BKF Next
ActiveSummary
BKF Next has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.0m and a net result of €44,638. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 85% of 8161 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-14
Solvency100=
Growth35=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240,000 at 30 days acceptable
Liquidity ample (current ratio 7.62 against 7.7 in 2024; short-term debt: 6.8% and cash: 6.7% of total assets), and 18.5% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
81.5%
Return on assets
1.2%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
15 d early
2023
1 d early
2022
10 d early
2021
5 d early
2020
47 d early
2019
51 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 19 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 24 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€405,100▼ 96.0%
2021 · €10.1m
EBIT margin
30.7%▲ 16.5pp
2021 · 14.2%
Net result
€44,638▼ 75.4%
2024 · €181,135
Working capital
€1.7m▼ 16.2%
2024 · €2.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20212022202320242025
Turnover€10.1m▼ 0.9%€405,100
Operating result€1.4m▲ 1,097%€33,573▼ 97.7%€67,513▲ 101%€124,167▲ 83.9%-€43,573
Net result€1.0mabove the sector's middle half▲ 1,291%€69,518within the sector's middle half▼ 93.3%€128,984within the sector's middle half▲ 85.5%€181,135above the sector's middle half▲ 40.4%€44,638within the sector's middle half▼ 75.4%
EBIT margin14.2%▲ 13.0pp30.7%
Equity€3.1mwithin the sector's middle half▲ 21.1%€2.8mabove the sector's middle half▼ 10.1%€2.8mabove the sector's middle half▼ 0.2%€3.0mabove the sector's middle half▲ 6.4%€3.0mabove the sector's middle half▲ 1.5%
Total assets€5.1mwithin the sector's middle half▼ 7.8%€3.9mabove the sector's middle half▼ 24.1%€3.4mabove the sector's middle half▼ 11.1%€3.3mabove the sector's middle half▼ 3.4%€3.7mabove the sector's middle half▲ 12.7%
Debt€1.9m▼ 33.9%€1.0m▼ 45.9%€604,079▼ 41.0%€307,353▼ 49.1%€684,891▲ 123%
Working capital€2.2mwithin the sector's middle half▲ 26.7%€1.8mabove the sector's middle half▼ 21.2%€1.7mabove the sector's middle half▼ 1.5%€2.0mabove the sector's middle half▲ 16.5%€1.7mabove the sector's middle half▼ 16.2%
Solvency61.7%above the sector's middle half▲ 14.7pp73.1%above the sector's middle half▲ 11.4pp82.1%above the sector's middle half▲ 9.0pp90.5%above the sector's middle half▲ 8.4pp81.5%above the sector's middle half▼ 9.0pp
Current ratio2.41within the sector's middle half▲ 0.652.98within the sector's middle half▲ 0.583.98above the sector's middle half▲ 1.007.70above the sector's middle half▲ 3.727.62above the sector's middle half▼ 0.08
Return on assets (ROA)20.5%above the sector's middle half▲ 19.2pp1.8%within the sector's middle half▼ 18.7pp3.8%within the sector's middle half▲ 2.0pp5.5%within the sector's middle half▲ 1.7pp1.2%within the sector's middle half▼ 4.3pp
Staff (FTE)16within the sector's middle half▼ 20.0%1.1below the sector's middle half▼ 93.1%1within the sector's middle half▼ 9.1%1within the sector's middle half=1within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2022 Net result -93% on 2021. The previous fiscal year ran 15 months, this one 12. The accounts now follow the abbreviated schema, last year the full schema.
- 2022 Staff (FTE) -93% on 2021. The accounts now follow the abbreviated schema, last year the full schema.
- 2021 Net result +1,291% on 2020. This fiscal year ran 15 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €43,573 after €124,167 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.7m
Fixed assets
€1.8m ▲ 80.0%
Current assets
€1.9m ▼ 16.1%
Equity and liabilities €3.7m
Equity
€3.0m ▲ 1.5%
Provisions
€5,180 ▼ 31.1%
Debt
€684,891 ▲ 123%
Debt's share of the balance-sheet total rises from 9.3% to 18.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€205,731▼
2024 · €248,180
Cash flow
€293,942▼
2024 · €305,148
Debt to equity
0.23▲
2024 · 0.10
ROE
1.5%▼
2024 · 6.0%
Interest coverage
8.16▼
2024 · 19.48
Debt ≤ 1 year
€255,509▼
2024 · €301,412
Debt > 1 year
€412,500▲
2024 · €0
Income taxes
€20,115▼
2024 · €84,864
Staff costs
€65,582▲
2024 · €63,551
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
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 0.3% 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 17,039 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €10.2m | - | - | - | - | - |
| Turnover70 | €10.1m | - | - | €405,100 | - | - |
| Other operating income74 | €91,935 | - | - | - | - | - |
| Non-recurring operating income76A | €12,209 | €35,000 | €0 | - | - | - |
| Operating charges60/66A | €8.8m | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €169,207 | - | - |
| Goods for resale, raw materials and consumables60 | €7.5m | - | - | - | - | - |
| Purchases600/8 | €8.4m | - | - | - | - | - |
| Change in stocks: decrease (increase)609 | -€885,840 | - | - | - | - | - |
| Services and other goods61 | €515,499 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €663,836 | €34,264 | €62,742 | €63,551 | €65,582 | ▲ 3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €146,554 | €119,264 | €121,776 | €124,012 | €249,304 | ▲ 101% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€98,003 | €0 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €0 | -€40,735 | €0 | - | - | - |
| Other operating charges640/8 | €29,195 | €23,070 | €17,124 | €17,376 | €19,638 | ▲ 13.0% |
| Non-recurring operating charges66A | €28,039 | €225 | €0 | - | - | - |
| Gross operating margin9900 | - | €169,661 | €269,155 | €329,107 | €290,950 | ▼ 11.6% |
| Operating profit (loss)9901 | €1.4m | €33,573 | €67,513 | €124,167 | -€43,573 | ▼ 135% |
| Financial income75/76B | €74,236 | €90,644 | €117,182 | €152,233 | €131,196 | ▼ 13.8% |
| Recurring financial income75 | €74,236 | €90,644 | €117,182 | €152,233 | €131,196 | ▼ 13.8% |
| Income from current assets751 | €5,642 | - | - | - | - | - |
| Other financial income752/9 | €68,594 | - | - | - | - | - |
| Financial charges65/66B | €90,043 | €27,680 | €19,846 | €12,743 | €25,213 | ▲ 97.9% |
| Recurring financial charges65 | €90,043 | €27,680 | €19,846 | €12,743 | €25,213 | ▲ 97.9% |
| Debt charges650 | €88,953 | - | - | - | - | - |
| Other financial charges652/9 | €1,090 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €1.4m | €96,537 | €164,849 | €263,657 | €62,410 | ▼ 76.3% |
| Transfer from deferred taxes780 | €2,928 | €1,343 | €2,343 | €2,343 | €2,343 | = |
| Income taxes67/77 | €373,946 | €28,361 | €38,207 | €84,864 | €20,115 | ▼ 76.3% |
| Taxes670/3 | €373,946 | - | - | - | - | - |
| Profit (loss) for the period9904 | €1.0m | €69,518 | €128,984 | €181,135 | €44,638 | ▼ 75.4% |
| Transfer from tax-exempt reserves789 | €46,285 | €7,028 | €7,028 | €7,028 | €7,028 | = |
| Profit (loss) for the period to be appropriated9905 | €1.1m | €76,546 | €136,012 | €188,163 | €51,666 | ▼ 72.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.1m | €3.9m | €3.4m | €3.3m | €3.7m | ▲ 12.7% |
| Fixed assets21/28 | €1.3m | €1.2m | €1.1m | €991,079 | €1.8m | ▲ 80.0% |
| Tangible fixed assets22/27 | €1.2m | €1.1m | €1.1m | €928,329 | €1.7m | ▲ 85.4% |
| Land and buildings22 | €1.2m | €1.1m | €1.0m | €899,909 | €1.7m | ▲ 84.8% |
| Plant, machinery and equipment23 | €135 | €0 | - | - | - | - |
| Furniture and vehicles24 | €53,843 | €39,231 | €48,138 | €28,420 | €51,580 | ▲ 81.5% |
| Other tangible fixed assets26 | - | - | - | - | €6,391 | - |
| Financial fixed assets28 | €42,071 | €62,751 | €62,751 | €62,751 | €62,751 | = |
| Affiliated companies280/1 | €42,071 | - | - | - | - | - |
| Participating interests280 | €42,071 | - | - | - | - | - |
| Current assets29/58 | €3.8m | €2.6m | €2.3m | €2.3m | €1.9m | ▼ 16.1% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Stocks30/36 | €0 | - | - | - | - | - |
| Goods purchased for resale34 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €2.8m | €2.3m | €1.9m | €1.8m | €1.7m | ▼ 5.5% |
| Trade receivables40 | €563,963 | €263,605 | €75,088 | €24,286 | €25,892 | ▲ 6.6% |
| Other amounts receivable41 | €2.2m | €2.0m | €1.9m | €1.8m | €1.7m | ▼ 5.7% |
| Cash at bank and in hand54/58 | €1.0m | €373,508 | €375,448 | €526,348 | €250,164 | ▼ 52.5% |
