ACTIVE

Belgisch Centrum voor Technologisch Onderzoek van Leidingen en Toebehoren

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Financial year 2025 · Closed on 31/12/2025

Net result311,6 k €-54,2 %over 1 year

Gross margin2 M €-5,4 %over 1 year

Equity4,2 M €+8,0 %over 1 year

Workforce12,6 ETP+5,0 %over 1 year

Identity

Source · BCE/KBO

Belgisch Centrum voor Technologisch Onderzoek van Leidingen en Toebehoren is a Non-profit organization incorporated in 1957. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Merelbeke-Melle. It employs on average 12,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0406.633.106
Incorporation: 12/10/1957
Legal form: Non-profit organization
Registered office: Gontrode Heirweg 292
9090 Merelbeke-Melle · FlandreSee on map
Latest accounts: 31/12/2025
Average workforce: 12,6 ETP

Activities (NACE)

72109Research and experimental development on natural sciences and engineering· main 72190Other research and experimental development on natural sciences and engineering 73100Advertising

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 22 filings

Trend over 7 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2 M €	-5.4%	2,2 M €	+33.4%	1,6 M €	+4.8%	1,5 M €	+9.7%	1,4 M €
EBITDA	893,8 k €	-17.7%	1,1 M €	+63.8%	662,6 k €	+6.4%	622,9 k €	+63.2%	381,8 k €
Operating result	715,2 k €	-23.0%	929,3 k €	+83.2%	507,3 k €	+2.6%	494,3 k €	+79.1%	276 k €
Net result	311,6 k €	-54.2%	681 k €	+36.1%	500,5 k €	+2.9%	486,2 k €	+77.1%	274,5 k €
Balance sheet
Equity	4,2 M €	+8.0%	3,9 M €	+21.1%	3,2 M €	+18.4%	2,7 M €	+21.7%	2,2 M €
Total assets	5 M €	+4.0%	4,9 M €	+14.5%	4,2 M €	+9.4%	3,9 M €	+22.9%	3,2 M €
Cash	2,3 M €	-4.5%	2,4 M €	+37.1%	1,7 M €	+12.0%	1,6 M €	+94.0%	804,7 k €
Debts	287,1 k €	-22.7%	371,1 k €	+3.2%	359,6 k €	-5.2%	379,5 k €	+106%	184,1 k €
Other
Workforce	12,6 ETP	+5.0%	12,0 ETP	+6.2%	11,3 ETP	+0.9%	11,2 ETP	-8.9%	12,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 20 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BART VAN BASTELAERE	Director31/12/2025 → 05/06/2028Mandateended
STEVEN FERSON	Director17/10/2025 → 05/06/2028
BENNY DE BLAERE	Director05/06/2025 → 05/06/2028Mandateended
GEERT DHAESE	Director05/06/2025 → 05/06/2028Mandateended
GUNTHER MATHIEU	Director05/06/2025 → 05/06/2028
JO TROCH	Director05/06/2025 → 05/06/2028Mandateended
MARTINE CORNETTE	Director05/06/2025 → 05/06/2028Mandateended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cornette Martine	MandateDirector
De Blaere Benny	MandateChairman of the board of directors

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	28/08/2026	30/09/2025	04/10/2024	23/08/2023	24/08/2022	18/06/2021
General meeting	04/06/2026	05/06/2025	30/05/2024	20/06/2023	09/06/2022	16/06/2021
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 · NBB

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Annual accounts filings

Source · NBB, 22 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/06/2026	28/08/2026	Dutch	PDF
Abridged modelCorrection	31/12/2024	05/06/2025	30/09/2025	Dutch	PDF
Abridged model	31/12/2024	05/06/2025	21/08/2025	Dutch	PDF
Abridged modelCorrection	31/12/2023	30/05/2024	04/10/2024	Dutch	PDF
Abridged model	31/12/2023	30/05/2024	04/06/2024	Dutch	PDF
Abridged model	31/12/2022	20/06/2023	23/08/2023	Dutch	PDF
Abridged model	31/12/2021	09/06/2022	24/08/2022	Dutch	PDF
Abridged model	31/12/2020	16/06/2021	18/06/2021	Dutch	PDF
Abridged model	31/12/2019	27/05/2020	29/05/2020	Dutch	PDF
Abridged model	31/12/2018	28/03/2019	04/04/2019	Dutch	PDF
Abridged model	31/12/2017	29/03/2018	04/04/2018	Dutch	PDF
Abridged model	31/12/2016	30/03/2017	07/04/2017	Dutch	PDF
Abridged model	31/12/2015	17/03/2016	23/03/2016	Dutch	PDF
Abridged model	31/12/2014	26/03/2015	31/03/2015	Dutch	PDF
Abridged model	31/12/2013	27/03/2014	02/04/2014	Dutch	PDF
Abridged model	31/12/2012	21/03/2013	30/04/2013	Dutch	PDF
Abridged model	31/12/2011	22/03/2012	13/04/2012	Dutch	PDF
Abridged model	31/12/2010	31/03/2011	20/04/2011	Dutch	PDF
Abridged model	31/12/2009	31/03/2010	21/04/2010	Dutch	PDF
Abridged model	31/12/2008	25/03/2009	14/04/2009	Dutch	PDF
Abridged model	31/12/2007	14/03/2008	01/04/2008	Dutch	PDF
Abridged model	31/12/2006	28/03/2007	23/04/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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

7 active · 20 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BART VAN BASTELAERE	Director31/12/2025 → 05/06/2028Mandateended
STEVEN FERSON	Director17/10/2025 → 05/06/2028
BENNY DE BLAERE	Director05/06/2025 → 05/06/2028Mandateended
GEERT DHAESE	Director05/06/2025 → 05/06/2028Mandateended
GUNTHER MATHIEU	Director05/06/2025 → 05/06/2028
JO TROCH	Director05/06/2025 → 05/06/2028Mandateended
MARTINE CORNETTE	Director05/06/2025 → 05/06/2028Mandateended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cornette Martine	MandateDirector
De Blaere Benny	MandateChairman of the board of directors

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates26/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/10/2021
DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/09/2020
ONTSLAGEN - BENOEMINGEN
PDF

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1957

Name

Registered office

Annual accounts

Filings7 filings

Mandates

BART VAN BASTELAERE

STEVEN FERSON

JO TROCH

BENNY DE BLAERE

GUNTHER MATHIEU

MARTINE CORNETTE

GEERT DHAESE

196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

Belgisch Centrum voor Technologisch Onderzoek van Leidingen en Toebehoren

Gontrode Heirweg 292, 9090 Merelbeke-MelleGontrode Heirweg 130, 9090 Merelbeke-Melle

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Gontrode Heirweg 292, 9090 Merelbeke-MelleCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00484987
Gontrode Heirweg 130, 9090 Merelbeke-Melle	accounts 2021 → 2023	Accounts 2023 · 2024-00497599

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Belgisch Centrum voor Technologisch Onderzoek van Leidingen en ToebehorenCurrent		CBE
BECETEL	accounts 2025	Accounts 2025 · 2026-00484987
Belgisch Centrum voor Technologisch Onderzoek van Leidingen en Toebehoren	accounts 2021 → 2024	Accounts 2024 · 2025-00400638

Events

2025
Annual accounts 2025311,6 k €↓
2025
Name changeBECETEL
2024
Annual accounts 2024681 k €↑
2023
Annual accounts 2023500,5 k €↑
2022
Annual accounts 2022486,2 k €↑
2021
Annual accounts 2021274,5 k €↓
2020
Annual accounts 2020296,8 k €↑
2019
Annual accounts 2019198,1 k €
12/10/1957
IncorporationNon-profit organization

Belgisch Centrum voor Technologisch Onderzoek van Leidingen en Toebehoren

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events