ACTIVE

BELISY

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Financial year 2025 · closed on 31/12/2025

Net result

920,4 k €

-16.0% YoY

Gross margin

10,3 k €

+128.6% YoY

Equity

1,8 M €

-27.9% YoY

Workforce

0,0 ETP

What does BELISY do?

BELISY is a Private limited company incorporated in 1998. Its main activity is: Activities of holding companies. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.982.762

Incorporation

23/12/1998

Legal form

Private limited company

Registered office

Zoutelaan 173
8300 Knokke-Heist · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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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	10,3 k €	+129%	-36 k €	-444%	10,5 k €	+132%	-33 k €	-98.3%	-16,6 k €	-125%	-7,4 k €	-112%	60,5 k €	+13.6%	53,2 k €	+14.1%	46,6 k €	+254%	13,2 k €	+219%	4,1 k €	-52.9%	8,8 k €	-29.8%	12,5 k €	-50.4%	25,1 k €	-24.0%	33,1 k €	-11.1%	37,2 k €	-33.4%	55,9 k €	-15.1%	65,8 k €	+3.7%	63,5 k €	+0.7%	63 k €
EBITDA	6,8 k €	+118%	-38,4 k €	-653%	6,9 k €	+119%	-36,6 k €	-93.9%	-18,9 k €	-23.9%	-15,3 k €	-126%	58,1 k €	+13.9%	51 k €	+13.1%	45,1 k €	+291%	11,5 k €	+395%	2,3 k €	-66.8%	7 k €	-34.2%	10,7 k €	-44.3%	19,1 k €	-28.9%	26,9 k €	-21.2%	34,1 k €	-25.7%	46 k €	-29.2%	64,9 k €	+3.7%	62,5 k €	+0.7%	62,1 k €
Operating result	-23,4 k €	+61.5%	-60,8 k €	-390%	-12,4 k €	+77.5%	-55,1 k €	-49.6%	-36,8 k €	-11.0%	-33,2 k €	-307%	16 k €	+110%	7,7 k €	-68.9%	24,6 k €	+402%	-8,1 k €	+31.8%	-11,9 k €	-50.4%	-7,9 k €	-95.0%	-4,1 k €	-197%	4,2 k €	+137%	-11,4 k €	-1552%	-690,1 €	-106%	11,6 k €	-82.2%	64,9 k €	+3.7%	62,5 k €	+0.7%	62,1 k €
Net result	920,4 k €	-16.0%	1,1 M €	+67.9%	652,6 k €	+292%	166,4 k €	-52.5%	350,1 k €	-47.5%	667,5 k €	+8.4%	616 k €	+39.7%	441 k €	+92.5%	229,1 k €	+4706%	-5 k €	-101%	583,3 k €	+1.6%	574 k €	+2063%	-29,2 k €	-108%	376,2 k €	-41.0%	637,1 k €	+303%	158,2 k €	-76.8%	682,6 k €	-44.7%	1,2 M €	-0.4%	1,2 M €	+59.2%	779 k €
Balance sheet
Equity	1,8 M €	-27.9%	2,6 M €	-13.3%	2,9 M €	+28.4%	2,3 M €	-2.7%	2,4 M €	+7.5%	2,2 M €	+43.7%	1,5 M €	+67.6%	910,7 k €	+93.9%	469,7 k €	-26.1%	635,9 k €	-0.8%	640,9 k €	+11.7%	574 k €	-3.1%	592,2 k €	-28.9%	833 k €	+82.4%	456,8 k €	-47.7%	873,1 k €	-44.2%	1,6 M €	-42.9%	2,7 M €	-0.1%	2,7 M €	+0.0%	2,7 M €
Total assets	1,9 M €	-26.0%	2,6 M €	-13.7%	3 M €	+14.2%	2,7 M €	+5.0%	2,5 M €	-8.9%	2,8 M €	+21.9%	2,3 M €	+16.0%	2 M €	+0.1%	2 M €	+24.0%	1,6 M €	-14.1%	1,8 M €	+6.9%	1,7 M €	-8.8%	1,9 M €	-4.5%	2 M €	+19.9%	1,7 M €	-1.4%	1,7 M €	-7.7%	1,8 M €	-54.1%	4 M €	+31.9%	3 M €	+0.2%	3 M €
Cash	44,1 k €	+156%	17,2 k €	-82.9%	101,1 k €	-15.2%	119,2 k €	-57.2%	278,5 k €	-29.5%	394,7 k €	+19.7%	329,9 k €	+920%	32,3 k €	-87.3%	254,5 k €	+1139%	20,5 k €	-94.2%	356 k €	+60.4%	222 k €	-40.7%	374,1 k €	+75.8%	212,8 k €	+548%	32,8 k €	-30.5%	47,3 k €	-66.4%	140,7 k €	-63.0%	379,8 k €	+798%	42,3 k €	+21.5%	34,8 k €
Debts	93,1 k €	+67.0%	55,7 k €	-34.0%	84,4 k €	-76.6%	360,9 k €	+109%	172,4 k €	-70.5%	584,7 k €	-22.4%	753,6 k €	-28.6%	1,1 M €	-28.4%	1,5 M €	+55.5%	948,2 k €	-21.1%	1,2 M €	+4.6%	1,1 M €	-10.1%	1,3 M €	+11.6%	1,1 M €	-4.0%	1,2 M €	+48.9%	801,8 k €	+220%	250,3 k €	-79.4%	1,2 M €	+376%	255,2 k €	+1.6%	251,1 k €
Other
Workforce	0,0 ETP		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 · 6 ended

