Belstraete
Belstraete has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.63M and a net result of €590k. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 667 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
| Equity | €6.63M |
| Net result | €590k |
| Better than sector | 95% |
| Active | 9 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 90.6% | 26.7% | |
| Net result | €590k | €9k | |
| Equity | €6.63M | €225k | |
| Gross operating margin | €996k | €185k | |
| Employees (FTE) | 0.0 | 6.7 |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €940k | €1.06M | €789k | €446k | €478k |
| Net profit | €590k | €601k | €505k | €249k | €267k |
| Cash flow | €665k | €748k | €527k | €312k | €342k |
| Staff costs | - | - | - | - | - |
| Income taxes | €267k | €280k | €236k | €116k | €123k |
| Dividends | €2k | €2k | €2k | €2k | €2k |
| Total assets | €7.32M | €6.77M | €6.07M | €5.48M | €5.26M |
| Equity | €6.63M | €6.04M | €5.44M | €4.94M | €4.69M |
| Debt | €691k | €733k | €631k | €542k | €569k |
| of which ≤ 1y | €654k | €695k | €601k | €541k | €568k |
| of which > 1y | - | - | - | - | - |
| Working capital | €846k | €486k | €814k | €29k | €168k |
| Employees (FTE) | 0.0 | 0.0 | 0.0 | 0.0 | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.29 | 1.70 | 2.35 | 1.05 | 1.30 |
| Quick ratio | 2.29 | 1.70 | 2.35 | 1.05 | 0.84 |
| Working capital ratio | 11.6% | 7.2% | 13.4% | 0.5% | 3.2% |
| Solvency | 90.6% | 89.2% | 89.6% | 90.1% | 89.2% |
| Debt / equity | 0.10 | 0.12 | 0.12 | 0.11 | 0.12 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 27.33 | 28.32 | 30.89 | 24.43 | 36.32 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 8.1% | 8.9% | 8.3% | 4.5% | 5.1% |
| ROE | 8.9% | 9.9% | 9.3% | 5.0% | 5.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €7.32M | €6.77M | €6.07M | €5.48M | €5.26M |
| Fixed assets | 21/28 | €5.82M | €5.59M | €4.66M | €4.91M | €4.52M |
| Tangible fixed assets | 22/27 | €2.68M | €2.45M | €1.52M | €1.77M | €1.42M |
| Financial fixed assets | 28 | €3.14M | €3.14M | €3.14M | €3.14M | €3.10M |
| Current assets | 29/58 | €1.50M | €1.18M | €1.41M | €570k | €736k |
| Stocks & contracts in progress | 3 | - | - | - | €0 | €261k |
| Amounts receivable within one year | 40/41 | €51k | €136k | €77k | €9k | €2k |
| Investments | 50/53 | €500k | €900k | - | - | - |
| Cash & bank | 54/58 | €949k | €144k | €1.33M | €560k | €472k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €7.32M | €6.77M | €6.07M | €5.48M | €5.26M |
| Equity | 10/15 | €6.63M | €6.04M | €5.44M | €4.94M | €4.69M |
| Contributions / capital | 10/11 | €3.10M | €3.10M | €3.10M | €3.10M | €3.10M |
| Reserves | 13 | €3.53M | €2.94M | €2.34M | €1.84M | €1.59M |
| Accumulated profits (losses) | 14 | €0 | €0 | €0 | €0 | €0 |
| Amounts payable | 17/49 | €691k | €733k | €631k | €542k | €569k |
| Amounts payable within one year | 42/48 | €654k | €695k | €601k | €541k | €568k |
| Trade debts payable within one year | 44 | €78k | €37k | €19k | €9k | €8k |
| Income statement | ||||||
| Gross operating margin | 9900 | €996k | €1.12M | €852k | €451k | €494k |
| Operating result | 9901 | €866k | €911k | €767k | €383k | €404k |
| Financial income | 75 | €26k | €8k | €166 | €64 | €34 |
| Financial charges | 65 | €34k | €37k | €26k | €18k | €13k |
| Result before taxes | 9903 | €858k | €881k | €742k | €365k | €390k |
| Income taxes | 67/77 | €267k | €280k | €236k | €116k | €123k |
| Net result for the period | 9904 | €590k | €601k | €505k | €249k | €267k |
| Result to be appropriated | 9905 | €590k | €601k | €505k | €249k | €267k |
-
DE BEL Sindy AnnekeDirectorState Gazette act 23419804 (03-11-2023)Current03-11-2023 → present
-
VERSTRAETE Jeroen AndréDirectorState Gazette act 23419804 (03-11-2023)Current03-11-2023 → present
-
VERSTRAETE Justine LenaDirectorState Gazette act 23419804 (03-11-2023)Current03-11-2023 → present
-
Justine VerstraeteDirectorState Gazette act 23011841 (24-01-2023)Current01-01-2023 → present
| NACE primary | Holiday cottages, homes and apartments(55203) |
| Legal form | Private limited company(610) |
| Incorporation | 21-12-2016 |
| Status | Active |
| Postal code | 8750 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37019B0679/00S000 | Flanders | 8,242 m² | 1 · 201 m² | 8.1 m · 1 fl. |
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
03-11-2023 3 directors appointed
- VERSTRAETE Jeroen André, Bestuurder
- DE BEL Sindy Anneke, Bestuurder
- VERSTRAETE Justine Lena, Bestuurder
