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BEFISCO

Active
Public limited companyfounded 198639 yrs activeGinstdreef 78, 9820 Merelbeke-Melle, BelgiumKBO/BCE: BE 0429.652.986
Summary

BEFISCO has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €127,273 and a net result of €3,759. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 91% of 4034 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
BEFISCOActiveChecked score 90/100
Risk analysis ReportCompare

Overview

Activity
Certified accountants and tax accountants
NACE 69201Legal and accounting activities NACE 69202NACE 74121
#10 oldest company in Merelbeke-Melle, Professional and technical services sector1 site
Size
€141,133total assets 2025
Equity
€127,273
Profit
€3,759
Turnover not published (abridged schema)
Financial health
90 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Accounts 4 d early0 of 2 deeds read
Why 90- Liquidity: current ratio 6.91, cash €59- 1 of the last 3 late+ Founded in 1986+ Sector Legal and accounting activities (NACE 69)Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Better than 46% of its sector peers (NACE 69, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 90.2% of total assets
Liquidity 50=
short-term debt 9.8% · cash 0.0%
Profitability 72=
return on assets 2.7%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (20,003 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%▼ -2.5% vs 12-2024lowest value 02-2025: 0.1%● 0.0% vs 01-2025lowest value 03-2025: 0.1%▲ +14.1% vs 02-2025 04-2025: 0.1%▼ -2.2% vs 03-2025 05-2025: 0.1%▼ -3.4% vs 04-2025 06-2025: 0.1%▲ +14.3% vs 05-2025 07-2025: 0.1%▲ +39.6% vs 06-2025 08-2025: 0.2%▲ +62.7% vs 07-2025 09-2025: 0.3%▲ +19.7% vs 08-2025 10-2025: 0.4%▲ +54.8% vs 09-2025highest value 11-2025: 0.2%▼ -42.3% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.2%● 0.0% vs 01-2026 03-2026: 0.3%▲ +8.6% vs 02-2026 04-2026: 0.3%▲ +2.8% vs 03-2026 05-2026: 0.2%▼ -5.8% vs 04-2026 06-2026: 0.3%▲ +12.2% vs 05-2026 07-2026: 0.3%▲ +5.5% vs 06-2026 08-2026: 0.1%▼ -49.0% vs 07-2026 09-2026: 0.1%● 0.0% vs 08-2026 10-2026: 0.1%● 0.0% vs 09-2026
  • Liquidity: current ratio 6.91, cash €59 raises the probability
  • Founded in 1986 lowers the probability for this profile
  • 1 of the last 3 late raises the probability
  • Sector Legal and accounting activities (NACE 69) lowers the probability
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 6.91 against 6.62 in 2024; short-term debt: 9.8% and cash: 0% of total assets), and 9.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 69, micro). Better than this share of them on solvency 87%, liquidity 30%, profitability 22%, growth against the median 44%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 6.91, cash €59
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1986
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Sector Legal and accounting activities (NACE 69)
In the bankruptcy model this factor lowers the probability.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
4 d early
2024
91 d late
2023
30 d late
2022
30 d late
2021
61 d late
2020
91 d late
2019
91 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 56 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 August (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Incorporation · FounderFounding capital · Bank account
  2. Annual accounts filedfiscal year 2025 · abbreviated…
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Caution: Among the weakest 14% on net resultsector median €97,474 · 4,023 companies €3,759 View
  • Positive: 8 profitable years in a rowprofit 2025: €3,759 8 years View
  • Active since 1986founded 31-10-1986 39 years View

By topic

Financials

Fiscal year
2025
Total assets
€141,133
Profit
€3,759
Solvency
90.2%
Total assets▲ 2.7%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2016
Next accounts
by 31-07-2027
  1. 30-07-2026Incorporation · Founder
  2. 27-07-2026Annual accounts filed
  3. 30-10-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Certified accountants and tax accountantsNACE 69201
Founded
31-10-1986
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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