BELSKIN

Active

Public limited companyfounded 1928active for 98 yearsSterrestraat 203, 9160 Lokeren, BelgiumKBO/BCE: BE 0400.177.953

Summary

BELSKIN has been active since 1928 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €240,824 and a net result of €13,799. Equity remains stable across the filed financial years (±2.3% per year). Its solvency ranks better than 36% of 196 sector peers (NACE 13, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

BELSKINActiveChecked score 92/100

Risk analysis Report Compare

Activity

Manufacture of textiles

NACE 13960Manufacture of wearing apparel NACE 14240

Oldest company in East Flanders, Textiles sector1 site

Size

≈ €160,000turnover 2025, estimated

Staff: 1.9 FTE
Equity: €240,824
Profit: €13,799

Turnover estimated from the gross margin

Financial health

92 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

Nadine VanovenbergheDirector
Philip BrackeManaging director

2025 accounts on time1 of 5 deeds summarised

Why 92raises riskLiquidity: current ratio 1.50, cash €4,865, halvedlowers riskSize: total assets €720,918Figures for financial year 2025 (filed 04-08-2026)Legal form: public limited companyShow the evidence

Checked score

Score 2025

92 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 35% of its sector peers (NACE 13, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 58+2

equity 33.4% of total assets

Liquidity 16-3

short-term debt 66.5% · cash 0.7%

Profitability 42-3

return on assets 1.9%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (496 companies, NACE 13, micro)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.2%▲ +0.1 percentage points vs 04-2025 06-2025: 0.1%▼ -0.1 percentage points vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.4%▲ +0.2 percentage points vs 07-2025highest value 09-2025: 0.1%▼ -0.3 percentage points vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%● unchanged vs 11-2025lowest value 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026

Credit of up to €22,000 on 30-day terms is acceptable

Liquidity ample (current ratio 1.5, compared with 1.45 in 2024, above the usual 1.5; short-term debt: 66.5% and cash: 0.7% of total assets), but 66.6% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 13, micro): better than 38% on solvency, 12% on liquidity, 32% on profitability and 58% on growth.

The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Size: total assets €720,918

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Liquidity: current ratio 1.50, cash €4,865, halved

NBB · annual accounts

Figures for financial year 2025 (filed 04-08-2026)

NBB · annual accounts

Legal form: public limited company

KBO

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €240,824

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

on the day

2024

26 days late

2023

26 days late

2022

9 days late

2021

39 days early

2020

3 days early

2019

67 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 7 days before the deadline; the sector median (NACE 13) for financial year 2024 is 13 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 August (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

29-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

31-07-2026 Annual accounts filedfinancial year 2025 · abbreviated…
29-06-2026 Reappointments: Nadine Vanovenberghe (director) and Philip…Gazette deed
26-08-2025 Annual accounts filedfinancial year 2024 · micro…

Key points

Positive: Oldest company in East Flanders, Textiles sectorin the Checked rankings No. 1 View
Active since 1928founded 05-05-1928 98 years View
Board2 directors in office 2 View

By topic

Financials

Financial year: 2025
Total assets: €720,918
Profit: €13,799
Solvency: 33.4%

Total assets▼ 0.8%

Net result

20182025

Go to Financials

Board & ownership

Board: 2 members

Nadine VanovenbergheDirector
Philip BrackeManaging director

Go to Board & ownership

Timeline

Events: 53
Since: 1978
Next accounts: by 31-07-2027

31-12-2024Back to profit
26-08-2024Annual accounts filed
09-08-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Manufacture of textilesNACE 13960
Founded: 05-05-1928
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about BELSKIN

What is the company number of BELSKIN?: 0400.177.953. In Belgium the VAT number is the company number with BE in front: BE 0400.177.953.
Where is BELSKIN based?: The registered office is at Sterrestraat 203, 9160 Lokeren.Company details
What does BELSKIN do?: According to the KBO register, the main activity is manufacture of textiles (NACE 13960).
What is the legal form of BELSKIN?: Public limited company (NV).
When was BELSKIN founded?: On 05-05-1928.
Is BELSKIN still active?: Yes, BELSKIN is an active enterprise in the KBO register.
How many employees does BELSKIN have?: On average 1.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of BELSKIN?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is BELSKIN profitable?: In financial year 2025, BELSKIN made a profit of €13,799.
Where can I find the annual accounts of BELSKIN?: BELSKIN filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of BELSKIN due?: By 31-07-2027, for financial year 2026.Timeline