Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 65 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
BELARCA from Incourt, company number BE0418133247, closed financial year 2025 with a result of € 527,375 after tax. For that financial year BELARCA recorded a gross margin of € 730,176 and equity of € 591,705. Compared with financial year 2024, the result moved from € 7,526 to € 527,375. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 591,705
▲ € 527,375 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 527,375
▲ € 519,849 vs 2024
Profit after tax over the fiscal year.
€ 62,547
▲ 119% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 393,390.
Debts at end 2025
€ 440,975
▼ 13% vs 2024
€ 68,682 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 1,354
▼ 89% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 98,918 | € 103,814 | € 113,103 | € 730,176 | ▲ € 617,073 |
| Profit after taxes | € 4,826 | € -580 | € 7,526 | € 527,375 | ▲ € 519,849 |
| Equity | € 57,383 | € 56,804 | € 64,330 | € 591,705 | ▲ € 527,375 |
| Total debts | € 1,197,515 | € 1,160,193 | € 1,096,135 | € 483,613 | ▼ 56% |
| Cash | € 35,768 | € 22,424 | € 28,578 | € 62,547 | ▲ 119% |
| Land & buildings | € 1,202,679 | € 1,179,539 | € 1,117,805 | € 1,002,235 | ▼ 10% |
| Retained profit | € -140,931 | € -141,511 | € -133,985 | € 393,390 | ▲ € 527,375 |
| Bank debt | € 644,585 | € 577,115 | € 509,248 | € 440,975 | ▼ 13% |
| Balance sheet total | € 1,254,898 | € 1,216,997 | € 1,160,464 | € 1,075,318 | ▼ 7% |
Key figures of BELARCA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to BELARCA?
What happened at BELARCA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 527,375 (▲ € 519,849 vs 2024). filed late Source: NBB ↗
- Emmanuel Loubris stepped down as director. NBB
- R.D.I. SCA stepped down as director. NBB
- Emmanuel Loubris became a director. NBB
- R.D.I. SCA became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,826 profit in 2022 to € 527,375 profit in 2025.
Paid € 121,582 in corporate taxes since 2022.
Best year ever: 2025, with € 527,375 profit.
Management
Directors
According to the 2025 annual accounts
Emmanuel Loubris
Director
since 2016 · until 2022
Managing director · represented by Alain DE WULF
since 2016 · until 2022
Establishments
Establishment units
Physical locations of this company
Rue du Commandant Michaux 3/A
1315 Incourt
Steenstraat 29 box 5
1000 Brussel
Active since 15 January 1992
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0418.133.247
- VAT number
- BE 0418.133.247
- Registered office
- Rue du Commandant Michaux 3/A, 1315 Incourt
- Names & denominations
- BELARCA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 February 1978
- Peppol
- Not registered