BIEFAST
ActiveSummary
BIEFAST has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.1m and a net result of -€208,133. Equity is growing by ~10.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability13▼-56
Solvency88▼-12
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200,000 at 30 days acceptable
Liquidity ample (current ratio 5.78 against 1.83 in 2023; short-term debt: 2.5% and cash: 1.1% of total assets), and 36.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
63.4%
Return on assets
-4.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-06-2026, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
41 d early
2024
14 d early
2023
5 d early
2022
67 d early
2021
30 d early
2020
22 d early
2019
6 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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, abbreviated schema
Turnover
€322,476
EBIT margin
70.1%
Net result
-€208,133▼ 3,516%
2023 · -€5,757
Working capital
€581,590▲ 86.4%
2023 · €312,008
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20202021202220232024
Turnover
Operating result-€216€109,224-€53,658€3,791-€215,522
Net result-€16,767below the sector's middle half€68,557within the sector's middle half-€55,004below the sector's middle half-€5,757within the sector's middle half▲ 89.5%-€208,133below the sector's middle half▼ 3,516%
EBIT margin
Equity€1.0mwithin the sector's middle half▼ 26.0%€3.4mabove the sector's middle half▲ 222%€3.3mabove the sector's middle half▼ 1.6%€3.3mabove the sector's middle half▼ 0.2%€3.1mabove the sector's middle half▼ 6.3%
Total assets€1.5mwithin the sector's middle half▼ 27.8%€3.9mwithin the sector's middle half▲ 156%€3.9mwithin the sector's middle half▼ 1.8%€3.8mwithin the sector's middle half▼ 0.4%€4.9mwithin the sector's middle half▲ 26.6%
Debt€493,609▼ 31.1%€574,076▲ 16.3%€560,135▼ 2.4%€550,975▼ 1.6%€1.8m▲ 223%
Working capital€570,148above the sector's middle half▼ 36.9%€533,506within the sector's middle half▼ 6.4%€428,751within the sector's middle half▼ 19.6%€312,008within the sector's middle half▼ 27.2%€581,590above the sector's middle half▲ 86.4%
Solvency67.8%above the sector's middle half▲ 1.6pp85.4%above the sector's middle half▲ 17.6pp85.5%above the sector's middle half▲ 0.1pp85.7%above the sector's middle half▲ 0.2pp63.4%above the sector's middle half▼ 22.3pp
Current ratio7.28above the sector's middle half▲ 2.954.06above the sector's middle half▼ 3.222.58within the sector's middle half▼ 1.481.83within the sector's middle half▼ 0.755.78above the sector's middle half▲ 3.95
Return on assets (ROA)-1.1%below the sector's middle half▼ 8.2pp1.7%within the sector's middle half▲ 2.8pp-1.4%below the sector's middle half▼ 3.2pp-0.1%within the sector's middle half▲ 1.3pp-4.3%below the sector's middle half▼ 4.1pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €215,522 after €3,791 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.9m
Fixed assets
€4.2m ▲ 31.9%
Current assets
€703,237 ▲ 2.2%
Equity and liabilities €4.9m
Equity
€3.1m ▼ 6.3%
Debt
€1.8m ▲ 223%
Debt's share of the balance-sheet total rises from 14.3% to 36.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€215,522▼
2023 · €67,092
Cash flow
-€208,133▼
2023 · €57,544
Debt to equity
0.58▲
2023 · 0.17
ROE
-6.7%▼
2023 · -0.2%
Interest coverage
-38.93▼
2023 · 8.48
Debt ≤ 1 year
€121,647▼
2023 · €376,197
Debt > 1 year
€83,704▼
2023 · €173,842
Income taxes
€0▼
2023 · €19,595
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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%.
| 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 8,611 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €100,000 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76,428 | €61,042 | €61,042 | €63,301 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €1,803 | €1,824 | €40,259 | €26,440 | ▼ 34.3% |
| Non-recurring operating charges66A | - | - | - | - | €193,905 | - |
| Gross operating margin9900 | €78,007 | €172,068 | €9,208 | €107,351 | €4,823 | ▼ 95.5% |
| Operating profit (loss)9901 | -€216 | €109,224 | -€53,658 | €3,791 | -€215,522 | ▼ 5,785% |
| Financial income75/76B | - | €11,624 | €11,076 | €17,957 | €12,925 | ▼ 28.0% |
| Recurring financial income75 | €22,020 | €11,624 | €11,076 | €17,957 | €12,925 | ▼ 28.0% |
| Financial charges65/66B | - | €9,507 | €10,792 | €7,910 | €5,536 | ▼ 30.0% |
| Recurring financial charges65 | €15,152 | €9,507 | €10,792 | €7,910 | €5,536 | ▼ 30.0% |
| Profit (loss) for the period before taxes9903 | €6,652 | €111,341 | -€53,374 | €13,838 | -€208,133 | ▼ 1,604% |
| Income taxes67/77 | €23,419 | €42,784 | €1,630 | €19,595 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€16,767 | €68,557 | -€55,004 | -€5,757 | -€208,133 | ▼ 3,516% |
| Profit (loss) for the period to be appropriated9905 | -€16,767 | €68,557 | -€55,004 | -€5,757 | -€208,133 | ▼ 3,516% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €3.9m | €3.9m | €3.8m | €4.9m | ▲ 26.6% |
| Fixed assets21/28 | €873,911 | €3.2m | €3.2m | €3.2m | €4.2m | ▲ 31.9% |
| Tangible fixed assets22/27 | €873,911 | €3.2m | €3.2m | €3.2m | €4.2m | ▲ 31.9% |
| Land and buildings22 | - | €3.2m | €3.2m | €3.2m | €3.0m | ▼ 6.1% |
| Assets under construction and advance payments27 | - | - | - | - | €1.2m | - |
| Current assets29/58 | €660,892 | €707,651 | €699,748 | €688,205 | €703,237 | ▲ 2.2% |
| Amounts receivable within one year40/41 | €620,733 | €697,847 | €565,829 | €549,964 | €649,196 | ▲ 18.0% |
| Trade receivables40 | - | - | - | - | €15,476 | - |
| Other amounts receivable41 | - | €697,847 | €565,829 | €549,964 | €633,719 | ▲ 15.2% |
| Cash at bank and in hand54/58 | €40,159 | €9,804 | €7,712 | €12,035 | €54,041 | ▲ 349% |
| Deferred charges and accrued income490/1 | - | - | €126,206 | €126,206 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €3.9m | €3.9m | €3.8m | €4.9m | ▲ 26.6% |
| Equity10/15 | €1.0m | €3.4m | €3.3m | €3.3m | €3.1m | ▼ 6.3% |
| Contributions10/11 | €265,000 | €282,091 | €282,091 | €282,091 | €282,091 | = |
| Capital10 | - | €282,091 | €282,091 | €282,091 | €282,091 | = |
| Issued capital100 | - | €282,091 | €282,091 | €282,091 | €282,091 | = |
| Revaluation surpluses12 | - | €2.9m | €2.9m | €2.8m | €2.7m | ▼ 4.3% |
| Reserves13 | €97,821 | €159,107 | €163,681 | €217,502 | €128,401 | ▼ 41.0% |
| Non-distributable reserves130/1 | - | €28,209 | €28,209 | €28,209 | €28,209 | = |
| Legal reserve130 | - | €28,209 | €28,209 | €28,209 | €28,209 | = |
| Distributable reserves133 | - | €130,898 | €135,472 | €189,293 | €100,192 | ▼ 47.1% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | - | - |
| Amounts payable17/49 | €493,609 | €574,076 | €560,135 | €550,975 | €1.8m | ▲ 223% |
| Amounts payable after more than one year17 | €397,444 | €390,777 | €282,788 | €173,842 | €83,704 | ▼ 51.9% |
| Financial debts170/4 | - | €390,777 | €282,788 | €173,842 | €83,704 | ▼ 51.9% |
| Amounts payable within one year42/48 | €90,744 | €174,145 | €270,996 | €376,197 | €121,647 | ▼ 67.7% |
| Current portion of amounts payable after more than one year42 | - | €107,070 | €107,990 | €108,946 | €90,138 | ▼ 17.3% |
| Trade debts44 | €135 | €227 | €157,307 | €217,465 | €31,508 | ▼ 85.5% |
| Suppliers440/4 | - | €227 | €157,307 | €217,465 | €31,508 | ▼ 85.5% |
| Advances received on contracts in progress46 | - | - | €4,000 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | €1,700 | €19,640 | €0 | ▼ 100% |
| Taxes450/3 | - | - | €1,700 | €19,640 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €66,848 | €0 | €30,147 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €9,154 | €6,351 | €936 | €1.6m | ▲ 168,185% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,767 | €68,557 | -€55,004 | -€5,757 | -€208,133 | ▼ 3,516% |
| + Depreciation and write-downs630 | €76,428 | €61,042 | €61,042 | €63,301 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €59,661 | €129,599 | €6,038 | €57,544 | -€208,133 | ▼ 462% |
| Investment in fixed assets (approximation) | - | -€2.4m | €0 | -€59,927 | -€1.0m | ▼ 1,579% |
| Change in cash | - | -€30,355 | -€2,091 | €4,323 | €42,006 | ▲ 872% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€208,133
Net result drops to -€208,133, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 5.78
Current ratio from 1.83 to 5.78; short-term debt falls from €376,197 to €121,647.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €68,557
Net result €68,557 after one loss-making year.
31-12
Financial
Equity above €2mEq €3.4m ▲222%
Equity rises from €1.0m to €3.4m.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Highest result since 2018net €150,750 ▲29%
Operating result €252,631, net result €150,750, both a record.
Show earlier events
11-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 2 days late
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Schoten · 1 establishment unit since 1984
Ground area
3,597 m²
Building footprint
3,108 m²
Volume, LiDAR
17,123 m³
Parcel 11443E0093/00B005, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
27
companies at this address
See who is registered here
1 establishment unit
Biefast
since 19842.024.901.031
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11443E0093/00B005 | Flanders | 3,597 m² | 1 · 3,108 m² | 8.1 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
Highest known parent: ADRIAENSSENS MANAGEMENT EN BEHEER HOLDING. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of BIEFAST and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
R&N FERONSTREE
BE 0821.496.661
Tinlot · Eq €3,082,188
Van Noten
BE 0404.612.734
Brussel · Eq €3,076,675
D³ PROJECTS
BE 0862.038.010
Brugge · Eq €3,108,197
LIEMAN
BE 0883.865.879
Erpe-Mere · Eq €3,065,672
Revive World
BE 0474.152.925
Gent · Eq €3,111,896
Of 9,698 companies in sector 68121 we hold annual accounts for 7,393. 2,404 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-06-1984
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0426922140
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.