ACTIVE

BELGALEASE

Financial year 2025 · closed on 31/12/2025
Net result
103,6 k €
-46.7% YoY
Gross margin
338,1 k €
-25.4% YoY
Equity
6,6 M €
+1.6% YoY

What does BELGALEASE do?

BELGALEASE is a Public limited company incorporated in 2005. Its registered office is in Tongeren-Borgloon.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0878.042.911
Incorporation
20/12/2005
Legal form
Public limited company
Registered office
Dreef 99
3700 Tongeren-Borgloon · FlandreSee on map
Contributed capital
4 000 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin338,1 k €453 k €409,3 k €334,2 k €211,9 k €224,7 k €172 k €243,9 k €301,9 k €269,1 k €179,4 k €424,2 k €298 k €383,3 k €431,7 k €305,1 k €376 k €230,1 k €114,9 k €38,3 k €
EBITDA281,9 k €398,3 k €356,4 k €278,9 k €157,6 k €114,3 k €112,3 k €151,4 k €240,8 k €219 k €161,3 k €383,3 k €256,6 k €337,4 k €386,7 k €277,3 k €329 k €229,4 k €113,2 k €37,8 k €
Operating result154,1 k €270,5 k €216 k €198,8 k €145 k €101,7 k €81,4 k €133,1 k €215,7 k €196,9 k €136,1 k €358,1 k €221,9 k €309,6 k €356,1 k €246,7 k €127,6 k €200,6 k €93,3 k €20,8 k €
Net result103,6 k €194,5 k €149,2 k €177,4 k €101 k €69 k €40 k €68,1 k €161,2 k €160,6 k €147 k €313,9 k €126,4 k €136,8 k €165,6 k €108,2 k €105,8 k €132,5 k €187,3 k €9,1 k €
Balance sheet
Equity6,6 M €6,5 M €6,3 M €6,2 M €6 M €5,9 M €5,9 M €5,8 M €5,7 M €5,6 M €5,4 M €5,3 M €5 M €4,8 M €4,7 M €4,5 M €4,4 M €4,3 M €4,2 M €4 M €
Total assets10,4 M €10,5 M €11,8 M €10,9 M €11,5 M €8,1 M €8,8 M €8,2 M €9 M €8,8 M €8,7 M €5,4 M €7,3 M €7,5 M €8,7 M €9 M €8 M €6,4 M €6,2 M €4 M €
Cash657,3 k €1,9 M €640,2 k €1,9 M €1,5 M €854,7 k €789,2 k €1,5 M €535,1 k €736,5 k €391,4 k €1,6 M €714,4 k €720,6 k €345,3 k €849,3 k €235,2 k €406,3 k €2,9 M €
Debts3,6 M €3,8 M €5,3 M €4,5 M €5,2 M €2 M €2,8 M €2,3 M €3,1 M €3 M €3,1 M €1,5 k €2,2 M €2,5 M €3,9 M €4,4 M €3,4 M €2 M €1,9 M €400 €
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 · 4 active · 12 ended

