BBF
ActiveSummary
BBF has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-11.94M) and a net result of €-3.23M. Equity is shrinking by ~49.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 112 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.21 against 0.26 in 2023; short-term debt: 233.3% and cash: 0.7% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-195.2%
Return on assets
-52.9%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 11
Relative position
BE, all sectors
reference
Manufacture of beverages (NACE 11)
about 8% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-11.94M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
47 d early
2022
31 d early
2021
4 d early
2020
1 d early
2019
50 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€3.58M
EBIT margin
-69.6%
Net result
€-3.23M▲ 18.1%
2023 · €-3.95M
2018: €-1.08Mhighest in 7 years
2019: €-1.35M▼ -24.9% vs 2018
2020: €-1.51M▼ -11.1% vs 2019
2021: €-1.65M▼ -9.9% vs 2020
2022: €-2.66M▼ -60.5% vs 2021
2023: €-3.95M▼ -48.7% vs 2022lowest in 7 years
2024: €-3.23M▲ +18.1% vs 2023
2018 → 2024
Working capital
€-11.30M▼ 36.5%
2023 · €-8.28M
2018: €-1.17Mhighest in 7 years
2019: €-1.96M▼ -67.3% vs 2018
2020: €-3.48M▼ -77.8% vs 2019
2021: €-2.23M▲ +35.9% vs 2020
2022: €-4.91M▼ -120% vs 2021
2023: €-8.28M▼ -68.7% vs 2022
2024: €-11.30M▼ -36.5% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€3.58M
Equity€-3.44M-€-2.10M▲ 39.1%€-4.75M▼ 127%€-8.70M▼ 83.1%€-11.94M▼ 37.2%
2020: €-3.44M
2021: €-2.10M▲ +39.1% vs 2020highest in 5 years
2022: €-4.75M▼ -127% vs 2021
2023: €-8.70M▼ -83.1% vs 2022
2024: €-11.94M▼ -37.2% vs 2023lowest in 5 years
Operating result€-1.25M-€-1.31M▼ 5.0%€-2.34M▼ 77.7%€-3.40M▼ 45.8%€-2.49M▲ 26.8%
2020: €-1.25Mhighest in 5 years
2021: €-1.31M▼ -5.0% vs 2020
2022: €-2.34M▼ -77.7% vs 2021
2023: €-3.40M▼ -45.8% vs 2022lowest in 5 years
2024: €-2.49M▲ +26.8% vs 2023
Net result€-1.51M-€-1.65M▼ 9.9%€-2.66M▼ 60.5%€-3.95M▼ 48.7%€-3.23M▲ 18.1%
2020: €-1.51Mhighest in 5 years
2021: €-1.65M▼ -9.9% vs 2020
2022: €-2.66M▼ -60.5% vs 2021
2023: €-3.95M▼ -48.7% vs 2022lowest in 5 years
2024: €-3.23M▲ +18.1% vs 2023
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.49M in 2024 against €3.40M in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.11M
Fixed assets
€3.15M ▼ 14.7%
Current assets
€2.96M ▲ 0.8%
Key figures and ratios
EBITDA
€-1.80M▲
2023 · €-2.74M
Cash flow
€-2.54M▲
2023 · €-3.28M
Solvency
-195.2%▼
2023 · -131.2%
Current ratio
0.21▼
2023 · 0.26
Quick ratio
0.13▼
2023 · 0.16
Debt to equity
-1.51▲
2023 · -1.76
ROA
-52.9%▲
2023 · -59.5%
Interest coverage
-2.48▲
2023 · -4.99
Debt
€18.05M▲
2023 · €15.34M
Debt ≤ 1 year
€14.26M▲
2023 · €11.22M
Debt > 1 year
€3.16M▼
2023 · €3.52M
Income taxes
€15k▲
2023 · €-233
Staff costs
€1.35M▲
2023 · €1.22M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 78 lines
Balance sheet
Code20232024
Assets
Total assets20/58€6.63M€6.11M▼
Fixed assets21/28€3.70M€3.15M▼
Tangible fixed assets22/27€3.64M€3.13M▼
Land and buildings22€587k€490k▼
Plant, machinery and equipment23€1.86M€1.48M▼
Furniture and vehicles24€115k€184k▲
Leasing and similar rights25€1.08M€975k▼
Other tangible fixed assets26€7k€0▼
Assets under construction and advance payments27€0-
Financial fixed assets28€57k€27k▼
Other financial fixed assets284/8-€27k
Amounts receivable and cash guarantees285/8-€27k
Current assets29/58€2.94M€2.96M▲
Stocks and contracts in progress3€1.11M€1.07M▼
Stocks30/36€1.11M€1.07M▼
Raw materials and consumables30/31-€1.07M
Amounts receivable within one year40/41€1.76M€1.80M▲
Trade receivables40€832k€732k▼
Other amounts receivable41€931k€1.07M▲
Cash at bank and in hand54/58€52k€40k▼
Deferred charges and accrued income490/1€14k€44k▲
Equity and liabilities
Total equity and liabilities10/49€6.63M€6.11M▼
Equity10/15€-8.70M€-11.94M▼
Contributions10/11€4.25M€4.25M=
Capital10€4.25M€4.25M=
Issued capital100€4.25M€4.25M=
Profit (loss) carried forward14€-12.95M€-16.19M▼
Amounts payable17/49€15.34M€18.05M▲
Amounts payable after more than one year17€3.52M€3.16M▼
Financial debts170/4€3.52M€3.16M▼
Leasing and similar obligations172-€647k
Credit institutions173-€559k
Other loans174-€1.95M
Amounts payable within one year42/48€11.22M€14.26M▲
Current portion of amounts payable after more than one year42€352k€363k▲
Financial debts43€432k€415k▼
Credit institutions430/8€300k€300k=
Other loans439€132k€115k▼
Trade debts44€1.07M€871k▼
Suppliers440/4€1.07M€871k▼
Taxes, remuneration and social security45€169k€265k▲
Taxes450/3€34k€63k▲
Remuneration and social security454/9€135k€202k▲
Other amounts payable47/48€9.20M€12.35M▲
Accrued charges and deferred income492/3€599k€631k▲
Income statement
Code20232024
Operating income70/76A-€3.62M
Turnover70-€3.58M
Other operating income74-€36k
Non-recurring operating income76A€0€2k▲
Operating charges60/66A-€6.11M
Goods for resale, raw materials and consumables60-€1.22M
Purchases600/8-€1.19M
Change in stocks: decrease (increase)609-€32k
Services and other goods61-€2.79M
Remuneration, social security and pensions62€1.22M€1.35M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€665k€695k▲
Other operating charges640/8€7k€6k▼
Non-recurring operating charges66A€347k€48k▼
Gross operating margin9900€-1.17M-
Operating profit (loss)9901€-3.40M€-2.49M▲
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Income from current assets751-€1
Other financial income752/9-€3k
Financial charges65/66B€549k€729k▲
Recurring financial charges65€549k€729k▲
Debt charges650-€723k
Other financial charges652/9-€6k
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€-3.95M€-3.22M▲
Income taxes67/77€-233€15k▲
Taxes670/3-€15k
Tax adjustments and reversals of tax provisions77-€0
Profit (loss) for the period9904€-3.95M€-3.23M▲
Profit (loss) for the period to be appropriated9905€-3.95M€-3.23M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12.95M€-16.19M▼
Profit (loss) brought forward from the previous period14P€-9.00M€-12.95M▼
Social balance
Average headcount (FTE)908715.917.1▲
The notes to these accounts (84 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €3.62M | - |
| Turnover70 | - | - | - | - | €3.58M | - |
| Other operating income74 | - | - | - | - | €36k | - |
| Non-recurring operating income76A | - | €55k | €44k | €0 | €2k | - |
| Operating charges60/66A | - | - | - | - | €6.11M | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €1.22M | - |
| Purchases600/8 | - | - | - | - | €1.19M | - |
| Change in stocks: decrease (increase)609 | - | - | - | - | €32k | - |
| Services and other goods61 | - | - | - | - | €2.79M | - |
| Remuneration, social security and pensions62 | - | €754k | €969k | €1.22M | €1.35M | ▲ 11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €502k | €559k | €630k | €665k | €695k | ▲ 4.6% |
| Other operating charges640/8 | - | €13k | €137k | €7k | €6k | ▼ 7.3% |
