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BELTAP

Active
Public limited companyfounded 198046 yrs activeMeersbloem-Leupegem 58, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0420.166.683
Summary

BELTAP has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €408,150 and a net result of €65,581. Equity is shrinking by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 188 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
BELTAPActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of textiles
NACE 13930NACE 17510
1 site
Size
€417,142total assets 2025
Equity
€408,150
Profit
€65,581
Financial health
96 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Parent
SEVETON · 100%
Accounts 16 d early0 of 11 deeds read
Why 96- Liquidity: current ratio 8.12, cash €23,665+ Equity €408,150 (97.8% of total assets)+ Figures for FY 2025 (filed 15-07-2026)+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Better than 70% of its sector peers (NACE 13, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 97.8% of total assets
Liquidity 57+3
short-term debt 2.2% · cash 5.7%
Profitability 77+5
return on assets 15.7%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (492 companies)
Last 24 months 11-2024: 0.1%highest value 12-2024: 0.1%● 0.0% vs 11-2024highest value 01-2025: 0.1%● 0.0% vs 12-2024highest value 02-2025: < 0.1%▼ -69.5% vs 01-2025lowest value 03-2025: < 0.1%● 0.0% vs 02-2025lowest value 04-2025: < 0.1%● 0.0% vs 03-2025lowest value 05-2025: < 0.1%▲ +2.3% vs 04-2025 06-2025: < 0.1%● 0.0% vs 05-2025 07-2025: < 0.1%▲ +11.4% vs 06-2025 08-2025: < 0.1%● 0.0% vs 07-2025 09-2025: < 0.1%● 0.0% vs 08-2025 10-2025: < 0.1%● 0.0% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%▼ -2.0% vs 12-2025 02-2026: 0.1%▲ +45.8% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%▲ +7.1% vs 03-2026 05-2026: 0.1%▲ +5.3% vs 04-2026 06-2026: 0.1%● 0.0% vs 05-2026 07-2026: 0.1%▲ +13.9% vs 06-2026 08-2026: 0.1%▼ -32.2% vs 07-2026 09-2026: 0.1%● 0.0% vs 08-2026 10-2026: 0.1%● 0.0% vs 09-2026
  • Liquidity: current ratio 8.12, cash €23,665 raises the probability
  • Equity €408,150 (97.8% of total assets) lowers the probability
  • Figures for FY 2025 (filed 15-07-2026) lowers the probability
  • Legal form Public limited company lowers the probability
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 8.12 against 1.13 in 2024; short-term debt: 2.2% and cash: 5.7% of total assets), and 2.2% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 13, micro). Better than this share of them on solvency 88%, liquidity 55%, profitability 63%, growth against the median 76%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 8.12, cash €23,665
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Equity €408,150 (97.8% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 15-07-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Legal form Public limited company
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €408,150
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
16 d early
2024
45 d early
2023
7 d early
2022
55 d early
2021
18 d early
2020
22 d early
2019
18 d early
← 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 26 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 13 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Highest result since 2018net €65,581 ▲15.4%
  3. Liquidity times 7current ratio 8.12

Key points

  • Positive: Among the best 5% on solvencysector median 54.1% · 188 companies 97.8% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €65,581 8 years View
  • Controlled by SEVETONultimately: Koutermolen 100% View
  • Active since 1980founded 22-02-1980 46 years View

By topic

Financials

Fiscal year
2025
Total assets
€417,142
Profit
€65,581
Solvency
97.8%
Total assets▲ 2.1%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 15-07-2026Annual accounts filed
  2. 31-12-2025Highest result since 2018
  3. 31-12-2025Liquidity times 7
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of textilesNACE 13930
Founded
22-02-1980
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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