BELSUN
ActiveSummary
The computed 12-month bankruptcy probability of BELSUN is 1.9% (moderate). The 2025 annual accounts show negative equity (€-22k) and a net result of €8k. Equity is shrinking by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 11% of 4659 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+51
Solvency0=
Growth40=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.42 against 0.24 in 2024; short-term debt: 238.7% and cash: 0.9% of total assets), and equity is negative.
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
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
-138.7%
Return on assets
51.7%
Age of the figures
12 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 4659 sector peers (2025).
NBB · sector comparisonPosition among 4659 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-05-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
182 d late
2023
14 d late
2022
23 d late
2021
66 d late
2020
38 d early
2019
52 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€67k▼ 3.1%
2023 · €69k
2018: €113k
2019: €123k▲ +9.7% vs 2018highest in 7 years
2020: €71k▼ -42.8% vs 2019
2021: €39k▼ -45.3% vs 2020lowest in 7 years
2022: €52k▲ +34.0% vs 2021
2023: €69k▲ +32.9% vs 2022
2024: €67k▼ -3.1% vs 2023
2018 → 2024
EBIT margin
2.9%▼ 4.9pp
2023 · 7.8%
2018: -0.3%
2019: 4.9%▲ +1880% vs 2018
2020: -49.2%▼ -1113% vs 2019lowest in 7 years
2021: -24.2%▲ +50.7% vs 2020
2022: 3.0%▲ +112% vs 2021
2023: 7.8%▲ +162% vs 2022highest in 7 years
2024: 2.9%▼ -62.6% vs 2023
2018 → 2024
Net result
€8k▲ 1,794%
2024 · €427
2018: €-337
2019: €5k▲ +1541% vs 2018
2020: €-35k▼ -816% vs 2019lowest in 8 years
2021: €-9k▲ +72.8% vs 2020
2022: €1k▲ +116% vs 2021
2023: €4k▲ +142% vs 2022
2024: €427▼ -88.0% vs 2023
2025: €8k▲ +1794% vs 2024highest in 8 years
2018 → 2025
Working capital
€-22k▲ 27.1%
2024 · €-30k
2018: €4k
2019: €9k▲ +117% vs 2018highest in 8 years
2020: €-26k▼ -387% vs 2019
2021: €-35k▼ -36.7% vs 2020lowest in 8 years
2022: €-34k▲ +4.2% vs 2021
2023: €-30k▲ +10.5% vs 2022
2024: €-30k▲ +1.4% vs 2023
2025: €-22k▲ +27.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€39k-€52k▲ 34.0%€69k▲ 32.9%€67k▼ 3.1%
2021: €39klowest in 4 years
2022: €52k▲ +34.0% vs 2021
2023: €69k▲ +32.9% vs 2022highest in 4 years
2024: €67k▼ -3.1% vs 2023
Equity€-35k-€-34k▲ 4.2%€-30k▲ 10.5%€-30k▲ 1.4%€-22k▲ 27.1%
2021: €-35klowest in 5 years
2022: €-34k▲ +4.2% vs 2021
2023: €-30k▲ +10.5% vs 2022
2024: €-30k▲ +1.4% vs 2023
2025: €-22k▲ +27.1% vs 2024highest in 5 years
Operating result€-9k-€2k€5k▲ 249%€2k▼ 63.8%€8k▲ 323%
2021: €-9klowest in 5 years
2022: €2k▲ +116% vs 2021
2023: €5k▲ +249% vs 2022
2024: €2k▼ -63.8% vs 2023
2025: €8k▲ +323% vs 2024highest in 5 years
Net result€-9k-€1k€4k▲ 142%€427▼ 88.0%€8k▲ 1,794%
2021: €-9klowest in 5 years
2022: €1k▲ +116% vs 2021
2023: €4k▲ +142% vs 2022
2024: €427▼ -88.0% vs 2023
2025: €8k▲ +1794% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 323% above 2024 and is the highest result in the available series.
