ACTIVE

BELUGA 09

Financial year 2025 · closed on 31/12/2025
Net result
-29,3 k €
-21.9% YoY
Gross margin
173,9 k €
-1.7% YoY
Equity
12,7 k €
-69.8% YoY
Workforce
0,0 ETP

What does BELUGA 09 do?

BELUGA 09 is a Public limited company incorporated in 2009. Its registered office is in Antwerpen.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0811.624.734
Incorporation
08/05/2009
Legal form
Public limited company
Registered office
Michel De Braeystraat 55
2000 Antwerpen · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Signals
Good liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021202020192018201720162015201420132012201120102009
Income statement
Gross margin173,9 k €176,9 k €161,3 k €146,4 k €143 k €83,1 k €178,6 k €103,1 k €199,5 k €222,9 k €189,1 k €135,4 k €206,8 k €179,9 k €165,1 k €974 k €557,5 k €
EBITDA120,9 k €128,2 k €133,1 k €103,9 k €54,3 k €78 k €130,7 k €88,4 k €153 k €177,2 k €147 k €86,2 k €170,3 k €194,3 k €129,2 k €947,5 k €539,6 k €
Operating result90,1 k €97,4 k €102,2 k €73 k €23,4 k €47,1 k €99,9 k €57,6 k €122,1 k €146,3 k €116,2 k €55,3 k €68,7 k €87,2 k €98,4 k €629,6 k €368,8 k €
Net result-29,3 k €-24 k €-4,2 k €-15,1 k €-9,9 k €-8,4 k €12,7 k €-11 k €3,9 k €23 k €52,1 k €728,4 k €-2,8 k €-17,9 k €-1,9 k €246,6 k €-9 k €
Balance sheet
Equity12,7 k €41,9 k €65,9 k €70,2 k €167,8 k €177,7 k €186,1 k €173,4 k €184,4 k €180,5 k €157,5 k €105,4 k €77 k €79,8 k €97,7 k €99,7 k €53 k €
Total assets6 M €6,1 M €6,1 M €6,2 M €6,2 M €6,2 M €6,3 M €6,3 M €6,4 M €6,4 M €6,5 M €7,2 M €9,1 M €9,4 M €6,6 M €16,2 M €12,4 M €
Cash111,5 k €171,1 k €151,9 k €162,6 k €145,5 k €123,2 k €160 k €136,5 k €234 k €230,8 k €210,4 k €907,1 k €135,2 k €169,3 k €264,9 k €9,9 M €865,1 k €
Debts5,9 M €5,9 M €6 M €6 M €6 M €6 M €6 M €6,1 M €6,1 M €6,1 M €6,2 M €6,9 M €8,9 M €9,2 M €6,3 M €11,2 M €11,6 M €
Other
Workforce0,0 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 · 2 active · 18 ended

Active mandates

GROUP MINERVA

Director · since 30 avril 2019 · 0436.440.216

Represented by Dirk Cavens

Active
FORESITE

Director · since 25 juillet 2014 · 0552.539.714

Represented by Benoit Nibelle

Active

Ended mandates

FORESITE

Director · since 30 avril 2019 · until 29 septembre 2025 · 0552.539.714

Represented by Benoit NIBELLE

Ended
GROUP MINERVA

Director · since 30 avril 2019 · until 29 septembre 2025 · 0436.440.216

Represented by Dirk CAVENS

Ended
FORESITE

Director · since 26 avril 2019 · until 25 avril 2025 · 0552.539.714

Represented by Benoit Nibelle

Ended
Foresite NV

Director · since 26 avril 2019 · until 25 avril 2025 · 0465.718.873

Represented by Benoit Nibelle

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 date25/08/202630/09/202502/10/202403/10/202307/10/202215/10/2021
General meeting31/07/202629/09/202530/06/202430/06/202330/06/202230/06/2021
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

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202531/07/202625/08/2026DutchPDF
Abridged model31/12/202429/09/202530/09/2025DutchPDF
Abridged model31/12/202330/06/202402/10/2024DutchPDF
Abridged model31/12/202230/06/202303/10/2023DutchPDF
Abridged model31/12/202130/06/202207/10/2022DutchPDF
Abridged model31/12/202030/06/202115/10/2021DutchPDF
Abridged model31/12/201924/04/202021/11/2020DutchPDF
Abridged model31/12/201826/04/201930/09/2019DutchPDF
Abridged model31/12/201727/04/201802/10/2018DutchPDF
Abridged model31/12/201628/04/201731/08/2017DutchPDF
Abridged model31/12/201529/04/201630/08/2016DutchPDF
Abridged model31/12/201416/03/201527/08/2015DutchPDF
Abridged model31/12/201325/04/201429/08/2014DutchPDF
Abridged model31/12/201226/04/201327/08/2013DutchPDF
Abridged model31/12/201127/04/201230/07/2012DutchPDF
Abridged model31/12/201029/04/201125/07/2011DutchPDF
Abridged model31/12/200930/04/201030/07/2010DutchPDF
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 · 18 ended

Active mandates

GROUP MINERVA

Director · since 30 avril 2019 · 0436.440.216

Represented by Dirk Cavens

Active
FORESITE

Director · since 25 juillet 2014 · 0552.539.714

Represented by Benoit Nibelle

Active

Ended mandates

FORESITE

Director · since 30 avril 2019 · until 29 septembre 2025 · 0552.539.714

Represented by Benoit NIBELLE

Ended
GROUP MINERVA

Director · since 30 avril 2019 · until 29 septembre 2025 · 0436.440.216

Represented by Dirk CAVENS

Ended
FORESITE

Director · since 26 avril 2019 · until 25 avril 2025 · 0552.539.714

Represented by Benoit Nibelle

Ended
Foresite NV

Director · since 26 avril 2019 · until 25 avril 2025 · 0465.718.873

Represented by Benoit Nibelle

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates21/11/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other16/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN
    PDF
  • Mandates14/04/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office08/05/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates04/01/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/09/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office14/01/2013
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other18/05/2009
    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 2025-29,3 k €
  2. 2024
    Annual accounts 2024-24 k €
  3. 2023
    Annual accounts 2023-4,2 k €
  4. 2022
    Annual accounts 2022-15,1 k €
  5. 2021
    Annual accounts 2021-9,9 k €
  6. 2020
    Annual accounts 2020-8,4 k €
  7. 2019
    Annual accounts 201912,7 k €
  8. 2018
    Annual accounts 2018-11 k €
  9. 2017
    Annual accounts 20173,9 k €
  10. 2016
    Annual accounts 201623 k €
  11. 2015
    Annual accounts 201552,1 k €
  12. 2014
    Annual accounts 2014728,4 k €
  13. 2013
    Annual accounts 2013-2,8 k €
  14. 2012
    Annual accounts 2012-17,9 k €
  15. 2011
    Annual accounts 2011-1,9 k €
  16. 2010
    Annual accounts 2010246,6 k €
  17. 2009
    Annual accounts 2009-9 k €
  18. 08/05/2009
    IncorporationPublic limited company