BELLEFROID
ActiveBELLEFROID has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €218k and a net result of €22k. Equity is growing by ~23.4% per year across the filed fiscal years. Its solvency ranks better than 65% of 5690 sector peers (fiscal year 2023). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2023
78
/ 100
Excellent▼ -16 vs 2022
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability51▼-49
Solvency86▲+3
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days only on tighter terms
Liquidity ample (current ratio 5.17 against 5.18 in 2022), but 58.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2023Solvency, return and age of the figures
Solvency
41.5%
Return on assets
4.2%
Age of the figures
32 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline12-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
61 d late
2022
60 d late
2021
61 d late
2020
219 d late
2019
76 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€218k▲ 11.3%
2022 · €196k
2018: €73k
2019: €115k
2020: €116k
2021: €133k
2022: €196k
2018 → 2023
Total assets
€527k▲ 6.7%
2022 · €494k
2018: €479k
2019: €494k
2020: €485k
2021: €471k
2022: €494k
2018 → 2023
Net result
€22k▼ 65.0%
2022 · €63k
2018: €10k
2019: €42k
2020: €950
2021: €16k
2022: €63k
2018 → 2023
Working capital
€370k▲ 13.6%
2022 · €326k
2018: €174k
2019: €219k
2020: €218k
2021: €225k
2022: €326k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€115k-€116k▲ 0.8%€133k▲ 14.1%€196k▲ 47.7%€218k▲ 11.3%
Operating result€93k-€37k▼ 60.3%€67k▲ 82.5%€125k▲ 85.5%€16k▼ 87.4%
Net result€42k-€950▼ 97.8%€16k▲ 1,633%€63k▲ 285%€22k▼ 65.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 87% below 2022 and is the lowest year so far.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €527k
Fixed assets
€68k▼ 24.6%
Current assets
€459k▲ 13.6%
Equity and liabilities €527k
Equity
€218k▲ 11.3%
Debt
€308k▲ 3.6%
The debt ratio falls from 60.3% to 58.5%: equity grows faster than debt.
Key figures and ratios
EBITDA
€37k▼
2022 · €146k
Cash flow
€44k▼
2022 · €85k
Solvency
41.5%▲
2022 · 39.7%
Current ratio
5.17▼
2022 · 5.18
Quick ratio
5.17▼
2022 · 5.18
Debt / equity
1.41▼
2022 · 1.52
ROE
10.2%▼
2022 · 32.3%
ROA
4.2%▼
2022 · 12.8%
Debt
€308k▲
2022 · €297k
Debt ≤ 1 year
€89k▲
2022 · €78k
Debt > 1 year
€219k=
2022 · €219k
Income taxes
€11k▼
2022 · €39k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€494k€527k▲
Fixed assets21/28€90k€68k▼
Tangible fixed assets22/27€89k€68k▼
Land and buildings22€89k€68k▼
Financial fixed assets28€660-
Current assets29/58€404k€459k▲
Amounts receivable within one year40/41€404k€459k▲
Trade receivables40€99k€99k=
Other amounts receivable41€305k€360k▲
Equity and liabilities
Total equity and liabilities10/49€494k€527k▲
Equity10/15€196k€218k▲
Contributions10/11€19k€19k=
Reserves13€178k€200k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€176k€198k▲
Amounts payable17/49€297k€308k▲
Amounts payable after more than one year17€219k€219k=
Financial debts170/4€219k€219k=
Amounts payable within one year42/48€78k€89k▲
Financial debts43€25k€25k=
Credit institutions430/8€25k€25k=
Trade debts44€4k€8k▲
Suppliers440/4€4k€8k▲
Taxes, remuneration and social security45€49k€56k▲
Taxes450/3€49k€56k▲
Income statement
Code20222023
Non-recurring operating income76A€175k-
Remuneration, social security and pensions62€346-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k=
Other operating charges640/8€43k€2k▼
Gross operating margin9900€190k€39k▼
Operating profit (loss)9901€125k€16k▼
Financial income75/76B-€18k
Recurring financial income75-€18k
Financial charges65/66B€22k-
Recurring financial charges65€22k-
Profit (loss) for the period before taxes9903€102k€33k▼
Income taxes67/77€39k€11k▼
Profit (loss) for the period9904€63k€22k▼
Profit (loss) for the period to be appropriated9905€63k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€63k€22k▼
Transfer to equity691/2€63k€22k▼
To other reserves6921€63k€22k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Equity above €200kEq €218k ▲11.3%
6 profitable years in a row build equity to €218k.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Highest result since 2018net €63k ▲285%
Operating result €125k, net result €63k, both a record.
31-12
Financial
Equity above €150kEq €196k ▲47.7%
5 profitable years in a row build equity to €196k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
07-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 219 days late
2020
31-12
Financial
Weakest financial yearnet €950 ▼97.8%
Net result drops to €950, the lowest in the series; recovery starts the following year.
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 76 days late
2019
31-12
Financial
Equity above €100kEq €115k ▲58.1%
2 profitable years in a row build equity to €115k.
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 69 days late
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 141 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Bertem
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.
Tervuursesteenweg 2383060 BertemGround area
1,063 m²
Building footprint
294 m²
Volume, LiDAR
2,126 m³
Parcel 24009B0235/00M004, Flanders · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24009B0235/00M004 | Flanders | 1,063 m² | 1 · 294 m² | 9.2 m · 3 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
ADT FD
BE 0810.688.782
Stabroek · Eq €217k
Uitvaartzorg Van Raemdonck
BE 0433.154.983
Beveren-Kruibeke-Zwijndrecht · Eq €219k
O'MALLY
BE 0680.470.836
Tongeren-Borgloon · Eq €220k
DEKIMPE
BE 0466.457.756
Comines-Warneton · Eq €216k
INTER-THANATO
BE 0759.676.185
Mons · Eq €221k
Of 898 companies in sector 96301 we hold annual accounts for 609. 533 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded02-12-2004
Fiscal year end31-12
Activities, NACEBEL
93031
96301Funeral services
55522
56210Event catering
93032
96302Personal service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.