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 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BEL-CO from Hasselt, company number BE0834069148, closed financial year 2025 with a result of € 59,737 after tax. For that financial year BEL-CO recorded a gross margin of € 118,326 and equity of € 303,197. Compared with financial year 2024, the result moved from € 65,528 to € 59,737. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ 303,197
▲ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 59,737
▼ 9% vs 2024
Profit after tax over the fiscal year.
€ 16,421
▲ 96% 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 € 284,597.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,457
▲ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,462
▼ 56% 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 | € 71,755 | € 91,426 | € 116,409 | € 118,326 | ▲ 2% |
| Profit after taxes | € 35,939 | € 48,142 | € 65,528 | € 59,737 | ▼ 9% |
| Equity | € 129,789 | € 177,932 | € 243,460 | € 303,197 | ▲ 25% |
| Total debts | € 306,850 | € 221,875 | € 214,471 | € 208,086 | ▼ 3% |
| Cash | € 16,734 | € 10,041 | € 8,391 | € 16,421 | ▲ 96% |
| Land & buildings | € 392,441 | € 376,526 | € 436,459 | € 474,300 | ▲ 9% |
| Retained profit | € 111,189 | € 159,332 | € 224,860 | € 284,597 | ▲ 27% |
| Balance sheet total | € 436,639 | € 399,807 | € 457,931 | € 511,283 | ▲ 12% |
Key figures of BEL-CO, 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 BEL-CO?
What happened at BEL-CO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 59,737 (▼ 9% vs 2024). Source: NBB ↗
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 35,939 profit in 2022 to € 59,737 profit in 2025.
Paid € 100,074 in corporate taxes since 2022.
Best year ever: 2024, with € 65,528 profit.
Management
Behind BEL-CO is John Lenaers. John Lenaers is also behind GL Hospitality, ZUIDERRING INVEST, WEZEL, IMMO CURTIS and Algemene Ondernemingen G. LENAERS.
Directors
According to the 2025 annual accounts
John Lenaers
Director
Also active at: GL Hospitality, ZUIDERRING INVEST, WEZEL, IMMO CURTIS, Algemene Ondernemingen G. LENAERS, GROUP GL International, GIROMA, BSL CONSTRUCT +34 more
Establishments
Establishment units
Physical locations of this company
Hoogheide 55
3511 Hasselt
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0834.069.148
- VAT number
- BE 0834.069.148
- Registered office
- Hoogheide 55, 3511 Hasselt
- Names & denominations
- BEL-CO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 February 2011
- Peppol
- Active · Active since 27 Aug 2025
- Activities · NACE
Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg
Overige gespecialiseerde wetenschappelijke en technische activiteiten
Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts