Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Of this, €28,216 falls due within a year.
Nine of the last ten came late. The 2019 accounts came latest: 66 days after the end of the period.
In July 2024, 6,635 companies had the same profile as BELSAM CONSTRUCT has now. Each dot stands for 17 companies, two years later.
Another 1.0% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,635 companies, not a prediction for BELSAM CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
BELSAM CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €26,672 in 2006 to -€7,765 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
13,025 | 18,008 | 476 | 476 | 932 | 1,147 | 1,208 | 1,259 | 1,068 | 3,110 | 4,821 | 10,931 | 9,739 | 15,052 | 23,811 | 29,537 | 86,844 | 62,172 | 14,423 | 18,180 | |
21/28 |
- | - | - | - | - | - | - | - | - | 250 | 499 | 749 | 998 | 1,248 | 10,828 | 20,487 | 30,358 | 40,681 | 2,191 | 1,353 | |
22/27 |
- | - | - | - | - | - | - | - | - | 250 | 499 | 749 | 998 | 1,248 | 10,828 | 20,487 | 30,358 | 40,604 | 2,114 | 1,277 | |
22 |
- | - | - | - | - | - | - | - | - | 250 | 499 | 749 | 998 | 1,248 | 1,498 | 1,747 | 1,997 | 2,246 | - | - | |
24 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 9,331 | 18,740 | 28,362 | 38,358 | 2,114 | 1,277 | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 77 | 77 | 77 | |
29/58 |
13,025 | 18,008 | 476 | 476 | 932 | 1,147 | 1,208 | 1,259 | 1,068 | 2,860 | 4,322 | 10,182 | 8,741 | 13,804 | 12,983 | 9,049 | 56,486 | 21,490 | 12,231 | 16,827 | |
40/41 |
10,635 | 7,407 | - | - | - | - | 912 | 912 | 912 | 2,626 | 4,207 | 9,889 | 8,491 | 13,777 | 12,042 | 8,659 | 41,072 | 13,098 | 6,781 | 10,236 | |
40 |
8,126 | 2,640 | - | - | - | - | 912 | 912 | 912 | 2,008 | 4,192 | 9,875 | 8,476 | 13,762 | 11,872 | 8,659 | 34,863 | 4,638 | 6,781 | 10,236 | |
41 |
2,508 | 4,767 | - | - | - | - | - | - | - | 617 | 15 | 15 | 15 | 15 | 171 | - | 6,209 | 8,460 | - | - | |
54/58 |
1,830 | 9,053 | 476 | 476 | 932 | 1,147 | 296 | 347 | 156 | 235 | 115 | 293 | 250 | 26 | 941 | 391 | 14,714 | 8,392 | 5,451 | 6,591 | |
490/1 |
560 | 1,548 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 700 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
13,025 | 18,008 | 476 | 476 | 932 | 1,147 | 1,208 | 1,259 | 1,068 | 3,110 | 4,821 | 10,931 | 9,739 | 15,052 | 23,811 | 29,537 | 86,844 | 62,172 | 14,423 | 18,180 | |
10/15 |
-16,011 | -9,095 | -16,158 | -14,472 | -13,746 | -13,476 | -14,227 | -13,886 | -12,663 | -10,669 | -9,975 | -9,173 | -10,419 | -24,031 | -19,972 | -13,188 | 8,800 | 8,414 | -2,496 | 5,290 | |
10/11 |
18,600 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
130/1 |
- | 0 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
1311 |
- | 0 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-36,471 | -17,155 | -24,218 | -22,532 | -21,806 | -21,536 | -22,287 | -21,946 | -20,723 | -18,729 | -18,035 | -17,233 | -18,479 | -32,091 | -28,032 | -21,248 | 740 | 354 | -8,696 | -910 | |
17/49 |
29,036 | 27,102 | 16,635 | 14,948 | 14,677 | 14,622 | 15,434 | 15,145 | 13,731 | 13,779 | 14,796 | 20,104 | 20,158 | 39,082 | 43,784 | 42,725 | 78,044 | 53,757 | 16,918 | 12,890 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 7,931 | 15,489 | 22,689 | 29,549 | - | - | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 7,931 | 15,489 | 22,689 | 29,549 | - | - | |
42/48 |
28,216 | 26,282 | 16,635 | 14,948 | 14,677 | 14,622 | 15,434 | 15,145 | 13,635 | 13,779 | 14,796 | 20,104 | 20,158 | 39,082 | 35,852 | 27,236 | 55,356 | 24,208 | 16,918 | 12,890 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | 259 | 7,931 | 7,557 | 7,233 | 6,860 | 6,536 | - | - | |
43 |
- | - | - | 71 | - | - | - | 10 | - | - | - | - | - | 37 | - | - | - | - | - | - | |
430/8 |
- | - | - | 71 | - | - | - | 10 | - | - | - | - | - | 37 | - | - | - | - | - | - | |
