Belfaconstruct
InactiveInactive since 23-04-2026; last annual accounts for fiscal year 2024.
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 29-08-2025, 29 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
2025
not confirmed
2024
29 d late
2023
9 d early
2022
20 d early
2021
25 d late
2020
30 d early
2019
49 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Other building finishing work sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€542,035▲ 34.8%
2023 · €402,070
Total assets
€552,522▲ 9.2%
2023 · €506,151
Net result
€139,964
2023 · -€243,883
Working capital
€542,035▲ 262%
2023 · €149,676
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€1.3m▲ 108%€1.2m▼ 6.0%€236,101▼ 80.8%-€233,529€135,263
Net result€782,929above the sector's middle half▲ 84.2%€705,440above the sector's middle half▼ 9.9%€216,474above the sector's middle half▼ 69.3%-€243,883below the sector's middle half€139,964above the sector's middle half
Equity€495,953within the sector's middle half▲ 25.3%€645,953within the sector's middle half▲ 30.2%€645,953within the sector's middle half=€402,070within the sector's middle half▼ 37.8%€542,035within the sector's middle half▲ 34.8%
Total assets€3.3mabove the sector's middle half▲ 10.4%€2.7mabove the sector's middle half▼ 17.5%€1.8mabove the sector's middle half▼ 33.4%€506,151within the sector's middle half▼ 72.1%€552,522within the sector's middle half▲ 9.2%
Debt€2.8m▲ 8.2%€2.1m▼ 25.9%€1.2m▼ 43.8%€104,081▼ 91.1%€10,488▼ 89.9%
Working capital€131,538within the sector's middle half▲ 50.3%€194,044within the sector's middle half▲ 47.5%€206,374within the sector's middle half▲ 6.4%€149,676within the sector's middle half▼ 27.5%€542,035above the sector's middle half▲ 262%
Solvency15.0%below the sector's middle half▲ 1.8pp23.7%within the sector's middle half▲ 8.7pp35.6%within the sector's middle half▲ 11.9pp79.4%above the sector's middle half▲ 43.9pp98.1%above the sector's middle half▲ 18.7pp
Current ratio1.05below the sector's middle half▲ 0.011.09below the sector's middle half▲ 0.051.18within the sector's middle half▲ 0.092.80within the sector's middle half▲ 1.6252.68above the sector's middle half▲ 49.88
Return on assets (ROA)23.7%above the sector's middle half▲ 9.5pp25.9%above the sector's middle half▲ 2.2pp11.9%within the sector's middle half▼ 14.0pp-48.2%below the sector's middle half▼ 60.1pp25.3%above the sector's middle half▲ 73.5pp
Staff (FTE)22.8above the sector's middle half▼ 5.8%24.1above the sector's middle half▲ 5.7%22.8above the sector's middle half▼ 5.4%8.7within the sector's middle half▼ 61.8%0below the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €135,263 after a loss of €233,529 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €552,522
Equity
€542,035 ▲ 34.8%
Debt
€10,488 ▼ 89.9%
Debt's share of the balance-sheet total falls from 20.6% to 1.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€135,263▲
2023 · -€207,232
Cash flow
€139,964▲
2023 · -€217,586
Debt to equity
0.02▼
2023 · 0.26
ROE
25.8%▲
2023 · -60.7%
Interest coverage
30.26▲
2023 · -19.15
Debt ≤ 1 year
€10,488▼
2023 · €82,967
Income taxes
€0▼
2023 · €166
Staff costs
€25,819▼
2023 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | €166,796 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €4.3m | €3.6m | €1.1m | €25,819 | ▼ 97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63,890 | €90,210 | €90,068 | €26,297 | €0 | ▼ 100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €27,411 | €264,317 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €38,405 | €102,391 | €75,626 | €1,522 | ▼ 98.0% |
| Non-recurring operating charges66A | - | - | - | €19,574 | €993 | ▼ 94.9% |
| Gross operating margin9900 | €5.3m | €5.6m | €4.1m | €1.3m | €163,597 | ▼ 87.0% |
| Operating profit (loss)9901 | €1.3m | €1.2m | €236,101 | -€233,529 | €135,263 | ▲ 158% |
| Financial income75/76B | - | €8,556 | €52,962 | €635 | €9,171 | ▲ 1,344% |
| Recurring financial income75 | €2,542 | €7,082 | €1,928 | €635 | €9,171 | ▲ 1,344% |
| Non-recurring financial income76B | - | €1,473 | €51,033 | - | - | - |
| Financial charges65/66B | - | €29,043 | €29,499 | €10,823 | €4,470 | ▼ 58.7% |
| Recurring financial charges65 | €33,329 | €29,043 | €29,499 | €10,823 | €4,470 | ▼ 58.7% |
| Profit (loss) for the period before taxes9903 | €1.3m | €1.2m | €259,564 | -€243,717 | €139,964 | ▲ 157% |
| Income taxes67/77 | €491,898 | €500,946 | €43,091 | €166 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €782,929 | €705,440 | €216,474 | -€243,883 | €139,964 | ▲ 157% |
| Profit (loss) for the period to be appropriated9905 | €782,929 | €705,440 | €216,474 | -€243,883 | €139,964 | ▲ 157% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.3m | €2.7m | €1.8m | €506,151 | €552,522 | ▲ 9.2% |
| Fixed assets21/28 | €388,609 | €478,468 | €460,119 | €273,508 | €0 | ▼ 100% |
| Intangible fixed assets21 | €5,287 | €35,572 | €18,588 | €0 | - | - |
| Tangible fixed assets22/27 | €379,478 | €439,048 | €432,671 | €273,508 | €0 | ▼ 100% |
