BELCOM
ActiveSummary
BELCOM has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €238k and a net result of €5k. Equity is growing by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 19% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability49=
Solvency38=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.63 against 0.58 in 2023; short-term debt: 42.4% and cash: 0.1% of total assets), and 86.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 8966 sector peers (2024).
NBB · sector comparisonPosition among 8966 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-08-2025, 6 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
6 d late
2023
122 d late
2022
183 d late
2021
57 d late
2020
26 d late
2019
22 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€238k▲ 1.9%
2023 · €234k
2018: €17k
2019: €47k
2020: €152k
2021: €274k
2022: €230k
2023: €234k
2018 → 2024
Total assets
€1.82M▲ 1.7%
2023 · €1.79M
2018: €146k
2019: €231k
2020: €427k
2021: €850k
2022: €1.58M
2023: €1.79M
2018 → 2024
Net result
€5k▲ 32.1%
2023 · €3k
2018: €4k
2019: €30k
2020: €106k
2021: €122k
2022: €-44k
2023: €3k
2018 → 2024
Working capital
€-282k▲ 2.2%
2023 · €-289k
2018: €15k
2019: €27k
2020: €-22k
2021: €96k
2022: €-140k
2023: €-289k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€152k-€274k▲ 80.3%€230k▼ 16.0%€234k▲ 1.5%€238k▲ 1.9%
Operating result€138k-€165k▲ 19.5%€-43k€33k€31k▼ 7.1%
Net result€106k-€122k▲ 15.7%€-44k€3k€5k▲ 32.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 7% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.82M
Fixed assets
€1.33M ▼ 4.3%
Current assets
€488k ▲ 22.7%
Equity and liabilities €1.82M
Equity
€238k ▲ 1.9%
Debt
€1.58M ▲ 1.7%
Debt's share of the balance-sheet total stays at 86.9%.
Key figures and ratios
EBITDA
€90k▼
2023 · €96k
Cash flow
€64k▼
2023 · €67k
Current ratio
0.63▲
2023 · 0.58
Quick ratio
0.44▲
2023 · 0.36
Debt to equity
6.62▼
2023 · 6.64
ROE
1.9%▲
2023 · 1.5%
ROA
0.3%▲
2023 · 0.2%
Interest coverage
3.62▲
2023 · 3.56
Debt ≤ 1 year
€770k▲
2023 · €686k
Debt > 1 year
€809k▼
2023 · €866k
Income taxes
€1k▼
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 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.79M€1.82M▲
Fixed assets21/28€1.39M€1.33M▼
Tangible fixed assets22/27€1.35M€1.29M▼
Land and buildings22€1.12M€1.09M▼
Plant, machinery and equipment23€230k€203k▼
Furniture and vehicles24€0-
Financial fixed assets28€36k€35k▼
Current assets29/58€397k€488k▲
Stocks and contracts in progress3€151k€151k=
Stocks30/36€151k€151k=
Amounts receivable within one year40/41€242k€334k▲
Trade receivables40€237k€334k▲
Other amounts receivable41€5k-
Cash at bank and in hand54/58€3k€2k▼
Deferred charges and accrued income490/1€735-
Equity and liabilities
Total equity and liabilities10/49€1.79M€1.82M▲
Equity10/15€234k€238k▲
Contributions10/11€13k€13k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311-€2k
Other1319€2k-
Profit (loss) carried forward14€219k€224k▲
Amounts payable17/49€1.55M€1.58M▲
Amounts payable after more than one year17€866k€809k▼
Financial debts170/4€866k€809k▼
Amounts payable within one year42/48€686k€770k▲
Current portion of amounts payable after more than one year42€47k€61k▲
Trade debts44€39k€57k▲
Suppliers440/4€39k€57k▲
Advances received on contracts in progress46€76k€76k=
Taxes, remuneration and social security45€34k€15k▼
Taxes450/3€29k€15k▼
Remuneration and social security454/9€5k-
Other amounts payable47/48€489k€561k▲
Accrued charges and deferred income492/3€850-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€59k▼
Other operating charges640/8€1k€431▼
Gross operating margin9900€97k€90k▼
Operating profit (loss)9901€33k€31k▼
Financial charges65/66B€27k€25k▼
Recurring financial charges65€27k€25k▼
Non-recurring financial charges66B€27k-
Profit (loss) for the period before taxes9903€6k€6k▼
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€3k€5k▲
Profit (loss) for the period to be appropriated9905€3k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€219k€224k▲
Profit (loss) brought forward from the previous period14P€216k€219k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 122 days late
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 183 days late
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
2022
31-12
Financial
Weakest financial yearnet €-44k ▼136%
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 57 days late
2021
31-12
Financial
Highest result since 2018net €122k ▲15.7%
Operating result €165k, net result €122k, both a record.
31-12
Financial
Equity above €200kEq €274k ▲80.3%
4 profitable years in a row build equity to €274k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Equity above €150kEq €152k ▲227%
3 profitable years in a row build equity to €152k.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Elsene · 1 establishment unit since 2018
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.
Graystraat 1151050 ElseneGround area
259 m²
Building footprint
96 m²
Volume, LiDAR
1,152 m³
Parcel 21443A0090/00E006, Brussels · tallest building 17.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
BELCOM
since 20182.272.532.232
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443A0090/00E006 | Brussels | 259 m² | 1 · 96 m² | 17.7 m · 5 fl. |
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.
Similar companies · same sector, comparable size
BOCA
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SHOPNOSIS
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CARLINVEST
BE 0434.532.680
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FAMOSA
BE 0442.907.542
Sint-Gillis (bij-Brussel) · Eq €237,152
INFORMATIC CENTER BELGIUM
BE 0450.420.191
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Of 2,713 companies in sector 73200 we hold annual accounts for 1,783. 1,337 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
Founded26-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
68310Real estate agency activities
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.