BELMMAR
ActiveSummary
BELMMAR has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €509,731 and a net result of €19,430. Equity is shrinking by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 94% of 462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▼-1
Solvency100=
Growth47=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 9.15 against 6.11 in 2024; short-term debt: 10.9% and cash: 0% of total assets), and 10.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more 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
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
89.1%
Return on assets
3.4%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
16 d early
2023
27 d early
2022
30 d late
2021
73 d late
2020
58 d late
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€385,316▲ 8.2%
2020 · €356,259
EBIT margin
8.3%▲ 19.9pp
2020 · -11.6%
Net result
€19,430▼ 13.5%
2024 · €22,452
Working capital
€506,710▲ 4.0%
2024 · €487,280
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€385,316▲ 8.2%
Operating result€32,088-€13,585-€7,038▲ 48.2%€30,025€26,755▼ 10.9%
Net result€19,152within the sector's middle half-€6,403below the sector's middle half-€83,134below the sector's middle half▼ 1,198%€22,452within the sector's middle half€19,430within the sector's middle half▼ 13.5%
EBIT margin8.3%▲ 19.9pp
Equity€557,386within the sector's middle half▲ 3.6%€550,983within the sector's middle half▼ 1.1%€467,849within the sector's middle half▼ 15.1%€490,301within the sector's middle half▲ 4.8%€509,731within the sector's middle half▲ 4.0%
Total assets€639,887within the sector's middle half▲ 3.4%€613,331within the sector's middle half▼ 4.2%€594,246within the sector's middle half▼ 3.1%€585,748within the sector's middle half▼ 1.4%€571,902within the sector's middle half▼ 2.4%
Debt€82,501▲ 2.5%€62,348▼ 24.4%€126,397▲ 103%€95,447▼ 24.5%€62,171▼ 34.9%
Working capital€545,231▲ 2.1%€543,395▼ 0.3%€464,828▼ 14.5%€487,280▲ 4.8%€506,710▲ 4.0%
Solvency87.1%above the sector's middle half▲ 0.1pp89.8%above the sector's middle half▲ 2.7pp78.7%above the sector's middle half▼ 11.1pp83.7%above the sector's middle half▲ 5.0pp89.1%above the sector's middle half▲ 5.4pp
Staff (FTE)1.1below the sector's middle half▼ 31.3%1.1below the sector's middle half=1.6below the sector's middle half▲ 45.5%0.5below the sector's middle half▼ 68.8%2.5below the sector's middle half▲ 400%
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €571,902
Fixed assets
€3,021 =
Current assets
€568,881 ▼ 2.4%
Equity and liabilities €571,902
Equity
€509,731 ▲ 4.0%
Debt
€62,171 ▼ 34.9%
Debt's share of the balance-sheet total falls from 16.3% to 10.9%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
9.15▲
2024 · 6.11
Debt to equity
0.12▼
2024 · 0.19
ROE
3.8%▼
2024 · 4.6%
ROA
3.4%▼
2024 · 3.8%
Debt ≤ 1 year
€62,171▼
2024 · €95,447
Staff costs
€33,733▲
2024 · €23,097
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €385,316 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €324,500 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €24,369 | €21,571 | €35,082 | €23,097 | €33,733 | ▲ 46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,567 | €4,567 | €4,567 | - | - | - |
| Other operating charges640/8 | - | €202 | €627 | - | - | - |
| Gross operating margin9900 | €61,024 | €12,754 | €33,238 | €53,123 | €60,488 | ▲ 13.9% |
| Operating profit (loss)9901 | €32,088 | -€13,585 | -€7,038 | €30,025 | €26,755 | ▼ 10.9% |
| Financial income75/76B | €2 | - | €13 | - | - | - |
| Recurring financial income75 | €2 | - | €13 | - | - | - |
| Financial charges65/66B | €7,338 | €7,200 | €7,397 | €7,573 | €7,325 | ▼ 3.3% |
| Recurring financial charges65 | €7,338 | €7,200 | €7,397 | €7,573 | €7,325 | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | €24,752 | -€20,785 | -€14,422 | €22,452 | €19,430 | ▼ 13.5% |
| Income taxes67/77 | €5,600 | -€14,382 | €68,712 | - | - | - |
| Profit (loss) for the period9904 | €19,152 | -€6,403 | -€83,134 | €22,452 | €19,430 | ▼ 13.5% |
| Profit (loss) for the period to be appropriated9905 | €19,152 | -€6,403 | -€83,134 | €22,452 | €19,430 | ▼ 13.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €639,887 | €613,331 | €594,246 | €585,748 | €571,902 | ▼ 2.4% |
