ACTIVE

BELFORT 18

Financial year 2025 · Closed on 31/12/2025

Net result517,4 k €+3 039,6 %over 1 year
Gross margin576,9 k €+8 397,6 %over 1 year
Equity668,6 k €-21,9 %over 1 year
Workforce0,0 ETP

Identity

Source · BCE/KBO

BELFORT 18 is a Public limited company incorporated in 2017. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Gent.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0673.722.408
Incorporation
31/03/2017
Legal form
Public limited company
Registered office
Adelaarsstraat 24
9051 Gent · FlandreSee on map
Contributed capital
600 000,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Signals
ProfitablePositive cashflowPositive EBITDA

Financials

Source · NBB, 8 filings

Trend over 8 financial years

20252024202320222021
Income statement
Gross margin576,9 k €6,8 k €-92,2 k €843 k €113,9 k €
EBITDA564,2 k €-36,8 k €-163,1 k €760,5 k €77,9 k €
Operating result564,2 k €-9,1 k €-163,1 k €570,3 k €-99,6 k €
Net result517,4 k €-17,6 k €-288,5 k €363,9 k €587,4 k €
Balance sheet
Equity668,6 k €856,2 k €873,8 k €1,2 M €798,3 k €
Total assets7,1 M €8,9 M €7,7 M €9,7 M €8,5 M €
Cash35 k €474,4 €237,2 k €281 k €765,5 k €
Debts6,4 M €8 M €6,8 M €8,5 M €7,7 M €
Other
Workforce0,0 ETP––––

Valuation

Indicative valuation

As an indication, this company is worth

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

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 7 ended

Active mandates

Jan-Pieter PIETERS

Director · since 22 mars 2023 · until 22 juin 2029

Active
KODOMO

Director · since 22 mars 2023 · until 22 juin 2029 · 0692.870.901

Represented by Sander Neukermans

Active
Louis LANNOO

Director · since 22 mars 2023 · until 22 juin 2029

Active

Ended mandates

Jan-Pieter PIETERS

Director · since 22 mars 2022 · until 30 juin 2029

Ended
KODOMO

Director · since 22 mars 2022 · until 30 juin 2029 · 0692.870.901

Represented by Sander Neukermans

Ended
Louis LANNOO

Director · since 22 mars 2022 · until 30 juin 2029

Ended
KODOMO

Managing director · since 28 novembre 2018 · until 28 juin 2024 · 0692.870.901

Represented by Sander Neukermans

Ended

Other companies at this address

Adelaarsstraat 24 9051 Gent
CompanyCBE no.
KSD● Active
0874.488.157
LEXXUS● Active
0444.630.974
0836.495.237

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date25/08/202601/07/202515/07/202419/07/202327/06/202225/06/2021
General meeting26/06/202627/06/202528/06/202430/06/202324/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 8 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202625/08/2026DutchPDF
Abridged model31/12/202427/06/202501/07/2025DutchPDF
Abridged model31/12/202328/06/202415/07/2024DutchPDF
Abridged model31/12/202230/06/202319/07/2023DutchPDF
Abridged model31/12/202124/06/202227/06/2022DutchPDF
Abridged model31/12/202025/06/202125/06/2021DutchPDF
Abridged model31/12/201926/06/202003/07/2020DutchPDF
Abridged model31/12/201828/06/201909/07/2019DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 7 ended

Active mandates

Jan-Pieter PIETERS

Director · since 22 mars 2023 · until 22 juin 2029

Active
KODOMO

Director · since 22 mars 2023 · until 22 juin 2029 · 0692.870.901

Represented by Sander Neukermans

Active
Louis LANNOO

Director · since 22 mars 2023 · until 22 juin 2029

Active

Ended mandates

Jan-Pieter PIETERS

Director · since 22 mars 2022 · until 30 juin 2029

Ended
KODOMO

Director · since 22 mars 2022 · until 30 juin 2029 · 0692.870.901

Represented by Sander Neukermans

Ended
Louis LANNOO

Director · since 22 mars 2022 · until 30 juin 2029

Ended
KODOMO

Managing director · since 28 novembre 2018 · until 28 juin 2024 · 0692.870.901

Represented by Sander Neukermans

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other23/09/2026
    —
    PDF
  • Mandates28/03/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/12/2018
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other04/04/2017
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

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 2025517,4 k €↑
  2. 2024
    Annual accounts 2024-17,6 k €↑
  3. 2023
    Annual accounts 2023-288,5 k €↓
  4. 2022
    Annual accounts 2022363,9 k €↓
  5. 2021
    Annual accounts 2021587,4 k €↑
  6. 2020
    Annual accounts 2020-216,3 k €↓
  7. 2019
    Annual accounts 2019-36,1 k €↑
  8. 2018
    Annual accounts 2018-136,7 k €
  9. 31/03/2017
    IncorporationPublic limited company