ACTIVE

BELLIVO

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Financial year 2025 · closed on 31/12/2025

Net result

1,1 M €

-20.4% YoY

Gross margin

-4 k €

-73.1% YoY

Equity

36 M €

+3.1% YoY

What does BELLIVO do?

BELLIVO is a Public limited company incorporated in 2004. Its registered office is in Geel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.284.592

Incorporation

30/11/2004

Legal form

Public limited company

Registered office

Kalverstraat 1
2440 Geel · FlandreSee on map

Contributed capital

17 850 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-4 k €	-73.1%	-2,3 k €	+30.6%	-3,3 k €	+66.4%	-9,9 k €	+71.6%	-35 k €	-26.4%	-27,6 k €	-465%	-4,9 k €	+3.7%	-5,1 k €		–		–		–		–		-1,3 k €	+83.3%	-8 k €	+11.2%	-9 k €	-52.3%	-5,9 k €	+54.5%	-13 k €	-38.8%	-9,3 k €	+41.7%	-16 k €	-193%	-5,5 k €
EBITDA	-12,6 k €	-37.6%	-9,1 k €	+24.5%	-12,1 k €	+9.4%	-13,3 k €	+78.3%	-61,5 k €	-82.1%	-33,8 k €	-477%	-5,9 k €	+1.5%	-5,9 k €	+3.0%	-6,1 k €	-0.6%	-6,1 k €	-0.7%	-6,1 k €	-5.5%	-5,7 k €	-161%	-2,2 k €	+75.1%	-8,8 k €	+11.0%	-9,9 k €	-47.2%	-6,8 k €	+51.1%	-13,8 k €	-35.6%	-10,2 k €	+46.0%	-18,9 k €	-224%	-5,8 k €
Operating result	-12,6 k €	-37.6%	-9,1 k €	+24.5%	-12,1 k €	+9.4%	-13,3 k €	+78.3%	-61,5 k €	-82.1%	-33,8 k €	-477%	-5,9 k €	+1.5%	-5,9 k €	+3.0%	-6,1 k €	-0.6%	-6,1 k €	-0.7%	-6,1 k €	-5.5%	-5,7 k €	-161%	-2,2 k €	+75.1%	-8,8 k €	+11.0%	-9,9 k €	-47.2%	-6,8 k €	+51.1%	-13,8 k €	-35.6%	-10,2 k €	+46.0%	-18,9 k €	-224%	-5,8 k €
Net result	1,1 M €	-20.4%	1,4 M €	+20.2%	1,1 M €	-13.6%	1,3 M €	-6.5%	1,4 M €	+13.9%	1,2 M €	-12.1%	1,4 M €	+17.1%	1,2 M €	+18.7%	1 M €	+209%	329,8 k €	-82.7%	1,9 M €	+472%	334 k €	-3.7%	346,7 k €	+4.8%	330,8 k €	+2.8%	321,7 k €	+249%	92,2 k €	+131%	-299 k €	-127%	1,1 M €	-67.7%	3,4 M €	+2039%	160,5 k €
Balance sheet
Equity	36 M €	+3.1%	34,9 M €	+4.1%	33,5 M €	+3.5%	32,3 M €	+4.3%	31 M €	+4.8%	29,6 M €	+4.4%	28,4 M €	+5.3%	26,9 M €	+4.7%	25,7 M €	+4.1%	24,7 M €	+1.4%	24,4 M €	+3.5%	23,6 M €	+1.4%	23,2 M €	+1.5%	22,9 M €	+1.5%	22,5 M €	+1.4%	22,2 M €	+210%	7,2 M €	-4.0%	7,5 M €	+17.4%	6,4 M €	+117%	2,9 M €
Total assets	36 M €	+2.7%	35 M €	+4.0%	33,7 M €	+3.7%	32,5 M €	+3.9%	31,3 M €	+5.1%	29,8 M €	+4.8%	28,4 M €	+5.3%	27 M €	+4.7%	25,7 M €	+4.1%	24,7 M €	-2.9%	25,5 M €	+8.1%	23,6 M €	-1.2%	23,8 M €	-3.5%	24,7 M €	-3.4%	25,6 M €	-3.3%	26,4 M €	+9.2%	24,2 M €	-6.6%	25,9 M €	-6.5%	27,8 M €	+85.1%	15 M €
Cash	1,8 k €	-99.1%	202,4 k €	+105%	98,8 k €	+793%	11,1 k €	-92.3%	143,2 k €	+4354%	3,2 k €	+1550%	194,8 €	-99.9%	242,2 k €	+7936%	3 k €	+185%	1,1 k €	-27.1%	1,5 k €	-38.3%	2,4 k €	+176%	851,1 €	-68.3%	2,7 k €	+270%	724,2 €	-69.5%	2,4 k €	-23.0%	3,1 k €	+34.4%	2,3 k €	-71.5%	8,1 k €	-98.0%	401,7 k €
Debts	6,8 k €	-96.1%	175,4 k €	-12.4%	200,3 k €	+39.4%	143,7 k €	-41.2%	244,3 k €	+59.7%	153 k €	+571%	22,8 k €	+16.3%	19,6 k €	+3.9%	18,9 k €	+1912%	937,5 €	-99.9%	1,1 M €		–		622 k €	-66.0%	1,8 M €	-39.6%	3 M €	-28.5%	4,2 M €	-74.4%	16,5 M €	-7.4%	17,8 M €	-14.0%	20,7 M €	+81.4%	11,4 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 30 ended

Active mandates

Calita

Bestuurder · since 18 septembre 2024 · until 26 mai 2028 · 0660.836.353

Represented by Caroline Oeyen

Active

CARINO

Bestuurder · since 26 juillet 2022 · until 26 mai 2028 · 0470.312.616

Represented by Willy Oeyen

Active

B.O.O.

Bestuurder · since 28 mai 2021 · until 28 mai 2027 · 0735.852.292

Represented by Maria Otten

Active

Ended mandates

Calita

Director · since 30 septembre 2022 · until 30 septembre 2023 · 0660.836.353

Represented by Caroline Oeyen

Ended

Calita

Director · since 30 septembre 2022 · 0660.836.353

Represented by Caroline Oeyen

Ended

B.O.O.

Director · since 28 mai 2021 · until 27 mai 2027 · 0735.852.292

Represented by Maria OTTEN

Ended

B.O.O.

Director · since 28 mai 2021 · 0735.852.292

Represented by Maria OTTEN

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	18/08/2026	16/09/2025	07/10/2024	29/08/2023	04/08/2022	31/08/2021
General meeting	24/06/2026	30/06/2025	18/09/2024	26/07/2023	27/05/2022	28/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	24/06/2026	18/08/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	16/09/2025	Dutch	PDF
Abridged model	31/12/2023	18/09/2024	07/10/2024	Dutch	PDF
Abridged model	31/12/2022	26/07/2023	29/08/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	04/08/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	05/10/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	03/07/2019	Dutch	PDF
Full model	31/12/2017	25/05/2018	31/08/2018	Dutch	PDF
Full model	31/12/2016	26/05/2017	31/07/2017	Dutch	PDF
Full model	31/12/2015	27/05/2016	29/07/2016	Dutch	PDF
Full model	31/12/2014	29/05/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	03/07/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	23/07/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	24/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	26/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	09/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	04/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	16/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 30 ended

Active mandates

Calita

Bestuurder · since 18 septembre 2024 · until 26 mai 2028 · 0660.836.353

Represented by Caroline Oeyen

Active

CARINO

Bestuurder · since 26 juillet 2022 · until 26 mai 2028 · 0470.312.616

Represented by Willy Oeyen

Active

B.O.O.

Bestuurder · since 28 mai 2021 · until 28 mai 2027 · 0735.852.292

Represented by Maria Otten

Active

Ended mandates

Calita

Director · since 30 septembre 2022 · until 30 septembre 2023 · 0660.836.353

Represented by Caroline Oeyen

Ended

Calita

Director · since 30 septembre 2022 · 0660.836.353

Represented by Caroline Oeyen

Ended

B.O.O.

Director · since 28 mai 2021 · until 27 mai 2027 · 0735.852.292

Represented by Maria OTTEN

Ended

B.O.O.

Director · since 28 mai 2021 · 0735.852.292

Represented by Maria OTTEN

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/08/2026
BENOEMING GEDELEGEERD BESTUURDER - VASTE
PDF
Other28/01/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates21/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/03/2018
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/06/2017
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

2025
Annual accounts 20251,1 M €↓
2024
Annual accounts 20241,4 M €↑
2023
Annual accounts 20231,1 M €↓
2022
Annual accounts 20221,3 M €↓
2021
Annual accounts 20211,4 M €↑
2020
Annual accounts 20201,2 M €↓
2019
Annual accounts 20191,4 M €↑
2018
Annual accounts 20181,2 M €↑
2017
Annual accounts 20171 M €↑
2016
Annual accounts 2016329,8 k €↓
2015
Annual accounts 20151,9 M €↑
2014
Annual accounts 2014334 k €↓
2013
Annual accounts 2013346,7 k €↑
2012
Annual accounts 2012330,8 k €↑
2011
Annual accounts 2011321,7 k €↑
2010
Annual accounts 201092,2 k €↑
2009
Annual accounts 2009-299 k €↓
2008
Annual accounts 20081,1 M €↓
2007
Annual accounts 20073,4 M €↑
2006
Annual accounts 2006160,5 k €
30/11/2004
IncorporationPublic 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

BELLIVO

Overview

What does BELLIVO do?

Trend over 20 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