BELMAS
0436.071.022 · rovalta.com · 23/09/2026
ACTIVE
BELMAS
Financial year 2025 · closed on 31/12/2025
Net result
-16,8 k €
+22.7% YoY
Gross margin
34,5 k €
+65.6% YoY
Equity
12,6 k €
-57.2% YoY
Overview
What does BELMAS do?
BELMAS is a Private company with limited liability incorporated in 1988. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Destelbergen.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0436.071.022
Incorporation
02/12/1988
Legal form
Private company with limited liability
Registered office
Eyloschlaan 5
9070 Destelbergen · FlandreSee on map
9070 Destelbergen · FlandreSee on map
Contributed capital
110 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
Signals
Positive cashflowPositive EBITDA
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | 34,5 k € | +65.6% | 20,8 k € | +1294% | -1,7 k € | +66.0% | -5,1 k € | -176% | 6,8 k € | +163% | -10,6 k € | -282% | 5,8 k € | -36.3% | 9,2 k € | +44.1% | 6,4 k € | -20.6% | 8 k € | -2.0% | 8,2 k € | -32.0% | 12 k € | -19.2% | 14,9 k € | -23.7% | 19,5 k € | +708% | -3,2 k € | -130% | 10,9 k € | -15.5% | 12,9 k € | +3.2% | 12,5 k € | -27.5% | 17,2 k € |
| EBITDA | 33,8 k € | +90.2% | 17,7 k € | +837% | -2,4 k € | +70.6% | -8,2 k € | -300% | 4,1 k € | +120% | -20,7 k € | -781% | 3 k € | -52.6% | 6,4 k € | +76.2% | 3,6 k € | -29.9% | 5,2 k € | -0.6% | 5,2 k € | -44.3% | 9,4 k € | -22.7% | 12,1 k € | -23.9% | 15,9 k € | +338% | -6,7 k € | -190% | 7,4 k € | -22.2% | 9,6 k € | +5.8% | 9 k € | -38.1% | 14,6 k € |
| Operating result | 837 € | +110% | -8,4 k € | +57.6% | -19,8 k € | -82.9% | -10,8 k € | -364% | 4,1 k € | +120% | -20,7 k € | -781% | 3 k € | -52.6% | 6,4 k € | +104% | 3,1 k € | -33.1% | 4,7 k € | -0.6% | 4,7 k € | -46.8% | 8,9 k € | -23.6% | 11,6 k € | -24.6% | 15,4 k € | +314% | -7,2 k € | -204% | 6,9 k € | +361% | 1,5 k € | +109% | -16,3 k € | -51.7% | -10,8 k € |
| Net result | -16,8 k € | +22.7% | -21,7 k € | +32.6% | -32,2 k € | -158% | -12,5 k € | -413% | 4 k € | +119% | -20,9 k € | -663% | 3,7 k € | -38.6% | 6 k € | +76.9% | 3,4 k € | -46.5% | 6,4 k € | +8.7% | 5,9 k € | -42.0% | 10,1 k € | -19.7% | 12,6 k € | -55.4% | 28,3 k € | +323% | -12,7 k € | -286% | 6,8 k € | +75.4% | 3,9 k € | +124% | -16,4 k € | -40.0% | -11,7 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 12,6 k € | -57.2% | 29,4 k € | -42.5% | 51,1 k € | -38.7% | 83,4 k € | -13.1% | 95,9 k € | +4.3% | 91,9 k € | -18.5% | 112,8 k € | +3.4% | 109,1 k € | +5.9% | 103 k € | +3.4% | 99,6 k € | +6.9% | 93,2 k € | +6.7% | 87,3 k € | +13.1% | 77,2 k € | +19.5% | 64,6 k € | +78.0% | 36,3 k € | -36.6% | 57,2 k € | +13.5% | 50,4 k € | +8.4% | 46,5 k € | -26.1% | 62,9 k € |
| Total assets | 1,1 M € | -2.3% | 1,1 M € | +41.1% | 789,9 k € | +54.2% | 512,2 k € | +434% | 95,9 k € | +0.2% | 95,7 k € | -18.4% | 117,3 k € | +3.1% | 113,8 k € | +5.8% | 107,6 k € | +5.4% | 102,1 k € | +9.4% | 93,3 k € | +6.9% | 87,3 k € | +13.1% | 77,2 k € | +19.3% | 64,7 k € | -4.5% | 67,7 k € | +0.8% | 67,2 k € | +0.6% | 66,7 k € | -2.3% | 68,3 k € | -25.6% | 91,8 k € |
| Cash | 2,1 k € | -21.8% | 2,7 k € | -39.1% | 4,4 k € | -72.9% | 16,1 k € | +6897% | 230,6 € | +6.6% | 216,3 € | -98.5% | 14,4 k € | +0.4% | 14,3 k € | +20.9% | 11,9 k € | +36.2% | 8,7 k € | +20.7% | 7,2 k € | +34.9% | 5,4 k € | +301% | 1,3 k € | +10.0% | 1,2 k € | -83.7% | 7,4 k € | +23.6% | 6 k € | +131% | 2,6 k € | +148% | 1 k € | -38.5% | 1,7 k € |
| Debts | 1,1 M € | -0.8% | 1,1 M € | +46.9% | 738,8 k € | +72.5% | 428,3 k € | – | 3,8 k € | -15.4% | 4,5 k € | -4.2% | 4,7 k € | +3.4% | 4,6 k € | +86.5% | 2,5 k € | +2096% | 112 € | – | – | 113,9 € | -99.6% | 31,4 k € | +217% | 9,9 k € | -39.2% | 16,3 k € | -25.0% | 21,8 k € | -24.5% | 28,9 k € | |||||
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 11 ended
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
CA-Beheer● Active | 0685.685.278 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro 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 | 10/03/2026 | 27/08/2025 | 26/07/2024 | 27/07/2023 | 27/06/2022 | 30/09/2021 |
| General meeting | 09/03/2026 | 05/07/2025 | 30/06/2024 | 30/06/2023 | 23/06/2022 | 30/06/2021 |
| 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 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 09/03/2026 | 10/03/2026 | Dutch | |
| Micro model | 31/12/2024 | 05/07/2025 | 27/08/2025 | Dutch | |
| Micro model | 31/12/2023 | 30/06/2024 | 26/07/2024 | Dutch | |
| Micro model | 31/12/2022 | 30/06/2023 | 27/07/2023 | Dutch | |
| Micro model | 31/12/2021 | 23/06/2022 | 27/06/2022 | Dutch | |
| Micro model | 31/12/2020 | 30/06/2021 | 30/09/2021 | Dutch | |
| Abridged model | 31/12/2019 | 29/06/2020 | 08/10/2020 | Dutch | |
| Abridged model | 31/12/2018 | 08/08/2019 | 26/08/2019 | Dutch | |
| Abridged model | 31/12/2017 | 29/06/2018 | 04/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 30/06/2017 | 06/09/2017 | Dutch | |
| Abridged model | 31/12/2015 | 30/06/2016 | 30/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 30/06/2015 | 27/08/2015 | Dutch | |
| Abridged model | 31/12/2013 | 27/06/2014 | 29/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 15/03/2013 | 29/03/2013 | Dutch | |
| Abridged model | 31/12/2011 | 30/06/2012 | 03/08/2012 | Dutch | |
| Abridged model | 31/12/2010 | 09/05/2011 | 01/06/2011 | Dutch | |
| Abridged model | 31/12/2009 | 11/05/2010 | 24/08/2010 | Dutch | |
| Abridged model | 31/12/2008 | 11/05/2009 | 14/08/2009 | Dutch | |
| Abridged model | 31/12/2007 | 12/05/2008 | 25/08/2008 | Dutch | |
| Abridged model | 31/12/2006 | 07/05/2007 | 23/08/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 0 € and 100 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 11 ended
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates03/10/2025ONTSLAGEN - BENOEMINGEN
- Mandates14/02/2022ONTSLAGEN - BENOEMINGEN
- Mandates12/11/2020ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
- Mandates28/04/2014ONTSLAGEN - BENOEMINGEN
- Mandates31/10/2013ONTSLAGEN - BENOEMINGEN
- Capital / shares13/07/2011KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Restructuring16/07/2010WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring12/03/2010RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-16,8 k €↑
- 2024Annual accounts 2024-21,7 k €↑
- 2023Annual accounts 2023-32,2 k €↓
- 2022Annual accounts 2022-12,5 k €↓
- 2021Annual accounts 20214 k €↑
- 2020Annual accounts 2020-20,9 k €↓
- 2019Annual accounts 20193,7 k €↓
- 2018Annual accounts 20186 k €↑
- 2017Annual accounts 20173,4 k €↓
- 2016Annual accounts 20166,4 k €↑
- 2015Annual accounts 20155,9 k €↓
- 2014Annual accounts 201410,1 k €↓
- 2013Annual accounts 201312,6 k €↓
- 2012Annual accounts 201228,3 k €↑
- 2011Annual accounts 2011-12,7 k €↓
- 2009Annual accounts 20096,8 k €↑
- 2008Annual accounts 20083,9 k €↑
- 2007Annual accounts 2007-16,4 k €↓
- 2006Annual accounts 2006-11,7 k €
- 02/12/1988IncorporationPrivate company with limited liability