ACTIVE

INTERBELLUM

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Financial year 2025 · closed on 31/12/2025

Net result

1,5 k €

-96.4% YoY

Gross margin

65,7 k €

-66.9% YoY

Equity

132,2 k €

+1.1% YoY

Workforce

0,0 ETP

-100.0% YoY

What does INTERBELLUM do?

INTERBELLUM is a Private limited company incorporated in 2007. Its registered office is in Halle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0891.523.337

Incorporation

21/08/2007

Legal form

Private limited company

Registered office

Grote Markt 29
1500 Halle · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	65,7 k €	-66.9%	198,6 k €	-55.0%	441,1 k €	-14.9%	518,5 k €	+22.7%	422,5 k €	+8.8%	388,3 k €	+8.7%	357,2 k €	-3.0%	368,4 k €	+19.8%	307,6 k €	-0.6%	309,6 k €	+0.6%	307,8 k €	-21.9%	394,3 k €	-0.9%	397,9 k €	+5.7%	376,3 k €	+30.7%	288 k €	+19.6%	240,8 k €
EBITDA	31,5 k €	-57.2%	73,5 k €	+211%	23,6 k €	-46.0%	43,8 k €	-61.9%	114,8 k €	+83.7%	62,5 k €	+19.8%	52,2 k €	+18.9%	43,9 k €	+21.8%	36 k €	-33.1%	53,8 k €	+262%	-33,3 k €	-188%	37,9 k €	-66.6%	113,2 k €	+11.1%	101,9 k €	+189%	35,2 k €	+236%	10,5 k €
Operating result	9,2 k €	-82.1%	51,4 k €	+305%	-25,1 k €	-209%	-8,1 k €	-111%	71,9 k €	+75.7%	40,9 k €	+50.9%	27,1 k €	+73.5%	15,6 k €	+13.1%	13,8 k €	-32.6%	20,5 k €	+129%	-70,4 k €	-5280%	1,4 k €	-98.2%	76,5 k €	+20.8%	63,3 k €	+205%	20,8 k €	+840%	2,2 k €
Net result	1,5 k €	-96.4%	40,2 k €	+216%	-34,7 k €	-133%	-14,9 k €	-127%	55,3 k €	+89.5%	29,2 k €	+91.5%	15,2 k €	+920%	1,5 k €	+49.1%	1 k €	-86.5%	7,4 k €	+109%	-86,1 k €	-320%	-20,5 k €	-144%	46,6 k €	+29.9%	35,9 k €	+425%	6,8 k €	+789%	767,3 €
Balance sheet
Equity	132,2 k €	+1.1%	130,8 k €	+43.3%	91,3 k €	-27.6%	126 k €	-10.6%	140,9 k €	+381%	29,3 k €	+25094%	116,3 €	+101%	-15,1 k €	+9.0%	-16,6 k €	+5.7%	-17,6 k €	+29.6%	-25 k €	-141%	61,1 k €	-25.1%	81,6 k €	+73.5%	47 k €	+79.6%	26,2 k €	+35.2%	19,4 k €
Total assets	267,6 k €	-8.4%	292,1 k €	-22.8%	378,6 k €	-16.8%	454,9 k €	+8.5%	419,2 k €	+132%	181,1 k €	-8.5%	197,9 k €	-12.7%	226,8 k €	-4.1%	236,5 k €	+67.7%	141 k €	-21.9%	180,5 k €	-15.7%	214,2 k €	-29.3%	302,9 k €	+4.9%	288,8 k €	+37.5%	210,1 k €	+88.2%	111,6 k €
Cash	6,2 k €	+197%	2,1 k €	-90.6%	22,3 k €	+5.6%	21,1 k €	+252%	6 k €	-60.4%	15,2 k €	-42.8%	26,5 k €	+72.3%	15,4 k €	-1.5%	15,6 k €	+0.4%	15,6 k €	-38.9%	25,5 k €	+956%	2,4 k €	-95.1%	48,8 k €	+82.6%	26,7 k €	-14.2%	31,2 k €	+287%	8,1 k €
Debts	135,1 k €	-16.3%	161,3 k €	-43.8%	287,3 k €	-12.6%	328,9 k €	+18.2%	278,3 k €	+84.1%	151,1 k €	-23.4%	197,2 k €	-18.5%	241,9 k €	-4.4%	253,1 k €	+59.5%	158,6 k €	-22.8%	205,5 k €	+34.3%	153,1 k €	-29.2%	216,2 k €	-6.7%	231,8 k €	+27.1%	182,4 k €	+105%	89,1 k €
Other
Workforce	0,0 ETP	-100%	2,5 ETP	-63.2%	6,8 ETP	-32.0%	10,0 ETP		–		6,4 ETP	+12.3%	5,7 ETP	+14.0%	5,0 ETP	-16.7%	6,0 ETP	0.0%	6,0 ETP	-14.3%	7,0 ETP	-24.7%	9,3 ETP	+1.1%	9,2 ETP	+2.2%	9,0 ETP	+8.4%	8,3 ETP	+31.7%	6,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 12 ended

Active mandates

Andy DE BROUWER CONSULTING

Manager · since 01 juillet 2011 · 0836.746.843

Represented by Andy DE BROUWER

Active

Ended mandates

Nico Corbesier

Manager · since 01 février 2015 · until 15 novembre 2015

Ended

Nico Corbesier

Manager · since 01 février 2015

Ended

Andy DE BROUWER CONSULTING

Director · since 01 juillet 2011 · 0836.746.843

Represented by De BROUWER ANDY

Ended

Andy DE BROUWER CONSULTING

Manager · since 01 juillet 2011 · 0836.746.843

Represented by Andy De Brouwer

Ended

At this address

Other companies at this address

Company	CBE no.
Andy DE BROUWER CONSULTING● Active	0836.746.843
Fraponi● Active	0550.707.107

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	31/07/2026	23/06/2025	01/07/2024	22/06/2023	27/06/2022	12/08/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/06/2023	20/06/2022	15/06/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	16/06/2026	31/07/2026	Dutch	PDF
Abridged model	31/12/2024	17/06/2025	23/06/2025	Dutch	PDF
Abridged model	31/12/2023	18/06/2024	01/07/2024	Dutch	PDF
Abridged model	31/12/2022	20/06/2023	22/06/2023	Dutch	PDF
Abridged model	31/12/2021	20/06/2022	27/06/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	12/08/2021	Dutch	PDF
Abridged model	31/12/2019	16/06/2020	24/08/2020	Dutch	PDF
Abridged model	31/12/2018	18/06/2019	25/06/2019	Dutch	PDF
Abridged model	31/12/2017	19/06/2018	03/07/2018	Dutch	PDF
Abridged model	31/12/2016	20/06/2017	03/07/2017	Dutch	PDF
Abridged model	31/12/2015	21/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	16/06/2015	08/07/2015	Dutch	PDF
Abridged model	31/12/2013	17/06/2014	30/07/2014	Dutch	PDF
Abridged model	31/12/2012	18/06/2013	21/08/2013	Dutch	PDF
Abridged model	31/12/2011	04/04/2012	05/07/2012	Dutch	PDF
Abridged model	31/12/2010	21/06/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	30/06/2010	Dutch	PDF
Abridged model	31/12/2008	16/06/2009	23/06/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 active · 12 ended

Active mandates

Andy DE BROUWER CONSULTING

Manager · since 01 juillet 2011 · 0836.746.843

Represented by Andy DE BROUWER

Active

Ended mandates

Nico Corbesier

Manager · since 01 février 2015 · until 15 novembre 2015

Ended

Nico Corbesier

Manager · since 01 février 2015

Ended

Andy DE BROUWER CONSULTING

Director · since 01 juillet 2011 · 0836.746.843

Represented by De BROUWER ANDY

Ended

Andy DE BROUWER CONSULTING

Manager · since 01 juillet 2011 · 0836.746.843

Represented by Andy De Brouwer

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office24/09/2024
Verplaatsing maatschappelijke zetel + speciaal mandaat
PDF
Mandates05/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/12/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/01/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/06/2009
BENAMING - 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

2025
Annual accounts 20251,5 k €↓
2024
Annual accounts 202440,2 k €↑
2023
Annual accounts 2023-34,7 k €↓
2023
Name changeInterbellum
2022
Annual accounts 2022-14,9 k €↓
2021
Annual accounts 202155,3 k €↑
2018
Annual accounts 201829,2 k €↑
2017
Annual accounts 201715,2 k €↑
2016
Annual accounts 20161,5 k €↑
2015
Annual accounts 20151 k €↓
2014
Annual accounts 20147,4 k €↑
2013
Annual accounts 2013-86,1 k €↓
2012
Annual accounts 2012-20,5 k €↓
2011
Annual accounts 201146,6 k €↑
2010
Annual accounts 201035,9 k €↑
2009
Annual accounts 20096,8 k €↑
2008
Annual accounts 2008767,3 €
2008
Name changeRestaurant Les Eleveurs
21/08/2007
IncorporationPrivate limited company

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

INTERBELLUM

Overview

What does INTERBELLUM do?

Trend over 16 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