ACTIVE

BERCOLEASE

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Financial year 2025 · closed on 31/12/2025

Net result

703,8 k €

-3.3% YoY

Revenue

1 M €

+3.2% YoY

Equity

508,3 k €

-6.6% YoY

What does BERCOLEASE do?

BERCOLEASE is a Public limited company incorporated in 1993. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Waregem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.706.927

Incorporation

13/12/1993

Legal form

Public limited company

Registered office

Kalkhoevestraat 16 box 0.1
8790 Waregem · FlandreSee on map

Contributed capital

462 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 70203Management consultancy activities

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	1 M €	+3.2%	998,9 k €	+3.2%	967,5 k €	+8.4%	892,7 k €	+5.7%	844,6 k €	+0.6%	839,4 k €	+22.0%	687,8 k €		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	958,5 k €	+3.0%	930,2 k €	+2.2%	910,6 k €	+8.6%	838,2 k €	+6.1%	789,8 k €	+0.5%	786 k €	+25.7%	625,5 k €	+1204%	-56,7 k €	-6.0%	-53,5 k €	-0.1%	-53,4 k €	+4.1%	-55,6 k €	-5.6%	-52,7 k €	-0.4%	-52,5 k €	+0.1%	-52,5 k €	-0.7%	-52,1 k €	-0.6%	-51,9 k €	-0.0%	-51,8 k €	+0.9%	-52,3 k €	+10.4%	-58,4 k €
Operating result	942,5 k €	+1.6%	927,4 k €	+1.8%	910,6 k €	+8.6%	838,2 k €	+6.1%	789,8 k €	+0.5%	786 k €	+25.7%	625,5 k €	+1204%	-56,7 k €	-6.0%	-53,5 k €	-0.1%	-53,4 k €	+4.1%	-55,6 k €	-5.6%	-52,7 k €	-0.4%	-52,5 k €	+0.1%	-52,5 k €	-0.7%	-52,1 k €	-0.6%	-51,9 k €	-0.0%	-51,8 k €	+0.9%	-52,3 k €	+10.4%	-58,4 k €
Net result	703,8 k €	-3.3%	727,6 k €	+5.6%	689 k €	+12.1%	614,4 k €	+4.0%	591 k €	+5.1%	562,1 k €	+23.0%	457,1 k €	+1317%	-37,5 k €	-157%	-14,6 k €	-428%	4,5 k €	-76.9%	19,3 k €	-33.0%	28,8 k €	-16.9%	34,7 k €	+0.4%	34,6 k €	-14.9%	40,6 k €	-29.9%	58 k €	-21.4%	73,7 k €	+508%	12,1 k €	+644%	-2,2 k €
Balance sheet
Equity	508,3 k €	-6.6%	544,5 k €	+5.3%	516,9 k €	-0.2%	518 k €	-6.4%	553,6 k €	+8.0%	512,5 k €	-3.4%	530,4 k €	-21.2%	673,4 k €	-5.3%	710,9 k €	-2.0%	725,5 k €	+0.6%	721,1 k €	+1.9%	707,8 k €	+2.7%	688,9 k €	+3.6%	665,2 k €	+0.5%	661,7 k €	+4.4%	634,1 k €	+6.4%	596,1 k €	+9.9%	542,4 k €	+2.3%	530,3 k €
Total assets	1,5 M €	-14.8%	1,8 M €	+22.9%	1,5 M €	+5.4%	1,4 M €	+25.8%	1,1 M €	-14.2%	1,3 M €	-0.8%	1,3 M €	+92.4%	679,9 k €	-4.8%	714,5 k €	-7.8%	775,3 k €	-29.8%	1,1 M €	-20.3%	1,4 M €	-18.2%	1,7 M €	-15.4%	2 M €	-13.3%	2,3 M €	-11.8%	2,6 M €	-10.5%	2,9 M €	-8.1%	3,2 M €	-8.8%	3,5 M €
Cash	467,5 k €	+84.7%	253,1 k €	-14.1%	294,6 k €	-72.3%	1,1 M €	+10.1%	965,9 k €	-16.2%	1,2 M €	-1.0%	1,2 M €	+127%	512,8 k €	+103%	252,2 k €		–		–		–		–		–		–		–		–		–		–
Debts	1 M €	-18.3%	1,3 M €	+32.0%	960,4 k €	+8.7%	883,6 k €	+57.6%	560,5 k €	-28.5%	783,8 k €	+0.7%	778,1 k €	+11728%	6,6 k €	+81.7%	3,6 k €	-92.7%	49,8 k €	-86.9%	381,1 k €	-43.7%	677,3 k €	-32.5%	1 M €	-24.8%	1,3 M €	-18.8%	1,6 M €	-17.0%	2 M €	-14.8%	2,3 M €	-12.0%	2,6 M €	-10.6%	3 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 22 ended

