ACTIVE

BELPARFI

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Financial year 2025 · closed on 31/12/2025

Net result

2,1 M €

+10.8% YoY

Gross margin

3,3 M €

-24.1% YoY

Equity

37,4 M €

+6.0% YoY

Workforce

7,5 ETP

-3.8% YoY

What does BELPARFI do?

BELPARFI is a Public limited company incorporated in 1991. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Gent. It employs on average 7,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.180.330

Incorporation

28/02/1991

Legal form

Public limited company

Registered office

Kortrijksepoortstraat 240
9000 Gent · FlandreSee on map

Contributed capital

8 658 500,00 €

Latest accounts

31/12/2025

Average workforce

7,5 ETP

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 74851Other professional, scientific and technical activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.56210Event catering activities+12

Joint committees (5)

100
1000
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	3,3 M €	-24.1%	4,3 M €	-25.3%	5,7 M €	+13.0%	5,1 M €	+20.1%	4,2 M €	+21.0%	3,5 M €	-6.6%	3,7 M €	+73.8%	2,2 M €	-8.5%	2,3 M €	-8.3%	2,6 M €	+5.9%	2,4 M €	+11.1%	2,2 M €	-12.1%	2,5 M €	+3.0%	2,4 M €	+32.2%	1,8 M €	+14.0%	1,6 M €	+30.3%	1,2 M €
EBITDA	2,3 M €	-33.0%	3,5 M €	-26.9%	4,7 M €	+19.1%	4 M €	+24.3%	3,2 M €	+17.9%	2,7 M €	-6.4%	2,9 M €	+86.1%	1,6 M €	-11.0%	1,8 M €	-7.4%	1,9 M €	+3.5%	1,8 M €	+14.2%	1,6 M €	-7.2%	1,7 M €	+7.1%	1,6 M €	+52.7%	1,1 M €	-8.9%	1,2 M €	+50.3%	770,7 k €
Operating result	1,6 M €	-39.8%	2,6 M €	-33.8%	3,9 M €	+32.4%	3 M €	+38.6%	2,2 M €	+68.0%	1,3 M €	-15.5%	1,5 M €	+344%	341,6 k €	-41.0%	579,1 k €	-20.3%	726,8 k €	+0.4%	723,9 k €	+36.1%	531,7 k €	-30.0%	759,8 k €	+18.1%	643,5 k €	+292%	164,1 k €	-46.4%	305,9 k €	+823%	-42,3 k €
Net result	2,1 M €	+10.8%	1,9 M €	-32.4%	2,8 M €	+36.2%	2,1 M €	+43.1%	1,4 M €	+119%	656,4 k €	-32.2%	968,2 k €	+372%	205,1 k €	-40.4%	344,3 k €	-50.6%	697,1 k €	+87.5%	371,8 k €	+56.5%	237,5 k €	-44.1%	425,2 k €	+30.0%	326,9 k €	+870%	-42,4 k €	-119%	227,5 k €	+1438%	-17 k €
Balance sheet
Equity	37,4 M €	+6.0%	35,3 M €	+5.7%	33,4 M €	+9.2%	30,6 M €	+7.2%	28,5 M €	+11.8%	25,5 M €	+2.7%	24,8 M €	+157%	9,7 M €	+2.2%	9,5 M €	+3.8%	9,1 M €	+8.3%	8,4 M €	+4.6%	8 M €	+3.0%	7,8 M €	+5.8%	7,4 M €	+4.6%	7 M €	-0.6%	7,1 M €	+3.3%	6,9 M €
Total assets	39,8 M €	-9.2%	43,8 M €	-0.4%	43,9 M €	+3.8%	42,3 M €	+1.7%	41,6 M €	+4.3%	39,9 M €	+28.5%	31,1 M €	+104%	15,2 M €	+3.2%	14,8 M €	-4.2%	15,4 M €	-5.3%	16,3 M €	+4.2%	15,6 M €	+3.2%	15,1 M €	-4.0%	15,8 M €	+8.1%	14,6 M €	+9.8%	13,3 M €	+2.0%	13 M €
Cash	503,6 k €	+118%	230,6 k €	-28.5%	322,6 k €	-82.6%	1,9 M €	+973%	172,9 k €	-75.4%	704 k €	-89.0%	6,4 M €	+3028%	204,3 k €	+29.6%	157,6 k €	-34.4%	240,2 k €	-46.9%	452,1 k €	+205%	148,2 k €	+3.2%	143,6 k €	-34.4%	219,1 k €	+453%	39,6 k €	+30.9%	30,2 k €	-80.3%	153,1 k €
Debts	1,6 M €	-79.3%	7,7 M €	-21.1%	9,7 M €	-14.3%	11,4 M €	-12.2%	12,9 M €	-9.4%	14,3 M €	+140%	6 M €	+9.7%	5,4 M €	+5.7%	5,1 M €	-16.0%	6,1 M €	-21.6%	7,8 M €	+4.0%	7,5 M €	+3.2%	7,3 M €	-12.8%	8,3 M €	+11.3%	7,5 M €	+21.7%	6,1 M €	+0.7%	6,1 M €
Other
Workforce	7,5 ETP	-3.8%	7,8 ETP	-24.3%	10,3 ETP	-16.3%	12,3 ETP	0.0%	12,3 ETP	+10.8%	11,1 ETP	-7.5%	12,0 ETP	+50.0%	8,0 ETP	-8.0%	8,7 ETP	-7.4%	9,4 ETP	+9.3%	8,6 ETP	0.0%	8,6 ETP	-18.9%	10,6 ETP	+20.5%	8,8 ETP	-3.3%	9,1 ETP	+19.7%	7,6 ETP	-5.0%	8,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 39 ended

