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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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
BBF from Kortrijk, company number BE0668613080, closed financial year 2026 with a result of € 230,828 after tax. For that financial year BBF recorded a gross margin of € -596,028 and equity of € -11.7 million. Compared with financial year 2024, the result moved from € -3.2 million to € 230,828. Profitable, and profit is growing. 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 October 26, 2026.
€ -11.7 million
▲ € 230,829 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 230,828
▲ still € 3.2 million loss in 2024
Profit after tax over the fiscal year.
€ 98,024
▲ 146% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € -16 million.
People and assets in 2026
16.7
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.7 million
▲ 23% vs 2024
€ 99,300 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.
€ 996,377
▼ 14% vs 2024
Of which on lease € 829,340.
Debts at end 2026
€ 1.9 million
▼ 52% vs 2024
€ 378,333 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.4 million
▲ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 326,759
▲ 23% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2026 | Change 2024 → 2026 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 3,582,918 | - | |
| Gross margin | € -496,064 | € -1,169,789 | - | € -596,028 | |
| Profit after taxes | € -2,656,358 | € -3,949,384 | € -3,232,890 | € 230,828 | ▲ € 3.5 million |
| Equity | € -4,752,757 | € -8,702,141 | € -11,935,031 | € -11,704,203 | ▲ € 230,829 |
| Total debts | € 11,169,626 | € 15,336,713 | € 18,048,489 | € 17,590,264 | ▼ 3% |
| Cash | € 80,219 | € 51,510 | € 39,867 | € 98,024 | ▲ 146% |
| Land & buildings | € 657,002 | € 587,363 | € 490,315 | € 416,249 | ▼ 15% |
| Retained profit | € -9,003,699 | € -12,953,083 | € -16,185,973 | € -15,955,145 | ▲ € 230,828 |
| Bank debt | € 4,018,819 | € 4,303,270 | € 3,934,502 | € 1,885,719 | ▼ 52% |
| Balance sheet total | € 6,416,868 | € 6,634,572 | € 6,113,458 | € 5,886,061 | ▼ 4% |
| Employees (FTE) | 16.4 | 15.9 | 17.1 | 16.7 | ▼ 0.4 |
Key figures of BBF, fiscal years 2022 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to BBF?
What happened at BBF in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 230,828. Source: NBB ↗
- ALLGRAPH BV became a director. NBB
- THINK BIZ CONSULTING BV became a director. NBB
- Kim Olievier stepped down as director. NBB
- BK International BV stepped down as director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.7 million loss in 2022 to € 230,828 profit in 2026.
Paid € 18,789 in corporate taxes since 2022.
Best year ever: 2026, with € 230,828 profit.
Management
The stake of NexT Invest, BK International, SIGNATURE N comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BBFBehind BBF are ALLGRAPH BV, Erwin De Keyser and THINK BIZ CONSULTING BV. The shares are held by NexT Invest (99.2%), BK International (58%) and SIGNATURE N (0.7%). It owns 70% of Science of Sour Ale Brewing itself.
Directors
According to the 2026 annual accounts
Managing director · represented by Koen Dehandschutter
Also active at: NexT Invest, CHEESE VENTURES, Immo BBF
since 2026
Managing director · represented by Filip Cloetens
Also active at: Thuiszorg Cooperatie
since 2026
· until 2026
Managing director · represented by Björn Desmadryl
· until 2026
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Kortrijksestraat(Heu) 103A
8501 Kortrijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0668.613.080
- VAT number
- BE 0668.613.080
- Registered office
- Kortrijksestraat(Heu) 103A, 8501 Kortrijk
- Names & denominations
- BBF
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 2016
- Peppol
- Active · Active since 8 Sept 2025
- Activities · NACE
Vervaardiging van bier
Overige niet-gespecialiseerde detailhandel
Vervaardiging van groente- en fruitsappen
Vervaardiging van mout
Overige recreatie- en ontspanningsactiviteiten, neg
Groothandel in dranken, algemeen assortiment
Vervaardiging van frisdranken en water in flessen
Detailhandel in dranken, algemeen assortiment
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