ACTIVE

BELENUS

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Financial year 2025 · closed on 31/12/2025

Net result

-42,7 k €

-27.1% YoY

Gross margin

320 k €

-37.5% YoY

Equity

3,9 M €

-1.1% YoY

What does BELENUS do?

BELENUS is a Private limited company incorporated in 2003. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0859.663.389

Incorporation

16/07/2003

Legal form

Private limited company

Registered office

Frankrijklei 127 box 4
2000 Antwerpen · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

Solid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	320 k €	-37.5%	512 k €	+6.7%	480,1 k €	-27.6%	663,3 k €	-20.0%	829,3 k €	+14.4%	724,9 k €	+2.7%	705,8 k €	+35.6%	520,6 k €	-1.2%	526,8 k €	+1.5%	519,1 k €	+88.1%	276 k €	-2.4%	282,9 k €	-30.3%	405,8 k €	+34.8%	301 k €	+11.1%	271,1 k €	-8.4%	295,8 k €	+10.0%	269 k €	+17.9%	228,2 k €
EBITDA	227,6 k €	-45.6%	418 k €	+5.7%	395,5 k €	-32.9%	589,4 k €	-16.5%	705,6 k €	+23.7%	570,4 k €	-11.5%	644,4 k €	+53.4%	420,2 k €	-10.9%	471,6 k €	+6.0%	444,9 k €	+244%	129,4 k €	-53.6%	279,1 k €	-30.9%	404,3 k €	+35.1%	299,2 k €	+12.9%	265,1 k €	-8.7%	290,2 k €	+8.6%	267,2 k €	+18.6%	225,4 k €
Operating result	-76,7 k €	-168%	112,4 k €	+12.1%	100,3 k €	-67.0%	304,1 k €	-13.2%	350,3 k €	+122%	158 k €	-64.2%	441,7 k €	+148%	178,1 k €	-34.3%	271 k €	+5980%	-4,6 k €	+40.5%	-7,7 k €	-104%	178,6 k €	-42.5%	310,7 k €	+51.2%	205,5 k €	+19.9%	171,4 k €	-12.6%	196,1 k €	+13.3%	173,1 k €	+166%	65,1 k €
Net result	-42,7 k €	-27.1%	-33,6 k €	-120%	164,7 k €	-37.3%	262,5 k €	-63.8%	724,7 k €	-45.9%	1,3 M €	+39.7%	959,4 k €	+390%	196 k €	+35.2%	144,9 k €	+252%	-95,1 k €	-215%	82,5 k €	+79.5%	46 k €	-62.8%	123,6 k €	+98.4%	62,3 k €	+263%	17,1 k €	-60.6%	43,5 k €	-14.4%	50,8 k €	+224%	15,7 k €
Balance sheet
Equity	3,9 M €	-1.1%	3,9 M €	-0.8%	4 M €	+4.3%	3,8 M €	+7.4%	3,6 M €	+25.6%	2,8 M €	+90.1%	1,5 M €	+181%	529 k €	+58.8%	333 k €	+77.0%	188,1 k €	-33.6%	283,2 k €	+13.0%	250,7 k €	+4.6%	239,7 k €	+131%	103,7 k €	+150%	41,4 k €	+70.6%	24,3 k €	-60.0%	60,8 k €	+513%	9,9 k €
Total assets	8,3 M €	-3.9%	8,7 M €	-3.0%	8,9 M €	-6.2%	9,5 M €	-2.6%	9,8 M €	+6.9%	9,2 M €	+35.1%	6,8 M €	+3.4%	6,6 M €	+9.5%	6 M €	-2.4%	6,1 M €	+59.3%	3,8 M €	+63.0%	2,4 M €	-4.6%	2,5 M €	-2.0%	2,5 M €	-1.3%	2,6 M €	-4.4%	2,7 M €	-3.2%	2,8 M €	+46.8%	1,9 M €
Cash	148,4 k €	+158%	57,4 k €	-60.6%	145,8 k €	+37.0%	106,4 k €	-78.9%	504,3 k €	-30.7%	727,9 k €	+17.3%	620,7 k €	+3736%	16,2 k €	-82.6%	92,9 k €	-49.7%	184,9 k €	+285%	48 k €	+113%	22,5 k €	-87.9%	186,8 k €	+190%	64,4 k €	-4.9%	67,7 k €	+148%	27,2 k €	-75.3%	110,4 k €		–
Debts	4,4 M €	-6.2%	4,7 M €	-4.6%	5 M €	-12.2%	5,7 M €	-8.8%	6,2 M €	-1.3%	6,3 M €	+25.9%	5 M €	-13.9%	5,8 M €	+4.0%	5,6 M €	-4.4%	5,8 M €	+66.8%	3,5 M €	+66.6%	2,1 M €	-5.2%	2,2 M €	-7.2%	2,4 M €	-3.3%	2,5 M €	-4.6%	2,6 M €	-0.9%	2,6 M €	+46.7%	1,8 M €
Other
Workforce	–		–		–		–		–		–		0,5 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 · 1 active · 3 ended

