Belver
ActiveSummary
Belver has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €524,060 and a net result of -€6,663. Equity is growing by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 77% of 5046 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68=
Solvency96▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 3.05 against 2.59 in 2024; short-term debt: 23.3% and cash: 11.6% of total assets), and 28.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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
71.4%
Return on assets
-0.9%
Age of the figures
9 mo
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 26-02-2026, 155 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
155 d early
2024
31 d early
2023
126 d early
2022
102 d early
2021
29 d late
2020
31 d late
2019
38 d late
← 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 45 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€6,663▼ 28.3%
2024 · -€5,194
Working capital
€351,885▼ 0.9%
2024 · €355,151
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€544,281▲ 572%€761▼ 99.9%-€3,791-€2,392▲ 36.9%€1,162
Net result€399,306within the sector's middle half▲ 639%-€5,974below the sector's middle half-€5,713below the sector's middle half▲ 4.4%-€5,194below the sector's middle half▲ 9.1%-€6,663below the sector's middle half▼ 28.3%
Equity€612,374within the sector's middle half▲ 187%€606,400within the sector's middle half▼ 1.0%€589,947within the sector's middle half▼ 2.7%€584,754within the sector's middle half▼ 0.9%€524,060within the sector's middle half▼ 10.4%
Total assets€1.6mwithin the sector's middle half▲ 259%€970,572within the sector's middle half▼ 37.7%€820,941below the sector's middle half▼ 15.4%€854,091below the sector's middle half▲ 4.0%€733,986below the sector's middle half▼ 14.1%
Debt€878,108▲ 296%€303,912▼ 65.4%€177,947▼ 41.4%€223,505▲ 25.6%€171,308▼ 23.4%
Working capital€494,356within the sector's middle half▲ 256%€363,029within the sector's middle half▼ 26.6%€380,849within the sector's middle half▲ 4.9%€355,151within the sector's middle half▼ 6.7%€351,885within the sector's middle half▼ 0.9%
Solvency39.3%within the sector's middle half▼ 9.7pp62.5%above the sector's middle half▲ 23.2pp71.9%above the sector's middle half▲ 9.4pp68.5%above the sector's middle half▼ 3.4pp71.4%above the sector's middle half▲ 2.9pp
Current ratio1.68within the sector's middle half▲ 0.052.19within the sector's middle half▲ 0.523.14above the sector's middle half▲ 0.952.59within the sector's middle half▼ 0.553.05within the sector's middle half▲ 0.47
Return on assets (ROA)25.6%above the sector's middle half▲ 13.2pp-0.6%below the sector's middle half▼ 26.2pp-0.7%below the sector's middle half▼ 0.1pp-0.6%below the sector's middle half▲ 0.1pp-0.9%below the sector's middle half▼ 0.3pp
Staff (FTE)12.5within the sector's middle half▲ 4.2%13within the sector's middle half▲ 4.0%11.3within the sector's middle half▼ 13.1%12within the sector's middle half▲ 6.2%11.1within the sector's middle half▼ 7.5%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1,162 after a loss of €2,392 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €733,986
Fixed assets
€210,793 ▼ 23.5%
Current assets
€523,193 ▼ 9.6%
Equity and liabilities €733,986
Equity
€524,060 ▼ 10.4%
Provisions
€38,618 ▼ 15.7%
Debt
€171,308 ▼ 23.4%
Debt's share of the balance-sheet total falls from 26.2% to 23.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€37,839▼
2024 · €39,498
Cash flow
€30,014▼
2024 · €36,696
Quick ratio
0.68▼
2024 · 0.83
Debt to equity
0.33▼
2024 · 0.38
ROE
-1.3%▼
2024 · -0.9%
Interest coverage
6.86▼
