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BELLECOM

Active
Public limited companyfounded 20188 yrs activeLouizalaan 65, 1050 Elsene, BelgiumKBO/BCE: BE 0700.778.181
Summary

BELLECOM has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€266,414) and a net result of -€1.3m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 5338 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisWatch ReportCompare
BELLECOMActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
1 site
Size
€26.4mtotal assets 2025
Equity
-€266,414
Loss
-€1.3m
Financial health
54 Fair Checked score 2025
Bankruptcy chance 12 m
0.4%
Structure
Parent
SRLEV NV
Board
1 member
Accounts 51 d early2 of 13 deeds read
Why 54Capped at 59: negative equity- 1 change of registered office in 24 months- Negative equity -€266,414- Loss of €1.3m, the second in a row (FY 2025)+ Size: total assets €26.4mShow the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 32% of its sector peers (NACE 68, medium-sized)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 24-5
equity -1.0% of total assets
Liquidity 58+1
short-term debt 0.5% · cash 6.1%
Profitability 16-3
return on assets -5.0%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,713 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%▼ -2.7% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%▲ +2.7% vs 01-2025 03-2025: 0.1%● 0.0% vs 02-2025 04-2025: 0.1%▲ +2.7% vs 03-2025 05-2025: 0.1%▲ +15.6% vs 04-2025 06-2025: 0.1%▲ +28.1% vs 05-2025 07-2025: 0.1%▲ +15.8% vs 06-2025 08-2025: 0.2%▲ +76.5% vs 07-2025 09-2025: 0.1%▼ -69.1% vs 08-2025lowest value 10-2025: 0.1%● 0.0% vs 09-2025lowest value 11-2025: 0.1%● 0.0% vs 10-2025lowest value 12-2025: 0.1%● 0.0% vs 11-2025lowest value 01-2026: 0.1%● 0.0% vs 12-2025lowest value 02-2026: 0.1%▲ +1.4% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.2%▲ +156% vs 03-2026 05-2026: 0.2%▲ +19.8% vs 04-2026 06-2026: 0.3%▲ +16.1% vs 05-2026 07-2026: 0.3%▲ +13.1% vs 06-2026 08-2026: 0.4%▲ +28.6% vs 07-2026 09-2026: 0.5%▲ +33.9% vs 08-2026highest value 10-2026: 0.4%▼ -29.8% vs 09-2026
  • Size: total assets €26.4m lowers the probability for this profile
  • 1 change of registered office in 24 months raises the probability
  • Negative equity -€266,414 raises the probability
  • Loss of €1.3m, the second in a row (FY 2025) raises the probability
No credit on open account
Liquidity ample (current ratio 14.75 against 6.08 in 2024; short-term debt: 0.5% and cash: 6.1% of total assets), but equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, medium-sized). Better than this share of them on solvency 21%, liquidity 86%, profitability 12%, growth against the median 8%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €26.4m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Negative equity -€266,414
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €1.3m, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€266,414
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 10-06-2026, 51 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
51 d early
2024
21 d late
2023
6 d late
2022
3 d early
2021
17 d early
2020
230 d late
2019
91 d late
← 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 40 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

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. Usually files around 28 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Resignation: IQ EQ Holdings (Belgium) SA…Permanent representatives: Laurent Dassonville and…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Registered officeRegistered-office move · Power of…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€266,414 View
  • Risk: 7 loss-making years in a rowloss fiscal year 2025 -€1.3m View
  • Caution: Among the weakest 5% on net resultsector median €21,799 · 5,342 companies -€1.3m View
  • Controlled by SRLEV NVknown shareholders 100% parent View

By topic

Financials

Fiscal year
2025
Total assets
€26.4m
Loss
-€1.3m
Solvency
-1.0%
Total assets▼ 3.6%
Net result
20192025
Go to Financials

Timeline

Events
14
Since
2020
Next accounts
by 31-07-2027
  1. 17-09-2026Resignation: IQ EQ Holdings (Belgium) SA (director)
  2. 10-06-2026Annual accounts filed
  3. 12-03-2026Registered office
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Renting and operating of own or leased non-residential…NACE 68203
Founded
09-08-2018
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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