BELTECHNIC
ActiveSummary
The computed 12-month bankruptcy probability of BELTECHNIC is 1.7% (moderate). The 2024 annual accounts show equity of €363,846 and a net result of €64,878. Equity is growing by ~25.1% per year across the filed fiscal years. The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Insulation installation
NACE 43230General construction of residential buildings NACE 41001General construction of buildings NACE 41201
1 site
How big
€851,257total assets 2024
- Staff
- 4.6 FTE
- Equity
- €363,846
- Profit
- €64,878
Who decides
Accounts 33 d early0 of 5 deeds read
Why 66- Higher-failure-rate sector- Higher-failure-rate region+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability78▼-1
Solvency68▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity ample (current ratio 1.95 against 1.72 in 2023; short-term debt: 43.3% and cash: 28.1% of total assets), but 57.3% of the assets are financed with debt.
Credit check for your own amount and term
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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 →
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
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 28-06-2026, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
33 d early
2024
31 d early
2023
29 d late
2022
70 d early
2021
39 d early
2020
33 d early
2019
27 d late
← 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 21 days before 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 (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 28 June (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · full…
- Annual accounts filedfiscal year 2023 · full…
Financials
Fiscal year 2024Total assets €851,257Profit €64,878Solvency 42.7%Liquidity 1.95
Total assets
€851,257▲ 6.4%
2018 - 2024
Net result
€64,878▼ 1.2%
2018 - 2024
Equity
€363,846▲ 21.7%
2018 - 2024
Staff (FTE)
4.6▼ 16.4%
2018 - 2024
Financials · fiscal year 2024, full schema, 2025 accounts filed, figures not processed yet
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€23,330▼ 2.6%€49,598▲ 113%€82,833▲ 67.0%€88,782▲ 7.2%€95,085▲ 7.1%
Net result€20,598within the sector's middle half▲ 3.6%€30,350within the sector's middle half▲ 47.3%€64,912within the sector's middle half▲ 114%€65,646within the sector's middle half▲ 1.1%€64,878within the sector's middle half▼ 1.2%
Equity€138,059within the sector's middle half▲ 17.5%€168,409within the sector's middle half▲ 22.0%€233,321within the sector's middle half▲ 38.5%€298,968within the sector's middle half▲ 28.1%€363,846within the sector's middle half▲ 21.7%
Total assets€444,635within the sector's middle half▲ 23.2%€564,842within the sector's middle half▲ 27.0%€716,100within the sector's middle half▲ 26.8%€800,120within the sector's middle half▲ 11.7%€851,257within the sector's middle half▲ 6.4%
Debt€251,567▲ 36.3%€319,273▲ 26.9%€404,722▲ 26.8%€387,981▼ 4.1%€368,826▼ 4.9%
Working capital€143,869within the sector's middle half▲ 13.9%€179,893within the sector's middle half▲ 25.0%€240,596within the sector's middle half▲ 33.7%€271,571within the sector's middle half▲ 12.9%€348,713within the sector's middle half▲ 28.4%
Solvency31.1%within the sector's middle half▼ 1.5pp29.8%within the sector's middle half▼ 1.2pp32.6%within the sector's middle half▲ 2.8pp37.4%within the sector's middle half▲ 4.8pp42.7%within the sector's middle half▲ 5.4pp
Current ratio1.60within the sector's middle half▼ 0.121.63within the sector's middle half▲ 0.031.64within the sector's middle half▲ 0.011.72within the sector's middle half▲ 0.081.95within the sector's middle half▲ 0.23
Return on assets (ROA)4.6%within the sector's middle half▼ 0.9pp5.4%within the sector's middle half▲ 0.7pp9.1%within the sector's middle half▲ 3.7pp8.2%within the sector's middle half▼ 0.9pp7.6%within the sector's middle half▼ 0.6pp
Staff (FTE)3.5within the sector's middle half▲ 25.0%4.2within the sector's middle half▲ 20.0%3.8within the sector's middle half▼ 9.5%5.5within the sector's middle half▲ 44.7%4.6within the sector's middle half▼ 16.4%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 7% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €851,257
Fixed assets
€133,717 ▼ 11.5%
Current assets
€717,539 ▲ 10.6%
Equity and liabilities €851,257
Equity
€363,846 ▲ 21.7%
Provisions
€118,585 ▲ 4.8%
Debt
€368,826 ▼ 4.9%
Debt's share of the balance-sheet total falls from 48.5% to 43.3%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€144,554▲
2023 · €132,075
Cash flow
€114,347▲
2023 · €108,939
Quick ratio
1.88▲
2023 · 1.65
Debt to equity
1.01▼
2023 · 1.30
ROE
17.8%▼
2023 · 22.0%
Interest coverage
86.91▲
2023 · 24.48
Debt ≤ 1 year
€368,826▼
2023 · €377,416
Income taxes
€28,760▲
2023 · €20,000
Staff costs
€249,558▼
2023 · €263,945
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.7% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 34,696 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.
