BELIMECH · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of BELIMECH is 0.8% (low). The 2024 annual accounts show equity of €208k and a net result of €9k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 45% of 992 sector peers (fiscal year 2024). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

1 signal · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 13 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-07-2025, 15 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	16-07-2025	15 d early	2025-00274477
31-12-2023	31-07-2024	24-07-2024	7 d early	2024-00290229
31-12-2022	31-07-2023	26-06-2023	35 d early	2023-00156927
31-12-2021	31-07-2022	03-06-2022	58 d early	2022-20051735
31-12-2020	31-07-2021	06-07-2021	25 d early	2021-31400579
30-06-2020	31-01-2021	22-12-2020	40 d early	2020-76700553
30-06-2019	31-01-2020	10-12-2019	52 d early	2019-75900057
30-06-2018	31-01-2019	30-01-2019	1 d early	2019-03400096
30-06-2017	31-01-2018	29-01-2018	2 d early	2018-02900487
30-06-2016	31-01-2017	24-01-2017	7 d early	2017-02000493

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 2001, 24 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.8% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€9k+83.5%

Working capital€80k-45.4%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 16-07-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~3.4%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	31.8%	35.4%	better than 45% of 992 sector peers
Net result	€9k	€30k	better than 32% of 991 sector peers
Equity	€208k	€121k	better than 61% of 992 sector peers
Gross operating margin	€491k	€172k	better than 75% of 991 sector peers
Staff costs	€442k	€194k	higher than 74% of 619 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P45

Weakening position over 2020-2024 · n=430-992

Net result P32

Stable position over 2020-2024 · n=430-991

Equity P61

Improving position over 2020-2024 · n=430-992

Gross operating margin P75

Improving position over 2020-2024 · n=429-991

Describes the position versus peers, not a forecast.

EBITDA

€42k

- 19-24

Net profit

€9k

+83.5% 19-24

Cash flow

€46k

+127.7% 19-24

Total assets

€652k

+39.5% 19-24

Equity

€208k

+4.4% 19-24

Working capital

€80k

-45.4% 19-24

Employees (FTE)

6

-12.7% 19-24

Staff costs

€442k

-13.7% 19-24

Income taxes

€5k

-21.4% 19-24

Dividends

€109k

- 19-24

Debt

€445k

+65.6% 19-24

Debt ≤ 1y

€367k

+40.9% 19-24

Debt > 1y

€77k

+895.6% 19-24

Current ratio

1.22

-22.0% 19-24

Quick ratio

0.90

-34.8% 19-24

Solvency

31.8%

-25.2% 19-24

Debt / equity

2.14

+58.6% 19-24

ROE

4.2%

+75.8% 19-24

ROA

1.3%

+31.5% 19-24

Interest coverage

7.01

- 19-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	verkort
Revenue	-
EBITDA	€42k
Net profit	€9k
Cash flow	€46k
Staff costs	€442k
Income taxes	€5k
Dividends	-
Total assets	€652k
Equity	€208k
Debt	€445k
of which ≤ 1y	€367k
of which > 1y	€77k
Working capital	€80k
Employees (FTE)	5.5

Ratios (computed)

	2024
Current ratio	1.22
Quick ratio	0.90
Working capital ratio	12.2%
Solvency	31.8%
Debt / equity	2.14
Long-term debt ratio	0.37
Interest coverage	7.01
Gross margin	-
Net margin	-
ROA	1.3%
ROE	4.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €205k · 31.5% Current assets €447k · 68.5%

Equity & liabilities

Equity €208k · 31.8% Debt €445k · 68.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€652k
Fixed assets	21/28	€205k
Tangible fixed assets	22/27	€203k
Financial fixed assets	28	€2k
Current assets	29/58	€447k
Stocks & contracts in progress	3	€116k
Amounts receivable within one year	40/41	€277k
Cash & bank	54/58	€53k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€652k
Equity	10/15	€208k
Contributions / capital	10/11	€50k
Reserves	13	€61k
Accumulated profits (losses)	14	€96k
Amounts payable	17/49	€445k
Amounts payable after one year	17	€77k
Amounts payable within one year	42/48	€367k
Trade debts payable within one year	44	€290k
Income statement
Gross operating margin	9900	€491k
Operating result	9901	€5k
Financial income	75	€14k
Financial charges	65	€6k
Result before taxes	9903	€14k
Income taxes	67/77	€5k
Net result for the period	9904	€9k
Result to be appropriated	9905	€9k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

74 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Mechelsesteenweg 2072820 Bonheiden

Establishment units

1 location

BELISOL

Mechelsesteenweg 207, 2820 Bonheidende montage van buiten- en binnenschrijnwerk van hout of van kunststof : deuren, vensters, kozijnen, trappen, muurkasten, inbouwkeukens, winkelinrichtingen, enz.

since 20022.094.590.482

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area2,985 m²

Buildings1

Building footprint314 m²

Volume (LiDAR)1,036 m³

Tallest building9.7 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12005D0131/00S002	Flanders	2,985 m²	1 · 314 m²	9.7 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

60 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 74

Profitability 21

Solvency 55

Growth 52

Stability 100

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