ACTIVE

BELVISION

Financial year 2025 · Closed on 31/12/2025

Net result15,8 k €-92,7 %over 1 year

Revenue9,8 M €+172,7 %over 1 year

Equity908,7 k €+1,8 %over 1 year

Identity

Source · BCE/KBO

BELVISION is a Public limited company incorporated in 2003. Its main activity is: Television programming and broadcasting activities. Its registered office is in Charleroi.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0860.014.866
Incorporation: 08/08/2003
Legal form: Public limited company
Registered office: Rue Destrée 52
6001 Charleroi · WallonieSee on map
Contributed capital: 728 600,00 €
Latest accounts: 31/12/2025

Activities (NACE)

60200Television programming and broadcasting activities· main 60200Television programming and broadcasting activities 59111Motion picture, video and television programme production activities 59111Motion picture, video and television programme production activities 59112Motion picture, video and television programme production activities 59112Motion picture, video and television programme production activities+4

Signals

ProfitablePositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 20 filings

Trend over 5 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	9,8 M €	+173%	3,6 M €	-38.7%	5,9 M €	+24.7%	4,7 M €	+53.8%	3,1 M €
EBITDA	215,8 k €	-23.5%	281,9 k €	+16326%	1,7 k €	-99.2%	212,6 k €	+241%	62,4 k €
Operating result	169,1 k €	-40.0%	281,9 k €	+16326%	1,7 k €	-99.2%	211,7 k €	+248%	60,9 k €
Net result	15,8 k €	-92.7%	216,6 k €	+307%	-104,6 k €	-174%	140,6 k €	+915%	-17,3 k €
Balance sheet
Equity	908,7 k €	+1.8%	892,9 k €	+32.0%	676,3 k €	-13.4%	780,9 k €	+22.0%	640,3 k €
Total assets	11,2 M €	+11.6%	10 M €	+67.9%	6 M €	-36.5%	9,4 M €	-2.0%	9,6 M €
Cash	62,8 k €	+55.3%	40,4 k €	-34.9%	62,1 k €	+101%	30,9 k €	-40.7%	52,1 k €
Debts	10,3 M €	+12.4%	9,1 M €	+75.6%	5,2 M €	-39.7%	8,6 M €	-3.6%	8,9 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 5 ended

Active mandates

Claude de Saint Vincent

Chairman of the board of directors · since 12 juin 2023 · until 06 mai 2026

Active

Raphaële Ingberg

Managing director · since 17 mai 2019 · until 03 mai 2028

Active

Julien Papelier

Managing director · since 14 novembre 2016 · until 03 mai 2028

Active

Ended mandates

PAULETTE SMETS

Director · since 17 mai 2021 · until 01 mai 2024

Ended

Claude de Saint Vincent

Chairman of the board of directors · since 15 mai 2020 · until 12 juin 2023

Ended

Claude de SAINT VINCENT

Chairman of the board of directors · since 15 mai 2020 · until 03 mai 2023

Ended

Raphaële Ingberg

Managing director · since 17 mai 2019 · until 13 juin 2022

Ended

Other companies at this address

Rue Destrée 52 6001 Charleroi

Company	CBE no.
Belgian Heroes● Active	0642.867.104
DREAMWALL● Active	0887.332.541
EDITIONS DUPUIS● Active	0429.160.563
Magic Loom● Bankrupt	0772.899.166
Media Services Belgique● Active	0430.295.067

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	08/07/2026	03/07/2025	04/07/2024	13/07/2023	05/07/2022	05/07/2021
General meeting	18/06/2026	16/06/2025	17/06/2024	12/06/2023	13/06/2022	17/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	18/06/2026	08/07/2026	French	PDF
Full model	31/12/2024	16/06/2025	03/07/2025	French	PDF
Full model	31/12/2023	17/06/2024	04/07/2024	French	PDF
Full model	31/12/2022	12/06/2023	13/07/2023	French	PDF
Full model	31/12/2021	13/06/2022	05/07/2022	French	PDF
Full model	31/12/2020	17/05/2021	05/07/2021	French	PDF
Full model	31/12/2019	15/05/2020	30/07/2020	French	PDF
Full model	31/12/2018	17/05/2019	26/06/2019	French	PDF
Full model	31/12/2017	18/05/2018	02/07/2018	French	PDF
Full model	31/12/2016	19/05/2017	28/06/2017	French	PDF
Full model	31/12/2015	19/05/2016	27/06/2016	French	PDF
Full model	31/12/2014	15/05/2015	16/06/2015	French	PDF
Full model	31/12/2013	16/05/2014	25/06/2014	French	PDF
Full model	31/12/2012	17/05/2013	17/06/2013	French	PDF
Full model	31/12/2011	18/05/2012	14/06/2012	French	PDF
Full model	31/12/2010	20/05/2011	27/06/2011	French	PDF
Full model	31/12/2009	21/05/2010	06/07/2010	French	PDF
Full model	31/12/2008	15/05/2009	25/06/2009	French	PDF
Full model	31/12/2007	07/05/2008	23/06/2008	French	PDF
Full model	31/12/2006	02/05/2007	25/06/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 5 ended

Active mandates

Claude de Saint Vincent

Chairman of the board of directors · since 12 juin 2023 · until 06 mai 2026

Active

Raphaële Ingberg

Managing director · since 17 mai 2019 · until 03 mai 2028

Active

Julien Papelier

Managing director · since 14 novembre 2016 · until 03 mai 2028

Active

Ended mandates

PAULETTE SMETS

Director · since 17 mai 2021 · until 01 mai 2024

Ended

Claude de Saint Vincent

Chairman of the board of directors · since 15 mai 2020 · until 12 juin 2023

Ended

Claude de SAINT VINCENT

Chairman of the board of directors · since 15 mai 2020 · until 03 mai 2023

Ended

Raphaële Ingberg

Managing director · since 17 mai 2019 · until 13 juin 2022

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates29/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates13/12/2023
DEMISSIONS, NOMINATIONS
PDF
Other04/07/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates16/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates08/09/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates09/11/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates15/09/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates18/07/2019
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 202515,8 k €↓
2024
Annual accounts 2024216,6 k €↑
2023
Annual accounts 2023-104,6 k €↓
2022
Annual accounts 2022140,6 k €↑
2021
Annual accounts 2021-17,3 k €
08/08/2003
IncorporationPublic limited company

BELVISION

Overview

Identity

Financials

Valuation

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

Timeline