| Non-recurring operating charges66A | - | €118k | €104k | €347k | €48k | ▼ 86.2% |
| Gross operating margin9900 | €-167k | €130k | €-496k | €-1.17M | - | - |
| Operating profit (loss)9901 | €-1.25M | €-1.31M | €-2.34M | €-3.40M | €-2.49M | ▲ 26.8% |
| Financial income75/76B | - | €433 | €9k | €4k | €3k | ▼ 15.7% |
| Recurring financial income75 | €1k | €433 | €9k | €4k | €3k | ▼ 15.7% |
| Income from current assets751 | - | - | - | - | €1 | - |
| Other financial income752/9 | - | - | - | - | €3k | - |
| Financial charges65/66B | - | €340k | €329k | €549k | €729k | ▲ 32.8% |
| Recurring financial charges65 | €254k | €340k | €306k | €549k | €729k | ▲ 32.8% |
| Debt charges650 | - | - | - | - | €723k | - |
| Other financial charges652/9 | - | - | - | - | €6k | - |
| Non-recurring financial charges66B | - | - | €23k | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €-1.50M | €-1.65M | €-2.66M | €-3.95M | €-3.22M | ▲ 18.5% |
| Income taxes67/77 | €701 | €698 | €1k | €-233 | €15k | ▲ 6,522% |
| Taxes670/3 | - | - | - | - | €15k | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0 | - |
| Profit (loss) for the period9904 | €-1.51M | €-1.65M | €-2.66M | €-3.95M | €-3.23M | ▲ 18.1% |
| Profit (loss) for the period to be appropriated9905 | €-1.51M | €-1.65M | €-2.66M | €-3.95M | €-3.23M | ▲ 18.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.26M | €5.96M | €6.42M | €6.63M | €6.11M | ▼ 7.9% |
| Fixed assets21/28 | €3.61M | €3.58M | €3.88M | €3.70M | €3.15M | ▼ 14.7% |
| Tangible fixed assets22/27 | €3.55M | €3.52M | €3.81M | €3.64M | €3.13M | ▼ 14.1% |
| Land and buildings22 | - | €607k | €657k | €587k | €490k | ▼ 16.5% |
| Plant, machinery and equipment23 | - | €2.77M | €2.38M | €1.86M | €1.48M | ▼ 20.5% |
| Furniture and vehicles24 | - | €69k | €61k | €115k | €184k | ▲ 59.9% |
| Leasing and similar rights25 | - | - | €651k | €1.08M | €975k | ▼ 9.3% |
| Other tangible fixed assets26 | - | - | - | €7k | €0 | ▼ 100% |
| Assets under construction and advance payments27 | - | €73k | €61k | €0 | - | - |
| Financial fixed assets28 | €58k | €62k | €61k | €57k | €27k | ▼ 53.0% |
| Other financial fixed assets284/8 | - | - | - | - | €27k | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €27k | - |
| Current assets29/58 | €1.66M | €2.37M | €2.54M | €2.94M | €2.96M | ▲ 0.8% |
| Stocks and contracts in progress3 | €703k | €1.19M | €1.32M | €1.11M | €1.07M | ▼ 2.9% |
| Stocks30/36 | - | €1.19M | €1.32M | €1.11M | €1.07M | ▼ 2.9% |
| Raw materials and consumables30/31 | - | - | - | - | €1.07M | - |
| Amounts receivable within one year40/41 | €849k | €1.17M | €1.10M | €1.76M | €1.80M | ▲ 2.1% |
| Trade receivables40 | - | €753k | €571k | €832k | €732k | ▼ 12.0% |
| Other amounts receivable41 | - | €417k | €526k | €931k | €1.07M | ▲ 14.8% |
| Cash at bank and in hand54/58 | €106k | €6k | €80k | €52k | €40k | ▼ 22.6% |
| Deferred charges and accrued income490/1 | - | €12k | €48k | €14k | €44k | ▲ 208% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.26M | €5.96M | €6.42M | €6.63M | €6.11M | ▼ 7.9% |
| Equity10/15 | €-3.44M | €-2.10M | €-4.75M | €-8.70M | €-11.94M | ▼ 37.2% |
| Contributions10/11 | €1.25M | €4.25M | €4.25M | €4.25M | €4.25M | = |
| Capital10 | - | €4.25M | €4.25M | €4.25M | €4.25M | = |
| Issued capital100 | - | €4.25M | €4.25M | €4.25M | €4.25M | = |
