ACTIVE

BELLIMER

Financial year 2025 · closed on 31/12/2025
Net result
2,7 M €
-32.6% YoY
Revenue
51,9 M €
-15.7% YoY
Equity
22,7 M €
+13.3% YoY
Workforce
4,8 ETP
+9.1% YoY

What does BELLIMER do?

BELLIMER is a Private limited company incorporated in 1992. Its registered office is in Antwerpen. It employs on average 4,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0446.306.403
Incorporation
22/01/1992
Legal form
Private limited company
Registered office
Mechelsesteenweg 140 box 33
2018 Antwerpen · FlandreSee on map
Contributed capital
8 060,00 €
Latest accounts
31/12/2025
Average workforce
4,8 ETP
Joint committees (2)
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Revenue51,9 M €61,5 M €67,2 M €83,4 M €83 M €61,8 M €61 M €72,9 M €64,4 M €60,9 M €73,2 M €68 M €57,6 M €67,9 M €72,7 M €79,9 M €52,1 M €74,8 M €75,7 M €76,2 M €
EBITDA4,5 M €4,3 M €6 M €6,5 M €5,5 M €3,1 M €901,3 k €2,7 M €678,5 k €-235,7 k €2,8 M €73,8 k €135,6 k €-529 k €673,4 k €119,9 k €33,5 k €78 k €295,1 k €155,2 k €
Operating result4,2 M €4,3 M €6,6 M €5,3 M €4,3 M €3,9 M €1,7 M €1,3 M €749,3 k €84,4 k €2 M €6,3 k €30,4 k €-613,9 k €654,5 k €114,4 k €-11,1 k €-78 k €233,2 k €153,8 k €
Net result2,7 M €4 M €2,2 M €4,1 M €3,6 M €2,6 M €1,1 M €881,3 k €509,6 k €645 k €-30,4 k €-12,7 k €49,5 k €86,3 k €-19,1 k €39,8 k €13,3 k €-69,3 k €92,6 k €85,8 k €
Balance sheet
Equity22,7 M €20 M €16,1 M €13,9 M €9,7 M €6,1 M €3,5 M €2,3 M €1,5 M €953,7 k €308,7 k €339,1 k €351,7 k €302,3 k €216 k €235,1 k €195,4 k €182 k €251,3 k €158,7 k €
Total assets33 M €31,4 M €30,2 M €28,4 M €23,9 M €15,8 M €11,5 M €17,3 M €11,7 M €11,9 M €12,1 M €8,4 M €7,5 M €9,5 M €7,3 M €4,4 M €5,7 M €6,8 M €6,2 M €10,2 M €
Cash1,8 M €2,3 M €4,6 M €6,8 M €2,5 M €2,4 M €770,9 k €3,7 M €1,1 M €1,5 M €1,8 M €299,7 k €618,2 k €823 k €104,1 k €251,6 k €64,1 k €408,9 k €58,6 k €101,3 k €
Debts9,1 M €8,8 M €10,9 M €10,7 M €9,5 M €7,9 M €8 M €14,7 M €9,2 M €10,4 M €9,9 M €7,6 M €7,1 M €9,2 M €7 M €4,1 M €5,5 M €6,6 M €5,9 M €8,8 M €
Other
Workforce4,8 ETP4,4 ETP4,5 ETP4,4 ETP4,6 ETP5,3 ETP4,8 ETP4,9 ETP5,7 ETP5,2 ETP5,0 ETP4,4 ETP4,0 ETP4,4 ETP4,2 ETP4,8 ETP5,2 ETP4,2 ETP3,6 ETP2,6 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

ANDRE HARTMAN

Director · since 06 février 1992

Active
BLIMA HADASSA MONDERER

Director · since 06 février 1992

Active

Ended mandates

RSM INTERAUDIT

Auditor · since 18 août 2022 · until 18 août 2025 · 0436.391.122

Represented by SEBASTIEN DECKERS

Ended
CALLENS VANDELANOTTE

Auditor · since 01 janvier 2022 · until 01 janvier 2025 · 0433.608.707

Represented by ERIK SNAUWAERT (A01883)

Ended
RSM INTERAUDIT

Auditor · since 25 septembre 2019 · until 31 mai 2022 · 0436.391.122

Represented by SEBASTIEN DECKERS

Ended
André HARTMAN

Manager · since 06 février 1992

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/08/202630/08/202530/08/202430/11/202331/08/202208/11/2021
General meeting27/08/202625/08/202527/08/202431/10/202318/08/202228/10/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

23 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202527/08/202630/08/2026DutchPDF
Full model31/12/202425/08/202530/08/2025DutchPDF
Full model31/12/202327/08/202430/08/2024DutchPDF
Full model31/12/202231/10/202330/11/2023DutchPDF
Full model31/12/202118/08/202231/08/2022DutchPDF
Full model31/12/202028/10/202108/11/2021DutchPDF
Full modelCorrection31/12/201921/10/202025/02/2021DutchPDF
Full model31/12/201921/10/202030/10/2020DutchPDF
Full model31/12/201816/08/201930/08/2019DutchPDF
Full model31/12/201731/01/201925/03/2019DutchPDF
Full model31/12/201626/09/201723/11/2017DutchPDF
Full modelCorrection31/12/201526/09/201618/08/2017DutchPDF
Full model31/12/201526/09/201630/12/2016DutchPDF
Full model31/12/201426/11/201530/11/2015DutchPDF
Full model31/12/201325/09/201430/09/2014FrenchPDF
Full model31/12/201223/12/201309/01/2014DutchPDF
Full model31/12/201131/01/201307/02/2013DutchPDF
Full model31/12/201031/08/201126/09/2011DutchPDF
Full model31/12/200909/12/201010/01/2011DutchPDF
Full model31/12/200815/10/200929/10/2009DutchPDF
Full model31/12/200703/06/200910/06/2009DutchPDF
Full model31/12/200627/09/200728/09/2007DutchPDF
Full model31/12/200526/03/200730/03/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 2 active · 5 ended

Active mandates

ANDRE HARTMAN

Director · since 06 février 1992

Active
BLIMA HADASSA MONDERER

Director · since 06 février 1992

Active

Ended mandates

RSM INTERAUDIT

Auditor · since 18 août 2022 · until 18 août 2025 · 0436.391.122

Represented by SEBASTIEN DECKERS

Ended
CALLENS VANDELANOTTE

Auditor · since 01 janvier 2022 · until 01 janvier 2025 · 0433.608.707

Represented by ERIK SNAUWAERT (A01883)

Ended
RSM INTERAUDIT

Auditor · since 25 septembre 2019 · until 31 mai 2022 · 0436.391.122

Represented by SEBASTIEN DECKERS

Ended
André HARTMAN

Manager · since 06 février 1992

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/08/2024
    WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/12/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/12/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/02/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/01/2008
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2025
    Annual accounts 20252,7 M €
  2. 2024
    Annual accounts 20244 M €
  3. 2023
    Annual accounts 20232,2 M €
  4. 2022
    Annual accounts 20224,1 M €
  5. 2021
    Annual accounts 20213,6 M €
  6. 2020
    Annual accounts 20202,6 M €
  7. 2019
    Annual accounts 20191,1 M €
  8. 2018
    Annual accounts 2018881,3 k €
  9. 2017
    Annual accounts 2017509,6 k €
  10. 2016
    Annual accounts 2016645 k €
  11. 2015
    Annual accounts 2015-30,4 k €
  12. 2014
    Annual accounts 2014-12,7 k €
  13. 2013
    Annual accounts 201349,5 k €
  14. 2012
    Annual accounts 201286,3 k €
  15. 2011
    Annual accounts 2011-19,1 k €
  16. 2010
    Annual accounts 201039,8 k €
  17. 2009
    Annual accounts 200913,3 k €
  18. 2008
    Annual accounts 2008-69,3 k €
  19. 2007
    Annual accounts 200792,6 k €
  20. 2006
    Annual accounts 200685,8 k €
  21. 22/01/1992
    IncorporationPrivate limited company