Bellefroid
ActiveBellefroid has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27k and a net result of €-37k. Equity is shrinking by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 33% of 18035 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
10
/ 100
Critical▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency9▼-52
Growth32=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.35 against 0.9 in 2024), and 86% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14%
Return on assets
-19.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€37k
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
31 d early
2023
on the day
2022
12 d early
2021
18 d late
2020
25 d late
2019
74 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€27k▼ 57.7%
2024 · €63k
2018: €105k
2019: €89k
2020: €86k
2021: €63k
2022: €65k
2023: €108k
2024: €63k
2018 → 2025
Total assets
€192k▲ 25.0%
2024 · €153k
2018: €162k
2019: €162k
2020: €171k
2021: €163k
2022: €144k
2023: €196k
2024: €153k
2018 → 2025
Net result
€-37k▲ 17.2%
2024 · €-44k
2018: €-19k
2019: €-16k
2020: €-3k
2021: €-23k
2022: €2k
2023: €42k
2024: €-44k
2018 → 2025
Working capital
€-105k▼ 1,161%
2024 · €-8k
2018: €18k
2019: €928
2020: €7k
2021: €-14k
2022: €-10k
2023: €34k
2024: €-8k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€63k-€65k▲ 3.5%€108k▲ 64.6%€63k▼ 41.1%€27k▼ 57.7%
Operating result€-18k-€5k€45k▲ 870%€-40k€-36k▲ 8.8%
Net result€-23k-€2k€42k▲ 1,800%€-44k€-37k▲ 17.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36k in 2025 against €40k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €192k
Fixed assets
€135k▲ 74.6%
Current assets
€57k▼ 25.3%
Equity and liabilities €192k
Equity
€27k▼ 57.7%
Debt
€165k▲ 83.1%
The debt ratio rises from 58.7% to 86.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-30k▲
2024 · €-39k
Cash flow
€-30k▲
2024 · €-43k
Solvency
14.0%▼
2024 · 41.3%
Current ratio
0.35▼
2024 · 0.90
Quick ratio
0.35▼
2024 · 0.90
Debt / equity
6.15▲
2024 · 1.42
ROE
-136.4%▼
2024 · -69.7%
ROA
-19.1%▲
2024 · -28.8%
Interest coverage
-62.59▼
2024 · -6.48
Debt
€165k▲
2024 · €90k
Debt ≤ 1 year
€162k▲
2024 · €85k
Income taxes
€140▲
2024 · €138
Staff costs
€35k▼
2024 · €41k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€153k€192k▲
Fixed assets21/28€77k€135k▲
Tangible fixed assets22/27€77k€135k▲
Land and buildings22€75k€75k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24-€59k
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€19€19=
Current assets29/58€76k€57k▼
Amounts receivable within one year40/41€18k€22k▲
Trade receivables40€18k€22k▲
Other amounts receivable41€254€0▼
Cash at bank and in hand54/58€51k€27k▼
Deferred charges and accrued income490/1€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€153k€192k▲
Equity10/15€63k€27k▼
Contributions10/11€19k€19k=
Reserves13€82k€82k=
Distributable reserves133€82k€82k=
Profit (loss) carried forward14€-37k€-74k▼
Amounts payable17/49€90k€165k▲
Amounts payable within one year42/48€85k€162k▲
Trade debts44€6k€8k▲
Suppliers440/4€6k€8k▲
Taxes, remuneration and social security45€8k€9k▲
Taxes450/3€169€2k▲
Remuneration and social security454/9€8k€7k▼
Other amounts payable47/48€71k€145k▲
Accrued charges and deferred income492/3€6k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€41k€35k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€983€6k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€5k€9k▲
Operating profit (loss)9901€-40k€-36k▲
Financial income75/76B€2k€382▼
Recurring financial income75€2k€382▼
Financial charges65/66B€6k€479▼
Recurring financial charges65€6k€479▼
Profit (loss) for the period before taxes9903€-44k€-36k▲
Income taxes67/77€138€140▲
Profit (loss) for the period9904€-44k€-37k▲
Profit (loss) for the period to be appropriated9905€-44k€-37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-37k€-74k▼
Profit (loss) brought forward from the previous period14P€7k€-37k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-44k ▼205%
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €42k ▲1800%
Operating result €45k, net result €42k, both a record.
31-12
Financial
Equity above €100kEq €108k ▲64.6%
2 profitable years in a row build equity to €108k.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after 4 loss-making years.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 74 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Oud-Heverlee · 1 establishment unit since 1970
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Naamsesteenweg 93052 Oud-HeverleeGround area
830 m²
Building footprint
171 m²
Volume, LiDAR
1,029 m³
Parcel 24013A0147/00D000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Naamsesteenweg 9, 3052 Oud-Heverlee
since 19702.003.738.995
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24013A0147/00D000 | Flanders | 830 m² | 1 · 171 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DUWAKO
BE 0748.753.886
Mechelen · Eq €27k
Benoît VBB
BE 0837.235.506
Beloeil · Eq €27k
DRL Chauffage
BE 0877.378.955
La Roche-en-Ardenne · Eq €27k
DLD Energy
BE 1000.516.594
Sambreville · Eq €27k
PEGOTECH
BE 0700.440.562
Lille · Eq €27k
Of 9,478 companies in sector 43222 we hold annual accounts for 5,625. 3,868 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-1968
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
47552Retail sale of lighting equipment
47592Retail trade
52442
52740
74700
81220Other building cleaning and industrial cleaning
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.