BELTEC
ActiveSummary
BELTEC has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.59M and a net result of €121k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 26% of 316 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-10
Solvency48▲+1
Growth42▼-36
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days only on tighter terms
Liquidity ample (current ratio 2.15 against 1.88 in 2023; short-term debt: 20.9% and cash: 1.1% of total assets), but 77.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
22.7%
Return on assets
1.1%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
22 d late
2022
70 d late
2021
79 d late
2020
125 d late
2019
118 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€11.02M▼ 4.1%
2023 · €11.48M
2023: €11.48M
2024: €11.02M▼ -4.1% vs 2023
2023 → 2024
EBIT margin
4.4%▼ 2.4pp
2023 · 6.7%
2023: 6.7%
2024: 4.4%▼ -34.9% vs 2023
2023 → 2024
Net result
€121k▼ 66.5%
2023 · €362k
2018: €169k
2019: €28k▼ -83.3% vs 2018lowest in 7 years
2020: €35k▲ +22.6% vs 2019
2021: €100k▲ +190% vs 2020
2022: €500k▲ +400% vs 2021highest in 7 years
2023: €362k▼ -27.6% vs 2022
2024: €121k▼ -66.5% vs 2023
2018 → 2024
Working capital
€2.73M▲ 14.6%
2023 · €2.38M
2018: €1.15M
2019: €985k▼ -14.4% vs 2018lowest in 7 years
2020: €1.50M▲ +52.6% vs 2019
2021: €1.33M▼ -11.6% vs 2020
2022: €2.63M▲ +98.2% vs 2021
2023: €2.38M▼ -9.5% vs 2022
2024: €2.73M▲ +14.6% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€11.48M€11.02M▼ 4.1%
2023: €11.48M
2024: €11.02M▼ -4.1% vs 2023
Equity€1.54M-€1.63M▲ 5.7%€2.12M▲ 30.0%€2.47M▲ 16.6%€2.59M▲ 4.5%
2020: €1.54Mlowest in 5 years
2021: €1.63M▲ +5.7% vs 2020
2022: €2.12M▲ +30.0% vs 2021
2023: €2.47M▲ +16.6% vs 2022
2024: €2.59M▲ +4.5% vs 2023highest in 5 years
Operating result€230k-€276k▲ 20.0%€826k▲ 200%€774k▼ 6.3%€483k▼ 37.5%
2020: €230klowest in 5 years
2021: €276k▲ +20.0% vs 2020
2022: €826k▲ +200% vs 2021highest in 5 years
2023: €774k▼ -6.3% vs 2022
2024: €483k▼ -37.5% vs 2023
Net result€35k-€100k▲ 190%€500k▲ 400%€362k▼ 27.6%€121k▼ 66.5%
2020: €35klowest in 5 years
2021: €100k▲ +190% vs 2020
2022: €500k▲ +400% vs 2021highest in 5 years
2023: €362k▼ -27.6% vs 2022
2024: €121k▼ -66.5% vs 2023
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 38% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11.37M
Fixed assets
€6.26M ▲ 1.3%
Current assets
€5.11M ▲ 0.5%
Equity and liabilities €11.37M
Equity
€2.59M ▲ 4.5%
Provisions
€37k ▼ 20.0%
Debt
€8.75M =
Debt's share of the balance-sheet total falls from 77.6% to 76.9%. Equity is higher.
