ACTIVE

BELLIM

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Financial year 2025 · closed on 31/12/2025

Net result

18,1 k €

+3398.6% YoY

Gross margin

110,3 k €

+14.8% YoY

Equity

1,1 M €

+1.6% YoY

What does BELLIM do?

BELLIM is a Public limited company incorporated in 1994. Its registered office is in Genappe.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.711.866

Incorporation

27/04/1994

Legal form

Public limited company

Registered office

Rue de la Forge 10
1470 Genappe · WallonieSee on map

Contributed capital

146 257,19 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	110,3 k €	+14.8%	96,1 k €	+128%	42,1 k €	-20.0%	52,6 k €	+12.8%	46,7 k €	+15.6%	40,4 k €	-22.1%	51,8 k €	+29.5%	40 k €	-14.9%	47,1 k €	+10.4%	42,6 k €	-12.1%	48,5 k €	-15.1%	57,1 k €	-2.6%	58,7 k €	+31.3%	44,7 k €	-7.0%	48,1 k €	+6.1%	45,3 k €	-21.2%	57,5 k €	+15.0%	50 k €	-2.5%	51,2 k €	+5.2%	48,7 k €
EBITDA	100,7 k €	+16.0%	86,8 k €	+223%	26,8 k €	-45.4%	49,1 k €	+14.7%	42,8 k €	+17.7%	36,4 k €	-24.5%	48,2 k €	+32.2%	36,4 k €	-16.1%	43,4 k €	+11.3%	39 k €	-13.4%	45,1 k €	-16.2%	53,8 k €	-2.7%	55,3 k €	+34.5%	41,1 k €	-9.0%	45,2 k €	+6.4%	42,5 k €	-21.8%	54,3 k €	+15.0%	47,2 k €	-3.3%	48,9 k €	+8.5%	45 k €
Operating result	42,8 k €	+3.3%	41,5 k €	+167%	-62,2 k €	-451%	17,7 k €	+56.5%	11,3 k €	+127%	5 k €	-70.4%	16,8 k €	+63.7%	10,3 k €	-39.9%	17,1 k €	+38.8%	12,3 k €	-29.0%	17,4 k €	-31.6%	25,4 k €	-0.5%	25,5 k €	+121%	11,6 k €	-28.9%	16,2 k €	+19.7%	13,6 k €	-47.2%	25,7 k €	+42.6%	18 k €	-9.0%	19,8 k €	+643%	-3,6 k €
Net result	18,1 k €	+3399%	-548,7 €	+99.3%	-80,1 k €	-1468%	5,9 k €	+489%	994,3 €	+122%	-4,4 k €	-151%	8,8 k €	-84.5%	56,5 k €	+3102%	1,8 k €	-50.0%	3,5 k €	-62.9%	9,5 k €	-36.6%	15 k €	+16.8%	12,8 k €	+382%	-4,5 k €	+94.4%	-81 k €	-39.0%	-58,3 k €	-1993%	3,1 k €	+143%	-7,1 k €	-4.7%	-6,8 k €	+83.5%	-41,4 k €
Balance sheet
Equity	1,1 M €	+1.6%	1,1 M €	+113%	532,1 k €	-13.1%	612,2 k €	+1.0%	606,3 k €	+0.2%	605,3 k €	-0.7%	609,8 k €	+1.5%	601 k €	+10.4%	544,5 k €	+0.3%	542,7 k €	+0.7%	539,2 k €	+1.8%	529,7 k €	+2.9%	514,7 k €	+2.6%	501,9 k €	-0.9%	506,4 k €	-34.8%	776,7 k €	-7.0%	835 k €	+0.4%	831,9 k €	-0.9%	839 k €	-0.8%	845,9 k €
Total assets	1,9 M €	-1.1%	1,9 M €	+43.7%	1,3 M €	+36.7%	973,4 k €	-1.2%	984,8 k €	-1.5%	999,3 k €	-4.3%	1 M €	-1.9%	1,1 M €	-2.2%	1,1 M €	+58.8%	685 k €	-7.9%	743,8 k €	-5.9%	790,6 k €	-7.9%	858,6 k €	-5.7%	910,9 k €	-4.1%	950,3 k €	-29.3%	1,3 M €	-9.4%	1,5 M €	+0.3%	1,5 M €	-2.6%	1,5 M €	-3.4%	1,6 M €
Cash	10,6 k €	+3322%	310,4 €	-96.2%	8,2 k €	-22.7%	10,6 k €	+17.2%	9 k €	-8.5%	9,9 k €	-58.2%	23,6 k €	+39.4%	16,9 k €	+78.6%	9,5 k €	-89.8%	93,3 k €	+425%	17,8 k €	-51.1%	36,3 k €	+113%	17,1 k €	-58.8%	41,4 k €	+178%	14,9 k €	-52.9%	31,6 k €	+3.9%	30,4 k €	+9.0%	27,9 k €	+115%	13 k €	-28.5%	18,2 k €
Debts	739,7 k €	-5.2%	779,9 k €	-2.3%	798,3 k €	+121%	361,3 k €	-4.5%	378,5 k €	-3.9%	394 k €	-9.3%	434,2 k €	-6.2%	463 k €	-14.8%	543,4 k €	+282%	142,3 k €	-30.5%	204,6 k €	-21.6%	260,9 k €	-24.1%	343,9 k €	-13.4%	397,2 k €	-8.0%	431,9 k €	-22.1%	554,1 k €	-12.8%	635,3 k €	+0.4%	633,1 k €	-5.0%	666 k €	-6.4%	711,3 k €

