BELSINTEC
ActiveSummary
BELSINTEC has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88,621 and a net result of €4,180. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 74% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+3
Solvency97▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.97 against 1.69 in 2024; short-term debt: 27.8% and cash: 0.1% of total assets), and 27.8% 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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 20-11-2025, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
7 d early
2023
10 d early
2022
12 d early
2021
on the day
2020
on the day
2018
on the day
← 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 6 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-04-2026 and is due by 30-11-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-04-2026 close27-09-2026 today30-11-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€88,621▲ 5.0%
2024 · €84,441
Total assets
€122,710▲ 6.9%
2024 · €114,745
Net result
€4,180▲ 407%
2024 · €824
Working capital
€33,104▲ 59.1%
2024 · €20,810
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€13,181€7,155▼ 45.7%-€6,679€1,296€6,297▲ 386%
Net result€11,787€6,209▼ 47.3%-€7,015€824€4,180▲ 407%
Equity€84,423▲ 16.2%€90,631▲ 7.4%€83,616▼ 7.7%€84,441▲ 1.0%€88,621▲ 5.0%
Total assets€186,502▼ 5.0%€176,915▼ 5.1%€140,884▼ 20.4%€114,745▼ 18.6%€122,710▲ 6.9%
Debt€102,079▼ 17.5%€86,283▼ 15.5%€57,268▼ 33.6%€30,304▼ 47.1%€34,089▲ 12.5%
Working capital€27,241▲ 106%€9,654▼ 64.6%€11,427▲ 18.4%€20,810▲ 82.1%€33,104▲ 59.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 386% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €122,710
Fixed assets
€55,517 ▼ 12.8%
Current assets
€67,193 ▲ 31.5%
Equity and liabilities €122,710
Equity
€88,621 ▲ 5.0%
Debt
€34,089 ▲ 12.5%
Debt's share of the balance-sheet total rises from 26.4% to 27.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14,411▲
2024 · €9,854
Cash flow
€12,294▲
2024 · €9,383
Current ratio
1.97▲
2024 · 1.69
Debt to equity
0.38▲
2024 · 0.36
ROE
4.7%▲
2024 · 1.0%
ROA
3.4%▲
2024 · 0.7%
Interest coverage
29.80▼
2024 · 44.31
Debt ≤ 1 year
€34,089▲
2024 · €30,304
Income taxes
€1,634▲
2024 · €249
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 16,986 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,339 | €4,656 | €8,788 | €8,558 | €8,114 | ▼ 5.2% |
| Other operating charges640/8 | - | €1,577 | €4,720 | €2,287 | €2,277 | ▼ 0.4% |
| Gross operating margin9900 | €18,178 | €13,388 | €6,829 | €12,141 | €16,688 | ▲ 37.5% |
| Operating profit (loss)9901 | €13,181 | €7,155 | -€6,679 | €1,296 | €6,297 | ▲ 386% |
| Recurring financial income75 | €1 | - | - | - | - | - |
| Financial charges65/66B | - | €179 | €182 | €222 | €484 | ▲ 117% |
| Recurring financial charges65 | €70 | €179 | €182 | €222 | €484 | ▲ 117% |
| Profit (loss) for the period before taxes9903 | €13,111 | €6,976 | -€6,861 | €1,073 | €5,814 | ▲ 442% |
| Income taxes67/77 | €1,324 | €768 | €154 | €249 | €1,634 | ▲ 556% |
| Profit (loss) for the period9904 | €11,787 | €6,209 | -€7,015 | €824 | €4,180 | ▲ 407% |
| Profit (loss) for the period to be appropriated9905 | €11,787 | €6,209 | -€7,015 | €824 | €4,180 | ▲ 407% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €186,502 | €176,915 | €140,884 | €114,745 | €122,710 | ▲ 6.9% |
| Fixed assets21/28 | €57,182 | €80,977 | €72,189 | €63,631 | €55,517 | ▼ 12.8% |
| Tangible fixed assets22/27 | €57,182 | €80,977 | €72,189 | €63,631 | €55,517 | ▼ 12.8% |
| Land and buildings22 | - | €52,967 | €50,543 | €48,119 | €45,695 | ▼ 5.0% |
| Furniture and vehicles24 | - | €28,010 | €21,646 | €15,512 | €9,822 | ▼ 36.7% |
| Current assets29/58 | €129,320 | €95,938 | €68,695 | €51,114 | €67,193 | ▲ 31.5% |
