Financials
Financial year 2025
Worth noting
- More debts than assets in the latest financial year.
- A loss two years in a row.
- Little cash and receivables against the short-term debts.
Gross margin
€ -353,871
▼ 205% vs 2024
Profit
Caution€ -998,337
▼ 154% vs 2024
Debts
High€ 2.1 million
▲ 57% vs 2024
BELFORM EUROPE from Hasselt, company number BE0405523643, closed financial year 2025 with a result of € -998,337 after tax. For that financial year BELFORM EUROPE recorded a gross margin of € -353,871 and equity of € -667,085. Compared with financial year 2024, the result moved from € -392,861 to € -998,337. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
What happened at BELFORM EUROPE?
What happened at BELFORM EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- SITAL INVEST NV stepped down as director. NBB
- ADCOR BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 998,337. filed late Source: NBB ↗
- SITAL INVEST NV became a director. NBB
- ADCOR BV became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Hasselt. KBO
In short
From € 202,245 profit in 2021 to € 998,337 loss in 2025.
Paid € 179,576 in corporate taxes since 2021.
Best year ever: 2022, with € 350,436 profit.
On average € 30,600 of value added per employee in 2024.
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History
Every financial year, as far back as the National Bank goes.
Buffer
How long does the company survive without income?
Credit limit
Indicative credit limit, computed from the real figures.
Alerts
News about who you follow, reason included.
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Management
Directors
According to the 2025 annual accounts
Director · represented by Philippe CORTHOUTS
since 2023 · until 2029
Managing director · represented by Adrien CORTHOUTS
Also active at: SOMA, SLEEPING SOLUTIONS PRODUCTION, SOFABED EUROPE
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Ekkelgaarden 6A
3500 Hasselt
Ekkelgaarden 6 box A
3500 Hasselt
Active since 1 July 1964
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.523.643
- VAT number
- BE 0405.523.643
- Registered office
- Ekkelgaarden 6A, 3500 Hasselt
- Names & denominations
- BELFORM EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
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