ACTIVE

BELCHAM

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

13,5 k €

-87.0% YoY

Gross margin

68,1 k €

-64.7% YoY

Equity

1,4 M €

+0.9% YoY

Workforce

0,0 ETP

What does BELCHAM do?

BELCHAM is a Private limited company incorporated in 1987. Its main activity is: Manufacture of other wearing apparel and accessories. Its registered office is in Kruisem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.749.482

Incorporation

19/03/1987

Legal form

Private limited company

Registered office

Wildendriesstraat (Nok) 7
9771 Kruisem · FlandreSee on map

Contributed capital

1 299 199,05 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

14199Manufacture of other wearing apparel and accessories· main 14299Manufacture of articles of fur 51478Air transport 15110Tanning and dressing of leather; dressing and dyeing of fur 15110Tanning and dressing of leather; dressing and dyeing of fur 19100Manufacture of coke oven products+11

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	68,1 k €	-64.7%	193,2 k €	+186%	67,6 k €	-25.6%	90,9 k €	+11.3%	81,7 k €	+6.2%	76,9 k €	-12.5%	87,9 k €	+15.8%	75,9 k €	-14.7%	89,1 k €	+29.3%	68,9 k €	-21.6%	87,8 k €	+60.8%	54,6 k €	-20.2%	68,5 k €	+11.2%	61,6 k €	-51.4%	126,7 k €	-29.6%	179,9 k €	+185%	63,1 k €	-34.5%	96,4 k €
EBITDA	66,7 k €	-64.0%	185 k €	+309%	45,3 k €	-4.6%	47,4 k €	+11.9%	42,4 k €	+49.9%	28,3 k €	-36.6%	44,6 k €	-26.2%	60,4 k €	+23.0%	49,1 k €	+75.8%	28 k €	-44.6%	50,4 k €	+148%	20,3 k €	-38.5%	33 k €	+110%	15,7 k €	-79.8%	78,1 k €	-52.2%	163,4 k €	+173%	59,9 k €	+142%	24,8 k €
Operating result	35,6 k €	-78.6%	166,6 k €	+2123%	7,5 k €	-61.5%	19,5 k €	-29.2%	27,5 k €	+177%	9,9 k €	-55.1%	22,1 k €	-23.0%	28,7 k €	+36.1%	21,1 k €	+4902%	422 €	-97.8%	19,5 k €	+223%	-15,8 k €	-747%	-1,9 k €	+90.0%	-18,5 k €	-249%	12,4 k €	-86.1%	89,1 k €	+524%	-21 k €	+21.7%	-26,9 k €
Net result	13,5 k €	-87.0%	103,8 k €	+1191%	-9,5 k €	-792%	1,4 k €	-79.8%	6,8 k €	+198%	-7 k €	-262%	4,3 k €	+2.9%	4,2 k €	+975%	390 €	-67.3%	1,2 k €	+273%	-689 €	+97.7%	-30 k €	-74.1%	-17,2 k €	-118%	95,8 k €	+451%	-27,3 k €	-146%	59,1 k €	+322%	-26,6 k €	-26.0%	-21,1 k €
Balance sheet
Equity	1,4 M €	+0.9%	1,4 M €	+7.8%	1,3 M €	-0.7%	1,3 M €	+0.1%	1,3 M €	+0.0%	1,3 M €	+421%	255,7 k €	+1.7%	251,4 k €	+1.7%	247,2 k €	+0.2%	246,8 k €	+0.5%	245,6 k €	-0.3%	246,3 k €	-10.9%	276,3 k €	-5.9%	293,5 k €	-38.6%	477,7 k €	-5.4%	505 k €	+13.2%	445,9 k €	-5.6%	472,5 k €
Total assets	1,9 M €	-1.3%	1,9 M €	+6.8%	1,8 M €	-5.5%	1,9 M €	+1.6%	1,8 M €	+3.2%	1,8 M €	+155%	697 k €	-0.8%	703 k €	-8.2%	765,8 k €	-7.5%	828,2 k €	-5.0%	871,4 k €	-4.1%	908,6 k €	-7.4%	981,6 k €	-5.8%	1 M €	-12.6%	1,2 M €	-4.8%	1,3 M €	+7.7%	1,2 M €	+18.6%	980,2 k €
Cash	5,9 k €	+56.3%	3,8 k €	-27.4%	5,2 k €	-50.1%	10,5 k €	-38.7%	17,1 k €	+146%	7 k €	-44.3%	12,5 k €		–		–		–		2,3 k €	+727%	280,3 €	-96.8%	8,6 k €	+51.8%	5,7 k €	+46.3%	3,9 k €	-77.3%	17,2 k €	+2289%	718,6 €	-20.0%	898,8 €
Debts	400,1 k €	-8.0%	434,9 k €	+4.2%	417,5 k €	-18.1%	509,6 k €	+5.8%	481,5 k €	+12.9%	426,6 k €	-0.0%	426,8 k €	-2.8%	439,2 k €	-12.5%	501,8 k €	-10.7%	562,2 k €	-7.8%	610 k €	-6.4%	651,5 k €	-6.2%	694,6 k €	-5.7%	736,4 k €	+8.2%	680,5 k €	-5.4%	719,2 k €	+0.7%	714,4 k €	+41.6%	504,7 k €
Other
Workforce	0,0 ETP		0,0 ETP	-100%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP		–		–		–		0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	-40.0%	1,0 ETP	+233%	0,3 ETP		–		0,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

