BELVECO
ActiveSummary
BELVECO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€148,108) and a net result of €7,028. Equity remains stable across the filed fiscal years (±0.3% per year). The computed 12-month bankruptcy probability is 1.2% (low).
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Signals
This company filed its last 6 accounts on average 53 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, 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 1.2% 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 497,340 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 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,670 | €14,670 | €14,670 | €14,612 | €14,239 | ▼ 2.6% |
| Other operating charges640/8 | - | €3,814 | €2,264 | €2,366 | €2,450 | ▲ 3.6% |
| Gross operating margin9900 | €12,351 | €7,647 | €15,592 | €30,718 | €23,837 | ▼ 22.4% |
| Operating profit (loss)9901 | -€4,446 | -€10,837 | -€1,342 | €13,741 | €7,148 | ▼ 48.0% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | €0 | - | - | - | €0 | - |
| Financial charges65/66B | - | €373 | €156 | €93 | €120 | ▲ 29.2% |
| Recurring financial charges65 | €124 | €373 | €156 | €93 | €120 | ▲ 29.2% |
| Profit (loss) for the period before taxes9903 | -€4,570 | -€11,211 | -€1,498 | €13,648 | €7,028 | ▼ 48.5% |
| Profit (loss) for the period9904 | -€4,570 | -€11,211 | -€1,498 | €13,648 | €7,028 | ▼ 48.5% |
| Profit (loss) for the period to be appropriated9905 | -€4,570 | -€11,211 | -€1,498 | €13,648 | €7,028 | ▼ 48.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €151,182 | €124,542 | €118,908 | €105,737 | €88,345 | ▼ 16.4% |
| Fixed assets21/28 | €135,484 | €120,813 | €106,143 | €91,531 | €77,292 | ▼ 15.6% |
| Tangible fixed assets22/27 | €135,088 | €120,417 | €105,747 | €91,135 | €76,896 | ▼ 15.6% |
| Land and buildings22 | - | €120,417 | €105,747 | €91,135 | €76,896 | ▼ 15.6% |
| Financial fixed assets28 | €396 | €396 | €396 | €396 | €396 | = |
| Current assets29/58 | €15,699 | €3,729 | €12,765 | €14,206 | €11,053 | ▼ 22.2% |
| Amounts receivable within one year40/41 | €7,877 | €0 | €6,209 | €5,524 | €6,865 | ▲ 24.3% |
| Trade receivables40 | - | €0 | €6,209 | €5,524 | €6,865 | ▲ 24.3% |
| Cash at bank and in hand54/58 | €7,821 | €3,729 | €6,556 | €8,682 | €4,188 | ▼ 51.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €151,182 | €124,542 | €118,908 | €105,737 | €88,345 | ▼ 16.4% |
| Equity10/15 | -€156,076 | -€167,287 | -€168,785 | -€155,137 | -€148,108 | ▲ 4.5% |
| Contributions10/11 | €99,157 | €99,157 | €99,157 | €99,157 | €99,157 | = |
| Capital10 | - | €99,157 | €99,157 | €99,157 | €99,157 | = |
| Issued capital100 | - | €247,894 | €247,894 | €247,894 | €247,894 | = |
| Uncalled capital101 | - | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Reserves13 | €26,412 | €26,412 | €26,412 | €26,412 | €26,412 | = |
| Non-distributable reserves130/1 | - | €26,412 | €26,412 | €26,412 | €26,412 | = |
| Legal reserve130 | - | €26,412 | €26,412 | €26,412 | €26,412 | = |
| Profit (loss) carried forward14 | -€281,645 | -€292,856 | -€294,354 | -€280,706 | -€273,678 | ▲ 2.5% |
| Amounts payable17/49 | €307,258 | €291,829 | €287,692 | €260,874 | €236,453 | ▼ 9.4% |
| Amounts payable within one year42/48 | €307,258 | €290,209 | €287,692 | €257,898 | €233,478 | ▼ 9.5% |
| Trade debts44 | €2,811 | €761 | €7,545 | €5,355 | €5,835 | ▲ 9.0% |
| Suppliers440/4 | - | €761 | €7,545 | €5,355 | €5,835 | ▲ 9.0% |
| Taxes, remuneration and social security45 | - | €1,575 | €1,575 | €1,575 | €1,575 | = |
| Taxes450/3 | - | €1,575 | €1,575 | €1,575 | €1,575 | = |
| Other amounts payable47/48 | - | €287,872 | €278,572 | €250,968 | €226,068 | ▼ 9.9% |
| Accrued charges and deferred income492/3 | - | €1,620 | - | €2,975 | €2,975 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,570 | -€11,211 | -€1,498 | €13,648 | €7,028 | ▼ 48.5% |
| + Depreciation and write-downs630 | €14,670 | €14,670 | €14,670 | €14,612 | €14,239 | ▼ 2.6% |
| Operating cash flow (approximation) | €10,100 | €3,459 | €13,172 | €28,260 | €21,267 | ▼ 24.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€4,093 | €2,827 | €2,126 | -€4,494 | ▼ 311% |
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
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63023F0015/00C000 | Wallonia | 316 m² | 1 · 137 m² | 15.0 m · 4 fl. |
Linked by address, not proof of ownership
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.