ACTIVE

Belgian Gastronomic Development

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Financial year 2025 · closed on 31/12/2025

Net result

170,3 k €

+91.0% YoY

Gross margin

173,5 k €

+92.6% YoY

Equity

-608 k €

+21.9% YoY

What does Belgian Gastronomic Development do?

Belgian Gastronomic Development is a Private limited company incorporated in 2009. Its main activity is: Organisation of conventions and trade shows. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0818.176.291

Incorporation

01/09/2009

Legal form

Private limited company

Registered office

Rue Paul Spaak 2
1050 Ixelles · BruxellesSee on map

Contributed capital

20 460,00 €

Latest accounts

31/12/2025

Activities (NACE)

82300Organisation of conventions and trade shows· main 82300Organisation of conventions and trade shows

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	173,5 k €	+92.6%	90,1 k €	+600%	12,9 k €	+463%	2,3 k €	+127%	-8,4 k €	-121%	40,6 k €	-66.6%	121,6 k €	+354%	-47,9 k €	+87.5%	-384,2 k €	-231%	-116,1 k €	-1561%	-7 k €	+93.7%	-111,7 k €	-198%	113,6 k €	+140%	-286,1 k €	-593%	58 k €
EBITDA	173,1 k €	+92.9%	89,7 k €	+618%	12,5 k €	+544%	1,9 k €	+122%	-8,7 k €	-126%	33,5 k €	-72.3%	120,7 k €	+328%	-53,1 k €	+86.2%	-384,5 k €	-229%	-116,7 k €	-1162%	-9,3 k €	+95.2%	-191,8 k €	-525%	45,1 k €	+112%	-391,4 k €	-831%	53,6 k €
Operating result	172,7 k €	+92.8%	89,6 k €	+617%	12,5 k €	+544%	1,9 k €	+122%	-8,7 k €	-126%	33,5 k €	-72.3%	120,7 k €	+328%	-53,1 k €	+86.3%	-387,2 k €	-219%	-121,6 k €	-205%	-39,9 k €	+82.2%	-223,7 k €	-1241%	19,6 k €	+105%	-416,4 k €	-2005%	21,9 k €
Net result	170,3 k €	+91.0%	89,2 k €	+847%	9,4 k €	+466%	-2,6 k €	-105%	50,1 k €	+252%	14,2 k €	-86.2%	103,2 k €	+262%	-63,8 k €	+84.0%	-398,9 k €	-1933%	21,8 k €	+129%	-75,9 k €	+70.5%	-257,4 k €	-377%	92,9 k €	+122%	-431,1 k €	-8502%	5,1 k €
Balance sheet
Equity	-608 k €	+21.9%	-778,4 k €	+10.3%	-867,6 k €	+1.1%	-877 k €	-0.3%	-874,4 k €	+10.0%	-971,3 k €	+1.4%	-985,5 k €	+9.5%	-1,1 M €	-6.2%	-1 M €	-63.7%	-626 k €	+5.2%	-660,2 k €	-13.0%	-584,2 k €	-78.7%	-326,8 k €	+22.1%	-419,8 k €	-3804%	11,3 k €
Total assets	1,1 M €	+170%	392,9 k €	-20.4%	493,5 k €	+94.3%	254 k €	-5.0%	267,3 k €	-22.9%	346,5 k €	-50.4%	698,7 k €	+11.5%	626,8 k €	-16.7%	752,3 k €	+17.4%	640,8 k €	+25.2%	511,7 k €	+19.0%	430 k €	+99.1%	216 k €	-41.2%	367,3 k €	-17.0%	442,6 k €
Cash	244,9 k €	+528%	39 k €	-73.9%	149,5 k €	+20231%	735,3 €	-78.6%	3,4 k €	-43.3%	6,1 k €	-95.4%	132,3 k €	+9.8%	120,4 k €	+5.2%	114,5 k €	+1347%	7,9 k €	-82.9%	46,2 k €	+322%	10,9 k €	+703%	1,4 k €	-96.4%	38,2 k €	+322%	9 k €
Debts	1,7 M €	+42.5%	1,2 M €	-14.0%	1,4 M €	+20.2%	1,1 M €	-0.9%	1,1 M €	-8.9%	1,3 M €	-23.0%	1,6 M €	-2.0%	1,7 M €	-4.7%	1,7 M €	+40.5%	1,2 M €	+9.6%	1,1 M €	+14.4%	989,1 k €	+87.8%	526,8 k €	-31.0%	763,2 k €	+116%	352,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		2,0 ETP	0.0%	2,0 ETP	-25.9%	2,7 ETP	+1250%	0,2 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 · 4 ended