Key figures and ratios
EBITDA
€1.64M▼
2023 · €2.03M
Cash flow
€1.27M▼
2023 · €1.62M
Current ratio
2.15▲
2023 · 1.88
Quick ratio
0.79▲
2023 · 0.45
Debt to equity
3.38▼
2023 · 3.54
ROE
4.7%▼
2023 · 14.6%
ROA
1.1%▼
2023 · 3.2%
Interest coverage
5.22▼
2023 · 7.01
Debt ≤ 1 year
€2.37M▼
2023 · €2.69M
Debt > 1 year
€6.26M▲
2023 · €5.91M
Income taxes
€63k▼
2023 · €129k
Staff costs
€2.93M▼
2023 · €2.98M
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 · 2024 against 2023 · 82 lines
Balance sheet
Code20232024
Assets
Total assets20/58€11.26M€11.37M▲
Fixed assets21/28€6.18M€6.26M▲
Intangible fixed assets21€270k€510k▲
Tangible fixed assets22/27€5.89M€5.74M▼
Land and buildings22€4.71M€4.52M▼
Plant, machinery and equipment23€347k€743k▲
Furniture and vehicles24€49k€42k▼
Leasing and similar rights25€784k€438k▼
Financial fixed assets28€27k€11k▼
Other financial fixed assets284/8€27k€11k▼
Amounts receivable and cash guarantees285/8€27k€11k▼
Current assets29/58€5.08M€5.11M▲
Stocks and contracts in progress3€3.86M€3.24M▼
Stocks30/36€3.86M€3.24M▼
Raw materials and consumables30/31€2.33M€1.70M▼
Work in progress32€15k€14k▼
Finished goods33€1.41M€1.40M▼
Goods purchased for resale34€105k€130k▲
Amounts receivable within one year40/41€995k€1.69M▲
Trade receivables40€981k€1.67M▲
Other amounts receivable41€14k€12k▼
Cash at bank and in hand54/58€137k€129k▼
Deferred charges and accrued income490/1€90k€51k▼
Equity and liabilities
Total equity and liabilities10/49€11.26M€11.37M▲
Equity10/15€2.47M€2.59M▲
Contributions10/11€19k€19k=
Reserves13€2.40M€2.53M▲
Tax-exempt reserves132€125k€101k▼
Distributable reserves133€2.28M€2.42M▲
Investment grants15€50k€41k▼
Provisions and deferred taxes16€47k€37k▼
Deferred taxes168€47k€37k▼
Amounts payable17/49€8.74M€8.75M=
Amounts payable after more than one year17€5.91M€6.26M▲
Financial debts170/4€5.91M€6.26M▲
Leasing and similar obligations172€454k€168k▼
Credit institutions173€5.17M€5.79M▲
Other loans174€280k€296k▲
Amounts payable within one year42/48€2.69M€2.37M▼
Current portion of amounts payable after more than one year42€1.16M€911k▼
Financial debts43€339k€335k▼
Credit institutions430/8€339k€335k▼
Trade debts44€804k€738k▼
Suppliers440/4€804k€738k▼
Taxes, remuneration and social security45€390k€391k▲
Taxes450/3€69k€83k▲
Remuneration and social security454/9€321k€308k▼
Accrued charges and deferred income492/3€139k€116k▼
Income statement
Code20232024
Operating income70/76A€13.19M€12.65M▼
Turnover70€11.48M€11.02M▼
Change in stocks of work in progress, finished goods and contracts in progress71€372k€-13k▼
Own construction capitalised72-€187k
Other operating income74€1.34M€1.46M▲
Operating charges60/66A€12.42M€12.17M▼
Goods for resale, raw materials and consumables60€5.23M€4.98M▼
Purchases600/8€4.97M€4.38M▼
Change in stocks: decrease (increase)609€259k€604k▲
Services and other goods61€2.89M€3.04M▲
Remuneration, social security and pensions62€2.98M€2.93M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.26M€1.15M▼
Other operating charges640/8€63k€64k▲
Operating profit (loss)9901€774k€483k▼
Financial income75/76B€30k€31k▲
Recurring financial income75€30k€31k▲
Income from financial fixed assets750€4k€8k▲
Other financial income752/9€26k€24k▼
Financial charges65/66B€323k€340k▲
Recurring financial charges65€323k€340k▲
Debt charges650€290k€313k▲
Other financial charges652/9€33k€26k▼
Profit (loss) for the period before taxes9903€481k€175k▼
Transfer from deferred taxes780€10k€9k▼
Income taxes67/77€129k€63k▼
Taxes670/3€129k€63k▼
Profit (loss) for the period9904€362k€121k▼
Transfer from tax-exempt reserves789€24k€24k=
Profit (loss) for the period to be appropriated9905€386k€145k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.28M€145k▼
Profit (loss) brought forward from the previous period14P€1.89M-
Transfer to equity691/2€2.28M€145k▼
To other reserves6921€2.28M€145k▼
Social balance
Average headcount (FTE)908745.245.1▼
The notes to these accounts (78 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €13.19M | €12.65M | ▼ 4.1% |
| Turnover70 | - | - | - | €11.48M | €11.02M | ▼ 4.1% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | €372k | €-13k | ▼ 103% |
| Own construction capitalised72 | - | - | - | - | €187k | - |
| Other operating income74 | - | - | - | €1.34M | €1.46M | ▲ 9.0% |
| Operating charges60/66A | - | - | - | €12.42M | €12.17M | ▼ 2.0% |
| Goods for resale, raw materials and consumables60 | - | - | - | €5.23M | €4.98M | ▼ 4.6% |
| Purchases600/8 | - | - | - | €4.97M | €4.38M | ▼ 11.8% |
| Change in stocks: decrease (increase)609 | - | - | - | €259k | €604k | ▲ 133% |
| Services and other goods61 | - | - | - | €2.89M | €3.04M | ▲ 5.2% |
| Remuneration, social security and pensions62 | - | €2.43M | €2.65M | €2.98M | €2.93M | ▼ 1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.62M | €1.53M | €1.36M | €1.26M | €1.15M | ▼ 8.3% |
| Other operating charges640/8 | - | €61k | €61k | €63k | €64k | ▲ 2.2% |
| Gross operating margin9900 | €4.05M | €4.30M | €4.89M | - | - | - |
| Operating profit (loss)9901 | €230k | €276k | €826k | €774k | €483k | ▼ 37.5% |
| Financial income75/76B | - | €47k | €78k | €30k | €31k | ▲ 5.0% |
| Recurring financial income75 | €19k | €47k | €78k | €30k | €31k | ▲ 5.0% |
| Income from financial fixed assets750 | - | - | - | €4k | €8k | ▲ 83.3% |
| Other financial income752/9 | - | - | - | €26k | €24k | ▼ 7.7% |
| Financial charges65/66B | - | €173k | €224k | €323k | €340k | ▲ 5.2% |
| Recurring financial charges65 | €186k | €173k | €224k | €323k | €340k | ▲ 5.2% |
| Debt charges650 | - | - | - | €290k | €313k | ▲ 8.1% |
| Other financial charges652/9 | - | - | - | €33k | €26k | ▼ 20.4% |
| Profit (loss) for the period before taxes9903 | €62k | €149k | €680k | €481k | €175k | ▼ 63.6% |
| Transfer from deferred taxes780 | - | €3k | €9k | €10k | €9k | ▼ 7.9% |
| Transfer to deferred taxes680 | - | - | €55k | - | - | - |
| Income taxes67/77 | €31k | €52k | €133k | €129k | €63k | ▼ 51.0% |
| Taxes670/3 | - | - | - | €129k | €63k | ▼ 51.0% |
| Profit (loss) for the period9904 | €35k | €100k | €500k | €362k | €121k | ▼ 66.5% |
| Transfer from tax-exempt reserves789 | - | - | €18k | €24k | €24k | = |
| Transfer to tax-exempt reserves689 | - | - | €166k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €72k | €100k | €352k | €386k | €145k | ▼ 62.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.64M | €12.39M | €11.80M | €11.26M | €11.37M | ▲ 1.0% |
| Fixed assets21/28 | €8.49M | €7.53M | €6.33M | €6.18M | €6.26M | ▲ 1.3% |
