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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Tight liquidity NBB
Cash and receivables cover 41 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BELLINGS-PAQUE from Tongeren-Borgloon, company number BE0461766025, closed financial year 2025 with a result of € 110,022 after tax. For that financial year BELLINGS-PAQUE recorded a gross margin of € 650,588 and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 67,739 to € 110,022. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 3, 2026.
€ 1.2 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 110,022
▲ 62% vs 2024
Profit after tax over the fiscal year.
€ 249,888
▲ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 60,000 paid out
55 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
5.7
▲ 2.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 220,239
▲ 40% vs 2024
€ 38,600 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.
€ 388,636
▲ 59% vs 2024
Of which on lease € 10,298.
Debts at end 2025
€ 1.1 million
▼ 11% vs 2024
€ 122,798 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 393,655
▲ 76% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 50,569
▲ 124% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 620,243 | € 710,219 | € 472,836 | € 650,588 | ▲ 38% |
| Profit after taxes | € 230,071 | € 235,670 | € 67,739 | € 110,022 | ▲ 62% |
| Equity | € 1,110,927 | € 1,146,598 | € 1,178,337 | € 1,228,358 | ▲ 4% |
| Total debts | € 1,574,338 | € 2,178,133 | € 1,869,729 | € 1,947,078 | ▲ 4% |
| Cash | € 281,326 | € 326,581 | € 198,197 | € 249,888 | ▲ 26% |
| Land & buildings | € 1,195,347 | € 1,499,010 | € 1,406,674 | € 1,372,107 | ▼ 2% |
| Retained profit | € 850,874 | € 886,544 | € 918,283 | € 968,305 | ▲ 5% |
| Dividend | € 200,000 | € 200,000 | € 36,000 | € 60,000 | ▲ 67% |
| Bank debt | € 1,141,984 | € 1,012,290 | € 1,254,828 | € 1,116,739 | ▼ 11% |
| Balance sheet total | € 2,685,265 | € 3,324,731 | € 3,048,065 | € 3,176,774 | ▲ 4% |
| Employees (FTE) | 4 | 4.7 | 3.5 | 5.7 | ▲ 2.2 |
Key figures of BELLINGS-PAQUE, 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 March 2027.
What happened to BELLINGS-PAQUE?
What happened at BELLINGS-PAQUE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 110,022 (▲ 62% vs 2024). Source: NBB ↗
- Maurice Bellings became a director. NBB
- M.B. Beheer BV BV became a director. NBB
- Emiline Constance Paque became a director. NBB
- New establishment in Tongeren-Borgloon. KBO
- Start of the company according to the CBE. KBO
In short
From € 230,071 profit in 2022 to € 110,022 profit in 2025.
Paid € 37,159 in corporate taxes since 2022.
Best year ever: 2023, with € 235,670 profit.
On average € 114,100 of value added per employee in 2025.
Management
Behind BELLINGS-PAQUE are Maurice Bellings, M.B. Beheer BV BV and Emiline Constance Paque.
Directors
According to the 2025 annual accounts
Maurice Bellings
Administrator-manager
since 2022
Administrator-manager · represented by Bellings Manuel
since 2022
Emiline Constance Paque
Administrator-manager
since 2022
Establishments
Establishment units
Physical locations of this company
Tongersesteenweg 391
3840 Tongeren-Borgloon
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0461.766.025
- VAT number
- BE 0461.766.025
- Registered office
- Tongersesteenweg 391, 3840 Tongeren-Borgloon
- Names & denominations
- BELLINGS-PAQUE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 October 1997
- Peppol
- Active · Active since 21 Jan 2026
- Activities · NACE
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