ACTIVE

VAN BELLINGHEN

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Financial year 2025 · closed on 31/12/2025

Net result

96,3 k €

-44.9% YoY

Gross margin

153 k €

-43.1% YoY

Equity

837 k €

+13.0% YoY

What does VAN BELLINGHEN do?

VAN BELLINGHEN is a Private limited company incorporated in 1988. Its main activity is: Data processing, hosting and related activities; web portals. Its registered office is in Grez-Doiceau.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0435.394.594

Incorporation

01/09/1988

Legal form

Private limited company

Registered office

R. Ferme du Grand Sart 7
1390 Grez-Doiceau · WallonieSee on map

Contributed capital

37 848,33 €

Latest accounts

31/12/2025

Activities (NACE)

63100Data processing, hosting and related activities; web portals· main 63110Data processing, hosting and related activities 72300Scientific research and development

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	153 k €	-43.1%	268,7 k €	+6.0%	253,6 k €	+11.7%	227 k €	+5.2%	215,8 k €	+40.9%	153,2 k €	+207%	49,9 k €	+1196%	3,8 k €	-74.9%	15,3 k €	+188%	-17,4 k €	+46.4%	-32,5 k €	-291%	17,1 k €	+256%	-10,9 k €	-150%	21,9 k €	+8.2%	20,3 k €	-49.3%	40 k €	-37.6%	64,1 k €	+640%	-11,9 k €	-224%	9,6 k €	-47.0%	18,1 k €
EBITDA	152,1 k €	-43.2%	267,9 k €	+6.1%	252,6 k €	+11.8%	226 k €	+5.1%	215 k €	+41.1%	152,4 k €	+210%	49,1 k €	+1496%	3,1 k €	-78.9%	14,6 k €	+180%	-18,2 k €	+44.7%	-32,9 k €	-302%	16,3 k €	+241%	-11,5 k €	-156%	20,8 k €	+9.5%	19 k €	-51.1%	38,7 k €	-35.5%	60,1 k €	+500%	-15 k €	-635%	2,8 k €	+112%	-23,2 k €
Operating result	131,6 k €	-46.8%	247,4 k €	+1.0%	245,1 k €	+9.6%	223,7 k €	+8.0%	207,2 k €	+42.6%	145,3 k €	+246%	42 k €	+1465%	-3,1 k €	-122%	14,2 k €	+158%	-24,4 k €	+37.6%	-39,2 k €	-564%	8,4 k €	+144%	-19,1 k €	-286%	10,3 k €	+82.5%	5,6 k €	-77.4%	24,9 k €	-53.1%	53,1 k €	+322%	-24 k €	-335%	-5,5 k €	+79.4%	-26,7 k €
Net result	96,3 k €	-44.9%	174,8 k €	+5.2%	166,2 k €	+10.6%	150,2 k €	+8.1%	139 k €	+43.3%	97 k €	+147%	39,2 k €	+2715%	1,4 k €	-91.3%	16 k €	+164%	-25,2 k €	+39.1%	-41,3 k €	-2607%	1,6 k €	+105%	-31,8 k €	-661%	5,7 k €	+28.6%	4,4 k €	-65.2%	12,6 k €	-77.3%	55,7 k €	+389%	-19,3 k €	-442%	5,6 k €	+119%	-29,8 k €
Balance sheet
Equity	837 k €	+13.0%	740,7 k €	+30.9%	565,9 k €	+41.6%	399,8 k €	+60.2%	249,5 k €	+126%	110,6 k €	+716%	13,5 k €	+153%	-25,7 k €	+5.1%	-27,1 k €	+37.2%	-43,1 k €	-141%	-17,9 k €	-176%	23,5 k €	+7.6%	21,8 k €	-59.3%	53,6 k €	+72.4%	31,1 k €	+6.8%	29,1 k €	+36.8%	21,3 k €	+162%	-34,5 k €	-127%	-15,2 k €	+27.1%	-20,8 k €
Total assets	887,3 k €	+10.6%	802,4 k €	+31.5%	610,4 k €	+31.8%	463,2 k €	+58.9%	291,5 k €	+58.2%	184,3 k €	+191%	63,3 k €	+131%	27,4 k €	-4.2%	28,6 k €	+168%	10,6 k €	-63.3%	29 k €	-78.4%	134,2 k €	+22.0%	110 k €	+0.2%	109,8 k €	-4.6%	115,1 k €	-32.3%	169,9 k €	+39.0%	122,3 k €	+121%	55,4 k €	+30.5%	42,4 k €	-32.3%	62,7 k €
Cash	574,1 k €	+25.5%	457,5 k €	+0.5%	455 k €	+8.3%	420,2 k €	+62.3%	258,9 k €	+73.0%	149,7 k €	+393%	30,4 k €	+1592%	1,8 k €	-90.7%	19,3 k €	+2521%	735,8 €	-96.4%	20,4 k €	-80.6%	105,6 k €	+151%	42,1 k €	-36.9%	66,6 k €	+8.5%	61,4 k €	+276%	16,3 k €	-76.5%	69,6 k €	+263%	19,1 k €	+39.4%	13,7 k €	-0.1%	13,8 k €
Debts	49,5 k €	-17.9%	60,3 k €	+37.8%	43,8 k €	-30.7%	63,2 k €	+51.4%	41,7 k €	-43.2%	73,4 k €	+48.2%	49,5 k €	-6.1%	52,8 k €	-4.6%	55,3 k €	+3.6%	53,4 k €	+14.7%	46,6 k €	-54.6%	102,6 k €	+26.4%	81,2 k €	+52.5%	53,2 k €	-35.4%	82,4 k €	-40.8%	139,2 k €	+46.5%	95 k €	+13.3%	83,8 k €	+62.3%	51,7 k €	-33.4%	77,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 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 · 1 active · 4 ended

