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BEL

Active Public limited companyfounded 1992active for 34 yearsArmand Hertzstraat 52, 3500 HasseltKBO/BCE: BE 0448.094.468
BEL
Financial year 2025
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Annual accounts 2025

micro format, filed on 28-08-2026, 28 days late
€7,921
▲ 34.5%
€1,373
▲ €2,274
€287
▼ 91.9%
€190,530
▼ 10.9%
90.3%
▲ 17.6 percentage points
6.26
▲ 3.56

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €59,000. Estimated: probably between €27,000 and €140,000.

Balance sheet

balance sheet total €372,199 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 372,199461,862507,266240,664229,834238,933236,124218,938210,381218,646223,284202,841197,819213,827225,139231,591267,821227,169223,863232,784
21/28 145,440121,811121,811209,531186,514180,066175,840158,909156,078157,574165,856169,136181,918194,700206,859221,196259,491214,240221,118227,996
22/27 145,068121,439121,439209,159186,142179,694175,469158,537155,707157,202165,484168,764181,546194,328206,487220,825210,162164,910171,788178,667
22 145,068121,439121,439133,439135,439137,439139,623141,807143,990151,072158,153165,234172,316179,397188,275197,154206,032164,910171,788178,667
23 ------------5,00010,00015,00020,000----
24 ----3,3204,986--------------
26 ---75,72047,38337,26935,84616,73011,7166,1307,3323,5304,2304,9313,2123,6714,130---
28 37237237237237237237237237237237237237237237237249,33049,33049,33049,330
29/58 226,759340,051385,45531,13343,32158,86760,28460,03054,30361,07257,42833,70615,90119,12718,28010,3958,33012,9302,7454,788
29 57,000-------------------
291 57,000-------------------
40/41 38170,50082,72521,97038,27138,27143,27142,49141,64138,42127,90124,5717,3407,3332,176---239513
40 381-----------------239513
41 -70,50082,72521,97038,27138,27143,27142,49141,64138,42127,90124,5717,3407,3332,176-----
50/53 --200,000-----------------
54/58 167,243269,551102,7309,1635,05020,59617,01317,53811,85718,43121,0877,0218,5616,26813,9949,9737,95812,5392751,239
490/1 2,134-------8054,2208,4402,113-5,5252,1104223723912,2313,036
Balance sheet: equity and liabilities
10/49 372,199461,862507,266240,664229,834238,933236,124218,938210,381218,646223,284202,841197,819213,827225,139231,591267,821227,169223,863232,784
10/15 335,971335,684332,143196,540215,565232,143223,519215,384207,681202,639190,047172,248161,884152,303143,365132,995126,523124,491117,816111,654
10/11 84,28484,28484,28484,28484,28484,28484,28484,28484,28484,28484,28484,28484,28484,28484,28484,28484,28484,28484,28484,284
10 84,28484,28484,28484,28484,284---------------
100 84,28484,28484,28484,28484,28484,28484,28484,28484,28484,28484,28484,28484,28484,28484,28484,28484,28484,28484,28484,284
13 251,687251,400247,859147,859147,859147,859139,235131,100123,397118,355105,76387,96477,60068,02059,08148,71142,24040,20733,53227,370
130/1 8,4288,4288,4288,4288,4288,428--------------
130 8,4288,4288,4288,4288,4288,4288,4288,4288,4288,4288,4288,4288,4288,4288,4288,4288,4288,4286,0005,000
