ACTIVE

Belver

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Financial year 2025 · closed on 31/12/2025

Net result

-6,7 k €

-28.3% YoY

Gross margin

456,1 k €

+1.9% YoY

Equity

524,1 k €

-10.4% YoY

Workforce

11,1 ETP

-7.5% YoY

What does Belver do?

Belver is a Private limited company incorporated in 1980. Its registered office is in Verviers. It employs on average 11,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0420.475.006

Incorporation

10/04/1980

Legal form

Private limited company

Registered office

Rue Fernand Houget 12
4800 Verviers · WallonieSee on map

Contributed capital

18 750,00 €

Latest accounts

31/12/2025

Average workforce

11,1 ETP

Joint committees (2)

Contacts

1 public detail availableLog in to view

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	456,1 k €	+1.9%	447,8 k €	-7.6%	484,8 k €	-6.4%	517,7 k €	-45.0%	940,7 k €	+94.5%	483,7 k €	+15.9%	417,5 k €	+2.5%	407,3 k €	-9.6%	450,4 k €	+13.1%	398,4 k €	+4.9%	379,7 k €	+1.7%	373,5 k €	-12.7%	428,1 k €	-1.7%	435,6 k €	-9.2%	479,5 k €	-10.8%	537,6 k €	+2.8%	523 k €	+21.1%	432 k €
EBITDA	37,8 k €	-4.2%	39,5 k €	+4.8%	37,7 k €	-10.2%	42 k €	-92.5%	561,5 k €	+498%	93,9 k €	+765%	10,9 k €	-3.3%	11,2 k €	-82.7%	65 k €	+247%	18,7 k €	+16.8%	16 k €	-9.7%	17,8 k €	-76.2%	74,6 k €	+370%	-27,7 k €	-183%	33,3 k €	-7.0%	35,8 k €	-8.1%	39 k €	+154%	-72,8 k €
Operating result	1,2 k €	+149%	-2,4 k €	+36.9%	-3,8 k €	-598%	761,3 €	-99.9%	544,3 k €	+572%	81 k €	+5210%	1,5 k €	-22.3%	2 k €	-96.4%	53,9 k €	+1758%	2,9 k €	+56.6%	1,9 k €	+7.3%	1,7 k €	-96.4%	48,2 k €	+189%	-54,3 k €	-1164%	5,1 k €	+196%	-5,3 k €	+80.5%	-27,3 k €	+80.1%	-136,7 k €
Net result	-6,7 k €	-28.3%	-5,2 k €	+9.1%	-5,7 k €	+4.4%	-6 k €	-101%	399,3 k €	+639%	54 k €	+7279%	732,2 €	-72.7%	2,7 k €	-94.1%	45,7 k €	+24270%	187,7 €	+176%	68 €	-97.8%	3,1 k €	-94.1%	52,7 k €	+1795%	2,8 k €	+106%	-50,1 k €	+85.4%	-342,6 k €	-149%	704,2 k €	+16759%	4,2 k €
Balance sheet
Equity	524,1 k €	-10.4%	584,8 k €	-0.9%	589,9 k €	-2.7%	606,4 k €	-1.0%	612,4 k €	+187%	213,1 k €	+34.0%	159 k €	+0.5%	158,3 k €	+1.7%	155,6 k €	+7.4%	144,9 k €	+0.1%	144,7 k €	+0.0%	144,6 k €	+2.2%	141,5 k €	+59.3%	88,8 k €	+3.2%	86 k €	-36.8%	136,1 k €	-71.6%	478,7 k €	+312%	-225,5 k €
Total assets	734 k €	-14.1%	854,1 k €	+4.0%	820,9 k €	-15.4%	970,6 k €	-37.7%	1,6 M €	+259%	434,6 k €	-12.1%	494,3 k €	-0.4%	496,2 k €	+33.2%	372,6 k €	-25.2%	498 k €	+0.0%	497,8 k €	+5.6%	471,2 k €	-13.1%	542,3 k €	-25.9%	732,1 k €	+77.2%	413,2 k €	-39.8%	686,9 k €	-19.8%	856,6 k €	+2.9%	832,6 k €
Cash	85,5 k €	-6.1%	91 k €	+19.0%	76,5 k €	+22.3%	62,5 k €	+44.6%	43,2 k €	-27.3%	59,4 k €	+76.8%	33,6 k €	-46.0%	62,2 k €	+8.9%	57,1 k €	-14.8%	67,1 k €	+53.8%	43,6 k €	+150%	17,5 k €	+1.5%	17,2 k €	-72.5%	62,5 k €	+64.3%	38 k €	-19.5%	47,2 k €	-47.1%	89,3 k €	+137%	37,7 k €
Debts	171,3 k €	-23.4%	223,5 k €	+25.6%	177,9 k €	-41.4%	303,9 k €	-65.4%	878,1 k €	+296%	221,5 k €	-33.9%	335,3 k €	-0.8%	337,9 k €	+55.7%	216,9 k €	-38.6%	353,1 k €	+0.0%	353,1 k €	+14.8%	307,5 k €	-19.2%	380,5 k €	-34.2%	577,9 k €	+76.6%	327,2 k €	-40.6%	550,8 k €	+45.8%	377,9 k €	-64.3%	1,1 M €
Other
Workforce	11,1 ETP	-7.5%	12,0 ETP	+6.2%	11,3 ETP	-13.1%	13,0 ETP	+4.0%	12,5 ETP	+4.2%	12,0 ETP	+3.4%	11,6 ETP	-2.5%	11,9 ETP	-10.5%	13,3 ETP	+9.0%	12,2 ETP	-3.2%	12,6 ETP	+3.3%	12,2 ETP	-5.4%	12,9 ETP	-19.4%	16,0 ETP	-13.0%	18,4 ETP	-8.9%	20,2 ETP	+5.8%	19,1 ETP	-5.9%	20,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