Key figures and ratios
Solvency
-138.7%▲
2024 · -322.1%
Current ratio
0.42▲
2024 · 0.24
Debt to equity
-1.72▼
2024 · -1.31
ROA
51.7%▲
2024 · 4.6%
Debt
€37k▼
2024 · €39k
Debt ≤ 1 year
€37k▼
2024 · €39k
Staff costs
€6k▲
2024 · €4k
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 · 2025 against 2024 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€9k€16k▲
Current assets29/58€9k€16k▲
Amounts receivable within one year40/41-€16k
Trade receivables40-€16k
Cash at bank and in hand54/58€9k€147▼
Equity and liabilities
Total equity and liabilities10/49€9k€16k▲
Equity10/15€-30k€-22k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-48k€-40k▲
Amounts payable17/49€39k€37k▼
Amounts payable within one year42/48€39k€37k▼
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Advances received on contracts in progress46-€12k
Taxes, remuneration and social security45€5k€2k▼
Taxes450/3€2k€2k▼
Remuneration and social security454/9€3k€412▼
Other amounts payable47/48€33k€21k▼
Income statement
Code20242025
Turnover70€67k-
Goods, raw materials, services and sundry goods60/61€59k-
Remuneration, social security and pensions62€4k€6k▲
Other operating charges640/8€2k€400▼
Gross operating margin9900€7k€15k▲
Operating profit (loss)9901€2k€8k▲
Financial income75/76B€158-
Recurring financial income75€158-
Non-recurring financial income76B€158-
Financial charges65/66B€459€114▼
Recurring financial charges65€459€114▼
Profit (loss) for the period before taxes9903€2k€8k▲
Income taxes67/77€1k-
Profit (loss) for the period9904€427€8k▲
Profit (loss) for the period to be appropriated9905€427€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-48k€-40k▲
Profit (loss) brought forward from the previous period14P€-49k€-48k▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €39k | €52k | €69k | €67k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €40k | €48k | €60k | €59k | - | - |
| Remuneration, social security and pensions62 | €8k | €1k | €1k | €4k | €6k | ▲ 63.9% |
| Other operating charges640/8 | €413 | €622 | €2k | €2k | €400 | ▼ 74.4% |
| Gross operating margin9900 | €-1k | €3k | €9k | €7k | €15k | ▲ 104% |
| Operating profit (loss)9901 | €-9k | €2k | €5k | €2k | €8k | ▲ 323% |
| Financial income75/76B | - | - | - | €158 | - | - |
| Recurring financial income75 | - | - | - | €158 | - | - |
| Non-recurring financial income76B | - | - | - | €158 | - | - |
| Financial charges65/66B | €118 | €64 | €1k | €459 | €114 | ▼ 75.2% |
| Recurring financial charges65 | €118 | €56 | €1k | €459 | €114 | ▼ 75.2% |
| Non-recurring financial charges66B | - | €8 | €251 | - | - | - |
| Profit (loss) for the period before taxes9903 | €-9k | €1k | €4k | €2k | €8k | ▲ 394% |
| Income taxes67/77 | - | - | €393 | €1k | - | - |
| Profit (loss) for the period9904 | €-9k | €1k | €4k | €427 | €8k | ▲ 1,794% |
| Profit (loss) for the period to be appropriated9905 | €-9k | €1k | €4k | €427 | €8k | ▲ 1,794% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26k | €2k | €2k | €9k | €16k | ▲ 69.2% |
| Current assets29/58 | €26k | €2k | €2k | €9k | €16k | ▲ 69.2% |
| Amounts receivable within one year40/41 | €26k | - | - | - | €16k | - |
| Trade receivables40 | €26k | - | - | - | €16k | - |
| Cash at bank and in hand54/58 | €37 | €2k | €2k | €9k | €147 | ▼ 98.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26k | €2k | €2k | €9k | €16k | ▲ 69.2% |
| Equity10/15 | €-35k | €-34k | €-30k | €-30k | €-22k | ▲ 27.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-54k | €-52k | €-49k | €-48k | €-40k | ▲ 16.7% |
| Amounts payable17/49 | €61k | €36k | €32k | €39k | €37k | ▼ 4.3% |
| Amounts payable within one year42/48 | €61k | €36k | €32k | €39k | €37k | ▼ 4.3% |
| Trade debts44 | €10k | €4k | €653 | €1k | €3k | ▲ 148% |
| Suppliers440/4 | €10k | €4k | €653 | €1k | €3k | ▲ 148% |
| Advances received on contracts in progress46 | - | €2k | - | - | €12k | - |
| Taxes, remuneration and social security45 | €27k | €3k | €2k | €5k | €2k | ▼ 58.6% |
| Taxes450/3 | €997 | €2k | €2k | €2k | €2k | ▼ 21.6% |
| Remuneration and social security454/9 | €26k | €588 | €74 | €3k | €412 | ▼ 86.2% |
| Other amounts payable47/48 | €23k | €27k | €29k | €33k | €21k | ▼ 37.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €1k | €4k | €427 | €8k | ▲ 1,794% |
| Operating cash flow (approximation) | €-9k | €1k | €4k | €427 | €8k | ▲ 1,794% |
| Change in cash | - | €2k | €358 | €7k | €-9k | ▼ 229% |
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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 182 days late
30-09
Financial
Highest result since 2018net €8k ▲1,794%
Operating result €8k, net result €8k, both a record.
2024
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
30-09
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 66 days late
2021
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
09-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 10 days late
2017
17-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Schaarbeek · 2 establishment units since 2013
Ground area
471 m²
Building footprint
408 m²
Volume, LiDAR
5,143 m³
2 parcels, Brussels · tallest building 20.2 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
LUCA & BES
since 20132.221.485.387
Chez Laurent
since 20222.335.255.402
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902A0312/00F002 | Brussels | 374 m² | 1 · 314 m² | 20.2 m · 6 fl. |
| 21902A0451/00K004 | Brussels | 97 m² | 1 · 94 m² | 16.7 m · 3 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 21,742 companies in sector 96210 we hold annual accounts for 2,831. 2,241 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
Founded12-08-2013
Fiscal year end30-09
Legal name FR
LUCA & BES
Activities, NACEBEL 2025
96210Hairdressing and barber services
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Scores and ratios are computed by Checked and are not a credit decision.