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 €1.1m and a net result of €902,968. Equity is growing by ~43.9% per year across the filed fiscal years. Its solvency ranks better than 39% of 9084 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
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 €70,000 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.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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
Wholesale trade (NACE 46)
about 21% more 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 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 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 3 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#1 fastest grower in Hamont-Achel#4 employer in Hamont-Achel, Wholesale and retail trade sector#8 company by total assets in Hamont-Achel, Wholesale and retail trade sector
Equity
€1.1m▲ 48.7%
2023 · €724,526
Total assets
€3.2m▲ 7.3%
2023 · €3.0m
Net result
€902,968▲ 30.0%
2023 · €694,327
Working capital
€1.0m▲ 41.8%
2023 · €715,174
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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
Line20202021202220232024
Operating result€108,807▲ 216%€497,978▲ 358%€517,132▲ 3.8%€797,043▲ 54.1%€1.1m▲ 35.3%
Net result€62,712within the sector's middle half▲ 389%€418,917above the sector's middle half▲ 568%€429,115above the sector's middle half▲ 2.4%€694,327above the sector's middle half▲ 61.8%€902,968above the sector's middle half▲ 30.0%
Equity€232,168within the sector's middle half▲ 37.0%€351,085within the sector's middle half▲ 51.2%€505,200within the sector's middle half▲ 43.9%€724,526within the sector's middle half▲ 43.4%€1.1mwithin the sector's middle half▲ 48.7%
Total assets€1.2mwithin the sector's middle half▼ 15.1%€1.6mwithin the sector's middle half▲ 32.5%€2.0mwithin the sector's middle half▲ 27.2%€3.0mabove the sector's middle half▲ 44.0%€3.2mabove the sector's middle half▲ 7.3%
Debt€983,740▼ 22.1%€1.3m▲ 28.1%€1.5m▲ 22.6%€2.2m▲ 44.2%€2.1m▼ 6.1%
Working capital€104,202within the sector's middle half▼ 71.5%€223,930within the sector's middle half▲ 115%€363,591within the sector's middle half▲ 62.4%€715,174within the sector's middle half▲ 96.7%€1.0mabove the sector's middle half▲ 41.8%
Solvency19.1%within the sector's middle half▲ 7.3pp21.8%within the sector's middle half▲ 2.7pp24.6%within the sector's middle half▲ 2.9pp24.5%within the sector's middle half▼ 0.1pp34.0%within the sector's middle half▲ 9.5pp
Current ratio1.11below the sector's middle half▼ 0.271.18within the sector's middle half▲ 0.071.25within the sector's middle half▲ 0.071.40within the sector's middle half▲ 0.151.58within the sector's middle half▲ 0.19
Return on assets (ROA)5.2%within the sector's middle half▲ 4.3pp26.0%above the sector's middle half▲ 20.8pp20.9%above the sector's middle half▼ 5.1pp23.5%above the sector's middle half▲ 2.6pp28.5%above the sector's middle half▲ 5.0pp
Staff (FTE)6.7within the sector's middle half▲ 1.5%10.2above the sector's middle half▲ 52.2%14.5above the sector's middle half▲ 42.2%15above the sector's middle half▲ 3.4%20.6above the sector's middle half▲ 37.3%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
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 €3.2m
Fixed assets
€418,621 ▼ 4.8%
Current assets
€2.7m ▲ 9.4%
Equity and liabilities €3.2m
Equity
€1.1m ▲ 48.7%
Debt
€2.1m ▼ 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
€1.2m▲
