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VAN BELLE J.

Active
Private limited companyfounded 198739 yrs activeBrusselbaan 477, 1600 Sint-Pieters-Leeuw, BelgiumKBO/BCE: BE 0431.875.870
Summary

VAN BELLE J. has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €313,669 and a net result of -€356. Equity remains stable across the filed fiscal years (±0.9% per year). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability69▲+1
Solvency94=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity short (current ratio 0.47 against 0.33 in 2024; short-term debt: 24% and cash: 11.3% of total assets), and 30.5% of the assets are financed with debt.
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Signals

Three 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 39 years 0 40 y
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
52 d early
2024
52 d early
2023
50 d early
2022
28 d early
2021
51 d early
2020
5 d early
2019
36 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 39 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 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 J. was incorporated on 2 September 1987.1 Total assets fell from EUR 555,512 in 2018 to EUR 451,433 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
€313,669▼ 0.1%
2024 · €314,025
Total assets
€451,433▼ 0.5%
2024 · €453,860
Net result
-€356▲ 67.1%
2024 · -€1,082
Working capital
-€57,539▲ 21.2%
2024 · -€73,062
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-€3,367▲ 19.1%-€8,145▼ 142%-€4,482▲ 45.0%-€2,527▲ 43.6%-€1,796▲ 28.9%
Net result-€520▲ 81.6%-€5,806▼ 1,017%-€3,039▲ 47.7%-€1,082▲ 64.4%-€356▲ 67.1%
Equity€323,952▼ 0.6%€318,146▼ 1.8%€315,107▼ 1.0%€314,025▼ 0.3%€313,669▼ 0.1%
Total assets€500,378▼ 2.7%€462,705▼ 7.5%€455,913▼ 1.5%€453,860▼ 0.5%€451,433▼ 0.5%
Debt€141,176▼ 6.8%€110,794▼ 21.5%€108,526▼ 2.0%€109,040▲ 0.5%€108,455▼ 0.5%
Working capital-€110,847▲ 11.8%-€100,700▲ 9.2%-€87,859▲ 12.8%-€73,062▲ 16.8%-€57,539▲ 21.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€7,500-€5,000-€2,500€0Operating result 2021: -€3,367-€3,367Net result 2021: -€520-€520Operating result 2022: -€8,145-€8,145Net result 2022: -€5,806-€5,806Operating result 2023: -€4,482-€4,482Net result 2023: -€3,039-€3,039Operating result 2024: -€2,527-€2,527Net result 2024: -€1,082-€1,082Operating result 2025: -€1,796-€1,796Net result 2025: -€356-€35620212022202320242025-€6,000-€4,000-€2,000€0Operating result 2023: -€4,482-€4,480Net result 2023: -€3,039-€3,040Operating result 2024: -€2,527-€2,530Net result 2024: -€1,082-€1,080Operating result 2025: -€1,796-€1,800Net result 2025: -€356-€356202320242025
The operating result stays negative: a loss of €1,796 in 2025 against €2,527 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €451,433
Fixed assets €400,517 ▼ 4.2%
Current assets €50,916 ▲ 41.5%
Equity and liabilities €451,433
Equity €313,669 ▼ 0.1%
Provisions €29,309 ▼ 4.8%
Debt €108,455 ▼ 0.5%
Debt's share of the balance-sheet total stays at 24.0%.
Key figures and ratios
2025 value · change against 2024
EBITDA
€15,568▲
2024 · €14,837
Cash flow
€17,008▲
2024 · €16,282
Current ratio
0.47▲
2024 · 0.33
Debt to equity
0.35▼
2024 · 0.35
ROE
-0.1%▲
2024 · -0.3%
ROA
-0.1%▲
2024 · -0.2%
Interest coverage
345.96▼
2024 · 370.93
Debt ≤ 1 year
€108,455▼
2024 · €109,040
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% 1.6%
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 74% 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 8,594 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 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€453,860€451,433▼
Fixed assets21/28€417,882€400,517▼
Tangible fixed assets22/27€417,758€400,393▼
Land and buildings22€417,758€400,393▼
Financial fixed assets28€124€124=
Current assets29/58€35,978€50,916▲
Cash at bank and in hand54/58€35,978€50,916▲
Equity and liabilities
Total equity and liabilities10/49€453,860€451,433▼
Equity10/15€314,025€313,669▼
Contributions10/11€18,592€18,592=
Capital10-€18,592
Issued capital100-€18,592
Reserves13€59,779€56,896▼
Tax-exempt reserves132€59,779€56,896▼
Profit (loss) carried forward14€235,654€238,181▲
Provisions and deferred taxes16€30,795€29,309▼
Deferred taxes168€30,795€29,309▼
Amounts payable17/49€109,040€108,455▼
Amounts payable within one year42/48€109,040€108,455▼
Other amounts payable47/48€109,040€108,455▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,364€17,364=
Other operating charges640/8€2,609€2,691▲
