Bel.Mo (0444.577.229): financials and annual accounts

Bel.Mo

Ghent ·KBO/BCE: BE 0444.577.229

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	312,519	237,544	273,618	374,787	355,461	349,906	335,808	321,392	316,300	316,255	308,573	304,236	261,076	196,717	195,467	194,555	248,124	229,348	201,684	184,612
Fixed assets`21/28`	216,545	141,177	143,499	159,190	174,882	177,444	194,011	210,578	227,844	246,502	263,044	273,643	247,121	122,895	126,783	134,053	142,235	152,684	160,110	171,939
Tangible fixed assets`22/27`	126,545	141,177	143,499	159,190	174,882	177,444	194,011	210,578	227,844	246,502	263,044	273,643	247,121	122,895	126,783	134,053	142,235	152,684	160,110	171,245
Land and buildings`22`	126,278	140,543	142,498	157,822	173,146	177,444	194,011	210,578	227,144	243,711	257,995	266,337	241,056	122,234	126,709	133,905	141,612	151,586	158,907	169,641
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	-	700	1,399	2,264	3,129	496	662	74	148	623	1,098	1,203	1,604
Furniture and vehicles`24`	267	634	1,001	1,368	1,735	-	-	-	-	1,392	2,784	4,177	5,569	-	-	-	-	-	-	-
Financial fixed assets`28`	90,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	694
Current assets`29/58`	95,974	96,367	130,119	215,597	180,579	172,463	141,798	110,815	88,456	69,753	45,529	30,593	13,954	73,822	68,684	60,502	105,889	76,665	41,574	12,673
Amounts receivable within one year`40/41`	1,888	51,738	-	-	-	-	-	-	455	455	809	-	-	6,447	32,986	14,040	120	-	-	35
Trade receivables`40`	-	-	-	-	-	-	-	-	455	455	809	-	-	-	-	-	-	-	-	-
Other amounts receivable`41`	1,888	51,738	-	-	-	-	-	-	-	-	-	-	-	6,447	32,986	14,040	120	-	-	35
Current investments`50/53`	60,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	34,086	44,629	128,398	214,037	179,165	171,098	140,505	109,587	83,072	64,407	39,861	25,762	8,548	62,612	31,004	41,262	101,727	75,940	41,574	12,638
Deferred charges and accrued income`490/1`	-	0	1,721	1,560	1,414	1,364	1,293	1,227	4,929	4,891	4,859	4,831	5,407	4,763	4,694	5,200	4,042	725	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	312,519	237,544	273,618	374,787	355,461	349,906	335,808	321,392	316,300	316,255	308,573	304,236	261,076	196,717	195,467	194,555	248,124	229,348	201,684	184,612
Equity`10/15`	196,305	189,701	186,772	182,064	168,179	156,933	134,550	112,408	99,238	110,430	127,171	146,819	166,395	178,618	178,439	177,611	177,361	170,443	159,163	139,242
Contributions`10/11`	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789
Issued capital`100`	-	-	-	-	-	-	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789	24,789
Reserves`13`	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479
Non-distributable reserves`130/1`	-	0	2,479	2,479	2,479	2,479	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479	2,479
Reserves not available under the articles`1311`	-	0	2,479	2,479	2,479	2,479	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	2,479	2,479	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	169,037	162,433	159,504	154,795	140,911	129,665	107,282	85,140	71,969	83,162	99,903	119,550	139,127	151,349	151,171	150,343	150,093	143,175	131,895	111,974
Amounts payable`17/49`	116,214	47,843	86,846	192,723	187,282	192,973	201,258	208,984	217,062	205,825	181,402	157,417	94,680	18,099	17,027	16,944	70,763	58,905	42,521	45,370
Amounts payable within one year`42/48`	111,767	46,179	83,264	187,050	180,762	188,562	196,362	204,162	213,088	202,034	177,391	153,406	90,402	13,821	12,857	12,854	67,578	32,467	14,835	19,474
Trade debts`44`	-	-	-	-	-	-	-	-	778	412	361	1,281	-	963	283	280	275	218	260	925
