BELUFFI HOLDING · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of BELUFFI HOLDING is 1.6% (moderate). The 2024 annual accounts show equity of €2k and a net result of €-39k. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.6% Moderate

0%0,5%1,5%4%10%≥25%

No NACE activity registered +Annual accounts: weaker financial profile +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 29 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	23-06-2025	38 d early	2025-00171035
31-12-2023	31-07-2024	22-08-2024	22 d late	2024-00364303
31-12-2022	31-07-2023	25-08-2023	25 d late	2023-00361339
31-12-2021	31-07-2022	11-08-2022	11 d late	2022-20285835
31-12-2020	31-07-2021	25-08-2021	25 d late	2021-54700477
31-12-2019	31-07-2020	22-09-2020	53 d late	2020-54800375
31-12-2018	31-07-2019	13-08-2019	13 d late	2019-46600575
31-12-2017	31-07-2018	13-08-2018	13 d late	2018-45500269
31-12-2016	31-07-2017	28-06-2017	33 d early	2017-23300021
31-12-2015	31-07-2016	04-08-2016	4 d late	2016-40200452

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2011, 14 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-39k-83.2%

Working capital€-353k+0.9%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 23-06-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~91% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€-4k

- 18-24

Net profit

€-39k

-83.2% 18-24

Cash flow

€-4k

- 18-24

Total assets

€475k

-7.3% 18-24

Equity

€2k

-95.0% 18-24

Working capital

€-353k

+0.9% 18-24

Income taxes

€45

-96.4% 18-24

Debt

€410k

+0.3% 18-24

Show 9 other metrics

Debt ≤ 1y

€364k

+0.3% 18-24

Debt > 1y

€46k

0.0% 18-24

Current ratio

0.03

+66.9% 18-24

Quick ratio

0.03

+66.9% 18-24

Solvency

0.4%

-94.6% 18-24

Debt / equity

203.79

+1922.0% 18-24

ROE

-1916.2%

-3593.2% 18-24

ROA

-8.1%

-97.6% 18-24

Interest coverage

-5.15

- 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€-4k
Net profit	€-39k
Cash flow	€-4k
Staff costs	-
Income taxes	€45
Dividends	-
Total assets	€475k
Equity	€2k
Debt	€410k
of which ≤ 1y	€364k
of which > 1y	€46k
Working capital	€-353k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	0.03
Quick ratio	0.03
Working capital ratio	-74.4%
Solvency	0.4%
Debt / equity	203.79
Long-term debt ratio	22.88
Interest coverage	-5.15
Gross margin	-
Net margin	-
ROA	-8.1%
ROE	-1916.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €464k · 97.7% Current assets €11k · 2.4%

Equity & liabilities

Equity €2k · 0.4% Provisions €62k · 13.2% Debt €410k · 86.4%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€475k
Fixed assets	21/28	€464k
Intangible fixed assets	21	€109k
Tangible fixed assets	22/27	€355k
Current assets	29/58	€11k
Amounts receivable within one year	40/41	€5k
Cash & bank	54/58	€6k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€475k
Equity	10/15	€2k
Contributions / capital	10/11	€6k
Reserves	13	€108k
Accumulated profits (losses)	14	€-112k
Provisions & deferred taxes	16	€62k
Amounts payable	17/49	€410k
Amounts payable after one year	17	€46k
Amounts payable within one year	42/48	€364k
Trade debts payable within one year	44	€615
Income statement
Gross operating margin	9900	€9k
Operating result	9901	€-38k
Financial income	75	€59
Financial charges	65	€720
Result before taxes	9903	€-39k
Income taxes	67/77	€45
Net result for the period	9904	€-39k
Result to be appropriated	9905	€-39k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

2 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

approximate (street level) On OpenStreetMap

Establishment units

1 location

BELUFFI HOLDING

Rue des Goutteaux 12, 6032 CharleroiHandel in eigen onroerend goed

since 20112.204.590.759

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area2,218 m²

Buildings1

Building footprint139 m²

Volume (LiDAR)923 m³

Tallest building8.1 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
52050A0549/00W002	Wallonia	1,612 m²	1 · 139 m²	8.1 m · 2 fl.
52050A0457/00G005indicative	Wallonia	606 m²	-	-

Methodology

via registered seat: 1 · via establishment units: 1

1 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 8 acts read

We know of 8 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.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured

31 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 2

Profitability 0

Solvency 0

Growth 52

Stability 100

Credit advice

verdict per customer and amount

Company registry

Company registry (CBE)

Crossroads Bank

Names & trade names

Legal nameFR

BELUFFI HOLDING

Registered office

Rue Emile Thibaut 4

6032 Charleroi, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.