ACTIVE

GROUP A

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Financial year 2025 · closed on 31/12/2025

Net result

4 M €

+132.6% YoY

Revenue

79,7 M €

-5.4% YoY

Equity

8,2 M €

+23.8% YoY

Workforce

34,0 ETP

+0.9% YoY

What does GROUP A do?

GROUP A is a Public limited company incorporated in 1977. Its registered office is in Hasselt. It employs on average 34,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0417.514.724

Incorporation

12/08/1977

Legal form

Public limited company

Registered office

Luikersteenweg 254
3500 Hasselt · FlandreSee on map

Contributed capital

1 170 800,02 €

Latest accounts

31/12/2025

Average workforce

34,0 ETP

Joint committees (4)

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008		2007		2006
Income statement
Revenue	79,7 M €	-5.4%	84,3 M €	+0.6%	83,8 M €	+7.1%	78,3 M €	+13.0%	69,3 M €	+22.7%	56,5 M €	-12.4%	64,5 M €	-6.1%	68,6 M €	-17.1%	82,8 M €	-5.5%	87,6 M €	+935%	8,5 M €	-12.8%	9,7 M €	-7.2%	10,5 M €	-9.0%	11,5 M €	+9.9%	10,5 M €	-86.4%	77 M €	+42.9%	53,9 M €	+9.3%	49,3 M €	+13.2%	43,6 M €
EBITDA	2,6 M €	+49.6%	1,7 M €	-64.2%	4,8 M €	+97.5%	2,4 M €	-41.9%	4,2 M €	+165%	1,6 M €	+452%	-446,3 k €	-153%	848,2 k €	-56.6%	2 M €	-72.3%	7,1 M €	+198%	2,4 M €	+50.9%	1,6 M €	-35.2%	2,4 M €	-58.5%	5,8 M €	-13.7%	6,8 M €	+40.3%	4,8 M €	+558%	733,6 k €	-47.4%	1,4 M €	-14.7%	1,6 M €
Operating result	1,5 M €	+359%	321,1 k €	-92.2%	4,1 M €	+40.0%	2,9 M €	-7.2%	3,2 M €	+262%	-2 M €	-26.1%	-1,6 M €	-277%	877,7 k €	+153%	-1,7 M €	-126%	6,5 M €	+251%	1,8 M €	+64.1%	1,1 M €	-46.8%	2,1 M €	-62.0%	5,5 M €	-16.1%	6,6 M €	+40.2%	4,7 M €	+772%	541,1 k €	-50.5%	1,1 M €	-17.7%	1,3 M €
Net result	4 M €	+133%	1,7 M €	-47.0%	3,2 M €	+26.6%	2,6 M €	-17.8%	3,1 M €	+177%	-4 M €	-606%	795,2 k €	+159%	307,4 k €	+40.5%	218,9 k €	-96.9%	7 M €	+372%	1,5 M €	-23.4%	1,9 M €	+60.3%	1,2 M €	-64.8%	3,4 M €	-30.2%	4,9 M €	+13.7%	4,3 M €	+200%	1,4 M €	+50.2%	961,5 k €	+15.2%	834,4 k €
Balance sheet
Equity	8,2 M €	+23.8%	6,6 M €	-4.2%	6,9 M €	+3.4%	6,7 M €	-6.3%	7,1 M €	+0.0%	7,1 M €	-36.0%	11,2 M €	+7.7%	10,4 M €	-32.1%	15,3 M €	+1.5%	15 M €	+87.6%	8 M €	+22.8%	6,5 M €	-0.9%	6,6 M €	-29.8%	9,4 M €	-5.7%	9,9 M €	+10.2%	9 M €	+76.2%	5,1 M €	+39.4%	3,7 M €	+12.4%	3,3 M €
Total assets	28,3 M €	-8.2%	30,8 M €	+0.1%	30,8 M €	-1.0%	31,1 M €	+15.7%	26,8 M €	-9.2%	29,6 M €	-28.5%	41,3 M €	-11.3%	46,6 M €	-16.5%	55,8 M €	+5.5%	52,9 M €	+56.4%	33,8 M €	+11.7%	30,2 M €	-12.1%	34,4 M €	+3.3%	33,3 M €	+8.5%	30,7 M €	+17.2%	26,2 M €	+37.3%	19,1 M €	+143%	7,9 M €	-1.7%	8 M €
Cash	952,4 k €	+30.7%	729 k €	-61.0%	1,9 M €	-43.9%	3,3 M €	+50.6%	2,2 M €	+1081%	187,2 k €	-54.1%	407,4 k €	+29.0%	315,8 k €	+171%	116,5 k €	-83.3%	699,1 k €	-16.3%	835,5 k €	+12137%	6,8 k €	+38.9%	4,9 k €	-99.7%	1,8 M €	-82.1%	10,1 M €	+326%	2,4 M €	+116%	1,1 M €	-47.7%	2,1 M €	+12028%	17,3 k €
Debts	19,3 M €	-18.8%	23,7 M €	+1.6%	23,4 M €	-2.1%	23,9 M €	+24.2%	19,2 M €	-11.9%	21,8 M €	-25.9%	29,5 M €	-16.9%	35,5 M €	-10.7%	39,7 M €	+7.3%	37 M €	+43.7%	25,8 M €	+8.7%	23,7 M €	-14.8%	27,8 M €	+16.2%	23,9 M €	+15.2%	20,8 M €	+20.9%	17,2 M €	+23.0%	14 M €	+235%	4,2 M €	-11.5%	4,7 M €
Other
Workforce	34,0 ETP	+0.9%	33,7 ETP	+14.6%	29,4 ETP	+10.9%	26,5 ETP	+3.1%	25,7 ETP	+4.9%	24,5 ETP	+2.5%	23,9 ETP	-5.2%	25,2 ETP	+6.8%	23,6 ETP	+2.2%	23,1 ETP	+22.2%	18,9 ETP	+29.5%	14,6 ETP	-11.5%	16,5 ETP	-7.8%	17,9 ETP	+32.6%	13,5 ETP	+9.8%	12,3 ETP	-18.5%	15,1 ETP	+23.8%	12,2 ETP	+35.6%	9,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 49 ended

