ACTIVE

Belfuture

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Financial year 2025 · closed on 31/12/2025
Net result
785,7 k €
+554.1% YoY
Gross margin
3,1 M €
+17.4% YoY
Equity
1,5 M €
-15.2% YoY
Workforce
0,0 ETP

What does Belfuture do?

Belfuture is a Private limited company incorporated in 2007. Its main activity is: Production of electricity. Its registered office is in Merelbeke-Melle.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0891.008.742
Incorporation
23/07/2007
Legal form
Private limited company
Registered office
Neringsweg 2
9820 Merelbeke-Melle · FlandreSee on map
Contributed capital
3 532 575,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
35110Production of electricity· main35110Production of electricity40110Production d'électricité46500Wholesale of information and communication equipment46520Wholesale of electronic and telecommunications equipment and parts46643Wholesale of machinery for the textile industry and of sewing and knitting machines+9
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021201820172016201520142013201220112010200920082007
Income statement
Gross margin3,1 M €2,6 M €3 M €3,7 M €3,1 M €3,4 M €3,1 M €3,2 M €–––––––-21,8 k €-577,7 €
EBITDA3,1 M €2,5 M €3 M €3,7 M €3 M €3,3 M €3,1 M €3,2 M €3,3 M €3,1 M €3 M €3,1 M €3,1 M €1,9 M €111,6 k €-22,5 k €-925,2 €
Operating result1,4 M €751 k €1,3 M €2,1 M €1,3 M €1,5 M €1,2 M €1,4 M €1,5 M €1,3 M €1,2 M €1,2 M €1,3 M €670,2 k €31,5 k €-22,5 k €-1,8 k €
Net result785,7 k €120,1 k €609,4 k €1,1 M €85,9 k €42,2 k €-351,7 k €-399,5 k €-523,7 k €-586,4 k €-860 k €-774,6 k €-613,5 k €-544,4 k €-82 k €-21,3 k €-1,8 k €
Balance sheet
Equity1,5 M €1,8 M €1,8 M €1,2 M €221 k €679,9 k €716 k €1,1 M €1,6 M €2,2 M €2,9 M €3,8 M €4,7 M €5,5 M €6,2 M €-16,9 k €4,4 k €
Total assets11,8 M €12 M €14,1 M €14,9 M €17,1 M €24,6 M €25,5 M €26,6 M €28,4 M €30 M €32,9 M €34,5 M €37,1 M €37,6 M €30,7 M €1,2 M €1,2 M €
Cash3 M €0 €436,9 k €754,8 k €1,2 M €2,7 M €2,3 M €1,7 M €1,7 M €1,8 M €1,6 M €1,5 M €1,7 M €261,3 k €1,2 M €187,2 k €5,8 k €
Debts9,1 M €9,5 M €11,6 M €12,9 M €14,5 M €20,8 M €21,8 M €22,9 M €23,1 M €24,6 M €28,8 M €28 M €31 M €31,3 M €24,1 M €1,2 M €1,2 M €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP––––––––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 24 ended

Active mandates

André Autrand

Director · since 02 juillet 2021

Active
Samuel de Lhoneux

Director · since 02 juillet 2021

Active

Ended mandates

Samuel de Lhonneux

Director · since 02 juillet 2021

Ended
Ernst et Young Reviseurs d'Entreprises

Director · since 04 juin 2021 · until 04 juin 2024 · 0446.334.711

Represented by Klaykens JOERI

Ended
Christophe Vanopbroeke

Mandate · since 07 octobre 2013

Ended
Christophe Vanopbroeke

Director · since 07 octobre 2013 · until 05 août 2021

Ended
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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 date08/06/202624/06/202524/07/202428/06/202305/07/202226/10/2021
General meeting05/06/202606/06/202528/06/202402/06/202303/06/202204/06/2021
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 model31/12/202505/06/202608/06/2026DutchPDF
Abridged model31/12/202406/06/202524/06/2025DutchPDF
Abridged model31/12/202328/06/202424/07/2024DutchPDF
Abridged model31/12/202202/06/202328/06/2023DutchPDF
Abridged model31/12/202103/06/202205/07/2022DutchPDF
Abridged modelCorrection31/12/202004/06/202126/10/2021DutchPDF
Abridged model31/12/202004/06/202105/07/2021DutchPDF
Abridged model31/12/201905/06/202022/07/2020DutchPDF
Abridged model31/12/201807/06/201930/08/2019DutchPDF
Abridged model31/12/201722/06/201831/08/2018DutchPDF
Abridged model31/12/201623/06/201729/08/2017DutchPDF
Full model31/12/201503/06/201615/07/2016DutchPDF
Full model31/12/201405/06/201503/07/2015DutchPDF
Full model31/12/201306/06/201426/08/2014DutchPDF
Full model31/12/201207/06/201324/07/2013DutchPDF
Full model31/12/201108/06/201225/07/2012DutchPDF
Full model31/12/201006/06/201107/06/2011DutchPDF
Full model31/12/200931/05/201001/06/2010DutchPDF
Abridged model31/12/200822/06/200924/07/2009DutchPDF
Abridged model31/12/200706/06/200829/07/2008DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 2 active · 24 ended

Active mandates

André Autrand

Director · since 02 juillet 2021

Active
Samuel de Lhoneux

Director · since 02 juillet 2021

Active

Ended mandates

Samuel de Lhonneux

Director · since 02 juillet 2021

Ended
Ernst et Young Reviseurs d'Entreprises

Director · since 04 juin 2021 · until 04 juin 2024 · 0446.334.711

Represented by Klaykens JOERI

Ended
Christophe Vanopbroeke

Mandate · since 07 octobre 2013

Ended
Christophe Vanopbroeke

Director · since 07 octobre 2013 · until 05 août 2021

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates25/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares04/03/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN
    PDF
  • Mandates11/04/2022
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/09/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/08/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/01/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/03/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/05/2014
    ONTSLAGEN - BENOEMINGEN
    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 2025785,7 k €↑
  2. 2024
    Annual accounts 2024120,1 k €↓
  3. 2023
    Annual accounts 2023609,4 k €↓
  4. 2022
    Annual accounts 20221,1 M €↑
  5. 2021
    Annual accounts 202185,9 k €↑
  6. 2018
    Annual accounts 201842,2 k €↑
  7. 2017
    Annual accounts 2017-351,7 k €↑
  8. 2016
    Annual accounts 2016-399,5 k €↑
  9. 2015
    Annual accounts 2015-523,7 k €↑
  10. 2014
    Annual accounts 2014-586,4 k €↑
  11. 2013
    Annual accounts 2013-860 k €↓
  12. 2012
    Annual accounts 2012-774,6 k €↓
  13. 2011
    Annual accounts 2011-613,5 k €↓
  14. 2010
    Annual accounts 2010-544,4 k €↓
  15. 2009
    Annual accounts 2009-82 k €↓
  16. 2008
    Annual accounts 2008-21,3 k €↓
  17. 2007
    Annual accounts 2007-1,8 k €
  18. 23/07/2007
    IncorporationPrivate limited company