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

Active mandates

CHANTAL SNIJDERS

Director

Active

Michel GRAU

Director

Active

Ended mandates

Michel GRAU

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
APEX ALTITUDE TRAINING● Active	1042.535.214
Association des copropriétaires de la RESIDENCE FERNAND HOUGET à 4800 Verviers, rue Fernand Houget 12b● Active	0818.786.304
SILK● Active	0524.711.503

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	26/02/2026	30/06/2025	27/03/2024	20/04/2023	29/08/2022	31/08/2021
General meeting	09/02/2026	05/06/2025	16/03/2024	31/03/2023	19/08/2022	09/08/2021
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	09/02/2026	26/02/2026	French	PDF
Abridged model	31/12/2024	05/06/2025	30/06/2025	French	PDF
Abridged model	31/12/2023	16/03/2024	27/03/2024	French	PDF
Abridged model	31/12/2022	31/03/2023	20/04/2023	French	PDF
Abridged model	31/12/2021	19/08/2022	29/08/2022	French	PDF
Abridged model	31/12/2020	09/08/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	20/08/2020	07/09/2020	French	PDF
Abridged model	31/12/2018	06/06/2019	13/06/2019	French	PDF
Abridged model	31/12/2017	08/06/2018	08/06/2018	French	PDF
Abridged model	31/12/2016	04/05/2017	29/05/2017	French	PDF
Abridged model	31/12/2015	06/05/2016	31/05/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	16/07/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	27/06/2014	French	PDF
Abridged model	31/12/2012	15/06/2013	26/06/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	10/07/2012	French	PDF
Abridged model	31/12/2010	27/08/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	05/06/2010	09/06/2010	French	PDF
Abridged model	31/12/2008	27/06/2009	08/07/2009	French	PDF
Abridged model	31/12/2007	07/06/2008	24/06/2008	French	PDF
Abridged model	31/12/2006	25/08/2007	21/09/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 2 active · 1 ended

Active mandates

CHANTAL SNIJDERS

Director

Active

Michel GRAU

Director

Active

Ended mandates

Michel GRAU

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Capital / shares17/02/2004
CAPITAL, ACTIONS
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 2025-6,7 k €↓
2024
Annual accounts 2024-5,2 k €↑
2023
Annual accounts 2023-5,7 k €↑
2022
Annual accounts 2022-6 k €↓
2021
Annual accounts 2021399,3 k €↑
2020
Annual accounts 202054 k €↑
2019
Annual accounts 2019732,2 €↓
2018
Annual accounts 20182,7 k €↓
2017
Annual accounts 201745,7 k €↑
2016
Annual accounts 2016187,7 €↑
2015
Annual accounts 201568 €↓
2014
Annual accounts 20143,1 k €↓
2013
Annual accounts 201352,7 k €↑
2012
Annual accounts 20122,8 k €↑
2011
Annual accounts 2011-50,1 k €↑
2010
Annual accounts 2010-342,6 k €↓
2009
Annual accounts 2009704,2 k €↑
2008
Annual accounts 20084,2 k €
10/04/1980
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

Belver

Overview

What does Belver do?

Trend over 18 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