ACTIVE

CF Belgium

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Financial year 2025 · closed on 31/12/2025

Net result

39 k €

+7598.0% YoY

Gross margin

-6 k €

-140.5% YoY

Equity

514,6 k €

-2.1% YoY

What does CF Belgium do?

CF Belgium is a Private limited company incorporated in 2012. Its registered office is in Watermael-Boitsfort.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0846.106.452

Incorporation

23/05/2012

Legal form

Private limited company

Registered office

Square de l'Arbalète 6
1170 Watermael-Boitsfort · BruxellesSee on map

Contributed capital

57 500,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	-6 k €	-140%	14,9 k €	+1181%	-1,4 k €	+62.7%	-3,7 k €	+7.6%	-4 k €	-20.9%	-3,3 k €	+47.6%	-6,3 k €	-105%	121,9 k €	+2570%	-4,9 k €	-106%	88,7 k €	+627%	12,2 k €	+805%	-1,7 k €	+72.3%	-6,3 k €
EBITDA	-6 k €	-10874%	-55,1 €	+96.0%	-1,4 k €	+62.7%	-3,7 k €	+34.1%	-5,6 k €	-69.4%	-3,3 k €	+47.6%	-6,3 k €	-105%	121,9 k €	+2377%	-5,4 k €	-106%	88,3 k €	+686%	11,2 k €	+519%	-2,7 k €	+57.8%	-6,3 k €
Operating result	-6 k €	-10874%	-55,1 €	+96.0%	-1,4 k €	+62.7%	-3,7 k €	+34.1%	-5,6 k €	-69.4%	-3,3 k €	+47.6%	-6,3 k €	-105%	121,9 k €	+2189%	-5,8 k €	-107%	87,8 k €	+717%	10,7 k €	+501%	-2,7 k €	+57.8%	-6,3 k €
Net result	39 k €	+7598%	506,9 €	-84.4%	3,3 k €	-98.1%	174,7 k €	+746%	20,7 k €	+880%	-2,6 k €	+60.5%	-6,7 k €	-108%	82,6 k €	+1871%	4,2 k €	-94.3%	74 k €	+184%	26,1 k €	-5.9%	27,7 k €	-91.2%	313,7 k €
Balance sheet
Equity	514,6 k €	-2.1%	525,6 k €	+0.1%	525,1 k €	-15.6%	621,8 k €	+4.1%	597,1 k €	+3.6%	576,4 k €	-0.5%	579,1 k €	-1.1%	585,8 k €	+16.4%	503,2 k €	+0.8%	499 k €	+17.4%	425 k €	+6.5%	398,9 k €	+7.5%	371,2 k €
Total assets	571,7 k €	+8.7%	525,8 k €	-16.0%	626,3 k €	-20.5%	787,5 k €	+27.0%	620,3 k €	-10.9%	696 k €	-22.2%	894,2 k €	+12.7%	793,4 k €	+29.6%	612,2 k €	-0.2%	613,2 k €	+17.9%	520 k €	+8.0%	481,5 k €	+28.7%	374 k €
Cash	22,6 k €	+189%	7,8 k €	-91.9%	96,2 k €	-73.7%	365,4 k €	+1468%	23,3 k €	-78.1%	106,4 k €	+55.1%	68,6 k €	-76.0%	285,8 k €	+167%	106,9 k €	-22.7%	138,2 k €	+136%	58,5 k €	+88.8%	31 k €	-53.5%	66,7 k €
Debts	57,1 k €	+33690%	169 €	-99.8%	101,2 k €	-38.9%	165,7 k €	+613%	23,2 k €	-80.6%	119,6 k €	-62.1%	315,1 k €	+51.8%	207,6 k €	+90.4%	109 k €	-4.5%	114,2 k €	+20.2%	95 k €	+15.0%	82,6 k €	+2822%	2,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Croissance et Finances Autre

Director · since 16 mai 2012

Represented by Vincent Favier

Active

Ended mandates

Croissance et Finances

Manager · since 16 mai 2012

Represented by Vincent Favier

Ended

Croissance et Finances Autre

Manager · since 16 mai 2012

Represented by Vincent Favier

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	26/06/2026	01/07/2025	27/08/2024	22/08/2023	26/08/2022	30/08/2021
General meeting	19/06/2026	30/06/2025	26/08/2024	29/06/2023	17/08/2022	06/08/2021
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

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Filings

Annual accounts filings

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	19/06/2026	26/06/2026	French	PDF
Micro model	31/12/2024	30/06/2025	01/07/2025	French	PDF
Micro model	31/12/2023	26/08/2024	27/08/2024	French	PDF
Micro model	31/12/2022	29/06/2023	22/08/2023	French	PDF
Micro model	31/12/2021	17/08/2022	26/08/2022	French	PDF
Micro model	31/12/2020	06/08/2021	30/08/2021	French	PDF
Micro model	31/12/2019	30/06/2020	29/07/2020	French	PDF
Micro model	31/12/2018	28/06/2019	03/07/2019	French	PDF
Micro model	31/12/2017	29/06/2018	26/07/2018	French	PDF
Micro model	31/12/2016	30/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	31/08/2016	26/09/2016	French	PDF
Abridged model	31/12/2014	29/07/2015	05/08/2015	French	PDF
Abridged model	31/12/2013	01/06/2014	20/06/2014	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

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 · 2 ended

Active mandates

Croissance et Finances Autre

Director · since 16 mai 2012

Represented by Vincent Favier

Active

Ended mandates

Croissance et Finances

Manager · since 16 mai 2012

Represented by Vincent Favier

Ended

Croissance et Finances Autre

Manager · since 16 mai 2012

Represented by Vincent Favier

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/07/2026
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Registered office16/05/2018
SIEGE SOCIAL
PDF
Other04/06/2012
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

2025
Annual accounts 202539 k €↑
2024
Annual accounts 2024506,9 €↓
2023
Annual accounts 20233,3 k €↓
2022
Annual accounts 2022174,7 k €↑
2021
Annual accounts 202120,7 k €↑
2020
Annual accounts 2020-2,6 k €↑
2019
Annual accounts 2019-6,7 k €↓
2018
Annual accounts 201882,6 k €↑
2017
Annual accounts 20174,2 k €↓
2016
Annual accounts 201674 k €↑
2015
Annual accounts 201526,1 k €↓
2014
Annual accounts 201427,7 k €↓
2013
Annual accounts 2013313,7 k €
23/05/2012
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

CF Belgium

Overview

What does CF Belgium do?

Trend over 13 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