ACTIVE

Belfuture 2

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Financial year 2025 · closed on 31/12/2025

Net result

236,7 k €

+56.7% YoY

Revenue

2,2 M €

+7.3% YoY

Equity

4,4 M €

-11.0% YoY

What does Belfuture 2 do?

Belfuture 2 is a Private limited company incorporated in 2009. Its main activity is: Production of electricity. Its registered office is in Heusden-Zolder.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0812.185.651

Incorporation

03/06/2009

Legal form

Private limited company

Registered office

De Lange Beemden 14.1
3550 Heusden-Zolder · FlandreSee on map

Contributed capital

1 133 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

35110Production of electricity· main 35110Production of electricity 35120Transmission of electricity 35130Distribution of electricity 35140Trade of electricity 35150Electric power generation, transmission and distribution

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Revenue	2,2 M €	+7.3%	2 M €	-14.2%	2,4 M €	-1.0%	2,4 M €	+16.4%	2,1 M €	-3.3%	2,1 M €	+6.0%	2 M €	-14.8%	2,4 M €	+36.9%	1,7 M €	-7.6%	1,9 M €	-5.9%	2 M €	-2.6%	2 M €	+4.2%	2 M €	+4.9%	1,9 M €	-2.2%	1,9 M €	+52.3%	1,3 M €
EBITDA	1,2 M €	+3.0%	1,2 M €	-5.0%	1,2 M €	-22.2%	1,6 M €	+23.8%	1,3 M €	-6.1%	1,3 M €	-1.3%	1,4 M €	-15.9%	1,6 M €	+45.6%	1,1 M €	-10.6%	1,2 M €	-9.9%	1,4 M €	-2.9%	1,4 M €	+5.4%	1,3 M €	+7.2%	1,3 M €	-2.2%	1,3 M €	+57.3%	814,6 k €
Operating result	269,6 k €	+14.8%	234,8 k €	-20.4%	294,9 k €	-53.9%	639,5 k €	+87.8%	340,5 k €	-19.5%	422,8 k €	-4.1%	440,8 k €	-15.7%	523,2 k €	+27.7%	409,6 k €	-24.3%	540,8 k €	-20.1%	676,5 k €	-5.8%	717,9 k €	+11.2%	645,8 k €	+16.4%	554,9 k €	-0.8%	559,4 k €	-10.1%	622 k €
Net result	236,7 k €	+56.7%	151,1 k €	-21.4%	192,2 k €	-57.4%	451,1 k €	+89.7%	237,8 k €	-4.8%	249,8 k €	-3.0%	257,5 k €	-8.8%	282,4 k €	+56.9%	180 k €	-25.4%	241,3 k €	-26.8%	329,7 k €	-9.4%	364 k €	-10.6%	407 k €	+184%	143,4 k €	+114%	67 k €	-83.5%	407,1 k €
Balance sheet
Equity	4,4 M €	-11.0%	4,9 M €	+1.4%	4,9 M €	-1.8%	5 M €	-0.6%	5 M €	+3.2%	4,8 M €	-1.6%	4,9 M €	-1.5%	5 M €	+129%	2,2 M €	-3.6%	2,3 M €	-3.6%	2,3 M €	-3.3%	2,4 M €	-3.1%	2,5 M €	-9.8%	2,8 M €	-10.9%	3,1 M €	-0.4%	3,1 M €
Total assets	9,3 M €	-0.4%	9,4 M €	-8.7%	10,3 M €	-8.7%	11,2 M €	-2.9%	11,6 M €	-8.5%	12,7 M €	-7.3%	13,7 M €	+2.8%	13,3 M €	+19.4%	11,1 M €	-7.1%	12 M €	-0.2%	12 M €	-5.0%	12,6 M €	-8.7%	13,9 M €	-3.5%	14,4 M €	-3.3%	14,8 M €	-10.3%	16,6 M €
Cash	1,5 M €	+182%	521 k €	+24.5%	418,4 k €	-3.3%	432,8 k €	+28.4%	337 k €	-33.1%	503,5 k €	+36.9%	367,7 k €	-70.7%	1,3 M €	+130%	546 k €	-56.8%	1,3 M €	+99.3%	634,7 k €	+33.8%	474,4 k €	-50.4%	957,1 k €	+67.4%	571,8 k €	+30.7%	437,5 k €	+331%	101,5 k €
Debts	4,7 M €	+12.6%	4,2 M €	-18.5%	5,1 M €	-15.1%	6 M €	-4.7%	6,3 M €	-16.3%	7,6 M €	-10.8%	8,5 M €	+5.6%	8 M €	-7.8%	8,7 M €	-8.3%	9,5 M €	+1.2%	9,4 M €	-5.6%	9,9 M €	-10.8%	11,2 M €	-1.5%	11,3 M €	-2.5%	11,6 M €	-12.6%	13,3 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 35 ended

