ACTIVE

BEL LIGHTING

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Financial year 2024 · closed on 31/12/2024

Net result

-17,2 k €

+65.7% YoY

Gross margin

323,1 k €

-28.5% YoY

Equity

1,8 M €

-10.0% YoY

Workforce

6,3 ETP

-16.0% YoY

What does BEL LIGHTING do?

BEL LIGHTING is a Private limited company incorporated in 1992. Its main activity is: Wholesale of electrical household appliances. Its registered office is in Tubize. It employs on average 6,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.960.954

Incorporation

31/03/1992

Legal form

Private limited company

Registered office

Avenue Ernest Solvay 42
1480 Tubize · WallonieSee on map

Contributed capital

56 000,00 €

Latest accounts

31/12/2024

Average workforce

6,3 ETP

Activities (NACE)

46431Wholesale of electrical household appliances· main 46431Wholesale of electrical household appliances 47552Retail sale of other household equipment in specialised stores 47592Retail sale of furniture, lighting equipment and other household articles in specialised stores 51430Air transport 52442Warehousing and support activities for transportation

Joint committees (5)

100
14901
20018
201
218

Contacts

2 public details availableLog in to view

Signals

Solid equityLow riskGood liquidityPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	323,1 k €	-28.5%	451,9 k €	-24.6%	599,1 k €	-23.6%	784,3 k €	-6.7%	840,9 k €	+22.5%	686,7 k €	-2.0%	701 k €	+1.1%	693,2 k €	+57.7%	439,6 k €	-34.9%	675,1 k €	+16.5%	579,4 k €	+33.1%	435,3 k €	-35.8%	677,7 k €	+10.5%	613,4 k €	-28.3%	855,9 k €	-8.4%	934,2 k €	+18.6%	787,8 k €	+19.2%	660,9 k €
EBITDA	4,2 k €	-77.4%	18,6 k €	-89.0%	168,6 k €	-48.4%	326,7 k €	-26.4%	443,6 k €	+43.1%	310,1 k €	-5.4%	327,7 k €	+8.3%	302,5 k €	+233%	90,9 k €	-67.8%	282 k €	+31.5%	214,4 k €	+372%	45,5 k €	-83.7%	279,2 k €	+32.5%	210,7 k €	-45.1%	384 k €	-23.7%	503,5 k €	+4.7%	480,9 k €	+27.3%	377,6 k €
Operating result	-4,1 k €	+80.7%	-21,1 k €	-118%	118,3 k €	-55.4%	265,1 k €	-26.7%	361,5 k €	+52.7%	236,7 k €	-15.8%	281,3 k €	+9.5%	256,9 k €	+889%	26 k €	-85.4%	177,5 k €	+52.5%	116,4 k €	+300%	-58,1 k €	-134%	172,1 k €	+60.3%	107,4 k €	-63.8%	296,7 k €	-24.7%	393,9 k €	+2.8%	383,3 k €	+37.8%	278,1 k €
Net result	-17,2 k €	+65.7%	-50,2 k €	-196%	52,2 k €	-65.1%	149,8 k €	-27.1%	205,4 k €	+49.0%	137,9 k €	-13.7%	159,8 k €	+7.3%	149 k €	+3484%	-4,4 k €	-104%	105 k €	+118%	48,2 k €	+136%	-135,1 k €	-195%	141,5 k €	+1254%	-12,3 k €	-109%	129,5 k €	-40.4%	217,5 k €	-8.5%	237,8 k €	+75.8%	135,3 k €
Balance sheet
Equity	1,8 M €	-10.0%	2 M €	-5.3%	2,1 M €	-1.8%	2,1 M €	+19.4%	1,8 M €	+13.0%	1,6 M €	+9.6%	1,4 M €	+12.5%	1,3 M €	-5.1%	1,3 M €	-1.2%	1,4 M €	+7.4%	1,3 M €	+3.0%	1,2 M €	-10.6%	1,4 M €	-2.0%	1,4 M €	-1.4%	1,4 M €	+9.4%	1,3 M €	+19.3%	1,1 M €	+38.1%	791,3 k €
Total assets	2,2 M €	-6.4%	2,3 M €	-7.3%	2,5 M €	-1.1%	2,5 M €	+15.8%	2,2 M €	+16.9%	1,9 M €	+2.2%	1,8 M €	-3.8%	1,9 M €	+16.9%	1,6 M €	-7.9%	1,8 M €	+5.3%	1,7 M €	-5.6%	1,8 M €	-22.7%	2,3 M €	+1.7%	2,2 M €	+2.9%	2,2 M €	-9.0%	2,4 M €	+9.3%	2,2 M €	+13.8%	1,9 M €
Cash	903,5 k €	-14.3%	1,1 M €	-17.6%	1,3 M €	+5.6%	1,2 M €	+34.1%	904 k €	+76.4%	512,4 k €	-12.3%	584,1 k €	+5.3%	554,4 k €	+34.9%	411,1 k €	+7.3%	383,2 k €	+85.4%	206,7 k €	+26.6%	163,3 k €	-66.8%	492 k €	-2.5%	504,6 k €	-55.1%	1,1 M €	+12.7%	997,3 k €	+67.0%	597,3 k €	+101%	296,8 k €
Debts	374,4 k €	+15.4%	324,6 k €	-18.3%	397,1 k €	+2.5%	387,3 k €	-0.7%	390 k €	+38.3%	281,9 k €	-22.1%	361,9 k €	-40.7%	610,6 k €	+145%	249,7 k €	-33.6%	376,2 k €	-5.2%	397 k €	-22.8%	514,5 k €	-42.0%	887,6 k €	+8.2%	820,5 k €	+11.5%	736 k €	-31.6%	1,1 M €	-0.5%	1,1 M €	-4.9%	1,1 M €
Other
Workforce	6,3 ETP	-16.0%	7,5 ETP	-12.8%	8,6 ETP	-7.5%	9,3 ETP	+24.0%	7,5 ETP	-7.4%	8,1 ETP	0.0%	8,1 ETP	-5.8%	8,6 ETP	-14.0%	10,0 ETP	+6.4%	9,4 ETP	+3.3%	9,1 ETP	-8.1%	9,9 ETP	+6.5%	9,3 ETP	-3.1%	9,6 ETP	-27.8%	13,3 ETP	+18.8%	11,2 ETP	+31.8%	8,5 ETP	+1.2%	8,4 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 31/12/2024 · 1 active · 8 ended

Active mandates

Ioannis Terzis

Director · since 09 mai 2023

Active

Ended mandates

Ioannis Terzis

Director · since 13 février 1995

Ended

Ioannis Terzis

Manager · since 13 février 1995

Ended

Nicolas Terzis

Manager · since 31 mars 1992 · until 28 août 2015

Ended

Nicolas Terzis

Manager · since 31 mars 1992

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2025	26/06/2024	12/06/2023	08/07/2022	02/07/2021	09/07/2020
General meeting	19/06/2025	19/06/2024	09/06/2023	30/06/2022	30/06/2021	30/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	19/06/2025	30/06/2025	French	PDF
Abridged model	31/12/2023	19/06/2024	26/06/2024	French	PDF
Abridged model	31/12/2022	09/06/2023	12/06/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	08/07/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	02/07/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	09/07/2020	French	PDF
Abridged model	31/12/2018	21/05/2019	11/06/2019	French	PDF
Abridged model	31/12/2017	14/05/2018	29/05/2018	French	PDF
Abridged model	31/12/2016	08/05/2017	28/06/2017	French	PDF
Abridged model	31/12/2015	26/09/2016	12/10/2016	French	PDF
Abridged model	31/12/2014	28/08/2015	09/09/2015	French	PDF
Abridged model	31/12/2013	31/05/2014	30/09/2014	French	PDF
Abridged model	31/12/2012	13/05/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	14/05/2012	20/08/2012	French	PDF
Abridged model	31/12/2010	16/05/2011	28/07/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	16/05/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	16/05/2008	03/11/2008	French	PDF
Abridged model	31/12/2006	16/05/2007	17/07/2007	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 31/12/2024 · 1 active · 8 ended

Active mandates

Ioannis Terzis

Director · since 09 mai 2023

Active

Ended mandates

Ioannis Terzis

Director · since 13 février 1995

Ended

Ioannis Terzis

Manager · since 13 février 1995

Ended

Nicolas Terzis

Manager · since 31 mars 1992 · until 28 août 2015

Ended

Nicolas Terzis

Manager · since 31 mars 1992

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/05/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates07/12/2015
DEMISSIONS, NOMINATIONS
PDF
Registered office08/04/2005
SIEGE SOCIAL
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

2024
Annual accounts 2024-17,2 k €↑
2023
Annual accounts 2023-50,2 k €↓
2022
Annual accounts 202252,2 k €↓
2021
Annual accounts 2021149,8 k €↓
2019
Annual accounts 2019205,4 k €↑
2018
Annual accounts 2018137,9 k €↓
2017
Annual accounts 2017159,8 k €↑
2016
Annual accounts 2016149 k €↑
2015
Annual accounts 2015-4,4 k €↓
2014
Annual accounts 2014105 k €↑
2013
Annual accounts 201348,2 k €↑
2012
Annual accounts 2012-135,1 k €↓
2011
Annual accounts 2011141,5 k €↑
2010
Annual accounts 2010-12,3 k €↓
2009
Annual accounts 2009129,5 k €↓
2008
Annual accounts 2008217,5 k €↓
2007
Annual accounts 2007237,8 k €↑
2006
Annual accounts 2006135,3 k €
31/03/1992
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

BEL LIGHTING

Overview

What does BEL LIGHTING do?

Trend over 18 financial years

Indicative valuation

Board of directors

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