| Profit (loss) carried forward14 | €-4.69M | €-6.35M | €-9.00M | €-12.95M | €-16.19M | ▼ 25.0% |
| Amounts payable17/49 | €8.71M | €8.06M | €11.17M | €15.34M | €18.05M | ▲ 17.7% |
| Amounts payable after more than one year17 | €3.35M | €3.14M | €3.43M | €3.52M | €3.16M | ▼ 10.3% |
| Financial debts170/4 | - | €3.14M | €3.43M | €3.52M | €3.16M | ▼ 10.3% |
| Leasing and similar obligations172 | - | - | - | - | €647k | - |
| Credit institutions173 | - | - | - | - | €559k | - |
| Other loans174 | - | - | - | - | €1.95M | - |
| Amounts payable within one year42/48 | €5.14M | €4.60M | €7.45M | €11.22M | €14.26M | ▲ 27.1% |
| Current portion of amounts payable after more than one year42 | - | €205k | €286k | €352k | €363k | ▲ 3.2% |
| Financial debts43 | - | €300k | €300k | €432k | €415k | ▼ 3.9% |
| Credit institutions430/8 | - | €300k | €300k | €300k | €300k | = |
| Other loans439 | - | - | - | €132k | €115k | ▼ 12.8% |
| Trade debts44 | €568k | €1.42M | €958k | €1.07M | €871k | ▼ 18.4% |
| Suppliers440/4 | - | €1.42M | €958k | €1.07M | €871k | ▼ 18.4% |
| Taxes, remuneration and social security45 | - | €122k | €170k | €169k | €265k | ▲ 56.8% |
| Taxes450/3 | - | €40k | €50k | €34k | €63k | ▲ 82.7% |
| Remuneration and social security454/9 | - | €83k | €119k | €135k | €202k | ▲ 50.2% |
| Other amounts payable47/48 | - | €2.56M | €5.74M | €9.20M | €12.35M | ▲ 34.2% |
| Accrued charges and deferred income492/3 | - | €309k | €286k | €599k | €631k | ▲ 5.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1.51M | €-1.65M | €-2.66M | €-3.95M | €-3.23M | ▲ 18.1% |
| + Depreciation and write-downs630 | €502k | €559k | €630k | €665k | €695k | ▲ 4.6% |
| Operating cash flow (approximation) | €-1.00M | €-1.10M | €-2.03M | €-3.28M | €-2.54M | ▲ 22.7% |
| Investment in fixed assets (approximation) | - | €-538k | €-920k | €-489k | €-150k | ▲ 69.3% |
| Change in cash | - | €-100k | €74k | €-29k | €-12k | ▲ 59.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
14-08
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-3.95M
Net result drops to €-3.95M, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2017
Ground area
699 m²
Building footprint
122 m²
Volume, LiDAR
840 m³
Parcel 34016C0292/00K009, Flanders · tallest building 12.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Belgium Brew Factory
since 20172.259.693.687
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016C0292/00K009 | Flanders | 699 m² | 1 · 122 m² | 12.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 26,032 EUR awarded · 25,761 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 3,523 EUR | 3,523 EUR |
| 2024 | 2 | 14,027 EUR | 14,172 EUR |
| 2023 | 3 | 7,389 EUR | 6,973 EUR |
| 2022 | 2 | 1,093 EUR | 1,093 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
1 siteKortrijk2.259.693.687
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Of 730 companies in sector 11050 we hold annual accounts for 352. 173 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
11050Manufacture of beer
10320Manufacture of food products
11060Manufacture of beverages
11070Manufacture of beverages
46349Wholesale of beverages, general range
47120Other non-specialised retail sale
47252Retail sale of beverages, general range
47715Retail trade
85599Other education
93299Other amusement and recreation activities
Contact
E-mail
kim@thebrewsociety.beKortrijk
Scores and ratios are computed by Checked and are not a credit decision.