Equity
-€7,107
Debts exceed assets in financial year 2025.
BELMADECOR
Lifetime
3 annual accounts with figures on one time axispeak €5,468 (2024)
-€7,174▼ €12,642
lowest -€9,608 (2025)
-€9,608▼ €12,757
peak €2,501 (2024)
-€7,107▼ €9,608
€16,899▲ 19.3%
Board2 names since 2022
1 directorRAKKOU Ali
Documentsfilings and deeds
30-06-202631 days before the deadline
2025micro format
Gross margin from €5,468 to -€7,174Loss of €9,608Equity from €2,501 to -€7,107Debts from €14,168 to €16,899Cash from €121 to €1,974
Key points
from the 2025 annual accountsDebts
€16,899 173% of the balance sheet
After one year 0%Within one year 100%
Of this, €16,877 falls due within a year.
Liquidity
0.55 was 1.02 in 2024
Short-term debts rose from €14,147 to €16,877.
Filings
3 annual accounts 1 late
The 2023 accounts came 61 days late. The other two were filed on time.
Starting capital
€6,000 100 shares
Position in the sector
-72.6%
Lower solvency than 95% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
Turnover not published (micro format)
Checked score
50
Fair
Financially stronger than 6% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.6%
01-2025: 11.0%▲ +5.4 percentage points vs 12-2024highest value
02-2025: 5.5%▼ -5.5 percentage points vs 01-2025
03-2025: 5.6%▲ +0.1 percentage points vs 02-2025
04-2025: 6.6%▲ +1.0 percentage point vs 03-2025
05-2025: 6.9%▲ +0.3 percentage points vs 04-2025
06-2025: 7.0%▲ +0.1 percentage points vs 05-2025
07-2025: 7.0%● unchanged vs 06-2025
08-2025: 4.3%▼ -2.7 percentage points vs 07-2025
09-2025: 4.3%● unchanged vs 08-2025
10-2025: 4.3%● unchanged vs 09-2025
11-2025: 4.3%● unchanged vs 10-2025
12-2025: 4.3%● unchanged vs 11-2025
01-2026: 4.3%● unchanged vs 12-2025
02-2026: 3.9%▼ -0.4 percentage points vs 01-2026
03-2026: 3.9%● unchanged vs 02-2026
04-2026: 4.7%▲ +0.8 percentage points vs 03-2026
05-2026: 5.5%▲ +0.8 percentage points vs 04-2026
06-2026: 5.6%▲ +0.1 percentage points vs 05-2026
07-2026: 5.6%● unchanged vs 06-2026
08-2026: 5.1%▼ -0.5 percentage points vs 07-2026
09-2026: 5.1%● unchanged vs 08-2026
10-2026: 2.4%▼ -2.7 percentage points vs 09-2026lowest value
11-2026: 2.4%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Negative equity -€7,107
lowers risk
Size: total assets €9,792
Liquidity: current ratio 0.55, cash €1,974
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 3% of them on solvency, 15% on liquidity, 4% on profitability and 1% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as BELMADECOR has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BELMADECOR itself: 2.4% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 7,639 companies, not a prediction for BELMADECOR. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.55 (1.02 in 2024), below 1. Short-term debt is 172.4% and cash 20.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€7,107
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 30-06-2026, 31 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
31 days early
2024
14 days early
2023
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 5 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (3 of the last 3 accounts filed within 76 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- RAKKOU Ali founderdeed of 15-06-2022
- RABARI Youness founderdeed of 15-06-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0787180437
Registered office moved within Ans
New registered office: Rue des Français 37 à 4430 ANS · Previous registered office: Rue des Français 187, 4430 ANS · Resignation: RABARI Youness (director) · General meeting of 21-11-2024 · Gazette deed
Registered office moved within Ans
New registered office: rue des francais 187 4430 ANS · Previous registered office: Avenue Freddy Terwagne 4 Boîte 20, 4431 Ans · General meeting of 30-12-2022 · Gazette deed
Incorporation
Founding capital of €6,000, 100 shares · Founders: RAKKOU Ali and RABARI Youness · Appointments: RAKKOU Ali (director) and RABARI Youness (director) · published on 15-06-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BELMADECOR Ans | €9,792 | -€7,174 | -72.6% | - |
| MARINO PEINTURE ET DECORATION Dison | €7,346 | -€11,486 | -83.3% | - |
| LUXE DECO Zaventem | €7,582 | -€7,626 | -3.9% | - |
| VERONOVA Maldegem | €6,770 | -€7,077 | -54.4% | - |
| SAB'IN COLOR Chaudfontaine | €8,247 | €1,209 | 7.8% | - |
| Schilderwerken Meynants Edegem | €6,443 | -€368 | -87.7% | - |
| EBEN SCHILDERWERKEN Pelt | €13,905 | -€4,234 | -30.2% | - |
These companies have the same main activity as BELMADECOR: painting of buildings (NACE 43341). They are comparable in size and age: total assets between €6,440 and €13,900, founded between 2020 and 2023.
Official details
Source: KBO- Status
- Active since 13-06-2022Normal situation
- Activity
- Painting of buildingsNACE 43341and 1 other
- Establishment unit
- 2.333.876.2204430 Ans, since 13-06-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 09-12-2025
Annual accounts 2025
- €9,792▼ 41.3%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on BELMADECOR
BELMADECOR files the micro format. That format states no turnover. The gross margin fell from -€2,066 in 2023 to -€7,174 in 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 BELMADECOR
- What is the company number of BELMADECOR?
- The company number of BELMADECOR is 0787.180.437. The VAT number is the same number with BE in front: BE 0787.180.437.
- Where is BELMADECOR based?
- The registered office is at Rue des Français 37, 4430 Ans.Company details
- What does BELMADECOR do?
- According to the KBO register, the main activity is painting of buildings (NACE 43341).
- What is the legal form of BELMADECOR?
- BELMADECOR is a private limited company (BV).
- When was BELMADECOR founded?
- BELMADECOR was founded on 13-06-2022.
- Is BELMADECOR still active?
- Yes, BELMADECOR is an active enterprise in the KBO register.
- What is the turnover of BELMADECOR?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is BELMADECOR profitable?
- In financial year 2025, BELMADECOR made a loss of €9,608.
- Where can I find the annual accounts of BELMADECOR?
- BELMADECOR filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BELMADECOR due?
- BELMADECOR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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