Belzis

Active

Private limited companyfounded 20197 yrs activeBegijnenweide 3, 2800 Mechelen, BelgiumKBO/BCE: BE 0723.515.575

Belzis has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-225k) and a net result of €-89k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 9713 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

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Checked score

Score 2024

43 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability34▲+10

Solvency22▼-1

Growth58▲+26

Track record100

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity ample (current ratio 2.31 against 2.1 in 2023; short-term debt: 43.4% and cash: 0% of total assets), but equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 68

lower

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

-3.2%

Return on assets

-1.2%

Age of the figures

21 mo

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

2021222324

2020 to 2024 · latest year €-225k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

67 d late

2023

89 d late

2022

78 d late

2021

31 d late

2020

92 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€-225k▼ 65.0%

2023 · €-137k

2020: €-113k 2021: €273k 2022: €283k 2023: €-137k

2020 → 2024

Total assets

€7.15M▼ 8.8%

2023 · €7.84M

2020: €6.51M 2021: €6.47M 2022: €6.71M 2023: €7.84M

2020 → 2024

Net result

€-89k▲ 78.8%

2023 · €-419k

2020: €-363k 2021: €686k 2022: €10k 2023: €-419k

2020 → 2024

Working capital

€4.05M▼ 1.3%

2023 · €4.10M

2020: €4.26M 2021: €1.16M 2022: €4.43M 2023: €4.10M

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-113k-€273k€283k▲ 3.7%€-137k€-225k▼ 65.0%

Operating result€-225k-€753k€669k▼ 11.1%€-132k€353k

Net result€-363k-€686k€10k▼ 98.5%€-419k€-89k▲ 78.8%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €353k after a loss of €132k in 2023.

Key figures and ratios

2024 value · change against 2023

Solvency

-3.2%▼

2023 · -1.7%

Current ratio

2.31▲

2023 · 2.10

Quick ratio

1.20▲

2023 · 0.94

Debt / equity

-32.73▲

2023 · -58.41

ROA

-1.2%▲

2023 · -5.3%

Debt

€7.37M▼

2023 · €7.98M

Debt ≤ 1 year

€3.10M▼

2023 · €3.74M

Debt > 1 year

€4.00M=

2023 · €4.00M

Income taxes

€0▲

2023 · €-1k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€7.84M€7.15M▼

Current assets29/58€7.84M€7.15M▼

Amounts receivable after more than one year29€1.41M€1.28M▼

Other amounts receivable291€1.41M€1.28M▼

Stocks and contracts in progress3€4.32M€3.43M▼

Stocks30/36€4.32M€3.43M▼

Amounts receivable within one year40/41€2.10M€2.43M▲

Trade receivables40€947k€1.41M▲

Other amounts receivable41€1.15M€1.02M▼

Cash at bank and in hand54/58€5k€3k▼

Deferred charges and accrued income490/1€4k€516▼

Equity and liabilities

Total equity and liabilities10/49€7.84M€7.15M▼

Equity10/15€-137k€-225k▼

Contributions10/11€250k€250k=

Profit (loss) carried forward14€-387k€-475k▼

Amounts payable17/49€7.98M€7.37M▼

Amounts payable after more than one year17€4.00M€4.00M=

Financial debts170/4€4.00M€4.00M=

Amounts payable within one year42/48€3.74M€3.10M▼

Financial debts43€2.43M€1.38M▼

Credit institutions430/8€2.43M€1.38M▼

Trade debts44€428k€62k▼

Suppliers440/4€428k€62k▼

Taxes, remuneration and social security45€4k€4k▼

Taxes450/3€4k€4k▼

Other amounts payable47/48€880k€1.66M▲

Accrued charges and deferred income492/3€235k€273k▲

Income statement Code20232024

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-

Other operating charges640/8€7k€9k▲

Gross operating margin9900€-125k€361k▲

Operating profit (loss)9901€-132k€353k▲

Financial income75/76B€2k€17▼

Recurring financial income75€2k€17▼

Financial charges65/66B€291k€441k▲

Recurring financial charges65€291k€441k▲

Profit (loss) for the period before taxes9903€-420k€-89k▲

Income taxes67/77€-1k€0▲

Profit (loss) for the period9904€-419k€-89k▲

Profit (loss) for the period to be appropriated9905€-419k€-89k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-387k€-475k▼

Profit (loss) brought forward from the previous period14P€33k€-387k▼

Social balance

Average headcount (FTE)90870.00.0=

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 4Filings 5

2025

06-10

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 67 days late

2024

28-10

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 89 days late

2023

31-12

Financial Weakest financial yearnet €-419k ▼4222%

Net result drops to €-419k, the lowest in the series; recovery starts the following year.

17-10

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 78 days late

2022

31-12

Financial Liquidity doublescurrent ratio 2.94

Current ratio from 1.22 to 2.94; short-term debt falls from €5.31M to €2.28M.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 31 days late

2021

31-12

Financial Back to profitnet €686k

Net result €686k after one loss-making year.

31-12

Financial Equity above €200kEq €273k

Equity rises from €-113k to €273k.

31-10

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 92 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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, Mechelen · 1 establishment unit since 2019

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Begijnenweide 32800 Mechelen

Ground area

275 m²

Building footprint

270 m²

Volume, LiDAR

3,248 m³

Parcel 12402B0494/00N002, Flanders · tallest building 16.6 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

Belzis

Begijnenweide 3, 2800 MechelenRenting and operating of own or leased non-residential real estate, excluding land

since 20192.291.410.709

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12402B0494/00N002	Flanders	275 m²	1 · 270 m²	16.6 m · 5 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

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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VASTGOEDBEHEER EN MAKELAARSKANTOOR

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Onroerend Goed Invest

Of 7,321 companies in sector 68110 we hold annual accounts for 5,380. 3,851 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded22-03-2019

Fiscal year end31-12

Activities, NACEBEL

68110Buying and selling of own real estate

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.