2023 · €907,063
Cash flow
€1.0m▲
2023 · €804,347
Quick ratio
1.19▲
2023 · 0.98
Debt to equity
1.94▼
2023 · 3.07
ROE
83.8%▼
2023 · 95.8%
Interest coverage
15.35▲
2023 · 15.05
Debt ≤ 1 year
€1.7m▼
2023 · €1.8m
Debt > 1 year
€354,921▼
2023 · €430,184
Income taxes
€95,640▲
2023 · €45,632
Staff costs
€1.3m▲
2023 · €984,988
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 20,134 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €553,384 | €793,358 | €984,988 | €1.3m | ▲ 32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,862 | €39,003 | €56,632 | €110,020 | €145,456 | ▲ 32.2% |
| Other operating charges640/8 | - | €9,050 | €10,158 | €2,764 | €5,942 | ▲ 115% |
| Gross operating margin9900 | €454,900 | €1.1m | €1.4m | €1.9m | €2.5m | ▲ 33.8% |
| Operating profit (loss)9901 | €108,807 | €497,978 | €517,132 | €797,043 | €1.1m | ▲ 35.3% |
| Financial income75/76B | - | €1,350 | €0 | €3,200 | €46 | ▼ 98.5% |
| Recurring financial income75 | €2,757 | €1,350 | €0 | €3,200 | €46 | ▼ 98.5% |
| Financial charges65/66B | - | €39,484 | €40,915 | €60,285 | €79,745 | ▲ 32.3% |
| Recurring financial charges65 | €17,269 | €26,984 | €33,915 | €60,285 | €79,745 | ▲ 32.3% |
| Non-recurring financial charges66B | - | €12,500 | €7,000 | - | - | - |
| Profit (loss) for the period before taxes9903 | €84,294 | €459,844 | €476,217 | €739,958 | €998,609 | ▲ 35.0% |
| Income taxes67/77 | €21,582 | €40,927 | €47,102 | €45,632 | €95,640 | ▲ 110% |
| Profit (loss) for the period9904 | €62,712 | €418,917 | €429,115 | €694,327 | €902,968 | ▲ 30.0% |
| Profit (loss) for the period to be appropriated9905 | €62,712 | €418,917 | €429,115 | €694,327 | €902,968 | ▲ 30.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.6m | €2.0m | €3.0m | €3.2m | ▲ 7.3% |
| Fixed assets21/28 | €134,906 | €149,499 | €237,941 | €439,537 | €418,621 | ▼ 4.8% |
| Tangible fixed assets22/27 | €97,571 | €123,404 | €223,916 | €432,002 | €410,951 | ▼ 4.9% |
| Land and buildings22 | - | €1,674 | €3,215 | €1,483 | - | - |
| Plant, machinery and equipment23 | - | €87,873 | €141,375 | €206,013 | €202,789 | ▼ 1.6% |
| Furniture and vehicles24 | - | €24,858 | €20,818 | €106,987 | €120,643 | ▲ 12.8% |
| Leasing and similar rights25 | - | €9,000 | €58,509 | €117,518 | €87,518 | ▼ 25.5% |
| Financial fixed assets28 | €37,335 | €26,095 | €14,025 | €7,535 | €7,670 | ▲ 1.8% |
| Current assets29/58 | €1.1m | €1.5m | €1.8m | €2.5m | €2.7m | ▲ 9.4% |
| Stocks and contracts in progress3 | €197,176 | €263,220 | €616,629 | €750,424 | €692,523 | ▼ 7.7% |
| Stocks30/36 | - | €263,220 | €616,629 | €750,424 | €692,523 | ▼ 7.7% |
| Amounts receivable within one year40/41 | €677,160 | €1.1m | €1.0m | €1.6m | €1.9m | ▲ 24.7% |
| Trade receivables40 | - | €1.1m | €999,131 | €1.5m | €1.9m | ▲ 26.0% |
| Other amounts receivable41 | - | €8,831 | €14,920 | €20,044 | €4,426 | ▼ 77.9% |
| Cash at bank and in hand54/58 | €5,731 | €27,717 | €174,555 | €189,546 | €104,608 | ▼ 44.8% |
| Deferred charges and accrued income490/1 | - | €60,002 | €6,622 | €9,269 | €3,200 | ▼ 65.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.6m | €2.0m | €3.0m | €3.2m | ▲ 7.3% |
| Equity10/15 | €232,168 | €351,085 | €505,200 | €724,526 | €1.1m | ▲ 48.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €213,568 | €332,485 | €486,600 | €705,926 | €1.1m | ▲ 50.0% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €10,609 | €10,609 | €10,609 | €10,609 | = |
| Distributable reserves133 | - | €320,016 | €474,131 | €693,457 | €1.0m | ▲ 50.9% |
