BELFLEUR
ActiveSummary
BELFLEUR has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €153,661 and a net result of €11,031. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 90% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+42
Solvency100▲+15
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 5.4 against 2.46 in 2024; short-term debt: 18.2% and cash: 47.9% of total assets), and 18.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
81.8%
Return on assets
5.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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 · 10 filingsDeviation from the deadline
2025
12 d late
2024
14 d early
2023
30 d late
2022
28 d late
2021
85 d late
2020
124 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 42 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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. Usually files around 28 August (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€153,661=
2024 · €153,661
Total assets
€187,903▼ 26.1%
2024 · €254,339
Net result
€11,031▲ 880%
2024 · €1,126
Working capital
€150,680▲ 2.6%
2024 · €146,920
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20212022202320242025
Operating result€311,136▲ 50.4%€118,878▼ 61.8%€82,032▼ 31.0%€12,196▼ 85.1%€18,014▲ 47.7%
Net result€290,488above the sector's middle half▲ 76.8%€71,613above the sector's middle half▼ 75.3%€25,692above the sector's middle half▼ 64.1%€1,126below the sector's middle half▼ 95.6%€11,031within the sector's middle half▲ 880%
Equity€85,230within the sector's middle half€156,843above the sector's middle half▲ 84.0%€182,535above the sector's middle half▲ 16.4%€153,661within the sector's middle half▼ 15.8%€153,661within the sector's middle half=
Total assets€465,001above the sector's middle half▲ 192%€522,710above the sector's middle half▲ 12.4%€564,089above the sector's middle half▲ 7.9%€254,339below the sector's middle half▼ 54.9%€187,903below the sector's middle half▼ 26.1%
Debt€379,770▲ 4.1%€365,867▼ 3.7%€381,554▲ 4.3%€100,679▼ 73.6%€34,243▼ 66.0%
Working capital€170,304above the sector's middle half€220,467above the sector's middle half▲ 29.5%€252,223above the sector's middle half▲ 14.4%€146,920within the sector's middle half▼ 41.8%€150,680within the sector's middle half▲ 2.6%
Solvency18.3%within the sector's middle half▲ 147.1pp30.0%within the sector's middle half▲ 11.7pp32.4%within the sector's middle half▲ 2.4pp60.4%within the sector's middle half▲ 28.1pp81.8%above the sector's middle half▲ 21.4pp
Current ratio1.67within the sector's middle half▲ 0.911.80within the sector's middle half▲ 0.121.85within the sector's middle half▲ 0.052.46within the sector's middle half▲ 0.615.40above the sector's middle half▲ 2.94
Return on assets (ROA)62.5%above the sector's middle half▼ 40.6pp13.7%above the sector's middle half▼ 48.8pp4.6%within the sector's middle half▼ 9.1pp0.4%below the sector's middle half▼ 4.1pp5.9%within the sector's middle half▲ 5.4pp
Staff (FTE)1.8=2.1▲ 16.7%1.5▼ 28.6%1below the sector's middle half▼ 33.3%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
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 recovers in 2025; 2025 is 48% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €187,903
Fixed assets
€2,980 ▼ 55.8%
Current assets
€184,923 ▼ 25.3%
Equity and liabilities €187,903
Equity
€153,661 =
Debt
€34,243 ▼ 66.0%
Debt's share of the balance-sheet total falls from 39.6% to 18.2%. Debt is lower.