| Deferred charges and accrued income490/1 | €17,290 | €10,811 | €4,270 | €5,250 | €6,634 | ▲ 26.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.1m | €3.9m | €3.4m | €3.3m | €3.7m | ▲ 12.7% |
| Equity10/15 | €3.1m | €2.8m | €2.8m | €3.0m | €3.0m | ▲ 1.5% |
| Contributions10/11 | €148,000 | €148,000 | €148,000 | €148,000 | €148,000 | = |
| Reserves13 | €3.0m | €2.7m | €2.7m | €2.8m | €2.9m | ▲ 1.6% |
| Non-distributable reserves130/1 | €76,469 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €76,469 | €0 | - | - | - | - |
| Tax-exempt reserves132 | €40,653 | €33,625 | €26,597 | €19,569 | €12,541 | ▼ 35.9% |
| Distributable reserves133 | €2.9m | €2.6m | €2.6m | €2.8m | €2.9m | ▲ 1.8% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | - | - |
| Provisions and deferred taxes16 | €54,286 | €12,208 | €9,866 | €7,523 | €5,180 | ▼ 31.1% |
| Provisions for liabilities and charges160/5 | €40,735 | €0 | - | - | - | - |
| Other liabilities and charges164/5 | €40,735 | €0 | - | - | - | - |
| Deferred taxes168 | €13,551 | €12,208 | €9,866 | €7,523 | €5,180 | ▼ 31.1% |
| Amounts payable17/49 | €1.9m | €1.0m | €604,079 | €307,353 | €684,891 | ▲ 123% |
| Amounts payable after more than one year17 | €303,912 | €136,158 | €18,140 | €0 | €412,500 | - |
| Financial debts170/4 | €303,912 | €136,158 | €18,140 | €0 | €412,500 | - |
| Credit institutions173 | €303,912 | - | - | - | - | - |
| Amounts payable within one year42/48 | €1.6m | €888,170 | €581,554 | €301,412 | €255,509 | ▼ 15.2% |
| Current portion of amounts payable after more than one year42 | €218,334 | €167,754 | €117,970 | €18,140 | €50,000 | ▲ 176% |
| Financial debts43 | €0 | - | - | - | - | - |
| Credit institutions430/8 | €0 | - | - | - | - | - |
| Trade debts44 | €25,237 | €7,571 | €3,426 | €2,370 | €23,729 | ▲ 901% |
| Suppliers440/4 | €25,237 | €7,571 | €3,426 | €2,370 | €23,729 | ▲ 901% |
| Advances received on contracts in progress46 | €2,636 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €131,185 | €33,027 | €56,370 | €109,047 | €12,877 | ▼ 88.2% |
| Taxes450/3 | €48,974 | €10,891 | €33,100 | €93,040 | €5,221 | ▼ 94.4% |
| Remuneration and social security454/9 | €82,211 | €22,136 | €23,270 | €16,007 | €7,655 | ▼ 52.2% |
| Other amounts payable47/48 | €1.2m | €679,819 | €403,787 | €171,855 | €168,903 | ▼ 1.7% |
| Accrued charges and deferred income492/3 | €0 | - | €4,386 | €5,941 | €16,881 | ▲ 184% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.0m | €69,518 | €128,984 | €181,135 | €44,638 | ▼ 75.4% |
| + Depreciation and write-downs630 | €146,554 | €119,264 | €121,776 | €124,012 | €249,304 | ▲ 101% |
| Operating cash flow (approximation) | €1.2m | €188,782 | €250,760 | €305,148 | €293,942 | ▼ 3.7% |
| Investment in fixed assets (approximation) | - | -€67,490 | -€25,532 | €0 | -€1.0m | - |
| Change in cash | - | -€669,526 | €1,940 | €150,900 | -€276,184 | ▼ 283% |
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
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €44,638 ▼75.4%
Net result drops to €44,638, the lowest in the series.
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Highest result since 2019net €1.0m ▲1,291%
Operating result €1.4m, net result €1.0m, both a record.
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
11-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
14-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
13-01
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 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Izegem · 1 establishment unit since 1996
Ground area
1,378 m²
Building footprint
922 m²
Volume, LiDAR
4,089 m³
Parcel 36494D1019/00V004, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
BEKAFUN BVBA
since 19962.076.593.321
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D1019/00V004 | Flanders | 1,378 m² | 1 · 922 m² | 7.3 m · 1 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 holdingOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 1
-
23%
According to the annual accounts to 30-09-2025 of BKF Next 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 38 EUR awarded · 38 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 38 EUR | 38 EUR |
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Of 268 companies in sector 46474 we hold annual accounts for 181. 81 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-03-1996
Fiscal year end30-09
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
46474Wholesale trade
46190Agents in non-specialised wholesale trade
47540Retail sale of electrical household appliances
71121Engineering and related technical consultancy, excluding land surveyors
77222Rental and leasing activities
Contact
Phone
051312803
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457542763
Also
9925:BE0457542763
Registered
25-12-2025
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.