ACTIVE

BELGAPAD

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
18,7 k €
+754.6% YoY
Gross margin
-144,3 k €
-11.8% YoY
Equity
8,9 M €
+0.2% YoY

What does BELGAPAD do?

BELGAPAD is a Public limited company incorporated in 2012. Its registered office is in Bruxelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0501.966.486
Incorporation
13/12/2012
Legal form
Public limited company
Registered office
Avenue Louise 350
1050 Bruxelles · BruxellesSee on map
Contributed capital
1 558 413,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021201820172016201520142013
Income statement
Gross margin-144,3 k €-129 k €-63,8 k €-54,2 k €-66,3 k €-14,9 k €-55 k €-63,7 k €-39,1 k €-1,3 k €-14,2 k €
EBITDA-144,3 k €-129 k €-63,8 k €-58,4 k €-66,3 k €-15,3 k €-55,9 k €-64,9 k €-40,1 k €-1,7 k €-15 k €
Operating result-145,4 k €-132,8 k €-67,7 k €-61,2 k €-68,5 k €-25,3 k €-66 k €-74,9 k €-50,2 k €-1,7 k €-15 k €
Net result18,7 k €2,2 k €870,5 €34,4 k €5,5 k €-69,2 k €-66,2 k €-75,7 k €-17,2 k €46,2 k €-15 k €
Balance sheet
Equity8,9 M €8,9 M €8,9 M €8,9 M €8,8 M €1,4 M €1,4 M €1,5 M €1,6 M €1,6 M €1,5 M €
Total assets9 M €8,9 M €9,1 M €9 M €8,9 M €1,4 M €1,4 M €1,5 M €1,6 M €1,6 M €1,5 M €
Cash186,7 k €284,5 k €344,2 k €420,1 k €540,7 k €862,5 k €207,3 k €263,1 k €369,9 k €701,8 k €39,9 k €
Debts86,5 k €29,1 k €199,1 k €134,6 k €92,9 k €–4,7 k €4,3 k €5,5 k €–553 €
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

Pierre-Antoine Dusoulier

Director · since 24 mars 2021 · until 24 mars 2027

Active

Ended mandates

Holdingpad

Director · since 13 décembre 2012 · 0849.873.319

Represented by Dusoulier Pierre-Antoine

Ended
Holdingpad

Director · since 13 décembre 2012 · until 06 juin 2018

Represented by Pierre Antoine Dusoulier

Ended
Pierre Antoine Dusoulier

Director · since 13 décembre 2012 · until 06 juin 2018

Ended
Pierre-Antoine Dusoulier

Director · since 13 décembre 2012

Ended
At this address

Other companies at this address

CompanyCBE no.
AFRAN CONSULTING● Active
0679.480.545
Antar Legacy● Active
1017.498.227
Apiwork belgie● Active
0737.418.744
ASK NESTOR● Active
0821.822.305
ASSOCIATION OF EUROPEAN AIRLINES● Liquidation
0840.171.636
BEYOND LAW FIRM● Active
0646.993.760
Denis Consulting● Active
0731.714.649
DOSHA CONCEPT● Active
0756.968.303
EightySeven● Active
1041.971.129
FinStrat● Active
0786.589.331
Gootwob● Active
0716.956.791
LE CONSEIL DES SOCIETES POUR LA GESTION DES DROITS DES ARTISTES INTERPRETES● Active
0899.822.379
LET’S BOWL● Liquidation
0751.592.424
Montin Group● Active
1026.948.502
NLS Optima● Active
1036.583.669
POWER FX● Active
1002.713.348
Practinn● Active
0745.539.129
PROPTECH LAB● Bankrupt
0723.968.210
RELEVATION● Active
0763.350.408
RTT Commerce● Active
0672.990.651
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/08/202629/08/202512/07/202413/07/202308/07/202214/07/2021
General meeting03/06/202604/06/202505/06/202407/06/202301/06/202202/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202503/06/202631/08/2026FrenchPDF
Abridged model31/12/202404/06/202529/08/2025FrenchPDF
Abridged model31/12/202305/06/202412/07/2024FrenchPDF
Abridged model31/12/202207/06/202313/07/2023FrenchPDF
Abridged model31/12/202101/06/202208/07/2022FrenchPDF
Abridged model31/12/202002/06/202114/07/2021FrenchPDF
Abridged model31/12/201903/06/202016/07/2020FrenchPDF
Micro model31/12/201805/06/201905/09/2019FrenchPDF
Micro model31/12/201706/06/201826/12/2018FrenchPDF
Micro model31/12/201607/06/201710/06/2018FrenchPDF
Abridged model31/12/201513/06/201623/06/2016FrenchPDF
Abridged model31/12/201403/06/201531/07/2015FrenchPDF
Abridged model31/12/201304/06/201403/07/2014FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2025 · 1 active · 8 ended

Active mandates

Pierre-Antoine Dusoulier

Director · since 24 mars 2021 · until 24 mars 2027

Active

Ended mandates

Holdingpad

Director · since 13 décembre 2012 · 0849.873.319

Represented by Dusoulier Pierre-Antoine

Ended
Holdingpad

Director · since 13 décembre 2012 · until 06 juin 2018

Represented by Pierre Antoine Dusoulier

Ended
Pierre Antoine Dusoulier

Director · since 13 décembre 2012 · until 06 juin 2018

Ended
Pierre-Antoine Dusoulier

Director · since 13 décembre 2012

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates15/04/2021
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Registered office07/01/2014
    SIEGE SOCIAL
    PDF
  • Other24/12/2012
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 202518,7 k €↑
  2. 2024
    Annual accounts 20242,2 k €↑
  3. 2023
    Annual accounts 2023870,5 €↓
  4. 2022
    Annual accounts 202234,4 k €↑
  5. 2021
    Annual accounts 20215,5 k €↑
  6. 2018
    Annual accounts 2018-69,2 k €↓
  7. 2017
    Annual accounts 2017-66,2 k €↑
  8. 2016
    Annual accounts 2016-75,7 k €↓
  9. 2015
    Annual accounts 2015-17,2 k €↓
  10. 2014
    Annual accounts 201446,2 k €↑
  11. 2013
    Annual accounts 2013-15 k €
  12. 13/12/2012
    IncorporationPublic limited company