Financials
- Financial year
- 2024
- Total assets
- €58,228
- Profit
- €21,921
- Solvency
- -171.0%
Total assets▼ 4.4%
Net result
20222024
UNDER BELLY
ActiveSummary
UNDER BELLY is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. For UNDER BELLY, one filing cycle of the annual accounts is missing. The 2024 annual accounts show negative equity (-€99,581) and a net result of €21,921. Equity is shrinking by about 72% per year across the filed financial years. Its solvency ranks better than 5% of 9,711 sector peers (NACE 64, financial year 2024). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
1 site
Size
€58,228total assets 2024
- Equity
- -€99,581
- Profit
- €21,921
Turnover not published (abbreviated or micro format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
- Holdings
- 1
Accounts 81 days overdue1 of 3 deeds read
Signalsraises riskWeak solvency vs sectorAnnual accounts not filedneutralFiled after the deadlineShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Filing: One filing cycle is missing
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
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Signals
Three signals.
raises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9711 sector peers (2024).
NBB · sector comparisonPosition among 9711 sector peers
Solvency
better than 5%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 81 days later.
NBB · 3 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline20-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
not filed
2024
60 days late
2023
89 days late
2022
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 60 days after the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Back to profitnet €21,921
- Annual accounts filedfinancial year 2023 · micro…
Key points
- Risk: Negative equityfinancial year 2024: debts exceed assets -€99,581 View
- Caution: Among the weakest 5% on solvencysector median 54.8% · 9,711 companies -171.0% View
- Positive: Back in profit in 2024after -€165,694 in 2023 €21,921 View
- Caution: Accounts not fileddeadline was 31-07-2026 81 days late View
By topic
Network & group
- Subsidiaries
- 1
1 subsidiary
Timeline
- Events
- 6
- Since
- 2023
- 21-05-2024Resignations & appointments · Restructuring
- 31-12-2023Weakest financial year
- 31-08-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Activities of holding companiesNACE 64210
- Founded
- 24-12-2021
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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