ACTIVE

BELTING

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Financial year 2025 · closed on 31/12/2025

Net result

-308,8 k €

-334.5% YoY

Revenue

7,3 M €

+1.2% YoY

Equity

2,2 M €

-12.2% YoY

Workforce

29,1 ETP

+2.1% YoY

What does BELTING do?

BELTING is a Private limited company incorporated in 2005. Its main activity is: Manufacture of plastic products. Its registered office is in Kuurne. It employs on average 29,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0873.667.419

Incorporation

04/05/2005

Legal form

Private limited company

Registered office

Noordlaan 5
8520 Kuurne · FlandreSee on map

Contributed capital

700 000,00 €

Latest accounts

31/12/2025

Average workforce

29,1 ETP

Activities (NACE)

22260Manufacture of plastic products· main 22290Manufacture of other plastic products 28220Manufacture of lifting and handling equipment 28220Manufacture of lifting and handling equipment 29220Manufacture of bodies (coachwork) for motor vehicles; manufacture of trailers and semi-trailers 30990Manufacture of other transport equipment n.e.c.+8

Joint committees (4)

116
1160
207
2070

Signals

Solid equityLow riskGood liquidityPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	7,3 M €	+1.2%	7,2 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	60,5 k €	-90.6%	646,7 k €	-16.3%	773,1 k €	-32.9%	1,2 M €	+84.3%	625,2 k €	-17.9%	761,1 k €	+62.3%	469,1 k €	+2.3%	458,6 k €	-19.6%	570,2 k €	+8.7%	524,5 k €	+36.0%	385,6 k €	+16.4%	331,3 k €	+38.5%	239,2 k €	-31.0%	346,5 k €	+46.4%	236,7 k €	+29.5%	182,8 k €	+93.9%	94,3 k €	-14.2%	109,8 k €	-46.7%	205,9 k €
Operating result	-246,7 k €	-199%	250,1 k €	+375%	-91 k €	-113%	691,4 k €	+724%	83,9 k €	-64.6%	237,2 k €	+323%	-106,3 k €	-29.2%	-82,3 k €	-150%	163,4 k €	-29.2%	231 k €	+51.7%	152,2 k €	-29.1%	214,7 k €	+128%	94,1 k €	+11.3%	84,6 k €	-35.7%	131,5 k €	+15.5%	113,9 k €	+216%	36 k €	-17.2%	43,5 k €	-59.6%	107,7 k €
Net result	-308,8 k €	-334%	131,7 k €	-79.7%	648,6 k €	+43.5%	451,9 k €	+723%	54,9 k €	-68.5%	174,1 k €	+820%	-24,2 k €	+73.9%	-92,8 k €	-201%	92,2 k €	-21.1%	116,9 k €	+84.0%	63,6 k €	-45.7%	117,1 k €	+63.2%	71,8 k €	+232%	21,7 k €	-67.5%	66,6 k €	+7.1%	62,2 k €	+197%	20,9 k €	+17.5%	17,8 k €	-68.3%	56,3 k €
Balance sheet
Equity	2,2 M €	-12.2%	2,5 M €	+5.5%	2,4 M €	+37.2%	1,7 M €	+34.9%	1,3 M €	+1.3%	1,3 M €	+12.3%	1,1 M €	-10.3%	1,3 M €	+52.7%	828,2 k €	+40.4%	590 k €	+24.5%	473,8 k €	+15.3%	410,9 k €	+43.0%	287,4 k €	+4.3%	275,6 k €	+12.5%	244,9 k €	+37.4%	178,3 k €	+53.6%	116,1 k €	+22.0%	95,2 k €	+23.1%	77,3 k €
Total assets	3,5 M €	-11.9%	3,9 M €	-5.7%	4,2 M €	+15.5%	3,6 M €	-4.0%	3,8 M €	-14.0%	4,4 M €	-17.7%	5,3 M €	+13.7%	4,7 M €	+26.8%	3,7 M €	+34.8%	2,7 M €	+4.0%	2,6 M €	+25.2%	2,1 M €	+23.3%	1,7 M €	+29.1%	1,3 M €	+14.1%	1,2 M €	+24.9%	927 k €	+76.4%	525,5 k €	-0.4%	527,4 k €	+38.8%	379,9 k €
Cash	327,2 k €	-23.4%	427,4 k €	+38.7%	308,1 k €	-56.1%	701,5 k €	+17.4%	597,6 k €	+65.7%	360,6 k €	-60.5%	913,8 k €	+397%	183,9 k €	+14.3%	160,9 k €	+75.3%	91,8 k €	-23.6%	120,1 k €	+66.0%	72,3 k €	-32.1%	106,6 k €	-28.7%	149,4 k €	-18.6%	183,5 k €	+86.2%	98,6 k €	+4.3%	94,5 k €	-19.9%	118 k €	+196%	39,8 k €
Debts	1,2 M €	-12.8%	1,3 M €	-18.5%	1,6 M €	-9.4%	1,8 M €	-26.3%	2,5 M €	-19.6%	3,1 M €	-25.8%	4,1 M €	+24.9%	3,3 M €	+21.0%	2,7 M €	+29.5%	2,1 M €	-0.8%	2,1 M €	+27.7%	1,7 M €	+19.0%	1,4 M €	+36.1%	1 M €	+13.2%	912,6 k €	+21.9%	748,7 k €	+82.9%	409,4 k €	+3.0%	397,2 k €	+31.3%	302,5 k €
Other
Workforce	29,1 ETP	+2.1%	28,5 ETP	-4.7%	29,9 ETP	+5.7%	28,3 ETP	+14.1%	24,8 ETP	-1.2%	25,1 ETP	-10.4%	28,0 ETP	+16.7%	24,0 ETP	+27.0%	18,9 ETP	-6.0%	20,1 ETP	+19.6%	16,8 ETP	+26.3%	13,3 ETP	+13.7%	11,7 ETP	+30.0%	9,0 ETP	0.0%	9,0 ETP	+69.8%	5,3 ETP	-10.2%	5,9 ETP	+37.2%	4,3 ETP	-8.5%	4,7 ETP

