ACTIVE

BELTRADI

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Financial year 2025 · closed on 31/12/2025

Net result

46,1 k €

-5.0% YoY

Gross margin

91,3 k €

-1.3% YoY

Equity

555,1 k €

-19.2% YoY

What does BELTRADI do?

BELTRADI is a Private limited company incorporated in 1964. Its main activity is: Management consultancy activities. Its registered office is in Watermael-Boitsfort.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0405.671.321

Incorporation

11/07/1964

Legal form

Private limited company

Registered office

Rue des Touristes 20
1170 Watermael-Boitsfort · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 46190Agents involved in the sale of a variety of goods 46190Agents involved in the sale of a variety of goods

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	91,3 k €	-1.3%	92,5 k €	-42.1%	159,8 k €	-41.9%	275,1 k €	+19.4%	230,3 k €	+27.1%	181,2 k €	+38.5%	130,8 k €	+13.5%	115,2 k €	-84.6%	748,6 k €	+14.8%	652,1 k €	-1.2%	660 k €	+9.3%	603,7 k €	+3.2%	585,1 k €	+19.2%	490,7 k €	-8.9%	538,5 k €	-7.5%	582 k €	+9.3%	532,4 k €	+4.9%	507,4 k €
EBITDA	75,5 k €	-6.2%	80,4 k €	-45.7%	148,2 k €	-43.3%	261,5 k €	+19.3%	219,1 k €	+28.4%	170,7 k €	+41.5%	120,6 k €	+19.2%	101,1 k €	-21.6%	128,9 k €	+17.6%	109,6 k €	+1.0%	108,6 k €	-7.0%	116,7 k €	+7.3%	108,8 k €	+58.6%	68,6 k €	+16.9%	58,7 k €	-27.8%	81,3 k €	+22.8%	66,2 k €	+10.4%	59,9 k €
Operating result	67 k €	-4.4%	70,1 k €	-46.2%	130,3 k €	-46.8%	245 k €	+22.2%	200,5 k €	+26.0%	159,1 k €	+41.3%	112,5 k €	+47.6%	76,3 k €	-22.3%	98,1 k €	+26.3%	77,7 k €	+2.1%	76,1 k €	-10.1%	84,6 k €	+8.1%	78,2 k €	+111%	37 k €	+42.3%	26 k €	-45.0%	47,3 k €	+48.7%	31,8 k €	+23.5%	25,7 k €
Net result	46,1 k €	-5.0%	48,5 k €	-50.0%	97,1 k €	-37.7%	155,8 k €	+15.1%	135,4 k €	+38.0%	98,1 k €	+1253%	7,2 k €	-90.4%	75,1 k €	+40.7%	53,4 k €	-3.0%	55,1 k €	-6.1%	58,6 k €	+0.6%	58,3 k €	-8.2%	63,5 k €	+87.1%	33,9 k €	+28.8%	26,3 k €	-28.5%	36,8 k €	+59.6%	23,1 k €	+39.9%	16,5 k €
Balance sheet
Equity	555,1 k €	-19.2%	686,9 k €	-13.9%	797,3 k €	-0.1%	798,3 k €	+21.2%	658,5 k €	+21.3%	542,8 k €	-47.2%	1 M €	+0.7%	1 M €	+7.9%	945,6 k €	+6.0%	892,2 k €	+6.6%	837,1 k €	-0.7%	843,3 k €	+7.4%	785 k €	+8.8%	721,5 k €	+4.9%	687,6 k €	+4.0%	661,2 k €	+5.9%	624,4 k €	+3.8%	601,3 k €
Total assets	736,5 k €	-13.1%	847,4 k €	-10.3%	945 k €	+15.2%	820,2 k €	+8.8%	754,1 k €	+37.8%	547,4 k €	-48.7%	1,1 M €	+0.6%	1,1 M €	+8.9%	973,9 k €	-1.0%	983,2 k €	+5.5%	931,6 k €	-2.9%	959,6 k €	+5.6%	908,5 k €	-0.7%	914,6 k €	+4.6%	874,3 k €	+3.6%	844,1 k €	-9.5%	932,6 k €	-10.5%	1 M €
Cash	108,5 k €	-58.9%	264,1 k €	-31.2%	383,9 k €	+199%	128,2 k €	-14.2%	149,5 k €	-26.5%	203,4 k €	-48.3%	393,4 k €	+4.3%	377 k €	+67.6%	224,9 k €	-6.4%	240,3 k €	-11.9%	272,8 k €	+67.8%	162,6 k €	+75.1%	92,9 k €	+421%	17,8 k €	-82.5%	102,1 k €	+96.0%	52,1 k €	+34.6%	38,7 k €	-1.0%	39,1 k €
Debts	181,4 k €	+13.0%	160,5 k €	+8.8%	147,6 k €	+574%	21,9 k €	-77.1%	95,7 k €	+1985%	4,6 k €	-88.2%	38,8 k €	+11.8%	34,7 k €	+84.9%	18,8 k €	-75.5%	76,8 k €	+1.7%	75,5 k €	-18.4%	92,6 k €	-2.6%	95 k €	-40.6%	159,9 k €	+7.5%	148,7 k €	+10.5%	134,6 k €	-46.7%	252,7 k €	-33.9%	382,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		8,6 ETP	+13.2%	7,6 ETP	-11.6%	8,6 ETP	+13.2%	7,6 ETP	-1.3%	7,7 ETP	-4.9%	8,1 ETP	-8.0%	8,8 ETP	-4.3%	9,2 ETP	+5.7%	8,7 ETP	-6.5%	9,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 19 ended

