Belsac
0405.954.007 · rovalta.com · 22/09/2026
ACTIVE
Belsac
Financial year 2025 · closed on 30/06/2025
Net result
-101 k €
+12.7% YoY
Gross margin
8,2 k €
+969.0% YoY
Equity
3,7 M €
-2.7% YoY
Overview
What does Belsac do?
Belsac is a Private limited company incorporated in 1968. Its main activity is: Other personal service activities n.e.c.. Its registered office is in Maarkedal.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0405.954.007
Incorporation
09/07/1968
Legal form
Private limited company
Registered office
Herpelstraat 4
9688 Maarkedal · FlandreSee on map
9688 Maarkedal · FlandreSee on map
Contributed capital
800 000,00 €
Latest accounts
30/06/2025
Activities (NACE)
Joint committees (2)
- 116
- 207
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 17 financial years
| 2025 | 2024 | 2023 | 2022 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||
| Gross margin | 8,2 k € | +969% | 766 € | -96.2% | 20,1 k € | +78.2% | 11,3 k € | -72.2% | 40,6 k € | -39.8% | 67,3 k € | +1.1% | 66,6 k € | -38.7% | 108,6 k € | -58.3% | 260,5 k € | -81.4% | 1,4 M € | +26830% | -5,2 k € | -100% | 1,7 M € | +104595% | -1,7 k € | +77.1% | -7,3 k € | -1389% | 564 € | -99.0% | 58,4 k € | -27.4% | 80,5 k € |
| EBITDA | 2,8 k € | +139% | -7,3 k € | -148% | 15,2 k € | +179% | 5,4 k € | -83.6% | 33,2 k € | -45.9% | 61,4 k € | -6.5% | 65,7 k € | -34.4% | 100,1 k € | -61.4% | 259,1 k € | -81.5% | 1,4 M € | +17069% | -8,2 k € | -100% | 1,7 M € | +103992% | -1,7 k € | +77.4% | -7,4 k € | -44.7% | -5,1 k € | +74.7% | -20,1 k € | -458% | -3,6 k € |
| Operating result | -127,3 k € | +8.6% | -139,3 k € | -18.3% | -117,8 k € | +6.5% | -126 k € | -1.7% | -123,8 k € | -32.2% | -93,7 k € | -2.8% | -91,1 k € | -32.3% | -68,9 k € | -180% | 86,4 k € | -93.0% | 1,2 M € | +849% | -164,5 k € | -110% | 1,6 M € | +96789% | -1,7 k € | +88.2% | -14,1 k € | -34.6% | -10,5 k € | +58.5% | -25,3 k € | -53.3% | -16,5 k € |
| Net result | -101 k € | +12.7% | -115,6 k € | -22.8% | -94,2 k € | +7.8% | -102,2 k € | -126% | -45,3 k € | -102% | 2,1 M € | +1912% | -115 k € | +36.7% | -181,6 k € | -9310% | -1,9 k € | -100% | 945,3 k € | +658% | -169,4 k € | -117% | 1 M € | +19683% | -5,2 k € | +63.1% | -14,2 k € | -37.2% | -10,3 k € | +63.5% | -28,3 k € | -63.0% | -17,4 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||
| Equity | 3,7 M € | -2.7% | 3,8 M € | -3.0% | 3,9 M € | -2.4% | 4 M € | -8.8% | 4,4 M € | -1.0% | 4,4 M € | +89.5% | 2,3 M € | -4.7% | 2,4 M € | -6.9% | 2,6 M € | -0.1% | 2,6 M € | +192% | 899,9 k € | -15.8% | 1,1 M € | +2248% | 45,5 k € | -10.3% | 50,8 k € | -21.8% | 64,9 k € | -13.7% | 75,2 k € | -27.3% | 103,5 k € |
| Total assets | 4,4 M € | -3.2% | 4,6 M € | -3.8% | 4,8 M € | -2.3% | 4,9 M € | -11.1% | 5,5 M € | -8.3% | 6 M € | -14.7% | 7 M € | -0.5% | 7,1 M € | -0.6% | 7,1 M € | -10.3% | 7,9 M € | +25.9% | 6,3 M € | +10.3% | 5,7 M € | +3266% | 169,2 k € | +140% | 70,3 k € | -13.8% | 81,6 k € | -11.5% | 92,3 k € | -44.4% | 165,9 k € |
| Cash | 199,1 k € | -26.1% | 269,5 k € | -66.6% | 808 k € | +1.2% | 798,2 k € | +214% | 254,4 k € | -4.2% | 265,7 k € | -35.9% | 414,3 k € | +11.6% | 371,4 k € | +22.8% | 302,5 k € | -69.1% | 979,9 k € | +2690% | 35,1 k € | -82.6% | 201,9 k € | +115258% | 175 € | -91.9% | 2,2 k € | -71.3% | 7,5 k € | -74.5% | 29,5 k € | +91.4% | 15,4 k € |
| Debts | 158,8 k € | -13.0% | 182,6 k € | -12.8% | 209,2 k € | -4.6% | 219,4 k € | -36.8% | 347,2 k € | -55.2% | 775,3 k € | -80.0% | 3,9 M € | +2.8% | 3,8 M € | +4.6% | 3,6 M € | -18.0% | 4,4 M € | -8.9% | 4,8 M € | +19.1% | 4 M € | +3182% | 123,1 k € | +529% | 19,6 k € | +17.1% | 16,7 k € | -1.8% | 17 k € | -72.7% | 62,4 k € |
