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 2026
BELOR HOLDING from Zwalm, company number BE0480119811, closed financial year 2026 with a result of € 37,118 after tax. For that financial year BELOR HOLDING recorded a gross margin of € -7,105 and equity of € -107,257. Compared with financial year 2025, the result moved from € 24,174 to € 37,118. 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 September 24, 2026.
€ -107,257
▲ € 37,118 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 37,118
▲ 54% vs 2025
Profit after tax over the fiscal year.
€ 29,939
▲ € 29,221 vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € -518,457.
Debts at end 2026
€ 650,000
▲ 10% vs 2025
Loans from banks and other lenders, long and short.
€ 28
▼ 98% vs 2025
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € -42,318 | € 46,034 | € -4,364 | € -7,105 | ▼ € 2,740 |
| Profit after taxes | € -201,724 | € -16,817 | € 24,174 | € 37,118 | ▲ 54% |
| Equity | € -151,732 | € -168,549 | € -144,375 | € -107,257 | ▲ € 37,118 |
| Total debts | € 3,325,943 | € 2,172,770 | € 2,158,112 | € 652,036 | ▼ 70% |
| Cash | € 25,804 | € 1,738 | € 718 | € 29,939 | ▲ € 29,221 |
| Retained profit | € -562,932 | € -579,749 | € -555,575 | € -518,457 | ▲ € 37,118 |
| Bank debt | € 2,200,000 | € 581,042 | € 592,271 | € 650,000 | ▲ 10% |
| Balance sheet total | € 3,174,211 | € 2,004,221 | € 2,013,736 | € 544,779 | ▼ 73% |
Key figures of BELOR HOLDING, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to BELOR HOLDING?
What happened at BELOR HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 37,118 (▲ 54% vs 2025). Source: NBB ↗
- New establishment in Zwalm. KBO
- Start of the company according to the CBE. KBO
In short
From € 201,724 loss in 2023 to € 37,118 profit in 2026.
Paid € 2,605 in corporate taxes since 2023.
Best year ever: 2026, with € 37,118 profit.
Management
The stake of VTM INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BELOR HOLDINGBehind BELOR HOLDING is VTM INVEST BV. The shares are held by VTM INVEST (100%).
Directors
According to the 2026 annual accounts
Director · represented by Maïte Matton
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Eesstraat(SBB) 16 box 1
9630 Zwalm
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0480.119.811
- VAT number
- BE 0480.119.811
- Registered office
- Eesstraat(SBB) 16 bus 1, 9630 Zwalm
- Names & denominations
- BELOR HOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 April 2003
- Peppol
- Active · Active since 12 Feb 2025
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