Belsov
ActiveSummary
Belsov has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120,085 and a net result of €68,224. Its solvency ranks better than 59% of 1,238 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
- Equity
- €120,085
- Profit
- €68,224
Why 67raises riskFounded in 20241 change of registered office in 24 monthslowers riskLiquidity: current ratio 2.19, cash €56,504Equity €120,085 (53.8% of total assets)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, micro): better than 58% on solvency, 74% on liquidity, 94% on profitability and 95% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 33 days before the deadline; the sector median (NACE 25) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Registered officeRegistered-office move
- Annual accounts filedfinancial year 2025 · abbreviated…
- Equity above €100,000equity €120,085 ▲132%
Financials · financial year 2025, abbreviated format
2024 to 2025, 2 financial years
The operating result rises in 2025; 2025 is 38% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,042 | €16,445 | ▲ 226% |
| Other operating charges640/8 | €778 | €579 | ▼ 25.5% |
| Gross operating margin9900 | €66,926 | €101,149 | ▲ 51.1% |
| Operating profit (loss)9901 | €61,106 | €84,125 | ▲ 37.7% |
| Financial income75/76B | - | €18 | - |
| Recurring financial income75 | - | €18 | - |
| Financial charges65/66B | - | €541 | - |
| Recurring financial charges65 | - | €541 | - |
| Profit (loss) for the period before taxes9903 | €61,106 | €83,602 | ▲ 36.8% |
| Income taxes67/77 | €12,245 | €15,378 | ▲ 25.6% |
| Profit (loss) for the period9904 | €48,861 | €68,224 | ▲ 39.6% |
| Profit (loss) for the period to be appropriated9905 | €48,861 | €68,224 | ▲ 39.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €77,299 | €223,215 | ▲ 189% |
| Fixed assets21/28 | €31,659 | €111,804 | ▲ 253% |
| Tangible fixed assets22/27 | €31,259 | €111,404 | ▲ 256% |
| Plant, machinery and equipment23 | - | €13,988 | - |
| Furniture and vehicles24 | €31,259 | €20,082 | ▼ 35.8% |
| Leasing and similar rights25 | - | €77,333 | - |
| Financial fixed assets28 | €400 | €400 | = |
| Current assets29/58 | €45,640 | €111,411 | ▲ 144% |
| Amounts receivable within one year40/41 | €31,012 | €50,850 | ▲ 64.0% |
| Trade receivables40 | €30,560 | €36,939 | ▲ 20.9% |
| Other amounts receivable41 | €452 | €13,911 | ▲ 31× |
| Cash at bank and in hand54/58 | €14,019 | €56,504 | ▲ 303% |
| Deferred charges and accrued income490/1 | €609 | €4,058 | ▲ 566% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €77,299 | €223,215 | ▲ 189% |
| Equity10/15 | €51,861 | €120,085 | ▲ 132% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Reserves13 | €48,861 | €117,085 | ▲ 140% |
| Distributable reserves133 | €48,861 | €117,085 | ▲ 140% |
| Amounts payable17/49 | €25,438 | €103,130 | ▲ 305% |
| Amounts payable after more than one year17 | - | €52,348 | - |
| Financial debts170/4 | - | €52,348 | - |
| Amounts payable within one year42/48 | €25,438 | €50,782 | ▲ 99.6% |
| Current portion of amounts payable after more than one year42 | - | €11,856 | - |
| Trade debts44 | €8,138 | €18,471 | ▲ 127% |
| Suppliers440/4 | €8,138 | €18,471 | ▲ 127% |
| Taxes, remuneration and social security45 | €12,273 | €20,455 | ▲ 66.7% |
| Taxes450/3 | €12,273 | €20,455 | ▲ 66.7% |
| Other amounts payable47/48 | €5,027 | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €48,861 | €68,224 | ▲ 39.6% |
| + Depreciation and write-downs630 | €5,042 | €16,445 | ▲ 226% |
| Operating cash flow (approximation) | €53,903 | €84,669 | ▲ 57.1% |
| Investment in fixed assets (approximation) | - | -€96,590 | - |
| Change in cash | - | €42,484 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 19-01-2026 | 2026-00009720 |
| 30-06-2024 | abbreviated format | 09-12-2024 | 2024-00612645 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Mynda, Serhij |
|
Owners and capital
Capital and shareholders
- Mynda, Serhij 1,000 shares (100%) · €3,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 06-02-2024 Incorporation · €3,000 · 1,000 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
09-09
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Registered-office move, Moortelweg 13, 8900 leper
- Board meeting, 03-09-2026
06-02
Gazette deed
IncorporationAppointment: Mynda, Serhij (director) · Founder · Founding capital9 facts ▸
- Incorporation, “Belsov” (deed in Dutch)
- Founder, Mynda, Serhij
- Founding capital, €3,000
- Bank account, “KBC Bank”, 3000 (deed in Dutch)
- Capital contribution
- Registered office clause, “8470 Gistel, Abdijstraat 18” (deed in Dutch)
- Other provision, “website en e-mail” (deed in Dutch)
- Board rule, 1
- Director appointment, Mynda, Serhij (director)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1005.580.291
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 33306A0348/00K000 | Flanders | 2,730 m² | 1 · 249 m² | 7.9 m · 2 |
| 35005D0384/00F000 | Flanders | 994 m² | 1 · 220 m² | 7.1 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De vervaardiging van metalen werkstukken voor rekening van derden door toepassing van diverse technieken: boren,draaien,frezen,vonkerosief…” (deed in Dutch)
28 activities (deed in Dutch)
- De vervaardiging van metalen werkstukken voor rekening van derden door toepassing van diverse technieken: boren,draaien,frezen,vonkerosief bewerken,schaven,lappen,tekfrezen,vlakken,zagen,slijpen,lassen,…;
- Algemene metaalbewerking,oppervlaktebehandeling,bekleding en warmtebehandeling van metaal;
- Onderhouds- en herstellingswerken van mechanische aard voor rekening van derden;
- Reparatie en onderhoud van andere apparatuur,machines,…;
- Het afbramen,zandstralen,verven,graveren,trommelpolijsten en reinigen van metaal;
- Vervaardiging van geprefabriceerde gebouwen,overwegend van metaal: bouwketen,modulaire tentoonstellingselementen,telefooncellen,…;
- Bekleden van metaal door elektrolyse of indompeling;
- Warmtebehandeling van metaal;
- Bekleden van metaal met andere beschermende of decoratieve materialen dan metaal: plastificeren,emailleren,lakken,…;
- Harden en poetsen van metaal;
- Montage van serres,veranda's,enz.,in hout of kunststof Installatie van al dan niet verplaatsbare tussenwanden,de bekleding van wanden,plafonds,enz.,in metaal Installatie van binnendeuren,scheidingswanden enz.,van glas;
- Vervaardiging van overige artikelen van metaal;
- Vervaardiging van machines voor metaalbewerking;
- Onderneming voor het optrekken en afbreken van steigers en werkplatforms;
- Alle activiteiten die direct of indirect verband houden met het onderhoud,de renovatie,reparatie,verfraaiing,vernieuwing en de modernisering van alle soorten gebouwen,onroerende goederen,huizen,appartementen,bedrijven,industriële gebouwen,loodsen,schuren,silo’s en meer in het algemeen alle handelingen die direct of indirect verband houden met publieke en private werken en de bouwsector. De aanleg en het onderhoud van tuinen,parken,sportvelden,zwembaden,wegen,paden,hekken en poorten;
- Het uitvoeren als aannemer of in onderaanneming,van alle bouw-,verbouwings- en/of herstellingswerken,voltooiing,versiering en uitrusting van alle gebouwen,alle metsel-,beton-,graaf-,timmer-,dak-,isolatie-,chape-,lood-,stukadoor- en zinkwerken,sanitair,centrale verwarming,muur- en vloerbedekking,elektriciteit,schilder- en behangwerk,schrijnwerk en timmerwerk,geluidsisolatie,reiniging en onderhoud van gebouwen,ramen en kantoren,installatie van sierschoorstenen of andere ornamenten in marmer of steen,plaatsing van sloten,deuren,parketvloeren,plaatsing van elektrische apparaten,alarm- en bewakingssystemen,airconditioning en ventilatiesystemen,metalen constructies,uitgeruste keukenfaciliteiten; installatie,constructie,onderhoud en reparatie van personen- en goederenliften en meer algemeen alle verrichtingen of prestaties die direct of indirect in verband staan met het bouwvak in de ruimste zin opgenomen;
- Het plaatsen,onderhouden,herstellen en keuren van zonnepanelen,elektrische- en elektrotechnische installaties,datanetwerken,kabels,diverse leidingen,drijfkracht en telefonie;
- Het plaatsen,programmatie,onderhouden,keuren,nazicht en herstellen van domoticasystemen;
- Het plaatsen,onderhouden,herstellen van alarminstallaties,camerabewaking,toegangscontrole en videofonie;
- Het plaatsen,integratie en beheer van niet-elektrische,elektrische en/of fotovoltaïsche panelen en installaties,inclusief schakel- en verdeelinrichtingen voor het opvangen en omzetten van zonne-energie,zowel van autonome als netgekoppelde systemen;
- De studie,realisatie en installatie van elektrische HVAC-panelen,elektrische installatie met hoge,gemiddelde en lage spanning,automatisering;
- Reinigen van het interieur van allerlei gebouwen: kantoren,fabrieken,werkplaatsen,allerlei commerciële gebouwen,appartementsgebouwen;
- Aanleggen en onderhouden van tuinen,parken en het groene gedeelte van sportvelden;
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen,met betrekking tot roerende goederen en rechten,van welke aard ook zoals de aan-en verkoop,de huur en verhuur,de ruil; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen;
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen: alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de huurfinanciering van onroerende goederen,het ontwerpen en opvolgen van projecten,en het maken van studies met betrekking tot immobiliën,de aan- en verkoop,huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen; alsmede zich borg te stellen voor het goede verloop van verbintenissen,door derde personen aangegaan,die het genot zouden hebben van voormelde roerende en onroerende goederen;
- Verlenen van adviezen van financiële,technische,commerciële of administratieve aard; in de ruimste zin,met uitzondering van adviezen inzake beleggingen en geldplaatsingen; bijstand en diensten verlenen,rechtstreeks of onrechtstreeks op het vlak van administratie van financiën,verkoop,productie en algemeen bestuur;
- De aan- en verkoop,in- en uitvoer,commissiehandel en vertegenwoordiging van om het even welke goederen,in het kort tussenpersoon in de handel;
- Het verwerven en aanhouden van participaties,in eender welke vorm,in alle bestaande of op te richten industriële,commerciële,financiële,landbouw- of immobiliënvennootschappen of -ondernemingen,het stimuleren,de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen,waarin ze een participatie aanhoudt; het deelnemen aan hun beheer,bestuur,vereffening en toezicht alsmede het verlenen van technische,administratieve en financiële bijstand aan deze vennootschappen en ondernemingen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, één of meer bestuurders” (deed in Dutch)“Onbepaalde duur bij gebrek aan bepaling, algemene vergadering” (deed in Dutch)“Algemene kosten, representatie-,reis-en verplaatsingskosten” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Saturday of December at 10:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed