ACTIVE

BELGARDE (SCRL)

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Financial year 2025 · closed on 31/12/2025

Net result

177,8 k €

-28.4% YoY

Gross margin

708,8 k €

-7.8% YoY

Equity

38,5 M €

+683.6% YoY

Workforce

5,8 ETP

+5.5% YoY

What does BELGARDE do?

BELGARDE is a Private company with limited liability incorporated in 1980. Its registered office is in Essen. It employs on average 5,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.062.944

Incorporation

05/11/1980

Legal form

Private company with limited liability

Registered office

Nolsebaan 51
2910 Essen · FlandreSee on map

Contributed capital

18 700,00 €

Latest accounts

31/12/2025

Average workforce

5,8 ETP

Joint committees (3)

14904
200
201

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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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	708,8 k €	-7.8%	769 k €	+6.2%	724,3 k €	+9.6%	660,7 k €	+1.5%	650,7 k €	+32.7%	490,5 k €	+21.3%	404,3 k €	+6.7%	378,7 k €	-2.0%	386,6 k €	+6.8%	361,9 k €	-12.3%	412,6 k €	-5.7%	437,6 k €	-2.4%	448,6 k €	+2.6%	437,2 k €	+14.9%	380,5 k €	+0.2%	379,7 k €	-6.9%	408,1 k €	+22.7%	332,4 k €	+35.5%	245,4 k €	+83.6%	133,7 k €
EBITDA	232,6 k €	-30.7%	335,5 k €	+0.1%	335,3 k €	+8.6%	308,8 k €	-1.0%	311,9 k €	+155%	122,2 k €	+15.2%	106,1 k €	+22.9%	86,3 k €	-2.7%	88,7 k €	+22.7%	72,3 k €	-46.0%	133,9 k €	-2.7%	137,6 k €	+11.1%	123,8 k €	-9.8%	137,3 k €	+30.7%	105 k €	+1.2%	103,8 k €	-22.8%	134,5 k €	+79.0%	75,1 k €	+87.0%	40,2 k €	-39.2%	66,1 k €
Operating result	177,9 k €	-38.6%	290 k €	-3.8%	301,5 k €	+12.5%	268 k €	-4.6%	281 k €	+266%	76,7 k €	+34.3%	57,1 k €	+53.0%	37,3 k €	-25.7%	50,2 k €	+55.1%	32,4 k €	-57.9%	77 k €	-33.3%	115,4 k €	+89.5%	60,9 k €	-21.4%	77,5 k €	+89.4%	40,9 k €	+186%	14,3 k €	-78.7%	67,2 k €	+175%	24,5 k €	+1.6%	24,1 k €	-55.3%	53,9 k €
Net result	177,8 k €	-28.4%	248,2 k €	-93.5%	3,8 M €	+1506%	238,4 k €	-67.4%	731,6 k €	+679%	93,9 k €	-81.1%	497,7 k €	+613%	69,8 k €	+11.8%	62,4 k €	+30.2%	47,9 k €	-48.3%	92,6 k €	-12.3%	105,6 k €	+41.3%	74,7 k €	+5.1%	71,1 k €	+52.6%	46,6 k €	+465%	-12,8 k €	-167%	19,1 k €	+1869%	-1,1 k €	-129%	3,7 k €	-94.9%	73,3 k €
Balance sheet
Equity	38,5 M €	+684%	4,9 M €	-5.8%	5,2 M €	+251%	1,5 M €	+9.8%	1,4 M €	+102%	670,4 k €	+7.0%	626,5 k €	+250%	178,8 k €	-36.6%	282 k €	+4.6%	269,6 k €	-0.8%	271,7 k €	+18.6%	229,1 k €	+32.1%	173,5 k €	+6.8%	162,4 k €	+15.0%	141,3 k €	-2.3%	144,7 k €	-8.1%	157,4 k €	+13.8%	138,4 k €	-0.8%	139,4 k €	+2.8%	135,7 k €
Total assets	39,2 M €	+611%	5,5 M €	+4.3%	5,3 M €	+195%	1,8 M €	-26.3%	2,4 M €	+117%	1,1 M €	+8.1%	1 M €	+95.2%	531,6 k €	-5.1%	559,9 k €	-1.9%	570,9 k €	-2.1%	583,2 k €	+9.6%	532,2 k €	-18.7%	654,5 k €	-7.9%	710,4 k €	+4.9%	677,1 k €	-4.7%	710,4 k €	-7.1%	764,5 k €	+6.6%	717 k €	+25.2%	572,7 k €	+31.3%	436,1 k €
Cash	360,6 k €	-91.9%	4,5 M €	+511%	728,2 k €	-4.7%	764 k €	-49.1%	1,5 M €	+514%	244,6 k €	+188%	84,9 k €	+262%	23,4 k €	-80.6%	120,8 k €	+113%	56,6 k €	-16.5%	67,8 k €	-18.3%	83 k €	-56.2%	189,2 k €	+261%	52,5 k €	-37.0%	83,3 k €	-8.8%	91,3 k €	+89.9%	48,1 k €	+1.1%	47,5 k €	+142%	19,6 k €	+55.5%	12,6 k €
Debts	723,1 k €	+24.7%	579,8 k €	+680%	74,4 k €	-75.6%	304,8 k €	-71.8%	1,1 M €	+141%	447,4 k €	+9.2%	409,9 k €	+17.1%	350,1 k €	+26.5%	276,7 k €	-6.8%	296,9 k €	-4.5%	311 k €	+2.7%	302,9 k €	-37.0%	480,8 k €	-12.2%	547,4 k €	+2.2%	535,5 k €	-5.3%	565,6 k €	-6.8%	607 k €	+4.9%	578,5 k €	+33.9%	432 k €	+44.2%	299,5 k €
Other
Workforce	5,8 ETP	+5.5%	5,5 ETP	+12.2%	4,9 ETP	-2.0%	5,0 ETP	+4.2%	4,8 ETP	-15.8%	5,7 ETP	+16.3%	4,9 ETP	+4.3%	4,7 ETP	-2.1%	4,8 ETP	0.0%	4,8 ETP	+9.1%	4,4 ETP	+15.8%	3,8 ETP	-19.1%	4,7 ETP	-2.1%	4,8 ETP	0.0%	4,8 ETP	+2.1%	4,7 ETP	-6.0%	5,0 ETP	+8.7%	4,6 ETP	+12.2%	4,1 ETP	+310%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