Key figures and ratios
EBITDA
€20,718▲
2024 · €15,563
Cash flow
€13,734▲
2024 · €4,492
Debt to equity
0.22▼
2024 · 0.66
ROE
7.2%▲
2024 · 0.7%
Interest coverage
11.26▲
2024 · 1.72
Debt ≤ 1 year
€34,243▼
2024 · €100,679
Income taxes
€5,144▲
2024 · €2,500
Staff costs
-€989▼
2024 · €18,989
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €10,000 | - | €250 | - | - |
| Remuneration, social security and pensions62 | €79,914 | €83,734 | €48,808 | €18,989 | -€989 | ▼ 105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,124 | €7,174 | €5,211 | €3,367 | €2,703 | ▼ 19.7% |
| Other operating charges640/8 | €2,303 | €5,184 | €5,141 | €1,290 | €2,262 | ▲ 75.4% |
| Non-recurring operating charges66A | - | - | €6,654 | €0 | - | - |
| Gross operating margin9900 | €399,477 | €214,970 | €147,846 | €35,841 | €21,990 | ▼ 38.6% |
| Operating profit (loss)9901 | €311,136 | €118,878 | €82,032 | €12,196 | €18,014 | ▲ 47.7% |
| Financial income75/76B | €3,971 | €57 | €279 | €492 | €0 | ▼ 100% |
| Recurring financial income75 | €3,971 | €57 | €279 | €492 | €0 | ▼ 100% |
| Financial charges65/66B | €15,701 | €9,203 | €37,784 | €9,063 | €1,839 | ▼ 79.7% |
| Recurring financial charges65 | €15,701 | €9,203 | €20,736 | €9,063 | €1,839 | ▼ 79.7% |
| Non-recurring financial charges66B | - | - | €17,047 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €299,406 | €109,733 | €44,528 | €3,626 | €16,175 | ▲ 346% |
| Income taxes67/77 | €8,918 | €38,120 | €18,836 | €2,500 | €5,144 | ▲ 106% |
| Profit (loss) for the period9904 | €290,488 | €71,613 | €25,692 | €1,126 | €11,031 | ▲ 880% |
| Profit (loss) for the period to be appropriated9905 | €290,488 | €71,613 | €25,692 | €1,126 | €11,031 | ▲ 880% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €465,001 | €522,710 | €564,089 | €254,339 | €187,903 | ▼ 26.1% |
| Fixed assets21/28 | €41,962 | €24,953 | €13,887 | €6,741 | €2,980 | ▼ 55.8% |
| Tangible fixed assets22/27 | €28,592 | €24,953 | €13,887 | €5,341 | €2,980 | ▼ 44.2% |
| Plant, machinery and equipment23 | €1,424 | €2,358 | €1,844 | €1,329 | €937 | ▼ 29.5% |
| Furniture and vehicles24 | €6,602 | €5,162 | €3,384 | €2,629 | €1,711 | ▼ 34.9% |
| Leasing and similar rights25 | €5,496 | €4,125 | €2,754 | €1,382 | €332 | ▼ 76.0% |
| Other tangible fixed assets26 | €15,070 | €13,309 | €5,905 | €0 | - | - |
| Financial fixed assets28 | €13,370 | - | - | €1,400 | €0 | ▼ 100% |
| Current assets29/58 | €423,038 | €497,757 | €550,202 | €247,598 | €184,923 | ▼ 25.3% |
| Stocks and contracts in progress3 | €64,767 | €18,755 | - | - | - | - |
| Stocks30/36 | €64,767 | €18,755 | - | - | - | - |
| Amounts receivable within one year40/41 | €196,272 | €449,331 | €543,208 | €237,275 | €94,914 | ▼ 60.0% |
| Trade receivables40 | €57,923 | €27,176 | €76,929 | €237,275 | €94,914 | ▼ 60.0% |
| Other amounts receivable41 | €138,349 | €422,156 | €466,279 | €0 | - | - |
| Current investments50/53 | €93 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €160,919 | €28,658 | €6,500 | €9,613 | €90,009 | ▲ 836% |
| Deferred charges and accrued income490/1 | €987 | €1,014 | €494 | €709 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €465,001 | €522,710 | €564,089 | €254,339 | €187,903 | ▼ 26.1% |
| Equity10/15 | €85,230 | €156,843 | €182,535 | €153,661 | €153,661 | = |
| Contributions10/11 | €31,000 | €31,000 | €31,000 | €31,000 | €31,000 | = |
| Reserves13 | €3,100 | €73,100 | €73,100 | €73,100 | €73,100 | = |
| Non-distributable reserves130/1 | €3,100 | €3,100 | - | - | - | - |
| Reserves not available under the articles1311 | €3,100 | €3,100 | - | - | - | - |
| Distributable reserves133 | - | €70,000 | €73,100 | €73,100 | €73,100 | = |
| Profit (loss) carried forward14 | €51,130 | €52,743 | €78,435 | €49,561 | €49,561 | = |
| Amounts payable17/49 | €379,770 | €365,867 | €381,554 | €100,679 | €34,243 | ▼ 66.0% |
| Amounts payable after more than one year17 | €127,036 | €88,578 | €83,574 | €0 | - | - |
| Financial debts170/4 | €127,036 | €88,578 | €83,574 | €0 | - | - |
