ACTIVE

BELLEFARMA

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Financial year 2024 · closed on 31/12/2024

Net result

159,5 k €

+9.4% YoY

Gross margin

236,4 k €

+9.3% YoY

Equity

1,6 M €

+10.9% YoY

What does BELLEFARMA do?

BELLEFARMA is a Private limited company incorporated in 2004. Its main activity is: Management consultancy activities. Its registered office is in Boutersem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.332.041

Incorporation

07/07/2004

Legal form

Private limited company

Registered office

Lubbeeksestraat 17
3370 Boutersem · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2024

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	236,4 k €	+9.3%	216,3 k €	-13.5%	250 k €	+49.7%	167 k €	-19.9%	208,6 k €	+10.8%	188,2 k €	+26.5%	148,8 k €	-36.1%	232,8 k €	+13.3%	205,4 k €	+2.9%	199,7 k €	+1.9%	195,9 k €	-1.3%	198,6 k €	+10.2%	180,3 k €	+82.4%	98,8 k €	+1.4%	97,5 k €	+3.7%	94 k €	-9.2%	103,4 k €	+46.2%	70,8 k €	-8.5%	77,3 k €
EBITDA	234,9 k €	+9.3%	214,9 k €	-13.6%	248,7 k €	+49.7%	166,1 k €	-19.8%	207 k €	+10.9%	186,7 k €	+26.6%	147,5 k €	-36.2%	231,2 k €	+13.5%	203,8 k €	+2.6%	198,5 k €	+1.9%	194,8 k €	-1.4%	197,5 k €	+10.3%	179 k €	+83.8%	97,4 k €	+1.4%	96,1 k €	+3.8%	92,6 k €	-9.3%	102,1 k €	+47.1%	69,4 k €	-9.6%	76,8 k €
Operating result	234,9 k €	+9.3%	214,9 k €	-13.6%	248,7 k €	+49.7%	166,1 k €	-16.8%	199,6 k €	+11.3%	179,4 k €	+28.0%	140,1 k €	-37.6%	224,6 k €	+13.9%	197,2 k €	-0.2%	197,5 k €	+2.1%	193,5 k €	-1.4%	196,2 k €	+10.1%	178,2 k €	+84.5%	96,6 k €	+1.2%	95,4 k €	+3.5%	92,2 k €	-9.3%	101,7 k €	+46.5%	69,4 k €	-9.6%	76,8 k €
Net result	159,5 k €	+9.4%	145,7 k €	-14.5%	170,4 k €	+46.9%	116 k €	-13.5%	134,1 k €	+19.9%	111,8 k €	+24.6%	89,7 k €	-32.7%	133,3 k €	+28.0%	104,2 k €	-1.8%	106,1 k €	-4.1%	110,6 k €	-8.5%	120,8 k €	+13.0%	107 k €	+105%	52,3 k €	+7.0%	48,9 k €	+6.0%	46,1 k €	+1.1%	45,6 k €	+64.9%	27,6 k €	-19.7%	34,4 k €
Balance sheet
Equity	1,6 M €	+10.9%	1,5 M €	+11.1%	1,3 M €	+14.9%	1,1 M €	+11.3%	1 M €	+15.0%	892,4 k €	+14.3%	780,6 k €	+13.0%	690,8 k €	-10.7%	773,5 k €	+15.6%	669,4 k €	+18.8%	563,3 k €	+24.4%	452,7 k €	+27.2%	355,8 k €	+43.0%	248,9 k €	+26.6%	196,6 k €	+33.1%	147,7 k €	+45.4%	101,6 k €	+78.8%	56,8 k €	-36.3%	89,2 k €
Total assets	1,9 M €	+8.7%	1,7 M €	+10.2%	1,6 M €	+12.5%	1,4 M €	+6.0%	1,3 M €	+15.0%	1,1 M €	-1.0%	1,1 M €	+3.7%	1,1 M €	+10.0%	1 M €	+9.2%	919,9 k €	+5.6%	871,4 k €	+9.6%	795,3 k €	+5.1%	756,9 k €	+6.7%	709,3 k €	+1.7%	697,2 k €	-0.2%	699 k €	+1.2%	690,8 k €	-1.8%	703,2 k €	-2.1%	718 k €
Cash	752,5 k €	+2.2%	736,2 k €	+38.5%	531,6 k €	+9.4%	485,9 k €	+97.8%	245,6 k €	-26.9%	336 k €	+145%	137 k €	-30.5%	197,1 k €	+69.7%	116,2 k €	-57.0%	270,4 k €	+31.1%	206,3 k €	+259%	57,4 k €	+9478%	599,2 €	-61.0%	1,5 k €	-87.4%	12,2 k €	+26.6%	9,6 k €	+264%	2,6 k €		0 €	-100%	12,8 k €
Debts	241,5 k €	-4.4%	252,6 k €	+5.5%	239,4 k €	+0.7%	237,8 k €	-14.2%	277,2 k €	+14.7%	241,6 k €	-33.9%	365,4 k €	-11.7%	414 k €	+79.2%	231 k €	-7.8%	250,5 k €	-18.7%	308,1 k €	-10.1%	342,6 k €	-14.6%	401,1 k €	-12.9%	460,4 k €	-8.0%	500,7 k €	-9.2%	551,3 k €	-6.4%	589,2 k €	-8.8%	646,4 k €	+2.8%	628,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 2 ended

