ACTIVE

BELEX BELGIUM

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

1,4 M €

+24049.7% YoY

Gross margin

2,5 M €

+729.9% YoY

Equity

1,7 M €

+279.9% YoY

Workforce

0,3 ETP

-62.5% YoY

What does BELEX BELGIUM do?

BELEX BELGIUM is a Private limited company incorporated in 1992. Its main activity is: Construction of buildings. Its registered office is in Sint-Martens-Latem. It employs on average 0,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.973.426

Incorporation

30/03/1992

Legal form

Private limited company

Registered office

Gillebulk 6
9830 Sint-Martens-Latem · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

0,3 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 46491Wholesale of other household goods 46491Wholesale of other household goods 51472Air transport

Joint committees (5)

100
124
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

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	2,5 M €	+730%	304,7 k €	+2.8%	296,5 k €	+18.8%	249,6 k €	+17.0%	213,3 k €	-37.7%	342,2 k €	+18.6%	288,5 k €	-3.3%	298,3 k €	-10.9%	334,7 k €	+22.5%	273,2 k €	+36.5%	200,2 k €	+0.4%	199,4 k €	-19.0%	246,3 k €	-3.6%	255,5 k €	-6.7%	273,9 k €	+0.7%	272 k €	+29.7%	209,8 k €	-41.6%	358,9 k €	+29.4%	277,4 k €	-5.8%	294,5 k €
EBITDA	2 M €	+765%	231,7 k €	+7.9%	214,7 k €	+13.2%	189,7 k €	+22.6%	154,7 k €	-48.7%	301,4 k €	+33.9%	225,1 k €	-3.5%	233,3 k €	-13.6%	270 k €	+26.9%	212,7 k €	+50.6%	141,2 k €	+0.4%	140,6 k €	-24.3%	185,7 k €	-6.3%	198,2 k €	-8.1%	215,7 k €	+0.3%	215,1 k €	+44.0%	149,4 k €	-42.9%	261,5 k €	+24.7%	209,7 k €	-12.4%	239,4 k €
Operating result	2 M €	+1150%	156,2 k €	+9.8%	142,3 k €	+15.8%	122,9 k €	+16.6%	105,4 k €	-58.8%	255,7 k €	+43.1%	178,7 k €	+0.7%	177,4 k €	-17.1%	214,1 k €	+39.5%	153,5 k €	+82.4%	84,1 k €	-0.7%	84,7 k €	-38.5%	137,7 k €	+11.7%	123,3 k €	-12.3%	140,6 k €	-18.2%	171,8 k €	+67.6%	102,5 k €	-51.6%	212 k €	+32.2%	160,4 k €	-16.0%	190,9 k €
Net result	1,4 M €	+24050%	5,9 k €	-73.5%	22,2 k €	-35.8%	34,5 k €	-8.0%	37,6 k €	-71.2%	130,4 k €	+81.8%	71,7 k €	-2.0%	73,2 k €	-16.9%	88,1 k €	+50.9%	58,4 k €	+155%	22,9 k €	+134%	9,8 k €	-11.2%	11 k €	-53.1%	23,5 k €	+24.7%	18,8 k €	-44.9%	34,2 k €	-40.7%	57,6 k €	+139%	24,1 k €	+92.3%	12,5 k €	+8.1%	11,6 k €
Balance sheet
Equity	1,7 M €	+280%	456 k €	+1.3%	450,1 k €	-12.8%	516,1 k €	-4.4%	539,9 k €	-2.9%	556,3 k €	+30.6%	425,9 k €	-35.5%	660,2 k €	+12.5%	587 k €	+17.7%	498,9 k €	+13.3%	440,6 k €	+4.6%	421,1 k €	+2.4%	411,3 k €	-5.3%	434,3 k €	+5.7%	410,8 k €	+4.8%	392 k €	+9.5%	357,9 k €	+19.2%	300,2 k €	+8.7%	276,1 k €	+4.8%	263,6 k €
Total assets	1,8 M €	-49.7%	3,5 M €	+13.4%	3,1 M €	-20.3%	3,9 M €	+36.8%	2,8 M €	+29.4%	2,2 M €	-29.9%	3,1 M €	-10.9%	3,5 M €	+15.0%	3 M €	-17.1%	3,7 M €	+35.4%	2,7 M €	+96.0%	1,4 M €	-49.8%	2,7 M €	+24.5%	2,2 M €	-8.1%	2,4 M €	-21.9%	3,1 M €	-3.9%	3,2 M €	-7.8%	3,5 M €	+22.0%	2,8 M €	-28.6%	4 M €
Cash	329,4 k €	+5727%	5,7 k €	-55.0%	12,6 k €	-11.5%	14,2 k €	-90.7%	153,3 k €	-34.9%	235,4 k €	+56.0%	150,9 k €	-50.8%	306,7 k €	+287%	79,2 k €	+2.1%	77,6 k €	-68.2%	244 k €	+1065%	20,9 k €	-55.6%	47,2 k €	+323%	11,1 k €	-68.5%	35,4 k €	-29.3%	50 k €	+151%	19,9 k €	+434%	3,7 k €	-86.7%	28,1 k €	-63.6%	77,2 k €
Debts	24 k €	-99.2%	3 M €	+16.3%	2,6 M €	-21.4%	3,3 M €	+46.0%	2,3 M €	+40.4%	1,6 M €	-39.5%	2,7 M €	-4.9%	2,8 M €	+15.7%	2,4 M €	-22.6%	3,1 M €	+39.2%	2,3 M €	+139%	944,6 k €	-59.2%	2,3 M €	+31.2%	1,8 M €	-11.0%	2 M €	-25.5%	2,7 M €	-6.0%	2,8 M €	-10.5%	3,2 M €	+23.9%	2,6 M €	-31.1%	3,7 M €
Other
Workforce	0,3 ETP	-62.5%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	-11.1%	0,9 ETP	-59.1%	2,2 ETP	+57.1%	1,4 ETP	+40.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 13 ended

Active mandates

Jessy Naudts

Director · since 24 mai 2022

Active

Patrick Naudts

Managing director · since 24 mai 2022

Active

Yannick Naudts

Director · since 24 mai 2022

Active

Ended mandates

Jessy Naudts

Director · since 24 mai 2022 · until 13 juin 2028

Ended

Patrick Naudts

Director · since 24 mai 2022

Ended

Patrick Naudts

Managing director · since 24 mai 2022 · until 13 juin 2028

Ended

Yannick Naudts

Director · since 24 mai 2022 · until 13 juin 2028

Ended

At this address

Other companies at this address

Company	CBE no.
IPNG● Active	0472.224.506

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	09/03/2026	11/06/2025	11/07/2024	30/06/2023	13/07/2022	02/07/2021
General meeting	04/03/2026	10/06/2025	28/06/2024	13/06/2023	14/06/2022	08/06/2021
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 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/03/2026	09/03/2026	Dutch	PDF
Abridged model	31/12/2024	10/06/2025	11/06/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	11/07/2024	Dutch	PDF
Abridged model	31/12/2022	13/06/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	14/06/2022	13/07/2022	Dutch	PDF
Abridged model	31/12/2020	08/06/2021	02/07/2021	Dutch	PDF
Abridged model	31/12/2019	09/06/2020	15/06/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	02/07/2019	Dutch	PDF
Abridged model	31/12/2017	12/06/2018	19/06/2018	Dutch	PDF
Abridged model	31/12/2016	13/06/2017	21/06/2017	Dutch	PDF
Abridged model	31/12/2015	14/06/2016	27/06/2016	Dutch	PDF
Abridged model	31/12/2014	09/06/2015	11/06/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	25/06/2014	Dutch	PDF
Abridged model	31/12/2012	11/06/2013	13/06/2013	Dutch	PDF
Abridged model	31/12/2011	12/06/2012	18/06/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	23/06/2011	Dutch	PDF
Abridged model	31/12/2009	08/06/2010	21/06/2010	Dutch	PDF
Abridged model	31/12/2008	09/06/2009	22/06/2009	Dutch	PDF
Abridged model	31/12/2007	10/06/2008	11/06/2008	Dutch	PDF
Abridged model	31/12/2006	12/06/2007	21/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 3 active · 13 ended

Active mandates

Jessy Naudts

Director · since 24 mai 2022

Active

Patrick Naudts

Managing director · since 24 mai 2022

Active

Yannick Naudts

Director · since 24 mai 2022

Active

Ended mandates

Jessy Naudts

Director · since 24 mai 2022 · until 13 juin 2028

Ended

Patrick Naudts

Director · since 24 mai 2022

Ended

Patrick Naudts

Managing director · since 24 mai 2022 · until 13 juin 2028

Ended

Yannick Naudts

Director · since 24 mai 2022 · until 13 juin 2028

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring02/06/2026
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates26/05/2026
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring01/04/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring08/09/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates27/05/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/06/2019
KAPITAAL - AANDELEN
PDF
Mandates19/07/2016
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

2025
Annual accounts 20251,4 M €↑
2024
Annual accounts 20245,9 k €↓
2023
Annual accounts 202322,2 k €↓
2022
Annual accounts 202234,5 k €↓
2021
Annual accounts 202137,6 k €↓
2020
Annual accounts 2020130,4 k €↑
2019
Annual accounts 201971,7 k €↓
2018
Annual accounts 201873,2 k €↓
2017
Annual accounts 201788,1 k €↑
2016
Annual accounts 201658,4 k €↑
2015
Annual accounts 201522,9 k €↑
2014
Annual accounts 20149,8 k €↓
2013
Annual accounts 201311 k €↓
2012
Annual accounts 201223,5 k €↑
2011
Annual accounts 201118,8 k €↓
2010
Annual accounts 201034,2 k €↓
2009
Annual accounts 200957,6 k €↑
2008
Annual accounts 200824,1 k €↑
2007
Annual accounts 200712,5 k €↑
2006
Annual accounts 200611,6 k €
30/03/1992
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

BELEX BELGIUM

Overview

What does BELEX BELGIUM do?

Trend over 20 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