ACTIVE

BELLINCO

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Financial year 2024 · closed on 31/12/2024

Net result

137,8 k €

+2.7% YoY

Revenue

292,5 k €

+1.5% YoY

Equity

13,0 M €

+1.1% YoY

What does BELLINCO do?

BELLINCO is a Public limited company incorporated in 1980. Its main activity is: Activities of head offices. Its registered office is in Zwevegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0420.520.635

Incorporation

04/06/1980

Legal form

Public limited company

Registered office

Ter Klare(S) 23-25
8554 Zwevegem · FlandreSee on map

Contributed capital

250 000,00 €

Latest accounts

31/12/2024

Activities (NACE)

70100Activities of head offices· main 82990Other business support service activities n.e.c.

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	292,5 k €	+1.5%	288,2 k €	+10.6%	260,7 k €		–		–		–		–		–		–		–		–		–		–		–		1,5 k €	-100.0%	40,6 M €	-5.9%	43,2 M €
EBITDA	249,2 k €	+3.8%	240,2 k €	+9.7%	218,8 k €	-2.3%	224,0 k €	-58.4%	538,5 k €	-2.3%	550,9 k €	+1.5%	542,7 k €	+3.8%	522,7 k €	-22.8%	676,9 k €	+180%	242,0 k €	+44.9%	167,0 k €	-29.8%	237,7 k €	+0.0%	237,6 k €	+112%	112,3 k €	+133%	-342,3 k €	+9.9%	-379,7 k €	-271%	221,8 k €
Operating result	249,2 k €	+4.0%	239,6 k €	+11.8%	214,2 k €	-1.0%	216,4 k €	-56.9%	501,8 k €	+2.8%	487,9 k €	+3.8%	470,1 k €	+4.4%	450,1 k €	-25.5%	604,3 k €	+257%	169,3 k €	+81.2%	93,4 k €	-42.7%	163,1 k €	+40.7%	115,9 k €	+381%	-41,3 k €	+92.2%	-532,6 k €	+9.5%	-588,5 k €	-25.3%	-469,5 k €
Net result	137,8 k €	+2.7%	134,2 k €	-6.4%	143,3 k €	-9.3%	158,0 k €	-53.5%	339,7 k €	+1.5%	334,8 k €	+3.3%	324,1 k €	-21.7%	413,8 k €	-35.9%	646,1 k €	+74.5%	370,3 k €	+9.3%	338,8 k €	-24.0%	445,9 k €	+0.4%	444,2 k €	+129%	194,0 k €	+160%	-320,8 k €	-133%	961,3 k €	+486%	-249,1 k €
Balance sheet
Equity	13,0 M €	+1.1%	12,8 M €	+0.8%	12,7 M €	+1.1%	12,6 M €	-1.7%	12,8 M €	+2.7%	12,5 M €	+2.7%	12,1 M €	+2.7%	11,8 M €	+3.6%	11,4 M €	+6.0%	10,8 M €	+3.5%	10,4 M €	-1.6%	10,6 M €	+4.4%	10,1 M €	+1.4%	10,0 M €	+1.9%	9,8 M €	-3.3%	10,1 M €	+10.0%	9,2 M €
Total assets	14,3 M €	+1.5%	14,1 M €	+1.4%	13,9 M €	+1.9%	13,7 M €	-0.3%	13,7 M €	+0.7%	13,6 M €	+0.4%	13,6 M €	+14.3%	11,9 M €	+2.5%	11,6 M €	+7.4%	10,8 M €	+3.5%	10,4 M €	-2.5%	10,7 M €	+5.1%	10,2 M €	+1.4%	10,0 M €	+1.6%	9,9 M €	-32.8%	14,7 M €	+21.9%	12,0 M €
Cash	57,5 k €	+145%	23,5 k €	+88.3%	12,5 k €	-31.7%	18,2 k €	-87.7%	148,8 k €	+754%	17,4 k €	-90.5%	183,5 k €	-80.3%	932,5 k €	-20.1%	1,2 M €	+43.3%	814,2 k €	-10.4%	909,2 k €	+156%	355,4 k €	-89.4%	3,3 M €	-18.3%	4,1 M €	+6229%	64,7 k €	-97.3%	2,4 M €	-0.9%	2,4 M €
Debts	1,4 M €	+5.6%	1,3 M €	+9.4%	1,2 M €	+8.4%	1,1 M €	+22.5%	883,8 k €	-23.1%	1,1 M €	-19.2%	1,4 M €	+42084%	3,4 k €	-97.6%	138,7 k €	+14865%	927,0 €	-38.6%	1,5 k €	-98.6%	106,1 k €	+223%	32,9 k €	+11.3%	29,5 k €	+0.4%	29,4 k €	-99.4%	4,5 M €	+62.8%	2,8 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		115,0 ETP	-2.4%	117,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 18 ended

