VOLUNTARY DISSOLUTION - LIQUIDATION

BELUGA

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Financial year 2025 · closed on 31/12/2025

Net result

-6,6 k €

-113.9% YoY

Equity

977 k €

-0.7% YoY

Company — Voluntary dissolution - liquidation.

What does BELUGA do?

BELUGA is a Public limited company incorporated in 1897. Its main activity is: Management consultancy activities. Its registered office is in Rixensart.

Legal situation

● Voluntary dissolution - liquidation

BCE/KBO no. / VAT

BE 0401.765.981

Incorporation

12/01/1897

Legal form

Public limited company

Registered office

Rue du Baillois 43
1330 Rixensart · WallonieSee on map

Contributed capital

4 610 247,39 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 46331Wholesale of dairy products, eggs and edible oils and fats 46331Wholesale of dairy products, eggs and edible oils and fats 64200Activities of holding companies 64210Activities of holding companies+2

Signals

Solid equityGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

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
Revenue	–		–		1,5 k €		–		–		763 €	-100.0%	3,6 M €	-39.3%	6 M €	+1.7%	5,9 M €	+3.1%	5,7 M €	+115%	2,7 M €	+47049%	5,6 k €	-50.0%	11,3 k €	0.0%	11,3 k €	0.0%	11,3 k €	0.0%	11,3 k €	+71.4%	6,6 k €		–		–		–
EBITDA	-20,3 k €	+63.4%	-55,6 k €	+80.4%	-283,8 k €	-20.1%	-236,3 k €	+4.3%	-246,9 k €	-251%	163,2 k €	-93.0%	2,3 M €	+278%	618,8 k €	+76.8%	350 k €	+110%	-3,6 M €	-24135%	15,2 k €	+109%	-175,2 k €	-92.9%	-90,8 k €	+46.6%	-170,2 k €	-30.6%	-130,2 k €	+11.2%	-146,7 k €	+8.2%	-159,7 k €	-263%	97,9 k €	+118%	-531,2 k €	-167%	-199 k €
Operating result	-20,3 k €	+63.4%	-55,6 k €	+83.5%	-336,8 k €	-42.5%	-236,3 k €	+4.3%	-246,9 k €	-87.0%	-132 k €	-106%	2,2 M €	+513%	364,2 k €	+1297%	26,1 k €	+101%	-4 M €	-8536%	-45,7 k €	+76.9%	-197,9 k €	-117%	-91,3 k €	+46.3%	-170,2 k €	-29.0%	-131,9 k €	+10.1%	-146,7 k €	+8.3%	-159,9 k €	-264%	97,7 k €	+118%	-531,4 k €	-166%	-199,4 k €
Net result	-6,6 k €	-114%	47,5 k €	+124%	-201,1 k €	+58.4%	-483,7 k €	-240%	-142,4 k €	-725%	22,8 k €	-98.9%	2,2 M €	+499%	360,5 k €	+3516%	-10,6 k €	-111%	99,6 k €	+194%	-106,4 k €	+94.7%	-2 M €	-817%	-218,9 k €	-160%	365,1 k €	+510%	-89,2 k €	+15.0%	-104,9 k €	+29.1%	-147,9 k €	-140%	372 k €	-39.8%	618,4 k €	+239%	-443,7 k €
Balance sheet
Equity	977 k €	-0.7%	983,6 k €	-75.0%	3,9 M €	-5.2%	4,2 M €	-10.4%	4,6 M €	-3.0%	4,8 M €	+0.4%	4,8 M €	+53.7%	3,1 M €	+13.2%	2,7 M €	+0.4%	2,7 M €	+3.8%	2,6 M €	-3.9%	2,7 M €	-42.4%	4,7 M €	-5.5%	5 M €	+4.8%	4,8 M €	-4.5%	5 M €	-4.6%	5,3 M €	-5.1%	5,5 M €	+4.4%	5,3 M €	+10.0%	4,8 M €
Total assets	1 M €	-2.3%	1 M €	-74.2%	4,1 M €	-9.1%	4,5 M €	-11.0%	5 M €	-8.9%	5,5 M €	-4.8%	5,8 M €	+22.0%	4,7 M €	+23.3%	3,8 M €	-2.7%	3,9 M €	+22.2%	3,2 M €	+15.4%	2,8 M €	-42.3%	4,9 M €	-9.0%	5,3 M €	+5.0%	5,1 M €	-4.8%	5,3 M €	-4.4%	5,6 M €	-5.2%	5,9 M €	-1.2%	6 M €	+19.4%	5 M €
Cash	24,4 k €	-34.2%	37 k €	-98.5%	2,5 M €	+56.5%	1,6 M €	-18.4%	1,9 M €	-36.1%	3 M €	+12.4%	2,7 M €	+53.1%	1,8 M €	+98.1%	891,7 k €	-25.8%	1,2 M €	+23.4%	974,3 k €	-51.9%	2 M €	-9.7%	2,2 M €	+311%	546,2 k €	-73.6%	2,1 M €	-24.6%	2,7 M €	+24.5%	2,2 M €	+156%	859,5 k €	+53.0%	561,8 k €	-31.3%	818,1 k €
Debts	38,7 k €	-31.6%	56,5 k €	-48.1%	108,9 k €	-64.4%	306 k €	-18.5%	375,6 k €	-48.1%	723,7 k €	-29.0%	1 M €	-37.9%	1,6 M €	+48.1%	1,1 M €	-8.0%	1,2 M €	+98.6%	606,8 k €	+784%	68,6 k €	-42.2%	118,7 k €	-59.4%	292,2 k €	-3.0%	301,2 k €	-2.8%	309,8 k €	-1.7%	315,1 k €	-7.3%	339,7 k €	-2.2%	347,5 k €	+92.8%	180,2 k €

