ACTIVE

BELYZER

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Financial year 2025 · closed on 31/12/2025

Net result

3,3 k €

-79.6% YoY

Gross margin

9,1 k €

-55.7% YoY

Equity

31,4 k €

+11.8% YoY

What does BELYZER do?

BELYZER is a Private limited company incorporated in 1997. Its registered office is in Sint-Gillis-Waas.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0461.825.314

Incorporation

10/11/1997

Legal form

Private limited company

Registered office

Samelstraat(SGW) 57
9170 Sint-Gillis-Waas · FlandreSee on map

Contributed capital

12 402,66 €

Latest accounts

31/12/2025

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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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	9,1 k €	-55.7%	20,6 k €	+178%	7,4 k €	+167%	-11,1 k €	-224%	9 k €	+151%	-17,6 k €	-20.0%	-14,6 k €	-451%	4,2 k €	+34.3%	3,1 k €	-79.5%	15,1 k €	+2329%	-677,6 €	-104%	17,6 k €	-4.5%	18,5 k €	-13.0%	21,2 k €	+520%	3,4 k €	-71.5%	12 k €	+145%	4,9 k €	+157%	1,9 k €	-89.6%	18,4 k €	+78.0%	10,3 k €
EBITDA	7,1 k €	-61.2%	18,2 k €	+204%	6 k €	+149%	-12,3 k €	-262%	7,6 k €	+141%	-18,7 k €	-13.6%	-16,4 k €	-684%	2,8 k €	+50.7%	1,9 k €	-86.5%	13,9 k €	+712%	-2,3 k €	-114%	15,7 k €	-7.0%	16,9 k €	-13.9%	19,7 k €	+1068%	1,7 k €	-82.9%	9,8 k €	+194%	3,3 k €	+588%	486,5 €	-97.1%	16,9 k €	+88.0%	9 k €
Operating result	5,1 k €	-70.0%	17,1 k €	+185%	6 k €	+149%	-12,3 k €	-263%	7,6 k €	+140%	-19,1 k €	-13.2%	-16,9 k €	-852%	2,2 k €	+85.1%	1,2 k €	-90.9%	13,3 k €	+559%	-2,9 k €	-126%	11,3 k €	-6.6%	12,1 k €	-4.0%	12,6 k €	+276%	-7,1 k €	-903%	888,4 €	+125%	-3,5 k €	+34.1%	-5,3 k €	-181%	6,5 k €	+706%	-1,1 k €
Net result	3,3 k €	-79.6%	16,3 k €	+214%	5,2 k €	+140%	-12,9 k €	-289%	6,8 k €	+135%	-19,6 k €	-6.1%	-18,4 k €	-2989%	638,6 €	+57.4%	405,6 €	-96.3%	11,1 k €	+270%	-6,5 k €	-218%	5,5 k €	-34.0%	8,4 k €	-25.2%	11,2 k €	+224%	-9,1 k €	-550%	-1,4 k €	+65.1%	-4 k €	+25.2%	-5,4 k €	-189%	6 k €	+414%	-1,9 k €
Balance sheet
Equity	31,4 k €	+11.8%	28,1 k €	+137%	11,8 k €	+78.1%	6,6 k €	-65.9%	19,5 k €	+53.8%	12,7 k €	-60.7%	32,2 k €	-36.4%	50,7 k €	+1.3%	50,1 k €	+0.8%	49,6 k €	+28.7%	38,6 k €	-14.5%	45,1 k €	+14.0%	39,6 k €	+27.0%	31,2 k €	+56.4%	19,9 k €	-31.3%	29 k €	-4.6%	30,4 k €	-11.7%	34,4 k €	-13.5%	39,8 k €	+17.8%	33,8 k €
Total assets	117 k €	+4.4%	112 k €	-32.5%	166 k €	-0.6%	167 k €	-10.9%	187,4 k €	+13.2%	165,6 k €	-0.4%	166,2 k €	-4.5%	174,1 k €	+6.2%	163,8 k €	+16.0%	141,2 k €	-2.2%	144,4 k €	+16.8%	123,6 k €	+41.9%	87,1 k €	-7.4%	94 k €	+49.6%	62,9 k €	-19.5%	78,1 k €	+28.6%	60,7 k €	+10.2%	55,1 k €	-24.9%	73,4 k €	-11.3%	82,8 k €
Cash	2,4 k €	-31.2%	3,5 k €	-84.8%	22,8 k €	-15.7%	27,1 k €	-14.0%	31,5 k €	+100%	15,7 k €	-34.6%	24 k €	+62.7%	14,8 k €	-57.5%	34,8 k €	+12.6%	30,9 k €	-19.9%	38,5 k €	+54.7%	24,9 k €	-7.8%	27 k €	-18.6%	33,2 k €	+16.2%	28,6 k €	-3.4%	29,6 k €	+0.6%	29,4 k €	-18.5%	36,1 k €	+183%	12,7 k €	-2.0%	13 k €
Debts	19 k €	+2.1%	18,6 k €	-75.1%	74,7 k €	-8.0%	81,2 k €	-23.5%	106,2 k €	-2.3%	108,7 k €	+4.3%	104,2 k €	-4.4%	109 k €	+0.9%	108 k €	+23.5%	87,4 k €	-17.1%	105,5 k €	+34.4%	78,5 k €	+65.1%	47,5 k €	-24.4%	62,9 k €	+46.4%	43 k €	-12.5%	49,1 k €	+62.0%	30,3 k €	+46.6%	20,7 k €	-38.5%	33,6 k €	-31.4%	49 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 · 1 active · 2 ended