Active mandates

ARHOL

Managing director · 0471.449.197

Represented by Arnaud Vandenbogaerde

Active

Elisabeth Theunissen

Director

Active

Ended mandates

Elisabeth Theunissen

Director · since 25 juin 2020 · until 25 juin 2021

Ended

ARHOL

Managing director · since 25 juin 2015 · until 11 juin 2021 · 0471.449.197

Represented by Arnaud Vandenbogaerde

Ended

ARHOL

Managing director · since 25 juin 2015 · until 25 juin 2021 · 0471.449.197

Represented by Arnaud Vandenbogaerde

Ended

ARHOL

Managing director · since 25 juin 2015 · until 11 juin 2021 · 0471.449.197

Represented by Arnaud Vandenbogaerde

Ended

At this address

Other companies at this address

Company	CBE no.
ARHOL● Active	0471.449.197
De Claere● Active	0646.876.469
METRA● Active	0454.206.656
THE BLACK COWS● Active	1025.263.175

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/06/2025	11/06/2024	15/06/2023	27/06/2022	26/06/2021	08/07/2020
General meeting	10/06/2025	10/06/2024	09/06/2023	27/06/2022	25/06/2021	25/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	10/06/2025	10/06/2025	Dutch	PDF
Full model	31/12/2023	10/06/2024	11/06/2024	Dutch	PDF
Full model	31/12/2022	09/06/2023	15/06/2023	Dutch	PDF
Full model	31/12/2021	27/06/2022	27/06/2022	Dutch	PDF
Full model	31/12/2020	25/06/2021	26/06/2021	Dutch	PDF
Full model	31/12/2019	25/06/2020	08/07/2020	Dutch	PDF
Full model	31/12/2018	25/06/2019	02/07/2019	Dutch	PDF
Full model	31/12/2017	21/06/2018	17/07/2018	Dutch	PDF
Full model	31/12/2016	28/06/2017	18/07/2017	Dutch	PDF
Full model	31/12/2015	16/06/2016	08/07/2016	Dutch	PDF
Full model	31/12/2014	25/06/2015	03/07/2015	Dutch	PDF
Full model	31/12/2013	27/06/2014	15/07/2014	Dutch	PDF
Full model	31/12/2012	14/06/2013	27/06/2013	Dutch	PDF
Full model	31/12/2011	08/06/2012	11/07/2012	Dutch	PDF
Full model	31/12/2010	10/06/2011	12/07/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	23/07/2010	Dutch	PDF
Full model	31/12/2008	12/06/2009	13/07/2009	Dutch	PDF
Full model	31/12/2007	14/05/2008	13/06/2008	Dutch	PDF
Full model	31/12/2006	08/06/2007	04/07/2007	Dutch	PDF

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.

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 31/12/2024 · 2 active · 18 ended

Active mandates

ARHOL

Managing director · 0471.449.197

Represented by Arnaud Vandenbogaerde

Active

Elisabeth Theunissen

Director

Active

Ended mandates

Elisabeth Theunissen

Director · since 25 juin 2020 · until 25 juin 2021

Ended

ARHOL

Managing director · since 25 juin 2015 · until 11 juin 2021 · 0471.449.197

Represented by Arnaud Vandenbogaerde

Ended

ARHOL

Managing director · since 25 juin 2015 · until 25 juin 2021 · 0471.449.197

Represented by Arnaud Vandenbogaerde

Ended

ARHOL

Managing director · since 25 juin 2015 · until 11 juin 2021 · 0471.449.197

Represented by Arnaud Vandenbogaerde

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring14/01/2026
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring06/11/2025
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other03/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL - ALGEMENE VERGADERING
PDF
Mandates23/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/04/2018
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/01/2014
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

2024
Annual accounts 2024137,8 k €↑
2023
Annual accounts 2023134,2 k €↓
2022
Annual accounts 2022143,3 k €↓
2021
Annual accounts 2021158,0 k €↓
2018
Annual accounts 2018339,7 k €↑
2017
Annual accounts 2017334,8 k €↑
2016
Annual accounts 2016324,1 k €↓
2015
Annual accounts 2015413,8 k €↓
2014
Annual accounts 2014646,1 k €↑
2013
Annual accounts 2013370,3 k €↑
2012
Annual accounts 2012338,8 k €↓
2011
Annual accounts 2011445,9 k €↑
2010
Annual accounts 2010444,2 k €↑
2009
Annual accounts 2009194,0 k €↑
2008
Annual accounts 2008-320,8 k €↓
2007
Annual accounts 2007961,3 k €↑
2007
Name changeBELLINCO
2006
Annual accounts 2006-249,1 k €
2006
Name changeVANDENBOGAERDE
04/06/1980
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

BELLINCO

Overview

What does BELLINCO do?

Trend over 17 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