BELSTAND
0442.698.694 · rovalta.com · 23/09/2026
ACTIVE
BELSTAND
Financial year 2025 · closed on 31/12/2025
Net result
22,2 k €
+186.8% YoY
Gross margin
437,2 k €
+13.8% YoY
Equity
466,5 k €
+2.0% YoY
Workforce
4,0 ETP
-4.8% YoY
Overview
What does BELSTAND do?
BELSTAND is a Private limited company incorporated in 1991. Its main activity is: Manufacture of other builders' carpentry and joinery. Its registered office is in Nivelles. It employs on average 4,0 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0442.698.694
Incorporation
07/02/1991
Legal form
Private limited company
Registered office
Avenue Thomas Edison 122
1402 Nivelles · WallonieSee on map
1402 Nivelles · WallonieSee on map
Contributed capital
20 625,00 €
Latest accounts
31/12/2025
Average workforce
4,0 ETP
Activities (NACE)
16230Manufacture of other builders' carpentry and joinery· main16230Manufacture of other builders' carpentry and joinery20300Manufacture of paints, varnishes and similar coatings, printing ink and mastics74105Specialised design activities74140Specialised design activities31004Manufacture of furniture+8
Joint committees (2)
- 126
- 200
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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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 | 437,2 k € | +13.8% | 384,2 k € | -15.7% | 455,6 k € | -3.1% | 470,1 k € | -6.5% | 503 k € | +20.5% | 417,4 k € | +4.8% | 398,4 k € | +20.8% | 329,9 k € | +21.6% | 271,3 k € | +5.1% | 258 k € | -13.6% | 298,5 k € | +11.8% | 266,9 k € | +11.7% | 239,1 k € | -18.5% | 293,3 k € | +6.0% | 276,8 k € | +15.0% | 240,7 k € | -9.1% | 264,8 k € | -14.5% | 309,6 k € | -1.6% | 314,7 k € | +33.9% | 234,9 k € |
| EBITDA | 193,3 k € | +36.6% | 141,5 k € | -9.2% | 155,7 k € | -22.0% | 199,7 k € | +22.4% | 163,1 k € | +67.2% | 97,6 k € | -3.6% | 101,2 k € | -4.3% | 105,8 k € | -7.6% | 114,4 k € | +25.6% | 91,1 k € | -37.1% | 144,9 k € | +26.6% | 114,4 k € | +27.3% | 89,9 k € | -20.7% | 113,4 k € | +17.0% | 97 k € | -3.1% | 100 k € | +0.9% | 99,1 k € | -10.9% | 111,3 k € | -1.0% | 112,4 k € | +36.1% | 82,6 k € |
| Operating result | 77 k € | +134% | 32,9 k € | -31.7% | 48,2 k € | -63.8% | 133,2 k € | +31.9% | 100,9 k € | +130% | 44 k € | -21.3% | 55,9 k € | -17.9% | 68,1 k € | +5.0% | 64,8 k € | +70.0% | 38,1 k € | -44.8% | 69,1 k € | +9.1% | 63,3 k € | +72.6% | 36,7 k € | -30.2% | 52,5 k € | +17.4% | 44,7 k € | -11.5% | 50,5 k € | +3.6% | 48,8 k € | +4.5% | 46,7 k € | -19.7% | 58,2 k € | +85.9% | 31,3 k € |
| Net result | 22,2 k € | +187% | 7,7 k € | -65.2% | 22,2 k € | -79.6% | 108,9 k € | +38.0% | 78,9 k € | +365% | 17 k € | -29.6% | 24,1 k € | -32.9% | 35,9 k € | +11.4% | 32,2 k € | +108% | 15,5 k € | -55.0% | 34,5 k € | +18.3% | 29,1 k € | +577% | 4,3 k € | -74.4% | 16,8 k € | +184% | 5,9 k € | -21.1% | 7,5 k € | +658% | 992 € | -88.3% | 8,5 k € | -72.0% | 30,3 k € | +179% | 10,9 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 466,5 k € | +2.0% | 457,2 k € | +0.9% | 453,3 k € | +4.2% | 434,9 k € | +31.9% | 329,7 k € | +29.5% | 254,7 k € | +5.4% | 241,5 k € | +45.8% | 165,7 k € | +6.6% | 155,5 k € | +23.2% | 126,3 k € | +4.9% | 120,3 k € | +21.3% | 99,2 k € | -14.0% | 115,4 k € | -9.9% | 128,1 k € | +15.1% | 111,3 k € | +5.6% | 105,4 k € | -23.6% | 137,8 k € | -12.1% | 156,8 k € | +5.7% | 148,4 k € | +25.7% | 118,1 k € |
| Total assets | 1,7 M € | +16.2% | 1,5 M € | +2.6% | 1,4 M € | -5.2% | 1,5 M € | +8.2% | 1,4 M € | +6.3% | 1,3 M € | +84.5% | 718,5 k € | +3.2% | 696,1 k € | +27.6% | 545,5 k € | -5.2% | 575,7 k € | +3.9% | 554,1 k € | -3.3% | 573,2 k € | -5.9% | 609,2 k € | -11.4% | 687,5 k € | -7.2% | 740,7 k € | -0.2% | 742,1 k € | -9.9% | 823,9 k € | -3.0% | 849,1 k € | +14.6% | 741,1 k € | +7.5% | 689,1 k € |