44 |
1,851 | 649 | - | 450 | 55 | - | - | - | 485 | 218 | - | 292 | 641 | 531 | 2,330 | 3,845 | 7,036 | 6,174 | 8,525 | 3,220 | |
440/4 |
1,851 | 649 | - | 450 | 55 | - | - | - | 485 | 218 | - | 292 | 641 | 531 | 2,330 | 3,845 | 7,036 | 6,174 | 8,525 | 3,220 | |
46 |
- | - | - | - | - | - | - | - | - | - | 4,588 | 8,138 | 8,138 | 8,725 | - | 1,497 | 35,285 | 1,497 | - | - | |
45 |
3,527 | 3,550 | - | - | - | - | - | - | - | 617 | 200 | 1,908 | 3,057 | 1,437 | 1,979 | 1,344 | 173 | - | 5,052 | 5,943 | |
450/3 |
2,027 | 2,050 | - | - | - | - | - | - | - | 617 | 200 | 1,908 | 3,057 | 1,437 | 1,979 | 1,344 | 173 | - | 2,000 | 2,939 | |
454/9 |
1,500 | 1,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,052 | 3,004 | |
47/48 |
22,837 | 22,083 | 16,635 | 14,427 | 14,622 | 14,622 | 15,434 | 15,135 | 13,150 | 12,943 | 10,008 | 9,766 | 8,063 | 20,421 | 23,985 | 13,317 | 6,000 | 10,000 | 3,341 | 3,728 | |
492/3 |
820 | 820 | - | - | - | - | - | - | 96 | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | 185 | - | - | 18,000 | - | - | - | - | 955 | - | - | |
9900 |
-7,765 | 9,749 | -1,084 | -112 | -114 | 1,350 | -140 | 353 | -59 | 719 | 450 | 2,506 | -2,144 | 7,867 | 5,913 | -3,512 | 21,896 | 35,150 | 16,211 | 26,672 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,028 | 21,793 | 25,481 | |
630 |
- | - | - | - | - | - | - | - | - | 250 | 250 | 250 | 250 | 9,580 | 9,659 | 9,659 | 10,246 | 10,246 | 1,078 | 492 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | -1,058 | - | - | - | - | 1,058 | - | - | |
640/8 |
1,104 | 510 | 493 | 609 | 156 | 557 | 197 | 1,576 | 1,666 | 616 | 600 | 718 | 2,602 | 1,566 | 1,726 | 1,467 | 4,067 | 2,079 | 773 | 586 | |
66A |
10,264 | - | - | - | - | - | - | - | 250 | - | - | - | - | - | 104 | 212 | - | - | - | - | |
9901 |
-19,134 | 9,239 | -1,577 | -721 | -270 | 793 | -337 | -1,223 | -1,975 | -147 | -400 | 1,539 | -3,938 | -3,280 | -5,472 | -14,638 | 7,583 | 19,740 | -7,435 | 113 | |
75/76B |
1 | 3 | - | - | - | - | - | - | - | - | - | - | - | 6 | - | 72 | 610 | 382 | 2 | 2 | |
75 |
1 | 3 | - | - | - | - | - | - | - | - | - | - | - | 6 | - | 72 | 610 | 382 | 2 | 2 | |
65/66B |
206 | 129 | 110 | 5 | - | 42 | 4 | - | 20 | - | - | 293 | 450 | 784 | 1,209 | 1,552 | 1,806 | 129 | 175 | 22 | |
65 |
206 | 129 | 110 | 5 | - | 42 | 4 | - | 20 | - | - | 293 | 450 | 784 | 1,209 | 1,552 | 1,806 | 129 | 175 | 22 | |
9903 |
-19,339 | 9,113 | -1,687 | -726 | -270 | 751 | -341 | -1,223 | -1,995 | -147 | -400 | 1,246 | 13,612 | -4,058 | -6,785 | -16,330 | 6,387 | 20,948 | -7,608 | 93 | |
67/77 |
-23 | 2,050 | - | - | - | - | - | - | - | 547 | 402 | - | - | - | - | 5,658 | 2 | 38 | 178 | -51 | |
9904 |
-19,316 | 7,063 | -1,687 | -726 | -270 | 751 | -341 | -1,223 | -1,995 | -693 | -802 | 1,246 | 13,612 | -4,058 | -6,785 | -21,988 | 6,385 | 20,910 | -7,785 | 144 | |
9905 |
-19,316 | 7,063 | -1,687 | -726 | -270 | 751 | -341 | -1,223 | -1,995 | -693 | -802 | 1,246 | 13,612 | -4,058 | -6,785 | -21,988 | 6,385 | 20,910 | -7,785 | 144 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-36,471 | -17,155 | -24,218 | -22,532 | -21,806 | -21,536 | -22,287 | -21,946 | -20,723 | -18,729 | -18,035 | -17,233 | -18,479 | -32,091 | -28,032 | -21,248 | 6,740 | 12,214 | -8,696 | -910 | |
14P |
-17,155 | -24,218 | -22,532 | -21,806 | -21,536 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | - | - | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6,000 | 10,000 | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6,000 | 10,000 | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.5 | 0.5 | 0.6 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 128 | 829 | 1,087 | |
| Document | |||||||||||||||||||||
The accounts for 3 older financial years (2003-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 18-08-2026.
2025 annual accounts filed 18 days after the deadline. Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00403707.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-08-2026 | 2026-00403707 | |
| 31-12-2024 | micro format | 04-06-2025 | 2025-00122617 | |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00422680 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00427093 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20358106 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-63600442 | |
| 31-12-2019 | micro format | 05-10-2020 | 2020-58700206 | |
| 31-12-2018 | micro format | 11-09-2019 | 2019-63900571 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-58200069 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-49900341 | |
| 31-12-2015 | abbreviated format | 29-08-2016 | 2016-49200069 | |
| 31-12-2014 | abbreviated format | 27-08-2015 | 2015-48400245 | |
| 31-12-2013 | abbreviated format | 30-08-2014 | 2014-54400378 | |
| 31-12-2012 | abbreviated format | 30-08-2013 | 2013-53700155 | |
| 31-12-2011 | abbreviated format | 31-08-2012 | 2012-53000579 | |
| 31-12-2010 | abbreviated format | 31-08-2011 | 2011-50900448 | |
| 31-12-2009 | abbreviated format | 31-08-2010 | 2010-51200193 | |
| 31-12-2008 | abbreviated format | 30-10-2009 | 2009-84200064 | |
| 31-12-2007 | abbreviated format | 28-08-2008 | 2008-66600113 | |
| 31-12-2006 | abbreviated format | 19-06-2007 | 2007-24700208 | |
| 31-12-2005 | abbreviated format | 30-05-2006 | 2006-18401705 | |
| 31-12-2004 | abbreviated format | 12-07-2005 | 2005-48203149 | |
| 31-12-2003 | abbreviated format | 09-06-2004 | 2004-23004450 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - | 103 | -150 | 1,788 | -3,689 | 6,301 | 4,187 | -4,979 | 17,829 | 29,986 | -6,356 | 605 | ||
| - | - | - | - | - | - | - | - | - | -444 | -553 | 1,496 | 13,861 | 5,522 | 2,875 | -12,329 | 16,631 | 31,156 | -6,707 | 637 | ||
| - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | -212 | -77 | 49,149 | 1,916 | 1,237 | ||
| -7,223 | 8,576 | 0 | -455 | -215 | 851 | -52 | 191 | -79 | 120 | -178 | 43 | 224 | -914 | 550 | -14,323 | 6,322 | 2,941 | -1,141 | - | ||
| -15,191 | -8,275 | -16,158 | -14,472 | -13,746 | -13,476 | -14,227 | -13,886 | -12,567 | -10,918 | -10,474 | -9,922 | -11,417 | -25,279 | -22,869 | -18,187 | 1,130 | -2,718 | -4,687 | 3,936 | ||
| -122.9% | -50.5% | - | - | - | - | - | - | - | - | - | -83.9% | -107.0% | -159.7% | -83.9% | -44.6% | 10.1% | 13.5% | -17.3% | 29.1% | ||
| 0.46 | 0.69 | - | - | - | - | - | - | - | - | - | 0.51 | 0.43 | 0.35 | 0.36 | 0.33 | 1.02 | 0.89 | 0.72 | 1.31 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.87 | 6.39 | - | 2.44 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 72.6% | 248.5% | - | 2.7% | ||
| -148.3% | 39.2% | - | - | - | - | - | - | - | - | - | 11.4% | 139.8% | -27.0% | -28.5% | -74.4% | 7.4% | 33.6% | -54.0% | 0.8% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2025 is a loss of €19,134, after a profit of €9,239 in 2024. It is the lowest result since 2006.
Equity is negative. Debt (€29,036) exceeds the balance-sheet total (€13,025).
BELSAM CONSTRUCT has no parent and no holdings in its annual accounts. is the only director. BELSAM CONSTRUCT shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Pullaarsteenweg 52a registered office 2870 Puurs-Sint-Amands 2511003 Manufacture of metal structures and parts of structures | 31-07-2002 | 2.101.887.555 | Trader |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 12032C0069/00R002 | 118 m² | 1 · 118 m² | 9.8 m · 1 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0477.733.314
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