Summary
BFE ENGINEERING has a registered holding activity and consists mainly of financial fixed assets. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.8m and a net result of €1.5m. Equity has been growing by about 44% per year since 2018. Its solvency ranks better than 29% of 5,789 sector peers (NACE 68, financial year 2025). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-12-2011 Normal situation
- Registered office
- 161 active companies are registered at this address 5 started in the 12 months before. Source: KBO register, as of 1 November 2026.
- Activity
- Buying and selling of own real estate NACE 68110and 4 others
- Establishment unit
- 2.206.992.597 1200 Sint-Lambrechts-Woluwe, since 22-12-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 13-10-2025
Board and ownership
Board
- FALLON EDOUARDDirector
- Holdings
- Shares in 3 companies including ENELYS and KAMICLAR
Financial position
Holding: outside the score modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Gross margin
- €47,701
- ▼ 13.1%
- Turnover
- ≈ €120,000
- estimated
- Profit
- €1.5m
- ▲ 659%
- Equity
- €2.8m
- ▲ 112%
- Total assets
- €17.2m
- ▲ 8.1%
- 2025 accounts filed 21 days after the deadline
Filed on 21-08-2026
Signalsraises risk2025 accounts filed 21 days lateShow the evidence
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity. Financial fixed assets make up more than half of its assets. The general model for operating companies does not fit such a balance sheet, so there is no score and no financial strength.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
raises risk
raises risk · 2025 accounts filed 21 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
21 days late
2024
56 days late
2023
7 days early
2022
88 days early
2021
96 days early
2020
20 days late
2019
18 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 11 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 25 July (4 of the last 5 accounts filed within 82 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
2025 annual accounts filed 21 days after the deadline Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00412306.
Annual accounts 2025 filed on 21-08-2026 at the NBB all 14 filings
Turnover
€1,197▲ 71.3%
2021 · €699
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
€1.5m▲ 659%
2024 · €195,296
Working capital
-€12.8m▲ 10.7%
2024 · -€14.4m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €25,289, larger than the loss of €21,277 in 2024.
Turnover€0.001m
2022
Operating result-€0.03m
2025
Net result€1.5m
2025
Total assets€17.2m
2025
Equity€2.8m
2025
Debt€14.4m
2025
Working capital-€12.8m
2025
Return on assets (ROA)8.6%
2025
Solvency16.3%
2025
Current ratio0.11
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.03m-€0.02m▼ 8.6%€0.009m▼ 64.9%€0.001m▼ 92.0%€0.001m▲ 71.3%
Operating result-€0.04m--€0.02m▲ 56.7%-€0.03m▼ 66.4%-€0.04m▼ 61.2%-€0.06m▼ 41.6%-€0.04m▲ 33.5%-€0.02m▲ 49.1%-€0.03m▼ 18.9%
Net result-€0.03m-€0.05m€0.3mabove the sector's middle half▲ 411%€0.2mabove the sector's middle half▼ 9.2%€0.2mwithin the sector's middle half▼ 34.4%€0.4mabove the sector's middle half▲ 174%€0.2mabove the sector's middle half▼ 56.0%€1.5mabove the sector's middle half▲ 659%
Equity-€0.05m--€0.001m▲ 98.0%€0.3mwithin the sector's middle half€0.5mwithin the sector's middle half▲ 91.1%€0.7mwithin the sector's middle half▲ 31.3%€1.1mwithin the sector's middle half▲ 65.3%€1.3mwithin the sector's middle half▲ 17.4%€2.8mwithin the sector's middle half▲ 112%
Total assets€8.8m-€11.9m▲ 34.2%€11.9mabove the sector's middle half▲ 0.2%€13.3mabove the sector's middle half▲ 12.1%€15.1mabove the sector's middle half▲ 13.0%€15.8mabove the sector's middle half▲ 4.9%€15.9mabove the sector's middle half▲ 0.8%€17.2mabove the sector's middle half▲ 8.1%
Debt€8.9m-€11.9m▲ 33.4%€11.6m▼ 2.1%€12.8m▲ 10.2%€14.4m▲ 12.2%€14.7m▲ 2.0%€14.6m▼ 0.4%€14.4m▼ 1.3%
Working capital-€8.6m--€11.8m▼ 36.3%-€11.5mbelow the sector's middle half▲ 2.6%-€12.8mbelow the sector's middle half▼ 11.6%-€14.4mbelow the sector's middle half▼ 12.2%-€14.7mbelow the sector's middle half▼ 2.1%-€14.4mbelow the sector's middle half▲ 1.7%-€12.8mbelow the sector's middle half▲ 10.7%
Solvency-0.6%-0.0%▲ 0.6pp2.3%below the sector's middle half▲ 2.3pp3.9%below the sector's middle half▲ 1.6pp4.5%below the sector's middle half▲ 0.6pp7.1%below the sector's middle half▲ 2.6pp8.3%within the sector's middle half▲ 1.2pp16.3%within the sector's middle half▲ 8.0pp
Current ratio0.03-0.01▼ 0.020.01below the sector's middle half▲ 0.010.00below the sector's middle half▼ 0.010.00below the sector's middle half=0.00below the sector's middle half=0.01below the sector's middle half▲ 0.010.11below the sector's middle half▲ 0.09
Return on assets (ROA)-0.4%-0.4%▲ 0.8pp2.3%within the sector's middle half▲ 1.8pp1.9%within the sector's middle half▼ 0.4pp1.1%within the sector's middle half▼ 0.8pp2.8%within the sector's middle half▲ 1.7pp1.2%within the sector's middle half▼ 1.6pp8.6%above the sector's middle half▲ 7.4pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.2m
Fixed assets
€15.7m ▼ 0.4%
Current assets
€1.6m ▲ 694%
Equity and liabilities €17.2m
Equity
€2.8m ▲ 112%
Debt
€14.4m ▼ 1.3%
Debt's share of the balance-sheet total falls from 91.7% to 83.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
52.9%▲
2024 · 14.8%
Debt ≤ 1 year
€14.4m▼
2024 · €14.6m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €522 | €984,863 | €4,392 | €11,257 | - |
| Financial fixed assets | €1.6m | €812,500 | €812,594 | €468 | - |
| Depreciation and write-downs of the year | €53,377 | €70,575 | €77,737 | €67,826 | €68,039 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as BFE ENGINEERING: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €9.3m and €18m, founded between 2007 and 2016.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| BFE ENGINEERING Sint-Lambrechts-Woluwe | 2011 | €17.2m | €2.8m | €0.05m | €1.5m | - | 2025 |
| NUSTECOM Merchtem | 2013 | €15.4m | €3.0m | €0.05m | -€0.03m | 0 | 2025 |
| Mika Investments Lubbeek | 2007 | €18.5m | €6.6m | €0.04m | €1.4m | - | 2025 |
| COVITIN Liège | 2009 | €15.5m | €2.1m | €0.03m | -€0.2m | 0.8 | 2025 |
| HOLDING VAN HAUTE CEYMEULEN Overijse | 2010 | €12.0m | €9.1m | €0.09m | -€0.03m | - | 2025 |
| ANTWERP SOUTH LOGISTICS DEVELOPMENT Antwerpen | 2016 | €13.5m | €8.3m | €0.04m | -€0.2m | - | 2025 |
| COGARD Pepinster | 2007 | €9.3m | -€3.8m | €0.05m | -€0.2m | - | 2025 |
They were chosen from the 5,832 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €0.03m | €0.02m | €0.009m | €0.001m | €0.001m | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.02m | €0.03m | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.05m | €0.05m | €0.05m | €0.07m | €0.08m | €0.07m | €0.07m | ▲ 0.3% |
| Other operating charges640/8 | - | - | - | €0.005m | €0.005m | €0.007m | €0.008m | €0.005m | ▼ 40.6% |
| Gross operating margin9900 | €0.02m | €0.04m | €0.03m | €0.01m | €0.01m | €0.04m | €0.05m | €0.05m | ▼ 13.1% |
| Operating profit (loss)9901 | -€0.04m | -€0.02m | -€0.03m | -€0.04m | -€0.06m | -€0.04m | -€0.02m | -€0.03m | ▼ 18.9% |
| Financial income75/76B | - | - | - | €0.3m | €0.2m | €0.5m | €0.2m | €1.5m | ▲ 596% |
| Recurring financial income75 | €0.005m | €0.07m | €0.3m | €0.3m | €0.2m | €0.5m | €0.2m | €1.5m | ▲ 596% |
| Financial charges65/66B | - | - | - | €73 | €69 | €69 | €74 | €70 | ▼ 5.0% |
| Recurring financial charges65 | €180 | €55 | €60 | €73 | €69 | €69 | €74 | €70 | ▼ 5.0% |
| Profit (loss) for the period before taxes9903 | -€0.03m | €0.05m | €0.3m | €0.2m | €0.2m | €0.4m | €0.2m | €1.5m | ▲ 659% |
