ACTIVE

Belysse Group

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result

-22,6 M €

-21 431,2 %over 1 year

Revenue

1,2 M €

+57,1 %over 1 year

Equity

260,4 M €

-8,0 %over 1 year

Identity

Source · BCE/KBO

Belysse Group is a Public limited company incorporated in 2017. Its main activity is: Activities of holding companies. Its registered office is in Waregem.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0671.974.626
Incorporation: 02/03/2017
Legal form: Public limited company
Registered office: Franklin Rooseveltlaan 172-174
8790 Waregem · FlandreSee on map
Contributed capital: 326 249 997,00 €
Latest accounts: 31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies

Signals

Solid equityLow riskHigh revenue

Financials

Source · NBB, 17 filings

Trend over 9 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	1,2 M €	+57.1%	778,8 k €	-68.9%	2,5 M €	-51.8%	5,2 M €	+67.8%	3,1 M €
EBITDA	-3,8 k €	-123%	16,3 k €	+145%	-36 k €	-172%	49,9 k €	-57.4%	117,1 k €
Operating result	-3,8 k €	-123%	16,3 k €	+145%	-36 k €	-172%	49,9 k €	-57.4%	117,1 k €
Net result	-22,6 M €	-21431%	106,2 k €	+114%	49,5 k €	+100%	-11,9 M €	+93.3%	-176,6 M €
Balance sheet
Equity	260,4 M €	-8.0%	283,1 M €	+0.0%	283 M €	+0.0%	282,9 M €	-4.0%	294,8 M €
Total assets	260,8 M €	-8.0%	283,4 M €	-0.5%	284,7 M €	+0.3%	283,8 M €	-4.1%	295,9 M €
Cash	9,1 k €	-99.7%	2,8 M €	-9.3%	3,1 M €	+4834%	62,9 k €	+65.6%	38 k €
Debts	343,7 k €	+3.7%	331,4 k €	-81.1%	1,7 M €	+91.9%	911,7 k €	-16.8%	1,1 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 45 ended

Active mandates

HEATH ROAD

Director · since 28 mai 2025 · until 23 mai 2029 · 0729.951.130

Represented by Johan Deburchgrave

Active

Vishesh Khatnani

Director · since 28 mai 2025 · until 23 mai 2029

Active

Claire KNOLLYS

Director · since 06 mars 2025 · until 23 mai 2029

Active

Vanessa TEMPLE

Director · since 01 janvier 2022 · until 23 mai 2029

Active

Neal MORAR

Director · since 01 mars 2018 · until 23 mai 2029

Active

ACCELIUM

Director · since 16 juin 2017 · until 23 mai 2029 · 0675.830.177

Represented by Nicolas VANDEN ABEELE

Active

Cyrille RAGOUCY

Director · since 16 juin 2017 · until 23 mai 2029

Active

Hannah STRONG

Director · since 29 mai 2017 · until 23 mai 2029

Active

Michael KOLBECK

Director · since 01 mars 2017 · until 23 mai 2029

Active

Ended mandates

Claire KNOLLYS

Director · since 06 mars 2025 · until 28 mai 2025

Ended

Flora SIEGERT

Director · since 27 octobre 2022 · until 14 février 2025

Ended

Flora SIEGERT

Director · since 27 octobre 2022 · until 28 mai 2025

Ended

Vanessa TEMPLE

Director · since 01 janvier 2022 · until 28 mai 2025

Ended

Other companies at this address

Franklin Rooseveltlaan 172-174 8790 Waregem

Company	CBE no.
BELYSSE● Active	0865.751.823
BELYSSE-GROUP● Active	0551.836.958
ICOCOM● Active	0845.305.510
IPLAST HOLDING● Active	0442.451.246
TCS Consult● Active	0808.031.774

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	12/06/2026	17/06/2025	28/05/2024	06/06/2023	01/06/2022	09/06/2021
General meeting	27/05/2026	28/05/2025	22/05/2024	24/05/2023	25/05/2022	26/05/2021
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

Financial ratios

Source · NBB

Looking for more information about this company?

Try for 7 days

Annual accounts filings

Source · NBB, 17 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	27/05/2026	12/06/2026	Dutch	PDF
Full model	31/12/2024	28/05/2025	17/06/2025	Dutch	PDF
Consolidated accounts	31/12/2024	28/05/2025	16/06/2025	Dutch	PDF
Full model	31/12/2023	22/05/2024	28/05/2024	Dutch	PDF
Consolidated accounts	31/12/2023	22/05/2024	28/05/2024	Dutch	PDF
Full model	31/12/2022	24/05/2023	06/06/2023	Dutch	PDF
Consolidated accounts	31/12/2022	24/05/2023	06/06/2023	Dutch	PDF
Full model	31/12/2021	25/05/2022	01/06/2022	Dutch	PDF
Consolidated accounts	31/12/2021	25/05/2022	08/06/2022	Dutch	PDF
Full model	31/12/2020	26/05/2021	09/06/2021	Dutch	PDF
Consolidated accounts	31/12/2020	26/05/2021	08/06/2021	Dutch	PDF
Full model	31/12/2019	26/05/2020	25/06/2020	Dutch	PDF
Consolidated accounts	31/12/2019	26/05/2020	25/06/2020	Dutch	PDF
Full model	31/12/2018	28/05/2019	14/06/2019	Dutch	PDF
Consolidated accounts	31/12/2018	28/05/2019	27/06/2019	Dutch	PDF
Full model	31/12/2017	22/05/2018	15/06/2018	Dutch	PDF
Consolidated accounts	31/12/2017	18/04/2018	18/06/2018	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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.

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 45 ended

Active mandates

HEATH ROAD

Director · since 28 mai 2025 · until 23 mai 2029 · 0729.951.130

Represented by Johan Deburchgrave

Active

Vishesh Khatnani

Director · since 28 mai 2025 · until 23 mai 2029

Active

Claire KNOLLYS

Director · since 06 mars 2025 · until 23 mai 2029

Active

Vanessa TEMPLE

Director · since 01 janvier 2022 · until 23 mai 2029

Active

Neal MORAR

Director · since 01 mars 2018 · until 23 mai 2029

Active

ACCELIUM

Director · since 16 juin 2017 · until 23 mai 2029 · 0675.830.177

Represented by Nicolas VANDEN ABEELE

Active

Cyrille RAGOUCY

Director · since 16 juin 2017 · until 23 mai 2029

Active

Hannah STRONG

Director · since 29 mai 2017 · until 23 mai 2029

Active

Michael KOLBECK

Director · since 01 mars 2017 · until 23 mai 2029

Active

Ended mandates

Claire KNOLLYS

Director · since 06 mars 2025 · until 28 mai 2025

Ended

Flora SIEGERT

Director · since 27 octobre 2022 · until 14 février 2025

Ended

Flora SIEGERT

Director · since 27 octobre 2022 · until 28 mai 2025

Ended

Vanessa TEMPLE

Director · since 01 janvier 2022 · until 28 mai 2025

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates09/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other10/06/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates08/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other27/10/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
PDF
Registered office06/05/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates05/01/2022
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 2025-22,6 M €↓
28/05/2025
reconductionCyrille Ragoucy — niet-uitvoerend bestuurder
28/05/2025
reconductionMichael Kolbeck — niet-uitvoerend bestuurder
28/05/2025
reconductionAccelium BV — onafhankelijk bestuurder
28/05/2025
reconductionVanessa Temple — onafhankelijk bestuurder
28/05/2025
nominationHeath Road BV — onafhankelijk bestuurder
28/05/2025
reconductionNeal Morar — niet-uitvoerend bestuurder
28/05/2025
reconductionHannah Strong — niet-uitvoerend bestuurder
28/05/2025
reconductionClaire Knollys — niet-uitvoerend bestuurder
28/05/2025
nominationVishesh Khatnani — niet-uitvoerend bestuurder
28/05/2025
nominationPwC Bedrijfsrevisoren BV — commissaris
06/03/2025
nominationClaire Knollys — niet-uitvoerend bestuurder
06/03/2025
nominationClaire Knollyss — niet-uitvoerend bestuurder
2024
Annual accounts 2024106,2 k €↑
2023
Annual accounts 202349,5 k €↑
24/05/2023
reconductionItzhak Wiesenfeld — onafhankelijk bestuurder
24/05/2023
reconductionWouter Coppens — commissaris
2022
Annual accounts 2022-11,9 M €↑
27/10/2022
nominationFlora Siegert — niet-uitvoerende bestuurder
2022
Name changeBelysse Group
2021
Annual accounts 2021-176,6 M €↓
2020
Annual accounts 2020126,4 k €↑
2019
Annual accounts 201988,8 k €↓
2018
Annual accounts 2018225,3 k €↑
2017
Annual accounts 2017-2,4 M €
02/03/2017
IncorporationPublic limited company
2017
Name changeBALTA GROUP

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

Belysse Group

Overview

Identity

Financials

Valuation

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

Timeline