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Belfuture

Active
Private limited companyfounded 200719 yrs activeNeringsweg 2, 9820 Merelbeke-Melle, BelgiumKBO/BCE: BE 0891.008.742
Summary

Belfuture has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €785,685. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
BelfutureActiveChecked score 93/100
Risk analysis ReportCompare

Overview

Activity
Production of electricity from non-renewable sources
NACE 35110NACE 40110
1 site
Size
€11.8mtotal assets 2025
Equity
€1.5m
Profit
€785,685
Turnover not published (abridged schema)
Financial health
93 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Parent
I4B - THE BELGIAN INFRASTRUCTURE FUND · 100%
Accounts 53 d early0 of 11 deeds read
Why 93- Equity €1.5m (13.0% of total assets)+ Size: total assets €11.8m+ Figures for FY 2025 (filed 09-06-2026)+ Founded in 2007Show the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Better than 44% of its sector peers (NACE 35, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 38-2
equity 13.0% of total assets
Liquidity 71+28
short-term debt 26.3% · cash 24.9%
Profitability 62+18
return on assets 6.6%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.2% (105 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%▲ +6.7% vs 01-2025 03-2025: 0.1%▲ +6.3% vs 02-2025 04-2025: 0.1%▲ +14.1% vs 03-2025 05-2025: 0.1%▲ +12.4% vs 04-2025 06-2025: 0.1%▲ +34.9% vs 05-2025 07-2025: 0.4%▲ +152% vs 06-2025 08-2025: 0.4%● 0.0% vs 07-2025 09-2025: 0.4%● 0.0% vs 08-2025 10-2025: 0.4%● 0.0% vs 09-2025 11-2025: 0.4%● 0.0% vs 10-2025 12-2025: 0.4%● 0.0% vs 11-2025 01-2026: 0.4%● 0.0% vs 12-2025 02-2026: 0.4%▲ +1.9% vs 01-2026 03-2026: 0.4%▲ +1.9% vs 02-2026 04-2026: 0.4%▲ +1.3% vs 03-2026 05-2026: 0.4%▼ -0.3% vs 04-2026 06-2026: 0.4%▲ +3.3% vs 05-2026highest value 07-2026: < 0.1%▼ -90.5% vs 06-2026lowest value 08-2026: < 0.1%● 0.0% vs 07-2026lowest value 09-2026: < 0.1%● 0.0% vs 08-2026lowest value 10-2026: < 0.1%● 0.0% vs 09-2026lowest value
  • Size: total assets €11.8m lowers the probability for this profile
  • Figures for FY 2025 (filed 09-06-2026) lowers the probability
  • Equity €1.5m (13.0% of total assets) raises the probability
  • Founded in 2007 lowers the probability for this profile
Credit up to €140,000 at 30 days acceptable
Liquidity tight (current ratio 1.05 against 0.67 in 2024; short-term debt: 26.3% and cash: 24.9% of total assets), and 87% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 35, medium-sized). Better than this share of them on solvency 29%, liquidity 89%, profitability 41%, growth against the median 18%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €11.8m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 09-06-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Equity €1.5m (13.0% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 2007
In the bankruptcy model this factor lowers the probability for this profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
53 d early
2024
37 d early
2023
7 d early
2022
33 d early
2021
26 d early
2020
26 d early
2019
9 d early
← 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 27 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% 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 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
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
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Annual accounts filedfiscal year 2023 · abbreviated…

Key points

  • Positive: Result rose in 2025from €120,121 to €785,685 ▲ 554% View
  • Positive: Among the best 8% on net resultsector median €17,996 · 345 companies €785,685 View
  • Controlled by I4B - THE BELGIAN…known shareholders 100% 100% View
  • Positive: Always filed on timeaccounts within the deadline every year 7 years View
  • Positive: 6 profitable years in a rowprofit 2025: €785,685 6 years View

By topic

Financials

Fiscal year
2025
Total assets
€11.8m
Profit
€785,685
Solvency
13.0%
Total assets▼ 1.2%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 08-06-2026Annual accounts filed
  2. 24-06-2025Annual accounts filed
  3. 24-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Production of electricity from non-renewable sourcesNACE 35110
Founded
23-07-2007
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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