NORMAL SITUATION

BELGAME

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Financial year 2025 · closed on 24/07/2025

Net result

-7,3 k €

-125.6% YoY

Gross margin

-11,3 k €

-108.3% YoY

Equity

123,9 k €

-76.1% YoY

Company — Normal situation.

What does BELGAME do?

BELGAME is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0413.036.490

Legal form

Public limited company

Contributed capital

123 946,76 €

Latest accounts

24/07/2025

Joint committees (1)

Signals

Good liquidity

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Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-11,3 k €	-108%	-5,4 k €	+36.1%	-8,5 k €	+6.9%	-9,1 k €	-136%	-3,9 k €	+72.0%	-13,8 k €	-244%	9,6 k €	-73.6%	36,3 k €	-28.2%	50,5 k €	-42.5%	87,8 k €	+5.1%	83,5 k €	-2.3%	85,5 k €	-17.0%	103,1 k €	+64.3%	62,7 k €	+52.6%	41,1 k €	-7.4%	44,4 k €	+8.9%	40,8 k €	-32.0%	60 k €	+25.0%	48 k €	+341%	10,9 k €
EBITDA	-11,3 k €	-92.8%	-5,9 k €	+31.0%	-8,5 k €	+6.9%	-9,1 k €	-35.5%	-6,7 k €	+53.1%	-14,4 k €	-311%	6,8 k €	+231%	-5,2 k €	-148%	10,9 k €	-76.4%	46,1 k €	+9.5%	42,1 k €	+10.0%	38,3 k €	-38.0%	61,8 k €	+326%	14,5 k €	+642%	2 k €	+108%	-23,7 k €	+56.2%	-54,1 k €	-1208%	4,9 k €	-43.3%	8,6 k €	+131%	-27,6 k €
Operating result	-11,3 k €	-92.8%	-5,9 k €	+31.0%	-8,5 k €	+6.9%	-9,1 k €	-35.5%	-6,7 k €	+53.1%	-14,4 k €	-311%	6,8 k €	+231%	-5,2 k €	-148%	10,9 k €	-76.4%	46,1 k €	+9.5%	42,1 k €	+10.0%	38,3 k €	-38.0%	61,8 k €	+337%	14,1 k €	+794%	1,6 k €	+107%	-24,2 k €	+56.1%	-55,2 k €	-1750%	3,3 k €	-45.4%	6,1 k €	+121%	-29,2 k €
Net result	-7,3 k €	-126%	28,3 k €	+172%	-39,4 k €	-754%	-4,6 k €	-111%	43 k €	+343%	-17,7 k €	-168%	-6,6 k €	+94.1%	-112,2 k €	-1179%	10,4 k €	-96.3%	283,6 k €	+1248%	21 k €	+128%	9,2 k €	+3238%	276,1 €	-66.4%	822,3 €	+204%	270,4 €	+110%	-2,7 k €	+95.3%	-57,8 k €	-187%	-20,2 k €	-489%	5,2 k €	-51.8%	10,8 k €
Balance sheet
Equity	123,9 k €	-76.1%	519,6 k €	+5.8%	491,2 k €	-7.4%	530,7 k €	-0.9%	535,3 k €	+8.7%	492,3 k €	-3.5%	510 k €	-1.3%	516,6 k €	-17.8%	628,8 k €	+1.7%	618,4 k €	+84.7%	334,8 k €	+6.7%	313,8 k €	+3.0%	304,6 k €	+0.1%	304,3 k €	+0.3%	303,5 k €	+0.1%	303,2 k €	-0.9%	305,9 k €	-15.9%	363,8 k €	-5.3%	383,9 k €	+1.4%	378,7 k €
Total assets	512,3 k €	-2.2%	524 k €	+6.2%	493,3 k €	-7.1%	530,9 k €	-1.0%	536,2 k €	+7.6%	498,3 k €	-3.5%	516,4 k €	-2.9%	531,8 k €	-17.6%	645,6 k €	+0.7%	641,1 k €	+70.5%	376 k €	+8.1%	347,9 k €	+2.8%	338,3 k €	-3.3%	349,9 k €	+5.0%	333,2 k €	-13.3%	384,5 k €	-35.9%	600 k €	-3.5%	621,7 k €	+3.5%	600,8 k €	+21.6%	494,1 k €
Cash	356,1 k €	+1956%	17,3 k €	-88.4%	148,8 k €	-16.3%	177,7 k €	-9.4%	196,2 k €	+486%	33,5 k €	-56.3%	76,7 k €	-49.0%	150,5 k €	-23.6%	197,2 k €	-55.6%	443,9 k €	+289%	114,1 k €	-16.2%	136,3 k €	+58.9%	85,7 k €	+274%	22,9 k €	+102%	11,4 k €	-73.9%	43,5 k €	+416%	8,4 k €	-31.1%	12,3 k €	-38.8%	20 k €	-84.3%	127,6 k €
Debts	388,4 k €	+8718%	4,4 k €	+118%	2 k €	+893%	203,9 €	-77.1%	889,4 €		–		6,4 k €	-57.9%	15,2 k €	+40.7%	10,8 k €	-35.4%	16,7 k €	-56.4%	38,3 k €	+12.1%	34,2 k €	+1.3%	33,7 k €	-26.0%	45,6 k €	+53.7%	29,7 k €	-63.5%	81,3 k €	-72.2%	292,9 k €	+13.6%	257,9 k €	+23.2%	209,3 k €	+81.5%	115,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-23.1%	1,3 ETP	-27.8%	1,8 ETP	+50.0%	1,2 ETP	+20.0%	1,0 ETP	0.0%	1,0 ETP

