ACTIVE

Belufin

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Financial year 2025 · closed on 31/12/2025
Net result
6,2 M €
+1815.3% YoY
Gross margin
468,6 k €
-26.3% YoY
Equity
15,5 M €
+64.1% YoY
Workforce
1,0 ETP

What does Belufin do?

Belufin is a Public limited company incorporated in 2021. Its main activity is: Activities of holding companies. Its registered office is in Gent. It employs on average 1,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0777.247.241
Incorporation
10/11/2021
Legal form
Public limited company
Registered office
Rodebeukendreef 5a
9050 Gent · FlandreSee on map
Contributed capital
650 000,00 €
Latest accounts
31/12/2025
Average workforce
1,0 ETP
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies70100Activities of head offices
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Gross margin468,6 k €635,5 k €678,3 k €104,4 k €
EBITDA404,2 k €634,3 k €677,7 k €103,3 k €
Operating result404,2 k €634,3 k €677,7 k €103,3 k €
Net result6,2 M €322,9 k €4,4 M €4,3 M €
Balance sheet
Equity15,5 M €9,5 M €9,3 M €5 M €
Total assets27,6 M €24,4 M €19,7 M €16,6 M €
Cash244,5 k €140,6 k €181,6 k €164 k €
Debts12 M €14,8 M €10,5 M €11,5 M €
Other
Workforce1,0 ETP–––
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 · 4 active

Active mandates

Arthauris Invest

Managing director · 0680.899.418

Represented by Johan Devriese

Active
ATventures

Managing director · 0568.855.015

Represented by Jan Van der Beke

Active
Jean-Sébastien Scarcez

Director

Active
Pieter Norga

Managing director

Active
At this address

Other companies at this address

CompanyCBE no.
CAPFORCE● Active
0681.471.817
Annual accounts

Full financial information

2025202420232022
Type of accountAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202310/11/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months14 months
Filing date08/09/202618/08/202519/07/202423/06/2023
General meeting31/07/202605/06/202506/06/202401/06/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202531/07/202608/09/2026DutchPDF
Abridged model31/12/202405/06/202518/08/2025DutchPDF
Abridged model31/12/202306/06/202419/07/2024DutchPDF
Abridged model31/12/202201/06/202323/06/2023DutchPDF
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 · 4 active

Active mandates

Arthauris Invest

Managing director · 0680.899.418

Represented by Johan Devriese

Active
ATventures

Managing director · 0568.855.015

Represented by Jan Van der Beke

Active
Jean-Sébastien Scarcez

Director

Active
Pieter Norga

Managing director

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates18/02/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other16/11/2021
    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 20256,2 M €↑
  2. 2024
    Annual accounts 2024322,9 k €↓
  3. 2023
    Annual accounts 20234,4 M €↑
  4. 2022
    Annual accounts 20224,3 M €
  5. 10/11/2021
    IncorporationPublic limited company