BELMACO
0419.802.736 · rovalta.com · 22/09/2026
ACTIVE
BELMACO
Financial year 2025 · closed on 31/12/2025
Net result
124,8 k €
+20.5% YoY
Gross margin
692,3 k €
-2.7% YoY
Equity
170,5 k €
+272.6% YoY
Overview
What does BELMACO do?
BELMACO is a Public limited company incorporated in 1979. Its registered office is in Gembloux.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0419.802.736
Incorporation
25/10/1979
Legal form
Public limited company
Registered office
Rue des Praules, Sauv. 3
5030 Gembloux · WallonieSee on map
5030 Gembloux · WallonieSee on map
Contributed capital
1 000 000,00 €
Latest accounts
31/12/2025
Joint committees (2)
- 14904
- 200
Signals
ProfitablePositive cashflowPositive EBITDA
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Financials
Trend over 11 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2007 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||
| Gross margin | 692,3 k € | -2.7% | 711,5 k € | +4.1% | 683,4 k € | -45.0% | 1,2 M € | +59.8% | 777,6 k € | +27.7% | 609,1 k € | – | – | – | – | – | |||||
| EBITDA | 643,5 k € | -3.1% | 663,8 k € | +4.1% | 637,8 k € | -46.7% | 1,2 M € | +64.9% | 725,8 k € | +235% | -539,5 k € | -238% | 390,5 k € | +86.6% | 209,2 k € | +204% | 68,8 k € | +110% | -684,5 k € | -1336% | 55,4 k € |
| Operating result | 266,2 k € | -4.5% | 278,7 k € | +9.3% | 254,9 k € | -69.0% | 822,6 k € | +91.9% | 428,6 k € | +151% | -844,3 k € | -1037% | 90,1 k € | -50.0% | 180,1 k € | +341% | 40,8 k € | +1975% | -2,2 k € | +98.6% | -153,7 k € |
| Net result | 124,8 k € | +20.5% | 103,5 k € | +127% | 45,6 k € | -92.1% | 579,2 k € | +274% | 154,9 k € | +114% | -1,1 M € | -419% | -218,9 k € | -261% | 135,6 k € | +988% | 12,5 k € | +151% | -24,7 k € | +92.9% | -347 k € |
| Balance sheet | |||||||||||||||||||||
| Equity | 170,5 k € | +273% | 45,8 k € | +179% | -57,8 k € | +44.1% | -103,4 k € | +84.9% | -682,5 k € | +18.5% | -837,4 k € | -381% | 298,1 k € | -42.3% | 517 k € | +35.5% | 381,5 k € | +3.4% | 369 k € | +35.6% | 272,1 k € |
| Total assets | 3,8 M € | -11.3% | 4,3 M € | -9.0% | 4,7 M € | -5.1% | 4,9 M € | +19.6% | 4,1 M € | -11.6% | 4,7 M € | -21.1% | 5,9 M € | -6.8% | 6,4 M € | +469% | 1,1 M € | +4.5% | 1,1 M € | -75.0% | 4,3 M € |
| Cash | 17,5 k € | +654% | 2,3 k € | -99.0% | 224,4 k € | +1.9% | 220,3 k € | +1693% | 12,3 k € | -94.1% | 208,7 k € | +119238% | 174,9 € | -92.5% | 2,3 k € | -48.9% | 4,6 k € | -64.7% | 12,9 k € | -87.9% | 107,1 k € |
| Debts | 3,6 M € | -14.3% | 4,2 M € | -11.1% | 4,8 M € | -5.9% | 5 M € | +4.8% | 4,8 M € | -12.7% | 5,5 M € | -2.0% | 5,6 M € | -3.6% | 5,8 M € | +699% | 730,6 k € | +5.4% | 692,9 k € | -82.1% | 3,9 M € |
| Other | |||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | 1,5 ETP | -81.0% | 7,9 ETP | |||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 500 k€ and 1 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 28 ended
Active mandates
Active
Ronald Ruesink
ActiveEnded mandates
Financials
Annual accounts
Full financial information
| 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 | 13/07/2026 | 09/10/2025 | 05/07/2024 | 17/08/2023 | 19/12/2022 | 04/11/2021 |
| General meeting | 12/06/2026 | 27/06/2025 | 21/06/2024 | 28/07/2023 | 16/12/2022 | 19/10/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 12/06/2026 | 13/07/2026 | French | |
| Abridged modelCorrection | 31/12/2024 | 27/06/2025 | 09/10/2025 | French | |
| Abridged model | 31/12/2024 | 27/06/2025 | 06/07/2025 | French | |
| Abridged model | 31/12/2023 | 21/06/2024 | 05/07/2024 | French | |
| Abridged model | 31/12/2022 | 28/07/2023 | 17/08/2023 | French | |
| Abridged model | 31/12/2021 | 16/12/2022 | 19/12/2022 | French | |
| Abridged model | 31/12/2020 | 19/10/2021 | 04/11/2021 | French | |
| Full model | 31/12/2019 | 23/09/2020 | 30/09/2020 | French | |
| Full model | 31/12/2018 | 25/06/2019 | 09/07/2019 | French | |
| Full model | 31/12/2017 | 27/06/2018 | 23/07/2018 | French | |
| Full model | 31/12/2016 | 30/06/2017 | 27/09/2017 | French | |
| Full model | 31/12/2015 | 02/05/2016 | 27/07/2016 | French | |
| Full model | 31/12/2014 | 04/05/2015 | 28/05/2015 | French | |
| Full model | 31/12/2013 | 05/05/2014 | 28/07/2014 | French | |
| Full model | 31/12/2012 | 06/05/2013 | 24/07/2013 | French | |
| Full model | 31/12/2011 | 07/05/2012 | 18/07/2012 | French | |
| Full model | 31/12/2010 | 02/05/2011 | 28/06/2011 | French | |
| Full model | 31/12/2009 | 03/05/2010 | 28/07/2010 | French | |
| Full model | 31/12/2008 | 05/05/2009 | 30/07/2009 | French | |
| Full model | 31/12/2007 | 07/07/2008 | 29/07/2008 | French | |
| Abridged model | 31/12/2006 | 18/06/2007 | 26/07/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 500 k€ and 1 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 28 ended
Active mandates
Active
Ronald Ruesink
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates01/06/2026DEMISSIONS, NOMINATIONS
- Mandates09/04/2024DEMISSIONS, NOMINATIONS
- Other26/09/2023STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates03/04/2023DEMISSIONS, NOMINATIONS
- Mandates19/01/2023DEMISSIONS, NOMINATIONS
- Mandates18/01/2023DEMISSIONS, NOMINATIONS
- Mandates31/10/2022DEMISSIONS, NOMINATIONS
- Mandates02/08/2022DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025124,8 k €↑
- 2024Annual accounts 2024103,5 k €↑
- 2023Annual accounts 202345,6 k €↓
- 2022Annual accounts 2022579,2 k €↑
- 2021Annual accounts 2021154,9 k €↑
- 2020Annual accounts 2020-1,1 M €↓
- 2019Annual accounts 2019-218,9 k €↓
- 2018Annual accounts 2018135,6 k €↑
- 2017Annual accounts 201712,5 k €↑
- 2016Annual accounts 2016-24,7 k €↑
- 2007Annual accounts 2007-347 k €
- 25/10/1979IncorporationPublic limited company