Gross operating margin9900€17,446€18,259▲
Operating profit (loss)9901-€2,527-€1,796▲
Financial charges65/66B€40€45▲
Recurring financial charges65€40€45▲
Profit (loss) for the period before taxes9903-€2,567-€1,841▲
Transfer from deferred taxes780€1,485€1,485=
Profit (loss) for the period9904-€1,082-€356▲
Transfer from tax-exempt reserves789€2,883€2,883=
Profit (loss) for the period to be appropriated9905€1,801€2,527▲
Appropriation of the result
Profit (loss) to be appropriated9906€235,654€238,181▲
Profit (loss) brought forward from the previous period14P€233,853€235,654▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,251€17,364€17,364€17,364€17,364=
Other operating charges640/8€1,053€3,054€2,521€2,609€2,691▲ 3.1%
Gross operating margin9900€15,937€12,273€15,403€17,446€18,259▲ 4.7%
Operating profit (loss)9901-€3,367-€8,145-€4,482-€2,527-€1,796▲ 28.9%
Financial income75/76B-€854----
Recurring financial income75-€854----
Financial charges65/66B€36-€42€40€45▲ 12.5%
Recurring financial charges65€36-€42€40€45▲ 12.5%
Profit (loss) for the period before taxes9903-€3,403-€7,291-€4,524-€2,567-€1,841▲ 28.3%
Transfer from deferred taxes780€2,883€1,485€1,485€1,485€1,485=
Profit (loss) for the period9904-€520-€5,806-€3,039-€1,082-€356▲ 67.1%
Transfer from tax-exempt reserves789€1,485€2,883€2,883€2,883€2,883=
Profit (loss) for the period to be appropriated9905€965-€2,923-€156€1,801€2,527▲ 40.3%
Line20212022202320242025Change
Assets
Total assets20/58€500,378€462,705€455,913€453,860€451,433▼ 0.5%
Fixed assets21/28€470,049€452,611€435,246€417,882€400,517▼ 4.2%
Tangible fixed assets22/27€469,851€452,487€435,122€417,758€400,393▼ 4.2%
Land and buildings22€469,851€452,487€435,122€417,758€400,393▼ 4.2%
Financial fixed assets28€198€124€124€124€124=
Current assets29/58€30,329€10,094€20,667€35,978€50,916▲ 41.5%
Current investments50/53€14-----
Cash at bank and in hand54/58€30,315€10,094€20,667€35,978€50,916▲ 41.5%
Equity and liabilities
Total equity and liabilities10/49€500,378€462,705€455,913€453,860€451,433▼ 0.5%
Equity10/15€323,952€318,146€315,107€314,025€313,669▼ 0.1%
Contributions10/11€18,592€18,592€18,592€18,592€18,592=
Capital10----€18,592-
Issued capital100----€18,592-
Reserves13€70,287€65,545€62,662€59,779€56,896▼ 4.8%
Non-distributable reserves130/1€1,859-----
Reserves not available under the articles1311€1,859-----
Tax-exempt reserves132€68,428€65,545€62,662€59,779€56,896▼ 4.8%
Profit (loss) carried forward14€235,073€234,009€233,853€235,654€238,181▲ 1.1%
Provisions and deferred taxes16€35,250€33,765€32,280€30,795€29,309▼ 4.8%
Deferred taxes168€35,250€33,765€32,280€30,795€29,309▼ 4.8%
Amounts payable17/49€141,176€110,794€108,526€109,040€108,455▼ 0.5%
Amounts payable within one year42/48€141,176€110,794€108,526€109,040€108,455▼ 0.5%
Trade debts44€399-€307---
Suppliers440/4€399-€307---
Other amounts payable47/48€140,777€110,794€108,219€109,040€108,455▼ 0.5%
Line20212022202320242025Change
Profit (loss) for the period9904-€520-€5,806-€3,039-€1,082-€356▲ 67.1%
+ Depreciation and write-downs630€18,251€17,364€17,364€17,364€17,364=
Operating cash flow (approximation)€17,731€11,558€14,325€16,282€17,008▲ 4.5%
Investment in fixed assets (approximation)-€74€1€0€1-
Change in cash--€20,221€10,573€15,311€14,938▼ 2.4%

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 31-07-2027
2026
09-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
09-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Weakest financial yearnet -€5,806
Net result drops to -€5,806, the lowest in the series; recovery starts the following year.
10-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
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, Sint-Pieters-Leeuw · 1 establishment unit since 1987
seat establishment The establishment unit on the map
Ground area
1,101 m²
Building footprint
203 m²
Volume, LiDAR
1,389 m³
2 parcels, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Jagersdal 60, 1600 Sint-Pieters-Leeuw
Air transport
since 19872.030.548.114
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23077C0046/00H000 Flanders 846 m² 1 · 138 m² 8.4 m · 2 fl.
23077B0497/00N000 Flanders 255 m² 1 · 66 m² 11.8 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded02-09-1987
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0431875870
Also 9925:BE0431875870
Registered 31-12-2025

Register as of 26 September 2026 · Peppol Directory

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