MCDW

Director · since 04 février 2025 · 1018.405.671

Represented by Maria Christina de Wild

Active

Uylenspieghel

Director · since 04 février 2025 · 1018.405.275

Represented by Tijl Van Den Bosch

Active

Ended mandates

Tijl Van den Bosch

Manager · since 02 mai 2015

Ended

Joseph de Wild

Mandate · since 07 décembre 2005

Ended

Maria Christina De Wild

Manager · since 07 décembre 2005

Ended

Tijl Van den Bosch

Manager · since 07 décembre 2005

Ended

At this address

Other companies at this address

Company	CBE no.
Administratiekantoor Belgarde● Active	1011.675.554

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	31/08/2026	31/07/2025	27/08/2024	28/07/2023	31/05/2022	21/06/2021
General meeting	26/06/2026	08/04/2025	16/07/2024	01/05/2023	02/05/2022	03/05/2021
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	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	08/04/2025	31/07/2025	Dutch	PDF
Abridged model	31/12/2023	16/07/2024	27/08/2024	Dutch	PDF
Abridged model	31/12/2022	01/05/2023	28/07/2023	Dutch	PDF
Abridged model	31/12/2021	02/05/2022	31/05/2022	Dutch	PDF
Abridged model	31/12/2020	03/05/2021	21/06/2021	Dutch	PDF
Abridged model	31/12/2019	14/05/2020	09/10/2020	Dutch	PDF
Abridged model	31/12/2018	06/05/2019	22/05/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	26/07/2018	Dutch	PDF
Abridged model	31/12/2016	05/05/2017	27/07/2017	Dutch	PDF
Abridged model	31/12/2015	02/05/2016	06/05/2016	Dutch	PDF
Abridged model	31/12/2014	04/05/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	05/05/2014	18/08/2014	Dutch	PDF
Abridged model	31/12/2012	06/05/2013	29/06/2013	Dutch	PDF
Abridged model	31/12/2011	07/05/2012	13/08/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	09/05/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	03/05/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	11/05/2009	Dutch	PDF
Abridged model	31/12/2007	02/05/2008	28/08/2008	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 5 M€ and 10 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 · 8 ended

Active mandates

MCDW

Director · since 04 février 2025 · 1018.405.671

Represented by Maria Christina de Wild

Active

Uylenspieghel

Director · since 04 février 2025 · 1018.405.275

Represented by Tijl Van Den Bosch

Active

Ended mandates

Tijl Van den Bosch

Manager · since 02 mai 2015

Ended

Joseph de Wild

Mandate · since 07 décembre 2005

Ended

Maria Christina De Wild

Manager · since 07 décembre 2005

Ended

Tijl Van den Bosch

Manager · since 07 décembre 2005

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/12/2018
KAPITAAL - AANDELEN
PDF
Capital / shares30/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates29/12/2005
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - 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

2025
Annual accounts 2025177,8 k €↓
2024
Annual accounts 2024248,2 k €↓
2023
Annual accounts 20233,8 M €↑
2022
Annual accounts 2022238,4 k €↓
2021
Annual accounts 2021731,6 k €↑
2020
Annual accounts 202093,9 k €↓
2019
Annual accounts 2019497,7 k €↑
2018
Annual accounts 201869,8 k €↑
2017
Annual accounts 201762,4 k €↑
2016
Annual accounts 201647,9 k €↓
2015
Annual accounts 201592,6 k €↓
2014
Annual accounts 2014105,6 k €↑
2013
Annual accounts 201374,7 k €↑
2012
Annual accounts 201271,1 k €↑
2011
Annual accounts 201146,6 k €↑
2010
Annual accounts 2010-12,8 k €↓
2009
Annual accounts 200919,1 k €↑
2008
Annual accounts 2008-1,1 k €↓
2007
Annual accounts 20073,7 k €↓
2006
Annual accounts 200673,3 k €
05/11/1980
IncorporationPrivate company with limited liability

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

BELGARDE (SCRL)

Overview

What does BELGARDE 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