BELFIMA
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 04-04-2023, 118 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
118 d early
2021
65 d late
2020
103 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 46 days before 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)
Financials · fiscal year 2022, full schema
Turnover
€156,000▼ 40.7%
2021 · €263,008
EBIT margin
-1.5%▼ 4.0pp
2021 · 2.5%
Net result
€5.3m▼ 17.5%
2021 · €6.4m
Working capital
€44.9m▲ 13.3%
2021 · €39.6m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Turnover€350,000-€253,000▼ 27.7%€271,004▲ 7.1%€263,008▼ 3.0%€156,000▼ 40.7%
Operating result€65,668-€9,043▼ 86.2%€33,422▲ 270%€6,614▼ 80.2%-€2,296
Net result€2.3m-€663,837▼ 71.7%€372,680▼ 43.9%€6.4m▲ 1,608%€5.3m▼ 17.5%
EBIT margin18.8%-3.6%▼ 15.2pp12.3%▲ 8.8pp2.5%▼ 9.8pp-1.5%▼ 4.0pp
Equity€290.5m-€291.2m▲ 0.2%€290.5m▼ 0.2%€290.9m▲ 0.1%€296.2m▲ 1.8%
Total assets€304.0m-€291.3m▼ 4.2%€291.6m▲ 0.1%€308.9m▲ 5.9%€296.2m▼ 4.1%
Debt€13.4m-€113,282▼ 99.2%€1.1m▲ 855%€18.0m▲ 1,561%€25,726▼ 99.9%
Working capital€51.2m-€51.8m▲ 1.3%€51.2m▼ 1.2%€39.6m▼ 22.5%€44.9m▲ 13.3%
Staff (FTE)4-2.6▼ 35.0%2.4▼ 7.7%2.4=0.9▼ 62.5%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €2,296 after €6,614 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €296.2m
Fixed assets
€251.3m =
Current assets
€44.9m ▼ 22.0%
Equity and liabilities €296.2m
Equity
€296.2m ▲ 1.8%
Debt
€25,726 ▼ 99.9%
Debt's share of the balance-sheet total falls from 5.8% to 0.0%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.00▼
2021 · 0.06
ROE
1.8%▼
2021 · 2.2%
ROA
1.8%▼
2021 · 2.1%
Debt ≤ 1 year
€25,726▼
2021 · €18.0m
Income taxes
€85,929▲
2021 · €58,922
Staff costs
€73,119▼
2021 · €172,099
A ratio outside any meaningful range has been withheld (balance sheet total €296.2m, equity €296.2m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €265,136 | €157,438 | ▼ 40.6% |
| Turnover70 | €350,000 | €253,000 | €271,004 | €263,008 | €156,000 | ▼ 40.7% |
| Other operating income74 | - | - | - | €2,128 | €1,438 | ▼ 32.4% |
| Operating charges60/66A | - | - | - | €258,522 | €159,734 | ▼ 38.2% |
| Services and other goods61 | - | - | - | €84,670 | €84,705 | = |
| Remuneration, social security and pensions62 | - | - | - | €172,099 | €73,119 | ▼ 57.5% |
| Other operating charges640/8 | - | - | - | €1,753 | €1,910 | ▲ 9.0% |
| Operating profit (loss)9901 | €65,668 | €9,043 | €33,422 | €6,614 | -€2,296 | ▼ 135% |
| Financial income75/76B | - | - | - | €6.4m | €5.3m | ▼ 16.8% |
| Recurring financial income75 | €3.4m | €929,690 | €404,428 | €6.4m | €5.3m | ▼ 16.8% |
| Income from financial fixed assets750 | - | - | - | €6.2m | €5.0m | ▼ 19.2% |
| Income from current assets751 | - | - | - | €230,734 | €344,840 | ▲ 49.5% |
| Financial charges65/66B | - | - | - | €2,397 | €1,193 | ▼ 50.2% |
| Recurring financial charges65 | €91,537 | €2,199 | €951 | €2,397 | €1,193 | ▼ 50.2% |
| Debt charges650 | €48,183 | €8 | - | €19 | €3 | ▼ 85.9% |
| Other financial charges652/9 | - | - | - | €2,378 | €1,191 | ▼ 49.9% |
| Profit (loss) for the period before taxes9903 | €3.3m | €936,534 | €436,899 | €6.4m | €5.3m | ▼ 16.9% |
| Income taxes67/77 | €995,594 | €272,697 | €64,219 | €58,922 | €85,929 | ▲ 45.8% |
| Taxes670/3 | - | - | - | €58,922 | €85,929 | ▲ 45.8% |
| Profit (loss) for the period9904 | €2.3m | €663,837 | €372,680 | €6.4m | €5.3m | ▼ 17.5% |
| Profit (loss) for the period to be appropriated9905 | €2.3m | €663,837 | €372,680 | €6.4m | €5.3m | ▼ 17.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €304.0m | €291.3m | €291.6m | €308.9m | €296.2m | ▼ 4.1% |
| Fixed assets21/28 | €239.4m | €239.4m | €239.4m | €251.3m | €251.3m | = |
| Financial fixed assets28 | €239.4m | €239.4m | €239.4m | €251.3m | €251.3m | = |
| Affiliated companies280/1 | - | - | - | €251.3m | €251.3m | = |
