BELUX CONCEPT
ActiveThe computed 12-month bankruptcy probability of BELUX CONCEPT is 1.6% (moderate). The 2025 annual accounts show equity of €76k and a net result of €2k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 18% of 27676 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
46
/ 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
Profitability59▼-11
Solvency41▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 2.51 in 2024; short-term debt: 61.7% and cash: 10.6% of total assets), and 84% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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 2025Solvency, return and age of the figures
Solvency
16%
Return on assets
0.3%
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 27676 sector peers (2025).
NBB · sector comparisonPosition among 27676 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
26 d late
2023
31 d late
2022
30 d late
2021
29 d late
2020
200 d late
2019
87 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2k▼ 45.3%
2024 · €3k
2018: €13k
2019: €745
2020: €24k
2021: €-12k
2022: €5k
2023: €4k
2024: €3k
2018 → 2025
Working capital
€139k▼ 11.4%
2024 · €157k
2018: €105k
2019: €118k
2020: €181k
2021: €164k
2022: €156k
2023: €190k
2024: €157k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€62k-€67k▲ 7.5%€71k▲ 5.7%€74k▲ 4.1%€76k▲ 2.2%
Operating result€-11k-€7k€4k▼ 42.7%€4k▲ 15.4%€6k▲ 42.3%
Net result€-12k-€5k€4k▼ 18.6%€3k▼ 23.5%€2k▼ 45.3%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 42% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €472k
Fixed assets
€42k▲ 14.4%
Current assets
€430k▲ 64.8%
Equity and liabilities €472k
Equity
€76k▲ 2.2%
Provisions
€41k▼ 7.5%
Debt
€355k▲ 98.3%
The debt ratio rises from 60.2% to 75.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15k▲
2024 · €12k
Cash flow
€10k▼
2024 · €11k
Solvency
16.0%▼
2024 · 24.9%
Current ratio
1.48▼
2024 · 2.51
Quick ratio
1.43▼
2024 · 2.45
Debt / equity
4.70▲
2024 · 2.42
ROE
2.1%▼
2024 · 4.0%
ROA
0.3%▼
2024 · 1.0%
Interest coverage
4.75▼
2024 · 39.01
Debt
€355k▲
2024 · €179k
Debt ≤ 1 year
€291k▲
2024 · €104k
Debt > 1 year
€64k▼
2024 · €75k
Income taxes
€2k▲
2024 · €1k
Staff costs
€14k▲
2024 · €12k
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€298k€472k▲
Fixed assets21/28€37k€42k▲
Tangible fixed assets22/27€30k€35k▲
Furniture and vehicles24€979€13k▲
Leasing and similar rights25€29k€21k▼
Financial fixed assets28€7k€7k=
Current assets29/58€261k€430k▲
Stocks and contracts in progress3€5k€15k▲
Stocks30/36€5k€15k▲
Amounts receivable within one year40/41€208k€364k▲
Trade receivables40€203k€331k▲
Other amounts receivable41€5k€33k▲
Cash at bank and in hand54/58€46k€50k▲
Deferred charges and accrued income490/1€2k€871▼
Equity and liabilities
Total equity and liabilities10/49€298k€472k▲
Equity10/15€74k€76k▲
Contributions10/11€19k€19k=
Reserves13€8k€8k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€6k€6k=
Profit (loss) carried forward14€48k€49k▲
Provisions and deferred taxes16€45k€41k▼
Provisions for liabilities and charges160/5€45k€41k▼
Other liabilities and charges164/5€45k€41k▼
Amounts payable17/49€179k€355k▲
Amounts payable after more than one year17€75k€64k▼
Financial debts170/4€28k€21k▼
Other amounts payable178/9€46k€42k▼
Amounts payable within one year42/48€104k€291k▲
Current portion of amounts payable after more than one year42€6k€7k▲
Trade debts44€75k€205k▲
Suppliers440/4€75k€205k▲
Advances received on contracts in progress46€12k€71k▲
Taxes, remuneration and social security45€11k€2k▼
Taxes450/3€942€1k▲
Remuneration and social security454/9€10k€881▼
Other amounts payable47/48-€7k
Accrued charges and deferred income492/3€296-
Income statement
Code20242025
Remuneration, social security and pensions62€12k€14k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€13k€-3k▼
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A-€6k
Gross operating margin9900€39k€34k▼
Operating profit (loss)9901€4k€6k▲
Financial charges65/66B€311€3k▲
Recurring financial charges65€311€3k▲
Profit (loss) for the period before taxes9903€4k€3k▼
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€3k€2k▼
Profit (loss) for the period to be appropriated9905€3k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€48k€49k▲
Profit (loss) brought forward from the previous period14P€45k€48k▲
The notes to these accounts (7 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
16-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 200 days late
2021
31-12
Financial
Weakest financial yearnet €-12k ▼152%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
2020
31-12
Financial
Highest result since 2018net €24k ▲3058%
Operating result €21k, net result €24k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 17.25
Current ratio from 4.25 to 17.25; short-term debt falls from €36k to €11k.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Etterbeek · 1 establishment unit since 2013
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.
Louis Schmidtlaan 241040 EtterbeekGround area
730 m²
Building footprint
328 m²
Volume, LiDAR
5,036 m³
2 parcels, Brussels · tallest building 31.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
BELU CONCEPT
since 20132.224.713.014
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0354/00M005 | Brussels | 413 m² | 1 · 197 m² | 31.9 m · 4 fl. |
| 21806F0118/00K003 | Brussels | 318 m² | 1 · 131 m² | 23.9 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BM BOUW
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GYDAN
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Tongeren-Borgloon · Eq €76k
HMT Construct
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TOP ADVANCE
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ABC TECHNICS
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,421. 6,238 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded04-12-2013
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43995Specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.