ACTIVE

BELISTO

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-56,8 k €

-212.7% YoY

Revenue

57,8 k €

Equity

4,7 M €

-1.2% YoY

What does BELISTO do?

BELISTO is a Private limited company incorporated in 1996. Its main activity is: Activities of holding companies. Its registered office is in Brasschaat.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0459.220.764

Incorporation

15/11/1996

Legal form

Private limited company

Registered office

Donksesteenweg 90
2930 Brasschaat · FlandreSee on map

Contributed capital

2 928 000,02 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 65231Reinsurance 41101Development of building projects 68121Buying and selling of own real estate 70111Activities of head offices+4

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2018		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	57,8 k €		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-48,7 k €	-147%	104,6 k €	+37.6%	76 k €	+595%	10,9 k €	-78.4%	50,6 k €	+245%	-34,9 k €	-271%	20,4 k €	+17.3%	17,4 k €	-89.8%	169,5 k €	+151%	67,6 k €	-55.9%	153,2 k €	+191%	52,6 k €	-79.9%	261 k €	+586%	38,1 k €	+828%	-5,2 k €
Operating result	-70,3 k €	-180%	87,4 k €	+46.8%	59,5 k €	+1693%	-3,7 k €	-108%	44,1 k €	+192%	-47,7 k €	-380%	17 k €	+26.7%	13,4 k €	-91.9%	166,6 k €	+155%	65,3 k €	-57.0%	151,8 k €	+195%	51,5 k €	-80.2%	260,1 k €	+592%	37,6 k €	+751%	-5,8 k €
Net result	-56,8 k €	-213%	50,4 k €	+18.7%	42,4 k €	+857%	4,4 k €	-88.9%	40 k €	-89.1%	366,4 k €	+3671%	9,7 k €	+60.7%	6 k €	-94.2%	104,6 k €	+243%	30,5 k €	-66.9%	92,1 k €	+242%	26,9 k €	-83.5%	163,1 k €	+391%	33,2 k €	+676%	-5,8 k €
Balance sheet
Equity	4,7 M €	-1.2%	4,7 M €	+1.1%	4,7 M €	+0.9%	4,7 M €	+0.1%	4,7 M €	+33.1%	3,5 M €	+13.2%	3,1 M €	+0.3%	3,1 M €	+0.2%	3,1 M €	+3.5%	3 M €	+858%	309,3 k €	+42.4%	217,3 k €	+14.1%	190,4 k €	+597%	27,3 k €	+563%	-5,9 k €
Total assets	6,5 M €	+16.9%	5,5 M €	-2.5%	5,7 M €	+1.3%	5,6 M €	-3.2%	5,8 M €	+23.7%	4,7 M €	+25.6%	3,7 M €	+11.2%	3,4 M €	-4.3%	3,5 M €	-2.8%	3,6 M €	+541%	563 k €	-50.6%	1,1 M €	+50.8%	755,4 k €	+48.5%	508,7 k €	+101%	253,5 k €
Cash	6,8 k €	-66.1%	19,9 k €	+1250%	1,5 k €	-92.0%	18,4 k €	-67.5%	56,8 k €	-73.8%	216,8 k €	+202%	71,8 k €	-37.2%	114,4 k €	-63.4%	312,8 k €	-20.3%	392,5 k €	+193%	134 k €	+298%	33,6 k €	+109%	16,1 k €	-81.9%	89,3 k €	+244%	26 k €
Debts	1,8 M €	+129%	781 k €	-19.9%	974,9 k €	+3.1%	946,1 k €	-16.7%	1,1 M €	-4.9%	1,2 M €	+86.4%	640,3 k €	+134%	273,2 k €	+5.8%	258,3 k €	-55.9%	586 k €	+131%	253,7 k €	-72.5%	921,5 k €	+63.1%	565 k €	+17.4%	481,4 k €	+85.6%	259,4 k €
Other
Workforce	–		–		0,0 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 · 2 active · 8 ended

Active mandates

Bart Van den Broeck

Director

Active

Herma Spaas

Director

Active

Ended mandates

HERMA SPAAS

Manager · since 29 décembre 2011

Ended

Herma Spaas

Director · since 29 novembre 2011

Ended

Herma Spaas

Manager · since 29 novembre 2011

Ended

Bart Van den Broeck

Director · since 01 décembre 2000

Ended

At this address

Other companies at this address

Company	CBE no.
HEBA INVEST● Active	0434.252.172

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full 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	01/01/2021	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	27/07/2026	26/06/2025	15/07/2024	05/07/2023	06/07/2022	30/07/2021
General meeting	27/05/2026	23/06/2025	28/06/2024	06/06/2023	07/06/2022	30/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	27/05/2026	27/07/2026	Dutch	PDF
Abridged model	31/12/2024	23/06/2025	26/06/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	15/07/2024	Dutch	PDF
Abridged model	31/12/2022	06/06/2023	05/07/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	06/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	30/07/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	08/06/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	26/07/2019	Dutch	PDF
Abridged model	31/12/2017	31/05/2018	05/06/2018	Dutch	PDF
Abridged model	31/12/2016	31/05/2017	29/08/2017	Dutch	PDF
Abridged model	31/12/2015	31/05/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/05/2015	30/08/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	29/05/2013	27/09/2013	Dutch	PDF
Abridged model	31/12/2011	30/05/2012	12/09/2012	Dutch	PDF
Abridged model	31/12/2010	25/05/2011	11/08/2011	Dutch	PDF
Abridged model	31/12/2009	26/05/2010	13/08/2010	Dutch	PDF
Abridged model	31/12/2008	27/05/2009	10/09/2009	Dutch	PDF
Abridged model	31/12/2007	28/05/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/05/2007	24/08/2007	Dutch	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 · 8 ended

Active mandates

Bart Van den Broeck

Director

Active

Herma Spaas

Director

Active

Ended mandates

HERMA SPAAS

Manager · since 29 décembre 2011

Ended

Herma Spaas

Director · since 29 novembre 2011

Ended

Herma Spaas

Manager · since 29 novembre 2011

Ended

Bart Van den Broeck

Director · since 01 décembre 2000

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/01/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2012
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - 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

2025
Annual accounts 2025-56,8 k €↓
2024
Annual accounts 202450,4 k €↑
2023
Annual accounts 202342,4 k €↑
2022
Annual accounts 20224,4 k €↓
2021
Annual accounts 202140 k €↓
2018
Annual accounts 2018366,4 k €↑
2014
Annual accounts 20149,7 k €↑
2013
Annual accounts 20136 k €↓
2012
Annual accounts 2012104,6 k €↑
2011
Annual accounts 201130,5 k €↓
2010
Annual accounts 201092,1 k €↑
2009
Annual accounts 200926,9 k €↓
2008
Annual accounts 2008163,1 k €↑
2007
Annual accounts 200733,2 k €↑
2006
Annual accounts 2006-5,8 k €
15/11/1996
IncorporationPrivate 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

BELISTO

Overview

What does BELISTO do?

Trend over 15 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