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.
Financials
Financial year 2025
Belgcast from Perwez, company number BE0445998080, closed financial year 2025 with a result of € 56,278 after tax. For that financial year Belgcast recorded a gross margin of € 118,054 and equity of € -629,878. Compared with financial year 2024, the result moved from € -31,436 to € 56,278. 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 26, 2026.
€ -629,878
▲ € 56,278 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 56,278
▲ still € 31,436 loss in 2024
Profit after tax over the fiscal year.
€ 40,246
▲ € 33,145 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 € -829,878.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 59,623
▲ 3% vs 2024
€ 59,600 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
€ 750,000
Loans from banks and other lenders, long and short.
€ 7,455
▼ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,670
▲ 153% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 94,081 | € 111,009 | € 27,485 | € 118,054 | ▲ € 90,569 |
| Profit after taxes | € 19,386 | € 36,126 | € -31,436 | € 56,278 | ▲ € 87,713 |
| Equity | € -690,846 | € -654,720 | € -686,156 | € -629,878 | ▲ € 56,278 |
| Total debts | € 932,295 | € 940,344 | € 923,403 | € 885,609 | ▼ 4% |
| Cash | € 40,060 | € 7,816 | € 7,102 | € 40,246 | ▲ € 33,145 |
| Retained profit | € -890,846 | € -854,720 | € -886,156 | € -829,878 | ▲ € 56,278 |
| Bank debt | € 750,000 | € 750,000 | € 750,000 | € 750,000 | |
| Balance sheet total | € 241,449 | € 285,624 | € 237,247 | € 255,731 | ▲ 8% |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of Belgcast, 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 Belgcast?
What happened at Belgcast in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 56,278. filed late Source: NBB ↗
- ERIC VAN CUTSEM became a director. NBB
- Sophie POSWICK became a director. NBB
- New establishment in Grâce-Hollogne. KBO
- Start of the company according to the CBE. KBO
In short
From € 19,386 profit in 2022 to € 56,278 profit in 2025.
Best year ever: 2025, with € 56,278 profit.
On average € 118,100 of value added per employee in 2025.
Management
Behind Belgcast are Sophie POSWICK and ERIC VAN CUTSEM. Sophie POSWICK is also behind EMBOURG CONSULTING.
Directors
According to the 2025 annual accounts
since 2018
ERIC VAN CUTSEM
Managing director
since 2023
Establishments
Establishment units
Physical locations of this company
Rue du Long Pont 2
1360 Perwez
Rue de Hollogne 35
4460 Grâce-Hollogne
Active since 7 February 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
- 0445.998.080
- VAT number
- BE 0445.998.080
- Registered office
- Rue du Long Pont 2, 1360 Perwez
- Names & denominations
- Belgcast
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 December 1991
- Peppol
- Active · Active since 20 May 2025
- Activities · NACE
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