Checked.be
Active
BE 0684.667.075Private limited company
BFS&A
Kastanjedreef(Rol) 2 ·8510 Kortrijk, Belgium· 8 yrs active
Sector: Other tax advisory services
(69209)
Conclusion
BFS&A has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €464k and a net result of €206k. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 46% of 12402 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €464k |
| Net result | €206k |
| Staff (FTE) | 2.1 |
| Better than sector | 46% |
Financial profile
93
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
98
Profitability
100
Solvency
91
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2017, past the statistically most fragile first 3 years.
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.
Checked score
98
/ 100
Excellent
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.
Indicative credit limit
€45k
estimate, not credit advice
Score history
100
2021
93
2022
93
2023
93
2024
98
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.76 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.76 (≥ 1.0)
+5
Leverage
Debt/equity 0.88 (< 1.0)
+10
Profitability
ROE 44% (≥ 10%)
+10
Interest coverage
Interest coverage 202.0× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 16-04-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~12%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
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).
Sector comparison
Fiscal year 2025 · NACE 69, Legal and accounting activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 52.8% | 56.7% | |
| Net result | €206k | €38k | |
| Equity | €464k | €90k | |
| Gross operating margin | €457k | €74k | |
| Staff costs | €180k | €42k |
€500k
-
21-25
€270k
+62.7%
21-25
€206k
+74.8%
21-25
€211k
+74.8%
21-25
€879k
+29.7%
21-25
€464k
-18.3%
21-25
€311k
-25.3%
21-25
2
+5.0%
21-25
€180k
+15.3%
21-25
€92k
+67.0%
21-25
€310k
+675.0%
21-25
€409k
+294.5%
21-25
€408k
+293.8%
21-25
1.76
-64.9%
21-25
1.76
-64.9%
21-25
52.8%
-37.0%
21-25
0.88
+383.0%
21-25
44.4%
+114.0%
21-25
23.4%
+34.8%
21-25
40.0%
-
21-25
53.6%
-
21-25
202.02
-59.7%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | €500k |
| EBITDA | €270k | €166k | €181k | €193k | €268k |
| Net profit | €206k | €118k | €127k | €135k | €200k |
| Cash flow | €211k | €121k | €129k | €137k | €202k |
| Staff costs | €180k | €156k | €154k | €180k | €127k |
| Income taxes | €92k | €55k | €55k | €61k | €67k |
| Dividends | €310k | €40k | €80k | €50k | €50k |
| Total assets | €879k | €678k | €741k | €666k | €586k |
| Equity | €464k | €568k | €491k | €443k | €358k |
| Debt | €409k | €104k | €244k | €217k | €219k |
| of which ≤ 1y | €408k | €104k | €244k | €217k | €194k |
| of which > 1y | - | - | - | - | - |
| Working capital | €311k | €416k | €344k | €345k | €391k |
| Employees (FTE) | 2.1 | 2.0 | 2.3 | 2.7 | 1.8 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.76 | 5.01 | 2.41 | 2.59 | 3.02 |
| Quick ratio | 1.76 | 5.01 | 2.41 | 2.59 | 3.02 |
| Working capital ratio | 35.4% | 61.4% | 46.5% | 51.8% | 66.7% |
| Solvency | 52.8% | 83.9% | 66.2% | 66.6% | 61.0% |
| Debt / equity | 0.88 | 0.18 | 0.50 | 0.49 | 0.61 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 202.02 | 500.67 | 176.75 | 425.45 | 380.10 |
| Gross margin | - | - | - | - | 70.1% |
| Net margin | - | - | - | - | 40.0% |
| ROA | 23.4% | 17.4% | 17.2% | 20.3% | 34.2% |
| ROE | 44.4% | 20.7% | 26.0% | 30.5% | 56.0% |
| EBITDA margin | - | - | - | - | 53.6% |
| Days sales outstanding | - | - | - | - | 64d |
| Days payable outstanding | - | - | - | - | 41d |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €879k | €678k | €741k | €666k | €586k |
| Fixed assets | 21/28 | €160k | €158k | €152k | €104k | €2k |
| Tangible fixed assets | 22/27 | €10k | €8k | €2k | €4k | €2k |
| Financial fixed assets | 28 | €150k | €150k | €150k | €100k | - |
| Current assets | 29/58 | €719k | €520k | €589k | €562k | €585k |
| Amounts receivable within one year | 40/41 | €159k | €125k | €169k | €154k | €135k |
| Investments | 50/53 | €98k | €313k | €185k | €149k | €146k |
| Cash & bank | 54/58 | €455k | €71k | €227k | €211k | €296k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €879k | €678k | €741k | €666k | €586k |
| Equity | 10/15 | €464k | €568k | €491k | €443k | €358k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €407k | €207k | €132k | €82k | €2k |
| Accumulated profits (losses) | 14 | €39k | €343k | €340k | €343k | €337k |
| Provisions & deferred taxes | 16 | €6k | €6k | €6k | €6k | €10k |
| Amounts payable | 17/49 | €409k | €104k | €244k | €217k | €219k |
| Amounts payable within one year | 42/48 | €408k | €104k | €244k | €217k | €194k |
| Trade debts payable within one year | 44 | €3k | €7k | €2k | €10k | €17k |
| Income statement | ||||||
| Turnover | 70 | - | - | - | - | €500k |
| Gross operating margin | 9900 | €457k | €337k | €337k | €412k | €417k |
| Operating result | 9901 | €264k | €163k | €179k | €191k | €267k |
| Financial income | 75 | €35k | €11k | €4k | €5k | €2k |
| Financial charges | 65 | €1k | €331 | €1k | €453 | €706 |
| Result before taxes | 9903 | €298k | €173k | €183k | €196k | €267k |
| Income taxes | 67/77 | €92k | €55k | €55k | €61k | €67k |
| Net result for the period | 9904 | €206k | €118k | €127k | €135k | €200k |
| Result to be appropriated | 9905 | €206k | €118k | €127k | €135k | €200k |
Legal Structure
| NACE primary | Other tax advisory services(69209) |
| Legal form | Private limited company(610) |
| Incorporation | 14-11-2017 |
| Status | Active |
| Postal code | 8510 |
Establishment units
BFS & A
since 20172.269.897.592
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34033C0246/00R000 | Flanders | 1,098 m² | 1 · 203 m² | 7.5 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
16-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €206k ▲74.8%
Net result €206k, the highest in the series.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €118k ▼7.5%
Net result drops to €118k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 5.01
Current ratio from 2.41 to 5.01; short-term debt falls from €244k to €104k.
31-12
Financial
Equity above €500kEq €568k ▲15.9%
4 profitable years in a row build equity to €568k.
07-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Accountants69201Other tax advisory services69209
Names & trade names
| Legal nameNL | BFS&A |
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