Equity
€26,798 from €226,449 in 2009
Equity fell by 88% in 16 years.
Bellefroid
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €276,356 (2007)
€8,571▲ 66.5%
lowest -€44,172 (2024)
-€36,560▲ €7,612
peak €226,449 (2009)
€26,798▼ 57.7%
€164,873▲ 83.1%
peak 3.6 FTE (2006)
-not published
Board2 names since 2008
1 directorCLAESSENS Philippe Jean Marie
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from €5,147 to €8,571Loss of €36,560Equity from €63,358 to €26,798Debts from €90,038 to €164,873Investments €63,903Cash from €50,663 to €26,586
Key points
from the 2025 annual accountsLosses
-€80,732 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Debts
€164,873 86% of the balance sheet
Suppliers 5%Taxes and wages 5%Other 90%
Of this, €162,043 falls due within a year.
Investments
€63,903 10.1 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.35 was 0.90 in 2024
Short-term debts rose from €84,511 to €162,043.
Position in the sector
-€36,560
Lower net result than 94% of companies in retail trade. Sector median €5,048 · 22,907 companies.
Checked score
53
Fair
Financially stronger than 16% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: < 0.1%▼ -0.1 percentage points vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%▲ +0.1 percentage points 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 06-2025
08-2025: 0.4%▲ +0.3 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.6%▲ +0.2 percentage points vs 06-2026highest value
08-2026: 0.6%● unchanged vs 07-2026highest value
09-2026: 0.6%● unchanged vs 08-2026highest value
10-2026: 0.6%● unchanged vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €36,560, the second in a row (financial year 2025)
Sector: Retail trade (NACE 47)
lowers risk
Size: total assets €191,671
Founded in 1968
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 47, micro). It does better than 30% of them on solvency, 19% on liquidity, 6% on profitability and 10% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,221 companies had the same profile as Bellefroid has now. Each dot stands for 4 companies, two years later.
88.6%
were still trading
7.4%
stopped another way
3.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Bellefroid itself is lower: 0.6% within 12 months. It rests on far more data about Bellefroid than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,221 companies, not a prediction for Bellefroid. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.35 (0.9 in 2024), below 1. Short-term debt is 84.5% and cash 13.9% of total assets. 86% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€36,560
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 days early
2024
31 days early
2023
on the day
2022
12 days early
2021
18 days late
2020
25 days late
2019
74 days late
← 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 6 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0406077434
Purpose change · Amendment of the articles · Legal-form change · Resignations & appointments
Change of role: CLAESSENS Philippe Jean Marie, from manager to statutory director · Resignation: PEETERS Jean-Pierre Joseph Ghislain (statutory manager) · Reappointment: CLAESSENS Philippe Jean Marie (statutory director) · General meeting of 22-11-2023 · Gazette deed
First establishment
Naamsesteenweg 9, Oud-Heverlee
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Bellefroid Oud-Heverlee | €191,671 | €8,571 | 14.0% | - |
| 'T PINEGELTJE Geel | €169,645 | €11,773 | 31.8% | - |
| DISTRI-FLAM Frameries | €196,466 | €12,921 | 82.6% | - |
| Glasservice Antwerp | €348,515 | €5,317 | 99.5% | - |
| Braeckman, Piet, en zonen Haaltert | €104,678 | €4,671 | 38.9% | - |
| Société de Commercialisation des Articles de Ménage, d'Ameublement et Plastiques Sint-Gillis (bij-Brussel) | €231,743 | €30,208 | 93.5% | - |
| MIENUUS Bruges | €270,559 | €32,873 | 63.0% | - |
These companies have the same main activity as Bellefroid: retail sale of lighting equipment (NACE 47552). They are comparable in size and age: total assets between €105,000 and €349,000, founded between 1959 and 1982.
Official details
Source: KBO- Status
- Active since 20-12-1968Normal situation
- Activity
- Retail sale of lighting equipmentNACE 47552and 3 others
- Joint committee
- 149.01Electricians: installation and distribution · annual accounts 2025
- Establishment unit
- 2.003.738.9953052 Oud-Heverlee, since 01-04-1970
- Financial year end
- 31 December
- Peppol
- Reachable since 31-12-2024
Annual accounts 2025
- ≈ €90,000estimated
- €191,671▲ 25.0%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on Bellefroid
Bellefroid files the micro format. That format states no turnover. The gross margin fell from €202,644 in 2006 to €8,571 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Bellefroid
- What is the company number of Bellefroid?
- The company number of Bellefroid is 0406.077.434. The VAT number is the same number with BE in front: BE 0406.077.434.
- Where is Bellefroid based?
- The registered office is at Naamsesteenweg 9, 3052 Oud-Heverlee.Company details
- What does Bellefroid do?
- According to the KBO register, the main activity is retail sale of lighting equipment (NACE 47552).
- What is the legal form of Bellefroid?
- Bellefroid is a private limited company (BV).
- When was Bellefroid founded?
- Bellefroid was founded on 20-12-1968.
- Is Bellefroid still active?
- Yes, Bellefroid is an active enterprise in the KBO register.
- How many employees does Bellefroid have?
- Bellefroid had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Bellefroid fall under?
- In its 2025 annual accounts, Bellefroid states joint committee 149.01 (Electricians: installation and distribution).
- What is the turnover of Bellefroid?
- The turnover in financial year 2025 is ≈ €90,000. This figure is estimated from the gross margin of €8,571 and 60 comparable companies (NACE 475). It probably lies between €48,000 and €230,000. It is a rough estimate.
- Is Bellefroid profitable?
- In financial year 2025, Bellefroid made a loss of €36,560.
- Where can I find the annual accounts of Bellefroid?
- Bellefroid filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Bellefroid due?
- Bellefroid must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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