ACTIVE

Belga Plastics

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Financial year 2025 · closed on 31/12/2025

Net result

367,4 k €

+50.2% YoY

Gross margin

911,8 k €

+24.9% YoY

Equity

1,1 M €

-11.1% YoY

Workforce

3,0 ETP

0.0% YoY

What does Belga Plastics do?

Belga Plastics is a Public limited company incorporated in 2005. Its main activity is: Wholesale of wood, construction materials and sanitary equipment. Its registered office is in Merelbeke-Melle. It employs on average 3,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0873.290.505

Incorporation

18/04/2005

Legal form

Public limited company

Registered office

Gontrode Heirweg 302
9090 Merelbeke-Melle · FlandreSee on map

Contributed capital

200 000,00 €

Latest accounts

31/12/2025

Average workforce

3,0 ETP

Activities (NACE)

46731Wholesale of wood, construction materials and sanitary equipment· main 46769Wholesale of other intermediate products 46831Wholesale trade, except of motor vehicles and motorcycles 46869Wholesale trade, except of motor vehicles and motorcycles 51532Air transport 51562Air transport+3

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	911,8 k €	+24.9%	730,1 k €	+19.0%	613,6 k €	-18.9%	756,6 k €	+51.8%	498,5 k €	+18.9%	419,3 k €	-10.4%	467,8 k €	+14.5%	408,4 k €	+5.5%	387 k €	+20.8%	320,5 k €	+9.6%	292,5 k €	-8.2%	318,6 k €	+2232%	-14,9 k €	-106%	260,1 k €	+29.1%	201,4 k €	+59.1%	126,6 k €	-18.4%	155,2 k €	+33.1%	116,7 k €
EBITDA	517,7 k €	+47.6%	350,8 k €	+55.6%	225,4 k €	-51.4%	464,2 k €	+106%	225,1 k €	+38.9%	162 k €	-31.5%	236,5 k €	+41.6%	167 k €	+41.1%	118,4 k €	+24.0%	95,5 k €	+15.2%	82,9 k €	-28.2%	115,4 k €	+159%	-197 k €	-252%	129,9 k €	-1.4%	131,8 k €	+113%	61,8 k €	-32.7%	91,8 k €	+59.1%	57,7 k €
Operating result	492,1 k €	+52.0%	323,8 k €	+62.0%	200 k €	-53.8%	432,6 k €	+118%	198,6 k €	+38.8%	143,1 k €	-34.2%	217,5 k €	+50.1%	144,9 k €	+42.2%	101,9 k €	+45.9%	69,9 k €	+32.4%	52,8 k €	-39.0%	86,5 k €	+139%	-223,2 k €	-291%	116,9 k €	-1.1%	118,2 k €	+321%	28,1 k €	+2.8%	27,3 k €	-36.6%	43 k €
Net result	367,4 k €	+50.2%	244,6 k €	+73.0%	141,4 k €	-56.6%	325,5 k €	+107%	157 k €	+79.0%	87,7 k €	-37.0%	139,3 k €	+80.7%	77,1 k €	+32.6%	58,2 k €	+112%	27,4 k €	+716%	3,4 k €	-94.9%	65,4 k €	+130%	-221,3 k €	-415%	70,4 k €	-5.1%	74,1 k €	+508%	12,2 k €	+119%	5,6 k €	-1.9%	5,7 k €
Balance sheet
Equity	1,1 M €	-11.1%	1,2 M €	-17.6%	1,4 M €	+10.8%	1,3 M €	+33.2%	981,5 k €	+62.1%	605,5 k €	+16.9%	517,8 k €	+36.8%	378,4 k €	+25.6%	301,3 k €	+23.9%	243,2 k €	+12.7%	215,8 k €	+1.6%	212,4 k €	+44.5%	147 k €	-60.1%	368,3 k €	+23.6%	298 k €	+33.1%	223,8 k €	+5.8%	211,6 k €	+2.7%	206,1 k €
Total assets	2 M €	-2.8%	2 M €	+21.3%	1,7 M €	-6.6%	1,8 M €	+10.8%	1,6 M €	+39.7%	1,1 M €	+9.3%	1 M €	-2.1%	1,1 M €	-21.2%	1,4 M €	-8.3%	1,5 M €	-0.8%	1,5 M €	-10.9%	1,7 M €	+36.1%	1,2 M €	+8.5%	1,1 M €	+34.4%	844,2 k €	-0.1%	845,3 k €	-15.2%	996,4 k €	-0.3%	999,9 k €
Cash	586,1 k €	+153%	231,3 k €	+46.5%	157,8 k €	-50.2%	317,1 k €	+63.3%	194,2 k €	+83.3%	105,9 k €	+1327%	7,4 k €	-85.2%	50,2 k €	-12.0%	57,1 k €	+20.9%	47,2 k €	+118%	21,7 k €	-18.9%	26,8 k €	+4.2%	25,7 k €	+13.8%	22,6 k €	+83.9%	12,3 k €	-88.0%	102,6 k €	-47.0%	193,6 k €	+738%	23,1 k €
Debts	892,6 k €	+9.3%	816,4 k €	+291%	208,6 k €	-55.3%	466,4 k €	-24.5%	618,1 k €	+15.2%	536,7 k €	+2.1%	525,9 k €	-23.9%	691,4 k €	-34.6%	1,1 M €	-14.5%	1,2 M €	-3.2%	1,3 M €	-12.7%	1,5 M €	+35.0%	1,1 M €	+41.5%	765,8 k €	+40.2%	546,3 k €	-12.1%	621,5 k €	-20.6%	783 k €	-1.4%	793,9 k €
Other
Workforce	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	+30.4%	2,3 ETP	+15.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-13.0%	2,3 ETP	+15.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+42.9%	1,4 ETP	+40.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 17 ended

Active mandates

RESTO BOUWSPECIALITEITEN

Managing director · since 22 décembre 2022 · until 26 mai 2028 · 0429.204.313

Represented by Luc SAEY

Active

John Saey

Chairman of the board of directors · since 30 juin 2022 · until 26 mai 2028

Active

Ended mandates

John Saey

Chairman of the board of directors · since 30 juin 2016 · until 27 mai 2022

Ended

Luc Saey

Managing director · since 30 juin 2016 · until 27 mai 2022

Ended

John Saey

Chairman of the board of directors · since 27 mai 2016 · until 27 mai 2022

Ended

John Saey

Chairman of the board of directors · since 27 mai 2016 · until 30 juin 2022

Ended

At this address

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DL & P● Active	0434.724.207
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JOHN SAEY● Active	0421.046.118
John Saey Cyclingteam● Active	0480.414.769
JOHN SAEY RENOVATIE● Active	0847.353.594
RESTO BOUWSPECIALITEITEN● Active	0429.204.313
SAEY BOUWPROMOTIE● Active	0847.353.990
TOITURE● Active	1029.137.435

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	08/07/2026	11/07/2025	30/08/2024	09/07/2023	31/08/2022	27/07/2021
General meeting	25/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
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

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	25/06/2026	08/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	11/07/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	09/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	27/07/2021	Dutch	PDF
Abridged model	31/12/2019	10/08/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	23/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	17/07/2018	Dutch	PDF
Abridged model	31/12/2016	09/06/2017	06/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	28/07/2016	Dutch	PDF
Abridged model	31/12/2014	27/06/2015	16/07/2015	Dutch	PDF
Abridged model	31/12/2013	26/06/2014	17/07/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	01/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	25/06/2012	Dutch	PDF
Abridged model	31/12/2010	29/06/2011	06/07/2011	Dutch	PDF
Abridged model	31/12/2009	29/06/2010	02/08/2010	Dutch	PDF
Abridged model	31/12/2008	29/06/2009	17/08/2009	Dutch	PDF
Abridged model	31/12/2007	26/06/2008	07/07/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	10/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2025 · 2 active · 17 ended

Active mandates

RESTO BOUWSPECIALITEITEN

Managing director · since 22 décembre 2022 · until 26 mai 2028 · 0429.204.313

Represented by Luc SAEY

Active

John Saey

Chairman of the board of directors · since 30 juin 2022 · until 26 mai 2028

Active

Ended mandates

John Saey

Chairman of the board of directors · since 30 juin 2016 · until 27 mai 2022

Ended

Luc Saey

Managing director · since 30 juin 2016 · until 27 mai 2022

Ended

John Saey

Chairman of the board of directors · since 27 mai 2016 · until 27 mai 2022

Ended

John Saey

Chairman of the board of directors · since 27 mai 2016 · until 30 juin 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other08/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates03/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares30/09/2021
KAPITAAL - AANDELEN
PDF
Mandates15/12/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/05/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares01/02/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/10/2010
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 2025367,4 k €↑
2024
Annual accounts 2024244,6 k €↑
2023
Annual accounts 2023141,4 k €↓
2022
Annual accounts 2022325,5 k €↑
2021
Annual accounts 2021157 k €↑
2019
Annual accounts 201987,7 k €↓
2018
Annual accounts 2018139,3 k €↑
2017
Annual accounts 201777,1 k €↑
2016
Annual accounts 201658,2 k €↑
2015
Annual accounts 201527,4 k €↑
2014
Annual accounts 20143,4 k €↓
2013
Annual accounts 201365,4 k €↑
2012
Annual accounts 2012-221,3 k €↓
2011
Annual accounts 201170,4 k €↓
2010
Annual accounts 201074,1 k €↑
2009
Annual accounts 200912,2 k €↑
2008
Annual accounts 20085,6 k €↓
2007
Annual accounts 20075,7 k €
18/04/2005
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

Belga Plastics

Overview

What does Belga Plastics do?

Trend over 18 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