Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 27 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BELGOLAC from Grez-Doiceau, company number BE0434236831, closed financial year 2025 with a result of € 23,676 after tax. For that financial year BELGOLAC recorded a gross margin of € 60,606 and equity of € 91,779. Compared with financial year 2024, the result moved from € 25,336 to € 23,676. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ 91,779
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 23,676
▼ 7% vs 2024
Profit after tax over the fiscal year.
€ 24,804
▲ 216% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 30,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
€ 260,433
▼ 8% vs 2024
€ 23,064 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 18,140
▲ 31% 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 | € 45,744 | € 52,648 | € 61,270 | € 60,606 | ▼ 1% |
| Profit after taxes | € 23,051 | € 20,912 | € 25,336 | € 23,676 | ▼ 7% |
| Equity | € 51,855 | € 72,767 | € 98,102 | € 91,779 | ▼ 6% |
| Total debts | € 378,211 | € 382,354 | € 350,862 | € 357,457 | ▲ 2% |
| Cash | € 4,604 | € 2,875 | € 7,842 | € 24,804 | ▲ 216% |
| Land & buildings | € 422,958 | € 410,971 | € 398,983 | € 386,995 | ▼ 3% |
| Retained profit | € 33,263 | € 54,175 | € 77,651 | € 71,328 | ▼ 8% |
| Dividend | € 0 | € 0 | € 0 | € 30,000 | |
| Bank debt | € 327,561 | € 305,518 | € 283,152 | € 260,433 | ▼ 8% |
| Balance sheet total | € 430,065 | € 455,121 | € 448,964 | € 449,236 |
Key figures of BELGOLAC, fiscal years 2022 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 BELGOLAC?
What happened at BELGOLAC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 23,676 (▼ 7% vs 2024). Source: NBB ↗
- New establishment in Grez-Doiceau. KBO
- Start of the company according to the CBE. KBO
In short
From € 23,051 profit in 2022 to € 23,676 profit in 2025.
Paid € 22,451 in corporate taxes since 2022.
Best year ever: 2024, with € 25,336 profit.
Paid out € 30,000 in dividends to the owners in total.
Management
The stake of Oscar Management, ONORY INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BELGOLACBehind BELGOLAC are ONORY INVEST SPRL and OSCAR MANAGEMENT SPRL. The shares are held by Oscar Management (50%) and ONORY INVEST (50%).
Directors
According to the 2025 annual accounts
Director · represented by Grégory Caron
Also active at: CARON, Indigo Deco, CRN Group
Director · represented by Olivier Caron
Also active at: CARON, Indigo Deco, ELEVEN3, CRN Group
Shareholders
50%
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Av. Cte Gérard d'Ursel 11
1390 Grez-Doiceau
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0434.236.831
- VAT number
- BE 0434.236.831
- Registered office
- Av. Cte Gérard d'Ursel 11, 1390 Grez-Doiceau
- Names & denominations
- BELGOLAC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 1988
- Peppol
- Active · Active since 16 Dec 2025