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BELSIE

Active
Private limited companyfounded 200323 yrs activeBrusselsesteenweg 456, 9402 Ninove, BelgiumKBO/BCE: BE 0479.887.902
Summary

BELSIE has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88,935 and a net result of -€508. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 19% of 36981 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
BELSIEActiveChecked score 84/100
Risk analysis ReportCompare

Overview

Activity
Business and other management consultancy
NACE 70200Business consulting NACE 70220NACE 74142
1 site
Size
€653,896total assets 2025
Equity
€88,935
Loss
-€508
Turnover not published (abridged schema)
Financial health
84 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Accounts 1 d early0 of 4 deeds read
Why 84- Liquidity: current ratio 0.10, cash €5,585- Figures for FY 2025 (filed 30-10-2025)+ Size: total assets €653,896+ Sector Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Better than 25% of its sector peers (NACE 70, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 39-1
equity 13.6% of total assets
Liquidity 29-4
short-term debt 45.6% · cash 0.9%
Profitability 69+1
return on assets -0.1%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (47,599 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%● 0.0% vs 01-2025 03-2025: 0.1%● 0.0% vs 02-2025 04-2025: 0.1%● 0.0% vs 03-2025 05-2025: 0.1%▲ +1.4% vs 04-2025 06-2025: 0.1%● 0.0% vs 05-2025 07-2025: 0.1%● 0.0% vs 06-2025 08-2025: 0.2%▲ +7.9% vs 07-2025 09-2025: 0.1%▼ -2.0% vs 08-2025 10-2025: 0.2%▲ +35.1% vs 09-2025 11-2025: 0.1%▼ -32.5% vs 10-2025lowest value 12-2025: 0.1%● 0.0% vs 11-2025lowest value 01-2026: 0.1%● 0.0% vs 12-2025lowest value 02-2026: 0.1%▲ +2.2% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%● 0.0% vs 03-2026 05-2026: 0.1%▲ +0.7% vs 04-2026 06-2026: 0.1%▲ +0.7% vs 05-2026 07-2026: 0.1%▲ +0.7% vs 06-2026 08-2026: 0.2%▲ +11.3% vs 07-2026 09-2026: 0.2%▲ +5.1% vs 08-2026 10-2026: 0.2%▲ +50.3% vs 09-2026highest value
  • Size: total assets €653,896 lowers the probability for this profile
  • Liquidity: current ratio 0.10, cash €5,585 raises the probability
  • Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability
  • Figures for FY 2025 (filed 30-10-2025) raises the probability
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.13 in 2024; short-term debt: 45.6% and cash: 0.9% of total assets), and 86.4% 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 70, micro). Better than this share of them on solvency 19%, liquidity 12%, profitability 32%, growth against the median 38%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €653,896
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.10, cash €5,585
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Activities of head offices; management consultancy activities (NACE 70)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Figures for FY 2025 (filed 30-10-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 36981 sector peers (2025).
NBB · sector comparison
Position among 36981 sector peers
Solvency
better than 19%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 d early
2024
2 d early
2023
20 d early
2022
3 d late
2021
3 d late
2020
104 d late
2019
24 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 9 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 30 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close03-10-2026 today31-10-2026 deadline
neutral · 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
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Risk: 4 loss-making years in a rowloss fiscal year 2025 -€508 View
  • Caution: Among the weakest 19% on solvencysector median 56.1% · 36,981 companies 13.6% View
  • Total assets 20256 fiscal years filed €653,896 View

By topic

Financials

Fiscal year
2025
Total assets
€653,896
Loss
-€508
Solvency
13.6%
Total assets▲ 10.6%
Net result
20192025
Go to Financials

Timeline

Events
12
Since
2016
Next accounts
by 31-10-2026
  1. 30-10-2025Annual accounts filed
  2. 29-10-2024Annual accounts filed
  3. 11-10-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Business and other management consultancyNACE 70200
Founded
31-03-2003
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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