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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Tight liquidity NBB
Cash and receivables cover 35 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BELFI+ from Liège, company number BE0800841797, closed financial year 2025 with a result of € 134,602 after tax. For that financial year BELFI+ recorded a gross margin of € 182,937 and equity of € 451,239. Compared with financial year 2024, the result moved from € 72,381 to € 134,602. Profitable, and profit is growing. 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 August 12, 2026.
€ 451,239
▲ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 134,602
▲ 86% vs 2024
Profit after tax over the fiscal year.
€ 23,410
▼ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 66,550 paid out
49 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 52,630
▲ 3% vs 2024
Loans from banks and other lenders, long and short.
€ 9,680
▲ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 27,497
▲ 262% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 180,291 | € 122,280 | € 182,937 | ▲ 50% |
| Profit after taxes | € 261,006 | € 72,381 | € 134,602 | ▲ 86% |
| Equity | € 316,506 | € 383,187 | € 451,239 | ▲ 18% |
| Total debts | € 869,927 | € 673,449 | € 674,477 | |
| Cash | € 52,728 | € 30,379 | € 23,410 | ▼ 23% |
| Retained profit | € 166,506 | € 233,187 | € 301,239 | ▲ 29% |
| Dividend | € 94,500 | € 5,700 | € 66,550 | ▲ € 60,850 |
| Bank debt | € 49,569 | € 51,076 | € 52,630 | ▲ 3% |
| Balance sheet total | € 1,186,433 | € 1,056,636 | € 1,125,716 | ▲ 7% |
Key figures of BELFI+, fiscal years 2023 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 BELFI+?
What happened at BELFI+ in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 134,602 (▲ 86% vs 2024). filed late Source: NBB ↗
- Emexco became a director. NBB
- New establishment in Liège. KBO
- ECDD became a director. NBB
- EMMAG became a director. NBB
- JCMA became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 261,006 profit in 2023 to € 134,602 profit in 2025.
Paid € 61,640 in corporate taxes since 2023.
Best year ever: 2023, with € 261,006 profit.
Paid out € 166,750 in dividends to the owners in total.
Management
The stake of Emexco comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BELFI+Behind BELFI+ are ECDD, EMMAG, JCMA and Emexco. The shares are held by Emexco (25%).
Directors
According to the 2025 annual accounts
Shareholders
25%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Quai des Vennes 18-20
4020 Liège
Rue du Parc 37
4020 Liège
Active since 17 April 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
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€ 131.4 million revenue · 2025
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€ -4,147 gross margin · 2025
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€ 8,094 gross margin · 2025
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0800.841.797
- VAT number
- BE 0800.841.797
- Registered office
- Quai des Vennes 18-20, 4020 Liège
- Names & denominations
- BELFI+
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 April 2023
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings