BELSAL
ActiveSummary
The computed 12-month bankruptcy probability of BELSAL is 5.2% (elevated). For BELSAL, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show negative equity (-€2,398) and a net result of -€1,955. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Activity not known1 site
How big
€2,533total assets 2022
- Equity
- -€2,398
- Loss
- -€1,955
Turnover not published (abridged schema)
Financially healthy?
- Bankruptcy chance 12 m
- 5.2%
2022 figures too old to score
Who decides
Accounts 1066 d overdue0 of 4 deeds read
Signals- Annual accounts: weaker financial profile- No NACE activity registered- Two or more financial years not filed+ Long track recordFiled after the deadlineShow the evidence
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability0=
Solvency0▼-12
Growth58=
Track record100
Bankruptcy probability, 12 months
5.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
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 · 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 2022Age of the figures
Age of the figures
54 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-03-2023, 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
31-03-2023 close31-10-2023 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-03-2022 was due by 31-10-2022 and was filed on 02-11-2022, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
2 d late
2021
47 d late
2020
412 d late
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 115 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2022 · micro…
- Annual accounts filedfiscal year 2021 · micro…
- Annual accounts filedfiscal year 2020 · micro…
Financials
Fiscal year 2022Total assets €2,533Loss -€1,955Solvency -94.7%Liquidity 0.33
Total assets
€2,533▼ 23.3%
2019 - 2022
Net result
-€1,955▼ 126%
2019 - 2022
Equity
-€2,398▼ 442%
2019 - 2022
Solvency
-94.7%▼ 81.3pp
2019 - 2022
Financials · fiscal year 2022, micro schema
Trend over the years
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Operating result-€2,903-€468-€649-€1,815▼ 180%
Net result-€3,316-€468-€863-€1,955▼ 126%
Equity-€48-€421-€443-€2,398▼ 442%
Total assets€34,065-€4,867▼ 85.7%€3,303▼ 32.1%€2,533▼ 23.3%
Debt€34,113-€4,446▼ 87.0%€3,746▼ 15.8%€4,930▲ 31.6%
Working capital€6,366--€791-€1,503▼ 90.0%-€3,307▼ 120%
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,815 in 2022 against €649 in 2021; the loss grows.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €2,533
Fixed assets
€909 ▼ 14.3%
Current assets
€1,624 ▼ 27.6%
Equity and liabilities
Equity-€2,398
Debt€4,930
Equity is negative: debt (€4,930) exceeds the balance-sheet total (€2,533).
Key figures and ratios
Key figures and ratios
EBITDA
-€1,663▼
2021 · -€497
Cash flow
-€1,804▼
2021 · -€712
Interest coverage
-11.85
Debt ≤ 1 year
€4,930▲
2021 · €3,746
Ratios withheld: a balance sheet total of €2,533 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,700 | - | €152 | €152 | = |
| Other operating charges640/8 | - | - | - | €937 | - |
| Gross operating margin9900 | -€654 | €4,169 | -€88 | -€726 | ▼ 728% |
| Operating profit (loss)9901 | -€2,903 | €468 | -€649 | -€1,815 | ▼ 180% |
| Financial charges65/66B | - | - | - | €140 | - |
| Recurring financial charges65 | €413 | - | €215 | €140 | ▼ 34.6% |
| Profit (loss) for the period before taxes9903 | -€3,316 | €468 | -€863 | -€1,955 | ▼ 126% |
| Profit (loss) for the period9904 | -€3,316 | €468 | -€863 | -€1,955 | ▼ 126% |
| Profit (loss) for the period to be appropriated9905 | -€3,316 | €468 | -€863 | -€1,955 | ▼ 126% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €34,065 | €4,867 | €3,303 | €2,533 | ▼ 23.3% |
| Fixed assets21/28 | €13,599 | €1,212 | €1,060 | €909 | ▼ 14.3% |
| Tangible fixed assets22/27 | €13,599 | €1,212 | €1,060 | €909 | ▼ 14.3% |
| Plant, machinery and equipment23 | - | - | - | €909 | - |
| Current assets29/58 | €20,467 | €3,655 | €2,243 | €1,624 | ▼ 27.6% |
| Amounts receivable within one year40/41 | €20,448 | €3,655 | €2,243 | €1,624 | ▼ 27.6% |
| Other amounts receivable41 | - | - | - | €1,624 | - |
| Cash at bank and in hand54/58 | €19 | - | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €34,065 | €4,867 | €3,303 | €2,533 | ▼ 23.3% |
| Equity10/15 | -€48 | €421 | -€443 | -€2,398 | ▼ 442% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | -€20,508 | -€20,039 | -€20,903 | -€22,858 | ▼ 9.4% |
| Amounts payable17/49 | €34,113 | €4,446 | €3,746 | €4,930 | ▲ 31.6% |
| Amounts payable after more than one year17 | €20,012 | - | - | - | - |
| Amounts payable within one year42/48 | €14,101 | €4,446 | €3,746 | €4,930 | ▲ 31.6% |
| Trade debts44 | €3,552 | €4,446 | €3,746 | €2,151 | ▼ 42.6% |
| Suppliers440/4 | - | - | - | €2,151 | - |
| Other amounts payable47/48 | - | - | - | €2,779 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,316 | €468 | -€863 | -€1,955 | ▼ 126% |
| + Depreciation and write-downs630 | €1,700 | - | €152 | €152 | = |
| Operating cash flow (approximation) | -€1,616 | €468 | -€712 | -€1,804 | ▼ 153% |
| Investment in fixed assets (approximation) | - | €12,387 | €0 | €0 | - |
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
11 eventsLatest 02-11-2022
History
Acts, filings and financial milestones
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 47 days late
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 412 days late
2020
31-03
Financial
Back to profitnet €468
Net result €468 after one loss-making year.
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
31-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
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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Company details
Private limited company (pre-2019) · founded 13-12-2010Year ends 31-03Peppol not found1 site
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded13-12-2010
Fiscal year end31-03
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Riemst · 1 establishment unit since 2010
Ground area
493 m²
Building footprint
225 m²
Volume, LiDAR
770 m³
Parcel 73102A1140/00N002, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BELSAL
since 2010unit no. 2.205.825.530
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73102A1140/00N002 | Flanders | 493 m² | 1 · 225 m² | 6.5 m · 1 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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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