BELFORM EUROPE
0405.523.643 · rovalta.com · 25/09/2026
ACTIVE
BELFORM EUROPE
Financial year 2025 · Closed on 31/12/2025
Net result-998,3 k €-154,1 %over 1 year
Gross margin-353,9 k €-205,1 %over 1 year
Equity-667,1 k €-301,4 %over 1 year
Workforce12,0 ETP+9,1 %over 1 year
Overview
Identity
Source · BCE/KBOBELFORM EUROPE is a Public limited company incorporated in 1968. Its registered office is in Hasselt. It employs on average 12,0 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0405.523.643
- Incorporation
- 01/01/1968
- Legal form
- Public limited company
- Registered office
- Ekkelgaarden 6A
3500 Hasselt · FlandreSee on map - Contributed capital
- 550 000,00 €
- Latest accounts
- 31/12/2025
- Average workforce
- 12,0 ETP
Joint committees (5)
- 126
- 1260
- 12624
- 200
- 218
Signals
Healthy social debts
Financials
Source · NBB, 20 filingsTrend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | -353,9 k € | -205% | 336,8 k € | -18.7% | 414,3 k € | -55.9% | 940,3 k € | +14.5% | 821,4 k € |
| EBITDA | -1 M € | -311% | -247,9 k € | -740% | 38,8 k € | -93.3% | 581,8 k € | +81.6% | 320,5 k € |
| Operating result | -1,2 M € | -265% | -321,9 k € | -2710% | 12,3 k € | -97.8% | 558,6 k € | +85.7% | 300,8 k € |
| Net result | -998,3 k € | -154% | -392,9 k € | -1418% | -25,9 k € | -107% | 350,4 k € | +73.3% | 202,2 k € |
| Balance sheet | |||||||||
| Equity | -667,1 k € | -301% | 331,3 k € | -54.3% | 724,1 k € | -61.8% | 1,9 M € | +22.7% | 1,5 M € |
| Total assets | 1,4 M € | -15.2% | 1,7 M € | +37.6% | 1,2 M € | -43.0% | 2,1 M € | -13.4% | 2,5 M € |
| Cash | 90,4 k € | +36.6% | 66,2 k € | -47.9% | 126,9 k € | -82.3% | 718,5 k € | -35.3% | 1,1 M € |
| Debts | 1,9 M € | +44.1% | 1,3 M € | +181% | 471,1 k € | +119% | 215 k € | -76.4% | 909,2 k € |
| Other | |||||||||
| Workforce | 12,0 ETP | +9.1% | 11,0 ETP | +27.9% | 8,6 ETP | -6.5% | 9,2 ETP | -20.7% | 11,6 ETP |
Board of directors
Source · NBB, accounts to 31/12/20252 active · 16 ended
Active mandates
Active
Active
Ended mandates
Alexander VANRAES
EndedAlexander VANRAES
EndedMartine MAHEUX
EndedMartine MAHEUX
EndedFinancials
Full financial information
Source · NBB| 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 | 27/08/2026 | 09/09/2025 | 29/05/2024 | 29/06/2023 | 07/06/2022 | 16/07/2021 |
| General meeting | 29/06/2026 | 27/06/2025 | 30/04/2024 | 06/06/2023 | 07/06/2022 | 30/06/2021 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for 7 daysAnnual accounts filings
Source · NBB, 20 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 29/06/2026 | 27/08/2026 | Dutch | |
| Abridged model | 31/12/2024 | 27/06/2025 | 09/09/2025 | Dutch | |
| Abridged model | 31/12/2023 | 30/04/2024 | 29/05/2024 | Dutch | |
| Abridged model | 31/12/2022 | 06/06/2023 | 29/06/2023 | Dutch | |
| Abridged model | 31/12/2021 | 07/06/2022 | 07/06/2022 | Dutch | |
| Abridged model | 31/12/2020 | 30/06/2021 | 16/07/2021 | Dutch | |
| Abridged model | 31/12/2019 | 23/06/2020 | 13/07/2020 | Dutch | |
| Abridged model | 31/12/2018 | 04/06/2019 | 21/06/2019 | Dutch | |
| Abridged model | 31/12/2017 | 30/06/2018 | 11/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 30/06/2017 | 18/07/2017 | Dutch | |
| Abridged model | 31/12/2015 | 07/06/2016 | 04/07/2016 | Dutch | |
| Abridged model | 31/12/2014 | 02/06/2015 | 03/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 03/06/2014 | 01/07/2014 | Dutch | |
| Abridged model | 31/12/2012 | 04/06/2013 | 03/07/2013 | Dutch | |
| Full model | 31/12/2011 | 05/06/2012 | 02/07/2012 | Dutch | |
| Full model | 31/12/2010 | 30/06/2011 | 19/07/2011 | Dutch | |
| Abridged model | 31/12/2009 | 01/06/2010 | 03/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 02/06/2009 | 05/06/2009 | Dutch | |
| Abridged model | 31/12/2007 | 03/06/2008 | 04/06/2008 | Dutch | |
| Abridged model | 31/12/2006 | 30/06/2007 | 28/08/2007 | Dutch |
Valuation
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.
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
Board of directors
Source · NBB, accounts to 31/12/20252 active · 16 ended
Active mandates
Active
Active
Ended mandates
Alexander VANRAES
EndedAlexander VANRAES
EndedMartine MAHEUX
EndedMartine MAHEUX
EndedOwnership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Registered office14/07/2026MAATSCHAPPELIJKE ZETEL
- Mandates10/07/2024ONTSLAGEN - BENOEMINGEN
- Other14/02/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ALGEMENE VERGADERING
- Mandates23/07/2019ONTSLAGEN - BENOEMINGEN
- Mandates26/06/2015ONTSLAGEN - BENOEMINGEN
- Registered office19/02/2014MAATSCHAPPELIJKE ZETEL
- Mandates31/07/2009ONTSLAGEN - BENOEMINGEN
- Mandates15/06/2009ONTSLAGEN - BENOEMINGEN
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-998,3 k €↓
- 2024Annual accounts 2024-392,9 k €↓
- 2023Annual accounts 2023-25,9 k €↓
- 2023Name changeBelform Europe
- 2022Annual accounts 2022350,4 k €↑
- 2021Annual accounts 2021202,2 k €↓
- 2021Name changeZETELFABRIEK VARAM
- 2020Annual accounts 2020984,4 k €↑
- 2019Annual accounts 201989,9 k €↑
- 2018Annual accounts 2018-110,8 k €↑
- 2017Annual accounts 2017-283,6 k €↓
- 2016Annual accounts 2016-248,5 k €↓
- 2015Annual accounts 201542,9 k €↑
- 2014Annual accounts 2014-254,6 k €↓
- 2013Annual accounts 2013-222,6 k €↓
- 2012Annual accounts 201276,5 k €↑
- 2011Annual accounts 201122,1 k €↓
- 2010Annual accounts 201022,2 k €↓
- 2009Annual accounts 2009196,2 k €↑
- 2008Annual accounts 20089,3 k €↑
- 2007Annual accounts 2007-50,5 k €↓
- 2006Annual accounts 2006209,9 k €
- 01/01/1968IncorporationPublic limited company