BELFIN
0447.431.504 · rovalta.com · 23/09/2026
ACTIVE
BELFIN
Financial year 2025 · closed on 31/12/2025
Net result
6,3 k €
-39.5% YoY
Gross margin
20,9 k €
-3.2% YoY
Equity
118,9 k €
-7.4% YoY
Overview
What does BELFIN do?
BELFIN is a Private limited company incorporated in 1992. Its main activity is: Management consultancy activities. Its registered office is in Antwerpen.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0447.431.504
Incorporation
20/05/1992
Legal form
Private limited company
Registered office
August Scheyvaertslaan 78
2180 Antwerpen · FlandreSee on map
2180 Antwerpen · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities74142Specialised design activities74879Other professional, scientific and technical activities82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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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 | 20,9 k € | -3.2% | 21,6 k € | -34.6% | 33,1 k € | +134% | 14,2 k € | -78.2% | 65 k € | +21.4% | 53,6 k € | +45.4% | 36,8 k € | -59.2% | 90,2 k € | +8.6% | 83,1 k € | +401% | 16,6 k € | +211% | 5,3 k € | +442% | -1,6 k € | +87.7% | -12,7 k € | -151% | 25,1 k € | +248% | 7,2 k € | +31.4% | 5,5 k € | -16.0% | 6,6 k € | -41.9% | 11,3 k € | -5.4% | 11,9 k € | +101% | 5,9 k € |
| EBITDA | 19,8 k € | -0.3% | 19,9 k € | -36.3% | 31,2 k € | +166% | 11,7 k € | -81.0% | 61,9 k € | +21.3% | 51 k € | +51.8% | 33,6 k € | -61.2% | 86,5 k € | +7.0% | 80,9 k € | +492% | 13,7 k € | +353% | 3 k € | +182% | -3,7 k € | +76.7% | -15,8 k € | -169% | 22,8 k € | +310% | 5,6 k € | +27.0% | 4,4 k € | -11.7% | 5 k € | -52.3% | 10,4 k € | -5.2% | 11 k € | +156% | 4,3 k € |
| Operating result | 15,6 k € | -1.8% | 15,9 k € | -39.7% | 26,4 k € | +267% | 7,2 k € | -87.4% | 57,2 k € | +24.9% | 45,8 k € | +69.5% | 27 k € | -66.7% | 81,2 k € | +8.0% | 75,2 k € | +769% | 8,7 k € | +1678% | -548,4 € | +88.9% | -5 k € | +71.2% | -17,2 k € | -204% | 16,5 k € | +288% | 4,3 k € | +50.2% | 2,8 k € | -24.2% | 3,7 k € | -18.3% | 4,6 k € | +17.0% | 3,9 k € | +527% | -916 € |
| Net result | 6,3 k € | -39.5% | 10,4 k € | -43.5% | 18,4 k € | +2198% | 799,9 € | -97.7% | 34,4 k € | +22.1% | 28,2 k € | +79.3% | 15,7 k € | -71.6% | 55,4 k € | +24.9% | 44,4 k € | +858% | 4,6 k € | +449% | -1,3 k € | +56.8% | -3,1 k € | -324% | 1,4 k € | -82.9% | 8 k € | +1044% | 702,3 € | +310% | 171,1 € | -41.4% | 292,1 € | -80.6% | 1,5 k € | +102% | 745,2 € | +180% | -932,1 € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 118,9 k € | -7.4% | 128,3 k € | -26.0% | 173,4 k € | -9.7% | 192 k € | +0.4% | 191,2 k € | +21.9% | 156,8 k € | +21.9% | 128,6 k € | +13.9% | 112,9 k € | +96.5% | 57,4 k € | +340% | 13,1 k € | +55.0% | 8,4 k € | -13.6% | 9,8 k € | -24.0% | 12,8 k € | +12.0% | 11,5 k € | +21.6% | 9,4 k € | +8.1% | 8,7 k € | +2.0% | 8,5 k € | +3.5% | 8,3 k € | +22.4% | 6,7 k € | +12.4% | 6 k € |
| Total assets | 146,7 k € | -2.6% | 150,7 k € | -17.5% | 182,7 k € | -9.3% | 201,4 k € | -7.5% | 217,8 k € | +12.0% | 194,5 k € | +15.1% | 169,1 k € | +25.5% | 134,7 k € | +74.8% | 77,1 k € | +111% | 36,6 k € | -0.1% | 36,6 k € | -1.1% | 37 k € | -20.5% | 46,5 k € | -52.1% | 97,1 k € | +80.6% | 53,8 k € | +166% | 20,2 k € | +33.6% | 15,2 k € | -20.1% | 19 k € | -28.5% | 26,5 k € | -16.9% | 31,9 k € |
| Cash | 13,7 k € | -1.6% | 13,9 k € | -27.9% | 19,2 k € | -44.9% | 34,9 k € | -51.4% | 71,8 k € | +92.3% | 37,3 k € | +71.5% | 21,8 k € | +79.7% | 12,1 k € | +788% | 1,4 k € | -88.5% | 11,9 k € | +40.2% | 8,5 k € | +4425% | 186,8 € | -97.6% | 7,8 k € | +846% | 820,6 € | +631138% | 0,1 € | -100.0% | 760,3 € | -59.1% | 1,9 k € | +51.8% | 1,2 k € | +86.1% | 658,8 € | -35.5% | 1 k € |
