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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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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 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Beltramex from Kortemark, company number BE0420844495, closed financial year 2025 with a result of € -236 after tax. For that financial year Beltramex recorded a gross margin of € -66 and equity of € -39,444. Compared with financial year 2024, the result moved from € -2,181 to € -236. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.
€ -39,444
▼ € 236 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -236
▲ 89 % less loss than in 2024
Profit after tax over the fiscal year.
€ 256
▼ 56% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -694,799.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 128
▼ 75% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 383 | € -64 | € -1,658 | € -66 | ▲ € 1,592 |
| Profit after taxes | € -117 | € -727 | € -2,181 | € -236 | ▲ € 1,945 |
| Equity | € -36,301 | € -37,027 | € -39,208 | € -39,444 | ▼ € 236 |
| Total debts | € 36,500 | € 37,268 | € 40,252 | € 40,167 | |
| Cash | € 16 | € 57 | € 577 | € 256 | ▼ 56% |
| Retained profit | € -691,656 | € -692,382 | € -694,563 | € -694,799 | |
| Balance sheet total | € 200 | € 241 | € 1,044 | € 723 | ▼ 31% |
Key figures of Beltramex, 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 Beltramex?
What happened at Beltramex in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 236. Source: NBB ↗
- Maurienas bv became a director. NBB
- Leeuwenhart bv became a director. NBB
- Elodes bv became a director. NBB
- New establishment in Kortemark. KBO
- Start of the company according to the CBE. KBO
In short
From € 117 loss in 2022 to € 236 loss in 2025.
Management
Behind Beltramex are Maurienas bv, Leeuwenhart bv and Elodes bv. The same people are also behind BVI.EU. Maurienas bv is also behind Sequentia Invest and FLOREFFE REAL ESTATE. Leeuwenhart bv is also behind Sequentia Invest and FLOREFFE REAL ESTATE.
Directors
According to the 2025 annual accounts
Director · represented by Evelien Vulsteke
Also active at: BVI.EU, Sequentia Invest, FLOREFFE REAL ESTATE
since 2022
Director · represented by Nickolas Vulsteke
Also active at: BVI.EU, Sequentia Invest, FLOREFFE REAL ESTATE
since 2022
Establishments
Establishment units
Physical locations of this company
Hoogledestraat 122B
8610 Kortemark
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →LUC VULSTEKE INDUSTRIAL
€ 94.1 million revenue · 2025
LEEUWENHART same network
€ 46,971 gross margin · 2025
Résidences Libramont
€ -364,614 gross margin · 2024
IMMO DE POSTHOORN
€ -14,723 gross margin · 2025
DKU BEHEER
€ 1 million gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0420.844.495
- VAT number
- BE 0420.844.495
- Registered office
- Hoogledestraat 122B, 8610 Kortemark
- Names & denominations
- Beltramex
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 October 1980
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Detailhandel in onderdelen en accessoires van motorvoertuigen
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Kleinhandel in onderdelen en accessoires van auto's
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)