PHYSIO BELLEMANS

Active

Private limited companyfounded 20224 yrs activeLeuvenseweg 13, 3020 Herent, BelgiumKBO/BCE: BE 0779.906.328

The computed 12-month bankruptcy probability of PHYSIO BELLEMANS is 3.3% (moderate). The 2025 annual accounts show equity of €42k and a net result of €15k. Equity is growing by ~8.4% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

78 / 100

Excellent

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

Axes · tick = 2024

Profitability100▲+20

Solvency97▼-3

Growth52=

Track record94

Bankruptcy probability, 12 months

3.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity ample (current ratio 3.21 against 10.06 in 2024; short-term debt: 28.2% and cash: 70% of total assets), and 28.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven 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

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

71.7%

Return on assets

25.3%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-05-2026, 80 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

80 d early

2024

42 d early

2023

49 d early

2022

47 d early

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

20-09-2026 today31-12-2026 close31-07-2027 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 2025, micro schema

Equity

€42k▼ 0.2%

2024 · €42k

2022: €32k 2023: €39k 2024: €42k

2022 → 2025

Total assets

€59k▲ 26.9%

2024 · €46k

2022: €33k 2023: €43k 2024: €46k

2022 → 2025

Net result

€15k▲ 247%

2024 · €4k

2022: €27k 2023: €7k 2024: €4k

2022 → 2025

Working capital

€37k▼ 0.2%

2024 · €37k

2022: €28k 2023: €32k 2024: €37k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€32k-€39k▲ 20.5%€42k▲ 9.0%€42k▼ 0.2%

Operating result€35k-€11k▼ 67.7%€7k▼ 37.1%€20k▲ 184%

Net result€27k-€7k▼ 72.6%€4k▼ 41.9%€15k▲ 247%

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

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 184% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €58k

91.5%

Fixed assets €5k▲ 13.9%

Current assets €53k▲ 30.6%

Equity and liabilities €59k

71.7%

28.3%

Equity €42k▼ 0.2%

Debt €17k▲ 306%

The debt ratio rises from 8.9% to 28.3%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€24k▲

2024 · €9k

Cash flow

€18k▲

2024 · €7k

Solvency

71.7%▼

2024 · 91.1%

Current ratio

3.21▼

2024 · 10.06

Quick ratio

3.21▼

2024 · 10.06

Debt / equity

0.39▲

2024 · 0.10

ROE

35.3%▲

2024 · 10.2%

ROA

25.3%▲

2024 · 9.3%

Interest coverage

32.73▲

2024 · 11.11

Debt

€17k▲

2024 · €4k

Debt ≤ 1 year

€17k▲

2024 · €4k

Income taxes

€5k▲

2024 · €2k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€46k€59k▲

Formation expenses20€1k€635▼

Fixed assets21/28€4k€5k▲

Tangible fixed assets22/27€4k€5k▲

Plant, machinery and equipment23€3k€2k▼

Furniture and vehicles24€1k€3k▲

Current assets29/58€41k€53k▲

Amounts receivable within one year40/41€6k€11k▲

Trade receivables40€28€11k▲

Other amounts receivable41€6k€166▼

Cash at bank and in hand54/58€24k€41k▲

Deferred charges and accrued income490/1€11k€813▼

Equity and liabilities

Total equity and liabilities10/49€46k€59k▲

Equity10/15€42k€42k▼

Contributions10/11€6k€6k=

Reserves13€10k€10k=

Distributable reserves133€10k€10k=

Profit (loss) carried forward14€26k€26k▼

Amounts payable17/49€4k€17k▲

Amounts payable within one year42/48€4k€17k▲

Trade debts44€2k€974▼

Suppliers440/4€2k€974▼

Taxes, remuneration and social security45€584€676▲

Remuneration and social security454/9€584€676▲

Other amounts payable47/48€2k€15k▲

Accrued charges and deferred income492/3€51€46▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲

Other operating charges640/8€64€465▲

Gross operating margin9900€10k€24k▲

Operating profit (loss)9901€7k€20k▲

Financial income75/76B-€0

Recurring financial income75-€0

Financial charges65/66B€854€721▼

Recurring financial charges65€854€721▼

Profit (loss) for the period before taxes9903€6k€20k▲

Income taxes67/77€2k€5k▲

Profit (loss) for the period9904€4k€15k▲

Profit (loss) for the period to be appropriated9905€4k€15k▲

Appropriation of the result

Profit (loss) to be appropriated9906€29k€41k▲

Profit (loss) brought forward from the previous period14P€25k€26k▲

Transfer to equity691/2€2k€0▼

To other reserves6921€2k€0▼

Profit to be distributed694/7€800€15k▲

Return on contributions (dividend)694€800€15k▲

The notes to these accounts (7 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 5Financial 1Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

12-05

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

19-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €4k ▼41.9%

Net result drops to €4k, the lowest in the series; recovery starts the following year.

12-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

14-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

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

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, Herent · 2 establishment units since 2022

establishment All 2 establishment units 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.

Leuvenseweg 133020 Herent

Ground area

1,208 m²

Building footprint

265 m²

Volume, LiDAR

2,228 m³

2 parcels, Flanders · tallest building 12.6 m, ±4 floors. Linked by address, not a title deed.

2 establishment units

PHYSIO BELLEMANS

Leuvenseweg 13, 3020 HerentManufacture of medical and dental instruments and supplies

since 20222.326.838.869

Peperstraat 30, 3071 Kortenberg

Human health activities

since 20222.337.801.057

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24025C0017/00V000	Flanders	720 m²	1 · 166 m²	12.6 m · 4 fl.
24423H0352/00G000	Flanders	487 m²	1 · 99 m²	8.9 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 4 entries · 2,421 EUR awarded · 2,421 EUR paid

Year	Entries	awarded	paid
2025	1	570 EUR	570 EUR
2024	1	486 EUR	486 EUR
2023	1	186 EUR	186 EUR
2022	1	1,179 EUR	1,179 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

4 entries · 2,421 EUR · 2,421 EUR paid · Fonds voor Innoveren en Ondernemen

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded10-01-2022

Fiscal year end31-12

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.