BELFEED
0699.502.236 · rovalta.com · 22/09/2026
ACTIVE
BELFEED
Financial year 2025 · closed on 31/12/2025
Net result
1,3 M €
+40.6% YoY
Gross margin
2,1 M €
+38.0% YoY
Equity
2,4 M €
+74.0% YoY
Workforce
3,6 ETP
+20.0% YoY
Overview
What does BELFEED do?
BELFEED is a Public limited company incorporated in 2018. Its main activity is: Manufacture of prepared feeds for farm animals. Its registered office is in Dilbeek. It employs on average 3,6 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0699.502.236
Incorporation
02/07/2018
Legal form
Public limited company
Registered office
Industrialaan 25
1702 Dilbeek · FlandreSee on map
1702 Dilbeek · FlandreSee on map
Contributed capital
820 886,31 €
Latest accounts
31/12/2025
Average workforce
3,6 ETP
Activities (NACE)
10910Manufacture of prepared feeds for farm animals· main10910Manufacture of prepared feeds for farm animals46389Wholesale of other food, including fish, crustaceans and molluscs46389Wholesale of other food, including fish, crustaceans and molluscs46212Wholesale of grain, unmanufactured tobacco, seeds and animal feeds46212Wholesale of grain, unmanufactured tobacco, seeds and animal feeds
Joint committees (1)
- 220
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 8 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||
| Gross margin | 2,1 M € | +38.0% | 1,5 M € | +16.4% | 1,3 M € | +23.9% | 1 M € | -26.4% | 1,4 M € | +66.7% | 855,3 k € | -0.8% | 862,5 k € | -39.5% | 1,4 M € |
| EBITDA | 1,7 M € | +46.3% | 1,1 M € | +25.5% | 908,5 k € | +88.5% | 481,9 k € | -41.3% | 820,5 k € | +247% | -557,9 k € | -311% | 264,1 k € | -65.2% | 757,9 k € |
| Operating result | 1,6 M € | +50.0% | 1,1 M € | +48.9% | 727,4 k € | +139% | 304,9 k € | -59.8% | 758,7 k € | +208% | -704,4 k € | -621% | 135,2 k € | -82.2% | 757,9 k € |
| Net result | 1,3 M € | +40.6% | 908,3 k € | +53.8% | 590,6 k € | +156% | 231 k € | -60.0% | 577,7 k € | +176% | -761,5 k € | -1013% | 83,4 k € | -84.4% | 535,3 k € |
| Balance sheet | |||||||||||||||
| Equity | 2,4 M € | +74.0% | 1,4 M € | +51.3% | 903 k € | -39.3% | 1,5 M € | +18.4% | 1,3 M € | +85.2% | 678,1 k € | -52.9% | 1,4 M € | +6.2% | 1,4 M € |
| Total assets | 5,2 M € | +37.9% | 3,7 M € | +2.3% | 3,7 M € | +6.7% | 3,4 M € | -0.9% | 3,5 M € | +24.9% | 2,8 M € | -2.4% | 2,8 M € | +13.5% | 2,5 M € |
| Cash | 3,7 M € | +34.8% | 2,7 M € | -5.9% | 2,9 M € | +12.3% | 2,6 M € | +8.6% | 2,4 M € | +39.8% | 1,7 M € | +38.3% | 1,2 M € | -8.2% | 1,3 M € |
| Debts | 1,9 M € | +26.9% | 1,5 M € | -19.9% | 1,9 M € | +74.7% | 1,1 M € | -19.6% | 1,4 M € | +21.4% | 1,1 M € | -20.2% | 1,4 M € | +22.3% | 1,1 M € |
| Other | |||||||||||||||
| Workforce | 3,6 ETP | +20.0% | 3,0 ETP | 0.0% | 3,0 ETP | 0.0% | 3,0 ETP | +7.1% | 2,8 ETP | +40.0% | 2,0 ETP | 0.0% | 2,0 ETP | 0.0% | 2,0 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 9 ended
At this address
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Financials
Annual accounts
Full financial information
| 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 | 08/07/2026 | 07/07/2025 | 19/07/2024 | 11/07/2023 | 28/06/2022 | 07/06/2021 |
| General meeting | 08/05/2026 | 09/05/2025 | 10/05/2024 | 12/05/2023 | 13/05/2022 | 14/05/2021 |
| 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 |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
8 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 08/05/2026 | 08/07/2026 | Dutch | |
| Abridged model | 31/12/2024 | 09/05/2025 | 07/07/2025 | Dutch | |
| Abridged model | 31/12/2023 | 10/05/2024 | 19/07/2024 | Dutch | |
| Abridged model | 31/12/2022 | 12/05/2023 | 11/07/2023 | Dutch | |
| Abridged model | 31/12/2021 | 13/05/2022 | 28/06/2022 | Dutch | |
| Abridged model | 31/12/2020 | 14/05/2021 | 07/06/2021 | Dutch | |
| Abridged model | 31/12/2019 | 08/05/2020 | 08/06/2020 | Dutch | |
| Abridged model | 31/12/2018 | 28/06/2019 | 30/09/2019 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 10 M€ and 25 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.
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 31/12/2025 · 4 active · 9 ended
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates29/07/2025ONTSLAGEN - BENOEMINGEN
- Mandates25/11/2024ONTSLAGEN - BENOEMINGEN
- Other30/04/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates15/04/2024ONTSLAGEN - BENOEMINGEN
- Mandates18/03/2022ONTSLAGEN - BENOEMINGEN
- Other04/07/2018RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 20251,3 M €↑
- 2024Annual accounts 2024908,3 k €↑
- 2023Annual accounts 2023590,6 k €↑
- 2022Annual accounts 2022231 k €↓
- 2021Annual accounts 2021577,7 k €↑
- 2020Annual accounts 2020-761,5 k €↓
- 2019Annual accounts 201983,4 k €↓
- 2018Annual accounts 2018535,3 k €
- 02/07/2018IncorporationPublic limited company