BELSAM CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of BELSAM CONSTRUCT is 1.9% (moderate). The 2025 annual accounts show negative equity (-€16,011) and a net result of -€19,316. Equity remains stable across the filed fiscal years (±2% per year). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency0=
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.46 against 0.69 in 2024; short-term debt: 216.6% and cash: 14% of total assets), and equity is negative.
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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 2025Solvency, return and age of the figures
Solvency
-122.9%
Return on assets
-148.3%
Age of the figures
9 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€16,011
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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
18 d late
2024
57 d early
2023
31 d late
2022
31 d late
2021
29 d late
2020
31 d late
2019
66 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 21 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 (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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€16,011▼ 76.0%
2024 · -€9,095
Total assets
€13,025▼ 27.7%
2024 · €18,008
Net result
-€19,316
2024 · €7,063
Working capital
-€15,191▼ 83.6%
2024 · -€8,275
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€270-€721▼ 167%-€1,577▼ 119%€9,239-€19,134
Net result-€270-€726▼ 169%-€1,687▼ 132%€7,063-€19,316
Equity-€13,746▼ 2.0%-€14,472▼ 5.3%-€16,158▼ 11.7%-€9,095▲ 43.7%-€16,011▼ 76.0%
Total assets€932▼ 18.8%€476▼ 48.9%€476=€18,008▲ 3,680%€13,025▼ 27.7%
Debt€14,677▲ 0.4%€14,948▲ 1.8%€16,635▲ 11.3%€27,102▲ 62.9%€29,036▲ 7.1%
Working capital-€13,746▼ 2.0%-€14,472▼ 5.3%-€16,158▼ 11.7%-€8,275▲ 48.8%-€15,191▼ 83.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €19,134 after €9,239 in 2024, the lowest result in the available series.
Key figures and ratios
Solvency
-122.9%▼
2024 · -50.5%
Current ratio
0.46▼
2024 · 0.69
Debt to equity
-1.81▲
2024 · -2.98
ROA
-148.3%▼
2024 · 39.2%
Debt ≤ 1 year
€28,216▲
2024 · €26,282
Income taxes
-€23▼
2024 · €2,050
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €156 | €609 | €493 | €510 | €1,104 | ▲ 117% |
| Non-recurring operating charges66A | - | - | - | - | €10,264 | - |
| Gross operating margin9900 | -€114 | -€112 | -€1,084 | €9,749 | -€7,765 | ▼ 180% |
| Operating profit (loss)9901 | -€270 | -€721 | -€1,577 | €9,239 | -€19,134 | ▼ 307% |
| Financial income75/76B | - | - | - | €3 | €1 | ▼ 84.8% |
| Recurring financial income75 | - | - | - | €3 | €1 | ▼ 84.8% |
| Financial charges65/66B | - | €5 | €110 | €129 | €206 | ▲ 59.9% |
| Recurring financial charges65 | - | €5 | €110 | €129 | €206 | ▲ 59.9% |
| Profit (loss) for the period before taxes9903 | -€270 | -€726 | -€1,687 | €9,113 | -€19,339 | ▼ 312% |
| Income taxes67/77 | - | - | - | €2,050 | -€23 | ▼ 101% |
| Profit (loss) for the period9904 | -€270 | -€726 | -€1,687 | €7,063 | -€19,316 | ▼ 373% |
| Profit (loss) for the period to be appropriated9905 | -€270 | -€726 | -€1,687 | €7,063 | -€19,316 | ▼ 373% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €932 | €476 | €476 | €18,008 | €13,025 | ▼ 27.7% |
| Current assets29/58 | €932 | €476 | €476 | €18,008 | €13,025 | ▼ 27.7% |
| Amounts receivable within one year40/41 | - | - | - | €7,407 | €10,635 | ▲ 43.6% |
| Trade receivables40 | - | - | - | €2,640 | €8,126 | ▲ 208% |
| Other amounts receivable41 | - | - | - | €4,767 | €2,508 | ▼ 47.4% |
| Cash at bank and in hand54/58 | €932 | €476 | €476 | €9,053 | €1,830 | ▼ 79.8% |
| Deferred charges and accrued income490/1 | - | - | - | €1,548 | €560 | ▼ 63.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €932 | €476 | €476 | €18,008 | €13,025 | ▼ 27.7% |
| Equity10/15 | -€13,746 | -€14,472 | -€16,158 | -€9,095 | -€16,011 | ▼ 76.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €18,600 | ▲ 200% |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€21,806 | -€22,532 | -€24,218 | -€17,155 | -€36,471 | ▼ 113% |
| Amounts payable17/49 | €14,677 | €14,948 | €16,635 | €27,102 | €29,036 | ▲ 7.1% |
| Amounts payable within one year42/48 | €14,677 | €14,948 | €16,635 | €26,282 | €28,216 | ▲ 7.4% |
| Financial debts43 | - | €71 | - | - | - | - |
| Credit institutions430/8 | - | €71 | - | - | - | - |
| Trade debts44 | €55 | €450 | - | €649 | €1,851 | ▲ 185% |
| Suppliers440/4 | €55 | €450 | - | €649 | €1,851 | ▲ 185% |
| Taxes, remuneration and social security45 | - | - | - | €3,550 | €3,527 | ▼ 0.7% |
| Taxes450/3 | - | - | - | €2,050 | €2,027 | ▼ 1.1% |
| Remuneration and social security454/9 | - | - | - | €1,500 | €1,500 | = |
| Other amounts payable47/48 | €14,622 | €14,427 | €16,635 | €22,083 | €22,837 | ▲ 3.4% |
| Accrued charges and deferred income492/3 | - | - | - | €820 | €820 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€270 | -€726 | -€1,687 | €7,063 | -€19,316 | ▼ 373% |
| Operating cash flow (approximation) | -€270 | -€726 | -€1,687 | €7,063 | -€19,316 | ▼ 373% |
| Change in cash | - | -€455 | €0 | €8,576 | -€7,223 | ▼ 184% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Weakest financial yearnet -€19,316
Net result drops to -€19,316, the lowest in the series.
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €7,063
Net result €7,063 after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €751
Net result €751 after 2 loss-making years.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 42 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Puurs-Sint-Amands · 1 establishment unit since 2002
Ground area
118 m²
Building footprint
118 m²
Volume, LiDAR
626 m³
Parcel 12032C0069/00R002, Flanders · tallest building 9.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Pullaarsteenweg 52a, 2870 Puurs-Sint-Amands
since 20022.101.887.555
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12032C0069/00R002 | Flanders | 118 m² | 1 · 118 m² | 9.8 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.
Recognitions · licences · registrations
Food safety, FASFC
1 sitePuurs-Sint-Amands2.101.887.555
Identification & contact
Identification
Legal formPrivate limited company
Founded12-06-2002
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.