What does BELTHERM do?

BELTHERM is a heating and ventilation installer in Zedelgem. Public Limited, started on 1 July 1993, 2 establishments.

What is the address of BELTHERM?

The registered office of BELTHERM is located at De Arend 18, 8210 Zedelgem.

Is BELTHERM still active?

Yes. According to the CBE (29 October 2026) BELTHERM is active, legal situation “Normale toestand”, started on 1 July 1993.

Is BELTHERM registered on Peppol?

Yes, BELTHERM is registered on the Peppol network with ID 0208:0450375255.

What is the enterprise number of BELTHERM?

The enterprise number of BELTHERM is BE0450375255.

When was BELTHERM founded?

BELTHERM was founded on 1 July 1993.

Who are the directors of BELTHERM?

According to the 2025 annual accounts, the directors of BELTHERM are: KARL NEYRINCK, Griet DELPORTE.

Is BELTHERM a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 July 1993; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account; 2 establishments in the CBE.

How much profit did BELTHERM make in 2025?

BELTHERM posted a profit after taxes of € 202,643 in financial year 2025.

What is the revenue of BELTHERM?

In its most recent annual accounts (2025), BELTHERM reported revenue of € 29,596,795.

How much does an employee at BELTHERM earn?

The average wage cost per full-time employee at BELTHERM was € 71,700 in 2025: staff costs of € 8.4 million for 116.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does BELTHERM have?

According to the 2025 annual accounts, BELTHERM has 116.7 full-time equivalents (FTE).

BELTHERM (Public Limited) - Zedelgem - BE0450375255

Dossier BELTHERM, printed on 29 October 2026 from databakkes.be/en/0450375255/beltherm. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

BELTHERM from Zedelgem, company number BE0450375255, closed financial year 2025 with a result of € 202,643 after tax. For that financial year BELTHERM recorded revenue of € 29.6 million and equity of € 5.7 million. Compared with financial year 2024, the result moved from € 340,776 to € 202,643. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 17, 2026.

What it is worth Growing

€ 5.7 million

▲ 4% vs 2024

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

Profit Healthy

€ 202,643

▼ 41% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 617,393

▲ 118% vs 2024

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 € 5.5 million.

People and assets in 2025

Full-time equivalents

116.7

▼ 2.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 3.5 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 8.4 million

▲ 1% vs 2024

€ 71,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 578,560

▼ 30% vs 2024

Of which on lease € 302,880.

Debts at end 2025

Bank debt ≈ 3 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 2.1 million

▼ 31% vs 2024

€ 144,637 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 4.1 million

▼ 22% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 76 days on average.