Active mandates

CARECOM

Director · since 25 septembre 2025 · until 04 juin 2027 · 0861.564.886

Represented by Jean Pierre Filippini

Active

M.D.C.

Director · since 25 septembre 2025 · until 04 juin 2027 · 0475.005.040

Represented by Michel De Coster

Active

AMVR

Director · since 06 décembre 2023 · until 05 décembre 2028 · 0759.458.530

Represented by Maxim Van Roey

Active

Lumia

Managing director · since 06 décembre 2023 · until 05 décembre 2028 · 0712.888.137

Represented by Michiel Odeurs

Active

Ravot

Managing director · since 06 décembre 2023 · until 05 décembre 2028 · 0768.547.133

Represented by Nicolas Thiel

Active

Ended mandates

CARECOM

Director · since 29 septembre 2023 · until 04 juin 2025 · 0861.564.886

Represented by Jean Pierre Filippini

Ended

M.D.C.

Director · since 29 septembre 2023 · until 04 juin 2025 · 0475.005.040

Represented by Michel De Coster

Ended

Michel De Coster

Director · since 08 novembre 2021 · until 29 septembre 2023

Ended

Michel De Coster

Director · since 08 novembre 2021 · until 08 novembre 2027

Ended

At this address

Other companies at this address

Company	CBE no.
Belicraft● Active	1007.445.364
BELILIEGE● Active	0526.977.343
B-Frames● Active	0763.902.120
RAMATE INVEST● Active	0887.006.404
Ravot● Active	0768.547.133
Tovar● Active	0768.554.457
TRIO● Active	0476.864.569
Vitrea● Active	0725.469.334

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full 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	17/07/2026	03/07/2025	04/07/2024	03/07/2023	29/08/2022	07/07/2021
General meeting	04/06/2026	04/06/2025	04/06/2024	05/06/2023	06/06/2022	04/06/2021
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