Active mandates

BEAULIEU INTERNATIONAL GROUP

Director · since 24 juin 2023 · until 23 juin 2029 · 0442.824.497

Represented by Francis De Clerck

Active

Ended mandates

D-Management

Director · since 24 juin 2023 · until 23 juin 2029 · 0843.702.832

Represented by Danny Van D'Huynslager

Ended

BELGOTEX INTERNATIONAL

Director · since 30 juin 2020 · until 27 juin 2026 · 0447.505.441

Represented by Stefaan Colle

Ended

BELGOTEX INTERNATIONAL

Director · since 30 juin 2020 · until 27 juin 2026 · 0447.505.441

Represented by Stefaan Colle

Ended

BEAULIEU INTERNATIONAL GROUP

Director · since 24 juin 2017 · until 24 juin 2023 · 0442.824.497

Represented by Francis De Clerck

Ended

At this address

Other companies at this address

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BEAULIEU FABRICS● Active	0413.609.681
BEAULIEU ICT● Active	0469.588.678
BEAULIEU INTERNATIONAL GROUP● Active	0442.824.497
Beaulieu International P2● Active	1011.679.514
Beaulieu Real Estate● Active	0415.327.571
Beaulieu Residential● Active	1011.123.941
BELOS● Active	0402.238.214
BURCHTDAM● Active	0418.377.232
GOED TER LEMBEEK● Active	0446.088.152
INTERDEKO● Active	0416.043.094
Magnifield Europe● Active	0421.439.363
OOSTIMMO● Active	0415.479.704
Schneider Electric ESS● Active	0883.044.151
UNIT BEAULIEU● Active	0716.745.371

Annual accounts

Full financial information

	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	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	29/06/2026	30/06/2025	04/07/2024	27/06/2023	27/06/2022	28/06/2021
General meeting	27/06/2026	28/06/2025	29/06/2024	24/06/2023	25/06/2022	26/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	27/06/2026	29/06/2026	Dutch	PDF
Full model	31/12/2024	28/06/2025	30/06/2025	Dutch	PDF
Full model	31/12/2023	29/06/2024	04/07/2024	Dutch	PDF
Full model	31/12/2022	24/06/2023	27/06/2023	Dutch	PDF
Full model	31/12/2021	25/06/2022	27/06/2022	Dutch	PDF
Full model	31/12/2020	26/06/2021	28/06/2021	Dutch	PDF
Full model	31/12/2019	27/06/2020	30/06/2020	Dutch	PDF
Full model	31/12/2018	29/06/2019	05/07/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	02/07/2018	Dutch	PDF
Full model	31/12/2016	24/06/2017	28/06/2017	Dutch	PDF
Full model	31/12/2015	25/06/2016	28/06/2016	Dutch	PDF
Full model	31/12/2014	27/06/2015	30/06/2015	Dutch	PDF
Full model	31/12/2013	28/06/2014	07/07/2014	Dutch	PDF
Full model	31/12/2012	29/06/2013	18/07/2013	Dutch	PDF
Full model	31/12/2011	30/06/2012	02/07/2012	Dutch	PDF
Full model	31/12/2010	25/06/2011	04/07/2011	Dutch	PDF
Full model	31/12/2009	26/06/2010	30/06/2010	Dutch	PDF
Full model	31/12/2008	27/06/2009	03/07/2009	Dutch	PDF
Full model	31/12/2007	28/06/2008	10/07/2008	Dutch	PDF
Full model	31/12/2006	30/06/2007	12/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

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 · 1 active · 22 ended

Active mandates

BEAULIEU INTERNATIONAL GROUP

Director · since 24 juin 2023 · until 23 juin 2029 · 0442.824.497

Represented by Francis De Clerck

Active

Ended mandates

D-Management

Director · since 24 juin 2023 · until 23 juin 2029 · 0843.702.832

Represented by Danny Van D'Huynslager

Ended

BELGOTEX INTERNATIONAL

Director · since 30 juin 2020 · until 27 juin 2026 · 0447.505.441

Represented by Stefaan Colle

Ended

BELGOTEX INTERNATIONAL

Director · since 30 juin 2020 · until 27 juin 2026 · 0447.505.441

Represented by Stefaan Colle

Ended

BEAULIEU INTERNATIONAL GROUP

Director · since 24 juin 2017 · until 24 juin 2023 · 0442.824.497

Represented by Francis De Clerck

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/08/2026
HERBENOEMING COMMISSARIS
PDF
Mandates08/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other05/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL
PDF
Mandates23/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office15/07/2019
MAATSCHAPPELIJKE ZETEL
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 2025703,8 k €↓
2024
Annual accounts 2024727,6 k €↑
2023
Annual accounts 2023689 k €↑
2022
Annual accounts 2022614,4 k €↑
2021
Annual accounts 2021591 k €↑
2020
Annual accounts 2020562,1 k €↑
2019
Annual accounts 2019457,1 k €↑
2018
Annual accounts 2018-37,5 k €↓
2017
Annual accounts 2017-14,6 k €↓
2016
Annual accounts 20164,5 k €↓
2015
Annual accounts 201519,3 k €↓
2014
Annual accounts 201428,8 k €↓
2013
Annual accounts 201334,7 k €↑
2012
Annual accounts 201234,6 k €↓
2011
Annual accounts 201140,6 k €↓
2010
Annual accounts 201058 k €↓
2009
Annual accounts 200973,7 k €↑
2008
Annual accounts 200812,1 k €↑
2007
Annual accounts 2007-2,2 k €
13/12/1993
IncorporationPublic 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

BERCOLEASE

Overview

What does BERCOLEASE do?

Trend over 19 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