Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
-
Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
BELGOREX from Flémalle, company number BE0427549373, closed financial year 2024 with a result of € 26,797 after tax. For that financial year BELGOREX recorded a gross margin of € 1.2 million and equity of € -7,484. Compared with financial year 2023, the result moved from € -507,227 to € 26,797. Profitable, and profit is growing. 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 August 29, 2025.
€ -7,484
▲ € 26,797 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 26,797
▲ still € 507,227 loss in 2023
Profit after tax over the fiscal year.
€ 4,050
▲ € 4,043 vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -107,484.
People and assets in 2024
19.7
▼ 6.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▼ 38% vs 2023
€ 53,800 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.
€ 17,562
▼ 52% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 419,463
▼ 11% vs 2023
€ 114,432 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 871,731
▼ 24% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 357,948
▼ 9% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 1,823,418 | € 1,083,609 | € 1,339,309 | € 1,248,005 | ▼ 7% |
| Profit after taxes | € 656,624 | € 74,044 | € -507,227 | € 26,797 | ▲ € 534,024 |
| Equity | € 398,903 | € 472,947 | € -34,281 | € -7,484 | ▲ € 26,797 |
| Total debts | € 985,501 | € 1,243,589 | € 2,347,526 | € 1,842,630 | ▼ 22% |
| Cash | € 161,749 | € 80,507 | € 8 | € 4,050 | ▲ € 4,043 |
| Retained profit | € 298,903 | € 372,947 | € -134,281 | € -107,484 | ▲ € 26,797 |
| Bank debt | € 352,891 | € 438,912 | € 473,547 | € 419,463 | ▼ 11% |
| Balance sheet total | € 1,384,403 | € 1,716,535 | € 2,313,245 | € 1,835,146 | ▼ 21% |
| Employees (FTE) | 19.8 | 21.2 | 25.9 | 19.7 | ▼ 6.2 |
Key figures of BELGOREX, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to BELGOREX?
What happened at BELGOREX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
BELGOREX is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: profit of € 26,797. filed late Source: NBB ↗
- HUY INVEST became a director. NBB
- New establishment in Flémalle. KBO
- Start of the company according to the CBE. KBO
In short
From € 656,624 profit in 2021 to € 26,797 profit in 2024.
Paid € 1,350 in corporate taxes since 2021.
Best year ever: 2021, with € 656,624 profit.
On average € 63,400 of value added per employee in 2024.
A new publication or filing at BELGOREX? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of HUY INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BELGOREXBehind BELGOREX is HUY INVEST. The shares are held by HUY INVEST (100%).
Directors
According to the 2024 annual accounts
Managing director · represented by Dominique RONZULLO
since 2020
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Parc Industriel 1
4400 Flémalle
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0427.549.373
- VAT number
- BE 0427.549.373
- Registered office
- Parc Industriel 1, 4400 Flémalle
- Names & denominations
- BELGOREX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 30 July 1985
- Peppol
- Active · Active since 23 Oct 2025
- Contact
- [email protected]
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