BELKA
0448.394.574 · rovalta.com · 23/09/2026
ACTIVE
BELKA (SCRL)
Financial year 2025 · closed on 31/12/2025
Net result
305,8 k €
+46.7% YoY
Gross margin
585,2 k €
+36.8% YoY
Equity
855,8 k €
-9.9% YoY
Workforce
1,0 ETP
-23.1% YoY
Overview
What does BELKA do?
BELKA is a Private company with limited liability incorporated in 1992. Its main activity is: Manufacture of bread; manufacture of fresh pastry goods and cakes. Its registered office is in Aalter. It employs on average 1,0 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0448.394.574
Incorporation
02/10/1992
Legal form
Private company with limited liability
Registered office
Steenweg op Deinze 51 box A000
9880 Aalter · FlandreSee on map
9880 Aalter · FlandreSee on map
Contributed capital
30 986,69 €
Latest accounts
31/12/2025
Average workforce
1,0 ETP
Activities (NACE)
10711Manufacture of bread; manufacture of fresh pastry goods and cakes· main10711Manufacture of bread; manufacture of fresh pastry goods and cakes10820Manufacture of cocoa, chocolate and sugar confectionery10820Manufacture of cocoa, chocolate and sugar confectionery15811Manufacture of leather and related products15840Manufacture of leather and related products
Joint committees (2)
- 118
- 201
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 21 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2004 | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||||
| Gross margin | 585,2 k € | +36.8% | 427,8 k € | -5.6% | 453,1 k € | +13.4% | 399,5 k € | +3.2% | 387 k € | +29.6% | 298,5 k € | -36.1% | 466,9 k € | -1.1% | 472,1 k € | +33.7% | 353,2 k € | -22.9% | 458,3 k € | +79.5% | 255,3 k € | -7.6% | 276,4 k € | +2.4% | 270 k € | +18.2% | 228,4 k € | +10.9% | 205,8 k € | -3.9% | 214,3 k € | -24.0% | 282,1 k € | +29.2% | 218,3 k € | +3.2% | 211,5 k € | +7.4% | 196,9 k € | +26.8% | 155,3 k € |
| EBITDA | 514,7 k € | +31.8% | 390,6 k € | -6.5% | 417,7 k € | +10.5% | 378,1 k € | +11.0% | 340,6 k € | +34.5% | 253,1 k € | -34.0% | 383,8 k € | -0.4% | 385,1 k € | +40.4% | 274,4 k € | -29.5% | 389,4 k € | +51.5% | 257,1 k € | +32.5% | 194 k € | -4.6% | 203,4 k € | +29.3% | 157,3 k € | +15.4% | 136,3 k € | +9.8% | 124,1 k € | -24.6% | 164,6 k € | +169% | 61,2 k € | +97.2% | 31 k € | -8.1% | 33,8 k € | +16.7% | 28,9 k € |
| Operating result | 349,9 k € | +45.5% | 240,5 k € | -15.0% | 283 k € | +7.5% | 263,3 k € | +5.5% | 249,6 k € | +43.9% | 173,5 k € | -34.1% | 263,3 k € | -18.8% | 324,4 k € | +45.9% | 222,3 k € | -33.3% | 333,2 k € | +66.9% | 199,6 k € | +29.2% | 154,5 k € | -11.2% | 174 k € | +51.7% | 114,7 k € | +19.7% | 95,8 k € | +27.0% | 75,4 k € | -29.2% | 106,4 k € | +1717% | -6,6 k € | -418% | 2,1 k € | -83.2% | 12,3 k € | +40.9% | 8,8 k € |
| Net result | 305,8 k € | +46.7% | 208,5 k € | -15.7% | 247,4 k € | +5.0% | 235,6 k € | +13.7% | 207,2 k € | +25.8% | 164,7 k € | -35.0% | 253,3 k € | -18.4% | 310,5 k € | +75.0% | 177,5 k € | -38.3% | 287,8 k € | +57.4% | 182,8 k € | +29.3% | 141,4 k € | -16.5% | 169,4 k € | +69.4% | 100 k € | +3.8% | 96,3 k € | +85.9% | 51,8 k € | -33.9% | 78,4 k € | +1126% | 6,4 k € | -52.9% | 13,6 k € | +29.3% | 10,5 k € | +70.4% | 6,2 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||||
| Equity | 855,8 k € | -9.9% | 950 k € | +11.6% | 851,6 k € | +9.3% | 779,2 k € | +14.5% | 680,5 k € | +21.9% | 558,3 k € | +4.6% | 533,6 k € | +4.6% | 510,3 k € | -3.7% | 529,8 k € | +0.5% | 527,4 k € | +2.5% | 514,6 k € | +3.6% | 496,8 k € | +5.6% | 470,4 k € | +6.7% | 441 k € | +2.3% | 431,1 k € | +1.5% | 424,7 k € | +12.7% | 376,7 k € | +24.7% | 302,1 k € | +2.2% | 295,7 k € | +4.8% | 282,1 k € | +8.3% | 260,4 k € |
| Total assets | 1,4 M € | +23.3% | 1,1 M € | -5.2% | 1,2 M € | -3.7% | 1,2 M € | +18.3% | 1,1 M € | +15.0% | 916,3 k € | -3.9% | 953,9 k € | -2.9% | 982,1 k € | +1.3% | 969,1 k € | -11.7% | 1,1 M € | +14.2% | 961,2 k € | +12.7% | 852,7 k € | +1.3% | 841,7 k € | +0.3% | 839,4 k € | +1.7% | 824,9 k € | +8.9% | 757,3 k € | +10.1% | 687,6 k € | +9.5% | 628,2 k € | +59.1% | 394,8 k € | -17.0% | 475,6 k € | +4.1% | 456,9 k € |
| Cash | 652,5 k € | +340% | 148,3 k € | -28.0% | 205,8 k € | -20.3% | 258,1 k € | +6.7% | 241,8 k € | -17.3% | 292,2 k € | -22.1% | 375 k € | -30.7% | 541,3 k € | -0.3% | 542,9 k € | -1.5% | 550,9 k € | +18.2% | 466 k € | +0.1% | 465,4 k € | +43.1% | 325,1 k € | +30.5% | 249,2 k € | -21.0% | 315,6 k € | +13.5% | 278,1 k € | +111% | 131,6 k € | +82.5% | 72,1 k € | -33.6% | 108,6 k € | -1.3% | 110,1 k € | +31.1% | 84 k € |
| Debts | 542,7 k € | +190% | 186,8 k € | -45.9% | 345,5 k € | -24.9% | 459,8 k € | +24.8% | 368,4 k € | +3.4% | 356,1 k € | -15.0% | 418,8 k € | -11.1% | 471 k € | +7.4% | 438,4 k € | -23.0% | 569,2 k € | +28.3% | 443,7 k € | +33.0% | 333,6 k € | -6.2% | 355,8 k € | -8.5% | 389 k € | -1.2% | 393,7 k € | +18.5% | 332,4 k € | +7.0% | 310,6 k € | -4.8% | 326,2 k € | +229% | 99,2 k € | -48.7% | 193,5 k € | -1.5% | 196,5 k € |
| Other | |||||||||||||||||||||||||||||||||||||||||
| Workforce | 1,0 ETP | -23.1% | 1,3 ETP | -31.6% | 1,9 ETP | +46.2% | 1,3 ETP | -38.1% | 2,1 ETP | +5.0% | 2,0 ETP | -37.5% | 3,2 ETP | 0.0% | 3,2 ETP | 0.0% | 3,2 ETP | +18.5% | 2,7 ETP | +125% | 1,2 ETP | -61.3% | 3,1 ETP | +19.2% | 2,6 ETP | +23.8% | 2,1 ETP | 0.0% | 2,1 ETP | -30.0% | 3,0 ETP | -11.8% | 3,4 ETP | -5.6% | 3,6 ETP | -7.7% | 3,9 ETP | +11.4% | 3,5 ETP | +9.4% | 3,2 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 4 ended
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
BETOQAD● Active | 0745.648.896 |
GOMAARLO● Active | 0828.655.657 |
OTF Belgium● Active | 0800.972.550 |
STWOD● Active | 0537.466.805 |
Financials
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 | 17/04/2026 | 30/06/2025 | 09/07/2024 | 07/07/2023 | 04/07/2022 | 08/04/2021 |
| General meeting | 01/04/2026 | 30/05/2025 | 10/06/2024 | 09/06/2023 | 11/06/2022 | 31/03/2021 |
| 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
22 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 01/04/2026 | 17/04/2026 | Dutch | |
| Abridged model | 31/12/2024 | 30/05/2025 | 30/06/2025 | Dutch | |
| Abridged model | 31/12/2023 | 10/06/2024 | 09/07/2024 | Dutch | |
| Abridged model | 31/12/2022 | 09/06/2023 | 07/07/2023 | Dutch | |
| Abridged model | 31/12/2021 | 11/06/2022 | 04/07/2022 | Dutch | |
| Abridged model | 31/12/2020 | 31/03/2021 | 08/04/2021 | Dutch | |
| Abridged model | 31/12/2019 | 29/05/2020 | 10/06/2020 | Dutch | |
| Abridged model | 31/12/2018 | 13/08/2019 | 27/08/2019 | Dutch | |
| Abridged model | 31/12/2017 | 25/05/2018 | 05/06/2018 | Dutch | |
| Abridged model | 31/12/2016 | 26/05/2017 | 08/06/2017 | Dutch | |
| Abridged model | 31/12/2015 | 27/05/2016 | 14/06/2016 | Dutch | |
| Abridged model | 31/12/2014 | 30/06/2015 | 08/07/2015 | Dutch | |
| Abridged model | 31/12/2013 | 30/05/2014 | 12/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 31/05/2013 | 28/06/2013 | Dutch | |
| Abridged model | 31/12/2011 | 25/05/2012 | 25/06/2012 | Dutch | |
| Abridged model | 31/12/2010 | 20/06/2011 | 04/07/2011 | Dutch | |
| Abridged model | 31/12/2009 | 28/05/2010 | 28/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 30/06/2009 | 17/07/2009 | Dutch | |
| Abridged model | 31/12/2007 | 30/05/2008 | 08/10/2008 | Dutch | |
| Abridged model | 31/12/2006 | 25/05/2007 | 30/05/2008 | Dutch | |
| Abridged model | 31/12/2005 | 26/05/2006 | 30/03/2007 | Dutch | |
| Abridged model | 31/12/2004 | 27/05/2005 | 15/12/2008 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 2,5 M€ and 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.
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 · 1 active · 4 ended
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates29/12/2011ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
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 2025305,8 k €↑
- 2024Annual accounts 2024208,5 k €↓
- 2023Annual accounts 2023247,4 k €↑
- 2022Annual accounts 2022235,6 k €↑
- 2021Annual accounts 2021207,2 k €↑
- 2020Annual accounts 2020164,7 k €↓
- 2019Annual accounts 2019253,3 k €↓
- 2018Annual accounts 2018310,5 k €↑
- 2017Annual accounts 2017177,5 k €↓
- 2016Annual accounts 2016287,8 k €↑
- 2015Annual accounts 2015182,8 k €↑
- 2014Annual accounts 2014141,4 k €↓
- 2013Annual accounts 2013169,4 k €↑
- 2012Annual accounts 2012100 k €↑
- 2011Annual accounts 201196,3 k €↑
- 2010Annual accounts 201051,8 k €↓
- 2009Annual accounts 200978,4 k €↑
- 2008Annual accounts 20086,4 k €↓
- 2007Annual accounts 200713,6 k €↑
- 2006Annual accounts 200610,5 k €↑
- 2004Annual accounts 20046,2 k €
- 02/10/1992IncorporationPrivate company with limited liability