BELTEK
ActiveSummary
BELTEK has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.5m and a net result of €1.0m. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 66% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+3
Solvency76▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260,000 at 30 days acceptable
Liquidity ample (current ratio 2.03 against 2.27 in 2024; short-term debt: 47.1% and cash: 4.4% of total assets), and 48.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51.5%
Return on assets
15.3%
Age of the figures
9 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
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
13 d early
2023
114 d early
2022
3 d early
2021
32 d early
2020
43 d early
2019
29 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 34 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#5 company by equity in Londerzeel, Real estate sector#10 company by total assets in Londerzeel, Real estate sector
Equity
€3.5m▲ 17.5%
2024 · €3.0m
Total assets
€6.8m▲ 25.8%
2024 · €5.4m
Net result
€1.0m▲ 45.3%
2024 · €717,560
Working capital
€3.3m▲ 16.6%
2024 · €2.8m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€960,421▲ 9.2%€219,171▼ 77.2%€475,116▲ 117%€923,697▲ 94.4%€1.2m▲ 35.1%
Net result€807,942▲ 19.2%€171,572▼ 78.8%€432,289▲ 152%€717,560▲ 66.0%€1.0m▲ 45.3%
Equity€2.3m▲ 22.3%€2.4m▲ 4.4%€2.4m▼ 1.3%€3.0m▲ 24.0%€3.5m▲ 17.5%
Total assets€4.4m▲ 32.5%€4.4m▼ 1.3%€4.4m▲ 0.9%€5.4m▲ 23.2%€6.8m▲ 25.8%
Debt€2.1m▲ 46.4%€1.9m▼ 7.6%€2.0m▲ 3.6%€2.4m▲ 22.2%€3.3m▲ 36.1%
Working capital€2.3m▲ 24.0%€2.4m▲ 4.8%€2.1m▼ 11.4%€2.8m▲ 31.9%€3.3m▲ 16.6%
Staff (FTE)2.7▲ 80.0%1.9▼ 29.6%2.8▲ 47.4%2.3▼ 17.9%3.1▲ 34.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result +66% on 2023. Cause not known from the registers.
- 2023 Net result +152% on 2022. The previous fiscal year ran 15 months, this one 12.
- 2022 Net result -79% on 2021. This fiscal year ran 15 months, the previous one 12.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 35% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.8m
Fixed assets
€306,595 ▼ 14.9%
Current assets
€6.5m ▲ 28.8%
Equity and liabilities €6.8m
Equity
€3.5m ▲ 17.5%
Debt
€3.3m ▲ 36.1%
Debt's share of the balance-sheet total rises from 44.9% to 48.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.3m▲
2024 · €1.0m
Cash flow
€1.1m▲
2024 · €806,134
Current ratio
2.03▼
2024 · 2.27
Quick ratio
1.15▼
2024 · 1.80
Debt to equity
0.94▲
2024 · 0.81
ROE
29.8%▲
2024 · 24.1%
ROA
15.3%▲
2024 · 13.3%
Interest coverage
32.80▼
2024 · 35.86
Debt ≤ 1 year
€3.2m▲
2024 · €2.2m
Debt > 1 year
€98,278▼
2024 · €203,956
Income taxes
€171,580▼
2024 · €197,123
Staff costs
€162,463▲
2024 · €110,057
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% 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
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
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%.
| 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 34,672 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €500 | - |
| Remuneration, social security and pensions62 | - | €144,009 | €146,099 | €110,057 | €162,463 | ▲ 47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,033 | €4,470 | €74,437 | €88,574 | €86,963 | ▼ 1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€104,229 | €0 | €117,012 | €128,886 | ▲ 10.1% |
| Other operating charges640/8 | - | €292 | €2,697 | €15,100 | €2,869 | ▼ 81.0% |
| Non-recurring operating charges66A | - | - | - | €12,776 | €1,246 | ▼ 90.2% |
| Gross operating margin9900 | €1.3m | €263,713 | €698,349 | €1.3m | €1.6m | ▲ 28.7% |
| Operating profit (loss)9901 | €960,421 | €219,171 | €475,116 | €923,697 | €1.2m | ▲ 35.1% |
| Financial income75/76B | - | €20,013 | €5,568 | €19,212 | €6,868 | ▼ 64.3% |
| Recurring financial income75 | €1,717 | €20,013 | €5,568 | €19,212 | €6,868 | ▼ 64.3% |
| Financial charges65/66B | - | €31,891 | €48,067 | €28,226 | €40,709 | ▲ 44.2% |
| Recurring financial charges65 | €5,080 | €31,891 | €48,067 | €28,226 | €40,709 | ▲ 44.2% |
| Profit (loss) for the period before taxes9903 | €957,057 | €207,292 | €432,617 | €914,683 | €1.2m | ▲ 32.8% |
| Income taxes67/77 | €149,115 | €35,721 | €329 | €197,123 | €171,580 | ▼ 13.0% |
| Profit (loss) for the period9904 | €807,942 | €171,572 | €432,289 | €717,560 | €1.0m | ▲ 45.3% |
| Profit (loss) for the period to be appropriated9905 | €807,942 | €171,572 | €432,289 | €717,560 | €1.0m | ▲ 45.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.4m | €4.4m | €4.4m | €5.4m | €6.8m | ▲ 25.8% |
| Fixed assets21/28 | €25,005 | €15,701 | €568,728 | €360,402 | €306,595 | ▼ 14.9% |
| Tangible fixed assets22/27 | €20,170 | €15,701 | €204,086 | €115,512 | €31,181 | ▼ 73.0% |
