BELSTEIN
ActiveSummary
BELSTEIN has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5k and a net result of €3k. Its solvency ranks better than 30% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability95▲+95
Solvency59▲+59
Growth78
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2024Solvency, return and age of the figures
Solvency
33.9%
Return on assets
20.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
29 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€5k
2023 · €-10k
2023: €-10k
2024: €5k▲ +157% vs 2023
2023 → 2024
Total assets
€16k▲ 298%
2023 · €4k
2023: €4k
2024: €16k▲ +298% vs 2023
2023 → 2024
Net result
€3k
2023 · €-11k
2023: €-11k
2024: €3k▲ +132% vs 2023
2023 → 2024
Working capital
€5k
2023 · €-10k
2023: €-10k
2024: €5k▲ +155% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Available amounts per fiscal year
Line20232024Trend
Equity€-10k-€5k
2023: €-10k
2024: €5k▲ +157% vs 2023
Operating result€-10k-€4k
2023: €-10k
2024: €4k▲ +136% vs 2023
Net result€-11k-€3k
2023: €-11k
2024: €3k▲ +132% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €4k after a loss of €10k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €16k
Fixed assets
€91 =
Current assets
€16k ▲ 312%
Equity and liabilities €16k
Equity
€5k
Debt
€11k
Debt finances 66.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€4k▲
2023 · €-10k
Cash flow
€3k▲
2023 · €-10k
Current ratio
1.50
Debt to equity
1.95
ROE
61.8%
ROA
20.9%
Interest coverage
14.16▲
2023 · -69.06
Debt ≤ 1 year
€11k▼
2023 · €13k
Income taxes
€130▲
2023 · €50
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 · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4k€16k▲
Formation expenses20€74-
Fixed assets21/28€91€91=
Financial fixed assets28€91€91=
Current assets29/58€4k€16k▲
Amounts receivable within one year40/41-€15k
Trade receivables40-€15k
Other amounts receivable41-€10
Cash at bank and in hand54/58€4k€855▼
Equity and liabilities
Total equity and liabilities10/49€4k€16k▲
Equity10/15€-10k€5k▲
Contributions10/11€1k€13k▲
Profit (loss) carried forward14€-11k€-7k▲
Amounts payable17/49€14k€11k▼
Amounts payable within one year42/48€13k€11k▼
Financial debts43€412-
Credit institutions430/8€412-
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€3k€1k▼
Remuneration and social security454/9-€890
Other amounts payable47/48€8k€7k▼
Accrued charges and deferred income492/3€129-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€810€74▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€-7k€5k▲
Operating profit (loss)9901€-10k€4k▲
Financial charges65/66B€138€269▲
Recurring financial charges65€138€269▲
Profit (loss) for the period before taxes9903€-10k€3k▲
Income taxes67/77€50€130▲
Profit (loss) for the period9904€-11k€3k▲
Profit (loss) for the period to be appropriated9905€-11k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-7k▲
Profit (loss) brought forward from the previous period14P-€-11k
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €810 | €74 | ▼ 90.9% |
| Other operating charges640/8 | €2k | €1k | ▼ 51.4% |
| Gross operating margin9900 | €-7k | €5k | ▲ 164% |
| Operating profit (loss)9901 | €-10k | €4k | ▲ 136% |
| Financial charges65/66B | €138 | €269 | ▲ 94.5% |
| Recurring financial charges65 | €138 | €269 | ▲ 94.5% |
| Profit (loss) for the period before taxes9903 | €-10k | €3k | ▲ 133% |
| Income taxes67/77 | €50 | €130 | ▲ 159% |
| Profit (loss) for the period9904 | €-11k | €3k | ▲ 132% |
| Profit (loss) for the period to be appropriated9905 | €-11k | €3k | ▲ 132% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €4k | €16k | ▲ 298% |
| Formation expenses20 | €74 | - | - |
| Fixed assets21/28 | €91 | €91 | = |
| Financial fixed assets28 | €91 | €91 | = |
| Current assets29/58 | €4k | €16k | ▲ 312% |
| Amounts receivable within one year40/41 | - | €15k | - |
| Trade receivables40 | - | €15k | - |
| Other amounts receivable41 | - | €10 | - |
| Cash at bank and in hand54/58 | €4k | €855 | ▼ 77.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €4k | €16k | ▲ 298% |
| Equity10/15 | €-10k | €5k | ▲ 157% |
| Contributions10/11 | €1k | €13k | ▲ 1,160% |
| Profit (loss) carried forward14 | €-11k | €-7k | ▲ 31.6% |
| Amounts payable17/49 | €14k | €11k | ▼ 22.3% |
| Amounts payable within one year42/48 | €13k | €11k | ▼ 21.6% |
| Financial debts43 | €412 | - | - |
| Credit institutions430/8 | €412 | - | - |
| Trade debts44 | €1k | €2k | ▲ 19.0% |
| Suppliers440/4 | €1k | €2k | ▲ 19.0% |
| Taxes, remuneration and social security45 | €3k | €2k | ▼ 34.9% |
| Taxes450/3 | €3k | €1k | ▼ 61.7% |
| Remuneration and social security454/9 | - | €890 | - |
| Other amounts payable47/48 | €8k | €7k | ▼ 19.3% |
| Accrued charges and deferred income492/3 | €129 | - | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-11k | €3k | ▲ 132% |
| + Depreciation and write-downs630 | €810 | €74 | ▼ 90.9% |
| Operating cash flow (approximation) | €-10k | €3k | ▲ 135% |
| Investment in fixed assets (approximation) | - | €-74 | - |
| Change in cash | - | €-3k | - |
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
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 1.50
Current ratio from 0.29 to 1.50; short-term debt falls from €13k to €11k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro 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, Sint-Lambrechts-Woluwe · 2 establishment units since 2023
Ground area
19.8 ha
Building footprint
14.9 ha
Volume, LiDAR
2,151,875 m³
2 parcels, Brussels · tallest building 42.8 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
BELSTEIN
since 20232.341.741.534
Belgiëplein 1, 1020 Brussel
since 20252.384.567.232
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818A0031/00F002 | Brussels | 19.8 ha | 1 · 14.8 ha | 42.8 m · 5 fl. |
| 21673D0130/00V008 | Brussels | 217 m² | 1 · 117 m² | 22.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 16,284 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
Founded14-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
72109Other research and development on natural sciences
73300Public relations and communication consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.