Active mandates

Isabella Stalpaert

Director

Active

Ended mandates

ISABELLA STALPAERT

Administrator - manager · since 07 juillet 2004

Ended

ISABELLA STALPAERT

Manager · since 07 juillet 2004

Ended

At this address

Other companies at this address

Company	CBE no.
APOTHEEK STALPAERT● Active	0430.355.247
LICENTIA● Active	0809.188.747

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/08/2025	25/08/2024	22/08/2023	15/08/2022	13/09/2021	03/11/2020
General meeting	10/05/2025	11/05/2024	13/05/2023	14/05/2022	08/05/2021	31/08/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	10/05/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	11/05/2024	25/08/2024	Dutch	PDF
Abridged model	31/12/2022	13/05/2023	22/08/2023	Dutch	PDF
Abridged model	31/12/2021	14/05/2022	15/08/2022	Dutch	PDF
Abridged model	31/12/2020	08/05/2021	13/09/2021	Dutch	PDF
Abridged model	31/12/2019	31/08/2020	03/11/2020	Dutch	PDF
Abridged model	31/12/2018	01/06/2019	21/06/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	19/07/2018	Dutch	PDF
Abridged model	31/12/2016	03/06/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	22/06/2016	Dutch	PDF
Abridged model	31/12/2014	09/05/2015	27/05/2015	Dutch	PDF
Abridged model	31/12/2013	10/05/2014	28/05/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	19/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	08/08/2011	Dutch	PDF
Abridged model	31/12/2009	29/05/2010	17/06/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	21/08/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	11/07/2008	Dutch	PDF
Abridged model	31/12/2006	30/05/2007	30/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2024 · 1 active · 2 ended

Active mandates

Isabella Stalpaert

Director

Active

Ended mandates

ISABELLA STALPAERT

Administrator - manager · since 07 juillet 2004

Ended

ISABELLA STALPAERT

Manager · since 07 juillet 2004

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/09/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/01/2018
KAPITAAL - AANDELEN
PDF
Capital / shares07/01/2014
KAPITAAL - AANDELEN
PDF
Other22/07/2004
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

2024
Annual accounts 2024159,5 k €↑
2023
Annual accounts 2023145,7 k €↓
2022
Annual accounts 2022170,4 k €↑
2021
Annual accounts 2021116 k €↓
2020
Annual accounts 2020134,1 k €↑
2019
Annual accounts 2019111,8 k €↑
2018
Annual accounts 201889,7 k €↓
2017
Annual accounts 2017133,3 k €↑
2016
Annual accounts 2016104,2 k €↓
2015
Annual accounts 2015106,1 k €↓
2014
Annual accounts 2014110,6 k €↓
2013
Annual accounts 2013120,8 k €↑
2012
Annual accounts 2012107 k €↑
2011
Annual accounts 201152,3 k €↑
2010
Annual accounts 201048,9 k €↑
2009
Annual accounts 200946,1 k €↑
2008
Annual accounts 200845,6 k €↑
2007
Annual accounts 200727,6 k €↓
2006
Annual accounts 200634,4 k €
07/07/2004
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

BELLEFARMA

Overview

What does BELLEFARMA do?

Trend over 19 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