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Beluma

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Financial year 2025 · closed on 31/12/2025

Net result

593,4 k €

+73.1% YoY

Gross margin

1,7 M €

+4.1% YoY

Equity

460,7 k €

-31.0% YoY

Workforce

4,7 ETP

-43.4% YoY

What does Beluma do?

Beluma is a Public limited company incorporated in 1957. Its registered office is in Aalst. It employs on average 4,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0402.942.453

Incorporation

30/07/1957

Legal form

Public limited company

Registered office

Tragel 3
9300 Aalst · FlandreSee on map

Contributed capital

74 368,00 €

Latest accounts

31/12/2025

Average workforce

4,7 ETP

Joint committees (2)

Contacts

2 public details availableLog in to view

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,7 M €	+4.1%	1,6 M €	-29.7%	2,3 M €	-13.8%	2,7 M €	+21.4%	2,2 M €	+28.2%	1,7 M €	-25.3%	2,3 M €	+5.9%	2,2 M €	+6.2%	2 M €		–		–		–		–		–		–		–		–		–		–
EBITDA	810 k €	+38.6%	584,2 k €	-51.1%	1,2 M €	-28.9%	1,7 M €	+39.7%	1,2 M €	+60.8%	747,6 k €	-37.0%	1,2 M €	+9.5%	1,1 M €	+5.6%	1 M €	+11.8%	918,2 k €	+30.4%	704,3 k €	-3.4%	729,1 k €	+9.8%	663,7 k €	-22.5%	856,5 k €	-12.9%	983,7 k €	+17.6%	836,4 k €	+754%	97,9 k €	-83.8%	603,7 k €	+1.7%	593,5 k €
Operating result	797,7 k €	+68.6%	473,1 k €	-59.5%	1,2 M €	-29.4%	1,7 M €	+41.6%	1,2 M €	+55.2%	752,4 k €	-36.2%	1,2 M €	+9.1%	1,1 M €	+6.7%	1 M €	+11.1%	912,2 k €	+30.7%	697,9 k €	+7.2%	651,3 k €	+10.4%	589,7 k €	-25.7%	793,6 k €	-12.5%	906,9 k €	+16.0%	781,6 k €	+1012%	70,3 k €	-86.8%	534,1 k €	-0.8%	538,2 k €
Net result	593,4 k €	+73.1%	342,9 k €	-59.2%	839,4 k €	-34.3%	1,3 M €	+47.9%	863,8 k €	+58.2%	545,9 k €	-32.6%	810 k €	+9.1%	742,2 k €	+12.2%	661,4 k €	+11.0%	595,6 k €	+31.3%	453,8 k €	+6.5%	426 k €	+14.7%	371,5 k €	-27.2%	510,4 k €	-10.8%	572,2 k €	+14.4%	500,3 k €	+724%	60,7 k €	-80.5%	311,8 k €	-9.9%	346 k €
Balance sheet
Equity	460,7 k €	-31.0%	667,3 k €	-21.0%	844,4 k €	-16.0%	1 M €	+21.5%	827,3 k €	+1.7%	813,5 k €	-8.9%	892,6 k €	+14.0%	782,7 k €	+2.3%	765,4 k €	-2.4%	784,1 k €	+15.6%	678,5 k €	+0.6%	674,7 k €	+0.9%	668,7 k €	-11.7%	757,2 k €	-8.4%	826,8 k €	+26.3%	654,6 k €	+15.0%	569,3 k €	+11.9%	508,6 k €	-14.8%	596,8 k €
Total assets	1,7 M €	+5.8%	1,6 M €	-30.3%	2,3 M €	-16.6%	2,7 M €	+26.7%	2,2 M €	+17.6%	1,8 M €	-4.5%	1,9 M €	+3.6%	1,8 M €	-1.2%	1,9 M €	+12.0%	1,7 M €	+9.8%	1,5 M €	-11.1%	1,7 M €	+20.1%	1,4 M €	-11.6%	1,6 M €	+2.6%	1,6 M €	-22.6%	2 M €	+88.1%	1,1 M €	-11.7%	1,2 M €	-1.4%	1,2 M €
Cash	583 k €	+14.8%	508 k €	-29.1%	716,7 k €	-31.6%	1 M €	+200%	348,6 k €	+25.2%	278,5 k €	+242%	81,5 k €	-55.4%	182,6 k €	-63.1%	495,4 k €	+103%	244 k €	-16.6%	292,4 k €	-33.3%	438,6 k €	+129%	191,5 k €	-2.9%	197,1 k €	-1.3%	199,7 k €	-42.6%	348,1 k €	+173%	127,5 k €	+92.1%	66,3 k €	-6.4%	70,8 k €
Debts	1,2 M €	+65.0%	736 k €	-45.4%	1,3 M €	-21.7%	1,7 M €	+30.0%	1,3 M €	+30.3%	1 M €	-0.8%	1 M €	-4.0%	1,1 M €	-3.6%	1,1 M €	+24.6%	887,4 k €	+6.5%	833,2 k €	-18.8%	1 M €	+37.7%	744,9 k €	-11.1%	837,9 k €	+24.7%	671,9 k €	-49.9%	1,3 M €	+184%	471,4 k €	-33.8%	712,1 k €	+11.1%	641,1 k €
Other
Workforce	4,7 ETP	-43.4%	8,3 ETP	-7.8%	9,0 ETP	+4.7%	8,6 ETP	-20.4%	10,8 ETP	-0.9%	10,9 ETP	-9.2%	12,0 ETP	+3.4%	11,6 ETP	+7.4%	10,8 ETP	-0.9%	10,9 ETP	-7.6%	11,8 ETP	0.0%	11,8 ETP	+3.5%	11,4 ETP	+12.9%	10,1 ETP	-8.2%	11,0 ETP	+0.9%	10,9 ETP	-28.8%	15,3 ETP	+9.3%	14,0 ETP	-8.5%	15,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 14 ended

