BELIXIR
ActiveSummary
BELIXIR has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-937) and a net result of €26. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 108 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+69
Solvency18=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.28 against 0.18 in 2024; short-term debt: 107.1% and cash: 29.3% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-7.1%
Return on assets
0.2%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 11
Relative position
BE, all sectors
reference
Manufacture of beverages (NACE 11)
about 8% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 108 sector peers (2025).
NBB · sector comparisonPosition among 108 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
30 d late
2022
31 d late
2021
18 d late
2020
52 d late
2019
90 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-937▲ 2.7%
2024 · €-962
Total assets
€13k▼ 9.5%
2024 · €15k
Net result
€26
2024 · €-4k
Working capital
€-10k▲ 20.1%
2024 · €-13k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-112▲ 89.4%€-3k▼ 2,294%€-3k▼ 16.8%€-4k▼ 17.0%€101
Net result€-184€-3k▼ 1,377%€-3k▼ 15.4%€-4k▼ 17.8%€26
Equity€9k▼ 2.1%€6k▼ 31.6%€3k▼ 53.4%€-962€-937▲ 2.7%
Total assets€25k▼ 3.7%€20k▼ 20.7%€16k▼ 19.8%€15k▼ 10.4%€13k▼ 9.5%
Debt€17k▼ 4.4%€14k▼ 15.0%€13k▼ 6.0%€15k▲ 14.9%€14k▼ 9.1%
Working capital€-7k€-10k▼ 48.1%€-10k▼ 2.1%€-13k▼ 26.1%€-10k▲ 20.1%
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 returns to profit in 2025: €101 after a loss of €4k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13k
Fixed assets
€9k ▼ 21.5%
Current assets
€4k ▲ 40.2%
Key figures and ratios
EBITDA
€3k▲
2024 · €-632
Cash flow
€3k▲
2024 · €-675
Solvency
-7.1%▼
2024 · -6.6%
Current ratio
0.28▲
2024 · 0.18
ROA
0.2%▲
2024 · -25.5%
Interest coverage
34.91▲
2024 · -14.92
Debt ≤ 1 year
€14k▼
2024 · €15k
Equity ratios withheld: equity of €-937 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | €3k | €3k | ▼ 16.7% |
| Other operating charges640/8 | €101 | €373 | €1k | €413 | €616 | ▲ 49.2% |
| Gross operating margin9900 | €3k | €1k | €976 | €-219 | €3k | ▲ 1,575% |
| Operating profit (loss)9901 | €-112 | €-3k | €-3k | €-4k | €101 | ▲ 103% |
| Financial charges65/66B | €72 | €45 | €15 | €42 | €75 | ▲ 77.0% |
| Recurring financial charges65 | €72 | €45 | €15 | €42 | €75 | ▲ 77.0% |
| Profit (loss) for the period before taxes9903 | €-184 | €-3k | €-3k | €-4k | €26 | ▲ 101% |
| Profit (loss) for the period9904 | €-184 | €-3k | €-3k | €-4k | €26 | ▲ 101% |
| Profit (loss) for the period to be appropriated9905 | €-184 | €-3k | €-3k | €-4k | €26 | ▲ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25k | €20k | €16k | €15k | €13k | ▼ 9.5% |
| Fixed assets21/28 | €15k | €16k | €13k | €12k | €9k | ▼ 21.5% |
| Tangible fixed assets22/27 | €15k | €16k | €13k | €12k | €9k | ▼ 21.5% |
| Land and buildings22 | - | - | - | €2k | €2k | ▼ 11.1% |
| Plant, machinery and equipment23 | €1k | €537 | €269 | - | - | - |
| Furniture and vehicles24 | €260 | €3k | €2k | €2k | €790 | ▼ 50.0% |
| Other tangible fixed assets26 | €14k | €12k | €10k | €8k | €7k | ▼ 18.3% |
| Current assets29/58 | €10k | €5k | €3k | €3k | €4k | ▲ 40.2% |
| Amounts receivable within one year40/41 | €1k | €331 | €305 | €289 | €113 | ▼ 60.8% |
| Trade receivables40 | €483 | €331 | €305 | €289 | €76 | ▼ 73.6% |
| Other amounts receivable41 | €647 | - | - | - | €37 | - |
| Cash at bank and in hand54/58 | €9k | €4k | €3k | €3k | €4k | ▲ 51.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25k | €20k | €16k | €15k | €13k | ▼ 9.5% |
| Equity10/15 | €9k | €6k | €3k | €-962 | €-937 | ▲ 2.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | €19k | €19k | = |
| Issued capital100 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-10k | €-13k | €-16k | €-20k | €-20k | ▲ 0.1% |
| Amounts payable17/49 | €17k | €14k | €13k | €15k | €14k | ▼ 9.1% |
| Amounts payable within one year42/48 | €17k | €14k | €13k | €15k | €14k | ▼ 9.1% |
| Trade debts44 | €901 | €30 | €285 | €577 | €722 | ▲ 25.2% |
| Suppliers440/4 | €901 | €30 | €285 | €577 | €722 | ▲ 25.2% |
| Other amounts payable47/48 | €16k | €14k | €13k | €15k | €13k | ▼ 10.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-184 | €-3k | €-3k | €-4k | €26 | ▲ 101% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | €3k | €3k | ▼ 16.7% |
| Operating cash flow (approximation) | €3k | €759 | €-209 | €-675 | €3k | ▲ 477% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-5k | €-1k | €-596 | €1k | ▲ 321% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Back to profitnet €26
Net result €26 after 4 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 52 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Schaarbeek · 1 establishment unit since 2015
Ground area
4,476 m²
Building footprint
419 m²
Volume, LiDAR
6,136 m³
2 parcels, Brussels, Flanders · tallest building 26.2 m, ±8 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Franselei 10, 2950 Kapellen
since 20152.241.788.180
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023I0186/00B003 | Flanders | 4,024 m² | 1 · 211 m² | 9.8 m · 2 fl. |
| 21905C0064/00T000 | Brussels | 452 m² | 1 · 208 m² | 26.2 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteKapellen (Antw.)2.241.788.180
Similar companies · same sector, comparable size
Tchelo-Concept
BE 0800.332.845
Ganshoren · Eq €2,835
Maison Vanssen
BE 1004.910.397
Verviers · Eq €2,974
Merlin Innovation
BE 0758.782.203
Antwerpen · Eq €2,519
MOTTOMOJO
BE 0776.989.596
Incourt · Eq €3,266
S&A SPIRITS
BE 0778.516.159
Enghien · Eq €2,273
Of 274 companies in sector 11010 we hold annual accounts for 121. 44 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
11010Manufacture of beverages
11070Manufacture of beverages
46341Wholesale of wines and spirits
46349Wholesale of beverages, general range
Contact
Website
www.belixir.be
E-mail
belixir@belixir.be
Scores and ratios are computed by Checked and are not a credit decision.