BELTECH

Active

Private limited company (pre-2019)founded 20187 yrs activeFélix De Cuyperstraat 56, 1070 Anderlecht, BelgiumKBO/BCE: BE 0707.679.039

Summary

The computed 12-month bankruptcy probability of BELTECH is 3.7% (moderate). The 2024 annual accounts show equity of €196,342 and a net result of €32,244. Equity is growing by ~33.8% per year across the filed fiscal years. Its solvency ranks better than 72% of 3551 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysis Watch Report Compare

BELTECHActiveChecked score 62/100

Risk analysis Report Compare

Checked score

Score 2024

62 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability61▼-19

Solvency83▼-6

Growth85=

Track record100

Bankruptcy probability, 12 months

3.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €12,000 at 30 days acceptable

Liquidity ample (current ratio 2.4 against 2.8 in 2023; short-term debt: 41.7% and cash: 77.5% of total assets), and 41.7% of the assets are financed with debt.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Specialised construction activities (NACE 43)

about 85% more bankruptcies

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-07-2025, 15 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

not confirmed

2024

15 d early

2023

16 d early

2022

21 d late

2021

31 d late

2020

25 d late

2019

199 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 41 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)

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

History

On 2 October 2018, BELTECH was incorporated.¹ Revenue went from EUR 21,020 in 2020 to EUR 158,132 in 2024.²

Go further with this company

How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, full schema

Turnover

€158,132▼ 40.8%

2023 · €267,262

EBIT margin

27.3%▲ 5.5pp

2023 · 21.8%

Net result

€32,244▼ 26.0%

2023 · €43,555

Working capital

€196,342▲ 19.6%

2023 · €164,098

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20202021202220232024

Turnover€21,020€91,330▲ 334%€33,862▼ 62.9%€267,262▲ 689%€158,132▼ 40.8%

Operating result€21,020€90,230▲ 329%€29,176▼ 67.7%€58,221▲ 99.6%€43,195▼ 25.8%

Net result€15,756€67,306▲ 327%€21,786▼ 67.6%€43,555▲ 99.9%€32,244▼ 26.0%

EBIT margin100.0%98.8%▼ 1.2pp86.2%▼ 12.6pp21.8%▼ 64.4pp27.3%▲ 5.5pp

Equity€31,451▲ 100%€98,757▲ 214%€120,543▲ 22.1%€164,098▲ 36.1%€196,342▲ 19.6%

Total assets€39,727▲ 128%€128,690▲ 224%€152,854▲ 18.8%€255,168▲ 66.9%€336,742▲ 32.0%

Debt€8,276▲ 380%€29,933▲ 262%€32,311▲ 7.9%€91,070▲ 182%€140,400▲ 54.2%

Working capital€31,451▲ 100%€98,757▲ 214%€120,543▲ 22.1%€164,098▲ 36.1%€196,342▲ 19.6%

Why a figure moved sharply

2023 Turnover +689%, Total assets +67% on 2022. Cause not known from the registers.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 26% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €336,742

58.3%

41.7%

Equity €196,342 ▲ 19.6%

Debt €140,400 ▲ 54.2%

Debt's share of the balance-sheet total rises from 35.7% to 41.7%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

Current ratio

2.40▼

2023 · 2.80

Debt to equity

0.72▲

2023 · 0.55

ROE

16.4%▼

2023 · 26.5%

ROA

9.6%▼

2023 · 17.1%

Debt ≤ 1 year

€140,400▲

2023 · €91,070

Income taxes

€10,748▼

2023 · €14,519

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.

Micro
5 to 10 years old
solvency 30% or more
a profit of 5% of the balance sheet or more

1.5% went bankrupt

3.4% stopped otherwise

95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.4%
3	0.5%	0.5%
4	0.6%	0.7%
5	0.8%	0.9%
6	1.2%	1.3%
7	1.5%	1.6%
8	1.7%	1.7%
9	2.7%	2.8%
10	5.3%	5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 26,964 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.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines

Balance sheet Code20232024

Assets

Total assets20/58€255,168€336,742▲

Current assets29/58€255,168€336,742▲

Amounts receivable within one year40/41€103,025€75,925▼

Trade receivables40€103,025€75,925▼

Cash at bank and in hand54/58€152,143€260,818▲

Equity and liabilities

Total equity and liabilities10/49€255,168€336,742▲

Equity10/15€164,098€196,342▲

Contributions10/11€18,600€18,600=

Capital10€18,600€18,600=

Issued capital100€18,600€18,600=

Reserves13€1,860€1,860=

Non-distributable reserves130/1€1,860€1,860=

Legal reserve130€1,860€1,860=

Profit (loss) carried forward14€143,638€175,882▲

Amounts payable17/49€91,070€140,400▲

Amounts payable within one year42/48€91,070€140,400▲

Trade debts44€65,800€109,430▲

Suppliers440/4€65,800€109,430▲

Taxes, remuneration and social security45€22,663€28,363▲

Taxes450/3€22,663€28,363▲

Other amounts payable47/48€2,607€2,607=

Income statement Code20232024

Turnover70€267,262€158,132▼

Goods, raw materials, services and sundry goods60/61€208,309€114,549▼

Other operating charges640/8€732€387▼

Gross operating margin9900€58,953€43,583▼

Operating profit (loss)9901€58,221€43,195▼

Financial income75/76B€70-

Recurring financial income75€70-

Financial charges65/66B€217€203▼

Recurring financial charges65€217€203▼

Profit (loss) for the period before taxes9903€58,074€42,992▼

Income taxes67/77€14,519€10,748▼

Profit (loss) for the period9904€43,555€32,244▼

Profit (loss) for the period to be appropriated9905€43,555€32,244▼

Appropriation of the result

Profit (loss) to be appropriated9906€143,638€175,882▲

Profit (loss) brought forward from the previous period14P€100,083€143,638▲

Line	2020	2021	2022	2023	2024	Change
Turnover70	€21,020	€91,330	€33,862	€267,262	€158,132	▼ 40.8%
Goods, raw materials, services and sundry goods60/61	-	€400	€4,339	€208,309	€114,549	▼ 45.0%
Other operating charges640/8	-	€700	€348	€732	€387	▼ 47.1%
Gross operating margin9900	€21,020	€90,930	€29,523	€58,953	€43,583	▼ 26.1%
Operating profit (loss)9901	€21,020	€90,230	€29,176	€58,221	€43,195	▼ 25.8%
Financial income75/76B	-	-	-	€70	-	-
Recurring financial income75	-	-	-	€70	-	-
Financial charges65/66B	-	€472	€128	€217	€203	▼ 6.5%
Recurring financial charges65	€12	€472	€128	€217	€203	▼ 6.5%
Profit (loss) for the period before taxes9903	€21,008	€89,758	€29,048	€58,074	€42,992	▼ 26.0%
Income taxes67/77	€5,252	€22,452	€7,262	€14,519	€10,748	▼ 26.0%
Profit (loss) for the period9904	€15,756	€67,306	€21,786	€43,555	€32,244	▼ 26.0%
Profit (loss) for the period to be appropriated9905	€15,756	€67,306	€21,786	€43,555	€32,244	▼ 26.0%

Line	2020	2021	2022	2023	2024	Change
Assets
Total assets20/58	€39,727	€128,690	€152,854	€255,168	€336,742	▲ 32.0%
Current assets29/58	€39,727	€128,690	€152,854	€255,168	€336,742	▲ 32.0%
Amounts receivable within one year40/41	€1,875	€23,554	€13,811	€103,025	€75,925	▼ 26.3%
Trade receivables40	-	€21,869	€13,811	€103,025	€75,925	▼ 26.3%
Other amounts receivable41	-	€1,684	-	-	-	-
Cash at bank and in hand54/58	€37,852	€105,137	€139,044	€152,143	€260,818	▲ 71.4%
Equity and liabilities
Total equity and liabilities10/49	€39,727	€128,690	€152,854	€255,168	€336,742	▲ 32.0%
Equity10/15	€31,451	€98,757	€120,543	€164,098	€196,342	▲ 19.6%
Contributions10/11	€18,600	€18,600	€18,600	€18,600	€18,600	=
Capital10	-	€18,600	€18,600	€18,600	€18,600	=
Issued capital100	-	€18,600	€18,600	€18,600	€18,600	=
Reserves13	€1,576	€1,860	€1,860	€1,860	€1,860	=
Non-distributable reserves130/1	-	€1,860	€1,860	€1,860	€1,860	=
Legal reserve130	-	€1,860	€1,860	€1,860	€1,860	=
Profit (loss) carried forward14	€11,275	€78,297	€100,083	€143,638	€175,882	▲ 22.4%
Amounts payable17/49	€8,276	€29,933	€32,311	€91,070	€140,400	▲ 54.2%
Amounts payable within one year42/48	€8,276	€29,933	€32,311	€91,070	€140,400	▲ 54.2%
Trade debts44	-	-	€3,630	€65,800	€109,430	▲ 66.3%
Suppliers440/4	-	-	€3,630	€65,800	€109,430	▲ 66.3%
Taxes, remuneration and social security45	-	€27,704	€26,452	€22,663	€28,363	▲ 25.2%
Taxes450/3	-	€27,704	€26,452	€22,663	€28,363	▲ 25.2%
Other amounts payable47/48	-	€2,229	€2,229	€2,607	€2,607	=

Line	2020	2021	2022	2023	2024	Change
Profit (loss) for the period9904	€15,756	€67,306	€21,786	€43,555	€32,244	▼ 26.0%
Operating cash flow (approximation)	€15,756	€67,306	€21,786	€43,555	€32,244	▼ 26.0%
Change in cash	-	€67,285	€33,907	€13,099	€108,675	▲ 730%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 10Financial 4Filings 6

2025

16-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

15-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Equity above €150,000Eq €164,098 ▲36.1%

4 profitable years in a row build equity to €164,098.

21-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 21 days late

2022

31-12

Financial Equity above €100,000Eq €120,543 ▲22.1%

3 profitable years in a row build equity to €120,543.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 31 days late

2021

31-12

Financial Highest result since 2019net €67,306 ▲327%

Operating result €90,230, net result €67,306, both a record.

25-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 25 days late

15-02

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 199 days late

2020

31-12

Financial Back to profitnet €15,756

Net result €15,756 after one loss-making year.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 1 act read

About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors

1 act for this company is 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, Anderlecht

exact location from the address register On OpenStreetMap

Ground area

681 m²

Building footprint

678 m²

Volume, LiDAR

4,211 m³

Parcel 21306C0118/00V000, Brussels · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.

10 companies at this address See who is registered here

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21306C0118/00V000	Brussels	681 m²	1 · 678 m²	11.3 m · 2 fl.

Linked by address, not proof of ownership

Good to know

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

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Of 7,043 companies in sector 43221 we hold annual accounts for 3,473. 2,899 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 (pre-2019)

Founded02-10-2018

Fiscal year end31-12

Activities, NACEBEL 2025

43221Plumbing work

43211General electrical installation work

43222Installation of electric heating, air conditioning, cooling and ventilation

52210Service activities incidental to land transportation

E-invoicing

Reachable via Peppol

Peppol ID 0208:0707679039

Registered 19-03-2026

Scores and ratios are computed by Checked and are not a credit decision.