ACTIVE

Belmans Recycling

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Financial year 2025 · Closed on 31/12/2025

Net result110,9 k €-51,3 %over 1 year

Gross margin2,5 M €+13,2 %over 1 year

Equity3 M €+3,8 %over 1 year

Workforce6,0 ETP+22,4 %over 1 year

Identity

Source · BCE/KBO

Belmans Recycling is a Private limited company incorporated in 1998. Its main activity is: Freight transport by road. Its registered office is in Overijse. It employs on average 6,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0462.647.240
Incorporation: 12/02/1998
Legal form: Private limited company
Registered office: Hoeilaartsesteenweg 76
3090 Overijse · FlandreSee on map
Contributed capital: 20 451,21 €
Latest accounts: 31/12/2025
Average workforce: 6,0 ETP

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road 60242Television programming and broadcasting activities

Joint committees (3)

124
140
14003

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2,5 M €	+13.2%	2,2 M €	-12.0%	2,6 M €	-7.0%	2,7 M €	+10.2%	2,5 M €
EBITDA	2,1 M €	+8.3%	2 M €	-15.6%	2,3 M €	-6.6%	2,5 M €	+26.3%	2 M €
Operating result	277 k €	-28.9%	389,5 k €	-54.2%	850,6 k €	-25.8%	1,1 M €	+29.0%	888,5 k €
Net result	110,9 k €	-51.3%	227,7 k €	-62.1%	600,3 k €	-31.8%	880,6 k €	+25.1%	703,9 k €
Balance sheet
Equity	3 M €	+3.8%	2,9 M €	+8.5%	2,7 M €	+29.1%	2,1 M €	+74.5%	1,2 M €
Total assets	7,4 M €	-16.3%	8,8 M €	+14.8%	7,7 M €	+16.3%	6,6 M €	+10.8%	5,9 M €
Cash	1,3 M €	-14.3%	1,5 M €	+22.0%	1,2 M €	+99.2%	604,6 k €	-35.1%	931,9 k €
Debts	4,4 M €	-26.2%	5,9 M €	+18.2%	5 M €	+10.5%	4,5 M €	-5.0%	4,8 M €
Other
Workforce	6,0 ETP	+22.4%	4,9 ETP	+19.5%	4,1 ETP	+7.9%	3,8 ETP	-24.0%	5,0 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

1 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
David Belmans	Administrator - managersince 24/07/2024Manager01/01/1995 → 2013 accountsendedDirector2007 accountsendedManaging director2021 accountsended

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	01/01/2021	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	22/06/2026	23/06/2025	05/07/2024	06/06/2023	14/06/2022	17/05/2021
General meeting	04/03/2026	05/03/2025	06/03/2024	01/03/2023	02/03/2022	03/03/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/03/2026	22/06/2026	Dutch	PDF
Abridged model	31/12/2024	05/03/2025	23/06/2025	Dutch	PDF
Abridged model	31/12/2023	06/03/2024	05/07/2024	Dutch	PDF
Abridged model	31/12/2022	01/03/2023	06/06/2023	Dutch	PDF
Abridged model	31/12/2021	02/03/2022	14/06/2022	Dutch	PDF
Abridged model	31/12/2020	03/03/2021	17/05/2021	Dutch	PDF
Abridged model	31/12/2019	04/03/2020	17/06/2020	Dutch	PDF
Abridged model	31/12/2018	06/03/2019	08/08/2019	Dutch	PDF
Abridged model	31/12/2017	07/03/2018	20/06/2018	Dutch	PDF
Abridged model	31/12/2016	01/03/2017	28/06/2017	Dutch	PDF
Abridged model	31/12/2015	01/03/2016	09/08/2016	Dutch	PDF
Abridged model	31/12/2014	04/03/2015	21/08/2015	French	PDF
Abridged model	31/12/2013	05/03/2014	25/08/2014	French	PDF
Abridged model	31/12/2012	05/04/2013	29/05/2013	French	PDF
Abridged model	31/12/2011	05/04/2012	18/06/2012	Dutch	PDF
Abridged model	31/12/2010	07/04/2011	27/05/2011	Dutch	PDF
Abridged model	31/12/2009	01/04/2010	09/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/04/2009	22/06/2009	Dutch	PDF
Abridged model	31/12/2007	03/04/2008	26/05/2008	Dutch	PDF
Abridged model	31/12/2006	05/04/2007	20/06/2007	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

1 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
David Belmans	Administrator - managersince 24/07/2024Manager01/01/1995 → 2013 accountsendedDirector2007 accountsendedManaging director2021 accountsended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates24/07/2024
WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/01/2007
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Similar companies

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

Filings20 filings

Mandates

David Belmans

19951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Belmans RecyclingD. BELMANS

Hoeilaartsesteenweg 76, 3090 Overijse

Administrator - managerManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Hoeilaartsesteenweg 76, 3090 OverijseCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00180478

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Belmans RecyclingCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00180478
D. BELMANS	accounts 2006 → 2023	Accounts 2023 · 2024-00210733

Events

2025
Annual accounts 2025110,9 k €↓
2024
Annual accounts 2024227,7 k €↓
2024
Name changeBelmans Recycling
2023
Annual accounts 2023600,3 k €↓
2022
Annual accounts 2022880,6 k €↑
2021
Annual accounts 2021703,9 k €↑
2020
Annual accounts 2020631,7 k €↑
2019
Annual accounts 2019430,7 k €↑
2018
Annual accounts 2018403,4 k €↑
2017
Annual accounts 2017110,8 k €↓
2016
Annual accounts 2016114 k €↑
2015
Annual accounts 20153,4 k €↓
2014
Annual accounts 201485,2 k €↑
2013
Annual accounts 2013-85,9 k €↓
2012
Annual accounts 20125 k €↓
2011
Annual accounts 201115,6 k €↑
2010
Annual accounts 2010143 €↓
2009
Annual accounts 20099,1 k €↓
2008
Annual accounts 200835,6 k €↑
2007
Annual accounts 200718,8 k €↑
2006
Annual accounts 20062,3 k €
12/02/1998
IncorporationPrivate limited company

Belmans Recycling

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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