ACTIVE

BELLECOM

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Financial year 2025 · closed on 31/12/2025
Net result
-1,3 M €
-18.1% YoY
Gross margin
1 M €
+50.7% YoY
Equity
-266,4 k €
-125.2% YoY

What does BELLECOM do?

BELLECOM is a Public limited company incorporated in 2018. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Ixelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0700.778.181
Incorporation
09/08/2018
Legal form
Public limited company
Registered office
Avenue Louise 65 box 1
1050 Ixelles · BruxellesSee on map
Contributed capital
5 120 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
68203Rental and operating of own or leased real estate· main68203Rental and operating of own or leased real estate41102Development of building projects68122Buying and selling of own real estate
Signals
Good liquidityPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120202019
Income statement
Gross margin1 M €687,9 k €297,2 k €-46,7 k €-80,6 k €-87,7 k €-286,3 k €
EBITDA404,3 k €501,1 k €296,1 k €-47,8 k €-82,2 k €-405,5 k €-773,9 k €
Operating result-437,2 k €-308 k €-542,1 k €-155,3 k €-82,2 k €-405,5 k €-773,9 k €
Net result-1,3 M €-1,1 M €-1,3 M €-256,6 k €-82,6 k €-507,8 k €-777,1 k €
Balance sheet
Equity-266,4 k €1,1 M €2,2 M €3,5 M €3,8 M €2,2 M €2,7 M €
Total assets26,4 M €27,4 M €28,5 M €27,6 M €22,8 M €19,7 M €10,4 M €
Cash1,6 M €1,5 M €1,7 M €362 k €286,9 k €1,7 M €282,6 k €
Debts24,5 M €24,7 M €25,5 M €24 M €19 M €17,3 M €7,6 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 14 ended

Active mandates

N-Bel

Director · since 31 mai 2024 · until 12 juin 2030 · 0805.698.826

Represented by Laurent Dassonville

Active
N-Bel

Director · since 31 mai 2024 · until 12 juin 2030 · 0805.698.826

Represented by Aït-Ahmad Abdelilah

Active

Ended mandates

N-Bel

Director · since 31 mai 2024 · until 12 juin 2030 · 0805.698.826

Represented by Laurent Dassonville

Ended
N-Bel

Director · since 31 mai 2024 · until 12 juin 2030 · 0805.698.826

Represented by Abdelilah Aït-Ahmad

Ended
Joannes Raphaël Van de Kimmenade

Director · since 22 février 2021 · until 31 mai 2024

Ended
Joannes Raphaël Van De Kimmenade

Director · since 22 février 2021 · until 10 juin 2026

Ended
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Annual accounts

Full financial information

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 date10/06/202621/08/202506/08/202428/07/202314/07/202218/03/2022
General meeting10/06/202611/06/202526/06/202430/06/202329/06/202211/03/2022
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

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202510/06/202610/06/2026DutchPDF
Abridged model31/12/202411/06/202521/08/2025DutchPDF
Abridged model31/12/202326/06/202406/08/2024DutchPDF
Abridged model31/12/202230/06/202328/07/2023DutchPDF
Abridged model31/12/202129/06/202214/07/2022DutchPDF
Abridged model31/12/202011/03/202218/03/2022DutchPDF
Abridged model31/12/201901/09/202030/10/2020DutchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 14 ended

Active mandates

N-Bel

Director · since 31 mai 2024 · until 12 juin 2030 · 0805.698.826

Represented by Laurent Dassonville

Active
N-Bel

Director · since 31 mai 2024 · until 12 juin 2030 · 0805.698.826

Represented by Aït-Ahmad Abdelilah

Active

Ended mandates

N-Bel

Director · since 31 mai 2024 · until 12 juin 2030 · 0805.698.826

Represented by Laurent Dassonville

Ended
N-Bel

Director · since 31 mai 2024 · until 12 juin 2030 · 0805.698.826

Represented by Abdelilah Aït-Ahmad

Ended
Joannes Raphaël Van de Kimmenade

Director · since 22 février 2021 · until 31 mai 2024

Ended
Joannes Raphaël Van De Kimmenade

Director · since 22 février 2021 · until 10 juin 2026

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates17/09/2026
    Ontslag - Benoeming
    PDF
  • Registered office12/03/2026
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates09/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/08/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other28/03/2024
    DIVERSEN
    PDF
  • Mandates06/10/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office28/10/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates16/09/2022
    ONTSLAGEN - BENOEMINGEN
    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 2025-1,3 M €↓
  2. 2024
    Annual accounts 2024-1,1 M €↑
  3. 2023
    Annual accounts 2023-1,3 M €↓
  4. 2022
    Annual accounts 2022-256,6 k €↓
  5. 2021
    Annual accounts 2021-82,6 k €↑
  6. 2020
    Annual accounts 2020-507,8 k €↑
  7. 2019
    Annual accounts 2019-777,1 k €
  8. 09/08/2018
    IncorporationPublic limited company