BELSIMMO
ActiveSummary
The annual accounts of BELSIMMO for fiscal year 2025 show a net loss of 60% of the equity at the start of that year. The 2025 annual accounts show equity of €143,025 and a net result of -€211,933. Equity is growing by ~37.8% per year across the filed fiscal years. Its solvency ranks better than 39% of 9336 sector peers (fiscal year 2025). The company has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-57
Solvency45▼-9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days 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 ample (current ratio 1.84 against 1.83 in 2024; short-term debt: 54.3% and cash: 0.2% of total assets), but 80.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
19.9%
Return on assets
-29.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
58 d late
2022
59 d late
2021
23 d late
2020
31 d early
2019
56 d late
← 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 23 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 oldest company in Zonhoven, Real estate sector
Equity
€143,025▼ 59.7%
2024 · €354,959
Total assets
€719,573▼ 40.4%
2024 · €1.2m
Net result
-€211,933
2024 · €101,537
Working capital
€329,046▼ 39.9%
2024 · €547,210
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€85,042▼ 11.3%€35,878▼ 57.8%€213,048▲ 494%€220,171▲ 3.3%-€86,357
Net result€48,382within the sector's middle half▼ 19.9%€1,343within the sector's middle half▼ 97.2%€75,421within the sector's middle half▲ 5,517%€101,537above the sector's middle half▲ 34.6%-€211,933below the sector's middle half
Equity€176,658within the sector's middle half▲ 37.7%€178,001within the sector's middle half▲ 0.8%€253,421within the sector's middle half▲ 42.4%€354,959within the sector's middle half▲ 40.1%€143,025within the sector's middle half▼ 59.7%
Total assets€1.8mwithin the sector's middle half▲ 10.3%€2.2mwithin the sector's middle half▲ 21.9%€1.8mwithin the sector's middle half▼ 18.5%€1.2mwithin the sector's middle half▼ 32.3%€719,573within the sector's middle half▼ 40.4%
Debt€1.6m▲ 8.0%€2.0m▲ 24.2%€1.5m▼ 27.6%€777,551▼ 46.5%€501,548▼ 35.5%
Working capital€487,816within the sector's middle half▲ 10.7%€546,346within the sector's middle half▲ 12.0%€416,074within the sector's middle half▼ 23.8%€547,210within the sector's middle half▲ 31.5%€329,046within the sector's middle half▼ 39.9%
Solvency9.8%within the sector's middle half▲ 2.0pp8.1%below the sector's middle half▼ 1.7pp14.2%within the sector's middle half▲ 6.1pp29.4%within the sector's middle half▲ 15.2pp19.9%within the sector's middle half▼ 9.5pp
Current ratio1.39within the sector's middle half=1.34within the sector's middle half▼ 0.051.31within the sector's middle half▼ 0.031.83within the sector's middle half▲ 0.511.84within the sector's middle half▲ 0.01
Return on assets (ROA)2.7%within the sector's middle half▼ 1.0pp0.1%within the sector's middle half▼ 2.6pp4.2%within the sector's middle half▲ 4.2pp8.4%above the sector's middle half▲ 4.2pp-29.5%below the sector's middle half▼ 37.9pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €86,357 after €220,171 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €719,573
Equity
€143,025 ▼ 59.7%
Provisions
€75,000 =
Debt
€501,548 ▼ 35.5%
Debt's share of the balance-sheet total rises from 64.4% to 69.7%. Equity and debt are lower.
Key figures and ratios
Quick ratio
1.42▼
2024 · 1.75
Debt to equity
3.51▲
2024 · 2.19
ROE
-148.2%▼
2024 · 28.6%
Debt ≤ 1 year
€390,527▼
2024 · €660,299
Debt > 1 year
€63,727▼
2024 · €82,958
Income taxes
€248▼
2024 · €52,464
Staff costs
€0▼
2024 · €766
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 309 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 88% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
4.9%
went bankrupt
5.2%
stopped otherwise
88%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 309 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €766 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,632 | €3,632 | €3,632 | €0 | - | - |
| Other operating charges640/8 | €13,888 | €7,861 | €7,836 | €5,674 | €1,084 | ▼ 80.9% |
| Gross operating margin9900 | €102,562 | €47,371 | €224,516 | €226,612 | -€85,274 | ▼ 138% |
| Operating profit (loss)9901 | €85,042 | €35,878 | €213,048 | €220,171 | -€86,357 | ▼ 139% |
| Financial income75/76B | €2 | - | €1 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €2 | - | €1 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €19,081 | €32,211 | €109,855 | €66,170 | €125,329 | ▲ 89.4% |
| Recurring financial charges65 | €19,081 | €32,211 | €109,855 | €66,170 | €125,329 | ▲ 89.4% |
| Profit (loss) for the period before taxes9903 | €65,963 | €3,667 | €103,194 | €154,001 | -€211,686 | ▼ 237% |
| Income taxes67/77 | €17,581 | €2,324 | €27,773 | €52,464 | €248 | ▼ 99.5% |
| Profit (loss) for the period9904 | €48,382 | €1,343 | €75,421 | €101,537 | -€211,933 | ▼ 309% |
| Profit (loss) for the period to be appropriated9905 | €48,382 | €1,343 | €75,421 | €101,537 | -€211,933 | ▼ 309% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €2.2m | €1.8m | €1.2m | €719,573 | ▼ 40.4% |
