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VAN BELLE J.

Active
Private limited companyfounded 1987active for 39 yearsBrusselbaan 477, 1600 Sint-Pieters-Leeuw, BelgiumKBO/BCE: BE 0431.875.870
Summary

VAN BELLE J. has been active since 1987 and the Belgian Official 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 financial years (±0.9% per year). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, abbreviated format

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

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result stays negative: a loss of €1,796 in 2025 against €2,527 in 2024; the loss shrinks.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€1,796 2025 Net result-€356 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€5,715--€4,527▲ 20.8%-€4,160▲ 8.1%-€3,367▲ 19.1%-€8,145▼ 142%-€4,482▲ 45.0%-€2,527▲ 43.6%-€1,796▲ 28.9%
Net result-€4,720--€3,432▲ 27.3%-€2,827▲ 17.6%-€520▲ 81.6%-€5,806▼ 1,017%-€3,039▲ 47.7%-€1,082▲ 64.4%-€356▲ 67.1%
Equity€332,129-€328,697▼ 1.0%€325,870▼ 0.9%€323,952▼ 0.6%€318,146▼ 1.8%€315,107▼ 1.0%€314,025▼ 0.3%€313,669▼ 0.1%
Total assets€555,512-€518,343▼ 6.7%€514,032▼ 0.8%€500,378▼ 2.7%€462,705▼ 7.5%€455,913▼ 1.5%€453,860▼ 0.5%€451,433▼ 0.5%
Debt€183,677-€151,425▼ 17.6%€151,427=€141,176▼ 6.8%€110,794▼ 21.5%€108,526▼ 2.0%€109,040▲ 0.5%€108,455▼ 0.5%
Working capital-€152,968--€139,633▲ 8.7%-€125,696▲ 10.0%-€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 format does not require them.
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
over 100
2024 · over 100
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 8,617 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94.2% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94.2% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 8,617 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.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,251€18,251€18,251€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€14,817€15,916€16,111€15,937€12,273€15,403€17,446€18,259▲ 4.7%
Operating profit (loss)9901-€5,715-€4,527-€4,160-€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€490€390€152€36-€42€40€45▲ 12.5%
Profit (loss) for the period before taxes9903-€6,205-€4,917-€4,312-€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-€4,720-€3,432-€2,827-€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-€1,837-€549€56€965-€2,923-€156€1,801€2,527▲ 40.3%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€555,512€518,343€514,032€500,378€462,705€455,913€453,860€451,433▼ 0.5%
Fixed assets21/28€524,803€506,551€488,301€470,049€452,611€435,246€417,882€400,517▼ 4.2%
Tangible fixed assets22/27€524,605€506,353€488,103€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€198€198€198€124€124€124€124=
Current assets29/58€30,709€11,792€25,731€30,329€10,094€20,667€35,978€50,916▲ 41.5%
Current investments50/53€647€14€14€14-----
Cash at bank and in hand54/58€30,062€11,778€25,717€30,315€10,094€20,667€35,978€50,916▲ 41.5%
Equity and liabilities
Total equity and liabilities10/49€555,512€518,343€514,032€500,378€462,705€455,913€453,860€451,433▼ 0.5%
Equity10/15€332,129€328,697€325,870€323,952€318,146€315,107€314,025€313,669▼ 0.1%
Contributions10/11€18,592€18,592-€18,592€18,592€18,592€18,592€18,592=
Capital10-------€18,592-
Issued capital100-------€18,592-
Reserves13€78,936€76,053€73,170€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€234,601€234,052€234,108€235,073€234,009€233,853€235,654€238,181▲ 1.1%
Provisions and deferred taxes16€39,706€38,221€36,735€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€183,677€151,425€151,427€141,176€110,794€108,526€109,040€108,455▼ 0.5%
Amounts payable within one year42/48€183,677€151,425€151,427€141,176€110,794€108,526€109,040€108,455▼ 0.5%
Trade debts44-€48€50€399-€307---
Suppliers440/4---€399-€307---
Other amounts payable47/48---€140,777€110,794€108,219€109,040€108,455▼ 0.5%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€4,720-€3,432-€2,827-€520-€5,806-€3,039-€1,082-€356▲ 67.1%
+ Depreciation and write-downs630€18,251€18,251€18,251€18,251€17,364€17,364€17,364€17,364=
Operating cash flow (approximation)€13,531€14,819€15,424€17,731€11,558€14,325€16,282€17,008▲ 4.5%
Investment in fixed assets (approximation)-€1-€1€1€74€1€0€1-
Change in cash--€18,284€13,939€4,598-€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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Latest 10 of 38 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 09-06-2026 2026-00146327
31-12-2024 abbreviated format 09-06-2025 2025-00125862
31-12-2023 abbreviated format 11-06-2024 2024-00121236
31-12-2022 abbreviated format 03-07-2023 2023-00188538
31-12-2021 abbreviated format 10-06-2022 2022-20063522
31-12-2020 abbreviated format 26-07-2021 2021-39300451
31-12-2019 abbreviated format 25-06-2020 2020-20200078
31-12-2018 abbreviated format 30-07-2019 2019-39700455
31-12-2017 abbreviated format 18-06-2018 2018-18500030
31-12-2016 abbreviated format 04-08-2017 2017-40700475

Show all 38 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.