BELIVERT
ActiveBELIVERT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.43M and a net result of €1.25M. Equity is growing by ~23.3% per year across the filed fiscal years. Its solvency ranks better than 86% of 7912 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+2
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €440k at 30 days acceptable
Liquidity ample (current ratio 5.81 against 2.23 in 2024), and 17.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
82.5%
Return on assets
23.3%
Age of the figures
8 mo
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
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
30 d early
2023
125 d early
2022
3 d early
2021
4 d early
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4.43M▲ 39.3%
2024 · €3.18M
2018: €588k
2019: €1.13M
2020: €1.90M
2021: €2.80M
2022: €6.21M
2023: €7.88M
2024: €3.18M
2018 → 2025
Total assets
€5.37M▼ 2.2%
2024 · €5.49M
2018: €1.98M
2019: €3.42M
2020: €4.74M
2021: €4.43M
2022: €10.35M
2023: €10.13M
2024: €5.49M
2018 → 2025
Net result
€1.25M▲ 67.6%
2024 · €746k
2018: €938k
2019: €1.32M
2020: €2.17M
2021: €1.91M
2022: €3.41M
2023: €5.45M
2024: €746k
2018 → 2025
Working capital
€4.00M▲ 50.5%
2024 · €2.66M
2018: €528k
2019: €716k
2020: €1.42M
2021: €1.94M
2022: €5.11M
2023: €7.24M
2024: €2.66M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.80M-€6.21M▲ 122%€7.88M▲ 26.9%€3.18M▼ 59.7%€4.43M▲ 39.3%
Operating result€2.22M-€4.53M▲ 104%€7.00M▲ 54.5%€872k▼ 87.5%€1.66M▲ 89.8%
Net result€1.91M-€3.41M▲ 78.0%€5.45M▲ 59.8%€746k▼ 86.3%€1.25M▲ 67.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 90% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.37M
Fixed assets
€534k▼ 19.9%
Current assets
€4.83M▲ 0.2%
Equity and liabilities €5.37M
Equity
€4.43M▲ 39.3%
Provisions
€100k▼ 5.8%
Debt
€837k▼ 62.0%
The debt ratio falls from 40.2% to 15.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.80M▲
2024 · €1.04M
Cash flow
€1.39M▲
2024 · €913k
Solvency
82.5%▲
2024 · 57.9%
Current ratio
5.81▲
2024 · 2.23
Quick ratio
4.56▲
2024 · 1.88
Debt / equity
0.19▼
2024 · 0.69
ROE
28.2%▲
2024 · 23.5%
ROA
23.3%▲
2024 · 13.6%
Interest coverage
130.92▲
2024 · 55.27
Debt
€837k▼
2024 · €2.20M
Debt ≤ 1 year
€832k▼
2024 · €2.16M
Debt > 1 year
€3k▼
2024 · €39k
Income taxes
€424k▲
2024 · €259k
Staff costs
€958k▲
2024 · €954k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.49M€5.37M▼
Fixed assets21/28€667k€534k▼
Intangible fixed assets21€14k€7k▼
Tangible fixed assets22/27€653k€527k▼
Land and buildings22€527k€495k▼
Plant, machinery and equipment23€4k€1k▼
Furniture and vehicles24€120k€29k▼
Other tangible fixed assets26€3k€3k=
Current assets29/58€4.82M€4.83M▲
Stocks and contracts in progress3€759k€1.04M▲
Stocks30/36€759k€1.04M▲
Amounts receivable within one year40/41€1.08M€1.20M▲
Trade receivables40€716k€1.11M▲
Other amounts receivable41€368k€92k▼
Current investments50/53€2.70M€0▼
Cash at bank and in hand54/58€197k€2.54M▲
Deferred charges and accrued income490/1€83k€59k▼
Equity and liabilities
Total equity and liabilities10/49€5.49M€5.37M▼
Equity10/15€3.18M€4.43M▲
Contributions10/11€50k€50k=
Revaluation surpluses12€3k€3k=
Reserves13€3.12M€4.37M▲
Tax-exempt reserves132€3.12M€2.70M▼
Distributable reserves133€0€1.67M▲
Profit (loss) carried forward14€0€0=
Investment grants15€3k€3k=
Provisions and deferred taxes16€106k€100k▼
Provisions for liabilities and charges160/5€106k€100k▼
Environmental obligations163€106k€100k▼
Amounts payable17/49€2.20M€837k▼
Amounts payable after more than one year17€39k€3k▼
Financial debts170/4€39k€3k▼
Amounts payable within one year42/48€2.16M€832k▼
Current portion of amounts payable after more than one year42€44k€36k▼
Trade debts44€446k€317k▼
Suppliers440/4€446k€317k▼
Advances received on contracts in progress46€294k€280k▼
Taxes, remuneration and social security45€122k€199k▲
Taxes450/3€13k€23k▲
Remuneration and social security454/9€108k€177k▲
Other amounts payable47/48€1.26M€0▼
Accrued charges and deferred income492/3€514€1k▲
Income statement
Code20242025
Non-recurring operating income76A€15k€700▼
Remuneration, social security and pensions62€954k€958k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€167k€141k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€13k€0▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-6k€-6k=
Other operating charges640/8€12k€12k▼
Gross operating margin9900€2.01M€2.76M▲
Operating profit (loss)9901€872k€1.66M▲
Financial income75/76B€151k€33k▼
Recurring financial income75€151k€33k▼
Financial charges65/66B€19k€14k▼
Recurring financial charges65€19k€14k▼
