ACTIVE

BELFIMMO

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Financial year 2025 · Closed on 31/12/2025

Net result175,2 k €-57,5 %over 1 year

Gross margin392,1 k €-57,2 %over 1 year

Equity9,6 M €-3,8 %over 1 year

Workforce0,0 ETP

Identity

Source · BCE/KBO

BELFIMMO is a Public limited company incorporated in 1994. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Brugge.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0453.271.991
Incorporation: 26/08/1994
Legal form: Public limited company
Registered office: Moerstraat 28
8000 Brugge · FlandreSee on map
Contributed capital: 2 096 084,03 €
Latest accounts: 31/12/2025
Average workforce: 0,0 ETP

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 68310Real estate agencies 74879Other professional, scientific and technical activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 19 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	392,1 k €	-57.2%	915,1 k €	-19.7%	1,1 M €	+264%	312,7 k €	-51.6%	645,9 k €
EBITDA	352,3 k €	-43.0%	618,6 k €	-45.2%	1,1 M €	+413%	220 k €	-63.5%	602,7 k €
Operating result	179,5 k €	-60.6%	455,2 k €	-53.1%	969,7 k €	+1276%	70,5 k €	-87.5%	563,1 k €
Net result	175,2 k €	-57.5%	412,6 k €	-42.4%	716,3 k €	+1278%	52 k €	-98.0%	2,6 M €
Balance sheet
Equity	9,6 M €	-3.8%	10 M €	+3.7%	9,6 M €	+7.0%	9 M €	+0.6%	9 M €
Total assets	10 M €	-3.3%	10,4 M €	+2.8%	10,1 M €	+7.6%	9,4 M €	-0.3%	9,4 M €
Cash	191,9 k €	-52.0%	399,9 k €	-5.9%	425,2 k €	-87.5%	3,4 M €	+8.4%	3,1 M €
Debts	90,5 k €	+112%	42,6 k €	-59.1%	104,1 k €	+846%	11 k €	-84.9%	72,7 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CSF MANAGEMENT0807.115.125Represented by Sabine Saelen	Director19/02/2020 → 24/05/2032bestuurder19/02/2020 → 2022 accountsended
J.P.S. CONSULT0426.118.030Represented by Saelen JEAN-PIERRE	Director16/12/2016 → 24/05/2032Associate16/12/2016 → 2020 accountsendedbestuurder16/12/2016 → 2022 accountsendedManaging director17/03/2005 → 2019 accountsended
Katrien Desimpel	Director16/12/2011 → 24/05/2032bestuurder19/02/2020 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean-Pierre Saelen	Director17/03/2005 → 2019 accounts
Kathy Desimpel	Director16/12/2011 → 2015 accounts

Other companies at this address

Moerstraat 28 8000 Brugge

Company	CBE no.
HERTOGEN● Active	0452.717.311
J.P.S. CONSULT● Active	0426.118.030
SAELDES● Active	0729.905.895
Sedecom● Liquidation	0405.138.910
WITTE MOLEN PARK● Active	0555.747.444

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/10/2020	01/10/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	15 months	12 months
Filing date	26/06/2026	23/06/2025	26/06/2024	05/07/2023	20/07/2022	20/04/2021
General meeting	25/05/2026	26/05/2025	27/05/2024	14/06/2023	30/06/2022	31/03/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	25/05/2026	26/06/2026	Dutch	PDF
Abridged model	31/12/2024	26/05/2025	23/06/2025	Dutch	PDF
Abridged model	31/12/2023	27/05/2024	26/06/2024	Dutch	PDF
Abridged model	31/12/2022	14/06/2023	05/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	20/07/2022	Dutch	PDF
Abridged model	30/09/2020	31/03/2021	20/04/2021	Dutch	PDF
Abridged model	30/09/2019	24/01/2020	30/01/2020	Dutch	PDF
Abridged model	30/09/2018	25/01/2019	12/02/2019	Dutch	PDF
Abridged model	30/09/2017	31/01/2018	28/02/2018	Dutch	PDF
Abridged model	30/09/2016	31/12/2016	31/01/2017	Dutch	PDF
Abridged model	30/09/2015	18/12/2015	19/01/2016	Dutch	PDF
Abridged model	30/09/2014	19/12/2014	03/02/2015	Dutch	PDF
Abridged model	30/09/2013	20/12/2013	19/02/2014	Dutch	PDF
Abridged model	30/09/2012	21/12/2012	28/03/2013	Dutch	PDF
Abridged model	30/09/2011	16/12/2011	29/02/2012	Dutch	PDF
Abridged model	30/09/2010	10/12/2010	28/02/2011	Dutch	PDF
Abridged model	30/09/2009	18/12/2009	29/04/2010	Dutch	PDF
Abridged model	31/12/2007	21/03/2008	08/10/2008	Dutch	PDF
Abridged model	31/12/2006	16/03/2007	30/08/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CSF MANAGEMENT0807.115.125Represented by Sabine Saelen	Director19/02/2020 → 24/05/2032bestuurder19/02/2020 → 2022 accountsended
J.P.S. CONSULT0426.118.030Represented by Saelen JEAN-PIERRE	Director16/12/2016 → 24/05/2032Associate16/12/2016 → 2020 accountsendedbestuurder16/12/2016 → 2022 accountsendedManaging director17/03/2005 → 2019 accountsended
Katrien Desimpel	Director16/12/2011 → 24/05/2032bestuurder19/02/2020 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean-Pierre Saelen	Director17/03/2005 → 2019 accounts
Kathy Desimpel	Director16/12/2011 → 2015 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates23/07/2026
Benoemingen
PDF
Other10/02/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Restructuring24/12/2021
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring28/10/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other04/10/2021
ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates21/02/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/04/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/11/2012
ONTSLAGEN - BENOEMINGEN
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

J.P.S. CONSULT

CSF MANAGEMENT

Katrien Desimpel

Jean-Pierre Saelen

Kathy Desimpel

199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029203020312032

BELFIMMO

Moerstraat 28, 8000 Brugge

DirectorAssociatebestuurderManaging director

Directorbestuurder

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Moerstraat 28, 8000 BruggeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00203083

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BELFIMMOCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00203083

Events

2025
Annual accounts 2025175,2 k €↓
2024
Annual accounts 2024412,6 k €↓
2023
Annual accounts 2023716,3 k €↑
2022
Annual accounts 202252 k €↓
2021
Annual accounts 20212,6 M €↑
2019
Annual accounts 2019576 k €↑
2018
Annual accounts 201828,1 k €↓
2017
Annual accounts 2017103,3 k €↑
2016
Annual accounts 201646,5 k €↓
2015
Annual accounts 2015101,3 k €↑
2014
Annual accounts 201460,3 k €↓
2013
Annual accounts 2013408,7 k €↑
2012
Annual accounts 201225,4 k €↑
2011
Annual accounts 2011-82,3 k €↓
2010
Annual accounts 2010-77,2 k €↓
2009
Annual accounts 2009-40,6 k €↓
2007
Annual accounts 200723,8 k €↑
2006
Annual accounts 20068,6 k €
26/08/1994
IncorporationPublic limited company

BELFIMMO

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events