Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BELFAR from Zemst, company number BE0444292068, closed financial year 2025 with a result of € -17,527 after tax. For that financial year BELFAR recorded a gross margin of € -5,339 and equity of € 3.2 million. Compared with financial year 2024, the result moved from € 229,372 to € -17,527. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 19, 2026.
€ 3.2 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -17,527
▼ still € 229,372 profit in 2024
Profit after tax over the fiscal year.
€ 60,112
▲ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.8 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 22,735 | € 83,387 | € 245,002 | € -5,339 | ▼ € 250,341 |
| Profit after taxes | € 4,964 | € 29,104 | € 229,372 | € -17,527 | ▼ € 246,900 |
| Equity | € 2,919,555 | € 2,948,660 | € 3,178,032 | € 3,160,505 | ▼ 1% |
| Total debts | € 1,685,470 | € 1,470,858 | € 1,176,536 | € 1,176,121 | |
| Cash | € 232,968 | € 54,133 | € 46,593 | € 60,112 | ▲ 29% |
| Retained profit | € 1,564,393 | € 1,593,498 | € 1,822,870 | € 1,805,343 | ▼ 1% |
| Balance sheet total | € 4,605,025 | € 4,419,518 | € 4,354,568 | € 4,336,625 |
Key figures of BELFAR, 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 BELFAR?
What happened at BELFAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Tom Vandeputte stepped down as director. NBB
- Stefan Vandeputte stepped down as director. NBB
- Dirk Vandeputte stepped down as director. NBB
- Max Vandeputte stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 17,527 (▼ € 246,900 vs 2024). Source: NBB ↗
- Tom Vandeputte became a director. NBB
- Stefan Vandeputte became a director. NBB
- Dirk Vandeputte became a director. NBB
In short
From € 4,964 profit in 2022 to € 17,527 loss in 2025.
Best year ever: 2024, with € 229,372 profit.
Management
The stake of ASSETS, FINVAG, TESA INVEST, ELIMI comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BELFARThe shares are held by ASSETS (50%), FINVAG (50%), TESA INVEST (50%) and ELIMI (50%). It owns 100% of E&E Safety & Consulting and 99.9% of Imopa itself.
Directors
According to the 2025 annual accounts
Tom Vandeputte
Director
Also active at: Imopa, T.V.D., ASSETS, E&E SAFETY & CONSULTING, Alta Barrera BVBA, PULLARIS II, BELFINI
since 2023 · until 2029
Stefan Vandeputte
Managing director
Also active at: Imopa, CITLAND International, ELIMI, TESA INVEST, T.V.D., ASSETS, Securio, The Safety Culture Company +7 more
since 2023 · until 2029
Dirk Vandeputte
Managing director
Also active at: ETION Synergia, ACERTA SOCIAAL VERZEKERINGSFONDS, Imopa, ACERTA Consult, DIMEX, SHEHERAZADE Développement, VANDEPUTTE SAFETY INTERNATIONAL, VDP SAFETY +23 more
since 2023 · until 2029
Max Vandeputte
Director
Also active at: Imopa, T.V.D., FINVAG, EFFICIENT BUSINESS SOLUTIONS, E&E SAFETY & CONSULTING, PULLARIS II, BELFINI, SIMUL FORTIS V +1 more
since 2023 · until 2029
Shareholders
Participations
99.9%
Establishments
Establishment units
Physical locations of this company
Hertevoetweg 34
1982 Zemst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →Passive Fire Protection Association
Ijzerleen
PULLARIS II same network
€ 2,490 gross margin · 2025
MICMAR
NITHOS
+1 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
- 0444.292.068
- VAT number
- BE 0444.292.068
- Registered office
- Hertevoetweg 34, 1982 Zemst
- Names & denominations
- BELFAR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 May 1991
- Peppol
- Active · Active since 12 Nov 2025
- Activities · NACE
Activiteiten van holdings
Managementactiviteiten van holdings
Holdings