Governance

Board of directors

Seen on filing of 24/07/2025 · 2 active · 13 ended

Active mandates

Claire VERCHEVAL

Director

Active

Lorraine Rolin Jacquemyns

Director

Active

Ended mandates

Claire Vercheval

Managing director · since 19 mars 2009 · until 19 mars 2015

Ended

Edouard Baron Rolin Jacquemyns

Director · since 19 mars 2009 · until 19 mars 2010

Ended

Edouard Baron Rolin Jacquemyns

Director · since 19 mars 2009 · until 19 mars 2015

Ended

Lorraine ROLIN JACQUEMYNS

Director · since 19 mars 2009 · until 19 mars 2015

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	24/07/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	7 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/09/2025	22/05/2025	29/08/2024	28/08/2023	29/04/2022	11/08/2021
General meeting	24/07/2025	20/03/2025	03/06/2024	16/03/2023	17/03/2022	30/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

49 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	24/07/2025	24/07/2025	12/09/2025	French	PDF
Micro model	31/12/2024	20/03/2025	22/05/2025	French	PDF
Micro model	31/12/2023	03/06/2024	29/08/2024	French	PDF
Micro model	31/12/2022	16/03/2023	28/08/2023	French	PDF
Micro model	31/12/2021	17/03/2022	29/04/2022	French	PDF
Micro model	31/12/2020	30/06/2021	11/08/2021	French	PDF
Micro model	31/12/2019	19/03/2020	27/03/2020	French	PDF
Micro model	31/12/2018	29/03/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	15/03/2018	23/08/2018	French	PDF
Abridged model	31/12/2016	16/03/2017	14/04/2017	French	PDF
Abridged model	31/12/2015	30/05/2016	31/05/2016	French	PDF
Abridged model	31/12/2014	13/03/2015	14/03/2015	French	PDF
Abridged model	31/12/2013	26/05/2014	30/05/2014	French	PDF
Abridged model	31/12/2012	15/05/2013	24/05/2013	French	PDF
Abridged model	31/12/2011	15/03/2012	11/04/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	19/07/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	31/10/2010	French	PDF
Abridged model	31/12/2008	19/03/2009	16/07/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	30/07/2008	French	PDF
Abridged model	31/12/2006	29/05/2007	22/06/2007	French	PDF
Abridged model	31/12/2005	02/05/2006	01/06/2006	French	PDF
Abridged model	31/12/2004	25/04/2005	24/05/2005	French	PDF
Abridged model	31/12/2003	19/05/2004	24/05/2004	French	PDF
Abridged model	30/06/2002	13/09/2002	15/10/2002	French	PDF

View all 49 filings

Estimate

Indicative valuation

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 24/07/2025 · 2 active · 13 ended

Active mandates

Claire VERCHEVAL

Director

Active

Lorraine Rolin Jacquemyns

Director

Active

Ended mandates

Claire Vercheval

Managing director · since 19 mars 2009 · until 19 mars 2015

Ended

Edouard Baron Rolin Jacquemyns

Director · since 19 mars 2009 · until 19 mars 2010

Ended

Edouard Baron Rolin Jacquemyns

Director · since 19 mars 2009 · until 19 mars 2015

Ended

Lorraine ROLIN JACQUEMYNS

Director · since 19 mars 2009 · until 19 mars 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Court decision26/08/2025
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
PDF
Mandates16/06/2023
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates07/05/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates21/06/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates19/07/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates02/05/2012
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates29/06/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates22/08/2008
DEMISSIONS, NOMINATIONS
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 2025-7,3 k €↓
2024
Annual accounts 202428,3 k €↑
2023
Annual accounts 2023-39,4 k €↓
2022
Annual accounts 2022-4,6 k €↓
2021
Annual accounts 202143 k €↑
2020
Annual accounts 2020-17,7 k €↓
2019
Annual accounts 2019-6,6 k €↑
2018
Annual accounts 2018-112,2 k €↓
2017
Annual accounts 201710,4 k €↓
2016
Annual accounts 2016283,6 k €↑
2015
Annual accounts 201521 k €↑
2014
Annual accounts 20149,2 k €↑
2013
Annual accounts 2013276,1 €↓
2012
Annual accounts 2012822,3 €↑
2011
Annual accounts 2011270,4 €↑
2010
Annual accounts 2010-2,7 k €↑
2009
Annual accounts 2009-57,8 k €↓
2008
Annual accounts 2008-20,2 k €↓
2007
Annual accounts 20075,2 k €↓
2006
Annual accounts 200610,8 k €

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

BELGAME

Overview

What does BELGAME do?

Trend over 20 financial years

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