BELUX SPAS

Active

Private limited companyfounded 20215 yrs activeRue Légipont 13A, 4671 Blégny, BelgiumKBO/BCE: BE 0768.448.450

The computed 12-month bankruptcy probability of BELUX SPAS is 2.7% (moderate). The 2024 annual accounts show equity of €70k and a net result of €37k. Equity is growing by ~93.2% per year across the filed fiscal years. Its solvency ranks better than 27% of 36378 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

61 / 100

Healthy▲ +3 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency34▲+10

Growth78=

Stability94

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity short (current ratio 0.74 against 1.03 in 2023), and 74.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

25.9%

Return on assets

13.6%

Age of the figures

20 mo

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-01-2026, 162 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

162 d late

2023

68 d late

2022

107 d late

2021

31 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€70k▲ 111%

2023 · €33k

2021: €-5k 2022: €19k 2023: €33k

2021 → 2024

Total assets

€269k▲ 47.8%

2023 · €182k

2021: €123k 2022: €164k 2023: €182k

2021 → 2024

Net result

€37k▲ 152%

2023 · €15k

2021: €-10k 2022: €23k 2023: €15k

2021 → 2024

Working capital

€-37k

2023 · €2k

2021: €7k 2022: €9k 2023: €2k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€-5k-€19k€33k▲ 78.0%€70k▲ 111%

Operating result€-9k-€31k€24k▼ 22.4%€50k▲ 109%

Net result€-10k-€23k€15k▼ 37.9%€37k▲ 152%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 109% above 2023 and is the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €269k

60.9%

39.1%

Fixed assets €164k▲ 60.9%

Current assets €105k▲ 31.2%

Equity and liabilities €269k

25.9%

74.1%

Equity €70k▲ 111%

Debt €199k▲ 33.9%

The debt ratio falls from 81.8% to 74.1%: equity grows faster than debt.

Key figures and ratios

2024 value · change against 2023

EBITDA

€73k▲

2023 · €31k

Cash flow

€59k▲

2023 · €22k

Solvency

25.9%▲

2023 · 18.2%

Current ratio

0.74▼

2023 · 1.03

Quick ratio

0.48▲

2023 · 0.47

Debt / equity

2.86▼

2023 · 4.49

ROE

52.5%▲

2023 · 43.8%

ROA

13.6%▲

2023 · 8.0%

Interest coverage

50.80▲

2023 · 8.66

Debt

€199k▲

2023 · €149k

Debt ≤ 1 year

€142k▲

2023 · €78k

Debt > 1 year

€57k▼

2023 · €71k

Income taxes

€12k▲

2023 · €6k

Staff costs

€62▼

2023 · €190

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€182k€269k▲

Fixed assets21/28€102k€164k▲

Tangible fixed assets22/27€96k€158k▲

Land and buildings22€94k€90k▼

Plant, machinery and equipment23€2k€68k▲

Furniture and vehicles24€1k€623▼

Financial fixed assets28€5k€5k=

Current assets29/58€80k€105k▲

Stocks and contracts in progress3€43k€38k▼

Stocks30/36€43k€38k▼

Amounts receivable within one year40/41€7k€34k▲

Trade receivables40€7k€34k▲

Cash at bank and in hand54/58€30k€34k▲

Equity and liabilities

Total equity and liabilities10/49€182k€269k▲

Equity10/15€33k€70k▲

Contributions10/11€5k€5k=

Outside capital11€5k-

Other1109/19€5k-

Profit (loss) carried forward14€28k€65k▲

Amounts payable17/49€149k€199k▲

Amounts payable after more than one year17€71k€57k▼

Financial debts170/4€71k€57k▼

Amounts payable within one year42/48€78k€142k▲

Current portion of amounts payable after more than one year42€14k€15k▲

Trade debts44€36k€50k▲

Suppliers440/4€36k€50k▲

Taxes, remuneration and social security45€22k€48k▲

Taxes450/3€22k€48k▲

Other amounts payable47/48€4k€29k▲

Income statement Code20232024

Remuneration, social security and pensions62€190€62▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€22k▲

Other operating charges640/8€1k€149▼

Gross operating margin9900€33k€73k▲

Operating profit (loss)9901€24k€50k▲

Financial income75/76B-€0

Recurring financial income75-€0

Financial charges65/66B€4k€1k▼

Recurring financial charges65€4k€1k▼

Profit (loss) for the period before taxes9903€20k€49k▲

Income taxes67/77€6k€12k▲

Profit (loss) for the period9904€15k€37k▲

Profit (loss) for the period to be appropriated9905€15k€37k▲

Appropriation of the result

Profit (loss) to be appropriated9906€28k€65k▲

Profit (loss) brought forward from the previous period14P€14k€28k▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2026

09-01

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 162 days late

2024

31-12

Financial Highest result since 2021net €37k ▲152%

Operating result €50k, net result €37k, both a record.

07-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 68 days late

2023

15-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 107 days late

2022

31-12

Financial Back to profitnet €23k

Net result €23k after one loss-making year.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Blégny · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Rue Légipont 13A4671 Blégny

Ground area

2.1 ha

Building footprint

312 m²

Volume, LiDAR

1,961 m³

2 parcels, Wallonia · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

BELUX SPAS

Rue de Magnée 3, 4870 TroozRepair, maintenance and installation of machinery and equipment

since 20212.320.552.774

2 parcels

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62010A1963/00A000	Wallonia	2.1 ha	1 · 181 m²	10.2 m · 2 fl.
62040B0690/00A000	Wallonia	112 m²	1 · 131 m²	7.9 m · 2 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.

Similar companies · same sector, comparable size

Dilsen-Stokkem · Eq €70k

Of 9,475 companies in sector 43222 we hold annual accounts for 5,625. 4,745 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded17-05-2021

Fiscal year end31-12

Activities, NACEBEL

43222Installation of electric heating, air conditioning, cooling and ventilation

43221Plumbing work

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.