Active mandates

Hugues VANBELLINGHEN

Director

Active

Ended mandates

Hugues VAN BELLINGHEN

Director · since 14 octobre 1988

Ended

Hughes VAN BELLINGHEN

Director

Ended

Hugues VAN BELLINGHEN

Director

Ended

Hugues VAN BELLINGHEN

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
1506● Active	0763.727.916

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	24/06/2026	16/06/2025	11/07/2024	14/06/2023	16/06/2022	14/06/2021
General meeting	14/06/2026	14/06/2025	14/06/2024	14/06/2023	18/05/2022	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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	14/06/2026	24/06/2026	French	PDF
Abridged model	31/12/2024	14/06/2025	16/06/2025	French	PDF
Abridged model	31/12/2023	14/06/2024	11/07/2024	French	PDF
Abridged model	31/12/2022	14/06/2023	14/06/2023	French	PDF
Abridged model	31/12/2021	18/05/2022	16/06/2022	French	PDF
Abridged model	31/12/2020	19/05/2021	14/06/2021	French	PDF
Abridged modelCorrection	31/12/2019	15/06/2020	16/11/2020	French	PDF
Abridged model	31/12/2019	15/06/2020	14/07/2020	French	PDF
Abridged model	31/12/2018	15/06/2019	24/07/2019	French	PDF
Abridged model	31/12/2017	16/05/2018	31/07/2018	French	PDF
Abridged model	31/12/2016	17/05/2017	03/08/2017	French	PDF
Abridged model	31/12/2015	18/05/2016	01/08/2016	French	PDF
Abridged model	31/12/2014	04/06/2015	31/07/2015	French	PDF
Abridged model	31/12/2013	14/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	14/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	14/06/2012	22/08/2012	French	PDF
Abridged model	31/12/2010	14/06/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	14/06/2010	25/08/2010	French	PDF
Abridged model	31/12/2008	14/06/2009	21/08/2009	French	PDF
Abridged model	31/12/2007	14/06/2008	27/08/2008	French	PDF
Abridged model	31/12/2006	14/06/2007	31/08/2007	French	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 · 1 active · 4 ended

Active mandates

Hugues VANBELLINGHEN

Director

Active

Ended mandates

Hugues VAN BELLINGHEN

Director · since 14 octobre 1988

Ended

Hughes VAN BELLINGHEN

Director

Ended

Hugues VAN BELLINGHEN

Director

Ended

Hugues VAN BELLINGHEN

Managing director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/12/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Registered office23/05/2022
SIEGE SOCIAL
PDF
Registered office19/04/2022
SIEGE SOCIAL
PDF
Registered office30/12/2014
MAATSCHAPPELIJKE ZETEL
PDF
Mandates20/12/2012
SIEGE SOCIAL - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
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 202596,3 k €↓
2024
Annual accounts 2024174,8 k €↑
2023
Annual accounts 2023166,2 k €↑
2022
Annual accounts 2022150,2 k €↑
2021
Annual accounts 2021139 k €↑
2020
Annual accounts 202097 k €↑
2019
Annual accounts 201939,2 k €↑
2018
Annual accounts 20181,4 k €↓
2017
Annual accounts 201716 k €↑
2016
Annual accounts 2016-25,2 k €↑
2015
Annual accounts 2015-41,3 k €↓
2014
Annual accounts 20141,6 k €↑
2013
Annual accounts 2013-31,8 k €↓
2012
Annual accounts 20125,7 k €↑
2011
Annual accounts 20114,4 k €↓
2010
Annual accounts 201012,6 k €↓
2009
Annual accounts 200955,7 k €↑
2008
Annual accounts 2008-19,3 k €↓
2007
Annual accounts 20075,6 k €↑
2006
Annual accounts 2006-29,8 k €
01/09/1988
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

VAN BELLINGHEN

Overview

What does VAN BELLINGHEN do?

Trend over 20 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