ACTIVE

BELYSSE

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Financial year 2025 · closed on 31/12/2025
Net result
-255,9 k €
+97.7% YoY
Revenue
5,4 M €
-11.5% YoY
Equity
64 M €
-0.4% YoY
Workforce
4,2 ETP
-12.5% YoY

What does BELYSSE do?

BELYSSE is a Public limited company incorporated in 2004. Its main activity is: Activities of head offices. Its registered office is in Waregem. It employs on average 4,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0865.751.823
Incorporation
14/06/2004
Legal form
Public limited company
Registered office
Franklin Rooseveltlaan 172-174
8790 Waregem · FlandreSee on map
Contributed capital
160 533 574,66 €
Latest accounts
31/12/2025
Average workforce
4,2 ETP
Activities (NACE)
70100Activities of head offices· main70100Activities of head offices
Joint committees (3)
  • 200
  • 214
  • 218
Signals
Solid equityGood liquidityPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222020201920182017201620152014201320122011201020092008
Income statement
Revenue5,4 M €6,1 M €9,7 M €7 M €17,9 M €15,3 M €4,9 M €7,4 M €7,1 M €7,8 M €6,7 M €6,7 M €3,1 M €––––
EBITDA95,3 k €608,5 k €-4 M €-1,5 M €-2,1 M €591 k €-150 k €-1,5 M €155,8 k €480,4 k €690,5 k €1,2 M €-2 M €-4 M €-3,3 k €-764 k €-4,4 k €
Operating result79,5 k €594,2 k €-4,2 M €-1,5 M €-2,1 M €585,8 k €-166,1 k €-1,6 M €125,8 k €439,3 k €648,6 k €1,2 M €-2 M €-4 M €-3,3 k €-764 k €-4,4 k €
Net result-255,9 k €-11,1 M €10,1 M €-77,5 M €-8,1 M €184,1 M €7,9 M €-14,1 M €-1,8 M €-16,7 M €138,1 M €-51,4 M €-24,9 M €-36,4 M €-18,9 M €-21,1 M €9,9 M €
Balance sheet
Equity64 M €64,3 M €75,4 M €65,3 M €337,1 M €353,1 M €457,9 M €466,5 M €249,8 M €1,6 M €18,3 M €-119,9 M €-68,5 M €-43,5 M €-7,2 M €11,7 M €32,8 M €
Total assets207,6 M €213,3 M €239,6 M €234,5 M €800,7 M €771,3 M €647,1 M €694,8 M €608,7 M €563,7 M €584,3 M €556,5 M €579,4 M €509,5 M €580,9 M €601,6 M €636,6 M €
Cash7,6 M €5,5 M €28,4 M €23,8 M €78,6 M €11,7 M €11,9 M €29,4 M €43,2 M €41,8 M €59,2 M €37 M €27,6 M €383,3 k €230,5 k €180,9 k €161,2 k €
Debts139 M €144,4 M €158,2 M €161 M €457,5 M €416,3 M €188,5 M €228,3 M €357,7 M €555,6 M €559,7 M €670,3 M €647,8 M €553 M €588,1 M €589,9 M €603,8 M €
Other
Workforce4,2 ETP4,8 ETP33,3 ETP30,2 ETP62,4 ETP33,2 ETP12,0 ETP12,5 ETP13,6 ETP17,0 ETP18,8 ETP20,5 ETP10,7 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 · 3 active · 57 ended

Active mandates

Certo Certius

Director · since 22 mai 2026 · until 22 juin 2029 · 0666.651.603

Represented by Hannes D'Hoop

Active
EQIDNA

Director · since 02 décembre 2022 · until 22 juin 2029 · 0695.547.705

Represented by James Neuling

Active
ANMIRU

Director · since 09 juin 2022 · until 22 mai 2026 · 0627.665.719

Represented by Andy Rogiest

Active

Ended mandates

EQIDNA

Director · since 02 décembre 2022 · until 27 juin 2025 · 0695.547.705

Represented by James Neuling

Ended
ANMIRU

Director · since 09 juin 2022 · until 27 juin 2025 · 0627.665.719

Represented by Andy Rogiest

Ended
Cyrille Ragoucy

Managing director · since 01 octobre 2021 · until 29 février 2024

Ended
Cyrille RAGOUCY

Managing director · since 11 septembre 2019 · until 29 février 2024

Ended
At this address

Other companies at this address

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0671.974.626
BELYSSE-GROUP● Active
0551.836.958
ICOCOM● Active
0845.305.510
IPLAST HOLDING● Active
0442.451.246
TCS Consult● Active
0808.031.774
Annual accounts

Full financial information

202520242023202220222020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/04/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/03/202231/12/2020
Length of the financial year12 months12 months12 months9 months15 months12 months
Filing date14/07/202608/07/202501/07/202428/06/202314/10/202212/07/2021
General meeting26/06/202627/06/202528/06/202423/06/202330/09/202225/06/2021
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

