ACTIVE

BELINCO

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Financial year 2025 · closed on 31/12/2025

Net result

-202,4 k €

+46.2% YoY

Gross margin

926,1 k €

+24.3% YoY

Equity

-1 M €

-24.4% YoY

What does BELINCO do?

BELINCO is a Private limited company incorporated in 2016. Its main activity is: Legal activities. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0647.636.732

Incorporation

29/01/2016

Legal form

Private limited company

Registered office

Rue des Deux Eglises 31
1000 Bruxelles · BruxellesSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

69109Legal activities· main 69109Legal activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Signals

Good liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017
Income statement
Gross margin	926,1 k €	+24.3%	745,3 k €	-7.6%	806,5 k €	+485%	137,9 k €	+551%	-30,6 k €	-2782%	-1,1 k €	+60.0%	-2,7 k €	-384%	-549 €	-102%	25,1 k €
EBITDA	730,9 k €	+30.8%	558,8 k €	-6.8%	599,8 k €	+616%	-116,3 k €	-253%	-32,9 k €	-142%	-13,6 k €	-413%	-2,7 k €	-294%	-674 €	-103%	24,9 k €
Operating result	378,4 k €	+82.9%	206,9 k €	-60.8%	528,3 k €	+554%	-116,3 k €	-235%	-34,7 k €	-83.5%	-18,9 k €	-527%	-3 k €	-172%	-1,1 k €	-105%	23 k €
Net result	-202,4 k €	+46.2%	-376,4 k €	-1211%	-28,7 k €	+91.3%	-329,6 k €	-251%	-93,8 k €	-395%	-19 k €	-499%	-3,2 k €	-456%	886,9 €	-94.3%	15,6 k €
Balance sheet
Equity	-1 M €	-24.4%	-828 k €	-83.4%	-451,5 k €	-6.8%	-422,8 k €	-354%	-93,2 k €	-15208%	616,9 €	-96.8%	19,6 k €	-13.9%	22,7 k €	+4.1%	21,8 k €
Total assets	12,7 M €	-1.2%	12,8 M €	-5.3%	13,6 M €	+11.2%	12,2 M €	+18.5%	10,3 M €	+4664%	216,1 k €	+924%	21,1 k €	-10.1%	23,5 k €	-32.0%	34,5 k €
Cash	173 k €	+259%	48,1 k €	-87.1%	373,5 k €	+40.1%	266,5 k €	+22.8%	217 k €	+3745%	5,6 k €	-12.8%	6,5 k €	-53.0%	13,8 k €	-26.6%	18,8 k €
Debts	13,4 M €	+0.0%	13,4 M €	-0.2%	13,4 M €	+6.3%	12,6 M €	+21.5%	10,4 M €	+4720%	215,5 k €	+13885%	1,5 k €	+105%	750 €	-94.1%	12,7 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 · 2 active · 8 ended

Active mandates

Curalia

Director · since 15 décembre 2022 · 0406.290.141

Represented by CAROLINE DE BLIECK

Active

CURALIA BROKERS

Director · since 15 décembre 2022 · 0463.745.716

Represented by ALAIN CRAPS

Active

Ended mandates

CURALIA BROKERS

Director · since 13 novembre 2024 · 0463.745.716

Represented by ALAIN CRAPS

Ended

CURALIA BROKERS

Director · since 15 décembre 2022 · 0463.745.716

Represented by PIERRE VOSSEN

Ended

Curalia

Director · since 04 mai 2021 · 0406.290.141

Represented by CAROLINE DE BLIECK

Ended

BERENGER DROUIN

Administrator - manager · since 21 septembre 2019

Ended

At this address

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MEDICAL WEB SERVICES● Active	0475.483.112
Westlimco● Active	0466.566.931

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro 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	16/06/2026	19/06/2025	13/06/2024	25/07/2023	26/08/2022	15/07/2021
General meeting	09/06/2026	10/06/2025	11/06/2024	30/06/2023	15/06/2022	16/06/2021
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

9 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	09/06/2026	16/06/2026	Dutch	PDF
Abridged model	31/12/2024	10/06/2025	19/06/2025	Dutch	PDF
Abridged model	31/12/2023	11/06/2024	13/06/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	25/07/2023	Dutch	PDF
Micro model	31/12/2021	15/06/2022	26/08/2022	Dutch	PDF
Micro model	31/12/2020	16/06/2021	15/07/2021	Dutch	PDF
Micro model	31/12/2019	17/06/2020	05/10/2020	Dutch	PDF
Micro model	31/12/2018	19/06/2019	23/08/2019	Dutch	PDF
Micro model	31/12/2017	20/06/2018	30/08/2018	French	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 · 2 active · 8 ended

Active mandates

Curalia

Director · since 15 décembre 2022 · 0406.290.141

Represented by CAROLINE DE BLIECK

Active

CURALIA BROKERS

Director · since 15 décembre 2022 · 0463.745.716

Represented by ALAIN CRAPS

Active

Ended mandates

CURALIA BROKERS

Director · since 13 novembre 2024 · 0463.745.716

Represented by ALAIN CRAPS

Ended

CURALIA BROKERS

Director · since 15 décembre 2022 · 0463.745.716

Represented by PIERRE VOSSEN

Ended

Curalia

Director · since 04 mai 2021 · 0406.290.141

Represented by CAROLINE DE BLIECK

Ended

BERENGER DROUIN

Administrator - manager · since 21 septembre 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other09/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates04/01/2023
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/10/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other02/02/2016
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025-202,4 k €↑
2024
Annual accounts 2024-376,4 k €↓
2023
Annual accounts 2023-28,7 k €↑
2022
Annual accounts 2022-329,6 k €↓
2021
Annual accounts 2021-93,8 k €↓
2020
Annual accounts 2020-19 k €↓
2019
Annual accounts 2019-3,2 k €↓
2018
Annual accounts 2018886,9 €↓
2017
Annual accounts 201715,6 k €
29/01/2016
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

BELINCO

Overview

What does BELINCO do?

Trend over 9 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