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 44 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BFF GLASS from Ninove, company number BE0664485236, closed financial year 2025 with a result of € -59,261 after tax. For that financial year BFF GLASS recorded revenue of € 415,000 and equity of € 927,869. Compared with financial year 2024, the result moved from € -6,529 to € -59,261. 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 July 17, 2026.
€ 927,869
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -59,261
▼ 808 % more loss than in 2024
Profit after tax over the fiscal year.
€ 86,479
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.6 million.
People and assets in 2025
0.8
Average over the fiscal year, from the social balance sheet.
€ 55,284
▲ 2% vs 2024
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
€ 1.2 million
▼ 14% vs 2024
€ 200,004 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 196,484
▲ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 155 days on average.
€ 12,111
▲ 2% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 660,012 | € 640,200 | € 726,000 | € 415,000 | ▼ 43% |
| Profit after taxes | € 7,697 | € -3,342,637 | € -6,529 | € -59,261 | ▼ € 52,732 |
| Equity | € 4,336,296 | € 993,659 | € 987,130 | € 927,869 | ▼ 6% |
| Total debts | € 4,116,801 | € 2,672,114 | € 2,568,790 | € 2,589,321 | ▲ 1% |
| Cash | € 130,069 | € 104,822 | € 86,675 | € 86,479 | |
| Retained profit | € 836,296 | € -2,506,341 | € -2,512,870 | € -2,572,131 | ▼ € 59,261 |
| Bank debt | € 3,464,281 | € 1,688,087 | € 1,416,660 | € 1,216,656 | ▼ 14% |
| Balance sheet total | € 8,453,097 | € 3,665,774 | € 3,555,921 | € 3,517,190 | ▼ 1% |
| Employees (FTE) | 0.8 | 0.8 | 0.8 | 0.8 |
Key figures of BFF GLASS, 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 BFF GLASS?
What happened at BFF GLASS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ellen Van Cauwenberge stepped down as director. NBB
- Algim stepped down as director. NBB
- Falcon Fund Management stepped down as director. NBB
- K-Fintech stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 59,261. Source: NBB ↗
- Ellen Van Cauwenberge became a director. NBB
- Algim became a director. NBB
- New establishment in Ninove. KBO
In short
From € 7,697 profit in 2022 to € 59,261 loss in 2025.
Best year ever: 2022, with € 7,697 profit.
Pays suppliers within 155 days on average.
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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
The stake of Falcon Fund VI comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BFF GLASSThe shares are held by Falcon Fund VI (87.5%). It owns 100% of Pauwels NV and 25.1% of G&G Construct itself.
Directors
According to the 2025 annual accounts
Director · represented by Thomas De Duytsche
Also active at: J.L. Hertsens, PAUWELS, Day By Day Courier Service, ON TIME SOLUTIONS, Pauwels Construct, JACRIMAR, M.Ex.T. BELGIUM, G & G CONSTRUCT +31 more
since 2016 · until 2028
Ellen Van Cauwenberge
Director
Also active at: JACRIMAR, EVERY TIME, FALCON FUND, TRISLOT HOLDING, FALCON FUND MANAGEMENT, ON TIME LOGISTICS, MDR IMMO, DE ACTO IMMO +8 more
since 2024 · until 2030
Director · represented by Koen Perdu
Also active at: I.C.T. TRUCK & TRAILER PARTS, INDINOX, ATEC, METAALWERKEN DE ROOS, JACRIMAR, TRISLOT, MAPA, B & A +29 more
since 2016 · until 2028
Director · represented by Fauquette Charles
Also active at: PAUWELS, Pauwels Construct, G & G CONSTRUCT, PAUWELS GLASSPROJECTS
since 2023 · until 2029
Shareholders
87.5%
Participations
100%
25.1%
Establishments
Establishment units
Physical locations of this company
Brakelsesteenweg 462
9400 Ninove
Brakelsesteenweg(App) 462
9400 Ninove
Active since 11 October 2016
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
- 0664.485.236
- VAT number
- BE 0664.485.236
- Registered office
- Brakelsesteenweg 462, 9400 Ninove
- Names & denominations
- BFF GLASS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 October 2016
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
Vervaardiging van metalen deuren en vensters
Activiteiten van holdings
Holdings