ACTIVE

BELPUB

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Financial year 2025 · closed on 31/12/2025

Net result

1,9 k €

-16.9% YoY

Gross margin

91,7 k €

+0.9% YoY

Equity

108,5 k €

+1.8% YoY

What does BELPUB do?

BELPUB is a Private limited company incorporated in 1985. Its main activity is: Other printing. Its registered office is in Roeselare.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.559.370

Incorporation

13/08/1985

Legal form

Private limited company

Registered office

Armoedestraat 11 box 1
8800 Roeselare · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Activities (NACE)

18120Other printing· main 18120Other printing 47620Retail sale of newspapers and stationery in specialised stores 47621Retail sale of newspapers and stationery in specialised stores 52470Warehousing and support activities for transportation 18120Other printing+2

Joint committees (1)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ 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	91,7 k €	+0.9%	90,9 k €	-25.2%	121,6 k €	-38.1%	196,2 k €	+32.8%	147,8 k €	+70.9%	86,4 k €	+32.6%	65,2 k €	+21.7%	53,6 k €	-41.8%	92,1 k €	+238%	27,2 k €	-75.6%	111,5 k €	+35.7%	82,1 k €	+0.4%	81,9 k €	+37.6%	59,5 k €	+0.3%	59,3 k €	-21.7%	75,8 k €	+14.4%	66,2 k €	-13.8%	76,8 k €	+207%	25 k €	-55.8%	56,6 k €
EBITDA	66,1 k €	-6.6%	70,7 k €	-1.1%	71,5 k €	-39.0%	117,3 k €	+59.9%	73,3 k €	+69.0%	43,4 k €	+27.9%	33,9 k €	+15.4%	29,4 k €	-14.3%	34,3 k €	+437%	-10,2 k €	-115%	69,7 k €	+138%	29,3 k €	+57.6%	18,6 k €	+1995%	-980,9 €	-148%	-396 €	-102%	16,5 k €	-45.1%	30,1 k €	+71.2%	17,6 k €	+330%	-7,7 k €	-126%	29,6 k €
Operating result	25,8 k €	-14.8%	30,3 k €	-1.6%	30,8 k €	-55.7%	69,4 k €	+255%	19,5 k €	+92.9%	10,1 k €	-53.7%	21,9 k €	+543%	3,4 k €	-78.6%	15,9 k €	+202%	-15,6 k €	-125%	61,9 k €	+200%	20,6 k €	+121%	9,3 k €	+306%	-4,5 k €	-63.7%	-2,8 k €	+23.2%	-3,6 k €	-118%	20 k €	+170%	7,4 k €	+137%	-20,2 k €	-342%	8,3 k €
Net result	1,9 k €	-16.9%	2,3 k €	-31.4%	3,4 k €	-92.9%	48,1 k €	+4120%	1,1 k €	+113%	534,9 €	-80.5%	2,7 k €	+1716%	151,1 €	-98.9%	13,2 k €	+203%	-12,9 k €	-130%	42,6 k €	+6096%	688 €	-78.1%	3,1 k €	+217%	992,2 €	-41.6%	1,7 k €	-97.6%	70,8 k €	+570%	10,6 k €	+1376%	715,4 €	+102%	-34,3 k €	-6125%	-551,7 €
Balance sheet
Equity	108,5 k €	+1.8%	106,6 k €	+2.2%	104,3 k €	+3.4%	100,9 k €	+91.1%	52,8 k €	+2.2%	51,6 k €	+1.0%	51,1 k €	+5.7%	48,4 k €	+0.3%	48,2 k €	+37.8%	35 k €	-77.5%	155,9 k €	+37.6%	113,2 k €	+0.6%	112,5 k €	+2.9%	109,4 k €	+0.9%	108,4 k €	+1.6%	106,7 k €	+197%	35,9 k €	+41.6%	25,4 k €	+2.9%	24,6 k €	-58.2%	59 k €
Total assets	876 k €	-5.0%	921,9 k €	-7.0%	991,2 k €	-1.5%	1 M €	-3.2%	1 M €	+2.3%	1 M €	+144%	417,3 k €	+22.5%	340,6 k €	+125%	151,5 k €	+42.9%	106 k €	-48.1%	204,2 k €	+5.0%	194,4 k €	-3.3%	201,1 k €	+24.1%	162 k €	-8.2%	176,5 k €	-0.2%	176,9 k €	-4.5%	185,2 k €	-5.9%	196,8 k €	-13.0%	226,2 k €	-16.3%	270,4 k €
Cash	109,4 k €	+57.1%	69,6 k €	-23.2%	90,7 k €	+101%	45,1 k €	+1.4%	44,5 k €	-24.9%	59,2 k €	+42.5%	41,6 k €	+85.6%	22,4 k €	+286%	5,8 k €	-43.5%	10,3 k €	-84.4%	65,6 k €	+54.6%	42,4 k €	+25.6%	33,7 k €	+298%	8,5 k €	-50.9%	17,3 k €	+169%	6,4 k €	-37.2%	10,2 k €	+73.9%	5,9 k €	-9.0%	6,5 k €	-66.0%	19 k €
Debts	762 k €	-5.9%	809,9 k €	-8.1%	881,6 k €	-2.1%	900,2 k €	-8.4%	982,4 k €	+2.3%	960,4 k €	+164%	363,9 k €	+24.5%	292,2 k €	+183%	103,3 k €	+45.5%	71 k €	+46.9%	48,3 k €	-40.5%	81,1 k €	+61.5%	50,3 k €	+312%	12,2 k €	-54.7%	26,9 k €	-6.2%	28,7 k €	-80.8%	149,3 k €	-12.9%	171,5 k €	-14.9%	201,5 k €	-4.6%	211,4 k €
Other
Workforce	–		0,8 ETP	0.0%	0,8 ETP		–		–		–		0,9 ETP	+350%	0,2 ETP	-86.7%	1,5 ETP	+50.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-44.4%	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP	+28.6%	1,4 ETP	-22.2%	1,8 ETP	+80.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

