BELCOTRANS
Annual accounts 2025
abbreviated format, filed on 22-06-2026, 39 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.9m. Estimated: probably between €1.7m and €2.3m.
Balance sheet
balance sheet total €424,750 on 31-12-2025in euro
in euro
Position in the sector
53.2%
Higher than 67% of 2,408 companies in 2025.
2.12
Higher than 71% of 2,360 companies in 2025.
24.9%
Higher than 92% of 2,368 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff
€50,716
Staff costs divided by the average number of full-time equivalents.
+4 people
In 2025, 5 people joined and 1 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
424,750 | 247,252 | 161,702 | 130,455 | 127,388 | |
21/28 |
3,444 | 3,038 | 1,268 | 0 | 8,200 | |
22/27 |
3,444 | 3,038 | 1,268 | - | - | |
24 |
3,444 | 3,038 | 1,268 | - | - | |
28 |
- | - | - | 0 | 8,200 | |
29/58 |
421,307 | 244,214 | 160,434 | 130,455 | 119,188 | |
40/41 |
390,085 | 126,744 | 98,739 | 91,810 | 53,123 | |
40 |
356,873 | 113,172 | 89,977 | 87,024 | 48,883 | |
41 |
33,211 | 13,572 | 8,763 | 4,786 | 4,241 | |
54/58 |
25,768 | 113,465 | 60,978 | 36,817 | 65,058 | |
490/1 |
5,454 | 4,005 | 717 | 1,828 | 1,006 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
424,750 | 247,252 | 161,702 | 130,455 | 127,388 | |
10/15 |
226,168 | 120,397 | 76,988 | 70,464 | 63,417 | |
10/11 |
40,000 | 40,000 | 40,000 | 40,000 | 40,000 | |
13 |
186,168 | 80,397 | 36,988 | 30,464 | 23,417 | |
130/1 |
- | - | - | 0 | 4,000 | |
1311 |
- | - | - | 0 | 4,000 | |
133 |
186,168 | 80,397 | 36,988 | 30,464 | 19,417 | |
17/49 |
198,582 | 126,855 | 84,714 | 59,991 | 63,971 | |
42/48 |
198,582 | 126,855 | 84,714 | 59,991 | 63,971 | |
44 |
68,573 | 28,622 | 17,519 | 13,649 | 41,389 | |
440/4 |
68,573 | 28,622 | 17,519 | 13,649 | 41,389 | |
45 |
130,010 | 98,234 | 67,195 | 46,343 | 22,582 | |
450/3 |
10,582 | 10,403 | 7,700 | 6,687 | 7,815 | |
454/9 |
119,428 | 87,831 | 59,495 | 39,655 | 14,767 | |
| Income statement | ||||||
9900 |
1.0m | 718,166 | 479,026 | 372,932 | 239,735 | |
62 |
872,318 | 647,531 | 460,803 | 357,976 | 204,592 | |
630 |
667 | 280 | 16 | 0 | 1,087 | |
640/8 |
8,558 | 7,499 | 6,692 | 3,204 | 597 | |
9901 |
141,062 | 62,855 | 11,515 | 11,752 | 33,458 | |
75/76B |
- | - | 0 | 77 | 1 | |
75 |
- | - | 0 | 77 | 1 | |
65/66B |
3,028 | 1,377 | 2,364 | 2,284 | 2,227 | |
65 |
3,028 | 1,377 | 2,364 | 2,284 | 2,227 | |
9903 |
138,034 | 61,479 | 9,151 | 9,545 | 31,232 | |
67/77 |
32,262 | 18,070 | 2,627 | 2,498 | 7,815 | |
9904 |
105,771 | 43,408 | 6,524 | 7,047 | 23,417 | |
9905 |
105,771 | 43,408 | 6,524 | 7,047 | 23,417 | |
| Appropriation of the result | ||||||
9906 |
105,771 | 43,408 | 6,524 | 7,047 | 23,417 | |
691/2 |
105,771 | 43,408 | 6,524 | 7,047 | 23,417 | |
6920 |
- | - | - | 0 | 4,000 | |
6921 |
105,771 | 43,408 | 6,524 | 7,047 | 19,417 | |
| Social balance sheet | ||||||
9087 |
17.2 | 13.2 | 9.8 | 8.3 | 4 | |
Hours worked1013 |
28,560 | 21,620 | 15,292 | 13,210 | 7,100 | |
| Document | ||||||
The notes to these accounts have 7 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 22-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 22-06-2026 | 2026-00180501 | |
| 31-12-2024 | micro format | 17-07-2025 | 2025-00281523 | |
| 31-12-2023 | micro format | 24-06-2024 | 2024-00163884 | |
| 31-12-2022 | micro format | 22-06-2023 | 2023-00148682 | |
| 31-12-2021 | micro format | 21-06-2022 | 2022-20083182 |
Subsidies and aid
Flemish government 2022 to 2024, 3 entries, €1,561 awarded, €2,748 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €717 | €717 |
| 2023 | 1 | €1,046 | €1,046 |
| 2022 | 1 | -€202 | €985 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 141,729 | 63,136 | 11,531 | 11,752 | 34,545 | ||
| 106,439 | 43,689 | 6,541 | 7,047 | 24,504 | ||
| 1,074 | 2,050 | 1,284 | -8,200 | 9,287 | ||
| -87,698 | 52,487 | 24,161 | -28,241 | - | ||
| 222,724 | 117,359 | 75,720 | 70,464 | 55,217 | ||
| 53.2% | 48.7% | 47.6% | 54.0% | 49.8% | ||
| 2.12 | 1.93 | 1.89 | 2.17 | 1.86 | ||
| 0.88 | 1.05 | 1.10 | 0.85 | 1.01 | ||
| 46.8% | 36.1% | 8.5% | 10.0% | 36.9% | ||
| 24.9% | 17.6% | 4.0% | 5.4% | 18.4% | ||
| 46.81 | 45.86 | 4.88 | 5.15 | 15.51 |
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.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 19 | 15 | 10 | 10 | 8 |
| full-time | 19 | 15 | 9 | 9 | 8 |
| part-time | 0 | 0 | 1 | 1 | 0 |
| in full-time equivalents | 19 | 15 | 9.8 | 9.8 | 8 |
| 17.2 | 13.2 | 9.8 | 8.3 | 4 | |
| On a permanent contract | 19 | 15 | 10 | 10 | 8 |
| Joined | 5 | 7 | 2 | 2 | 10 |
| Left | 1 | 2 | 2 | 0 | 2 |
| Training hours | - | 24 | 72 | - | 8 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,074 | €2,050 | €1,284 | - | €1,087 |
| Financial fixed assets | - | - | - | - | €8,200 |
| €667 | €280 | €16 | €0 | €1,087 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Public contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Insights on BELCOTRANS
The operating result for 2025 is 124% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 51.3% to 46.8%. Equity and debt are higher.