Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 54 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BFS Europe NV from Kruisem, company number BE0412484382, closed financial year 2025 with a result of € -4.6 million after tax. For that financial year BFS Europe NV recorded revenue of € 130.2 million and equity of € 14.1 million. Compared with financial year 2024, the result moved from € 2.6 million to € -4.6 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.
€ 14.1 million
▼ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.6 million
▼ still € 2.6 million profit in 2024
Profit after tax over the fiscal year.
€ 493,575
▲ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 5 million.
People and assets in 2025
407.8
▼ 22 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 26.5 million
▲ 1% vs 2024
€ 64,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 216,512
▲ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 21.3 million
▼ 20% vs 2024
€ 5.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 21.9 million
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 79 days on average.
€ 5.9 million
▲ 31% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 139,412,842 | € 138,286,458 | € 137,220,094 | € 130,237,492 | ▼ 5% |
| Profit after taxes | € 6,247,281 | € -2,075,055 | € 2,564,126 | € -4,626,014 | ▼ € 7.2 million |
| Equity | € 18,252,895 | € 16,177,840 | € 18,741,966 | € 14,115,952 | ▼ 25% |
| Total debts | € 45,384,824 | € 53,612,550 | € 54,005,848 | € 49,201,276 | ▼ 9% |
| Cash | € 2,067,692 | € 737,887 | € 277,074 | € 493,575 | ▲ 78% |
| Land & buildings | € 4,422,658 | € 4,968,742 | € 5,272,313 | € 5,432,530 | ▲ 3% |
| Retained profit | € 9,182,701 | € 7,107,646 | € 9,671,772 | € 5,045,758 | ▼ 48% |
| Bank debt | € 21,932,735 | € 24,561,068 | € 26,673,347 | € 21,252,186 | ▼ 20% |
| Balance sheet total | € 64,228,967 | € 70,226,424 | € 73,587,850 | € 67,809,623 | ▼ 8% |
| Employees (FTE) | 415.6 | 426.8 | 429.8 | 407.8 | ▼ 22 |
Key figures of BFS Europe NV, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to BFS Europe NV?
What happened at BFS Europe NV in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Chastain Point bv stepped down as director. NBB
- Berry Floor Group NV stepped down as director. NBB
- Beaulieu International Group NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 4.6 million (▼ € 7.2 million vs 2024). Source: NBB ↗
- Chastain Point bv became a director. NBB
- Berry Floor Group NV became a director. NBB
- Beaulieu International Group NV became a director. NBB
- New establishment in Oostrozebeke. KBO
In short
From € 6.2 million profit in 2022 to € 4.6 million loss in 2025.
Paid € 1.3 million in corporate taxes since 2022.
Best year ever: 2022, with € 6.2 million profit.
Pays suppliers within 79 days on average.
Management
The stake of BEAULIEU INTERNATIONAL GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BFS Europe NVThe shares are held by BEAULIEU INTERNATIONAL GROUP (100%).
Directors
According to the 2025 annual accounts
Director · represented by Luc De Clerck
Also active at: BEAULIEU FABRICS, Beaulieu Real Estate, B.I.G. Yarns Europe, BURCHTDAM, BEAULIEU INTERNATIONAL GROUP, GOED TER LEMBEEK, BERRY IMMO, B.I.G COORDINATION CENTER +1 more
since 2023 · until 2029
Beaulieu International Group NV
Director · represented by Francis De Clerck
Also active at: BELOS, BEAULIEU FABRICS, IDEAL FLOORCOVERINGS WIELSBEKE, OOSTIMMO, INTERDEKO, B.I.G. Yarns Europe, BURCHTDAM, Magnifield Europe +9 more
since 2023 · until 2029
Director · represented by Daan De Keyzer
since 2025 · until 2031
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Groenedreef(KRU) 15A
9770 Kruisem
Groenedreef(KRU) 19
9770 Kruisem
Active since 1 January 1973
Ingelmunstersteenweg 162
8780 Oostrozebeke
Active since 1 January 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0412.484.382
- VAT number
- BE 0412.484.382
- Registered office
- Groenedreef(KRU) 15A, 9770 Kruisem
- Names & denominations
- BFS Europe NV
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 July 1972
- Peppol
- Active · Active since 22 Sept 2025
- Activities · NACE
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Groothandel in meubels, niet-elektrische huishoudapparaten en vloerbedekking inclusief tapijten