NORMAL SITUATION

BELHOLDING BELGIUM

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Company — Normal situation.

Financial year 2025 · Closed on 03/11/2025

Net result1,7 M €-98,9 %over 1 year

Equity31 M €+5,8 %over 1 year

Identity

Source · BCE/KBO

BELHOLDING BELGIUM is a company registered in Belgium.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0446.979.661
Legal form: Public limited company
Contributed capital: 8 677 368,00 €
Latest accounts: 03/11/2025

Signals

ProfitableSolid equityGood liquidityPositive cashflow

Financials

Source · NBB, 33 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
EBITDA	-616,5 k €	-1082%	-52,2 k €	-43.0%	-36,5 k €	-5.2%	-34,7 k €	-53.5%	-22,6 k €
Operating result	-616,5 k €	-1082%	-52,2 k €	-43.0%	-36,5 k €	-5.2%	-34,7 k €	-53.5%	-22,6 k €
Net result	1,7 M €	-98.9%	154 M €	+29096%	527,6 k €	-98.9%	47,7 M €	+20788%	-230,7 k €
Balance sheet
Equity	31 M €	+5.8%	29,3 M €	-41.1%	49,9 M €	+1.1%	49,3 M €	+2980%	1,6 M €
Total assets	31,1 M €	-84.7%	203,9 M €	+309%	49,9 M €	+1.0%	49,3 M €	+61.7%	30,5 M €
Cash	289,3 k €	+45.2%	199,3 k €	-37.6%	319,6 k €	-5.9%	339,5 k €	+3682%	9 k €
Debts	99,8 k €	-99.9%	174,5 M €		–		20,8 k €	-99.9%	28,9 M €

Board of directors

Source · NBB, accounts to 03/11/2025

4 active · 18 ended

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Alexis Demarcq	Director	07/06/2023 → 03/11/2025
Denis Dalibot	Director	07/06/2023 → 03/11/2025	0
Gil Denis	Director	07/06/2023 → 03/11/2025	0
John Mertens de Wilmars	Managing director	07/06/2023 → 03/11/2025	0

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Alexis Demarcq	Director	07/06/2023 → 03/06/2026
Denis Dalibot	Director	07/06/2023 → 03/06/2026	0
Gil Denis	Director	07/06/2023 → 03/06/2026	0
John Mertens de Wilmars	Managing director	07/06/2023 → 03/06/2026	0

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	03/11/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	11 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/07/2026	01/07/2025	03/07/2024	20/07/2023	07/06/2022	22/06/2021
General meeting	30/06/2026	04/06/2025	05/06/2024	07/06/2023	01/06/2022	02/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 33 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	03/11/2025	30/06/2026	09/07/2026	French	PDF
Full model	31/12/2024	04/06/2025	01/07/2025	French	PDF
Full model	31/12/2023	05/06/2024	03/07/2024	French	PDF
Full model	31/12/2022	07/06/2023	20/07/2023	French	PDF
Full model	31/12/2021	01/06/2022	07/06/2022	French	PDF
Full model	31/12/2020	02/06/2021	22/06/2021	French	PDF
Full model	31/12/2019	03/06/2020	30/07/2020	French	PDF
Full model	31/12/2018	05/06/2019	30/07/2019	French	PDF
Full model	31/12/2017	06/06/2018	24/07/2018	French	PDF
Full model	31/12/2016	07/06/2017	27/06/2017	French	PDF
Full model	31/12/2015	01/06/2016	07/07/2016	French	PDF
Full model	31/12/2014	03/06/2015	12/07/2015	French	PDF
Full model	31/12/2013	04/06/2014	04/07/2014	French	PDF
Full model	31/12/2012	05/06/2013	04/07/2013	French	PDF
Full model	31/12/2011	06/06/2012	06/07/2012	French	PDF
Full model	31/12/2010	01/06/2011	20/06/2011	French	PDF
Full model	31/12/2009	02/06/2010	09/07/2010	French	PDF
Full model	31/12/2008	03/06/2009	30/07/2009	French	PDF
Full model	31/12/2007	04/06/2008	26/06/2008	French	PDF
Full model	31/12/2006	06/06/2007	28/06/2007	French	PDF
Full model	31/12/2005	07/06/2006	07/08/2006	French	PDF
Full model	31/12/2004	01/06/2005	06/07/2005	French	PDF
Full model	31/12/2003	02/06/2004	05/07/2004	French	PDF
Full model	31/12/2002	04/06/2003	01/07/2003	French	PDF
m930-p	31/12/2001	05/06/2002	28/06/2002	French	PDF
m930-p	31/12/2000	06/06/2001	26/06/2001	French	PDF
m930-p	31/12/1999	07/06/2000	22/06/2000	French	PDF
Full model	31/12/1998	02/06/1999	28/06/1999	French	PDF
Full model	31/12/1997	03/06/1998	06/07/1998	Dutch	—
Full model	31/12/1996	04/06/1997	27/06/1997	Dutch	—
Full model	31/12/1995	05/06/1996	14/06/1996	Dutch	—
Full model	31/12/1994	01/06/1995	08/06/1995	Dutch	—
Full model	31/12/1993	01/06/1994	24/06/1994	Dutch	—

Indicative valuation

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.

Board of directors

Source · NBB, accounts to 03/11/2025

4 active · 18 ended

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Alexis Demarcq	Director	07/06/2023 → 03/11/2025
Denis Dalibot	Director	07/06/2023 → 03/11/2025	0
Gil Denis	Director	07/06/2023 → 03/11/2025	0
John Mertens de Wilmars	Managing director	07/06/2023 → 03/11/2025	0

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Alexis Demarcq	Director	07/06/2023 → 03/06/2026
Denis Dalibot	Director	07/06/2023 → 03/06/2026	0
Gil Denis	Director	07/06/2023 → 03/06/2026	0
John Mertens de Wilmars	Managing director	07/06/2023 → 03/06/2026	0

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring22/12/2025
Constatation de la prise d'effet de la Fusion (telle que définie ci-dessous) -
PDF
Restructuring27/11/2025
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates02/10/2025
Renouvellement du mandat de commissaire - Constatation actionnaire
PDF
Restructuring31/07/2025
Dépôt d'un projet commun de fusion transfrontalière.
PDF
Capital / shares31/07/2025
Dépôt d'un avis aux titulaires d’actions et de parts bénéficiaires, aux
PDF
Mandates02/07/2025
Expiration du mandat du commissaire, et décision concernant le
PDF
Other14/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates10/08/2023
DEMISSIONS, NOMINATIONS
PDF

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A company's peers, by sector and size, are included in the Business plan.

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Timeline

2025
Annual accounts 20251,7 M €↓
2024
Annual accounts 2024154 M €↑
2023
Annual accounts 2023527,6 k €↓
2022
Annual accounts 202247,7 M €↑
2021
Annual accounts 2021-230,7 k €↑
2020
Annual accounts 2020-248,5 k €↑
2019
Annual accounts 2019-334,4 k €↑
2018
Annual accounts 2018-347 k €↑
2017
Annual accounts 2017-815,5 k €↓
2016
Annual accounts 2016-791,1 k €↓
2015
Annual accounts 2015-766 k €↑
2014
Annual accounts 2014-798,5 k €↓
2013
Annual accounts 2013-611,3 k €↑
2012
Annual accounts 2012-653,8 k €↑
2011
Annual accounts 2011-724,9 k €↓
2010
Annual accounts 2010-571,4 k €↓
2009
Annual accounts 20091 M €↑
2008
Annual accounts 2008-244,3 k €

BELHOLDING BELGIUM

Overview

Identity

Financials

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

Timeline