Active mandates

Eugene Bernardus Roolvink

Managing director · since 15 mai 2023 · until 15 mai 2026

Active

Frits-Hein Onkenhout

Managing director · since 16 septembre 2022 · until 18 mai 2028

Active

Ended mandates

Frits-Hein Onkenhout

Managing director · since 18 mai 2022 · until 18 mai 2028

Ended

Hans Riezebeek

Director · since 18 mai 2022 · until 24 mai 2023

Ended

Hans Riezebeek

Director · since 18 mai 2022 · until 18 mai 2025

Ended

Hans Riezebeek

Director · since 16 mai 2019 · until 11 mai 2022

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged 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	30/06/2026	04/07/2025	06/06/2024	14/06/2023	07/06/2022	16/06/2021
General meeting	15/05/2026	15/05/2025	15/05/2024	15/05/2023	18/05/2022	18/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/05/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	15/05/2025	04/07/2025	Dutch	PDF
Abridged model	31/12/2023	15/05/2024	06/06/2024	Dutch	PDF
Abridged model	31/12/2022	15/05/2023	14/06/2023	Dutch	PDF
Abridged model	31/12/2021	18/05/2022	07/06/2022	Dutch	PDF
Abridged model	31/12/2020	18/05/2021	16/06/2021	Dutch	PDF
Abridged model	31/12/2019	20/05/2020	17/06/2020	Dutch	PDF
Abridged model	31/12/2018	16/05/2019	24/05/2019	Dutch	PDF
Abridged model	31/12/2017	09/05/2018	23/05/2018	Dutch	PDF
Full model	31/12/2016	15/05/2017	15/06/2017	Dutch	PDF
Full model	31/12/2015	17/05/2016	31/05/2016	Dutch	PDF
Full model	31/12/2014	15/05/2015	29/06/2015	Dutch	PDF
Full model	31/12/2013	15/05/2014	22/05/2014	Dutch	PDF
Full model	31/12/2012	15/05/2013	12/07/2013	Dutch	PDF
Full model	31/12/2011	15/05/2012	27/07/2012	Dutch	PDF
Full modelCorrection	31/12/2010	16/05/2011	20/03/2012	Dutch	PDF
Full model	31/12/2010	16/05/2011	24/06/2011	Dutch	PDF
Full model	31/12/2009	17/05/2010	23/06/2010	Dutch	PDF
Full model	31/12/2008	15/05/2009	09/06/2009	Dutch	PDF
Full model	31/12/2007	15/05/2008	04/08/2008	Dutch	PDF
Full model	31/12/2006	15/05/2007	11/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

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 · 14 ended

Active mandates

Eugene Bernardus Roolvink

Managing director · since 15 mai 2023 · until 15 mai 2026

Active

Frits-Hein Onkenhout

Managing director · since 16 septembre 2022 · until 18 mai 2028

Active

Ended mandates

Frits-Hein Onkenhout

Managing director · since 18 mai 2022 · until 18 mai 2028

Ended

Hans Riezebeek

Director · since 18 mai 2022 · until 24 mai 2023

Ended

Hans Riezebeek

Director · since 18 mai 2022 · until 18 mai 2025

Ended

Hans Riezebeek

Director · since 16 mai 2019 · until 11 mai 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other12/07/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL
PDF
Mandates13/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/06/2016
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 2025593,4 k €↑
2024
Annual accounts 2024342,9 k €↓
2023
Annual accounts 2023839,4 k €↓
2022
Annual accounts 20221,3 M €↑
2021
Annual accounts 2021863,8 k €↑
2020
Annual accounts 2020545,9 k €↓
2019
Annual accounts 2019810 k €↑
2018
Annual accounts 2018742,2 k €↑
2017
Annual accounts 2017661,4 k €↑
2016
Annual accounts 2016595,6 k €↑
2015
Annual accounts 2015453,8 k €↑
2014
Annual accounts 2014426 k €↑
2013
Annual accounts 2013371,5 k €↓
2012
Annual accounts 2012510,4 k €↓
2011
Annual accounts 2011572,2 k €↑
2010
Annual accounts 2010500,3 k €↑
2009
Annual accounts 200960,7 k €↓
2008
Annual accounts 2008311,8 k €↓
2007
Annual accounts 2007346 k €
30/07/1957
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

Beluma

Overview

What does Beluma do?

Trend over 19 financial years

Indicative valuation

Board of directors

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