ACTIVE

BELLAM

Financial year 2025 · Closed on 31/12/2025

Net result447,1 k €+70,2 %over 1 year

Gross margin294 k €+64,3 %over 1 year

Equity2,5 M €+21,8 %over 1 year

Identity

Source · BCE/KBO

BELLAM is a Private limited company incorporated in 2006. Its main activity is: Residential care activities for mental retardation, mental health and substance abuse. Its registered office is in Thuin.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0881.229.657
Incorporation: 10/05/2006
Legal form: Private limited company
Registered office: Drève des Alliés(THN) 30
6530 Thuin · WallonieSee on map
Contributed capital: 18 600,00 €
Latest accounts: 31/12/2025

Activities (NACE)

87202Residential care activities for mental retardation, mental health and substance abuse· main 68202Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

Financials

Source · NBB, 15 filings

Trend over 14 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	294 k €	+64.3%	178,9 k €	+6.3%	168,3 k €	+9.8%	153,3 k €	+4.8%	146,3 k €
EBITDA	286,1 k €	+67.1%	171,2 k €	+6.4%	160,9 k €	+9.7%	146,6 k €	+4.9%	139,8 k €
Operating result	240,1 k €	+96.7%	122 k €	+9.2%	111,7 k €	+14.0%	98 k €	+6.1%	92,4 k €
Net result	447,1 k €	+70.2%	262,7 k €	-14.4%	306,9 k €	+4.3%	294,2 k €	+2.2%	287,8 k €
Balance sheet
Equity	2,5 M €	+21.8%	2,1 M €	+14.7%	1,8 M €	-9.7%	2 M €	+17.4%	1,7 M €
Total assets	4,1 M €	+2.1%	4 M €	-2.2%	4,1 M €	-1.2%	4,1 M €	-1.7%	4,2 M €
Cash	6,7 k €	-90.5%	70,2 k €	-20.0%	87,7 k €	-54.0%	190,8 k €	-18.1%	233 k €
Debts	1,6 M €	-18.5%	1,9 M €	-15.4%	2,3 M €	+6.7%	2,2 M €	-14.5%	2,5 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BALTIS1024.843.602Represented by Bultot Gauthier	Directorsince 08/08/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
JOE CASTA0724.681.753Represented by Julien Castagna	Director17/04/2019 → 2019 accounts
MOKTAR BELLATRECHE	Manager16/02/2012 → 2018 accounts

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	10/07/2026	15/05/2025	25/07/2024	07/06/2023	20/06/2022	26/08/2021
General meeting	04/06/2026	18/02/2025	06/06/2024	01/06/2023	02/06/2022	03/06/2021
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, 15 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/06/2026	10/07/2026	French	PDF
Abridged model	31/12/2024	18/02/2025	15/05/2025	French	PDF
Abridged model	31/12/2023	06/06/2024	25/07/2024	French	PDF
Abridged model	31/12/2022	01/06/2023	07/06/2023	French	PDF
Abridged model	31/12/2021	02/06/2022	20/06/2022	French	PDF
Abridged model	31/12/2020	03/06/2021	26/08/2021	French	PDF
Abridged model	31/12/2019	15/07/2020	22/10/2020	French	PDF
Micro model	31/12/2018	06/05/2019	20/08/2019	French	PDF
Micro model	31/12/2017	28/06/2018	29/08/2018	French	PDF
Micro model	31/12/2016	01/06/2017	24/09/2017	French	PDF
Abridged model	31/12/2015	02/06/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	04/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	05/06/2014	27/08/2014	French	PDF
Abridged model	31/12/2012	06/06/2013	29/08/2013	French	PDF
Abridged model	31/03/2007	05/07/2007	09/11/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BALTIS1024.843.602Represented by Bultot Gauthier	Directorsince 08/08/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
JOE CASTA0724.681.753Represented by Julien Castagna	Director17/04/2019 → 2019 accounts
MOKTAR BELLATRECHE	Manager16/02/2012 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates03/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates07/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates03/05/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates27/03/2012
DENOMINATION - OBJET - CAPITAL, ACTIONS - MODIFICATION FORME JURIDIQUE
PDF
Mandates20/07/2011
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates12/06/2009
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other19/05/2006
CONSTITUTION
PDF

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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

Filings14 filings

Mandates

BALTIS

JOE CASTA

MOKTAR BELLATRECHE

200620072008200920102011201220132014201520162017201820192020202120222023202420252026

BELLAM

Drève des Alliés(THN) 30, 6530 Thuin

Director

ManagerDirector

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Drève des Alliés(THN) 30, 6530 ThuinCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00285908

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BELLAMCurrent	accounts 2012 → 2025	Accounts 2025 · 2026-00285908
AXELLE DELHAYE	accounts 2007	Accounts 2007 · 2007-79900098

Events

2025
Annual accounts 2025447,1 k €↑
2024
Annual accounts 2024262,7 k €↓
2023
Annual accounts 2023306,9 k €↑
2022
Annual accounts 2022294,2 k €↑
2021
Annual accounts 2021287,8 k €↓
2019
Annual accounts 20191,1 M €↑
2018
Annual accounts 201840 k €↑
2017
Annual accounts 201730,5 k €↓
2016
Annual accounts 201632,4 k €↑
2015
Annual accounts 201521,4 k €↑
2014
Annual accounts 2014-53,7 k €↓
2013
Annual accounts 201320,1 k €↑
2012
Annual accounts 20124,5 k €↑
2012
Name changeBELLAM
2007
Annual accounts 20073,1 k €
10/05/2006
IncorporationPrivate limited company

BELLAM

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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