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 80 ended

Active mandates

BST REVISEURS D'ENTREPRISES - BST BEDRIJFREVISOREN

Liquidator · since 01 novembre 2023 · 0444.708.673

Represented by DIRK SMETS

Active

LONGEVAL

Liquidator · since 01 novembre 2023 · 0401.189.228

Represented by PHILIPPE WEILL

Active

Ended mandates

Philippe Berlamont

Director · since 20 mai 2022 · until 16 mai 2025

Ended

PHILIPPE BERLAMONT

Director · since 20 mai 2022 · until 31 octobre 2023

Ended

Alice Weill

Director · since 21 mai 2021 · until 16 mai 2025

Ended

ALICE WEILL

Director · since 21 mai 2021 · until 31 octobre 2023

Ended

At this address

Other companies at this address

Company	CBE no.
C.H.B. Comptoir Houiller Bruxellois● Bankrupt	0407.032.487
Clost● Active	0792.841.277
LONGEVAL● Active	0401.189.228

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	02/06/2026	23/06/2025	11/06/2024	27/06/2023	09/06/2022	21/06/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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

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Filings

Annual accounts filings

78 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	15/05/2026	02/06/2026	French	PDF
Full model	31/12/2024	16/05/2025	23/06/2025	French	PDF
Full model	31/12/2023	17/05/2024	11/06/2024	French	PDF
Full model	31/12/2022	19/05/2023	27/06/2023	French	PDF
Full model	31/12/2021	20/05/2022	09/06/2022	French	PDF
Full model	31/12/2020	21/05/2021	21/06/2021	French	PDF
Consolidated accounts	31/12/2020	21/05/2021	21/06/2021	French	PDF
Full model	31/12/2019	15/05/2020	11/06/2020	Dutch	PDF
Consolidated accounts	31/12/2019	15/05/2020	11/06/2020	Dutch	PDF
Full model	31/12/2018	17/05/2019	17/06/2019	Dutch	PDF
Consolidated accounts	31/12/2018	17/05/2019	20/06/2019	Dutch	PDF
Full model	31/12/2017	18/05/2018	28/05/2018	Dutch	PDF
Consolidated accounts	31/12/2017	18/05/2018	28/05/2018	Dutch	PDF
Full model	31/12/2016	19/05/2017	29/06/2017	Dutch	PDF
Consolidated accounts	31/12/2016	19/05/2017	06/07/2017	Dutch	PDF
Full model	31/12/2015	20/05/2016	09/06/2016	Dutch	PDF
Consolidated accounts	31/12/2015	20/05/2016	09/06/2016	Dutch	PDF
Full model	31/12/2014	15/05/2015	08/06/2015	Dutch	PDF
Consolidated accounts	31/12/2014	15/05/2015	10/06/2015	Dutch	PDF
Full model	31/12/2013	16/05/2014	13/06/2014	Dutch	PDF
Consolidated accounts	31/12/2013	16/05/2014	16/06/2014	Dutch	PDF
Full model	31/12/2012	17/05/2013	07/06/2013	Dutch	PDF
Consolidated accounts	31/12/2012	17/05/2013	11/06/2013	Dutch	PDF
Full model	31/12/2011	18/05/2012	18/06/2012	Dutch	PDF

View all 78 filings

Estimate

Indicative valuation

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.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 80 ended

Active mandates

BST REVISEURS D'ENTREPRISES - BST BEDRIJFREVISOREN

Liquidator · since 01 novembre 2023 · 0444.708.673

Represented by DIRK SMETS

Active

LONGEVAL

Liquidator · since 01 novembre 2023 · 0401.189.228

Represented by PHILIPPE WEILL

Active

Ended mandates

Philippe Berlamont

Director · since 20 mai 2022 · until 16 mai 2025

Ended

PHILIPPE BERLAMONT

Director · since 20 mai 2022 · until 31 octobre 2023

Ended

Alice Weill

Director · since 21 mai 2021 · until 16 mai 2025

Ended

ALICE WEILL

Director · since 21 mai 2021 · until 31 octobre 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/05/2026
DEMISSIONS, NOMINATIONS
PDF
Other17/04/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates20/02/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates21/11/2023
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...) - DEMISSIONS, NOMINATIONS
PDF
Mandates20/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/10/2020
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring02/09/2020
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates28/08/2020
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-6,6 k €↓
2024
Annual accounts 202447,5 k €↑
2023
Annual accounts 2023-201,1 k €↑
2023
Name changeBELUGA en liquidation
2022
Annual accounts 2022-483,7 k €↓
2021
Annual accounts 2021-142,4 k €↓
2021
Name changeBELUGA
2020
Annual accounts 202022,8 k €↓
2019
Annual accounts 20192,2 M €↑
2018
Annual accounts 2018360,5 k €↑
2017
Annual accounts 2017-10,6 k €↓
2016
Annual accounts 201699,6 k €↑
2015
Annual accounts 2015-106,4 k €↑
2014
Annual accounts 2014-2 M €↓
2013
Annual accounts 2013-218,9 k €↓
2012
Annual accounts 2012365,1 k €↑
2011
Annual accounts 2011-89,2 k €↑
2010
Annual accounts 2010-104,9 k €↑
2009
Annual accounts 2009-147,9 k €↓
2008
Annual accounts 2008372 k €↓
2007
Annual accounts 2007618,4 k €↑
2006
Annual accounts 2006-443,7 k €
12/01/1897
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

BELUGA

Overview

What does BELUGA do?

Trend over 20 financial years

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline