ACTIVE

BELVIR

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Financial year 2024 · closed on 31/12/2024

Net result

17,6 M €

+575.0% YoY

Equity

38,1 M €

+17.4% YoY

What does BELVIR do?

BELVIR is a Public limited company incorporated in 2003. Its registered office is in Uccle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.701.622

Incorporation

05/03/2003

Legal form

Public limited company

Registered office

Rue Vanderkindere 467
1180 Uccle · BruxellesSee on map

Contributed capital

11 544 910,00 €

Latest accounts

31/12/2024

Signals

ProfitableSolid equityLow riskPositive cashflow

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	–		–		–		–		–		–		–		–		–		–		–		–		–		–		-6,4 k €	+20.9%	-8,1 k €	-93.9%	-4,2 k €	+59.4%	-10,3 k €	-171%	-3,8 k €
EBITDA	-26,7 k €	+29.6%	-37,9 k €	-244%	-11 k €	+91.9%	-135,5 k €	-341%	-30,7 k €	-268%	-8,3 k €	+39.7%	-13,8 k €	-44.0%	-9,6 k €	+40.2%	-16,1 k €	-91.0%	-8,4 k €	-13.9%	-7,4 k €	+2.2%	-7,6 k €	+9.6%	-8,4 k €	-30.6%	-6,4 k €	+12.9%	-7,3 k €	+20.5%	-9,2 k €	-80.0%	-5,1 k €	+60.9%	-13,1 k €	-172%	-4,8 k €
Operating result	-26,7 k €	+29.6%	-37,9 k €	-244%	-11 k €	+91.9%	-135,5 k €	-341%	-30,7 k €	-268%	-8,3 k €	+39.7%	-13,8 k €	-44.0%	-9,6 k €	+40.2%	-16,1 k €	-91.0%	-8,4 k €	-13.9%	-7,4 k €	+2.2%	-7,6 k €	+9.6%	-8,4 k €	-30.6%	-6,4 k €	+12.9%	-7,3 k €	+20.5%	-9,2 k €	-80.0%	-5,1 k €	+60.9%	-13,1 k €	-172%	-4,8 k €
Net result	17,6 M €	+575%	2,6 M €	-14.8%	3,1 M €	+67.1%	1,8 M €	-89.2%	17 M €	+4883%	-355,3 k €	-266%	-97 k €	-103%	3 M €	-71.5%	10,5 M €	+147%	4,2 M €	-29.2%	6 M €	+5.5%	5,7 M €	-34.7%	8,7 M €	-0.1%	8,7 M €	+90162%	-9,7 k €	-101%	1,2 M €	+20928%	-5,6 k €	+57.2%	-13,2 k €	-117%	75,6 k €
Balance sheet
Equity	38,1 M €	+17.4%	32,5 M €	-9.4%	35,9 M €	+3.1%	34,8 M €	+5.6%	33 M €	+106%	16 M €	-39.3%	26,3 M €	-0.4%	26,4 M €	+12.7%	23,4 M €	+81.1%	13 M €	-0.4%	13 M €	-3.0%	13,4 M €	+1.4%	13,2 M €	+5.7%	12,5 M €	+5.9%	11,8 M €	-0.1%	11,8 M €	+1.5%	11,7 M €	-0.0%	11,7 M €	+449%	2,1 M €
Total assets	107,1 M €	+12.1%	95,5 M €	+2.3%	93,3 M €	-1.2%	94,5 M €	-8.0%	102,7 M €	+6.9%	96,1 M €	+12.3%	85,6 M €	+8.1%	79,2 M €	+1.7%	77,8 M €	+332%	18 M €	-8.0%	19,6 M €	+3.2%	19 M €	-11.0%	21,3 M €	+1.0%	21,1 M €	+3.8%	20,3 M €	+58.2%	12,9 M €	+10.0%	11,7 M €	+0.0%	11,7 M €	+445%	2,1 M €
Cash	466,1 k €	-7.0%	501,3 k €	-12.2%	570,9 k €	-19.8%	712,2 k €	-22.6%	920,1 k €	+15312%	6 k €	-57.2%	13,9 k €	-47.8%	26,7 k €	-98.8%	2,2 M €	+387%	461,4 k €	-1.8%	469,9 k €	+724%	57,1 k €	+66.2%	34,3 k €	-71.4%	120 k €	+2053%	5,6 k €	-59.9%	13,9 k €	+4255%	319,1 €	-56.2%	729,1 €	-70.3%	2,5 k €
Debts	68,9 M €	+9.4%	63 M €	+9.7%	57,4 M €	-3.8%	59,7 M €	-14.4%	69,8 M €	-12.9%	80,1 M €	+35.2%	59,3 M €	+12.4%	52,7 M €	-3.0%	54,4 M €	+971%	5,1 M €	-22.9%	6,6 M €	+18.1%	5,6 M €	-31.3%	8,1 M €	-5.8%	8,6 M €	+1.0%	8,5 M €	+730%	1 M €	+2628%	37,6 k €	+23.9%	30,4 k €	+64.8%	18,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 24 ended

