ACTIVE

BEL BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result4 M €-29,4 %over 1 year
Revenue116,2 M €+1,3 %over 1 year
Equity8,2 M €+0,2 %over 1 year
Workforce57,0 ETP-4,8 %over 1 year

Identity

Source · BCE/KBO

BEL BELGIUM is a Public limited company incorporated in 1968. Its main activity is: Wholesale of dairy products, eggs and edible oils and fats. Its registered office is in Braine-l'Alleud. It employs on average 57,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0406.085.946
Incorporation
23/12/1968
Legal form
Public limited company
Registered office
Avenue de Finlande 2 box 1
1420 Braine-l'Alleud · WallonieSee on map
Contributed capital
5 000 000,00 €
Latest accounts
31/12/2025
Average workforce
57,0 ETP
Joint committees (4)
  • 119
  • 200
  • 218
  • 220
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue116,2 M €114,8 M €113,1 M €106,5 M €129,1 M €
EBITDA6,1 M €6,9 M €6,6 M €5,1 M €7,2 M €
Operating result5,3 M €6,8 M €6,3 M €4,5 M €7 M €
Net result4 M €5,6 M €5,1 M €3,2 M €5,2 M €
Balance sheet
Equity8,2 M €8,1 M €20,1 M €20,1 M €20 M €
Total assets37,6 M €40,7 M €50,3 M €48 M €47,4 M €
Cash699,2 k €328,3 k €37,5 k €1,7 M €15,4 k €
Debts28,7 M €32,6 M €29,9 M €27,7 M €27,3 M €
Other
Workforce57,0 ETP59,9 ETP58,6 ETP60,2 ETP60,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 33 ended

Active mandates

Antoine FIEVET

Chairman of the board of directors · since 27 juin 2024 · until 28 juin 2029

Active
Frédéric MEDARD

Director · since 27 juin 2024 · until 28 juin 2029

Active
Bernard LORENT

Director · since 29 juin 2023 · until 28 juin 2026

Active

Ended mandates

Antoine FIEVET

Chairman of the board of directors · since 28 juin 2024 · until 28 juin 2029

Ended
Frédéric MEDARD

Director · since 28 juin 2024 · until 28 juin 2029

Ended
Antoine FIEVET

Chairman of the board of directors · since 08 juin 2021 · until 11 juin 2024

Ended
Antoine FIEVET

Chairman of the board of directors · since 08 juin 2021 · until 28 juin 2024

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202603/07/202508/07/202416/06/202324/06/202201/07/2021
General meeting25/06/202626/06/202527/06/202413/06/202314/06/202208/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202525/06/202630/06/2026FrenchPDF
Full model31/12/202426/06/202503/07/2025FrenchPDF
Full model31/12/202327/06/202408/07/2024FrenchPDF
Full model31/12/202213/06/202316/06/2023FrenchPDF
Full model31/12/202114/06/202224/06/2022FrenchPDF
Full model31/12/202008/06/202101/07/2021FrenchPDF
Full model31/12/201909/06/202009/07/2020FrenchPDF
Full model31/12/201811/06/201919/06/2019FrenchPDF
Full model31/12/201712/06/201803/07/2018FrenchPDF
Full model31/12/201613/06/201721/06/2017FrenchPDF
Full model31/12/201514/06/201601/07/2016FrenchPDF
Full model31/12/201409/06/201503/07/2015FrenchPDF
Full model31/12/201310/06/201407/07/2014FrenchPDF
Full model31/12/201211/06/201327/06/2013FrenchPDF
Full model31/12/201112/06/201220/06/2012FrenchPDF
Full model31/12/201014/06/201130/06/2011FrenchPDF
Full model31/12/200908/06/201006/07/2010FrenchPDF
Full model31/12/200809/06/200902/07/2009FrenchPDF
Full model31/12/200710/06/200811/07/2008FrenchPDF
Full model31/12/200612/06/200705/07/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 33 ended

Active mandates

Antoine FIEVET

Chairman of the board of directors · since 27 juin 2024 · until 28 juin 2029

Active
Frédéric MEDARD

Director · since 27 juin 2024 · until 28 juin 2029

Active
Bernard LORENT

Director · since 29 juin 2023 · until 28 juin 2026

Active

Ended mandates

Antoine FIEVET

Chairman of the board of directors · since 28 juin 2024 · until 28 juin 2029

Ended
Frédéric MEDARD

Director · since 28 juin 2024 · until 28 juin 2029

Ended
Antoine FIEVET

Chairman of the board of directors · since 08 juin 2021 · until 11 juin 2024

Ended
Antoine FIEVET

Chairman of the board of directors · since 08 juin 2021 · until 28 juin 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other21/09/2026
    Délégué à la gestion journalière - Fin
    PDF
  • Mandates04/08/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/08/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/12/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/07/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/06/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/02/2025
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20254 M €↓
  2. 26/06/2025
    reconductionAman Kuderbux — commissaire
  3. 27/05/2025
    nominationJean-David Thumelaire — gestion journalière
  4. 01/01/2025
    nominationMaxime Hubert — Directeur Administratif et Financier (Représentant Permanent de MaxHub SRL)
  5. 01/01/2025
    nominationSven Lamotte — représentant permanent
  6. 01/01/2025
    nominationMaxime HUBERT — Représentant Permanent
  7. 2024
    Annual accounts 20245,6 M €↑
  8. 14/10/2024
    reduction_capital
  9. 27/06/2024
    reconductionAntoine Fievet — administrateur
  10. 27/06/2024
    reconductionFrédéric Medard — administrateur
  11. 2023
    Annual accounts 20235,1 M €↑
  12. 2022
    Annual accounts 20223,2 M €↓
  13. 20/06/2022
    nominationAmar Kuderbux — commissaire réviseur
  14. 01/02/2022
    nominationMohamed ZARIOUHI — Directeur Général
  15. 28/01/2022
    nominationMohamed ZARIOUHI — Directeur Général et Délégué à la gestion journalière
  16. 2021
    Annual accounts 20215,2 M €↓
  17. 08/06/2021
    reconductionAntoine FIEVET — administrateur
  18. 08/06/2021
    reconductionFrédéric MEDARD — administrateur
  19. 2020
    Annual accounts 20207,4 M €↑
  20. 2019
    Annual accounts 20193,4 M €↑
  21. 2018
    Annual accounts 20183,2 M €↓
  22. 2016
    Annual accounts 20165,5 M €↓
  23. 2015
    Annual accounts 20156,4 M €↑
  24. 2014
    Annual accounts 20146,3 M €↓
  25. 2013
    Annual accounts 20136,3 M €↓
  26. 2012
    Annual accounts 20127,2 M €↑
  27. 2011
    Annual accounts 20116,9 M €↓
  28. 2010
    Annual accounts 20107,8 M €↓
  29. 2009
    Annual accounts 20098,1 M €↑
  30. 2008
    Annual accounts 20086,9 M €↑
  31. 2007
    Annual accounts 20075,7 M €↑
  32. 2006
    Annual accounts 20064,4 M €
  33. 23/12/1968
    IncorporationPublic limited company