ACTIVE

BEL-MAT

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Financial year 2025 · closed on 31/12/2025

Net result

2,5 k €

+250.4% YoY

Gross margin

3,1 k €

+171.3% YoY

Equity

91,5 k €

+2.8% YoY

What does BEL-MAT do?

BEL-MAT is a Cooperative company with limited liability incorporated in 2006. Its main activity is: Agents involved in the sale of a variety of goods. Its registered office is in Sankt Vith.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0882.948.141

Incorporation

09/08/2006

Legal form

Cooperative company with limited liability

Registered office

Marianusstraße,Emmels 46
4780 Sankt Vith · WallonieSee on map

Contributed capital

32 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

46190Agents involved in the sale of a variety of goods· main 46190Agents involved in the sale of a variety of goods 51190Passenger air transport 46130Agents involved in the sale of timber and building materials 46130Agents involved in the sale of timber and building materials 46140Agents involved in the sale of machinery, industrial equipment, ships and aircraft+9

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	3,1 k €	+171%	1,1 k €	+147%	-2,4 k €	-112%	20,1 k €	+38933%	-51,9 €	-100%	28,2 k €	+149%	11,3 k €	+447%	2,1 k €	-54.8%	4,6 k €	+192%	1,6 k €	-40.9%	2,7 k €	-38.4%	4,3 k €	-91.0%	47,8 k €	-8.9%	52,4 k €	-4.4%	54,8 k €	+42.9%	38,4 k €	-1.4%	38,9 k €	+26.8%	30,7 k €	-9.2%	33,8 k €	+358%	7,4 k €
EBITDA	2,7 k €	+259%	753,2 €	+127%	-2,8 k €	-114%	19,8 k €	+5055%	-399,4 €	-101%	27,9 k €	+154%	11 k €	+537%	1,7 k €	-59.3%	4,2 k €	+143%	1,7 k €	-8.3%	1,9 k €	+134%	-5,6 k €	-553%	-851,1 €	-118%	4,8 k €	-51.8%	9,9 k €	+819%	1,1 k €	+129%	-3,7 k €	+7.9%	-4 k €	-166%	6 k €	+484%	1 k €
Operating result	2,7 k €	+259%	753,2 €	+127%	-2,8 k €	-114%	19,8 k €	+5055%	-399,4 €	-101%	27,9 k €	+154%	11 k €	+537%	1,7 k €	-59.3%	4,2 k €	+157%	1,6 k €	-8.8%	1,8 k €	+132%	-5,7 k €	-489%	-959 €	-122%	4,3 k €	-51.4%	8,9 k €	+3525%	-261 €	+94.8%	-5 k €	+5.8%	-5,3 k €	-150%	10,7 k €	+1191%	826 €
Net result	2,5 k €	+250%	719,9 €	+124%	-3 k €	-121%	14,5 k €	+2035%	-751,2 €	-104%	20,3 k €	+176%	7,3 k €	+423%	1,4 k €	-64.2%	3,9 k €	+116%	1,8 k €	+17.1%	1,5 k €	+127%	-5,7 k €	-584%	-827,7 €	-118%	4,7 k €	-45.7%	8,7 k €	+1274%	632 €	+116%	-4 k €	-27.5%	-3,1 k €	-140%	7,8 k €	+1635%	450 €
Balance sheet
Equity	91,5 k €	+2.8%	89 k €	+0.8%	88,3 k €	-3.3%	91,3 k €	+15.2%	79,2 k €	-0.9%	80 k €	+28.5%	62,2 k €	+13.4%	54,9 k €	-2.0%	56 k €	+7.5%	52,1 k €	-1.3%	52,8 k €	+3.0%	51,2 k €	-10.0%	56,9 k €	+3.0%	55,2 k €	-4.8%	58 k €	+23.9%	46,8 k €	+1.4%	46,2 k €	-3.1%	47,6 k €	+16.9%	40,8 k €	+23.7%	33 k €
Total assets	92,6 k €	-15.6%	109,6 k €	+6.0%	103,5 k €	+7.4%	96,3 k €	+11.6%	86,3 k €	-4.9%	90,8 k €	+38.2%	65,7 k €	+19.4%	55 k €	-2.4%	56,4 k €	+6.2%	53,1 k €	-14.6%	62,2 k €	-2.2%	63,6 k €	-7.7%	68,9 k €	-4.9%	72,5 k €	-31.7%	106,2 k €	+6.4%	99,8 k €	+39.3%	71,6 k €	-1.7%	72,8 k €	+14.6%	63,5 k €	+38.3%	45,9 k €
Cash	87,4 k €	-3.8%	90,9 k €	-11.2%	102,3 k €	+50.1%	68,2 k €	-20.3%	85,5 k €	-2.0%	87,3 k €	+39.7%	62,5 k €	+31.3%	47,6 k €	-6.5%	50,9 k €	+0.2%	50,8 k €	-4.8%	53,3 k €	-10.0%	59,3 k €	-6.0%	63 k €	-7.5%	68,2 k €	-26.0%	92,1 k €	+28.3%	71,8 k €	+13.1%	63,5 k €	+17.9%	53,9 k €	+0.1%	53,8 k €	+45.4%	37 k €
Debts	1 k €	-95.0%	20,6 k €	+35.7%	15,2 k €	+203%	5 k €	-27.9%	6,9 k €	-35.4%	10,7 k €	+217%	3,4 k €	+4940%	67,2 €	-79.9%	334,6 €	-65.7%	976,3 €	-82.6%	5,6 k €	-34.1%	8,5 k €	-28.6%	11,9 k €	-31.0%	17,3 k €	-64.1%	48,2 k €	-9.0%	53 k €	+109%	25,3 k €	+0.9%	25,1 k €	+10.7%	22,7 k €	+225%	7 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		0,1 ETP	-80.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 12 ended

