BELMADECOR
ActiveSummary
The computed 12-month bankruptcy probability of BELMADECOR is 3.4% (moderate). The 2024 annual accounts show equity of €3k and a net result of €3k. Its solvency ranks better than 18% of 36375 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
Profitability92▲+92
Solvency40▲+18
Growth78
Track record94
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
15%
Return on assets
18.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 18%
← weakest
strongest →
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 17-07-2025, 14 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€3k
2023 · €-648
2023: €-648
2024: €3k▲ +486% vs 2023
2023 → 2024
Total assets
€17k▼ 31.3%
2023 · €24k
2023: €24k
2024: €17k▼ -31.3% vs 2023
2023 → 2024
Net result
€3k
2023 · €-7k
2023: €-7k
2024: €3k▲ +147% vs 2023
2023 → 2024
Working capital
€293
2023 · €-4k
2023: €-4k
2024: €293▲ +107% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Available amounts per fiscal year
Line20232024Trend
Equity€-648-€3k
2023: €-648
2024: €3k▲ +486% vs 2023
Operating result€-6k-€3k
2023: €-6k
2024: €3k▲ +153% vs 2023
Net result€-7k-€3k
2023: €-7k
2024: €3k▲ +147% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €3k after a loss of €6k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €17k
Fixed assets
€2k ▼ 36.3%
Current assets
€14k ▼ 30.5%
Equity and liabilities €17k
Equity
€3k
Debt
€14k
Debt finances 85.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€5k▲
2023 · €-3k
Cash flow
€5k▲
2023 · €-3k
Current ratio
1.02▲
2023 · 0.83
Debt to equity
5.66
ROE
125.9%
ROA
18.9%▲
2023 · -27.4%
Interest coverage
25.09▲
2023 · -7.93
Debt ≤ 1 year
€14k▼
2023 · €25k
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 · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€24k€17k▼
Fixed assets21/28€4k€2k▼
Tangible fixed assets22/27€4k€2k▼
Plant, machinery and equipment23-€729
Furniture and vehicles24€4k€2k▼
Current assets29/58€21k€14k▼
Amounts receivable within one year40/41€20k€14k▼
Trade receivables40€17k€12k▼
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€508€121▼
Deferred charges and accrued income490/1€352€17▼
Equity and liabilities
Total equity and liabilities10/49€24k€17k▼
Equity10/15€-648€3k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-7k€-3k▲
Amounts payable17/49€25k€14k▼
Amounts payable within one year42/48€25k€14k▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€12k€2k▼
Taxes450/3€353€0▼
Remuneration and social security454/9€12k€2k▼
Other amounts payable47/48€11k€10k▼
Accrued charges and deferred income492/3-€21
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€2k▼
Other operating charges640/8€552€85▼
Gross operating margin9900€-2k€5k▲
Operating profit (loss)9901€-6k€3k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€330€215▼
Recurring financial charges65€330€215▼
Profit (loss) for the period before taxes9903€-7k€3k▲
Profit (loss) for the period9904€-7k€3k▲
Profit (loss) for the period to be appropriated9905€-7k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-3k▲
Profit (loss) brought forward from the previous period14P-€-7k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €2k | ▼ 45.4% |
| Other operating charges640/8 | €552 | €85 | ▼ 84.6% |
| Gross operating margin9900 | €-2k | €5k | ▲ 365% |
| Operating profit (loss)9901 | €-6k | €3k | ▲ 153% |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Financial charges65/66B | €330 | €215 | ▼ 35.0% |
| Recurring financial charges65 | €330 | €215 | ▼ 35.0% |
| Profit (loss) for the period before taxes9903 | €-7k | €3k | ▲ 147% |
| Profit (loss) for the period9904 | €-7k | €3k | ▲ 147% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €3k | ▲ 147% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €24k | €17k | ▼ 31.3% |
| Fixed assets21/28 | €4k | €2k | ▼ 36.3% |
| Tangible fixed assets22/27 | €4k | €2k | ▼ 36.3% |
| Plant, machinery and equipment23 | - | €729 | - |
| Furniture and vehicles24 | €4k | €2k | ▼ 57.1% |
| Current assets29/58 | €21k | €14k | ▼ 30.5% |
| Amounts receivable within one year40/41 | €20k | €14k | ▼ 28.2% |
| Trade receivables40 | €17k | €12k | ▼ 27.5% |
| Other amounts receivable41 | €3k | €2k | ▼ 32.2% |
| Cash at bank and in hand54/58 | €508 | €121 | ▼ 76.1% |
| Deferred charges and accrued income490/1 | €352 | €17 | ▼ 95.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €24k | €17k | ▼ 31.3% |
| Equity10/15 | €-648 | €3k | ▲ 486% |
| Contributions10/11 | €6k | €6k | = |
| Profit (loss) carried forward14 | €-7k | €-3k | ▲ 47.4% |
| Amounts payable17/49 | €25k | €14k | ▼ 43.2% |
| Amounts payable within one year42/48 | €25k | €14k | ▼ 43.3% |
| Trade debts44 | €2k | €1k | ▼ 21.6% |
| Suppliers440/4 | €2k | €1k | ▼ 21.6% |
| Taxes, remuneration and social security45 | €12k | €2k | ▼ 80.6% |
| Taxes450/3 | €353 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €12k | €2k | ▼ 80.0% |
| Other amounts payable47/48 | €11k | €10k | ▼ 4.0% |
| Accrued charges and deferred income492/3 | - | €21 | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €3k | ▲ 147% |
| + Depreciation and write-downs630 | €4k | €2k | ▼ 45.4% |
| Operating cash flow (approximation) | €-3k | €5k | ▲ 275% |
| Investment in fixed assets (approximation) | - | €-749 | - |
| Change in cash | - | €-386 | - |
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
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ans · 1 establishment unit since 2022
Ground area
263 m²
Building footprint
43 m²
Volume, LiDAR
381 m³
Parcel 62003A0042/00E021, Wallonia · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BELMADECOR
since 20222.333.876.220
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62003A0042/00E021 | Wallonia | 263 m² | 1 · 43 m² | 10.5 m · 3 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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Duffel · Eq €2,597
Of 7,863 companies in sector 43341 we hold annual accounts for 2,663. 704 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
Founded13-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.