BELAF
ActiveSummary
BELAF has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€173,494) and a net result of -€5,326. Equity is shrinking by ~2.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).
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Signals
This company filed its last 6 accounts on average 19 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
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Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,799 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,797 | €6,797 | €6,797 | €6,797 | €6,797 | = |
| Other operating charges640/8 | - | €2,302 | €2,341 | €2,898 | €2,662 | ▼ 8.1% |
| Gross operating margin9900 | €10,622 | €10,083 | €10,914 | €8,935 | €8,904 | ▼ 0.3% |
| Operating profit (loss)9901 | €1,538 | €984 | €1,776 | -€760 | -€555 | ▲ 27.0% |
| Financial income75/76B | - | - | €2 | €0 | - | - |
| Recurring financial income75 | - | - | €2 | €0 | - | - |
| Financial charges65/66B | - | €4,980 | €4,655 | €4,830 | €4,771 | ▼ 1.2% |
| Recurring financial charges65 | €5,253 | €4,980 | €4,655 | €4,830 | €4,771 | ▼ 1.2% |
| Profit (loss) for the period before taxes9903 | -€3,715 | -€3,997 | -€2,877 | -€5,591 | -€5,326 | ▲ 4.7% |
| Profit (loss) for the period9904 | -€3,715 | -€3,997 | -€2,877 | -€5,591 | -€5,326 | ▲ 4.7% |
| Profit (loss) for the period to be appropriated9905 | -€3,715 | -€3,997 | -€2,877 | -€5,591 | -€5,326 | ▲ 4.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €101,984 | €95,187 | €88,390 | €81,594 | €75,123 | ▼ 7.9% |
| Fixed assets21/28 | €101,984 | €95,187 | €88,390 | €81,594 | €74,797 | ▼ 8.3% |
| Tangible fixed assets22/27 | €83,640 | €76,843 | €70,046 | €63,250 | €56,453 | ▼ 10.7% |
| Land and buildings22 | - | €76,843 | €70,046 | €63,250 | €56,453 | ▼ 10.7% |
| Financial fixed assets28 | €18,344 | €18,344 | €18,344 | €18,344 | €18,344 | = |
| Current assets29/58 | - | - | - | - | €326 | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €326 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €101,984 | €95,187 | €88,390 | €81,594 | €75,123 | ▼ 7.9% |
| Equity10/15 | -€155,703 | -€159,700 | -€162,577 | -€168,168 | -€173,494 | ▼ 3.2% |
| Contributions10/11 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Capital10 | - | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Issued capital100 | - | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Profit (loss) carried forward14 | -€230,071 | -€234,068 | -€236,945 | -€242,536 | -€247,862 | ▼ 2.2% |
| Amounts payable17/49 | €257,687 | €254,887 | €250,967 | €249,761 | €248,616 | ▼ 0.5% |
| Amounts payable after more than one year17 | €256,203 | €253,352 | €249,493 | €248,326 | €246,745 | ▼ 0.6% |
| Financial debts170/4 | - | €253,352 | €249,493 | €248,326 | €246,745 | ▼ 0.6% |
| Amounts payable within one year42/48 | €134 | €185 | €39 | €0 | €434 | - |
| Trade debts44 | €134 | €185 | €39 | €0 | €434 | - |
| Suppliers440/4 | - | €185 | €39 | €0 | €434 | - |
| Accrued charges and deferred income492/3 | - | €1,350 | €1,435 | €1,435 | €1,438 | ▲ 0.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,715 | -€3,997 | -€2,877 | -€5,591 | -€5,326 | ▲ 4.7% |
| + Depreciation and write-downs630 | €6,797 | €6,797 | €6,797 | €6,797 | €6,797 | = |
| Operating cash flow (approximation) | €3,082 | €2,800 | €3,920 | €1,206 | €1,471 | ▲ 21.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
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
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13022D0163/00H000 | Flanders | 4,158 m² | 1 · 996 m² | 13.0 m · 3 fl. |
Linked by address, not proof of ownership
Identification & contact
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.