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

Active mandates

Guy Colle

Director · since 27 juillet 2021

Active

Nathalie Casier

Director · since 27 juillet 2021

Active

Ended mandates

Guy Colle

Manager · since 29 juin 2009

Ended

Nathalie Casier

Manager · since 29 juin 2009

Ended

Edwige Van Hoonacker

Director · since 19 avril 2001 · until 18 avril 2007

Ended

Guy Colle

Managing director · since 19 avril 2001 · until 18 avril 2007

Ended

At this address

Other companies at this address

Company	CBE no.
Castanea Sativa● Active	0724.651.267

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	23/06/2026	24/07/2025	18/07/2024	01/06/2023	28/06/2022	01/06/2021
General meeting	19/06/2026	30/06/2025	01/07/2024	26/04/2023	27/04/2022	28/04/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	23/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	24/07/2025	Dutch	PDF
Abridged model	31/12/2023	01/07/2024	18/07/2024	Dutch	PDF
Abridged model	31/12/2022	26/04/2023	01/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/04/2022	28/06/2022	Dutch	PDF
Abridged model	31/12/2020	28/04/2021	01/06/2021	Dutch	PDF
Micro model	31/12/2019	22/04/2020	26/05/2020	Dutch	PDF
Micro model	31/12/2018	24/04/2019	28/08/2019	Dutch	PDF
Micro model	31/12/2017	25/04/2018	17/07/2018	Dutch	PDF
Micro model	31/12/2016	26/04/2017	15/06/2017	Dutch	PDF
Abridged model	31/12/2015	18/05/2016	28/07/2016	Dutch	PDF
Abridged model	31/12/2014	13/05/2015	29/05/2015	Dutch	PDF
Abridged model	31/12/2013	14/05/2014	26/06/2014	Dutch	PDF
Abridged model	31/12/2012	15/05/2013	13/06/2013	Dutch	PDF
Abridged model	31/12/2011	16/05/2012	05/06/2012	Dutch	PDF
Abridged model	31/12/2010	18/05/2011	09/06/2011	Dutch	PDF
Abridged model	31/12/2009	28/04/2010	25/05/2010	Dutch	PDF
Abridged model	31/12/2008	22/04/2009	20/05/2009	Dutch	PDF
Abridged model	31/12/2007	04/06/2008	27/06/2008	Dutch	PDF
Abridged model	31/12/2006	31/07/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 2 active · 12 ended

Active mandates

Guy Colle

Director · since 27 juillet 2021

Active

Nathalie Casier

Director · since 27 juillet 2021

Active

Ended mandates

Guy Colle

Manager · since 29 juin 2009

Ended

Nathalie Casier

Manager · since 29 juin 2009

Ended

Edwige Van Hoonacker

Director · since 19 avril 2001 · until 18 avril 2007

Ended

Guy Colle

Managing director · since 19 avril 2001 · until 18 avril 2007

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/07/2021
WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/05/2018
KAPITAAL - AANDELEN
PDF
Capital / shares10/06/2010
KAPITAAL - AANDELEN
PDF
Mandates24/07/2009
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates08/08/2007
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 202513,5 k €↓
2024
Annual accounts 2024103,8 k €↑
2023
Annual accounts 2023-9,5 k €↓
2022
Annual accounts 20221,4 k €↓
2021
Annual accounts 20216,8 k €↑
2018
Annual accounts 2018-7 k €↓
2017
Annual accounts 20174,3 k €↑
2016
Annual accounts 20164,2 k €↑
2015
Annual accounts 2015390 €↓
2014
Annual accounts 20141,2 k €↑
2013
Annual accounts 2013-689 €↑
2012
Annual accounts 2012-30 k €↓
2011
Annual accounts 2011-17,2 k €↓
2010
Annual accounts 201095,8 k €↑
2009
Annual accounts 2009-27,3 k €↓
2008
Annual accounts 200859,1 k €↑
2007
Annual accounts 2007-26,6 k €↓
2006
Annual accounts 2006-21,1 k €
19/03/1987
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

BELCHAM

Overview

What does BELCHAM do?

Trend over 18 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