BELTOMEX · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of BELTOMEX is 0.1% (very low). The 2024 annual accounts show equity of €1.71M and a net result of €86k. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 71% of 197 sector peers (fiscal year 2024). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Signals

1 signal · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 19 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	19-06-2025	42 d early	2025-00152899
31-12-2023	31-07-2024	31-08-2024	31 d late	2024-00442455
31-12-2022	31-07-2023	31-08-2023	31 d late	2023-00433659
31-12-2021	31-07-2022	31-08-2022	31 d late	2022-20423602
31-12-2020	31-07-2021	23-08-2021	23 d late	2021-52100479
31-12-2019	31-07-2020	12-10-2020	73 d late	2020-60800330
31-12-2018	31-07-2019	22-08-2019	22 d late	2019-49400084
31-12-2017	31-07-2018	11-07-2018	20 d early	2018-31800348
31-12-2016	31-07-2017	19-06-2017	42 d early	2017-19000394
31-12-2015	31-07-2016	29-08-2016	29 d late	2016-52100319

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1989, 37 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.1% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Long track record −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€86k-74.0%

Working capital€495k-11.0%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 19-06-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~9.2%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

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).

Sector comparison

Fiscal year 2024 · NACE 01, Agriculture · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	56.0%	32.2%	better than 71% of 197 sector peers
Net result	€86k	€93k	better than 48% of 196 sector peers
Equity	€1.71M	€503k	better than 85% of 197 sector peers
Gross operating margin	€822k	€425k	better than 77% of 194 sector peers
Staff costs	€371k	€162k	higher than 70% of 128 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P71

Stable position over 2020-2024 · n=91-197

Net result P48

Improving position over 2020-2024 · n=91-196

Equity P85

Stable position over 2020-2024 · n=91-197

Gross operating margin P77

Stable position over 2020-2024 · n=90-194

Describes the position versus peers, not a forecast.

EBITDA

€411k

-38.3% 18-24

Net profit

€86k

-74.0% 18-24

Cash flow

€318k

-41.3% 18-24

Total assets

€3.05M

+6.6% 18-24

Equity

€1.71M

+5.3% 18-24

Working capital

€495k

-11.0% 18-24

Employees (FTE)

9

+5.7% 18-24

Staff costs

€371k

+11.9% 18-24

Show 11 other metrics

Income taxes

€73k

-29.4% 18-24

Debt

€1.34M

+8.2% 18-24

Debt ≤ 1y

€760k

+34.9% 18-24

Debt > 1y

€573k

-14.2% 18-24

Current ratio

1.65

-16.9% 18-24

Quick ratio

1.63

-17.1% 18-24

Solvency

56.0%

-1.2% 18-24

Debt / equity

0.79

+2.8% 18-24

ROE

5.0%

-75.3% 18-24

ROA

2.8%

-75.6% 18-24

Interest coverage

15.73

-30.5% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	verkort
Revenue	-
EBITDA	€411k
Net profit	€86k
Cash flow	€318k
Staff costs	€371k
Income taxes	€73k
Dividends	-
Total assets	€3.05M
Equity	€1.71M
Debt	€1.34M
of which ≤ 1y	€760k
of which > 1y	€573k
Working capital	€495k
Employees (FTE)	9.3

Ratios (computed)

	2024
Current ratio	1.65
Quick ratio	1.63
Working capital ratio	16.2%
Solvency	56.0%
Debt / equity	0.79
Long-term debt ratio	0.34
Interest coverage	15.73
Gross margin	-
Net margin	-
ROA	2.8%
ROE	5.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €1.80M · 58.9% Current assets €1.26M · 41.2%

Equity & liabilities

Equity €1.71M · 56.0% Debt €1.34M · 44.0%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€3.05M
Fixed assets	21/28	€1.80M
Tangible fixed assets	22/27	€1.79M
Financial fixed assets	28	€1k
Current assets	29/58	€1.26M
Stocks & contracts in progress	3	€15k
Amounts receivable within one year	40/41	€453k
Cash & bank	54/58	€731k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€3.05M
Equity	10/15	€1.71M
Contributions / capital	10/11	€87k
Reserves	13	€1.19M
Amounts payable	17/49	€1.34M
Amounts payable after one year	17	€573k
Amounts payable within one year	42/48	€760k
Trade debts payable within one year	44	€438k
Income statement
Gross operating margin	9900	€822k
Operating result	9901	€179k
Financial income	75	€6k
Financial charges	65	€26k
Result before taxes	9903	€158k
Income taxes	67/77	€73k
Net result for the period	9904	€86k
Result to be appropriated	9905	€92k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

86 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

4 directors

2 of this company's 2 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Current directors & mandates

B.D.W. HOLDINGLegal entity
Director· perm. rep.: Erik De Winter
State Gazette act 26014806 (29-01-2026)

Current
29-01-2026 → present

Historic, not recently confirmed (1)

These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.

Camen Van Oostveldt
Manager
State Gazette act 10054676 (15-04-2010)

Not recently confirmed
last confirmed in an act from 2010

Former directors (2)

Carmen Van Oostveldt
Director
State Gazette act 26014806 (29-01-2026)

Former
- → 30-12-2025
Philip Hagers
Director
State Gazette act 26014806 (29-01-2026)

Former
- → 30-12-2025

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Teelt van groenten, meloenen en wortel- en knolgewassen(01130)
Legal form	Private limited company (pre-2019)(015)
Incorporation	16-06-1989
Status	Active
Postal code	2590

Structure & network

Connections & network

3 connected companies

Group structureShared directors

Group structure

B.D.W. HOLDING

Sits on the board · 3 subsidiaries · 1 location

Control→

Network connections

RODITO GROENTEN

Shared corporate director

→

ROVANA

Shared corporate director

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

1 party

Control over this companysits on this company's board1

B.D.W. HOLDING

3 subsidiaries · 1 location

controls

BELTOMEXBE 0437.747.340

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

2 companies at this address See who is registered here

Establishment units

1 location

BVBA BELTOMEX

Huttestraat 10, 2590 BerlaarTeelt van groenten, meloenen en wortel- en knolgewassen

since 19892.044.111.682

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area153 m²

Buildings1

Building footprint153 m²

Volume (LiDAR)872 m³

Tallest building8.6 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Flanders 1 (100%)