| Debts | 27,8 k € | +24.6% | 22,4 k € | +139% | 9,3 k € | -0.7% | 9,4 k € | -64.7% | 26,7 k € | -29.4% | 37,7 k € | +79.8% | 21 k € | -3.9% | 21,8 k € | +11.3% | 19,6 k € | -16.5% | 23,5 k € | -16.6% | 28,2 k € | +3.4% | 27,3 k € | -19.1% | 33,7 k € | -60.2% | 84,7 k € | +99.1% | 42,5 k € | +269% | 11,5 k € | +88.6% | 6,1 k € | -43.0% | 10,7 k € | -45.9% | 19,8 k € | -23.7% | 25,9 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 6 ended
Active mandates
Katrien Van Miert
ActiveKim Snijders
ActiveEnded mandates
Katrien Van Miert
EndedKim Snijders
EndedKim Snijders
EndedAdriaan Snijders
EndedFinancials
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 | 27/08/2026 | 29/07/2025 | 30/08/2024 | 28/08/2023 | 19/08/2022 | 23/08/2021 |
| General meeting | 30/06/2026 | 31/05/2025 | 30/06/2024 | 30/06/2023 | 30/06/2022 | 30/06/2021 |
| 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 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 30/06/2026 | 27/08/2026 | Dutch | |
| Abridged model | 31/12/2024 | 31/05/2025 | 29/07/2025 | Dutch | |
| Abridged model | 31/12/2023 | 30/06/2024 | 30/08/2024 | Dutch | |
| Abridged model | 31/12/2022 | 30/06/2023 | 28/08/2023 | Dutch | |
| Abridged model | 31/12/2021 | 30/06/2022 | 19/08/2022 | Dutch | |
| Abridged model | 31/12/2020 | 30/06/2021 | 23/08/2021 | Dutch | |
| Abridged model | 31/12/2019 | 30/06/2020 | 20/08/2020 | Dutch | |
| Abridged model | 31/12/2018 | 30/06/2019 | 30/08/2019 | Dutch | |
| Abridged model | 31/12/2017 | 30/06/2018 | 23/08/2018 | Dutch | |
| Abridged model | 31/12/2016 | 19/06/2017 | 18/07/2017 | Dutch | |
| Abridged model | 31/12/2015 | 30/06/2016 | 26/07/2016 | Dutch | |
| Abridged model | 31/12/2014 | 15/06/2015 | 02/07/2015 | Dutch | |
| Abridged model | 31/12/2013 | 30/06/2014 | 29/07/2014 | Dutch | |
| Abridged model | 31/12/2012 | 29/06/2013 | 26/07/2013 | Dutch | |
| Abridged model | 31/12/2011 | 18/06/2012 | 17/07/2012 | Dutch | |
| Abridged model | 31/12/2010 | 20/06/2011 | 13/07/2011 | Dutch | |
| Abridged model | 31/12/2009 | 21/06/2010 | 02/07/2010 | Dutch | |
| Abridged model | 31/12/2008 | 15/06/2009 | 14/07/2009 | Dutch | |
| Abridged model | 31/12/2007 | 16/06/2008 | 11/07/2008 | Dutch | |
| Abridged model | 31/12/2006 | 18/06/2007 | 03/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 k€ and 250 k€
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 6 ended
Active mandates
Katrien Van Miert
ActiveKim Snijders
ActiveEnded mandates
Katrien Van Miert
EndedKim Snijders
EndedKim Snijders
EndedAdriaan Snijders
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20256,3 k €↓
- 2024Annual accounts 202410,4 k €↓
- 2023Annual accounts 202318,4 k €↑
- 2022Annual accounts 2022799,9 €↓
- 2021Annual accounts 202134,4 k €↑
- 2020Annual accounts 202028,2 k €↑
- 2019Annual accounts 201915,7 k €↓
- 2018Annual accounts 201855,4 k €↑
- 2017Annual accounts 201744,4 k €↑
- 2016Annual accounts 20164,6 k €↑
- 2015Annual accounts 2015-1,3 k €↑
- 2014Annual accounts 2014-3,1 k €↓
- 2013Annual accounts 20131,4 k €↓
- 2012Annual accounts 20128 k €↑
- 2011Annual accounts 2011702,3 €↑
- 2010Annual accounts 2010171,1 €↓
- 2009Annual accounts 2009292,1 €↓
- 2008Annual accounts 20081,5 k €↑
- 2007Annual accounts 2007745,2 €↑
- 2006Annual accounts 2006-932,1 €
- 20/05/1992IncorporationPrivate limited company