ACTIVE

BELCOIN

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Financial year 2025 · closed on 30/09/2025

Net result

62 k €

-25.9% YoY

Gross margin

78,9 k €

-17.3% YoY

Equity

374,3 k €

+19.9% YoY

What does BELCOIN do?

BELCOIN is a Private limited company incorporated in 1988. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Geraardsbergen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.310.174

Incorporation

28/05/1988

Legal form

Private limited company

Registered office

Reepstraat(Ned) 15 box D
9500 Geraardsbergen · FlandreSee on map

Contributed capital

75 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

46649Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46699Wholesale of other machinery and equipment 51873Air transport 46180Agents specialised in the sale of other particular products 46180Agents specialised in the sale of other particular products 47781Other retail sale of new goods in specialised stores+3

Joint committees (2)

14904
218

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	78,9 k €	-17.3%	95,4 k €	+187%	33,2 k €	+34.4%	24,7 k €	+144%	10,1 k €	-63.8%	27,9 k €	+6.0%	26,3 k €	+504%	4,4 k €	-89.9%	43 k €	+760%	5 k €	-25.3%	6,7 k €	-81.9%	37 k €	+3736%	-1 k €	-103%	31 k €	-4.9%	32,6 k €	+1.8%	32 k €	-50.2%	64,3 k €
EBITDA	76,4 k €	-18.6%	93,9 k €	+193%	32,1 k €	+36.0%	23,6 k €	+167%	8,8 k €	-67.7%	27,4 k €	+9.8%	25 k €	+739%	3 k €	-92.6%	40,4 k €	+2377%	-1,8 k €	+68.0%	-5,5 k €	-164%	8,6 k €	+135%	-24,4 k €	-505%	6 k €	+128%	-21,6 k €	-1081%	2,2 k €	-90.0%	22,1 k €
Operating result	62,6 k €	-26.3%	84,9 k €	+212%	27,2 k €	+61.8%	16,8 k €	+225%	5,2 k €	-81.1%	27,4 k €	+9.8%	25 k €	+739%	3 k €	-92.6%	40,4 k €	+2377%	-1,8 k €	+90.8%	-19,3 k €	-253%	-5,5 k €	+86.2%	-39,5 k €	-313%	-9,6 k €	+62.4%	-25,4 k €	-795%	-2,8 k €	-118%	15,9 k €
Net result	62 k €	-25.9%	83,7 k €	+220%	26,1 k €	+108%	12,6 k €	+2188%	548,9 €	-98.0%	27,3 k €	+16.5%	23,5 k €	+612%	3,3 k €	-92.7%	45,2 k €	+2042%	-2,3 k €	+88.4%	-20,1 k €	-44.6%	-13,9 k €	+66.1%	-41,1 k €	-523%	-6,6 k €	+73.3%	-24,7 k €	-709%	-3 k €	-119%	16 k €
Balance sheet
Equity	374,3 k €	+19.9%	312,3 k €	+36.6%	228,6 k €	+12.9%	202,5 k €	+5.5%	191,9 k €	+0.3%	191,3 k €	+16.7%	164 k €	+16.7%	140,5 k €	+2.4%	137,2 k €	+49.0%	92,1 k €	-2.5%	94,4 k €	-17.6%	114,5 k €	-10.8%	128,5 k €	-24.2%	169,6 k €	-3.7%	176,1 k €	-12.3%	200,8 k €	-1.5%	203,9 k €
Total assets	472,7 k €	+33.8%	353,2 k €	+40.1%	252,2 k €	-17.2%	304,8 k €	-20.3%	382,7 k €	-12.9%	439,1 k €	+1.1%	434,5 k €	+4.1%	417,5 k €	-18.1%	509,7 k €	+3.8%	490,9 k €	-10.7%	549,8 k €	-0.7%	553,8 k €	-0.6%	557,4 k €	-15.1%	656,6 k €	+53.7%	427,1 k €	-12.5%	488,1 k €	+4.1%	469 k €
Cash	210 k €	+73.4%	121,1 k €	+62.7%	74,5 k €	+50.3%	49,6 k €	+82.9%	27,1 k €	-46.7%	50,8 k €	-11.1%	57,1 k €	+61.2%	35,4 k €	-44.0%	63,2 k €	+60.6%	39,4 k €	-28.2%	54,8 k €	+32.8%	41,3 k €	+279%	10,9 k €	-83.9%	67,8 k €	+380%	14,1 k €	-70.8%	48,3 k €	+2.4%	47,2 k €
Debts	98,4 k €	+140%	40,9 k €	+76.5%	23,2 k €	-76.7%	99,8 k €	-46.4%	186,3 k €	-24.8%	247,8 k €	-8.4%	270,5 k €	-2.3%	276,9 k €	-25.2%	370,3 k €	-6.9%	397,7 k €	-12.1%	452,4 k €	+4.6%	432,4 k €	+1.8%	424,9 k €	-12.4%	485,1 k €	+94.1%	249,9 k €	-12.8%	286,8 k €	+8.3%	264,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,3 ETP	-57.1%	0,7 ETP	+75.0%	0,4 ETP	0.0%	0,4 ETP	-66.7%	1,2 ETP	+9.1%	1,1 ETP	+10.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 4 ended

