BILLIEF
ActiveThe file of BILLIEF contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 0.8% (low). The 2025 annual accounts show equity of €11,065 and a net result of €43,501. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 7930 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+84
Solvency32▲+30
Growth58▲+26
Track record85
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.28 against 0.94 in 2024; short-term debt: 77.5% and cash: 5.2% of total assets), and 93.1% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
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
6.9%
Return on assets
27.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 7930 sector peers (2025).
NBB · sector comparisonPosition among 7930 sector peers
Solvency
better than 10%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
9 d early
2023
89 d late
2022
455 d late
2021
508 d late
2020
194 d late
2019
263 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 214 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 29 October (4 of the last 5 filed years within 365 days of that day).
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, abbreviated schema
Equity
€11,065
2024 · -€32,436
Total assets
€159,972▲ 14.9%
2024 · €139,177
Net result
€43,501
2024 · -€3,030
Working capital
€34,103
2024 · -€9,286
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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€74,764▲ 59.7%-€81,928-€25,775▲ 68.5%-€128,781▼ 400%€48,085
Net result€51,978above the sector's middle half▲ 16.7%-€85,220below the sector's middle half-€32,474below the sector's middle half▲ 61.9%-€3,030below the sector's middle half▲ 90.7%€43,501within the sector's middle half
Equity€88,289within the sector's middle half▲ 143%€3,069below the sector's middle half▼ 96.5%-€29,406below the sector's middle half-€32,436below the sector's middle half▼ 10.3%€11,065below the sector's middle half
Total assets€196,913within the sector's middle half▲ 0.8%€261,385within the sector's middle half▲ 32.7%€119,241within the sector's middle half▼ 54.4%€139,177within the sector's middle half▲ 16.7%€159,972below the sector's middle half▲ 14.9%
Debt€108,625▼ 31.7%€258,316▲ 138%€148,646▼ 42.5%€171,613▲ 15.5%€148,907▼ 13.2%
Working capital€115,126above the sector's middle half▲ 13.8%€111,994above the sector's middle half▼ 2.7%-€6,774below the sector's middle half-€9,286below the sector's middle half▼ 37.1%€34,103within the sector's middle half
Solvency44.8%within the sector's middle half▲ 26.2pp1.2%below the sector's middle half▼ 43.7pp-24.7%below the sector's middle half▼ 25.8pp-23.3%below the sector's middle half▲ 1.4pp6.9%below the sector's middle half▲ 30.2pp
Current ratio2.50within the sector's middle half▲ 0.381.78within the sector's middle half▼ 0.720.95below the sector's middle half▼ 0.830.94below the sector's middle half▼ 0.011.28within the sector's middle half▲ 0.34
Return on assets (ROA)26.4%above the sector's middle half▲ 3.6pp-32.6%below the sector's middle half▼ 59.0pp-27.2%below the sector's middle half▲ 5.4pp-2.2%below the sector's middle half▲ 25.1pp27.2%above the sector's middle half▲ 29.4pp
Staff (FTE)0.4
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €48,085 after a loss of €128,781 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €159,972
Fixed assets
€1,962 ▲ 6.1%
Current assets
€158,010 ▲ 15.1%
Equity and liabilities €159,972
Equity
€11,065
Debt
€148,907
Debt finances 93.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€49,083▲
2024 · -€127,440
Cash flow
€44,499▲
2024 · -€1,689
Debt to equity
13.46▲
2024 · -5.29
ROE
393.1%
Interest coverage
10.28▲
2024 · -18.02
Debt ≤ 1 year
€123,907▼
2024 · €146,613
Debt > 1 year
€25,000=
2024 · €25,000
Income taxes
€396▼
2024 · €435
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,324 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
3.1%
stopped otherwise
95%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 1,324 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 | - | - | - | - | €2,873 | - |
| Remuneration, social security and pensions62 | €1,590 | €1,909 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €954 | €1,003 | €1,022 | €1,341 | €998 | ▼ 25.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€3,084 | - | - | €94,000 | - | - |
| Other operating charges640/8 | €3,675 | €6,398 | €2,298 | €2,910 | €7,105 | ▲ 144% |
| Gross operating margin9900 | €77,898 | -€72,619 | -€22,455 | -€30,529 | €56,188 | ▲ 284% |
| Operating profit (loss)9901 | €74,764 | -€81,928 | -€25,775 | -€128,781 | €48,085 | ▲ 137% |
| Financial income75/76B | €214 | €76 | €111 | €133,259 | €586 | ▼ 99.6% |
| Recurring financial income75 | €214 | €76 | €111 | €133,259 | €586 | ▼ 99.6% |
| Financial charges65/66B | €2,610 | €2,999 | €6,356 | €7,074 | €4,773 | ▼ 32.5% |
| Recurring financial charges65 | €2,610 | €2,999 | €6,356 | €7,074 | €4,773 | ▼ 32.5% |
| Profit (loss) for the period before taxes9903 | €72,368 | -€84,851 | -€32,020 | -€2,596 | €43,897 | ▲ 1,791% |
| Income taxes67/77 | €20,390 | €369 | €454 | €435 | €396 | ▼ 9.0% |
| Profit (loss) for the period9904 | €51,978 | -€85,220 | -€32,474 | -€3,030 | €43,501 | ▲ 1,535% |
| Profit (loss) for the period to be appropriated9905 | €51,978 | -€85,220 | -€32,474 | -€3,030 | €43,501 | ▲ 1,535% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €196,913 | €261,385 | €119,241 | €139,177 | €159,972 | ▲ 14.9% |
| Fixed assets21/28 | €4,953 | €5,008 | €2,716 | €1,850 | €1,962 | ▲ 6.1% |
| Tangible fixed assets22/27 | €3,653 | €2,958 | €1,936 | €1,820 | €1,962 | ▲ 7.8% |