| Intangible fixed assets21 | €737k | €567k | €369k | €270k | €510k | ▲ 88.9% |
| Tangible fixed assets22/27 | €7.74M | €6.96M | €5.96M | €5.89M | €5.74M | ▼ 2.5% |
| Land and buildings22 | - | €5.23M | €4.43M | €4.71M | €4.52M | ▼ 4.0% |
| Plant, machinery and equipment23 | - | €304k | €344k | €347k | €743k | ▲ 114% |
| Furniture and vehicles24 | - | €57k | €47k | €49k | €42k | ▼ 14.6% |
| Leasing and similar rights25 | - | €1.37M | €1.14M | €784k | €438k | ▼ 44.1% |
| Financial fixed assets28 | €5k | €5k | €3k | €27k | €11k | ▼ 57.3% |
| Other financial fixed assets284/8 | - | - | - | €27k | €11k | ▼ 57.3% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €27k | €11k | ▼ 57.3% |
| Current assets29/58 | €4.16M | €4.85M | €5.47M | €5.08M | €5.11M | ▲ 0.5% |
| Stocks and contracts in progress3 | €1.38M | €2.08M | €3.75M | €3.86M | €3.24M | ▼ 16.0% |
| Stocks30/36 | - | €2.08M | €3.75M | €3.86M | €3.24M | ▼ 16.0% |
| Raw materials and consumables30/31 | - | - | - | €2.33M | €1.70M | ▼ 27.0% |
| Work in progress32 | - | - | - | €15k | €14k | ▼ 0.9% |
| Finished goods33 | - | - | - | €1.41M | €1.40M | ▼ 0.9% |
| Goods purchased for resale34 | - | - | - | €105k | €130k | ▲ 23.4% |
| Amounts receivable within one year40/41 | €2.20M | €2.47M | €1.39M | €995k | €1.69M | ▲ 69.4% |
| Trade receivables40 | - | €2.45M | €1.37M | €981k | €1.67M | ▲ 70.7% |
| Other amounts receivable41 | - | €29k | €20k | €14k | €12k | ▼ 18.4% |
| Cash at bank and in hand54/58 | €513k | €238k | €256k | €137k | €129k | ▼ 5.7% |
| Deferred charges and accrued income490/1 | - | €57k | €78k | €90k | €51k | ▼ 43.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.64M | €12.39M | €11.80M | €11.26M | €11.37M | ▲ 1.0% |
| Equity10/15 | €1.54M | €1.63M | €2.12M | €2.47M | €2.59M | ▲ 4.5% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €150k | €2.40M | €2.53M | ▲ 5.0% |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Tax-exempt reserves132 | - | - | €148k | €125k | €101k | ▼ 19.2% |
| Distributable reserves133 | - | - | €2k | €2.28M | €2.42M | ▲ 6.4% |
| Profit (loss) carried forward14 | €1.44M | €1.54M | €1.89M | - | - | - |
| Investment grants15 | - | €71k | €60k | €50k | €41k | ▼ 17.3% |
| Provisions and deferred taxes16 | €13k | €10k | €57k | €47k | €37k | ▼ 20.0% |
| Deferred taxes168 | - | €10k | €57k | €47k | €37k | ▼ 20.0% |
| Amounts payable17/49 | €11.09M | €10.74M | €9.63M | €8.74M | €8.75M | = |
| Amounts payable after more than one year17 | €8.43M | €7.18M | €6.70M | €5.91M | €6.26M | ▲ 5.9% |
| Financial debts170/4 | - | €7.18M | €6.70M | €5.91M | €6.26M | ▲ 5.9% |
| Leasing and similar obligations172 | - | - | - | €454k | €168k | ▼ 62.9% |
| Credit institutions173 | - | - | - | €5.17M | €5.79M | ▲ 11.9% |
| Other loans174 | - | - | - | €280k | €296k | ▲ 5.5% |
| Amounts payable within one year42/48 | €2.65M | €3.52M | €2.84M | €2.69M | €2.37M | ▼ 11.9% |
| Current portion of amounts payable after more than one year42 | - | €1.73M | €1.25M | €1.16M | €911k | ▼ 21.6% |
| Financial debts43 | - | €208k | €307k | €339k | €335k | ▼ 1.2% |
| Credit institutions430/8 | - | €208k | €307k | €339k | €335k | ▼ 1.2% |
| Trade debts44 | €842k | €1.15M | €901k | €804k | €738k | ▼ 8.2% |
