ACTIVE

BELLUCCI

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Financial year 2025 · closed on 31/12/2025
Net result
107,1 k €
-76.8% YoY
Gross margin
490,2 k €
-31.4% YoY
Equity
2,4 M €
+4.7% YoY
Workforce
2,9 ETP
-23.7% YoY

What does BELLUCCI do?

BELLUCCI is a Private limited company incorporated in 2018. Its main activity is: Wholesale of watches and jewellery. Its registered office is in Gent. It employs on average 2,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0695.456.445
Incorporation
25/04/2018
Legal form
Private limited company
Registered office
Esplanade Oscar Van de Voorde 1 box 26
9000 Gent · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
2,9 ETP
Activities (NACE)
46480Wholesale of watches and jewellery· main46480Wholesale of watches and jewellery47770Retail sale of watches and jewellery in specialised stores47770Retail sale of watches and jewellery in specialised stores46480Wholesale of watches and jewellery46480Wholesale of watches and jewellery
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin490,2 k €714,3 k €997,9 k €1,1 M €1,6 M €515,1 k €435,1 k €-8,1 k €
EBITDA315,1 k €503,7 k €670 k €718,4 k €1,3 M €335,1 k €128,3 k €-8,5 k €
Operating result306,8 k €508,4 k €660,1 k €808,4 k €1,1 M €320,1 k €113,7 k €-9,3 k €
Net result107,1 k €461,8 k €363,1 k €567,5 k €847,5 k €174,8 k €62,5 k €-9,3 k €
Balance sheet
Equity2,4 M €2,3 M €2 M €1,7 M €1,1 M €246,5 k €71,8 k €9,3 k €
Total assets4,7 M €4,6 M €4,8 M €4,3 M €4,2 M €3,1 M €3,5 M €186,4 k €
Cash391 k €435,1 k €600,3 k €999,1 k €813,4 k €386,7 k €258 k €64,3 k €
Debts1,9 M €1,8 M €2,1 M €2 M €2,5 M €2,6 M €3,5 M €177,1 k €
Other
Workforce2,9 ETP3,8 ETP4,7 ETP5,0 ETP5,0 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 · 1 active · 2 ended

Active mandates

HUL MANAGEMENT

Director · since 24 avril 2018 · 0669.722.147

Active

Ended mandates

HUL MANAGEMENT

Director · since 24 avril 2018 · 0669.722.147

Represented by Martine HUL

Ended
HUL MANAGEMENT

Manager · since 24 avril 2018 · 0669.722.147

Represented by Martine Hul

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date07/07/202616/07/202525/07/202419/07/202319/07/202212/07/2021
General meeting15/06/202627/06/202527/06/202430/06/202330/06/202215/06/2021
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

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202515/06/202607/07/2026DutchPDF
Abridged model31/12/202427/06/202516/07/2025DutchPDF
Abridged model31/12/202327/06/202425/07/2024DutchPDF
Abridged model31/12/202230/06/202319/07/2023DutchPDF
Abridged model31/12/202130/06/202219/07/2022DutchPDF
Micro model31/12/202015/06/202112/07/2021DutchPDF
Micro model31/12/201930/06/202030/07/2020DutchPDF
Micro model31/12/201827/06/201923/07/2019DutchPDF
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 · 1 active · 2 ended

Active mandates

HUL MANAGEMENT

Director · since 24 avril 2018 · 0669.722.147

Active

Ended mandates

HUL MANAGEMENT

Director · since 24 avril 2018 · 0669.722.147

Represented by Martine HUL

Ended
HUL MANAGEMENT

Manager · since 24 avril 2018 · 0669.722.147

Represented by Martine Hul

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other25/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Registered office24/03/2021
    MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
    PDF
  • Other27/04/2018
    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 2025107,1 k €↓
  2. 2024
    Annual accounts 2024461,8 k €↑
  3. 2023
    Annual accounts 2023363,1 k €↓
  4. 2022
    Annual accounts 2022567,5 k €↓
  5. 2021
    Annual accounts 2021847,5 k €↑
  6. 2020
    Annual accounts 2020174,8 k €↑
  7. 2019
    Annual accounts 201962,5 k €↑
  8. 2018
    Annual accounts 2018-9,3 k €
  9. 25/04/2018
    IncorporationPrivate limited company