ACTIVE

Bellefee

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Financial year 2025 · closed on 31/12/2025

Net result

135,8 k €

+93.1% YoY

Gross margin

768,5 k €

+14.6% YoY

Equity

2,4 M €

-32.5% YoY

What does Bellefee do?

Bellefee is a Public limited company incorporated in 1976. Its registered office is in Wielsbeke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.168.305

Incorporation

24/05/1976

Legal form

Public limited company

Registered office

Driekoningenstraat(S.B.V.) 7
8710 Wielsbeke · FlandreSee on map

Contributed capital

549 948,70 €

Latest accounts

31/12/2025

Joint committees (3)

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	768,5 k €	+14.6%	670,7 k €	-47.0%	1,3 M €		–		–		–		230,5 k €	-37.2%	367,1 k €	-21.9%	470,2 k €	-19.9%	587,1 k €		–		–		–		–		–		–		–		–		–
EBITDA	583,8 k €	+17.1%	498,7 k €	-54.0%	1,1 M €	+67.8%	646,1 k €	+17.6%	549,5 k €	+387%	112,9 k €	+127%	49,8 k €	-72.4%	180,2 k €	+589%	26,1 k €	-82.7%	151,4 k €	+719%	-24,4 k €	+91.1%	-274,3 k €	-107%	-132,4 k €	-117%	761,7 k €	-10.0%	846,2 k €	+42.2%	595 k €	-1.1%	601,7 k €	-6.3%	642,1 k €	+25.1%	513,4 k €
Operating result	74,1 k €	+1245%	-6,5 k €	-101%	574 k €	+321%	136,3 k €	+188%	47,3 k €	-29.6%	67,1 k €	+3080%	-2,3 k €	-102%	126,6 k €	+400%	-42,2 k €	-161%	69,3 k €	+162%	-111,5 k €	+68.5%	-353,5 k €	-61.9%	-218,4 k €	-132%	682,1 k €	-12.7%	781,5 k €	+45.3%	537,7 k €	-3.6%	557,7 k €	-2.8%	573,6 k €	+24.4%	461,1 k €
Net result	135,8 k €	+93.1%	70,3 k €	-86.1%	506,6 k €	+225%	155,9 k €	+59.6%	97,7 k €	-32.6%	145 k €	-70.3%	487,4 k €	+46.3%	333,2 k €	+54.3%	215,9 k €	-17.9%	263 k €	+2.5%	256,7 k €	-93.5%	3,9 M €	+3368%	113,9 k €	-79.6%	558,5 k €	-24.2%	736,9 k €	+6.1%	694,4 k €	-1.3%	703,7 k €	+146%	285,9 k €	-51.7%	592,2 k €
Balance sheet
Equity	2,4 M €	-32.5%	3,6 M €	-1.2%	3,6 M €	+13.5%	3,2 M €	-13.3%	3,7 M €	+6.5%	3,5 M €	+0.5%	3,5 M €	-60.1%	8,7 M €	+2.2%	8,5 M €	+1.1%	8,4 M €	-14.0%	9,8 M €	+2.5%	9,5 M €	+8.5%	8,8 M €	+19.3%	7,4 M €	+7.2%	6,9 M €	+11.1%	6,2 M €	+11.6%	5,5 M €	+13.4%	4,9 M €	+5.1%	4,6 M €
Total assets	15,7 M €	-7.2%	16,9 M €	+61.9%	10,4 M €	-12.1%	11,8 M €	-1.3%	12 M €	-8.2%	13,1 M €	+21.7%	10,7 M €	+11.2%	9,7 M €	-3.3%	10 M €	-1.5%	10,1 M €	-17.2%	12,3 M €	-3.7%	12,7 M €	+0.4%	12,7 M €	+15.3%	11 M €	+1.4%	10,8 M €	-9.4%	12 M €	+91.0%	6,3 M €	+11.0%	5,6 M €	-0.7%	5,7 M €
Cash	427 k €	+3.2%	413,5 k €	-87.9%	3,4 M €	+49.7%	2,3 M €	+46.5%	1,6 M €	-23.4%	2 M €	-19.4%	2,5 M €	+34.9%	1,9 M €	+26.5%	1,5 M €	+2.3%	1,4 M €	+305%	358,2 k €	-77.9%	1,6 M €	+479%	279,6 k €	-10.8%	313,4 k €	-36.5%	493,5 k €	-79.5%	2,4 M €	+1458%	154,4 k €	-14.4%	180,4 k €	-64.2%	503,7 k €
Debts	12,7 M €	-0.2%	12,8 M €	+102%	6,3 M €	-22.5%	8,1 M €	+4.2%	7,8 M €	-14.2%	9,1 M €	+35.8%	6,7 M €	+1128%	546,3 k €	-38.7%	891,8 k €	-23.5%	1,2 M €	-40.2%	1,9 M €	-26.5%	2,7 M €	-28.8%	3,7 M €	+8.4%	3,4 M €	-10.0%	3,8 M €	-32.1%	5,6 M €	+827%	606,4 k €	-6.0%	645,1 k €	-30.2%	923,5 k €
Other
Workforce	–		–		–		–		–		–		1,2 ETP	-67.6%	3,7 ETP	-7.5%	4,0 ETP	+14.3%	3,5 ETP	+16.7%	3,0 ETP	+30.4%	2,3 ETP	+15.0%	2,0 ETP	-16.7%	2,4 ETP	-20.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	+50.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 38 ended

