ACTIVE

BELYSSE

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Financial year 2025 · Closed on 31/12/2025

Net result-255,9 k €+97,7 %over 1 year

Revenue5,4 M €-11,5 %over 1 year

Equity64 M €-0,4 %over 1 year

Workforce4,2 ETP-12,5 %over 1 year

Identity

Source · BCE/KBO

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· main 70100Activities of head offices

Joint committees (3)

Signals

Solid equityGood liquidityPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 24 filings

Trend over 17 financial years

	2025		2024		2023		2022		2020
Income statement
Revenue	5,4 M €	-11.5%	6,1 M €	-37.4%	9,7 M €	+39.0%	7 M €	-60.9%	17,9 M €
EBITDA	95,3 k €	-84.3%	608,5 k €	+115%	-4 M €	-169%	-1,5 M €	+29.1%	-2,1 M €
Operating result	79,5 k €	-86.6%	594,2 k €	+114%	-4,2 M €	-178%	-1,5 M €	+28.1%	-2,1 M €
Net result	-255,9 k €	+97.7%	-11,1 M €	-210%	10,1 M €	+113%	-77,5 M €	-852%	-8,1 M €
Balance sheet
Equity	64 M €	-0.4%	64,3 M €	-14.7%	75,4 M €	+15.5%	65,3 M €	-80.6%	337,1 M €
Total assets	207,6 M €	-2.7%	213,3 M €	-11.0%	239,6 M €	+2.2%	234,5 M €	-70.7%	800,7 M €
Cash	7,6 M €	+39.0%	5,5 M €	-80.8%	28,4 M €	+19.1%	23,8 M €	-69.7%	78,6 M €
Debts	139 M €	-3.8%	144,4 M €	-8.7%	158,2 M €	-1.7%	161 M €	-64.8%	457,5 M €
Other
Workforce	4,2 ETP	-12.5%	4,8 ETP	-85.6%	33,3 ETP	+10.3%	30,2 ETP	-51.6%	62,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 22 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Certo Certius0666.651.603Represented by Hannes D'Hoop	Director22/05/2026 → 22/06/2029
EQIDNA0695.547.705Represented by James Neuling	Director02/12/2022 → 22/06/2029
ANMIRU0627.665.719Represented by Andy Rogiest	Director09/06/2022 → 22/05/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cyrille Ragoucy	Managing director11/09/2019 → 2024 accounts
Jan-Christian WERNER	Director11/09/2019 → 2020 accounts

Other companies at this address

Franklin Rooseveltlaan 172-174 8790 Waregem

Company	CBE no.
Belysse Group● Active	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

Full financial information

Source · NBB

	2025	2024	2023	2022	2022	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	01/04/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/03/2022	31/12/2020
Length of the financial year	12 months	12 months	12 months	9 months	15 months	12 months
Filing date	14/07/2026	08/07/2025	01/07/2024	28/06/2023	14/10/2022	12/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	23/06/2023	30/09/2022	25/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 24 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	14/07/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	08/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	01/07/2024	Dutch	PDF
Full model	31/12/2022	23/06/2023	28/06/2023	Dutch	PDF
Full model	31/03/2022	30/09/2022	14/10/2022	Dutch	PDF
Full model	31/12/2020	25/06/2021	12/07/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	08/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	08/07/2019	Dutch	PDF
Full model	31/12/2017	22/06/2018	27/06/2018	Dutch	PDF
Full model	31/12/2016	23/06/2017	24/08/2017	Dutch	PDF
Consolidated accounts	31/12/2016	27/04/2017	30/06/2017	Dutch	PDF
Full model	31/12/2015	24/06/2016	01/07/2016	Dutch	PDF
Consolidated accounts	31/12/2015	26/04/2016	05/07/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	23/07/2015	Dutch	PDF
Consolidated accounts	31/12/2014	15/04/2015	29/09/2015	Dutch	PDF
Full model	31/12/2013	27/06/2014	17/07/2014	Dutch	PDF
Consolidated accounts	31/12/2013	02/04/2014	19/12/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	15/07/2013	Dutch	PDF
Full model	31/12/2011	22/06/2012	27/06/2012	Dutch	PDF
Full model	31/12/2010	02/05/2011	31/05/2011	Dutch	PDF
Full model	31/12/2009	30/04/2010	27/05/2010	Dutch	PDF
Full model	31/12/2008	30/04/2009	24/06/2009	Dutch	PDF
Full model	31/12/2007	29/04/2008	17/06/2008	Dutch	PDF
Full model	31/12/2006	30/04/2007	31/05/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 22 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Certo Certius0666.651.603Represented by Hannes D'Hoop	Director22/05/2026 → 22/06/2029
EQIDNA0695.547.705Represented by James Neuling	Director02/12/2022 → 22/06/2029
ANMIRU0627.665.719Represented by Andy Rogiest	Director09/06/2022 → 22/05/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cyrille Ragoucy	Managing director11/09/2019 → 2024 accounts
Jan-Christian WERNER	Director11/09/2019 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings17 filings

Mandates

Certo Certius

EQIDNA

ANMIRU

Cyrille Ragoucy

Jan-Christian WERNER

Oliver FORBERICH

TOM GYSENS

MARC DESSEIN

VANDENDRIESSCHE CONSULTING

DIMACOR

Jeremy FRYZUK

Donald QUINTIN

Show the 13 other mandates

20042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

BELYSSEBALTABALTA HOLDINGS

Franklin Rooseveltlaan 172, 8790 Waregem

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Franklin Rooseveltlaan 172-174, 8790 WaregemCurrent		CBE
Franklin Rooseveltlaan 172, 8790 Waregem	accounts 2022 → 2025	Accounts 2025 · 2026-00300522

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BELYSSECurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00300522
BALTA	accounts 2011 → 2020	Accounts 2020 · 2021-34900291
BALTA HOLDINGS	accounts 2008 → 2010	Accounts 2010 · 2011-13700197

Events

19/05/2026
nominationCERTO CERTIUS · bijkomend bestuurder
19/05/2026
nominationD'HOOP Hannes Stefaan Leon · vaste vertegenwoordiger
2025
Annual accounts 2025-255,9 k €↑
27/06/2025
reconductionPWC Bedrijfsrevisoren BCVBA · commissaris
2024
Annual accounts 2024-11,1 M €↓
01/03/2024
nominationNEULING Andrew James · dagelijks bestuur
2023
Annual accounts 202310,1 M €↑
2022
Annual accounts 2022-77,5 M €↓
2022
Name changeBELYSSE
06/12/2022
nominationEQIDNA BV · bestuurder
30/09/2022
reconductionPWC Bedrijfsrevisoren BCVBA · commissaris
09/06/2022
nominationANMIRU BV · bestuurder
2020
Annual accounts 2020-8,1 M €↓
2019
Annual accounts 2019184,1 M €↑
2018
Annual accounts 20187,9 M €↑
26/08/2018
revocationRAGOUCY Cyrille Marie Patrick · dagelijks bestuurder
2017
Annual accounts 2017-14,1 M €↓
2016
Annual accounts 2016-1,8 M €↑
2015
Annual accounts 2015-16,7 M €↓
2014
Annual accounts 2014138,1 M €↑
2013
Annual accounts 2013-51,4 M €↓
2012
Annual accounts 2012-24,9 M €↑
2011
Annual accounts 2011-36,4 M €↓
2011
Name changeBALTA
2010
Annual accounts 2010-18,9 M €↑
2009
Annual accounts 2009-21,1 M €↓
2008
Annual accounts 20089,9 M €
14/06/2004
IncorporationPublic limited company

BELYSSE

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

Registered offices

Company names

Events