - | €1,027 | - |
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
26-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 664 days late
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1030 days late
2025
08-09
KBO administration
Late accounts filing
2022
31-12
Financial
Weakest financial yearnet €10,748 ▼26.1%
Net result drops to €10,748, the lowest in the series; recovery starts the following year.
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 60 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
26-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 179 days late
2016
31-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 184 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 61 days late
2013
30-09
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 61 days late
2012
31-12
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 153 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Aarschot · 1 establishment unit since 1973
Ground area
4,239 m²
Building footprint
1,038 m²
Volume, LiDAR
5,659 m³
Parcel 24662F0005/00N000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Betekomsesteenweg 99, 3200 Aarschot
since 19732.008.670.654
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24662F0005/00N000 | Flanders | 4,239 m² | 1 · 1,038 m² | 8.3 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.
Similar companies · same sector, comparable size
HET WOONHUIS
BE 0894.896.165
Diest · Eq €127,338
Rose Avril
BE 0830.379.188
Ottignies-Louvain-la-Neuve · Eq €122,631
MOVE BOX
BE 0885.664.933
Brugge · Eq €129,276
CASTEELBOS
BE 1019.909.666
Knokke-Heist · Eq €120,475
VENT D'AILLEURS
BE 0458.749.127
Namur · Eq €132,233
Of 1,046 companies in sector 47559 we hold annual accounts for 350. 279 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 (pre-2019)
Founded19-04-1973
Fiscal year end31-12
Activities, NACEBEL 2025
47559Retail sale of other household articles
95290Repair and maintenance of other personal and household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0413196343
Also
9925:BE0413196343
Registered
19-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.