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 62 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BELCO ENGINEERING from Herstal, company number BE0651631647, closed financial year 2025 with a result of € 22,704 after tax. For that financial year BELCO ENGINEERING recorded a gross margin of € 81,078 and equity of € 46,840. Compared with financial year 2024, the result moved from € 20,511 to € 22,704. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 29, 2026.
€ 46,840
▲ 88% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 22,704
▲ 11% vs 2024
Profit after tax over the fiscal year.
€ 23,229
▲ € 20,366 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 800 paid out
4 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 5,829
▲ € 4,620 vs 2024
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
€ 17,667
▲ 50% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 132,652
▼ 4% vs 2024
€ 23,079 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 2,425
▲ 50% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,384
▲ 233% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 30,236 | € 42,211 | € 59,402 | € 81,078 | ▲ 36% |
| Profit after taxes | € 2,866 | € 9,331 | € 20,511 | € 22,704 | ▲ 11% |
| Equity | € -4,107 | € 5,224 | € 24,935 | € 46,840 | ▲ 88% |
| Total debts | € 288,814 | € 265,220 | € 254,695 | € 234,326 | ▼ 8% |
| Cash | € 1,810 | € 4,979 | € 2,863 | € 23,229 | ▲ € 20,366 |
| Land & buildings | € 263,220 | € 242,750 | € 250,434 | € 234,500 | ▼ 6% |
| Retained profit | € -22,956 | € -13,625 | € 6,086 | € 27,991 | ▲ € 21,904 |
| Dividend | € 0 | € 0 | € 800 | € 800 | |
| Bank debt | € 124,778 | € 116,555 | € 138,436 | € 132,652 | ▼ 4% |
| Balance sheet total | € 284,708 | € 270,445 | € 279,631 | € 281,166 | ▲ 1% |
Key figures of BELCO ENGINEERING, 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 ENGINEERING?
What happened at BELCO ENGINEERING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 22,704 (▲ 11% vs 2024). Source: NBB ↗
- New establishment in Herstal. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,866 profit in 2022 to € 22,704 profit in 2025.
Paid € 12,790 in corporate taxes since 2022.
Best year ever: 2025, with € 22,704 profit.
Paid out € 1,600 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 ENGINEERING is Hugo GEE. Hugo GEE is also behind NORDSUP.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Rue Pépin de Herstal 43
4040 Herstal
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0651.631.647
- VAT number
- BE 0651.631.647
- Registered office
- Rue Pépin de Herstal 43, 4040 Herstal
- Names & denominations
- BELCO ENGINEERING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 April 2016
- Peppol
- Active · Active since 20 Nov 2020
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