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.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
BELINCO from Brussel, company number BE0647636732, closed financial year 2025 with a result of € -202,399 after tax. For that financial year BELINCO recorded a gross margin of € 926,100 and equity of € -1 million. Compared with financial year 2024, the result moved from € -376,423 to € -202,399. The company made a loss. 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 June 16, 2026.
€ -1 million
▼ € 202,399 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -202,399
▲ 46 % less loss than in 2024
Profit after tax over the fiscal year.
€ 172,959
▲ 259% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1 million.
Debts at end 2025
€ 13.4 million
Loans from banks and other lenders, long and short.
€ 20,865
▲ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,454
▲ 106% 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 | € 137,862 | € 806,498 | € 745,298 | € 926,100 | ▲ 24% |
| Profit after taxes | € -329,634 | € -28,707 | € -376,423 | € -202,399 | ▲ € 174,024 |
| Equity | € -422,830 | € -451,537 | € -827,961 | € -1,030,360 | ▼ € 202,399 |
| Total debts | € 12,620,112 | € 14,019,419 | € 13,676,010 | € 13,718,752 | |
| Cash | € 266,547 | € 373,514 | € 48,123 | € 172,959 | ▲ 259% |
| Land & buildings | € 11,764,425 | € 12,957,680 | € 12,659,635 | € 12,311,531 | ▼ 3% |
| Retained profit | € -429,030 | € -457,737 | € -834,161 | € -1,036,560 | ▼ € 202,399 |
| Bank debt | € 11,706,639 | € 13,360,639 | € 13,360,639 | € 13,360,639 | |
| Balance sheet total | € 12,197,282 | € 13,567,882 | € 12,848,049 | € 12,688,392 | ▼ 1% |
Key figures of BELINCO, 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 BELINCO?
What happened at BELINCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 202,399. Source: NBB ↗
- Curalia Brokers BV became a director. NBB
- CURALIA OVV became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 329,634 loss in 2022 to € 202,399 loss in 2025.
Management
Behind BELINCO are Curalia Brokers BV and CURALIA OVV. The shares are held by Curalia OVV (100%).
Directors
According to the 2025 annual accounts
Director · represented by ALAIN CRAPS
Also active at: Foltadel, Westlimco, EXOS KVK, INVESTA QUETELET, DER BOEDE
since 2022
Director · represented by CAROLINE DE BLIECK
Also active at: Foltadel, Westlimco, First Retail International 2, EXOS KVK, First Retail International, INVESTA QUETELET, Solux Invest, DER BOEDE +1 more
since 2022
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Tweekerkenstraat 31
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →Amitié Belgo-Chinoises
Foltadel same network
€ -77,072 gross margin · 2025
Association des Infirmières indépendantes de Belgique
Westlimco same network
€ 337,611 revenue · 2025
MEDICAL WEB SERVICES
€ -43,165 gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0647.636.732
- VAT number
- BE 0647.636.732
- Registered office
- Tweekerkenstraat 31, 1000 Brussel
- Names & denominations
- BELINCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 January 2016
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Overige rechtskundige dienstverlening
Overige zakelijke dienstverlening, neg