Equity
€62,400 ▼ 8.9%
BitFire paid out €26,272 in dividends. That is 130% of the 2025 profit.
BitFire
Lifetime
13 annual accounts with figures on one time axispeak €37,773 (2023)
€35,017▲ 41.7%
lowest -€2,380 (2019)
€20,179▲ 86.6%
peak €68,493 (2024)
€62,400▼ 8.9%
€38,045▲ 131%
Board1 name since 2012
1 director
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €24,714 to €35,017Result from €10,816 to €20,179Dividend €26,272Debts from €16,451 to €38,045
Key points
from the 2025 annual accountsInvestments
€8,898 1.5 × depreciation
Green is investment, beige is depreciation.
Filings
13 annual accounts since 2013
Nine of the last ten came late. The 2018 accounts came latest: 60 days after the end of the period.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 34,691 companies had the same profile as BitFire has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,691 companies, not a prediction for BitFire. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered office moved from Tielt-Winge to Tessenderlo
New registered office: Torenveld 47, 3980 Tessenderlo · Previous registered office: Haldertstraat 315/a, 3390 Tielt-Winge · Board meeting of 15-10-2024 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0846095960
Change of role: , from statutory manager to statutory director
Reappointment: (statutory director) · holds all the shares · Director discharge: (manager) · General meeting of 31-01-2023 · Gazette deed
Registered office moved from Holsbeek to Houwaart
New registered office: HALDERTSTRAAT 315 A, 3390 HOUWAART · Previous registered office: DUTSELSTRAAT 53, 3220 HOLSBEEK · General meeting of 28-12-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BitFire Tessenderlo-Ham | €100,445 | €35,017 | 62.1% | - |
| SVZ PLASTICS Tongeren-Borgloon | €108,736 | €31,702 | 30.5% | - |
| JG SECURITY Genk | €115,396 | €36,782 | 19.6% | - |
| MULTITRACK Wellen | €119,464 | €33,702 | 92.3% | - |
| JMB ELEC Beauraing | €105,958 | €38,603 | 23.4% | - |
| T.A.E SECURITY Couvin | €90,693 | €38,249 | 75.4% | - |
| D'HESPEEL Tielt | €88,732 | €33,792 | 57.3% | - |
These companies have the same main activity as BitFire: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €88,700 and €119,000, founded between 2011 and 2013.
Official details
Source: KBO- Status
- Active since 21-05-2012Normal situation
- Activity
- General electrical installation workNACE 43211and 1 other
- Establishment unit
- 2.210.302.1783980 Tessenderlo-Ham, since 21-05-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 29-07-2024
Insights on BitFire
BitFire files the micro format. That format states no turnover. The gross margin rose from €6,182 in 2013 to €35,017 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BitFire
- What is the company number of BitFire?
- The company number of BitFire is 0846.095.960. The VAT number is the same number with BE in front: BE 0846.095.960.
- Where is BitFire based?
- The registered office is at Torenveld 47, 3980 Tessenderlo-Ham.Company details
- What does BitFire do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of BitFire?
- BitFire is a private limited company (BV).
- When was BitFire founded?
- BitFire was founded on 21-05-2012.
- Is BitFire still active?
- Yes, BitFire is an active enterprise in the KBO register.
- What is the turnover of BitFire?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €35,017 and 45 comparable companies (NACE 43211). It probably lies between €110,000 and €250,000.Financials
- Is BitFire profitable?
- In financial year 2025, BitFire made a profit of €20,179.
- Where can I find the annual accounts of BitFire?
- BitFire filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BitFire due?
- BitFire must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
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