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 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BELFRAN from Menen, company number BE0807215192, closed financial year 2025 with a result of € 4,396 after tax. For that financial year BELFRAN recorded a gross margin of € -1,618 and equity of € 39,401. Compared with financial year 2024, the result moved from € 4,255 to € 4,396. 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 April 14, 2026.
€ 39,401
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4,396
▲ 3% vs 2024
Profit after tax over the fiscal year.
€ 524
▼ 83% 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 € 20,801.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,434
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,600
▲ 3% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,871 | € -2,001 | € -1,828 | € -1,618 | ▲ € 210 |
| Profit after taxes | € 3,145 | € 2,840 | € 4,255 | € 4,396 | ▲ 3% |
| Equity | € 27,911 | € 30,750 | € 35,005 | € 39,401 | ▲ 13% |
| Total debts | € 717,264 | € 722,432 | € 976,901 | € 1,025,942 | ▲ 5% |
| Cash | € 1,534 | € 519 | € 3,116 | € 524 | ▼ 83% |
| Retained profit | € 9,311 | € 12,150 | € 16,405 | € 20,801 | ▲ 27% |
| Balance sheet total | € 745,174 | € 753,182 | € 1,011,906 | € 1,065,343 | ▲ 5% |
Key figures of BELFRAN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to BELFRAN?
What happened at BELFRAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4,396 (▲ 3% vs 2024). Source: NBB ↗
- New establishment in Menen. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,145 profit in 2022 to € 4,396 profit in 2025.
Paid € 5,346 in corporate taxes since 2022.
Best year ever: 2025, with € 4,396 profit.
Management
Behind BELFRAN is Ivan Debaeke. Ivan Debaeke is also behind VOEDERS DEBAEKE, BOUVARCO, SYMATRA, BE.FERT and TOPFOK.
Establishments
Establishment units
Physical locations of this company
Guido Gezellelaan 60
8930 Menen
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
- 0807.215.192
- VAT number
- BE 0807.215.192
- Registered office
- Guido Gezellelaan 60, 8930 Menen
- Names & denominations
- BELFRAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 October 2008
- Peppol
- Active · Active since 2 Oct 2026