ACTIVE

BELWING

Financial year 2025 · Closed on 31/12/2025

Net result0 €

Gross margin456,2 k €+28,7 %over 1 year

Equity61,5 k €0,0 %over 1 year

Identity

Source · BCE/KBO

BELWING is a Public limited company incorporated in 2017. Its main activity is: Other activities auxiliary to financial services, except insurance and pension funding. Its registered office is in Liège.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0674.535.327
Incorporation: 13/04/2017
Legal form: Public limited company
Registered office: Avenue Maurice-Destenay 13
4000 Liège · WallonieSee on map
Contributed capital: 61 500,00 €
Latest accounts: 31/12/2025

Activities (NACE)

66199Other activities auxiliary to financial services, except insurance and pension funding· main 66199Other activities auxiliary to financial services, except insurance and pension funding

Signals

Good liquidity

Financials

Source · NBB, 9 filings

Trend over 9 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	456,2 k €	+28.7%	354,4 k €	-0.1%	354,7 k €	+323%	83,9 k €	+299%	21 k €
EBITDA	-927 €	+65.5%	-2,7 k €	-1404%	205,9 €	-33.2%	308,1 €	-43.1%	541,4 €
Operating result	-927 €	+65.5%	-2,7 k €	-1404%	205,9 €	-33.2%	308,1 €	-43.1%	541,4 €
Net result	0 €		0 €		0 €		–		–
Balance sheet
Equity	61,5 k €	0.0%	61,5 k €	0.0%	61,5 k €	0.0%	61,5 k €	0.0%	61,5 k €
Total assets	3,3 M €	-17.8%	4 M €	-10.9%	4,5 M €	-9.1%	5 M €	-2.8%	5,1 M €
Cash	58,5 k €	-1.5%	59,4 k €	+2.6%	57,9 k €	-0.2%	58 k €	+0.3%	57,8 k €
Debts	3,3 M €	-18.1%	4 M €	-11.1%	4,5 M €	-9.2%	4,9 M €	-2.9%	5,1 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marin GERARDY	Director25/06/2024 → 30/06/2026
SPARAXIS0452.116.307Represented by Marc - Début 25/06/24 Degaute	Director13/04/2017 → 30/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Régis LANOVE	Director29/06/2021 → 2022 accounts
Christophe DEMAIN	Director13/04/2017 → 29/06/2021

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Avenue Maurice-Destenay 13 4000 Liège

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Full financial information

Source · NBB

	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	01/01/2025	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	20/05/2026	27/05/2025	28/08/2024	05/07/2023	05/07/2022	30/08/2021
General meeting	19/05/2026	20/05/2025	25/06/2024	27/06/2023	28/06/2022	29/06/2021
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

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Annual accounts filings

Source · NBB, 9 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/05/2026	20/05/2026	French	PDF
Abridged model	31/12/2024	20/05/2025	27/05/2025	French	PDF
Abridged model	31/12/2023	25/06/2024	28/08/2024	French	PDF
Abridged model	31/12/2022	27/06/2023	05/07/2023	French	PDF
Abridged model	31/12/2021	28/06/2022	05/07/2022	French	PDF
Abridged model	31/12/2020	29/06/2021	30/08/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	01/07/2020	French	PDF
Abridged model	31/12/2018	25/06/2019	02/07/2019	French	PDF
Abridged model	31/12/2017	26/06/2018	30/07/2018	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marin GERARDY	Director25/06/2024 → 30/06/2026
SPARAXIS0452.116.307Represented by Marc - Début 25/06/24 Degaute	Director13/04/2017 → 30/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Régis LANOVE	Director29/06/2021 → 2022 accounts
Christophe DEMAIN	Director13/04/2017 → 29/06/2021

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates26/08/2026
Nominations statutaires
PDF
Mandates15/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates10/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates12/02/2024
DEMISSIONS, NOMINATIONS
PDF
Other18/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE
PDF
Mandates27/12/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates01/10/2020
DEMISSIONS, NOMINATIONS
PDF
Other18/04/2017
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings9 filings

Mandates

Marin GERARDY

SPARAXIS

Régis LANOVE

Damien LOURTIE

Christophe DEMAIN

2017201820192020202120222023202420252026

BELWING

Avenue Maurice-Destenay 13, 4000 Liège

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Maurice-Destenay 13, 4000 LiègeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00118848

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BELWINGCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00118848

Events

2025
Annual accounts 20250 €↑
2024
Annual accounts 20240 €↑
2023
Annual accounts 20230 €
2022
Annual accounts 2022
2021
Annual accounts 2021
2020
Annual accounts 2020
2019
Annual accounts 2019
2018
Annual accounts 2018
2017
Annual accounts 2017
13/04/2017
IncorporationPublic limited company

BELWING

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

Registered offices

Company names

Events