ACTIVE

BELARE

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Financial year 2025 · closed on 30/06/2025

Net result

0 €

Revenue

4,1 M €

+4.9% YoY

Equity

8 €

0.0% YoY

Workforce

0,2 ETP

What does BELARE do?

BELARE is a Non-profit organization incorporated in 2016. Its registered office is in Anderlecht. It employs on average 0,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0664.682.996

Incorporation

17/10/2016

Legal form

Non-profit organization

Registered office

Rue des Vétérinaires 42B box 1
1070 Anderlecht · BruxellesSee on map

Latest accounts

30/06/2025

Average workforce

0,2 ETP

Signals

Healthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017
Income statement
Revenue	4,1 M €	+4.9%	3,9 M €	+2.2%	3,8 M €	+11.4%	3,4 M €	+61.6%	2,1 M €	-60.3%	5,3 M €	+27.6%	4,1 M €	+9.1%	3,8 M €	+66.4%	2,3 M €
EBITDA	0 €		0 €	-100%	429 €	-40.4%	720 €	-91.8%	8,8 k €	+138%	-23,3 k €	-149%	47,5 k €	-60.6%	120,8 k €	+2013550%	-6 €
Operating result	0 €		0 €	-100%	429 €	-40.4%	720 €	-91.8%	8,8 k €	+138%	-23,3 k €	-369%	-5 k €	+0.1%	-5 k €	-83033%	-6 €
Net result	0 €		0 €		0 €		0 €		0 €		0 €		0 €		0 €	-100%	8 €
Balance sheet
Equity	8 €	0.0%	8 €	0.0%	8 €	0.0%	8 €	0.0%	8 €	0.0%	8 €	0.0%	8 €	0.0%	8 €	0.0%	8 €
Total assets	944,1 k €	+42.6%	662 k €	-36.4%	1 M €	+158%	403,3 k €	-80.9%	2,1 M €	+22.7%	1,7 M €	+605%	244,2 k €	-22.2%	313,8 k €	-71.1%	1,1 M €
Cash	14,3 k €	-87.6%	115,5 k €	+774%	13,2 k €	-85.8%	93,1 k €	-55.8%	210,5 k €	+26.0%	167 k €	+95.4%	85,5 k €	+6.3%	80,4 k €	-87.0%	618 k €
Debts	944,1 k €	+42.6%	662 k €	-36.4%	1 M €	+189%	360,3 k €	+2184%	15,8 k €	-96.8%	493,7 k €	+102%	244,2 k €	-7.4%	263,7 k €	-75.7%	1,1 M €
Other
Workforce	0,2 ETP		0,0 ETP	-100%	0,2 ETP	-33.3%	0,3 ETP	0.0%	0,3 ETP		–		–		0,4 ETP		–

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 30/06/2025 · 3 active · 12 ended

Active mandates

Amin Nighat

Director · since 15 décembre 2023 · until 14 décembre 2029

Active

Eric Goens

Chairman of the board of directors · since 15 décembre 2023 · until 14 décembre 2029

Active

LA FONDATION POLAIRE INTERNATIONALE

Director · since 15 décembre 2023 · until 14 décembre 2029 · 0478.641.154

Active

Ended mandates

Alain De Waele

Director · since 27 septembre 2019 · until 05 août 2023

Ended

Alain De Waele

Director · since 27 septembre 2019 · until 26 septembre 2025

Ended

Amin Nighat

Director · since 27 septembre 2019 · until 26 septembre 2025

Ended

Eric Goens

Chairman of the board of directors · since 27 septembre 2019 · until 26 septembre 2025

Ended

At this address

Other companies at this address

Company	CBE no.
LA FONDATION POLAIRE INTERNATIONALE● Active	0478.641.154

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	16/10/2025	18/12/2024	09/10/2023	06/03/2023	06/10/2021	21/09/2020
General meeting	02/10/2025	26/11/2024	04/10/2023	23/09/2022	20/09/2021	04/09/2020
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

10 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	02/10/2025	16/10/2025	French	PDF
Abridged model	30/06/2024	26/11/2024	18/12/2024	French	PDF
Abridged model	30/06/2023	04/10/2023	09/10/2023	French	PDF
Abridged modelCorrection	30/06/2022	23/09/2022	06/03/2023	French	PDF
Abridged model	30/06/2022	23/09/2022	29/09/2022	French	PDF
Abridged model	30/06/2021	20/09/2021	06/10/2021	French	PDF
Abridged model	30/06/2020	04/09/2020	21/09/2020	French	PDF
Abridged model	30/06/2019	27/09/2019	03/12/2019	French	PDF
Abridged model	30/06/2018	27/09/2018	30/10/2018	French	PDF
Abridged model	30/06/2017	21/12/2017	16/01/2018	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 30/06/2025 · 3 active · 12 ended

Active mandates

Amin Nighat

Director · since 15 décembre 2023 · until 14 décembre 2029

Active

Eric Goens

Chairman of the board of directors · since 15 décembre 2023 · until 14 décembre 2029

Active

LA FONDATION POLAIRE INTERNATIONALE

Director · since 15 décembre 2023 · until 14 décembre 2029 · 0478.641.154

Active

Ended mandates

Alain De Waele

Director · since 27 septembre 2019 · until 05 août 2023

Ended

Alain De Waele

Director · since 27 septembre 2019 · until 26 septembre 2025

Ended

Amin Nighat

Director · since 27 septembre 2019 · until 26 septembre 2025

Ended

Eric Goens

Chairman of the board of directors · since 27 septembre 2019 · until 26 septembre 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/08/2024
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates05/02/2020
DEMISSIONS, NOMINATIONS
PDF
Other27/10/2016
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

2025
Annual accounts 20250 €↑
2024
Annual accounts 20240 €↑
2023
Annual accounts 20230 €↑
2022
Annual accounts 20220 €↑
2021
Annual accounts 20210 €↑
2020
Annual accounts 20200 €↑
2019
Annual accounts 20190 €↑
2018
Annual accounts 20180 €↓
2017
Annual accounts 20178 €
17/10/2016
IncorporationNon-profit organization

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

BELARE

Overview

What does BELARE 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