Active mandates

Catherine Bastiaanen

Director · since 01 août 2011

Active

Benoit LIPS

Director

Active

Ended mandates

Cathérine Bastiaanen

Manager · since 01 août 2011

Ended

Benoit Lips

Manager · since 27 mai 2010

Ended

Benoit Lips

Manager

Ended

Cathérine Bastiaanen

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
BC Projects● Active	0628.846.644
LI-MAX● Active	0805.192.941
Maxelle● Active	1031.480.776
Sea Stone● Active	0631.865.423

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro 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	09/07/2026	03/04/2025	19/06/2024	17/08/2023	29/07/2022	25/02/2021
General meeting	05/06/2026	04/02/2025	28/02/2024	02/06/2023	03/06/2022	25/01/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	09/07/2026	Dutch	PDF
Abridged model	31/12/2024	04/02/2025	03/04/2025	Dutch	PDF
Micro model	31/12/2023	28/02/2024	19/06/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	17/08/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	25/01/2021	25/02/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	05/08/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	05/07/2019	Dutch	PDF
Micro model	31/12/2017	01/06/2018	07/06/2018	Dutch	PDF
Micro model	31/12/2016	02/06/2017	06/06/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	06/06/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	29/06/2015	Dutch	PDF
Abridged model	31/12/2013	31/03/2014	14/04/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	25/06/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	11/06/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	07/06/2010	Dutch	PDF
Abridged modelCorrection	31/12/2008	05/06/2009	22/12/2009	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	14/06/2008	Dutch	PDF
Abridged model	31/12/2006	03/06/2007	26/06/2007	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 · 6 ended

Active mandates

Catherine Bastiaanen

Director · since 01 août 2011

Active

Benoit LIPS

Director

Active

Ended mandates

Cathérine Bastiaanen

Manager · since 01 août 2011

Ended

Benoit Lips

Manager · since 27 mai 2010

Ended

Benoit Lips

Manager

Ended

Cathérine Bastiaanen

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office07/07/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates10/07/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office14/12/2021
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares03/01/2018
KAPITAAL - AANDELEN
PDF
Registered office05/06/2014
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares24/12/2013
KAPITAAL - AANDELEN
PDF
Mandates22/09/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/06/2010
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - 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 2025920,4 k €↓
2024
Annual accounts 20241,1 M €↑
2023
Annual accounts 2023652,6 k €↑
2022
Annual accounts 2022166,4 k €↓
2021
Annual accounts 2021350,1 k €↓
2020
Annual accounts 2020667,5 k €↑
2019
Annual accounts 2019616 k €↑
2018
Annual accounts 2018441 k €↑
2017
Annual accounts 2017229,1 k €↑
2016
Annual accounts 2016-5 k €↓
2015
Annual accounts 2015583,3 k €↑
2014
Annual accounts 2014574 k €↑
2013
Annual accounts 2013-29,2 k €↓
2012
Annual accounts 2012376,2 k €↓
2011
Annual accounts 2011637,1 k €↑
2010
Annual accounts 2010158,2 k €↓
2009
Annual accounts 2009682,6 k €↓
2008
Annual accounts 20081,2 M €↓
2007
Annual accounts 20071,2 M €↑
2006
Annual accounts 2006779 k €
23/12/1998
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

BELISY

Overview

What does BELISY 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

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline