ACTIVE

BELVIER

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Financial year 2025 · closed on 30/06/2025

Net result

-17,2 k €

-204.4% YoY

Gross margin

72,1 k €

+15.5% YoY

Equity

120,6 k €

-12.5% YoY

What does BELVIER do?

BELVIER is a Private limited company incorporated in 2011. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Roeselare.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0834.215.638

Incorporation

02/03/2011

Legal form

Private limited company

Registered office

Moorseelsesteenweg 97
8800 Roeselare · FlandreSee on map

Contributed capital

112 500,00 €

Latest accounts

30/06/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate

Signals

Positive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	72,1 k €	+15.5%	62,4 k €	+53.8%	40,6 k €	-0.9%	41 k €	-1.7%	41,7 k €	+6.2%	39,2 k €	-4.2%	41 k €	-3.6%	42,5 k €	-11.7%	48,1 k €	+19.3%	40,3 k €	+23.3%	32,7 k €	-1.9%	33,4 k €	+2.3%	32,6 k €	+81.2%	18 k €
EBITDA	64,5 k €	+15.2%	56 k €	+57.4%	35,6 k €	+7.2%	33,2 k €	-8.9%	36,4 k €	+5.3%	34,6 k €	-3.3%	35,8 k €	-6.3%	38,2 k €	-12.9%	43,8 k €	+22.7%	35,7 k €	+26.4%	28,3 k €	-2.5%	29 k €	+2.5%	28,3 k €	+68.0%	16,8 k €
Operating result	-1,3 k €	-105%	29,6 k €	+5193%	-582 €	-110%	5,8 k €	-35.8%	9,1 k €	+25.5%	7,3 k €	-34.4%	11,1 k €	-20.1%	13,9 k €	-29.0%	19,5 k €	+25.5%	15,5 k €	+53.4%	10,1 k €	-6.7%	10,9 k €	+6.9%	10,2 k €	+315%	-4,7 k €
Net result	-17,2 k €	-204%	16,5 k €	+329%	-7,2 k €	-13790%	-52 €	-102%	2,3 k €	+184%	815 €	-73.5%	3,1 k €	-57.1%	7,2 k €	-52.3%	15,1 k €	+389%	3,1 k €	+836%	-418 €	-243%	-122 €	+90.1%	-1,2 k €	+90.9%	-13,6 k €
Balance sheet
Equity	120,6 k €	-12.5%	137,9 k €	+13.6%	121,4 k €	-5.6%	128,6 k €	-0.0%	128,6 k €	+1.8%	126,3 k €	+0.6%	125,5 k €	+2.5%	122,4 k €	+6.2%	115,2 k €	+15.0%	100,2 k €	+3.2%	97,1 k €	-0.4%	97,5 k €	-0.1%	97,6 k €	-1.2%	98,9 k €
Total assets	1 M €	+77.1%	585,2 k €	-3.4%	605,6 k €	+9.9%	551,2 k €	-4.2%	575,5 k €	-3.6%	597,1 k €	+0.5%	594,3 k €	-2.5%	609,6 k €	-2.6%	625,8 k €	-1.2%	633,3 k €	+21.3%	522,2 k €	-1.7%	531,3 k €	-2.4%	544,4 k €	-0.7%	548,3 k €
Cash	12,3 k €	+2.2%	12,1 k €	-28.2%	16,8 k €	-31.5%	24,5 k €	+2.1%	24 k €	+40.8%	17 k €	-43.1%	30 k €	+22.5%	24,5 k €	+49.5%	16,4 k €	-89.2%	151,9 k €	+609%	21,4 k €	+103%	10,5 k €	+92.5%	5,5 k €	-31.8%	8 k €
Debts	912,1 k €	+105%	443,9 k €	-7.6%	480,7 k €	+14.7%	419,1 k €	-5.5%	443,4 k €	-5.1%	467,3 k €	+0.4%	465,4 k €	-3.8%	484 k €	-4.6%	507,5 k €	-4.3%	530,4 k €	+25.7%	422,1 k €	-2.7%	433,8 k €	-2.9%	446,7 k €	+0.1%	446,4 k €

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 30/06/2025 · 1 active · 3 ended

Active mandates

Olivier BUCSAN

Director

Active

Ended mandates

Olivier BUCSAN

Manager · since 02 mars 2011

Ended

Olivier BUCSAN

Administrator - manager

Ended

Olivier BUCSAN

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
A. BUCSAN & ZOON● Active	0894.051.968
BUCSAN● Active	0659.667.405

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/12/2025	09/12/2024	05/12/2023	05/12/2022	03/12/2021	21/12/2020
General meeting	05/12/2025	06/12/2024	01/12/2023	02/12/2022	03/12/2021	04/12/2020
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	05/12/2025	08/12/2025	Dutch	PDF
Abridged model	30/06/2024	06/12/2024	09/12/2024	Dutch	PDF
Abridged model	30/06/2023	01/12/2023	05/12/2023	Dutch	PDF
Abridged model	30/06/2022	02/12/2022	05/12/2022	Dutch	PDF
Abridged model	30/06/2021	03/12/2021	03/12/2021	Dutch	PDF
Abridged model	30/06/2020	04/12/2020	21/12/2020	Dutch	PDF
Abridged model	30/06/2019	06/12/2019	09/12/2019	Dutch	PDF
Abridged model	30/06/2018	07/12/2018	19/12/2018	Dutch	PDF
Abridged model	30/06/2017	01/12/2017	28/12/2017	Dutch	PDF
Abridged model	30/06/2016	02/12/2016	07/12/2016	Dutch	PDF
Abridged model	30/06/2015	04/12/2015	07/12/2015	Dutch	PDF
Abridged model	30/06/2014	05/12/2014	17/12/2014	Dutch	PDF
Abridged model	30/06/2013	06/12/2013	23/12/2013	Dutch	PDF
Abridged model	30/06/2012	07/12/2012	17/12/2012	Dutch	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 30/06/2025 · 1 active · 3 ended

Active mandates

Olivier BUCSAN

Director

Active

Ended mandates

Olivier BUCSAN

Manager · since 02 mars 2011

Ended

Olivier BUCSAN

Administrator - manager

Ended

Olivier BUCSAN

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/10/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other04/03/2011
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

2025
Annual accounts 2025-17,2 k €↓
2024
Annual accounts 202416,5 k €↑
2023
Annual accounts 2023-7,2 k €↓
2022
Annual accounts 2022-52 €↓
2021
Annual accounts 20212,3 k €↑
2020
Annual accounts 2020815 €↓
2019
Annual accounts 20193,1 k €↓
2018
Annual accounts 20187,2 k €↓
2017
Annual accounts 201715,1 k €↑
2016
Annual accounts 20163,1 k €↑
2015
Annual accounts 2015-418 €↓
2014
Annual accounts 2014-122 €↑
2013
Annual accounts 2013-1,2 k €↑
2012
Annual accounts 2012-13,6 k €
02/03/2011
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

BELVIER

Overview

What does BELVIER do?

Trend over 14 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