2024 · 18.32
Debt ≤ 1 year
€171,308▼
2024 · €223,505
Income taxes
€11,719▲
2024 · €9,512
Staff costs
€416,208▲
2024 · €403,959
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 8,616 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €877,155 | €1,348 | - | €1,640 | €4,804 | ▲ 193% |
| Remuneration, social security and pensions62 | €365,402 | €471,736 | €445,224 | €403,959 | €416,208 | ▲ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,187 | €41,217 | €41,488 | €41,890 | €36,677 | ▼ 12.4% |
| Other operating charges640/8 | €13,866 | €3,720 | €1,883 | €4,299 | €2,005 | ▼ 53.4% |
| Non-recurring operating charges66A | - | €269 | - | - | - | - |
| Gross operating margin9900 | €940,736 | €517,703 | €484,803 | €447,757 | €456,052 | ▲ 1.9% |
| Operating profit (loss)9901 | €544,281 | €761 | -€3,791 | -€2,392 | €1,162 | ▲ 149% |
| Financial income75/76B | €1,454 | €2,840 | €1,953 | €1,652 | €2,197 | ▲ 33.0% |
| Recurring financial income75 | €1,454 | €2,840 | €1,953 | €1,652 | €2,197 | ▲ 33.0% |
| Financial charges65/66B | €1,375 | €5,791 | €75 | €2,156 | €5,517 | ▲ 156% |
| Recurring financial charges65 | €1,375 | €5,791 | €75 | €2,156 | €5,517 | ▲ 156% |
| Profit (loss) for the period before taxes9903 | €544,361 | -€2,190 | -€1,914 | -€2,896 | -€2,159 | ▲ 25.5% |
| Transfer from deferred taxes780 | €1,147 | €7,214 | €7,214 | €7,214 | €7,214 | = |
| Transfer to deferred taxes680 | €68,621 | - | - | - | - | - |
| Income taxes67/77 | €77,581 | €10,998 | €11,014 | €9,512 | €11,719 | ▲ 23.2% |
| Profit (loss) for the period9904 | €399,306 | -€5,974 | -€5,713 | -€5,194 | -€6,663 | ▼ 28.3% |
| Transfer from tax-exempt reserves789 | €3,440 | €21,642 | €21,642 | €21,642 | €21,642 | = |
| Transfer to tax-exempt reserves689 | €205,863 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €196,883 | €15,669 | €15,929 | €16,449 | €14,980 | ▼ 8.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €970,572 | €820,941 | €854,091 | €733,986 | ▼ 14.1% |
| Fixed assets21/28 | €335,492 | €303,632 | €262,144 | €275,435 | €210,793 | ▼ 23.5% |
| Tangible fixed assets22/27 | €332,653 | €300,793 | €259,306 | €272,596 | €207,955 | ▼ 23.7% |
| Plant, machinery and equipment23 | €317,454 | €290,593 | €254,104 | €272,111 | €207,955 | ▼ 23.6% |
| Furniture and vehicles24 | €15,199 | €10,201 | €5,202 | €485 | - | - |
| Financial fixed assets28 | €2,838 | €2,838 | €2,838 | €2,838 | €2,838 | = |
| Current assets29/58 | €1.2m | €666,940 | €558,797 | €578,656 | €523,193 | ▼ 9.6% |
| Stocks and contracts in progress3 | €48,995 | €320,690 | €363,453 | €393,188 | €407,491 | ▲ 3.6% |
| Stocks30/36 | €48,995 | €320,690 | €363,453 | €393,188 | €407,491 | ▲ 3.6% |
| Amounts receivable within one year40/41 | €264,594 | €274,052 | €116,304 | €93,782 | €30,250 | ▼ 67.7% |
| Trade receivables40 | €178,731 | €183,433 | €20,701 | €18,983 | €23,843 | ▲ 25.6% |
| Other amounts receivable41 | €85,864 | €90,619 | €95,603 | €74,799 | €6,407 | ▼ 91.4% |
| Current investments50/53 | €2 | €2 | €2 | €2 | €2 | = |
| Cash at bank and in hand54/58 | €43,207 | €62,491 | €76,454 | €90,994 | €85,450 | ▼ 6.1% |
| Deferred charges and accrued income490/1 | €865,666 | €9,705 | €2,584 | €691 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €970,572 | €820,941 | €854,091 | €733,986 | ▼ 14.1% |
| Equity10/15 | €612,374 | €606,400 | €589,947 | €584,754 | €524,060 | ▼ 10.4% |
| Contributions10/11 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Reserves13 | €593,624 | €587,650 | €571,197 | €566,004 | €505,310 | ▼ 10.7% |
| Non-distributable reserves130/1 | €3,858 | €3,858 | €3,858 | €3,858 | €3,858 | = |