| Other | |||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1,5 ETP | 0.0% | 1,5 ETP | |||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 30/06/2025 · 1 active · 4 ended
Active mandates
Lieveke Reynaert
ActiveEnded mandates
Berc SAATCI
EndedLIEVEKE REYNAERT
EndedMARC PONNET
EndedMARC PONNET
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
| 0448.541.064 | |
Lieve Reynaert● Active | 0765.293.772 |
Monbeau● Active | 0823.740.925 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Abridged model | Micro model | Abridged model |
| Start of the financial year | 01/07/2024 | 01/07/2023 | 01/07/2022 | 01/07/2021 | 01/07/2020 | 01/07/2019 |
| Closing of the financial year | 30/06/2025 | 30/06/2024 | 30/06/2023 | 30/06/2022 | 30/06/2021 | 30/06/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 29/01/2026 | 04/02/2025 | 29/01/2024 | 30/01/2023 | 31/01/2022 | 28/01/2021 |
| General meeting | 30/12/2025 | 24/01/2025 | 30/12/2023 | 30/12/2022 | 05/01/2022 | 28/12/2020 |
| 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 | 30/06/2025 | 30/12/2025 | 29/01/2026 | Dutch | |
| Micro model | 30/06/2024 | 24/01/2025 | 04/02/2025 | Dutch | |
| Micro model | 30/06/2023 | 30/12/2023 | 29/01/2024 | Dutch | |
| Abridged model | 30/06/2022 | 30/12/2022 | 30/01/2023 | Dutch | |
| Micro model | 30/06/2021 | 05/01/2022 | 31/01/2022 | Dutch | |
| Abridged model | 30/06/2020 | 28/12/2020 | 28/01/2021 | Dutch | |
| Abridged model | 30/06/2019 | 08/11/2019 | 09/12/2019 | Dutch | |
| Abridged model | 30/06/2018 | 23/09/2018 | 01/10/2018 | Dutch | |
| Micro model | 30/06/2017 | 22/09/2017 | 16/01/2018 | Dutch | |
| Abridged model | 30/06/2016 | 20/12/2016 | 27/12/2016 | Dutch | |
| Abridged model | 30/06/2015 | 28/12/2015 | 02/01/2016 | Dutch | |
| Abridged model | 30/06/2014 | 14/01/2015 | 15/01/2015 | Dutch | |
| Abridged model | 30/06/2013 | 15/01/2014 | 04/02/2014 | Dutch | |
| Abridged model | 30/06/2012 | 06/09/2012 | 28/02/2013 | Dutch | |
| Abridged model | 30/06/2011 | 19/03/2012 | 30/03/2012 | Dutch | |
| Abridged model | 30/09/2010 | 18/03/2011 | 26/05/2011 | French | |
| Abridged model | 30/09/2009 | 15/03/2010 | 10/11/2010 | French | |
| Abridged model | 30/09/2008 | 28/03/2009 | 10/11/2010 | French | |
| Abridged model | 30/09/2007 | 20/03/2008 | 04/09/2008 | French | |
| Abridged model | 31/12/2006 | 15/05/2007 | 13/06/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 k€ and 250 k€
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 30/06/2025 · 1 active · 4 ended
Active mandates
Lieveke Reynaert
ActiveEnded mandates
Berc SAATCI
EndedLIEVEKE REYNAERT
EndedMARC PONNET
EndedMARC PONNET
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other17/01/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Capital / shares12/07/2013CAPITAL, ACTIONS
- Mandates11/04/2011OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Registered office01/04/2011SIEGE SOCIAL
- Mandates20/01/2011DEMISSIONS, NOMINATIONS
- Other11/08/2010ASSEMBLEE GENERALE - ANNEE COMPTABLE
- Registered office05/08/2010SIEGE SOCIAL
- Registered office04/01/2010SIEGE SOCIAL
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 2025-101 k €↑
- 2024Annual accounts 2024-115,6 k €↓
- 2023Annual accounts 2023-94,2 k €↑
- 2022Annual accounts 2022-102,2 k €↓
- 2018Annual accounts 2018-45,3 k €↓
- 2017Annual accounts 20172,1 M €↑
- 2016Annual accounts 2016-115 k €↑
- 2015Annual accounts 2015-181,6 k €↓
- 2014Annual accounts 2014-1,9 k €↓
- 2013Annual accounts 2013945,3 k €↑
- 2012Annual accounts 2012-169,4 k €↓
- 2011Annual accounts 20111 M €↑
- 2010Annual accounts 2010-5,2 k €↑
- 2009Annual accounts 2009-14,2 k €↓
- 2008Annual accounts 2008-10,3 k €↑
- 2007Annual accounts 2007-28,3 k €↓
- 2006Annual accounts 2006-17,4 k €
- 09/07/1968IncorporationPrivate limited company