Belteinka
0400.195.967 · rovalta.com · 22/09/2026
ACTIVE
Belteinka
Financial year 2025 · closed on 31/12/2025
Net result
17,2 k €
-45.2% YoY
Gross margin
172,1 k €
-7.7% YoY
Equity
3,7 M €
+0.5% YoY
Overview
What does Belteinka do?
Belteinka is a Public limited company incorporated in 1967. Its main activity is: Manufacture of paper and paper products. Its registered office is in Oudenaarde.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0400.195.967
Incorporation
24/05/1967
Legal form
Public limited company
Registered office
Serpentsstraat 100
9700 Oudenaarde · FlandreSee on map
9700 Oudenaarde · FlandreSee on map
Contributed capital
87 405,90 €
Latest accounts
31/12/2025
Activities (NACE)
Signals
ProfitableSolid equityPositive cashflowPositive EBITDA
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | 172,1 k € | -7.7% | 186,5 k € | +4.4% | 178,7 k € | -14.2% | 208,3 k € | +49.7% | 139,2 k € | -18.8% | 171,4 k € | -5.2% | 180,7 k € | +11.2% | 162,4 k € | -18.7% | 199,8 k € | +2.4% | 195,1 k € | +24.4% | 156,9 k € | +16.8% | 134,3 k € | -27.7% | 185,8 k € | +47.5% | 125,9 k € | -5.8% | 133,7 k € | +204% | 44 k € | +98.3% | 22,2 k € | +176% | 8 k € | – | – | ||
| EBITDA | 125 k € | -11.8% | 141,8 k € | +5.9% | 133,9 k € | -20.0% | 167,4 k € | +68.7% | 99,2 k € | -24.8% | 131,9 k € | -8.5% | 144,3 k € | +20.8% | 119,4 k € | -27.4% | 164,4 k € | +2.4% | 160,6 k € | +31.1% | 122,4 k € | +26.3% | 96,9 k € | -38.0% | 156,3 k € | +61.4% | 96,8 k € | -5.1% | 102 k € | +1896% | 5,1 k € | +142% | -12,1 k € | +82.7% | -70,3 k € | -972% | 8,1 k € | -69.4% | 26,3 k € |
| Operating result | 27,7 k € | -38.8% | 45,2 k € | -25.0% | 60,3 k € | -42.4% | 104,6 k € | +109% | 50,2 k € | -37.9% | 80,7 k € | -22.6% | 104,2 k € | +28.2% | 81,3 k € | -37.2% | 129,5 k € | +8.4% | 119,5 k € | +53.6% | 77,8 k € | +45.6% | 53,4 k € | -52.7% | 112,9 k € | +187% | 39,3 k € | +32.1% | 29,8 k € | +148% | -62,6 k € | +18.0% | -76,4 k € | +38.3% | -123,8 k € | -240% | -36,4 k € | +54.9% | -80,6 k € |
| Net result | 17,2 k € | -45.2% | 31,3 k € | -36.3% | 49,1 k € | -49.8% | 97,8 k € | +123% | 43,8 k € | -42.3% | 76 k € | -15.3% | 89,7 k € | +34.6% | 66,7 k € | +1890% | -3,7 k € | -226% | 3 k € | -94.9% | 57,9 k € | +90.5% | 30,4 k € | -65.5% | 88 k € | +452% | 16 k € | +233% | -12 k € | +84.9% | -79 k € | -1559% | -4,8 k € | +96.2% | -127,1 k € | +82.5% | -726,9 k € | -799% | -80,8 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 3,7 M € | +0.5% | 3,7 M € | +0.9% | 3,6 M € | +1.4% | 3,6 M € | +2.8% | 3,5 M € | +1.3% | 3,4 M € | +2.3% | 3,4 M € | +2.7% | 3,3 M € | +2.1% | 3,2 M € | -0.1% | 3,2 M € | +0.1% | 3,2 M € | +1.8% | 3,2 M € | +1.0% | 3,1 M € | +2.9% | 3 M € | +0.5% | 3 M € | +585% | 440,7 k € | -15.2% | 519,8 k € | -0.9% | 524,5 k € | -19.5% | 651,6 k € | -52.7% | 1,4 M € |
| Total assets | 4,1 M € | -0.0% | 4,1 M € | +0.4% | 4,1 M € | +0.4% | 4,1 M € | +1.8% | 4 M € | +3.5% | 3,9 M € | +1.1% | 3,8 M € | +2.3% | 3,8 M € | +1.0% | 3,7 M € | -2.4% | 3,8 M € | -1.6% | 3,9 M € | +0.9% | 3,8 M € | -0.5% | 3,9 M € | +0.1% | 3,9 M € | -0.3% | 3,9 M € | +220% | 1,2 M € | +12.6% | 1,1 M € | +8.4% | 990,5 k € | -9.4% | 1,1 M € | -40.7% | 1,8 M € |
| Cash | 260,4 k € | -8.2% | 283,6 k € | -34.8% | 435,1 k € | -20.9% | 549,9 k € | +27.1% | 432,6 k € | +48.8% | 290,7 k € | -19.4% | 360,9 k € | +28.3% | 281,4 k € | +39.4% | 201,8 k € | +38.2% | 146 k € | +65.8% | 88,1 k € | -6.0% | 93,7 k € | +53.7% | 60,9 k € | +42.8% | 42,7 k € | -38.5% | 69,4 k € | +77.1% | 39,2 k € | +839% | 4,2 k € | +19.8% | 3,5 k € | -81.0% | 18,4 k € | +663% | 2,4 k € |
