ACTIVE

Bel-Four Storage

Financial year 2025 · closed on 31/12/2025
Net result
-222,9 k €
-1185.7% YoY
Gross margin
32,4 k €
-87.3% YoY
Equity
175 k €
-56.0% YoY
Workforce
1,0 ETP
0.0% YoY

What does Bel-Four Storage do?

Bel-Four Storage is a Public limited company incorporated in 1994. Its main activity is: Wholesale of solid, liquid and gaseous fuels and related products. Its registered office is in Temse. It employs on average 1,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0452.890.228
Incorporation
20/06/1994
Legal form
Public limited company
Registered office
Wilfordkaai 43
9140 Temse · FlandreSee on map
Contributed capital
273 042,88 €
Latest accounts
31/12/2025
Average workforce
1,0 ETP
Joint committees (4)
  • 127
  • 1270
  • 2010
  • 218
Signals
Good liquidityHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin32,4 k €255,3 k €68,6 k €11,7 k €-18,7 k €77,5 k €94,1 k €88,5 k €146,9 k €41,3 k €83,2 k €92,6 k €157,2 k €127,9 k €1,5 M €1,1 M €329,2 k €317,3 k €300,1 k €264,8 k €
EBITDA-97,2 k €147,2 k €35,7 k €-906,1 €-31 k €65,3 k €82,2 k €80,4 k €138,7 k €33,4 k €75,2 k €84,8 k €149,5 k €120 k €195,2 k €196,2 k €229,7 k €244,7 k €222,6 k €188,8 k €
Operating result-200,6 k €42,5 k €35,7 k €-906,1 €-31 k €15,7 k €55,5 k €30,7 k €37,6 k €25,4 k €43,3 k €-56,5 k €40,4 k €41,8 k €74,2 k €87,7 k €122,4 k €138,5 k €119,5 k €89,8 k €
Net result-222,9 k €20,5 k €-641,6 €-15,9 k €-46,4 k €-544,6 €9,7 k €17,8 k €26,9 k €12,9 k €27,2 k €-86,6 k €6,4 k €2,6 k €2 k €12,4 k €37,8 k €42,8 k €32,5 k €3,4 k €
Balance sheet
Equity175 k €397,9 k €377,4 k €378 k €394 k €440,4 k €440,9 k €431,3 k €413,1 k €386,2 k €373,2 k €346 k €432,6 k €426,2 k €423,7 k €421,7 k €409,3 k €371,5 k €328,6 k €296,2 k €
Total assets1,8 M €2 M €1,9 M €1,9 M €1,9 M €2 M €2 M €2 M €1,2 M €1,2 M €1,3 M €1,3 M €1,4 M €1,5 M €2,2 M €1,8 M €1,8 M €2 M €2,1 M €2 M €
Cash86,5 k €67 k €11,1 k €36,5 k €81,9 k €98,8 k €70,4 k €41,2 k €99,2 k €13,3 k €57,2 k €40,8 k €67 k €23,7 k €4,7 k €19,2 k €6 k €1 k €7,9 k €75,7 k €
Debts1,5 M €1,5 M €1,5 M €1,5 M €1,5 M €1,5 M €1,5 M €1,5 M €778 k €814,4 k €892,1 k €900,4 k €988,1 k €1 M €1,5 M €1,4 M €1,4 M €1,6 M €1,7 M €1,6 M €
Other
Workforce1,0 ETP1,0 ETP0,2 ETP1,9 ETP1,9 ETP1,5 ETP1,5 ETP1,5 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 · 4 active · 19 ended

Active mandates

FOBA

Director · since 19 juin 2023 · 0735.802.606

Represented by Maxime Fournier

Active
JULLAU

Director · since 19 juin 2023 · 0747.735.980

Represented by Laurent Boxstaele

Active
Terwest Management

Director · since 19 juin 2023 · 0785.445.820

Represented by Cédric Bourdon

Active
Topsican

Administrator - manager · since 19 juin 2023 · 0735.802.903

Represented by Julie Fournier

Active

Ended mandates

FOBA

Director · since 19 juin 2023 · until 27 mai 2028 · 0735.802.606

Represented by Fournier MAXIME

Ended
JULLAU

Director · since 19 juin 2023 · until 27 mai 2028 · 0747.735.980

Represented by Boxstaele LAURENT

Ended
Terwest Management

Managing director · since 19 juin 2023 · until 27 mai 2028 · 0785.445.820

Represented by Bourdon CÉDRIC

Ended
Topsican

Managing director · since 19 juin 2023 · until 27 mai 2028 · 0735.802.903

Represented by Fournier JULIE

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/08/202629/08/202530/08/202431/08/202308/08/202230/08/2021
General meeting30/05/202631/05/202525/05/202427/05/202328/05/202229/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/05/202631/08/2026DutchPDF
Abridged model31/12/202431/05/202529/08/2025DutchPDF
Abridged model31/12/202325/05/202430/08/2024DutchPDF
Abridged model31/12/202227/05/202331/08/2023DutchPDF
Abridged model31/12/202128/05/202208/08/2022DutchPDF
Abridged model31/12/202029/05/202130/08/2021DutchPDF
Abridged model31/12/201930/05/202025/08/2020DutchPDF
Abridged model31/12/201825/05/201931/08/2019DutchPDF
Abridged model31/12/201726/05/201829/08/2018DutchPDF
Abridged model31/12/201627/05/201710/08/2017DutchPDF
Abridged model31/12/201528/05/201630/06/2016DutchPDF
Abridged model31/12/201430/05/201526/08/2015DutchPDF
Abridged model31/12/201331/05/201428/08/2014DutchPDF
Abridged model31/12/201225/05/201329/08/2013DutchPDF
Abridged model31/12/201126/05/201227/08/2012DutchPDF
Abridged model31/12/201028/05/201122/08/2011DutchPDF
Abridged model31/12/200929/05/201001/07/2010DutchPDF
Abridged model31/12/200830/05/200910/09/2009DutchPDF
Abridged model31/12/200731/05/200817/07/2008DutchPDF
Abridged model31/12/200626/05/200711/07/2007DutchPDF
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 · 4 active · 19 ended

Active mandates

FOBA

Director · since 19 juin 2023 · 0735.802.606

Represented by Maxime Fournier

Active
JULLAU

Director · since 19 juin 2023 · 0747.735.980

Represented by Laurent Boxstaele

Active
Terwest Management

Director · since 19 juin 2023 · 0785.445.820

Represented by Cédric Bourdon

Active
Topsican

Administrator - manager · since 19 juin 2023 · 0735.802.903

Represented by Julie Fournier

Active

Ended mandates

FOBA

Director · since 19 juin 2023 · until 27 mai 2028 · 0735.802.606

Represented by Fournier MAXIME

Ended
JULLAU

Director · since 19 juin 2023 · until 27 mai 2028 · 0747.735.980

Represented by Boxstaele LAURENT

Ended
Terwest Management

Managing director · since 19 juin 2023 · until 27 mai 2028 · 0785.445.820

Represented by Bourdon CÉDRIC

Ended
Topsican

Managing director · since 19 juin 2023 · until 27 mai 2028 · 0735.802.903

Represented by Fournier JULIE

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates06/07/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - DIVERSEN - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/02/2023
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares15/10/2018
    KAPITAAL - AANDELEN
    PDF
  • Mandates29/05/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office03/05/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates07/01/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/03/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares11/01/2012
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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

Timeline

  1. 2025
    Annual accounts 2025-222,9 k €
  2. 2024
    Annual accounts 202420,5 k €
  3. 2023
    Annual accounts 2023-641,6 €
  4. 2022
    Annual accounts 2022-15,9 k €
  5. 2022
    Name changeBel-Four Storage
  6. 2021
    Annual accounts 2021-46,4 k €
  7. 2021
    Name changeGHEKIERE TRANS SHIPMENT
  8. 2020
    Annual accounts 2020-544,6 €
  9. 2019
    Annual accounts 20199,7 k €
  10. 2018
    Annual accounts 201817,8 k €
  11. 2017
    Annual accounts 201726,9 k €
  12. 2016
    Annual accounts 201612,9 k €
  13. 2015
    Annual accounts 201527,2 k €
  14. 2014
    Annual accounts 2014-86,6 k €
  15. 2013
    Annual accounts 20136,4 k €
  16. 2012
    Annual accounts 20122,6 k €
  17. 2011
    Annual accounts 20112 k €
  18. 2010
    Annual accounts 201012,4 k €
  19. 2009
    Annual accounts 200937,8 k €
  20. 2008
    Annual accounts 200842,8 k €
  21. 2007
    Annual accounts 200732,5 k €
  22. 2006
    Annual accounts 20063,4 k €
  23. 20/06/1994
    IncorporationPublic limited company