Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
Belsac from Maarkedal, company number BE0405954007, closed financial year 2025 with a result of € -100,991 after tax. For that financial year Belsac recorded a gross margin of € 8,189 and equity of € 3.7 million. Compared with financial year 2024, the result moved from € -115,629 to € -100,991. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.
€ 3.7 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -100,991
▲ 13 % less loss than in 2024
Profit after tax over the fiscal year.
€ 199,060
▼ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.9 million.
People and assets in 2025
€ 26,068
▲ 3% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 15,582
▲ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,438
▲ 84% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 11,278 | € 20,099 | € 766 | € 8,189 | ▲ € 7,423 |
| Profit after taxes | € -102,217 | € -94,198 | € -115,629 | € -100,991 | ▲ € 14,639 |
| Equity | € 3,982,489 | € 3,888,291 | € 3,772,662 | € 3,671,671 | ▼ 3% |
| Total debts | € 220,178 | € 226,438 | € 185,299 | € 162,996 | ▼ 12% |
| Cash | € 798,185 | € 807,975 | € 269,513 | € 199,060 | ▼ 26% |
| Land & buildings | € 2,884,032 | € 2,766,038 | € 2,647,904 | € 2,531,726 | ▼ 4% |
| Retained profit | € 3,182,489 | € 3,088,291 | € 2,972,662 | € 2,871,671 | ▼ 3% |
| Balance sheet total | € 4,880,387 | € 4,768,327 | € 4,587,436 | € 4,440,021 | ▼ 3% |
Key figures of Belsac, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to Belsac?
What happened at Belsac in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 100,991. Source: NBB ↗
- Lieveke Reynaert became a director. NBB
- New establishment in Maarkedal. KBO
- Start of the company according to the CBE. KBO
In short
From € 102,217 loss in 2022 to € 100,991 loss in 2025.
Management
The stake of Monbeau comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BelsacBehind Belsac is Lieveke Reynaert. The shares are held by Monbeau (100%). It owns 50% of Mabelle Housing itself.
Directors
According to the 2025 annual accounts
Lieveke Reynaert
Director
Also active at: LABOFLORA EN/OF MARC PONNET EN/OF LIEVEKE REYNAERT, JTML, Monbeau
since 2011
Shareholders
100%
Participations
50%
Establishments
Establishment units
Physical locations of this company
Herpelstraat 4
9688 Maarkedal
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.954.007
- VAT number
- BE 0405.954.007
- Registered office
- Herpelstraat 4, 9688 Maarkedal
- Names & denominations
- Belsac
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 July 1968
- Peppol
- Active · Active since 17 Oct 2025
- Activities · NACE
Diensten in verband met de verzorging van huisdieren, muv veterinaire diensten
Diensten in verband met de verzorging van huisdieren, m.u.v. veterinaire diensten
Africhten van huisdieren