ACTIVE

BELLIARD SECURITISATION

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Financial year 2025 · closed on 31/12/2025

Revenue

7,4 M €

+50.7% YoY

Equity

62 k €

0.0% YoY

What does BELLIARD SECURITISATION do?

BELLIARD SECURITISATION is a Public limited company incorporated in 1999. Its main activity is: Trusts, funds and similar financial entities. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0465.507.948

Incorporation

23/02/1999

Legal form

Public limited company

Registered office

Boulevard Bischoffsheim 33
1000 Bruxelles · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

64300Trusts, funds and similar financial entities· main 64310Trusts, funds and similar financial entities 64922Other credit granting 64922Other credit granting 64929Other credit granting 64929Other credit granting

Signals

Good liquidityPositive EBITDA

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 17 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	7,4 M €	+50.7%	4,9 M €	+14.9%	4,3 M €	+11.5%	3,8 M €	+41.4%	2,7 M €	+379%	567,7 k €		–		–		–		–		–		–		–		–		–		–		–
EBITDA	4,2 M €	+48.6%	2,9 M €	+6.8%	2,7 M €	+37.3%	1,9 M €	-0.1%	2 M €	+470%	342 k €	+13086%	-2,6 k €	-0.9%	-2,6 k €	-50.3%	-1,7 k €	-104%	-850 €	+38.9%	-1,4 k €	-64.2%	-847,1 €	-102%	34,9 k €	-80.5%	179 k €	-91.4%	2,1 M €	+358%	-804 k €	+20.0%	-1 M €
Operating result	3,8 M €	+91.5%	2 M €	+32.8%	1,5 M €	+10.7%	1,4 M €	+5.9%	1,3 M €	+325%	300,5 k €	+11510%	-2,6 k €	-0.9%	-2,6 k €	-50.3%	-1,7 k €	-104%	-850 €	+38.9%	-1,4 k €	-64.2%	-847,1 €	-102%	34,9 k €	-80.5%	179 k €	-91.4%	2,1 M €	+358%	-804 k €	+20.0%	-1 M €
Net result	–		–		–		–		3,7 k €	+399%	-1,3 k €	-800%	-139,3 €	+23.4%	-181,9 €	-126%	711,7 €	-51.4%	1,5 k €	+203%	-1,4 k €	-66.9%	-852,8 €	+58.8%	-2,1 k €		–		6,2 k €	0.0%	6,2 k €	0.0%	6,2 k €
Balance sheet
Equity	62 k €	0.0%	62 k €	0.0%	62 k €	0.0%	62 k €	0.0%	62 k €	+6.4%	58,3 k €	-2.1%	59,5 k €	-0.2%	59,6 k €	-0.3%	59,8 k €	+1.2%	59,1 k €	+2.5%	57,7 k €	-2.4%	59,1 k €	-1.4%	59,9 k €	-3.3%	62 k €	0.0%	62 k €	0.0%	62 k €	0.0%	62 k €
Total assets	190,4 M €	+84.2%	103,4 M €	+20.4%	85,9 M €	+2.6%	83,7 M €	+23.6%	67,7 M €	+105%	33,1 M €	+54556%	60,5 k €	-0.3%	60,7 k €	+0.2%	60,6 k €	+2.5%	59,1 k €	+2.3%	57,8 k €	-2.2%	59,1 k €	-1.5%	60 k €	-46.0%	111,2 k €	-93.4%	1,7 M €	-97.9%	79,3 M €	-14.0%	92,2 M €
Cash	1,4 M €	+202%	468,2 k €	-30.5%	673,2 k €	-19.4%	834,9 k €	-9.9%	926,6 k €	-7.8%	1 M €	+15946%	6,3 k €	-13.8%	7,3 k €	-11.1%	8,2 k €	+21.8%	6,7 k €	-88.4%	57,8 k €	-2.2%	59,1 k €	-1.5%	60 k €	-44.1%	107,2 k €	-93.1%	1,6 M €	-83.6%	9,6 M €	+110%	4,5 M €
Debts	173,5 M €	+99.7%	86,9 M €	+24.7%	69,7 M €	+1.6%	68,6 M €	+25.8%	54,5 M €	+171%	20,2 M €	+1959573%	1 k €	-3.4%	1,1 k €	+42.0%	750 €		–		151,3 €		–		47,2 €	-99.5%	8,7 k €	-99.2%	1,1 M €	-98.5%	76,3 M €	-14.7%	89,5 M €

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 31/12/2018 · 2 active · 19 ended