Active mandates

BERNARD CARION

Director

Active

Ended mandates

Bernard CARION

Director · since 26 mars 2014

Ended

Bernard Carion

Manager

Ended

Bernard CARION

Administrator - manager

Ended

Miriam Hove

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Belcoin Group● Active	0728.750.607
CARION● Active	0700.208.554

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/03/2026	25/03/2025	03/01/2024	15/12/2022	22/03/2022	26/02/2021
General meeting	10/03/2026	14/03/2025	14/12/2023	09/12/2022	29/11/2021	07/02/2021
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	30/09/2025	10/03/2026	26/03/2026	Dutch	PDF
Abridged model	30/09/2024	14/03/2025	25/03/2025	Dutch	PDF
Abridged model	30/09/2023	14/12/2023	03/01/2024	Dutch	PDF
Abridged model	30/09/2022	09/12/2022	15/12/2022	Dutch	PDF
Abridged model	30/09/2021	29/11/2021	22/03/2022	Dutch	PDF
Abridged model	30/09/2020	07/02/2021	26/02/2021	Dutch	PDF
Abridged model	30/09/2019	30/03/2020	30/03/2020	Dutch	PDF
Abridged model	30/09/2018	14/12/2018	05/02/2019	Dutch	PDF
Micro model	30/09/2017	15/12/2017	17/12/2017	Dutch	PDF
Abridged model	30/09/2016	01/02/2017	31/03/2017	Dutch	PDF
Abridged model	30/09/2015	03/02/2016	20/04/2016	Dutch	PDF
Abridged model	30/09/2014	03/02/2015	22/04/2015	Dutch	PDF
Abridged model	30/09/2013	02/01/2014	26/05/2014	Dutch	PDF
Abridged model	30/09/2012	02/01/2013	28/05/2013	Dutch	PDF
Abridged model	30/09/2011	02/01/2012	28/06/2012	Dutch	PDF
Abridged model	30/09/2010	03/01/2011	31/05/2011	Dutch	PDF
Abridged model	30/09/2009	02/01/2010	31/05/2010	Dutch	PDF
Abridged model	30/09/2008	02/01/2009	29/05/2009	Dutch	PDF
Abridged model	30/09/2007	02/01/2008	29/05/2008	Dutch	PDF
Abridged model	30/09/2006	31/03/2007	26/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 1 active · 4 ended

Active mandates

BERNARD CARION

Director

Active

Ended mandates

Bernard CARION

Director · since 26 mars 2014

Ended

Bernard Carion

Manager

Ended

Bernard CARION

Administrator - manager

Ended

Miriam Hove

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/08/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/04/2014
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/03/2004
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202562 k €↓
2024
Annual accounts 202483,7 k €↑
2023
Annual accounts 202326,1 k €↑
2022
Annual accounts 202212,6 k €↑
2018
Annual accounts 2018548,9 €↓
2017
Annual accounts 201727,3 k €↑
2016
Annual accounts 201623,5 k €↑
2015
Annual accounts 20153,3 k €↓
2014
Annual accounts 201445,2 k €↑
2013
Annual accounts 2013-2,3 k €↑
2012
Annual accounts 2012-20,1 k €↓
2011
Annual accounts 2011-13,9 k €↑
2010
Annual accounts 2010-41,1 k €↓
2009
Annual accounts 2009-6,6 k €↑
2008
Annual accounts 2008-24,7 k €↓
2007
Annual accounts 2007-3 k €↓
2006
Annual accounts 200616 k €
28/05/1988
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

BELCOIN

Overview

What does BELCOIN do?

Trend over 17 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