Filed annual accounts
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €163,086 | €176,973 | €263,945 | €249,558 | ▼ 5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,935 | €30,801 | €28,818 | €43,293 | €49,469 | ▲ 14.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €22,151 | €898 | €35,114 | €5,413 | ▼ 84.6% |
| Other operating charges640/8 | - | €2,773 | €3,529 | €4,990 | €2,864 | ▼ 42.6% |
| Gross operating margin9900 | €161,662 | €268,408 | €293,050 | €436,125 | €402,388 | ▼ 7.7% |
| Operating profit (loss)9901 | €23,330 | €49,598 | €82,833 | €88,782 | €95,085 | ▲ 7.1% |
| Financial income75/76B | - | €7,023 | €8,453 | €2,259 | €217 | ▼ 90.4% |
| Recurring financial income75 | €5,272 | €7,023 | €8,453 | €2,259 | €217 | ▼ 90.4% |
| Financial charges65/66B | - | €15,064 | €7,501 | €5,394 | €1,663 | ▼ 69.2% |
| Recurring financial charges65 | €1,888 | €15,064 | €7,501 | €5,394 | €1,663 | ▼ 69.2% |
| Profit (loss) for the period before taxes9903 | €26,714 | €41,557 | €83,785 | €85,646 | €93,638 | ▲ 9.3% |
| Income taxes67/77 | €6,115 | €11,208 | €18,873 | €20,000 | €28,760 | ▲ 43.8% |
| Profit (loss) for the period9904 | €20,598 | €30,350 | €64,912 | €65,646 | €64,878 | ▼ 1.2% |
| Profit (loss) for the period to be appropriated9905 | €20,598 | €30,350 | €64,912 | €65,646 | €64,878 | ▼ 1.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €444,635 | €564,842 | €716,100 | €800,120 | €851,257 | ▲ 6.4% |
| Fixed assets21/28 | €61,419 | €101,001 | €100,354 | €151,133 | €133,717 | ▼ 11.5% |
| Tangible fixed assets22/27 | €61,419 | €101,001 | €100,354 | €151,133 | €133,717 | ▼ 11.5% |
| Plant, machinery and equipment23 | - | €685 | €85 | €7,718 | €4,564 | ▼ 40.9% |
| Furniture and vehicles24 | - | €100,315 | €91,388 | €136,355 | €123,913 | ▼ 9.1% |
| Leasing and similar rights25 | - | - | €8,881 | €7,061 | €5,241 | ▼ 25.8% |
| Current assets29/58 | €383,217 | €463,841 | €615,747 | €648,987 | €717,539 | ▲ 10.6% |
| Stocks and contracts in progress3 | €5,280 | €24,875 | €24,875 | €24,875 | €24,875 | = |
| Contracts in progress37 | - | €24,875 | €24,875 | €24,875 | €24,875 | = |
| Amounts receivable within one year40/41 | €229,837 | €326,295 | €464,402 | €314,995 | €425,263 | ▲ 35.0% |
| Trade receivables40 | - | €270,107 | €398,264 | €279,161 | €380,215 | ▲ 36.2% |
| Other amounts receivable41 | - | €56,187 | €66,138 | €35,834 | €45,048 | ▲ 25.7% |
| Cash at bank and in hand54/58 | €137,796 | €106,180 | €119,605 | €299,589 | €238,903 | ▼ 20.3% |
| Deferred charges and accrued income490/1 | - | €6,491 | €6,865 | €9,528 | €28,498 | ▲ 199% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €444,635 | €564,842 | €716,100 | €800,120 | €851,257 | ▲ 6.4% |
| Equity10/15 | €138,059 | €168,409 | €233,321 | €298,968 | €363,846 | ▲ 21.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | - | - | - |
| Other1109/19 | - | €18,600 | €18,600 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €61,860 | ▲ 3,226% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | €60,000 | - |
| Profit (loss) carried forward14 | €117,599 | €147,949 | €212,861 | €278,508 | €283,386 | ▲ 1.8% |
| Provisions and deferred taxes16 | €55,009 | €77,160 | €78,058 | €113,172 | €118,585 | ▲ 4.8% |
| Provisions for liabilities and charges160/5 | - | €77,160 | €78,058 | €113,172 | €118,585 | ▲ 4.8% |
| Major repairs and maintenance162 | - | €77,160 | €78,058 | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €113,172 | €118,585 | ▲ 4.8% |
| Amounts payable17/49 | €251,567 | €319,273 | €404,722 | €387,981 | €368,826 | ▼ 4.9% |
