ACTIVE

BELCAR

Financial year 2025 · Closed on 30/06/2025

Net result1,8 M €-32,9 %over 1 year
Revenue54,4 M €-21,1 %over 1 year
Equity10,8 M €+3,1 %over 1 year
Workforce85,8 ETP+24,2 %over 1 year

Identity

Source · BCE/KBO

BELCAR is a Public limited company incorporated in 1987. Its main activity is: Architectural and engineering activities and related technical consultancy. Its registered office is in Aartselaar. It employs on average 85,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0431.688.008
Incorporation
06/08/1987
Legal form
Public limited company
Registered office
Bist 12
2630 Aartselaar · FlandreSee on map
Contributed capital
890 250,00 €
Latest accounts
30/06/2025
Average workforce
85,8 ETP
Joint committees (3)
  • 112
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 19 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue54,4 M €68,9 M €53,4 M €38,1 M €99,2 M €
EBITDA3,9 M €4,7 M €4,9 M €1,9 M €2,8 M €
Operating result2,2 M €4,2 M €2,1 M €-468,8 k €1,8 M €
Net result1,8 M €2,7 M €1,1 M €-509 k €1,3 M €
Balance sheet
Equity10,8 M €10,5 M €8,8 M €7,7 M €8,2 M €
Total assets25,8 M €22 M €34,8 M €22,5 M €15,2 M €
Cash4,3 M €5,4 M €2,7 M €579,1 k €6,9 M €
Debts11 M €9,2 M €23,7 M €13,9 M €6,6 M €
Other
Workforce85,8 ETP69,1 ETP51,1 ETP50,1 ETP52,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

2 active · 3 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
KOEN VAN DEN BERGH0478.178.623Represented by Koen Van den Bergh
Managing director26/08/2022 → 02/12/2028Director29/03/2005 → 2021 accountsended
BEERENS GROEP0400.632.566Represented by Erwin Beerens
Managing director13/01/2009 → 05/12/2026Director13/01/2009 → 2009 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
JAKATE0735.911.284Represented by Jan De Vos
Managing director07/12/2019 → 2022 accounts
Dirk Nauwelaers
Managing director03/12/2016 → 2019 accounts

Other companies at this address

Bist 12 2630 Aartselaar
CompanyCBE no.
1015.240.602
Autorola● Active
0890.409.619
BELCAR RENT● Active
0899.091.317
0450.132.755
0812.091.126
0881.246.879

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/12/202516/12/202421/12/202322/12/202223/12/202106/01/2021
General meeting06/12/202507/12/202402/12/202303/12/202204/12/202105/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model30/06/202506/12/202517/12/2025DutchPDF
Full model30/06/202407/12/202416/12/2024DutchPDF
Full model30/06/202302/12/202321/12/2023DutchPDF
Full model30/06/202203/12/202222/12/2022DutchPDF
Full model30/06/202104/12/202123/12/2021DutchPDF
Full model30/06/202005/12/202006/01/2021DutchPDF
Full model30/06/201907/12/201923/12/2019DutchPDF
Full model30/06/201801/12/201824/12/2018DutchPDF
Full model30/06/201702/12/201720/12/2017DutchPDF
Full model30/06/201603/12/201622/12/2016DutchPDF
Full model30/06/201505/12/201518/12/2015DutchPDF
Full model30/06/201406/12/201418/12/2014DutchPDF
Full model30/06/201307/12/201323/12/2013DutchPDF
Full model30/06/201201/12/201220/12/2012DutchPDF
Full model30/06/201103/12/201105/12/2011DutchPDF
Full model30/06/201004/12/201008/12/2010DutchPDF
Full model30/06/200905/12/200929/12/2009DutchPDF
Full model30/06/200806/12/200830/12/2008DutchPDF
Full model30/06/200701/12/200703/12/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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.

Board of directors

Source · NBB, accounts to 30/06/2025

2 active · 3 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
KOEN VAN DEN BERGH0478.178.623Represented by Koen Van den Bergh
Managing director26/08/2022 → 02/12/2028Director29/03/2005 → 2021 accountsended
BEERENS GROEP0400.632.566Represented by Erwin Beerens
Managing director13/01/2009 → 05/12/2026Director13/01/2009 → 2009 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
JAKATE0735.911.284Represented by Jan De Vos
Managing director07/12/2019 → 2022 accounts
Dirk Nauwelaers
Managing director03/12/2016 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Capital / shares31/01/2025
    KAPITAAL - AANDELEN
    PDF
  • Mandates06/03/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other09/02/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates02/02/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/09/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/12/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/09/2020
    ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF
  • Mandates25/02/2020
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings18 filings
Mandates
KOEN VAN DEN BERGH
BEERENS GROEP
JAKATE
HET BESTE BROOD
Dirk Nauwelaers
198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028
BELCAR
Bist 12, 2630 Aartselaar
Managing directorDirector
Managing director
Managing director
DirectorManaging director
Managing director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Bist 12, 2630 AartselaarCurrent
accounts 2022 → 2025
Accounts 2025 · 2025-00584978

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
BELCARCurrent
accounts 2022 → 2025
Accounts 2025 · 2025-00584978

Events

  1. 2025
    Annual accounts 20251,8 M €↓
  2. 2024
    Annual accounts 20242,7 M €↑
  3. 2023
    Annual accounts 20231,1 M €↑
  4. 2022
    Annual accounts 2022-509 k €↓
  5. 2021
    Annual accounts 20211,3 M €↓
  6. 2020
    Annual accounts 20201,5 M €↓
  7. 2019
    Annual accounts 20192,7 M €↑
  8. 2018
    Annual accounts 20182,7 M €↑
  9. 2017
    Annual accounts 20172,4 M €↓
  10. 2016
    Annual accounts 20162,4 M €↑
  11. 2015
    Annual accounts 20151,9 M €↑
  12. 2014
    Annual accounts 20141,3 M €↑
  13. 2013
    Annual accounts 20131,3 M €↓
  14. 2012
    Annual accounts 20121,5 M €↑
  15. 2011
    Annual accounts 2011803,4 k €↑
  16. 2010
    Annual accounts 2010386,2 k €↓
  17. 2009
    Annual accounts 2009436,6 k €↑
  18. 2008
    Annual accounts 2008194,7 k €
  19. 06/08/1987
    IncorporationPublic limited company