BELSTER
0882.404.941 · rovalta.com · 24/09/2026
ACTIVE
BELSTER
Financial year 2024 · closed on 30/12/2024
Net result
112,9 k €
+82.9% YoY
Gross margin
184,8 k €
+143.4% YoY
Equity
389,7 k €
+40.8% YoY
Overview
What does BELSTER do?
BELSTER is a Private limited company incorporated in 2006. Its registered office is in Aartselaar.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0882.404.941
Incorporation
06/07/2006
Legal form
Private limited company
Registered office
Kleistraat 48
2630 Aartselaar · FlandreSee on map
2630 Aartselaar · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
30/12/2024
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 15 financial years
| 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||
| Gross margin | 184,8 k € | +143% | 75,9 k € | +87.3% | 40,5 k € | +368% | -15,1 k € | +79.7% | -74,4 k € | -135% | 214,9 k € | +365% | -81,2 k € | -100% | -40,6 k € | +22.8% | -52,6 k € | -153% | 99,8 k € | -15.0% | 117,5 k € | -6.2% | 125,2 k € | +13.7% | 110,2 k € | +25.8% | 87,5 k € | +14.6% | 76,4 k € |
| EBITDA | 183,3 k € | +146% | 74,6 k € | +88.5% | 39,6 k € | +347% | -16,1 k € | +79.1% | -76,8 k € | -136% | 214 k € | +359% | -82,5 k € | -98.4% | -41,6 k € | +23.3% | -54,2 k € | -155% | 98,3 k € | -15.4% | 116,1 k € | -4.8% | 121,9 k € | +26.1% | 96,7 k € | +59.1% | 60,8 k € | +17.1% | 51,9 k € |
| Operating result | 163,5 k € | +174% | 59,6 k € | +50.7% | 39,6 k € | +347% | -16,1 k € | +82.3% | -90,6 k € | -146% | 197,2 k € | +298% | -99,4 k € | -70.2% | -58,4 k € | +15.8% | -69,3 k € | -173% | 95,1 k € | -17.7% | 115,5 k € | -3.3% | 119,4 k € | +45.7% | 82 k € | +77.7% | 46,1 k € | +18.0% | 39,1 k € |
| Net result | 112,9 k € | +82.9% | 61,7 k € | +30.8% | 47,2 k € | +499% | -11,8 k € | +86.2% | -85,8 k € | -143% | 197,7 k € | +323% | -88,7 k € | -68.6% | -52,6 k € | +33.0% | -78,6 k € | -215% | 68,5 k € | -20.7% | 86,4 k € | +1.3% | 85,3 k € | +47.8% | 57,7 k € | +90.4% | 30,3 k € | +6.8% | 28,4 k € |
| Balance sheet | |||||||||||||||||||||||||||||
| Equity | 389,7 k € | +40.8% | 276,8 k € | +28.7% | 215,1 k € | +28.1% | 167,9 k € | -14.3% | 196 k € | -30.5% | 281,8 k € | +184% | 99,1 k € | -47.2% | 187,9 k € | -21.9% | 240,5 k € | -24.6% | 319,2 k € | +27.3% | 250,6 k € | +52.6% | 164,2 k € | +108% | 78,9 k € | +272% | 21,2 k € | -77.6% | 94,7 k € |
| Total assets | 391,7 k € | -4.6% | 410,6 k € | +20.5% | 340,8 k € | +14.8% | 296,9 k € | -5.3% | 313,5 k € | -35.0% | 482,3 k € | +115% | 224,3 k € | -27.2% | 308 k € | -15.2% | 363,2 k € | -19.2% | 449,6 k € | +19.2% | 377,1 k € | +26.2% | 298,8 k € | +46.5% | 204 k € | +22.1% | 167,1 k € | -9.4% | 184,4 k € |
| Cash | 10,2 k € | -70.6% | 34,6 k € | +46.9% | 23,6 k € | -27.4% | 32,5 k € | -80.1% | 163,2 k € | -49.3% | 321,7 k € | +1918% | 15,9 k € | -81.4% | 85,7 k € | -30.8% | 123,9 k € | -43.2% | 218,2 k € | +56.9% | 139,1 k € | +45.7% | 95,5 k € | +11.5% | 85,6 k € | +90.3% | 45 k € | -25.3% | 60,2 k € |
| Debts | 2 k € | -87.8% | 16,5 k € | +97.1% | 8,4 k € | -16.3% | 10 k € | +4274% | 229,2 € | -99.7% | 83,2 k € | +1129% | 6,8 k € | +136% | 2,9 k € | -6.2% | 3,1 k € | -62.1% | 8,1 k € | -11.6% | 9,1 k € | -46.2% | 17 k € | +126% | 7,5 k € | -80.9% | 39,3 k € | +392% | 8 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 500 k€ and 1 M€
