ACTIVE

BELLSTAR

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Financial year 2025 · closed on 30/06/2025

Net result

26,1 k €

-46.4% YoY

Gross margin

39,2 k €

-42.7% YoY

Equity

435,8 k €

-4.1% YoY

What does BELLSTAR do?

BELLSTAR is a Private limited company incorporated in 2002. Its main activity is: Agents involved in the sale of timber and building materials. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.965.223

Incorporation

18/07/2002

Legal form

Private limited company

Registered office

Volkstraat 54 box 221
2000 Antwerpen · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

30/06/2025

Activities (NACE)

46130Agents involved in the sale of timber and building materials· main 46130Agents involved in the sale of timber and building materials 51130Passenger air transport

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	39,2 k €	-42.7%	68,5 k €	-43.0%	120,2 k €	+13.6%	105,8 k €	-3.4%	109,5 k €	+19.7%	91,5 k €	+44.0%	63,5 k €	+150%	25,4 k €	+78.2%	14,2 k €	-92.1%	181,4 k €	-2.2%	185,6 k €	-2.9%	191 k €	+4.4%	182,9 k €	-0.3%	183,5 k €	+17.6%	156,1 k €	-2.8%	160,6 k €	+39.6%	115 k €	+12.1%	102,6 k €	+87.7%	54,7 k €
EBITDA	37,5 k €	-44.1%	67,1 k €	-43.6%	119 k €	+17.0%	101,8 k €	-5.2%	107,4 k €	+20.0%	89,5 k €	+45.6%	61,5 k €	+153%	24,3 k €	+91.2%	12,7 k €	-92.9%	179,1 k €	-2.4%	183,6 k €	-2.7%	188,8 k €	+5.1%	179,6 k €	-1.1%	181,6 k €	+18.2%	153,6 k €	-1.5%	156 k €	+37.0%	113,8 k €	+20.2%	94,8 k €	+79.9%	52,7 k €
Operating result	37,5 k €	-44.1%	67,1 k €	-43.6%	119 k €	+32.3%	89,9 k €	+0.6%	89,4 k €	+7.3%	83,3 k €	+36.6%	61 k €	+151%	24,3 k €	+91.2%	12,7 k €	-92.3%	165,3 k €	-2.6%	169,7 k €	-3.0%	174,9 k €	+7.1%	163,2 k €	-8.7%	178,8 k €	+29.0%	138,6 k €	+9.7%	126,3 k €	+11.4%	113,4 k €	+20.4%	94,2 k €	+84.0%	51,2 k €
Net result	26,1 k €	-46.4%	48,7 k €	-43.1%	85,6 k €	+34.7%	63,6 k €	-0.0%	63,6 k €	+9.9%	57,8 k €	+29.0%	44,8 k €	+174%	16,4 k €	+613%	2,3 k €	-97.7%	100,3 k €	-10.1%	111,6 k €	-0.7%	112,5 k €	+8.0%	104,2 k €	-2.7%	107 k €	+1.4%	105,6 k €	+35.4%	78 k €	+10.8%	70,4 k €	+22.1%	57,6 k €	+73.8%	33,2 k €
Balance sheet
Equity	435,8 k €	-4.1%	454,5 k €	+7.7%	422,2 k €	+4.3%	404,7 k €	-0.6%	407,2 k €	+18.5%	343,6 k €	+20.2%	285,8 k €	+18.6%	241 k €	+7.3%	224,6 k €	+1.0%	222,3 k €	+42.3%	156,2 k €	0.0%	156,2 k €	+72.8%	90,4 k €	0.0%	90,4 k €	0.0%	90,4 k €	0.0%	90,4 k €	0.0%	90,4 k €	+23.8%	73 k €	+44.9%	50,4 k €
Total assets	519,3 k €	-1.4%	526,9 k €	-5.9%	560 k €	+27.2%	440,4 k €	+0.4%	438,5 k €	-1.5%	445,3 k €	+29.7%	343,4 k €	-7.1%	369,4 k €	+24.5%	296,6 k €	-14.9%	348,7 k €	+9.5%	318,4 k €	+17.2%	271,6 k €	-13.8%	315,1 k €	+47.3%	213,9 k €	-24.8%	284,5 k €	-46.0%	526,8 k €	+210%	169,8 k €	+12.5%	150,9 k €	+46.9%	102,8 k €
Cash	292,1 k €	+13.8%	256,7 k €	-16.1%	306,1 k €	+286%	79,4 k €	-79.9%	395,1 k €	+1.8%	388,2 k €	+17.8%	329,5 k €	+16.3%	283,3 k €	+0.5%	281,7 k €	-12.0%	320,1 k €	+29.1%	247,9 k €	+33.4%	185,8 k €	+32.0%	140,8 k €	-17.6%	170,8 k €	-21.2%	216,6 k €	+398%	43,5 k €	-66.4%	129,7 k €	+22.4%	105,9 k €	+150%	42,4 k €
Debts	83,5 k €	+15.3%	72,4 k €	-47.5%	137,8 k €	+286%	35,7 k €	+13.8%	31,4 k €	-69.2%	101,7 k €	+76.6%	57,6 k €	+143%	23,7 k €	-67.1%	72,1 k €	-43.0%	126,4 k €	-22.0%	162,2 k €	+40.6%	115,4 k €	-48.7%	224,7 k €	+82.0%	123,5 k €	-36.4%	194,1 k €	-55.5%	436,3 k €	+450%	79,4 k €	+1.9%	77,9 k €	+48.8%	52,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 2 ended

Active mandates

Marc Vandersmissen

Director · since 13 décembre 2023

Active

Ended mandates

Marc Vandersmissen

Director · since 16 juillet 2002

Ended

Marc Vandersmissen

Manager · since 16 juillet 2002

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/01/2026	24/01/2025	26/01/2024	27/01/2023	27/01/2022	29/01/2021
General meeting	26/12/2025	27/12/2024	29/12/2023	30/12/2022	31/12/2021	26/12/2020
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
Micro model	30/06/2025	26/12/2025	23/01/2026	Dutch	PDF
Micro model	30/06/2024	27/12/2024	24/01/2025	Dutch	PDF
Micro model	30/06/2023	29/12/2023	26/01/2024	Dutch	PDF
Micro model	30/06/2022	30/12/2022	27/01/2023	Dutch	PDF
Micro model	30/06/2021	31/12/2021	27/01/2022	Dutch	PDF
Micro model	30/06/2020	26/12/2020	29/01/2021	Dutch	PDF
Micro model	30/06/2019	27/12/2019	30/01/2020	Dutch	PDF
Micro model	30/06/2018	28/12/2018	29/01/2019	Dutch	PDF
Micro model	30/06/2017	29/12/2017	03/01/2018	Dutch	PDF
Abridged model	30/06/2016	30/12/2016	19/01/2017	Dutch	PDF
Abridged model	30/06/2015	26/12/2015	12/01/2016	Dutch	PDF
Abridged model	30/06/2014	26/12/2014	08/01/2015	Dutch	PDF
Abridged model	30/06/2013	27/12/2013	31/01/2014	Dutch	PDF
Abridged model	30/06/2012	28/12/2012	31/01/2013	Dutch	PDF
Abridged model	30/06/2011	30/12/2011	27/01/2012	Dutch	PDF
Abridged model	30/06/2010	31/12/2010	27/01/2011	Dutch	PDF
Abridged model	30/06/2009	28/12/2009	21/01/2010	Dutch	PDF
Abridged model	30/06/2008	26/12/2008	23/01/2009	Dutch	PDF
Abridged model	30/06/2007	28/12/2007	14/01/2008	Dutch	PDF
Abridged model	30/06/2006	29/12/2006	12/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 2 ended

Active mandates

Marc Vandersmissen

Director · since 13 décembre 2023

Active

Ended mandates

Marc Vandersmissen

Director · since 16 juillet 2002

Ended

Marc Vandersmissen

Manager · since 16 juillet 2002

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office31/03/2011
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN
PDF
Registered office22/01/2004
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 202526,1 k €↓
2024
Annual accounts 202448,7 k €↓
2023
Annual accounts 202385,6 k €↑
2022
Annual accounts 202263,6 k €↓
2021
Annual accounts 202163,6 k €↑
2020
Annual accounts 202057,8 k €↑
2019
Annual accounts 201944,8 k €↑
2018
Annual accounts 201816,4 k €↑
2017
Annual accounts 20172,3 k €↓
2016
Annual accounts 2016100,3 k €↓
2015
Annual accounts 2015111,6 k €↓
2014
Annual accounts 2014112,5 k €↑
2013
Annual accounts 2013104,2 k €↓
2012
Annual accounts 2012107 k €↑
2011
Annual accounts 2011105,6 k €↑
2010
Annual accounts 201078 k €↑
2009
Annual accounts 200970,4 k €↑
2008
Annual accounts 200857,6 k €↑
2007
Annual accounts 200733,2 k €
18/07/2002
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

BELLSTAR

Overview

What does BELLSTAR do?

Trend over 19 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