What is the address of BELVAS?

The registered office of BELVAS is located at Ledebergplein 42, 9050 Gent.

Is BELVAS still active?

Yes. According to the CBE (31 October 2026) BELVAS is active, legal situation “Normale toestand”, started on 16 October 1987.

Is BELVAS registered on Peppol?

No, BELVAS is currently not registered on the Peppol network.

What is the enterprise number of BELVAS?

The enterprise number of BELVAS is BE0432302868.

When was BELVAS founded?

BELVAS was founded on 16 October 1987.

Who are the directors of BELVAS?

According to the 2025 annual accounts, the directors of BELVAS are: INVAST NV, MOHAMED KUCUK.

Is BELVAS a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 16 October 1987; 4 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did BELVAS make in 2025?

BELVAS posted a profit after taxes of € 26,608 in financial year 2025.

What is the revenue of BELVAS?

As a small company, BELVAS is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 38,470.

BELVAS (Public Limited) - Gent - BE0432302868

Dossier BELVAS, printed on 31 October 2026 from databakkes.be/en/0432302868/belvas. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 4 of the last 4 fiscal years.
Tight liquidity NBB

Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Not on Peppol Peppol

Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.

Financials

Financial year 2025

BELVAS from Gent, company number BE0432302868, closed financial year 2025 with a result of € 26,608 after tax. For that financial year BELVAS recorded a gross margin of € 38,470 and equity of € -133,479. Compared with financial year 2023, the result moved from € -3,086 to € 26,608. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 11, 2026.

What it is worth Caution

€ -133,479

▲ € 35,847 vs 2023

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 26,608

▲ still € 3,086 loss in 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 1

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € -220,242.

People and assets in 2025

Vehicles and equipment

€ 4,881

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 38,114

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 7,472

▼ 61% vs 2023

Supplier invoices still open on the last day of the fiscal year.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2025	Change 2023 → 2025
Gross margin	€ 1,121 Gross margin 2021: € 1,121 First fiscal year in the series	€ 6,834 Gross margin 2022: € 6,834 ▲ € 5,713 vs 2021 (€ 1,121) Favourable step	€ 17,984 Gross margin 2023: € 17,984 ▲ 163% vs 2022 (€ 6,834) Favourable step	€ 38,470 Gross margin 2025: € 38,470 ▲ 114% vs 2023 (€ 17,984) Favourable step	▲ 114%
Profit after taxes	€ -25,898 Profit after taxes 2021: € -25,898 First fiscal year in the series	€ -5,087 Profit after taxes 2022: € -5,087 ▲ € 20,811 vs 2021 (€ -25,898) Favourable step	€ -3,086 Profit after taxes 2023: € -3,086 ▲ € 2,001 vs 2022 (€ -5,087) Favourable step	€ 26,608 Profit after taxes 2025: € 26,608 ▲ € 29,694 vs 2023 (€ -3,086) Favourable step	▲ € 29,694
Equity	€ -161,153 Equity 2021: € -161,153 First fiscal year in the series	€ -166,240 Equity 2022: € -166,240 ▼ € 5,087 vs 2021 (€ -161,153) Unfavourable step	€ -169,325 Equity 2023: € -169,325 ▼ € 3,086 vs 2022 (€ -166,240) Unfavourable step	€ -133,479 Equity 2025: € -133,479 ▲ € 35,847 vs 2023 (€ -169,325) Favourable step	▲ € 35,847
Total debts	€ 576,876 Total debts 2021: € 576,876 First fiscal year in the series	€ 582,761 Total debts 2022: € 582,761 ▲ 1% vs 2021 (€ 576,876) Unfavourable step	€ 593,511 Total debts 2023: € 593,511 ▲ 2% vs 2022 (€ 582,761) Unfavourable step	€ 513,893 Total debts 2025: € 513,893 ▼ 13% vs 2023 (€ 593,511) Favourable step	▼ 13%
Cash	€ 17 Cash 2021: € 17 First fiscal year in the series	€ 3 Cash 2022: € 3 ▼ 83% vs 2021 (€ 17) Unfavourable step	-	€ 1 Cash 2025: € 1 First fiscal year in the series
Land & buildings	€ 133,709 Land & buildings 2021: € 133,709 First fiscal year in the series	€ 127,200 Land & buildings 2022: € 127,200 ▼ 5% vs 2021 (€ 133,709) Unchanged	€ 120,863 Land & buildings 2023: € 120,863 ▼ 5% vs 2022 (€ 127,200) Unchanged	€ 108,188 Land & buildings 2025: € 108,188 ▼ 10% vs 2023 (€ 120,863) Unchanged	▼ 10%
Retained profit	€ -247,916 Retained profit 2021: € -247,916 First fiscal year in the series	€ -253,003 Retained profit 2022: € -253,003 ▼ € 5,087 vs 2021 (€ -247,916) Unfavourable step	€ -256,088 Retained profit 2023: € -256,088 ▼ € 3,086 vs 2022 (€ -253,003) Unfavourable step	€ -220,242 Retained profit 2025: € -220,242 ▲ € 35,847 vs 2023 (€ -256,088) Favourable step	▲ € 35,847
Bank debt	€ 420,167 Bank debt 2021: € 420,167 First fiscal year in the series	€ 420,167 Bank debt 2022: € 420,167 Unchanged (€ 420,167) Unchanged	€ 38,114 Bank debt 2023: € 38,114 ▼ 91% vs 2022 (€ 420,167) Favourable step	€ 38,114 Bank debt 2025: € 38,114 Unchanged (€ 38,114) Unchanged
Balance sheet total	€ 415,723 Balance sheet total 2021: € 415,723 First fiscal year in the series	€ 416,521 Balance sheet total 2022: € 416,521 Unchanged (€ 415,723) Unchanged	€ 424,185 Balance sheet total 2023: € 424,185 ▲ 2% vs 2022 (€ 416,521) Unchanged	€ 380,414 Balance sheet total 2025: € 380,414 ▼ 10% vs 2023 (€ 424,185) Unchanged	▼ 10%

Key figures of BELVAS, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to BELVAS?

What happened at BELVAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Aug 11, 2026 New annual accounts for financial year 2025: profit of € 26,608. filed late Source: NBB ↗
2018 MOHAMED KUCUK became a director. NBB
Feb 23, 1988 New establishment in Gent. KBO
Oct 16, 1987 Start of the company according to the CBE. KBO

In short

From € 25,898 loss in 2021 to € 26,608 profit in 2025.

Best year ever: 2025, with € 26,608 profit.

Original PDFs at the National Bank ↗

Management

INVAST NV MOHAMED KUCUK

NICRA

BELVAS

INVAST

Behind BELVAS are INVAST NV and MOHAMED KUCUK. The same people are also behind NICRA. MOHAMED KUCUK is also behind INVAST.

Directors

According to the 2025 annual accounts

INVAST NV

Director · represented by MOHAMED KUCUK

Also active at: NICRA

MOHAMED KUCUK

Director

Also active at: NICRA, INVAST

since 2018

Establishments

Establishment units

Physical locations of this company

Registered office

Ledebergplein 42

9050 Gent

2.036.093.346

Koningsdonkstraat 108

9050 Gent

Active since 23 February 1988

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0432.302.868
VAT number: BE 0432.302.868
Registered office: Ledebergplein 42, 9050 Gent
Names & denominations: BELVAS
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 16 October 1987
Peppol: Not registered

View on CBE Public ↗ Annual accounts (NBB) ↗