| Participating interests280 | - | - | - | €251.3m | €251.3m | = |
| Other financial fixed assets284/8 | - | - | - | €4,118 | €4,118 | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €4,118 | €4,118 | = |
| Current assets29/58 | €64.6m | €51.9m | €52.3m | €57.6m | €44.9m | ▼ 22.0% |
| Amounts receivable within one year40/41 | €28.7m | €18.6m | €7.6m | €7.6m | €75,630 | ▼ 99.0% |
| Trade receivables40 | - | - | - | €73,798 | €74,480 | ▲ 0.9% |
| Other amounts receivable41 | - | - | - | €7.5m | €1,150 | ▼ 100.0% |
| Current investments50/53 | €10.5m | €25.0m | €34.0m | €45.5m | €37.0m | ▼ 18.7% |
| Other investments51/53 | - | - | - | €45.5m | €37.0m | ▼ 18.7% |
| Cash at bank and in hand54/58 | €6.8m | €8.3m | €10.7m | €4.5m | €7.8m | ▲ 73.2% |
| Deferred charges and accrued income490/1 | - | - | - | €31,625 | €32,079 | ▲ 1.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €304.0m | €291.3m | €291.6m | €308.9m | €296.2m | ▼ 4.1% |
| Equity10/15 | €290.5m | €291.2m | €290.5m | €290.9m | €296.2m | ▲ 1.8% |
| Contributions10/11 | €284.1m | €284.1m | €284.1m | €284.1m | €284.1m | = |
| Capital10 | - | - | - | €284.1m | €284.1m | = |
| Issued capital100 | - | - | - | €284.1m | €284.1m | = |
| Reserves13 | €6.3m | €6.3m | €6.4m | €6.7m | €6.9m | ▲ 3.9% |
| Non-distributable reserves130/1 | - | - | - | €6.7m | €6.9m | ▲ 3.9% |
| Legal reserve130 | - | - | - | €6.7m | €6.9m | ▲ 3.9% |
| Profit (loss) carried forward14 | €58,724 | €689,369 | €29,078 | €77,026 | €5.1m | ▲ 6,482% |
| Amounts payable17/49 | €13.4m | €113,282 | €1.1m | €18.0m | €25,726 | ▼ 99.9% |
| Amounts payable within one year42/48 | €13.4m | €113,282 | €1.1m | €18.0m | €25,726 | ▼ 99.9% |
| Trade debts44 | €11,570 | €12,919 | €5,751 | €7,845 | €25,293 | ▲ 222% |
| Suppliers440/4 | - | - | - | €7,845 | €25,293 | ▲ 222% |
| Taxes, remuneration and social security45 | - | - | - | €71,075 | €432 | ▼ 99.4% |
| Taxes450/3 | - | - | - | €40,559 | €432 | ▼ 98.9% |
| Remuneration and social security454/9 | - | - | - | €30,515 | - | - |
| Other amounts payable47/48 | - | - | - | €17.9m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.3m | €663,837 | €372,680 | €6.4m | €5.3m | ▼ 17.5% |
| Operating cash flow (approximation) | €2.3m | €663,837 | €372,680 | €6.4m | €5.3m | ▼ 17.5% |
| Investment in fixed assets (approximation) | - | -€275 | €0 | -€11.9m | €0 | ▲ 100% |
| Change in cash | - | €1.5m | €2.4m | -€6.1m | €3.3m | ▲ 154% |
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
2023
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity times 545current ratio 1746.18
Current ratio from 3.20 to 1746.18; short-term debt falls from €18.0m to €25,726.
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 65 days late
2021
31-12
Financial
Highest result since 2018net €6.4m ▲1,608%
Net result €6.4m, the highest in the series.
19-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €372,680 ▼43.9%
Net result drops to €372,680, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity times 95current ratio 458.40
Current ratio from 4.80 to 458.40; short-term debt falls from €13.4m to €113,282.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
17-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
18-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 22 acts read
About the unread acts
We know of 22 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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Structure & network
Owners and holdings
4 owners · 1 holding · 2 subsidiaries in the treeOwners 4
-
5.28%
-
2.75%
-
0.88%
-
0.88%
Holdings 1
-
100%
All subsidiaries, including indirect ones 2
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
SEA - INVEST 100%1 subsidiary
- SEA-AIR 100%
According to the 2022 annual accounts of BELFIMA and those 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300PR82EONF1NKE18