ACTIVE

BELCIS (SRL)

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Financial year 2025 · closed on 31/12/2025

Net result

702,6 €

-98.3% YoY

Gross margin

17,1 k €

-76.4% YoY

Equity

103,5 k €

-14.5% YoY

What does BELCIS do?

BELCIS is a Private limited company incorporated in 1980. Its main activity is: Security and investigation activities. Its registered office is in Wingene.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0420.447.587

Incorporation

27/03/1980

Legal form

Private limited company

Registered office

Oude Tieltstraat 35
8755 Wingene · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

80010Security and investigation activities· main 80300Investigation activities

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ 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	17,1 k €	-76.4%	72,3 k €	+172%	26,5 k €	-31.2%	38,6 k €	+59.9%	24,1 k €	-37.9%	38,9 k €	-18.1%	47,5 k €	+11.4%	42,6 k €	-45.4%	78 k €	-4.9%	82,1 k €	+57.0%	52,3 k €	-9.8%	57,9 k €	-16.9%	69,7 k €	+17.1%	59,5 k €	+9.1%	54,6 k €	+72.8%	31,6 k €	+71.9%	18,4 k €	+192%	6,3 k €	-78.0%	28,7 k €	+17.7%	24,4 k €
EBITDA	16,7 k €	-76.8%	71,8 k €	+201%	23,8 k €	-36.9%	37,8 k €	+59.9%	23,6 k €	-38.3%	38,3 k €	-16.8%	46 k €	+9.3%	42,1 k €	-45.6%	77,4 k €	-5.0%	81,4 k €	+57.4%	51,8 k €	-10.1%	57,6 k €	-13.6%	66,6 k €	+22.0%	54,6 k €	+11.3%	49,1 k €	+115%	22,8 k €	+81.3%	12,6 k €	+578%	-2,6 k €	-116%	16,8 k €	-8.4%	18,4 k €
Operating result	12 k €	-82.0%	66,8 k €	+247%	19,3 k €	-41.3%	32,8 k €	+101%	16,3 k €	-49.5%	32,3 k €	-25.9%	43,6 k €	+11.6%	39,1 k €	-43.5%	69,2 k €	-3.8%	71,9 k €	+62.8%	44,2 k €	-1.9%	45 k €	+27.3%	35,3 k €	-2.1%	36,1 k €	+17.9%	30,6 k €	+300%	7,7 k €	+46.9%	5,2 k €	+148%	-10,8 k €	-225%	8,6 k €	+118%	4 k €
Net result	702,6 €	-98.3%	40,3 k €	+299%	10,1 k €	-55.0%	22,4 k €	+222%	7 k €	-64.0%	19,4 k €	-32.6%	28,7 k €	+35.4%	21,2 k €	-44.0%	37,9 k €	-11.3%	42,7 k €	+22.6%	34,9 k €	+95.6%	17,8 k €	-12.1%	20,3 k €	-27.2%	27,9 k €	+41.4%	19,7 k €	+2464%	-833,4 €	-191%	919,6 €	+108%	-11,7 k €	-444%	3,4 k €	+168%	-5 k €
Balance sheet
Equity	103,5 k €	-14.5%	121,1 k €	-1.7%	123,2 k €	+8.9%	113,1 k €	+24.7%	90,7 k €	+8.3%	83,7 k €	+15.7%	72,4 k €	+41.4%	51,2 k €	+70.8%	30 k €	+56.0%	19,2 k €	0.0%	19,2 k €	+223%	-15,6 k €	-115%	102,9 k €	+24.5%	82,6 k €	+50.9%	54,7 k €	+56.2%	35 k €	-2.3%	35,9 k €	+2.6%	35 k €	-25.1%	46,7 k €	+7.9%	43,3 k €
Total assets	134,4 k €	-27.1%	184,3 k €	+2.4%	180 k €	+8.6%	165,7 k €	+30.0%	127,5 k €	+1.0%	126,2 k €	+6.5%	118,5 k €	+2.7%	115,4 k €	-0.0%	115,4 k €	-17.1%	139,2 k €	+18.4%	117,5 k €	-15.9%	139,8 k €	-41.7%	239,9 k €	+0.8%	238 k €	+9.8%	216,7 k €	+11.6%	194,2 k €	+23.0%	157,9 k €	+9.3%	144,4 k €	-5.9%	153,5 k €	+19.1%	128,9 k €
Cash	4,4 k €	-81.4%	23,7 k €	+45.0%	16,4 k €	-3.9%	17 k €	+419%	3,3 k €	-58.8%	8 k €	+767%	918,4 €	-68.0%	2,9 k €	-69.8%	9,5 k €	+1338%	660,7 €	-89.3%	6,2 k €	-70.7%	21,1 k €	+450%	3,8 k €	+147%	1,6 k €	+29.4%	1,2 k €	-71.0%	4,1 k €	+1953%	201,6 €	-71.1%	698,2 €	-85.0%	4,7 k €	+8365%	55 €
Debts	28,4 k €	-55.1%	63,3 k €	+11.4%	56,8 k €	+13.4%	50,1 k €	+36.3%	36,8 k €	-13.5%	42,5 k €	-7.9%	46,1 k €	-28.2%	64,2 k €	-24.8%	85,4 k €	-28.8%	120 k €	+25.2%	95,8 k €	-38.4%	155,4 k €	+13.5%	137 k €	-11.8%	155,4 k €	-4.1%	162 k €	+1.8%	159,2 k €	+30.4%	122 k €	+11.5%	109,4 k €	+2.5%	106,8 k €	+24.8%	85,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Christophe NEIRINCK