| Amounts receivable within one year40/41 | €29,487 | €27,350 | €9,282 | €27,089 | €67,131 | ▲ 148% |
| Trade receivables40 | - | €27,166 | €9,121 | €27,089 | €50,687 | ▲ 87.1% |
| Other amounts receivable41 | - | €183 | €161 | - | €16,444 | - |
| Cash at bank and in hand54/58 | €99,833 | €68,588 | €55,263 | €24,025 | €63 | ▼ 99.7% |
| Deferred charges and accrued income490/1 | - | - | €4,150 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €186,502 | €176,915 | €140,884 | €114,745 | €122,710 | ▲ 6.9% |
| Equity10/15 | €84,423 | €90,631 | €83,616 | €84,441 | €88,621 | ▲ 5.0% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €55,814 | €62,023 | €62,023 | €62,847 | €67,027 | ▲ 6.7% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €60,163 | €60,163 | €60,988 | €65,168 | ▲ 6.9% |
| Profit (loss) carried forward14 | €22,411 | €22,411 | €15,397 | €15,397 | €15,397 | = |
| Amounts payable17/49 | €102,079 | €86,283 | €57,268 | €30,304 | €34,089 | ▲ 12.5% |
| Amounts payable within one year42/48 | €102,079 | €86,283 | €57,268 | €30,304 | €34,089 | ▲ 12.5% |
| Trade debts44 | €21,530 | €7,411 | €8,218 | €17,186 | €32,691 | ▲ 90.2% |
| Suppliers440/4 | - | €7,411 | €8,218 | €17,186 | €32,691 | ▲ 90.2% |
| Taxes, remuneration and social security45 | - | €854 | €154 | €4,751 | €1,398 | ▼ 70.6% |
| Taxes450/3 | - | €854 | €154 | €4,751 | €1,398 | ▼ 70.6% |
| Other amounts payable47/48 | - | €78,018 | €48,896 | €8,368 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,787 | €6,209 | -€7,015 | €824 | €4,180 | ▲ 407% |
| + Depreciation and write-downs630 | €3,339 | €4,656 | €8,788 | €8,558 | €8,114 | ▼ 5.2% |
| Operating cash flow (approximation) | €15,126 | €10,865 | €1,773 | €9,383 | €12,294 | ▲ 31.0% |
| Investment in fixed assets (approximation) | - | -€28,451 | €0 | €0 | €0 | - |
| Change in cash | - | -€31,245 | -€13,325 | -€31,238 | -€23,963 | ▲ 23.3% |
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
2025
20-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
23-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-04
Financial
Back to profitnet €824
Net result €824 after one loss-making year.
2023
20-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-04
Financial
Weakest financial yearnet -€7,015
Net result drops to -€7,015, the lowest in the series; recovery starts the following year.
2022
18-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-04
Financial
Back to profitnet €11,787
Net result €11,787 after one loss-making year.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 60 days late
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
16-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Ottignies-Louvain-la-Neuve · 1 establishment unit since 1995
Ground area
866 m²
Building footprint
156 m²
Parcel 25016D0015/00M000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue Grand'Rue 3, 1341 Ottignies-Louvain-la-Neuve
since 19952.074.173.269
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25016D0015/00M000 | Wallonia | 866 m² | 1 · 156 m² | - |
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.
Similar companies · same sector, comparable size
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STEVEX
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INDDIS
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OGS INTERNATIONAL
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Of 1,228 companies in sector 46851 we hold annual accounts for 518. 239 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 (pre-2019)
Founded09-11-1995
Fiscal year end30-04
Activities, NACEBEL 2025
46851Wholesale of industrial chemicals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456450425
Also
9925:BE0456450425
Registered
27-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.