Beltramex
ActiveSummary
Beltramex has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€39,444) and a net result of -€236. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Age of the figures
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€39,444
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
17 d early
2023
13 d late
2022
39 d early
2021
16 d late
2020
17 d late
2019
2 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 4 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 14 July (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€185,104
EBIT margin
-57.2%
Net result
-€236▲ 89.2%
2024 · -€2,181
Working capital
-€39,444▼ 0.6%
2024 · -€39,208
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€23,356▲ 40.9%-€67▲ 99.7%-€563▼ 741%-€2,171▼ 286%-€194▲ 91.1%
Net result-€23,419below the sector's middle half▲ 40.8%-€117within the sector's middle half▲ 99.5%-€727within the sector's middle half▼ 519%-€2,181within the sector's middle half▼ 200%-€236below the sector's middle half▲ 89.2%
EBIT margin
Equity-€36,183below the sector's middle half▼ 183%-€36,301below the sector's middle half▼ 0.3%-€37,027below the sector's middle half▼ 2.0%-€39,208below the sector's middle half▼ 5.9%-€39,444below the sector's middle half▼ 0.6%
Total assets€966below the sector's middle half▼ 96.5%€200below the sector's middle half▼ 79.3%€241below the sector's middle half▲ 20.7%€1,044below the sector's middle half▲ 333%€723below the sector's middle half▼ 30.8%
Debt€37,149▼ 8.2%€36,500▼ 1.7%€37,268▲ 2.1%€40,252▲ 8.0%€40,167▼ 0.2%
Working capital-€36,183below the sector's middle half▼ 118%-€36,301below the sector's middle half▼ 0.3%-€37,027below the sector's middle half▼ 2.0%-€39,208below the sector's middle half▼ 5.9%-€39,444below the sector's middle half▼ 0.6%
Solvency
Current ratio
Return on assets (ROA)
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €194 in 2025 against €2,171 in 2024; the loss shrinks.
Key figures and ratios
Debt ≤ 1 year
€40,167▼
2024 · €40,252
Ratios withheld: a balance sheet total of €723 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,662 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% | 1.7% |
| 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 75% 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 6,639 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,126 | - | - | - | - | - |
| Other operating charges640/8 | €900 | €450 | €499 | €513 | €128 | ▼ 75.1% |
| Gross operating margin9900 | -€21,330 | €383 | -€64 | -€1,658 | -€66 | ▲ 96.0% |
| Operating profit (loss)9901 | -€23,356 | -€67 | -€563 | -€2,171 | -€194 | ▲ 91.1% |
| Financial charges65/66B | €63 | €51 | €164 | €9 | €42 | ▲ 345% |
| Recurring financial charges65 | €63 | €51 | €164 | €9 | €42 | ▲ 345% |
| Profit (loss) for the period before taxes9903 | -€23,419 | -€117 | -€727 | -€2,181 | -€236 | ▲ 89.2% |
| Profit (loss) for the period9904 | -€23,419 | -€117 | -€727 | -€2,181 | -€236 | ▲ 89.2% |
| Profit (loss) for the period to be appropriated9905 | -€23,419 | -€117 | -€727 | -€2,181 | -€236 | ▲ 89.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €966 | €200 | €241 | €1,044 | €723 | ▼ 30.8% |
| Current assets29/58 | €966 | €200 | €241 | €1,044 | €723 | ▼ 30.8% |
| Amounts receivable within one year40/41 | €154 | €184 | €184 | €467 | €467 | = |
| Other amounts receivable41 | €154 | €184 | €184 | €467 | €467 | = |
| Cash at bank and in hand54/58 | €16 | €16 | €57 | €577 | €256 | ▼ 55.7% |
| Deferred charges and accrued income490/1 | €796 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €966 | €200 | €241 | €1,044 | €723 | ▼ 30.8% |
| Equity10/15 | -€36,183 | -€36,301 | -€37,027 | -€39,208 | -€39,444 | ▼ 0.6% |
| Contributions10/11 | €655,355 | €655,355 | €655,355 | €655,355 | €655,355 | = |
| Capital10 | €655,355 | €655,355 | €655,355 | €655,355 | €655,355 | = |
| Issued capital100 | €655,355 | €655,355 | €655,355 | €655,355 | €655,355 | = |
| Reserves13 | €23,711 | €23,711 | €23,711 | €23,711 | €23,711 | = |
| Non-distributable reserves130/1 | €10,535 | €10,535 | €10,535 | €10,535 | €10,535 | = |
| Legal reserve130 | €10,535 | €10,535 | €10,535 | €10,535 | €10,535 | = |
| Distributable reserves133 | €13,175 | €13,175 | €13,175 | €13,175 | €13,175 | = |
| Profit (loss) carried forward14 | -€715,249 | -€715,366 | -€716,093 | -€718,274 | -€718,510 | = |
| Amounts payable17/49 | €37,149 | €36,500 | €37,268 | €40,252 | €40,167 | ▼ 0.2% |
| Amounts payable within one year42/48 | €37,149 | €36,500 | €37,268 | €40,252 | €40,167 | ▼ 0.2% |
| Trade debts44 | €1,466 | €359 | €115 | €513 | €128 | ▼ 75.1% |
| Suppliers440/4 | €1,466 | €359 | €115 | €513 | €128 | ▼ 75.1% |
| Other amounts payable47/48 | €35,683 | €36,142 | €37,153 | €39,739 | €40,039 | ▲ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€23,419 | -€117 | -€727 | -€2,181 | -€236 | ▲ 89.2% |
| Operating cash flow (approximation) | -€23,419 | -€117 | -€727 | -€2,181 | -€236 | ▲ 89.2% |
| Change in cash | - | -€1 | €41 | €520 | -€321 | ▼ 162% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€107,197
Net result drops to -€107,197, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
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 3 acts read
About the unread acts
We know of 3 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
3 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, Kortemark · 1 establishment unit since 1980
Ground area
9,057 m²
Building footprint
4,193 m²
Volume, LiDAR
32,795 m³
Parcel 32011D0771/00B000, Flanders · tallest building 8.7 m, ±3 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
BELTRAMEX NV
since 19802.018.029.174
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32011D0771/00B000 | Flanders | 9,057 m² | 1 · 4,193 m² | 8.7 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.
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Of 10,663 companies in sector 47811 we hold annual accounts for 5,225. 2,892 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-10-1980
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420844495
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.