BALFROID IMMOCONSTRUCTIONS
Annual accounts 2025
micro format, filed on 04-06-2026, 57 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.1m. Estimated: probably between €690,000 and €1.4m.
Balance sheet
balance sheet total €4.4m on 31-12-2025in €m
in euro
Position in the sector
68.9%
Higher than 79% of 17,194 companies in 2025.
10.56
Higher than 92% of 16,491 companies in 2025.
6.7%
Higher than 69% of 16,870 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
4.4m | 4.1m | 3.4m | 3.4m | 2.5m | 2.7m | 2.4m | 2.2m | 2.0m | 1.9m | 1.7m | |
21/28 |
465,600 | 465,000 | - | - | - | - | - | - | - | - | - | |
28 |
465,600 | 465,000 | - | - | - | - | - | - | - | - | - | |
29/58 |
4.0m | 3.6m | 3.4m | 3.4m | 2.5m | 2.7m | 2.4m | 2.2m | 2.0m | 1.9m | 1.7m | |
3 |
3.0m | 3.2m | 3.4m | 3.3m | 1.2m | 1.2m | 1.4m | 1.6m | 1.8m | 1.7m | 1.3m | |
30/36 |
3.0m | 3.2m | 3.4m | 3.3m | 1.2m | 1.2m | 1.4m | 1.6m | 1.7m | 1.7m | 1.2m | |
37 |
- | - | - | - | - | - | - | - | 63,215 | 63,215 | 126,430 | |
40/41 |
- | 121,597 | 3 | 59,251 | - | - | 102,709 | 32,709 | 2,301 | - | 315,470 | |
40 |
- | 121,597 | 3 | 59,251 | - | - | 70,000 | - | 2,301 | - | 315,470 | |
41 |
- | - | - | - | - | - | 32,709 | 32,709 | - | - | - | |
54/58 |
933,693 | 347,212 | 73,526 | 66,270 | 1.3m | 1.4m | 901,276 | 617,433 | 178,059 | 122,905 | 99,980 | |
490/1 |
1,158 | 870 | 641 | 1,187 | 536 | 517 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
4.4m | 4.1m | 3.4m | 3.4m | 2.5m | 2.7m | 2.4m | 2.2m | 2.0m | 1.9m | 1.7m | |
10/15 |
3.0m | 2.8m | 2.5m | 2.3m | 2.0m | 2.6m | 2.4m | 2.1m | 1.9m | 1.7m | 1.6m | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 804,104 | 804,104 | 804,104 | 804,104 | 804,104 | 804,104 | |
100 |
- | - | - | - | - | 804,104 | 804,104 | 804,104 | 804,104 | 804,104 | 804,104 | |
13 |
3.0m | 2.7m | 2.5m | 2.3m | 2.0m | 1.8m | 1.6m | 1.3m | 1.1m | 930,662 | 776,662 | |
130/1 |
- | - | - | - | - | 63,915 | - | - | - | - | - | |
130 |
- | - | - | - | - | 63,915 | 63,915 | 51,946 | 45,643 | 38,401 | 30,701 | |
132 |
- | - | - | 121,040 | 121,040 | 121,040 | 121,040 | 121,040 | - | - | - | |
133 |
3.0m | 2.7m | 2.5m | 2.1m | 1.8m | 1.6m | 1.4m | 1.1m | 1.0m | 892,262 | 745,961 | |
17/49 |
1.4m | 1.3m | 968,169 | 1.1m | 528,356 | 65,547 | 67,358 | 112,326 | 87,078 | 125,065 | 160,962 | |
17 |
1.0m | 1.0m | - | - | - | - | - | - | 1,500 | 1,500 | - | |
178/9 |
1.0m | 1.0m | - | - | - | - | - | - | 1,500 | 1,500 | - | |
42/48 |
374,838 | 348,611 | 968,169 | 1.1m | 528,356 | 65,547 | 67,358 | 112,326 | 85,578 | 123,565 | 160,962 | |
44 |
1,583 | 236 | - | 48 | 25 | - | 1,400 | 2,436 | 1,400 | 48,266 | 34,733 | |
440/4 |
1,583 | 236 | - | 48 | 25 | - | 1,400 | 2,436 | 1,400 | 48,266 | 34,733 | |
45 |
118,947 | 120,389 | 77,329 | 71,950 | 91,475 | 65,196 | 65,607 | 75,539 | 83,827 | 74,948 | 126,229 | |
450/3 |
118,947 | 120,389 | 77,329 | 71,950 | 91,475 | 65,196 | 65,607 | 75,539 | 83,827 | 74,948 | 126,229 | |
47/48 |
254,309 | 227,987 | 890,841 | 1.0m | 436,855 | 351 | 351 | 34,351 | 351 | 351 | - | |
| Income statement | ||||||||||||
9900 |
473,598 | 426,036 | 295,571 | 399,746 | 211,124 | 326,109 | 341,236 | 347,419 | 214,045 | 220,218 | 139,662 | |
630 |
- | - | - | - | - | - | - | - | - | - | 2,224 | |
640/8 |
1,462 | 17,068 | 805 | 1,420 | 352 | - | 1,209 | - | 1,005 | - | - | |
9901 |
472,136 | 408,968 | 294,765 | 398,326 | 210,772 | 326,109 | 340,027 | 347,419 | 213,040 | 220,218 | 137,438 | |
75/76B |
869 | - | - | - | - | 2,229 | - | 1,013 | - | - | - | |
75 |
869 | - | - | - | - | 2,229 | - | 1,013 | - | - | - | |
65/66B |
40,249 | 10,106 | 83 | 82 | 48 | 64 | 30 | 37 | 206 | 195 | 20 | |
65 |
40,249 | 10,106 | 83 | 82 | 48 | 64 | 30 | 37 | 206 | 195 | 20 | |
9903 |
432,756 | 398,861 | 294,682 | 398,244 | 210,724 | 328,274 | 339,997 | 348,394 | 212,834 | 220,023 | 137,418 | |
67/77 |
137,695 | 126,910 | 93,762 | 100,632 | 56,078 | 81,586 | 100,610 | 101,291 | 67,996 | 66,022 | 54,332 | |
9904 |
295,061 | 271,951 | 200,919 | 297,611 | 154,647 | 246,688 | 239,387 | 247,104 | 144,837 | 154,000 | 83,086 | |
789 |
- | - | 121,040 | - | - | - | - | - | - | - | 51,670 | |
689 |
- | - | - | - | - | - | - | 121,040 | - | - | - | |
9905 |
295,061 | 271,951 | 321,959 | 297,611 | 154,647 | 246,688 | 239,387 | 126,064 | 144,837 | 154,000 | 134,756 | |
| Appropriation of the result | ||||||||||||
9906 |
295,061 | 271,951 | 321,959 | 297,611 | 154,647 | 246,688 | 239,387 | 126,064 | 144,837 | 154,000 | 134,756 | |
691/2 |
295,061 | 271,951 | 321,959 | 297,611 | 154,647 | 246,688 | 239,387 | 126,064 | 144,837 | 154,000 | 134,756 | |
6920 |
- | - | - | - | - | - | 11,969 | 6,303 | 7,242 | 7,700 | 6,738 | |
6921 |
295,061 | 271,951 | 321,959 | 297,611 | 154,647 | 246,688 | 227,418 | 119,760 | 137,595 | 146,300 | 128,019 | |
| Document | ||||||||||||
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 04-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 04-06-2026 | 2026-00144257 | |
| 31-12-2024 | micro format | 24-06-2025 | 2025-00182788 | |
| 31-12-2023 | micro format | 08-07-2024 | 2024-00233089 | |
| 31-12-2022 | micro format | 11-08-2023 | 2023-00332798 | |
| 31-12-2021 | micro format | 07-07-2022 | 2022-20166261 | |
| 31-12-2020 | micro format | 01-07-2021 | 2021-30300536 | |
| 31-12-2019 | micro format | 04-06-2020 | 2020-14800095 | |
| 31-12-2018 | micro format | 11-07-2019 | 2019-32300313 | |
| 31-12-2017 | micro format | 07-08-2018 | 2018-44000585 | |
| 31-12-2016 | micro format | 04-07-2017 | 2017-28700228 | |
| 31-12-2015 | full format | 16-09-2016 | 2016-60100281 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - | - | 139,662 | ||
| - | - | - | - | - | - | - | - | - | - | 85,311 | ||
| 600 | 465,000 | - | - | - | - | - | - | - | - | 2,224 | ||
| 586,480 | 273,686 | 7,256 | -1.2m | -153,016 | 539,232 | 283,842 | 439,374 | 55,154 | 22,925 | - | ||
| 3.6m | 3.3m | 2.5m | 2.3m | 2.0m | 2.6m | 2.4m | 2.1m | 1.9m | 1.7m | 1.6m | ||
| 68.9% | 67.1% | 71.9% | 67.3% | 79.0% | 97.6% | 97.2% | 95.0% | 95.6% | 93.3% | 90.8% | ||
| 10.56 | 10.43 | 3.56 | 3.06 | 4.75 | 40.86 | 36.13 | 19.93 | 22.98 | 15.05 | 10.82 | ||
| 2.49 | 1.35 | 0.08 | 0.11 | 2.44 | 21.98 | 14.91 | 5.79 | 2.11 | 0.99 | 2.58 | ||
| 0.45 | 0.49 | 0.39 | 0.49 | 0.27 | 0.03 | 0.03 | 0.05 | 0.05 | 0.07 | 0.10 | ||
| 9.7% | 9.9% | 8.1% | 13.1% | 7.8% | 9.4% | 10.1% | 11.6% | 7.7% | 8.9% | 5.3% | ||
| 6.7% | 6.6% | 5.8% | 8.8% | 6.2% | 9.2% | 9.8% | 11.0% | 7.4% | 8.3% | 4.8% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Financial fixed assets | €600 | €465,000 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on BALFROID IMMOCONSTRUCTIONS
The operating result for 2025 is 15% higher than in 2024 and the highest since 2015. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 32.9% to 31.1%. Equity and debt are higher.