BNFT
ActiveSummary
BNFT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€35,976) and a net result of €21,456. Equity is shrinking by ~27.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 1917 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+45
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.16 against 0.3 in 2024; short-term debt: 164.1% and cash: 14.3% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more 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 2025Solvency, return and age of the figures
Solvency
-64.2%
Return on assets
38.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1917 sector peers (2025).
NBB · sector comparisonPosition among 1917 sector peers
Solvency
better than 5%
← weakest
strongest →
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
15 d early
2023
on the day
2022
14 d early
2021
60 d late
2020
2 d early
2019
23 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 2 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 17 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€21,456▲ 440%
2024 · €3,973
Working capital
-€76,856▲ 14.5%
2024 · -€89,857
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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
Operating result€183-€9,132-€35,152▼ 285%€7,068€24,402▲ 245%
Net result€1,427below the sector's middle half-€11,559below the sector's middle half-€37,554below the sector's middle half▼ 225%€3,973within the sector's middle half€21,456within the sector's middle half▲ 440%
Equity-€12,293below the sector's middle half▲ 10.4%-€23,852below the sector's middle half▼ 94.0%-€61,405below the sector's middle half▼ 157%-€57,432below the sector's middle half▲ 6.5%-€35,976below the sector's middle half▲ 37.4%
Total assets€110,645below the sector's middle half▼ 4.8%€103,403within the sector's middle half▼ 6.5%€69,601below the sector's middle half▼ 32.7%€81,964below the sector's middle half▲ 17.8%€56,014below the sector's middle half▼ 31.7%
Debt€122,938▼ 5.4%€127,255▲ 3.5%€131,006▲ 2.9%€139,396▲ 6.4%€91,990▼ 34.0%
Working capital-€37,060below the sector's middle half▼ 3.9%-€51,786below the sector's middle half▼ 39.7%-€86,610below the sector's middle half▼ 67.2%-€89,857below the sector's middle half▼ 3.7%-€76,856below the sector's middle half▲ 14.5%
Solvency-11.1%below the sector's middle half▲ 0.7pp-23.1%below the sector's middle half▼ 12.0pp-88.2%below the sector's middle half▼ 65.2pp-70.1%below the sector's middle half▲ 18.2pp-64.2%below the sector's middle half▲ 5.8pp
Current ratio0.62below the sector's middle half▼ 0.020.52below the sector's middle half▼ 0.100.23below the sector's middle half▼ 0.290.30below the sector's middle half▲ 0.070.16below the sector's middle half▼ 0.14
Return on assets (ROA)1.3%within the sector's middle half▲ 8.8pp-11.2%below the sector's middle half▼ 12.5pp-54.0%below the sector's middle half▼ 42.8pp4.8%within the sector's middle half▲ 58.8pp38.3%above the sector's middle half▲ 33.5pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 245% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €56,014
Fixed assets
€40,947 ▼ 4.5%
Current assets
€15,067 ▼ 61.5%
Key figures and ratios
EBITDA
€30,048▲
2024 · €11,319
Cash flow
€27,102▲
2024 · €8,224
Quick ratio
0.12▼
2024 · 0.28
Debt to equity
-2.56▼
2024 · -2.43
Interest coverage
10.18▲
2024 · 3.66
Debt ≤ 1 year
€91,923▼
2024 · €128,966
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,798 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,800 | €3,800 | €3,800 | €4,251 | €5,646 | ▲ 32.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €29,817 | - | - | - |
| Other operating charges640/8 | €3 | €336 | €2,040 | €2,232 | €2,465 | ▲ 10.4% |
| Non-recurring operating charges66A | - | €125 | - | - | - | - |
| Gross operating margin9900 | €3,986 | -€4,871 | €506 | €13,551 | €32,513 | ▲ 140% |
| Operating profit (loss)9901 | €183 | -€9,132 | -€35,152 | €7,068 | €24,402 | ▲ 245% |
| Financial income75/76B | €3,750 | - | - | €0 | €6 | ▲ 1,122% |
| Recurring financial income75 | €0 | - | - | €0 | €6 | ▲ 1,122% |
| Non-recurring financial income76B | €3,750 | - | - | - | - | - |
| Financial charges65/66B | €2,506 | €2,426 | €2,402 | €3,095 | €2,951 | ▼ 4.7% |
| Recurring financial charges65 | €2,456 | €2,376 | €2,402 | €3,095 | €2,951 | ▼ 4.7% |
| Non-recurring financial charges66B | €50 | €50 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €1,427 | -€11,559 | -€37,554 | €3,973 | €21,456 | ▲ 440% |
| Profit (loss) for the period9904 | €1,427 | -€11,559 | -€37,554 | €3,973 | €21,456 | ▲ 440% |
| Profit (loss) for the period to be appropriated9905 | €1,427 | -€11,559 | -€37,554 | €3,973 | €21,456 | ▲ 440% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €110,645 | €103,403 | €69,601 | €81,964 | €56,014 | ▼ 31.7% |
