ACTIVE

BELVISION

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Financial year 2025 · closed on 31/12/2025
Net result
15,8 k €
-92.7% YoY
Revenue
9,8 M €
+172.7% YoY
Equity
908,7 k €
+1.8% YoY

What does BELVISION do?

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· main60200Television programming and broadcasting activities59111Motion picture, video and television programme production activities59111Motion picture, video and television programme production activities59112Motion picture, video and television programme production activities59112Motion picture, video and television programme production activities+4
Signals
ProfitablePositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Revenue9,8 M €3,6 M €5,9 M €4,7 M €3,1 M €
EBITDA215,8 k €281,9 k €1,7 k €212,6 k €62,4 k €
Operating result169,1 k €281,9 k €1,7 k €211,7 k €60,9 k €
Net result15,8 k €216,6 k €-104,6 k €140,6 k €-17,3 k €
Balance sheet
Equity908,7 k €892,9 k €676,3 k €780,9 k €640,3 k €
Total assets11,2 M €10 M €6 M €9,4 M €9,6 M €
Cash62,8 k €40,4 k €62,1 k €30,9 k €52,1 k €
Debts10,3 M €9,1 M €5,2 M €8,6 M €8,9 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 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
At this address

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0642.867.104
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0887.332.541
EDITIONS DUPUIS● Active
0429.160.563
Magic Loom● Bankrupt
0772.899.166
Media Services Belgique● Active
0430.295.067
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/07/202603/07/202504/07/202413/07/202305/07/202205/07/2021
General meeting18/06/202616/06/202517/06/202412/06/202313/06/202217/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202518/06/202608/07/2026FrenchPDF
Full model31/12/202416/06/202503/07/2025FrenchPDF
Full model31/12/202317/06/202404/07/2024FrenchPDF
Full model31/12/202212/06/202313/07/2023FrenchPDF
Full model31/12/202113/06/202205/07/2022FrenchPDF
Full model31/12/202017/05/202105/07/2021FrenchPDF
Full model31/12/201915/05/202030/07/2020FrenchPDF
Full model31/12/201817/05/201926/06/2019FrenchPDF
Full model31/12/201718/05/201802/07/2018FrenchPDF
Full model31/12/201619/05/201728/06/2017FrenchPDF
Full model31/12/201519/05/201627/06/2016FrenchPDF
Full model31/12/201415/05/201516/06/2015FrenchPDF
Full model31/12/201316/05/201425/06/2014FrenchPDF
Full model31/12/201217/05/201317/06/2013FrenchPDF
Full model31/12/201118/05/201214/06/2012FrenchPDF
Full model31/12/201020/05/201127/06/2011FrenchPDF
Full model31/12/200921/05/201006/07/2010FrenchPDF
Full model31/12/200815/05/200925/06/2009FrenchPDF
Full model31/12/200707/05/200823/06/2008FrenchPDF
Full model31/12/200602/05/200725/06/2007FrenchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 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
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • 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

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

Timeline

  1. 2025
    Annual accounts 202515,8 k €↓
  2. 2024
    Annual accounts 2024216,6 k €↑
  3. 2023
    Annual accounts 2023-104,6 k €↓
  4. 2022
    Annual accounts 2022140,6 k €↑
  5. 2021
    Annual accounts 2021-17,3 k €
  6. 08/08/2003
    IncorporationPublic limited company