ACTIVE

BFUND

Financial year 2025 · closed on 31/12/2025
Net result
-200,2 k €
+14.0% YoY
Gross margin
-16,1 k €
-179.9% YoY
Equity
-759 k €
-35.8% YoY

What does BFUND do?

BFUND is a Public limited company incorporated in 2014. Its main activity is: Buying and selling of own real estate. Its registered office is in Chaudfontaine.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0545.874.824
Incorporation
07/02/2014
Legal form
Public limited company
Registered office
Voie de l'Air Pur 71 box 4
4052 Chaudfontaine · WallonieSee on map
Contributed capital
63 000,00 €
Latest accounts
31/12/2025
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201920182017201620152014
Income statement
Gross margin-16,1 k €-5,7 k €-15,4 k €390,8 k €-22,3 k €10,5 k €-35,3 k €-29,9 k €-74,5 k €-65,7 k €5,3 k €21,4 k €
EBITDA-16,3 k €-25,5 k €-50,9 k €390,2 k €-24 k €10,1 k €-36,2 k €-30,1 k €-76,7 k €-78,4 k €3,3 k €19,2 k €
Operating result-16,3 k €-25,5 k €-50,9 k €390,2 k €-24 k €10,1 k €-36,2 k €-30,1 k €-76,7 k €-78,4 k €-11,4 k €-69,7 k €
Net result-200,2 k €-232,9 k €-227,5 k €279,2 k €-85,7 k €-66,7 k €-104,7 k €-93,8 k €-128 k €197 k €-68,1 k €-90,5 k €
Balance sheet
Equity-759 k €-558,8 k €-325,9 k €-98,4 k €-377,6 k €-291,8 k €-225,1 k €-120,4 k €-26,6 k €101,4 k €-95,6 k €-27,5 k €
Total assets3,7 M €3,5 M €3,1 M €3,1 M €3,1 M €3 M €3 M €2,7 M €2,4 M €1,4 M €1,6 M €1,2 M €
Cash3,1 k €3 k €30,2 k €528,9 k €402,6 k €415,3 k €410 k €418,1 k €416,7 k €506 k €428 k €34,1 k €
Debts4,5 M €4,1 M €3,3 M €3,2 M €3,5 M €3,3 M €3,2 M €2,8 M €2,4 M €1,3 M €1,7 M €1,2 M €
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 3 ended

Active mandates

Christophe CHENIAUX

Director

Active
Giovanni ROTOLO

Managing director

Active
SAMART SA

Director

Active
Thierry COURTOIS

Director

Active

Ended mandates

Christophe CHENIAUX

Director · since 22 mai 2015 · until 22 mai 2021

Ended
Giovanni ROTOLO

Managing director · since 22 mai 2015 · until 22 mai 2021

Ended
SAMART

Director

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/07/202625/08/202520/06/202411/07/202325/07/202216/08/2021
General meeting30/05/202631/05/202525/05/202429/06/202330/06/202224/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/05/202627/07/2026FrenchPDF
Micro model31/12/202431/05/202525/08/2025FrenchPDF
Micro model31/12/202325/05/202420/06/2024FrenchPDF
Micro model31/12/202229/06/202311/07/2023FrenchPDF
Micro model31/12/202130/06/202225/07/2022FrenchPDF
Micro model31/12/202024/06/202116/08/2021FrenchPDF
Micro model31/12/201925/06/202019/08/2020FrenchPDF
Micro model31/12/201827/06/201931/07/2019FrenchPDF
Micro model31/12/201728/06/201822/08/2018FrenchPDF
Micro model31/12/201629/06/201722/08/2017FrenchPDF
Abridged model31/12/201530/06/201623/08/2016FrenchPDF
Abridged model31/12/201425/06/201525/08/2015FrenchPDF
Estimate

Indicative valuation

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 · 4 active · 3 ended

Active mandates

Christophe CHENIAUX

Director

Active
Giovanni ROTOLO

Managing director

Active
SAMART SA

Director

Active
Thierry COURTOIS

Director

Active

Ended mandates

Christophe CHENIAUX

Director · since 22 mai 2015 · until 22 mai 2021

Ended
Giovanni ROTOLO

Managing director · since 22 mai 2015 · until 22 mai 2021

Ended
SAMART

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office17/03/2026
    SIEGE SOCIAL
    PDF
  • Restructuring31/01/2023
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring28/11/2022
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates01/12/2021
    DEMISSIONS, NOMINATIONS - SIEGE SOCIAL
    PDF
  • Mandates18/09/2015
    DEMISSIONS, NOMINATIONS
    PDF
  • Other18/02/2014
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 2025-200,2 k €
  2. 2024
    Annual accounts 2024-232,9 k €
  3. 2023
    Annual accounts 2023-227,5 k €
  4. 2022
    Annual accounts 2022279,2 k €
  5. 2021
    Annual accounts 2021-85,7 k €
  6. 2020
    Annual accounts 2020-66,7 k €
  7. 2019
    Annual accounts 2019-104,7 k €
  8. 2018
    Annual accounts 2018-93,8 k €
  9. 2017
    Annual accounts 2017-128 k €
  10. 2016
    Annual accounts 2016197 k €
  11. 2015
    Annual accounts 2015-68,1 k €
  12. 2014
    Annual accounts 2014-90,5 k €
  13. 07/02/2014
    IncorporationPublic limited company