BELGALFA CONSTRUCT
ActiveSummary
BELGALFA CONSTRUCT has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.2m and a net result of €285,900. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 70% of 737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▲+3
Solvency88▼-11
Growth57=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.07 in 2024; short-term debt: 36.9% and cash: 26% of total assets), and 36.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
63.1%
Return on assets
1.6%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
6 d late
2023
28 d late
2022
30 d late
2021
5 d late
2020
19 d late
2019
39 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 18 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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 6 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema, statutory accounts
Turnover
€963,434▲ 4.3%
2024 · €923,471
EBIT margin
-8.3%▼ 1.2pp
2024 · -7.1%
Net result
€285,900
2024 · -€288,385
Working capital
€136,998▼ 48.1%
2024 · €264,193
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Turnover€899,113▲ 34.2%€1.0m▲ 11.2%€1.1m▲ 8.5%€923,471▼ 14.9%€963,434▲ 4.3%
Operating result€96,797€167,111▲ 72.6%€89,995▼ 46.1%-€65,593-€79,971▼ 21.9%
Net result€139,144above the sector's middle half▲ 87.1%€368,003above the sector's middle half▲ 164%€610,482above the sector's middle half▲ 65.9%-€288,385below the sector's middle half€285,900above the sector's middle half
EBIT margin10.8%▲ 28.4pp16.7%▲ 5.9pp8.3%▼ 8.4pp-7.1%▼ 15.4pp-8.3%▼ 1.2pp
Equity€11.5mabove the sector's middle half▲ 1.2%€11.0mabove the sector's middle half▼ 4.0%€11.6mabove the sector's middle half▲ 5.5%€11.3mabove the sector's middle half▼ 2.5%€11.2mabove the sector's middle half▼ 1.1%
Total assets€17.4mabove the sector's middle half▼ 0.2%€17.9mabove the sector's middle half▲ 2.6%€16.9mabove the sector's middle half▼ 5.4%€15.2mabove the sector's middle half▼ 10.0%€17.8mabove the sector's middle half▲ 16.8%
Debt€6.0m▼ 2.9%€6.9m▲ 15.3%€5.3m▼ 23.0%€3.9m▼ 26.5%€6.6m▲ 69.0%
Working capital€354,055within the sector's middle half▲ 76.2%-€91,882below the sector's middle half€535,447within the sector's middle half€264,193within the sector's middle half▼ 50.7%€136,998within the sector's middle half▼ 48.1%
Solvency65.8%within the sector's middle half▲ 0.9pp61.6%within the sector's middle half▼ 4.2pp68.7%above the sector's middle half▲ 7.1pp74.5%above the sector's middle half▲ 5.7pp63.1%within the sector's middle half▼ 11.4pp
Current ratio1.06below the sector's middle half▲ 0.030.99below the sector's middle half▼ 0.071.10within the sector's middle half▲ 0.111.07within the sector's middle half▼ 0.031.02below the sector's middle half▼ 0.05
Return on assets (ROA)0.8%within the sector's middle half▲ 0.4pp2.1%within the sector's middle half▲ 1.3pp3.6%within the sector's middle half▲ 1.6pp-1.9%below the sector's middle half▼ 5.5pp1.6%within the sector's middle half▲ 3.5pp
Staff (FTE)1below the sector's middle half▼ 23.1%1below the sector's middle half=1.2below the sector's middle half▲ 20.0%0.3below the sector's middle half▼ 75.0%0.2below the sector's middle half▼ 33.3%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €79,971 in 2025 against €65,593 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.8m
Fixed assets
€11.1m ▼ 0.1%
Current assets
€6.7m ▲ 61.7%
Equity and liabilities €17.8m
Equity
€11.2m ▼ 1.1%
Debt
€6.6m ▲ 69.0%
Debt's share of the balance-sheet total rises from 25.5% to 36.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€67,911▼
2024 · -€53,017
Cash flow
€297,960▲
2024 · -€275,810
Debt to equity
0.59▲
2024 · 0.34
ROE
2.6%▲
2024 · -2.5%
Interest coverage
-0.30▼
2024 · -0.20
Debt ≤ 1 year
€6.6m▲
2024 · €3.9m
Income taxes
€165▼
2024 · €212
Staff costs
€9,192▼
2024 · €30,118
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €904,392 | €1.0m | €1.1m | €926,031 | €965,960 | ▲ 4.3% |
| Turnover70 | €899,113 | €1.0m | €1.1m | €923,471 | €963,434 | ▲ 4.3% |
| Other operating income74 | €5,279 | €5,972 | €5,492 | €2,560 | €2,526 | ▼ 1.3% |
| Non-recurring operating income76A | - | €3,000 | - | - | - | - |
| Operating charges60/66A | €807,595 | €842,113 | €1.0m | €991,624 | €1.0m | ▲ 5.5% |
| Services and other goods61 | €700,261 | €725,655 | €870,771 | €938,946 | €1.0m | ▲ 8.0% |
| Remuneration, social security and pensions62 | €80,970 | €91,033 | €102,032 | €30,118 | €9,192 | ▼ 69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,218 | €17,260 | €16,847 | €12,575 | €12,060 | ▼ 4.1% |
| Other operating charges640/8 | €8,146 | €8,166 | €10,808 | €9,984 | €10,226 | ▲ 2.4% |
| Operating profit (loss)9901 | €96,797 | €167,111 | €89,995 | -€65,593 | -€79,971 | ▼ 21.9% |
| Financial income75/76B | €268,266 | €433,535 | €775,317 | €48,543 | €594,552 | ▲ 1,125% |
| Recurring financial income75 | €268,266 | €433,535 | €775,317 | €48,543 | €594,552 | ▲ 1,125% |
| Income from financial fixed assets750 | €264,550 | €429,000 | €765,050 | - | €555,212 | - |
| Income from current assets751 | €3,716 | €4,535 | €10,267 | €48,543 | €38,796 | ▼ 20.1% |
| Other financial income752/9 | €0 | - | - | - | €545 | - |
| Financial charges65/66B | €225,549 | €232,255 | €254,426 | €271,123 | €228,516 | ▼ 15.7% |
| Recurring financial charges65 | €225,549 | €232,255 | €254,426 | €271,123 | €228,516 | ▼ 15.7% |
| Debt charges650 | €211,646 | €218,817 | €252,593 | €269,593 | €226,654 | ▼ 15.9% |
| Other financial charges652/9 | €13,903 | €13,438 | €1,832 | €1,531 | €1,862 | ▲ 21.6% |
| Profit (loss) for the period before taxes9903 | €139,514 | €368,392 | €610,887 | -€288,173 | €286,065 | ▲ 199% |
| Income taxes67/77 | €370 | €388 | €405 | €212 | €165 | ▼ 22.3% |
| Taxes670/3 | €370 | €388 | €405 | €212 | €165 | ▼ 22.3% |
| Profit (loss) for the period9904 | €139,144 | €368,003 | €610,482 | -€288,385 | €285,900 | ▲ 199% |
| Profit (loss) for the period to be appropriated9905 | €139,144 | €368,003 | €610,482 | -€288,385 | €285,900 | ▲ 199% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17.4m | €17.9m | €16.9m | €15.2m | €17.8m | ▲ 16.8% |
| Fixed assets21/28 | €11.1m | €11.1m | €11.1m | €11.1m | €11.1m | ▼ 0.1% |
| Tangible fixed assets22/27 | €134,593 | €117,333 | €100,485 | €87,910 | €75,850 | ▼ 13.7% |
| Land and buildings22 | €70,793 | €58,733 | €46,673 | €34,613 | €22,553 | ▼ 34.8% |
| Furniture and vehicles24 | €10,503 | €5,303 | €515 | - | - | - |
| Other tangible fixed assets26 | €53,297 | €53,297 | €53,297 | €53,297 | €53,297 | = |
| Financial fixed assets28 | €11.0m | €11.0m | €11.0m | €11.0m | €11.0m | = |
| Affiliated companies280/1 | €11.0m | €11.0m | €11.0m | €11.0m | €11.0m | = |
| Participating interests280 | €11.0m | €11.0m | €11.0m | €11.0m | €11.0m | = |
| Other financial fixed assets284/8 | - | - | - | €3,526 | €8,526 | ▲ 142% |
| Shares284 | - | - | - | €3,526 | €8,526 | ▲ 142% |
| Current assets29/58 | €6.3m | €6.8m | €5.8m | €4.1m | €6.7m | ▲ 61.7% |
| Amounts receivable within one year40/41 | €455,108 | €667,238 | €841,805 | €806,688 | €2.1m | ▲ 156% |
| Trade receivables40 | €160,590 | €328,184 | €330,484 | €42,599 | €103,828 | ▲ 144% |
| Other amounts receivable41 | €294,518 | €339,054 | €511,320 | €764,089 | €2.0m | ▲ 157% |
| Current investments50/53 | - | - | - | €2.0m | - | - |
| Other investments51/53 | - | - | - | €2.0m | - | - |
| Cash at bank and in hand54/58 | €5.9m | €6.1m | €5.0m | €1.3m | €4.6m | ▲ 251% |
| Deferred charges and accrued income490/1 | €3,713 | €2,474 | €6,183 | €21,345 | €7,869 | ▼ 63.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17.4m | €17.9m | €16.9m | €15.2m | €17.8m | ▲ 16.8% |
| Equity10/15 | €11.5m | €11.0m | €11.6m | €11.3m | €11.2m | ▼ 1.1% |
| Contributions10/11 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Capital10 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Issued capital100 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Reserves13 | €7.1m | €7.1m | €7.1m | €7.1m | €7.1m | = |
| Non-distributable reserves130/1 | €247,900 | €247,900 | €247,900 | €247,900 | €247,900 | = |
| Legal reserve130 | €247,900 | €247,900 | €247,900 | €247,900 | €247,900 | = |
| Tax-exempt reserves132 | €259,646 | €259,646 | €259,646 | €259,646 | €259,646 | = |
| Distributable reserves133 | €6.6m | €6.6m | €6.6m | €6.6m | €6.6m | = |
| Profit (loss) carried forward14 | €1.9m | €1.4m | €2.0m | €1.7m | €1.6m | ▼ 7.6% |
| Amounts payable17/49 | €6.0m | €6.9m | €5.3m | €3.9m | €6.6m | ▲ 69.0% |
| Amounts payable within one year42/48 | €6.0m | €6.9m | €5.3m | €3.9m | €6.6m | ▲ 69.2% |
| Trade debts44 | €33,361 | €44,200 | €58,207 | €59,508 | €103,023 | ▲ 73.1% |
| Suppliers440/4 | €33,361 | €44,200 | €58,207 | €59,508 | €103,023 | ▲ 73.1% |
| Taxes, remuneration and social security45 | €80,326 | €129,478 | €92,899 | €78,149 | €68,490 | ▼ 12.4% |
| Taxes450/3 | €70,308 | €116,383 | €80,385 | €78,149 | €66,739 | ▼ 14.6% |
| Remuneration and social security454/9 | €10,019 | €13,095 | €12,514 | - | €1,751 | - |
| Other amounts payable47/48 | €5.8m | €6.7m | €5.1m | €3.7m | €6.4m | ▲ 70.8% |
| Accrued charges and deferred income492/3 | - | - | - | €4,556 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €139,144 | €368,003 | €610,482 | -€288,385 | €285,900 | ▲ 199% |
| + Depreciation and write-downs630 | €18,218 | €17,260 | €16,847 | €12,575 | €12,060 | ▼ 4.1% |
| Operating cash flow (approximation) | €157,362 | €385,263 | €627,329 | -€275,810 | €297,960 | ▲ 208% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€5,000 | - |
| Change in cash | - | €256,423 | -€1.1m | -€3.7m | €3.3m | ▲ 191% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €285,900
Net result €285,900 after one loss-making year.
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 6 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Highest result since 2018net €610,482 ▲65.9%
Net result €610,482, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 5 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 19 days late
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 39 days late
2019
31-12
Financial
Back to profitnet €333,245
Net result €333,245 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · consolidated · 20 days late
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 24 acts read
About the unread acts
We know of 24 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
24 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, Anderlecht · 1 establishment unit since 1990
Ground area
1.4 ha
Building footprint
1,839 m²
Volume, LiDAR
13,617 m³
Parcel 21308H0688/00S002, Brussels · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Bergense Steenweg 1203, 1070 Anderlecht
since 19902.047.909.827
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0688/00S002 | Brussels | 1.4 ha | 1 · 1,839 m² | 13.8 m · 3 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
5 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 5
-
95.33%
-
92%
-
87.71%
-
85.67%
-
37.88%
According to the 2025 annual accounts of BELGALFA CONSTRUCT 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.
Similar companies · same sector, comparable size
DELTA INVEST
BE 0473.114.233
Geraardsbergen · Eq €11,234,012
SCALDIS SALVAGE & MARINE CONTRACTORS
BE 0455.363.530
Antwerpen · Eq €11,170,783
VAN dEN BRANDEN
BE 0460.709.121
Lier · Eq €11,125,761
GENETEC
BE 0428.884.510
Namur · Eq €11,338,018
Magics Technologies
BE 0634.891.526
Geel · Eq €11,051,218
Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 701 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
Founded09-03-1990
Fiscal year end31-12
Abbreviation FR
BELGALFA C
Activities, NACEBEL 2025
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
41001General construction of residential buildings
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440078013
Also
9925:BE0440078013
Registered
20-01-2026
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.