| Plant, machinery and equipment23 | - | €1,883 | €194,697 | €108,801 | €25,480 | ▼ 76.6% |
| Furniture and vehicles24 | - | €4,832 | €1,668 | €0 | - | - |
| Other tangible fixed assets26 | - | €8,985 | €7,721 | €6,711 | €5,702 | ▼ 15.0% |
| Financial fixed assets28 | €4,835 | €0 | €364,643 | €244,890 | €275,413 | ▲ 12.5% |
| Current assets29/58 | €4.4m | €4.3m | €3.8m | €5.1m | €6.5m | ▲ 28.8% |
| Amounts receivable after more than one year29 | - | €38,514 | €38,514 | €0 | - | - |
| Trade receivables290 | - | €38,514 | €38,514 | €0 | - | - |
| Stocks and contracts in progress3 | €557,896 | €1.2m | €491,477 | €1.1m | €2.8m | ▲ 167% |
| Contracts in progress37 | - | €1.2m | €491,477 | €1.1m | €2.8m | ▲ 167% |
| Amounts receivable within one year40/41 | €3.3m | €2.7m | €2.9m | €3.1m | €3.4m | ▲ 7.7% |
| Trade receivables40 | - | €2.5m | €2.4m | €3.0m | €3.1m | ▲ 2.6% |
| Other amounts receivable41 | - | €200,313 | €453,755 | €87,209 | €249,685 | ▲ 186% |
| Cash at bank and in hand54/58 | €503,272 | €394,537 | €412,051 | €846,340 | €298,882 | ▼ 64.7% |
| Deferred charges and accrued income490/1 | - | €1,661 | €16,733 | €18,495 | €13,849 | ▼ 25.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.4m | €4.4m | €4.4m | €5.4m | €6.8m | ▲ 25.8% |
| Equity10/15 | €2.3m | €2.4m | €2.4m | €3.0m | €3.5m | ▲ 17.5% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €2.3m | €2.4m | €2.4m | €3.0m | €3.5m | ▲ 17.5% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €2.4m | €2.4m | €3.0m | €3.5m | ▲ 17.5% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €2.1m | €1.9m | €2.0m | €2.4m | €3.3m | ▲ 36.1% |
| Amounts payable after more than one year17 | - | - | €305,512 | €203,956 | €98,278 | ▼ 51.8% |
| Financial debts170/4 | - | - | €305,512 | €203,956 | €98,278 | ▼ 51.8% |
| Amounts payable within one year42/48 | €2.1m | €1.9m | €1.7m | €2.2m | €3.2m | ▲ 44.2% |
| Current portion of amounts payable after more than one year42 | - | €46,794 | €222,978 | €101,556 | €172,926 | ▲ 70.3% |
| Financial debts43 | - | €500,000 | €0 | €100,000 | €700,000 | ▲ 600% |
| Credit institutions430/8 | - | €500,000 | €0 | €100,000 | €700,000 | ▲ 600% |
| Trade debts44 | €1.5m | €1.4m | €1.0m | €2.0m | €2.1m | ▲ 6.3% |
| Suppliers440/4 | - | €1.4m | €1.0m | €2.0m | €2.1m | ▲ 6.3% |
| Taxes, remuneration and social security45 | - | €18,637 | €15,988 | €16,377 | €19,741 | ▲ 20.5% |
| Taxes450/3 | - | €1,382 | €1,051 | €7,476 | €4,131 | ▼ 44.7% |
| Remuneration and social security454/9 | - | €17,255 | €14,937 | €8,901 | €15,610 | ▲ 75.4% |
| Other amounts payable47/48 | - | €0 | €393,302 | €14,097 | €195,402 | ▲ 1,286% |
| Accrued charges and deferred income492/3 | - | - | €1,189 | €450 | €513 | ▲ 13.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €807,942 | €171,572 | €432,289 | €717,560 | €1.0m | ▲ 45.3% |
| + Depreciation and write-downs630 | €49,033 | €4,470 | €74,437 | €88,574 | €86,963 | ▼ 1.8% |
| Operating cash flow (approximation) | €856,975 | €176,042 | €506,726 | €806,134 | €1.1m | ▲ 40.1% |
| Investment in fixed assets (approximation) | - | €4,835 | -€627,465 | €119,752 | -€33,156 | ▼ 128% |
| Change in cash | - | -€108,735 | €17,514 | €434,290 | -€547,458 | ▼ 226% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €1.0m ▲45.3%
Operating result €1.2m, net result €1.0m, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €171,572 ▼78.8%
Net result drops to €171,572, the lowest in the series; recovery starts the following year.
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €2mEq €2.3m ▲22.3%
4 profitable years in a row build equity to €2.3m.
18-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €1mEq €1.4m ▲94%
2 profitable years in a row build equity to €1.4m.
15-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Londerzeel · 1 establishment unit since 2013
Ground area
115 m²
Building footprint
47 m²
Volume, LiDAR
400 m³
Parcel 23048C0317/00S000, Flanders · tallest building 8.6 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BELTEK
since 20132.217.025.169
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23048C0317/00S000 | Flanders | 115 m² | 1 · 47 m² | 8.6 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 2,029 EUR awarded · 2,029 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,600 EUR | 2,029 EUR |
| 2022 | 1 | 429 EUR | 0 EUR |
Recognitions · licences · registrations
Recognised contractor
2 categoriesBELTEK BV41144
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 2,259 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
Founded17-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
43990Other specialised construction activities
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0502552842
Also
9925:BE0502552842
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.