24 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202526/06/202614/07/2026DutchPDF
Full model31/12/202427/06/202508/07/2025DutchPDF
Full model31/12/202328/06/202401/07/2024DutchPDF
Full model31/12/202223/06/202328/06/2023DutchPDF
Full model31/03/202230/09/202214/10/2022DutchPDF
Full model31/12/202025/06/202112/07/2021DutchPDF
Full model31/12/201926/06/202008/07/2020DutchPDF
Full model31/12/201828/06/201908/07/2019DutchPDF
Full model31/12/201722/06/201827/06/2018DutchPDF
Full model31/12/201623/06/201724/08/2017DutchPDF
Consolidated accounts31/12/201627/04/201730/06/2017DutchPDF
Full model31/12/201524/06/201601/07/2016DutchPDF
Consolidated accounts31/12/201526/04/201605/07/2016DutchPDF
Full model31/12/201426/06/201523/07/2015DutchPDF
Consolidated accounts31/12/201415/04/201529/09/2015DutchPDF
Full model31/12/201327/06/201417/07/2014DutchPDF
Consolidated accounts31/12/201302/04/201419/12/2014DutchPDF
Full model31/12/201228/06/201315/07/2013DutchPDF
Full model31/12/201122/06/201227/06/2012DutchPDF
Full model31/12/201002/05/201131/05/2011DutchPDF
Full model31/12/200930/04/201027/05/2010DutchPDF
Full model31/12/200830/04/200924/06/2009DutchPDF
Full model31/12/200729/04/200817/06/2008DutchPDF
Full model31/12/200630/04/200731/05/2007DutchPDF
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 · 3 active · 57 ended

Active mandates

Certo Certius

Director · since 22 mai 2026 · until 22 juin 2029 · 0666.651.603

Represented by Hannes D'Hoop

Active
EQIDNA

Director · since 02 décembre 2022 · until 22 juin 2029 · 0695.547.705

Represented by James Neuling

Active
ANMIRU

Director · since 09 juin 2022 · until 22 mai 2026 · 0627.665.719

Represented by Andy Rogiest

Active

Ended mandates

EQIDNA

Director · since 02 décembre 2022 · until 27 juin 2025 · 0695.547.705

Represented by James Neuling

Ended
ANMIRU

Director · since 09 juin 2022 · until 27 juin 2025 · 0627.665.719

Represented by Andy Rogiest

Ended
Cyrille Ragoucy

Managing director · since 01 octobre 2021 · until 29 février 2024

Ended
Cyrille RAGOUCY

Managing director · since 11 septembre 2019 · until 29 février 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates01/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/01/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/01/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other30/09/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates29/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/06/2022
    ONTSLAGEN - BENOEMINGEN
    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. 19/05/2026
    nominationCERTO CERTIUS — bijkomend bestuurder
  2. 19/05/2026
    nominationD'HOOP Hannes Stefaan Leon — vaste vertegenwoordiger
  3. 2025
    Annual accounts 2025-255,9 k €↑
  4. 27/06/2025
    reconductionPWC Bedrijfsrevisoren BCVBA — commissaris
  5. 2024
    Annual accounts 2024-11,1 M €↓
  6. 01/03/2024
    nominationNEULING Andrew James — dagelijks bestuur
  7. 2023
    Annual accounts 202310,1 M €↑
  8. 2022
    Annual accounts 2022-77,5 M €↓
  9. 06/12/2022
    nominationEQIDNA BV — bestuurder
  10. 30/09/2022
    reconductionPWC Bedrijfsrevisoren BCVBA — commissaris
  11. 09/06/2022
    nominationANMIRU BV — bestuurder
  12. 2022
    Name changeBelysse
  13. 2020
    Annual accounts 2020-8,1 M €↓
  14. 2019
    Annual accounts 2019184,1 M €↑
  15. 2018
    Annual accounts 20187,9 M €↑
  16. 26/08/2018
    revocationRAGOUCY Cyrille Marie Patrick — dagelijks bestuurder
  17. 2017
    Annual accounts 2017-14,1 M €↓
  18. 2016
    Annual accounts 2016-1,8 M €↑
  19. 2015
    Annual accounts 2015-16,7 M €↓
  20. 2014
    Annual accounts 2014138,1 M €↑
  21. 2013
    Annual accounts 2013-51,4 M €↓
  22. 2012
    Annual accounts 2012-24,9 M €↑
  23. 2011
    Annual accounts 2011-36,4 M €↓
  24. 2011
    Name changeBALTA
  25. 2010
    Annual accounts 2010-18,9 M €↑
  26. 2009
    Annual accounts 2009-21,1 M €↓
  27. 2008
    Annual accounts 20089,9 M €
  28. 2008
    Name changeBALTA HOLDINGS
  29. 14/06/2004
    IncorporationPublic limited company