NORMAL SITUATION

BELGATECH ENGINEERING SERVICES

Financial year 2023 · closed on 31/12/2023
Net result
660,3 k €
-2.0% YoY
Revenue
11,5 M €
+3.4% YoY
Equity
4,2 M €
+18.5% YoY
Workforce
73,8 ETP
-26.9% YoY

Company — Normal situation.

What does BELGATECH ENGINEERING SERVICES do?

BELGATECH ENGINEERING SERVICES is a company registered in Belgium. It employs on average 73,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0894.447.589
Legal form
Private company with limited liability
Contributed capital
18 600,00 €
Latest accounts
31/12/2023
Average workforce
73,8 ETP
Joint committees (2)
  • 200
  • 218
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202320222021201920182017201620152014201320122011201020092008
Income statement
Revenue11,5 M €11,2 M €11,3 M €9,7 M €7,3 M €8,7 M €10,6 M €10,9 M €11 M €
EBITDA1,1 M €1,2 M €1,1 M €796,6 k €336,7 k €524,1 k €1 M €818,3 k €1,2 M €533,6 k €787,1 k €752,5 k €341,1 k €291,5 k €23,9 k €
Operating result1,1 M €1,1 M €1,1 M €766,7 k €300,6 k €482,6 k €946 k €750,2 k €1,1 M €491,6 k €746,5 k €657,1 k €334 k €286,3 k €20,1 k €
Net result660,3 k €674,1 k €635,1 k €413,8 k €92,4 k €160 k €440,4 k €271,9 k €597 k €168,3 k €382,8 k €368,9 k €183 k €172,4 k €11,1 k €
Balance sheet
Equity4,2 M €3,6 M €2,9 M €2,2 M €1,7 M €1,7 M €2 M €1,6 M €1,3 M €806,3 k €688 k €405,2 k €316,3 k €192,1 k €29,7 k €
Total assets6,1 M €5,8 M €5,3 M €4,9 M €3,5 M €3,7 M €5 M €4,5 M €3,9 M €3 M €2,3 M €1,5 M €958,1 k €415,6 k €227,3 k €
Cash372,6 k €377,5 k €554,1 k €573,5 k €959,6 k €1,1 M €1,6 M €1,2 M €592,2 k €894,1 k €339,7 k €45,2 k €117,3 k €215,3 k €58,5 k €
Debts1,8 M €2,2 M €2,4 M €2,6 M €1,7 M €1,9 M €2,8 M €2,7 M €2,5 M €2,2 M €1,6 M €1,1 M €641,8 k €223,5 k €197,7 k €
Other
Workforce73,8 ETP100,9 ETP114,8 ETP99,1 ETP89,9 ETP109,5 ETP133,3 ETP139,6 ETP138,6 ETP113,8 ETP77,8 ETP49,1 ETP40,0 ETP13,9 ETP3,9 ETP
Governance

Board of directors

Seen on filing of 31/12/2023 · 4 active · 21 ended

Active mandates

Frédéric Sigel

Manager · since 20 avril 2018 · until 28 juin 2024

Active
House of HR

Manager · since 20 avril 2018 · until 28 juin 2024 · 0643.887.978

Represented by Florian Massaux

Active
House of HR

Manager · since 20 avril 2018 · until 28 juin 2024 · 0643.887.978

Represented by Rika Coppens

Active
NEWCO ABYLSEN SAS

Manager · since 20 avril 2018 · until 28 juin 2024

Represented by Florian Massaux

Active

Ended mandates

ABYLSEN BELGIUM

Manager · since 20 avril 2018 · until 03 juin 2024 · 0841.565.664

Represented by Florian Massaux

Ended
ABYLSEN BELGIUM

Director · since 20 avril 2018 · until 03 juin 2024 · 0841.565.664

Represented by Andres CANO

Ended
ABYLSEN BELGIUM

Manager · since 20 avril 2018 · until 01 juin 2024 · 0841.565.664

Represented by Andres CANO

Ended
FREDERIC SIGEL

Manager · since 20 avril 2018 · until 03 juin 2024 · 0829.437.397

Represented by Frédéric SIGEL

Ended
Annual accounts

Full financial information

202320222021202020192018
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202301/01/202201/01/202101/01/202001/01/201901/01/2018
Closing of the financial year31/12/202331/12/202231/12/202131/12/202031/12/201931/12/2018
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date05/07/202428/06/202301/07/202225/06/202106/05/202019/06/2019
General meeting28/06/202422/06/202301/06/202201/06/202104/05/202001/06/2019
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

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202328/06/202405/07/2024FrenchPDF
Full model31/12/202222/06/202328/06/2023FrenchPDF
Full model31/12/202101/06/202201/07/2022FrenchPDF
Full model31/12/202001/06/202125/06/2021FrenchPDF
Full model31/12/201904/05/202006/05/2020FrenchPDF
Full model31/12/201801/06/201919/06/2019FrenchPDF
Full model31/12/201720/04/201826/04/2018FrenchPDF
Full model31/12/201613/06/201722/06/2017FrenchPDF
Full model31/12/201513/06/201617/06/2016FrenchPDF
Full model31/12/201423/06/201501/07/2015FrenchPDF
Abridged model31/12/201301/06/201405/08/2014FrenchPDF
Abridged model31/12/201211/03/201326/03/2013FrenchPDF
Abridged model31/12/201101/06/201213/06/2012FrenchPDF
Abridged model31/12/201001/06/201115/06/2011FrenchPDF
Abridged model31/12/200915/03/201026/05/2010FrenchPDF
Abridged model31/12/200802/06/200923/06/2009FrenchPDF
Estimate

Indicative valuation

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 31/12/2023 · 4 active · 21 ended

Active mandates

Frédéric Sigel

Manager · since 20 avril 2018 · until 28 juin 2024

Active
House of HR

Manager · since 20 avril 2018 · until 28 juin 2024 · 0643.887.978

Represented by Florian Massaux

Active
House of HR

Manager · since 20 avril 2018 · until 28 juin 2024 · 0643.887.978

Represented by Rika Coppens

Active
NEWCO ABYLSEN SAS

Manager · since 20 avril 2018 · until 28 juin 2024

Represented by Florian Massaux

Active

Ended mandates

ABYLSEN BELGIUM

Manager · since 20 avril 2018 · until 03 juin 2024 · 0841.565.664

Represented by Florian Massaux

Ended
ABYLSEN BELGIUM

Director · since 20 avril 2018 · until 03 juin 2024 · 0841.565.664

Represented by Andres CANO

Ended
ABYLSEN BELGIUM

Manager · since 20 avril 2018 · until 01 juin 2024 · 0841.565.664

Represented by Andres CANO

Ended
FREDERIC SIGEL

Manager · since 20 avril 2018 · until 03 juin 2024 · 0829.437.397

Represented by Frédéric SIGEL

Ended
Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2023
    Annual accounts 2023660,3 k €
  2. 2022
    Annual accounts 2022674,1 k €
  3. 2021
    Annual accounts 2021635,1 k €
  4. 2019
    Annual accounts 2019413,8 k €
  5. 2018
    Annual accounts 201892,4 k €
  6. 2017
    Annual accounts 2017160 k €
  7. 2016
    Annual accounts 2016440,4 k €
  8. 2015
    Annual accounts 2015271,9 k €
  9. 2014
    Annual accounts 2014597 k €
  10. 2013
    Annual accounts 2013168,3 k €
  11. 2012
    Annual accounts 2012382,8 k €
  12. 2011
    Annual accounts 2011368,9 k €
  13. 2010
    Annual accounts 2010183 k €
  14. 2009
    Annual accounts 2009172,4 k €
  15. 2008
    Annual accounts 200811,1 k €