BELFARGO
ActiveSummary
The computed 12-month bankruptcy probability of BELFARGO is 1.5% (moderate). The 2025 annual accounts show negative equity (€-59k) and a net result of €-2k. Equity is shrinking by ~4.3% per year across the filed fiscal years. The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Age of the figures
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-59k
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 26-07-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
29 d late
2023
8 d late
2022
8 d late
2021
57 d late
2020
31 d late
2019
73 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-59k▼ 4.0%
2024 · €-57k
2018: €-44khighest in 8 years
2019: €-46k▼ -4.6% vs 2018
2020: €-48k▼ -4.3% vs 2019
2021: €-50k▼ -4.4% vs 2020
2022: €-52k▼ -4.7% vs 2021
2023: €-55k▼ -4.6% vs 2022
2024: €-57k▼ -4.1% vs 2023
2025: €-59k▼ -4.0% vs 2024lowest in 8 years
2018 → 2025
Total assets
€2k▼ 1.4%
2024 · €2k
2018: €2khighest in 8 years
2019: €2k▼ -0.6% vs 2018
2020: €2k▼ -1.3% vs 2019
2021: €2k▼ -1.3% vs 2020
2022: €2k▼ -1.3% vs 2021
2023: €2k▼ -0.2% vs 2022
2024: €2k▼ -1.4% vs 2023
2025: €2k▼ -1.4% vs 2024lowest in 8 years
2018 → 2025
Net result
€-2k▼ 3.3%
2024 · €-2k
2018: €-2khighest in 8 years
2019: €-2k▼ -8.4% vs 2018
2020: €-2k▲ +2.0% vs 2019
2021: €-2k▼ -7.4% vs 2020
2022: €-2k▼ -10.5% vs 2021
2023: €-2k▼ -2.0% vs 2022lowest in 8 years
2024: €-2k▲ +7.1% vs 2023
2025: €-2k▼ -3.3% vs 2024
2018 → 2025
Working capital
€-59k▼ 4.8%
2024 · €-57k
2018: €-44khighest in 8 years
2019: €-46k▼ -4.7% vs 2018
2020: €-48k▼ -4.3% vs 2019
2021: €-50k▼ -4.4% vs 2020
2022: €-52k▼ -4.7% vs 2021
2023: €-54k▼ -4.6% vs 2022
2024: €-57k▼ -4.3% vs 2023
2025: €-59k▼ -4.8% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-50k-€-52k▼ 4.7%€-55k▼ 4.6%€-57k▼ 4.1%€-59k▼ 4.0%
2021: €-50khighest in 5 years
2022: €-52k▼ -4.7% vs 2021
2023: €-55k▼ -4.6% vs 2022
2024: €-57k▼ -4.1% vs 2023
2025: €-59k▼ -4.0% vs 2024lowest in 5 years
Operating result€-2k-€-2k▼ 12.7%€-2k▼ 2.8%€-2k▲ 3.0%€-2k▼ 3.8%
2021: €-2khighest in 5 years
2022: €-2k▼ -12.7% vs 2021
2023: €-2k▼ -2.8% vs 2022
2024: €-2k▲ +3.0% vs 2023
2025: €-2k▼ -3.8% vs 2024lowest in 5 years
Net result€-2k-€-2k▼ 10.5%€-2k▼ 2.0%€-2k▲ 7.1%€-2k▼ 3.3%
2021: €-2khighest in 5 years
2022: €-2k▼ -10.5% vs 2021
2023: €-2k▼ -2.0% vs 2022lowest in 5 years
2024: €-2k▲ +7.1% vs 2023
2025: €-2k▼ -3.3% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €2k in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
Debt
€62k▲
2024 · €59k
Debt ≤ 1 year
€62k▲
2024 · €59k
Staff costs
€2k
Ratios withheld: a balance sheet total of €2k is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €2k | - |
| Gross operating margin9900 | €-2k | €-2k | €-2k | €-2k | - | - |
| Operating profit (loss)9901 | €-2k | €-2k | €-2k | €-2k | €-2k | ▼ 3.8% |
| Financial charges65/66B | €524 | €545 | €541 | €428 | €432 | ▲ 0.9% |
| Recurring financial charges65 | €524 | €545 | €541 | €428 | €432 | ▲ 0.9% |
| Profit (loss) for the period before taxes9903 | €-2k | €-2k | €-2k | €-2k | €-2k | ▼ 3.3% |
| Profit (loss) for the period9904 | €-2k | €-2k | €-2k | €-2k | €-2k | ▼ 3.3% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-2k | €-2k | €-2k | €-2k | ▼ 3.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2k | €2k | €2k | €2k | €2k | ▼ 1.4% |
| Current assets29/58 | €2k | €2k | €2k | €2k | €2k | ▼ 1.4% |
| Cash at bank and in hand54/58 | €2k | €2k | €2k | €2k | €2k | ▼ 1.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2k | €2k | €2k | €2k | €2k | ▼ 1.4% |
| Equity10/15 | €-50k | €-52k | €-55k | €-57k | €-59k | ▼ 4.0% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Profit (loss) carried forward14 | €-112k | €-114k | €-117k | €-119k | €-121k | ▼ 1.9% |
| Amounts payable17/49 | €52k | €55k | €57k | €59k | €62k | ▲ 3.8% |
| Amounts payable within one year42/48 | €52k | €54k | €57k | €59k | €62k | ▲ 4.5% |
| Trade debts44 | €2k | €2k | €2k | €2k | €2k | ▲ 3.7% |
| Suppliers440/4 | €2k | €2k | €2k | €2k | €2k | ▲ 3.7% |
| Other amounts payable47/48 | €50k | €53k | €55k | €57k | €60k | ▲ 4.6% |
| Accrued charges and deferred income492/3 | €494 | €515 | €537 | €398 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-2k | €-2k | €-2k | €-2k | ▼ 3.3% |
| Operating cash flow (approximation) | €-2k | €-2k | €-2k | €-2k | €-2k | ▼ 3.3% |
| Change in cash | - | €-30 | €-4 | €-30 | €-30 | = |
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
Next filing, fiscal year 2026, expected by
2026
26-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 57 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 73 days late
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
15-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 46 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 1997
Ground area
2.3 ha
Building footprint
7,721 m²
Parcel 11815A0223/00Y004, Flanders. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
BELFARGO NV
since 19972.082.732.728
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11815A0223/00Y004 | Flanders | 2.3 ha | 1 · 7,721 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.
Identification & contact
Identification
Legal formPublic limited company
Founded23-06-1997
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.