BELURBA
ActiveSummary
BELURBA has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.08M and a net result of €903k. Equity is growing by ~43.9% per year across the filed fiscal years. Its solvency ranks better than 39% of 9038 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+2
Solvency59▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.4 in 2023; short-term debt: 54.8% and cash: 3.3% of total assets), but 66% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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 2024Solvency, return and age of the figures
Solvency
34%
Return on assets
28.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
29 d early
2022
4 d early
2021
26 d late
2020
11 d early
2019
14 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.08M▲ 48.7%
2023 · €725k
2018: €157k
2019: €169k
2020: €232k
2021: €351k
2022: €505k
2023: €725k
2018 → 2024
Total assets
€3.17M▲ 7.3%
2023 · €2.95M
2018: €1.33M
2019: €1.43M
2020: €1.22M
2021: €1.61M
2022: €2.05M
2023: €2.95M
2018 → 2024
Net result
€903k▲ 30.0%
2023 · €694k
2018: €132k
2019: €13k
2020: €63k
2021: €419k
2022: €429k
2023: €694k
2018 → 2024
Working capital
€1.01M▲ 41.8%
2023 · €715k
2018: €187k
2019: €365k
2020: €104k
2021: €224k
2022: €364k
2023: €715k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€232k-€351k▲ 51.2%€505k▲ 43.9%€725k▲ 43.4%€1.08M▲ 48.7%
Operating result€109k-€498k▲ 358%€517k▲ 3.8%€797k▲ 54.1%€1.08M▲ 35.3%
Net result€63k-€419k▲ 568%€429k▲ 2.4%€694k▲ 61.8%€903k▲ 30.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 35% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.17M
Fixed assets
€419k ▼ 4.8%
Current assets
€2.75M ▲ 9.4%
Equity and liabilities €3.17M
Equity
€1.08M ▲ 48.7%
Debt
€2.09M ▼ 6.1%
Debt's share of the balance-sheet total falls from 75.5% to 66.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.22M▲
2023 · €907k
Cash flow
€1.05M▲
2023 · €804k
Current ratio
1.58▲
2023 · 1.40
Quick ratio
1.19▲
2023 · 0.98
Debt to equity
1.94▼
2023 · 3.07
ROE
83.8%▼
2023 · 95.8%
ROA
28.5%▲
2023 · 23.5%
Interest coverage
15.35▲
2023 · 15.05
Debt ≤ 1 year
€1.74M▼
2023 · €1.80M
Debt > 1 year
€355k▼
2023 · €430k
Income taxes
€96k▲
2023 · €46k
Staff costs
€1.31M▲
2023 · €985k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 57 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.95M€3.17M▲
Fixed assets21/28€440k€419k▼
Tangible fixed assets22/27€432k€411k▼
Land and buildings22€1k-
Plant, machinery and equipment23€206k€203k▼
Furniture and vehicles24€107k€121k▲
Leasing and similar rights25€118k€88k▼
Financial fixed assets28€8k€8k▲
Current assets29/58€2.51M€2.75M▲
Stocks and contracts in progress3€750k€693k▼
Stocks30/36€750k€693k▼
Amounts receivable within one year40/41€1.56M€1.95M▲
Trade receivables40€1.54M€1.94M▲
Other amounts receivable41€20k€4k▼
Cash at bank and in hand54/58€190k€105k▼
Deferred charges and accrued income490/1€9k€3k▼
Equity and liabilities
Total equity and liabilities10/49€2.95M€3.17M▲
Equity10/15€725k€1.08M▲
Contributions10/11€19k€19k=
Reserves13€706k€1.06M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€11k€11k=
Distributable reserves133€693k€1.05M▲
Amounts payable17/49€2.23M€2.09M▼
Amounts payable after more than one year17€430k€355k▼
Financial debts170/4€430k€355k▼
Amounts payable within one year42/48€1.80M€1.74M▼
Current portion of amounts payable after more than one year42€76k€75k▼
Financial debts43€25k€45k▲
Credit institutions430/8€25k€45k▲
Trade debts44€1.04M€780k▼
Suppliers440/4€1.04M€780k▼
Advances received on contracts in progress46-€3k
Taxes, remuneration and social security45€101k€118k▲
Taxes450/3€13k€6k▼
Remuneration and social security454/9€88k€113k▲
Other amounts payable47/48€560k€715k▲
Income statement
Code20232024
Remuneration, social security and pensions62€985k€1.31M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€110k€145k▲
Other operating charges640/8€3k€6k▲
Gross operating margin9900€1.89M€2.53M▲
Operating profit (loss)9901€797k€1.08M▲
Financial income75/76B€3k€46▼
Recurring financial income75€3k€46▼
Financial charges65/66B€60k€80k▲
Recurring financial charges65€60k€80k▲
Profit (loss) for the period before taxes9903€740k€999k▲
Income taxes67/77€46k€96k▲
Profit (loss) for the period9904€694k€903k▲
Profit (loss) for the period to be appropriated9905€694k€903k▲
Appropriation of the result
Profit (loss) to be appropriated9906€694k€903k▲
Transfer to equity691/2€219k€353k▲
To other reserves6921€219k€353k▲
Profit to be distributed694/7€475k€550k▲
Directors or managers695€475k€550k▲
Social balance
Average headcount (FTE)908715.020.6▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €903k ▲30%
Operating result €1.08M, net result €903k, both a record.
31-12
Financial
Equity above €1MEq €1.08M ▲48.7%
7 profitable years in a row build equity to €1.08M.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €505k ▲43.9%
5 profitable years in a row build equity to €505k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €232k ▲37%
3 profitable years in a row build equity to €232k.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €13k ▼90.3%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 22 days late
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Hamont-Achel · 1 establishment unit since 2003
Ground area
4,510 m²
Building footprint
2,253 m²
Volume, LiDAR
13,290 m³
Parcel 72001A0029/00M000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Belurba
since 20032.132.949.628
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72001A0029/00M000 | Flanders | 4,510 m² | 1 · 2,253 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2023 to 2025 · 9 entries · 182,927 EUR awarded · 146,901 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 205 EUR | 205 EUR |
| 2024 | 2 | 2,784 EUR | 72,784 EUR |
| 2023 | 4 | 179,938 EUR | 73,912 EUR |
Schemes
Ontwikkelingsproject
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Stagebonus (stopgezet)
Recognitions · licences · registrations
Recognised contractor
12 categoriesBELURBA BV#10318
BELURBA BV40641
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JOFA
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SOLCARBON
BE 0835.967.972
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Best Matic
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Of 1,565 companies in sector 46900 we hold annual accounts for 920. 611 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-08-2003
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
46900Non-specialised wholesale trade
25401Forging of metal
42130Civil engineering
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.