BELMATECH
ActiveSummary
BELMATECH has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103k and a net result of €-6k. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 44% of 1424 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▲+1
Solvency57▼-3
Growth35=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.29 in 2024; short-term debt: 68.3% and cash: 6.6% of total assets), and 68.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 2025Solvency, return and age of the figures
Solvency
31.7%
Return on assets
-1.9%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-6k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 21-01-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
84 d late
2023
3 d late
2022
on the day
2021
9 d late
2020
2 d early
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€29k▼ 35.6%
2022 · €44k
2022: €44k
2023: €29k▼ -35.6% vs 2022
2022 → 2023
EBIT margin
27.1%▼ 68.9pp
2022 · 96.0%
2022: 96.0%
2023: 27.1%▼ -71.8% vs 2022
2022 → 2023
Net result
€-6k▲ 37.4%
2024 · €-10k
2019: €16k
2020: €1k▼ -93.6% vs 2019
2021: €-22k▼ -2287% vs 2020lowest in 7 years
2022: €44k▲ +296% vs 2021highest in 7 years
2023: €8k▼ -80.8% vs 2022
2024: €-10k▼ -218% vs 2023
2025: €-6k▲ +37.4% vs 2024
2019 → 2025
Working capital
€44k▼ 26.4%
2024 · €60k
2019: €88k
2020: €89k▲ +1.6% vs 2019highest in 7 years
2021: €65k▼ -27.1% vs 2020
2022: €79k▲ +20.9% vs 2021
2023: €66k▼ -15.4% vs 2022
2024: €60k▼ -10.0% vs 2023
2025: €44k▼ -26.4% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€44k€29k▼ 35.6%
2022: €44k
2023: €29k▼ -35.6% vs 2022
Equity€67k-€110k▲ 65.2%€119k▲ 7.6%€109k▼ 8.3%€103k▼ 5.7%
2021: €67klowest in 5 years
2022: €110k▲ +65.2% vs 2021
2023: €119k▲ +7.6% vs 2022highest in 5 years
2024: €109k▼ -8.3% vs 2023
2025: €103k▼ -5.7% vs 2024
Operating result€-32k-€42k€8k▼ 81.8%€-16k€-20k▼ 24.1%
2021: €-32klowest in 5 years
2022: €42k▲ +233% vs 2021highest in 5 years
2023: €8k▼ -81.8% vs 2022
2024: €-16k▼ -313% vs 2023
2025: €-20k▼ -24.1% vs 2024
Net result€-22k-€44k€8k▼ 80.8%€-10k€-6k▲ 37.4%
2021: €-22klowest in 5 years
2022: €44k▲ +296% vs 2021highest in 5 years
2023: €8k▼ -80.8% vs 2022
2024: €-10k▼ -218% vs 2023
2025: €-6k▲ +37.4% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20k in 2025 against €16k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €323k
Fixed assets
€59k ▲ 19.6%
Current assets
€265k ▼ 0.1%
Equity and liabilities €323k
Equity
€103k ▼ 5.7%
Debt
€221k ▲ 7.5%
Debt's share of the balance-sheet total rises from 65.4% to 68.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-14k▼
2024 · €-12k
Cash flow
€-118▲
2024 · €-5k
Current ratio
1.20▼
2024 · 1.29
Debt to equity
2.15▲
2024 · 1.89
ROE
-6.0%▲
2024 · -9.1%
ROA
-1.9%▲
2024 · -3.2%
Interest coverage
-29.87▲
2024 · -40.06
Debt ≤ 1 year
€221k▲
2024 · €205k
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 · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€314k€323k▲
Fixed assets21/28€49k€59k▲
Intangible fixed assets21-€14k
Tangible fixed assets22/27€17k€12k▼
Land and buildings22€1k€1k▼
Furniture and vehicles24€16k€11k▼
Financial fixed assets28€32k€32k=
Current assets29/58€265k€265k▼
Amounts receivable within one year40/41€263k€243k▼
Trade receivables40€26k€31k▲
Other amounts receivable41€237k€211k▼
Cash at bank and in hand54/58€1k€21k▲
Deferred charges and accrued income490/1€925€791▼
Equity and liabilities
Total equity and liabilities10/49€314k€323k▲
Equity10/15€109k€103k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€40k€34k▼
Amounts payable17/49€205k€221k▲
Amounts payable within one year42/48€205k€221k▲
Trade debts44€66k€77k▲
Suppliers440/4€66k€77k▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€139k€144k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€281€1k▲
Gross operating margin9900€-11k€-13k▼
Operating profit (loss)9901€-16k€-20k▼
Financial income75/76B€7k€15k▲
Recurring financial income75€7k€15k▲
Financial charges65/66B€291€479▲
Recurring financial charges65€291€479▲
Profit (loss) for the period before taxes9903€-10k€-6k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-10k€-6k▲
Profit (loss) for the period to be appropriated9905€-10k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€40k€34k▼
Profit (loss) brought forward from the previous period14P€50k€40k▼
Transfer to equity691/2€0-
To the legal reserve6920€0-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €44k | €29k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €3k | €18k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €216 | €2k | €5k | €6k | ▲ 27.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-12k | - | - | - | - |