| Fixed assets21/28 | €12,155 | €7,588 | €3,021 | €3,021 | €3,021 | = |
| Tangible fixed assets22/27 | €9,135 | €4,567 | - | - | - | - |
| Furniture and vehicles24 | €9,135 | €4,567 | - | - | - | - |
| Financial fixed assets28 | €3,021 | €3,021 | €3,021 | €3,021 | €3,021 | = |
| Current assets29/58 | €627,731 | €605,743 | €591,225 | €582,727 | €568,881 | ▼ 2.4% |
| Stocks and contracts in progress3 | €12,230 | €4,850 | €7,150 | €1,615 | - | - |
| Stocks30/36 | €12,230 | €4,850 | €7,150 | €1,615 | - | - |
| Amounts receivable within one year40/41 | €609,379 | €598,665 | €580,333 | €576,874 | €568,603 | ▼ 1.4% |
| Trade receivables40 | €93,145 | €53,046 | €44,057 | €39,128 | €51,484 | ▲ 31.6% |
| Other amounts receivable41 | €516,234 | €545,619 | €536,276 | €537,745 | €517,119 | ▼ 3.8% |
| Cash at bank and in hand54/58 | €6,123 | €2,228 | €3,742 | €4,239 | €278 | ▼ 93.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €639,887 | €613,331 | €594,246 | €585,748 | €571,902 | ▼ 2.4% |
| Equity10/15 | €557,386 | €550,983 | €467,849 | €490,301 | €509,731 | ▲ 4.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €12,400 | €12,400 | - | - | - | - |
| Outside capital11 | - | - | €6,200 | €6,200 | €6,200 | = |
| Share premium1100/10 | - | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €549,326 | €542,923 | €459,789 | €482,241 | €501,671 | ▲ 4.0% |
| Amounts payable17/49 | €82,501 | €62,348 | €126,397 | €95,447 | €62,171 | ▼ 34.9% |
| Amounts payable within one year42/48 | €82,501 | €62,348 | €126,397 | €95,447 | €62,171 | ▼ 34.9% |
| Financial debts43 | €65,509 | €58,375 | €58,794 | €54,805 | €53,312 | ▼ 2.7% |
| Credit institutions430/8 | €53,129 | €47,980 | €50,397 | €48,811 | €49,527 | ▲ 1.5% |
| Other loans439 | €12,380 | €10,395 | €8,397 | €5,993 | €3,786 | ▼ 36.8% |
| Trade debts44 | €1,138 | €180 | €718 | €2,057 | €8,859 | ▲ 331% |
| Suppliers440/4 | €1,138 | €180 | €718 | €2,057 | €8,859 | ▲ 331% |
| Taxes, remuneration and social security45 | €15,854 | €3,793 | €66,885 | €38,586 | - | - |
| Taxes450/3 | €15,854 | - | €66,212 | €38,462 | - | - |
| Remuneration and social security454/9 | - | €3,793 | €673 | €124 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,152 | -€6,403 | -€83,134 | €22,452 | €19,430 | ▼ 13.5% |
| + Depreciation and write-downs630 | €4,567 | €4,567 | €4,567 | - | - | - |
| Operating cash flow (approximation) | €23,720 | -€1,836 | -€78,566 | €22,452 | €19,430 | ▼ 13.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€3,895 | €1,514 | €497 | -€3,960 | ▼ 897% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €500,000Eq €509,731 ▲4%
2 profitable years in a row build equity to €509,731.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €22,452
Net result €22,452 after 2 loss-making years.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€83,134
Net result drops to -€83,134, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 73 days late
2021
31-12
Financial
Back to profitnet €19,152
Net result €19,152 after one loss-making year.
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 58 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
2019
31-12
Financial
Highest result since 2018net €34,645 ▲21.3%
Operating result €59,537, net result €34,645, both a record.
Show earlier events
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 70 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2003
Ground area
801 m²
Building footprint
441 m²
Volume, LiDAR
8,413 m³
Parcel 21562A0329/00R012, Brussels · tallest building 22.6 m, ±6 floors. Linked by address, not a title deed.
176
companies at this address
See who is registered here
1 establishment unit
Belmmar
since 20032.114.228.628
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0329/00R012 | Brussels | 801 m² | 1 · 441 m² | 22.6 m · 6 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 6,996 companies in sector 81220 we hold annual accounts for 2,414. 1,370 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
Founded24-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478063807
Also
9925:BE0478063807
Registered
04-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.