Active mandates

Cédric Allard

Director

Active

MADS

Director · 0533.764.175

Active

Ended mandates

Cédric Allard

Director · since 08 mai 2015

Ended

Cédric Allard

Manager

Ended

Jean Patrick SMAL

Manager

Ended

Lionel Majorovic

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
IMMO TAAC● Active	0783.297.863
MADS● Active	0533.764.175
Thiriar Audrey Consulting● Active	0783.297.665
TRIBE AGENCY● Active	0674.654.103

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Micro model	Micro model	Micro model	Micro 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	04/08/2026	21/07/2025	05/07/2024	17/08/2023	20/07/2022	02/07/2021
General meeting	18/06/2026	19/06/2025	20/06/2024	15/06/2023	16/06/2022	17/06/2021
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

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	18/06/2026	04/08/2026	French	PDF
Micro model	31/12/2024	19/06/2025	21/07/2025	French	PDF
Micro model	31/12/2023	20/06/2024	05/07/2024	French	PDF
Micro model	31/12/2022	15/06/2023	17/08/2023	French	PDF
Micro model	31/12/2021	16/06/2022	20/07/2022	French	PDF
Micro model	31/12/2020	17/06/2021	02/07/2021	French	PDF
Micro model	31/12/2019	18/06/2020	28/07/2020	French	PDF
Abridged model	31/12/2018	20/06/2019	13/08/2019	French	PDF
Abridged model	31/12/2017	27/08/2018	27/08/2018	French	PDF
Abridged model	31/12/2016	28/08/2017	22/09/2017	French	PDF
Abridged model	31/12/2015	16/06/2016	17/08/2016	French	PDF
Abridged model	31/12/2014	16/09/2015	29/09/2015	French	PDF
Abridged model	31/12/2013	19/09/2014	30/09/2014	French	PDF
Abridged model	31/12/2012	13/09/2013	17/09/2013	French	PDF
Abridged model	31/12/2011	19/09/2012	25/09/2012	French	PDF
Abridged model	31/12/2010	16/06/2011	02/09/2011	French	PDF

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 · 4 ended

Active mandates

Cédric Allard

Director

Active

MADS

Director · 0533.764.175

Active

Ended mandates

Cédric Allard

Director · since 08 mai 2015

Ended

Cédric Allard

Manager

Ended

Jean Patrick SMAL

Manager

Ended

Lionel Majorovic

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/12/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office21/06/2022
SIEGE SOCIAL
PDF
Mandates14/05/2018
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION
PDF
Registered office16/11/2017
SIEGE SOCIAL
PDF
Mandates04/06/2015
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office04/02/2015
SIEGE SOCIAL
PDF
Mandates12/04/2012
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
PDF
Registered office27/01/2012
SIEGE SOCIAL
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 2025170,3 k €↑
2024
Annual accounts 202489,2 k €↑
2023
Annual accounts 20239,4 k €↑
2022
Annual accounts 2022-2,6 k €↓
2021
Annual accounts 202150,1 k €↑
2019
Annual accounts 201914,2 k €↓
2018
Annual accounts 2018103,2 k €↑
2017
Annual accounts 2017-63,8 k €↑
2017
Name changeBelgian Gastronomic Development
2016
Annual accounts 2016-398,9 k €↓
2015
Annual accounts 201521,8 k €↑
2014
Annual accounts 2014-75,9 k €↑
2013
Annual accounts 2013-257,4 k €↓
2012
Annual accounts 201292,9 k €↑
2011
Annual accounts 2011-431,1 k €↓
2010
Annual accounts 20105,1 k €
2010
Name changeCULINARIA
01/09/2009
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

Belgian Gastronomic Development

Overview

What does Belgian Gastronomic Development do?

Trend over 15 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