| Profit (loss) for the period9904 | -€0.03m | €0.05m | €0.3m | €0.2m | €0.2m | €0.4m | €0.2m | €1.5m | ▲ 659% |
| Profit (loss) for the period to be appropriated9905 | -€0.03m | €0.05m | €0.3m | €0.2m | €0.2m | €0.4m | €0.2m | €1.5m | ▲ 659% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €8.8m | €11.9m | €11.9m | €13.3m | €15.1m | €15.8m | €15.9m | €17.2m | ▲ 8.1% |
| Fixed assets21/28 | €8.6m | €11.8m | €11.7m | €13.3m | €15.0m | €15.8m | €15.7m | €15.7m | ▼ 0.4% |
| Tangible fixed assets22/27 | €1.5m | €1.4m | €1.4m | €1.4m | €2.3m | €2.2m | €2.1m | €2.1m | ▼ 3.2% |
| Land and buildings22 | - | - | - | €1.3m | €2.3m | €2.2m | €2.1m | €2.1m | ▼ 3.2% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.01m | - | - | - | - |
| Financial fixed assets28 | €7.1m | €10.3m | €10.3m | €12.0m | €12.8m | €13.6m | €13.6m | €13.6m | = |
| Current assets29/58 | €0.3m | €0.09m | €0.2m | €0.01m | €0.01m | €0.008m | €0.2m | €1.6m | ▲ 694% |
| Amounts receivable within one year40/41 | €0.2m | €0.003m | €0.001m | €0 | €0.002m | €0.003m | €0.2m | €0.2m | ▲ 3.8% |
| Trade receivables40 | - | - | - | €0 | - | - | - | €0.002m | - |
| Other amounts receivable41 | - | - | - | - | €0.002m | €0.003m | €0.2m | €0.2m | ▲ 2.7% |
| Cash at bank and in hand54/58 | €0.08m | €0.09m | €0.1m | €0.01m | €0.01m | €0.004m | €0.007m | €1.4m | ▲ 191× |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.001m | - | €0.01m | €0.004m | ▼ 64.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €8.8m | €11.9m | €11.9m | €13.3m | €15.1m | €15.8m | €15.9m | €17.2m | ▲ 8.1% |
| Equity10/15 | -€0.05m | -€0.001m | €0.3m | €0.5m | €0.7m | €1.1m | €1.3m | €2.8m | ▲ 112% |
| Contributions10/11 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Capital10 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Issued capital100 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Uncalled capital101 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Legal reserve130 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | -€0.06m | -€0.009m | €0.3m | €0.5m | €0.7m | €1.1m | €1.3m | €2.8m | ▲ 113% |
| Amounts payable17/49 | €8.9m | €11.9m | €11.6m | €12.8m | €14.4m | €14.7m | €14.6m | €14.4m | ▼ 1.3% |
| Amounts payable within one year42/48 | €8.9m | €11.9m | €11.6m | €12.8m | €14.4m | €14.7m | €14.6m | €14.4m | ▼ 1.2% |
| Trade debts44 | €0.002m | €0.004m | €0.002m | €0.001m | €0.006m | €0.006m | €0.005m | €0.005m | ▲ 6.7% |
| Suppliers440/4 | - | - | - | €0.001m | €0.006m | €0.006m | €0.005m | €0.005m | ▲ 6.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | - | - | - | - | - |
| Taxes450/3 | - | - | - | €0.001m | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €12.8m | €14.4m | €14.7m | €14.6m | €14.4m | ▼ 1.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.004m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.03m | €0.05m | €0.3m | €0.2m | €0.2m | €0.4m | €0.2m | €1.5m | ▲ 659% |
| + Depreciation and write-downs630 | €0.04m | €0.05m | €0.05m | €0.05m | €0.07m | €0.08m | €0.07m | €0.07m | ▲ 0.3% |
| Operating cash flow (approximation) | €0.009m | €0.1m | €0.3m | €0.3m | €0.2m | €0.5m | €0.3m | €1.5m | ▲ 489% |
| Investment in fixed assets (approximation) | - | -€3.2m | -€0.02m | -€1.6m | -€1.8m | -€0.8m | -€0.01m | €0 | - |
| Change in cash | - | €0.004m | €0.06m | -€0.1m | -€0.001m | -€0.007m | €0.003m | €1.4m | ▲ 471× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 21-08-2026 | 2026-00412306 | NBB |
| 31-12-2024 | full format | 25-09-2025 | 2025-00502335 | |
| 31-12-2023 | full format | 24-07-2024 | 2024-00277119 | |
| 31-12-2022 | full format | 04-05-2023 | 2023-00078996 | |
| 31-12-2021 | full format | 26-04-2022 | 2022-20008465 | |
| 31-12-2020 | full format | 20-08-2021 | 2021-50400062 | |
