Financials
Financial year 2025
FAVOR FINANCE from Turnhout, company number BE0896686113, closed financial year 2025 with a result of € 89,091 after tax. For that financial year FAVOR FINANCE recorded revenue of € 1.4 million and equity of € 988,074. Compared with financial year 2024, the result moved from € 113,793 to € 89,091. The company is profitable. 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 June 30, 2026.
€ 988,074
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 89,091
▼ 22% vs 2024
Profit after tax over the fiscal year.
€ 6.1 million
▼ 24% 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 € 738,074.
Debts at end 2025
€ 124.4 million
▼ 16% vs 2024
Loans from banks and other lenders, long and short.
€ 19.7 million
▲ € 15.4 million vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 5643 days on average.
€ 3,400
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 643,259 | € 1,483,108 | € 1,349,819 | € 1,378,985 | ▲ 2% |
| Profit after taxes | € 44,337 | € 91,973 | € 113,793 | € 89,091 | ▼ 22% |
| Equity | € 693,217 | € 785,190 | € 898,983 | € 988,074 | ▲ 10% |
| Total debts | € 83,352,782 | € 141,077,263 | € 152,634,631 | € 144,092,715 | ▼ 6% |
| Cash | € 2,723,381 | € 5,065,166 | € 8,060,740 | € 6,135,136 | ▼ 24% |
| Retained profit | € 443,217 | € 535,190 | € 648,983 | € 738,074 | ▲ 14% |
| Bank debt | € 82,454,465 | € 138,840,696 | € 148,407,652 | € 124,427,067 | ▼ 16% |
| Balance sheet total | € 84,045,999 | € 141,862,453 | € 153,533,614 | € 145,080,789 | ▼ 6% |
Key figures of FAVOR FINANCE, 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 FAVOR FINANCE?
What happened at FAVOR FINANCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Erik Breugelmans stepped down as director. NBB
- Jef Ramaekers stepped down as director. NBB
- Finez BV stepped down as director. NBB
- Didier Vanderperren stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 89,091 (▼ 22% vs 2024). Source: NBB ↗
- Erik Breugelmans became a director. NBB
- Jef Ramaekers became a director. NBB
- Finez BV became a director. NBB
In short
From € 44,337 profit in 2022 to € 89,091 profit in 2025.
Paid € 115,745 in corporate taxes since 2022.
Best year ever: 2024, with € 113,793 profit.
Management
The stake of BNP Paribas Fortis Factor, Astara Western Europe comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FAVOR FINANCEThe shares are held by BNP Paribas Fortis Factor (51%) and Astara Western Europe (49%).
Directors
According to the 2025 annual accounts
Erik Breugelmans
Managing director
since 2023 · until 2028
Jef Ramaekers
Managing director
since 2023 · until 2028
Director · represented by Olivier Sermeus
Also active at: Korean Motor Company, Astara Financial Products, SUZUKI BELGIUM, Maxomotive, Astara Western Europe, EURO SERVICE HEATING, ASTARA MOVE BELGIUM
since 2023 · until 2028
Didier Vanderperren
Director
since 2023 · until 2028
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
P.J.Brepolsplein 41
2300 Turnhout
Bedrijvenlaan 4
2800 Mechelen
Active since 25 March 2008
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0896.686.113
- VAT number
- BE 0896.686.113
- Registered office
- P.J.Brepolsplein 41, 2300 Turnhout
- Names & denominations
- FAVOR FINANCE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 March 2008
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
Factoring