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BELFRA VERMOGENSBEHEER

Active
Public limited companyfounded 1994active for 32 yearsRobert Klingstraat 96, 8940 Wervik, BelgiumKBO/BCE: BE 0452.257.649
Summary

BELFRA VERMOGENSBEHEER has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.6m and a net result of -€286,723. Equity has been growing by about 11% per year since 2019. Its solvency ranks better than 40% of 11,261 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 03-03-1994 Normal situation
Activity
Renting and operating of own or leased residential real estate, excluding social housing NACE 68201and 1 other
Establishment unit
2.066.554.415 8940 Wervik, since 27-04-1994
Financial year end
30 June
Peppol
Reachable since 16-10-2025

Board and ownership

Board
  • DUVERGER FrankieChair
  • BabevaDirector · since 13-12-2025 · permanent representative DUVERGER Flore
  • DuversaDirector · since 13-12-2025 · permanent representative DUVERGER Saar
Shareholders
  • Babeva2025 annual accounts of Babeva
  • Duversa2025 annual accounts of Duversa

Financial position

90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts to 30-06-2025
Gross margin
€561,121
▲ 13.7%
Turnover
≈ €630,000
estimated
Loss
€286,723
▼ 8.4%
Equity
€4.6m
▼ 5.9%
Total assets
€21.9m
▲ 28.5%
  • 2025 accounts filed 27 days after the deadline
Score breakdownraises riskLiquidity: current ratio 0.80, cash €63,082lowers riskSize: total assets €21.9mFounded in 1994Figures for financial year 2025 (filed on 27-02-2026)Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 29% of medium-sized companies in real estate (NACE 68)
Financial strength · tick: 2024
Weak
Solvency 46-7
equity 20.8% of total assets
Liquidity 36-12
short-term debt 33.1% · cash 0.3%
Profitability 28+2
return on assets -1.3%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,720 companies, NACE 68, medium-sized)
Last 24 months 12-2024: 0.1% 01-2025: 0.2%▲ +0.1 percentage points vs 12-2024 02-2025: 0.3%▲ +0.1 percentage points vs 01-2025highest value 03-2025: < 0.1%▼ -0.3 percentage points vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025lowest value 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: 0.1%▲ +0.1 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.2%▲ +0.1 percentage points vs 01-2026 03-2026: 0.1%▼ -0.1 percentage points vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €400,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.8 (0.73 in 2024), below 1. Short-term debt is 33.1% and cash 0.3% of total assets. 79.2% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, medium-sized). It does better than 42% of them on solvency, 28% on liquidity, 21% on profitability and 25% on growth.

The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · Liquidity: current ratio 0.80, cash €63,082
NBB · annual accounts
lowers risk · Size: total assets €21.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 1994
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Figures for financial year 2025 (filed on 27-02-2026)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€286,723
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
27 days late
2024
6 days late
2023
29 days late
2022
on the day
2021
1 day late
2020
22 days late
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 6 February (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end04-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower net result than 95% of companies in real estatesector median €9,999 · 11,252 companies -€286,723 View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€286,723 View
  • Board changedlatest change 12-08-2026 · 3 in office 1 joined · 1 left View

Recent changes

  1. · Gazette deed 1 director appointed, 3 directors resigning, 3 reappointedChange of role: DUVERGER Frankie, from director to voorzitter van de raad van bestuur en het dagelijks bestuur · Resignations: Duversa (director) and Babeva (director) · Permanent representatives: DUVERGER Saar and DUVERGER Flore
  2. · Gazette deed Resignation: Beauprez Belinda Brigitte (director)Board report
  3. · Gazette deed Resignation: Beauprez Belinda Brigitte (director)
All 18 events

Comparable companies

These companies have the same main activity as BELFRA VERMOGENSBEHEER: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €16m and €25m, founded between 1987 and 1999.

CompanyTotal assetsGross margin
BELFRA VERMOGENSBEHEER Wervik€21.9m€0.6m
FONTENAY INVESTMENTS LIMITED Brussel€24.7m€0.6m
SOVAGA Zonnebeke€24.6m€0.4m
TILLEGEM INVEST Oostkamp€22.9m€0.8m
MAXéON Zedelgem€16.0m€0.7m
BLEKO Zwevegem€19.9m€0.9m
FRANK'S Knokke-Heist€16.7m€0.8m
Full comparison

Key facts about BELFRA VERMOGENSBEHEER

What is the company number of BELFRA VERMOGENSBEHEER?
The company number of BELFRA VERMOGENSBEHEER is 0452.257.649. The VAT number is the same number with BE in front: BE 0452.257.649.
Where is BELFRA VERMOGENSBEHEER based?
The registered office is at Robert Klingstraat 96, 8940 Wervik.Company details
What does BELFRA VERMOGENSBEHEER do?
According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
What is the legal form of BELFRA VERMOGENSBEHEER?
The legal form of BELFRA VERMOGENSBEHEER is Public limited company (NV).
When was BELFRA VERMOGENSBEHEER founded?
BELFRA VERMOGENSBEHEER was founded on 03-03-1994.
Is BELFRA VERMOGENSBEHEER still active?
Yes, BELFRA VERMOGENSBEHEER is an active enterprise in the KBO register.
How many employees does BELFRA VERMOGENSBEHEER have?
BELFRA VERMOGENSBEHEER had an average of 0.2 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
What is the turnover of BELFRA VERMOGENSBEHEER?
The turnover in financial year 2025 is ≈ €630,000. This figure is estimated from the gross margin of €561,121 and 38 comparable companies (NACE 68201). It probably lies between €560,000 and €700,000. In financial year 2022 turnover was €453,717.
Is BELFRA VERMOGENSBEHEER profitable?
In financial year 2025, BELFRA VERMOGENSBEHEER made a loss of €286,723.
Where can I find the annual accounts of BELFRA VERMOGENSBEHEER?
BELFRA VERMOGENSBEHEER filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of BELFRA VERMOGENSBEHEER due?
BELFRA VERMOGENSBEHEER must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

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