ACTIVE

BELGIAN MAIL SERVICE

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Financial year 2025 · closed on 31/12/2025

Net result

-10,4 k €

-107.4% YoY

Gross margin

74,6 k €

-82.9% YoY

Equity

1,1 M €

-1.0% YoY

Workforce

3,9 ETP

0.0% YoY

What does BELGIAN MAIL SERVICE do?

BELGIAN MAIL SERVICE is a Public limited company incorporated in 1980. Its main activity is: Retail sale of beverages in specialised stores. Its registered office is in Kuurne. It employs on average 3,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.153.709

Incorporation

12/12/1980

Legal form

Public limited company

Registered office

Brugsesteenweg 313-317
8520 Kuurne · FlandreSee on map

Contributed capital

336 000,00 €

Latest accounts

31/12/2025

Average workforce

3,9 ETP

Activities (NACE)

47252Retail sale of beverages in specialised stores· main 47252Retail sale of beverages in specialised stores 52250Support activities for transportation

Joint committees (4)

119
200
2000011900
218

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008		2007		2006
Income statement
Gross margin	74,6 k €	-82.9%	437,7 k €	-14.6%	512,7 k €	+6.9%	479,5 k €	+65.4%	289,9 k €	+20.5%	240,6 k €	+19.6%	201,2 k €	+15.3%	174,5 k €	+40.0%	124,7 k €	-11.2%	140,3 k €	-8.9%	154,1 k €	+33.7%	115,3 k €	-1.3%	116,9 k €	-22.4%	150,5 k €	+10.2%	136,6 k €	-7.9%	148,4 k €	-9.1%	163,1 k €
EBITDA	47,9 k €	-80.4%	243,6 k €	-27.0%	333,6 k €	+2.8%	324,4 k €	+106%	157,2 k €	+51.6%	103,7 k €	+118%	47,5 k €	-16.7%	57 k €	+2.2%	55,7 k €	-0.6%	56,1 k €	+34.0%	41,8 k €	-2.5%	42,9 k €	-30.0%	61,3 k €	-33.8%	92,6 k €	+8.8%	85,1 k €	-9.5%	94 k €	+3.6%	90,7 k €
Operating result	-7,2 k €	-104%	191,1 k €	-29.7%	271,9 k €	+0.6%	270,3 k €	+142%	111,9 k €	+62.7%	68,8 k €	+319%	16,4 k €	-35.2%	25,4 k €	+29.5%	19,6 k €	-19.7%	24,4 k €	+245%	7,1 k €	+169%	2,6 k €	-93.2%	38,5 k €	-28.1%	53,5 k €	+3.1%	51,9 k €	+0.3%	51,8 k €	-11.5%	58,5 k €
Net result	-10,4 k €	-107%	140,7 k €	-18.2%	172 k €	-4.0%	179,2 k €	+119%	81,8 k €	+123%	36,7 k €	+11784%	-314,5 €	-103%	9,4 k €	+47.4%	6,4 k €	-44.8%	11,5 k €	+221%	-9,5 k €	+13.7%	-11 k €	-136%	31,1 k €	-16.6%	37,2 k €	+10.2%	33,8 k €	-17.3%	40,9 k €	+0.6%	40,6 k €
Balance sheet
Equity	1,1 M €	-1.0%	1,1 M €	+13.9%	1 M €	+20.6%	832,9 k €	+27.3%	654,6 k €	+60.8%	406,9 k €	+8.6%	374,8 k €	-0.1%	375,1 k €	+2.6%	365,7 k €	+1.8%	359,4 k €	+3.3%	347,8 k €	-6.3%	371,1 k €	-2.9%	382,2 k €	-17.2%	461,8 k €	+8.8%	424,5 k €	+10.2%	385,1 k €	+11.9%	344,3 k €
Total assets	1,5 M €	-4.2%	1,6 M €	-4.6%	1,7 M €	+10.8%	1,5 M €	+11.5%	1,4 M €	+53.2%	893,8 k €	+2.5%	871,8 k €	+34.1%	650 k €	-0.8%	655,2 k €	-0.6%	659 k €	-2.4%	675,4 k €	-4.3%	705,9 k €	+6.0%	665,8 k €	-2.3%	681,6 k €	+15.5%	590 k €	-8.4%	644,2 k €	-1.3%	652,5 k €
Cash	423,9 k €	-6.7%	454,3 k €	-2.3%	465 k €	+46.2%	318 k €	+63.0%	195 k €	-3.9%	202,9 k €	+121%	91,9 k €	+103%	45,2 k €	-43.3%	79,8 k €	+702%	9,9 k €	+0.5%	9,9 k €	+160%	3,8 k €	-79.5%	18,6 k €	+285%	4,8 k €	+84.9%	2,6 k €	+115%	1,2 k €	-91.7%	14,6 k €
Debts	347,3 k €	-12.0%	394,8 k €	-35.9%	615,9 k €	-0.5%	618,8 k €	-13.0%	711 k €	+49.3%	476,2 k €	-2.1%	486,6 k €	+77.0%	274,9 k €	-5.0%	289,5 k €	-3.4%	299,7 k €	-8.5%	327,5 k €	-2.1%	334,6 k €	+18.0%	283,6 k €	+29.0%	219,8 k €	+32.8%	165,4 k €	-36.1%	258,9 k €	-15.6%	306,7 k €
Other
Workforce	3,9 ETP	0.0%	3,9 ETP	+5.4%	3,7 ETP	+8.8%	3,4 ETP	+13.3%	3,0 ETP	-9.1%	3,3 ETP	-15.4%	3,9 ETP	+30.0%	3,0 ETP	+87.5%	1,6 ETP	-23.8%	2,1 ETP	-25.0%	2,8 ETP	+55.6%	1,8 ETP	+38.5%	1,3 ETP	-23.5%	1,7 ETP	0.0%	1,7 ETP	0.0%	1,7 ETP	-29.2%	2,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 13 ended

