BF CONCEPT
ActiveSummary
BF CONCEPT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.57M and a net result of €22k. Equity is shrinking by ~3.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▼-26
Solvency43▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity short (current ratio 0.3 against 0.26 in 2024; short-term debt: 82.3% and cash: 2.1% of total assets), and 82.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17.7%
Return on assets
0.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.57M
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
19 d late
2024
28 d early
2023
6 d early
2022
45 d early
2021
25 d early
2020
47 d late
2019
10 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€22k▼ 95.8%
2024 · €529k
2018: €-64k
2019: €-67k▼ -4.5% vs 2018
2020: €-76k▼ -12.3% vs 2019
2021: €-79k▼ -4.7% vs 2020lowest in 8 years
2022: €-64k▲ +19.4% vs 2021
2023: €-23k▲ +63.3% vs 2022
2024: €529k▲ +2360% vs 2023highest in 8 years
2025: €22k▼ -95.8% vs 2024
2018 → 2025
Working capital
€-5.07M▼ 9.4%
2024 · €-4.63M
2018: €-1.32M
2019: €-1.32M▲ +0.3% vs 2018highest in 8 years
2020: €-1.69M▼ -28.5% vs 2019
2021: €-1.90M▼ -12.6% vs 2020
2022: €-5.47M▼ -187% vs 2021
2023: €-5.90M▼ -7.9% vs 2022lowest in 8 years
2024: €-4.63M▲ +21.5% vs 2023
2025: €-5.07M▼ -9.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.10M-€1.04M▼ 5.8%€1.02M▼ 2.2%€1.55M▲ 52.0%€1.57M▲ 1.5%
2021: €1.10M
2022: €1.04M▼ -5.8% vs 2021
2023: €1.02M▼ -2.2% vs 2022lowest in 5 years
2024: €1.55M▲ +52.0% vs 2023
2025: €1.57M▲ +1.5% vs 2024highest in 5 years
Operating result€-65k-€-57k▲ 11.4%€-52k▲ 9.5%€499k€-54k
2021: €-65klowest in 5 years
2022: €-57k▲ +11.4% vs 2021
2023: €-52k▲ +9.5% vs 2022
2024: €499k▲ +1059% vs 2023highest in 5 years
2025: €-54k▼ -111% vs 2024
Net result€-79k-€-64k▲ 19.4%€-23k▲ 63.3%€529k€22k▼ 95.8%
2021: €-79klowest in 5 years
2022: €-64k▲ +19.4% vs 2021
2023: €-23k▲ +63.3% vs 2022
2024: €529k▲ +2360% vs 2023highest in 5 years
2025: €22k▼ -95.8% vs 2024
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €54k after €499k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.84M
Fixed assets
€6.64M ▲ 7.4%
Current assets
€2.20M ▲ 32.6%
Equity and liabilities €8.84M
Equity
€1.57M ▲ 1.5%
Debt
€7.27M ▲ 15.5%
Debt's share of the balance-sheet total rises from 80.3% to 82.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37k▼
2024 · €589k
Cash flow
€114k▼
2024 · €620k
Current ratio
0.30▲
2024 · 0.26
Debt to equity
4.63▲
2024 · 4.07
ROE
1.4%▼
2024 · 34.2%
ROA
0.3%▼
2024 · 6.7%
Interest coverage
3.78▼
2024 · 31.77
Debt ≤ 1 year
€7.27M▲
2024 · €6.30M
Income taxes
€11k▼
2024 · €34k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.84M€8.84M▲
Fixed assets21/28€6.18M€6.64M▲
Tangible fixed assets22/27€2.63M€2.58M▼
Land and buildings22€2.63M€2.58M▼
Financial fixed assets28€3.55M€4.06M▲
Current assets29/58€1.66M€2.20M▲
Amounts receivable within one year40/41-€18k
Other amounts receivable41-€18k
Current investments50/53€1.00M€2.00M▲
Cash at bank and in hand54/58€662k€185k▼
Deferred charges and accrued income490/1€228-
Equity and liabilities
Total equity and liabilities10/49€7.84M€8.84M▲
Equity10/15€1.55M€1.57M▲
Contributions10/11€1.25M€1.25M=
Capital10€1.25M€1.25M=
Issued capital100€1.25M€1.25M=
Reserves13€21k€21k=
Non-distributable reserves130/1€21k€21k=
Legal reserve130€21k€21k=
Profit (loss) carried forward14€276k€298k▲
Amounts payable17/49€6.30M€7.27M▲
Amounts payable within one year42/48€6.30M€7.27M▲
Trade debts44€163€2k▲
Suppliers440/4€163€2k▲
Taxes, remuneration and social security45€9k€9k=
Taxes450/3€9k€9k=
Other amounts payable47/48€6.29M€7.26M▲
Income statement
Code20242025
Non-recurring operating income76A€534k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€91k€91k▲
Other operating charges640/8€16k€13k▼
Gross operating margin9900€605k€51k▼
Operating profit (loss)9901€499k€-54k▼
Financial income75/76B€83k€97k▲
Recurring financial income75€83k€97k▲
Financial charges65/66B€19k€10k▼
Recurring financial charges65€19k€10k▼
Profit (loss) for the period before taxes9903€563k€33k▼
Income taxes67/77€34k€11k▼
Profit (loss) for the period9904€529k€22k▼
Profit (loss) for the period to be appropriated9905€529k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€276k€298k▲
Profit (loss) brought forward from the previous period14P€-253k€276k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €534k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €43k | €20k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €125k | €135k | €131k | €91k | €91k | ▲ 0.5% |
| Other operating charges640/8 | €9k | €10k | €20k | €16k | €13k | ▼ 17.1% |
| Gross operating margin9900 | €69k | €87k | €99k | €605k | €51k | ▼ 91.6% |
| Operating profit (loss)9901 | €-65k | €-57k | €-52k | €499k | €-54k | ▼ 111% |
| Financial income75/76B | €3k | €6k | €49k | €83k | €97k | ▲ 16.5% |
| Recurring financial income75 | €3k | €6k | €49k | €83k | €97k | ▲ 16.5% |
| Financial charges65/66B | €13k | €12k | €20k | €19k | €10k | ▼ 46.7% |
| Recurring financial charges65 | €13k | €12k | €20k | €19k | €10k | ▼ 46.7% |
| Profit (loss) for the period before taxes9903 | €-74k | €-64k | €-23k | €563k | €33k | ▼ 94.1% |
| Income taxes67/77 | €5k | - | - | €34k | €11k | ▼ 68.3% |
| Profit (loss) for the period9904 | €-79k | €-64k | €-23k | €529k | €22k | ▼ 95.8% |
| Profit (loss) for the period to be appropriated9905 | €-79k | €-64k | €-23k | €529k | €22k | ▼ 95.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.01M | €7.43M | €7.54M | €7.84M | €8.84M | ▲ 12.7% |
| Fixed assets21/28 | €3.74M | €7.22M | €7.11M | €6.18M | €6.64M | ▲ 7.4% |
| Tangible fixed assets22/27 | €3.74M | €3.67M | €3.56M | €2.63M | €2.58M | ▼ 1.7% |
| Land and buildings22 | €3.74M | €3.67M | €3.56M | €2.63M | €2.58M | ▼ 1.7% |
| Financial fixed assets28 | - | €3.55M | €3.55M | €3.55M | €4.06M | ▲ 14.2% |
| Current assets29/58 | €277k | €209k | €425k | €1.66M | €2.20M | ▲ 32.6% |
| Amounts receivable within one year40/41 | €7k | €6k | €20k | - | €18k | - |
| Other amounts receivable41 | €7k | €6k | €20k | - | €18k | - |
| Current investments50/53 | €95k | - | - | €1.00M | €2.00M | ▲ 100% |
| Cash at bank and in hand54/58 | €172k | €203k | €405k | €662k | €185k | ▼ 72.1% |
| Deferred charges and accrued income490/1 | €3k | - | - | €228 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.01M | €7.43M | €7.54M | €7.84M | €8.84M | ▲ 12.7% |
| Equity10/15 | €1.10M | €1.04M | €1.02M | €1.55M | €1.57M | ▲ 1.5% |
| Contributions10/11 | €1.25M | €1.25M | €1.25M | €1.25M | €1.25M | = |
| Capital10 | €1.25M | €1.25M | €1.25M | €1.25M | €1.25M | = |
| Issued capital100 | €1.25M | €1.25M | €1.25M | €1.25M | €1.25M | = |
| Reserves13 | €21k | €21k | €21k | €21k | €21k | = |
| Non-distributable reserves130/1 | €21k | €21k | €21k | €21k | €21k | = |
| Legal reserve130 | €21k | €21k | €21k | €21k | €21k | = |
| Profit (loss) carried forward14 | €-166k | €-230k | €-253k | €276k | €298k | ▲ 8.1% |
| Amounts payable17/49 | €2.91M | €6.39M | €6.52M | €6.30M | €7.27M | ▲ 15.5% |
| Amounts payable after more than one year17 | €726k | €707k | €189k | - | - | - |
| Financial debts170/4 | €726k | €707k | €189k | - | - | - |
| Amounts payable within one year42/48 | €2.18M | €5.68M | €6.33M | €6.30M | €7.27M | ▲ 15.5% |
| Current portion of amounts payable after more than one year42 | €19k | €19k | €17k | - | - | - |
| Trade debts44 | €713 | - | €1k | €163 | €2k | ▲ 1,217% |
| Suppliers440/4 | €713 | - | €1k | €163 | €2k | ▲ 1,217% |
| Taxes, remuneration and social security45 | - | - | - | €9k | €9k | = |
| Taxes450/3 | - | - | - | €9k | €9k | = |
| Other amounts payable47/48 | €2.16M | €5.66M | €6.31M | €6.29M | €7.26M | ▲ 15.5% |
| Accrued charges and deferred income492/3 | €2k | €2k | €750 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-79k | €-64k | €-23k | €529k | €22k | ▼ 95.8% |
| + Depreciation and write-downs630 | €125k | €135k | €131k | €91k | €91k | ▲ 0.5% |
| Operating cash flow (approximation) | €46k | €71k | €107k | €620k | €114k | ▼ 81.7% |
| Investment in fixed assets (approximation) | - | €-3.62M | €-22k | €839k | €-550k | ▼ 165% |
| Change in cash | - | €32k | €202k | €256k | €-477k | ▼ 286% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 19 days late
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €529k
Net result €529k after 6 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-79k
Net result drops to €-79k, the lowest in the series; recovery starts the following year.
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 47 days late
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 10 days late
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Lambrechts-Woluwe · 1 establishment unit since 2012
Ground area
256 m²
Building footprint
113 m²
Volume, LiDAR
1,545 m³
Parcel 21673D0155/00E002, Brussels · tallest building 19.4 m, ±5 floors. Linked by address, not a title deed.
161
companies at this address
See who is registered here
1 establishment unit
BF CONCEPT
since 20122.208.291.409
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21673D0155/00E002 | Brussels | 256 m² | 1 · 113 m² | 19.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
549300QO06H04E6CK322
Identification & contact
Identification
Legal formPublic limited company
Founded13-02-2012
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.