VAN BELLEGHEM
ActiveSummary
VAN BELLEGHEM has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50,617 and a net result of €6,471. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 24% of 12860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▲+2
Solvency50▼-3
Growth82▲+4
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.2 in 2024; short-term debt: 75% and cash: 8.1% of total assets), and 75% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25%
Return on assets
3.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 12860 sector peers (2025).
NBB · sector comparisonPosition among 12860 sector peers
Solvency
better than 24%
← weakest
strongest →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
31 d early
2023
on the day
2022
on the day
2021
8 d late
2020
4 d late
2019
19 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed 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. Usually files around 31 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€668,795▲ 17.0%
2024 · €571,580
EBIT margin
2.0%▼ 0.4pp
2024 · 2.4%
Net result
€6,471▲ 32.2%
2024 · €4,896
Working capital
€25,597▲ 13.3%
2024 · €22,588
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€571,580€668,795▲ 17.0%
Operating result€9,257▼ 1.2%€6,674▼ 27.9%€13,947▲ 109%€13,642▼ 2.2%€13,213▼ 3.1%
Net result€1,532below the sector's middle half▼ 66.2%-€543below the sector's middle half€14,660within the sector's middle half€4,896below the sector's middle half▼ 66.6%€6,471below the sector's middle half▲ 32.2%
EBIT margin2.4%2.0%▼ 0.4pp
Equity€29,439below the sector's middle half▲ 5.5%€27,364below the sector's middle half▼ 7.0%€41,116within the sector's middle half▲ 50.3%€44,979within the sector's middle half▲ 9.4%€50,617within the sector's middle half▲ 12.5%
Total assets€65,894below the sector's middle half▲ 24.1%€108,913within the sector's middle half▲ 65.3%€135,145within the sector's middle half▲ 24.1%€160,754within the sector's middle half▲ 18.9%€202,481within the sector's middle half▲ 26.0%
Debt€36,455▲ 44.8%€81,549▲ 124%€94,029▲ 15.3%€115,775▲ 23.1%€151,864▲ 31.2%
Working capital€24,213within the sector's middle half▲ 24.9%€19,789within the sector's middle half▼ 18.3%€32,539within the sector's middle half▲ 64.4%€22,588within the sector's middle half▼ 30.6%€25,597within the sector's middle half▲ 13.3%
Solvency44.7%within the sector's middle half▼ 7.9pp25.1%below the sector's middle half▼ 19.6pp30.4%below the sector's middle half▲ 5.3pp28.0%below the sector's middle half▼ 2.4pp25.0%below the sector's middle half▼ 3.0pp
Current ratio1.66within the sector's middle half▼ 0.111.24within the sector's middle half▼ 0.421.35within the sector's middle half▲ 0.101.20below the sector's middle half▼ 0.151.17within the sector's middle half▼ 0.03
Return on assets (ROA)2.3%below the sector's middle half▼ 6.2pp-0.5%below the sector's middle half▼ 2.8pp10.8%within the sector's middle half▲ 11.3pp3.0%below the sector's middle half▼ 7.8pp3.2%below the sector's middle half▲ 0.1pp
Staff (FTE)3.3▲ 73.7%4.2▲ 27.3%4.4▲ 4.8%4.8▲ 9.1%5.5▲ 14.6%
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €202,481
Fixed assets
€25,020 ▲ 11.7%
Current assets
€177,461 ▲ 28.3%
Equity and liabilities €202,481
Equity
€50,617 ▲ 12.5%
Debt
€151,864 ▲ 31.2%
Debt's share of the balance-sheet total rises from 72.0% to 75.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19,293▲
2024 · €16,764
Cash flow
€12,550▲
2024 · €8,019
Debt to equity
3.00▲
2024 · 2.57
ROE
12.8%▲
2024 · 10.9%
Interest coverage
19.44▲
2024 · 5.67
Debt ≤ 1 year
€151,864▲
2024 · €115,775
Income taxes
€6,031▼
2024 · €6,313
Staff costs
€256,362▲
2024 · €214,898
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.3%
stopped otherwise
97%
still going
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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% 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 3,984 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €571,580 | €668,795 | ▲ 17.0% |
| Non-recurring operating income76A | - | - | - | €0 | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €356,089 | €414,242 | ▲ 16.3% |
| Remuneration, social security and pensions62 | €99,942 | €129,918 | €189,467 | €214,898 | €256,362 | ▲ 19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,386 | €3,766 | €3,347 | €3,123 | €6,080 | ▲ 94.7% |
| Other operating charges640/8 | €633 | €418 | €653 | €1,233 | €1,347 | ▲ 9.3% |
| Gross operating margin9900 | €113,218 | €140,776 | €207,414 | €232,895 | €277,002 | ▲ 18.9% |
| Operating profit (loss)9901 | €9,257 | €6,674 | €13,947 | €13,642 | €13,213 | ▼ 3.1% |
| Financial income75/76B | - | €3 | €240 | €525 | €281 | ▼ 46.4% |
| Recurring financial income75 | - | €3 | €240 | €525 | €281 | ▼ 46.4% |
| Financial charges65/66B | €359 | €507 | €850 | €2,957 | €992 | ▼ 66.4% |
| Recurring financial charges65 | €359 | €507 | €850 | €2,957 | €992 | ▼ 66.4% |
| Profit (loss) for the period before taxes9903 | €8,898 | €6,170 | €13,337 | €11,209 | €12,502 | ▲ 11.5% |
| Income taxes67/77 | €7,367 | €6,714 | -€1,323 | €6,313 | €6,031 | ▼ 4.5% |
| Profit (loss) for the period9904 | €1,532 | -€543 | €14,660 | €4,896 | €6,471 | ▲ 32.2% |
| Profit (loss) for the period to be appropriated9905 | €1,532 | -€543 | €14,660 | €4,896 | €6,471 | ▲ 32.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €65,894 | €108,913 | €135,145 | €160,754 | €202,481 | ▲ 26.0% |
| Fixed assets21/28 | €5,226 | €7,575 | €8,578 | €22,391 | €25,020 | ▲ 11.7% |
| Tangible fixed assets22/27 | €5,226 | €7,575 | €8,578 | €22,391 | €25,020 | ▲ 11.7% |
| Land and buildings22 | €946 | €398 | - | - | - | - |
| Furniture and vehicles24 | €4,280 | €7,177 | €8,578 | €22,391 | €25,020 | ▲ 11.7% |
| Current assets29/58 | €60,668 | €101,338 | €126,568 | €138,363 | €177,461 | ▲ 28.3% |
| Amounts receivable within one year40/41 | €43,629 | €63,745 | €94,565 | €118,440 | €111,474 | ▼ 5.9% |
| Trade receivables40 | €43,629 | €63,704 | €94,565 | €116,024 | €105,227 | ▼ 9.3% |
| Other amounts receivable41 | - | €41 | - | €2,416 | €6,247 | ▲ 159% |
| Cash at bank and in hand54/58 | €16,664 | €37,176 | €32,002 | €19,923 | €16,485 | ▼ 17.3% |
| Deferred charges and accrued income490/1 | €375 | €418 | - | - | €49,501 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €65,894 | €108,913 | €135,145 | €160,754 | €202,481 | ▲ 26.0% |
| Equity10/15 | €29,439 | €27,364 | €41,116 | €44,979 | €50,617 | ▲ 12.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €5,188 | €5,188 | €19,015 | €23,501 | €29,139 | ▲ 24.0% |
| Distributable reserves133 | €5,188 | €5,188 | €19,015 | €23,501 | €29,139 | ▲ 24.0% |
| Profit (loss) carried forward14 | €5,651 | €3,576 | €3,501 | €2,878 | €2,878 | = |
| Amounts payable17/49 | €36,455 | €81,549 | €94,029 | €115,775 | €151,864 | ▲ 31.2% |
| Amounts payable within one year42/48 | €36,455 | €81,549 | €94,029 | €115,775 | €151,864 | ▲ 31.2% |
| Trade debts44 | €152 | €41,742 | €59,064 | €63,696 | €99,490 | ▲ 56.2% |
| Suppliers440/4 | €152 | €41,742 | €59,064 | €63,696 | €99,490 | ▲ 56.2% |
| Taxes, remuneration and social security45 | €34,552 | €31,944 | €25,694 | €46,772 | €45,528 | ▼ 2.7% |
| Taxes450/3 | €20,669 | €13,479 | €8,205 | €26,010 | €19,049 | ▼ 26.8% |
| Remuneration and social security454/9 | €13,883 | €18,465 | €17,489 | €20,762 | €26,479 | ▲ 27.5% |
| Other amounts payable47/48 | €1,751 | €7,864 | €9,270 | €5,307 | €6,846 | ▲ 29.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,532 | -€543 | €14,660 | €4,896 | €6,471 | ▲ 32.2% |
| + Depreciation and write-downs630 | €3,386 | €3,766 | €3,347 | €3,123 | €6,080 | ▲ 94.7% |
| Operating cash flow (approximation) | €4,918 | €3,223 | €18,007 | €8,019 | €12,550 | ▲ 56.5% |
| Investment in fixed assets (approximation) | - | -€6,115 | -€4,349 | -€16,936 | -€8,708 | ▲ 48.6% |
| Change in cash | - | €20,512 | -€5,174 | -€12,079 | -€3,438 | ▲ 71.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
15-06
State Gazette act
Incorporation · Founder
Founding capital · Other statement
27-05
State Gazette act
Other statement · Share class
Transfer restriction · Board rule
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €14,660
Net result €14,660 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
31-12
Financial
Back to profitnet €184
Net result €184 after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 8 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Maldegem · 1 establishment unit since 2000
Ground area
632 m²
Building footprint
191 m²
Volume, LiDAR
1,057 m³
Parcel 43503F1690/00E000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Veldhoekstraat 15, 9990 Maldegem
since 20002.229.337.340
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43503F1690/00E000 | Flanders | 632 m² | 1 · 191 m² | 9.0 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 23,183 EUR awarded · 23,183 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 3,030 EUR | 3,030 EUR |
| 2024 | 2 | 7,313 EUR | 7,313 EUR |
| 2023 | 2 | 6,659 EUR | 6,659 EUR |
| 2022 | 2 | 6,181 EUR | 6,181 EUR |
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 5,942 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-07-2000
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Contact
E-mail
Stefaan.vanbelleghem@scarlet.beMaldegem
Phone
0478/30.44.85Maldegem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472331701
Also
9925:BE0472331701
Registered
10-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.