BELVAS
ActiveSummary
BELVAS has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€133,479) and a net result of €26,608. Equity is shrinking by ~8.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
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Signals
This company filed its last 7 accounts on average 236 days after the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, abbreviated schema
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,341 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% | 1.8% |
| 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 3,795 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €104 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,768 | €6,508 | €6,508 | €6,337 | €7,737 | - |
| Other operating charges640/8 | - | €19,658 | €4,963 | €5,303 | €3,353 | - |
| Gross operating margin9900 | €1,285 | €1,121 | €6,834 | €17,984 | €38,470 | - |
| Operating profit (loss)9901 | -€9,116 | -€25,045 | -€4,637 | €6,343 | €27,379 | - |
| Recurring financial income75 | €1,806 | - | - | - | - | - |
| Financial charges65/66B | - | €853 | €449 | €9,429 | €770 | - |
| Recurring financial charges65 | €28,084 | €853 | €449 | €9,429 | €770 | - |
| Profit (loss) for the period before taxes9903 | -€35,394 | -€25,898 | -€5,087 | -€3,086 | €26,608 | - |
| Profit (loss) for the period9904 | -€35,394 | -€25,898 | -€5,087 | -€3,086 | €26,608 | - |
| Profit (loss) for the period to be appropriated9905 | -€35,394 | -€25,898 | -€5,087 | -€3,086 | €26,608 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €421,122 | €415,723 | €416,521 | €424,185 | €380,414 | - |
| Fixed assets21/28 | €140,569 | €134,061 | €127,552 | €121,215 | €113,069 | - |
| Tangible fixed assets22/27 | €140,217 | €133,709 | €127,200 | €120,863 | €113,069 | - |
| Land and buildings22 | - | €133,709 | €127,200 | €120,863 | €108,188 | - |
| Furniture and vehicles24 | - | - | - | - | €4,881 | - |
| Financial fixed assets28 | €352 | €352 | €352 | €352 | - | - |
| Current assets29/58 | €280,553 | €281,662 | €288,969 | €302,970 | €267,345 | - |
| Stocks and contracts in progress3 | €261,094 | €261,094 | €261,094 | €261,094 | €261,094 | - |
| Stocks30/36 | - | €261,094 | €261,094 | €261,094 | €261,094 | - |
| Amounts receivable within one year40/41 | €19,362 | €20,551 | €27,872 | €41,877 | €6,250 | - |
| Trade receivables40 | - | - | €10,200 | - | €6,250 | - |
| Other amounts receivable41 | - | €20,551 | €17,672 | €41,877 | - | - |
| Cash at bank and in hand54/58 | €98 | €17 | €3 | - | €1 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €421,122 | €415,723 | €416,521 | €424,185 | €380,414 | - |
| Equity10/15 | -€135,255 | -€161,153 | -€166,240 | -€169,325 | -€133,479 | - |
| Contributions10/11 | €86,763 | €86,763 | €86,763 | €86,763 | €86,763 | - |
| Capital10 | - | €86,763 | - | - | - | - |
| Issued capital100 | - | €86,763 | - | - | - | - |
| Reserves13 | €49,633 | €49,633 | €49,633 | €49,633 | €49,633 | - |
| Non-distributable reserves130/1 | - | €3,718 | €3,718 | €3,718 | €3,718 | - |
| Legal reserve130 | - | €3,718 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €3,718 | €3,718 | €3,718 | - |
| Distributable reserves133 | - | €45,915 | €45,915 | €45,915 | €45,915 | - |
| Profit (loss) carried forward14 | -€271,651 | -€297,549 | -€302,636 | -€305,721 | -€269,875 | - |
| Amounts payable17/49 | €556,377 | €576,876 | €582,761 | €593,511 | €513,893 | - |
| Amounts payable within one year42/48 | €556,377 | €576,876 | €582,761 | €593,511 | €513,893 | - |
| Financial debts43 | - | €420,167 | €420,167 | €38,114 | €38,114 | - |
| Credit institutions430/8 | - | €420,167 | €420,167 | €38,114 | €38,114 | - |
| Trade debts44 | - | €17,712 | €23,487 | €19,221 | €7,472 | - |
| Suppliers440/4 | - | €17,712 | €23,487 | €19,221 | €7,472 | - |
| Other amounts payable47/48 | - | €138,997 | €139,107 | €536,175 | €468,306 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€35,394 | -€25,898 | -€5,087 | -€3,086 | €26,608 | - |
| + Depreciation and write-downs630 | €6,768 | €6,508 | €6,508 | €6,337 | €7,737 | - |
| Operating cash flow (approximation) | -€28,626 | -€19,390 | €1,421 | €3,252 | €34,346 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | -€81 | -€14 | - | - | - |
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
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44022A0493/00D000 | Flanders | 2,439 m² | 1 · 132 m² | 7.4 m · 2 fl. |
| 44032A0222/00C002 | Flanders | 67 m² | 1 · 67 m² | 15.1 m · 4 fl. |
Linked by address, not proof of ownership
Company details
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Register as of 1 October 2026 · Peppol Directory
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