ACTIVE

BELMAX

Financial year 2025 · closed on 30/09/2025
Net result
-1,2 k €
-100.1% YoY
Gross margin
-116 €
+61.0% YoY
Equity
1,3 M €
-0.1% YoY

What does BELMAX do?

BELMAX is a Private company with limited liability incorporated in 2016. Its registered office is in Kraainem.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0668.597.937
Incorporation
30/12/2016
Legal form
Private company with limited liability
Registered office
Avenue des Troënes 6
1950 Kraainem · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
30/09/2025
Signals
Solid equityLow risk
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin-116 €-297,5 €-281 €-644 €-281 €-281 €-1,1 k €-5,9 k €
EBITDA-1,1 k €-1,3 k €-1,1 k €-1,5 k €-1,1 k €-281 €-1,4 k €-6,9 k €
Operating result-1,1 k €-1,3 k €-1,1 k €-1,5 k €-1,1 k €-281 €-1,4 k €-6,9 k €
Net result-1,2 k €1,3 M €-1,3 k €-1,6 k €-1,3 k €-340,7 €-1,4 k €-7 k €
Balance sheet
Equity1,3 M €1,3 M €-6,7 k €-5,4 k €-3,8 k €-2,5 k €-2,2 k €-760,1 €
Total assets1,7 M €1,4 M €1,4 M €1,6 M €1,6 M €1,5 M €1,5 M €1,4 M €
Cash50,7 k €5,6 k €38,4 k €153,9 k €220,8 k €128,3 k €81,5 k €15 k €
Debts390,1 k €63,8 k €1,4 M €1,6 M €1,6 M €1,5 M €1,5 M €1,4 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/05/202629/04/202528/03/202428/03/202322/03/202224/03/2021
General meeting02/03/202603/03/202504/03/202406/03/202307/03/202201/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202502/03/202629/05/2026FrenchPDF
Abridged model30/09/202403/03/202529/04/2025FrenchPDF
Abridged model30/09/202304/03/202428/03/2024FrenchPDF
Abridged model30/09/202206/03/202328/03/2023FrenchPDF
Abridged model30/09/202107/03/202222/03/2022FrenchPDF
Abridged model30/09/202001/03/202124/03/2021FrenchPDF
Abridged model30/09/201902/03/202020/03/2020FrenchPDF
Abridged model30/09/201804/03/201912/04/2019FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring18/05/2026
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Other03/01/2017
    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

Timeline

  1. 2025
    Annual accounts 2025-1,2 k €
  2. 2024
    Annual accounts 20241,3 M €
  3. 2023
    Annual accounts 2023-1,3 k €
  4. 2022
    Annual accounts 2022-1,6 k €
  5. 2021
    Annual accounts 2021-1,3 k €
  6. 2020
    Annual accounts 2020-340,7 €
  7. 2019
    Annual accounts 2019-1,4 k €
  8. 2018
    Annual accounts 2018-7 k €
  9. 30/12/2016
    IncorporationPrivate company with limited liability