ACTIVE

BELSKAND

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Financial year 2025 · Closed on 31/12/2025

Net result16,5 M €-34,3 %over 1 year

Equity88,8 M €+22,9 %over 1 year

Identity

Source · BCE/KBO

BELSKAND is a Public limited company incorporated in 2019. Its registered office is in Waterloo.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0736.950.768
Incorporation: 30/10/2019
Legal form: Public limited company
Registered office: Drève Richelle 161 O box 5
1410 Waterloo · WallonieSee on map
Contributed capital: 61 500,00 €
Latest accounts: 31/12/2025

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 7 filings

Trend over 6 financial years

	2025		2024		2023		2022		2021
Income statement
EBITDA	-82,6 k €	-0.2%	-82,4 k €	+0.3%	-82,6 k €	-0.6%	-82,1 k €	+23.5%	-107,4 k €
Operating result	-82,6 k €	+3.0%	-85,1 k €	+0.8%	-85,8 k €	-0.6%	-85,3 k €	+22.8%	-110,5 k €
Net result	16,5 M €	-34.3%	25,2 M €	-13.9%	29,2 M €	+185%	10,2 M €	+6.3%	9,6 M €
Balance sheet
Equity	88,8 M €	+22.9%	72,3 M €	+53.4%	47,1 M €	+163%	17,9 M €	+134%	7,7 M €
Total assets	88,8 M €	+22.9%	72,3 M €	-0.1%	72,3 M €	-0.1%	72,4 M €	-0.1%	72,5 M €
Cash	16,5 M €	+83839%	19,7 k €	-65.7%	57,5 k €	-60.5%	145,6 k €	+1795%	7,7 k €
Debts	9,2 k €	-11.7%	10,4 k €	-100.0%	25,2 M €	-53.8%	54,5 M €	-15.9%	64,8 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ALOHA MANAGEMENT0705.994.011Represented by Murielle Degeest	Managing director30/10/2019 → 02/06/2031
Christian Peter DYVIG	Chairman of the board of directors27/05/2021 → 02/06/2031
Michael Hauge SøRENSEN	Vice-chairman of the board of directors27/05/2021 → 02/06/2031

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Anders Davidsson	Chairman of the board of directors30/10/2019 → 27/05/2021

Other companies at this address

Drève Richelle 161 O 1410 Waterloo

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EMERGYA MANAGEMENT● Active	0770.733.492
European Finance & Technologie Solutions● Active	1005.272.168
Falk & Ross Group Belgium● Active	0471.752.372
FINLIFE● Active	0480.666.375
HERPE & PARTNERS● Active	0845.273.143
LASNE FINANCE● Active	0870.847.291
LA TERRE EMOI● Active	0864.280.292
LVMA TAX CONSULTING● Active	0652.902.149
MANDALA● Active	0666.588.156
OCIT● Active	0810.758.860
Ô Mely● Active	0726.398.554
THE COTTON GROUP● Active	0440.097.116
VITAFINANCE● Active	0688.749.290

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	30/10/2019
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	15 months
Filing date	08/07/2026	18/06/2025	28/06/2024	22/06/2023	05/07/2022	30/06/2021
General meeting	29/06/2026	02/06/2025	03/06/2024	21/06/2023	24/06/2022	07/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 7 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/06/2026	08/07/2026	French	PDF
Full model	31/12/2024	02/06/2025	18/06/2025	French	PDF
Full model	31/12/2023	03/06/2024	28/06/2024	French	PDF
Full model	31/12/2022	21/06/2023	22/06/2023	French	PDF
Full model	31/12/2021	24/06/2022	05/07/2022	French	PDF
Full modelCorrection	31/12/2020	07/06/2021	30/06/2021	French	PDF
Full model	31/12/2020	07/06/2021	18/06/2021	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ALOHA MANAGEMENT0705.994.011Represented by Murielle Degeest	Managing director30/10/2019 → 02/06/2031
Christian Peter DYVIG	Chairman of the board of directors27/05/2021 → 02/06/2031
Michael Hauge SøRENSEN	Vice-chairman of the board of directors27/05/2021 → 02/06/2031

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Anders Davidsson	Chairman of the board of directors30/10/2019 → 27/05/2021

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates27/07/2026
Nomination Commissaire
PDF
Mandates10/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates08/08/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates27/11/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates18/10/2021
DEMISSIONS, NOMINATIONS
PDF
Registered office07/06/2021
SIEGE SOCIAL
PDF
Mandates04/12/2019
DEMISSIONS, NOMINATIONS
PDF
Other04/11/2019
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings6 filings

Mandates

ALOHA MANAGEMENT

Michael Hauge SøRENSEN

Christian Peter DYVIG

Anders Davidsson

2019202020212022202320242025202620272028202920302031

BELSKAND

Drève Richelle 161 O bte 5, 1410 Waterloo

Managing director

Vice-chairman of the board of directors

Chairman of the board of directors

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Drève Richelle 161 O bte 5, 1410 WaterlooCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00275734

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BELSKANDCurrent	accounts 2020 → 2025	Accounts 2025 · 2026-00275734

Events

2025
Annual accounts 202516,5 M €↓
02/06/2025
reconductionALOHA MANAGEMENT srl · Administrateur
02/06/2025
reconductionChristian Peter DYVIG · Administrateur
02/06/2025
reconductionMichael Hauge SeRENSEN · Administrateur
02/06/2025
nominationChristian Peter DYVIG · Président du Conseil d'Administration
02/06/2025
nominationALOHA MANAGEMENT srl · administrateur-délégué
2024
Annual accounts 202425,2 M €↓
03/06/2024
reconductionChristian Peter DYVIG · Administrateur
03/06/2024
reconductionMichael Hauge SaRENSEN · Administrateur
03/06/2024
nominationPeter Christian DYVIG · Président du Conseil
03/06/2024
nominationMurielle Degeest · Administrateur-délégué
2023
Annual accounts 202329,2 M €↑
2022
Annual accounts 202210,2 M €↑
2021
Annual accounts 20219,6 M €↑
2020
Annual accounts 2020-2,1 M €
30/10/2019
IncorporationPublic limited company

BELSKAND

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events