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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Shrinking team NBB
FTE fell two years in a row, from 11.1 to 5.3.
Financials
Financial year 2025
CFS Brussels from Zaventem, company number BE0649749055, closed financial year 2025 with a result of € 76,255 after tax. For that financial year CFS Brussels recorded a gross margin of € 721,686 and equity of € 38,329. Compared with financial year 2024, the result moved from € 37,850 to € 76,255. 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 July 31, 2026.
€ 38,329
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 76,255
▲ 101% vs 2024
Profit after tax over the fiscal year.
€ 43,651
▲ € 35,889 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 72,438 paid out
95 % of the profit went to the shareholders, mostly to Henbaco (90 % of the shares). That is where the money ends up.
People and assets in 2025
5.3
▼ 3.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 552,782
▼ 23% vs 2024
€ 104,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 24,184
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 329,121
▼ 10% vs 2024
€ 5,867 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 150,534
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 130,562
▼ 22% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 957,208 | € 901,015 | € 832,116 | € 721,686 | ▼ 13% |
| Profit after taxes | € 67,727 | € 95,347 | € 37,850 | € 76,255 | ▲ 101% |
| Equity | € 80,176 | € 74,275 | € 38,125 | € 38,329 | ▲ 1% |
| Total debts | € 638,513 | € 763,072 | € 898,080 | € 865,468 | ▼ 4% |
| Cash | € 109,158 | € 57,728 | € 7,762 | € 43,651 | ▲ € 35,889 |
| Retained profit | € 50,176 | € 44,275 | € 8,125 | € 8,329 | ▲ 3% |
| Dividend | € 65,000 | € 96,000 | € 67,500 | € 72,438 | ▲ 7% |
| Bank debt | € 227,390 | € 320,866 | € 364,980 | € 329,121 | ▼ 10% |
| Balance sheet total | € 718,689 | € 837,347 | € 936,205 | € 903,798 | ▼ 3% |
| Employees (FTE) | 10.6 | 11.1 | 9.1 | 5.3 | ▼ 3.8 |
Key figures of CFS Brussels, 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 CFS Brussels?
What happened at CFS Brussels in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 76,255 (▲ 101% vs 2024). Source: NBB ↗
- Wilfried Baeb became a director. NBB
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
In short
From € 67,727 profit in 2022 to € 76,255 profit in 2025.
Paid € 139,050 in corporate taxes since 2022.
Best year ever: 2023, with € 95,347 profit.
On average € 136,200 of value added per employee in 2025.
Management
The stake of Henbaco, Holding 330 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CFS BrusselsBehind CFS Brussels is Wilfried Baeb. The shares are held by Henbaco (90%) and Holding 330 (10%).
Directors
According to the 2025 annual accounts
Wilfried Baeb
Director
Also active at: BRUBA, CFS HAGELAND, CFS LEUVEN, Holding 330, Henbaco, W-Advies
since 2020
Shareholders
90%
10%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Lozenberg 4
1932 Zaventem
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
- 0649.749.055
- VAT number
- BE 0649.749.055
- Registered office
- Lozenberg 4, 1932 Zaventem
- Names & denominations
- CFS Brussels
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 March 2016
- Peppol
- Active · Active since 7 Jan 2026
- Activities · NACE
Activiteiten van (gecertificeerde) (fiscaal) accountants