Skip to content

BFE GROUP

Active
Private limited companyfounded 20233 yrs activeGeneraal Tombeurstraat 81, 1040 Etterbeek, BelgiumKBO/BCE: BE 0801.432.410
Summary

The computed 12-month bankruptcy probability of BFE GROUP is 1.9% (moderate). The 2024 annual accounts show negative equity (-€2,399) and a net result of -€848. Its solvency ranks better than 17% of 290 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability17▲+3
Solvency20▼-2
Growth58
Track record94
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.93 against 0.94 in 2023; short-term debt: 104.8% and cash: 0% of total assets), and equity is negative.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Manufacture of textiles (NACE 13)
about 62% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2024
Solvency, return and age of the figures
Solvency
-4.8%
Return on assets
-1.7%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
2324
2023 to 2024 · latest year -€2,399
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-09-2025, 46 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 · 2 filings
Deviation from the deadline
2025
not confirmed
2024
46 d late
2023
62 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 54 days after the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

BFE GROUP was incorporated on 4 May 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Equity
-€2,399▼ 54.7%
2023 · -€1,551
Total assets
€49,517▼ 0.9%
2023 · €49,955
Net result
-€848▲ 56.5%
2023 · -€1,951
Working capital
-€3,399▼ 13.7%
2023 · -€2,988
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 13, Manufacture of textiles, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result-€1,921--€825▲ 57.0%
Net result-€1,951within the sector's middle half--€848within the sector's middle half▲ 56.5%
Equity-€1,551below the sector's middle half--€2,399below the sector's middle half▼ 54.7%
Total assets€49,955below the sector's middle half-€49,517below the sector's middle half▼ 0.9%
Debt€51,506-€51,916▲ 0.8%
Working capital-€2,988within the sector's middle half--€3,399within the sector's middle half▼ 13.7%
Solvency-3.1%below the sector's middle half--4.8%below the sector's middle half▼ 1.7pp
Current ratio0.94below the sector's middle half-0.93below the sector's middle half▼ 0.01
Return on assets (ROA)-3.9%below the sector's middle half--1.7%within the sector's middle half▲ 2.2pp
above within below the middle half (P25 to P75) of NACE 13, Manufacture of textiles, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€2,000-€1,500-€1,000-€500€0Operating result 2023: -€1,921-€1,921Net result 2023: -€1,951-€1,951Operating result 2024: -€825-€825Net result 2024: -€848-€84820232024-€2,000-€1,500-€1,000-€500€0Operating result 2023: -€1,921-€1,920Net result 2023: -€1,951-€1,950Operating result 2024: -€825-€825Net result 2024: -€848-€84820232024
The operating result stays negative: a loss of €825 in 2024 against €1,921 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €49,517
Fixed assets €1,000 =
Current assets €48,517 =
Key figures and ratios
2024 value · change against 2023
EBITDA
-€387▲
2023 · -€1,045
Cash flow
-€411▲
2023 · -€1,076
Debt to equity
-21.64▲
2023 · -33.21
Interest coverage
-16.60▲
2023 · -34.56
Debt ≤ 1 year
€51,916▲
2023 · €51,506
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,555 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a small loss
4.6% went bankrupt
3.6% stopped otherwise
91% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,555 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 28 lines
Balance sheet Code20232024
Assets
Total assets20/58€49,955€49,517▼
Formation expenses20€438-
Fixed assets21/28€1,000€1,000=
Financial fixed assets28€1,000€1,000=
Current assets29/58€48,517€48,517=
Amounts receivable within one year40/41€48,516€48,516=
Other amounts receivable41€48,516€48,516=
Cash at bank and in hand54/58€1€1=
Equity and liabilities
Total equity and liabilities10/49€49,955€49,517▼
Equity10/15-€1,551-€2,399▼
Contributions10/11€400€400=
Profit (loss) carried forward14-€1,951-€2,799▼
Amounts payable17/49€51,506€51,916▲
Amounts payable within one year42/48€51,506€51,916▲
Trade debts44€384€795▲
Suppliers440/4€384€795▲
Other amounts payable47/48€51,121€51,121=
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€875€438▼
Other operating charges640/8€384€387▲
Gross operating margin9900-€661-
Operating profit (loss)9901-€1,921-€825▲
Financial charges65/66B€30€23▼
Recurring financial charges65€30€23▼
Profit (loss) for the period before taxes9903-€1,951-€848▲
Profit (loss) for the period9904-€1,951-€848▲
Profit (loss) for the period to be appropriated9905-€1,951-€848▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1,951-€2,799▼
Profit (loss) brought forward from the previous period14P--€1,951

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€875€438▼ 50.0%
Other operating charges640/8€384€387▲ 0.8%
Gross operating margin9900-€661--
Operating profit (loss)9901-€1,921-€825▲ 57.0%
Financial charges65/66B€30€23▼ 22.8%
Recurring financial charges65€30€23▼ 22.8%
Profit (loss) for the period before taxes9903-€1,951-€848▲ 56.5%
Profit (loss) for the period9904-€1,951-€848▲ 56.5%
Profit (loss) for the period to be appropriated9905-€1,951-€848▲ 56.5%
Line20232024Change
Assets
Total assets20/58€49,955€49,517▼ 0.9%
Formation expenses20€438--
Fixed assets21/28€1,000€1,000=
Financial fixed assets28€1,000€1,000=
Current assets29/58€48,517€48,517=
Amounts receivable within one year40/41€48,516€48,516=
Other amounts receivable41€48,516€48,516=
Cash at bank and in hand54/58€1€1=
Equity and liabilities
Total equity and liabilities10/49€49,955€49,517▼ 0.9%
Equity10/15-€1,551-€2,399▼ 54.7%
Contributions10/11€400€400=
Profit (loss) carried forward14-€1,951-€2,799▼ 43.5%
Amounts payable17/49€51,506€51,916▲ 0.8%
Amounts payable within one year42/48€51,506€51,916▲ 0.8%
Trade debts44€384€795▲ 107%
Suppliers440/4€384€795▲ 107%
Other amounts payable47/48€51,121€51,121=
Line20232024Change
Profit (loss) for the period9904-€1,951-€848▲ 56.5%
+ Depreciation and write-downs630€875€438▼ 50.0%
Operating cash flow (approximation)-€1,076-€411▲ 61.8%
Investment in fixed assets (approximation)--€438-
Change in cash-€0-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2025
15-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 46 days late
2024
01-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 62 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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.

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, Etterbeek · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
296 m²
Building footprint
199 m²
Volume, LiDAR
2,966 m³
Parcel 21364B0194/00D006, Brussels · tallest building 18.3 m, ±5 floors. Linked by address, not a title deed.
39 companies at this address See who is registered here
1 establishment unit
BFE GROUP
Generaal Tombeurstraat 81, 1040 EtterbeekFinishing of textiles
since 20232.347.064.260
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21364B0194/00D006 Brussels 296 m² 1 · 199 m² 18.3 m · 5 fl.
Linked by address, not proof of ownership
Good to know
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 and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 757 companies in sector 13300 we hold annual accounts for 160. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded04-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
13300Finishing of textiles
18120Other printing
63910Web portal activities
73110Advertising agencies
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.