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Van Belle

Active
Private limited companyfounded 198145 yrs activeSteenweg 29, 1730 Asse, BelgiumKBO/BCE: BE 0421.871.608
Summary

Van Belle has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €167,022. Equity is growing by ~45.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability55▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity ample (current ratio 7.49; short-term debt: 13.3% and cash: 0.7% of total assets), and 13.3% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 45 years 0 50 y
lowers risk · 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
86.7%
Return on assets
7.1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-03-2026, 37 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
37 d early
2024
50 d early
2023
48 d early
2022
37 d early
2021
38 d early
2020
39 d early
2019
45 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 42 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 23 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
neutral · 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

History

Van Belle was incorporated on 1 August 1981.1 Total assets rose from EUR 228,073 in 2018 to EUR 2.3 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€2.0m▲ 6.1%
2024 · €1.9m
Total assets
€2.3m▲ 22.3%
2024 · €1.9m
Net result
€167,022▲ 37.5%
2024 · €121,488
Working capital
€2.0m▲ 13.3%
2023 · €1.8m
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€555▲ 20.6%-€9,885▼ 1,681%-€7,650▲ 22.6%-€5,209▲ 31.9%-€2,769▲ 46.8%
Net result€167,609▲ 39.8%€1.1m▲ 549%€182,403▼ 83.2%€121,488▼ 33.4%€167,022▲ 37.5%
Equity€518,741▲ 47.7%€1.6m▲ 210%€1.8m▲ 11.4%€1.9m▲ 6.8%€2.0m▲ 6.1%
Total assets€5.3m▼ 10.6%€1.7m▼ 68.0%€1.9m▲ 9.8%€1.9m▲ 2.0%€2.3m▲ 22.3%
Debt€4.8m▼ 14.2%€100,761▼ 97.9%€85,596▼ 15.1%€2,179▼ 97.5%€312,234▲ 14,229%
Working capital€518,741▲ 47.7%€1.6m▲ 210%€1.8m▲ 11.4%€2.0m
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€500,000€0€500,000€1.0mOperating result 2021: -€555-€555Net result 2021: €167,609€167,609Operating result 2022: -€9,885-€9,885Net result 2022: €1.1m€1.1mOperating result 2023: -€7,650-€7,650Net result 2023: €182,403€182,403Operating result 2024: -€5,209-€5,209Net result 2024: €121,488€121,488Operating result 2025: -€2,769-€2,769Net result 2025: €167,022€167,02220212022202320242025-€50,000€0€50,000€100,000€150,000€200,000Operating result 2023: -€7,650-€7,650Net result 2023: €182,403€182,000Operating result 2024: -€5,209-€5,210Net result 2024: €121,488€121,000Operating result 2025: -€2,769-€2,770Net result 2025: €167,022€167,000202320242025
The operating result stays negative: a loss of €2,769 in 2025 against €5,209 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €2.3m
Equity €2.0m ▲ 6.1%
Debt €312,234 ▲ 14,229%
Debt's share of the balance-sheet total rises from 0.1% to 13.3%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
7.49
Debt to equity
0.15▲
2024 · 0.00
ROE
8.2%▲
2024 · 6.4%
ROA
7.1%▲
2024 · 6.4%
Debt ≤ 1 year
€312,234
Income taxes
€57,207▲
2024 · €41,045
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95% still going

For this company itself Checked computes a bankruptcy probability of 0.5% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 20,129 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.9m€2.3m▲
Current assets29/58€1.9m€2.3m▲
Amounts receivable after more than one year29€268,446€279,264▲
Other amounts receivable291€268,446€279,264▲
Amounts receivable within one year40/41€166,322-
Other amounts receivable41€166,322-
Current investments50/53€1.4m€2.0m▲
Cash at bank and in hand54/58€43,966€15,801▼
Equity and liabilities
Total equity and liabilities10/49€1.9m€2.3m▲
Equity10/15€1.9m€2.0m▲
Contributions10/11€25,000€25,000=
Reserves13€1.9m€2.0m▲
Tax-exempt reserves132€625€625=
Distributable reserves133€1.9m€2.0m▲
Profit (loss) carried forward14€3,970€992▼
Amounts payable17/49€2,179€312,234▲
Amounts payable within one year42/48-€312,234
Taxes, remuneration and social security45-€1,316
Taxes450/3-€1,316
Other amounts payable47/48-€310,918
Accrued charges and deferred income492/3€2,179-
Income statement Code20242025
Other operating charges640/8€3,254€2,681▼
Gross operating margin9900-€1,955-€88▲
Operating profit (loss)9901-€5,209-€2,769▲
Financial income75/76B€173,152€243,683▲
Recurring financial income75€173,152€243,683▲
Financial charges65/66B€5,410€16,685▲
Recurring financial charges65€5,410€16,685▲
Profit (loss) for the period before taxes9903€162,533€224,229▲
Income taxes67/77€41,045€57,207▲
Profit (loss) for the period9904€121,488€167,022▲
Profit (loss) for the period to be appropriated9905€121,488€167,022▲
Appropriation of the result
Profit (loss) to be appropriated9906€131,470€170,992▲
Profit (loss) brought forward from the previous period14P€9,982€3,970▼
Transfer to equity691/2€127,500€120,000▼
To other reserves6921€127,500€120,000▼
Profit to be distributed694/7-€50,000
Return on contributions (dividend)694-€50,000

