BELFACONSTRUCT
Dissolved and wound upFinancials · financial year 2024, abbreviated format
2024 annual accounts filed 29 days after the deadline Filed on 29 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00445940.
Annual accounts 2024 filed on 29-08-2025 PDF all 13 filings
Turnover
≈ €420,000
Estimated: probably between €250,000 and €780,000
Total assets
€552,522▲ 9.2%
2023 · €506,151
Net result
€139,964
2023 · -€243,883
Working capital
€542,035▲ 262%
2023 · €149,676
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€135,263
2024
20182024
Net result
€139,964
2024
20182024
Equity
€542,035
▲ 34.8%
2024
20182024
Total assets
€552,522
▲ 9.2%
2024
20182024
Debt
€10,488
▼ 89.9%
2024
20182024
Working capital
€542,035
▲ 262%
2024
20182024
Staff (FTE)
0
▼ 100%
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€1.0m-€0.6m▼ 34.5%€1.3m▲ 108%€1.2m▼ 6.0%€0.2m▼ 80.8%-€0.2m€0.1m
Net result€0.7m-€0.4m▼ 35.0%€0.8m▲ 84.2%€0.7m▼ 9.9%€0.2m▼ 69.3%-€0.2m€0.1m
Equity€0.4m-€0.4m=€0.5m▲ 25.3%€0.6m▲ 30.2%€0.6m=€0.4m▼ 37.8%€0.5m▲ 34.8%
Total assets€2.6m-€3.0m▲ 15.8%€3.3m▲ 10.4%€2.7m▼ 17.5%€1.8m▼ 33.4%€0.5m▼ 72.1%€0.6m▲ 9.2%
Debt€2.2m-€2.6m▲ 18.7%€2.8m▲ 8.2%€2.1m▼ 25.9%€1.2m▼ 43.8%€0.1m▼ 91.1%€0.01m▼ 89.9%
Working capital€0.2m-€0.09m▼ 49.1%€0.1m▲ 50.3%€0.2m▲ 47.5%€0.2m▲ 6.4%€0.1m▼ 27.5%€0.5m▲ 262%
Staff (FTE)19.7-24.2▲ 22.8%22.8▼ 5.8%24.1▲ 5.7%22.8▼ 5.4%8.7▼ 61.8%0▼ 100%
The operating result for 2024 is a profit of €135,263, after a loss of €233,529 in 2023.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
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
Current ratio
52.68▲
2023 · 2.80
Debt to equity
0.02▼
2023 · 0.26
ROE
25.8%▲
2023 · -60.7%
ROA
25.3%▲
2023 · -48.2%
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.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 20 | 11 | 1 |
| full-time | 17 | 10 | 1 |
| part-time | 3 | 1 | 0 |
| in full-time equivalents | 18.4 | 10.4 | 1 |
| Average over the year, in full-time equivalents | 24.1 | 22.8 | 8.7 |
| On a permanent contract | 20 | 11 | 1 |
| Joined | 22 | 26 | 10 |
| Left | 26 | 35 | 20 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €350,077 | €20,493 | - | - |
| Mortgages, amount registered | €260,000 | €260,000 | - | - |
| Carrying value of the mortgaged assets | €176,879 | €167,312 | - | - |
Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €137,283 | €125,811 | - | €4,333 |
| Intangible fixed assets | €45,000 | - | - | - |
| Financial fixed assets | €3 | €5,013 | - | - |
| Depreciation and write-downs of the year | €90,210 | €90,068 | €26,297 | €0 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €225 awarded · €225 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | €0.2m | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €4.3m | €3.6m | €1.1m | €0.03m | ▼ 97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.08m | €0.07m | €0.06m | €0.09m | €0.09m | €0.03m | €0 | ▼ 100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0.03m | €0.3m | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €0.04m | €0.1m | €0.08m | €0.002m | ▼ 98.0% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.02m | €0.001m | ▼ 94.9% |
| Gross operating margin9900 | €4.2m | €4.6m | €5.3m | €5.6m | €4.1m | €1.3m | €0.2m | ▼ 87.0% |
| Operating profit (loss)9901 | €1.0m | €0.6m | €1.3m | €1.2m | €0.2m | -€0.2m | €0.1m | - |
| Financial income75/76B | - | - | - | €0.009m | €0.05m | €0.001m | €0.009m | ▲ 14× |
| Recurring financial income75 | €0.002m | €0.002m | €0.003m | €0.007m | €0.002m | €0.001m | €0.009m | ▲ 14× |
| Non-recurring financial income76B | - | - | - | €0.001m | €0.05m | - | - | - |
| Financial charges65/66B | - | - | - | €0.03m | €0.03m | €0.01m | €0.004m | ▼ 58.7% |
| Recurring financial charges65 | €0.04m | €0.03m | €0.03m | €0.03m | €0.03m | €0.01m | €0.004m | ▼ 58.7% |
| Profit (loss) for the period before taxes9903 | €0.9m | €0.6m | €1.3m | €1.2m | €0.3m | -€0.2m | €0.1m | - |
| Income taxes67/77 | €0.3m | €0.2m | €0.5m | €0.5m | €0.04m | €166 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €0.7m | €0.4m | €0.8m | €0.7m | €0.2m | -€0.2m | €0.1m | - |
| Profit (loss) for the period to be appropriated9905 | €0.7m | €0.4m | €0.8m | €0.7m | €0.2m | -€0.2m | €0.1m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.6m | €3.0m | €3.3m | €2.7m | €1.8m | €0.5m | €0.6m | ▲ 9.2% |