Active mandates

Geneviève Karelle

Director · since 30 juin 2023 · until 29 juin 2029

Active
Hérion Monique

Director · since 30 juin 2023 · until 29 juin 2029

Active
Laurence Karelle

Director · since 30 juin 2023 · until 29 juin 2029

Active
SARELCO

Managing director · since 30 juin 2023 · until 29 juin 2029 · 0454.182.506

Represented by Philippe Karelle

Active

Ended mandates

SARELCO

Managing director · since 30 juin 2023 · until 29 juin 2029 · 0454.182.506

Represented by Karelle Philippe

Ended
Karelle Geneviève

Director · since 11 juin 2017 · until 10 juin 2023

Ended
Karelle Laurence

Director · since 11 juin 2017 · until 10 juin 2023

Ended
SARELCO

Managing director · since 11 juin 2017 · until 10 juin 2023 · 0454.182.506

Represented by Philippe Karelle

Ended
At this address

Other companies at this address

CompanyCBE no.
SARELCOActive
0454.182.506
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date16/06/202623/06/202528/06/202414/07/202319/07/202209/08/2021
General meeting06/06/202620/06/202526/06/202430/06/202314/07/202231/07/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202506/06/202616/06/2026DutchPDF
Abridged model31/12/202420/06/202523/06/2025DutchPDF
Abridged model31/12/202326/06/202428/06/2024DutchPDF
Abridged model31/12/202230/06/202314/07/2023DutchPDF
Abridged model31/12/202114/07/202219/07/2022DutchPDF
Abridged model31/12/202031/07/202109/08/2021DutchPDF
Abridged model31/12/201921/08/202028/08/2020DutchPDF
Abridged model31/12/201801/06/201906/06/2019DutchPDF
Abridged model31/12/201718/05/201819/06/2018DutchPDF
Abridged model31/12/201626/05/201729/06/2017DutchPDF
Abridged model31/12/201526/05/201631/05/2016DutchPDF
Abridged model31/12/201415/05/201519/06/2015DutchPDF
Abridged model31/12/201328/05/201423/06/2014DutchPDF
Abridged model31/12/201230/05/201305/07/2013DutchPDF
Abridged model31/12/201131/05/201206/06/2012DutchPDF
Abridged model31/12/201010/06/201116/06/2011DutchPDF
Abridged model31/12/200927/05/201024/06/2010DutchPDF
Abridged model31/12/200828/05/200923/07/2009DutchPDF
Abridged model31/12/200729/05/200831/07/2008DutchPDF
Abridged model31/12/200631/05/200729/06/2007DutchPDF
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 · 4 active · 12 ended

Active mandates

Geneviève Karelle

Director · since 30 juin 2023 · until 29 juin 2029

Active
Hérion Monique

Director · since 30 juin 2023 · until 29 juin 2029

Active
Laurence Karelle

Director · since 30 juin 2023 · until 29 juin 2029

Active
SARELCO

Managing director · since 30 juin 2023 · until 29 juin 2029 · 0454.182.506

Represented by Philippe Karelle

Active

Ended mandates

SARELCO

Managing director · since 30 juin 2023 · until 29 juin 2029 · 0454.182.506

Represented by Karelle Philippe

Ended
Karelle Geneviève

Director · since 11 juin 2017 · until 10 juin 2023

Ended
Karelle Laurence

Director · since 11 juin 2017 · until 10 juin 2023

Ended
SARELCO

Managing director · since 11 juin 2017 · until 10 juin 2023 · 0454.182.506

Represented by Philippe Karelle

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/06/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/06/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/12/2006
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Capital / shares10/07/2006
    KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other30/12/2005
    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

Timeline

  1. 2025
    Annual accounts 2025103,6 k €
  2. 2024
    Annual accounts 2024194,5 k €
  3. 2023
    Annual accounts 2023149,2 k €
  4. 2022
    Annual accounts 2022177,4 k €
  5. 2021
    Annual accounts 2021101 k €
  6. 2020
    Annual accounts 202069 k €
  7. 2019
    Annual accounts 201940 k €
  8. 2018
    Annual accounts 201868,1 k €
  9. 2017
    Annual accounts 2017161,2 k €
  10. 2016
    Annual accounts 2016160,6 k €
  11. 2015
    Annual accounts 2015147 k €
  12. 2014
    Annual accounts 2014313,9 k €
  13. 2013
    Annual accounts 2013126,4 k €
  14. 2012
    Annual accounts 2012136,8 k €
  15. 2011
    Annual accounts 2011165,6 k €
  16. 2010
    Annual accounts 2010108,2 k €
  17. 2009
    Annual accounts 2009105,8 k €
  18. 2008
    Annual accounts 2008132,5 k €
  19. 2007
    Annual accounts 2007187,3 k €
  20. 2006
    Annual accounts 20069,1 k €
  21. 20/12/2005
    IncorporationPublic limited company