BELINBO
ActiveSummary
BELINBO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47k and a net result of €-7k. Equity is shrinking by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 51% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability28▼-37
Solvency82▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.06 in 2024; short-term debt: 43.4% and cash: 0.3% of total assets), and 43.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
56.6%
Return on assets
-8.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-7k
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
6 d early
2023
8 d early
2022
1 d early
2021
7 d early
2020
18 d late
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€47k▼ 13.6%
2024 · €54k
2018: €93k
2019: €85k
2020: €76k
2021: €68k
2022: €60k
2023: €57k
2024: €54k
2018 → 2025
Total assets
€83k▼ 10.1%
2024 · €92k
2018: €135k
2019: €128k
2020: €120k
2021: €113k
2022: €105k
2023: €98k
2024: €92k
2018 → 2025
Net result
€-7k▼ 167%
2024 · €-3k
2018: €-8k
2019: €-8k
2020: €-9k
2021: €-8k
2022: €-7k
2023: €-3k
2024: €-3k
2018 → 2025
Working capital
€-36k▲ 0.2%
2024 · €-36k
2018: €-42k
2019: €-43k
2020: €-44k
2021: €-45k
2022: €-45k
2023: €-40k
2024: €-36k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€68k-€60k▼ 11.0%€57k▼ 5.0%€54k▼ 4.9%€47k▼ 13.6%
Operating result€-8k-€-7k▲ 7.9%€-3k▲ 60.0%€-3k▲ 8.2%€-7k▼ 170%
Net result€-8k-€-7k▲ 7.7%€-3k▲ 59.6%€-3k▲ 8.0%€-7k▼ 167%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €3k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83k
Fixed assets
€83k ▼ 8.3%
Current assets
€363 ▼ 83.7%
Equity and liabilities €83k
Equity
€47k ▼ 13.6%
Debt
€36k ▼ 5.1%
Debt's share of the balance-sheet total rises from 41.1% to 43.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€117▼
2024 · €5k
Cash flow
€70▼
2024 · €5k
Current ratio
0.01▼
2024 · 0.06
Debt to equity
0.77▲
2024 · 0.70
ROE
-15.8%▼
2024 · -5.1%
ROA
-8.9%▼
2024 · -3.0%
Interest coverage
2.49▼
2024 · 99.17
Debt ≤ 1 year
€36k▼
2024 · €38k
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 · 2025 against 2024 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€92k€83k▼
Fixed assets21/28€90k€83k▼
Tangible fixed assets22/27€90k€83k▼
Land and buildings22€90k€83k▼
Current assets29/58€2k€363▼
Amounts receivable within one year40/41-€100
Trade receivables40-€100
Cash at bank and in hand54/58€2k€263▼
Equity and liabilities
Total equity and liabilities10/49€92k€83k▼
Equity10/15€54k€47k▼
Contributions10/11€31k€31k=
Reserves13€56k€52k▼
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Tax-exempt reserves132€47k€43k▼
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€-33k€-36k▼
Amounts payable17/49€38k€36k▼
Amounts payable within one year42/48€38k€36k▼
Trade debts44€145€148▲
Suppliers440/4€145€148▲
Other amounts payable47/48€38k€36k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k=
Other operating charges640/8€3k€3k▼
Gross operating margin9900€7k€3k▼
Operating profit (loss)9901€-3k€-7k▼
Financial charges65/66B€48€47▼
Recurring financial charges65€48€47▼
Profit (loss) for the period before taxes9903€-3k€-7k▼
Profit (loss) for the period9904€-3k€-7k▼
Transfer from tax-exempt reserves789€4k€4k=
Profit (loss) for the period to be appropriated9905€1k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€-36k▼
Profit (loss) brought forward from the previous period14P€-34k€-33k▲
The notes to these accounts (5 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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ninove · 1 establishment unit since 1996
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.
Okegembaan 1109400 NinoveGround area
707 m²
Building footprint
125 m²
Volume, LiDAR
841 m³
Parcel 41048A0262/00L002, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BELINBO
since 19962.076.806.622
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41048A0262/00L002 | Flanders | 707 m² | 1 · 125 m² | 9.9 m · 2 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.
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LIGHTHOUSE
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 37,815 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 (pre-2019)
Founded09-05-1996
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
72200Scientific research and development
82990Other business support services
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.