ACTIVE

BELFI

Financial year 2025 · Closed on 31/12/2025

Net result164,5 k €+296,7 %over 1 year
Revenue656,4 k €+5,5 %over 1 year
Equity3,3 M €+21,1 %over 1 year
Workforce2,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

BELFI is a Public limited company incorporated in 1988. Its registered office is in Kuurne. It employs on average 2,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0434.043.128
Incorporation
19/04/1988
Legal form
Public limited company
Registered office
Noordlaan 19
8520 Kuurne · FlandreSee on map
Contributed capital
228 324,88 €
Latest accounts
31/12/2025
Average workforce
2,0 ETP
Joint committees (3)
  • 100
  • 101
  • 323
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue656,4 k €622,5 k €416,7 k €416,9 k €387,7 k €
EBITDA511,3 k €375,1 k €3,6 M €227,2 k €20,5 k €
Operating result433,8 k €36,4 k €3,6 M €115,3 k €-67 k €
Net result164,5 k €-83,6 k €2,5 M €55,2 k €-91,8 k €
Balance sheet
Equity3,3 M €2,7 M €2,8 M €261,7 k €206,5 k €
Total assets4,7 M €7,6 M €10 M €4,4 M €2,9 M €
Cash12,7 k €5,7 k €14 k €23,7 k €28,2 k €
Debts1,4 M €4,1 M €6,3 M €4,2 M €2,7 M €
Other
Workforce2,0 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 29 ended

Active mandates

Herteleer

Director · since 15 juillet 2025 · until 01 juin 2031 · 1000.907.366

Represented by Jens Herteleer

Active
HI1

Director · since 15 juillet 2025 · until 01 juin 2031 · 0781.301.742

Represented by Oscar Van hool

Active
SAS Invest

Director · since 15 juillet 2025 · until 01 juin 2031 · 0427.088.921

Represented by Jef Stalmans

Active

Ended mandates

VCP GP

Director · since 30 juin 2025 · until 01 juin 2030 · 1001.335.849

Represented by Stijn NAUTS

Ended
VYBOSS

Director · since 30 juin 2025 · until 01 juin 2030 · 0747.677.483

Represented by Kristof DOCKERS

Ended
Karl Bossuyt

Managing director · since 29 mai 2020 · until 01 juin 2025

Ended
Karl Bossuyt

Managing director · since 29 mai 2020 · until 30 juin 2025

Ended

Other companies at this address

Noordlaan 19 8520 Kuurne
CompanyCBE no.
0476.185.470
0405.390.714
VYBOSS● Active
0747.677.483

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/07/202603/07/202517/10/202430/08/202329/09/202229/09/2021
General meeting01/06/202630/06/202530/09/202404/07/202331/08/202231/08/2021
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, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202501/06/202617/07/2026DutchPDF
Full model31/12/202430/06/202503/07/2025DutchPDF
Full model31/12/202330/09/202417/10/2024DutchPDF
Full model31/12/202204/07/202330/08/2023DutchPDF
Full model31/12/202131/08/202229/09/2022DutchPDF
Full model31/12/202031/08/202129/09/2021DutchPDF
Full model31/12/201931/08/202029/10/2020DutchPDF
Full model31/12/201824/09/201927/09/2019DutchPDF
Abridged model31/12/201717/07/201830/08/2018DutchPDF
Abridged model31/12/201629/08/201731/08/2017DutchPDF
Full model31/12/201529/08/201631/08/2016DutchPDF
Full model31/12/201418/08/201531/08/2015DutchPDF
Abridged model31/12/201315/07/201425/07/2014DutchPDF
Abridged model31/12/201215/07/201325/07/2013DutchPDF
Abridged model31/12/201101/06/201218/07/2012DutchPDF
Abridged model31/12/201001/06/201119/07/2011DutchPDF
Abridged model31/12/200930/06/201020/07/2010DutchPDF
Abridged model31/12/200802/06/200923/06/2009DutchPDF
Abridged model31/12/200702/06/200817/07/2008DutchPDF
Abridged model31/12/200625/06/200720/07/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2025

3 active · 29 ended

Active mandates

Herteleer

Director · since 15 juillet 2025 · until 01 juin 2031 · 1000.907.366

Represented by Jens Herteleer

Active
HI1

Director · since 15 juillet 2025 · until 01 juin 2031 · 0781.301.742

Represented by Oscar Van hool

Active
SAS Invest

Director · since 15 juillet 2025 · until 01 juin 2031 · 0427.088.921

Represented by Jef Stalmans

Active

Ended mandates

VCP GP

Director · since 30 juin 2025 · until 01 juin 2030 · 1001.335.849

Represented by Stijn NAUTS

Ended
VYBOSS

Director · since 30 juin 2025 · until 01 juin 2030 · 0747.677.483

Represented by Kristof DOCKERS

Ended
Karl Bossuyt

Managing director · since 29 mai 2020 · until 01 juin 2025

Ended
Karl Bossuyt

Managing director · since 29 mai 2020 · until 30 juin 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other26/11/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN
    PDF
  • Mandates09/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/06/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/01/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/09/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares25/05/2011
    KAPITAAL - AANDELEN
    PDF
  • Mandates01/04/2011
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/07/2007
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025164,5 k €↑
  2. 2024
    Annual accounts 2024-83,6 k €↓
  3. 2023
    Annual accounts 20232,5 M €↑
  4. 2022
    Annual accounts 202255,2 k €↑
  5. 2021
    Annual accounts 2021-91,8 k €↓
  6. 2020
    Annual accounts 2020-2,8 k €↓
  7. 2019
    Annual accounts 2019617,9 k €↑
  8. 2018
    Annual accounts 201857,2 k €↑
  9. 2017
    Annual accounts 201738 k €↓
  10. 2016
    Annual accounts 201643,8 k €↓
  11. 2015
    Annual accounts 201566,3 k €↓
  12. 2014
    Annual accounts 201471,2 k €↑
  13. 2013
    Annual accounts 201367 k €↑
  14. 2012
    Annual accounts 201259,1 k €↓
  15. 2011
    Annual accounts 201159,6 k €↑
  16. 2010
    Annual accounts 201045,1 k €↓
  17. 2009
    Annual accounts 200974,1 k €↑
  18. 2008
    Annual accounts 200845,4 k €↓
  19. 2007
    Annual accounts 200758,1 k €↓
  20. 2006
    Annual accounts 200673,2 k €
  21. 19/04/1988
    IncorporationPublic limited company