See the valuationGovernance
Board of directors
Seen on filing of 30/12/2024 · 1 active · 3 ended
Active mandates
Christoffel Belien
ActiveEnded mandates
Chris Belien
EndedChris Beliën
EndedChris Beliën
EndedFinancials
Annual accounts
Full financial information
| 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro model |
| Start of the financial year | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2018 | 31/12/2017 |
| Closing of the financial year | 30/12/2024 | 30/12/2023 | 30/12/2022 | 30/12/2021 | 30/12/2019 | 30/12/2018 |
| Length of the financial year | 13 months | 13 months | 13 months | 13 months | 13 months | 13 months |
| Filing date | 30/08/2025 | 04/09/2024 | 29/08/2023 | 30/08/2022 | 13/03/2021 | 06/08/2019 |
| General meeting | 02/06/2025 | 01/06/2024 | 01/06/2023 | 01/06/2022 | 01/06/2020 | 01/06/2019 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
18 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 30/12/2024 | 02/06/2025 | 30/08/2025 | Dutch | |
| Micro model | 30/12/2023 | 01/06/2024 | 04/09/2024 | Dutch | |
| Micro model | 30/12/2022 | 01/06/2023 | 29/08/2023 | Dutch | |
| Micro model | 30/12/2021 | 01/06/2022 | 30/08/2022 | Dutch | |
| Micro model | 30/12/2019 | 01/06/2020 | 13/03/2021 | Dutch | |
| Micro model | 30/12/2018 | 01/06/2019 | 06/08/2019 | Dutch | |
| Micro model | 30/12/2017 | 01/06/2018 | 20/08/2018 | Dutch | |
| Abridged model | 30/12/2016 | 01/06/2017 | 29/06/2017 | Dutch | |
| Abridged model | 30/12/2015 | 01/06/2016 | 14/06/2016 | Dutch | |
| Abridged model | 30/12/2014 | 01/06/2015 | 30/07/2015 | Dutch | |
| Abridged model | 30/12/2013 | 01/06/2014 | 22/07/2014 | Dutch | |
| Abridged model | 30/12/2012 | 01/06/2013 | 25/06/2013 | Dutch | |
| Abridged model | 30/12/2011 | 18/06/2012 | 16/07/2012 | Dutch | |
| Abridged model | 30/12/2010 | 01/06/2011 | 18/08/2011 | Dutch | |
| Abridged model | 30/12/2009 | 01/06/2010 | 03/08/2010 | Dutch | |
| Abridged model | 30/12/2008 | 01/06/2009 | 11/09/2009 | Dutch | |
| Abridged model | 30/12/2007 | 01/06/2008 | 06/08/2008 | Dutch | |
| Abridged model | 30/12/2006 | 01/06/2007 | 30/08/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 500 k€ and 1 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/12/2024 · 1 active · 3 ended
Active mandates
Christoffel Belien
ActiveEnded mandates
Chris Belien
EndedChris Beliën
EndedChris Beliën
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2024Annual accounts 2024112,9 k €↑
- 2023Annual accounts 202361,7 k €↑
- 2022Annual accounts 202247,2 k €↑
- 2021Annual accounts 2021-11,8 k €↑
- 2019Annual accounts 2019-85,8 k €↓
- 2018Annual accounts 2018197,7 k €↑
- 2017Annual accounts 2017-88,7 k €↓
- 2016Annual accounts 2016-52,6 k €↑
- 2015Annual accounts 2015-78,6 k €↓
- 2014Annual accounts 201468,5 k €↓
- 2013Annual accounts 201386,4 k €↑
- 2012Annual accounts 201285,3 k €↑
- 2011Annual accounts 201157,7 k €↑
- 2010Annual accounts 201030,3 k €↑
- 2009Annual accounts 200928,4 k €
- 06/07/2006IncorporationPrivate limited company