BEFA-SHIPPING
InactiveInactive; last annual accounts for fiscal year 2024. Dissolved without liquidation on 29-12-2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2024
28 d late
2023
146 d late
2022
11 d early
2021
30 d late
2020
18 d late
2019
110 d late
2018
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€6.19M▲ 95.4%
2023 · €3.17M
2018: €2.50M
2019: €2.70M
2020: €3.01M
2021: €3.13M
2022: €3.10M
2023: €3.17M
2018 → 2024
Total assets
€8.97M▼ 0.6%
2023 · €9.03M
2018: €9.56M
2019: €9.63M
2020: €9.61M
2021: €9.31M
2022: €9.12M
2023: €9.03M
2018 → 2024
Net result
€3.02M▲ 4,245%
2023 · €70k
2018: €1.18M
2019: €194k
2020: €309k
2021: €118k
2022: €-30k
2023: €70k
2018 → 2024
Working capital
€5.57M▲ 269%
2023 · €1.51M
2018: €-252k
2019: €-95k
2020: €342k
2021: €587k
2022: €1.32M
2023: €1.51M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€3.01M-€3.13M▲ 3.9%€3.10M▼ 1.0%€3.17M▲ 2.2%€6.19M▲ 95.4%
Operating result€570k-€320k▼ 43.9%€186k▼ 41.9%€173k▼ 6.8%€4.02M▲ 2,220%
Net result€309k-€118k▼ 61.7%€-30k€70k€3.02M▲ 4,245%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 2,220% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.97M
Fixed assets
€2.72M ▼ 59.1%
Current assets
€6.25M ▲ 163%
Equity and liabilities €8.97M
Equity
€6.19M ▲ 95.4%
Provisions
€965k ▲ 280%
Debt
€1.82M ▼ 67.5%
Debt's share of the balance-sheet total falls from 62.1% to 20.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4.02M▲
2023 · €687k
Cash flow
€3.02M▲
2023 · €584k
Current ratio
9.15▲
2023 · 2.73
Debt to equity
0.29▼
2023 · 1.77
ROE
48.8%▲
2023 · 2.2%
ROA
33.7%▲
2023 · 0.8%
Interest coverage
127.35▲
2023 · 5.01
Debt ≤ 1 year
€684k▼
2023 · €870k
Debt > 1 year
€1.14M▼
2023 · €4.74M
Income taxes
€289k▲
2023 · €43k
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 · 66 lines
Balance sheet
Code20232024
Assets
Total assets20/58€9.03M€8.97M▼
Fixed assets21/28€6.65M€2.72M▼
Tangible fixed assets22/27€6.65M€2.72M▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€6.64M€2.00M▼
Assets under construction and advance payments27-€712k
Current assets29/58€2.38M€6.25M▲
Amounts receivable after more than one year29€913k€3.07M▲
Other amounts receivable291€913k€3.07M▲
Amounts receivable within one year40/41€1.38M€3.08M▲
Trade receivables40€541k€193k▼
Other amounts receivable41€840k€2.89M▲
Cash at bank and in hand54/58€80k€103k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€9.03M€8.97M▼
Equity10/15€3.17M€6.19M▲
Contributions10/11€62k€62k=
Capital10-€62k
Issued capital100-€62k
Outside capital11€62k-
Other1109/19€62k-
Revaluation surpluses12€2.00M€2.00M=
Reserves13€991k€3.28M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130-€6k
Reserves not available under the articles1311€6k-
Tax-exempt reserves132€605k€2.89M▲
Distributable reserves133€380k€380k=
Profit (loss) carried forward14€113k€844k▲
Provisions and deferred taxes16€254k€965k▲
Deferred taxes168€254k€965k▲
Amounts payable17/49€5.61M€1.82M▼
Amounts payable after more than one year17€4.74M€1.14M▼
Financial debts170/4€4.74M€1.14M▼
Amounts payable within one year42/48€870k€684k▼
Current portion of amounts payable after more than one year42€369k€58k▼
Financial debts43€57k€16k▼
Credit institutions430/8€57k€16k▼
Trade debts44€66k€312k▲
Suppliers440/4€66k€312k▲
Taxes, remuneration and social security45€40k€298k▲
Taxes450/3€40k€298k▲
Other amounts payable47/48€338k€0▼
Income statement
Code20232024
Non-recurring operating income76A-€3.86M
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€514k€2k▼
Other operating charges640/8€4k€3k▼
Gross operating margin9900€692k€4.03M▲
Operating profit (loss)9901€173k€4.02M▲
Financial income75/76B€58k€31k▼
Recurring financial income75€58k€31k▼
Financial charges65/66B€137k€32k▼
Recurring financial charges65€137k€32k▼
Profit (loss) for the period before taxes9903€94k€4.02M▲
Transfer from deferred taxes780€18k€254k▲
Transfer to deferred taxes680-€965k
Income taxes67/77€43k€289k▲
Profit (loss) for the period9904€70k€3.02M▲
Transfer from tax-exempt reserves789€43k€605k▲
Transfer to tax-exempt reserves689-€2.89M
Profit (loss) for the period to be appropriated9905€113k€731k▲
Appropriation of the result
Profit (loss) to be appropriated9906€113k€844k▲
Profit (loss) brought forward from the previous period14P-€113k
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
16-01
State Gazette act
Restructuring · End & cessationPermanent representative: DE SMEDT Olivier · Merger · Dissolution5 facts ▸
State Gazette act
Restructuring · End & cessation
Permanent representative: DE SMEDT Olivier · Merger · Dissolution5 facts ▸
- General meeting, 29-12-2025
- Merger, fusion par absorption, 01-10-2025
- Dissolution, 29-12-2025
- Accounting effect, 01-10-2025
- Permanent representative, DE SMEDT Olivier
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €3.02M ▲4,245%
Operating result €4.02M, net result €3.02M, both a record.
31-12
Financial
Liquidity triplescurrent ratio 9.15
Current ratio from 2.73 to 9.15; short-term debt falls from €870k to €684k.
31-12
Financial
Equity above €5MEq €6.19M ▲95.4%
2 profitable years in a row build equity to €6.19M.
24-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 146 days late
2023
31-12
Financial
Back to profitnet €70k
Net result €70k after one loss-making year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 18 days late
2020
18-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 110 days late
Show earlier events
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:SADOC