133 243,258242,972239,431139,431139,431139,431130,807122,671114,969109,92797,33579,53669,17259,59150,65340,28333,81131,77927,53222,370
14 ----35,602-16,578---------------
17/49 36,229126,178175,12344,12314,2696,79012,6063,5552,70016,00733,23730,59435,93561,52381,77498,596141,298102,679106,047121,130
17 ---33,9666,770--------11,87630,47648,24941,189--9,239
170/4 ---33,9666,770--------11,87630,47648,24941,189--9,239
42/48 36,229126,178175,12310,1577,4996,79012,6063,5552,70016,00733,23730,59335,93549,64751,29848,21695,31497,624101,677108,649
42 ---3,862--------11,87618,60017,77316,98310,590-9,23917,662
44 3,6402461,6966,2954,379-5,380-3919753471,6202361,9587511,6585,223-2,957473
440/4 3,6402461,6966,2954,379-5,380-3919753471,6202361,9587511,6585,223-2,957473
45 1,21479,68679,563-3,1196,7907,2253,5552,30915,03214,08110,1635,01510,2808,9654,6015,2157,6843,6267,547
450/3 1,21479,68679,563-3,1196,7907,2253,5552,30915,03214,08110,1635,01510,2808,9654,6015,2157,6843,6267,547
47/48 31,37546,24693,864-------18,80918,80918,80918,80923,80924,97374,28589,94085,85582,968
492/3 -----------1---2,1314,7945,0554,3703,242
Income statement
76A --337,2808,182----------------
9900 7,9215,891346,1875,6222,57628,36032,32126,37524,75335,63142,64036,78137,55438,39940,28035,46128,86027,20026,28428,364
630 512--11,8529,3746,89111,8216,5409,0378,2838,28312,78212,78214,57914,33714,33715,0026,8786,8786,878
640/8 6,0366,79210,31310,2709,3969,6838,6558,5398,3298,6237,5958,2489,1208,2737,3806,6024,4214,3314,0564,054
9901 1,373-901335,874-16,501-16,19411,78511,84511,2977,38718,72526,76215,75015,65215,54618,56314,5229,43715,99115,35017,432
75/76B 506,590-3-------719171425-523
75 506,590-3-------719171425-523
65/66B 45481,5732,5273844239393633312431,0721,8632,6844,6286,2475,2625,5645,504
65 45481,5732,5273844239393633312431,0721,8632,6844,6286,2475,2625,5645,504
9903 1,3785,641334,301-19,025-16,57811,74311,80611,2587,35118,69226,73115,51514,59913,70015,8939,9193,19010,7339,78811,931
67/77 1,0912,10079,563--3,1193,6713,5552,3096,1008,9325,1515,0184,7615,5243,4471,1574,0593,6264,329
9904 2873,541254,738-19,025-16,5788,6248,1357,7035,04212,59217,80010,3649,5808,93910,3706,4722,0326,6756,1627,602
9905 2873,541254,738-19,025-16,5788,6248,1357,7035,04212,59217,80010,3649,5808,93910,3706,4722,0326,6756,1627,602
Appropriation of the result
9906 2873,541219,135-35,602-16,5788,6248,1357,7035,04212,59217,80010,3649,5808,93910,3706,4722,0326,6756,1627,602
14P ---35,602-16,578----------------
691/2 2873,541100,000--8,6248,1357,7035,04212,59217,80010,3649,5808,93910,3706,4722,0326,6756,1627,602
6920 -----------------2,4281,0001,000
6921 2873,541100,000--8,6248,1357,7035,04212,59217,80010,3649,5808,93910,3706,4722,0324,2465,1626,602
694/7 --119,135-----------------
694 --119,135-----------------
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The accounts for 13 older financial years (1993-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00497787.

