BELVIET
ActiveSummary
BELVIET has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.4m and a net result of €61,616. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 89% of 6133 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▼-9
Solvency100=
Growth56▲+1
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity ample (current ratio 2.14 against 4.89 in 2023; short-term debt: 8.7% and cash: 14.3% of total assets), and 17.9% of the assets are financed with debt.
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Signals
Five 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 2024Solvency, return and age of the figures
Solvency
82.1%
Return on assets
0.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-06-2025, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
40 d early
2023
47 d early
2022
54 d early
2021
81 d early
2020
30 d early
2019
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 39 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 (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€663,095▼ 1.1%
2023 · €670,346
EBIT margin
18.6%▼ 11.0pp
2023 · 29.6%
Net result
€61,616▼ 94.5%
2023 · €1.1m
Working capital
€653,405▼ 75.9%
2023 · €2.7m
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
Line20202021202220232024
Turnover€660,613▼ 10.4%€626,893▼ 5.1%€670,706▲ 7.0%€670,346▼ 0.1%€663,095▼ 1.1%
Operating result€242,561▲ 19.6%€232,265▼ 4.2%€279,323▲ 20.3%€198,302▼ 29.0%€123,474▼ 37.7%
Net result€147,119within the sector's middle half▼ 86.6%€133,256within the sector's middle half▼ 9.4%€4.2mabove the sector's middle half▲ 3,034%€1.1mabove the sector's middle half▼ 73.2%€61,616within the sector's middle half▼ 94.5%
EBIT margin36.7%▲ 9.2pp37.1%▲ 0.3pp41.6%▲ 4.6pp29.6%▼ 12.1pp18.6%▼ 11.0pp
Equity€2.6mwithin the sector's middle half▲ 6.0%€2.4mwithin the sector's middle half▼ 6.4%€6.6mabove the sector's middle half▲ 171%€7.7mabove the sector's middle half▲ 16.9%€5.4mabove the sector's middle half▼ 30.2%
Total assets€8.1mwithin the sector's middle half▲ 61.4%€9.1mwithin the sector's middle half▲ 13.1%€8.5mwithin the sector's middle half▼ 6.4%€9.1mwithin the sector's middle half▲ 6.7%€6.6mwithin the sector's middle half▼ 27.6%
Debt€5.4m▲ 115%€6.7m▲ 22.4%€1.9m▼ 71.4%€1.4m▼ 28.9%€1.2m▼ 13.0%
Working capital-€1.5mbelow the sector's middle half▲ 15.8%-€2.1mbelow the sector's middle half▼ 38.6%€1.7mwithin the sector's middle half€2.7mwithin the sector's middle half▲ 56.0%€653,405within the sector's middle half▼ 75.9%
Solvency32.4%within the sector's middle half▼ 16.9pp26.8%within the sector's middle half▼ 5.6pp77.6%above the sector's middle half▲ 50.8pp85.1%above the sector's middle half▲ 7.5pp82.1%above the sector's middle half▼ 3.0pp
Current ratio0.69below the sector's middle half▲ 0.660.62below the sector's middle half▼ 0.072.46within the sector's middle half▲ 1.844.89above the sector's middle half▲ 2.432.14within the sector's middle half▼ 2.75
Return on assets (ROA)1.8%within the sector's middle half▼ 20.2pp1.5%within the sector's middle half▼ 0.4pp49.0%above the sector's middle half▲ 47.5pp12.3%above the sector's middle half▼ 36.7pp0.9%within the sector's middle half▼ 11.4pp
Staff (FTE)0.5below the sector's middle half▼ 28.6%1below the sector's middle half▲ 100%1below the sector's middle half=0.8below the sector's middle half▼ 20.0%0.8below the sector's middle half=
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 has fallen two years in a row; 2024 is 38% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.6m
Fixed assets
€5.4m ▼ 5.7%
Current assets
€1.2m ▼ 64.0%
Equity and liabilities €6.6m
Equity
€5.4m ▼ 30.2%
Debt
€1.2m ▼ 13.0%
Debt's share of the balance-sheet total rises from 14.9% to 17.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€483,688▼
2023 · €536,120
Cash flow
€421,830▼
2023 · €1.5m
Debt to equity
0.22▲
2023 · 0.18
ROE
1.1%▼
2023 · 14.5%
Interest coverage
12.33▼
2023 · 15.06
Debt ≤ 1 year
€573,998▼
2023 · €698,198
Debt > 1 year
€580,833▼
2023 · €637,500
Income taxes
