BELVENT
ActiveSummary
BELVENT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €445,024 and a net result of €17,695. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 26% of 7868 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▲+10
Solvency50▲+5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.19 in 2024; short-term debt: 66.7% and cash: 11.2% of total assets), and 75.4% of the assets are financed with debt.
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Signals
Four 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
24.6%
Return on assets
1%
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
6 d early
2023
26 d late
2022
111 d early
2021
13 d early
2020
29 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€445,024▲ 4.1%
2024 · €427,329
Total assets
€1.8m▼ 15.9%
2024 · €2.1m
Net result
€17,695▲ 16,404%
2024 · €107
Working capital
€486,110▲ 55.5%
2024 · €312,560
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€247,019€172,267€122,706▼ 28.8%€50,377▼ 58.9%€107,769▲ 114%
Net result-€313,561€136,831€3,238▼ 97.6%€107▼ 96.7%€17,695▲ 16,404%
Equity€287,152▼ 52.2%€423,983▲ 47.7%€427,222▲ 0.8%€427,329=€445,024▲ 4.1%
Total assets€2.3m▼ 9.1%€2.1m▼ 9.3%€2.3m▲ 7.2%€2.1m▼ 4.6%€1.8m▼ 15.9%
Debt€2.0m▲ 4.2%€1.7m▼ 17.4%€1.8m▲ 8.8%€1.7m▼ 5.7%€1.4m▼ 20.9%
Working capital€382,397▼ 45.8%€785,255▲ 105%€395,420▼ 49.6%€312,560▼ 21.0%€486,110▲ 55.5%
Staff (FTE)26.4▲ 1.5%24.5▼ 7.2%25.7▲ 4.9%17.6▼ 31.5%16.8▼ 4.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 114% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€56,663 ▼ 50.3%
Current assets
€1.7m ▼ 11.8%
Equity and liabilities €1.8m
Equity
€445,024 ▲ 4.1%
Debt
€1.4m ▼ 20.9%
Debt's share of the balance-sheet total falls from 80.1% to 75.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€178,463▲
2024 · €76,710
Cash flow
€88,389▲
2024 · €26,440
Current ratio
1.40▲
2024 · 1.19
Quick ratio
0.79▲
2024 · 0.75
Debt to equity
3.06▼
2024 · 4.03
ROE
4.0%▲
2024 · 0.0%
ROA
1.0%▲
2024 · 0.0%
Interest coverage
2.26▲
2024 · 1.22
Debt ≤ 1 year
€1.2m▼
2024 · €1.6m
Debt > 1 year
€142,399▲
2024 · €99,607
Income taxes
€12,229▲
2024 · €596
Staff costs
€992,050▼
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,392 | €31,828 | €2,289 | €8,602 | ▲ 276% |
| Remuneration, social security and pensions62 | - | €1.3m | €2.3m | €1.1m | €992,050 | ▼ 5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,973 | €17,280 | €39,118 | €26,333 | €70,694 | ▲ 168% |
| Other operating charges640/8 | - | €28,539 | €18,404 | €8,404 | €13,672 | ▲ 62.7% |
| Operating charges capitalised as restructuring costs649 | - | - | -€117,717 | - | - | - |
| Non-recurring operating charges66A | - | €898 | €1,666 | - | €3,972 | - |
| Gross operating margin9900 | €1.2m | €1.5m | €2.4m | €1.1m | €1.2m | ▲ 4.7% |
| Operating profit (loss)9901 | -€247,019 | €172,267 | €122,706 | €50,377 | €107,769 | ▲ 114% |
| Financial income75/76B | - | €44,155 | €5,834 | €17,568 | €1,270 | ▼ 92.8% |
| Recurring financial income75 | €3,316 | €44,155 | €5,834 | €17,568 | €1,270 | ▼ 92.8% |
| Financial charges65/66B | - | €78,250 | €123,816 | €67,243 | €79,114 | ▲ 17.7% |
| Recurring financial charges65 | €69,566 | €78,250 | €123,816 | €62,951 | €79,114 | ▲ 25.7% |
| Non-recurring financial charges66B | - | - | - | €4,292 | - | - |
| Profit (loss) for the period before taxes9903 | -€313,270 | €138,173 | €4,724 | €703 | €29,924 | ▲ 4,156% |
| Income taxes67/77 | €291 | €1,341 | €1,486 | €596 | €12,229 | ▲ 1,952% |
| Profit (loss) for the period9904 | -€313,561 | €136,831 | €3,238 | €107 | €17,695 | ▲ 16,404% |
| Profit (loss) for the period to be appropriated9905 | -€313,561 | €136,831 | €3,238 | €107 | €17,695 | ▲ 16,404% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €2.1m | €2.3m | €2.1m | €1.8m | ▼ 15.9% |
| Formation expenses20 | - | - | €117,717 | €117,717 | €58,859 | ▼ 50.0% |
| Fixed assets21/28 | €88,742 | €112,930 | €158,735 | €114,095 | €56,663 | ▼ 50.3% |
| Tangible fixed assets22/27 | €38,305 | €74,633 | €119,087 | €78,924 | €25,976 | ▼ 67.1% |
| Plant, machinery and equipment23 | - | €29,305 | €18,515 | €11,713 | €9,095 | ▼ 22.3% |
| Furniture and vehicles24 | - | €4,796 | €16,136 | €9,025 | €7,336 | ▼ 18.7% |
| Leasing and similar rights25 | - | €15,149 | €66,758 | €44,781 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | €25,383 | €17,679 | €13,406 | €9,545 | ▼ 28.8% |
| Financial fixed assets28 | €50,436 | €38,297 | €39,647 | €35,170 | €30,687 | ▼ 12.7% |
| Current assets29/58 | €2.2m | €2.0m | €2.0m | €1.9m | €1.7m | ▼ 11.8% |
