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Belfian

Active
Limited partnershipfounded 201115 yrs activeSint-Michielslaan 107, 1040 Etterbeek, BelgiumKBO/BCE: BE 0837.345.372
Summary

Belfian is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2023 annual accounts show negative equity (-€8,611) and a net result of -€13,880. Its solvency ranks better than 8% of 3112 sector peers (fiscal year 2023). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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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 31-12-2023 was due by 31-07-2024 and was filed on 11-09-2024, 42 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 · 1 filing
Deviation from the deadline
2023
42 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2023 accounts 42 days after the deadline; the sector median for financial year 2023 is 5 days before the deadline, and 40% of the sector filed late.

Checked, nothing found (1)
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

History

On 3 May 2011, Belfian was incorporated.1 The company has filed annual accounts once, for fiscal year 2023.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023

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Financials · fiscal year 2023, micro schema

Equity
-€8,611
Net result
-€13,880
Total assets
€321,371
Solvency
-2.7%

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €321,371
Fixed assets €284,810
Current assets €36,560
Key figures and ratios
2023 value
ROA
-4.3%
Debt
€329,982
Debt ≤ 1 year
€54,468
Debt > 1 year
€274,443
Income taxes
€3,000
Annual accounts
Filed annual accounts As filed with the NBB · 2023 · 47 lines
Balance sheet Code2023
Assets
Total assets20/58€321,371
Fixed assets21/28€284,810
Intangible fixed assets21€0
Tangible fixed assets22/27€284,643
Land and buildings22€276,482
Plant, machinery and equipment23€234
Furniture and vehicles24€7,928
Financial fixed assets28€167
Current assets29/58€36,560
Amounts receivable within one year40/41€17,808
Trade receivables40€5,808
Other amounts receivable41€12,000
Cash at bank and in hand54/58€18,598
Deferred charges and accrued income490/1€154
Equity and liabilities
Total equity and liabilities10/49€321,371
Equity10/15-€8,611
Contributions10/11€250
Reserves13€49
Non-distributable reserves130/1€25
Reserves not available under the articles1311€25
Distributable reserves133€24
Profit (loss) carried forward14-€8,910
Amounts payable17/49€329,982
Amounts payable after more than one year17€274,443
Financial debts170/4€274,443
Amounts payable within one year42/48€54,468
Current portion of amounts payable after more than one year42€16,576
Trade debts44€5,805
Suppliers440/4€5,805
Taxes, remuneration and social security45€19,584
Taxes450/3€19,584
Other amounts payable47/48€12,503
Accrued charges and deferred income492/3€1,070
Income statement Code2023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,881
Other operating charges640/8€39
Gross operating margin9900€19,028
Operating profit (loss)9901-€5,892
Financial income75/76B€30
Recurring financial income75€30
Financial charges65/66B€5,018
Recurring financial charges65€5,018
Profit (loss) for the period before taxes9903-€10,880
Income taxes67/77€3,000
Profit (loss) for the period9904-€13,880
Profit (loss) for the period to be appropriated9905-€13,880
Appropriation of the result
Profit (loss) to be appropriated9906-€8,910
Profit (loss) brought forward from the previous period14P€4,970

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,881
Other operating charges640/8€39
Gross operating margin9900€19,028
Operating profit (loss)9901-€5,892
Financial income75/76B€30
Recurring financial income75€30
Financial charges65/66B€5,018
Recurring financial charges65€5,018
Profit (loss) for the period before taxes9903-€10,880
Income taxes67/77€3,000
Profit (loss) for the period9904-€13,880
Profit (loss) for the period to be appropriated9905-€13,880
Line2023
Assets
Total assets20/58€321,371
Fixed assets21/28€284,810
Intangible fixed assets21€0
Tangible fixed assets22/27€284,643
Land and buildings22€276,482
Plant, machinery and equipment23€234
Furniture and vehicles24€7,928
Financial fixed assets28€167
Current assets29/58€36,560
Amounts receivable within one year40/41€17,808
Trade receivables40€5,808
Other amounts receivable41€12,000
Cash at bank and in hand54/58€18,598
Deferred charges and accrued income490/1€154
Equity and liabilities
Total equity and liabilities10/49€321,371
Equity10/15-€8,611
Contributions10/11€250
Reserves13€49
Non-distributable reserves130/1€25
Reserves not available under the articles1311€25
Distributable reserves133€24
Profit (loss) carried forward14-€8,910
Amounts payable17/49€329,982
Amounts payable after more than one year17€274,443
Financial debts170/4€274,443
Amounts payable within one year42/48€54,468
Current portion of amounts payable after more than one year42€16,576
Trade debts44€5,805
Suppliers440/4€5,805
Taxes, remuneration and social security45€19,584
Taxes450/3€19,584
Other amounts payable47/48€12,503
Accrued charges and deferred income492/3€1,070
Line2023
Profit (loss) for the period9904-€13,880
+ Depreciation and write-downs630€24,881
Operating cash flow (approximation)€11,002

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2024
11-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
NBB filing
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, Etterbeek · 1 establishment unit since 2011
seat establishment The establishment unit on the map
Ground area
465 m²
Building footprint
207 m²
Volume, LiDAR
2,714 m³
2 parcels, Brussels · tallest building 21.3 m, ±5 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Acumanagement GCV
Bollandistenstraat 9, 1040 EtterbeekActivities auxiliary to financial services and insurance activities
since 20112.200.847.054
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21362B0296/00Y000 Brussels 335 m² 1 · 117 m² 21.3 m · 5 fl.
21362B0267/00K000 Brussels 130 m² 1 · 91 m² 19.3 m · 5 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 62 companies in sector 66129 we hold annual accounts for 38. See the whole sector

Identification & contact

Identification
Legal formLimited partnership
Founded03-05-2011
Fiscal year end31-12
Activities, NACEBEL 2025
66129Activities auxiliary to financial services and insurance activities
66300Activities auxiliary to financial services and insurance activities
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
70100Activities of head offices
E-invoicing
Not found in the Peppol register

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