ACTIVE

Belcin

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Financial year 2025 · closed on 31/12/2025
Net result
100,6 k €
+11.3% YoY
Gross margin
294,8 k €
+7.6% YoY
Equity
933,8 k €
+11.6% YoY

What does Belcin do?

Belcin is a Private limited company incorporated in 2019. Its main activity is: Buying and selling of own real estate. Its registered office is in Brugge.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0726.602.848
Incorporation
09/05/2019
Legal form
Private limited company
Registered office
Langestraat 35
8000 Brugge · FlandreSee on map
Contributed capital
30 082,43 €
Latest accounts
31/12/2025
Activities (NACE)
68100Buying and selling of own real estate· main68110Buying and selling of own real estate68201Rental and operating of own or leased real estate68201Rental and operating of own or leased real estate68203Rental and operating of own or leased real estate68203Rental and operating of own or leased real estate
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222020
Income statement
Gross margin294,8 k €274 k €249,7 k €317,7 k €90,7 k €
EBITDA262 k €242,2 k €219 k €289,7 k €76,4 k €
Operating result139,4 k €123,2 k €105,4 k €180,2 k €13,4 k €
Net result100,6 k €90,4 k €94,8 k €172,8 k €1,1 k €
Balance sheet
Equity933,8 k €836,5 k €749,5 k €738 k €21,1 k €
Total assets1,9 M €1,8 M €1,8 M €1,9 M €1,3 M €
Cash280,6 k €88,8 k €124,8 k €45,6 k €37,8 k €
Debts904,9 k €931,8 k €1,1 M €1,1 M €1,2 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

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

Active mandates

COMVANCO

Director · 0810.999.974

Represented by Krist COMEINE

Active
GERSYCO

Director · 0811.002.350

Represented by Gerdy SYX

Active

Ended mandates

COMVANCO

Director · 0810.999.974

Represented by Krist Comeine

Ended
GERSYCO

Director · 0811.002.350

Represented by Gerdy Syx

Ended
At this address

Other companies at this address

CompanyCBE no.
COMVANCO● Active
0810.999.974
FLOWER● Active
1018.435.266
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202109/05/2019
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 months20 months
Filing date08/06/202610/06/202504/06/202429/06/202320/06/202208/06/2021
General meeting06/06/202607/06/202501/06/202403/06/202304/06/202205/06/2021
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

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202506/06/202608/06/2026DutchPDF
Micro model31/12/202407/06/202510/06/2025DutchPDF
Micro model31/12/202301/06/202404/06/2024DutchPDF
Micro model31/12/202203/06/202329/06/2023DutchPDF
Micro model31/12/202104/06/202220/06/2022DutchPDF
Micro model31/12/202005/06/202108/06/2021DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 2 ended

Active mandates

COMVANCO

Director · 0810.999.974

Represented by Krist COMEINE

Active
GERSYCO

Director · 0811.002.350

Represented by Gerdy SYX

Active

Ended mandates

COMVANCO

Director · 0810.999.974

Represented by Krist Comeine

Ended
GERSYCO

Director · 0811.002.350

Represented by Gerdy Syx

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office22/06/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Restructuring19/07/2021
    DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring29/04/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Other13/05/2019
    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 2025100,6 k €↑
  2. 2024
    Annual accounts 202490,4 k €↓
  3. 2023
    Annual accounts 202394,8 k €↓
  4. 2022
    Annual accounts 2022172,8 k €↑
  5. 2020
    Annual accounts 20201,1 k €
  6. 09/05/2019
    IncorporationPrivate limited company