BELCOTEC
ActiveSummary
BELCOTEC has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.19M and a net result of €1.04M. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 29% of 2056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
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Financials · fiscal year 2025, full schema
Filed annual accounts As filed with the NBB · 2025 against 2024 · 79 lines
The notes to these accounts (66 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €27.15M | €32.98M | €37.77M | €40.97M | €40.17M | ▼ 1.9% |
| Turnover70 | €26.34M | €31.89M | €36.67M | €39.39M | €38.80M | ▼ 1.5% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €123k | €322k | €323k | €275k | €-238k | ▼ 186% |
| Own construction capitalised72 | - | - | - | €93k | €59k | ▼ 36.7% |
| Other operating income74 | €679k | €683k | €777k | €1.21M | €1.55M | ▲ 28.0% |
| Non-recurring operating income76A | €5k | €83k | €0 | - | €3k | - |
| Operating charges60/66A | €26.34M | €31.73M | €36.01M | €39.22M | €38.12M | ▼ 2.8% |
| Goods for resale, raw materials and consumables60 | €18.16M | €22.55M | €25.46M | €27.33M | €25.17M | ▼ 7.9% |
| Purchases600/8 | €18.24M | €22.53M | €25.47M | €27.37M | €25.33M | ▼ 7.4% |
| Change in stocks: decrease (increase)609 | €-79k | €17k | €-9k | €-36k | €-164k | ▼ 354% |
| Services and other goods61 | €2.41M | €2.57M | €3.19M | €3.65M | €3.89M | ▲ 6.7% |
| Remuneration, social security and pensions62 | €5.27M | €6.00M | €6.77M | €7.59M | €8.33M | ▲ 9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €465k | €492k | €490k | €577k | €643k | ▲ 11.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €22k | €0 | - | - |
| Other operating charges640/8 | €38k | €116k | €67k | €67k | €91k | ▲ 35.9% |
| Non-recurring operating charges66A | €0 | €4k | €0 | - | - | - |
| Operating profit (loss)9901 | €812k | €1.25M | €1.76M | €1.75M | €2.05M | ▲ 17.1% |
| Financial income75/76B | €598 | €94k | €31k | €25k | €6k | ▼ 76.0% |
| Recurring financial income75 | €598 | €94k | €31k | €25k | €6k | ▼ 76.0% |
| Other financial income752/9 | €598 | €94k | €31k | €25k | €6k | ▼ 76.0% |
| Financial charges65/66B | €90k | €107k | €197k | €229k | €576k | ▲ 152% |
| Recurring financial charges65 | €90k | €107k | €197k | €229k | €576k | ▲ 152% |
| Debt charges650 | €13k | €34k | €129k | €92k | €488k | ▲ 428% |
| Other financial charges652/9 | €76k | €72k | €68k | €136k | €87k | ▼ 35.7% |
| Profit (loss) for the period before taxes9903 | €723k | €1.24M | €1.59M | €1.55M | €1.48M | ▼ 4.3% |
| Income taxes67/77 | €225k | €565k | €427k | €466k | €443k | ▼ 5.1% |
| Taxes670/3 | €225k | €565k | €446k | €466k | €450k | ▼ 3.5% |
| Tax adjustments and reversals of tax provisions77 | - | - | €19k | €0 | €7k | - |
| Profit (loss) for the period9904 | €498k | €676k | €1.17M | €1.08M | €1.04M | ▼ 4.0% |
| Profit (loss) for the period to be appropriated9905 | €498k | €676k | €1.17M | €1.08M | €1.04M | ▼ 4.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.11M | €10.79M | €11.68M | €25.40M | €26.24M | ▲ 3.3% |
| Fixed assets21/28 | €1.45M | €1.37M | €1.32M | €12.24M | €12.37M | ▲ 1.1% |
| Tangible fixed assets22/27 | €1.45M | €1.37M | €1.32M | €1.74M | €1.87M | ▲ 7.5% |
| Plant, machinery and equipment23 | €255k | €219k | €164k | €247k | €186k | ▼ 24.7% |
| Furniture and vehicles24 | €351k | €290k | €234k | €195k | €332k | ▲ 69.9% |
| Leasing and similar rights25 | €846k | €863k | €922k | €1.29M | €1.35M | ▲ 4.3% |
| Financial fixed assets28 | - | - | - | €10.50M | €10.50M | = |
| Affiliated companies280/1 | - | - | - | €10.50M | €10.50M | = |
| Participating interests280 | - | - | - | €10.50M | €10.50M | = |
| Current assets29/58 | €8.66M | €9.42M | €10.36M | €13.16M | €13.87M | ▲ 5.4% |
| Stocks and contracts in progress3 | €318k | €623k | €955k | €1.27M | €1.19M | ▼ 5.8% |
| Stocks30/36 | €195k | €175k | €398k | €435k | €599k | ▲ 37.8% |
| Goods purchased for resale34 | €195k | €175k | €398k | €435k | €599k | ▲ 37.8% |
| Contracts in progress37 | €123k | €447k | €556k | €831k | €594k | ▼ 28.6% |
| Amounts receivable within one year40/41 | €5.77M | €7.35M | €6.99M | €9.38M | €9.17M | ▼ 2.3% |
| Trade receivables40 | €4.89M | €5.63M | €5.63M | €8.03M | €7.96M | ▼ 0.8% |
| Other amounts receivable41 | €878k | €1.72M | €1.36M | €1.35M | €1.20M | ▼ 10.9% |
| Current investments50/53 | €450k | €0 | - | - | - | - |
| Own shares50 | €450k | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €2.05M | €1.31M | €2.26M | €2.28M | €3.30M | ▲ 44.4% |
| Deferred charges and accrued income490/1 | €70k | €142k | €147k | €228k | €213k | ▼ 6.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.11M | €10.79M | €11.68M | €25.40M | €26.24M | ▲ 3.3% |
| Equity10/15 | €3.74M | €3.94M | €5.08M | €6.15M | €7.19M | ▲ 16.8% |
| Contributions10/11 | €65k | €65k | €65k | €65k | €65k | = |
| Capital10 | €65k | €65k | €65k | €65k | €65k | = |
| Issued capital100 | €65k | €65k | €65k | €65k | €65k | = |
| Reserves13 | €3.67M | €3.87M | €5.01M | €6.09M | €7.13M | ▲ 17.0% |
| Non-distributable reserves130/1 | €457k | €7k | €7k | €7k | €7k | = |
| Legal reserve130 | €7k | €7k | €7k | €7k | €7k | = |
| Own shares acquired1312 | €450k | €0 | - | - | - | - |
| Distributable reserves133 | €3.22M | €3.87M | €5.00M | €6.08M | €7.12M | ▲ 17.0% |
| Amounts payable17/49 | €6.37M | €6.85M | €6.60M | €19.24M | €19.05M | ▼ 1.0% |
| Amounts payable after more than one year17 | €571k | €587k | €630k | €9.45M | €9.11M | ▼ 3.5% |
| Financial debts170/4 | €571k | €587k | €630k | €9.45M | €9.11M | ▼ 3.5% |
| Leasing and similar obligations172 | €565k | €587k | €630k | €946k | €1.01M | ▲ 7.1% |
| Credit institutions173 | €6k | €0 | - | - | - | - |
| Other loans174 | - | - | - | €8.50M | €8.10M | ▼ 4.7% |
| Amounts payable within one year42/48 | €5.80M | €6.26M | €5.97M | €9.70M | €9.93M | ▲ 2.4% |
| Current portion of amounts payable after more than one year42 | €314k | €294k | €306k | €2.38M | €2.20M | ▼ 7.6% |
| Financial debts43 | €167k | €2.08M | €169k | €169k | €184k | ▲ 9.1% |
| Credit institutions430/8 | €167k | €2.08M | €169k | €169k | €184k | ▲ 9.1% |
| Trade debts44 | €4.24M | €3.48M | €5.03M | €6.71M | €5.64M | ▼ 16.0% |
| Suppliers440/4 | €4.24M | €3.48M | €5.03M | €6.71M | €5.64M | ▼ 16.0% |
| Taxes, remuneration and social security45 | €352k | €376k | €438k | €430k | €670k | ▲ 55.8% |
| Taxes450/3 | €80 | €0 | €8k | €0 | €695 | - |
| Remuneration and social security454/9 | €352k | €376k | €430k | €430k | €669k | ▲ 55.6% |
| Other amounts payable47/48 | €725k | €27k | €32k | €2k | €1.23M | ▲ 51,098% |
| Accrued charges and deferred income492/3 | €0 | - | - | €96k | €2k | ▼ 98.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €498k | €676k | €1.17M | €1.08M | €1.04M | ▼ 4.0% |
| + Depreciation and write-downs630 | €465k | €492k | €490k | €577k | €643k | ▲ 11.6% |
| Operating cash flow (approximation) | €963k | €1.17M | €1.66M | €1.66M | €1.68M | ▲ 1.4% |
| Investment in fixed assets (approximation) | - | €-412k | €-439k | €-11.49M | €-774k | ▲ 93.3% |
| Change in cash | - | €-741k | €951k | €24k | €1.01M | ▲ 4,063% |
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
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13376G0336/00F002 | Flanders | 8,814 m² | 1 · 1,694 m² | 0.0 m |
Linked by address, not proof of ownership
Public money · subsidies and aid
Flemish government
2022 to 2025 · 11 entries · 66,364 EUR awarded · 65,346 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 37,703 EUR | 36,641 EUR |
| 2024 | 4 | 21,115 EUR | 21,115 EUR |
| 2023 | 1 | 1,943 EUR | 1,987 EUR |
| 2022 | 2 | 5,603 EUR | 5,603 EUR |
Recognitions · licences · registrations
Recognised contractor
2 categoriesDual-learning approval
6 live approvals · 7 endedShow 7 ended approvals
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Identification & contact
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