Active mandates

Benjamin Ruyters

Manager · since 14 mars 2003

Active

Ended mandates

Benjamin Ruyters

Director · since 14 mars 2003

Ended

benjamin ruyters

Administrator - manager

Ended

Benjamin Ruyters

Manager

Ended

At this address

Other companies at this address

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Benjamin Elena Emile● Active	0811.009.080
CS LIVING● Active	1035.115.704
SCHOONHEIDSSCHOOL-CENTRUM VOOR AVONDONDERWIJS● Active	0892.908.160

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	31/08/2026	21/08/2025	13/08/2024	09/10/2023	30/08/2022	06/07/2021
General meeting	30/05/2026	31/05/2025	31/05/2024	30/06/2023	30/06/2022	30/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/05/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	31/05/2025	21/08/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	13/08/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	09/10/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	06/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	23/07/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	23/07/2019	Dutch	PDF
Abridged model	31/12/2017	31/05/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	31/05/2017	25/07/2017	Dutch	PDF
Abridged model	31/12/2015	31/05/2016	05/10/2016	Dutch	PDF
Abridged model	31/12/2014	31/05/2015	22/06/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	28/07/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	21/10/2013	Dutch	PDF
Abridged model	31/12/2011	31/05/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	30/09/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/05/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	28/08/2007	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 31/12/2025 · 1 active · 3 ended

Active mandates

Benjamin Ruyters

Manager · since 14 mars 2003

Active

Ended mandates

Benjamin Ruyters

Director · since 14 mars 2003

Ended

benjamin ruyters

Administrator - manager

Ended

Benjamin Ruyters

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other19/07/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Registered office19/06/2012
MAATSCHAPPELIJKE ZETEL
PDF
Registered office03/11/2011
MAATSCHAPPELIJKE ZETEL
PDF
Other24/07/2003
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 2025-42,7 k €↓
2024
Annual accounts 2024-33,6 k €↓
2023
Annual accounts 2023164,7 k €↓
2022
Annual accounts 2022262,5 k €↓
2021
Annual accounts 2021724,7 k €↓
2020
Annual accounts 20201,3 M €↑
2019
Annual accounts 2019959,4 k €↑
2018
Annual accounts 2018196 k €↑
2017
Annual accounts 2017144,9 k €↑
2016
Annual accounts 2016-95,1 k €↓
2015
Annual accounts 201582,5 k €↑
2014
Annual accounts 201446 k €↓
2013
Annual accounts 2013123,6 k €↑
2012
Annual accounts 201262,3 k €↑
2011
Annual accounts 201117,1 k €↓
2010
Annual accounts 201043,5 k €↓
2009
Annual accounts 200950,8 k €↑
2008
Annual accounts 200815,7 k €
16/07/2003
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

BELENUS

Overview

What does BELENUS do?

Trend over 18 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