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 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
BELFARGO from Antwerpen, company number BE0460919155, closed financial year 2025 with a result of € -2,297 after tax. Compared with financial year 2024, the result moved from € -2,224 to € -2,297. 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 July 26, 2026.
€ -59,393
▼ € 2,297 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,297
▼ 3 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2,148
▼ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -121,366.
People and assets in 2025
€ 1,865
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
None
No bank loans on the last day of the fiscal year.
€ 1,863
▲ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,803 | € -1,853 | € -1,796 | - | |
| Profit after taxes | € -2,348 | € -2,394 | € -2,224 | € -2,297 | ▼ € 72 |
| Equity | € -52,478 | € -54,872 | € -57,096 | € -59,393 | ▼ € 2,297 |
| Total debts | € 54,691 | € 57,080 | € 59,274 | € 61,541 | ▲ 4% |
| Cash | € 2,212 | € 2,208 | € 2,178 | € 2,148 | ▼ 1% |
| Retained profit | € -114,452 | € -116,845 | € -119,070 | € -121,366 | ▼ € 2,297 |
| Balance sheet total | € 2,212 | € 2,208 | € 2,178 | € 2,148 | ▼ 1% |
Key figures of BELFARGO, 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 BELFARGO?
What happened at BELFARGO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kurt Wouterts stepped down as director. NBB
- TRANSPORT TH WOUTERS NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2,297. Source: NBB ↗
- Walter Wouters stepped down as director. NBB
- Kurt Wouterts became a director. NBB
- Walter Wouters became a director. NBB
- TRANSPORT TH WOUTERS NV became a director. NBB
- New establishment in Antwerpen. KBO
In short
From € 2,348 loss in 2022 to € 2,297 loss in 2025.
Management
Directors
According to the 2025 annual accounts
Walter Wouters
Managing director
Also active at: TRANSPORT TH. WOUTERS, BEL-WHEELS, TRANS-CONTINENTAL LOGISTICS
since 2021 · until 2025
Director · represented by Tim Wouters
since 2021 · until 2027
Kurt Wouterts
Director
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Klein Zuidland 4
2030 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0460.919.155
- VAT number
- BE 0460.919.155
- Registered office
- Klein Zuidland 4, 2030 Antwerpen
- Names & denominations
- BELFARGO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 June 1997
- Peppol
- Not registered