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 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BELFRA VERMOGENSBEHEER from Wervik, company number BE0452257649, closed financial year 2025 with a result of € -286,723 after tax. For that financial year BELFRA VERMOGENSBEHEER recorded a gross margin of € 561,121 and equity of € 4.6 million. Compared with financial year 2024, the result moved from € -312,878 to € -286,723. 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 February 27, 2026.
€ 4.6 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -286,723
▲ 8 % less loss than in 2024
Profit after tax over the fiscal year.
€ 63,082
▼ 41% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -256,542.
People and assets in 2025
€ 1,056
▼ 13% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 12.8 million
▲ 44% vs 2024
€ 658,503 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 1.4 million
▲ 112% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,127
▼ 99% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 453,717 | - | - | - | |
| Gross margin | - | € 816,621 | € 493,560 | € 561,121 | ▲ 14% |
| Profit after taxes | € 90,400 | € 141,180 | € -312,878 | € -286,723 | ▲ € 26,155 |
| Equity | € 5,162,634 | € 5,153,815 | € 4,840,936 | € 4,554,213 | ▼ 6% |
| Total debts | € 6,046,432 | € 10,614,308 | € 12,220,381 | € 17,373,745 | ▲ 42% |
| Cash | € 11,723 | € 49,654 | € 106,734 | € 63,082 | ▼ 41% |
| Land & buildings | € 9,977,849 | € 13,435,397 | € 14,112,465 | € 14,962,371 | ▲ 6% |
| Retained profit | € 50,419 | € 55,452 | € -113,572 | € -256,542 | ▼ € 142,970 |
| Dividend | € 490,000 | € 150,000 | € 0 | € 0 | |
| Bank debt | € 4,208,098 | € 8,115,542 | € 8,901,828 | € 12,846,694 | ▲ 44% |
| Balance sheet total | € 11,209,066 | € 15,768,123 | € 17,061,317 | € 21,927,959 | ▲ 29% |
Key figures of BELFRA VERMOGENSBEHEER, 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 BELFRA VERMOGENSBEHEER?
What happened at BELFRA VERMOGENSBEHEER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Babeva BV stepped down as director. NBB
- Frankie Duverger stepped down as director. NBB
- Duversa BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 286,723. filed late Source: NBB ↗
- Babeva BV became a director. NBB
- Frankie Duverger became a director. NBB
- Duversa BV became a director. NBB
- New establishment in Wervik. KBO
In short
From € 90,400 profit in 2022 to € 286,723 loss in 2025.
Paid € 4,695 in corporate taxes since 2022.
Best year ever: 2023, with € 141,180 profit.
Paid out € 640,000 in dividends to the owners in total.
Management
The stake of Babeva, Duversa comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BELFRA VERMOGENSBEHEERThe shares are held by Babeva (25%) and Duversa (25%).
Directors
According to the 2025 annual accounts
Director · represented by Flore Duverger
Also active at: FRANCOVERA, BELBEAU, Innovative Building Systems, RNTH., GENCO, Kasica, Menenstraat
since 2025 · until 2031
Frankie Duverger
Managing director
Also active at: FRANCOVERA, BELBEAU, Bassie, Adriaan, BELIMAR, RNTH., GENCO, Kasica +2 more
since 2025 · until 2031
Director · represented by Saar Duverger
Also active at: FRANCOVERA, BELBEAU, RNTH., GENCO, Kasica, Menenstraat
since 2025 · until 2031
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Robert Klingstraat 96 box b
8940 Wervik
Robert Klingstraat 96 box B
8940 Wervik
Active since 27 April 1994
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0452.257.649
- VAT number
- BE 0452.257.649
- Registered office
- Robert Klingstraat 96 bus b, 8940 Wervik
- Names & denominations
- BELFRA VERMOGENSBEHEER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 March 1994
- Peppol
- Active · Active since 16 Oct 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Handel in eigen onroerend goed