€22,646▼
2023 · €43,446
Staff costs
€99,566▼
2023 · €108,297
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
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 0.3% 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 17,027 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 1.3% |
| Turnover70 | €660,613 | €626,893 | €670,706 | €670,346 | €663,095 | ▼ 1.1% |
| Other operating income74 | - | €436,857 | €418,172 | €471,140 | €460,869 | ▼ 2.2% |
| Non-recurring operating income76A | - | €0 | €1,335 | €0 | €2,972 | - |
| Operating charges60/66A | - | €831,485 | €810,890 | €943,184 | €1.0m | ▲ 6.4% |
| Services and other goods61 | - | €393,382 | €375,130 | €459,452 | €501,129 | ▲ 9.1% |
| Remuneration, social security and pensions62 | - | €94,770 | €97,942 | €108,297 | €99,566 | ▼ 8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €238,708 | €315,256 | €303,645 | €337,819 | €360,214 | ▲ 6.6% |
| Other operating charges640/8 | - | €28,077 | €34,173 | €37,617 | €42,553 | ▲ 13.1% |
| Operating profit (loss)9901 | €242,561 | €232,265 | €279,323 | €198,302 | €123,474 | ▼ 37.7% |
| Financial income75/76B | - | - | €4.0m | €999,990 | €15 | ▼ 100.0% |
| Recurring financial income75 | €0 | - | €4.0m | €999,990 | €15 | ▼ 100.0% |
| Income from financial fixed assets750 | - | - | €4.0m | €999,990 | €15 | ▼ 100.0% |
| Other financial income752/9 | - | - | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €42,276 | €37,134 | €35,595 | €39,227 | ▲ 10.2% |
| Recurring financial charges65 | €45,513 | €42,276 | €37,134 | €35,595 | €39,227 | ▲ 10.2% |
| Debt charges650 | €45,503 | €42,276 | €37,131 | €35,595 | €39,227 | ▲ 10.2% |
| Other financial charges652/9 | - | €0 | €3 | €0 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €197,048 | €189,989 | €4.2m | €1.2m | €84,263 | ▼ 92.8% |
| Income taxes67/77 | €49,928 | €56,734 | €66,161 | €43,446 | €22,646 | ▼ 47.9% |
| Taxes670/3 | - | €57,457 | €66,880 | €43,446 | €22,646 | ▼ 47.9% |
| Tax adjustments and reversals of tax provisions77 | - | €723 | €719 | €0 | - | - |
| Profit (loss) for the period9904 | €147,119 | €133,256 | €4.2m | €1.1m | €61,616 | ▼ 94.5% |
| Profit (loss) for the period to be appropriated9905 | €147,119 | €133,256 | €4.2m | €1.1m | €61,616 | ▼ 94.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.1m | €9.1m | €8.5m | €9.1m | €6.6m | ▼ 27.6% |
| Fixed assets21/28 | €4.7m | €5.8m | €5.6m | €5.7m | €5.4m | ▼ 5.7% |
| Tangible fixed assets22/27 | €3.9m | €5.0m | €4.8m | €4.9m | €4.6m | ▼ 6.6% |
| Land and buildings22 | - | €5.0m | €4.7m | €4.6m | €4.3m | ▼ 6.5% |
| Plant, machinery and equipment23 | - | €3,479 | €2,642 | €140,230 | €124,364 | ▼ 11.3% |
| Furniture and vehicles24 | - | €456 | €80,075 | €151,216 | €144,691 | ▼ 4.3% |
| Assets under construction and advance payments27 | - | - | €44,431 | €0 | - | - |
| Financial fixed assets28 | €746,279 | €746,279 | €746,279 | €746,279 | €746,289 | = |
| Affiliated companies280/1 | - | €743,669 | €743,669 | €743,669 | €743,669 | = |
| Participating interests280 | - | €743,669 | €743,669 | €743,669 | €743,669 | = |
| Other financial fixed assets284/8 | - | €2,609 | €2,609 | €2,609 | €2,620 | ▲ 0.4% |
| Amounts receivable and cash guarantees285/8 | - | €2,609 | €2,609 | €2,609 | €2,620 | ▲ 0.4% |
| Current assets29/58 | €3.4m | €3.4m | €2.9m | €3.4m | €1.2m | ▼ 64.0% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | - | - |
| Amounts receivable within one year40/41 | €2.5m | €2.6m | €2.5m | €2.7m | €283,486 | ▼ 89.5% |
| Trade receivables40 | - | €50,654 | €11,964 | €202,085 | €251,802 | ▲ 24.6% |
| Other amounts receivable41 | - | €2.5m | €2.5m | €2.5m | €31,684 | ▼ 98.7% |
| Cash at bank and in hand54/58 | €858,776 | €797,833 | €421,537 | €700,489 | €941,567 | ▲ 34.4% |
| Deferred charges and accrued income490/1 | - | €224 | €785 | €1,831 | €2,350 | ▲ 28.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.1m | €9.1m | €8.5m | €9.1m | €6.6m | ▼ 27.6% |