Active mandates

BellRock

Mandate · 0744.626.042

Represented by Didier Lefevere

Active

Ended mandates

Lefevere Packaging

Director · since 19 septembre 2019 · until 22 décembre 2023 · 0722.616.247

Represented by ANNICK DHEEDENE

Ended

Lefevere Packaging

Director · since 19 septembre 2019 · 0722.616.247

Represented by ANNICK DHEEDENE

Ended

BLF PARTNERS

Director · since 21 mars 2014 · until 04 juin 2019 · 0544.657.869

Represented by RONNY LEFEVERE

Ended

BLF PARTNERS BVBA

Director · since 21 mars 2014 · until 19 septembre 2019 · 0544.657.869

Represented by RONNY LEFEVERE

Ended

At this address

Other companies at this address

Company	CBE no.
BellRock● Active	0744.626.042
BEST IMMO● Active	0442.414.822
BLF - RENTING● Active	0445.872.178
CREA PACK● Active	0433.665.521
F & P● Active	0454.006.124
KARMA● Active	0454.005.530
KARTONNAGE LEFEVERE - BEEL● Active	0413.759.339
Lefevere Packaging● Active	0722.616.247

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged 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	31/08/2026	17/06/2025	16/07/2024	27/07/2023	26/07/2022	28/07/2021
General meeting	31/08/2026	03/06/2025	04/06/2024	06/06/2023	07/06/2022	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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	31/08/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	03/06/2025	17/06/2025	Dutch	PDF
Abridged model	31/12/2023	04/06/2024	16/07/2024	Dutch	PDF
Full model	31/12/2022	06/06/2023	27/07/2023	Dutch	PDF
Full model	31/12/2021	07/06/2022	26/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	28/07/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	10/06/2020	Dutch	PDF
Abridged model	31/12/2018	15/03/2019	16/04/2019	Dutch	PDF
Abridged model	31/12/2017	05/06/2018	19/06/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	04/07/2017	Dutch	PDF
Abridged model	31/12/2015	07/06/2016	21/06/2016	Dutch	PDF
Full model	31/12/2014	02/06/2015	02/06/2015	Dutch	PDF
Full model	31/12/2013	03/06/2014	01/07/2014	Dutch	PDF
Full model	31/12/2012	04/06/2013	11/07/2013	Dutch	PDF
Full model	31/12/2011	05/06/2012	09/08/2012	Dutch	PDF
Full model	31/12/2010	02/06/2011	09/09/2011	Dutch	PDF
Full model	31/12/2009	01/06/2010	15/06/2010	Dutch	PDF
Full model	31/12/2008	02/06/2009	14/07/2009	Dutch	PDF
Full model	31/12/2007	03/06/2008	09/07/2008	Dutch	PDF
Full model	31/12/2006	05/06/2007	15/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

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 · 1 active · 38 ended

Active mandates

BellRock

Mandate · 0744.626.042

Represented by Didier Lefevere

Active

Ended mandates

Lefevere Packaging

Director · since 19 septembre 2019 · until 22 décembre 2023 · 0722.616.247

Represented by ANNICK DHEEDENE

Ended

Lefevere Packaging

Director · since 19 septembre 2019 · 0722.616.247

Represented by ANNICK DHEEDENE

Ended

BLF PARTNERS

Director · since 21 mars 2014 · until 04 juin 2019 · 0544.657.869

Represented by RONNY LEFEVERE

Ended

BLF PARTNERS BVBA

Director · since 21 mars 2014 · until 19 septembre 2019 · 0544.657.869

Represented by RONNY LEFEVERE

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office05/09/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates18/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring23/02/2022
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates23/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares04/08/2021
KAPITAAL - AANDELEN
PDF
Mandates29/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/11/2019
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2019
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 2025135,8 k €↑
2024
Annual accounts 202470,3 k €↓
2023
Annual accounts 2023506,6 k €↑
2022
Annual accounts 2022155,9 k €↑
2021
Annual accounts 202197,7 k €↓
2020
Annual accounts 2020145 k €↓
2019
Annual accounts 2019487,4 k €↑
2018
Annual accounts 2018333,2 k €↑
2017
Annual accounts 2017215,9 k €↓
2016
Annual accounts 2016263 k €↑
2014
Annual accounts 2014256,7 k €↓
2013
Annual accounts 20133,9 M €↑
2012
Annual accounts 2012113,9 k €↓
2011
Annual accounts 2011558,5 k €↓
2010
Annual accounts 2010736,9 k €↑
2009
Annual accounts 2009694,4 k €↓
2008
Annual accounts 2008703,7 k €↑
2007
Annual accounts 2007285,9 k €↓
2006
Annual accounts 2006592,2 k €
24/05/1976
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

Bellefee

Overview

What does Bellefee 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