ROELS-LAMBERT

Director · since 02 mai 2023 · 0844.366.687

Represented by Kurt Roels

Active

Ended mandates

ROELS-LAMBERT

Director · since 02 mai 2023 · 0844.366.687

Represented by Roels KURT

Ended

ROELS-LAMBERT

Manager · since 30 juin 2017 · 0844.366.687

Ended

ROELS-LAMBERT

Manager · 0844.366.687

Represented by Kurt Roels

Ended

ROELS-LAMBERT

Manager · 0844.366.687

Represented by Kurt Roels

Ended

At this address

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BSBG● Bankrupt	0734.910.701
FLANDERS TRADING GROUP● Active	0881.238.169
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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Micro 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	22/08/2025	26/09/2024	03/07/2023	30/09/2022	16/08/2021
General meeting	27/06/2026	28/06/2025	26/08/2024	24/06/2023	28/09/2022	20/07/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	27/06/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	28/06/2025	22/08/2025	Dutch	PDF
Abridged model	31/12/2023	26/08/2024	26/09/2024	Dutch	PDF
Abridged model	31/12/2022	24/06/2023	03/07/2023	Dutch	PDF
Abridged model	31/12/2021	28/09/2022	30/09/2022	Dutch	PDF
Micro model	31/12/2020	20/07/2021	16/08/2021	Dutch	PDF
Abridged model	31/12/2019	30/10/2020	03/11/2020	Dutch	PDF
Abridged model	31/12/2018	01/06/2019	03/06/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	18/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	13/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	07/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	28/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	30/07/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	08/08/2013	Dutch	PDF
Abridged model	31/12/2011	10/01/2013	08/07/2013	Dutch	PDF
Abridged model	31/12/2010	10/01/2012	14/03/2012	Dutch	PDF
Abridged model	31/12/2009	11/04/2011	14/04/2011	Dutch	PDF
Abridged model	31/12/2008	27/06/2009	21/05/2010	Dutch	PDF
Abridged model	31/12/2007	28/06/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	06/06/2008	Dutch	PDF
Abridged model	31/12/2005	24/06/2006	28/02/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 5 ended

Active mandates

ROELS-LAMBERT

Director · since 02 mai 2023 · 0844.366.687

Represented by Kurt Roels

Active

Ended mandates

ROELS-LAMBERT

Director · since 02 mai 2023 · 0844.366.687

Represented by Roels KURT

Ended

ROELS-LAMBERT

Manager · since 30 juin 2017 · 0844.366.687

Ended

ROELS-LAMBERT

Manager · 0844.366.687

Represented by Kurt Roels

Ended

ROELS-LAMBERT

Manager · 0844.366.687

Represented by Kurt Roels

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/05/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Registered office16/02/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates23/02/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/07/2012
ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/03/2011
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 20251,9 k €↓
2024
Annual accounts 20242,3 k €↓
2023
Annual accounts 20233,4 k €↓
2022
Annual accounts 202248,1 k €↑
2021
Annual accounts 20211,1 k €↑
2020
Annual accounts 2020534,9 €↓
2019
Annual accounts 20192,7 k €↑
2018
Annual accounts 2018151,1 €↓
2017
Annual accounts 201713,2 k €↑
2016
Annual accounts 2016-12,9 k €↓
2015
Annual accounts 201542,6 k €↑
2014
Annual accounts 2014688 €↓
2013
Annual accounts 20133,1 k €↑
2012
Annual accounts 2012992,2 €↓
2011
Annual accounts 20111,7 k €↓
2010
Annual accounts 201070,8 k €↑
2009
Annual accounts 200910,6 k €↑
2008
Annual accounts 2008715,4 €↑
2007
Annual accounts 2007-34,3 k €↓
2006
Annual accounts 2006-551,7 €
13/08/1985
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

BELPUB

Overview

What does BELPUB 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