| Suppliers440/4 | - | €1.15M | €901k | €804k | €738k | ▼ 8.2% |
| Taxes, remuneration and social security45 | - | €437k | €381k | €390k | €391k | ▲ 0.4% |
| Taxes450/3 | - | €151k | €88k | €69k | €83k | ▲ 20.7% |
| Remuneration and social security454/9 | - | €286k | €294k | €321k | €308k | ▼ 4.0% |
| Accrued charges and deferred income492/3 | - | €44k | €91k | €139k | €116k | ▼ 16.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35k | €100k | €500k | €362k | €121k | ▼ 66.5% |
| + Depreciation and write-downs630 | €1.62M | €1.53M | €1.36M | €1.26M | €1.15M | ▼ 8.3% |
| Operating cash flow (approximation) | €1.66M | €1.63M | €1.86M | €1.62M | €1.27M | ▼ 21.3% |
| Investment in fixed assets (approximation) | - | €-579k | €-161k | €-1.11M | €-1.23M | ▼ 11.4% |
| Change in cash | - | €-274k | €18k | €-120k | €-8k | ▲ 93.5% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 92 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 22 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 70 days late
2022
31-12
Financial
Highest result since 2018net €500k ▲400%
Operating result €826k, net result €500k, both a record.
31-12
Financial
Equity above €2MEq €2.12M ▲30%
5 profitable years in a row build equity to €2.12M.
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 79 days late
2021
03-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 125 days late
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 118 days late
2019
31-12
Financial
Weakest financial yearnet €28k ▼83.3%
Net result drops to €28k, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
07-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 99 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Lier · 3 establishment units since 2002
Ground area
1.8 ha
Building footprint
1.0 ha
Volume, LiDAR
72,445 m³
3 parcels, Flanders · tallest building 27.8 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
3 establishment units
Paaiestraat 13, 2500 Lier
since 20022.042.186.332
Beltec
since 20152.250.793.047
Beltec
since 20152.250.792.948
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12392A0318/00C000 | Flanders | 1.0 ha | 1 · 5,415 m² | 10.9 m · 3 fl. |
| 11052C0210/00Z000 | Flanders | 6,454 m² | 1 · 3,026 m² | 27.8 m · 2 fl. |
| 12392A0457/00D002 | Flanders | 1,747 m² | 1 · 1,747 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 299 EUR awarded · 299 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 299 EUR | 299 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
1 endedProductieoperator metaal (so)
Similar companies · same sector, comparable size
A.C. CONSTRUCT
BE 0467.212.475
Zwevegem · Eq €2.58M
CHASSIPLAST
BE 0425.853.754
Ath · Eq €2.57M
DE VISSCHER W.
BE 0455.816.559
Beerse · Eq €2.56M
BAM BORMET
BE 0414.651.838
Nieuwerkerken (Limb.) · Eq €2.52M
GERCO
BE 0412.568.714
Rumst · Eq €2.66M
Of 568 companies in sector 28120 we hold annual accounts for 492. 328 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
Founded31-01-1989
Fiscal year end31-12
Activities, NACEBEL 2025
22260Manufacture of rubber and plastic products
28120Manufacture of machinery and equipment not elsewhere classified
22120Manufacture of rubber and plastic products
Scores and ratios are computed by Checked and are not a credit decision.