| Fixed assets21/28 | €51,980 | €48,348 | €44,717 | €0 | - | - |
| Tangible fixed assets22/27 | €50,930 | €47,298 | €43,667 | €0 | - | - |
| Land and buildings22 | €50,930 | €47,298 | €43,667 | €0 | - | - |
| Financial fixed assets28 | €1,050 | €1,050 | €1,050 | €0 | - | - |
| Current assets29/58 | €1.7m | €2.1m | €1.7m | €1.2m | €719,573 | ▼ 40.4% |
| Stocks and contracts in progress3 | €800,491 | €1.0m | €827,005 | €53,361 | €164,067 | ▲ 207% |
| Stocks30/36 | €800,491 | €1.0m | €827,005 | €53,361 | €164,067 | ▲ 207% |
| Amounts receivable within one year40/41 | €929,395 | €1.1m | €796,638 | €1.1m | €553,831 | ▼ 51.0% |
| Trade receivables40 | €479,721 | €568,215 | €341,895 | €613,605 | €429,126 | ▼ 30.1% |
| Other amounts receivable41 | €449,674 | €520,551 | €454,743 | €517,009 | €124,704 | ▼ 75.9% |
| Cash at bank and in hand54/58 | €13,829 | €14,191 | €114,583 | €23,534 | €1,676 | ▼ 92.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €2.2m | €1.8m | €1.2m | €719,573 | ▼ 40.4% |
| Equity10/15 | €176,658 | €178,001 | €253,421 | €354,959 | €143,025 | ▼ 59.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €156,198 | €157,541 | €232,961 | €334,499 | €122,565 | ▼ 63.4% |
| Provisions and deferred taxes16 | - | - | €75,000 | €75,000 | €75,000 | = |
| Provisions for liabilities and charges160/5 | - | - | €75,000 | €75,000 | €75,000 | = |
| Other liabilities and charges164/5 | - | - | €75,000 | €75,000 | €75,000 | = |
| Amounts payable17/49 | €1.6m | €2.0m | €1.5m | €777,551 | €501,548 | ▼ 35.5% |
| Amounts payable after more than one year17 | €336,719 | €284,995 | €98,076 | €82,958 | €63,727 | ▼ 23.2% |
| Financial debts170/4 | €336,719 | €99,995 | €88,076 | €75,958 | €63,727 | ▼ 16.1% |
| Other amounts payable178/9 | - | €185,000 | €10,000 | €7,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €1.3m | €1.6m | €1.3m | €660,299 | €390,527 | ▼ 40.9% |
| Current portion of amounts payable after more than one year42 | €11,531 | €11,723 | €10,933 | €25,190 | €12,231 | ▼ 51.4% |
| Financial debts43 | €639,141 | €1.0m | €595,188 | €98,481 | €0 | ▼ 100% |
| Credit institutions430/8 | €639,141 | €1.0m | €595,188 | €98,481 | €0 | ▼ 100% |
| Trade debts44 | €370,193 | €224,803 | €219,350 | €82,920 | €87,717 | ▲ 5.8% |
| Suppliers440/4 | €370,193 | €224,803 | €219,350 | €82,920 | €87,717 | ▲ 5.8% |
| Taxes, remuneration and social security45 | €43,980 | €24,698 | €275,724 | €94,715 | €105,968 | ▲ 11.9% |
| Taxes450/3 | €43,980 | €24,698 | €275,724 | €94,715 | €105,968 | ▲ 11.9% |
| Other amounts payable47/48 | €191,055 | €302,553 | €220,956 | €358,993 | €184,611 | ▼ 48.6% |
| Accrued charges and deferred income492/3 | €26,419 | €131,698 | €34,294 | €34,294 | €47,294 | ▲ 37.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,382 | €1,343 | €75,421 | €101,537 | -€211,933 | ▼ 309% |
| + Depreciation and write-downs630 | €3,632 | €3,632 | €3,632 | €0 | - | - |
| Operating cash flow (approximation) | €52,014 | €4,974 | €79,052 | €101,537 | -€211,933 | ▼ 309% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €44,717 | - | - |
| Change in cash | - | €362 | €100,392 | -€91,050 | -€21,858 | ▲ 76.0% |
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 · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€211,933
Net result drops to -€211,933, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €101,537 ▲34.6%
Operating result €220,171, net result €101,537, both a record.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 58 days late
2023
31-12
Financial
Equity above €200,000Eq €253,421 ▲42.4%
6 profitable years in a row build equity to €253,421.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 59 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
31-12
Financial
Equity above €150,000Eq €176,658 ▲37.7%
4 profitable years in a row build equity to €176,658.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €100,000Eq €128,276 ▲89.1%
3 profitable years in a row build equity to €128,276.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 56 days late
Show earlier events
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Zonhoven · 1 establishment unit since 1984
Ground area
899 m²
Building footprint
191 m²
Volume, LiDAR
1,053 m³
Parcel 71443F0640/00P020, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Belsimmo
since 19842.024.997.239
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71443F0640/00P020 | Flanders | 899 m² | 1 · 191 m² | 9.0 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- IMMO BST
- BELSIMMO
Highest known parent: IMMO BST. The sources do not say who stands above it.
Owners 1
- IMMO BSTparentSourceaccounts IMMO BST 2023100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,811 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-06-1984
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0425943133
Registered
03-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.