Active mandates

Christine CHERON

Director · since 15 novembre 2017

Active

Axel PIRONT

Chairman of the board of directors · since 19 mars 2012

Active

Albert TYCHON

Director · since 02 août 2006

Active

Giacomo FALZONE

Director · since 02 août 2006

Active

Annie KRINGS

Mandate

Active

Ended mandates

Claude BOULENGER

Director · since 19 mars 2012

Ended

Jean-Luc BRACONNIER

Director · since 02 août 2006

Ended

Albert TYCHON

Mandate

Ended

Albert TYCHON

Director

Ended

At this address

Other companies at this address

Company	CBE no.
BAUSTOFFE A. PIRONT● Active	0440.745.234
HEIZÖL PIRONT● Active	0428.303.104
VVH PIRONT● Active	0807.280.817

Annual accounts

Full financial information

	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	24/07/2026	25/08/2025	08/08/2024	07/08/2023	04/08/2022	31/08/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	03/06/2023	04/06/2022	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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	24/07/2026	German	PDF
Abridged model	31/12/2024	27/06/2025	25/08/2025	German	PDF
Abridged model	31/12/2023	28/06/2024	08/08/2024	German	PDF
Abridged model	31/12/2022	03/06/2023	07/08/2023	German	PDF
Abridged model	31/12/2021	04/06/2022	04/08/2022	German	PDF
Abridged model	31/12/2020	05/06/2021	31/08/2021	German	PDF
Abridged model	31/12/2019	06/06/2020	08/09/2020	German	PDF
Abridged model	31/12/2018	01/06/2019	22/08/2019	German	PDF
Abridged model	31/12/2017	02/06/2018	02/08/2018	German	PDF
Abridged model	31/12/2016	03/06/2017	21/08/2017	German	PDF
Abridged model	31/12/2015	04/06/2016	21/07/2016	German	PDF
Abridged model	31/12/2014	06/06/2015	13/08/2015	German	PDF
Abridged model	31/12/2013	07/06/2014	06/08/2014	German	PDF
Abridged model	31/12/2012	01/06/2013	13/08/2013	German	PDF
Abridged model	31/12/2011	07/06/2012	02/07/2012	French	PDF
Abridged model	31/12/2010	24/06/2011	29/06/2011	French	PDF
Abridged model	31/12/2009	21/06/2010	20/07/2010	French	PDF
Abridged model	31/12/2008	26/06/2009	23/07/2009	French	PDF
Abridged model	31/12/2007	27/06/2008	01/07/2008	French	PDF
Abridged model	31/12/2006	22/06/2007	03/07/2007	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 12 ended

Active mandates

Christine CHERON

Director · since 15 novembre 2017

Active

Axel PIRONT

Chairman of the board of directors · since 19 mars 2012

Active

Albert TYCHON

Director · since 02 août 2006

Active

Giacomo FALZONE

Director · since 02 août 2006

Active

Annie KRINGS

Mandate

Active

Ended mandates

Claude BOULENGER

Director · since 19 mars 2012

Ended

Jean-Luc BRACONNIER

Director · since 02 août 2006

Ended

Albert TYCHON

Mandate

Ended

Albert TYCHON

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/12/2023
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates20/12/2017
Démission / Nomination d'un administrateur
PDF
Mandates05/06/2012
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Other21/08/2006
Constitution
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 20252,5 k €↑
2024
Annual accounts 2024719,9 €↑
2023
Annual accounts 2023-3 k €↓
2022
Annual accounts 202214,5 k €↑
2021
Annual accounts 2021-751,2 €↓
2020
Annual accounts 202020,3 k €↑
2019
Annual accounts 20197,3 k €↑
2018
Annual accounts 20181,4 k €↓
2017
Annual accounts 20173,9 k €↑
2016
Annual accounts 20161,8 k €↑
2015
Annual accounts 20151,5 k €↑
2014
Annual accounts 2014-5,7 k €↓
2013
Annual accounts 2013-827,7 €↓
2012
Annual accounts 20124,7 k €↓
2011
Annual accounts 20118,7 k €↑
2010
Annual accounts 2010632 €↑
2009
Annual accounts 2009-4 k €↓
2008
Annual accounts 2008-3,1 k €↓
2007
Annual accounts 20077,8 k €↑
2006
Annual accounts 2006450 €
09/08/2006
IncorporationCooperative company with limited liability

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

BEL-MAT

Overview

What does BEL-MAT do?

Trend over 20 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