| Reserves not available under the articles1311 | €3,858 | €3,858 | €3,858 | €3,858 | €3,858 | = |
| Tax-exempt reserves132 | €202,423 | €180,780 | €159,138 | €137,495 | €115,853 | ▼ 15.7% |
| Distributable reserves133 | €387,343 | €403,012 | €408,201 | €424,650 | €385,599 | ▼ 9.2% |
| Provisions and deferred taxes16 | €67,474 | €60,260 | €53,046 | €45,832 | €38,618 | ▼ 15.7% |
| Deferred taxes168 | €67,474 | €60,260 | €53,046 | €45,832 | €38,618 | ▼ 15.7% |
| Amounts payable17/49 | €878,108 | €303,912 | €177,947 | €223,505 | €171,308 | ▼ 23.4% |
| Amounts payable after more than one year17 | €150,000 | - | - | - | - | - |
| Financial debts170/4 | €150,000 | - | - | - | - | - |
| Amounts payable within one year42/48 | €728,108 | €303,912 | €177,947 | €223,505 | €171,308 | ▼ 23.4% |
| Current portion of amounts payable after more than one year42 | - | €4,239 | - | - | - | - |
| Trade debts44 | €293,314 | €56,784 | €46,969 | €77,000 | €38,782 | ▼ 49.6% |
| Suppliers440/4 | €293,314 | €56,784 | €46,969 | €77,000 | €38,782 | ▼ 49.6% |
| Taxes, remuneration and social security45 | €196,470 | €154,250 | €114,017 | €95,334 | €92,368 | ▼ 3.1% |
| Taxes450/3 | €140,924 | €85,418 | €21,305 | €9,356 | €7,097 | ▼ 24.1% |
| Remuneration and social security454/9 | €55,547 | €68,832 | €92,712 | €85,978 | €85,272 | ▼ 0.8% |
| Other amounts payable47/48 | €238,323 | €88,637 | €16,961 | €51,171 | €40,157 | ▼ 21.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €399,306 | -€5,974 | -€5,713 | -€5,194 | -€6,663 | ▼ 28.3% |
| + Depreciation and write-downs630 | €17,187 | €41,217 | €41,488 | €41,890 | €36,677 | ▼ 12.4% |
| Operating cash flow (approximation) | €416,492 | €35,244 | €35,774 | €36,696 | €30,014 | ▼ 18.2% |
| Investment in fixed assets (approximation) | - | -€9,357 | €0 | -€55,180 | €27,964 | ▲ 151% |
| Change in cash | - | €19,284 | €13,963 | €14,539 | -€5,544 | ▼ 138% |
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
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€6,663
Net result drops to -€6,663, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €399,306 ▲639%
Operating result €544,281, net result €399,306, both a record.
31-12
Financial
Equity above €500,000Eq €612,374 ▲187%
4 profitable years in a row build equity to €612,374.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Equity above €200,000Eq €213,068 ▲34%
3 profitable years in a row build equity to €213,068.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 38 days late
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Verviers · 2 establishment units since 1980
Ground area
1,729 m²
Building footprint
1,281 m²
Volume, LiDAR
20,996 m³
2 parcels, Wallonia · tallest building 20.1 m, ±6 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
2 establishment units
Rue Fernand Houget 12, 4800 Verviers
since 19802.128.717.953
Féronstrée 89 9, 4000 Liège
since 19992.128.717.755
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63079A1451/00L021 | Wallonia | 1,116 m² | 1 · 1,102 m² | 20.1 m · 6 fl. |
| 62810C0751/00H000 | Wallonia | 613 m² | 1 · 179 m² | 15.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 183 companies in sector 46411 we hold annual accounts for 112. 63 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
Founded10-04-1980
Fiscal year end31-12
Activities, NACEBEL 2025
46411Wholesale trade
47512Retail sale of household textiles and bedding
47511Retail trade
Contact
E-mail
miver.cm@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420475006
Also
9925:BE0420475006
Registered
25-09-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.