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 2 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 25 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BELYCO from Ham, company number BE0473385635, closed financial year 2025 with a result of € 412 after tax. For that financial year BELYCO recorded a gross margin of € 64,275 and equity of € -9,432. Compared with financial year 2024, the result moved from € -20,047 to € 412. 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 April 30, 2026.
€ -9,432
▲ € 412 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 412
▲ still € 20,047 loss in 2024
Profit after tax over the fiscal year.
€ 9,414
▼ 28% 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 € -28,032.
People and assets in 2025
€ 751
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 553,052
▲ 5% vs 2024
€ 25,407 is repaid this year. At this pace the long-term loan is gone in ≈ 22 years.
€ 70,476
▲ 86% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,668
▲ 92% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,930 | € -2,879 | € -10,046 | € 64,275 | ▲ € 74,321 |
| Profit after taxes | € 907 | € -4,395 | € -20,047 | € 412 | ▲ € 20,459 |
| Equity | € 14,599 | € 10,204 | € -9,844 | € -9,432 | ▲ € 412 |
| Total debts | € 5,792 | € 6,405 | € 780,062 | € 826,807 | ▲ 6% |
| Cash | € 12,612 | € 6,449 | € 13,149 | € 9,414 | ▼ 28% |
| Land & buildings | € 3,340 | € 2,469 | € 726,774 | € 742,800 | ▲ 2% |
| Retained profit | € -4,001 | € -8,396 | € -28,444 | € -28,032 | ▲ € 412 |
| Bank debt | € 0 | € 0 | € 526,582 | € 553,052 | ▲ 5% |
| Balance sheet total | € 20,390 | € 16,609 | € 770,219 | € 817,375 | ▲ 6% |
Key figures of BELYCO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to BELYCO?
What happened at BELYCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 412. Source: NBB ↗
- New establishment in Ham. KBO
- Start of the company according to the CBE. KBO
In short
From € 907 profit in 2022 to € 412 profit in 2025.
Best year ever: 2022, with € 907 profit.
Management
Behind BELYCO is Herbert Heylen. Herbert Heylen is also behind HEYLEN DOMIN and Westelse Dakwerken.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Bergstraat 42 box C
3945 Ham
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0473.385.635
- VAT number
- BE 0473.385.635
- Registered office
- Bergstraat 42 bus C, 3945 Ham
- Names & denominations
- BELYCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 November 2000
- Peppol
- Active · Active since 20 Jan 2026
- Activities · NACE
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