| Debts | 440,6 k € | -3.6% | 456,9 k € | -3.8% | 475 k € | -6.0% | 505,5 k € | -5.0% | 532,2 k € | +21.7% | 437,3 k € | -5.3% | 461,7 k € | -0.5% | 464,1 k € | -6.0% | 493,5 k € | -14.9% | 579,7 k € | -9.8% | 643 k € | -3.2% | 664,3 k € | -5.9% | 706,2 k € | -10.7% | 791 k € | -2.4% | 810,1 k € | +6.7% | 758,9 k € | +40.2% | 541,2 k € | +50.0% | 360,7 k € | +10.9% | 325,3 k € | -4.9% | 342 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 0,8 ETP | +33.3% | 0,6 ETP | – | ||||||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 500 k€ and 1 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 16 ended
Active mandates
Luc VERHENNE
ActiveEnded mandates
At this address
Other companies at this address
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 22/06/2026 | 01/07/2025 | 01/07/2024 | 03/07/2023 | 28/06/2022 | 22/06/2021 |
| General meeting | 13/06/2026 | 28/06/2025 | 29/06/2024 | 29/06/2023 | 25/06/2022 | 19/06/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 13/06/2026 | 22/06/2026 | Dutch | |
| Micro model | 31/12/2024 | 28/06/2025 | 01/07/2025 | Dutch | |
| Micro model | 31/12/2023 | 29/06/2024 | 01/07/2024 | Dutch | |
| Micro model | 31/12/2022 | 29/06/2023 | 03/07/2023 | Dutch | |
| Abridged model | 31/12/2021 | 25/06/2022 | 28/06/2022 | Dutch | |
| Abridged model | 31/12/2020 | 19/06/2021 | 22/06/2021 | Dutch | |
| Abridged model | 31/12/2019 | 13/06/2020 | 18/06/2020 | Dutch | |
| Abridged model | 31/12/2018 | 08/06/2019 | 11/06/2019 | Dutch | |
| Abridged model | 31/12/2017 | 23/06/2018 | 25/06/2018 | Dutch | |
| Abridged model | 31/12/2016 | 27/06/2017 | 30/06/2017 | Dutch | |
| Abridged model | 31/12/2015 | 16/06/2016 | 24/06/2016 | Dutch | |
| Abridged model | 31/12/2014 | 27/06/2015 | 06/07/2015 | Dutch | |
| Abridged model | 31/12/2013 | 21/06/2014 | 23/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 22/06/2013 | 24/06/2013 | Dutch | |
| Abridged model | 31/12/2011 | 20/06/2012 | 25/06/2012 | Dutch | |
| Abridged model | 31/12/2010 | 30/06/2011 | 14/07/2011 | Dutch | |
| Abridged model | 31/12/2009 | 05/06/2010 | 17/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 29/06/2009 | 06/07/2009 | Dutch | |
| Full model | 31/12/2007 | 28/06/2008 | 04/07/2008 | Dutch | |
| Full model | 31/12/2006 | 29/06/2007 | 17/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 500 k€ and 1 M€
The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 16 ended
Active mandates
Luc VERHENNE
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates22/12/2023KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
- Mandates19/11/2019ONTSLAGEN - BENOEMINGEN
- Mandates04/11/2013ONTSLAGEN - BENOEMINGEN
- Mandates29/01/2010ONTSLAGEN - BENOEMINGEN
- Mandates02/01/2008ONTSLAGEN - BENOEMINGEN
- Mandates25/04/2005ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202517,2 k €↓
- 2024Annual accounts 202431,3 k €↓
- 2023Annual accounts 202349,1 k €↓
- 2022Annual accounts 202297,8 k €↑
- 2021Annual accounts 202143,8 k €↓
- 2020Annual accounts 202076 k €↓
- 2019Annual accounts 201989,7 k €↑
- 2018Annual accounts 201866,7 k €↑
- 2017Annual accounts 2017-3,7 k €↓
- 2016Annual accounts 20163 k €↓
- 2015Annual accounts 201557,9 k €↑
- 2014Annual accounts 201430,4 k €↓
- 2013Annual accounts 201388 k €↑
- 2012Annual accounts 201216 k €↑
- 2011Annual accounts 2011-12 k €↑
- 2010Annual accounts 2010-79 k €↓
- 2009Annual accounts 2009-4,8 k €↑
- 2008Annual accounts 2008-127,1 k €↑
- 2007Annual accounts 2007-726,9 k €↓
- 2006Annual accounts 2006-80,8 k €
- 24/05/1967IncorporationPublic limited company