BELSOL GROUP
Open bankruptcyA bankruptcy procedure is open for BELSOL GROUP according to publications in the Belgian State Gazette; curator: PAUL VAN ROMPAEY.
Summary
The 2023 annual accounts show negative equity (€-374k) and a net result of €-618k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-618k
2022 · €173k
2021: €58k
2022: €173k
2021 → 2023
Working capital
€-401k
2022 · €1.07M
2021: €66k
2022: €1.07M
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€71k-€244k▲ 244%€-374k
Operating result€78k-€239k▲ 207%€-607k
Net result€58k-€173k▲ 199%€-618k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €607k after €239k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €292k
Fixed assets
€27k ▼ 14.0%
Current assets
€265k ▼ 85.1%
Key figures and ratios
EBITDA
€-600k▼
2022 · €245k
Cash flow
€-612k▼
2022 · €179k
Solvency
-128.0%▼
2022 · 13.5%
Current ratio
0.40▼
2022 · 2.50
Debt to equity
-1.78▼
2022 · 6.42
ROA
-211.5%▼
2022 · 9.6%
Interest coverage
-51.75▼
2022 · 66.08
Debt
€667k▼
2022 · €1.57M
Debt ≤ 1 year
€667k▼
2022 · €712k
Staff costs
€91k▲
2022 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 40 lines
Balance sheet
Code20222023
Assets
Total assets20/58€1.81M€292k▼
Fixed assets21/28€31k€27k▼
Tangible fixed assets22/27€25k€20k▼
Furniture and vehicles24€25k€20k▼
Financial fixed assets28€7k€7k▲
Current assets29/58€1.78M€265k▼
Amounts receivable within one year40/41€1.53M€227k▼
Trade receivables40€1.53M€192k▼
Other amounts receivable41-€34k
Cash at bank and in hand54/58€248k€30k▼
Deferred charges and accrued income490/1€0€8k▲
Equity and liabilities
Total equity and liabilities10/49€1.81M€292k▼
Equity10/15€244k€-374k▼
Contributions10/11€13k€13k=
Reserves13€231k€231k=
Distributable reserves133€231k€231k=
Profit (loss) carried forward14-€-618k
Amounts payable17/49€1.57M€667k▼
Amounts payable within one year42/48€712k€667k▼
Current portion of amounts payable after more than one year42€168k€322k▲
Trade debts44€415k€99k▼
Suppliers440/4€415k€99k▼
Taxes, remuneration and social security45€89k€52k▼
Taxes450/3€89k€52k▼
Other amounts payable47/48€40k€194k▲
Accrued charges and deferred income492/3€855k-
Income statement
Code20222023
Remuneration, social security and pensions62€2k€91k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€546€4k▲
Gross operating margin9900€248k€-505k▼
Operating profit (loss)9901€239k€-607k▼
Financial charges65/66B€4k€12k▲
Recurring financial charges65€4k€12k▲
Profit (loss) for the period before taxes9903€235k€-618k▼
Income taxes67/77€62k-
Profit (loss) for the period9904€173k€-618k▼
Profit (loss) for the period to be appropriated9905€173k€-618k▼
Appropriation of the result
Profit (loss) to be appropriated9906€173k€-618k▼
Transfer to equity691/2€173k-
To the legal reserve6920€173k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
23-12
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · BELSOL GROUP BV LEUVENSE- STEENWEG 643, 1930 ZAVENTEM · event 17-12-2024
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 128 days late
2023
31-12
Financial
Weakest financial yearnet €-618k ▼457%
Net result drops to €-618k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Highest result since 2021net €173k ▲199%
Operating result €239k, net result €173k, both a record.
31-12
Financial
Equity above €200kEq €244k ▲244%
2 profitable years in a row build equity to €244k.
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zaventem · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Leuvensesteenweg 6431930 ZaventemGround area
4,170 m²
Building footprint
1,316 m²
Volume, LiDAR
13,760 m³
Parcel 23057B0120/00D000, Flanders · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
BELSOL GROUP
since 20212.316.248.746
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23057B0120/00D000 | Flanders | 4,170 m² | 1 · 1,315 m² | 15.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PAUL VAN ROMPAEY ZANDBERG,19, 2260 WESTERLO- |
17-12-2024 → present |
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 11,579 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.