BELUTH
ActiveBELUTH has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12k and a net result of €-4k. Equity is shrinking by ~27.5% per year across the filed fiscal years. Its solvency ranks better than 66% of 9460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency95▼-2
Growth32=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.54 against 2.95 in 2024; short-term debt: 30.1% and cash: 14.1% of total assets), and 30.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
69.9%
Return on assets
-21.9%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year €-4k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-04-2026, 29 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
29 d early
2024
30 d early
2023
35 d early
2022
33 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€12k▼ 23.9%
2024 · €15k
2022: €35k
2023: €19k
2024: €15k
2022 → 2025
Total assets
€16k▼ 21.9%
2024 · €21k
2022: €59k
2023: €19k
2024: €21k
2022 → 2025
Net result
€-4k▼ 4.5%
2024 · €-3k
2022: €35k
2023: €-16k
2024: €-3k
2022 → 2025
Working capital
€-2k
2024 · €12k
2022: €34k
2023: €18k
2024: €12k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€35k-€19k▼ 47.0%€15k▼ 18.6%€12k▼ 23.9%
Operating result€49k-€-16k€-3k▲ 78.7%€-4k▼ 3.1%
Net result€35k-€-16k€-3k▲ 79.0%€-4k▼ 4.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €3k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16k
Fixed assets
€14k▲ 295%
Current assets
€3k▼ 84.7%
Equity and liabilities €16k
Equity
€12k▼ 23.9%
Debt
€5k▼ 16.9%
The debt ratio rises from 28.3% to 30.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▼
2024 · €-2k
Cash flow
€-3k▼
2024 · €-2k
Solvency
69.9%▼
2024 · 71.7%
Current ratio
0.54▼
2024 · 2.95
Quick ratio
0.54▼
2024 · 2.89
Debt / equity
0.43▲
2024 · 0.39
ROE
-31.4%▼
2024 · -22.9%
ROA
-21.9%▼
2024 · -16.4%
Interest coverage
-31.59▲
2024 · -37.08
Debt
€5k▼
2024 · €6k
Debt ≤ 1 year
€5k▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€21k€16k▼
Fixed assets21/28€3k€14k▲
Intangible fixed assets21-€11k
Tangible fixed assets22/27€3k€3k▼
Furniture and vehicles24€3k€3k▼
Current assets29/58€18k€3k▼
Stocks and contracts in progress3€360-
Stocks30/36€360-
Amounts receivable within one year40/41€203€369▲
Trade receivables40€203-
Other amounts receivable41-€369
Cash at bank and in hand54/58€17k€2k▼
Equity and liabilities
Total equity and liabilities10/49€21k€16k▼
Equity10/15€15k€12k▼
Contributions10/11€500€500=
Reserves13€35k€31k▼
Distributable reserves133€35k€31k▼
Profit (loss) carried forward14€-20k€-20k▼
Amounts payable17/49€6k€5k▼
Amounts payable within one year42/48€6k€5k▼
Trade debts44€259-
Suppliers440/4€259-
Taxes, remuneration and social security45€143-
Taxes450/3€143-
Other amounts payable47/48€6k€5k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€955▼
Other operating charges640/8€537€513▼
Gross operating margin9900€-1k€-2k▼
Operating profit (loss)9901€-3k€-4k▼
Financial income75/76B€21€0▼
Recurring financial income75€21€0▼
Financial charges65/66B€55€82▲
Recurring financial charges65€55€82▲
Profit (loss) for the period before taxes9903€-3k€-4k▼
Profit (loss) for the period9904€-3k€-4k▼
Profit (loss) for the period to be appropriated9905€-3k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-24k▼
Profit (loss) brought forward from the previous period14P€-16k€-20k▼
Transfer from equity791/2-€4k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-16k ▼148%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity times 638current ratio 1570.08
Current ratio from 2.46 to 1570.08; short-term debt falls from €23k to €11.
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Harelbeke · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Twee-Bruggenstraat 668530 HarelbekeGround area
3,274 m²
Building footprint
1,710 m²
Volume, LiDAR
24,729 m³
Parcel 34013A0898/00P000, Flanders · tallest building 32.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
BELUTH
since 20202.312.021.031
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34013A0898/00P000 | Flanders | 3,274 m² | 1 · 1,710 m² | 32.6 m · 5 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.
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UMANS-GEERKENS
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Of 11,554 companies in sector 71121 we hold annual accounts for 6,563. 3,163 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-2020
Fiscal year end30-09
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.