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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Busy address KBO
82 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
S.F.A.R. from Brussel, company number BE0462090776, closed financial year 2025 with a result of € 1.8 million after tax. For that financial year S.F.A.R. recorded a gross margin of € 2,682 and equity of € 4.4 million. Compared with financial year 2024, the result moved from € 126,706 to € 1.8 million. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 12, 2026.
€ 4.4 million
▲ 42% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.8 million
▲ € 1.7 million vs 2024
Profit after tax over the fiscal year.
€ 28,028
▲ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 4.3 million.
Debts at end 2025
€ 26 million
▼ 4% vs 2024
€ 1.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 22 years.
€ 35,404
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -14,193 | € 1,863 | € 6,876 | € 2,682 | ▼ 61% |
| Profit after taxes | € 3,741 | € 123,818 | € 126,706 | € 1,820,007 | ▲ € 1.7 million |
| Equity | € 2,849,226 | € 2,973,044 | € 3,099,750 | € 4,399,756 | ▲ 42% |
| Total debts | € 29,998,195 | € 31,312,949 | € 27,610,864 | € 26,958,034 | ▼ 2% |
| Cash | € 1,880,648 | € 75,834 | € 20,414 | € 28,028 | ▲ 37% |
| Retained profit | € 2,229,226 | € 2,353,044 | € 2,479,750 | € 4,299,756 | ▲ 73% |
| Bank debt | € 29,268,121 | € 28,373,609 | € 27,111,103 | € 25,975,837 | ▼ 4% |
| Balance sheet total | € 32,847,421 | € 34,285,993 | € 30,710,614 | € 31,357,790 | ▲ 2% |
Key figures of S.F.A.R., 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 S.F.A.R.?
What happened at S.F.A.R. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- IMMO-PRO SRL stepped down as director. NBB
- finance&invest.brussels SA stepped down as director. NBB
- BRUSTART BY FINANCE&INVEST.BRUSSELS SA stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.8 million (▲ € 1.7 million vs 2024). Source: NBB ↗
- IMMO-PRO SRL became a director. NBB
- finance&invest.brussels SA became a director. NBB
- BRUSTART BY FINANCE&INVEST.BRUSSELS SA became a director. NBB
- New establishment in Brussel. KBO
In short
From € 3,741 profit in 2022 to € 1.8 million profit in 2025.
Best year ever: 2025, with € 1.8 million profit.
Management
The shares are held by finance&invest.brussels SA (100%). It owns 99.8% of SFAR-ROUE, 99.8% of SFAR-POLDERS, 99.8% of SFAR ALSEMBERG and 99.8% of SFAR MIDI itself.
Directors
According to the 2025 annual accounts
Director · represented by Alexandre SMEETS
since 2025 · until 2030
Managing director · represented by Denis TIMMERMANS
Also active at: BRUXELLES INFRASTRUCTURE FINANCE - BRUSSEL INFRASTUCTUUR FINANCIERING, BRUSERVICES, MAISON DE LA RADIO FLAGEY, BE ANGELS, THEODORUS III, INNOVATION FUND, SEEDER FUND, SCALE I +14 more
since 2025 · until 2030
BRUSTART BY FINANCE&INVEST.BRUSSELS SA
Director · represented by Guillaume LAMY
Also active at: CommuniThings, ALLERINVEST, BE CENTRAL, Rise Partners, SFAR-POLDERS, SFAR-MIDI, SFAR-ALSEMBERG, OUAT ! +2 more
since 2025 · until 2030
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Wolstraat 70
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 82 companies are registered at this address.
All companies at this address →finance&invest.brussels same network
€ 20,250 revenue · 2025
IMMOWEB
€ 61.3 million revenue · 2025
KORN FERRY (BE)
€ 25.5 million revenue · 2026
BRUXELLES INFRASTRUCTURE FINANCE - BRUSSEL INFRASTUCTUUR FINANCIERING same network
€ 717,081 revenue · 2025
BRUSTART BY FINANCE&INVEST.BRUSSELS same network
+77 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
- 0462.090.776
- VAT number
- BE 0462.090.776
- Registered office
- Wolstraat 70, 1000 Brussel
- Names & denominations
- S.F.A.R.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 December 1997
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
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