Financials
Financial year 2025
BELFRAL from Elsene, company number BE0731704355, closed financial year 2025 with a result of € 162 after tax. For that financial year BELFRAL recorded a gross margin of € 2,125 and equity of € 43,281. Compared with financial year 2024, the result moved from € 533 to € 162. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 43,281
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 162
▼ 70% vs 2024
Profit after tax over the fiscal year.
€ 3,892
▲ 47% 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 € 42,329.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 74,408
Loans from banks and other lenders, long and short.
€ 1,250
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 4,325 | € 5,027 | € 2,574 | € 2,125 | ▼ 17% |
| Profit after taxes | € 863 | € 2,950 | € 533 | € 162 | ▼ 70% |
| Equity | € 39,636 | € 42,586 | € 43,119 | € 43,281 | |
| Total debts | € 76,406 | € 77,381 | € 75,893 | € 75,658 | |
| Cash | € 6,166 | € 8,590 | € 2,640 | € 3,892 | ▲ 47% |
| Retained profit | € 38,684 | € 41,634 | € 42,167 | € 42,329 | |
| Bank debt | € 74,408 | € 74,408 | € 74,408 | € 74,408 | |
| Balance sheet total | € 116,042 | € 119,966 | € 119,012 | € 118,938 |
Key figures of BELFRAL, 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 BELFRAL?
What happened at BELFRAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 162 (▼ 70% vs 2024). Source: NBB ↗
- New establishment in Elsene. KBO
- Pieter Depoortere became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 863 profit in 2022 to € 162 profit in 2025.
Best year ever: 2023, with € 2,950 profit.
Management
The stake of VALPIEHEMA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BELFRALBehind BELFRAL is Pieter Depoortere. The shares are held by VALPIEHEMA (100%).
Directors
According to the 2025 annual accounts
Pieter Depoortere
Director
Also active at: EXPLOITATIEMAATSCHAPPIJ ISK, LEASEHOLD EUROPE, PIETER DEPOORTERE MANAGEMENT, TWIN PROPERTIES PROJECTONTWIKKELING, Exploitatiemaatschappij NI
since 2019
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Auguste Rodinlaan 20 box 20
1050 Elsene
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
- 0731.704.355
- VAT number
- BE 0731.704.355
- Registered office
- Auguste Rodinlaan 20 bus 20, 1050 Elsene
- Names & denominations
- BELFRAL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 July 2019
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Overige zakelijke dienstverlening, neg