ACTIVE

BETA

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Financial year 2024 · closed on 31/12/2024

Net result

4,1 M €

-20.4% YoY

Equity

389,3 M €

+1.1% YoY

What does BETA do?

BETA is a Public limited company incorporated in 1998. Its main activity is: Activities of holding companies. Its registered office is in Eupen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0465.102.132

Incorporation

30/12/1998

Legal form

Public limited company

Registered office

Hütte 79
4700 Eupen · WallonieSee on map

Contributed capital

9 800 000,00 €

Latest accounts

31/12/2024

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	–		–		-2,9 M €	-260%	-813,2 k €	+66.6%	-2,4 M €	+68.4%	-7,7 M €	-18167%	-42,2 k €	-344%	-9,5 k €	+94.0%	-159,3 k €		–		–		-19,1 k €	-134%	-8,2 k €	-92.3%	-4,2 k €	+71.2%	-14,7 k €	-35.0%	-10,9 k €	+48.7%	-21,3 k €	-252%	-6 k €	+34.7%	-9,2 k €
EBITDA	-4,7 M €	-59.8%	-2,9 M €	+57.6%	-6,9 M €	-477%	-1,2 M €	+58.8%	-2,9 M €	+70.2%	-9,8 M €	-16929%	-57,3 k €	-43.1%	-40,1 k €	+81.3%	-214,1 k €	-121%	-96,7 k €	-40.6%	-68,8 k €	+7.5%	-74,3 k €	-18.5%	-62,7 k €	+13.0%	-72,1 k €	+4.2%	-75,2 k €	-590%	-10,9 k €	+48.7%	-21,3 k €	-252%	-6 k €	+34.7%	-9,2 k €
Operating result	-5,5 M €	-105%	-2,7 M €	-747%	-313,6 k €	+96.9%	-10,2 M €	-250%	-2,9 M €	+70.2%	-9,8 M €	-16929%	-57,3 k €	-43.1%	-40,1 k €	+81.3%	-214,1 k €	-142%	508,3 k €	+839%	-68,8 k €	+7.5%	-74,3 k €	-18.5%	-62,7 k €	+13.0%	-72,1 k €	+4.2%	-75,2 k €	-590%	-10,9 k €	+48.7%	-21,3 k €	-252%	-6 k €	+34.7%	-9,2 k €
Net result	4,1 M €	-20.4%	5,1 M €	+242%	-3,6 M €	+5.2%	-3,8 M €	+45.1%	-6,9 M €	-102%	382,4 M €	+165895%	230,4 k €	-30.5%	331,4 k €	+73.3%	191,2 k €	+146%	77,6 k €	-42.2%	134,4 k €	+139%	-342,4 k €	-209%	315,1 k €	+58.9%	198,2 k €	+11.7%	177,4 k €	+54.6%	114,8 k €	-30.7%	165,7 k €	+35.2%	122,6 k €	+8.9%	112,5 k €
Balance sheet
Equity	389,3 M €	+1.1%	385,2 M €	+1.4%	380 M €	-0.9%	383,6 M €	-1.0%	387,4 M €	-1.8%	394,4 M €	+3187%	12 M €	+2.0%	11,8 M €	+2.9%	11,4 M €	+1.7%	11,2 M €	+0.7%	11,2 M €	+1.2%	11 M €	-3.0%	11,4 M €	+2.8%	11,1 M €	+1.8%	10,9 M €	+91.1%	5,7 M €	+59.2%	3,6 M €	+4.9%	3,4 M €	+3.7%	3,3 M €
Total assets	392,5 M €	+1.6%	386,3 M €	+0.5%	384,4 M €	-2.0%	392,3 M €	-4.9%	412,6 M €	+4.4%	395 M €	+1970%	19,1 M €	-4.0%	19,9 M €	-3.8%	20,7 M €	-3.6%	21,4 M €	-5.5%	22,7 M €	-0.4%	22,8 M €	-0.7%	22,9 M €	+3.0%	22,3 M €	+6.4%	20,9 M €	+133%	9 M €	+30.3%	6,9 M €	+18.2%	5,8 M €	+1.5%	5,7 M €
Cash	3,3 M €	-72.4%	12 M €	-36.3%	18,9 M €	-64.2%	52,7 M €	-31.2%	76,6 M €	+407%	15,1 M €	+1896%	757 k €	+337%	173,1 k €	+7.8%	160,6 k €	-49.3%	316,7 k €	-74.5%	1,2 M €	+56.1%	796 k €	+2695%	28,5 k €	-72.4%	103 k €	+28.5%	80,1 k €	+110%	38,2 k €	-86.8%	290,2 k €	-69.6%	953,5 k €	+7.6%	886,5 k €
Debts	3,1 M €	+192%	1,1 M €	-67.1%	3,3 M €	+1591%	193 k €	-99.2%	25,2 M €	+3781%	648,3 k €	-90.8%	7,1 M €	-12.3%	8,1 M €	-12.4%	9,2 M €	-9.4%	10,2 M €	-11.6%	11,5 M €	-1.8%	11,7 M €	+1.5%	11,5 M €	+4.2%	11,1 M €	+10.7%	10 M €	+205%	3,3 M €	-0.9%	3,3 M €	+37.0%	2,4 M €	-1.5%	2,5 M €
Other
Workforce	–		0,0 ETP	-100%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 29 ended

