BELFINI
ActiveSummary
BELFINI is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show negative equity (-€467,214) and a net result of -€1.0m. Equity is shrinking by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 6155 sector peers (fiscal year 2024). The company has been active since 2007 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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
33 d early
2022
32 d early
2021
32 d early
2020
9 d early
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
-€467,214▲ 76.1%
2023 · -€2.0m
Net result
-€1.0m▲ 90.6%
2023 · -€10.8m
Total assets
€8.8m▼ 1.0%
2023 · €8.9m
Solvency
-5.3%▲ 16.7pp
2023 · -22.1%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€33,464-€12,213€40,474-€14,542-€113,053▼ 677%
Net result-€284,721below the sector's middle half-€21,913below the sector's middle half▲ 92.3%-€565,892below the sector's middle half▼ 2,482%-€10.8mbelow the sector's middle half▼ 1,805%-€1.0mbelow the sector's middle half▲ 90.6%
Equity€9.4mabove the sector's middle half▼ 9.0%€9.4mabove the sector's middle half▼ 0.2%€8.8mabove the sector's middle half▼ 6.0%-€2.0mbelow the sector's middle half-€467,214below the sector's middle half▲ 76.1%
Total assets€19.0mabove the sector's middle half▼ 2.9%€21.0mabove the sector's middle half▲ 10.7%€21.6mabove the sector's middle half▲ 3.0%€8.9mabove the sector's middle half▼ 59.0%€8.8mabove the sector's middle half▼ 1.0%
Debt€9.6m▲ 4.1%€11.6m▲ 21.5%€12.8m▲ 10.2%€10.8m▼ 15.6%€9.2m▼ 14.5%
Working capital€2.9m€542,801▼ 81.3%€1.0m▲ 86.5%€1.2m▲ 15.9%€3.1m▲ 161%
Solvency49.6%within the sector's middle half▼ 3.4pp44.7%within the sector's middle half▼ 4.9pp40.8%within the sector's middle half▼ 3.9pp-22.1%below the sector's middle half▼ 62.8pp-5.3%below the sector's middle half▲ 16.7pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €113,053 in 2024 against €14,542 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.8m
Fixed assets
€5.7m ▼ 6.5%
Current assets
€3.1m ▲ 11.4%
Key figures and ratios
ROA
-11.5%▲
2023 · -121.6%
Debt ≤ 1 year
€10,318▼
2023 · €1.6m
Debt > 1 year
€9.2m=
2023 · €9.2m
Income taxes
€1▼
2023 · €63
A ratio outside any meaningful range has been withheld (balance sheet total €8.8m, equity -€467,214).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €969 | €970 | €1,069 | €118 | ▼ 89.0% |
| Gross operating margin9900 | €33,564 | -€11,244 | €41,444 | -€13,473 | -€112,935 | ▼ 738% |
| Operating profit (loss)9901 | €33,464 | -€12,213 | €40,474 | -€14,542 | -€113,053 | ▼ 677% |
| Financial income75/76B | - | €620,963 | €202,289 | €563,201 | €354,663 | ▼ 37.0% |
| Recurring financial income75 | €128,189 | €612,698 | €202,289 | €563,201 | €354,663 | ▼ 37.0% |
| Non-recurring financial income76B | - | €8,265 | €0 | - | - | - |
| Financial charges65/66B | - | €580,568 | €808,489 | €11.3m | €1.3m | ▼ 88.9% |
| Recurring financial charges65 | €448,223 | €580,568 | €577,240 | €566,200 | €259,978 | ▼ 54.1% |
| Non-recurring financial charges66B | - | - | €231,249 | €10.8m | €993,501 | ▼ 90.8% |
| Profit (loss) for the period before taxes9903 | -€284,975 | €28,182 | -€565,725 | -€10.8m | -€1.0m | ▲ 90.6% |
| Income taxes67/77 | -€254 | €50,095 | €166 | €63 | €1 | ▼ 98.7% |
| Profit (loss) for the period9904 | -€284,721 | -€21,913 | -€565,892 | -€10.8m | -€1.0m | ▲ 90.6% |
| Profit (loss) for the period to be appropriated9905 | -€284,721 | -€21,913 | -€565,892 | -€10.8m | -€1.0m | ▲ 90.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19.0m | €21.0m | €21.6m | €8.9m | €8.8m | ▼ 1.0% |
| Fixed assets21/28 | €15.8m | €18.1m | €17.8m | €6.1m | €5.7m | ▼ 6.5% |
| Tangible fixed assets22/27 | €7,150 | €7,150 | €7,150 | €7,150 | €7,150 | = |
| Furniture and vehicles24 | - | €7,150 | €7,150 | €7,150 | €7,150 | = |
| Financial fixed assets28 | €15.8m | €18.1m | €17.8m | €6.1m | €5.7m | ▼ 6.5% |
| Current assets29/58 | €3.2m | €3.0m | €3.8m | €2.8m | €3.1m | ▲ 11.4% |
| Amounts receivable after more than one year29 | - | €2.4m | €2.2m | €2.0m | €874,873 | ▼ 55.3% |
