BELPO
ActiveThe computed 12-month bankruptcy probability of BELPO is 1.8% (moderate). The 2025 annual accounts show equity of €91k and a net result of €40k. Equity is growing by ~118.2% per year across the filed fiscal years. Its solvency ranks better than 35% of 27407 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
94
/ 100
Excellent▲ +18 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency64▲+29
Growth78=
Stability94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.27 in 2024), but 66.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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
33.3%
Return on assets
14.9%
Age of the figures
15 mo
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 01-12-2025, 61 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
61 d early
2024
51 d early
2023
64 d early
2022
61 d early
← before the deadline
after the deadline →
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 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€91k▲ 80.3%
2024 · €50k
2022: €7k
2023: €25k
2024: €50k
2022 → 2025
Total assets
€272k▲ 16.0%
2024 · €235k
2022: €149k
2023: €220k
2024: €235k
2022 → 2025
Net result
€40k▲ 59.8%
2024 · €25k
2022: €-1k
2023: €18k
2024: €25k
2022 → 2025
Working capital
€50k▲ 78.4%
2024 · €28k
2022: €50k
2023: €7k
2024: €28k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€7k-€25k▲ 266%€50k▲ 101%€91k▲ 80.3%
Operating result€847-€21k▲ 2,369%€41k▲ 98.3%€60k▲ 44.6%
Net result€-1k-€18k€25k▲ 39.1%€40k▲ 59.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 45% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €272k
Fixed assets
€123k▲ 19.7%
Current assets
€149k▲ 13.0%
Equity and liabilities €272k
Equity
€91k▲ 80.3%
Debt
€181k▼ 1.6%
The debt ratio falls from 78.6% to 66.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€96k▲
2024 · €74k
Cash flow
€76k▲
2024 · €58k
Solvency
33.3%▲
2024 · 21.4%
Current ratio
1.51▲
2024 · 1.27
Quick ratio
1.51▲
2024 · 1.27
Debt / equity
2.00▼
2024 · 3.66
ROE
44.5%▼
2024 · 50.3%
ROA
14.9%▲
2024 · 10.8%
Interest coverage
21.36▲
2024 · 17.34
Debt
€181k▼
2024 · €184k
Debt ≤ 1 year
€99k▼
2024 · €104k
Debt > 1 year
€83k▲
2024 · €81k
Income taxes
€15k▲
2024 · €12k
Staff costs
€17k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€235k€272k▲
Fixed assets21/28€103k€123k▲
Tangible fixed assets22/27€103k€123k▲
Land and buildings22€3k€6k▲
Plant, machinery and equipment23€47k€35k▼
Furniture and vehicles24€53k€38k▼
Leasing and similar rights25-€43k
Current assets29/58€132k€149k▲
Amounts receivable within one year40/41€92k€124k▲
Trade receivables40€62k€87k▲
Other amounts receivable41€30k€37k▲
Cash at bank and in hand54/58€39k€25k▼
Deferred charges and accrued income490/1€629€239▼
Equity and liabilities
Total equity and liabilities10/49€235k€272k▲
Equity10/15€50k€91k▲
Contributions10/11€8k€8k=
Profit (loss) carried forward14€42k€83k▲
Amounts payable17/49€184k€181k▼
Amounts payable after more than one year17€81k€83k▲
Financial debts170/4€81k€83k▲
Amounts payable within one year42/48€104k€99k▼
Current portion of amounts payable after more than one year42€29k€46k▲
Financial debts43€16k€22k▲
Credit institutions430/8€16k€22k▲
Trade debts44€48k€25k▼
Suppliers440/4€48k€25k▼
Taxes, remuneration and social security45€11k€6k▼
Taxes450/3€11k€3k▼
Remuneration and social security454/9-€2k
Income statement
Code20242025
Remuneration, social security and pensions62-€17k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€36k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€78k€117k▲
Operating profit (loss)9901€41k€60k▲
Financial income75/76B€412€162▼
Recurring financial income75€412€162▼
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€38k€56k▲
Income taxes67/77€12k€15k▲
Profit (loss) for the period9904€25k€40k▲
Profit (loss) for the period to be appropriated9905€25k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€42k€83k▲
Profit (loss) brought forward from the previous period14P€17k€42k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
01-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2022net €40k ▲59.8%
Operating result €60k, net result €40k, both a record.
2024
11-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
2022
01-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Kortemark · 1 establishment unit since 2021
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.
Kapoenstraat 368610 KortemarkGround area
1,812 m²
Building footprint
335 m²
Volume, LiDAR
1,142 m³
Parcel 32027B0078/00M000, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BELPO
since 20212.320.208.722
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32027B0078/00M000 | Flanders | 1,812 m² | 1 · 335 m² | 7.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Etablissement BOSQUET PHILIPPE SPRL
BE 0862.574.973
Floreffe · Eq €91k
MPC SERVICES
BE 0873.648.712
Kinrooi · Eq €92k
YVENS GALVAN
BE 0677.726.330
Sprimont · Eq €87k
Voets et Fils
BE 0401.927.814
Anderlecht · Eq €85k
BS REPAIR
BE 0753.970.409
Lebbeke · Eq €97k
Of 708 companies in sector 25510 we hold annual accounts for 407. 275 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-06-2021
Fiscal year end30-06
Activities, NACEBEL
25510Coating of metals
25610Manufacture of fabricated metal products, except machinery and equipment
43320Joinery installation
25110Manufacture of metal structures and parts of structures
25120Manufacture of fabricated metal products, except machinery and equipment
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
45204
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.