BFS Europe NV

Active

Public limited companyfounded 197254 yrs activeGroenedreef(KRU) 15A, 9770 Kruisem, BelgiumKBO/BCE: BE 0412.484.382

Summary

BFS Europe NV has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14.1m and a net result of -€4.6m. Equity is shrinking by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 23% of 6032 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisWatch Report Compare

BFS Europe NVActiveChecked score 66/100

Risk analysis Report Compare

Activity

Wholesale trade

NACE 46471Manufacture of textiles NACE 13930NACE 17510

#1 employer in Kruisem, Wholesale and retail trade sector2 sites

Size

€130.2mturnover 2025

Staff: 407.8 FTE
Equity: €14.1m
Loss: -€4.6m

Financial health

66 Healthy Checked score 2025

Bankruptcy chance 12 m: 0.8%

Structure

Parent: BEAULIEU INTERNATIONAL GROUP · 100%
Board: 3 members
Holdings: 1

Auditor: KPMG Bedrijfsrevisoren BV/SRLAccounts 38 d early

Why 66- Liquidity: current ratio 1.00, cash €493,575- Equity €14.1m (20.8% of total assets)- Loss of €4.6m (FY 2025)+ Legal form Public limited companyShow the evidence

Checked score

Score 2025

66 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Better than 24% of its sector peers (NACE 46, large)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 46-4

equity 20.8% of total assets

Liquidity 19-2

short-term debt 60.3% · cash 0.7%

Profitability 42-25

return on assets -6.8%

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (132 companies)

Last 24 months 11-2024: 0.7% 12-2024: 0.7%● 0.0% vs 11-2024 01-2025: 0.7%● 0.0% vs 12-2024 02-2025: 0.7%▼ -3.5% vs 01-2025 03-2025: 0.7%▲ +1.3% vs 02-2025 04-2025: 0.7%▲ +1.9% vs 03-2025 05-2025: 0.7%▲ +1.7% vs 04-2025 06-2025: 0.7%▲ +0.4% vs 05-2025 07-2025: 0.3%▼ -51.8% vs 06-2025 08-2025: 0.3%● 0.0% vs 07-2025 09-2025: 0.3%● 0.0% vs 08-2025 10-2025: 0.3%● 0.0% vs 09-2025 11-2025: 0.3%● 0.0% vs 10-2025 12-2025: 0.3%● 0.0% vs 11-2025 01-2026: 0.3%● 0.0% vs 12-2025 02-2026: 0.3%▼ -3.8% vs 01-2026lowest value 03-2026: 0.3%▲ +1.5% vs 02-2026 04-2026: 0.3%▲ +2.1% vs 03-2026 05-2026: 0.4%▲ +5.0% vs 04-2026 06-2026: 0.4%▲ +2.5% vs 05-2026 07-2026: 0.8%▲ +130% vs 06-2026highest value 08-2026: 0.8%● 0.0% vs 07-2026highest value 09-2026: 0.8%● 0.0% vs 08-2026highest value 10-2026: 0.8%● 0.0% vs 09-2026highest value

Liquidity: current ratio 1.00, cash €493,575 raises the probability
Equity €14.1m (20.8% of total assets) raises the probability
Loss of €4.6m (FY 2025) raises the probability
Legal form Public limited company lowers the probability

Credit up to €900,000 at 30 days acceptable

Liquidity tight (current ratio 1.0 against 1.11 in 2024; short-term debt: 60.3% and cash: 0.7% of total assets), and 79.2% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, large). Better than this share of them on solvency 28%, liquidity 25%, profitability 25%, growth against the median 18%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Liquidity: current ratio 1.00, cash €493,575

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Equity €14.1m (20.8% of total assets)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Loss of €4.6m (FY 2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Legal form Public limited company

In the bankruptcy model this factor lowers the probability.

KBO

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 6032 sector peers (2025).

NBB · sector comparison

Position among 6032 sector peers

Solvency

better than 23%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-06-2026, 38 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

38 d early

2024

38 d early

2023

33 d early

2022

42 d early

2021

34 d early

2020

39 d early

2019

35 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)

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. Usually files around 23 June (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

05-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

05-08-26 Resignation: KPMG Bedrijfsrevisoren BV/SRL (statutory auditor)Permanent representative: Tim VERMEIREN ·…
23-06-26 Annual accounts filedfiscal year 2025 · full…
24-10-25 Appointment: Chastain Point BV (director)Permanent representative: Daan De Keyzer

Key points

Caution: From profit to loss in 2025after €2.6m in 2024 -€4.6m View
Caution: Among the weakest 5% on net resultsector median €114,268 · 5,973 companies -€4.6m View
Positive: Always filed on timeaccounts within the deadline every year 8 years View
Controlled by BEAULIEU INTERNATIONAL GROUP 100% View
Active since 1972founded 10-07-1972 54 years View
Flemish supportawarded 2022 - 2025 €236,471 View