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Belfinas

Active
Private limited companyfounded 20251 yr activeRue de Jemappes 111, 7080 Frameries, BelgiumKBO/BCE: BE 1019.020.236
Summary

The computed 12-month bankruptcy probability of Belfinas is 2.4% (moderate). The 2025 annual accounts show equity of €18,260 and a net result of €13,260. The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability100
Solvency97
Growth-
Track record67
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 3.2; short-term debt: 28.4% and cash: 70.2% of total assets), and 28.4% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
71.6%
Return on assets
52%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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
2025
10 d late
← before the deadline after the deadline →
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 21 January 2025, Belfinas was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€18,260
Total assets
€25,516
Net result
€13,260
Working capital
€15,998

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

Balance-sheet composition
Assets €25,516
Fixed assets €2,262
Current assets €23,254
Equity and liabilities €25,516
Equity €18,260
Debt €7,256
Debt finances 28.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€16,997
Cash flow
€13,472
Current ratio
3.20
Debt to equity
0.40
ROE
72.6%
ROA
52.0%
Interest coverage
175.41
Debt ≤ 1 year
€7,256
Income taxes
€3,429

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

For this company itself Checked computes a higher bankruptcy probability: 2.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 11,280 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 35 lines
Balance sheet Code2025
Assets
Total assets20/58€25,516
Fixed assets21/28€2,262
Tangible fixed assets22/27€2,203
Furniture and vehicles24€2,203
Financial fixed assets28€58
Current assets29/58€23,254
Cash at bank and in hand54/58€17,919
Deferred charges and accrued income490/1€5,336
Equity and liabilities
Total equity and liabilities10/49€25,516
Equity10/15€18,260
Contributions10/11€5,000
Reserves13€13,000
Distributable reserves133€13,000
Profit (loss) carried forward14€260
Amounts payable17/49€7,256
Amounts payable within one year42/48€7,256
Trade debts44€827
Suppliers440/4€827
Taxes, remuneration and social security45€3,429
Taxes450/3€3,429
Other amounts payable47/48€3,000
Income statement Code2025
Goods, raw materials, services and sundry goods60/61€35,629
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€212
Other operating charges640/8€400
Gross operating margin9900€17,397
Operating profit (loss)9901€16,786
Financial charges65/66B€97
Recurring financial charges65€97
Profit (loss) for the period before taxes9903€16,689
Income taxes67/77€3,429
Profit (loss) for the period9904€13,260
Profit (loss) for the period to be appropriated9905€13,260
Appropriation of the result
Profit (loss) to be appropriated9906€13,260
Transfer to equity691/2€13,000
To other reserves6921€13,000

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Goods, raw materials, services and sundry goods60/61€35,629
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€212
Other operating charges640/8€400
Gross operating margin9900€17,397
Operating profit (loss)9901€16,786
Financial charges65/66B€97
Recurring financial charges65€97
Profit (loss) for the period before taxes9903€16,689
Income taxes67/77€3,429
Profit (loss) for the period9904€13,260
Profit (loss) for the period to be appropriated9905€13,260
Line2025
Assets
Total assets20/58€25,516
Fixed assets21/28€2,262
Tangible fixed assets22/27€2,203
Furniture and vehicles24€2,203
Financial fixed assets28€58
Current assets29/58€23,254
Cash at bank and in hand54/58€17,919
Deferred charges and accrued income490/1€5,336
Equity and liabilities
Total equity and liabilities10/49€25,516
Equity10/15€18,260
Contributions10/11€5,000
Reserves13€13,000
Distributable reserves133€13,000
Profit (loss) carried forward14€260
Amounts payable17/49€7,256
Amounts payable within one year42/48€7,256
Trade debts44€827
Suppliers440/4€827
Taxes, remuneration and social security45€3,429
Taxes450/3€3,429
Other amounts payable47/48€3,000
Line2025
Profit (loss) for the period9904€13,260
+ Depreciation and write-downs630€212
Operating cash flow (approximation)€13,472

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

2026
10-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
NBB filing
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, Frameries · 2 establishment units since 2025
seat establishment All 2 establishment units on the map
Ground area
558 m²
Building footprint
112 m²
Volume, LiDAR
946 m³
2 parcels, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
2 establishment units
Belfinas
Rue de Jemappes 111, 7080 FrameriesFinancial service activities, except insurance and pension funding
since 20252.369.191.841
Belfinas
Chaussée de Bruxelles 89, 7061 SoigniesFinancial service activities, except insurance and pension funding
since 20252.369.193.029
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
55006C0169/00G000 Wallonia 365 m² 1 · 75 m² 10.7 m · 3 fl.
53028A0011/00X002 Wallonia 193 m² 1 · 38 m² 9.6 m · 3 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded21-01-2025
Fiscal year end31-12
Contact
E-mail info@belfinas.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:1019020236
Also 9925:BE1019020236
Registered 19-06-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.