Active mandates

Paul ZVENY

Director · since 01 juin 2016

Active

Brigitte D'HAINAUT

Director · since 27 octobre 2015

Active

Ended mandates

Alexis ZVENY

Manager · since 01 juin 2016

Ended

ALEXIS ZVENY

Manager · since 01 juin 2016 · until 22 août 2018

Ended

Dimitri ZVENY

Manager · since 01 juin 2016

Ended

DIMITRI ZVENY

Manager · since 01 juin 2016 · until 22 août 2018

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	17/07/2026	21/08/2025	30/09/2024	10/07/2023	30/08/2022	30/08/2021
General meeting	30/06/2026	07/08/2025	16/09/2024	26/05/2023	27/05/2022	28/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	17/07/2026	French	PDF
Micro model	31/12/2024	07/08/2025	21/08/2025	French	PDF
Micro model	31/12/2023	16/09/2024	30/09/2024	French	PDF
Micro model	31/12/2022	26/05/2023	10/07/2023	French	PDF
Micro model	31/12/2021	27/05/2022	30/08/2022	French	PDF
Micro model	31/12/2020	28/05/2021	30/08/2021	French	PDF
Micro model	31/12/2019	29/05/2020	16/06/2020	French	PDF
Micro model	31/12/2018	31/05/2019	24/06/2019	French	PDF
Micro model	31/12/2017	25/05/2018	25/07/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	19/07/2017	French	PDF
Abridged model	31/12/2015	01/06/2016	20/06/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	30/06/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	10/07/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	20/07/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	29/07/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	12/07/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	17/06/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	18/08/2008	French	PDF
Abridged model	31/12/2006	25/05/2007	22/06/2007	French	PDF

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.

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 31/12/2024 · 2 active · 19 ended

Active mandates

Paul ZVENY

Director · since 01 juin 2016

Active

Brigitte D'HAINAUT

Director · since 27 octobre 2015

Active

Ended mandates

Alexis ZVENY

Manager · since 01 juin 2016

Ended

ALEXIS ZVENY

Manager · since 01 juin 2016 · until 22 août 2018

Ended

Dimitri ZVENY

Manager · since 01 juin 2016

Ended

DIMITRI ZVENY

Manager · since 01 juin 2016 · until 22 août 2018

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates13/09/2018
DENOMINATION - SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates09/09/2016
DEMISSIONS, NOMINATIONS
PDF
Other13/11/2015
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Capital / shares04/12/2013
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates12/07/2013
DEMISSIONS, NOMINATIONS
PDF
Capital / shares25/01/2013
CAPITAL, ACTIONS
PDF
Other08/12/2008
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202546,1 k €↓
2024
Annual accounts 202448,5 k €↓
2023
Annual accounts 202397,1 k €↓
2022
Annual accounts 2022155,8 k €↑
2021
Annual accounts 2021135,4 k €↑
2018
Annual accounts 201898,1 k €↑
2017
Annual accounts 20177,2 k €↓
2016
Annual accounts 201675,1 k €↑
2015
Annual accounts 201553,4 k €↓
2014
Annual accounts 201455,1 k €↓
2013
Annual accounts 201358,6 k €↑
2012
Annual accounts 201258,3 k €↓
2011
Annual accounts 201163,5 k €↑
2010
Annual accounts 201033,9 k €↑
2009
Annual accounts 200926,3 k €↓
2008
Annual accounts 200836,8 k €↑
2007
Annual accounts 200723,1 k €↑
2006
Annual accounts 200616,5 k €
11/07/1964
IncorporationPrivate 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

BELTRADI

Overview

What does BELTRADI do?

Trend over 18 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