Active mandates

Société Industrielle Vloeberghs-Maurage

Director · since 01 janvier 2022 · 0401.211.893

Represented by Rodolphe d'Oultremont

Active

Bertrand CATTEAU

Director · since 30 juillet 2020

Active

Ended mandates

Société Industrielle Vloeberghs-Maurage

Director · since 01 janvier 2022 · 0401.211.893

Represented by Rodolphe d'Oultremont

Ended

Bertrand CATTEAU

Director · since 11 février 2021

Ended

ESAB HOLDING

Director · since 30 juillet 2020 · 0474.511.924

Represented by Rodolphe d'Oultremont

Ended

Bertrand CATTEAU

Director · since 24 novembre 2014 · until 20 avril 2020

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/08/2025	25/09/2024	31/08/2023	25/08/2022	31/08/2021	03/12/2020
General meeting	28/08/2025	28/08/2024	30/08/2023	10/08/2022	25/08/2021	30/07/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	28/08/2025	28/08/2025	French	PDF
Full model	31/12/2023	28/08/2024	25/09/2024	French	PDF
Full model	31/12/2022	30/08/2023	31/08/2023	French	PDF
Full model	31/12/2021	10/08/2022	25/08/2022	French	PDF
Full model	31/12/2020	25/08/2021	31/08/2021	French	PDF
Full model	31/12/2019	30/07/2020	03/12/2020	French	PDF
Full model	31/12/2018	28/08/2019	30/08/2019	French	PDF
Full model	31/12/2017	24/08/2018	30/08/2018	French	PDF
Full model	31/12/2016	28/08/2017	29/08/2017	French	PDF
Full model	31/12/2015	20/04/2016	19/08/2016	French	PDF
Full model	31/12/2014	15/05/2015	24/08/2015	French	PDF
Full model	31/12/2013	07/05/2014	29/08/2014	French	PDF
Full model	31/12/2012	17/04/2013	23/08/2013	French	PDF
Full model	31/12/2011	18/04/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	20/04/2011	25/08/2011	French	PDF
Abridged model	31/12/2009	21/04/2010	28/06/2010	French	PDF
Abridged model	31/12/2008	15/04/2009	27/08/2009	French	PDF
Abridged model	31/12/2007	16/04/2008	02/09/2008	French	PDF
Abridged model	31/12/2006	18/04/2007	29/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 31/12/2024 · 2 active · 24 ended

Active mandates

Société Industrielle Vloeberghs-Maurage

Director · since 01 janvier 2022 · 0401.211.893

Represented by Rodolphe d'Oultremont

Active

Bertrand CATTEAU

Director · since 30 juillet 2020

Active

Ended mandates

Société Industrielle Vloeberghs-Maurage

Director · since 01 janvier 2022 · 0401.211.893

Represented by Rodolphe d'Oultremont

Ended

Bertrand CATTEAU

Director · since 11 février 2021

Ended

ESAB HOLDING

Director · since 30 juillet 2020 · 0474.511.924

Represented by Rodolphe d'Oultremont

Ended

Bertrand CATTEAU

Director · since 24 novembre 2014 · until 20 avril 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other08/03/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates16/03/2023
DEMISSIONS, NOMINATIONS
PDF
Registered office22/12/2022
SIEGE SOCIAL
PDF
Mandates19/02/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates04/02/2015
DEMISSIONS, NOMINATIONS
PDF
Registered office07/02/2013
SIEGE SOCIAL
PDF
Mandates08/10/2012
DEMISSIONS, NOMINATIONS
PDF
Capital / shares08/02/2012
CAPITAL, ACTIONS
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

2024
Annual accounts 202417,6 M €↑
2023
Annual accounts 20232,6 M €↓
2022
Annual accounts 20223,1 M €↑
01/01/2022
nominationSoclété Industrielle Vloeberghs Maurage SA (SIVM) — administrateur
2021
Annual accounts 20211,8 M €↓
2020
Annual accounts 202017 M €↑
2019
Annual accounts 2019-355,3 k €↓
2018
Annual accounts 2018-97 k €↓
2017
Annual accounts 20173 M €↓
2016
Annual accounts 201610,5 M €↑
2015
Annual accounts 20154,2 M €↓
2014
Annual accounts 20146 M €↑
2013
Annual accounts 20135,7 M €↓
2012
Annual accounts 20128,7 M €↓
2011
Annual accounts 20118,7 M €↑
2010
Annual accounts 2010-9,7 k €↓
2009
Annual accounts 20091,2 M €↑
2008
Annual accounts 2008-5,6 k €↑
2007
Annual accounts 2007-13,2 k €↓
2006
Annual accounts 200675,6 k €
05/03/2003
IncorporationPublic 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

BELVIR

Overview

What does BELVIR 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