| Land and buildings22 | - | €176,879 | €167,312 | €157,745 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €137,009 | €83,347 | €0 | - | - |
| Furniture and vehicles24 | - | €46,322 | €28,813 | €0 | - | - |
| Leasing and similar rights25 | - | €26,095 | €20,429 | €0 | - | - |
| Other tangible fixed assets26 | - | €52,743 | €132,769 | €115,763 | €0 | ▼ 100% |
| Financial fixed assets28 | €3,844 | €3,847 | €8,860 | €0 | - | - |
| Current assets29/58 | €2.9m | €2.2m | €1.4m | €232,643 | €552,522 | ▲ 137% |
| Amounts receivable after more than one year29 | - | €0 | - | - | - | - |
| Other amounts receivable291 | - | €0 | - | - | - | - |
| Stocks and contracts in progress3 | €168,903 | €76,600 | €83,140 | €0 | - | - |
| Stocks30/36 | - | €76,600 | €83,140 | €0 | - | - |
| Amounts receivable within one year40/41 | €1.4m | €1.1m | €898,747 | €177,966 | €538,453 | ▲ 203% |
| Trade receivables40 | - | €768,406 | €677,555 | €162,392 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €326,054 | €221,191 | €15,574 | €538,453 | ▲ 3,357% |
| Cash at bank and in hand54/58 | €1.3m | €1.1m | €355,822 | €54,677 | €4,925 | ▼ 91.0% |
| Deferred charges and accrued income490/1 | - | €22,446 | €17,963 | €0 | €9,144 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.3m | €2.7m | €1.8m | €506,151 | €552,522 | ▲ 9.2% |
| Equity10/15 | €495,953 | €645,953 | €645,953 | €402,070 | €542,035 | ▲ 34.8% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €483,553 | €633,553 | €633,553 | €633,553 | €633,553 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Distributable reserves133 | - | €631,693 | €631,693 | €631,693 | €633,553 | ▲ 0.3% |
| Profit (loss) carried forward14 | - | €0 | €0 | -€243,883 | -€103,919 | ▲ 57.4% |
| Amounts payable17/49 | €2.8m | €2.1m | €1.2m | €104,081 | €10,488 | ▼ 89.9% |
| Amounts payable after more than one year17 | €23,683 | €20,493 | €14,871 | €0 | - | - |
| Financial debts170/4 | - | €20,493 | €14,871 | €0 | - | - |
| Amounts payable within one year42/48 | €2.8m | €2.1m | €1.1m | €82,967 | €10,488 | ▼ 87.4% |
| Current portion of amounts payable after more than one year42 | - | €329,584 | €5,622 | €0 | - | - |
| Trade debts44 | €1.2m | €575,741 | €601,911 | €78,940 | €7,396 | ▼ 90.6% |
| Suppliers440/4 | - | €575,741 | €601,911 | €78,940 | €7,396 | ▼ 90.6% |
| Taxes, remuneration and social security45 | - | €549,752 | €124,922 | €4,027 | €3,092 | ▼ 23.2% |
| Taxes450/3 | - | €11,968 | €21,012 | €4,027 | €3,092 | ▼ 23.2% |
| Remuneration and social security454/9 | - | €537,784 | €103,910 | €0 | - | - |
| Other amounts payable47/48 | - | €598,550 | €416,843 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €6,066 | €5,670 | €21,114 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €782,929 | €705,440 | €216,474 | -€243,883 | €139,964 | ▲ 157% |
| + Depreciation and write-downs630 | €63,890 | €90,210 | €90,068 | €26,297 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €846,819 | €795,650 | €306,542 | -€217,586 | €139,964 | ▲ 164% |
| Investment in fixed assets (approximation) | - | -€180,068 | -€71,720 | €160,314 | €273,508 | ▲ 70.6% |
| Change in cash | - | -€294,373 | -€698,344 | -€301,145 | -€49,752 | ▲ 83.5% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Back to profitnet €139,964
Net result €139,964 after one loss-making year.
31-12
Financial
Liquidity times 19current ratio 52.68
Current ratio from 2.80 to 52.68; short-term debt falls from €82,967 to €10,488.
31-12
Financial
Equity above €500,000Eq €542,035 ▲34.8%
Equity rises from €402,070 to €542,035.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€243,883
Net result drops to -€243,883, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 2.80
Current ratio from 1.18 to 2.80; short-term debt falls from €1.1m to €82,967.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
31-12
Financial
Equity above €500,000Eq €645,953 ▲30.2%
4 profitable years in a row build equity to €645,953.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €782,929 ▲84.2%
Operating result €1.3m, net result €782,929, both a record.
Show earlier events
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 49 days late
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Herentals
Ground area
2,402 m²
Building footprint
1,729 m²
Parcel 13027A0023/00R002, Flanders. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13027A0023/00R002 | Flanders | 2,402 m² | 1 · 1,729 m² | - |
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
Owners and holdings
1 ownerChain of control
- BFC Holding
- Belfaconstruct
Highest known parent: BFC Holding. The sources do not say who stands above it.
Owners 1
- BFC Holdingparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 225 EUR awarded · 225 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 225 EUR | 225 EUR |
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Of 7,302 companies in sector 43350 we hold annual accounts for 2,363. 1,280 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
62200Computer consultancy and computer facilities management
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.