Taxes and wages

€ 831,082

▼ 29% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 31,520,555 Revenue 2022: € 31,520,555 First fiscal year in the series	€ 34,316,353 Revenue 2023: € 34,316,353 ▲ 9% vs 2022 (€ 31,520,555) Favourable step	€ 30,110,918 Revenue 2024: € 30,110,918 ▼ 12% vs 2023 (€ 34,316,353) Unfavourable step	€ 29,596,795 Revenue 2025: € 29,596,795 ▼ 2% vs 2024 (€ 30,110,918) Unfavourable step	▼ 2%
Profit after taxes	€ 327,794 Profit after taxes 2022: € 327,794 First fiscal year in the series	€ 1,044,572 Profit after taxes 2023: € 1,044,572 ▲ 219% vs 2022 (€ 327,794) Favourable step	€ 340,776 Profit after taxes 2024: € 340,776 ▼ 67% vs 2023 (€ 1,044,572) Unfavourable step	€ 202,643 Profit after taxes 2025: € 202,643 ▼ 41% vs 2024 (€ 340,776) Unfavourable step	▼ 41%
Equity	€ 4,148,020 Equity 2022: € 4,148,020 First fiscal year in the series	€ 5,192,592 Equity 2023: € 5,192,592 ▲ 25% vs 2022 (€ 4,148,020) Favourable step	€ 5,533,367 Equity 2024: € 5,533,367 ▲ 7% vs 2023 (€ 5,192,592) Favourable step	€ 5,736,010 Equity 2025: € 5,736,010 ▲ 4% vs 2024 (€ 5,533,367) Favourable step	▲ 4%
Total debts	€ 10,858,142 Total debts 2022: € 10,858,142 First fiscal year in the series	€ 10,438,546 Total debts 2023: € 10,438,546 ▼ 4% vs 2022 (€ 10,858,142) Favourable step	€ 10,060,669 Total debts 2024: € 10,060,669 ▼ 4% vs 2023 (€ 10,438,546) Favourable step	€ 7,382,455 Total debts 2025: € 7,382,455 ▼ 27% vs 2024 (€ 10,060,669) Favourable step	▼ 27%
Cash	€ 472,466 Cash 2022: € 472,466 First fiscal year in the series	€ 846,808 Cash 2023: € 846,808 ▲ 79% vs 2022 (€ 472,466) Favourable step	€ 283,005 Cash 2024: € 283,005 ▼ 67% vs 2023 (€ 846,808) Unfavourable step	€ 617,393 Cash 2025: € 617,393 ▲ 118% vs 2024 (€ 283,005) Favourable step	▲ 118%
Retained profit	€ 3,948,020 Retained profit 2022: € 3,948,020 First fiscal year in the series	€ 4,992,592 Retained profit 2023: € 4,992,592 ▲ 26% vs 2022 (€ 3,948,020) Favourable step	€ 5,333,367 Retained profit 2024: € 5,333,367 ▲ 7% vs 2023 (€ 4,992,592) Favourable step	€ 5,536,010 Retained profit 2025: € 5,536,010 ▲ 4% vs 2024 (€ 5,333,367) Favourable step	▲ 4%
Bank debt	€ 2,690,677 Bank debt 2022: € 2,690,677 First fiscal year in the series	€ 3,109,684 Bank debt 2023: € 3,109,684 ▲ 16% vs 2022 (€ 2,690,677) Unfavourable step	€ 3,069,446 Bank debt 2024: € 3,069,446 ▼ 1% vs 2023 (€ 3,109,684) Favourable step	€ 2,104,375 Bank debt 2025: € 2,104,375 ▼ 31% vs 2024 (€ 3,069,446) Favourable step	▼ 31%
Balance sheet total	€ 15,006,162 Balance sheet total 2022: € 15,006,162 First fiscal year in the series	€ 15,631,138 Balance sheet total 2023: € 15,631,138 ▲ 4% vs 2022 (€ 15,006,162) Unchanged	€ 15,594,036 Balance sheet total 2024: € 15,594,036 Unchanged (€ 15,631,138) Unchanged	€ 13,118,465 Balance sheet total 2025: € 13,118,465 ▼ 16% vs 2024 (€ 15,594,036) Unchanged	▼ 16%
Employees (FTE)	114.5 Employees (FTE) 2022: 114.5 First fiscal year in the series	117 Employees (FTE) 2023: 117 ▲ 2.5 vs 2022 (114.5) Unchanged	119.3 Employees (FTE) 2024: 119.3 ▲ 2.3 vs 2023 (117) Unchanged	116.7 Employees (FTE) 2025: 116.7 ▼ 2.6 vs 2024 (119.3) Unchanged	▼ 2.6

Key figures of BELTHERM, 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 BELTHERM?

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

2028 KARL NEYRINCK stepped down as director. NBB
2028 Griet DELPORTE stepped down as director. NBB
Jun 17, 2026 New annual accounts for financial year 2025: profit of € 202,643 (▼ 41% vs 2024). Source: NBB ↗
2022 KARL NEYRINCK became a director. NBB
2022 Griet DELPORTE became a director. NBB
Feb 11, 2011 New establishment in Gavere. KBO
Jul 8, 1993 New establishment in Zedelgem. KBO
Jul 1, 1993 Start of the company according to the CBE. KBO

In short

From € 327,794 profit in 2022 to € 202,643 profit in 2025.

Paid € 846,851 in corporate taxes since 2022.

Best year ever: 2023, with € 1 million profit.

Pays suppliers within 76 days on average.

Original PDFs at the National Bank ↗

Management

EEG GROUP 100%

The stake of EEG GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

BELTHERM

The shares are held by EEG GROUP (100%).

Directors

According to the 2025 annual accounts

KARL NEYRINCK

Managing director

Also active at: IMMO DEKO, EGT, AgoraMed, IMMO AMEL, FYNK VISION, VERWARMINGSTECHNIEKEN VERELST, Embuild West-Vlaanderen

since 2022 · until 2028

Griet DELPORTE

Director

Also active at: EEG GROUP

since 2022 · until 2028

Shareholders

EEG GROUP

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

De Arend 18

8210 Zedelgem

2.196.604.095

Legen Heirweg 7 box A

9890 Gavere

Active since 11 February 2011

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

BELVIMA INVEST

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

Details

Company number

0450.375.255

VAT number

BE 0450.375.255

Registered office

De Arend 18, 8210 Zedelgem

Names & denominations

BELTHERM

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

1 July 1993

Peppol

Active · Active since 1 Jan 2001

Activities · NACE

Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit

Installatie van verwarming, klimaatregeling en ventilatie

Vervaardiging van overige producten van metaal, neg

View on CBE Public ↗ Annual accounts (NBB) ↗

BELTHERM

Financials

What happened to BELTHERM?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions