ACTIVE

BELWALL

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Financial year 2025 · closed on 31/12/2025

Net result

16,9 k €

+141.7% YoY

Gross margin

243 k €

+77.9% YoY

Equity

41 k €

+69.9% YoY

Workforce

3,4 ETP

-8.1% YoY

What does BELWALL do?

BELWALL is a Private limited company incorporated in 1993. Its registered office is in Mol. It employs on average 3,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.465.723

Incorporation

29/06/1993

Legal form

Private limited company

Registered office

Nijverheidsstraat 18
2400 Mol · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

3,4 ETP

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2008		2007		2006
Income statement
Gross margin	243 k €	+77.9%	136,6 k €	-16.3%	163,1 k €	-21.9%	208,9 k €	+11.0%	188,2 k €	+18.3%	159 k €	+726%	19,3 k €	+137%	8,1 k €	+1113%	669,2 €	+15.3%	580,6 €	+143%	-1,3 k €	-216%	1,2 k €	+154%	-2,1 k €	-158%	-831 €	-238%	604 €	-67.0%	1,8 k €	-42.9%	3,2 k €	-44.5%	5,8 k €
EBITDA	27,6 k €	+195%	-29 k €	-270%	17,1 k €	+8.6%	15,8 k €	-68.9%	50,7 k €	+99.0%	25,5 k €	+36.5%	18,6 k €	+142%	7,7 k €	+2951%	252,7 €	+827%	-34,8 €	+98.2%	-2 k €	-454%	552 €	+122%	-2,6 k €	-106%	-1,2 k €	-1040%	132 €	-86.0%	943 €	-61.8%	2,5 k €	-51.3%	5,1 k €
Operating result	22,5 k €	+163%	-35,9 k €	-462%	9,9 k €	+57.0%	6,3 k €	-85.5%	43,4 k €	+95.2%	22,3 k €	+25.4%	17,7 k €	+130%	7,7 k €	+2951%	252,7 €	+827%	-34,8 €	+98.2%	-2 k €	-454%	552 €	+122%	-2,6 k €	-106%	-1,2 k €	-1040%	132 €	-26.7%	180 €	-70.7%	615 €	-80.9%	3,2 k €
Net result	16,9 k €	+142%	-40,4 k €	-1877%	2,3 k €	+88.7%	1,2 k €	-95.5%	27,1 k €	+168%	10,1 k €	+10.2%	9,2 k €	+89.0%	4,8 k €	+2306%	201,3 €	-44.6%	363,6 €	+122%	-1,6 k €	-264%	993 €	+142%	-2,4 k €	-254%	-672 €	+3.4%	-696 €	-143%	1,6 k €	+474%	280 €	-92.6%	3,8 k €
Balance sheet
Equity	41 k €	+69.9%	24,1 k €	-62.6%	64,6 k €	+3.7%	62,3 k €	+2.0%	61,1 k €	+79.6%	34 k €	+42.2%	23,9 k €	+62.1%	14,8 k €	+48.9%	9,9 k €	+2.1%	9,7 k €	+3.9%	9,3 k €	-14.9%	11 k €	+9.9%	10 k €	-19.2%	12,4 k €	-5.2%	13 k €	-15.4%	15,4 k €	+11.6%	13,8 k €	+2.1%	13,5 k €
Total assets	316,3 k €	+40.7%	224,8 k €	-17.4%	272,1 k €	-14.6%	318,5 k €	+7.0%	297,5 k €	-6.6%	318,5 k €	+38.2%	230,5 k €	+230%	69,9 k €	+290%	17,9 k €	-29.9%	25,6 k €	+172%	9,4 k €	-14.8%	11 k €	+8.2%	10,2 k €	-26.9%	14 k €	-24.6%	18,5 k €	+6.9%	17,3 k €	+6.2%	16,3 k €	+16.3%	14 k €
Cash	7 k €	-74.6%	27,4 k €	+0.6%	27,2 k €	+75.8%	15,5 k €	+70.9%	9,1 k €	-92.2%	116,9 k €	+62.4%	72 k €	+256%	20,2 k €	+1150%	1,6 k €	-79.0%	7,7 k €	+1497%	483 €	-69.9%	1,6 k €	+16.5%	1,4 k €	+131%	594 €	-57.1%	1,4 k €	+21.0%	1,1 k €	-44.8%	2,1 k €	+19.8%	1,7 k €
Debts	275 k €	+38.8%	198,1 k €	-4.4%	207,3 k €	-19.0%	256,1 k €	+9.1%	234,8 k €	-17.0%	283 k €	+37.0%	206,6 k €	+274%	55,2 k €	+611%	7,8 k €	-51.1%	15,9 k €	+25465%	62 €	+6.9%	58 €	-73.5%	219 €	-86.3%	1,6 k €	-70.7%	5,5 k €	+188%	1,9 k €	-23.8%	2,5 k €	+406%	493 €
Other
Workforce	3,4 ETP	-8.1%	3,7 ETP	-2.6%	3,8 ETP	-2.6%	3,9 ETP	+11.4%	3,5 ETP	+34.6%	2,6 ETP		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

NALO BOUW

Director · since 19 mars 2018 · 0838.187.787

Represented by Werner Van Orshaegen

Active

BELBUILD

Director · since 15 juin 2015 · 0600.932.816

Represented by Hugo Knevels

Active

Ended mandates

NALO BOUW

Manager · since 19 mars 2018 · 0838.187.787

Represented by Werner Van Orshaegen

Ended

BELBUILD

Manager · since 15 juin 2015 · 0600.932.816

Represented by Hugo Knevels

Ended

Lisette Duisters

Manager · since 29 juin 1993

Ended

LISETTE DUISTERS

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
2Bro Trading● Active	0764.724.244
ROUX MOL● Active	0742.741.074

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	30/08/2026	31/07/2025	30/09/2024	18/08/2023	12/08/2022	27/08/2021
General meeting	19/06/2026	20/06/2025	23/09/2024	16/06/2023	17/06/2022	18/06/2021
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

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	30/08/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	31/07/2025	Dutch	PDF
Abridged model	31/12/2023	23/09/2024	30/09/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	18/08/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	12/08/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	27/08/2021	Dutch	PDF
Abridged model	31/12/2019	19/06/2020	27/08/2020	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	20/08/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	23/08/2018	Dutch	PDF
Abridged model	31/12/2016	19/05/2017	18/08/2017	Dutch	PDF
Abridged model	31/12/2015	20/05/2016	12/08/2016	Dutch	PDF
Abridged model	31/12/2014	15/05/2015	12/08/2015	Dutch	PDF
Abridged model	31/12/2013	16/05/2014	18/08/2014	Dutch	PDF
Abridged model	31/12/2012	17/05/2013	20/08/2013	Dutch	PDF
Abridged model	31/12/2011	05/11/2012	21/12/2012	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	26/11/2011	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	02/12/2009	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	30/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

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 · 2 active · 6 ended

Active mandates

NALO BOUW

Director · since 19 mars 2018 · 0838.187.787

Represented by Werner Van Orshaegen

Active

BELBUILD

Director · since 15 juin 2015 · 0600.932.816

Represented by Hugo Knevels

Active

Ended mandates

NALO BOUW

Manager · since 19 mars 2018 · 0838.187.787

Represented by Werner Van Orshaegen

Ended

BELBUILD

Manager · since 15 juin 2015 · 0600.932.816

Represented by Hugo Knevels

Ended

Lisette Duisters

Manager · since 29 juin 1993

Ended

LISETTE DUISTERS

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office11/02/2026
MAATSCHAPPELIJKE ZETEL
PDF
Mandates24/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/04/2018
BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/12/2016
BENAMING - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates31/03/2016
MAATSCHAPPELIJKE ZETEL - 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 202516,9 k €↑
2024
Annual accounts 2024-40,4 k €↓
2023
Annual accounts 20232,3 k €↑
2022
Annual accounts 20221,2 k €↓
2021
Annual accounts 202127,1 k €↑
2020
Annual accounts 202010,1 k €↑
2019
Annual accounts 20199,2 k €↑
2018
Annual accounts 20184,8 k €↑
2017
Annual accounts 2017201,3 €↓
2016
Annual accounts 2016363,6 €↑
2015
Annual accounts 2015-1,6 k €↓
2014
Annual accounts 2014993 €↑
2013
Annual accounts 2013-2,4 k €↓
2012
Annual accounts 2012-672 €↑
2011
Annual accounts 2011-696 €↓
2008
Annual accounts 20081,6 k €↑
2007
Annual accounts 2007280 €↓
2006
Annual accounts 20063,8 k €
29/06/1993
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

BELWALL

Overview

What does BELWALL do?

Trend over 18 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