| Fixed assets21/28 | €50,805 | €47,005 | €43,205 | €42,854 | €40,947 | ▼ 4.5% |
| Tangible fixed assets22/27 | €50,805 | €47,005 | €43,205 | €42,854 | €40,947 | ▼ 4.5% |
| Land and buildings22 | €50,805 | €46,570 | €42,988 | €39,406 | €35,823 | ▼ 9.1% |
| Plant, machinery and equipment23 | - | €435 | €218 | €1,724 | €3,183 | ▲ 84.6% |
| Furniture and vehicles24 | - | - | - | €1,724 | €1,941 | ▲ 12.5% |
| Current assets29/58 | €59,839 | €56,398 | €26,395 | €39,109 | €15,067 | ▼ 61.5% |
| Stocks and contracts in progress3 | €56,120 | €54,567 | €24,750 | €2,550 | €4,011 | ▲ 57.3% |
| Stocks30/36 | €56,120 | €54,567 | €24,750 | €2,550 | €4,011 | ▲ 57.3% |
| Amounts receivable within one year40/41 | €12 | €347 | €1,645 | €34,739 | €1,219 | ▼ 96.5% |
| Trade receivables40 | - | €335 | €351 | €6,442 | €695 | ▼ 89.2% |
| Other amounts receivable41 | €12 | €12 | €1,294 | €28,297 | €524 | ▼ 98.1% |
| Cash at bank and in hand54/58 | €3,707 | €1,483 | - | - | €8,003 | - |
| Deferred charges and accrued income490/1 | - | - | - | €1,820 | €1,834 | ▲ 0.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €110,645 | €103,403 | €69,601 | €81,964 | €56,014 | ▼ 31.7% |
| Equity10/15 | -€12,293 | -€23,852 | -€61,405 | -€57,432 | -€35,976 | ▲ 37.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €200 | €200 | €200 | €200 | €200 | = |
| Non-distributable reserves130/1 | €200 | €200 | €200 | - | - | - |
| Legal reserve130 | €200 | €200 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €200 | - | - | - |
| Distributable reserves133 | - | - | - | €200 | €200 | = |
| Profit (loss) carried forward14 | -€31,093 | -€42,652 | -€80,205 | -€76,232 | -€54,776 | ▲ 28.1% |
| Amounts payable17/49 | €122,938 | €127,255 | €131,006 | €139,396 | €91,990 | ▼ 34.0% |
| Amounts payable after more than one year17 | €26,039 | €19,071 | €17,167 | €8,804 | - | - |
| Financial debts170/4 | €26,039 | €19,071 | €17,167 | €8,804 | - | - |
| Amounts payable within one year42/48 | €96,899 | €108,184 | €113,006 | €128,966 | €91,923 | ▼ 28.7% |
| Current portion of amounts payable after more than one year42 | €10,326 | €13,587 | €7,944 | €9,120 | €9,517 | ▲ 4.4% |
| Financial debts43 | €160 | €3,814 | €3,438 | €1,080 | - | - |
| Credit institutions430/8 | €160 | €3,814 | €3,438 | €1,080 | - | - |
| Trade debts44 | €1,209 | €1,175 | €594 | €7,920 | €928 | ▼ 88.3% |
| Suppliers440/4 | €1,209 | €1,175 | €594 | €7,920 | €928 | ▼ 88.3% |
| Taxes, remuneration and social security45 | €56,005 | €55,737 | - | €53 | €1,244 | ▲ 2,270% |
| Taxes450/3 | €268 | - | - | €53 | €1,244 | ▲ 2,270% |
| Remuneration and social security454/9 | €55,737 | €55,737 | - | - | - | - |
| Other amounts payable47/48 | €29,199 | €33,872 | €101,030 | €110,793 | €80,234 | ▼ 27.6% |
| Accrued charges and deferred income492/3 | - | - | €833 | €1,626 | €67 | ▼ 95.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,427 | -€11,559 | -€37,554 | €3,973 | €21,456 | ▲ 440% |
| + Depreciation and write-downs630 | €3,800 | €3,800 | €3,800 | €4,251 | €5,646 | ▲ 32.8% |
| Operating cash flow (approximation) | €5,227 | -€7,759 | -€33,754 | €8,224 | €27,102 | ▲ 230% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,900 | -€3,739 | ▲ 4.1% |
| Change in cash | - | -€2,224 | - | - | - | - |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €21,456 ▲440%
Operating result €24,402, net result €21,456, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €3,973
Net result €3,973 after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€37,554
Net result drops to -€37,554, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 60 days late
2021
31-12
Financial
Back to profitnet €1,427
Net result €1,427 after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €11,324
Net result €11,324 after one loss-making year.
Show earlier events
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
2 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, Charleroi · 1 establishment unit since 2002
Ground area
1,037 m²
Building footprint
153 m²
Volume, LiDAR
1,264 m³
2 parcels, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BNINOX
since 20022.099.149.977
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52034B0400/00C003 | Wallonia | 690 m² | 1 · 100 m² | 10.4 m · 3 fl. |
| 52040A0144/00W000 | Wallonia | 347 m² | 1 · 52 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,984 companies in sector 25110 we hold annual accounts for 2,146. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-06-2002
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25401Forging of metal
43230Insulation installation
74130Interior design
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477799135
Registered
18-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.