Suppliers`440/4`	-	-	-	-	-	-	-	-	778	412	361	1,281	-	963	283	280	275	218	260	925
Taxes, remuneration and social security`45`	3,501	2,375	1,398	120	-	-	-	-	-	5,512	2,611	-	-	-	-	-	-	1,946	2,272	16,476
Taxes`450/3`	3,501	2,375	1,398	120	-	-	-	-	-	5,512	2,611	-	-	-	-	-	-	1,946	2,272	16,476
Other amounts payable`47/48`	108,266	43,804	81,866	186,929	180,762	188,562	196,362	204,162	212,310	196,110	174,419	152,126	90,402	12,857	12,574	12,574	67,303	30,303	12,303	2,073
Accrued charges and deferred income`492/3`	4,447	1,664	3,581	5,674	6,520	4,411	4,896	4,822	3,975	3,791	4,011	4,011	4,279	4,279	4,170	4,090	3,185	26,438	27,686	25,896
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48,252	40,903
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,310	-	-	-
Gross operating margin`9900`	27,837	25,829	27,390	34,850	31,202	43,706	43,048	38,859	11,763	15,960	12,148	2,827	7,730	14,792	19,017	19,016	22,532	27,383	38,629	28,967
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,703	12,191
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	14,632	15,750	15,692	15,692	15,025	16,567	16,567	17,267	18,658	18,823	19,007	18,334	15,721	8,149	7,270	8,183	10,448	11,680	12,785	18,120
Other operating charges`640/8`	6,321	6,009	5,672	4,973	4,635	4,603	4,337	4,257	4,177	4,103	4,082	4,069	4,028	3,926	3,804	3,733	3,732	3,587	3,529	3,125
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,043
Operating profit (loss)`9901`	6,884	4,069	6,026	14,185	11,542	22,536	22,144	17,336	-11,071	-6,966	-10,941	-19,577	-12,019	2,716	7,943	7,100	8,352	12,116	22,315	7,722
Financial income`75/76B`	2,170	-	-	-	-	-	-	-	0	1	4	-	1	34	29	267	801	1,306	129	281
Recurring financial income`75`	2,170	-	-	-	-	-	-	-	0	1	4	-	1	34	29	267	801	1,306	129	281
Financial charges`65/66B`	45	44	39	180	297	153	2	4,165	121	9,775	8,710	-	205	72	144	118	119	0	233	5,756
Recurring financial charges`65`	45	44	39	180	297	153	2	275	121	9,775	8,710	-	205	72	144	118	119	0	233	5,756
Non-recurring financial charges`66B`	-	-	-	-	-	-	-	3,890	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	9,009	4,026	5,987	14,005	11,246	22,383	22,142	13,170	-11,193	-16,741	-19,647	-19,577	-12,222	2,678	7,829	7,250	31,344	13,422	22,211	-3,796
Income taxes`67/77`	2,404	1,097	1,278	120	-	-	-	-	-	0	1	-	-	-	-	-	-574	2,142	2,291	-
Profit (loss) for the period`9904`	6,604	2,929	4,709	13,885	11,246	22,383	22,142	13,170	-11,193	-16,741	-19,648	-19,577	-12,222	2,678	7,829	7,250	31,918	11,280	19,920	-3,796
Profit (loss) for the period to be appropriated`9905`	6,604	2,929	4,709	13,885	11,246	22,383	22,142	13,170	-11,193	-16,741	-19,648	-19,577	-12,222	2,678	7,829	7,250	31,918	11,280	19,920	-3,796
Appropriation of the result
Profit (loss) to be appropriated`9906`	169,037	162,433	159,504	154,795	140,911	129,665	107,282	85,140	71,969	83,162	99,903	119,550	139,127	153,849	158,171	157,343	175,093	143,175	131,895	111,974
Profit (loss) brought forward from the previous period`14P`	162,433	159,504	154,795	140,911	129,665	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	-	-	-	-	-	2,500	7,000	7,000	25,000	-	-	-
Directors or managers`695`	-	-	-	-	-	-	-	-	-	-	-	-	-	2,500	7,000	7,000	25,000	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	08-05-2026	2026-00106214	PDF
31-12-2024	micro format	01-07-2025	2025-00214740	PDF
31-12-2023	micro format	27-06-2024	2024-00193601	PDF
31-12-2022	micro format	05-06-2023	2023-00106573	PDF
31-12-2021	micro format	01-07-2022	2022-20123912	PDF
31-12-2020	micro format	08-06-2021	2021-18600022	PDF
31-12-2019	micro format	23-06-2020	2020-19500068	PDF