| Fixed assets21/28 | €0.3m | €0.4m | €0.4m | €0.5m | €0.5m | €0.3m | €0 | ▼ 100% |
| Intangible fixed assets21 | €0.003m | €0 | €0.005m | €0.04m | €0.02m | €0 | - | - |
| Tangible fixed assets22/27 | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0 | ▼ 100% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €0.2m | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.08m | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €0.05m | €0.03m | €0 | - | - |
| Leasing and similar rights25 | - | - | - | €0.03m | €0.02m | €0 | - | - |
| Other tangible fixed assets26 | - | - | - | €0.05m | €0.1m | €0.1m | €0 | ▼ 100% |
| Financial fixed assets28 | €0.007m | €0.008m | €0.004m | €0.004m | €0.009m | €0 | - | - |
| Current assets29/58 | €2.3m | €2.6m | €2.9m | €2.2m | €1.4m | €0.2m | €0.6m | ▲ 137% |
| Amounts receivable after more than one year29 | - | - | - | €0 | - | - | - | - |
| Other amounts receivable291 | - | - | - | €0 | - | - | - | - |
| Stocks and contracts in progress3 | €0.08m | €0.08m | €0.2m | €0.08m | €0.08m | €0 | - | - |
| Stocks30/36 | - | - | - | €0.08m | €0.08m | €0 | - | - |
| Amounts receivable within one year40/41 | €1.7m | €2.1m | €1.4m | €1.1m | €0.9m | €0.2m | €0.5m | ▲ 203% |
| Trade receivables40 | - | - | - | €0.8m | €0.7m | €0.2m | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.2m | €0.02m | €0.5m | ▲ 35× |
| Cash at bank and in hand54/58 | €0.4m | €0.4m | €1.3m | €1.1m | €0.4m | €0.05m | €0.005m | ▼ 91.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.02m | €0 | €0.009m | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.6m | €3.0m | €3.3m | €2.7m | €1.8m | €0.5m | €0.6m | ▲ 9.2% |
| Equity10/15 | €0.4m | €0.4m | €0.5m | €0.6m | €0.6m | €0.4m | €0.5m | ▲ 34.8% |
| Contributions10/11 | €0.01m | €0.01m | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.4m | €0.4m | €0.5m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 0.3% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | -€0.2m | -€0.1m | ▲ 57.4% |
| Amounts payable17/49 | €2.2m | €2.6m | €2.8m | €2.1m | €1.2m | €0.1m | €0.01m | ▼ 89.9% |
| Amounts payable after more than one year17 | €0.09m | €0.05m | €0.02m | €0.02m | €0.01m | €0 | - | - |
| Financial debts170/4 | - | - | - | €0.02m | €0.01m | €0 | - | - |
| Amounts payable within one year42/48 | €2.1m | €2.5m | €2.8m | €2.1m | €1.1m | €0.08m | €0.01m | ▼ 87.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.3m | €0.006m | €0 | - | - |
| Trade debts44 | €0.6m | €0.9m | €1.2m | €0.6m | €0.6m | €0.08m | €0.007m | ▼ 90.6% |
| Suppliers440/4 | - | - | - | €0.6m | €0.6m | €0.08m | €0.007m | ▼ 90.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.5m | €0.1m | €0.004m | €0.003m | ▼ 23.2% |
| Taxes450/3 | - | - | - | €0.01m | €0.02m | €0.004m | €0.003m | ▼ 23.2% |
| Remuneration and social security454/9 | - | - | - | €0.5m | €0.1m | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €0.6m | €0.4m | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.006m | €0.006m | €0.02m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €654,016 | €424,968 | €782,929 | €705,440 | €216,474 | -€243,883 | €139,964 | - |
| + Depreciation and write-downs630 | €83,298 | €67,011 | €63,890 | €90,210 | €90,068 | €26,297 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €737,314 | €491,979 | €846,819 | €795,650 | €306,542 | -€217,586 | €139,964 | - |
| Investment in fixed assets (approximation) | - | -€117,867 | -€91,470 | -€180,068 | -€71,720 | €160,314 | €273,508 | ▲ 70.6% |
| Change in cash | - | -€43,045 | €942,556 | -€294,373 | -€698,344 | -€301,145 | -€49,752 | ▲ 83.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 29-08-2025 | 2025-00445940 | |
| 31-12-2023 | abbreviated format | 22-07-2024 | 2024-00290820 | |
| 31-12-2022 | abbreviated format | 11-07-2023 | 2023-00224333 | |
| 31-12-2021 | abbreviated format | 25-08-2022 | 2022-20314924 | |
| 31-12-2020 | abbreviated format | 01-07-2021 | 2021-29400422 | |
| 31-12-2019 | abbreviated format | 18-09-2020 | 2020-54400588 | |
| 31-12-2018 | abbreviated format | 24-06-2019 | 2019-23200097 | |
| 31-12-2017 | abbreviated format | 23-07-2018 | 2018-37100061 | |
| 31-12-2016 | abbreviated format | 27-06-2017 | 2017-23000425 | |
| 31-12-2015 | abbreviated format | 28-06-2016 | 2016-24500516 |