| Other amounts receivable291 | - | €2.4m | €2.2m | €2.0m | €874,873 | ▼ 55.3% |
| Amounts receivable within one year40/41 | €541,554 | €473,784 | €451,005 | €491,476 | €1.5m | ▲ 198% |
| Trade receivables40 | - | €32,658 | €18,830 | €58,465 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €441,125 | €432,175 | €433,011 | €1.5m | ▲ 238% |
| Cash at bank and in hand54/58 | €434,965 | €73,038 | €1.1m | €308,769 | €731,037 | ▲ 137% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19.0m | €21.0m | €21.6m | €8.9m | €8.8m | ▼ 1.0% |
| Equity10/15 | €9.4m | €9.4m | €8.8m | -€2.0m | -€467,214 | ▲ 76.1% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €2.6m | ▲ 2,500% |
| Capital10 | - | €100,000 | €100,000 | €100,000 | €2.6m | ▲ 2,500% |
| Issued capital100 | - | €100,000 | €100,000 | €100,000 | €2.6m | ▲ 2,500% |
| Reserves13 | €9.3m | €9.3m | €8.7m | €10,000 | €10,000 | = |
| Non-distributable reserves130/1 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Legal reserve130 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Distributable reserves133 | - | €9.3m | €8.7m | €0 | - | - |
| Profit (loss) carried forward14 | - | €0 | - | -€2.1m | -€3.1m | ▼ 49.0% |
| Amounts payable17/49 | €9.6m | €11.6m | €12.8m | €10.8m | €9.2m | ▼ 14.5% |
| Amounts payable after more than one year17 | €9.1m | €9.2m | €10.0m | €9.2m | €9.2m | = |
| Financial debts170/4 | - | €9.2m | €9.4m | €9.2m | €9.2m | = |
| Other amounts payable178/9 | - | - | €600,000 | €0 | - | - |
| Amounts payable within one year42/48 | €283,956 | €2.4m | €2.8m | €1.6m | €10,318 | ▼ 99.3% |
| Trade debts44 | €19,136 | €15,536 | €5,500 | €1,094 | €10,318 | ▲ 843% |
| Suppliers440/4 | - | €15,536 | €5,500 | €1,094 | €10,318 | ▲ 843% |
| Taxes, remuneration and social security45 | - | €179,650 | €82,071 | €82,071 | €0 | ▼ 100% |
| Taxes450/3 | - | €179,650 | €82,071 | €82,071 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €2.2m | €2.7m | €1.5m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €409 | €1,146 | €1,544 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€284,721 | -€21,913 | -€565,892 | -€10.8m | -€1.0m | ▲ 90.6% |
| Operating cash flow (approximation) | -€284,721 | -€21,913 | -€565,892 | -€10.8m | -€1.0m | ▲ 90.6% |
| Investment in fixed assets (approximation) | - | -€2.3m | €230,032 | €11.7m | €399,648 | ▼ 96.6% |
| Change in cash | - | -€361,927 | €1.1m | -€821,280 | €422,268 | ▲ 151% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 171current ratio 297.55
Current ratio from 1.74 to 297.55; short-term debt falls from €1.6m to €10,318.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€10.8m
Net result drops to -€10.8m, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 12current ratio 11.23
Current ratio from 0.92 to 11.23; short-term debt falls from €5.4m to €283,956.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €5.6m ▲4,108%
Net result €5.6m, the highest in the series.
31-12
Financial
Equity above €10mEq €10.3m ▲120%
2 profitable years in a row build equity to €10.3m.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Boechout · 1 establishment unit since 2007
Ground area
1,329 m²
Building footprint
191 m²
Volume, LiDAR
1,243 m³
Parcel 11004D0434/00D000, Flanders · tallest building 15.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Binnensteenweg 172, 2530 Boechout
since 20072.167.479.549
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11004D0434/00D000 | Flanders | 1,329 m² | 1 · 191 m² | 15.3 m · 2 fl. |
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.
Structure & network
Owners and holdings
4 owners · 5 holdingsOwners 4
- Sourceaccounts ASSETS 202349.99%
-
49.99%
- Sourceaccounts FINVAG 202349.99%
-
49.99%
Holdings 5
- Sourceown accounts 202424.96%
-
23.3%
-
16.44%
-
15.5%
-
10%
According to the 2024 annual accounts of BELFINI 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 6,396 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-12-2007
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0894243295
Also
9925:BE0894243295
Registered
12-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.