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Belgian Management

Active Private limited companyfounded 2002active for 24 yearsGeraardsbergsevoetweg 38, 9820 Merelbeke-MelleKBO/BCE: BE 0477.935.430
Belgian Management
Financial year 2025
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Annual accounts 2025

micro format, filed on 24-07-2026, 7 days before the deadline
€53,861
▲ 33.8%
€40,745
▲ 68.7%
€30,602
▲ 84.3%
€40,261
▲ €41,555
64.4%
▲ 33.7 percentage points
2.72
▲ 1.76

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 ≈ €160,000. Estimated: probably between €110,000 and €280,000.

Balance sheet

balance sheet total €65,991 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

64.4%

Higher than 62% of 981 companies in 2025.

2.72

Higher than 59% of 947 companies in 2025.

46.4%

Higher than 88% of 950 companies in 2025.

Belgian Management Middle half of the sector 80% of the sector Micro accounts in employment activities (NACE 78)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 65,99138,73335,15454,04467,02184,78031,1685535411261211211758,6931,5296,3865,6276,0106,2296,102
20 -------0-----------100
21/28 2,26313,21626,56439,73054,01167,059-------33,607175084117150284
21 --------------175084117150184
22/27 2,26313,21626,56439,73054,01167,059-------33,607------
24 2,26313,21626,56439,73054,01167,059-------33,607------
29/58 63,72725,5168,59014,31413,01017,72231,1685535411261211211725,0861,5126,3365,5435,8936,0795,818
29 -------------------4,888
290 -------------------91
291 -------------------4,797
40/41 59,89623,0587,71411,99212,5059,1179,516550513121121121-21,9543382,4333575,8085,936-
40 3,6271,0081,0005,6876,7764,6289,509------17,404-1,919--690-
41 56,26922,0506,7146,3055,7294,4897550513121121121-4,5503385143575,8085,246-
50/53 ------------17-------
54/58 3,8312,4598762,3225058,60521,6524295---2,8431,1733,8915,17651133923
490/1 -------------290-121035107
Balance sheet: equity and liabilities
10/49 65,99138,73335,15454,04467,02184,78031,1685535411261211211758,6931,5296,3865,6276,0106,2296,102
10/15 42,52411,922-4,679-12,123-22,727-24,053-34,795-75,857-74,965-73,814-71,954-71,478-69,121-75,018-72,844-71,154-71,830-71,551-68,278-64,785
10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
100 -----018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
11 ---18,60018,60018,600--------------
1109/19 ---18,60018,60018,600--------------
13 23,924-------------------
133 23,924-------------------
14 0-6,678-23,279-30,723-41,327-42,653-53,395-94,457-93,565-92,414-90,554-90,078-87,721-93,618-91,444-89,754-90,430-90,151-86,878-83,385
17/49 23,46726,81039,83366,16789,748108,83465,96376,41075,50673,94072,07571,59969,138133,71074,37277,54077,45777,56274,50770,887
17 -09,17220,06130,82541,463--------------
170/4 -09,17220,06130,82541,463--------------
42/48 23,46726,81030,66146,10658,92367,37165,96376,41075,50673,94072,07571,59969,138133,71074,37277,54077,45777,56274,50770,887
42 2,3109,17210,88910,76310,63910,515--------------
43 ----------0---------
430/8 ----------0---------
44 1,9132,3641,9551,7982,442612-0-1,232---5,086-14,33614,41015,01115,42670,887
440/4 1,9132,3641,9551,7982,442612-0-1,232---5,086-14,33614,41015,01115,42617,556
441 -------------------53,331
45 19,24415,27512,61310,9823,3951881,448-----2,204--157----
450/3 19,24415,27512,61310,9823,3951881,448-----2,204--157----
47/48 -05,20422,56242,44856,05564,51576,41075,50672,70872,07571,59966,934128,62574,37263,04763,04762,55159,081-
Income statement
76A ------------6,393------16,889
9900 53,86140,25927,16632,60618,29317,39041,935-337-600-1,232--1,480-1218,011-9241,355665-2,172-2,482-27,625
60/61 -------337------------
62 ----080--------------
630 12,68915,26014,59714,28114,0432,687-------8,41833333333133233
631/4 -----------------570--
640/8 4288466786506838297075315266284725943481,7446976279034558621,154
66A ------------------16-
9901 40,74524,15411,89117,6743,56713,79441,228-867-1,126-1,860-472-2,074-469-2,151-1,655695-271-3,231-3,477-29,012
75/76B 1,6854520810---------133--2
75 1,6854520810---------133--2
65/66B 2133814611,3406952,9351662524-4283282336211043-35
65 2133814611,3406952,9351662524-4283282336211043-35
9903 42,21624,22511,43016,4152,87310,85841,062-892-1,150-1,860-476-2,3575,896-2,174-1,690676-278-3,274-3,493-12,156
67/77 11,6157,6233,9865,8111,546116--------------
9904 30,60216,6017,44410,6041,32710,74241,062-892-1,150-1,860-476-2,3575,896-2,174-1,690676-278-3,274-3,493-12,156
9905 30,60216,6017,44410,6041,32710,74241,062-892-1,150-1,860-476-2,3575,896-2,174-1,690676-278-3,274-3,493-12,156
Appropriation of the result
9906 23,924-6,678-23,279-30,723-41,327-42,653-53,395-94,457-93,565-92,414-90,554-90,078-87,721-93,618-91,444-89,754-90,430-90,151-86,878-83,385
14P -6,678-23,279-30,723-41,327-42,653---------------
691/2 23,924-------------------
6921 23,924-------------------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 3 older financial years (2003-2005) 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 24-07-2026.

Download as CSV

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 micro format 24-07-2026 2026-00326895 PDF
31-12-2024 micro format 19-09-2025 2025-00495595 PDF
31-12-2023 micro format 25-09-2024 2024-00474159 PDF
31-12-2022 micro format 31-08-2023 2023-00386966 PDF
31-12-2021 micro format 06-07-2022 2022-20146061 PDF
31-12-2020 micro format 31-08-2021 2021-61100512 PDF
31-12-2019 micro format 31-08-2020 2020-49200217 PDF
31-12-2018 micro format 19-06-2019 2019-20200213 PDF
31-12-2017 micro format 21-06-2018 2018-21800031 PDF
31-12-2016 micro format 31-08-2017 2017-58000178 PDF
31-12-2015 abbreviated format 29-09-2016 2016-64100553 PDF
31-12-2014 abbreviated format 12-01-2016 2016-01500154 PDF
31-12-2013 abbreviated format 18-12-2014 2014-69700085 PDF
31-12-2012 abbreviated format 28-11-2013 2013-67500400 PDF
31-12-2011 abbreviated format 05-07-2012 2012-27300388 PDF
31-12-2010 abbreviated format 26-09-2011 2011-55300183 PDF
31-12-2009 abbreviated format 16-11-2010 2010-60600248 PDF
31-12-2008 abbreviated format 26-02-2010 2010-05600145 PDF
31-12-2007 abbreviated format 25-02-2009 2009-05700014 PDF
31-12-2006 abbreviated format 19-12-2007 2007-84100224 PDF
31-12-2005 abbreviated format 12-12-2006 2006-90503842 PDF
31-12-2004 abbreviated format 30-09-2005 2005-80404764 PDF
31-12-2003 abbreviated format 03-12-2004 2004-83604854 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
53,43439,41326,48831,95517,61016,481-------6,267-1,621728-238-3,197-3,344-28,779
43,29131,86122,04124,88515,36913,429-------6,245-1,657709-245-3,240-3,360-11,923
1,7361,9121,431099569,7460------42,0080000-1-
1,3721,583-1,4461,817-8,100-13,04721,648-2524----1,669-2,718-1,2855,125-82-790-
40,261-1,294-22,071-31,792-45,913-49,649-34,795-75,857-74,965-73,814-71,954-71,478-69,121-108,624-72,860-71,204-71,913-71,668-68,428-65,069
64.4%30.8%-13.3%-22.4%-33.9%-28.4%-111.6%-------127.8%------
2.720.950.280.310.220.260.47------0.19-0.080.070.080.080.08
0.552.25------------------
72.0%139.2%------------------
46.4%42.9%21.2%19.6%2.0%12.7%131.7%-------3.7%-10.6%-4.9%-54.5%-56.1%-199.2%
over 100over 10057.4723.8525.35---------------
-------0 days------------

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€1,736€1,912€1,431-€995
Financial fixed assets€0----
€12,689€15,260€14,597€14,281€14,043

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

Insights on Belgian Management

The operating result for 2025 is 69% higher than in 2024 and the highest since 2019. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total falls from 69.2% to 35.6%. Equity is higher and debt is lower.

Next steps

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