ACTIVE

Houthandel Belsack

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Financial year 2025 · closed on 31/12/2025

Net result

610,7 k €

-16.4% YoY

Gross margin

2,7 M €

-0.9% YoY

Equity

5,7 M €

+12.0% YoY

Workforce

27,3 ETP

+0.7% YoY

What does Houthandel Belsack do?

Houthandel Belsack is a Public limited company incorporated in 1972. Its registered office is in Halle. It employs on average 27,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0412.420.343

Incorporation

01/04/1972

Legal form

Public limited company

Registered office

Brusselsesteenweg 190
1500 Halle · FlandreSee on map

Contributed capital

152 981,50 €

Latest accounts

31/12/2025

Average workforce

27,3 ETP

Joint committees (4)

10000
12503
20100
218

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,7 M €	-0.9%	2,7 M €		–		–		–		–		–		1,6 M €	-3.2%	1,6 M €	+16.6%	1,4 M €	+0.6%	1,4 M €	-3.6%	1,5 M €	+6.5%	1,4 M €	+0.9%	1,4 M €	-26.2%	1,8 M €	-2.4%	1,9 M €	-2.4%	1,9 M €	+5.5%	1,8 M €	+35.4%	1,3 M €
EBITDA	957,4 k €	-11.3%	1,1 M €	-6.8%	1,2 M €	-20.6%	1,5 M €	-4.3%	1,5 M €	+207%	495,4 k €	-11.8%	561,8 k €	-26.4%	763,2 k €	-0.7%	768,9 k €	+28.7%	597,4 k €	-11.7%	676,2 k €	-10.6%	756,6 k €	+6.1%	713,2 k €	+24.7%	571,9 k €	-45.0%	1 M €	-8.6%	1,1 M €	-1.5%	1,2 M €	-1.8%	1,2 M €	+82.6%	644,3 k €
Operating result	712,1 k €	-15.8%	845,7 k €	-11.1%	951,3 k €	-19.1%	1,2 M €	-8.7%	1,3 M €	+268%	350,2 k €	-17.6%	425,2 k €	-33.8%	642,5 k €	+8.3%	593,1 k €	+46.3%	405,4 k €	-10.1%	450,9 k €	-19.1%	557,6 k €	+1.9%	546,9 k €	+34.2%	407,6 k €	-47.3%	774 k €	-11.1%	870,2 k €	-4.7%	913,2 k €	+6.6%	856,9 k €	+107%	413,6 k €
Net result	610,7 k €	-16.4%	730,8 k €	-9.9%	810,7 k €	-16.1%	965,7 k €	-9.1%	1,1 M €	+242%	311,1 k €	-10.6%	347,8 k €	-25.1%	464,5 k €	+3.2%	450,2 k €	+42.6%	315,7 k €	-15.3%	372,8 k €	-22.9%	483,7 k €	+2.8%	470,6 k €	+10.0%	427,7 k €	-33.1%	639,5 k €	+13.0%	566,1 k €	-2.3%	579,5 k €	-23.3%	755,6 k €	+194%	256,6 k €
Balance sheet
Equity	5,7 M €	+12.0%	5,1 M €	-30.9%	7,3 M €	+12.4%	6,5 M €	+11.6%	5,8 M €	+92.4%	3 M €	+10.4%	2,8 M €	+6.7%	2,6 M €	+22.0%	2,1 M €	+27.0%	1,7 M €	+23.4%	1,3 M €	+38.2%	977 k €	-34.6%	1,5 M €	-47.1%	2,8 M €	-32.5%	4,2 M €	+18.1%	3,5 M €	+19.0%	3 M €	-0.7%	3 M €	+0.2%	3 M €
Total assets	7,8 M €	+0.2%	7,8 M €	-0.8%	7,9 M €	-0.8%	7,9 M €	+12.8%	7 M €	+10.8%	6,4 M €	+2.7%	6,2 M €	+44.3%	4,3 M €	+9.1%	3,9 M €	+7.5%	3,7 M €	-1.9%	3,7 M €	-15.0%	4,4 M €	-21.5%	5,6 M €	+7.5%	5,2 M €	+11.2%	4,7 M €	+20.7%	3,9 M €	+10.9%	3,5 M €	-4.2%	3,6 M €	+1.8%	3,6 M €
Cash	1,2 M €	+31.2%	917,4 k €	-20.6%	1,2 M €	-12.7%	1,3 M €	+37.2%	964,4 k €	+70.0%	567,2 k €	-17.3%	685,5 k €	+120%	311,6 k €	+12.8%	276,3 k €	-41.2%	470,3 k €	-35.4%	728 k €	-30.4%	1 M €	-58.9%	2,5 M €	+4.8%	2,4 M €	+34.0%	1,8 M €	+37.2%	1,3 M €	+176%	478,8 k €	-18.4%	586,8 k €	-39.3%	967,2 k €
Debts	2,2 M €	-21.6%	2,7 M €	+406%	543,3 k €	-61.7%	1,4 M €	+18.5%	1,2 M €	-63.9%	3,3 M €	-3.5%	3,4 M €	+101%	1,7 M €	-5.9%	1,8 M €	-8.7%	2 M €	-16.3%	2,4 M €	-30.2%	3,4 M €	-16.8%	4,1 M €	+73.0%	2,4 M €	+375%	498,2 k €	+49.1%	334,2 k €	-31.7%	489,2 k €	-1.5%	496,7 k €	-15.3%	586,3 k €
Other
Workforce	27,3 ETP	+0.7%	27,1 ETP	-4.6%	28,4 ETP	-3.4%	29,4 ETP	+1.7%	28,9 ETP	+63.3%	17,7 ETP	+2.3%	17,3 ETP	+0.6%	17,2 ETP	-4.4%	18,0 ETP	+1.1%	17,8 ETP	+14.8%	15,5 ETP	+4.0%	14,9 ETP	+6.4%	14,0 ETP	-26.7%	19,1 ETP	-4.5%	20,0 ETP	+2.6%	19,5 ETP	-3.9%	20,3 ETP	+5.2%	19,3 ETP	+4.3%	18,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 24 ended

