ACTIVE

Belfisco

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Financial year 2025 · Closed on 30/09/2025

Net result84,4 k €+1 017,3 %over 1 year

Gross margin452 k €+12,0 %over 1 year

Equity71,7 k €+0,6 %over 1 year

Workforce7,8 ETP-8,2 %over 1 year

Identity

Source · BCE/KBO

Belfisco is a Private limited company incorporated in 1992. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Liège. It employs on average 7,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0448.415.459
Incorporation: 09/10/1992
Legal form: Private limited company
Registered office: Quai des Vennes 18/20
4020 Liège · WallonieSee on map
Contributed capital: 43 454,20 €
Latest accounts: 30/09/2025
Average workforce: 7,8 ETP

Activities (NACE)

69201Accounting, bookkeeping and auditing activities; tax consultancy· main 69201Accounting, bookkeeping and auditing activities; tax consultancy 69202Accounting, bookkeeping and auditing activities; tax consultancy 74121Specialised design activities 74122Specialised design activities

Joint committees (1)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	452 k €	+12.0%	403,5 k €	-25.0%	538,3 k €	+17.1%	459,5 k €	+1.7%	452 k €
EBITDA	90,7 k €	+118%	41,6 k €	-78.0%	189,3 k €	-5.0%	199,2 k €	-3.7%	206,9 k €
Operating result	100,6 k €	+319%	24 k €	-84.3%	152,7 k €	+4.3%	146,5 k €	-2.7%	150,5 k €
Net result	84,4 k €	+1017%	7,6 k €	-94.6%	139 k €	+4.4%	133,1 k €	+0.1%	132,9 k €
Balance sheet
Equity	71,7 k €	+0.6%	71,2 k €	-0.1%	71,3 k €	-62.4%	189,7 k €	+7.4%	176,6 k €
Total assets	386,2 k €	+24.3%	310,8 k €	-34.3%	473,3 k €	-0.1%	474 k €	+7.2%	442,3 k €
Cash	38,2 k €	-28.6%	53,5 k €	-59.9%	133,3 k €	-13.8%	154,7 k €	+8.8%	142,2 k €
Debts	291,5 k €	+34.9%	216,1 k €	-42.9%	378,3 k €	+43.8%	263,1 k €	+8.8%	241,8 k €
Other
Workforce	7,8 ETP	-8.2%	8,5 ETP	+2.4%	8,3 ETP	+29.7%	6,4 ETP	+3.2%	6,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BELFI+0800.841.797Represented by Jean Claude M Johnen	Directorsince 17/04/2023
JBEC0800.840.908Represented by Jean François Belleflamme	Directorsince 17/04/2023

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Magali Cambron	Director29/12/2021 → 2022 accounts
Jean Claude M Johnen	Manager20/12/2017 → 2019 accounts
Jean-Claude JOHNEN	Manager20/12/2017 → 2018 accounts
Didier Demonceau	Director2022 accounts

Other companies at this address

Quai des Vennes 18/20 4020 Liège

Company	CBE no.
GSP HOLDING● Active	0893.960.314

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/01/2026	02/01/2025	18/01/2024	23/01/2023	08/01/2022	04/01/2021
General meeting	30/12/2025	02/01/2025	28/12/2023	30/12/2022	29/12/2021	30/12/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	30/12/2025	19/01/2026	French	PDF
Abridged model	30/09/2024	02/01/2025	02/01/2025	French	PDF
Abridged model	30/09/2023	28/12/2023	18/01/2024	French	PDF
Abridged model	30/09/2022	30/12/2022	23/01/2023	French	PDF
Abridged model	30/09/2021	29/12/2021	08/01/2022	French	PDF
Abridged model	30/09/2020	30/12/2020	04/01/2021	French	PDF
Micro model	30/09/2019	30/12/2019	31/12/2019	French	PDF
Micro model	30/09/2018	04/01/2019	14/01/2019	French	PDF
Micro model	30/09/2017	02/01/2018	02/01/2018	French	PDF
Abridged model	30/09/2016	28/12/2016	03/01/2017	French	PDF
Abridged model	30/09/2015	25/01/2016	26/01/2016	French	PDF
Abridged model	30/09/2014	20/01/2015	22/01/2015	French	PDF
Abridged model	30/09/2013	27/12/2013	27/12/2013	French	PDF
Abridged model	30/09/2012	28/12/2012	09/01/2013	French	PDF
Abridged model	30/09/2011	28/12/2011	30/12/2011	French	PDF
Abridged model	30/09/2010	29/12/2010	10/01/2011	French	PDF
Abridged model	30/09/2009	31/12/2009	04/01/2010	French	PDF
Abridged model	30/09/2008	26/12/2008	15/01/2009	French	PDF
Abridged model	30/09/2007	13/03/2008	17/03/2008	French	PDF
Abridged model	30/09/2006	19/12/2006	18/02/2008	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BELFI+0800.841.797Represented by Jean Claude M Johnen	Directorsince 17/04/2023
JBEC0800.840.908Represented by Jean François Belleflamme	Directorsince 17/04/2023

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Magali Cambron	Director29/12/2021 → 2022 accounts
Jean Claude M Johnen	Manager20/12/2017 → 2019 accounts
Jean-Claude JOHNEN	Manager20/12/2017 → 2018 accounts
Didier Demonceau	Director2022 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other23/02/2026
Changement représentant permanent
PDF
Registered office21/10/2025
Transfert du siège
PDF
Other20/04/2023
OBJET, STATUTS (TRADUCTION, COORDINATION, AUTRES
PDF
Mandates19/01/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates05/02/2018
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Capital / shares19/12/2013
AUGMENTATION DE CAPITAL - MODIFICATION AUX STATUTS
PDF
Capital / shares02/06/2009
MODIFICATION DE L'OBJET SOCIAL - AUGMENTATION DE CAPITAL -
PDF
Mandates22/07/2004
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

JBEC

BELFI+

Magali Cambron

Jean-Claude JOHNEN

Jean Claude M Johnen

Jean François J Belleflamme

Jean François Belleflamme

Didier Demonceau

Jean BELLEFLAMME

Didier Joseph Demonceau

19921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Belfisco

Quai des Vennes 18/20, 4020 Liège-4020Rue du Parc 37, 4020 Liège-4020

Director

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Quai des Vennes 18/20, 4020 Liège-4020Current	accounts 2025	Accounts 2025 · 2026-00009999
Rue du Parc 37, 4020 Liège-4020	accounts 2022 → 2024	Accounts 2024 · 2025-00629734

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BelfiscoCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00009999

Events

2025
Annual accounts 202584,4 k €↑
2024
Annual accounts 20247,6 k €↓
2023
Annual accounts 2023139 k €↑
2022
Annual accounts 2022133,1 k €↑
2021
Annual accounts 2021132,9 k €↓
2020
Annual accounts 2020146 k €↑
2019
Annual accounts 2019122,5 k €↑
2018
Annual accounts 201855,3 k €↓
2017
Annual accounts 201772 k €↑
2016
Annual accounts 201626,8 k €↓
2015
Annual accounts 201568,3 k €↓
2014
Annual accounts 201487,7 k €↑
2013
Annual accounts 201324,7 k €↑
2012
Annual accounts 201219,2 k €↓
2011
Annual accounts 201164,6 k €↑
2010
Annual accounts 201043,5 k €↑
2009
Annual accounts 200918,5 k €↓
2008
Annual accounts 200831,6 k €↑
2007
Annual accounts 20077,9 k €↓
2006
Annual accounts 200624,1 k €
09/10/1992
IncorporationPrivate limited company

Belfisco

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events