Losses
-€17,224 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
BAFI
Lifetime
8 annual accounts with figures on one time axispeak €500 (2024)
-€3,214▼ €3,714
lowest -€15,744 (2018)
-€12,853▼ €8,482
peak €34,256 (2018)
€7,691▼ 62.6%
€314,765▲ 288%
peak 0 FTE (2023)
-not published
Board3 names since 2017
3 directors and 2 others
Owners2 names in the annual accounts
51% and 1 other
Documentsfilings and deeds
06-02-20266 days late
2025abbreviated format
Gross margin from €500 to -€3,214Loss of €12,853Equity from €20,545 to €7,691Debts from €81,210 to €314,765Cash from €1,734 to €2,721
Key points
from the 2025 annual accountsDebts
€314,765 98% of the balance sheet
After one year 57%Within one year 43%
Of this, €135,872 falls due within a year.
Liquidity
2.37 was 1.25 in 2024
Short-term debts rose from €81,210 to €135,872.
2025 accounts filed 6 days after the deadlineTurnover not published (abbreviated format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 849 companies had the same profile as BAFI has now. Each dot stands for 3 companies, two years later.
91.9%
were still trading
3.3%
stopped another way
4.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 849 companies, not a prediction for BAFI. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, since 09-06-2017
Manager, since 09-06-2017
Director, since 09-06-2017
- 51%equity €2.7m (2025) · 2025 annual accounts of
- 49%score equity €537,847 (2025) · 30-09-2025 annual accounts of
Recent changes
Environmental permit granted
Slopen van niet vrijstaande gebouwen of constructies, Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Roeselare
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0676702385
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Roeselare
2 managers resigning, 2 directors reappointed
Resignations: (manager) and (manager) · Reappointments: (director) and (director) · General meeting of 07-02-2024 · Gazette deed
Official details
Source: KBO- Status
- Active since 09-06-2017Normal situation
- Activity
- “Bovenvermelde opsomming is niet beperkend,doch dient in de ruimste zin uitgelegd te worden,zodat de…” (deed in Dutch)From the articles, 17 activitiesNo NACE code in the KBO yet
- Financial year end
- 30 June
- Peppol
- Reachable since 03-02-2026
Insights on BAFI
BAFI files the abbreviated format. That format states no turnover. The gross margin fell from -€1,109 in 2018 to -€3,214 in 2025.
holds 51% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BAFI
- What is the company number of BAFI?
- The company number of BAFI is 0676.702.385. The VAT number is the same number with BE in front: BE 0676.702.385.
- Where is BAFI based?
- The registered office is at Waregemsestraat 17, 9771 Kruisem.Company details
- What is the legal form of BAFI?
- BAFI is a private limited company (BV).
- When was BAFI founded?
- BAFI was founded on 09-06-2017.
- Is BAFI still active?
- Yes, BAFI is an active enterprise in the KBO register.
- What is the turnover of BAFI?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is BAFI profitable?
- In financial year 2025, BAFI made a loss of €12,853.
- Where can I find the annual accounts of BAFI?
- BAFI filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BAFI due?
- BAFI must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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