ACTIVE

BELAP

Financial year 2025 · closed on 31/12/2025
Net result
352 k €
+2.5% YoY
Gross margin
417,5 k €
+5.5% YoY
Equity
500,2 k €
+19.6% YoY

What does BELAP do?

BELAP is a Private limited company incorporated in 2017. Its main activity is: Technical testing and analysis. Its registered office is in Deinze.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0668.735.024
Incorporation
04/01/2017
Legal form
Private limited company
Registered office
Industrielaan 35 box B
9800 Deinze · FlandreSee on map
Contributed capital
19 410,36 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin417,5 k €395,7 k €420,4 k €308,8 k €232,4 k €201,7 k €184,7 k €145,9 k €251,3 k €
EBITDA416,7 k €395,2 k €419,5 k €308,2 k €231,8 k €201,2 k €179,6 k €89 k €142,9 k €
Operating result400,3 k €384,1 k €410,9 k €298,5 k €219,9 k €189,7 k €167,5 k €81,8 k €136,3 k €
Net result352 k €343,6 k €375,8 k €280 k €208,5 k €179,7 k €158,2 k €56,4 k €89,1 k €
Balance sheet
Equity500,2 k €418,2 k €344,7 k €238,9 k €183,9 k €149,4 k €119,8 k €93,6 k €37,2 k €
Total assets1,2 M €1,2 M €677,7 k €531,4 k €386,1 k €327,6 k €293,3 k €190,8 k €209,6 k €
Cash225,1 k €171,4 k €431 k €303,7 k €196,5 k €151,1 k €124,7 k €77,9 k €41,8 k €
Debts696,1 k €754,4 k €325 k €285,4 k €198,8 k €175,6 k €173,5 k €97,1 k €172,4 k €
Other
Workforce0,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 10 ended

Active mandates

M3-M

Director · since 23 décembre 2025 · 0800.754.004

Represented by Michel Claes

Active
Rilisti

Director · since 15 janvier 2019 · until 23 décembre 2025 · 0712.981.573

Represented by Benedikte Boedts

Active
MILAR-C

Director · 0808.791.641

Represented by Frederik Claes

Active
Wouter Vlaeminck

Director · 0538.972.877

Represented by Wouter Vlaeminck

Active

Ended mandates

MILAR-C

Manager · since 15 janvier 2019 · 0808.791.641

Represented by Frederik Claes

Ended
Rilisti

Manager · since 15 janvier 2019 · 0712.981.573

Represented by Benedikte Boedts

Ended
Wouter Vlaeminck

Manager · since 15 janvier 2019 · 0538.972.877

Represented by Wouter Vlaeminck

Ended
HIRUNDO

Manager · since 22 décembre 2016 · until 15 janvier 2019 · 0870.880.054

Ended
At this address

Other companies at this address

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0758.640.760
0461.937.952
KDSActive
0453.536.564
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelMicro modelMicro modelMicro modelMicro 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 date29/07/202629/07/202529/07/202429/07/202329/08/202222/07/2021
General meeting30/06/202630/06/202530/06/202430/06/202330/06/202230/06/2021
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

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202629/07/2026DutchPDF
Abridged model31/12/202430/06/202529/07/2025DutchPDF
Micro model31/12/202330/06/202429/07/2024DutchPDF
Micro model31/12/202230/06/202329/07/2023DutchPDF
Micro model31/12/202130/06/202229/08/2022DutchPDF
Micro model31/12/202030/06/202122/07/2021DutchPDF
Micro model31/12/201926/06/202010/07/2020DutchPDF
Micro model31/12/201830/06/201915/07/2019DutchPDF
Abridged model31/12/201730/04/201819/06/2018DutchPDF
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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 10 ended

Active mandates

M3-M

Director · since 23 décembre 2025 · 0800.754.004

Represented by Michel Claes

Active
Rilisti

Director · since 15 janvier 2019 · until 23 décembre 2025 · 0712.981.573

Represented by Benedikte Boedts

Active
MILAR-C

Director · 0808.791.641

Represented by Frederik Claes

Active
Wouter Vlaeminck

Director · 0538.972.877

Represented by Wouter Vlaeminck

Active

Ended mandates

MILAR-C

Manager · since 15 janvier 2019 · 0808.791.641

Represented by Frederik Claes

Ended
Rilisti

Manager · since 15 janvier 2019 · 0712.981.573

Represented by Benedikte Boedts

Ended
Wouter Vlaeminck

Manager · since 15 janvier 2019 · 0538.972.877

Represented by Wouter Vlaeminck

Ended
HIRUNDO

Manager · since 22 décembre 2016 · until 15 janvier 2019 · 0870.880.054

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates07/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office21/02/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates13/07/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/02/2019
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other06/01/2017
    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 2025352 k €
  2. 2024
    Annual accounts 2024343,6 k €
  3. 2023
    Annual accounts 2023375,8 k €
  4. 2022
    Annual accounts 2022280 k €
  5. 2021
    Annual accounts 2021208,5 k €
  6. 2020
    Annual accounts 2020179,7 k €
  7. 2019
    Annual accounts 2019158,2 k €
  8. 2018
    Annual accounts 201856,4 k €
  9. 2017
    Annual accounts 201789,1 k €
  10. 04/01/2017
    IncorporationPrivate limited company