BELRAD
0658.810.637 · rovalta.com · 22/09/2026
NORMAL SITUATION
BELRAD
Financial year 2023 · closed on 30/06/2023
Net result
372 k €
-57.0% YoY
Gross margin
1,3 M €
-33.1% YoY
Equity
2,3 M €
+19.6% YoY
Workforce
20,1 ETP
+12.3% YoY
Company — Normal situation.
Overview
What does BELRAD do?
BELRAD is a company registered in Belgium. It employs on average 20,1 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0658.810.637
Legal form
Private company with limited liability
Contributed capital
150 000,00 €
Latest accounts
30/06/2023
Average workforce
20,1 ETP
Joint committees (2)
- 124
- 200
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 7 financial years
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||
| Gross margin | 1,3 M € | -33.1% | 1,9 M € | +14.9% | 1,6 M € | +71.5% | 955,9 k € | +94.4% | 491,8 k € | +106% | 238,2 k € | +81.5% | 131,3 k € |
| EBITDA | 553,7 k € | -19.2% | 685,1 k € | -26.3% | 929,9 k € | +57.0% | 592,3 k € | +149% | 237,9 k € | +178% | 85,5 k € | +22.0% | 70,1 k € |
| Operating result | 532,5 k € | -20.4% | 668,7 k € | -26.2% | 906,3 k € | +61.9% | 559,9 k € | +167% | 209,4 k € | +185% | 73,4 k € | +39.6% | 52,6 k € |
| Net result | 372 k € | -57.0% | 865,1 k € | +50.0% | 576,8 k € | +45.9% | 395,4 k € | +166% | 148,8 k € | +158% | 57,6 k € | +83.2% | 31,5 k € |
| Balance sheet | |||||||||||||
| Equity | 2,3 M € | +19.6% | 1,9 M € | +61.3% | 1,2 M € | +96.0% | 600,9 k € | +57.3% | 382 k € | +63.9% | 233,1 k € | +28.5% | 181,5 k € |
| Total assets | 6,6 M € | -20.5% | 8,3 M € | +32.3% | 6,3 M € | +111% | 3 M € | +51.7% | 2 M € | +91.2% | 1 M € | +289% | 264,8 k € |
| Cash | 234,5 k € | +76.7% | 132,7 k € | -70.0% | 442,5 k € | +59.2% | 278,1 k € | -36.1% | 435,3 k € | +109% | 207,8 k € | +220% | 65 k € |
| Debts | 4,3 M € | -32.1% | 6,4 M € | +25.7% | 5,1 M € | +114% | 2,4 M € | +49.6% | 1,6 M € | +99.2% | 797,8 k € | +857% | 83,4 k € |
| Other | |||||||||||||
| Workforce | 20,1 ETP | +12.3% | 17,9 ETP | +37.7% | 13,0 ETP | +42.9% | 9,1 ETP | +24.7% | 7,3 ETP | – | – | ||
Governance
Board of directors
Seen on filing of 30/06/2023 · 2 active · 4 ended
Active mandates
Dogan Atagun
ActiveSeyhmus Baybasin
ActiveEnded mandates
Dogan Atagun
EndedSeyhmus Baybasin
EndedSeyhmus Baybasin
EndedSeyhmus Baybasin
EndedFinancials
Annual accounts
Full financial information
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Micro model |
| Start of the financial year | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 | 01/01/2019 | 01/01/2018 |
| Closing of the financial year | 30/06/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 | 31/12/2018 |
| Length of the financial year | 6 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 28/02/2024 | 14/07/2023 | 13/06/2022 | 28/06/2021 | 12/06/2020 | 09/04/2019 |
| General meeting | 30/10/2023 | 10/05/2023 | 11/05/2022 | 12/05/2021 | 26/02/2020 | 27/03/2019 |
| 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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Annual accounts filings
7 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 30/06/2023 | 30/10/2023 | 28/02/2024 | Dutch | |
| Abridged model | 31/12/2022 | 10/05/2023 | 14/07/2023 | Dutch | |
| Abridged model | 31/12/2021 | 11/05/2022 | 13/06/2022 | Dutch | |
| Abridged model | 31/12/2020 | 12/05/2021 | 28/06/2021 | Dutch | |
| Abridged model | 31/12/2019 | 26/02/2020 | 12/06/2020 | Dutch | |
| Micro model | 31/12/2018 | 27/03/2019 | 09/04/2019 | Dutch | |
| Micro model | 31/12/2017 | 16/03/2018 | 16/03/2018 | Dutch |
Valuation
Estimate
Indicative valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/06/2023 · 2 active · 4 ended
Active mandates
Dogan Atagun
ActiveSeyhmus Baybasin
ActiveEnded mandates
Dogan Atagun
EndedSeyhmus Baybasin
EndedSeyhmus Baybasin
EndedSeyhmus Baybasin
EndedShareholders
Ownership and network
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Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Dissolution30/01/2024FUSIE DOOR OVERNEMING DOOR "CREAVIT BELGIUM" - ONTBINDING
- Restructuring14/11/2023Toekenning bijzondere volmacht + fusievoorstel
- Mandates05/05/2022Benoeming bestuurder
- Registered office30/08/2018MAATSCHAPPELIJKE ZETEL
- Other11/07/2016Uit een akte verleden voor notaris Dirk Cuypers met standplaats te Antwerpen op 07 juli 2016, nog te
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2023Annual accounts 2023372 k €↓
- 2022Annual accounts 2022865,1 k €↑
- 2021Annual accounts 2021576,8 k €↑
- 2020Annual accounts 2020395,4 k €↑
- 2019Annual accounts 2019148,8 k €↑
- 2018Annual accounts 201857,6 k €↑
- 2017Annual accounts 201731,5 k €