CONFELIM
ActiveSummary
CONFELIM has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €104k and a net result of €31k. Equity is shrinking by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 18% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability47▲+2
Solvency27▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.04 against 0.24 in 2023; short-term debt: 5.1% and cash: 0.1% of total assets), and 98% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9715 sector peers (2024).
NBB · sector comparisonPosition among 9715 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
9 d early
2022
54 d early
2021
30 d late
2020
8 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€104k▲ 41.9%
2023 · €74k
2018: €208k
2019: €214k▲ +2.8% vs 2018
2020: €224k▲ +4.6% vs 2019highest in 7 years
2021: €52k▼ -76.7% vs 2020lowest in 7 years
2022: €120k▲ +130% vs 2021
2023: €74k▼ -38.5% vs 2022
2024: €104k▲ +41.9% vs 2023
2018 → 2024
Total assets
€5.31M▼ 1.8%
2023 · €5.41M
2018: €264k
2019: €243k▼ -7.7% vs 2018
2020: €231k▼ -5.3% vs 2019lowest in 7 years
2021: €3.68M▲ +1496% vs 2020
2022: €3.86M▲ +4.9% vs 2021
2023: €5.41M▲ +40.2% vs 2022highest in 7 years
2024: €5.31M▼ -1.8% vs 2023
2018 → 2024
Net result
€31k
2023 · €-46k
2018: €58k
2019: €6k▼ -89.8% vs 2018
2020: €10k▲ +66.1% vs 2019
2021: €-171k▼ -1854% vs 2020lowest in 7 years
2022: €68k▲ +139% vs 2021highest in 7 years
2023: €-46k▼ -168% vs 2022
2024: €31k▲ +167% vs 2023
2018 → 2024
Working capital
€-260k▼ 28.2%
2023 · €-203k
2018: €112k
2019: €108k▼ -3.6% vs 2018
2020: €120k▲ +11.4% vs 2019
2021: €296k▲ +147% vs 2020highest in 7 years
2022: €-100k▼ -134% vs 2021
2023: €-203k▼ -102% vs 2022
2024: €-260k▼ -28.2% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€224k-€52k▼ 76.7%€120k▲ 130%€74k▼ 38.5%€104k▲ 41.9%
2020: €224khighest in 5 years
2021: €52k▼ -76.7% vs 2020lowest in 5 years
2022: €120k▲ +130% vs 2021
2023: €74k▼ -38.5% vs 2022
2024: €104k▲ +41.9% vs 2023
Operating result€13k-€-149k€99k€7k▼ 92.7%€95k▲ 1,212%
2020: €13k
2021: €-149k▼ -1240% vs 2020lowest in 5 years
2022: €99k▲ +167% vs 2021highest in 5 years
2023: €7k▼ -92.7% vs 2022
2024: €95k▲ +1212% vs 2023
Net result€10k-€-171k€68k€-46k€31k
2020: €10k
2021: €-171k▼ -1854% vs 2020lowest in 5 years
2022: €68k▲ +139% vs 2021highest in 5 years
2023: €-46k▼ -168% vs 2022
2024: €31k▲ +167% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,212% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.31M
Fixed assets
€5.30M ▼ 0.8%
Current assets
€11k ▼ 83.0%
Equity and liabilities €5.31M
Equity
€104k ▲ 41.9%
Debt
€5.21M ▼ 2.4%
Debt's share of the balance-sheet total falls from 98.6% to 98.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€214k▲
2023 · €174k
Cash flow
€151k▲
2023 · €121k
Current ratio
0.04▼
2023 · 0.24
Debt to equity
49.86▼
2023 · 72.51
ROE
29.5%▲
2023 · -62.6%
ROA
0.6%▲
2023 · -0.9%
Interest coverage
3.36▲
2023 · 3.27
Debt ≤ 1 year
€271k▲
2023 · €267k
Debt > 1 year
€4.89M▼
2023 · €5.05M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€5.41M€5.31M▼
Fixed assets21/28€5.34M€5.30M▼
Tangible fixed assets22/27€5.34M€5.30M▼
Land and buildings22€5.31M€5.26M▼
Furniture and vehicles24€33k€34k▲
Other tangible fixed assets26-€9k
Current assets29/58€64k€11k▼
Amounts receivable within one year40/41€15k€2k▼
Trade receivables40€2k€2k▲
Other amounts receivable41€13k€18▼
Cash at bank and in hand54/58€26k€6k▼
Deferred charges and accrued income490/1€23k€3k▼
Equity and liabilities
Total equity and liabilities10/49€5.41M€5.31M▼
Equity10/15€74k€104k▲
Contributions10/11€19k€19k=
Reserves13€55k€86k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€3k€3k=
Distributable reserves133€52k€83k▲
Amounts payable17/49€5.34M€5.21M▼
Amounts payable after more than one year17€5.05M€4.89M▼
Financial debts170/4€5.05M€4.89M▼
Amounts payable within one year42/48€267k€271k▲
Current portion of amounts payable after more than one year42€261k€263k▲
Trade debts44€6k€7k▲
Suppliers440/4€6k€7k▲
Taxes, remuneration and social security45€3€595▲
Taxes450/3€3€595▲
Other amounts payable47/48-€307
Accrued charges and deferred income492/3€15k€43k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€167k€120k▼
Other operating charges640/8€23k€26k▲
Gross operating margin9900€197k€240k▲
Operating profit (loss)9901€7k€95k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€53k€64k▲
Recurring financial charges65€53k€64k▲
Profit (loss) for the period before taxes9903€-46k€31k▲
Profit (loss) for the period9904€-46k€31k▲
Profit (loss) for the period to be appropriated9905€-46k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-46k€31k▲
Transfer from equity791/2€46k€0▼
Transfer to equity691/2€0€31k▲
To other reserves6921€0€31k▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €257k | €85k | €167k | €120k | ▼ 28.3% |
| Other operating charges640/8 | - | €8k | €19k | €23k | €26k | ▲ 13.0% |
| Gross operating margin9900 | €23k | €116k | €204k | €197k | €240k | ▲ 21.9% |
| Operating profit (loss)9901 | €13k | €-149k | €99k | €7k | €95k | ▲ 1,212% |
| Financial income75/76B | - | - | - | - | €1 | - |
| Recurring financial income75 | - | - | - | - | €1 | - |
| Financial charges65/66B | - | €23k | €31k | €53k | €64k | ▲ 19.8% |
| Recurring financial charges65 | €30 | €23k | €31k | €53k | €64k | ▲ 19.8% |
| Profit (loss) for the period before taxes9903 | €13k | €-171k | €68k | €-46k | €31k | ▲ 167% |
| Income taxes67/77 | €3k | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €10k | €-171k | €68k | €-46k | €31k | ▲ 167% |
| Profit (loss) for the period to be appropriated9905 | €10k | €-171k | €68k | €-46k | €31k | ▲ 167% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €231k | €3.68M | €3.86M | €5.41M | €5.31M | ▼ 1.8% |
| Fixed assets21/28 | €104k | €3.19M | €3.69M | €5.34M | €5.30M | ▼ 0.8% |
| Tangible fixed assets22/27 | €104k | €3.19M | €3.69M | €5.34M | €5.30M | ▼ 0.8% |
| Land and buildings22 | - | €3.19M | €3.69M | €5.31M | €5.26M | ▼ 1.0% |
| Furniture and vehicles24 | - | - | - | €33k | €34k | ▲ 3.2% |
| Other tangible fixed assets26 | - | - | - | - | €9k | - |
| Current assets29/58 | €127k | €489k | €164k | €64k | €11k | ▼ 83.0% |
| Amounts receivable within one year40/41 | €17k | €235k | €49k | €15k | €2k | ▼ 84.3% |
| Trade receivables40 | - | - | - | €2k | €2k | ▲ 22.9% |
| Other amounts receivable41 | - | €235k | €49k | €13k | €18 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €108k | €251k | €112k | €26k | €6k | ▼ 78.1% |
| Deferred charges and accrued income490/1 | - | €3k | €3k | €23k | €3k | ▼ 87.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €231k | €3.68M | €3.86M | €5.41M | €5.31M | ▼ 1.8% |
| Equity10/15 | €224k | €52k | €120k | €74k | €104k | ▲ 41.9% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €205k | €34k | €101k | €55k | €86k | ▲ 56.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Tax-exempt reserves132 | - | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | - | €29k | €96k | €52k | €83k | ▲ 59.1% |
| Amounts payable17/49 | €7k | €3.63M | €3.74M | €5.34M | €5.21M | ▼ 2.4% |
| Amounts payable after more than one year17 | - | €3.43M | €3.47M | €5.05M | €4.89M | ▼ 3.2% |
| Financial debts170/4 | - | - | €3.47M | €5.05M | €4.89M | ▼ 3.2% |
| Other amounts payable178/9 | - | €3.43M | - | - | - | - |
| Amounts payable within one year42/48 | €7k | €193k | €265k | €267k | €271k | ▲ 1.5% |
| Current portion of amounts payable after more than one year42 | - | €189k | €259k | €261k | €263k | ▲ 0.9% |
| Trade debts44 | €4k | €4k | €6k | €6k | €7k | ▲ 13.4% |
| Suppliers440/4 | - | €4k | €6k | €6k | €7k | ▲ 13.4% |
| Taxes, remuneration and social security45 | - | €0 | - | €3 | €595 | ▲ 18,784% |
| Taxes450/3 | - | €0 | - | €3 | €595 | ▲ 18,784% |
| Other amounts payable47/48 | - | €0 | - | - | €307 | - |
| Accrued charges and deferred income492/3 | - | €111 | €0 | €15k | €43k | ▲ 188% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €-171k | €68k | €-46k | €31k | ▲ 167% |
| + Depreciation and write-downs630 | €2k | €257k | €85k | €167k | €120k | ▼ 28.3% |
| Operating cash flow (approximation) | €12k | €86k | €153k | €121k | €151k | ▲ 24.5% |
| Investment in fixed assets (approximation) | - | €-3.34M | €-590k | €-1.82M | €-75k | ▲ 95.9% |
| Change in cash | - | €143k | €-138k | €-86k | €-20k | ▲ 76.6% |
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
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
31-12
Financial
Equity above €100kEq €104k ▲41.9%
Equity rises from €74k to €104k.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €68k
Net result €68k after one loss-making year.
31-12
Financial
Equity above €100kEq €120k ▲130%
Equity rises from €52k to €120k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-171k
Net result drops to €-171k, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 18.10
Current ratio from 4.63 to 18.10; short-term debt falls from €30k to €7k.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
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, Ardooie · 1 establishment unit since 2017
Ground area
1.1 ha
Building footprint
267 m²
Volume, LiDAR
1,512 m³
Parcel 36001D0584/00D000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
CONFELIM
since 20172.267.333.230
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001D0584/00D000 | Flanders | 1.1 ha | 1 · 267 m² | 10.0 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.
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 3,812 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
Founded30-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.