30 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	04/06/2026	17/07/2026	Dutch	PDF
Full model	31/12/2024	04/06/2025	03/07/2025	Dutch	PDF
Consolidated accounts	31/12/2024	04/06/2025	03/07/2025	Dutch	PDF
Full model	31/12/2023	04/06/2024	04/07/2024	Dutch	PDF
Consolidated accounts	31/12/2023	04/06/2024	04/07/2024	Dutch	PDF
Full model	31/12/2022	05/06/2023	03/07/2023	Dutch	PDF
Consolidated accounts	31/12/2022	—	03/07/2023	Dutch	PDF
Full model	31/12/2021	06/06/2022	29/08/2022	Dutch	PDF
Consolidated accounts	31/12/2021	30/06/2022	29/08/2022	Dutch	PDF
Full model	31/12/2020	04/06/2021	07/07/2021	Dutch	PDF
Consolidated accounts	31/12/2020	04/06/2021	07/07/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	03/08/2020	Dutch	PDF
Consolidated accounts	31/12/2019	13/07/2020	04/08/2020	Dutch	PDF
Full model	31/12/2018	12/07/2019	13/07/2019	Dutch	PDF
Full model	31/12/2017	21/08/2018	27/09/2018	Dutch	PDF
Full modelCorrection	31/12/2016	09/06/2017	25/07/2017	Dutch	PDF
Full model	31/12/2016	09/06/2017	22/06/2017	Dutch	PDF
Full model	31/12/2015	04/06/2016	16/06/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	23/07/2015	Dutch	PDF
Full modelCorrection	31/12/2013	04/06/2014	22/08/2014	Dutch	PDF
Full model	31/12/2013	04/06/2014	17/06/2014	Dutch	PDF
Full model	31/12/2012	04/06/2013	26/07/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	17/07/2012	Dutch	PDF
Full model	31/12/2010	07/06/2011	28/06/2011	Dutch	PDF

View all 30 filings

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 49 ended

Active mandates

CARECOM

Director · since 25 septembre 2025 · until 04 juin 2027 · 0861.564.886

Represented by Jean Pierre Filippini

Active

M.D.C.

Director · since 25 septembre 2025 · until 04 juin 2027 · 0475.005.040

Represented by Michel De Coster

Active

AMVR

Director · since 06 décembre 2023 · until 05 décembre 2028 · 0759.458.530

Represented by Maxim Van Roey

Active

Lumia

Managing director · since 06 décembre 2023 · until 05 décembre 2028 · 0712.888.137

Represented by Michiel Odeurs

Active

Ravot

Managing director · since 06 décembre 2023 · until 05 décembre 2028 · 0768.547.133

Represented by Nicolas Thiel

Active

Ended mandates

CARECOM

Director · since 29 septembre 2023 · until 04 juin 2025 · 0861.564.886

Represented by Jean Pierre Filippini

Ended

M.D.C.

Director · since 29 septembre 2023 · until 04 juin 2025 · 0475.005.040

Represented by Michel De Coster

Ended

Michel De Coster

Director · since 08 novembre 2021 · until 29 septembre 2023

Ended

Michel De Coster

Director · since 08 novembre 2021 · until 08 novembre 2027

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other21/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/07/2021
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 20254 M €↑
25/09/2025
nominationCarecom BV — bestuurder
25/09/2025
nominationMDC BV — bestuurder
29/01/2025
reconductionMichaël Delbeke — commissaris
2024
Annual accounts 20241,7 M €↓
2023
Annual accounts 20233,2 M €↑
29/09/2023
nominationMDC BV — bestuurder
29/09/2023
nominationCarecom BV — bestuurder
2022
Annual accounts 20222,6 M €↓
2021
Annual accounts 20213,1 M €↑
2020
Annual accounts 2020-4 M €↓
2019
Annual accounts 2019795,2 k €↑
2018
Annual accounts 2018307,4 k €↑
2017
Annual accounts 2017218,9 k €↓
2016
Annual accounts 20167 M €↑
2015
Annual accounts 20151,5 M €↓
2014
Annual accounts 20141,9 M €↑
2013
Annual accounts 20131,2 M €↓
2012
Annual accounts 20123,4 M €↓
2011
Annual accounts 20114,9 M €↑
2010
Annual accounts 20104,3 M €↑
2010
Name changeGROUP A
2008
Annual accounts 20081,4 M €↑
2007
Annual accounts 2007961,5 k €↑
2006
Annual accounts 2006834,4 k €
2006
Name changeBELISOL
12/08/1977
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

GROUP A

Overview

What does GROUP A 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