ACTIVE

B- FINANCES

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Financial year 2025 · closed on 31/12/2025

Net result

-22,9 k €

-786.6% YoY

Gross margin

-13,9 k €

-197.2% YoY

Equity

174 k €

-21.4% YoY

What does B- FINANCES do?

B- FINANCES is a Private limited company incorporated in 1979. Its main activity is: Buying and selling of own real estate. Its registered office is in Waterloo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0419.588.049

Incorporation

13/06/1979

Legal form

Private limited company

Registered office

Drève Richelle 161 box 48
1410 Waterloo · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 70120Activities of head offices 70200Management consultancy activities 70220Business and other management consultancy activities 73200Market research and public opinion polling+3

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-13,9 k €	-197%	14,3 k €	-86.0%	102,1 k €	+46.4%	69,8 k €	-11.2%	78,6 k €	+38.5%	56,7 k €	-36.0%	88,6 k €	-9.3%	97,7 k €	-41.9%	168,2 k €	-10.0%	186,8 k €	+10731%	1,7 k €	+131%	-5,6 k €	-153%	10,5 k €	+1036%	-1,1 k €	-218%	-352,7 €	+81.4%	-1,9 k €	-6.1%	-1,8 k €	+8.5%	-2 k €	-42.7%	-1,4 k €	-5.1%	-1,3 k €
EBITDA	-14,9 k €	-209%	13,7 k €	-86.5%	101,3 k €	+46.9%	69 k €	+23.4%	55,9 k €	-0.6%	56,2 k €	-35.0%	86,5 k €	-11.1%	97,2 k €	-41.9%	167,5 k €	-10.4%	186,8 k €	+10730%	1,7 k €	+129%	-6 k €	+94.8%	-114,4 k €	-10089%	-1,1 k €	-218%	-352,7 €	+81.4%	-1,9 k €	+28.2%	-2,6 k €	+5.9%	-2,8 k €	-26.3%	-2,2 k €	-3.1%	-2,2 k €
Operating result	-23,4 k €	-535%	5,4 k €	-94.3%	94,2 k €	+41.0%	66,8 k €	-10.9%	75 k €	+32.3%	56,7 k €	-33.5%	85,3 k €	+14.9%	74,2 k €	-55.4%	166,3 k €	-11.0%	186,8 k €	+10730%	1,7 k €	+129%	-6 k €	+94.8%	-114,4 k €	-10089%	-1,1 k €	-218%	-352,7 €	+81.4%	-1,9 k €	+28.2%	-2,6 k €	+5.9%	-2,8 k €	-26.3%	-2,2 k €	-3.1%	-2,2 k €
Net result	-22,9 k €	-787%	3,3 k €	-95.3%	70,3 k €	+40.6%	50 k €	-27.7%	69,1 k €	+34.1%	51,5 k €	-22.6%	66,6 k €	-15.1%	78,5 k €	-52.1%	163,7 k €	-9.0%	179,9 k €	+10420%	1,7 k €	+128%	-6,1 k €	+94.6%	-114,5 k €	-9535%	-1,2 k €	-185%	-416,8 €	+62.2%	-1,1 k €	+99.8%	-494,8 k €	-15627%	-3,1 k €	-101%	269 k €	+11632%	-2,3 k €
Balance sheet
Equity	174 k €	-21.4%	221,4 k €	-22.2%	284,7 k €	-2.8%	292,9 k €	-35.9%	456,6 k €	-13.1%	525,3 k €	+4.9%	500,7 k €	+15.3%	434,1 k €	+22.1%	355,6 k €	+85.3%	191,9 k €	+1496%	12 k €	+16.6%	10,3 k €	-37.3%	16,5 k €	-87.4%	131 k €	-0.9%	132,2 k €	-0.3%	132,6 k €	-0.8%	133,7 k €	-78.7%	628,5 k €	-0.5%	631,6 k €	-0.2%	632,6 k €
Total assets	234 k €	-27.7%	323,7 k €	-24.1%	426,6 k €	-20.8%	538,8 k €	-8.6%	589,4 k €	+4.4%	564,6 k €	+3.8%	544 k €	+12.3%	484,3 k €	+20.2%	402,8 k €	+72.0%	234,2 k €	+1472%	14,9 k €	+27.5%	11,7 k €	-32.7%	17,4 k €	-87.1%	134,5 k €	+1.2%	132,9 k €	-0.6%	133,8 k €	-0.8%	134,9 k €	-78.6%	629,8 k €	-30.2%	902,6 k €	+42.5%	633,5 k €
Cash	76,8 k €	-41.8%	132 k €	-49.3%	260,5 k €	-36.2%	408,2 k €	+1278%	29,6 k €	+112%	14 k €	-10.8%	15,7 k €	+24.2%	12,6 k €	-72.0%	45,1 k €	-44.1%	80,6 k €	+570%	12 k €	+1383%	811,8 €	-89.4%	7,7 k €	+179%	2,7 k €	+152%	1,1 k €	+387%	224,1 €	-83.0%	1,3 k €	-70.2%	4,4 k €	-68.6%	14,1 k €	-16.0%	16,8 k €
Debts	60 k €	-41.4%	102,3 k €	-27.9%	141,8 k €	-42.3%	245,9 k €	+85.2%	132,8 k €	+238%	39,3 k €	-9.1%	43,3 k €	-13.8%	50,2 k €	+6.5%	47,2 k €	+11.6%	42,3 k €	+1373%	2,9 k €	+110%	1,4 k €	+50.8%	905,3 €	-73.9%	3,5 k €	+369%	740 €	-37.3%	1,2 k €	+0.6%	1,2 k €	-7.4%	1,3 k €	-99.5%	271 k €	+29580%	913 €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 22 ended

Active mandates

Georges YANA

Director · since 15 mars 2016

Active

Ended mandates

Georges YANA

Manager · since 15 mars 2016

Ended

Georget YANA

Manager · since 15 mars 2016

Ended

ERIC ROZENBERG

Director · since 20 mars 2012 · until 15 mars 2016

Ended

ERIC ROZENBERG

Director · since 20 mars 2012 · until 30 mai 2018

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/08/2026	17/09/2025	04/07/2024	19/06/2023	17/06/2022	29/07/2021
General meeting	18/08/2026	16/09/2025	30/06/2024	25/05/2023	27/05/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	18/08/2026	21/08/2026	French	PDF
Micro model	31/12/2024	16/09/2025	17/09/2025	French	PDF
Micro model	31/12/2023	30/06/2024	04/07/2024	French	PDF
Micro model	31/12/2022	25/05/2023	19/06/2023	French	PDF
Micro model	31/12/2021	27/05/2022	17/06/2022	French	PDF
Micro model	31/12/2020	30/06/2021	29/07/2021	French	PDF
Micro model	31/12/2019	18/06/2020	01/07/2020	French	PDF
Micro model	31/12/2018	30/06/2019	12/08/2019	French	PDF
Micro model	31/12/2017	31/05/2018	08/08/2018	French	PDF
Micro model	31/12/2016	26/05/2017	22/08/2017	French	PDF
Abridged model	31/12/2015	26/05/2016	24/08/2016	French	PDF
Abridged model	31/12/2014	28/05/2015	02/07/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	14/08/2014	French	PDF
Abridged model	31/12/2012	30/05/2013	30/07/2013	French	PDF
Abridged model	31/12/2011	31/05/2012	26/07/2012	French	PDF
Abridged model	31/12/2010	26/05/2011	30/05/2011	French	PDF
Abridged model	31/12/2009	27/05/2010	17/06/2010	French	PDF
Abridged model	31/12/2008	28/05/2009	26/06/2009	French	PDF
Abridged model	31/12/2007	28/05/2008	28/08/2008	French	PDF
Abridged model	31/12/2006	31/05/2007	17/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 22 ended

Active mandates

Georges YANA

Director · since 15 mars 2016

Active

Ended mandates

Georges YANA

Manager · since 15 mars 2016

Ended

Georget YANA

Manager · since 15 mars 2016

Ended

ERIC ROZENBERG

Director · since 20 mars 2012 · until 15 mars 2016

Ended

ERIC ROZENBERG

Director · since 20 mars 2012 · until 30 mai 2018

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/06/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates18/04/2016
OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
PDF
Registered office21/02/2014
SIEGE SOCIAL
PDF
Mandates07/06/2012
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates28/02/2012
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates21/10/2008
DEMISSIONS, NOMINATIONS
PDF
Mandates31/08/2004
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-22,9 k €↓
2024
Annual accounts 20243,3 k €↓
2023
Annual accounts 202370,3 k €↑
2022
Annual accounts 202250 k €↓
2021
Annual accounts 202169,1 k €↑
2020
Annual accounts 202051,5 k €↓
2019
Annual accounts 201966,6 k €↓
2018
Annual accounts 201878,5 k €↓
2017
Annual accounts 2017163,7 k €↓
2016
Annual accounts 2016179,9 k €↑
2015
Annual accounts 20151,7 k €↑
2014
Annual accounts 2014-6,1 k €↑
2013
Annual accounts 2013-114,5 k €↓
2012
Annual accounts 2012-1,2 k €↓
2011
Annual accounts 2011-416,8 €↑
2010
Annual accounts 2010-1,1 k €↑
2009
Annual accounts 2009-494,8 k €↓
2008
Annual accounts 2008-3,1 k €↓
2007
Annual accounts 2007269 k €↑
2006
Annual accounts 2006-2,3 k €
13/06/1979
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

B- FINANCES

Overview

What does B- FINANCES do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline