ACTIVE

BELGINOVA

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Financial year 2025 · closed on 31/03/2025

Net result

-25,9 k €

+28.1% YoY

Gross margin

10,1 k €

-88.2% YoY

Equity

-497,3 k €

-5.5% YoY

What does BELGINOVA do?

BELGINOVA is a Public limited company incorporated in 1994. Its main activity is: Manufacture of other outerwear. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.405.129

Incorporation

07/04/1994

Legal form

Public limited company

Registered office

Doornikserijksweg(Bel) 12
8510 Kortrijk · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/03/2025

Activities (NACE)

14130Manufacture of other outerwear· main 14210Manufacture of articles of fur

Joint committees (1)

Signals

Positive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	10,1 k €	-88.2%	85,8 k €	+399%	17,2 k €	+176%	-22,7 k €	-160%	38,1 k €	+122%	-169,6 k €	-859%	22,3 k €	+131%	-73,2 k €	-200%	73,1 k €	+91.0%	38,3 k €	+126%	-145,6 k €	-258%	92,1 k €	+29.6%	71 k €	+244%	20,6 k €	+678%	2,7 k €	-12.8%	3 k €	+115%	-20,8 k €	-65.5%	-12,6 k €		–
EBITDA	9,6 k €	-88.6%	83,7 k €	+422%	16 k €	+167%	-24 k €	-173%	32,7 k €	+119%	-171,3 k €	-904%	21,3 k €	+129%	-74,3 k €	-203%	72 k €	+94.3%	37,1 k €	+120%	-184,7 k €	-495%	46,7 k €	-33.7%	70,5 k €	+251%	20,1 k €	+914%	2 k €	-20.4%	2,5 k €	+112%	-21,5 k €	-61.0%	-13,3 k €	-1889%	-670 €
Operating result	9,6 k €	+2331%	-429 €	-103%	16 k €	+167%	-24 k €	-173%	32,7 k €	+119%	-171,3 k €	-904%	21,3 k €	+128%	-75 k €	-236%	55,2 k €	+183%	19,5 k €	+109%	-209,5 k €	-1242%	18,3 k €	-55.6%	41,4 k €	+4283%	-989 €	-299%	498 €	-50.5%	1 k €	+104%	-22,9 k €	-72.2%	-13,3 k €	-1889%	-670 €
Net result	-25,9 k €	+28.1%	-36 k €	-79.3%	-20,1 k €	+43.1%	-35,3 k €	-324%	15,7 k €	+108%	-189,7 k €	-3310%	5,9 k €	+107%	-81,9 k €	-262%	50,5 k €	+240%	14,9 k €	+106%	-244,9 k €	-14394%	1,7 k €	-94.5%	31,1 k €	+403%	-10,3 k €	-1888%	574 €	+187%	-659 €	+97.2%	-23,4 k €	-94.4%	-12 k €	-34483%	35 €
Balance sheet
Equity	-497,3 k €	-5.5%	-471,4 k €	-8.3%	-435,4 k €	-4.8%	-415,3 k €	-9.3%	-380 k €	+4.0%	-395,8 k €	-92.0%	-206,1 k €	+2.8%	-212 k €	-63.0%	-130,1 k €	+28.0%	-180,6 k €	+7.6%	-195,5 k €	-496%	49,4 k €	+3.6%	47,7 k €	+187%	16,6 k €	-38.2%	26,9 k €	+2.2%	26,3 k €	-2.4%	26,9 k €	-46.5%	50,3 k €	-19.3%	62,4 k €
Total assets	742,6 k €	+19.7%	620,1 k €	-10.3%	691,2 k €	+20.0%	575,8 k €	+17.0%	492 k €	-38.0%	794 k €	+2.5%	774,9 k €	-28.2%	1,1 M €	-3.6%	1,1 M €	+12.2%	997,3 k €	-6.2%	1,1 M €	+23.1%	863,8 k €	+75.1%	493,4 k €	+101%	245,8 k €	+195%	83,2 k €	-58.1%	198,6 k €	+73.2%	114,7 k €	+128%	50,3 k €	-19.8%	62,8 k €
Cash	11,2 k €	-68.5%	35,7 k €	+159%	13,8 k €	-84.5%	89 k €	+707%	11 k €	+37.5%	8 k €	-91.4%	93,7 k €	-67.7%	290,2 k €	-1.0%	293,2 k €	+103%	144,5 k €	+238%	42,7 k €	+17.2%	36,4 k €	+76.8%	20,6 k €	+37.4%	15 k €	+1378%	1 k €	-98.8%	82,4 k €	+407%	16,3 k €	-15.8%	19,3 k €	-69.1%	62,5 k €
Debts	1,2 M €	+13.6%	1,1 M €	-3.1%	1,1 M €	+13.7%	990,2 k €	+13.6%	871,8 k €	-26.7%	1,2 M €	+21.3%	981 k €	-24.0%	1,3 M €	+3.4%	1,2 M €	+6.0%	1,2 M €	-6.4%	1,3 M €	+54.6%	814,4 k €	+82.7%	445,7 k €	+94.7%	228,9 k €	+306%	56,3 k €	-67.3%	172,3 k €	+108%	82,8 k €		–		378 €
Other
Workforce	–		–		–		–		–		–		–		–		–		0,0 ETP	-100%	0,7 ETP	-50.0%	1,4 ETP		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 8 ended

Active mandates

Karim Redjal

Managing director · until 22 septembre 2025

Active

Pol Speleers

Director · until 22 septembre 2025

Active

Ended mandates

Pol Speleers

Director · since 26 janvier 2007 · until 30 juin 2012

Ended

Rony De Busschere

Director · since 26 janvier 2007 · until 30 juin 2012

Ended

Karim Redjal

Managing director · until 30 juin 2012

Ended

Karim Redjal

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
ASTRIDMEER● Active	0433.718.771
BOXTER● Active	0460.686.355
PROMECO● Active	0454.546.354

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/01/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	15 months
Filing date	07/10/2025	07/10/2024	26/10/2023	17/11/2022	05/10/2021	23/11/2020
General meeting	22/09/2025	23/09/2024	25/09/2023	26/09/2022	27/09/2021	28/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	22/09/2025	07/10/2025	Dutch	PDF
Micro model	31/03/2024	23/09/2024	07/10/2024	Dutch	PDF
Micro model	31/03/2023	25/09/2023	26/10/2023	Dutch	PDF
Micro model	31/03/2022	26/09/2022	17/11/2022	Dutch	PDF
Abridged model	31/03/2021	27/09/2021	05/10/2021	Dutch	PDF
Abridged model	31/03/2020	28/09/2020	23/11/2020	Dutch	PDF
Abridged model	31/12/2018	24/06/2019	25/06/2019	Dutch	PDF
Abridged model	31/12/2017	26/06/2018	03/07/2018	Dutch	PDF
Abridged model	31/12/2016	26/06/2017	18/07/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	24/08/2016	Dutch	PDF
Abridged model	31/12/2014	22/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	23/06/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	24/06/2013	27/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	27/06/2011	16/08/2011	Dutch	PDF
Abridged model	31/12/2009	28/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	22/06/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	23/06/2008	22/09/2008	Dutch	PDF
Abridged model	31/12/2006	25/06/2007	30/08/2007	Dutch	PDF

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.

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 31/03/2025 · 2 active · 8 ended

Active mandates

Karim Redjal

Managing director · until 22 septembre 2025

Active

Pol Speleers

Director · until 22 septembre 2025

Active

Ended mandates

Pol Speleers

Director · since 26 janvier 2007 · until 30 juin 2012

Ended

Rony De Busschere

Director · since 26 janvier 2007 · until 30 juin 2012

Ended

Karim Redjal

Managing director · until 30 juin 2012

Ended

Karim Redjal

Managing director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/11/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates13/11/2015
ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/01/2010
MAATSCHAPPELIJKE ZETEL
PDF
Other21/03/2007
DIVERSEN
PDF
Mandates21/02/2007
BENAMING - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office13/11/2003
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 2025-25,9 k €↑
2024
Annual accounts 2024-36 k €↓
2023
Annual accounts 2023-20,1 k €↑
2022
Annual accounts 2022-35,3 k €↓
2021
Annual accounts 202115,7 k €↑
2020
Annual accounts 2020-189,7 k €↓
2018
Annual accounts 20185,9 k €↑
2017
Annual accounts 2017-81,9 k €↓
2016
Annual accounts 201650,5 k €↑
2015
Annual accounts 201514,9 k €↑
2014
Annual accounts 2014-244,9 k €↓
2013
Annual accounts 20131,7 k €↓
2012
Annual accounts 201231,1 k €↑
2011
Annual accounts 2011-10,3 k €↓
2010
Annual accounts 2010574 €↑
2009
Annual accounts 2009-659 €↑
2008
Annual accounts 2008-23,4 k €↓
2007
Annual accounts 2007-12 k €↓
2006
Annual accounts 200635 €
07/04/1994
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

BELGINOVA

Overview

What does BELGINOVA 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