BELNAP
InactiveBELNAP was declared bankrupt on 31-08-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 03-06-2025, published in the Belgian State Gazette on 10-06-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2023.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-01-2024, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-01-2024 close31-08-2024 deadline22-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2023 was due by 31-08-2023 and was filed on 24-08-2023, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not confirmed
2025
not filed
2024
not filed
2023
7 d early
2022
12 d early
2021
on the day
2019
2 d early
← before the deadline
after the deadline →
Financials · fiscal year 2023, abbreviated schema
Equity
€-404k▼ 166%
2022 · €-152k
2018: €80k
2019: €82k
2021: €-71k
2022: €-152k
2018 → 2023
Total assets
€364k▼ 36.2%
2022 · €570k
2018: €691k
2019: €678k
2021: €638k
2022: €570k
2018 → 2023
Net result
€-252k▼ 214%
2022 · €-80k
2018: €610
2019: €1k
2021: €-153k
2022: €-80k
2018 → 2023
Working capital
€-365k▼ 1,103%
2022 · €-30k
2018: €31k
2019: €38k
2021: €-110k
2022: €-30k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202120222023Trend
Equity€80k-€82k▲ 1.6%€-71k€-152k▼ 112%€-404k▼ 166%
Operating result€20k-€24k▲ 21.4%€-133k€-68k▲ 48.6%€-237k▼ 248%
Net result€610-€1k▲ 110%€-153k€-80k▲ 47.5%€-252k▼ 214%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €237k in 2023 against €68k in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €364k
Fixed assets
€29k▼ 21.4%
Current assets
€335k▼ 37.2%
Key figures and ratios
EBITDA
€-228k▼
2022 · €-59k
Cash flow
€-243k▼
2022 · €-72k
Solvency
-110.9%▼
2022 · -26.6%
Current ratio
0.48▼
2022 · 0.95
Quick ratio
0.24▼
2022 · 0.57
Debt / equity
-1.90▲
2022 · -4.76
ROA
-69.2%▼
2022 · -14.1%
Interest coverage
-15.19▼
2022 · -4.00
Debt
€767k▲
2022 · €722k
Debt ≤ 1 year
€700k▲
2022 · €564k
Debt > 1 year
€68k▼
2022 · €158k
Income taxes
€0▲
2022 · €-3k
Staff costs
€329k▲
2022 · €323k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€570k€364k▼
Fixed assets21/28€37k€29k▼
Intangible fixed assets21€30k€24k▼
Tangible fixed assets22/27€6k€5k▼
Plant, machinery and equipment23€1k€1k▲
Furniture and vehicles24€638€19▼
Other tangible fixed assets26€5k€3k▼
Financial fixed assets28€125€0▼
Current assets29/58€533k€335k▼
Stocks and contracts in progress3€212k€169k▼
Stocks30/36€212k€169k▼
Amounts receivable within one year40/41€23k€3k▼
Trade receivables40-€3k
Other amounts receivable41€23k€0▼
Cash at bank and in hand54/58€229k€114k▼
Deferred charges and accrued income490/1€69k€49k▼
Equity and liabilities
Total equity and liabilities10/49€570k€364k▼
Equity10/15€-152k€-404k▼
Contributions10/11€31k€31k=
Profit (loss) carried forward14€-183k€-434k▼
Amounts payable17/49€722k€767k▲
Amounts payable after more than one year17€158k€68k▼
Financial debts170/4€158k€68k▼
Amounts payable within one year42/48€564k€700k▲
Current portion of amounts payable after more than one year42€27k€95k▲
Financial debts43€35k€0▼
Credit institutions430/8€35k€0▼
Trade debts44€400k€467k▲
Suppliers440/4€400k€467k▲
Taxes, remuneration and social security45€101k€137k▲
Taxes450/3€45k€82k▲
Remuneration and social security454/9€57k€55k▼
Income statement
Code20222023
Remuneration, social security and pensions62€323k€329k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€269k€103k▼
Operating profit (loss)9901€-68k€-237k▼
Financial income75/76B€193€25▼
Recurring financial income75€193€25▼
Financial charges65/66B€15k€15k▲
Recurring financial charges65€15k€15k▲
Profit (loss) for the period before taxes9903€-83k€-252k▼
Income taxes67/77€-3k€0▲
Profit (loss) for the period9904€-80k€-252k▼
Profit (loss) for the period to be appropriated9905€-80k€-252k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-183k€-434k▼
Profit (loss) brought forward from the previous period14P€-102k€-183k▼
Social balance
Average headcount (FTE)90878.89.0▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · BELNAP BV TURN- HOUTSEBAAN 5/87, 2110 WIJNEGEM · event 03-06-2025
2024
08-07
State Gazette act
General meeting · Director resignation
Director appointment · Director reappointment
2023
06-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · BELNAP BV TURNHOUTSE- BAAN 5/87, 2110 WIJNEGEM · event 31-08-2023
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-01
Financial
Weakest financial yearnet €-252k
Net result drops to €-252k, the lowest in the series.
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €1k ▲110%
Operating result €24k, net result €1k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
01-04
State Gazette act
General meeting · Director appointment
Permanent representative
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 12 days late
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 60 days late
2014
29-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 60 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | INGE VANHOUTTE HEIDEBAAN 130 E, 9100 SINT-
NIKLAAS |
31-08-2023 → present |