ACTIVE

BELFIMA INVEST

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Financial year 2025 · Closed on 31/12/2025

Net result1,2 M €-4,4 %over 1 year

Gross margin-1,2 M €+7,1 %over 1 year

Equity130,9 M €-1,4 %over 1 year

Workforce0,5 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

BELFIMA INVEST is a Public limited company incorporated in 1999. Its main activity is: Activities of holding companies. Its registered office is in Merelbeke-Melle. It employs on average 0,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0466.014.328
Incorporation: 07/05/1999
Legal form: Public limited company
Registered office: Collegebaan 2C
9090 Merelbeke-Melle · FlandreSee on map
Contributed capital: 42 513 739,50 €
Latest accounts: 31/12/2025
Average workforce: 0,5 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Joint committees (2)

200
2000

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 13 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-1,2 M €	+7.1%	-1,3 M €		–		–		–
EBITDA	-1,4 M €	+4.6%	-1,5 M €	-302%	-377,6 k €	-95.2%	-193,5 k €	-206%	-63,2 k €
Operating result	-1,5 M €	+5.0%	-1,6 M €	-263%	-432,2 k €	-73.0%	-249,8 k €	-109%	-119,4 k €
Net result	1,2 M €	-4.4%	1,2 M €	-13.6%	1,4 M €	-98.2%	81,1 M €	+4546%	1,7 M €
Balance sheet
Equity	130,9 M €	-1.4%	132,7 M €	-2.3%	135,8 M €	+1.1%	134,4 M €	+152%	53,2 M €
Total assets	138,5 M €	+0.6%	137,7 M €	-1.3%	139,6 M €	+0.8%	138,5 M €	+135%	59 M €
Cash	1,2 M €	-58.0%	2,9 M €	-46.9%	5,4 M €	-83.2%	32,2 M €	+677%	4,1 M €
Debts	7,6 M €	+52.7%	5 M €	+31.4%	3,8 M €	-8.5%	4,1 M €	-27.4%	5,7 M €
Other
Workforce	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Katty De Walsche	Director17/06/2004 → 19/06/2032Bestuurder21/12/2020 → 2022 accountsended
Peter De Cuyper	Managing director17/06/2004 → 19/06/2032Gedelegeerd bestuurder21/12/2020 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alex De Cuyper	Director18/06/2016 → 2020 accounts
Dirk De Cuyper	Director18/06/2016 → 2020 accounts

Other companies at this address

Collegebaan 2C 9090 Merelbeke-Melle

Company	CBE no.
Bird Larsen● Active	0773.960.129
Didec Management● Active	0726.607.006
Ecospenser Technologies● Active	0807.674.161
Ecospenser Trading● Active	0676.518.184
EMDEC● Active	0743.959.217
Fodec Management● Active	0726.607.303
IMMO BELINVEST● Active	0439.689.023
IMMO TRADEC● Active	0439.777.214
JUDEC● Active	0792.918.184
Primmodec● Active	1015.944.940
TRADEC INVEST● Active	0453.976.133
TRADIDEC● Active	0464.996.422
VALUEDEC● Active	0780.548.112

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Full model	Full model	Full model	Full 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	07/07/2026	25/07/2025	30/09/2024	13/07/2023	19/07/2022	19/07/2021
General meeting	20/06/2026	21/06/2025	13/08/2024	30/06/2023	11/07/2022	19/06/2021
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

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	20/06/2026	07/07/2026	Dutch	PDF
Abridged model	31/12/2024	21/06/2025	25/07/2025	Dutch	PDF
Full model	31/12/2023	13/08/2024	30/09/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	13/07/2023	Dutch	PDF
Full model	31/12/2021	11/07/2022	19/07/2022	Dutch	PDF
Full model	31/12/2020	19/06/2021	19/07/2021	Dutch	PDF
Full model	31/12/2019	20/06/2020	16/07/2020	Dutch	PDF
Full model	31/12/2018	15/06/2019	12/07/2019	Dutch	PDF
Full model	31/12/2017	16/06/2018	25/07/2018	Dutch	PDF
Full model	31/12/2016	17/06/2017	04/07/2017	Dutch	PDF
Full model	31/12/2015	18/06/2016	06/07/2016	Dutch	PDF
Full model	31/12/2014	20/06/2015	16/07/2015	Dutch	PDF
Full model	31/12/2013	21/06/2014	03/07/2014	Dutch	PDF
Full model	31/12/2012	15/06/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	16/06/2012	22/06/2012	Dutch	PDF
Abridged model	31/12/2010	18/06/2011	22/06/2011	Dutch	PDF
Abridged model	31/12/2009	19/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	20/06/2009	14/08/2009	Dutch	PDF
Abridged model	31/12/2007	21/06/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	16/06/2007	31/08/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Katty De Walsche	Director17/06/2004 → 19/06/2032Bestuurder21/12/2020 → 2022 accountsended
Peter De Cuyper	Managing director17/06/2004 → 19/06/2032Gedelegeerd bestuurder21/12/2020 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alex De Cuyper	Director18/06/2016 → 2020 accounts
Dirk De Cuyper	Director18/06/2016 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates21/09/2026
ONTSLAGEN, BENOEMINGEN
PDF
Other12/06/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Capital / shares12/06/2026
DIVERSEN - KAPITAAL - AANDELEN
PDF
Mandates17/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/12/2020
MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/01/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/09/2010
ONTSLAGEN - BENOEMINGEN
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

Filings13 filings

Mandates

Katty De Walsche

Peter De Cuyper

Alex De Cuyper

Dirk De Cuyper

Kathy DE WALSCHE

1999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029203020312032

BELFIMA INVEST

Collegebaan 2/C, 9090 Merelbeke-MelleCollegebaan 2C, 9090 Merelbeke-Melle

DirectorBestuurder

Managing directorGedelegeerd bestuurder

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Collegebaan 2C, 9090 Merelbeke-MelleCurrent		CBE
Collegebaan 2 bte C, 9090 Merelbeke-Melle	accounts 2025	Accounts 2025 · 2026-00279746
Collegebaan 2/C, 9090 Merelbeke-Melle	accounts 2023 → 2024	Accounts 2024 · 2025-00333374
Collegebaan 2C, 9090 Merelbeke-Melle	accounts 2021 → 2022	Accounts 2022 · 2023-00247377

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BELFIMA INVESTCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00279746

Events

10/06/2026
reduction_capital
2025
Annual accounts 20251,2 M €↓
2024
Annual accounts 20241,2 M €↓
2023
Annual accounts 20231,4 M €↓
2022
Annual accounts 202281,1 M €↑
2021
Annual accounts 20211,7 M €↓
2013
Annual accounts 201313,5 M €↑
2012
Annual accounts 20121,5 M €↑
2011
Annual accounts 2011-1,3 M €↓
2010
Annual accounts 20104,7 M €↑
2009
Annual accounts 2009903,4 k €↑
2008
Annual accounts 2008-4,1 M €↑
2007
Annual accounts 2007-8,8 M €↑
2006
Annual accounts 2006-15,1 M €
07/05/1999
IncorporationPublic limited company

BELFIMA INVEST

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events