ACTIVE

BELLO

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Financial year 2025 · Closed on 31/12/2025

Net result-22,3 k €-8,3 %over 1 year

Gross margin-1,8 k €-1 166,4 %over 1 year

Equity-29,6 k €-307,9 %over 1 year

Identity

Source · BCE/KBO

BELLO is a Public limited company incorporated in 1985. Its registered office is in Forest.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0428.052.585
Incorporation: 30/10/1985
Legal form: Public limited company
Registered office: Avenue Brugmann 147
1190 Forest · BruxellesSee on map
Contributed capital: 61 973,38 €
Latest accounts: 31/12/2025

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-1,8 k €	-1166%	-142,5 €	+94.3%	-2,5 k €	-120%	-1,1 k €	-101%	80,3 k €
EBITDA	-2,3 k €	-91.5%	-1,2 k €	+69.9%	-4 k €	-76.3%	-2,3 k €	-103%	78,2 k €
Operating result	-2,3 k €	-91.5%	-1,2 k €	+69.9%	-4 k €	-76.3%	-2,3 k €	-103%	78,2 k €
Net result	-22,3 k €	-8.3%	-20,6 k €	+11.0%	-23,2 k €	-14.0%	-20,3 k €	-136%	55,9 k €
Balance sheet
Equity	-29,6 k €	-308%	-7,3 k €	-154%	13,4 k €	-63.4%	36,5 k €	-35.7%	56,8 k €
Total assets	852,4 k €	+0.0%	852,3 k €	-0.0%	852,5 k €	+0.0%	852,5 k €	+0.0%	852,3 k €
Cash	17,4 €	-63.5%	47,6 €	-2.0%	48,5 €	-60.7%	123,4 €	+2.0%	121 €
Debts	882 k €	+2.6%	859,5 k €	+2.4%	839,1 k €	+2.8%	815,9 k €	+2.6%	795,5 k €

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Serge Hermans	Managing directorsince 01/01/2016Director03/06/2008 → 2012 accountsended
Thierry Hermans	Managing directorsince 01/01/2016Directorlisted until the 2007 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Angèle BELLO	Managing director03/06/2008 → 2012 accounts

Other companies at this address

Avenue Brugmann 147 1190 Forest

Company	CBE no.
BELCO BUSINESS CENTER AND FACILITIES● Active	0435.817.238
BELGIAN INVESTMENT HOLDING● Active	0846.195.435
CAVITALON BELGIQUE● Active	0647.723.537
CENTRAL POINT SERVICES● Active	0667.925.469
CORPORATE FAMILY OFFICE BELGIUM● Active	0550.696.219
CORPORATE FAMILY OFFICE INTERNATIONAL● Active	0475.676.815
DFSJ● Active	0656.515.301
G.A.G● Active	0737.585.426
GRAPHIC NARRATIVE ART PROJECT● Active	0525.957.358
IMMO CONCORDE● Active	0438.566.989
J.V. BELGIUM● Active	0821.776.773
KADI FINANCE● Active	0863.586.644
MANAGEMENT ET CONSEIL● Active	0521.926.217
RED DIAMOND ASSET MANAGEMENT● Active	0888.804.070
RICHELLE SERVICES● Active	0470.293.414
RUTLAND INVESTMENT● Active	0822.539.907
TRADITION IMMOBILIERE● Active	0632.688.042
TROPICAL FOREST INVESTMENT● Active	0641.690.038
VASTA PARTNERS● Active	0628.459.337

Full financial information

Source · NBB

	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	29/06/2026	14/08/2025	26/08/2024	29/02/2024	20/10/2022	29/11/2021
General meeting	04/06/2026	05/06/2025	06/06/2024	06/06/2023	07/06/2022	01/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/06/2026	29/06/2026	French	PDF
Abridged model	31/12/2024	05/06/2025	14/08/2025	French	PDF
Abridged model	31/12/2023	06/06/2024	26/08/2024	French	PDF
Abridged model	31/12/2022	06/06/2023	29/02/2024	French	PDF
Abridged model	31/12/2021	07/06/2022	20/10/2022	French	PDF
Abridged model	31/12/2020	01/06/2021	29/11/2021	French	PDF
Abridged model	31/12/2019	07/09/2020	23/11/2020	French	PDF
Abridged model	31/12/2018	04/06/2019	27/10/2019	French	PDF
Abridged model	31/12/2017	05/06/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	06/06/2017	25/09/2017	French	PDF
Abridged model	31/12/2015	07/06/2016	27/09/2016	French	PDF
Abridged model	31/12/2014	02/06/2015	30/09/2015	French	PDF
Abridged model	31/12/2013	03/06/2014	10/10/2014	French	PDF
Abridged model	31/12/2012	04/06/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	05/06/2012	26/10/2012	French	PDF
Abridged model	31/12/2010	07/06/2011	31/10/2011	French	PDF
Abridged model	31/12/2009	01/06/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	30/08/2009	French	PDF
Abridged model	31/12/2007	03/06/2008	30/09/2008	French	PDF
Abridged model	31/12/2006	05/06/2007	27/08/2007	French	PDF

Indicative valuation

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Serge Hermans	Managing directorsince 01/01/2016Director03/06/2008 → 2012 accountsended
Thierry Hermans	Managing directorsince 01/01/2016Directorlisted until the 2007 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Angèle BELLO	Managing director03/06/2008 → 2012 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office17/03/2023
SIEGE SOCIAL
PDF
Mandates27/05/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates23/02/2016
Demission - Nomination administrateurs et administrateurs délégués
PDF
Mandates31/07/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates28/09/2009
Nominations
PDF
Mandates28/09/2009
Démission
PDF
Registered office23/12/2004
SIEGE SOCIAL - DIVERS
PDF
Registered office28/10/2004
SIEGE SOCIAL
PDF

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A company's peers, by sector and size, are included in the Business plan.

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Serge Hermans

Thierry HERMANS

Angèle BELLO

198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

BELLO

Avenue Brugmann 147, 1190 ForestRue Royale 163, 1210 Saint-Josse-ten-Noode

Managing directorDirector

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Brugmann 147, 1190 ForestCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00227185
Rue Royale 163, 1210 Saint-Josse-ten-Noode	accounts 2021 → 2022	Accounts 2022 · 2024-00040039

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BELLOCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00227185

Events

2025
Annual accounts 2025-22,3 k €↓
2024
Annual accounts 2024-20,6 k €↑
2023
Annual accounts 2023-23,2 k €↓
2022
Annual accounts 2022-20,3 k €↓
2021
Annual accounts 202155,9 k €↑
2020
Annual accounts 2020-33,3 k €↑
2019
Annual accounts 2019-36 k €↓
2018
Annual accounts 2018-28,6 k €↓
2017
Annual accounts 20178,5 k €↑
2016
Annual accounts 2016-23,2 k €↑
2015
Annual accounts 2015-25,4 k €↑
2014
Annual accounts 2014-35,6 k €↓
2013
Annual accounts 2013385,6 k €↑
2012
Annual accounts 2012-49,6 k €↓
2011
Annual accounts 2011-45,7 k €↓
2010
Annual accounts 2010270,8 k €↑
2009
Annual accounts 2009-53,1 k €↑
2008
Annual accounts 2008-61,3 k €↓
2007
Annual accounts 2007-34,8 k €↓
2006
Annual accounts 2006-18,5 k €
30/10/1985
IncorporationPublic limited company

BELLO

Overview

Identity

Financials

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

Timeline

Registered offices

Company names

Events