| 31-12-2019 | full format | 18-08-2020 | 2020-41700576 | |
| 31-12-2018 | full format | 15-07-2019 | 2019-32200395 | |
| 31-12-2017 | full format | 21-08-2018 | 2018-47000193 | |
| 31-12-2016 | full format | 25-08-2017 | 2017-47100465 |
Board & ownership
Directors
Directors
1 director
FALLON EDOUARD
Current
Director · listed in the 2025 annual accounts, filed on 21-08-2026
Owners and capital
Owners
Network & group
Holdings and subsidiaries
3 holdingsHoldings 3
Source for every holding own accounts 2025
- Equity €3.1m Profit of €1.4m in 2026 (profit of €1.1m in 2025) Checked score 9317%
- Equity €16.3m Profit of €48,262 in 2025 (profit of €187,284 in 2024) Checked score 9315%
- Equity €40.7m Loss of €390,547 in 2025 (loss of €194,088 in 2024) Checked score 9312%
Companies at the same address
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- Pro Ficio Invest Registered office · since 2025 1030658751
- JUNETWO Registered office · since 2025 1028949076
- KOPKA Registered office · since 2025 1023358809
- FORZA LEONE Registered office · since 2025 1021992988
- SOCIETE DU CHATEAU DE RY Establishment · since 2025 1020368833
- ADM Invest Registered office · since 2024 1010546889
Connections & network
1 current directorThe network starts from the directors of BFE ENGINEERING. Every other company they run is a node.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
21-08
full format · 21 days late
2025
31-12
Financial
Highest result from 2018 to 2025net €1.5m ▲659%
The net result of €1.5m is the highest of those years.
31-12
Financial
Equity above €2mequity €2.8m ▲112%
After 7 profitable years in a row, equity reaches €2.8m.
25-09
full format · 56 days late
2024
24-07
full format · 7 days before the deadline
2023
31-12
Financial
Equity above €1mequity €1.1m ▲65.3%
After 5 profitable years in a row, equity reaches €1.1m.
04-05
full format · 88 days before the deadline
2022
26-04
full format · 96 days before the deadline
2021
31-12
Financial
Equity above €500,000equity €518,456 ▲91.1%
After 3 profitable years in a row, equity reaches €518,456.
20-08
full format · 20 days late
2020
31-12
Financial
Equity above €200,000equity €271,270
After 2 profitable years in a row, equity reaches €271,270.
18-08
full format · 18 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €53,284
The net result is €53,284, after one loss-making year.
15-07
full format · 16 days before the deadline
2018
21-08
full format · 21 days late
2017
25-08
full format · 25 days late
2012
06-01
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
BFE ENGINEERING in French
Enterprise number
0842.127.967
Legal form
Private limited company
Status
Active, normale toestand
Founded
26-12-2011
Entity type
Legal entity
Registered office and establishments
Registered office
Vergoteplein 19, 1200 Sint-Lambrechts-Woluwe, Belgium
Establishment unit
BFE ENGINEERING, Vergoteplein 19, 1200 Sint-Lambrechts-Woluwe since 22-12-2011 · unit number 2.206.992.597
Activities
NACEBEL 202568110
Buying and selling of own real estate main activity
64210
Activities of holding companies
70200
Business and other management consultancy
71113
Urban planning and landscape architecture
71121
Engineering and related technical consultancy, excluding land surveyors
Codes under NACEBEL 2008
68100
Real estate activities main activity
64200
Holdings
70220
Business consulting
71113
Architectural and engineering activities; technical testing and analysis
71121
Engineering activities
Invoicing and payment
VAT number
BE 0842.127.967
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
256 m²
Building footprint
113 m²
Building volume
1,545 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21673D0155/00E002 | Brussels | 256 m² | 1 · 113 m² | 19.4 m · 5 |