| Plant, machinery and equipment23 | €2,343 | €2,958 | €1,936 | €1,801 | €899 | ▼ 50.1% |
| Furniture and vehicles24 | €1,310 | - | - | €19 | €1,063 | ▲ 5,470% |
| Financial fixed assets28 | €1,300 | €2,050 | €780 | €30 | - | - |
| Current assets29/58 | €191,960 | €256,377 | €116,525 | €137,327 | €158,010 | ▲ 15.1% |
| Amounts receivable after more than one year29 | - | - | - | - | €30 | - |
| Other amounts receivable291 | - | - | - | - | €30 | - |
| Amounts receivable within one year40/41 | €171,363 | €242,773 | €115,157 | €128,114 | €148,576 | ▲ 16.0% |
| Trade receivables40 | €148,883 | €220,293 | €48,015 | €71,569 | €95,519 | ▲ 33.5% |
| Other amounts receivable41 | €22,480 | €22,480 | €67,142 | €56,544 | €53,057 | ▼ 6.2% |
| Cash at bank and in hand54/58 | €20,597 | €13,604 | €38 | €7,421 | €8,246 | ▲ 11.1% |
| Deferred charges and accrued income490/1 | - | - | €1,330 | €1,792 | €1,157 | ▼ 35.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €196,913 | €261,385 | €119,241 | €139,177 | €159,972 | ▲ 14.9% |
| Equity10/15 | €88,289 | €3,069 | -€29,406 | -€32,436 | €11,065 | ▲ 134% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €69,689 | -€15,531 | -€48,006 | -€51,036 | -€7,535 | ▲ 85.2% |
| Amounts payable17/49 | €108,625 | €258,316 | €148,646 | €171,613 | €148,907 | ▼ 13.2% |
| Amounts payable after more than one year17 | €24,992 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Financial debts170/4 | €24,992 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Amounts payable within one year42/48 | €76,834 | €144,383 | €123,299 | €146,613 | €123,907 | ▼ 15.5% |
| Trade debts44 | €31,304 | €93,917 | €112,476 | €138,076 | €91,820 | ▼ 33.5% |
| Suppliers440/4 | €31,304 | €93,917 | €112,476 | €138,076 | €91,820 | ▼ 33.5% |
| Advances received on contracts in progress46 | - | - | €10,000 | - | - | - |
| Taxes, remuneration and social security45 | €25,982 | €24,931 | €823 | €1,258 | €3,909 | ▲ 211% |
| Taxes450/3 | €25,982 | €24,931 | €823 | €1,258 | €909 | ▼ 27.7% |
| Remuneration and social security454/9 | - | - | - | - | €3,000 | - |
| Other amounts payable47/48 | €19,548 | €25,536 | - | €7,279 | €28,178 | ▲ 287% |
| Accrued charges and deferred income492/3 | €6,798 | €88,933 | €348 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,978 | -€85,220 | -€32,474 | -€3,030 | €43,501 | ▲ 1,535% |
| + Depreciation and write-downs630 | €954 | €1,003 | €1,022 | €1,341 | €998 | ▼ 25.6% |
| Operating cash flow (approximation) | €52,931 | -€84,218 | -€31,452 | -€1,689 | €44,499 | ▲ 2,734% |
| Investment in fixed assets (approximation) | - | -€1,057 | €1,270 | -€475 | -€1,111 | ▼ 134% |
| Change in cash | - | -€6,994 | -€13,566 | €7,384 | €825 | ▼ 88.8% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €43,501
Net result €43,501 after 3 loss-making years.
30-10
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 23-10-2025
15-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 09-10-2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 89 days late
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 455 days late
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 508 days late
2022
31-12
Financial
Weakest financial yearnet -€85,220
Net result drops to -€85,220, the lowest in the series; recovery starts the following year.
10-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 194 days late
2021
31-12
Financial
Highest result since 2018net €51,978 ▲16.7%
Operating result €74,764, net result €51,978, both a record.
20-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 263 days late
Show earlier events
2020
31-12
Financial
Back to profitnet €44,534
Net result €44,534 after one loss-making year.
2019
04-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 96 days late
2018
14-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 106 days late
2017
05-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 66 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Hasselt · 1 establishment unit since 2010
Ground area
3.7 ha
Building footprint
1,636 m²
Parcel 71323C0727/00C000, Flanders. Linked by address, not a title deed.
52
companies at this address
See who is registered here
1 establishment unit
BILLIEF
since 20102.189.398.084
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0727/00C000 | Flanders | 3.7 ha | 1 · 1,636 m² | - |
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.
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | XAVIER GIELEN Van Dijcklaan 15, 3500 HASSELT- |
09-10-2025 → 23-10-2025 |
| Curator | FREDERIKA VAN SWYGENHOVEN VAN DIJCK-
LAAN 15, 3500 HASSELT |
09-10-2025 → 23-10-2025 |
| Curator | DOMINIC
GIELEN VAN DIJCKLAAN 15, 3500 HASSELT- |
09-10-2025 → 23-10-2025 |
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
- Sourceown accounts 202350%
According to the 2023 annual accounts of BILLIEF 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 400 EUR awarded · 400 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 400 EUR | 400 EUR |
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 5,814 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 (pre-2019)
Founded12-04-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43221Plumbing work
33120Repair and maintenance of machinery
33140Repair and maintenance of electrical equipment
43212Electrical installation work in industrial facilities
46150Agents in the wholesale of furniture, household goods and hardware
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
E-invoicing
Reachable via Peppol
Peppol ID
0208:0824891760
Registered
10-11-2025
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.