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

AXIAL INVEST

Director · since 07 avril 2017 · until 10 juin 2027 · 0440.532.131

Represented by Hélène EVRARD

Active

Frédéric DAWANS

Managing director · since 01 janvier 1994 · until 10 juin 2027

Active

Ended mandates

AXIAL INVEST

Director · since 07 avril 2017 · until 07 avril 2023 · 0440.532.131

Represented by Frédéric DAWANS

Ended

Hélène EVRARD

Director · since 07 mai 2001 · until 01 avril 2011

Ended

Hélène EVRARD

Director · since 07 mai 2001 · until 07 avril 2017

Ended

Frédéric DAWANS

Managing director · since 01 janvier 1994 · until 01 avril 2011

Ended

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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	01/01/2025	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	08/07/2026	30/06/2025	27/06/2024	28/06/2023	25/07/2022	31/05/2021
General meeting	11/06/2026	12/06/2025	13/06/2024	08/06/2023	09/06/2022	02/04/2021
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	31/12/2025	11/06/2026	08/07/2026	French	PDF
Micro model	31/12/2024	12/06/2025	30/06/2025	French	PDF
Micro model	31/12/2023	13/06/2024	27/06/2024	French	PDF
Micro model	31/12/2022	08/06/2023	28/06/2023	French	PDF
Micro model	31/12/2021	09/06/2022	25/07/2022	French	PDF
Micro model	31/12/2020	02/04/2021	31/05/2021	French	PDF
Micro model	31/12/2019	05/06/2020	29/06/2020	French	PDF
Micro model	31/12/2018	05/04/2019	12/07/2019	French	PDF
Micro model	31/12/2017	06/04/2018	30/07/2018	French	PDF
Micro model	31/12/2016	07/04/2017	27/07/2017	French	PDF
Abridged model	31/12/2015	01/04/2016	25/08/2016	French	PDF
Abridged model	31/12/2014	03/04/2015	24/08/2015	French	PDF
Abridged model	31/12/2013	04/04/2014	30/07/2014	French	PDF
Abridged model	31/12/2012	05/04/2013	24/07/2013	French	PDF
Abridged model	31/12/2011	06/04/2012	26/07/2012	French	PDF
Abridged model	31/12/2010	01/04/2011	25/07/2011	French	PDF
Abridged model	31/12/2009	02/04/2010	28/07/2010	French	PDF
Abridged model	31/12/2008	03/04/2009	31/07/2009	French	PDF
Abridged model	31/12/2007	04/04/2008	10/07/2008	French	PDF
Abridged model	31/12/2006	06/04/2007	13/07/2007	French	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

AXIAL INVEST

Director · since 07 avril 2017 · until 10 juin 2027 · 0440.532.131

Represented by Hélène EVRARD

Active

Frédéric DAWANS

Managing director · since 01 janvier 1994 · until 10 juin 2027

Active

Ended mandates

AXIAL INVEST

Director · since 07 avril 2017 · until 07 avril 2023 · 0440.532.131

Represented by Frédéric DAWANS

Ended

Hélène EVRARD

Director · since 07 mai 2001 · until 01 avril 2011

Ended

Hélène EVRARD

Director · since 07 mai 2001 · until 07 avril 2017

Ended

Frédéric DAWANS

Managing director · since 01 janvier 1994 · until 01 avril 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/04/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates12/11/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates13/09/2017
DEMISSIONS, NOMINATIONS
PDF
Registered office28/03/2012
SIEGE SOCIAL
PDF
Mandates03/10/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates25/03/2005
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202518,1 k €↑
2024
Annual accounts 2024-548,7 €↑
2023
Annual accounts 2023-80,1 k €↓
2022
Annual accounts 20225,9 k €↑
2021
Annual accounts 2021994,3 €↑
2020
Annual accounts 2020-4,4 k €↓
2019
Annual accounts 20198,8 k €↓
2018
Annual accounts 201856,5 k €↑
2017
Annual accounts 20171,8 k €↓
2016
Annual accounts 20163,5 k €↓
2015
Annual accounts 20159,5 k €↓
2014
Annual accounts 201415 k €↑
2013
Annual accounts 201312,8 k €↑
2012
Annual accounts 2012-4,5 k €↑
2011
Annual accounts 2011-81 k €↓
2010
Annual accounts 2010-58,3 k €↓
2009
Annual accounts 20093,1 k €↑
2008
Annual accounts 2008-7,1 k €↓
2007
Annual accounts 2007-6,8 k €↑
2006
Annual accounts 2006-41,4 k €
27/04/1994
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

BELLIM

Overview

What does BELLIM do?

Trend over 20 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