31-12-2018	micro format	07-06-2019	2019-16900021	PDF
31-12-2017	micro format	20-09-2018	2018-64500331	PDF
31-12-2016	abbreviated format	11-08-2017	2017-43500289	PDF
31-12-2015	abbreviated format	19-07-2017	2017-34000476	PDF
31-12-2014	abbreviated format	04-02-2016	2016-04100128	PDF
31-12-2013	abbreviated format	12-11-2015	2015-66900178	PDF
31-12-2012	abbreviated format	25-08-2013	2013-47700171	PDF
31-12-2011	abbreviated format	25-06-2012	2012-20900326	PDF
31-12-2010	abbreviated format	26-08-2011	2011-44900360	PDF
31-12-2009	abbreviated format	05-07-2010	2010-26900432	PDF
31-12-2008	abbreviated format	17-08-2009	2009-58300335	PDF
31-12-2007	abbreviated format	13-08-2008	2008-56800285	PDF
31-12-2006	abbreviated format	28-08-2007	2007-63600159	PDF
31-12-2005	abbreviated format	12-06-2006	2006-23200095	PDF
31-12-2004	abbreviated format	06-07-2005	2005-43501093	PDF
31-12-2003	abbreviated format	01-12-2004	2004-82700653	PDF
31-12-2002	abbreviated format	01-10-2003	2003-72402482	PDF
31-12-2001	abbreviated format	15-11-2002	2002-72301411	PDF
31-12-2000	abbreviated format	10-10-2001	2001-63404636	PDF
31-12-1999	abbreviated format	17-10-2000	2000-65803917	PDF
31-12-1998	abbreviated format	24-11-1999	1999-60203382	PDF
31-12-1997	abbreviated format	19-10-1998	1998-53605164	PDF
30-06-1996	abbreviated format	10-10-1997	1997-48604669	PDF
30-06-1995	abbreviated format	14-02-1996	1996-02500599	PDF
30-06-1994	abbreviated format	31-01-1995	1995-01801911	PDF
30-06-1993	abbreviated format	31-03-1994	1994-05400190	PDF
30-06-1992	abbreviated format	24-12-1993	1993-47101550	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	21,516	19,820	21,717	29,877	26,567	39,103	38,711	34,602	7,586	11,857	8,066	-1,243	3,702	10,866	15,213	15,283	18,801	23,797	35,100	25,842
Cash flow	21,236	18,679	20,400	29,576	26,270	38,950	38,709	30,437	7,465	2,083	-640	-1,243	3,499	10,828	15,099	15,433	42,366	22,961	32,705	14,324
Investment in fixed assets (approximation)	90,000	13,429	0	0	12,463	0	0	0	0	2,282	8,407	44,856	139,947	4,262	0	0	0	4,254	1,650	15,216
Change in cash	-10,543	-83,769	-85,639	34,872	8,067	30,594	30,917	26,516	18,665	24,546	14,099	17,215	-54,064	31,608	-10,257	-60,465	25,787	34,366	28,936	-
Working capital	-15,793	50,188	46,855	28,547	-183	-16,100	-54,565	-93,348	-124,632	-132,280	-131,862	-122,813	-76,447	60,001	55,827	47,648	38,311	44,198	26,739	-6,801
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46.2%	18.9%
Solvency	62.8%	79.9%	68.3%	48.6%	47.3%	44.9%	40.1%	35.0%	31.4%	34.9%	41.2%	48.3%	63.7%	90.8%	91.3%	91.3%	71.5%	74.3%	78.9%	75.4%
Current ratio	0.86	2.09	1.56	1.15	1.00	0.91	0.72	0.54	0.42	0.35	0.26	0.20	0.15	5.34	5.34	4.71	1.57	2.36	2.80	0.65
Debt to equity	0.59	0.25	0.46	1.06	1.11	1.23	1.50	1.86	2.19	1.86	1.43	1.07	0.57	0.10	0.10	0.10	0.40	0.35	0.27	0.33
ROE	3.4%	1.5%	2.5%	7.6%	6.7%	14.3%	16.5%	11.7%	-11.3%	-15.2%	-15.4%	-13.3%	-7.3%	1.5%	4.4%	4.1%	18.0%	6.6%	12.5%	-2.7%
ROA	2.1%	1.2%	1.7%	3.7%	3.2%	6.4%	6.6%	4.1%	-3.5%	-5.3%	-6.4%	-6.4%	-4.7%	1.4%	4.0%	3.7%	12.9%	4.9%	9.9%	-2.1%
Interest coverage	over 100	over 100	over 100	over 100	89.52	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0 days
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10 days	28 days

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€13,429	-	-	€12,463
Financial fixed assets	€90,000	-	-	-	-
Depreciation and write-downs of the year	€14,632	€15,750	€15,692	€15,692	€15,025

Bel.Mo

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on Bel.Mo

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