Active mandates

Sonia Baesch

Managing director · since 12 janvier 2023 · until 26 mai 2028

Active

Caroline De Poorter

Director · since 31 mai 2019 · until 26 mai 2028

Active

Fréderic Staelens

Director · since 31 mai 2019 · until 26 mai 2028

Active

Philippe Van de Vyvere

Managing director · since 31 mai 2019 · until 26 mai 2028

Active

Ended mandates

Sonia Baesch

Managing director · since 12 janvier 2023 · until 25 mai 2028

Ended

Caroline De Poorter

Director · since 31 mai 2019 · until 28 mai 2021

Ended

Caroline De Poorter

Director · since 31 mai 2019 · until 28 mai 2022

Ended

Caroline De Poorter

Director · since 31 mai 2019 · until 25 mai 2028

Ended

At this address

Other companies at this address

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BEHEER EN BOEKHOUDING SERVICE● Active	0425.204.943
CASA RENSON● Active	0861.678.021
FIDUCIAIRE BASSEVELDE● Active	0878.166.932
KAVIN● Active	0445.233.265
SOFRA-INVESTMENTS● Active	0423.915.041

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	15/06/2026	17/06/2025	26/06/2024	20/06/2023	23/06/2022	25/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	15/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	17/06/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	26/06/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	20/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	23/06/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	25/06/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	24/06/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	25/06/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	25/06/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	21/06/2017	Dutch	PDF
Abridged model	31/12/2015	04/04/2016	04/05/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	11/07/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	18/07/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	09/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	05/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	23/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	06/08/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	24/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 4 active · 39 ended

Active mandates

Sonia Baesch

Managing director · since 12 janvier 2023 · until 26 mai 2028

Active

Caroline De Poorter

Director · since 31 mai 2019 · until 26 mai 2028

Active

Fréderic Staelens

Director · since 31 mai 2019 · until 26 mai 2028

Active

Philippe Van de Vyvere

Managing director · since 31 mai 2019 · until 26 mai 2028

Active

Ended mandates

Sonia Baesch

Managing director · since 12 janvier 2023 · until 25 mai 2028

Ended

Caroline De Poorter

Director · since 31 mai 2019 · until 28 mai 2021

Ended

Caroline De Poorter

Director · since 31 mai 2019 · until 28 mai 2022

Ended

Caroline De Poorter

Director · since 31 mai 2019 · until 25 mai 2028

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office17/04/2025
MAATSCHAPPELIJKE ZETEL
PDF
Registered office16/09/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates03/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/01/2017
KAPITAAL - AANDELEN
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 20252,1 M €↑
2024
Annual accounts 20241,9 M €↓
2023
Annual accounts 20232,8 M €↑
2022
Annual accounts 20222,1 M €↑
2021
Annual accounts 20211,4 M €↑
2018
Annual accounts 2018656,4 k €↓
2017
Annual accounts 2017968,2 k €↑
2015
Annual accounts 2015205,1 k €↓
2015
Name changeBelparfi NV
2014
Annual accounts 2014344,3 k €↓
2013
Annual accounts 2013697,1 k €↑
2012
Annual accounts 2012371,8 k €↑
2011
Annual accounts 2011237,5 k €↓
2010
Annual accounts 2010425,2 k €↑
2009
Annual accounts 2009326,9 k €↑
2008
Annual accounts 2008-42,4 k €↓
2007
Annual accounts 2007227,5 k €↑
2006
Annual accounts 2006-17 k €
2006
Name changePROPERTIES-INVEST
28/02/1991
IncorporationPublic 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

BELPARFI

Overview

What does BELPARFI 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