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.
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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
45 other companies have their registered office at the same address; threshold 10.
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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
BELGAFOND from Brussel, company number BE0475658306, closed financial year 2025 with a result of € -30,071 after tax. For that financial year BELGAFOND recorded a gross margin of € -28,733 and equity of € 2.5 million. Compared with financial year 2024, the result moved from € -819 to € -30,071. 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 August 27, 2026.
€ 2.5 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -30,071
▼ 3573 % more loss than in 2024
Profit after tax over the fiscal year.
€ 46,490
▲ € 37,893 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.5 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 12,191
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -9,168 | € -13,328 | € -12,281 | € -28,733 | ▼ € 16,451 |
| Profit after taxes | € -91,463 | € 50,359 | € -819 | € -30,071 | ▼ € 29,252 |
| Equity | € 2,489,661 | € 2,540,020 | € 2,539,201 | € 2,510,023 | ▼ 1% |
| Total debts | € 575,102 | € 586,197 | € 541,281 | € 411,101 | ▼ 24% |
| Cash | € 444,079 | € 10,028 | € 8,597 | € 46,490 | ▲ € 37,893 |
| Retained profit | € 2,469,661 | € 2,520,020 | € 2,519,201 | € 2,490,023 | ▼ 1% |
| Balance sheet total | € 3,064,763 | € 3,126,217 | € 3,080,482 | € 2,921,124 | ▼ 5% |
Key figures of BELGAFOND, 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 BELGAFOND?
What happened at BELGAFOND in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 30,071. filed late Source: NBB ↗
- François Vermer became a director. NBB
- Michel Jean Marie Barbier de la Serre became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 91,463 loss in 2022 to € 30,071 loss in 2025.
Paid € 5,883 in corporate taxes since 2022.
Best year ever: 2023, with € 50,359 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind BELGAFOND are François Vermer and Michel Jean Marie Barbier de la Serre.
Directors
According to the 2025 annual accounts
François Vermer
Director
since 2019
Michel Jean Marie Barbier de la Serre
Director
since 2019
Establishments
Establishment units
Physical locations of this company
Louizalaan 486
1050 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 45 companies are registered at this address.
All companies at this address →Aviasales
€ 31,565 gross margin · 2024
Antalis
€ 30.3 million revenue · 2024
Horas
€ -38,942 gross margin · 2025
Produits chimiques Protebel
€ 15,933 gross margin · 2024
Old Inn
+40 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
- 0475.658.306
- VAT number
- BE 0475.658.306
- Registered office
- Louizalaan 486, 1050 Brussel
- Names & denominations
- BELGAFOND
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 September 2001
- Peppol
- Not registered