| Equity10/15 | €2.6m | €2.4m | €6.6m | €7.7m | €5.4m | ▼ 30.2% |
| Contributions10/11 | €273,947 | €273,947 | €273,947 | €273,947 | €283,947 | ▲ 3.7% |
| Capital10 | - | €273,947 | €273,947 | €273,947 | €283,947 | ▲ 3.7% |
| Issued capital100 | - | €273,947 | €273,947 | €273,947 | €283,947 | ▲ 3.7% |
| Reserves13 | €2.3m | €2.2m | €6.3m | €7.5m | €5.0m | ▼ 32.7% |
| Non-distributable reserves130/1 | - | €195,070 | €195,070 | €195,070 | €195,070 | = |
| Legal reserve130 | - | €195,070 | €195,070 | €195,070 | €195,070 | = |
| Distributable reserves133 | - | €2.0m | €6.1m | €7.3m | €4.8m | ▼ 33.6% |
| Profit (loss) carried forward14 | €401 | €0 | - | - | €95,015 | - |
| Amounts payable17/49 | €5.4m | €6.7m | €1.9m | €1.4m | €1.2m | ▼ 13.0% |
| Amounts payable after more than one year17 | €550,000 | €1.2m | €694,167 | €637,500 | €580,833 | ▼ 8.9% |
| Financial debts170/4 | - | €1.2m | €694,167 | €637,500 | €580,833 | ▼ 8.9% |
| Credit institutions173 | - | €1.2m | €694,167 | €637,500 | €580,833 | ▼ 8.9% |
| Amounts payable within one year42/48 | €4.9m | €5.4m | €1.2m | €698,198 | €573,998 | ▼ 17.8% |
| Current portion of amounts payable after more than one year42 | - | €156,667 | €56,667 | €56,667 | €56,667 | = |
| Financial debts43 | - | €425,005 | €325,000 | €0 | - | - |
| Credit institutions430/8 | - | €425,005 | €325,000 | €0 | - | - |
| Trade debts44 | €7,856 | €18,422 | €16,974 | €23,308 | €23,127 | ▼ 0.8% |
| Suppliers440/4 | - | €18,422 | €16,974 | €23,308 | €23,127 | ▼ 0.8% |
| Taxes, remuneration and social security45 | - | €85,157 | €118,906 | €48,322 | €32,303 | ▼ 33.2% |
| Taxes450/3 | - | €76,481 | €112,455 | €36,719 | €21,625 | ▼ 41.1% |
| Remuneration and social security454/9 | - | €8,676 | €6,451 | €11,603 | €10,678 | ▼ 8.0% |
| Other amounts payable47/48 | - | €4.8m | €677,901 | €569,901 | €461,901 | ▼ 19.0% |
| Accrued charges and deferred income492/3 | - | €18,695 | €15,674 | €19,417 | €24,025 | ▲ 23.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €147,119 | €133,256 | €4.2m | €1.1m | €61,616 | ▼ 94.5% |
| + Depreciation and write-downs630 | €238,708 | €315,256 | €303,645 | €337,819 | €360,214 | ▲ 6.6% |
| Operating cash flow (approximation) | €385,827 | €448,512 | €4.5m | €1.5m | €421,830 | ▼ 71.0% |
| Investment in fixed assets (approximation) | - | -€1.4m | -€139,860 | -€429,226 | -€35,704 | ▲ 91.7% |
| Change in cash | - | -€60,943 | -€376,296 | €278,952 | €241,078 | ▼ 13.6% |
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
2025
21-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €4.2m ▲3,034%
Operating result €279,323, net result €4.2m, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 2.46
Current ratio from 0.62 to 2.46; short-term debt falls from €5.4m to €1.2m.
31-12
Financial
Equity above €5mEq €6.6m ▲171%
5 profitable years in a row build equity to €6.6m.
11-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 18 days late
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · 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 1994
Ground area
585 m²
Building footprint
102 m²
Volume, LiDAR
440 m³
Parcel 34302B0865/00P002, Flanders · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BELVIET
since 19942.067.110.481
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34302B0865/00P002indicative | Flanders | 585 m² | 1 · 102 m² | 7.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
-
35%
Holdings 1
-
100%
According to the 2023 annual accounts of BELVIET and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 4,414 companies in sector 46180 we hold annual accounts for 1,892. 353 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-05-1994
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
64210Activities of holding companies
25999Manufacture of fabricated metal products, except machinery and equipment
30310Manufacture of other transport equipment
32400Other manufacturing
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452640503
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.