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BFH PROTECTION

Active
Public limited companyfounded 199630 yrs activeIndustrieweg 122, 9032 Gent, BelgiumKBO/BCE: BE 0458.107.937
Summary

BFH PROTECTION has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €778,160 and a net result of -€54,259. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 53% of 9091 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Risk analysisWatch ReportCompare
BFH PROTECTIONActiveChecked score 66/100
Risk analysis ReportCompare

Overview

Activity
Non-specialised wholesale trade
NACE 46900NACE 51900
1 site
Size
€1.7mtotal assets 2024
Equity
€778,160
Loss
-€54,259
Turnover not published (abridged schema)
Financial health
66 Healthy Checked score 2024
Bankruptcy chance 12 m
0.9%
Structure
Accounts 68 d overdue0 of 5 deeds read
Why 66- Figures for FY 2024 (filed 27-08-2025)- Liquidity: current ratio 0.81, cash €12,628+ Size: total assets €1.7m+ Founded in 1996Show the evidence

Checked score

Score 2024
66 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 33% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 72=
equity 46.7% of total assets
Liquidity 28-1
short-term debt 47.0% · cash 0.8%
Profitability 20=
return on assets -3.3%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,858 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● 0.0% vs 11-2024 01-2025: 0.2%▼ -0.5% vs 12-2024 02-2025: 0.2%▲ +1.4% vs 01-2025 03-2025: 0.2%● 0.0% vs 02-2025 04-2025: 0.2%▲ +0.4% vs 03-2025 05-2025: 0.2%▲ +4.4% vs 04-2025 06-2025: 0.2%▼ -8.5% vs 05-2025lowest value 07-2025: 0.3%▲ +33.0% vs 06-2025 08-2025: 0.5%▲ +62.6% vs 07-2025 09-2025: 0.2%▼ -50.3% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%▼ -1.7% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%▼ -0.9% vs 12-2025 02-2026: 0.2%▲ +1.3% vs 01-2026 03-2026: 0.2%● 0.0% vs 02-2026 04-2026: 0.2%▲ +0.4% vs 03-2026 05-2026: 0.2%▲ +4.8% vs 04-2026 06-2026: 0.2%▼ -9.6% vs 05-2026 07-2026: 0.2%▲ +6.5% vs 06-2026 08-2026: 0.5%▲ +104% vs 07-2026 09-2026: 0.6%▲ +18.3% vs 08-2026 10-2026: 0.9%▲ +64.1% vs 09-2026highest value
  • Figures for FY 2024 (filed 27-08-2025) raises the probability
  • Size: total assets €1.7m lowers the probability for this profile
  • Founded in 1996 lowers the probability for this profile
  • Liquidity: current ratio 0.81, cash €12,628 raises the probability
Credit up to €50,000 at 30 days acceptable
Liquidity short (current ratio 0.81 against 0.87 in 2023; short-term debt: 47% and cash: 0.8% of total assets), and 53.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 55%, liquidity 25%, profitability 22%, growth against the median 29%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 27-08-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €1.7m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 1996
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Liquidity: current ratio 0.81, cash €12,628
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€54,259
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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 filings
Deviation from the deadline
2025
not confirmed
2024
27 d late
2023
8 d late
2022
31 d late
2021
14 d late
2020
2 d early
2019
20 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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
  1. Annual accounts filedfiscal year 2024 · abbreviated…
  2. Annual accounts filedfiscal year 2023 · abbreviated…
  3. Annual accounts filedfiscal year 2022 · abbreviated…

Key points

  • Risk: 3 loss-making years in a rowloss fiscal year 2024 -€54,259 View
  • Caution: Among the weakest 12% on net resultsector median €39,964 · 9,086 companies -€54,259 View
  • Caution: Accounts not fileddeadline was 31-07-2026 68 d late View

By topic

Financials

Fiscal year
2024
Total assets
€1.7m
Loss
-€54,259
Solvency
46.7%
Total assets▼ 6.3%
Net result
20182024
Go to Financials

Timeline

Events
15
Since
2016
  1. 27-08-2025Annual accounts filed
  2. 08-08-2024Annual accounts filed
  3. 31-08-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Non-specialised wholesale tradeNACE 46900
Founded
31-05-1996
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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