Active mandates

PATRONALE LIFE

Director · since 28 mars 2012 · 0415.120.705

Represented by Werner Van Walle

Active

Patronale Life NV

Director · since 28 mars 2012 · 0403.288.089

Represented by Filip Moeykens

Active

Ended mandates

Fork Capital NV

Director · since 28 mars 2012 · 0478.163.181

Represented by Werner Van Walle

Ended

David Govaert

Director · since 15 avril 2010 · until 15 avril 2015

Ended

Eddy Pannecoucke

Chairman of the board of directors · since 15 avril 2009 · until 15 avril 2014

Ended

Eddy Pannecoucke

Chairman of the board of directors · since 15 avril 2009 · until 15 avril 2015

Ended

At this address

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Annual accounts

Full financial information

	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	02/06/2026	04/06/2025	31/05/2024	26/05/2023	30/05/2022	06/12/2021
General meeting	21/05/2026	08/05/2025	16/05/2024	11/05/2023	12/05/2022	26/11/2021
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
Abridged model	31/12/2025	21/05/2026	02/06/2026	Dutch	PDF
Abridged model	31/12/2024	08/05/2025	04/06/2025	Dutch	PDF
Abridged model	31/12/2023	16/05/2024	31/05/2024	Dutch	PDF
Abridged model	31/12/2022	11/05/2023	26/05/2023	Dutch	PDF
Abridged model	31/12/2021	12/05/2022	30/05/2022	Dutch	PDF
Abridged model	31/12/2020	26/11/2021	06/12/2021	Dutch	PDF
Abridged model	31/12/2019	05/11/2021	15/11/2021	Dutch	PDF
Abridged model	31/12/2018	06/05/2019	05/08/2019	Dutch	PDF
Abridged model	31/12/2017	16/04/2018	12/06/2018	Dutch	PDF
Abridged model	31/12/2016	12/06/2017	12/07/2017	Dutch	PDF
Abridged model	31/12/2015	15/04/2016	12/07/2016	Dutch	PDF
Full model	31/12/2014	15/04/2015	18/06/2015	Dutch	PDF
Full model	31/12/2013	15/04/2014	20/08/2014	Dutch	PDF
Full model	31/12/2012	15/06/2013	25/06/2013	Dutch	PDF
Full model	31/12/2011	28/03/2012	26/04/2012	Dutch	PDF
Full model	31/12/2010	15/04/2011	04/05/2011	Dutch	PDF
Full model	31/12/2009	15/04/2010	07/05/2010	Dutch	PDF
Full model	31/12/2008	15/04/2009	24/04/2009	Dutch	PDF
Full model	31/12/2007	15/04/2008	30/04/2008	Dutch	PDF
Full model	31/12/2006	16/04/2007	07/06/2007	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 31/12/2018 · 2 active · 19 ended

Active mandates

PATRONALE LIFE

Director · since 28 mars 2012 · 0415.120.705

Represented by Werner Van Walle

Active

Patronale Life NV

Director · since 28 mars 2012 · 0403.288.089

Represented by Filip Moeykens

Active

Ended mandates

Fork Capital NV

Director · since 28 mars 2012 · 0478.163.181

Represented by Werner Van Walle

Ended

David Govaert

Director · since 15 avril 2010 · until 15 avril 2015

Ended

Eddy Pannecoucke

Chairman of the board of directors · since 15 avril 2009 · until 15 avril 2014

Ended

Eddy Pannecoucke

Chairman of the board of directors · since 15 avril 2009 · until 15 avril 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other12/12/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates27/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/12/2022
ONTSLAGEN - BENOEMINGEN
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

21/05/2026
nominationWilliam Rutten — commissaris
2025
Annual accounts 2025
08/05/2025
reconductionEY Bedrijfsrevisoren BV — commissaris
2024
Annual accounts 2024
16/05/2024
reconductionFilip Moeykens — bestuurder
08/01/2024
nominationJohan Vandenberghe — bijzondere volmachthouder
08/01/2024
nominationYves Flypo — bijzondere volmachthouder
2023
Annual accounts 2023
2022
Annual accounts 2022
14/11/2022
nominationJan Vanden Abeele — gedelegeerd bestuurder
14/11/2022
nominationFilip Moeykens — voorzitter van de raad van bestuur
02/06/2022
nominationFilip MOEYKENS — bijzondere volmachthouder
02/06/2022
nominationWerner VAN WALLE — bijzondere volmachthouder
02/06/2022
nominationBart CORNU — bijzondere volmachthouder
02/06/2022
nominationOlivier NOKERMAN — bijzondere volmachthouder
02/06/2022
nominationJohan VANDENBERGHE — bijzondere volmachthouder
02/06/2022
nominationJan VANDEN ABEELE — bijzondere volmachthouder
02/06/2022
nominationAntonella VAN DE PUTTE — bijzondere volmachthouder
02/06/2022
nominationYves FLYPO — bijzondere volmachthouder
02/06/2022
nominationDaisy Deraymaeker — bijzondere volmacht
12/05/2022
nominationAntonella VAN DE PUTTE — bestuurder
12/05/2022
nominationJan VANDEN ABEELE — bestuurder
12/05/2022
reconductionEY Bedrijfsrevisoren BV — commissaris
2020
Annual accounts 20203,7 k €↑
2019
Annual accounts 2019-1,3 k €↓
2018
Annual accounts 2018-139,3 €↑
2017
Annual accounts 2017-181,9 €↓
2016
Annual accounts 2016711,7 €↓
2015
Annual accounts 20151,5 k €↑
2014
Annual accounts 2014-1,4 k €↓
2013
Annual accounts 2013-852,8 €↑
2012
Annual accounts 2012-2,1 k €↓
2012
Name changeBELLIARD SECURITISATION
2011
Annual accounts 2011
2010
Annual accounts 20106,2 k €↑
2009
Annual accounts 20096,2 k €↑
2008
Annual accounts 20086,2 k €
2008
Name changeEVE-EERSTE VLAAMSE EFFECTISERING
23/02/1999
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

BELLIARD SECURITISATION

Overview

What does BELLIARD SECURITISATION do?

Trend over 17 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