ACTIVE

Bellenblaaz

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Financial year 2025 · closed on 31/12/2025

Net result

161,1 k €

+653.5% YoY

Revenue

385,6 k €

+81.3% YoY

Equity

2,2 M €

+104.7% YoY

Workforce

37,4 ETP

+78.9% YoY

What does Bellenblaaz do?

Bellenblaaz is a Non-profit organization incorporated in 1984. Its main activity is: Technical and vocational secondary education. Its registered office is in Antwerpen. It employs on average 37,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.618.434

Incorporation

15/12/1984

Legal form

Non-profit organization

Registered office

Karel Mirystraat 2
2020 Antwerpen · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

37,4 ETP

Activities (NACE)

85321Technical and vocational secondary education· main 88911Child day-care activities 88911Child day-care activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	385,6 k €	+81.3%	212,6 k €		–		–		183,7 k €	+16.4%	157,8 k €	-24.3%	208,5 k €	+0.2%	208,1 k €	+2.4%	203,3 k €	-9.2%	223,9 k €	+0.8%	222,2 k €	+5.5%	210,6 k €	+15.3%	182,7 k €	+4.0%	175,6 k €	+4.5%	168 k €	+1.9%	165 k €	-2.6%	169,3 k €	+7.7%	157,2 k €	+5.0%	149,8 k €
EBITDA	240,6 k €	+1262%	17,7 k €	-34.9%	27,1 k €	+152%	10,8 k €	-78.2%	49,5 k €	-46.0%	91,7 k €	-19.4%	113,8 k €	+70.1%	66,9 k €	+704%	-11,1 k €	-142%	26,3 k €	-57.7%	62,2 k €	+52.9%	40,7 k €	-45.7%	74,9 k €	-4.3%	78,3 k €	-38.3%	126,8 k €	-29.7%	180,4 k €	+3.9%	173,6 k €	+17.2%	148,2 k €	+19.9%	123,6 k €
Operating result	145,8 k €	+566%	-31,3 k €	-71.8%	-18,2 k €	+45.9%	-33,7 k €	-734%	-4 k €	-110%	38,6 k €	-35.5%	59,9 k €	+340%	13,6 k €	+118%	-76,9 k €	-193%	-26,2 k €	-576%	5,5 k €	+130%	-18,1 k €	-214%	15,9 k €	-21.7%	20,3 k €	-81.9%	112 k €	-34.5%	171,1 k €	+5.5%	162,2 k €	+18.4%	136,9 k €	+22.0%	112,2 k €
Net result	161,1 k €	+654%	-29,1 k €	-67.0%	-17,4 k €	+46.3%	-32,4 k €	-897%	-3,3 k €	-109%	38,3 k €	-40.4%	64,2 k €	+376%	13,5 k €	+117%	-77,3 k €	-186%	-27,1 k €	-148%	56,3 k €	+499%	-14,1 k €	-157%	25 k €	-17.2%	30,1 k €	-75.2%	121,8 k €	-28.8%	170,9 k €	-7.7%	185,2 k €	+35.6%	136,6 k €	+23.6%	110,5 k €
Balance sheet
Equity	2,2 M €	+105%	1,1 M €	-2.6%	1,1 M €	-1.5%	1,1 M €	-2.8%	1,2 M €	-0.3%	1,2 M €	+3.4%	1,1 M €	+6.0%	1,1 M €	+1.3%	1,1 M €	-6.8%	1,1 M €	-2.3%	1,2 M €	+5.1%	1,1 M €	-1.3%	1,1 M €	+2.3%	1,1 M €	+2.8%	1,1 M €	+12.9%	947,5 k €	+22.0%	776,6 k €	+31.3%	591,4 k €	+30.0%	454,8 k €
Total assets	2,7 M €	+91.8%	1,4 M €	-3.5%	1,4 M €	-3.6%	1,5 M €	-4.3%	1,6 M €	-1.3%	1,6 M €	-0.4%	1,6 M €	+4.3%	1,5 M €	-0.3%	1,5 M €	+12.3%	1,4 M €	+5.7%	1,3 M €	+4.3%	1,2 M €	-0.5%	1,2 M €	+2.4%	1,2 M €	+1.0%	1,2 M €	+14.3%	1 M €	+17.6%	887,2 k €	+34.2%	661,3 k €	+29.1%	512,4 k €
Cash	41,7 k €	-74.0%	160,4 k €	-51.0%	327,6 k €	-13.9%	380,3 k €	-4.2%	396,8 k €	+10.6%	358,7 k €	+11.8%	320,8 k €	+41.8%	226,3 k €	+3.0%	219,6 k €	-63.8%	606 k €	-20.5%	762,7 k €	+12.5%	678 k €	+13.3%	598,5 k €	+345%	134,5 k €	-81.7%	735,4 k €	+17.5%	625,8 k €	+23.7%	506 k €	+67.2%	302,6 k €	+99.9%	151,4 k €
Debts	408,2 k €	+42.3%	286,8 k €	-7.0%	308,3 k €	-10.4%	344,2 k €	-9.3%	379,3 k €	-4.4%	396,6 k €	-10.0%	440,9 k €	+0.3%	439,7 k €	-3.8%	457,1 k €	+114%	213,4 k €	+88.4%	113,3 k €	-3.1%	116,9 k €	+7.3%	108,9 k €	+4.7%	104 k €	-15.4%	122,9 k €	+28.5%	95,7 k €	-13.5%	110,6 k €	+58.1%	70 k €	+21.4%	57,6 k €
Other
Workforce	37,4 ETP	+78.9%	20,9 ETP	+10.0%	19,0 ETP	-8.2%	20,7 ETP	+4.5%	19,8 ETP	+5.3%	18,8 ETP	+0.5%	18,7 ETP	-0.5%	18,8 ETP	-2.6%	19,3 ETP	-4.0%	20,1 ETP	+2.6%	19,6 ETP	+3.2%	19,0 ETP	0.0%	19,0 ETP	-10.0%	21,1 ETP	+8.2%	19,5 ETP	+0.5%	19,4 ETP	+7.2%	18,1 ETP	-3.2%	18,7 ETP	+24.7%	15,0 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 · 12 active · 43 ended