| Amounts payable after more than one year17 | €12,219 | €34,315 | €29,571 | €10,565 | - | - |
| Financial debts170/4 | - | €34,315 | €29,571 | €10,565 | - | - |
| Amounts payable within one year42/48 | €239,347 | €283,949 | €375,151 | €377,416 | €368,826 | ▼ 2.3% |
| Current portion of amounts payable after more than one year42 | - | €22,609 | €24,434 | €19,006 | €10,565 | ▼ 44.4% |
| Trade debts44 | €208,397 | €240,734 | €330,274 | €232,113 | €288,181 | ▲ 24.2% |
| Suppliers440/4 | - | €240,734 | €330,274 | €232,113 | €288,181 | ▲ 24.2% |
| Taxes, remuneration and social security45 | - | €19,120 | €19,116 | €50,418 | €18,094 | ▼ 64.1% |
| Taxes450/3 | - | €11,208 | €1,668 | €6,443 | €8,760 | ▲ 36.0% |
| Remuneration and social security454/9 | - | €7,912 | €17,448 | €43,976 | €9,334 | ▼ 78.8% |
| Other amounts payable47/48 | - | €1,485 | €1,327 | €75,879 | €51,986 | ▼ 31.5% |
| Accrued charges and deferred income492/3 | - | €1,009 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,598 | €30,350 | €64,912 | €65,646 | €64,878 | ▼ 1.2% |
| + Depreciation and write-downs630 | €21,935 | €30,801 | €28,818 | €43,293 | €49,469 | ▲ 14.3% |
| Operating cash flow (approximation) | €42,533 | €61,151 | €93,730 | €108,939 | €114,347 | ▲ 5.0% |
| Investment in fixed assets (approximation) | - | -€70,383 | -€28,170 | -€94,073 | -€32,053 | ▲ 65.9% |
| Change in cash | - | -€31,615 | €13,424 | €179,984 | -€60,685 | ▼ 134% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
ISOLATIEWERKEN DECOCK
BE 0826.050.416
Anzegem · Eq €363,820
TELES SOUSA
BE 0837.067.834
Brussel · Eq €366,553
SUZAR PROTECT
BE 0797.790.752
Sprimont · Eq €360,508
ARA1000
BE 0644.553.914
Beersel · Eq €368,332
T F & R.
BE 0886.529.223
Peer · Eq €368,530
Of 4,274 companies in this sector we hold annual accounts for 1,240. 840 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
14 eventsLatest 28-06-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €65,646 ▲1.1%
Net result €65,646, the highest in the series.
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €200,000Eq €233,321 ▲38.5%
5 profitable years in a row build equity to €233,321.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €150,000Eq €168,409 ▲22%
4 profitable years in a row build equity to €168,409.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Equity above €100,000Eq €117,461 ▲20.4%
2 profitable years in a row build equity to €117,461.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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Support & recognitions
1 register with a recognition
Registered contractor
1
categories
Recognitions · licences · registrations
Recognised contractor
1 categoryBELTECHNIC SRLapproval no. 42257
Company details
Private limited company · founded 05-02-2013Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded05-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43230Insulation installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0503833143
Registered
24-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2013
Ground area
400 m²
Building footprint
400 m²
Volume, LiDAR
1,361 m³
Parcel 21304B0101/00Z003, Brussels · tallest building 7.7 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
BELTECHNIC
since 2013unit no. 2.216.489.788
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21304B0101/00Z003 | Brussels | 400 m² | 1 · 400 m² | 7.7 m · 1 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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check 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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