Director

Active

Ended mandates

Christophe NEIRINCK

Manager

Ended

CHRISTOPHE NEIRYNCK

Manager

Ended

At this address

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Malt Projects● Active	1042.125.636
Treficon● Active	0642.607.776

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	30/06/2026	02/07/2025	04/07/2024	08/06/2023	02/06/2022	10/06/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/05/2023	30/05/2022	31/05/2021
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	26/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	02/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	04/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/05/2023	08/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/05/2022	02/06/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	10/06/2021	Dutch	PDF
Abridged model	31/12/2019	25/05/2020	04/06/2020	Dutch	PDF
Abridged model	31/12/2018	27/05/2019	06/06/2019	Dutch	PDF
Abridged model	31/12/2017	28/05/2018	07/06/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	08/06/2017	Dutch	PDF
Abridged model	31/12/2015	30/05/2016	08/06/2016	Dutch	PDF
Abridged model	31/12/2014	26/05/2015	11/06/2015	Dutch	PDF
Abridged model	31/12/2013	26/05/2014	26/06/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	13/09/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	03/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	02/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	31/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	30/07/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	30/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 2 ended

Active mandates

Christophe NEIRINCK

Director

Active

Ended mandates

Christophe NEIRINCK

Manager

Ended

CHRISTOPHE NEIRYNCK

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other27/01/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL
PDF
Mandates14/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
PDF
Capital / shares09/07/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office12/06/2003
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL
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 2025702,6 €↓
2024
Annual accounts 202440,3 k €↑
2023
Annual accounts 202310,1 k €↓
2022
Annual accounts 202222,4 k €↑
2021
Annual accounts 20217 k €↓
2020
Annual accounts 202019,4 k €↓
2019
Annual accounts 201928,7 k €↑
2018
Annual accounts 201821,2 k €↓
2017
Annual accounts 201737,9 k €↓
2016
Annual accounts 201642,7 k €↑
2015
Annual accounts 201534,9 k €↑
2014
Annual accounts 201417,8 k €↓
2013
Annual accounts 201320,3 k €↓
2012
Annual accounts 201227,9 k €↑
2011
Annual accounts 201119,7 k €↑
2010
Annual accounts 2010-833,4 €↓
2009
Annual accounts 2009919,6 €↑
2008
Annual accounts 2008-11,7 k €↓
2007
Annual accounts 20073,4 k €↑
2006
Annual accounts 2006-5 k €
27/03/1980
IncorporationPrivate 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

BELCIS (SRL)

Overview

What does BELCIS do?

Trend over 20 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