Active mandates

Tom GRILLET

Managing director · since 30 juillet 2020 · until 29 juillet 2026

Active

Wim Belsack

Managing director · since 30 juillet 2020 · until 29 juillet 2026

Active

Ended mandates

ELW BELSACK

Director · since 30 juillet 2020 · until 29 juillet 2026 · 0553.657.786

Ended

LITOBEL

Director · since 30 juillet 2020 · until 29 juillet 2026 · 0553.659.766

Ended

Belsack Wim

Managing director · since 17 mai 2018

Ended

ELW BELSACK

Director · since 17 mai 2018 · until 16 mai 2024 · 0553.657.786

Represented by Damien Belsack

Ended

At this address

Other companies at this address

Company	CBE no.
BELDACI● Active	0749.933.427
Belsack Immobiliën● Active	0421.425.012
WooTCo● Active	0695.943.524

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Full model	Full model	Full model	Full 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	01/06/2026	16/06/2025	06/06/2024	19/06/2023	21/06/2022	27/05/2021
General meeting	16/05/2026	17/05/2025	18/05/2024	20/05/2023	21/05/2022	15/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	16/05/2026	01/06/2026	Dutch	PDF
Abridged model	31/12/2024	17/05/2025	16/06/2025	Dutch	PDF
Full model	31/12/2023	18/05/2024	06/06/2024	Dutch	PDF
Full model	31/12/2022	20/05/2023	19/06/2023	Dutch	PDF
Full model	31/12/2021	21/05/2022	21/06/2022	Dutch	PDF
Full model	31/12/2020	15/05/2021	27/05/2021	Dutch	PDF
Full model	31/12/2019	29/06/2020	29/07/2020	Dutch	PDF
Full model	31/12/2018	24/06/2019	04/07/2019	Dutch	PDF
Abridged model	31/12/2017	19/05/2018	20/06/2018	Dutch	PDF
Abridged model	31/12/2016	20/05/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	21/05/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	08/05/2015	01/07/2015	Dutch	PDF
Abridged model	31/12/2013	09/05/2014	08/08/2014	Dutch	PDF
Abridged model	31/12/2012	10/05/2013	12/08/2013	Dutch	PDF
Abridged model	31/12/2011	11/05/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	14/05/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	14/05/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	16/05/2009	27/07/2009	Dutch	PDF
Abridged modelCorrection	31/12/2007	17/05/2008	07/10/2008	Dutch	PDF
Abridged model	31/12/2007	17/05/2008	08/07/2008	Dutch	PDF
Abridged model	31/12/2006	19/05/2007	06/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2025 · 2 active · 24 ended

Active mandates

Tom GRILLET

Managing director · since 30 juillet 2020 · until 29 juillet 2026

Active

Wim Belsack

Managing director · since 30 juillet 2020 · until 29 juillet 2026

Active

Ended mandates

ELW BELSACK

Director · since 30 juillet 2020 · until 29 juillet 2026 · 0553.657.786

Ended

LITOBEL

Director · since 30 juillet 2020 · until 29 juillet 2026 · 0553.659.766

Ended

Belsack Wim

Managing director · since 17 mai 2018

Ended

ELW BELSACK

Director · since 17 mai 2018 · until 16 mai 2024 · 0553.657.786

Represented by Damien Belsack

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring07/09/2020
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring14/05/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates24/08/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/01/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/09/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/04/2014
ONTSLAGEN - BENOEMINGEN
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 2025610,7 k €↓
2024
Annual accounts 2024730,8 k €↓
2023
Annual accounts 2023810,7 k €↓
2022
Annual accounts 2022965,7 k €↓
2021
Annual accounts 20211,1 M €↑
2019
Annual accounts 2019311,1 k €↓
2018
Annual accounts 2018347,8 k €↓
2017
Annual accounts 2017464,5 k €↑
2016
Annual accounts 2016450,2 k €↑
2015
Annual accounts 2015315,7 k €↓
2014
Annual accounts 2014372,8 k €↓
2013
Annual accounts 2013483,7 k €↑
2012
Annual accounts 2012470,6 k €↑
2011
Annual accounts 2011427,7 k €↓
2010
Annual accounts 2010639,5 k €↑
2009
Annual accounts 2009566,1 k €↓
2008
Annual accounts 2008579,5 k €↓
2007
Annual accounts 2007755,6 k €↑
2006
Annual accounts 2006256,6 k €
01/04/1972
IncorporationPublic 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

Houthandel Belsack

Overview

What does Houthandel Belsack do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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