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 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BELRUN from Elsene, company number BE0456579295, closed financial year 2025 with a result of € 24,068 after tax. For that financial year BELRUN recorded a gross margin of € 23,203 and equity of € -27,602. Compared with financial year 2024, the result moved from € 23,862 to € 24,068. 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 June 18, 2026.
€ -27,602
▲ € 24,068 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 24,068
▲ 1% vs 2024
Profit after tax over the fiscal year.
€ 206
▲ 27% 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 € -46,194.
Debts at end 2025
€ 116,479
▼ 29% vs 2024
Loans from banks and other lenders, long and short.
€ 218
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 | € 12,913 | € 21,852 | € 23,126 | € 23,203 | |
| Profit after taxes | € -102,061 | € 24,132 | € 23,862 | € 24,068 | ▲ 1% |
| Equity | € -99,664 | € -75,532 | € -51,670 | € -27,602 | ▲ € 24,068 |
| Total debts | € 281,204 | € 223,404 | € 165,987 | € 118,049 | ▼ 29% |
| Cash | € 137 | € 391 | € 163 | € 206 | ▲ 27% |
| Retained profit | € -118,256 | € -94,124 | € -70,262 | € -46,194 | ▲ € 24,068 |
| Bank debt | € 279,852 | € 222,052 | € 164,387 | € 116,479 | ▼ 29% |
| Balance sheet total | € 181,540 | € 147,871 | € 114,317 | € 90,447 | ▼ 21% |
Key figures of BELRUN, 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 BELRUN?
What happened at BELRUN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 24,068 (▲ 1% vs 2024). Source: NBB ↗
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 102,061 loss in 2022 to € 24,068 profit in 2025.
Best year ever: 2023, with € 24,132 profit.
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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
Behind BELRUN are Thérèse VANSPRINGEL and Jean-Pierre LEBRUN. The same people are also behind ESTHEREL.
Establishments
Establishment units
Physical locations of this company
Hervormingsstraat 17
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0456.579.295
- VAT number
- BE 0456.579.295
- Registered office
- Hervormingsstraat 17, 1050 Elsene
- Names & denominations
- BELRUN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 November 1995
- Peppol
- Active · Active since 14 Nov 2025
- Activities · NACE
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