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 31/12/2025 · 2 active · 16 ended

Active mandates

Stefaan Degroote

Director · since 01 mai 2024

Active

Menno Peeters

Director · since 01 septembre 2022

Active

Ended mandates

Samsara

Managing director · since 01 septembre 2022 · 0697.590.346

Represented by Pedro GEERAERD

Ended

Samsara

Director · since 20 avril 2020 · 0697.590.346

Represented by Pedro Geeraerd

Ended

AUDACIA - TECH

Mandate · 0474.118.677

Ended

AUDACIA - TECH

Mandate · 0474.118.677

Ended

At this address

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VANDENBUSSCHE RUDI● Active	0461.647.843

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full 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	01/07/2026	25/07/2025	11/06/2024	24/07/2023	01/07/2022	02/07/2021
General meeting	05/06/2026	04/07/2025	10/06/2024	21/07/2023	28/06/2022	05/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	05/06/2026	01/07/2026	Dutch	PDF
Full model	31/12/2024	04/07/2025	25/07/2025	Dutch	PDF
Abridged model	31/12/2023	10/06/2024	11/06/2024	Dutch	PDF
Abridged model	31/12/2022	21/07/2023	24/07/2023	Dutch	PDF
Abridged model	31/12/2021	28/06/2022	01/07/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	02/07/2021	Dutch	PDF
Abridged model	31/12/2019	06/06/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	01/06/2019	21/06/2019	Dutch	PDF
Abridged model	31/12/2017	17/09/2018	21/09/2018	Dutch	PDF
Abridged model	31/12/2016	19/04/2017	08/05/2017	Dutch	PDF
Abridged model	31/12/2015	17/05/2016	08/06/2016	Dutch	PDF
Abridged model	31/12/2014	25/03/2015	30/03/2015	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	26/06/2014	Dutch	PDF
Abridged model	31/12/2012	08/06/2013	03/07/2013	Dutch	PDF
Abridged model	31/03/2011	24/09/2011	30/09/2011	Dutch	PDF
Abridged model	31/03/2010	25/09/2010	25/10/2010	Dutch	PDF
Abridged model	31/03/2009	26/09/2009	27/10/2009	Dutch	PDF
Abridged model	31/03/2008	29/09/2008	27/10/2008	Dutch	PDF
Abridged model	31/03/2007	01/12/2007	10/12/2007	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 31/12/2025 · 2 active · 16 ended

Active mandates

Stefaan Degroote

Director · since 01 mai 2024

Active

Menno Peeters

Director · since 01 septembre 2022

Active

Ended mandates

Samsara

Managing director · since 01 septembre 2022 · 0697.590.346

Represented by Pedro GEERAERD

Ended

Samsara

Director · since 20 avril 2020 · 0697.590.346

Represented by Pedro Geeraerd

Ended

AUDACIA - TECH

Mandate · 0474.118.677

Ended

AUDACIA - TECH

Mandate · 0474.118.677

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/09/2026
Herbenoeming commissaris
PDF
Mandates10/06/2024
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other06/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN
PDF
Mandates06/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other25/01/2023
DIVERSEN
PDF
Mandates14/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/06/2020
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
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 2025-308,8 k €↓
2024
Annual accounts 2024131,7 k €↓
2023
Annual accounts 2023648,6 k €↑
2022
Annual accounts 2022451,9 k €↑
2021
Annual accounts 202154,9 k €↓
2020
Annual accounts 2020174,1 k €↑
2019
Annual accounts 2019-24,2 k €↑
2018
Annual accounts 2018-92,8 k €↓
2017
Annual accounts 201792,2 k €↓
2016
Annual accounts 2016116,9 k €↑
2015
Annual accounts 201563,6 k €↓
2014
Annual accounts 2014117,1 k €↑
2013
Annual accounts 201371,8 k €↑
2012
Annual accounts 201221,7 k €↓
2012
Name changeBelting
2011
Annual accounts 201166,6 k €↑
2010
Annual accounts 201062,2 k €↑
2009
Annual accounts 200920,9 k €↑
2008
Annual accounts 200817,8 k €↓
2007
Annual accounts 200756,3 k €
2007
Name changeLOGI-TECHNIC BELTING
04/05/2005
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

BELTING

Overview

What does BELTING 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