Equity
€170,524 ▲ 273%
Equity rose in 2025 from €45,764 to €170,524.
BELMACO
Lifetime
15 annual accounts with figures on one time axis, 46 filings since 1980peak €3.4m (2007)
-not published
lowest -€1.1m (2020)
€124,760▲ 20.5%
peak €517,049 (2018)
€170,524▲ 273%
€3.6m▼ 14.3%
peak 9.5 FTE (2009)
-not published
Board20 names since 2015all names
2 directors and 1 other
Owners5 names in the annual accounts
consolidates
Documentsfilings and deeds
13-07-202618 days before the deadline
2025abbreviated format
Equity from €45,764 to €170,524Cash from €2,327 to €17,536
Key points
from the 2025 annual accountsTurnover
≈ €3.5m estimated
The accounts state no turnover.
Debts
€3.6m 95% of the balance sheet
Financial debts 35%Suppliers 6%Other 59%
€1.9m of the debts are secured on the company's own assets. In 2021 that was €4.6m.
Filings
46 annual accounts since 1980
Six of the last ten came late. The 2021 accounts came latest: 141 days after the end of the period.
Board
1 left
A director left. Latest change 31-03-2026 · 1 in office.
Position in the sector
4.5%
Lower solvency than 88% of companies in wholesale trade. Sector median 44.1% · 10,745 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,217 companies had the same profile as BELMACO has now. Each dot stands for 4 companies, two years later.
96.0%
were still trading
2.5%
stopped another way
1.5%
went bankrupt
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,217 companies, not a prediction for BELMACO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Resignation: (managing director)
Director discharge: · General meeting of 31-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0419802736
Appointment: (statutory auditor)
Permanent representative: · General meeting of 05-07-2023 · Gazette deed
Amendment of the articles
General meeting of 18-09-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BELMACO Gembloux | €3.8m | €0.7m | 4.5% | - |
| METAFAN Roeselare | €3.9m | €0.6m | 69.6% | 3.7 |
| BOUGARD Binche | €4.3m | €0.9m | 26.5% | 8.3 |
| TUVO Ranst | €2.7m | €0.6m | 32.1% | 3.6 |
| MARCHANDISE Genk Genk | €4.1m | €0.8m | 15.0% | 9.8 |
| CEULEMANS Boechout | €2.9m | €0.5m | 91.0% | 1 |
| Liège-Soudage Herstal | €2.8m | €1.0m | 42.1% | 9.8 |
These companies have the same main activity as BELMACO: wholesale of machine tools (NACE 46620). They are comparable in size and age: total assets between €2.7m and €4.3m, founded between 1979 and 1985.
Official details
Source: KBO- Status
- Active since 25-10-1979Normal situation
- Activity
- Wholesale of machine toolsNACE 46620and 2 others
- Establishment unit
- 2.016.790.0495030 Gembloux, since 10-07-1997
- Financial year end
- 31 December
- Peppol
- Reachable since 02-02-2026
Annual accounts 2025
- €3.8m▼ 11.3%
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Insights on BELMACO
BELMACO has been active since 1979 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €170,524 and a net result of €124,760.
Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 12% of 10,745 sector peers (NACE 46, financial year 2025).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BELMACO
- What is the company number of BELMACO?
- The company number of BELMACO is 0419.802.736. The VAT number is the same number with BE in front: BE 0419.802.736.
- Where is BELMACO based?
- The registered office is at Rue des Praules, Sauv. 3, 5030 Gembloux.Company details
- What does BELMACO do?
- According to the KBO register, the main activity is wholesale of machine tools (NACE 46620).
- What is the legal form of BELMACO?
- BELMACO is a public limited company (NV).
- When was BELMACO founded?
- BELMACO was founded on 25-10-1979.
- Is BELMACO still active?
- Yes, BELMACO is an active enterprise in the KBO register.
- What is the turnover of BELMACO?
- The turnover in financial year 2025 is ≈ €3.5m. This figure is estimated from the gross margin of €692,280 and 139 comparable companies (NACE 46). It probably lies between €2.2m and €6.0m.Financials
- Is BELMACO profitable?
- In financial year 2025, BELMACO made a profit of €124,760.
- Where can I find the annual accounts of BELMACO?
- BELMACO filed 46 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BELMACO due?
- BELMACO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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