Result
-€308,764 -€308,764
From profit to loss in 2025, after a profit of €131,673 in 2024.
BELTING
Lifetime
19 annual accounts with figures on one time axispeak €3.1m (2022)
-not published
lowest -€308,764 (2025)
-€308,764▼ €440,437
peak €2.5m (2024)
€2.2m▼ 12.2%
€1.2m▼ 11.6%
peak 29.9 FTE (2023)
29.1 FTE▲ 2.1%
Board7 names since 2020
2 directorsMenno Peeters and 1 other
Owners6 names in the annual accounts
consolidatesAmmega Group BV
Documentsfilings and deeds
01-07-202630 days before the deadline
2025financial year
Loss of €308,764Equity from €2.5m to €2.2m
Key points
from the 2025 annual accountsStaff
28 employees on 31-12-2025
In 2025, 7 people joined and 9 left. On top of that, 1.8 agency workers worked there on average.
Payment terms
36 days to suppliers
BELTING pays its suppliers 26 days earlier than in 2024. Customers pay 22 days earlier.
Filings
19 annual accounts since 2007
The 2017 accounts came 52 days late. The other nine of the last ten were filed on time.
At the same address
7 companies
Position in the sector
-€308,764
Lower net result than 86% of companies in machinery and equipment. Sector median €150,798 · 384 companies.
Checked score
70
Healthy
Financially stronger than 49% of small companies in machinery and equipment (NACE 28)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 290 companies (NACE 28, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.4%▲ +0.1 percentage points vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.5%▲ +0.1 percentage points vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.2%▼ -0.3 percentage points vs 06-2026
08-2026: 0.6%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.6%● unchanged vs 08-2026highest value
10-2026: 0.6%● unchanged vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Loss of €308,764 (financial year 2025)
Size: turnover €7.3m, 29.1 FTE, total assets €3.5m
lowers risk
Equity €2.2m (63.7% of total assets)
Founded in 2005
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 28, small). It does better than 78% of them on solvency, 56% on liquidity, 24% on profitability and 36% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as BELTING has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BELTING itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for BELTING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €150,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.23 (2.29 in 2024), above the usual 1.5. Short-term debt is 32.1% and cash 9.4% of total assets. 36.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 days early
2024
6 days early
2023
50 days early
2022
7 days early
2021
30 days early
2020
29 days early
2019
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 28), the median for financial year 2024 was 11 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Ammega Group BV consolidatesannual accounts 2025
Shares in 1 company, Campion SARL
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0873667419
Appointment: KPMG Bedrijfsrevisoren (statutory auditor)
General meeting of 02-06-2026 · Gazette deed
Registered office moved from Kortrijk to Kuurne
New registered office: Noordlaan 5, 8520 Kuurne · Previous registered office: Watermolenstraat 47, 8500 Kortrijk · Resignation: Samsara BV (managing director) · Board meeting of 01-05-2024 · Gazette deed
Amendment of the articles · Legal-form change
General meeting of 27-10-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BELTING Kuurne | €7.3m | -3.4% | 63.7% | 29.1 |
| SHUTTLEWORTH EUROPE N.V. Zulte | €9.7m | 6.2% | 71.8% | 23.2 |
| Easy Systems Benelux Geel | €13.2m | 1.5% | 18.5% | 41.9 |
| RDL ENGINEERING Izegem | €3.9m | -1.8% | 50.3% | 20.8 |
| JLG Ground Support Europe Genk | €12.7m | 4.0% | 76.7% | 49.5 |
| W.T.S. NV Antwerp | - | - | 38.7% | 26.2 |
| ATS RAUW Bullange | €14.9m | 9.4% | 51.0% | 33.5 |
Grey: the largest companies of the sector (machinery and equipment (NACE 28)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as BELTING: manufacture of machinery and equipment not elsewhere classified (NACE 28220). They are comparable in size and age: total assets between €3.2m and €8.2m, founded between 1986 and 2014.
Official details
Source: KBO- Status
- Active since 04-05-2005Normal situation
- Activity
- Manufacture of machinery and equipment not elsewhere classifiedNACE 28220and 4 others
- Joint committees
- 116Chemical industry
- 207White-collar workers in the chemical industry · annual accounts 2025
- Establishment unit
- 2.147.277.5188500 Kortrijk, since 18-05-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €3.5m▼ 11.9%
- Employeeson 31-12-2025
- 28▼ 6.7%
- Filing
- Filed on 01-07-2026, 30 days before the end of the filing period
Insights on BELTING
BELTING has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of -€308,764.
Equity grew by about 8.3% per year on average since 2018. In 2025 it fell by 12.2%. Its solvency ranks better than 80% of 384 sector peers (NACE 28, financial year 2025).
The computed 12-month bankruptcy probability is 0.6% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BELTING
- What is the company number of BELTING?
- The company number of BELTING is 0873.667.419. The VAT number is the same number with BE in front: BE 0873.667.419.
- Where is BELTING based?
- The registered office is at Noordlaan 5, 8520 Kuurne.Company details
- What does BELTING do?
- According to the KBO register, the main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28220).
- What is the legal form of BELTING?
- BELTING is a private limited company (BV).
- When was BELTING founded?
- BELTING was founded on 04-05-2005.
- Is BELTING still active?
- Yes, BELTING is an active enterprise in the KBO register.
- How many employees does BELTING have?
- BELTING had an average of 29.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BELTING fall under?
- In its 2025 annual accounts, BELTING states joint committees 116 (Chemical industry) and 207 (White-collar workers in the chemical industry).
- What is the turnover of BELTING?
- The turnover of BELTING was €7.3m in financial year 2025, according to the filed annual accounts.
- Is BELTING profitable?
- In financial year 2025, BELTING made a loss of €308,764.
- Where can I find the annual accounts of BELTING?
- BELTING filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BELTING due?
- BELTING must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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