Technical details
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"role": "bestuurder",
"person": {
"rrn": null,
"name": "VERSTRAETE Jeroen Andr\u00E9",
"address": "8750 Wingene, Heulstraat 15",
"birth_date": "1975-08-19",
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"birth_place": "Roeselare"
},
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"subkind": "renewal",
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{
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{
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"name": "VERSTRAETE Justine Lena",
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},
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],
"notary": {
"name": "V\u00E9ronique DE SCHEPPER",
"firm_city": null,
"firm_name": null,
"office_city": "Wingene",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-11-03",
"filing_date": "2023-10-30",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2023-10-26",
"unanimous": true
},
{
"body": "algemene_vergadering",
"date": "2023-10-26",
"unanimous": true
},
{
"body": "algemene_vergadering",
"date": "2023-10-26",
"unanimous": true
},
{
"body": "algemene_vergadering",
"date": "2023-10-26",
"unanimous": true
},
{
"body": "algemene_vergadering",
"date": "2023-10-26",
"unanimous": true
},
{
"body": "algemene_vergadering",
"date": "2023-10-26",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0667.945.760",
"name_full": "Belstraete",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
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"person_name": "V\u00E9ronique DE SCHEPPER",
"org_rep_person_name": null,
"person_role_at_subject": "notaris"
},
"co_filed_documents": [
"een uitgifte van de akte",
"de geco\u00F6rdineerde tekst van de statuten"
],
"corrected_publication_numac": null
}24-01-2023 Justine Verstraete appointed as director
- Justine Verstraete, Bestuurder
Technical details
{
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{
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"person": {
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"name": "Justine Verstraete",
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"subkind": "regular",
"via_org": null,
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"compensated": null,
"effective_date": "2023-01-01",
"evidence_quote": "Uit de notulen van het bestuursorgaan d.d. 1 januari 2023 blijkt Mevr. Justine Verstraete werd benoemd als bestuurder van Belstraete BV, en dit met ingang vanaf 01/01/2023.",
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},
"act_meta": {
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"pub_date": "2023-01-24",
"filing_date": "2023-01-10",
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},
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"date": "2023-01-01",
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],
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"corrected_publication_numac": null
}25-11-2022 Registered office moved from Wingene to Zwevezele
- Hitlesteenweg 62 bus A, 8750 Wingene → Heulstraat 15, 8750 Zwevezele
Technical details
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"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Heulstraat 15, 8750 Zwevezele",
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"region": "vlaams_gewest",
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"country": "BE",
"postcode": "8750",
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"street_number": "15",
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},
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"postcode": "8750",
"box_number": "A",
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},
"effective_date": "2022-10-20",
"evidence_quote": "U\u00EDt de notulen van het bestuursorgaan d.d. 20 oktober 2022 blijkt dat de zetel van de vennootschap werd verplaatst van de Hillesteenweg 62 bus A, 8750 Wingene naar Heulstraat 15, 8750 Zwevezele en dit vanaf 20 oktober 2022.",
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}
],
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},
"act_meta": {
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"pub_date": "2022-11-25",
"filing_date": "2022-11-15",
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},
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"date": "2022-10-20",
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"co_filed_documents": []
}| Legal nameNL | Belstraete |