| Other operating charges640/8 | - | €11k | €833 | €281 | €1k | ▲ 278% |
| Gross operating margin9900 | €-31k | €42k | €11k | €-11k | €-13k | ▼ 16.4% |
| Operating profit (loss)9901 | €-32k | €42k | €8k | €-16k | €-20k | ▼ 24.1% |
| Financial income75/76B | - | €8k | €5k | €7k | €15k | ▲ 115% |
| Recurring financial income75 | €12k | €8k | €5k | €7k | €15k | ▲ 115% |
| Financial charges65/66B | - | €882 | €636 | €291 | €479 | ▲ 64.5% |
| Recurring financial charges65 | €3k | €882 | €636 | €291 | €479 | ▲ 64.5% |
| Profit (loss) for the period before taxes9903 | €-22k | €50k | €12k | €-10k | €-6k | ▲ 37.4% |
| Income taxes67/77 | €15 | €6k | €4k | €0 | - | - |
| Profit (loss) for the period9904 | €-22k | €44k | €8k | €-10k | €-6k | ▲ 37.4% |
| Profit (loss) for the period to be appropriated9905 | €-22k | €44k | €8k | €-10k | €-6k | ▲ 37.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €212k | €215k | €201k | €314k | €323k | ▲ 2.9% |
| Fixed assets21/28 | €2k | €34k | €54k | €49k | €59k | ▲ 19.6% |
| Intangible fixed assets21 | - | - | - | - | €14k | - |
| Tangible fixed assets22/27 | - | €2k | €22k | €17k | €12k | ▼ 27.7% |
| Land and buildings22 | - | - | €1k | €1k | €1k | ▼ 11.9% |
| Furniture and vehicles24 | - | €2k | €21k | €16k | €11k | ▼ 28.9% |
| Financial fixed assets28 | €2k | €32k | €32k | €32k | €32k | = |
| Current assets29/58 | €210k | €182k | €147k | €265k | €265k | ▼ 0.1% |
| Amounts receivable within one year40/41 | €200k | €182k | €34k | €263k | €243k | ▼ 7.7% |
| Trade receivables40 | - | €55k | €13k | €26k | €31k | ▲ 19.8% |
| Other amounts receivable41 | - | €127k | €21k | €237k | €211k | ▼ 10.8% |
| Cash at bank and in hand54/58 | €10k | €0 | €113k | €1k | €21k | ▲ 1,788% |
| Deferred charges and accrued income490/1 | - | - | €115 | €925 | €791 | ▼ 14.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €212k | €215k | €201k | €314k | €323k | ▲ 2.9% |
| Equity10/15 | €67k | €110k | €119k | €109k | €103k | ▼ 5.7% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €3k | €3k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | - | €3k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €3k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €1k | €45k | €50k | €40k | €34k | ▼ 15.4% |
| Amounts payable17/49 | €145k | €105k | €82k | €205k | €221k | ▲ 7.5% |
| Amounts payable within one year42/48 | €145k | €103k | €81k | €205k | €221k | ▲ 7.5% |
| Financial debts43 | - | €4k | - | - | - | - |
| Credit institutions430/8 | - | €4k | - | - | - | - |
| Trade debts44 | €144k | €92k | €76k | €66k | €77k | ▲ 15.7% |
| Suppliers440/4 | - | €92k | €76k | €66k | €77k | ▲ 15.7% |
| Taxes, remuneration and social security45 | - | €6k | €5k | €0 | - | - |
| Taxes450/3 | - | €6k | €5k | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €139k | €144k | ▲ 3.6% |
| Accrued charges and deferred income492/3 | - | €2k | €2k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-22k | €44k | €8k | €-10k | €-6k | ▲ 37.4% |
| + Depreciation and write-downs630 | - | €216 | €2k | €5k | €6k | ▲ 27.6% |
| Operating cash flow (approximation) | €-22k | €44k | €11k | €-5k | €-118 | ▲ 97.7% |
| Investment in fixed assets (approximation) | - | €-32k | €-22k | €0 | €-16k | - |
| Change in cash | - | €-10k | €113k | €-112k | €20k | ▲ 118% |
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
Next filing, fiscal year 2026, expected by
2026
21-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 84 days late
2024
03-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 3 days late
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
30-06
Financial
Equity above €100kEq €110k ▲65.2%
Equity rises from €67k to €110k.
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
30-06
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
26-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Ukkel · 1 establishment unit since 2003
Ground area
309 m²
Building footprint
131 m²
Volume, LiDAR
2,007 m³
Parcel 21016B0058/00M002, Brussels · tallest building 17.7 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
BELMATECH
since 20032.126.911.575
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21016B0058/00M002 | Brussels | 309 m² | 1 · 131 m² | 17.7 m · 5 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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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 15,559 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-07-2001
Fiscal year end30-06
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.