Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BELCO FINANCE from Ukkel, company number BE0543374204, closed financial year 2025 with a result of € 80,820 after tax. For that financial year BELCO FINANCE recorded a gross margin of € 131,829 and equity of € 23,882. Compared with financial year 2024, the result moved from € 149,190 to € 80,820. The company is profitable. The buffer shrank hard: equity is 88 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 23,882
▼ 88% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 80,820
▼ 46% vs 2024
Profit after tax over the fiscal year.
€ 73,580
▼ 47% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 260,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 26,735
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 35,813
▼ 51% vs 2024
€ 23,891 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 6,356
▲ 131% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 26,786
▼ 34% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 225,874 | € 227,991 | € 219,994 | € 131,829 | ▼ 40% |
| Profit after taxes | € 155,073 | € 150,256 | € 149,190 | € 80,820 | ▼ 46% |
| Equity | € 213,616 | € 203,873 | € 203,063 | € 23,882 | ▼ 88% |
| Total debts | € 407,676 | € 308,481 | € 252,931 | € 307,198 | ▲ 21% |
| Cash | € 195,893 | € 32,880 | € 138,132 | € 73,580 | ▼ 47% |
| Land & buildings | € 234,816 | € 224,041 | € 212,343 | € 200,644 | ▼ 6% |
| Retained profit | € 195,016 | € 185,273 | € 184,463 | € 5,282 | ▼ 97% |
| Dividend | € 180,000 | € 160,000 | € 150,000 | € 260,000 | ▲ 73% |
| Bank debt | € 140,097 | € 105,582 | € 72,879 | € 35,813 | ▼ 51% |
| Balance sheet total | € 621,292 | € 512,353 | € 455,994 | € 331,080 | ▼ 27% |
Key figures of BELCO FINANCE, 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 BELCO FINANCE?
What happened at BELCO FINANCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 80,820 (▼ 46% vs 2024). Source: NBB ↗
- Suzanne VAN MOORSEL became a director. NBB
- Benjamin AUBRY became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 155,073 profit in 2022 to € 80,820 profit in 2025.
Paid € 162,332 in corporate taxes since 2022.
Best year ever: 2022, with € 155,073 profit.
Paid out € 750,000 in dividends to the owners in total.
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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 BELCO FINANCE are Suzanne VAN MOORSEL and Benjamin AUBRY.
Directors
According to the 2025 annual accounts
Suzanne VAN MOORSEL
Director
since 2023
Benjamin AUBRY
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Henri Pirennelaan 19
1180 Ukkel
François Roffiaenstraat 15
1050 Elsene
Active since 17 December 2013
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0543.374.204
- VAT number
- BE 0543.374.204
- Registered office
- Henri Pirennelaan 19, 1180 Ukkel
- Names & denominations
- BELCO FINANCE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 December 2013
- Peppol
- Active · Active since 24 Nov 2025
- Contact
- 0478711591
- Activities · NACE
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