ACTIVE

BELMAT

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Financial year 2025 · closed on 31/12/2025

Net result

40,5 k €

+43.2% YoY

Gross margin

440,1 k €

-2.9% YoY

Equity

1,1 M €

+4.0% YoY

Workforce

6,0 ETP

-9.1% YoY

What does BELMAT do?

BELMAT is a Private limited company incorporated in 2011. Its registered office is in Antwerpen. It employs on average 6,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0836.209.086

Incorporation

12/05/2011

Legal form

Private limited company

Registered office

Middelmolenlaan 170
2100 Antwerpen · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

6,0 ETP

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	440,1 k €	-2.9%	453,4 k €	+9.1%	415,7 k €	+2.7%	404,7 k €	+6.8%	379 k €	-15.2%	446,7 k €	+17.9%	379 k €	+15.6%	327,9 k €	+16.1%	282,5 k €	-12.9%	324,3 k €	+34.1%	241,8 k €	+20.6%	200,5 k €	-54.0%	435,5 k €	+166%	163,6 k €	+11.9%	146,2 k €
EBITDA	235,8 k €	+4.9%	224,7 k €	+14.3%	196,6 k €	-4.2%	205,2 k €	+8.3%	189,4 k €	-38.4%	307,3 k €	+32.9%	231,2 k €	+20.8%	191,5 k €	+10.9%	172,6 k €	-18.4%	211,7 k €	+47.9%	143,1 k €	+16.1%	123,3 k €	-60.4%	311,7 k €	+176%	113,1 k €	-22.5%	145,9 k €
Operating result	95,3 k €	+13.5%	84 k €	+25.2%	67,1 k €	-15.1%	79 k €	+89.8%	41,6 k €	-76.1%	174 k €	+118%	79,7 k €	+59.4%	50 k €	+0.3%	49,9 k €	-21.0%	63,1 k €	-4.1%	65,8 k €	-9.5%	72,7 k €	-72.5%	264,9 k €	+136%	112 k €	-23.1%	145,7 k €
Net result	40,5 k €	+43.2%	28,3 k €	+13.5%	24,9 k €	-31.2%	36,2 k €	+552%	5,6 k €	-95.2%	114,8 k €	+240%	33,8 k €	+173%	12,4 k €	+8.1%	11,4 k €	-23.5%	15 k €	-53.9%	32,5 k €	-92.0%	404 k €	+73.0%	233,6 k €	+431%	44 k €	-66.0%	129,3 k €
Balance sheet
Equity	1,1 M €	+4.0%	1 M €	+2.8%	992 k €	+2.6%	967,1 k €	+3.9%	930,9 k €	+0.6%	925,4 k €	+14.2%	810,5 k €	+4.4%	776,7 k €	+1.6%	764,3 k €	+1.5%	752,9 k €	+2.0%	738 k €	+5.5%	699,3 k €	+137%	295,3 k €	+379%	61,7 k €	+184%	21,7 k €
Total assets	2,8 M €	+0.4%	2,8 M €	+4.3%	2,7 M €	+9.0%	2,4 M €	-1.7%	2,5 M €	+3.1%	2,4 M €	-8.0%	2,6 M €	+2.0%	2,6 M €	+2.1%	2,5 M €	-6.1%	2,7 M €	+73.8%	1,5 M €	+16.0%	1,3 M €	+19.7%	1,1 M €	+158%	429 k €	-13.9%	498,4 k €
Cash	142,2 k €	-17.6%	172,7 k €	+9.7%	157,5 k €	+39.1%	113,3 k €	-4.9%	119,1 k €	-73.9%	455,6 k €	+523%	73,1 k €	-25.6%	98,2 k €	+0.1%	98,2 k €	+69.5%	57,9 k €	+31718%	182 €	-99.7%	65,1 k €	+61.4%	40,3 k €	+714%	5 k €	+369%	1,1 k €
Debts	1,7 M €	-1.6%	1,8 M €	+5.1%	1,7 M €	+13.3%	1,5 M €	-5.0%	1,5 M €	+4.7%	1,5 M €	-17.9%	1,8 M €	+1.0%	1,8 M €	+2.3%	1,7 M €	-9.0%	1,9 M €	+140%	798,1 k €	+27.8%	624,6 k €	-23.0%	811 k €	+121%	367,3 k €	-22.9%	476,7 k €
Other
Workforce	6,0 ETP	-9.1%	6,6 ETP	-2.9%	6,8 ETP	+19.3%	5,7 ETP	-14.9%	6,7 ETP	+9.8%	6,1 ETP	+1.7%	6,0 ETP	0.0%	6,0 ETP	+9.1%	5,5 ETP	+10.0%	5,0 ETP	-7.4%	5,4 ETP	+86.2%	2,9 ETP	-12.1%	3,3 ETP	+136%	1,4 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

Izzet Yildirim

Director

Active

Suleyman Yildirim

Director

Active

Ended mandates

Izzet Yildirim

Manager

Ended

Suleyman Yildirim

Administrator - manager

Ended

Süleyman Yildirim

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
BELMARK● Active	0671.786.564

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	12/06/2026	25/05/2025	22/07/2024	13/06/2023	26/07/2022	22/06/2021
General meeting	15/05/2026	16/05/2025	25/06/2024	19/05/2023	27/06/2022	28/05/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/05/2026	12/06/2026	Dutch	PDF
Abridged model	31/12/2024	16/05/2025	25/05/2025	Dutch	PDF
Abridged model	31/12/2023	25/06/2024	22/07/2024	Dutch	PDF
Abridged model	31/12/2022	19/05/2023	13/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/06/2022	26/07/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	22/06/2021	Dutch	PDF
Abridged model	31/12/2019	19/06/2020	13/07/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	05/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	25/07/2018	Dutch	PDF
Abridged model	31/12/2016	23/06/2017	20/07/2017	Dutch	PDF
Abridged model	30/09/2015	04/03/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	29/11/2014	10/03/2015	Dutch	PDF
Abridged model	31/12/2013	16/05/2014	18/07/2014	Dutch	PDF
Abridged model	31/12/2012	17/05/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	18/05/2012	29/07/2012	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 3 ended

Active mandates

Izzet Yildirim

Director

Active

Suleyman Yildirim

Director

Active

Ended mandates

Izzet Yildirim

Manager

Ended

Suleyman Yildirim

Administrator - manager

Ended

Süleyman Yildirim

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/04/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office13/08/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates29/01/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other26/07/2016
ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other06/10/2014
BENAMING - BOEKJAAR
PDF
Registered office06/02/2014
MAATSCHAPPELIJKE ZETEL
PDF
Other24/05/2011
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 202540,5 k €↑
2024
Annual accounts 202428,3 k €↑
2023
Annual accounts 202324,9 k €↓
2022
Annual accounts 202236,2 k €↑
2021
Annual accounts 20215,6 k €↓
2020
Annual accounts 2020114,8 k €↑
2019
Annual accounts 201933,8 k €↑
2018
Annual accounts 201812,4 k €↑
2017
Annual accounts 201711,4 k €↓
2016
Annual accounts 201615 k €↓
2015
Annual accounts 201532,5 k €↓
2014
Annual accounts 2014404 k €↑
2013
Annual accounts 2013233,6 k €↑
2012
Annual accounts 201244 k €↓
2011
Annual accounts 2011129,3 k €
12/05/2011
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

BELMAT

Overview

What does BELMAT 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