BELVIER
ActiveSummary
BELVIER has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121k and a net result of €-17k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 30% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-22
Solvency37▼-12
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.04 in 2024; short-term debt: 40.5% and cash: 1.2% of total assets), and 88.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
11.6%
Return on assets
-1.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-12-2025, 54 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
54 d early
2024
53 d early
2023
57 d early
2022
57 d early
2021
59 d early
2020
41 d early
2019
53 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€121k▼ 12.5%
2024 · €138k
Total assets
€1.04M▲ 77.1%
2024 · €585k
Net result
€-17k
2024 · €17k
Working capital
€-405k▼ 52.5%
2024 · €-266k
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€9k▲ 25.5%€6k▼ 35.8%€-582€30k€-1k
Net result€2k▲ 184%€-52€-7k▼ 13,790%€17k€-17k
Equity€129k▲ 1.8%€129k=€121k▼ 5.6%€138k▲ 13.6%€121k▼ 12.5%
Total assets€576k▼ 3.6%€551k▼ 4.2%€606k▲ 9.9%€585k▼ 3.4%€1.04M▲ 77.1%
Debt€447k▼ 5.1%€423k▼ 5.4%€484k▲ 14.6%€447k▼ 7.6%€916k▲ 105%
Working capital€-234k▲ 2.5%€-231k▲ 1.5%€-256k▼ 11.0%€-266k▼ 3.7%€-405k▼ 52.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1k after €30k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.04M
Fixed assets
€1.02M ▲ 78.4%
Current assets
€14k ▲ 13.8%
Equity and liabilities €1.04M
Equity
€121k ▼ 12.5%
Debt
€916k ▲ 105%
Debt's share of the balance-sheet total rises from 76.4% to 88.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€64k▲
2024 · €56k
Cash flow
€49k▲
2024 · €43k
Current ratio
0.03▼
2024 · 0.04
Debt to equity
7.59▲
2024 · 3.24
ROE
-14.3%▼
2024 · 12.0%
ROA
-1.7%▼
2024 · 2.8%
Interest coverage
4.06▼
2024 · 6.59
Debt ≤ 1 year
€419k▲
2024 · €278k
Debt > 1 year
€493k▲
2024 · €166k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €27k | €36k | €26k | €66k | ▲ 150% |
| Other operating charges640/8 | - | €8k | €5k | €6k | €8k | ▲ 18.9% |
| Gross operating margin9900 | €42k | €41k | €41k | €62k | €72k | ▲ 15.5% |
| Operating profit (loss)9901 | €9k | €6k | €-582 | €30k | €-1k | ▼ 105% |
| Financial charges65/66B | - | €6k | €7k | €8k | €16k | ▲ 87.2% |
| Recurring financial charges65 | €6k | €6k | €7k | €8k | €16k | ▲ 87.2% |
| Profit (loss) for the period before taxes9903 | €3k | €-52 | €-7k | €21k | €-17k | ▼ 182% |
| Income taxes67/77 | €868 | - | - | €5k | - | - |
| Profit (loss) for the period9904 | €2k | €-52 | €-7k | €17k | €-17k | ▼ 204% |
| Profit (loss) for the period to be appropriated9905 | €2k | €-52 | €-7k | €17k | €-17k | ▼ 204% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €576k | €551k | €606k | €585k | €1.04M | ▲ 77.1% |
| Fixed assets21/28 | €551k | €524k | €588k | €573k | €1.02M | ▲ 78.4% |
| Tangible fixed assets22/27 | €551k | €524k | €588k | €573k | €1.02M | ▲ 77.6% |
| Land and buildings22 | - | €524k | €588k | €573k | €1.02M | ▲ 77.6% |
| Financial fixed assets28 | - | - | - | - | €5k | - |
| Current assets29/58 | €24k | €27k | €17k | €12k | €14k | ▲ 13.8% |
| Amounts receivable within one year40/41 | €131 | - | - | - | €1k | - |
| Trade receivables40 | - | - | - | - | €1k | - |
| Cash at bank and in hand54/58 | €24k | €25k | €17k | €12k | €12k | ▲ 2.2% |
| Deferred charges and accrued income490/1 | - | €3k | €329 | €346 | €587 | ▲ 69.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €576k | €551k | €606k | €585k | €1.04M | ▲ 77.1% |
| Equity10/15 | €129k | €129k | €121k | €138k | €121k | ▼ 12.5% |
| Contributions10/11 | - | €113k | €113k | €113k | €113k | = |
| Reserves13 | €16k | €16k | €16k | €25k | €25k | = |
| Non-distributable reserves130/1 | - | €11k | - | - | - | - |
| Reserves not available under the articles1311 | - | €11k | - | - | - | - |
| Distributable reserves133 | - | €5k | €16k | €25k | €25k | = |
| Profit (loss) carried forward14 | - | €-52 | €-7k | - | €-17k | - |
| Amounts payable17/49 | €447k | €423k | €484k | €447k | €916k | ▲ 105% |
| Amounts payable after more than one year17 | €185k | €161k | €207k | €166k | €493k | ▲ 197% |
| Financial debts170/4 | - | €161k | €207k | €166k | €493k | ▲ 197% |
| Amounts payable within one year42/48 | €259k | €258k | €273k | €278k | €419k | ▲ 50.8% |
| Current portion of amounts payable after more than one year42 | - | €24k | €41k | €41k | €63k | ▲ 51.7% |
| Financial debts43 | - | €125k | €125k | €121k | €121k | = |
| Other loans439 | - | €125k | €125k | €121k | €121k | = |
| Taxes, remuneration and social security45 | - | €2k | €2k | €6k | €1k | ▼ 76.1% |
| Taxes450/3 | - | €2k | €2k | €6k | €1k | ▼ 76.1% |
| Other amounts payable47/48 | - | €108k | €106k | €109k | €234k | ▲ 114% |
| Accrued charges and deferred income492/3 | - | €4k | €4k | €3k | €3k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €-52 | €-7k | €17k | €-17k | ▼ 204% |
| + Depreciation and write-downs630 | €27k | €27k | €36k | €26k | €66k | ▲ 150% |
| Operating cash flow (approximation) | €30k | €27k | €29k | €43k | €49k | ▲ 13.3% |
| Investment in fixed assets (approximation) | - | €0 | €-101k | €-11k | €-515k | ▼ 4,713% |
| Change in cash | - | €511 | €-8k | €-5k | €265 | ▲ 106% |
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
2025
08-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series.
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
2023
05-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
03-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
28-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
07-12
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 2 acts read
About the unread acts
We know of 2 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
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, Roeselare · 1 establishment unit since 2011
Ground area
131 m²
Building footprint
145 m²
Volume, LiDAR
680 m³
Parcel 36017C0150/00N000, Flanders · tallest building 10.4 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BELVIER
since 20112.196.677.935
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017C0150/00N000 | Flanders | 130 m² | 1 · 145 m² | 10.4 m · 1 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.
Similar companies · same sector, comparable size
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Fratellimmo
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MIGER
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 3,940 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
Founded02-03-2011
Fiscal year end30-06
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.