ACTIVE

BELFISC

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Financial year 2025 · Closed on 31/12/2025

Net result125,1 k €+901,1 %over 1 year

Gross margin-199,5 k €-562,3 %over 1 year

Equity1,6 M €+8,5 %over 1 year

Identity

Source · BCE/KBO

BELFISC is a Private company with limited liability incorporated in 2006. Its registered office is in Tournai.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0880.353.687
Incorporation: 23/03/2006
Legal form: Private company with limited liability
Registered office: Rue Louis Chevalier(CH) 48
7521 Tournai · WallonieSee on map
Contributed capital: 20 000,00 €
Latest accounts: 31/12/2025

Signals

ProfitableLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-199,5 k €	-562%	43,2 k €	-38.2%	69,9 k €	-79.8%	346,7 k €	-28.3%	483,6 k €
EBITDA	-201,5 k €	-628%	38,2 k €	-33.9%	57,7 k €	-83.2%	344,2 k €	-26.5%	468,3 k €
Operating result	-226,7 k €	-1839%	13 k €	+514%	2,1 k €	-99.4%	341,8 k €	-20.3%	429 k €
Net result	125,1 k €	+901%	12,5 k €	+126%	-48,1 k €	-114%	340,3 k €	-19.2%	421,2 k €
Balance sheet
Equity	1,6 M €	+8.5%	1,5 M €	+0.9%	1,5 M €	-3.2%	1,5 M €	+29.2%	1,2 M €
Total assets	5,3 M €	+14.1%	4,7 M €	-7.9%	5,1 M €	+19.8%	4,2 M €	-8.0%	4,6 M €
Cash	33,2 k €	+1747%	1,8 k €	-94.0%	29,9 k €		–		1,6 k €
Debts	3,7 M €	+16.7%	3,2 M €	-11.5%	3,6 M €	+32.5%	2,7 M €	-20.7%	3,4 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DAVID MICHEL	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
NATHALIE GLISSOUX	Manager2021 accounts

Other companies at this address

Rue Louis Chevalier(CH) 48 7521 Tournai

Company	CBE no.
David MICHEL● Active	0468.166.639
DOCTEUR FREDERIC GOUAT● Active	0506.650.992
DUBOQUET LEONIE● Active	1040.622.235
FALINVEST● Active	0672.988.671
I.L.N INVEST● Active	0636.831.922
JFB GROUP● Active	0879.148.711
LA GROSSE EQUIPE● Active	0650.642.940
LE CASTIA● Active	0521.832.779
LI.E.A.● Active	0883.130.263
SOLID FOUNDATION● Active	1002.167.178
SPM Consulting● Active	0786.651.390

Full financial information

Source · NBB

	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	31/08/2026	28/07/2025	31/07/2024	26/07/2023	27/07/2022	26/07/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	22/06/2023	06/06/2022	07/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	02/06/2025	28/07/2025	French	PDF
Abridged model	31/12/2023	03/06/2024	31/07/2024	French	PDF
Abridged model	31/12/2022	22/06/2023	26/07/2023	French	PDF
Abridged model	31/12/2021	06/06/2022	27/07/2022	French	PDF
Abridged model	31/12/2020	07/06/2021	26/07/2021	French	PDF
Abridged model	31/12/2019	01/06/2020	29/07/2020	French	PDF
Abridged model	31/12/2018	03/06/2019	30/07/2019	French	PDF
Abridged model	31/12/2017	04/06/2018	31/07/2018	French	PDF
Abridged model	31/12/2016	05/06/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	29/07/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	12/06/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	11/07/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	02/07/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	20/07/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	16/06/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	27/07/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	29/07/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	22/07/2008	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DAVID MICHEL	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
NATHALIE GLISSOUX	Manager2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring13/10/2026
PROJET DE FUSION
PDF
Restructuring13/07/2026
Fusion par absorption- société absorbante
PDF
Restructuring16/02/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Registered office10/04/2025
SIEGE SOCIAL
PDF
Capital / shares25/10/2023
CAPITAL, ACTIONS
PDF
Registered office17/08/2023
SIEGE SOCIAL
PDF
Restructuring27/01/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring12/11/2020
MODIFICATION FORME JURIDIQUE - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

DAVID MICHEL

NATHALIE GLISSOUX

200620072008200920102011201220132014201520162017201820192020202120222023202420252026

BELFISC

Rue Louis Chevalier(CH) 48, 7521 ChercqAVENUE LOUISE 149 bte 24, 1050 Ixelles

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Louis Chevalier(CH) 48, 7521 ChercqCurrent	accounts 2025	Accounts 2025 · 2026-00486164
AVENUE LOUISE 149 bte 24, 1050 Ixelles	accounts 2023 → 2024	Accounts 2024 · 2025-00333285
AVENUE LOUISE 143 bte 4, 1000 Brussels	accounts 2022	Accounts 2022 · 2023-00290412
AVENUE LOUISE 149 bte 24, 1050 Ixelles	accounts 2021	Accounts 2021 · 2022-20239949

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BELFISCCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00486164

Events

2025
Annual accounts 2025125,1 k €↑
2024
Annual accounts 202412,5 k €↑
2023
Annual accounts 2023-48,1 k €↓
2022
Annual accounts 2022340,3 k €↓
2021
Annual accounts 2021421,2 k €↓
2020
Annual accounts 20201,3 M €↑
2019
Annual accounts 2019-453,6 k €↓
2018
Annual accounts 2018-152,6 k €↑
2017
Annual accounts 2017-218,5 k €↓
2016
Annual accounts 2016-6 k €↓
2015
Annual accounts 201543 k €↑
2014
Annual accounts 2014-2,5 k €↓
2013
Annual accounts 2013309,9 k €↑
2012
Annual accounts 2012-33,2 k €↓
2011
Annual accounts 201114,2 k €↑
2010
Annual accounts 2010-42,4 k €↓
2009
Annual accounts 200924,4 k €↑
2008
Annual accounts 2008-13 k €↑
2007
Annual accounts 2007-102,9 k €
23/03/2006
IncorporationPrivate company with limited liability

BELFISC

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events