Active mandates

Annick Gyselinck

Director

Active

Gerd Van Bueren

Director

Active

Greet Wouters

Director

Active

Jan Leeuws

Director

Active

Johan Engels

Chairman of the board of directors

Active

Julien Peeters

Director

Active

Karine Dewaele

Director

Active

Monica Lemmens

Director

Active

Monique Baeckelmans

Director

Active

Petrus Daelemans

Director

Active

René Corremans

Director

Active

Walter De Proost

Director

Active

Ended mandates

Karine Dewaele

Director · since 03 septembre 2020

Ended

Gerd Van Bueren

Director · since 29 mai 2017 · until 29 mai 2023

Ended

Jan Leeuws

Director · since 29 mai 2017 · until 29 mai 2023

Ended

Geeraard Stoop

Director · since 06 juin 2016 · until 06 juin 2022

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	26/06/2026	25/06/2025	01/05/2024	12/06/2023	15/06/2022	07/06/2021
General meeting	28/05/2026	02/06/2025	29/04/2024	30/05/2023	17/05/2022	19/05/2021
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	28/05/2026	26/06/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	25/06/2025	Dutch	PDF
Abridged model	31/12/2023	29/04/2024	01/05/2024	Dutch	PDF
Abridged model	31/12/2022	30/05/2023	12/06/2023	Dutch	PDF
Abridged model	31/12/2021	17/05/2022	15/06/2022	Dutch	PDF
Abridged model	31/12/2020	19/05/2021	07/06/2021	Dutch	PDF
Abridged model	31/12/2019	03/09/2020	07/09/2020	Dutch	PDF
Abridged model	31/12/2018	04/06/2019	07/06/2019	Dutch	PDF
Abridged model	31/12/2017	18/06/2018	20/06/2018	Dutch	PDF
Abridged model	31/12/2016	29/05/2017	30/05/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	29/05/2017	Dutch	PDF
Abridged model	31/12/2014	27/05/2015	29/05/2017	Dutch	PDF
Abridged model	31/12/2013	14/05/2014	20/05/2014	Dutch	PDF
Abridged model	31/12/2012	15/05/2013	08/05/2014	Dutch	PDF
Abridged model	31/12/2011	03/05/2012	09/05/2012	Dutch	PDF
Abridged model	31/12/2010	04/05/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	18/05/2010	11/06/2010	Dutch	PDF
Abridged model	31/12/2008	18/05/2009	05/08/2009	Dutch	PDF
Abridged model	31/12/2007	14/04/2008	24/07/2008	Dutch	PDF
Abridged model	31/12/2006	21/05/2007	18/06/2007	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 · 12 active · 43 ended

Active mandates

Annick Gyselinck

Director

Active

Gerd Van Bueren

Director

Active

Greet Wouters

Director

Active

Jan Leeuws

Director

Active

Johan Engels

Chairman of the board of directors

Active

Julien Peeters

Director

Active

Karine Dewaele

Director

Active

Monica Lemmens

Director

Active

Monique Baeckelmans

Director

Active

Petrus Daelemans

Director

Active

René Corremans

Director

Active

Walter De Proost

Director

Active

Ended mandates

Karine Dewaele

Director · since 03 septembre 2020

Ended

Gerd Van Bueren

Director · since 29 mai 2017 · until 29 mai 2023

Ended

Jan Leeuws

Director · since 29 mai 2017 · until 29 mai 2023

Ended

Geeraard Stoop

Director · since 06 juin 2016 · until 06 juin 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/09/2026
ontslag als lid en bestuurder van vzw Bellenblaaz
PDF
Restructuring31/01/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring21/11/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates21/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/08/2023
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/07/2021
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 2025161,1 k €↑
2024
Annual accounts 2024-29,1 k €↓
2024
Name changeBellenblaaz
2023
Annual accounts 2023-17,4 k €↑
2022
Annual accounts 2022-32,4 k €↓
2021
Annual accounts 2021-3,3 k €↓
2020
Annual accounts 202038,3 k €↓
2019
Annual accounts 201964,2 k €↑
2018
Annual accounts 201813,5 k €↑
2017
Annual accounts 2017-77,3 k €↓
2016
Annual accounts 2016-27,1 k €↓
2015
Annual accounts 201556,3 k €↑
2014
Annual accounts 2014-14,1 k €↓
2013
Annual accounts 201325 k €↓
2012
Annual accounts 201230,1 k €↓
2011
Annual accounts 2011121,8 k €↓
2010
Annual accounts 2010170,9 k €↓
2009
Annual accounts 2009185,2 k €↑
2008
Annual accounts 2008136,6 k €↑
2007
Annual accounts 2007110,5 k €
2007
Name changeJOJO
15/12/1984
IncorporationNon-profit organization

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

Bellenblaaz

Overview

What does Bellenblaaz do?

Trend over 19 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