Belmans
ActiveBelmans has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €232k and a net result of €36k. Equity is shrinking by ~9% per year across the filed fiscal years. Its solvency ranks better than 68% of 7031 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▼-17
Solvency98▼-2
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 4.73 against 17.18 in 2024; short-term debt: 20.2% and cash: 86.6% of total assets), and 27.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
72.9%
Return on assets
11.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
8 d early
2023
25 d early
2022
39 d early
2021
3 d early
2020
on the day
2019
8 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€232k▼ 5.7%
2024 · €246k
2018: €447k
2019: €297k
2020: €224k
2021: €200k
2022: €171k
2023: €168k
2024: €246k
2018 → 2025
Total assets
€318k▲ 9.7%
2024 · €290k
2018: €516k
2019: €361k
2020: €337k
2021: €256k
2022: €217k
2023: €209k
2024: €290k
2018 → 2025
Net result
€36k▼ 53.8%
2024 · €78k
2018: €48k
2019: €17k
2020: €-23k
2021: €-24k
2022: €-30k
2023: €-2k
2024: €78k
2018 → 2025
Working capital
€240k▼ 6.4%
2024 · €256k
2018: €465k
2019: €313k
2020: €239k
2021: €214k
2022: €185k
2023: €178k
2024: €256k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€200k-€171k▼ 14.8%€168k▼ 1.4%€246k▲ 46.3%€232k▼ 5.7%
Operating result€-21k-€-31k▼ 45.3%€-358▲ 98.8%€84k€53k▼ 36.8%
Net result€-24k-€-30k▼ 24.6%€-2k▲ 91.9%€78k€36k▼ 53.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €318k
Fixed assets
€15k▼ 21.8%
Current assets
€304k▲ 11.8%
Equity and liabilities €318k
Equity
€232k▼ 5.7%
Debt
€86k▲ 95.0%
The debt ratio rises from 15.2% to 27.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€57k▼
2024 · €89k
Cash flow
€40k▼
2024 · €83k
Solvency
72.9%▼
2024 · 84.8%
Current ratio
4.73▼
2024 · 17.18
Quick ratio
4.73▼
2024 · 17.18
Debt / equity
0.37▲
2024 · 0.18
ROE
15.5%▼
2024 · 31.6%
ROA
11.3%▼
2024 · 26.8%
Interest coverage
31.73▼
2024 · 40.47
Debt
€86k▲
2024 · €44k
Debt ≤ 1 year
€64k▲
2024 · €16k
Debt > 1 year
€21k▼
2024 · €28k
Income taxes
€18k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€290k€318k▲
Fixed assets21/28€19k€15k▼
Tangible fixed assets22/27€19k€15k▼
Land and buildings22€19k€15k▼
Financial fixed assets28€25€25=
Current assets29/58€272k€304k▲
Amounts receivable within one year40/41€18k€27k▲
Trade receivables40€18k€23k▲
Other amounts receivable41-€4k
Cash at bank and in hand54/58€251k€276k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€290k€318k▲
Equity10/15€246k€232k▼
Contributions10/11€12k€12k=
Reserves13€234k€220k▼
Distributable reserves133€234k€220k▼
Amounts payable17/49€44k€86k▲
Amounts payable after more than one year17€28k€21k▼
Financial debts170/4€28k€21k▼
Amounts payable within one year42/48€16k€64k▲
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€7k€4k▼
Taxes450/3€7k€4k▼
Other amounts payable47/48€776€50k▲
Accrued charges and deferred income492/3€860€749▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Other operating charges640/8€1k€920▼
Gross operating margin9900€90k€58k▼
Operating profit (loss)9901€84k€53k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€84k€53k▼
Income taxes67/77€6k€18k▲
Profit (loss) for the period9904€78k€36k▼
Profit (loss) for the period to be appropriated9905€78k€36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€61k€36k▼
Profit (loss) brought forward from the previous period14P€-17k-
Transfer from equity791/2-€50k
Transfer to equity691/2€61k€36k▼
To other reserves6921€61k€36k▼
Profit to be distributed694/7€60€50k▲
Return on contributions (dividend)694-€50k
Directors or managers695€60-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €78k
Net result €78k after 4 loss-making years.
30-09
Financial
Equity above €200kEq €246k ▲46.3%
Equity rises from €168k to €246k.
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity times 5current ratio 22.33
Current ratio from 4.80 to 22.33; short-term debt falls from €63k to €10k.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
24-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Edegem · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hofgracht 122650 EdegemGround area
263 m²
Building footprint
81 m²
Volume, LiDAR
678 m³
Parcel 11472B0170/00R002, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Belmans BVBA
since 20032.134.304.460
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472B0170/00R002 | Flanders | 263 m² | 1 · 81 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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Of 9,862 companies in sector 73110 we hold annual accounts for 3,755. 2,735 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-11-2003
Fiscal year end30-09
Activities, NACEBEL
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.