ACTIVE

BELVEN

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Financial year 2025 · closed on 31/12/2025

Net result

3,4 M €

+59.3% YoY

Revenue

18,4 M €

+25.1% YoY

Equity

8,7 M €

+48.0% YoY

Workforce

28,2 ETP

-1.1% YoY

What does BELVEN do?

BELVEN is a Public limited company incorporated in 1980. Its main activity is: Wholesale of machine tools. Its registered office is in Mechelen. It employs on average 28,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0420.040.880

Incorporation

01/01/1980

Legal form

Public limited company

Registered office

Blokhuisstraat 24
2800 Mechelen · FlandreSee on map

Contributed capital

558 999,90 €

Latest accounts

31/12/2025

Average workforce

28,2 ETP

Activities (NACE)

46620Wholesale of machine tools· main 46620Wholesale of machine tools 46649Wholesale of machinery for the textile industry and of sewing and knitting machines 46699Wholesale of other machinery and equipment 51810Air transport 51872Air transport

Joint committees (6)

111
11101
111010
209
20900
209000

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	18,4 M €	+25.1%	14,7 M €	+11.4%	13,2 M €	-8.4%	14,4 M €	+7.9%	13,4 M €	+9.5%	12,2 M €	+14.5%	10,7 M €	-6.5%	11,4 M €	-11.6%	12,9 M €	+7.4%	12 M €	-5.8%	12,8 M €	+0.0%	12,8 M €	-0.4%	12,8 M €	+5.7%	12,1 M €	+48.2%	8,2 M €	-34.5%	12,5 M €
EBITDA	4,5 M €	+65.0%	2,7 M €	+54.3%	1,8 M €	-13.9%	2 M €	+36.0%	1,5 M €	+37.8%	1,1 M €	+4.6%	1 M €	+113%	488,7 k €	+53.7%	317,9 k €	-16.0%	378,5 k €	+7314%	-5,2 k €	-102%	252,5 k €	-66.2%	748 k €	-37.9%	1,2 M €	+249%	345,5 k €	-42.0%	596 k €
Operating result	4,4 M €	+64.9%	2,7 M €	+59.8%	1,7 M €	-13.1%	1,9 M €	+42.0%	1,4 M €	+40.2%	970,7 k €	-1.7%	987,7 k €	+278%	261,4 k €	-13.8%	303,3 k €	+84.2%	164,6 k €	+238%	-119,4 k €	-347%	48,3 k €	-92.9%	683,1 k €	-38.1%	1,1 M €	+272%	296,6 k €	-44.5%	534,5 k €
Net result	3,4 M €	+59.3%	2,2 M €	+64.9%	1,3 M €	-10.4%	1,5 M €	+35.3%	1,1 M €	+31.4%	820,1 k €	+10.8%	740 k €	+636%	100,5 k €	+41.8%	70,9 k €	+3992%	1,7 k €	-92.3%	22,5 k €	-54.6%	49,6 k €	-88.9%	448,1 k €	-40.4%	751,9 k €	+192%	257,8 k €	-27.6%	355,8 k €
Balance sheet
Equity	8,7 M €	+48.0%	5,9 M €	+27.0%	4,7 M €	+12.2%	4,1 M €	+18.9%	3,5 M €	+19.7%	2,9 M €	+2.5%	2,8 M €	+26.2%	2,3 M €	+4.7%	2,2 M €	+3.4%	2,1 M €	+0.1%	2,1 M €	+1.1%	2,1 M €	+2.5%	2 M €	+1.9%	2 M €	-34.7%	3 M €	+9.3%	2,8 M €
Total assets	13,3 M €	+28.3%	10,4 M €	+13.4%	9,2 M €	+2.0%	9 M €	+24.5%	7,2 M €	-18.3%	8,8 M €	-6.6%	9,4 M €	+11.3%	8,5 M €	+19.0%	7,1 M €	+14.9%	6,2 M €	+2.0%	6,1 M €	-16.2%	7,3 M €	+36.1%	5,3 M €	+7.3%	5 M €	+10.0%	4,5 M €	-22.1%	5,8 M €
Cash	2,9 M €	+87.2%	1,6 M €	-28.4%	2,2 M €	+74.4%	1,2 M €	+151%	496,2 k €	-47.7%	948,4 k €	-43.9%	1,7 M €	+26.4%	1,3 M €	-27.0%	1,8 M €	+339%	418,1 k €	+14.2%	365,9 k €	-45.8%	675,2 k €	+4.1%	648,3 k €	+38.2%	469,2 k €	-44.8%	849,4 k €	+47.4%	576,3 k €
Debts	4,3 M €	+5.9%	4,1 M €	+2.3%	4 M €	-8.8%	4,4 M €	+24.0%	3,5 M €	-34.0%	5,3 M €	-6.8%	5,7 M €	+3.1%	5,6 M €	+23.0%	4,5 M €	+14.9%	3,9 M €	+0.9%	3,9 M €	-22.8%	5 M €	+58.7%	3,2 M €	+10.5%	2,9 M €	+107%	1,4 M €	-52.7%	2,9 M €
Other
Workforce	28,2 ETP	-1.1%	28,5 ETP	+2.5%	27,8 ETP	-4.1%	29,0 ETP	+1.0%	28,7 ETP	-1.4%	29,1 ETP	+5.4%	27,6 ETP	+1.1%	27,3 ETP	+15.7%	23,6 ETP	-21.3%	30,0 ETP	+9.9%	27,3 ETP	+17.2%	23,3 ETP	+22.0%	19,1 ETP	+11.7%	17,1 ETP	+17.9%	14,5 ETP	-5.8%	15,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 33 ended