Active mandates

Elise Vanpraet

Managing director

Active

Tonia Bruneel

Director

Active

Ended mandates

Elise Vanpraet

Director · since 01 octobre 2020 · until 30 juin 2026

Ended

Elise Vanpraet

Managing director · since 01 octobre 2020 · until 30 juin 2026

Ended

Marc Van Praet

Managing director · since 01 octobre 2020 · until 30 juin 2026

Ended

Tonia Bruneel

Director · since 01 octobre 2020 · until 30 juin 2026

Ended

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	27/07/2026	22/07/2025	05/07/2024	19/07/2023	13/06/2022	27/08/2021
General meeting	30/06/2026	27/06/2025	07/06/2024	23/06/2023	03/06/2022	25/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	27/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	22/07/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	05/07/2024	Dutch	PDF
Abridged model	31/12/2022	23/06/2023	19/07/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	13/06/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	27/08/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	05/10/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	17/07/2019	Dutch	PDF
Abridged model	31/12/2017	22/06/2018	27/07/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	20/07/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	14/08/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	22/06/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	17/07/2011	Dutch	PDF
Abridged model	31/12/2009	27/02/2010	21/03/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	24/06/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	24/06/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	20/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 13 ended

Active mandates

Elise Vanpraet

Managing director

Active

Tonia Bruneel

Director

Active

Ended mandates

Elise Vanpraet

Director · since 01 octobre 2020 · until 30 juin 2026

Ended

Elise Vanpraet

Managing director · since 01 octobre 2020 · until 30 juin 2026

Ended

Marc Van Praet

Managing director · since 01 octobre 2020 · until 30 juin 2026

Ended

Tonia Bruneel

Director · since 01 octobre 2020 · until 30 juin 2026

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/03/2024
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring04/06/2010
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring12/04/2010
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates28/07/2006
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 2025-10,4 k €↓
2024
Annual accounts 2024140,7 k €↓
2023
Annual accounts 2023172 k €↓
2022
Annual accounts 2022179,2 k €↑
2021
Annual accounts 202181,8 k €↑
2018
Annual accounts 201836,7 k €↑
2017
Annual accounts 2017-314,5 €↓
2016
Annual accounts 20169,4 k €↑
2015
Annual accounts 20156,4 k €↓
2014
Annual accounts 201411,5 k €↑
2013
Annual accounts 2013-9,5 k €↑
2012
Annual accounts 2012-11 k €↓
2011
Annual accounts 201131,1 k €↓
2009
Annual accounts 200937,2 k €↑
2008
Annual accounts 200833,8 k €↓
2007
Annual accounts 200740,9 k €↑
2006
Annual accounts 200640,6 k €
12/12/1980
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

BELGIAN MAIL SERVICE

Overview

What does BELGIAN MAIL SERVICE do?

Trend over 17 financial years

Indicative valuation

Board of directors

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