Active mandates

ENERGY SOLUTIONS GROUP

Managing director · since 27 avril 2023 · until 27 avril 2028 · 0643.473.155

Represented by Bert CREEMERS

Active

PATRONALE LIFE

Chairman of the board of directors · since 27 avril 2023 · until 27 avril 2028 · 0415.120.705

Represented by Filip MOEYKENS

Active

RENTFIN

Director · since 27 avril 2023 · until 27 avril 2028 · 0787.966.929

Represented by Peggy RENTMEESTERS

Active

Ended mandates

Bert CREEMERS

Director · since 30 mars 2020 · until 27 avril 2023

Ended

Bert CREEMERS

Director · since 30 mars 2020 · until 23 avril 2026

Ended

Diederik BAETE

Director · since 30 mars 2020 · until 27 avril 2023

Ended

Diederik BAETE

Director · since 30 mars 2020 · until 23 avril 2026

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
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	12 months
Filing date	21/05/2026	16/05/2025	22/05/2024	26/05/2023	08/07/2022	07/06/2021
General meeting	23/04/2026	24/04/2025	25/04/2024	27/04/2023	28/04/2022	07/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	23/04/2026	21/05/2026	Dutch	PDF
Abridged model	31/12/2024	24/04/2025	16/05/2025	Dutch	PDF
Abridged model	31/12/2023	25/04/2024	22/05/2024	Dutch	PDF
Abridged model	31/12/2022	27/04/2023	26/05/2023	Dutch	PDF
Abridged model	31/12/2021	28/04/2022	08/07/2022	Dutch	PDF
Abridged model	31/12/2020	07/05/2021	07/06/2021	Dutch	PDF
Abridged model	31/12/2019	25/09/2020	05/10/2020	Dutch	PDF
Full model	31/12/2018	25/04/2019	05/08/2019	Dutch	PDF
Full model	30/09/2017	09/03/2018	22/03/2018	Dutch	PDF
Full model	30/09/2016	10/03/2017	29/03/2017	Dutch	PDF
Full model	30/09/2015	11/03/2016	01/04/2016	Dutch	PDF
Full model	30/09/2014	13/03/2015	30/03/2015	Dutch	PDF
Full model	30/09/2013	14/03/2014	07/04/2014	Dutch	PDF
Full model	30/09/2012	27/02/2013	12/03/2013	Dutch	PDF
Full model	30/09/2011	09/03/2012	02/04/2012	Dutch	PDF
Full model	30/09/2010	05/11/2010	10/11/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 3 active · 35 ended

Active mandates

ENERGY SOLUTIONS GROUP

Managing director · since 27 avril 2023 · until 27 avril 2028 · 0643.473.155

Represented by Bert CREEMERS

Active

PATRONALE LIFE

Chairman of the board of directors · since 27 avril 2023 · until 27 avril 2028 · 0415.120.705

Represented by Filip MOEYKENS

Active

RENTFIN

Director · since 27 avril 2023 · until 27 avril 2028 · 0787.966.929

Represented by Peggy RENTMEESTERS

Active

Ended mandates

Bert CREEMERS

Director · since 30 mars 2020 · until 27 avril 2023

Ended

Bert CREEMERS

Director · since 30 mars 2020 · until 23 avril 2026

Ended

Diederik BAETE

Director · since 30 mars 2020 · until 27 avril 2023

Ended

Diederik BAETE

Director · since 30 mars 2020 · until 23 avril 2026

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other06/07/2026
—
PDF
Mandates13/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/12/2021
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/05/2020
DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates11/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/07/2018
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
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

2025
Annual accounts 2025236,7 k €↑
2024
Annual accounts 2024151,1 k €↓
2023
Annual accounts 2023192,2 k €↓
2022
Annual accounts 2022451,1 k €↑
2021
Annual accounts 2021237,8 k €↓
2020
Annual accounts 2020249,8 k €↓
2019
Annual accounts 2019257,5 k €↓
2018
Annual accounts 2018282,4 k €↑
2017
Annual accounts 2017180 k €↓
2016
Annual accounts 2016241,3 k €↓
2015
Annual accounts 2015329,7 k €↓
2014
Annual accounts 2014364 k €↓
2013
Annual accounts 2013407 k €↑
2012
Annual accounts 2012143,4 k €↑
2011
Annual accounts 201167 k €↓
2010
Annual accounts 2010407,1 k €
03/06/2009
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Belfuture 2

Overview

What does Belfuture 2 do?

Trend over 16 financial years

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