| Stocks and contracts in progress3 | €531,124 | €825,547 | €784,075 | €715,324 | €738,843 | ▲ 3.3% |
| Stocks30/36 | - | €509,084 | €484,277 | €460,145 | €458,112 | ▼ 0.4% |
| Contracts in progress37 | - | €316,463 | €299,798 | €255,179 | €280,731 | ▲ 10.0% |
| Amounts receivable within one year40/41 | €1.1m | €984,681 | €1.0m | €973,699 | €714,224 | ▼ 26.6% |
| Trade receivables40 | - | €805,162 | €910,258 | €862,924 | €648,625 | ▼ 24.8% |
| Other amounts receivable41 | - | €179,520 | €100,192 | €110,775 | €65,599 | ▼ 40.8% |
| Cash at bank and in hand54/58 | €226,981 | €159,955 | €169,860 | €207,223 | €203,092 | ▼ 2.0% |
| Deferred charges and accrued income490/1 | - | €19,741 | €12,986 | €21,832 | €35,366 | ▲ 62.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €2.1m | €2.3m | €2.1m | €1.8m | ▼ 15.9% |
| Equity10/15 | €287,152 | €423,983 | €427,222 | €427,329 | €445,024 | ▲ 4.1% |
| Contributions10/11 | - | €281,000 | €281,000 | €281,000 | €281,000 | = |
| Outside capital11 | - | €281,000 | - | - | - | - |
| Other1109/19 | - | €281,000 | - | - | - | - |
| Reserves13 | €6,100 | €142,100 | €142,100 | €142,100 | €163,100 | ▲ 14.8% |
| Distributable reserves133 | - | €142,100 | €142,100 | €142,100 | €163,100 | ▲ 14.8% |
| Profit (loss) carried forward14 | €52 | €883 | €4,122 | €4,229 | €924 | ▼ 78.1% |
| Amounts payable17/49 | €2.0m | €1.7m | €1.8m | €1.7m | €1.4m | ▼ 20.9% |
| Amounts payable after more than one year17 | €181,886 | €468,431 | €232,380 | €99,607 | €142,399 | ▲ 43.0% |
| Financial debts170/4 | - | €468,431 | €232,380 | €99,607 | €142,399 | ▲ 43.0% |
| Amounts payable within one year42/48 | €1.8m | €1.2m | €1.6m | €1.6m | €1.2m | ▼ 24.9% |
| Current portion of amounts payable after more than one year42 | - | €202,251 | €159,139 | €132,774 | €178,121 | ▲ 34.2% |
| Financial debts43 | - | €458,482 | €450,000 | €450,000 | €450,000 | = |
| Credit institutions430/8 | - | €458,482 | €450,000 | €450,000 | €450,000 | = |
| Trade debts44 | €1.1m | €481,615 | €897,089 | €889,586 | €453,784 | ▼ 49.0% |
| Suppliers440/4 | - | €481,615 | €897,089 | €889,586 | €453,784 | ▼ 49.0% |
| Advances received on contracts in progress46 | - | €136 | €136 | €136 | €45,543 | ▲ 33,388% |
| Taxes, remuneration and social security45 | - | €62,110 | €75,588 | €133,023 | €77,967 | ▼ 41.4% |
| Taxes450/3 | - | €7,180 | €8,139 | €4,106 | €12,660 | ▲ 208% |
| Remuneration and social security454/9 | - | €54,930 | €67,449 | €128,917 | €65,307 | ▼ 49.3% |
| Other amounts payable47/48 | - | €75 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €5,771 | €12,270 | €17,437 | €14,209 | ▼ 18.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€313,561 | €136,831 | €3,238 | €107 | €17,695 | ▲ 16,404% |
| + Depreciation and write-downs630 | €21,973 | €17,280 | €39,118 | €26,333 | €70,694 | ▲ 168% |
| Operating cash flow (approximation) | -€291,588 | €154,111 | €42,356 | €26,440 | €88,389 | ▲ 234% |
| Investment in fixed assets (approximation) | - | -€41,468 | -€84,922 | €18,307 | -€13,262 | ▼ 172% |
| Change in cash | - | -€67,026 | €9,905 | €37,363 | -€4,131 | ▼ 111% |
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
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Back to profitnet €136,831
Net result €136,831 after one loss-making year.
2021
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Weakest financial yearnet -€313,561
Net result drops to -€313,561, the lowest in the series; recovery starts the following year.
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Equity above €500,000Eq €600,713 ▲21.5%
2 profitable years in a row build equity to €600,713.
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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, Wevelgem · 1 establishment unit since 2014
Ground area
2,208 m²
Building footprint
1,061 m²
Volume, LiDAR
7,437 m³
Parcel 34012C0558/00K006, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
BELVENT
since 20142.231.808.860
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34012C0558/00K006 | Flanders | 2,208 m² | 1 · 1,061 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 3,506 EUR awarded · 3,506 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 158 EUR |
| 2024 | 2 | -1,163 EUR | 0 EUR |
| 2023 | 2 | 3,231 EUR | 3,231 EUR |
| 2022 | 2 | 1,438 EUR | 117 EUR |
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Of 9,534 companies in sector 43222 we hold annual accounts for 5,666. 4,152 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-01-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.