ACTIVE

BELGRECO

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Financial year 2025 · closed on 30/09/2025
Net result
-9,3 k €
+9.7% YoY
Gross margin
2,9 k €
-38.5% YoY
Equity
321,7 k €
-2.8% YoY

What does BELGRECO do?

BELGRECO is a Public limited company incorporated in 2000. Its registered office is in Kortrijk.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0471.297.858
Incorporation
28/02/2000
Legal form
Public limited company
Registered office
Guldenbergplantsoen(Kor) 6 box 41
8500 Kortrijk · FlandreSee on map
Contributed capital
630 000,00 €
Latest accounts
30/09/2025
Signals
Solid equity
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220112010200920082007
Income statement
Gross margin2,9 k €4,8 k €12,9 k €5,3 k €9,6 k €9,2 k €5,6 k €6 k €3,7 k €
EBITDA-2,5 k €-3,5 k €6,7 k €396,4 €4,5 k €5,6 k €446,3 €1,3 k €-7,9 k €
Operating result-9,3 k €-10,3 k €167,9 €-6,1 k €-13,3 k €-13,6 k €-18,8 k €-18 k €-27,2 k €
Net result-9,3 k €-10,3 k €143,9 €-6,2 k €-13,4 k €-13,7 k €-18,9 k €-18,1 k €-27,8 k €
Balance sheet
Equity321,7 k €331 k €341,3 k €341,2 k €502,4 k €515,8 k €529,5 k €548,4 k €566,4 k €
Total assets448 k €455,6 k €459,5 k €461,1 k €521 k €530,4 k €542 k €561,9 k €587,8 k €
Cash639,5 €3,3 k €9,6 k €5,9 k €1,1 k €338,5 €340,5 €1,4 k €378,4 €
Debts126,3 k €124,6 k €118,2 k €117 k €18,6 k €14,7 k €12,5 k €13,5 k €21,3 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 17 ended

Active mandates

Lutgarde Van Bogaert

Bestuurder · since 30 novembre 2023 · until 13 janvier 2029

Active
VAMACO

Bestuurder · since 13 janvier 2023 · until 13 janvier 2029 · 0448.559.276

Represented by Patrick Maes

Active

Ended mandates

Lutgarde Van Bogaert

Bestuurder · since 30 novembre 2023 · until 12 janvier 2029

Ended
Lutgarde Van Bogaert

Director · since 13 janvier 2023 · until 12 janvier 2029

Ended
VAMACO

Managing director · since 13 janvier 2023 · until 12 janvier 2029 · 0448.559.276

Represented by Patrick MAES

Ended
VAMACO

Gedelegeerd bestuurder · since 13 janvier 2023 · until 12 janvier 2029 · 0448.559.276

Represented by Patrick Maes

Ended
At this address

Other companies at this address

CompanyCBE no.
POLIANA● Active
0875.646.516
VAMACO● Active
0448.559.276
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date19/05/202629/04/202523/04/202401/03/202330/03/202210/02/2021
General meeting29/04/202610/01/202531/03/202413/01/202314/01/202210/01/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202529/04/202619/05/2026DutchPDF
Abridged model30/09/202410/01/202529/04/2025DutchPDF
Abridged model30/09/202331/03/202423/04/2024DutchPDF
Abridged model30/09/202213/01/202301/03/2023DutchPDF
Abridged model30/09/202114/01/202230/03/2022DutchPDF
Abridged model30/09/202010/01/202110/02/2021DutchPDF
Abridged model30/09/201910/01/202026/02/2020DutchPDF
Abridged model30/09/201808/01/201915/02/2019DutchPDF
Abridged model30/09/201712/01/201807/02/2018DutchPDF
Abridged model30/09/201610/01/201716/02/2017DutchPDF
Abridged model30/09/201508/01/201625/02/2016DutchPDF
Abridged model30/09/201409/01/201512/02/2015DutchPDF
Abridged model30/09/201310/01/201431/03/2014DutchPDF
Abridged model30/09/201211/01/201322/03/2013DutchPDF
Abridged model30/09/201113/01/201223/03/2012DutchPDF
Abridged model30/09/201014/01/201121/03/2011DutchPDF
Abridged model30/09/200908/01/201005/03/2010DutchPDF
Abridged model30/09/200809/01/200930/01/2009DutchPDF
Abridged model30/09/200711/01/200825/03/2008DutchPDF
Abridged model30/09/200612/01/200720/02/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 30/09/2025 · 2 active · 17 ended

Active mandates

Lutgarde Van Bogaert

Bestuurder · since 30 novembre 2023 · until 13 janvier 2029

Active
VAMACO

Bestuurder · since 13 janvier 2023 · until 13 janvier 2029 · 0448.559.276

Represented by Patrick Maes

Active

Ended mandates

Lutgarde Van Bogaert

Bestuurder · since 30 novembre 2023 · until 12 janvier 2029

Ended
Lutgarde Van Bogaert

Director · since 13 janvier 2023 · until 12 janvier 2029

Ended
VAMACO

Managing director · since 13 janvier 2023 · until 12 janvier 2029 · 0448.559.276

Represented by Patrick MAES

Ended
VAMACO

Gedelegeerd bestuurder · since 13 janvier 2023 · until 12 janvier 2029 · 0448.559.276

Represented by Patrick Maes

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates13/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/09/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/04/2017
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/03/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares21/02/2007
    KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office25/07/2005
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates12/05/2005
    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

Timeline

  1. 2025
    Annual accounts 2025-9,3 k €↑
  2. 2024
    Annual accounts 2024-10,3 k €↓
  3. 2023
    Annual accounts 2023143,9 €↑
  4. 2022
    Annual accounts 2022-6,2 k €↑
  5. 2011
    Annual accounts 2011-13,4 k €↑
  6. 2010
    Annual accounts 2010-13,7 k €↑
  7. 2009
    Annual accounts 2009-18,9 k €↓
  8. 2008
    Annual accounts 2008-18,1 k €↑
  9. 2007
    Annual accounts 2007-27,8 k €
  10. 28/02/2000
    IncorporationPublic limited company