Active mandates

HONOREM HM MANAGEMENT

Director · since 12 août 2021 · until 21 avril 2026 · 0766.636.629

Represented by Marc Ceyssens

Active

Andreas MÜLLER

Managing director · since 21 avril 2020 · until 17 juin 2026

Active

Helga MÜLLER

Managing director · since 21 avril 2020 · until 17 juin 2026

Active

Melanie MÜLLER

Director · since 21 avril 2020 · until 17 juin 2026

Active

Ended mandates

HONOREM HM MANAGEMENT

Director · since 12 août 2021 · until 21 avril 2026 · 0766.636.629

Represented by Marc CEYSSENS

Ended

HONOREM HM MANAGEMENT

Director · since 12 août 2021 · until 17 juin 2026 · 0766.636.629

Represented by Marc CEYSSENS

Ended

Andreas MÜLLER

Managing director · since 21 avril 2020 · until 21 avril 2026

Ended

BML MANAGEMENT

Director · since 21 avril 2020 · until 30 octobre 2023 · 0738.821.977

Represented by Matthias LAUKIN

Ended

At this address

Other companies at this address

Company	CBE no.
Advance Mobility Experts● Active	1005.388.865
AMBE● Active	1007.719.241
AMCOTEC● Active	0457.411.121
ANT RE● Active	0417.204.720
BayWa r.e. Benelux● Active	0762.770.386
BELGERO International Trading Ltd & Co KG● Active	0882.279.039
BML MANAGEMENT● Active	0738.821.977
BMR GREEN ENERGY● Active	0899.614.523
BROWN & PARTNER CORP. KG● Liquidation	0864.757.077
CMD - Elinam● Active	1039.280.566
D.G.GROUPE● Active	0730.903.413
ENTWICKLUNGS- UND BETEILIGUNGSGESELLSCHAFT OSTBELGIENS● Active	0437.216.117
ESCO● Active	0459.664.588
Genpro KG● Liquidation	0880.667.552
HEDO● Active	0433.720.256
IKB GROUP● Active	0647.924.861
Institut für Evidenz, Bedürfnisse, wissenschaftlicher Methodik und Kommunikation zu Gesundheitstechnologien● Active	0798.299.013
INTER IMEX● Liquidation	0563.935.630
ITEESI, EUROPEAN DIVISION, BELGIUM● Active	0454.028.096
Josef KIRSCHVINK architecte● Active	0830.053.744

