BELAR
ActiveSummary
The computed 12-month bankruptcy probability of BELAR is 3.4% (moderate). The 2024 annual accounts show equity of €21k and a net result of €6k. Equity is growing by ~37.6% per year across the filed fiscal years. Its solvency ranks better than 28% of 6717 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▼-6
Solvency41▼-1
Growth78=
Track record94
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.34 against 0.41 in 2023; short-term debt: 84.1% and cash: 23.7% of total assets), and 84.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
15.9%
Return on assets
4.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
30 d late
2022
29 d late
2021
5 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€21k▲ 43.1%
2023 · €15k
2021: €9k
2022: €6k
2023: €15k
2021 → 2024
Total assets
€134k▲ 51.8%
2023 · €88k
2021: €18k
2022: €65k
2023: €88k
2021 → 2024
Net result
€6k▼ 24.5%
2023 · €9k
2021: €-781
2022: €-3k
2023: €9k
2021 → 2024
Working capital
€-75k▼ 73.2%
2023 · €-43k
2021: €2k
2022: €-25k
2023: €-43k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€9k-€6k▼ 30.6%€15k▲ 133%€21k▲ 43.1%
Operating result€-779-€-3k▼ 239%€11k€9k▼ 14.9%
Net result€-781-€-3k▼ 261%€9k€6k▼ 24.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 15% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €134k
Fixed assets
€96k ▲ 65.4%
Current assets
€38k ▲ 25.7%
Equity and liabilities €134k
Equity
€21k ▲ 43.1%
Debt
€113k ▲ 53.6%
Debt's share of the balance-sheet total rises from 83.1% to 84.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24k▲
2023 · €22k
Cash flow
€21k▲
2023 · €19k
Current ratio
0.34▼
2023 · 0.41
Debt to equity
5.27▲
2023 · 4.91
ROE
30.1%▼
2023 · 57.1%
ROA
4.8%▼
2023 · 9.7%
Interest coverage
58.48▼
2023 · 136.66
Debt ≤ 1 year
€113k▲
2023 · €73k
Income taxes
€3k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€88k€134k▲
Fixed assets21/28€58k€96k▲
Tangible fixed assets22/27€58k€96k▲
Plant, machinery and equipment23€5k€7k▲
Furniture and vehicles24€53k€89k▲
Current assets29/58€30k€38k▲
Amounts receivable within one year40/41€24k€6k▼
Trade receivables40€22k€6k▼
Other amounts receivable41€2k-
Cash at bank and in hand54/58€5k€32k▲
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€88k€134k▲
Equity10/15€15k€21k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€5k€11k▲
Amounts payable17/49€73k€113k▲
Amounts payable within one year42/48€73k€113k▲
Current portion of amounts payable after more than one year42€38k€24k▼
Trade debts44€21k€83k▲
Suppliers440/4€21k€83k▲
Advances received on contracts in progress46€9k-
Taxes, remuneration and social security45€2k€6k▲
Taxes450/3€2k€6k▲
Other amounts payable47/48€4k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€15k▲
Other operating charges640/8€6k€1k▼
Gross operating margin9900€28k€25k▼
Operating profit (loss)9901€11k€9k▼
Financial income75/76B€5€62▲
Recurring financial income75€5€62▲
Financial charges65/66B€158€409▲
Recurring financial charges65€158€409▲
Profit (loss) for the period before taxes9903€11k€9k▼
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€9k€6k▼
Profit (loss) for the period to be appropriated9905€9k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€11k▲
Profit (loss) brought forward from the previous period14P€-4k€5k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Wommelgem · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nijverheidsstraat 702160 WommelgemGround area
1.0 ha
Building footprint
2,377 m²
Volume, LiDAR
26,214 m³
2 parcels, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
BELAR
since 20212.312.241.458
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0585/00T002 | Flanders | 1.0 ha | 1 · 2,288 m² | 14.7 m · 4 fl. |
| 22004C0677/00T000 | Flanders | 210 m² | 1 · 89 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Genesius-Rode/Rhode-Saint-Genèse2.312.241.458
Parcel delivery
Notified to the BIPT
Similar companies · same sector, comparable size
GO LIFT
BE 0833.529.512
Manage · Eq €20,598
ENTRE-DEUX TRANSPORT
BE 0844.302.846
Elsene · Eq €22,178
URBAN MOVE
BE 0666.664.667
Hoegaarden · Eq €22,401
ROYAL LIFT
BE 0798.222.995
Sint-Jans-Molenbeek · Eq €20,207
FHiN
BE 1011.948.045
Gent · Eq €19,885
Of 996 companies in sector 49420 we hold annual accounts for 450. 295 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
49420Removal services
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
46180Agents specialised in the wholesale of other particular products
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:belartrans@hotmail.com