BELFOCA
Judicial reorganisationSummary
The file of BELFOCA contains 1 judicial reorganisation, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2024 annual accounts show negative equity (-€12.7m) and a net result of -€2.2m. Its solvency ranks better than 5% of 4838 sector peers (fiscal year 2024).
Are you a creditor?
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Official Gazette
- 17-07-2026 (pdf) ↗search the document for 2026/130943
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- How you are paid depends on the track: an amicable settlement, a collective agreement with a plan the creditors vote on, or a transfer. The judgment and RegSol say which.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Signals
This company filed its last 3 accounts on average 412 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
| Line | 2024 |
|---|---|
| Non-recurring operating income76A | €12,584 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €82,715 |
| Other operating charges640/8 | €133,669 |
| Non-recurring operating charges66A | €0 |
| Gross operating margin9900 | €1.6m |
| Operating profit (loss)9901 | €1.3m |
| Financial income75/76B | €926 |
| Recurring financial income75 | €926 |
| Financial charges65/66B | €3.0m |
| Recurring financial charges65 | €2.3m |
| Non-recurring financial charges66B | €694,893 |
| Profit (loss) for the period before taxes9903 | -€1.6m |
| Income taxes67/77 | €534,553 |
| Profit (loss) for the period9904 | -€2.2m |
| Profit (loss) for the period to be appropriated9905 | -€2.2m |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €22.8m | |
| Fixed assets21/28 | €22.7m | |
| Tangible fixed assets22/27 | €2.5m | |
| Land and buildings22 | €2.5m | |
| Assets under construction and advance payments27 | €7,285 | |
| Financial fixed assets28 | €20.1m | |
| Current assets29/58 | €117,220 | |
| Amounts receivable within one year40/41 | €62,363 | |
| Trade receivables40 | €55,490 | |
| Other amounts receivable41 | €6,872 | |
| Cash at bank and in hand54/58 | €2,789 | |
| Deferred charges and accrued income490/1 | €52,068 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €22.8m | |
| Equity10/15 | -€12.7m | |
| Contributions10/11 | €6.0m | |
| Reserves13 | €1.7m | |
| Tax-exempt reserves132 | €1.7m | |
| Profit (loss) carried forward14 | -€20.5m | |
| Provisions and deferred taxes16 | €575,000 | |
| Deferred taxes168 | €575,000 | |
| Amounts payable17/49 | €35.0m | |
| Amounts payable after more than one year17 | €26,000 | |
| Other amounts payable178/9 | €26,000 | |
| Amounts payable within one year42/48 | €34.4m | |
| Financial debts43 | €32.5m | |
| Credit institutions430/8 | €32.5m | |
| Trade debts44 | €366,987 | |
| Suppliers440/4 | €366,987 | |
| Taxes, remuneration and social security45 | €564,078 | |
| Taxes450/3 | €564,078 | |
| Other amounts payable47/48 | €986,340 | |
| Accrued charges and deferred income492/3 | €546,657 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | -€2.2m |
| + Depreciation and write-downs630 | €82,715 |
| Operating cash flow (approximation) | -€2.1m |
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
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0257/00V000 | Brussels | 3,242 m² | 1 · 817 m² | 20.8 m · 6 fl. |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
1 owner · 2 holdings · 2 subsidiaries in the treeChain of control
Highest known parent: SOCIETE DE GESTION FINANCIERE ET IMMOBILIERE BELGE. The sources do not say who stands above it.
Owners 1
- 100%
Holdings 2
-
99.95%
-
45.25%
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.
IMMOBILIERE STEPHANIE CINQ 99.95%1 subsidiary
- AXIS IMVEST 62.89%
According to the 2024 annual accounts of BELFOCA 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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Identification & contact
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.