Belgestate
0685.821.177 · rovalta.com · 23/09/2026
NORMAL SITUATION
Belgestate
Financial year 2025 · closed on 31/12/2025
Net result
-6,5 k €
-162.3% YoY
Equity
-75 k €
-9.6% YoY
Company — Normal situation.
Strike-off: 27 août 2026
Overview
What does Belgestate do?
Belgestate is a Private limited company incorporated in 2017.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0685.821.177
Incorporation
11/12/2017
Legal form
Private limited company
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
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Financials
Trend over 7 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||
| Gross margin | – | – | – | – | – | 72,3 k € | -14.6% | 84,7 k € | |||||
| EBITDA | -1,4 k € | +89.8% | -13,7 k € | -18.5% | -11,6 k € | -106% | 181,5 k € | +239% | 53,5 k € | -1.5% | 54,4 k € | -8.4% | 59,4 k € |
| Operating result | -1,4 k € | +89.8% | -13,7 k € | -18.5% | -11,6 k € | -107% | 172,4 k € | +555% | 26,3 k € | +54.7% | 17 k € | +43.2% | 11,9 k € |
| Net result | -6,5 k € | -162% | 10,5 k € | +119% | -54,5 k € | -146% | 119,8 k € | +1236% | 9 k € | +598% | -1,8 k € | +64.4% | -5,1 k € |
| Balance sheet | |||||||||||||
| Equity | -75 k € | -9.6% | -68,5 k € | +13.3% | -79 k € | -223% | -24,5 k € | +83.0% | -144,3 k € | +5.9% | -153,2 k € | -1.2% | -151,5 k € |
| Total assets | 1,3 k € | +220% | 415,2 € | -45.9% | 767,3 € | -98.1% | 41,3 k € | -93.4% | 623,5 k € | -30.2% | 892,8 k € | +5.8% | 844,2 k € |
| Cash | 1,1 k € | +434% | 210,3 € | -72.6% | 767,3 € | +59.7% | 480,3 € | -98.0% | 23,6 k € | +259% | 6,6 k € | +45.4% | 4,5 k € |
| Debts | 76,4 k € | +10.8% | 68,9 k € | -13.6% | 79,8 k € | +21.3% | 65,8 k € | -91.4% | 767,8 k € | -26.6% | 1 M € | +5.1% | 995,7 k € |
Governance
Board of directors
Seen on filing of 31/12/2024 · 1 active · 4 ended
Active mandates
Jean-Francois Thunet
ActiveEnded mandates
Build IT Differently SARL
EndedDifferent Makers Holding SA
EndedJean François THUNET
EndedOlivier Brourhant
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Micro 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 | 31/07/2026 | 18/08/2025 | 27/08/2024 | 27/07/2023 | 27/07/2022 | 14/10/2021 |
| General meeting | 30/03/2026 | 30/06/2025 | 19/07/2024 | 07/07/2023 | 09/06/2022 | 30/09/2021 |
| 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 |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
7 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 30/03/2026 | 31/07/2026 | French | |
| Full model | 31/12/2024 | 30/06/2025 | 18/08/2025 | French | |
| Full model | 31/12/2023 | 19/07/2024 | 27/08/2024 | French | |
| Full model | 31/12/2022 | 07/07/2023 | 27/07/2023 | French | |
| Full model | 31/12/2021 | 09/06/2022 | 27/07/2022 | French | |
| Micro model | 31/12/2020 | 30/09/2021 | 14/10/2021 | French | |
| Abridged model | 31/12/2019 | 20/06/2020 | 30/10/2020 | French |
Valuation
Estimate
Indicative valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2024 · 1 active · 4 ended
Active mandates
Jean-Francois Thunet
ActiveEnded mandates
Build IT Differently SARL
EndedDifferent Makers Holding SA
EndedJean François THUNET
EndedOlivier Brourhant
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Dissolution03/09/2026Dissolution / liquidation en un seul acte de la SRL « BELGESTATE »
- Mandates24/02/2025DEMISSIONS, NOMINATIONS
- Capital / shares26/04/2024CAPITAL, ACTIONS - DIVERS
- Mandates28/03/2023DEMISSIONS, NOMINATIONS
- Registered office04/10/2022SIEGE SOCIAL
- Mandates01/12/2021DEMISSIONS, NOMINATIONS
- Registered office03/03/2021SIEGE SOCIAL
- Mandates09/07/2020MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-6,5 k €↓
- 2024Annual accounts 202410,5 k €↑
- 2023Annual accounts 2023-54,5 k €↓
- 2022Annual accounts 2022119,8 k €↑
- 2021Annual accounts 20219 k €↑
- 2020Annual accounts 2020-1,8 k €↑
- 2019Annual accounts 2019-5,1 k €
- 11/12/2017IncorporationPrivate limited company