Parent and group
- BESIX Group100%
BELASCO
ActiveSummary
BELASCO has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.0m and a net result of €305,923. Equity has been growing by about 4.6% per year since 2018. Its solvency ranks better than 39% of 365 sector peers (NACE 23, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
Source: KBO- Status
- Active since 04-04-2011 Normal situation
- Activity
- Manufacture of other non-metallic mineral products NACE 23990and 2 others
- Joint committees
- 124 Paritair Comité voor het bouwbedrijf
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment units
- 2.197.971.597 9042 Gent, since 04-04-2011
- 2.213.975.807 3740 Bilzen-Hoeselt, since 20-09-2012and 2 others
- Financial year end
- 31 December
- Peppol
- Reachable since 22-10-2025
Board and ownership
Board
- Manangali bvManaging director · permanent representative Bart Verhulst
- BV Mark Beyst – ConsultancyDirector · since 23-01-2020
- FOMA Consulting bvDirector · since 02-06-2022 · permanent representative Annick Martin
- Auditor
- DELOITTE Bedrijfsrevisoren BV
Shareholders
- BESIX Infra100%· score 922025 annual accounts of BESIX Infra
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts 2025
- Turnover
- €27.6m
- ▼ 7.8%
- Profit
- €305,923
- ▲ 4.9%
- Equity
- €7.0m
- ▲ 4.6%
- Total assets
- €18.1m
- ▼ 3.1%
- Employees on 31-12-2025
- 41
- ▲ 2.5%
Score breakdownraises riskLiquidity: current ratio 1.12, cash €1.2mSize: turnover €27.6m, 41.6 FTE, total assets €18.1mlowers riskSector: Manufacture of other non-metallic mineral products (NACE 23)Figures for financial year 2025 (filed on 23-06-2026)Show the evidence
Checked score
Score 2025
88
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 36% of small companies in non-metallic mineral products (NACE 23)
Financial strength · tick: 2024
Average
Solvency
64+3
equity 38.5% of total assets
Liquidity
32+1
short-term debt 52.1% · cash 6.5%
Profitability
63+2
return on assets 1.7%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025highest value
07-2025: 0.1%▼ -0.2 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €600,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.12 (0.99 in 2024), below the usual 1.5. Short-term debt is 52.1% and cash 6.5% of total assets. 61.5% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 23, small). It does better than 43% of them on solvency, 24% on liquidity, 36% on profitability and 41% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 days early
2024
38 days early
2023
33 days early
2022
41 days early
2021
37 days early
2020
33 days early
2019
36 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 37 days before the deadline. In the sector (NACE 23), the median for financial year 2024 was 10 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Recent changes
- · Gazette deed 4 directors appointed, 1 director resigningResignation: BESIX Infra NV (director) · Appointments: Manangali BV (director) and BESIX Infra NV (director) · Permanent representative: Bart Verhulst
- · Gazette deed 2 directors appointed, 1 director resigningResignation: BESIX Infra nv (director) · Permanent representative: Bart Verhulst · Appointment: Manangali bv (director)
- · Gazette deed 2 directors appointedAppointment: Deloitte Bedrijfsrevisoren BV (statutory auditor) · Permanent representatives: Bart Verhulst and Manangali BV
Companies linked to BELASCO
Comparable companies
These companies have the same main activity as BELASCO: manufacture of other non-metallic mineral products (NACE 23990). They are comparable in size and age: total assets between €9.2m and €23m, founded between 1987 and 2012.
| Company | Total assets | Turnover |
|---|---|---|
| BELASCO Gent | €18.1m | €27.6m |
| IMERYS TALC BELGIUM Gent | €22.9m | €28.2m |
| IsoHemp Fernelmont | €15.3m | - |
| ARGEX Beveren-Kruibeke-Zwijndrecht | €18.3m | €17.0m |
| KEM - PRODUCTS Heist-op-den-Berg | €10.2m | €19.9m |
| JACKON INSULATION Olen | €16.9m | €25.9m |
| LES ENROBES DU CENTRE La Louvière | €9.2m | €13.1m |
Key facts about BELASCO
- What is the company number of BELASCO?
- The company number of BELASCO is 0835.182.668. The VAT number is the same number with BE in front: BE 0835.182.668.
- Where is BELASCO based?
- The registered office is at Christoffel Columbuslaan Z/N, 9042 Gent.Company details
- What does BELASCO do?
- According to the KBO register, the main activity is manufacture of other non-metallic mineral products (NACE 23990).
- What is the legal form of BELASCO?
- The legal form of BELASCO is Public limited company (NV).
- When was BELASCO founded?
- BELASCO was founded on 04-04-2011.
- Is BELASCO still active?
- Yes, BELASCO is an active enterprise in the KBO register.
- How many employees does BELASCO have?
- BELASCO had an average of 41.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BELASCO fall under?
- In its 2025 annual accounts, BELASCO states joint committees 124 (Paritair Comité voor het bouwbedrijf) and 200 (Aanvullend Paritair Comité voor de bedienden).
- What is the turnover of BELASCO?
- The turnover of BELASCO was €27.6m in financial year 2025, according to the filed annual accounts.
- Is BELASCO profitable?
- In financial year 2025, BELASCO made a profit of €305,923.
- Where can I find the annual accounts of BELASCO?
- BELASCO filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BELASCO due?
- BELASCO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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