ACTIVE

BELUC

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Financial year 2025 · closed on 30/09/2025

Net result

-6,7 k €

-141.2% YoY

Gross margin

102,5 k €

+19.7% YoY

Equity

849,5 k €

-0.8% YoY

What does BELUC do?

BELUC is a Private limited company incorporated in 1993. Its registered office is in Waasmunster.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.787.605

Incorporation

27/08/1993

Legal form

Private limited company

Registered office

Europastraat 14
9250 Waasmunster · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

30/09/2025

Signals

Solid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	102,5 k €	+19.7%	85,6 k €	+32.4%	64,7 k €	-29.8%	92,1 k €	+22.9%	74,9 k €	-46.9%	141,1 k €	-16.0%	168 k €	+81.2%	92,7 k €	-14.9%	108,9 k €	+1.3%	107,5 k €	+17.8%	91,3 k €	+40.0%	65,2 k €	-42.8%	114 k €	-5.1%	120,1 k €	-19.8%	149,9 k €	+7.5%	139,4 k €
EBITDA	84 k €	+23.3%	68,1 k €	+44.5%	47,2 k €	-38.2%	76,3 k €	+29.7%	58,8 k €	-58.5%	141,7 k €	-7.8%	153,6 k €	+111%	72,8 k €	+16.5%	62,5 k €	-2.7%	64,3 k €	-19.1%	79,5 k €	+57.2%	50,6 k €	-62.6%	135,2 k €	+137%	57,1 k €	-49.1%	112,3 k €	-14.5%	131,3 k €
Operating result	2,9 k €	-91.1%	33 k €	+177%	11,9 k €	-71.4%	41,7 k €	-51.0%	85,2 k €	-12.9%	97,7 k €	-12.4%	111,6 k €	+378%	23,3 k €	+19.9%	19,5 k €	-21.6%	24,8 k €	-33.5%	37,4 k €	+3052%	1,2 k €	-98.7%	89,9 k €	+162%	34,3 k €	-61.6%	89,2 k €	-15.5%	105,5 k €
Net result	-6,7 k €	-141%	16,2 k €	+313%	-7,6 k €	-135%	21,9 k €	-58.1%	52,1 k €	+30.8%	39,9 k €	-18.2%	48,7 k €	+2229%	2,1 k €	+218%	-1,8 k €	-2351%	78,8 €	-99.4%	13,8 k €	+167%	-20,5 k €	-224%	16,6 k €	+34.3%	12,3 k €	-76.8%	53,3 k €	-3.5%	55,3 k €
Balance sheet
Equity	849,5 k €	-0.8%	856,2 k €	+1.9%	840 k €	-0.9%	847,6 k €	+2.6%	825,7 k €	+58.1%	522,4 k €	-40.3%	874,5 k €	+9.1%	801,5 k €	+78.4%	449,4 k €	-0.4%	451,1 k €	+0.0%	451,1 k €	+3.2%	437,2 k €	-4.5%	457,7 k €	+3.8%	441,1 k €	+2.9%	428,8 k €	+14.2%	375,5 k €
Total assets	1,3 M €	+36.8%	965,6 k €	-0.1%	966,5 k €	-6.2%	1 M €	-5.1%	1,1 M €	-28.7%	1,5 M €	-6.1%	1,6 M €	+19.2%	1,4 M €	+39.6%	975,7 k €	-2.0%	995,6 k €	-2.4%	1 M €	-5.8%	1,1 M €	-2.7%	1,1 M €	+34.4%	827,6 k €	+6.0%	780,6 k €	+0.4%	777,3 k €
Cash	4,9 k €	-90.0%	48,7 k €	+146%	19,8 k €	-48.6%	38,5 k €	-34.4%	58,7 k €	+66.2%	35,3 k €	-42.3%	61,2 k €	+292%	15,6 k €	+89.2%	8,3 k €	+106%	4 k €	-59.4%	9,9 k €	-1.5%	10 k €	+46.1%	6,9 k €	+63.0%	4,2 k €	-89.7%	40,9 k €	-25.1%	54,6 k €
Debts	456,8 k €	+330%	106,2 k €	-14.2%	123,7 k €	-31.2%	179,8 k €	-30.1%	257,1 k €	-70.1%	860,6 k €	+47.3%	584,3 k €	+44.9%	403,2 k €	+7.4%	375,4 k €	-12.7%	430,3 k €	-11.5%	485,9 k €	-14.1%	565,8 k €	-2.7%	581,4 k €	+105%	283,3 k €	-6.5%	302,9 k €	-20.6%	381,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 11 ended

Active mandates

Belphine De Wilde

Director

Active

Guillaume De Wilde

Director

Active

Hilde Cnudde

Director

Active

Ended mandates

Guy De Wilde

Manager · since 18 décembre 2014

Ended

Hilde Cnudde

Manager · since 18 décembre 2014

Ended

Guy De Wilde

Managing director · since 11 mars 2011 · until 10 mars 2017

Ended

Hilde Cnudde

Managing director · since 11 mars 2011 · until 10 mars 2017

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/04/2026	11/04/2025	11/03/2024	27/04/2023	27/04/2022	29/04/2021
General meeting	28/03/2026	14/03/2025	08/03/2024	30/03/2023	30/03/2022	01/04/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	28/03/2026	17/04/2026	Dutch	PDF
Micro model	30/09/2024	14/03/2025	11/04/2025	Dutch	PDF
Micro model	30/09/2023	08/03/2024	11/03/2024	Dutch	PDF
Micro model	30/09/2022	30/03/2023	27/04/2023	Dutch	PDF
Micro model	30/09/2021	30/03/2022	27/04/2022	Dutch	PDF
Micro model	30/09/2020	01/04/2021	29/04/2021	Dutch	PDF
Micro model	30/09/2019	27/03/2020	11/05/2020	Dutch	PDF
Abridged model	30/09/2018	25/03/2019	18/04/2019	Dutch	PDF
Abridged model	30/09/2017	09/03/2018	16/03/2018	Dutch	PDF
Abridged model	30/09/2016	30/03/2017	18/04/2017	Dutch	PDF
Abridged model	30/09/2015	17/03/2016	21/03/2016	Dutch	PDF
Abridged model	30/09/2014	13/03/2015	16/03/2015	Dutch	PDF
Abridged model	30/09/2013	14/03/2014	17/03/2014	Dutch	PDF
Abridged model	30/09/2012	08/03/2013	20/03/2013	Dutch	PDF
Abridged model	30/09/2011	09/03/2012	21/03/2012	Dutch	PDF
Abridged model	30/09/2010	11/03/2011	21/03/2011	Dutch	PDF
Abridged model	30/09/2009	12/03/2010	22/03/2010	Dutch	PDF
Abridged model	30/09/2008	13/03/2009	31/03/2009	Dutch	PDF
Abridged model	30/09/2007	14/03/2008	31/03/2008	Dutch	PDF
Abridged model	30/09/2006	09/03/2007	15/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 30/09/2025 · 3 active · 11 ended

Active mandates

Belphine De Wilde

Director

Active

Guillaume De Wilde

Director

Active

Hilde Cnudde

Director

Active

Ended mandates

Guy De Wilde

Manager · since 18 décembre 2014

Ended

Hilde Cnudde

Manager · since 18 décembre 2014

Ended

Guy De Wilde

Managing director · since 11 mars 2011 · until 10 mars 2017

Ended

Hilde Cnudde

Managing director · since 11 mars 2011 · until 10 mars 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/05/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares16/01/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares20/01/2015
DOEL - KAPITAAL - AANDELEN - WIJZIGING RECHTSVORM
PDF
Mandates31/03/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/08/2005
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 2025-6,7 k €↓
2024
Annual accounts 202416,2 k €↑
2023
Annual accounts 2023-7,6 k €↓
2022
Annual accounts 202221,9 k €↓
2021
Annual accounts 202152,1 k €↑
2018
Annual accounts 201839,9 k €↓
2017
Annual accounts 201748,7 k €↑
2015
Annual accounts 20152,1 k €↑
2014
Annual accounts 2014-1,8 k €↓
2013
Annual accounts 201378,8 €↓
2012
Annual accounts 201213,8 k €↑
2011
Annual accounts 2011-20,5 k €↓
2010
Annual accounts 201016,6 k €↑
2009
Annual accounts 200912,3 k €↓
2008
Annual accounts 200853,3 k €↓
2007
Annual accounts 200755,3 k €
27/08/1993
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

BELUC

Overview

What does BELUC do?

Trend over 16 financial years

Indicative valuation

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