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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % 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
Belcy from Braine-l'Alleud, company number BE0420390674, closed financial year 2025 with a result of € -45,670 after tax. For that financial year Belcy recorded a gross margin of € 30,764 and equity of € 159,612. Compared with financial year 2024, the result moved from € -21,302 to € -45,670. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 6, 2026.
€ 159,612
▼ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -45,670
▼ 114 % more loss than in 2024
Profit after tax over the fiscal year.
€ 363
▼ 85% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.3 million.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 57,782
▲ 56% vs 2024
€ 57,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 24,429
Supplier invoices still open on the last day of the fiscal year.
€ 3,869
▼ 74% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 114,383 | € 149,109 | € 30,725 | € 30,764 | |
| Profit after taxes | € 28,931 | € 78,773 | € -21,302 | € -45,670 | ▼ € 24,368 |
| Equity | € 147,811 | € 226,584 | € 205,282 | € 159,612 | ▼ 22% |
| Total debts | € 979,081 | € 917,858 | € 925,779 | € 969,460 | ▲ 5% |
| Cash | € 7,100 | € 15,733 | € 2,352 | € 363 | ▼ 85% |
| Land & buildings | € 596,501 | € 596,501 | € 596,501 | € 596,501 | |
| Retained profit | € -2,332,189 | € -2,253,416 | € -2,274,718 | € -2,320,388 | ▼ € 45,670 |
| Balance sheet total | € 1,126,892 | € 1,144,442 | € 1,131,061 | € 1,129,072 | |
| Employees (FTE) | - | - | 1 | 1 |
Key figures of Belcy, 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 Belcy?
What happened at Belcy in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 45,670. filed late Source: NBB ↗
- New establishment in Braine-l'Alleud. KBO
- Start of the company according to the CBE. KBO
In short
From € 28,931 profit in 2022 to € 45,670 loss in 2025.
Paid € 695 in corporate taxes since 2022.
Best year ever: 2023, with € 78,773 profit.
On average € 30,800 of value added per employee in 2025.
Establishments
Establishment units
Physical locations of this company
Rue La Vau 121
1420 Braine-l'Alleud
Chaussée Bara 104
1420 Braine-l'Alleud
Active since 17 March 1980
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0420.390.674
- VAT number
- BE 0420.390.674
- Registered office
- Rue La Vau 121, 1420 Braine-l'Alleud
- Names & denominations
- Belcy
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 March 1980
- Peppol
- Not registered
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen