BELFI
0434.043.128 · rovalta.com · 23/09/2026
ACTIVE
BELFI
Financial year 2025 · closed on 31/12/2025
Net result
164,5 k €
+296.7% YoY
Revenue
656,4 k €
+5.5% YoY
Equity
3,3 M €
+21.1% YoY
Workforce
2,0 ETP
0.0% YoY
Overview
What does BELFI do?
BELFI is a Public limited company incorporated in 1988. Its registered office is in Kuurne. It employs on average 2,0 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0434.043.128
Incorporation
19/04/1988
Legal form
Public limited company
Registered office
Noordlaan 19
8520 Kuurne · FlandreSee on map
8520 Kuurne · FlandreSee on map
Contributed capital
228 324,88 €
Latest accounts
31/12/2025
Average workforce
2,0 ETP
Joint committees (3)
- 100
- 101
- 323
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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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 | |||||||||||||||||||||||||||||||||||||||
| Revenue | 656,4 k € | +5.5% | 622,5 k € | +49.4% | 416,7 k € | -0.0% | 416,9 k € | +7.5% | 387,7 k € | -16.6% | 465,1 k € | -28.3% | 648,5 k € | +9.7% | 591 k € | – | – | 511,2 k € | -1.2% | 517,3 k € | – | – | – | – | – | – | – | – | |||||||||||
| EBITDA | 511,3 k € | +36.3% | 375,1 k € | -89.6% | 3,6 M € | +1485% | 227,2 k € | +1007% | 20,5 k € | -92.1% | 258,8 k € | -2.1% | 264,4 k € | -5.5% | 279,9 k € | +15.6% | 242,1 k € | -1.3% | 245,3 k € | -5.3% | 258,9 k € | -2.8% | 266,3 k € | +7.0% | 248,8 k € | +14.8% | 216,8 k € | +26.0% | 172 k € | +0.9% | 170,5 k € | -0.9% | 172 k € | -3.7% | 178,6 k € | +10.3% | 161,9 k € | -9.9% | 179,6 k € |
| Operating result | 433,8 k € | +1091% | 36,4 k € | -99.0% | 3,6 M € | +2984% | 115,3 k € | +272% | -67 k € | -176% | 87,8 k € | +20.2% | 73,1 k € | -32.9% | 108,9 k € | +19.6% | 91 k € | +4.6% | 87 k € | -31.4% | 126,9 k € | -6.6% | 135,8 k € | +11.6% | 121,7 k € | +24.6% | 97,7 k € | +60.4% | 60,9 k € | +114% | 28,5 k € | -48.6% | 55,4 k € | -3.5% | 57,5 k € | -2.1% | 58,7 k € | -20.1% | 73,4 k € |
| Net result | 164,5 k € | +297% | -83,6 k € | -103% | 2,5 M € | +4512% | 55,2 k € | +160% | -91,8 k € | -3177% | -2,8 k € | -100% | 617,9 k € | +981% | 57,2 k € | +50.5% | 38 k € | -13.4% | 43,8 k € | -33.9% | 66,3 k € | -6.9% | 71,2 k € | +6.3% | 67 k € | +13.3% | 59,1 k € | -0.9% | 59,6 k € | +32.2% | 45,1 k € | -39.1% | 74,1 k € | +63.2% | 45,4 k € | -21.9% | 58,1 k € | -20.6% | 73,2 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 3,3 M € | +21.1% | 2,7 M € | -3.0% | 2,8 M € | +973% | 261,7 k € | +26.7% | 206,5 k € | -84.5% | 1,3 M € | -0.2% | 1,3 M € | +46.3% | 913,5 k € | -6.5% | 977,3 k € | +2.1% | 957,4 k € | +4.8% | 913,5 k € | -0.9% | 922,2 k € | -7.9% | 1 M € | +7.2% | 934 k € | +4.9% | 890,3 k € | -57.9% | 2,1 M € | +1.4% | 2,1 M € | +2.9% | 2 M € | +1.5% | 2 M € | +131% | 864,1 k € |
| Total assets | 4,7 M € | -37.7% | 7,6 M € | -23.8% | 10 M € | +125% | 4,4 M € | +53.6% | 2,9 M € | +45.2% | 2 M € | -12.2% | 2,3 M € | -0.4% | 2,3 M € | +16.3% | 2 M € | -2.6% | 2 M € | +9.4% | 1,8 M € | +1.3% | 1,8 M € | -5.0% | 1,9 M € | -0.3% | 1,9 M € | -7.0% | 2,1 M € | -11.9% | 2,3 M € | +1.6% | 2,3 M € | -0.7% | 2,3 M € | +4.4% | 2,2 M € | +103% | 1,1 M € |
| Cash | 12,7 k € | +121% | 5,7 k € | -59.1% | 14 k € | -40.9% | 23,7 k € | -16.0% | 28,2 k € | +85.2% | 15,2 k € | +35.2% | 11,3 k € | -22.7% | 14,6 k € | -57.9% | 34,6 k € | +508% | 5,7 k € | -68.3% | 18 k € | +67.7% | 10,7 k € | -2.7% | 11 k € | +0.0% | 11 k € | -75.2% | 44,4 k € | -92.4% | 584,2 k € | +23.5% | 473 k € | +30.9% | 361,3 k € | +1149% | 28,9 k € | +45.9% | 19,8 k € |
| Debts | 1,4 M € | -64.6% | 4,1 M € | -35.6% | 6,3 M € | +51.3% | 4,2 M € | +55.9% | 2,7 M € | +314% | 645 k € | -23.8% | 846 k € | -36.6% | 1,3 M € | +41.3% | 943,8 k € | -8.1% | 1 M € | +15.1% | 892,8 k € | +4.3% | 856 k € | -1.4% | 868 k € | -7.3% | 936,4 k € | -16.3% | 1,1 M € | +600% | 159,9 k € | +14.2% | 140 k € | -31.9% | 205,7 k € | +63.0% | 126,2 k € | +14.2% | 110,5 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 2,0 ETP | 0.0% | 2,0 ETP | 0.0% | 2,0 ETP | 0.0% | 2,0 ETP | 0.0% | 2,0 ETP | 0.0% | 2,0 ETP | 0.0% | 2,0 ETP | 0.0% | 2,0 ETP | 0.0% | 2,0 ETP | 0.0% | 2,0 ETP | 0.0% | 2,0 ETP | 0.0% | 2,0 ETP | +66.7% | 1,2 ETP | – | – | – | – | – | – | – | |||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 29 ended
Active mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
BOSSUYT GROOTKEUKEN● Active | 0476.185.470 |
Etablissementen Leon Bossuyt● Liquidation | 0405.390.714 |
VYBOSS● Active | 0747.677.483 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full 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 | 17/07/2026 | 03/07/2025 | 17/10/2024 | 30/08/2023 | 29/09/2022 | 29/09/2021 |
| General meeting | 01/06/2026 | 30/06/2025 | 30/09/2024 | 04/07/2023 | 31/08/2022 | 31/08/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 01/06/2026 | 17/07/2026 | Dutch | |
| Full model | 31/12/2024 | 30/06/2025 | 03/07/2025 | Dutch | |
| Full model | 31/12/2023 | 30/09/2024 | 17/10/2024 | Dutch | |
| Full model | 31/12/2022 | 04/07/2023 | 30/08/2023 | Dutch | |
| Full model | 31/12/2021 | 31/08/2022 | 29/09/2022 | Dutch | |
| Full model | 31/12/2020 | 31/08/2021 | 29/09/2021 | Dutch | |
| Full model | 31/12/2019 | 31/08/2020 | 29/10/2020 | Dutch | |
| Full model | 31/12/2018 | 24/09/2019 | 27/09/2019 | Dutch | |
| Abridged model | 31/12/2017 | 17/07/2018 | 30/08/2018 | Dutch | |
| Abridged model | 31/12/2016 | 29/08/2017 | 31/08/2017 | Dutch | |
| Full model | 31/12/2015 | 29/08/2016 | 31/08/2016 | Dutch | |
| Full model | 31/12/2014 | 18/08/2015 | 31/08/2015 | Dutch | |
| Abridged model | 31/12/2013 | 15/07/2014 | 25/07/2014 | Dutch | |
| Abridged model | 31/12/2012 | 15/07/2013 | 25/07/2013 | Dutch | |
| Abridged model | 31/12/2011 | 01/06/2012 | 18/07/2012 | Dutch | |
| Abridged model | 31/12/2010 | 01/06/2011 | 19/07/2011 | Dutch | |
| Abridged model | 31/12/2009 | 30/06/2010 | 20/07/2010 | Dutch | |
| Abridged model | 31/12/2008 | 02/06/2009 | 23/06/2009 | Dutch | |
| Abridged model | 31/12/2007 | 02/06/2008 | 17/07/2008 | Dutch | |
| Abridged model | 31/12/2006 | 25/06/2007 | 20/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 5 M€ and 10 M€
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 29 ended
Active mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other26/11/2025STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
- Mandates09/09/2025ONTSLAGEN - BENOEMINGEN
- Mandates18/06/2020ONTSLAGEN - BENOEMINGEN
- Mandates30/01/2020ONTSLAGEN - BENOEMINGEN
- Mandates20/09/2013ONTSLAGEN - BENOEMINGEN
- Capital / shares25/05/2011KAPITAAL - AANDELEN
- Mandates01/04/2011MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
- Mandates31/07/2007KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025164,5 k €↑
- 2024Annual accounts 2024-83,6 k €↓
- 2023Annual accounts 20232,5 M €↑
- 2022Annual accounts 202255,2 k €↑
- 2021Annual accounts 2021-91,8 k €↓
- 2020Annual accounts 2020-2,8 k €↓
- 2019Annual accounts 2019617,9 k €↑
- 2018Annual accounts 201857,2 k €↑
- 2017Annual accounts 201738 k €↓
- 2016Annual accounts 201643,8 k €↓
- 2015Annual accounts 201566,3 k €↓
- 2014Annual accounts 201471,2 k €↑
- 2013Annual accounts 201367 k €↑
- 2012Annual accounts 201259,1 k €↓
- 2011Annual accounts 201159,6 k €↑
- 2010Annual accounts 201045,1 k €↓
- 2009Annual accounts 200974,1 k €↑
- 2008Annual accounts 200845,4 k €↓
- 2007Annual accounts 200758,1 k €↓
- 2006Annual accounts 200673,2 k €
- 19/04/1988IncorporationPublic limited company