Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Bureau d'etudes financières from Nivelles, company number BE0412078665, closed financial year 2025 with a result of € -422,314 after tax. For that financial year Bureau d'etudes financières recorded a gross margin of € -50,080 and equity of € 386,936. Compared with financial year 2024, the result moved from € -409,364 to € -422,314. The company made a loss. The buffer shrank hard: equity is 52 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.
€ 386,936
▼ 52% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -422,314
▼ 3 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2,198
▼ 98% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -714,951.
People and assets in 2025
€ 17,300
▼ 23% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 1.5 million
Loans from banks and other lenders, long and short.
€ 10,739
▲ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 146,354
▲ € 118,383 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -114,660 | € 1,338,761 | € 1,801 | € -50,080 | ▼ € 51,882 |
| Profit after taxes | € -611,525 | € 949,923 | € -409,364 | € -422,314 | ▼ € 12,950 |
| Equity | € 1,604,033 | € 1,218,615 | € 809,251 | € 386,936 | ▼ 52% |
| Total debts | € 4,217,700 | € 3,116,848 | € 3,132,269 | € 3,216,664 | ▲ 3% |
| Cash | € 174,139 | € 263,849 | € 144,182 | € 2,198 | ▼ 98% |
| Land & buildings | € 4,864,675 | € 3,362,072 | € 3,105,403 | € 2,859,791 | ▼ 8% |
| Retained profit | € -1,014,414 | € -93,107 | € -397,554 | € -714,951 | ▼ € 317,397 |
| Bank debt | € 2,945,000 | € 1,500,000 | € 1,500,000 | € 1,500,000 | |
| Balance sheet total | € 6,024,033 | € 4,513,963 | € 4,096,220 | € 3,734,500 | ▼ 9% |
Key figures of Bureau d'etudes financières, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to Bureau d'etudes financières?
What happened at Bureau d'etudes financières in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ANNETTEE VANESCOTE stepped down as director. NBB
- PHILIPPE VANESCOTE stepped down as director. NBB
- MARTINE VANESCOTE stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 422,314. Source: NBB ↗
- ANNETTEE VANESCOTE became a director. NBB
- PHILIPPE VANESCOTE became a director. NBB
- MARTINE VANESCOTE became a director. NBB
- New establishment in Nivelles. KBO
In short
From € 611,525 loss in 2022 to € 422,314 loss in 2025.
Paid € 1,675 in corporate taxes since 2022.
Best year ever: 2023, with € 949,923 profit.
A new publication or filing at Bureau d'etudes financières? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
ANNETTEE VANESCOTE
Director
since 2023 · until 2029
PHILIPPE VANESCOTE
Director
since 2023 · until 2029
MARTINE VANESCOTE
Managing director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Chaussée de Namur 66 box 3
1400 Nivelles
Who else lives here?
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€ 188,113 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0412.078.665
- VAT number
- BE 0412.078.665
- Registered office
- Chaussée de Namur 66 bus 3, 1400 Nivelles
- Names & denominations
- Bureau d'etudes financières · B.E.F.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 February 1972
- Peppol
- Active · Active since 20 Jan 2026
- Activities · NACE
Overige fiscale dienstverlening
Boekhouders
Boekhouders en boekhouders-fiscalisten
Belastingconsulenten
Accountants en belastingconsulenten