ACTIVE

BEL@RT

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Financial year 2025 · closed on 31/12/2025

Net result

154,7 k €

+123.9% YoY

Gross margin

216,9 k €

+48.6% YoY

Equity

2,1 M €

+8.0% YoY

What does BEL@RT do?

BEL@RT is a Private limited company incorporated in 2000. Its main activity is: Management consultancy activities. Its registered office is in Koksijde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0471.557.976

Incorporation

30/03/2000

Legal form

Private limited company

Registered office

Lucionplein(Kok) 8 box 0402
8670 Koksijde · FlandreSee on map

Contributed capital

644 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 63920Other information service activities 63990Other information service activities n.e.c.70210Public relations and communication activities+5

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	216,9 k €	+48.6%	145,9 k €	+26.9%	115 k €	+25.9%	91,3 k €	-15.2%	107,7 k €	+1.1%	106,6 k €	+1.3%	105,2 k €	+136%	44,6 k €	-45.6%	82,1 k €	-70.1%	274,7 k €	+3.3%	265,9 k €	+35.2%	196,7 k €	-17.1%	237,3 k €	-4.8%	249,2 k €	+316%	59,8 k €	-69.5%	196,3 k €	+76.6%	111,1 k €	+53.2%	72,5 k €
EBITDA	208,8 k €	+51.4%	138 k €	+28.6%	107,3 k €	+27.5%	84,1 k €	-15.3%	99,3 k €	-0.2%	99,6 k €	+1.2%	98,4 k €	+159%	38 k €	-50.3%	76,5 k €	-68.0%	239,2 k €	-6.9%	256,9 k €	+36.1%	188,8 k €	-12.2%	214,9 k €	-11.7%	243,4 k €	+351%	53,9 k €	-70.8%	184,8 k €	+70.0%	108,7 k €	+53.1%	71 k €
Operating result	181,1 k €	+64.4%	110,2 k €	+39.1%	79,2 k €	+55.2%	51 k €	-22.8%	66,1 k €	+93.4%	34,2 k €	+12.8%	30,3 k €	+192%	-33 k €	-1264%	2,8 k €	-98.1%	147,6 k €	-2.4%	151,2 k €	+97.6%	76,5 k €	-32.0%	112,5 k €	-2.3%	115,2 k €	+3891%	2,9 k €	-95.8%	68 k €	-21.0%	86,1 k €	+87.4%	45,9 k €
Net result	154,7 k €	+124%	69,1 k €	+7.8%	64,1 k €	-36.3%	100,7 k €	+116%	46,7 k €	+189%	-52,6 k €	-113%	389,4 k €	+1150%	31,1 k €	+141%	-76,8 k €	-262%	47,3 k €	-43.1%	83,1 k €	+87.1%	44,4 k €	-29.9%	63,4 k €	+4.2%	60,8 k €	-23.5%	79,5 k €	+120%	36,2 k €	-32.8%	53,8 k €	+98.3%	27,1 k €
Balance sheet
Equity	2,1 M €	+8.0%	1,9 M €	+3.7%	1,9 M €	+3.5%	1,8 M €	+5.9%	1,7 M €	+8.2%	1,6 M €	-2.7%	1,6 M €	+31.5%	1,2 M €	+2.6%	1,2 M €	-6.0%	1,3 M €	+3.8%	1,2 M €	+59.1%	775,5 k €	+6.1%	731,1 k €	+9.5%	667,7 k €	+10.0%	606,9 k €	+15.1%	527,4 k €	+119%	241,2 k €	+29.1%	186,9 k €
Total assets	4,9 M €	-0.4%	5 M €	+0.2%	4,9 M €	-0.4%	5 M €	-0.1%	5 M €	-0.6%	5 M €	-0.9%	5 M €	+7.6%	4,7 M €	+3.0%	4,6 M €	-2.8%	4,7 M €	+109%	2,2 M €	+22.1%	1,8 M €	-2.2%	1,9 M €	+5.1%	1,8 M €	+84.8%	967,3 k €	+23.4%	783,7 k €	+4.9%	747 k €	+112%	351,7 k €
Cash	6,8 k €	-78.7%	31,8 k €	+554%	4,9 k €	-84.6%	31,5 k €	+90.7%	16,5 k €	+68.9%	9,8 k €	-14.8%	11,5 k €	-27.5%	15,8 k €	-46.0%	29,3 k €	-71.3%	102,1 k €	-83.1%	604,5 k €	+315%	145,8 k €	+319%	34,8 k €	-68.3%	109,6 k €	-5.5%	116 k €	-5.5%	122,8 k €	-61.7%	320,4 k €	+398%	64,4 k €
Debts	2,6 M €	-6.2%	2,7 M €	-2.2%	2,8 M €	-2.9%	2,9 M €	-3.5%	3 M €	-4.9%	3,1 M €	-0.4%	3,1 M €	-2.7%	3,2 M €	+1.6%	3,2 M €	-3.4%	3,3 M €	+249%	938,6 k €	-8.0%	1 M €	-8.9%	1,1 M €	+4.2%	1,1 M €	+243%	313,5 k €	+30.8%	239,6 k €	+228%	73,1 k €	-55.7%	164,9 k €

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 31/12/2025 · 1 active · 4 ended

Active mandates

Bert Wullaert

Director · since 08 novembre 2023

Active

Ended mandates

Bert Wullaert

Administrator - manager · since 15 mars 2000

Ended

Bert Wullaert

Manager · since 15 mars 2000

Ended

Bert Wullaert

Director

Ended

Bert Wullaert

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
HOLIVAN● Active	0812.115.969
MarMiCo● Active	1017.725.186
PlanetNeurones● Active	0816.937.364
Vereniging van Mede-eigenaars Residentie La Mascotte te Koksijde, Lucionplein 8● Active	0889.165.247

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro 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	07/07/2026	25/07/2025	25/07/2024	20/07/2023	28/07/2022	25/08/2021
General meeting	12/06/2026	08/07/2025	15/07/2024	30/06/2023	30/06/2022	03/08/2021
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	12/06/2026	07/07/2026	Dutch	PDF
Abridged model	31/12/2024	08/07/2025	25/07/2025	Dutch	PDF
Abridged model	31/12/2023	15/07/2024	25/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	20/07/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	28/07/2022	Dutch	PDF
Abridged model	31/12/2020	03/08/2021	25/08/2021	Dutch	PDF
Abridged model	31/12/2019	23/06/2020	27/07/2020	Dutch	PDF
Abridged model	31/12/2018	20/09/2019	11/10/2019	Dutch	PDF
Abridged model	31/12/2017	30/07/2018	16/08/2018	Dutch	PDF
Abridged model	31/12/2016	20/09/2017	27/09/2017	Dutch	PDF
Abridged model	31/12/2015	30/09/2016	04/10/2016	Dutch	PDF
Abridged model	31/12/2014	30/09/2015	07/10/2015	Dutch	PDF
Abridged model	31/12/2013	13/06/2014	15/07/2014	Dutch	PDF
Abridged model	31/12/2012	14/06/2013	19/06/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	23/07/2012	Dutch	PDF
Abridged model	31/12/2010	09/07/2011	18/08/2011	Dutch	PDF
Abridged model	31/12/2009	11/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	28/09/2007	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 31/12/2025 · 1 active · 4 ended

Active mandates

Bert Wullaert

Director · since 08 novembre 2023

Active

Ended mandates

Bert Wullaert

Administrator - manager · since 15 mars 2000

Ended

Bert Wullaert

Manager · since 15 mars 2000

Ended

Bert Wullaert

Director

Ended

Bert Wullaert

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares06/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares07/08/2008
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Registered office18/05/2006
MAATSCHAPPELIJKE ZETEL
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

2025
Annual accounts 2025154,7 k €↑
2024
Annual accounts 202469,1 k €↑
2023
Annual accounts 202364,1 k €↓
2022
Annual accounts 2022100,7 k €↑
2021
Annual accounts 202146,7 k €↑
2018
Annual accounts 2018-52,6 k €↓
2017
Annual accounts 2017389,4 k €↑
2016
Annual accounts 201631,1 k €↑
2015
Annual accounts 2015-76,8 k €↓
2014
Annual accounts 201447,3 k €↓
2013
Annual accounts 201383,1 k €↑
2012
Annual accounts 201244,4 k €↓
2011
Annual accounts 201163,4 k €↑
2010
Annual accounts 201060,8 k €↓
2009
Annual accounts 200979,5 k €↑
2008
Annual accounts 200836,2 k €↓
2007
Annual accounts 200753,8 k €↑
2006
Annual accounts 200627,1 k €
30/03/2000
IncorporationPrivate 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

BEL@RT

Overview

What does BEL@RT do?

Trend over 18 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