Financial year Type Filed Reference Document
31-12-2025 micro format 28-08-2026 2026-00497787 PDF
31-12-2024 micro format 29-08-2025 2025-00442095 PDF
31-12-2023 micro format 07-10-2024 2024-00496496 PDF
31-12-2022 micro format 31-08-2023 2023-00435567 PDF
31-12-2021 micro format 28-07-2022 2022-20246792 PDF
31-12-2020 micro format 31-08-2021 2021-65600054 PDF
31-12-2019 micro format 31-08-2020 2020-50000601 PDF
31-12-2018 micro format 30-08-2019 2019-60500554 PDF
31-12-2017 micro format 21-09-2018 2018-64400470 PDF
31-12-2016 micro format 30-08-2017 2017-58700309 PDF
31-12-2015 abbreviated format 25-08-2016 2016-49000059 PDF
31-12-2014 abbreviated format 28-08-2015 2015-49900428 PDF
31-12-2013 abbreviated format 27-08-2014 2014-48100571 PDF
31-12-2012 abbreviated format 28-08-2013 2013-48400316 PDF
31-12-2011 abbreviated format 08-08-2012 2012-38900408 PDF
31-12-2010 abbreviated format 30-06-2011 2011-24200189 PDF
31-12-2009 abbreviated format 30-07-2010 2010-36800043 PDF
31-12-2008 abbreviated format 26-06-2009 2009-30000045 PDF
31-12-2007 abbreviated format 22-07-2008 2008-45600255 PDF
31-12-2006 abbreviated format 15-06-2007 2007-22900041 PDF
31-12-2005 abbreviated format 29-06-2006 2006-36303904 PDF
31-12-2004 abbreviated format 27-06-2005 2005-34400855 PDF
31-12-2003 abbreviated format 28-06-2004 2004-33605076 PDF
31-12-2002 abbreviated format 08-07-2003 2003-41203114 PDF
31-12-2001 abbreviated format 28-06-2002 2002-30302488 PDF
31-12-2000 abbreviated format 25-06-2001 2001-26105261 PDF
31-12-1999 abbreviated format 15-06-2000 2000-22600734 PDF
31-12-1998 abbreviated format 02-07-1999 1999-29503357 PDF
31-12-1997 abbreviated format 01-09-1998 1998-44101798 PDF
31-12-1996 abbreviated format 27-06-1997 1997-22300087 PDF
31-12-1995 abbreviated format 05-07-1996 1996-31800074 PDF
31-12-1994 abbreviated format 03-07-1995 1995-35104858 PDF
31-12-1993 abbreviated format 24-06-1994 1994-19601006 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
1,885---4,648-6,82018,67623,66617,83616,42427,00835,04528,53328,43430,12532,90028,85924,43922,86922,22824,310
799---7,172-7,20315,51519,95614,24214,07920,87426,08223,14622,36323,51824,70720,80917,03513,55313,04014,480
24,142--38,19015,82211,11728,7529,3707,54105,003002,420025,00060,25400-
-102,307166,82193,5674,114-15,5463,583-5265,682-6,574-2,65614,065-1,5402,292-7,7254,0202,016-4,58112,264-964-
190,530213,873210,33220,97535,82252,07747,67956,47551,60245,06524,1913,113-20,034-30,520-33,018-37,821-86,984-84,694-98,932-103,861
90.3%72.7%65.5%81.7%93.8%97.2%94.7%98.4%98.7%92.7%85.1%84.9%81.8%71.2%63.7%57.4%47.2%54.8%52.6%48.0%
6.262.702.203.075.788.674.7816.8920.113.821.731.100.440.390.360.220.090.130.030.04
0.110.380.530.220.070.030.060.020.010.080.170.180.220.400.570.741.120.820.901.08
0.1%1.1%76.7%-9.7%-7.7%3.7%3.6%3.6%2.4%6.2%9.4%6.0%5.9%5.9%7.2%4.9%1.6%5.4%5.2%6.8%
0.1%0.8%50.2%-7.9%-7.2%3.6%3.4%3.5%2.4%5.8%8.0%5.1%4.8%4.2%4.6%2.8%0.8%2.9%2.8%3.3%
41.89---1.84-17.76---------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€24,142--€38,190€15,822
Financial fixed assets€0----
€512--€11,852€9,374

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on BEL

The operating result for 2025 is a profit of €1,373, after a loss of €901 in 2024.

Debt's share of the balance-sheet total falls from 27.3% to 9.7%. Equity is higher and debt is lower.

Large changes and their cause
  • 2024 Net result -99% on 2023. The 2023 profit included a one-off income of €337,280.
  • 2023 Equity +69%, Total assets +111% on 2022. Merger absorbing HOUT & MEUBEL, Official Gazette 20-02-2023.

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