Active mandates

KURT DE BELEYR

Director

Active

Ended mandates

Kurt De Beleyr

Manager · since 06 novembre 1997

Ended

KURT DE BELEYR

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
BEL-SAM● Active	0607.899.889
SAM-INVEST● Active	0533.865.333

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	21/08/2026	30/09/2025	31/07/2024	27/07/2023	27/07/2022	30/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	29/06/2022	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

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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	26/06/2026	21/08/2026	Dutch	PDF
Micro model	31/12/2024	27/06/2025	30/09/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	31/07/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	27/07/2023	Dutch	PDF
Micro model	31/12/2021	29/06/2022	27/07/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	30/07/2021	Dutch	PDF
Micro model	31/12/2019	31/08/2020	25/09/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	26/07/2019	Dutch	PDF
Micro model	31/12/2017	22/06/2018	31/08/2018	Dutch	PDF
Micro model	31/12/2016	23/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	29/10/2015	23/11/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/08/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/09/2012	27/09/2012	Dutch	PDF
Abridged model	31/12/2010	21/11/2011	15/12/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	17/11/2009	06/01/2010	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	30/09/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	24/09/2007	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 · 1 active · 2 ended

Active mandates

KURT DE BELEYR

Director

Active

Ended mandates

Kurt De Beleyr

Manager · since 06 novembre 1997

Ended

KURT DE BELEYR

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 20253,3 k €↓
2024
Annual accounts 202416,3 k €↑
2023
Annual accounts 20235,2 k €↑
2022
Annual accounts 2022-12,9 k €↓
2021
Annual accounts 20216,8 k €↑
2020
Annual accounts 2020-19,6 k €↓
2019
Annual accounts 2019-18,4 k €↓
2018
Annual accounts 2018638,6 €↑
2017
Annual accounts 2017405,6 €↓
2016
Annual accounts 201611,1 k €↑
2015
Annual accounts 2015-6,5 k €↓
2014
Annual accounts 20145,5 k €↓
2013
Annual accounts 20138,4 k €↓
2012
Annual accounts 201211,2 k €↑
2011
Annual accounts 2011-9,1 k €↓
2010
Annual accounts 2010-1,4 k €↑
2009
Annual accounts 2009-4 k €↑
2008
Annual accounts 2008-5,4 k €↓
2007
Annual accounts 20076 k €↑
2006
Annual accounts 2006-1,9 k €
10/11/1997
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

BELYZER

Overview

What does BELYZER 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

Similar companies

Similar companies

Timeline