BELMAS

The annual accounts of BELMAS for financial year 2025 show a net loss of 57% of the equity at the start of that year. The 2025 annual accounts show equity of €12,575 and a net result of -€16,809. Equity is shrinking by about 18% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2027. Its solvency ranks better than 22% of 17,080 sector peers (NACE 68, financial year 2025). The company has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).