| Amounts payable17/49 | €983,740 | €1.3m | €1.5m | €2.2m | €2.1m | ▼ 6.1% |
| Amounts payable after more than one year17 | - | - | €72,724 | €430,184 | €354,921 | ▼ 17.5% |
| Financial debts170/4 | - | - | €72,724 | €430,184 | €354,921 | ▼ 17.5% |
| Amounts payable within one year42/48 | €976,799 | €1.2m | €1.4m | €1.8m | €1.7m | ▼ 3.4% |
| Current portion of amounts payable after more than one year42 | - | - | €21,743 | €75,861 | €75,263 | ▼ 0.8% |
| Financial debts43 | - | €248,359 | €267,841 | €25,270 | €45,162 | ▲ 78.7% |
| Credit institutions430/8 | - | €248,359 | €267,841 | €25,270 | €45,162 | ▲ 78.7% |
| Trade debts44 | €674,805 | €500,475 | €739,631 | €1.0m | €779,520 | ▼ 24.7% |
| Suppliers440/4 | - | €500,475 | €739,631 | €1.0m | €779,520 | ▼ 24.7% |
| Advances received on contracts in progress46 | - | - | - | - | €3,125 | - |
| Taxes, remuneration and social security45 | - | €54,254 | €81,837 | €101,175 | €118,190 | ▲ 16.8% |
| Taxes450/3 | - | €22,509 | €8,029 | €12,734 | €5,632 | ▼ 55.8% |
| Remuneration and social security454/9 | - | €31,745 | €73,809 | €88,441 | €112,558 | ▲ 27.3% |
| Other amounts payable47/48 | - | €434,524 | €337,215 | €559,918 | €714,692 | ▲ 27.6% |
| Accrued charges and deferred income492/3 | - | €22,344 | €23,609 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62,712 | €418,917 | €429,115 | €694,327 | €902,968 | ▲ 30.0% |
| + Depreciation and write-downs630 | €29,862 | €39,003 | €56,632 | €110,020 | €145,456 | ▲ 32.2% |
| Operating cash flow (approximation) | €92,574 | €457,920 | €485,746 | €804,347 | €1.0m | ▲ 30.3% |
| Investment in fixed assets (approximation) | - | -€53,596 | -€145,074 | -€311,616 | -€124,540 | ▲ 60.0% |
| Change in cash | - | €21,986 | €146,839 | €14,990 | -€84,938 | ▼ 667% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €902,968 ▲30%
Operating result €1.1m, net result €902,968, both a record.
31-12
Financial
Equity above €1mEq €1.1m ▲48.7%
7 profitable years in a row build equity to €1.1m.
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 €500,000Eq €505,200 ▲43.9%
5 profitable years in a row build equity to €505,200.
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 €200,000Eq €232,168 ▲37%
3 profitable years in a row build equity to €232,168.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €12,817 ▼90.3%
Net result drops to €12,817, the lowest in the series; recovery starts the following year.
Show earlier events
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 22 days late
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
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
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.
Structure & network
Owners and holdings
1 ownerChain of control
- NB ENGINEERING
- BELURBA
Highest known parent: NB ENGINEERING. The sources do not say who stands above it.
Owners 1
- NB ENGINEERINGparent97%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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 |
Recognitions · licences · registrations
Recognised contractor
12 categoriesBELURBA BV#10318
BELURBA BV40641
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Of 1,567 companies in sector 46900 we hold annual accounts for 920. 610 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
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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860133345
Registered
22-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.