ACTIVE

BELCO FLANDERS

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Financial year 2025 · Closed on 31/12/2025

Net result120,3 k €+11,6 %over 1 year

Gross margin2,3 M €+29,4 %over 1 year

Equity2,4 M €+5,3 %over 1 year

Workforce1,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

BELCO FLANDERS is a Public limited company incorporated in 2000. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Gent. It employs on average 1,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0471.483.544
Incorporation: 22/03/2000
Legal form: Public limited company
Registered office: Bellevue 5 box 301
9050 Gent · FlandreSee on map
Contributed capital: 62 000,00 €
Latest accounts: 31/12/2025
Average workforce: 1,0 ETP

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 70322Activities of head offices; management consultancy activities 81100Combined facilities support activities 81100Combined facilities support activities

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2,3 M €	+29.4%	1,8 M €	+28.6%	1,4 M €	-31.2%	2 M €	-12.6%	2,3 M €
EBITDA	1,9 M €	+28.1%	1,5 M €	+35.0%	1,1 M €	-35.3%	1,7 M €	-15.1%	2 M €
Operating result	1,1 M €	+53.2%	708,9 k €	+56.1%	454 k €	-62.3%	1,2 M €	-14.1%	1,4 M €
Net result	120,3 k €	+11.6%	107,8 k €	+55.5%	69,3 k €	-55.4%	155,2 k €	-7.5%	167,8 k €
Balance sheet
Equity	2,4 M €	+5.3%	2,3 M €	+5.0%	2,2 M €	+3.3%	2,1 M €	+8.0%	1,9 M €
Total assets	10,8 M €	-3.4%	11,2 M €	+8.5%	10,3 M €	+30.7%	7,9 M €	+2.1%	7,7 M €
Cash	284,6 k €	-3.3%	294,4 k €	+133%	126,5 k €	-30.1%	180,8 k €	-11.2%	203,5 k €
Debts	8,2 M €	-7.7%	8,9 M €	+9.3%	8,1 M €	+41.4%	5,7 M €	+0.2%	5,7 M €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-9.1%	1,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
AMITEX0429.270.332Represented by Pierre VAN HEUVERSWYN	Director12/02/2004 → 30/05/2028
GECOM0438.524.330Represented by Francis Geernaert	Director12/02/2004 → 30/05/2028
MAGECO0445.654.820Represented by Greta De Leenheer	Managing director26/10/2008 → 30/05/2028Director26/10/2007 → 2021 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GECOM0841.675.829Represented by Francis Geernaert	Director30/05/2010 → 2014 accounts
SWEETEST TABOO0428.266.777Represented by Toni Vandewalle	Director30/05/2010 → 2014 accounts

Other companies at this address

Bellevue 5 9050 Gent

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Full financial information

Source · NBB

	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	28/08/2026	11/07/2025	28/08/2024	31/08/2023	31/08/2022	25/08/2021
General meeting	12/08/2026	30/05/2025	30/05/2024	30/05/2023	30/05/2022	30/05/2021
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	12/08/2026	28/08/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	11/07/2025	Dutch	PDF
Abridged model	31/12/2023	30/05/2024	28/08/2024	Dutch	PDF
Abridged model	31/12/2022	30/05/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/05/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	30/05/2021	25/08/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	09/07/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	22/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/05/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	30/05/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/05/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	23/06/2014	Dutch	PDF
Abridged model	31/12/2012	30/05/2013	27/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/05/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/05/2011	20/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/05/2010	01/06/2010	Dutch	PDF
Abridged model	31/12/2008	30/05/2009	02/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	10/06/2008	Dutch	PDF
Abridged model	31/12/2006	30/05/2007	19/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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

3 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
AMITEX0429.270.332Represented by Pierre VAN HEUVERSWYN	Director12/02/2004 → 30/05/2028
GECOM0438.524.330Represented by Francis Geernaert	Director12/02/2004 → 30/05/2028
MAGECO0445.654.820Represented by Greta De Leenheer	Managing director26/10/2008 → 30/05/2028Director26/10/2007 → 2021 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GECOM0841.675.829Represented by Francis Geernaert	Director30/05/2010 → 2014 accounts
SWEETEST TABOO0428.266.777Represented by Toni Vandewalle	Director30/05/2010 → 2014 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other16/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates24/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/08/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/06/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/12/2007
ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/07/2007
Zetelverplaatsing
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

Filings18 filings

Mandates

AMITEX

GECOM

MAGECO

SWEETEST TABOO

GECOM

John GEERNAERT

C.E.R. - CLINICAL ENGINEERING & RESEARCH

20002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

BELCO FLANDERS

Bellevue 5 bte 301, 9050 Ledeberg (Gent)Bellevue 5 bte 301, 9050 Ledeberg (Gent)

Director

Managing directorDirector

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Bellevue 5 bte 301, 9050 Ledeberg (Gent)Current	accounts 2025	Accounts 2025 · 2026-00479702
Bellevue 5 bus 301, 9050 Ledeberg (Gent)	accounts 2024	Accounts 2024 · 2025-00266177
Bellevue 5 bte 301, 9050 Ledeberg (Gent)	accounts 2021 → 2023	Accounts 2023 · 2024-00398750

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BELCO FLANDERSCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00479702

Events

2025
Annual accounts 2025120,3 k €↑
2024
Annual accounts 2024107,8 k €↑
2023
Annual accounts 202369,3 k €↓
2022
Annual accounts 2022155,2 k €↓
2021
Annual accounts 2021167,8 k €↑
2018
Annual accounts 2018136 k €↑
2017
Annual accounts 2017135,3 k €↑
2016
Annual accounts 2016126,1 k €↓
2015
Annual accounts 2015132,5 k €↑
2014
Annual accounts 2014125,7 k €↑
2013
Annual accounts 2013102,6 k €↑
2012
Annual accounts 201295,9 k €↓
2011
Annual accounts 2011114,9 k €↑
2010
Annual accounts 201045,3 k €↓
2009
Annual accounts 200992,9 k €↓
2008
Annual accounts 2008109,1 k €↑
2007
Annual accounts 200780,2 k €↑
2006
Annual accounts 200611,2 k €
22/03/2000
IncorporationPublic limited company

BELCO FLANDERS

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