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 29 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BELNEX from Elsene, company number BE0553914540, closed financial year 2025 with a result of € 26,723 after tax. For that financial year BELNEX recorded a gross margin of € 127,505 and equity of € 336,963. Compared with financial year 2024, the result moved from € 108,822 to € 26,723. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ 336,963
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 26,723
▼ 75% vs 2024
Profit after tax over the fiscal year.
€ 38,348
▼ 33% 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 € 318,363.
People and assets in 2025
€ 2,999
▼ 17% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▼ 5% vs 2024
€ 58,291 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 19,066
▲ € 17,039 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,520
▼ 10% 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 | € 180,118 | € 328,667 | € 218,012 | € 127,505 | ▼ 42% |
| Profit after taxes | € 89,793 | € 148,826 | € 108,822 | € 26,723 | ▼ 75% |
| Equity | € 114,591 | € 238,617 | € 310,239 | € 336,963 | ▲ 9% |
| Total debts | € 1,447,312 | € 1,336,219 | € 1,254,200 | € 1,218,708 | ▼ 3% |
| Cash | € 27,838 | € 55,882 | € 56,920 | € 38,348 | ▼ 33% |
| Land & buildings | € 1,030,516 | € 999,797 | € 984,130 | € 980,911 | |
| Retained profit | € 108,391 | € 220,017 | € 291,639 | € 318,363 | ▲ 9% |
| Dividend | € 50,000 | € 37,200 | € 37,200 | € 0 | ▼ 100% |
| Bank debt | € 1,294,396 | € 1,170,748 | € 1,121,955 | € 1,065,764 | ▼ 5% |
| Balance sheet total | € 1,561,903 | € 1,574,837 | € 1,564,439 | € 1,555,671 | ▼ 1% |
Key figures of BELNEX, 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 BELNEX?
What happened at BELNEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 26,723 (▼ 75% vs 2024). filed late Source: NBB ↗
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 89,793 profit in 2022 to € 26,723 profit in 2025.
Paid € 103,552 in corporate taxes since 2022.
Best year ever: 2023, with € 148,826 profit.
Paid out € 124,400 in dividends to the owners in total.
A new publication or filing at BELNEX? We notify you, reason included.
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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 BELNEX is Joachim CEUPPENS. It owns 50% of BELGOIMMO itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Maliestraat 115
1050 Elsene
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0553.914.540
- VAT number
- BE 0553.914.540
- Registered office
- Maliestraat 115, 1050 Elsene
- Names & denominations
- BELNEX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 June 2014
- Peppol
- Active · Active since 10 Mar 2026
- Contact
- [email protected]
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