Active mandates

BELVEN GROUP

Director · since 12 août 2021 · until 04 mai 2027 · 0716.928.681

Represented by Philippe Wauters

Active

PiliPili Anvest

Managing director · since 12 août 2021 · until 04 mai 2027 · 0770.902.055

Represented by Philip Pirenne

Active

Ended mandates

Effeqtive

Director · since 15 novembre 2018 · until 12 août 2021 · 0712.867.846

Represented by Philip Pirenne

Ended

Effeqtive

Director · since 15 novembre 2018 · until 30 juin 2023 · 0712.867.846

Represented by Pirenne Philip

Ended

Effeqtive

Director · since 15 novembre 2018 · until 30 juin 2023 · 0712.867.846

Represented by Philippe Pirenne

Ended

F-KWADRAAT

Managing director · since 05 septembre 2016 · until 12 août 2021 · 0480.273.130

Represented by Geert Van Mechelen

Ended

At this address

Other companies at this address

Company	CBE no.
BELROVAT● Active	0840.854.495
BELVEN GROUP● Active	0716.928.681
KLEPPERS● Active	1036.106.488
PiliPili Anvest● Active	0770.902.055
RIJSCHOOL DIRK● Active	0471.806.515

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	22/07/2026	03/08/2025	03/07/2024	20/07/2023	01/07/2022	15/07/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	15/06/2022	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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	22/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	03/08/2025	Dutch	PDF
Full model	31/12/2023	30/06/2024	03/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	20/07/2023	Dutch	PDF
Full model	31/12/2021	15/06/2022	01/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	15/07/2021	Dutch	PDF
Full model	31/12/2019	08/09/2020	09/10/2020	Dutch	PDF
Full model	31/12/2018	30/06/2019	10/07/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	20/07/2018	Dutch	PDF
Full model	31/12/2016	02/05/2017	01/06/2017	Dutch	PDF
Full model	31/12/2015	03/05/2016	03/06/2016	Dutch	PDF
Full model	31/12/2014	05/05/2015	02/06/2015	Dutch	PDF
Full model	31/12/2013	06/05/2014	10/06/2014	Dutch	PDF
Full modelCorrection	31/12/2012	07/05/2013	05/07/2013	Dutch	PDF
Full model	31/12/2012	07/05/2013	24/06/2013	Dutch	PDF
Full model	31/12/2011	23/05/2012	15/06/2012	Dutch	PDF
Full model	31/12/2010	03/05/2011	25/05/2011	Dutch	PDF
Full model	31/12/2009	04/05/2010	20/05/2010	Dutch	PDF
Full model	31/12/2008	05/05/2009	08/05/2009	Dutch	PDF
Full model	31/12/2007	06/05/2008	23/05/2008	Dutch	PDF
Full model	31/12/2006	23/05/2007	11/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 33 ended

Active mandates

BELVEN GROUP

Director · since 12 août 2021 · until 04 mai 2027 · 0716.928.681

Represented by Philippe Wauters

Active

PiliPili Anvest

Managing director · since 12 août 2021 · until 04 mai 2027 · 0770.902.055

Represented by Philip Pirenne

Active

Ended mandates

Effeqtive

Director · since 15 novembre 2018 · until 12 août 2021 · 0712.867.846

Represented by Philip Pirenne

Ended

Effeqtive

Director · since 15 novembre 2018 · until 30 juin 2023 · 0712.867.846

Represented by Pirenne Philip

Ended

Effeqtive

Director · since 15 novembre 2018 · until 30 juin 2023 · 0712.867.846

Represented by Philippe Pirenne

Ended

F-KWADRAAT

Managing director · since 05 septembre 2016 · until 12 août 2021 · 0480.273.130

Represented by Geert Van Mechelen

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/03/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/12/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/10/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/03/2016
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 20253,4 M €↑
2024
Annual accounts 20242,2 M €↑
2023
Annual accounts 20231,3 M €↓
2022
Annual accounts 20221,5 M €↑
2021
Annual accounts 20211,1 M €↑
2018
Annual accounts 2018820,1 k €↑
2017
Annual accounts 2017740 k €↑
2016
Annual accounts 2016100,5 k €↑
2015
Annual accounts 201570,9 k €↑
2014
Annual accounts 20141,7 k €↓
2013
Annual accounts 201322,5 k €↓
2012
Annual accounts 201249,6 k €↓
2011
Annual accounts 2011448,1 k €↓
2010
Annual accounts 2010751,9 k €↑
2009
Annual accounts 2009257,8 k €↓
2008
Annual accounts 2008355,8 k €
01/01/1980
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

BELVEN

Overview

What does BELVEN do?

Trend over 16 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