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8-€9,413€7,133€3,254€2,681▼ 17.6%
Gross operating margin9900-€445-€472-€517-€1,955-€88▲ 95.5%
Operating profit (loss)9901-€555-€9,885-€7,650-€5,209-€2,769▲ 46.8%
Financial income75/76B-€1.6m€294,520€173,152€243,683▲ 40.7%
Recurring financial income75€326,882€1.6m€294,520€173,152€243,683▲ 40.7%
Financial charges65/66B-€362,619€80,755€5,410€16,685▲ 208%
Recurring financial charges65€143,413€362,619€80,755€5,410€16,685▲ 208%
Profit (loss) for the period before taxes9903€182,914€1.2m€206,115€162,533€224,229▲ 38.0%
Income taxes67/77€15,305€114,919€23,712€41,045€57,207▲ 39.4%
Profit (loss) for the period9904€167,609€1.1m€182,403€121,488€167,022▲ 37.5%
Profit (loss) for the period to be appropriated9905€167,609€1.1m€182,403€121,488€167,022▲ 37.5%
Line20212022202320242025Change
Assets
Total assets20/58€5.3m€1.7m€1.9m€1.9m€2.3m▲ 22.3%
Current assets29/58€5.3m€1.7m€1.9m€1.9m€2.3m▲ 22.3%
Amounts receivable after more than one year29-€248,050€258,046€268,446€279,264▲ 4.0%
Other amounts receivable291-€248,050€258,046€268,446€279,264▲ 4.0%
Amounts receivable within one year40/41€11,049-€368€166,322--
Other amounts receivable41--€368€166,322--
Current investments50/53€4.9m€1.4m€1.6m€1.4m€2.0m▲ 42.6%
Cash at bank and in hand54/58€200,781€98,025€44,300€43,966€15,801▼ 64.1%
Equity and liabilities
Total equity and liabilities10/49€5.3m€1.7m€1.9m€1.9m€2.3m▲ 22.3%
Equity10/15€518,741€1.6m€1.8m€1.9m€2.0m▲ 6.1%
Contributions10/11-€25,000€25,000€25,000€25,000=
Reserves13€488,125€1.6m€1.8m€1.9m€2.0m▲ 6.4%
Non-distributable reserves130/1-€2,500€2,500---
Reserves not available under the articles1311-€2,500€2,500---
Tax-exempt reserves132-€625€625€625€625=
Distributable reserves133-€1.6m€1.8m€1.9m€2.0m▲ 6.4%
Profit (loss) carried forward14€5,615€27,579€9,982€3,970€992▼ 75.0%
Amounts payable17/49€4.8m€100,761€85,596€2,179€312,234▲ 14,229%
Amounts payable within one year42/48€4.8m€100,761€85,596-€312,234-
Taxes, remuneration and social security45-€19,277--€1,316-
Taxes450/3-€19,277--€1,316-
Other amounts payable47/48-€81,484€85,596-€310,918-
Accrued charges and deferred income492/3---€2,179--
Line20212022202320242025Change
Profit (loss) for the period9904€167,609€1.1m€182,403€121,488€167,022▲ 37.5%
Operating cash flow (approximation)€167,609€1.1m€182,403€121,488€167,022▲ 37.5%
Change in cash--€102,756-€53,725-€334-€28,165▼ 8,345%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
24-03
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial Equity above €2mEq €2.0m ▲6.1%
8 profitable years in a row build equity to €2.0m.
11-03
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
13-03
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-03
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial Highest result since 2018net €1.1m ▲549%
Net result €1.1m, the highest in the series.
30-09
Financial Liquidity times 15current ratio 16.94
Current ratio from 1.11 to 16.94; short-term debt falls from €4.8m to €100,761.
30-09
Financial Equity above €1mEq €1.6m ▲210%
5 profitable years in a row build equity to €1.6m.
23-03
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial Equity above €500,000Eq €518,741 ▲47.7%
4 profitable years in a row build equity to €518,741.
22-03
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-03
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
30-09
Financial Weakest financial yearnet €5,777 ▼14.4%
Net result drops to €5,777, the lowest in the series; recovery starts the following year.
08-03
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-03
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Asse · 1 establishment unit since 1981
seat establishment The establishment unit on the map
Ground area
1,176 m²
Building footprint
657 m²
Volume, LiDAR
4,930 m³
Parcel 23322L0241/00D000, Flanders · tallest building 18.5 m, ±1 floor. Linked by address, not a title deed.
11 companies at this address See who is registered here
1 establishment unit
Steenweg 29, 1730 Asse
Air transport
since 19812.019.262.163
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23322L0241/00D000 Flanders 1,176 m² 1 · 657 m² 18.5 m · 1 fl.
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.

Structure & network

Part of the group DEN AST 12 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. DEN AST 100%
  2. A & B 89.96%
  3. I-ADVICE 99.99%
  4. Van Belle

Highest known parent: DEN AST. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Recognitions · licences · registrations

Legal Entity Identifier

875500G6K13RK9C2PK30
live in the LEI register

Identification & contact

Identification
Legal formPrivate limited company
Founded01-08-1981
Fiscal year end30-09
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.