| Amounts payable within one year42/48 | €252,735 | €277,290 | €297,979 | €100,679 | €34,243 | ▼ 66.0% |
| Current portion of amounts payable after more than one year42 | €3,334 | €11,370 | €12,348 | €11,534 | €0 | ▼ 100% |
| Financial debts43 | €150,583 | €146,268 | €146,000 | €0 | - | - |
| Credit institutions430/8 | €150,583 | €146,000 | €146,000 | €0 | - | - |
| Other loans439 | - | €268 | - | - | - | - |
| Trade debts44 | €71,562 | €56,234 | €114,225 | €17,157 | €16,852 | ▼ 1.8% |
| Suppliers440/4 | €71,562 | €56,234 | €114,225 | €17,157 | €16,852 | ▼ 1.8% |
| Taxes, remuneration and social security45 | €27,256 | €63,417 | €25,407 | €41,987 | €6,360 | ▼ 84.9% |
| Taxes450/3 | €11,604 | €54,521 | €13,917 | €36,840 | €6,360 | ▼ 82.7% |
| Remuneration and social security454/9 | €15,652 | €8,896 | €11,490 | €5,147 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €30,000 | €11,031 | ▼ 63.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €290,488 | €71,613 | €25,692 | €1,126 | €11,031 | ▲ 880% |
| + Depreciation and write-downs630 | €6,124 | €7,174 | €5,211 | €3,367 | €2,703 | ▼ 19.7% |
| Operating cash flow (approximation) | €296,612 | €78,787 | €30,903 | €4,492 | €13,734 | ▲ 206% |
| Investment in fixed assets (approximation) | - | €9,835 | €5,856 | €3,779 | €1,057 | ▼ 72.0% |
| Change in cash | - | -€132,261 | -€22,158 | €3,114 | €80,395 | ▲ 2,482% |
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
15-09
State Gazette act
Resignation: Belgium Flower Group (managing director)Power of attorney5 facts ▸
State Gazette act
Resignation: Belgium Flower Group (managing director)
Power of attorney5 facts ▸
- Director resignation, Belgium Flower Group (managing director)
- Power of attorney, Koen De Bock
- Power of attorney, Sara Yildirim
- Power of attorney
- Power of attorney
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 12 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 5.40
Current ratio from 2.46 to 5.40; short-term debt falls from €100,679 to €34,243.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €1,126 ▼95.6%
Net result drops to €1,126, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Equity above €150,000Eq €156,843 ▲84%
5 profitable years in a row build equity to €156,843.
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
2021
31-12
Financial
Highest result since 2018net €290,488 ▲76.8%
Operating result €311,136, net result €290,488, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.67
Current ratio from 0.77 to 1.67.
02-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 124 days late
Show earlier events
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Menen · 1 establishment unit since 1991
Ground area
1.2 ha
Building footprint
262 m²
Volume, LiDAR
891 m³
2 parcels, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Belfleur
since 19912.055.322.706
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34027F0519/00X000 | Flanders | 9,858 m² | - | - |
| 41010C0633/00E000 | Flanders | 1,806 m² | 1 · 262 m² | 6.3 m · 2 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.
Mandate history
1 person since 2026, 0 in office
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Belgium Flower Group |
|
Articles of association
Other statement
One provision in the deed
Structure & network
Owners and holdings
1 ownerChain of control
- BELGIUM FLOWER GROUP
- BELFLEUR
Highest known parent: BELGIUM FLOWER GROUP. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of BELFLEUR 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 3,390 companies in sector 47761 we hold annual accounts for 1,156. 923 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-10-1991
Fiscal year end31-12
Activities, NACEBEL 2025
47761Retail sale of flowers, plants, seeds and fertilisers
46180Agents specialised in the wholesale of other particular products
46190Agents in non-specialised wholesale trade
46220Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445403016
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.