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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BELVAR from Wielsbeke, company number BE0450581628, closed financial year 2025 with a result of € 30,577 after tax. For that financial year BELVAR recorded a gross margin of € 31,394 and equity of € -202,951. Compared with financial year 2024, the result moved from € 13,745 to € 30,577. 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 March 2, 2026.
€ -202,951
▲ € 30,577 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 30,577
▲ 122% vs 2024
Profit after tax over the fiscal year.
€ 5,328
▲ € 4,566 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -326,898.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,280
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 | € 14,899 | € 14,555 | € 14,503 | € 31,394 | ▲ 116% |
| Profit after taxes | € 14,259 | € 13,752 | € 13,745 | € 30,577 | ▲ 122% |
| Equity | € -261,024 | € -247,272 | € -233,527 | € -202,951 | ▲ € 30,577 |
| Total debts | € 336,154 | € 320,558 | € 319,913 | € 269,507 | ▼ 16% |
| Cash | € 5,737 | € 743 | € 762 | € 5,328 | ▲ € 4,566 |
| Retained profit | € -384,971 | € -371,219 | € -357,474 | € -326,898 | ▲ € 30,577 |
| Balance sheet total | € 75,130 | € 73,286 | € 86,385 | € 66,556 | ▼ 23% |
Key figures of BELVAR, 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 April 2027.
What happened to BELVAR?
What happened at BELVAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 30,577 (▲ 122% vs 2024). Source: NBB ↗
- Marie-Astrid Lefevere became a director. NBB
- New establishment in Wielsbeke. KBO
- Hilde Beyls became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 14,259 profit in 2022 to € 30,577 profit in 2025.
Best year ever: 2025, with € 30,577 profit.
Management
Behind BELVAR are Hilde Beyls and Marie-Astrid Lefevere. Hilde Beyls is also behind Rudy Lefevere Management.
Directors
According to the 2025 annual accounts
since 1993
Marie-Astrid Lefevere
Bestuurder
since 2022
Establishments
Establishment units
Physical locations of this company
Heirweg 182
8710 Wielsbeke
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0450.581.628
- VAT number
- BE 0450.581.628
- Registered office
- Heirweg 182, 8710 Wielsbeke
- Names & denominations
- BELVAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 July 1993
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
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