ACTIVE

BELFIN

Financial year 2025 · closed on 31/12/2025
Net result
-1,1 k €
+91.3% YoY
Gross margin
30,7 k €
+35.4% YoY
Equity
19,6 k €
-5.3% YoY

What does BELFIN do?

BELFIN is a Public limited company incorporated in 2019. Its registered office is in Verviers.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0735.648.790
Incorporation
03/10/2019
Legal form
Public limited company
Registered office
Avenue André Ernst 3 box a
4800 Verviers · WallonieSee on map
Contributed capital
100 000,00 €
Latest accounts
31/12/2025
Signals
Positive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Gross margin30,7 k €22,7 k €-8,3 k €-4,5 k €7 k €-7,8 k €
EBITDA27,5 k €19,6 k €-11,2 k €-8,2 k €-4,5 k €-9,2 k €
Operating result3,8 k €-7,6 k €-28,6 k €-8,2 k €-4,5 k €-9,2 k €
Net result-1,1 k €-12,8 k €-33,5 k €-13,8 k €-8,9 k €-10,3 k €
Balance sheet
Equity19,6 k €20,7 k €33,5 k €67 k €80,8 k €89,7 k €
Total assets459,3 k €472 k €494,7 k €476,6 k €492,4 k €456,8 k €
Cash13,3 k €4,1 k €1,9 k €22 k €55,1 k €255,7 k €
Debts439,7 k €451,3 k €461,2 k €406,7 k €411,1 k €367,1 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Nicolas CHRONIS

Director · since 13 mai 2025 · until 13 mai 2031

Active

Ended mandates

MARON INSURANCE GROUP

Director · since 01 octobre 2019 · 0844.588.106

Represented by Julian MARON

Ended
MARON INSURANCE GROUP

Director · since 01 octobre 2019 · until 14 décembre 2021 · 0844.588.106

Represented by Julian MARON

Ended
Nicolas CHRONIS

Director · since 01 octobre 2019 · until 13 mai 2025

Ended
Nicolas CHRONIS

Director · since 01 octobre 2019

Ended
At this address

Other companies at this address

CompanyCBE no.
Spabello RacingLiquidation
0457.478.328
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202103/10/2019
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 months15 months
Filing date25/06/202614/07/202507/10/202421/09/202314/10/202223/12/2021
General meeting12/05/202613/05/202504/10/202409/05/202310/05/202211/05/2021
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

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202512/05/202625/06/2026FrenchPDF
Micro model31/12/202413/05/202514/07/2025FrenchPDF
Micro model31/12/202304/10/202407/10/2024FrenchPDF
Micro model31/12/202209/05/202321/09/2023FrenchPDF
Micro model31/12/202110/05/202214/10/2022FrenchPDF
Abridged model31/12/202011/05/202123/12/2021FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 4 ended

Active mandates

Nicolas CHRONIS

Director · since 13 mai 2025 · until 13 mai 2031

Active

Ended mandates

MARON INSURANCE GROUP

Director · since 01 octobre 2019 · 0844.588.106

Represented by Julian MARON

Ended
MARON INSURANCE GROUP

Director · since 01 octobre 2019 · until 14 décembre 2021 · 0844.588.106

Represented by Julian MARON

Ended
Nicolas CHRONIS

Director · since 01 octobre 2019 · until 13 mai 2025

Ended
Nicolas CHRONIS

Director · since 01 octobre 2019

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates05/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/09/2022
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office12/01/2021
    SIEGE SOCIAL
    PDF
  • Capital / shares14/07/2020
    CAPITAL, ACTIONS - DIVERS
    PDF
  • Other07/10/2019
    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 2025-1,1 k €
  2. 2024
    Annual accounts 2024-12,8 k €
  3. 2023
    Annual accounts 2023-33,5 k €
  4. 2022
    Annual accounts 2022-13,8 k €
  5. 2021
    Annual accounts 2021-8,9 k €
  6. 2020
    Annual accounts 2020-10,3 k €
  7. 03/10/2019
    IncorporationPublic limited company