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 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BELGINOVA from Kortrijk, company number BE0452405129, closed financial year 2025 with a result of € -25,889 after tax. For that financial year BELGINOVA recorded a gross margin of € 10,149 and equity of € -497,270. Compared with financial year 2024, the result moved from € -35,988 to € -25,889. 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 October 7, 2025.
€ -497,270
▼ € 25,889 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -25,889
▲ 28 % less loss than in 2024
Profit after tax over the fiscal year.
€ 11,245
▼ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -559,270.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4,933
▼ 93% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -22,724 | € 17,201 | € 85,815 | € 10,149 | ▼ 88% |
| Profit after taxes | € -35,291 | € -20,071 | € -35,988 | € -25,889 | ▲ € 10,099 |
| Equity | € -415,322 | € -435,393 | € -471,381 | € -497,270 | ▼ € 25,889 |
| Total debts | € 991,154 | € 1,126,627 | € 1,091,527 | € 1,239,863 | ▲ 14% |
| Cash | € 88,967 | € 13,809 | € 35,724 | € 11,245 | ▼ 69% |
| Retained profit | € -477,322 | € -497,393 | € -533,381 | € -559,270 | ▼ € 25,889 |
| Balance sheet total | € 575,832 | € 691,234 | € 620,146 | € 742,593 | ▲ 20% |
Key figures of BELGINOVA, 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 October 2026.
What happened to BELGINOVA?
What happened at BELGINOVA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 25,889. Source: NBB ↗
- Karim Redjal stepped down as director. NBB
- Pol Speleers stepped down as director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 35,291 loss in 2022 to € 25,889 loss in 2025.
A new publication or filing at BELGINOVA? 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
Establishments
Establishment units
Physical locations of this company
Doornikserijksweg(Bel) 12
8510 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0452.405.129
- VAT number
- BE 0452.405.129
- Registered office
- Doornikserijksweg(Bel) 12, 8510 Kortrijk
- Names & denominations
- BELGINOVA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 April 1994
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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