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/07/2025	28/06/2024	19/07/2023	27/07/2022	17/08/2021	18/06/2020
General meeting	12/06/2025	27/06/2024	12/07/2023	14/07/2022	12/08/2021	17/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	12/06/2025	16/07/2025	German	PDF
Full model	31/12/2023	27/06/2024	28/06/2024	German	PDF
Abridged model	31/12/2022	12/07/2023	19/07/2023	German	PDF
Abridged model	31/12/2021	14/07/2022	27/07/2022	German	PDF
Abridged model	31/12/2020	12/08/2021	17/08/2021	German	PDF
Abridged model	31/12/2019	17/06/2020	18/06/2020	German	PDF
Abridged model	31/12/2018	19/06/2019	28/06/2019	German	PDF
Abridged model	31/12/2017	18/06/2018	03/07/2018	German	PDF
Micro model	31/12/2016	21/06/2017	20/07/2017	German	PDF
Full model	31/12/2015	15/06/2016	23/06/2016	German	PDF
Full model	31/12/2014	03/06/2015	24/07/2015	Dutch	PDF
Abridged model	31/12/2013	08/04/2014	12/06/2014	Dutch	PDF
Abridged model	31/12/2012	08/08/2013	09/08/2013	Dutch	PDF
Abridged model	31/12/2011	20/06/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	01/08/2011	French	PDF
Abridged model	31/12/2009	16/06/2010	23/07/2010	Dutch	PDF
Abridged model	31/12/2008	17/06/2009	26/08/2009	German	PDF
Abridged model	31/12/2007	18/06/2008	29/07/2008	German	PDF
Abridged model	31/12/2006	30/06/2007	11/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 29 ended

Active mandates

HONOREM HM MANAGEMENT

Director · since 12 août 2021 · until 21 avril 2026 · 0766.636.629

Represented by Marc Ceyssens

Active

Andreas MÜLLER

Managing director · since 21 avril 2020 · until 17 juin 2026

Active

Helga MÜLLER

Managing director · since 21 avril 2020 · until 17 juin 2026

Active

Melanie MÜLLER

Director · since 21 avril 2020 · until 17 juin 2026

Active

Ended mandates

HONOREM HM MANAGEMENT

Director · since 12 août 2021 · until 21 avril 2026 · 0766.636.629

Represented by Marc CEYSSENS

Ended

HONOREM HM MANAGEMENT

Director · since 12 août 2021 · until 17 juin 2026 · 0766.636.629

Represented by Marc CEYSSENS

Ended

Andreas MÜLLER

Managing director · since 21 avril 2020 · until 21 avril 2026

Ended

BML MANAGEMENT

Director · since 21 avril 2020 · until 30 octobre 2023 · 0738.821.977

Represented by Matthias LAUKIN

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/06/2026
ENTLASSUNG - ERNENNUNG
PDF
Mandates19/12/2023
ENTLASSUNG - ERNENNUNG
PDF
Mandates16/11/2023
ENTLASSUNG - ERNENNUNG
PDF
Mandates20/10/2023
ENTLASSUNG - ERNENNUNG
PDF
Mandates28/09/2023
ENTLASSUNG - ERNENNUNG
PDF
Mandates15/10/2021
ENTLASSUNG - ERNENNUNG
PDF
Mandates24/04/2020
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/10/2016
ENTLASSUNG - ERNENNUNG
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

2024
Annual accounts 20244,1 M €↓
2023
Annual accounts 20235,1 M €↑
01/11/2023
nominationHonorem HM Management GmbH — Verwalter
14/09/2023
nominationHonorem HM Management GmbH — delegierten Verwalter
12/07/2023
nominationChristian Schmetz — Kommissar
2022
Annual accounts 2022-3,6 M €↑
2021
Annual accounts 2021-3,8 M €↑
2020
Annual accounts 2020-6,9 M €↓
2019
Annual accounts 2019382,4 M €↑
2018
Annual accounts 2018230,4 k €↓
2017
Annual accounts 2017331,4 k €↑
2016
Annual accounts 2016191,2 k €↑
2015
Annual accounts 201577,6 k €↓
2014
Annual accounts 2014134,4 k €↑
2013
Annual accounts 2013-342,4 k €↓
2012
Annual accounts 2012315,1 k €↑
2011
Annual accounts 2011198,2 k €↑
2010
Annual accounts 2010177,4 k €↑
2009
Annual accounts 2009114,8 k €↓
2008
Annual accounts 2008165,7 k €↑
2007
Annual accounts 2007122,6 k €↑
2006
Annual accounts 2006112,5 k €
30/12/1998
IncorporationPublic 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

BETA

Overview

What does BETA do?

Trend over 19 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