Debts
€915,500 88% of the balance sheet
Financial debts 67%Taxes and wages 0%Other 33%
€555,836 of the debts are secured on the company's own assets. In 2022 that was €184,679.
BELVIER
Lifetime
14 annual accounts with figures on one time axispeak €72,120 (2025)
€72,120▲ 15.5%
lowest -€17,239 (2025)
-€17,239▼ €33,759
peak €137,875 (2024)
€120,636▼ 12.5%
€915,500▲ 105%
Board2 names since 2022
1 directorBUCSÀN Olivier
Documentsfilings and deeds
08-12-202554 days before the deadline
2025abbreviated format
Gross margin from €62,419 to €72,120Loss of €17,239Equity from €137,875 to €120,636Debts from €447,321 to €915,500Investments €515,033
Key points
from the 2025 annual accountsInvestments
€475,622 7.2 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 77.6% higher than in 2024.
Filings
14 annual accounts since 2012
The last five annual accounts were filed 53 to 59 days before the end of the period.
Checked score
87
Excellent
Financially stronger than 32% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.1%▼ -0.1 percentage points vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.2%▲ +0.1 percentage points vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.1%▼ -0.1 percentage points vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026highest value
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Equity €120,636 (11.6% of total assets)
Liquidity: current ratio 0.03, cash €12,330
lowers risk
Size: total assets €1.0m
Figures for financial year 2025 (filed on 08-12-2025)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 32% of them on solvency, 25% on liquidity, 43% on profitability and 26% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,423 companies had the same profile as BELVIER has now. Each dot stands for 4 companies, two years later.
96.5%
were still trading
2.2%
stopped another way
1.0%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BELVIER itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,423 companies, not a prediction for BELVIER. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.03 (0.04 in 2024), below 1. Short-term debt is 40.5% and cash 1.2% of total assets. 88.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
53 days early
2023
57 days early
2022
57 days early
2021
59 days early
2020
41 days early
2019
53 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 53 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 5 December (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0834215638
Reappointments: BUCSÀN Olivier (director) and DEVRIENDT Isabelle (director)
General meeting of 26-09-2022 · Gazette deed
First establishment
Moorseelsesteenweg 97, Roeselare
Incorporation
published on 04-03-2011 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as BELVIER: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €983,000 and €1.3m, founded between 2009 and 2011.
Official details
Source: KBO- Status
- Active since 02-03-2011Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.196.677.9358800 Roeselare, since 11-03-2011
- Financial year end
- 30 June
- Peppol
- Reachable since 17-09-2025
Annual accounts to 30-06-2025
- ≈ €93,000estimated
- €1.0m▲ 77.1%
- Filing
- Filed on 08-12-2025, 54 days before the end of the filing period
Insights on BELVIER
BELVIER files the abbreviated format. That format states no turnover. The gross margin rose from €17,998 in 2012 to €72,120 in 2025.
The balance sheet grew most in 2025 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BELVIER
- What is the company number of BELVIER?
- The company number of BELVIER is 0834.215.638. The VAT number is the same number with BE in front: BE 0834.215.638.
- Where is BELVIER based?
- The registered office is at Moorseelsesteenweg 97, 8800 Roeselare.Company details
- What does BELVIER do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of BELVIER?
- BELVIER is a private limited company (BV).
- When was BELVIER founded?
- BELVIER was founded on 02-03-2011.
- Is BELVIER still active?
- Yes, BELVIER is an active enterprise in the KBO register.
- What is the turnover of BELVIER?
- The turnover in financial year 2025 is ≈ €93,000. This figure is estimated from the gross margin of €72,120 and 45 comparable companies (NACE 682). It probably lies between €81,000 and €120,000.Financials
- Is BELVIER profitable?
- In financial year 2025, BELVIER made a loss of €17,239.
- Where can I find the annual accounts of BELVIER?
- BELVIER filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BELVIER due?
- BELVIER must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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