| Cash | 58 k € | -42.9% | 101,6 k € | -3.1% | 104,8 k € | +506% | 17,3 k € | +72.5% | 10 k € | +8.5% | 9,2 k € | +65.5% | 5,6 k € | +29.2% | 4,3 k € | -51.4% | 8,9 k € | +108% | 4,3 k € | -15.7% | 5,1 k € | +96.1% | 2,6 k € | +42.1% | 1,8 k € | -15.7% | 2,2 k € | -70.6% | 7,3 k € | -26.9% | 10 k € | +77.9% | 5,6 k € | +2.7% | 5,5 k € | -81.0% | 29 k € | -40.1% | 48,4 k € |
| Debts | 1,3 M € | +22.6% | 1 M € | +3.3% | 993,5 k € | -8.9% | 1,1 M € | +1.0% | 1,1 M € | +0.8% | 1,1 M € | +125% | 476,6 k € | -10.1% | 530,4 k € | +36.1% | 389,6 k € | -13.3% | 449,4 k € | +3.6% | 433,8 k € | -7.5% | 469 k € | -5.0% | 493,8 k € | -11.7% | 559,4 k € | -11.1% | 629,4 k € | -1.2% | 636,8 k € | -7.2% | 686,1 k € | -0.9% | 692,3 k € | +16.8% | 592,7 k € | +4.1% | 569,2 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 4,0 ETP | -4.8% | 4,2 ETP | -17.6% | 5,1 ETP | -19.0% | 6,3 ETP | -18.2% | 7,7 ETP | +5.5% | 7,3 ETP | +14.1% | 6,4 ETP | +42.2% | 4,5 ETP | +28.6% | 3,5 ETP | -7.9% | 3,8 ETP | +8.6% | 3,5 ETP | 0.0% | 3,5 ETP | 0.0% | 3,5 ETP | -16.7% | 4,2 ETP | -4.5% | 4,4 ETP | +25.7% | 3,5 ETP | -12.5% | 4,0 ETP | -24.5% | 5,3 ETP | -3.6% | 5,5 ETP | +31.0% | 4,2 ETP |
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 · 1 active · 1 ended
Active mandates
PHILIPPE JACOBS
ActiveEnded mandates
Philippe JACOBS
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
BELSTAND PRODUCTION● Active | 0882.819.863 |
Financials
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 | 31/08/2026 | 27/08/2025 | 23/07/2024 | 31/08/2023 | 30/08/2022 | 31/08/2021 |
| General meeting | 19/06/2026 | 20/06/2025 | 21/06/2024 | 16/06/2023 | 17/06/2022 | 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 |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 19/06/2026 | 31/08/2026 | French | |
| Abridged model | 31/12/2024 | 20/06/2025 | 27/08/2025 | French | |
| Abridged model | 31/12/2023 | 21/06/2024 | 23/07/2024 | French | |
| Abridged model | 31/12/2022 | 16/06/2023 | 31/08/2023 | French | |
| Abridged model | 31/12/2021 | 17/06/2022 | 30/08/2022 | French | |
| Abridged model | 31/12/2020 | 30/06/2021 | 31/08/2021 | French | |
| Abridged model | 31/12/2019 | 30/06/2020 | 08/10/2020 | French | |
| Abridged model | 31/12/2018 | 30/06/2019 | 01/08/2019 | French | |
| Abridged model | 31/12/2017 | 30/06/2018 | 16/08/2018 | French | |
| Abridged model | 31/12/2016 | 30/06/2017 | 29/08/2017 | French | |
| Abridged model | 31/12/2015 | 30/06/2016 | 30/08/2016 | French | |
| Abridged model | 31/12/2014 | 30/06/2015 | 31/08/2015 | French | |
| Abridged model | 31/12/2013 | 30/06/2014 | 13/08/2014 | French | |
| Abridged model | 31/12/2012 | 30/06/2013 | 30/08/2013 | French | |
| Abridged model | 31/12/2011 | 30/06/2012 | 30/08/2012 | French | |
| Abridged model | 31/12/2010 | 30/06/2011 | 30/08/2011 | French | |
| Abridged model | 31/12/2009 | 30/06/2010 | 26/08/2010 | French | |
| Abridged model | 31/12/2008 | 30/06/2009 | 31/08/2009 | French | |
| Abridged model | 31/12/2007 | 30/06/2008 | 25/08/2008 | French | |
| Abridged model | 31/12/2006 | 30/06/2007 | 28/08/2007 | French |
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 · 1 active · 1 ended
Active mandates
PHILIPPE JACOBS
ActiveEnded mandates
Philippe JACOBS
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
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 202522,2 k €↑
- 2024Annual accounts 20247,7 k €↓
- 2023Annual accounts 202322,2 k €↓
- 2022Annual accounts 2022108,9 k €↑
- 2021Annual accounts 202178,9 k €↑
- 2020Annual accounts 202017 k €↓
- 2019Annual accounts 201924,1 k €↓
- 2018Annual accounts 201835,9 k €↑
- 2017Annual accounts 201732,2 k €↑
- 2016Annual accounts 201615,5 k €↓
- 2015Annual accounts 201534,5 k €↑
- 2014Annual accounts 201429,1 k €↑
- 2013Annual accounts 20134,3 k €↓
- 2012Annual accounts 201216,8 k €↑
- 2011Annual accounts 20115,9 k €↓
- 2010Annual accounts 20107,5 k €↑
- 2009Annual accounts 2009992 €↓
- 2008Annual accounts 20088,5 k €↓
- 2007Annual accounts 200730,3 k €↑
- 2006Annual accounts 200610,9 k €
- 07/02/1991IncorporationPrivate limited company