BELTEC
The computed 12-month bankruptcy probability of BELTEC is 0.5% (low). The 2024 annual accounts show equity of €2.59M and a net result of €121k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 208 sector peers (fiscal year 2024). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €2.59M |
| Net result | €121k |
| Staff (FTE) | 45.1 |
| Better than sector | 33% |
Strong profile, led by stability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 22.7% | 41.7% | |
| Net result | €121k | €10k | |
| Equity | €2.59M | €70k | |
| Staff costs | €2.93M | €184k | |
| Employees (FTE) | 45.1 | 5.9 |
| Fiscal year | 2024 |
|---|---|
| Revenue | €11.02M |
| EBITDA | €1.64M |
| Net profit | €121k |
| Cash flow | €1.27M |
| Staff costs | €2.93M |
| Income taxes | €63k |
| Dividends | - |
| Total assets | €11.37M |
| Equity | €2.59M |
| Debt | €8.75M |
| of which ≤ 1y | €2.37M |
| of which > 1y | €6.26M |
| Working capital | €2.73M |
| Employees (FTE) | 45.1 |
| 2024 | |
|---|---|
| Current ratio | 2.15 |
| Quick ratio | 0.79 |
| Working capital ratio | 24.0% |
| Solvency | 22.7% |
| Debt / equity | 3.38 |
| Long-term debt ratio | 2.42 |
| Interest coverage | 5.22 |
| Gross margin | 54.8% |
| Net margin | 1.1% |
| ROA | 1.1% |
| ROE | 4.7% |
| EBITDA margin | 14.9% |
| Days sales outstanding | 55d |
| Days payable outstanding | 54d |
| Inventory turnover | 1.54 |
| Days inventory (DSI) | 237d |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €11.37M |
| Fixed assets | 21/28 | €6.26M |
| Intangible fixed assets | 21 | €510k |
| Tangible fixed assets | 22/27 | €5.74M |
| Financial fixed assets | 28 | €11k |
| Current assets | 29/58 | €5.11M |
| Stocks & contracts in progress | 3 | €3.24M |
| Amounts receivable within one year | 40/41 | €1.69M |
| Cash & bank | 54/58 | €129k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €11.37M |
| Equity | 10/15 | €2.59M |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €2.53M |
| Provisions & deferred taxes | 16 | €37k |
| Amounts payable | 17/49 | €8.75M |
| Amounts payable after one year | 17 | €6.26M |
| Amounts payable within one year | 42/48 | €2.37M |
| Trade debts payable within one year | 44 | €738k |
| Income statement | ||
| Turnover | 70 | €11.02M |
| Operating result | 9901 | €483k |
| Financial income | 75 | €31k |
| Financial charges | 65 | €340k |
| Result before taxes | 9903 | €175k |
| Income taxes | 67/77 | €63k |
| Net result for the period | 9904 | €121k |
| Result to be appropriated | 9905 | €145k |
| NACE primary | 28120 |
| Legal form | Private limited company(610) |
| Incorporation | 31-01-1989 |
| Status | Active |
| Postal code | 2500 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12392A0318/00C000 | Flanders | 1.0 ha | 1 · 5,415 m² | 10.9 m · 3 fl. |
| 11052C0210/00Z000 | Flanders | 6,454 m² | 1 · 3,026 m² | 27.8 m · 2 fl. |
| 12392A0457/00D002 | Flanders | 1,747 m² | 1 · 1,747 m² | 7.6 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
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| Legal nameNL | BELTEC |