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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Belgian Racing Association from Ferrières, company number BE0432928024, closed financial year 2025 with a result of € -12,042 after tax. For that financial year Belgian Racing Association recorded a gross margin of € -2,826 and equity of € -331,097. Compared with financial year 2024, the result moved from € -22,635 to € -12,042. 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 17, 2026.
€ -331,097
▼ € 12,042 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12,042
▲ 47 % less loss than in 2024
Profit after tax over the fiscal year.
€ 5,327
▼ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -333,328.
People and assets in 2025
€ 11,573
▼ 42% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 915
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -11,655 | € 235 | € -13,533 | € -2,826 | ▲ € 10,706 |
| Profit after taxes | € -22,665 | € -8,522 | € -22,635 | € -12,042 | ▲ € 10,592 |
| Equity | € -287,898 | € -296,420 | € -319,055 | € -331,097 | ▼ € 12,042 |
| Total debts | € 342,461 | € 345,439 | € 351,727 | € 352,805 | |
| Cash | € 1,965 | € 5,497 | € 5,355 | € 5,327 | ▼ 1% |
| Retained profit | € -290,129 | € -298,651 | € -321,286 | € -333,328 | ▼ € 12,042 |
| Balance sheet total | € 54,563 | € 49,019 | € 32,673 | € 21,708 | ▼ 34% |
Key figures of Belgian Racing Association, 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 Belgian Racing Association?
What happened at Belgian Racing Association in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 12,042. filed late Source: NBB ↗
- Claude CORTHALS became a director. NBB
- Jean-Claude BURTON became a director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,665 loss in 2022 to € 12,042 loss in 2025.
Management
Behind Belgian Racing Association are Claude CORTHALS and Jean-Claude BURTON. Claude CORTHALS is also behind PYC PERFORMANCES.
Directors
According to the 2025 annual accounts
since 2023
Jean-Claude BURTON
Director
since 2023
Establishments
Establishment units
Physical locations of this company
La Picherote 15
4190 Ferrières
Rue Saint-Gilles 241
4000 Liège
Active since 25 January 1988
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
- 0432.928.024
- VAT number
- BE 0432.928.024
- Registered office
- La Picherote 15, 4190 Ferrières
- Names & denominations
- Belgian Racing Association
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 1987
- Peppol
- Active · Active since 26 Dec 2025
- Contact
- [email protected] 0475451889
- Activities · NACE
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