BELSANICO

Active

Private limited companyfounded 199729 yrs activeNeerveldstraat 45, 1745 Opwijk, BelgiumKBO/BCE: BE 0460.664.381

Summary

The computed 12-month bankruptcy probability of BELSANICO is 3.8% (moderate). The annual accounts of BELSANICO for fiscal year 2025 show a net loss of 73% of the equity at the start of that year. The 2025 annual accounts show equity of €5,257 and a net result of -€14,309. Equity is shrinking by ~18.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 29% of 22026 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

BELSANICOActiveChecked score 47/100

Risk analysis Report Compare

Activity

Other non-specialised retail sale

NACE 47120Intermediation services for non-specialised retail NACE 47910

1 site

Size

€57,731total assets 2025

Equity: €5,257
Loss: -€14,309

Turnover not published (abridged schema)

Financial health

47 Fair Checked score 2025

Bankruptcy chance 12 m: 3.8%

Structure

Accounts filed 42 d late0 of 1 deed read

Why 47- Loss of €14,309, the second in a row (FY 2025)- 1 change of registered office in 24 months- Latest accounts 42 days late; 3 of the last 3 late+ Size: total assets €57,731Show the evidence

Checked score

Score 2025

47 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 12% of its sector peers (NACE 47, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 34-26

equity 9.1% of total assets

Liquidity 9-25

short-term debt 90.9% · cash 7.2%

Profitability 0=

return on assets -24.8%

Bankruptcy probability, 12 months

3.8% Moderate

0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,156 companies)

Last 24 months 11-2024: 0.7% 12-2024: 0.7%● 0.0% vs 11-2024 01-2025: 0.7%▼ -1.7% vs 12-2024 02-2025: 0.7%● 0.0% vs 01-2025 03-2025: 0.7%▼ -0.6% vs 02-2025lowest value 04-2025: 1.9%▲ +174% vs 03-2025 05-2025: 2.0%▲ +5.3% vs 04-2025 06-2025: 1.8%▼ -8.0% vs 05-2025 07-2025: 2.0%▲ +10.4% vs 06-2025 08-2025: 2.4%▲ +22.1% vs 07-2025 09-2025: 3.1%▲ +25.4% vs 08-2025 10-2025: 2.2%▼ -27.5% vs 09-2025 11-2025: 2.2%● 0.0% vs 10-2025 12-2025: 2.2%● 0.0% vs 11-2025 01-2026: 2.2%▼ -0.5% vs 12-2025 02-2026: 2.3%▲ +3.3% vs 01-2026 03-2026: 2.3%▼ -1.2% vs 02-2026 04-2026: 2.3%▲ +0.8% vs 03-2026 05-2026: 2.2%▼ -1.5% vs 04-2026 06-2026: 2.2%▼ -2.4% vs 05-2026 07-2026: 2.3%▲ +5.8% vs 06-2026 08-2026: 3.0%▲ +31.4% vs 07-2026 09-2026: 3.4%▲ +10.2% vs 08-2026 10-2026: 3.8%▲ +12.7% vs 09-2026highest value

Loss of €14,309, the second in a row (FY 2025) raises the probability
1 change of registered office in 24 months raises the probability
Size: total assets €57,731 lowers the probability for this profile
Latest accounts 42 days late; 3 of the last 3 late raises the probability

No publishable credit limit; credit only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity short (current ratio 0.9 against 1.15 in 2024; short-term debt: 90.9% and cash: 7.2% of total assets), and 90.9% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 26%, liquidity 10%, profitability 6%, growth against the median 8%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Loss of €14,309, the second in a row (FY 2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

1 change of registered office in 24 months

In the bankruptcy model this factor raises the probability.

Belgian State Gazette

Size: total assets €57,731

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Latest accounts 42 days late; 3 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€14,309

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-09-2026, 42 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 filings

Deviation from the deadline

2025

42 d late

2024

61 d late

2023

50 d late

2022

12 d early

2021

17 d early

2020

22 d early

2019

7 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 14 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)

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. Usually files around 11 September (4 of the last 5 filed years within 54 days of that day).

Companies Code · seven months

Position in the running window

05-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

11-09-26 Annual accounts filedfiscal year 2025 · micro…
30-09-25 Annual accounts filedfiscal year 2024 · micro…
19-09-24 Annual accounts filedfiscal year 2023 · micro…

Key points

Caution: Among the weakest 14% on net resultsector median €5,036 · 22,005 companies -€14,309 View
Caution: 2 loss-making years in a rowloss fiscal year 2025 -€14,309 View
Active since 1997founded 15-05-1997 29 years View