Profit (loss) for the period before taxes9903€1.00M€1.67M▲
Income taxes67/77€259k€424k▲
Profit (loss) for the period9904€746k€1.25M▲
Transfer from tax-exempt reserves789€0€421k▲
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€746k€1.67M▲
Appropriation of the result
Profit (loss) to be appropriated9906€746k€1.67M▲
Transfer from equity791/2€4.71M€0▼
Transfer to equity691/2€0€1.67M▲
To other reserves6921€0€1.67M▲
Profit to be distributed694/7€5.45M€0▼
Return on contributions (dividend)694€5.45M€0▼
Directors or managers695€0-
Social balance
Average headcount (FTE)908716.214.0▼
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
State Gazette act
Resignations & appointmentsBoard meeting · Director resignation · Power of attorney3 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Director resignation · Power of attorney3 facts ▸
- Board meeting, 2026-07-17
- Director resignation, Wattvice BV (persoon belast met het dagelijks bestuur)
- Power of attorney, Wattvice BV
05-08
State Gazette act
Resignations & appointmentsBoard meeting · Director appointment · Permanent representative11 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Director appointment · Permanent representative11 facts ▸
- Board meeting, 08/07/2026
- Director appointment, Leapfrogs CommV (persoon belast met het dagelijks bestuur)
- Director appointment, Jumicon BV (persoon belast met het dagelijks bestuur)
- Permanent representative, Peter van Praet
- Permanent representative, Francis Delabie
- Mandate compensation, Leapfrogs CommV
- Mandate compensation, Jumicon BV
- Power of attorney, Leapfrogs CommV
- Power of attorney, Jumicon BV
- Mandate term, zolang benoemd als persoon belast met het dagelijks bestuur
- Mandate term, zolang benoemd als persoon belast met het dagelijks bestuur
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity triplescurrent ratio 5.81
Current ratio from 2.23 to 5.81; short-term debt falls from €2.16M to €832k.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €746k ▼86.3%
Net result drops to €746k, the lowest in the series; recovery starts the following year.
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €5.45M ▲59.8%
Operating result €7.00M, net result €5.45M, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €5MEq €6.21M ▲122%
5 profitable years in a row build equity to €6.21M.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €2MEq €2.80M ▲47.6%
4 profitable years in a row build equity to €2.80M.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1MEq €1.13M ▲91.7%
2 profitable years in a row build equity to €1.13M.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2026
Jumicon
CurrentPersoon belast met het dagelijks bestuur · since 06-07-2026 · Private limited company · perm. rep.: Francis Delabie
Leapfrogs
CurrentPersoon belast met het dagelijks bestuur · since 06-07-2026 · Limited partnership · perm. rep.: Peter van Praet
15-07-2026
WATTVICE: Resigned as Persoon belast met het dagelijks bestuur
06-07-2026
Jumicon: Appointed as Persoon belast met het dagelijks bestuur
06-07-2026
Leapfrogs: Appointed as Persoon belast met het dagelijks bestuur
Location & real-estate footprint
Registered office, Zedelgem · 1 establishment unit since 2010
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.
Schatting 428210 ZedelgemGround area
609 m²
Parcel 31036D0550/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
BELIVERT
since 20102.194.119.907
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31036D0550/00E000 | Flanders | 609 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Connections & network
6 connected companiesNetwork connections
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Show 2 more network connections
Shared corporate director
→
Shared corporate director
→
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 5,354 EUR awarded · 5,174 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 264 EUR | 264 EUR |
| 2024 | 2 | 4,800 EUR | 4,625 EUR |
| 2023 | 1 | 50 EUR | 45 EUR |
| 2022 | 1 | 240 EUR | 240 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 1,383 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-12-2010
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
46643Wholesale of electrical equipment, including installation materials
25120Manufacture of fabricated metal products, except machinery and equipment
43230Insulation installation
43291Specialised construction activities
43320Joinery installation
43410Roofing work
46836Wholesale trade
46842Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.