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Belned

Active
Private limited companyfounded 2017active for 8 yearsVrijheid 3, 2320 Hoogstraten, BelgiumKBO/BCE: BE 0686.790.880
Summary

Belned has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €755,839 and a net result of -€76,458. Equity has been shrinking by about 38% per year since 2018. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 54% of 9,829 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Overview

Official details

Source: KBO
Status
Active since 22-12-2017 Normal situation
Activity
Wholesale of construction materials, general range NACE 46831
Joint committees
124 Paritair Comité voor het bouwbedrijf
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
Establishment unit
2.272.224.802 2320 Hoogstraten, since 01-01-2018
Financial year end
31 December
Peppol
Reachable since 18-12-2025

Board and ownership

Shareholders
  • BELNED B.V.act of 08-09-2025
  • ALBERT DEN BRAVEN HOLDING B.V.annual accounts 2020
  • ROEL DEN BRAVEN HOLDING B.V.annual accounts 2020
and 1 other shareholder

Financial position

67 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.2%
Annual accounts 2025
Gross margin
€270,107
▼ 5.5%
Turnover
≈ €1.4m
estimated
Loss
€76,458
▼ 42.1%
Equity
€755,839
Total assets
€1.6m
▼ 5.0%
Employees on 31-12-2025
2
  • 2025 accounts filed 60 days after the deadline
Filed on 29-09-2026
Score breakdownraises riskLast filed accounts filed 60 days late; 1 of the last 3 accounts late1 change of registered office in 24 monthsLoss of €76,458, the second in a row (financial year 2025)lowers riskFigures for financial year 2025 (filed on 30-09-2026)Show the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 65% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Strong
Solvency 71+71
equity 46.3% of total assets
Liquidity 56+54
short-term debt 11.1% · cash 5.3%
Profitability 63+43
return on assets -4.7%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,899 companies, NACE 46, micro)
Last 24 months 12-2024: 3.6% 01-2025: 3.6%● unchanged vs 12-2024 02-2025: 3.6%● unchanged vs 01-2025 03-2025: 3.5%▼ -0.1 percentage points vs 02-2025 04-2025: 3.5%● unchanged vs 03-2025 05-2025: 3.5%● unchanged vs 04-2025 06-2025: 3.4%▼ -0.1 percentage points vs 05-2025 07-2025: 3.5%▲ +0.1 percentage points vs 06-2025 08-2025: 4.2%▲ +0.7 percentage points vs 07-2025 09-2025: 2.4%▼ -1.8 percentage points vs 08-2025 10-2025: 2.4%● unchanged vs 09-2025 11-2025: 2.4%● unchanged vs 10-2025 12-2025: 2.4%● unchanged vs 11-2025 01-2026: 2.5%▲ +0.1 percentage points vs 12-2025 02-2026: 2.6%▲ +0.1 percentage points vs 01-2026 03-2026: 2.5%▼ -0.1 percentage points vs 02-2026 04-2026: 2.5%● unchanged vs 03-2026 05-2026: 2.6%▲ +0.1 percentage points vs 04-2026 06-2026: 2.6%● unchanged vs 05-2026 07-2026: 2.9%▲ +0.3 percentage points vs 06-2026 08-2026: 5.4%▲ +2.5 percentage points vs 07-2026 09-2026: 6.5%▲ +1.1 percentage points vs 08-2026highest value 10-2026: 1.2%▼ -5.3 percentage points vs 09-2026lowest value 11-2026: 1.2%● unchanged vs 10-2026lowest value
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.47 (0.32 in 2024), above the usual 1.5. Short-term debt is 11.1% and cash 5.3% of total assets. However, 53.7% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 54% of them on solvency, 62% on liquidity, 46% on profitability and 97% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 60 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Loss of €76,458, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 30-09-2026)
NBB · annual accounts
raises risk · 2025 accounts filed 60 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filings
Deviation from the deadline
2025
60 days late
2024
25 days late
2023
19 days late
2022
28 days early
2021
24 days late
2020
41 days late
2019
92 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 33 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 August (4 of the last 5 accounts filed within 36 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: 8 loss-making years in a rowloss in financial year 2025 -€76,458 View
  • Caution: Lower net result than 91% of companies in wholesale tradesector median €26,864 · 9,808 companies -€76,458 View
  • Positive: Result rose in 2025from -€132,014 to -€76,458 ▲ 42.1% View

Recent changes

  1. · Gazette deed Registered office moved from Houthalen-Helchteren to Hoogstraten
  2. · Gazette deed Capital increase of €1,596,733 to €1,615,333
  3. · Gazette deed Resignation: Ronald DEN BRAVEN (director)Appointment: RONALD DEN BRAVEN HOLDING (director) · Permanent representative: Ronald DEN BRAVEN
All 17 events

Comparable companies

These companies have the same main activity as Belned: wholesale of construction materials, general range (NACE 46831). They are comparable in size and age: total assets between €835,000 and €2.1m, founded between 2014 and 2021.

CompanyTotal assetsGross margin
Belned Hoogstraten€1.6m€0.3m
FASASTONE EUROPE Temse€1.9m€0.2m
TAMENNE MATERIAUX Walcourt€1.1m€0.3m
J&S Dakplaten Geel€2.1m€0.4m
JULES FRANS 2 Meerhout€1.4m€0.4m
Concrete Works Lanaken€0.8m€0.3m
GMM KLUIZENMOLEN Sint-Gillis-Waas€1.8m€0.2m
Full comparison

Key facts about Belned

What is the company number of Belned?
The company number of Belned is 0686.790.880. The VAT number is the same number with BE in front: BE 0686.790.880.
Where is Belned based?
The registered office is at Vrijheid 3, 2320 Hoogstraten.Company details
What does Belned do?
According to the KBO register, the main activity is wholesale of construction materials, general range (NACE 46831).
What is the legal form of Belned?
The legal form of Belned is Private limited company (BV).
When was Belned founded?
Belned was founded on 22-12-2017.
Is Belned still active?
Yes, Belned is an active enterprise in the KBO register.
How many employees does Belned have?
Belned had an average of 2.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does Belned fall under?
In its 2025 annual accounts, Belned states joint committees 124 (Paritair Comité voor het bouwbedrijf) and 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of Belned?
The turnover in financial year 2025 is ≈ €1.4m. This figure is estimated from the gross margin of €270,107 and 141 comparable companies (NACE 46). It probably lies between €880,000 and €2.3m.
Is Belned profitable?
In financial year 2025, Belned made a loss of €76,458.
Where can I find the annual accounts of Belned?
Belned filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Belned due?
Belned must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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