Financials
Financial year 2025
BELCO from Pelt, company number BE0469661429, closed financial year 2025 with a result of € 471,112 after tax. For that financial year BELCO recorded a gross margin of € -2,539 and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 20,415 to € 471,112. Profitable, and profit is growing. 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 December 31, 2025.
€ 1.7 million
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 471,112
▲ € 450,697 vs 2024
Profit after tax over the fiscal year.
€ 38,906
▼ 46% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 710,850 paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,313
▼ 84% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 47,111
▲ € 45,447 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 | € 12,127 | € -1,463 | € -1,465 | € -2,539 | ▼ € 1,074 |
| Profit after taxes | € 176,136 | € 8,346 | € 20,415 | € 471,112 | ▲ € 450,697 |
| Equity | € 1,929,197 | € 1,936,727 | € 1,956,309 | € 1,716,572 | ▼ 12% |
| Total debts | € 26,646 | € 6,254 | € 20,279 | € 49,273 | ▲ 143% |
| Cash | € 834,813 | € 163,521 | € 71,734 | € 38,906 | ▼ 46% |
| Land & buildings | € 261,343 | € 280,653 | € 260,933 | € 241,214 | ▼ 8% |
| Retained profit | € 1,909,697 | € 1,917,227 | € 1,936,809 | € 1,697,072 | ▼ 12% |
| Dividend | € 816 | € 816 | € 833 | € 710,850 | ▲ € 710,017 |
| Balance sheet total | € 1,955,843 | € 1,942,981 | € 1,976,589 | € 1,765,845 | ▼ 11% |
Key figures of BELCO, 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 BELCO?
What happened at BELCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 471,112 (▲ € 450,697 vs 2024). Source: NBB ↗
- New establishment in Pelt. KBO
- Start of the company according to the CBE. KBO
- Martinus, Cornelius van de Waarsenburg became a director. NBB
In short
From € 176,136 profit in 2022 to € 471,112 profit in 2025.
Paid € 67,549 in corporate taxes since 2022.
Best year ever: 2025, with € 471,112 profit.
Paid out € 713,316 in dividends to the owners in total.
Management
Behind BELCO is Martinus, Cornelius van de Waarsenburg. It owns 100% of Nedco Invest itself.
Directors
According to the 2025 annual accounts
Martinus, Cornelius van de Waarsenburg
Director
since 2000
Establishments
Establishment units
Physical locations of this company
Hoevenstraat 27
3900 Pelt
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0469.661.429
- VAT number
- BE 0469.661.429
- Registered office
- Hoevenstraat 27, 3900 Pelt
- Names & denominations
- BELCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 January 2000
- Peppol
- Active · Active since 9 Mar 2026
- Activities · NACE
Activiteiten van holdings
Managementactiviteiten van holdings
Holdings
Groothandel in elektrische huishoudelijke apparaten en audio- en videoapparatuur
Detailhandel in elektrische huishoudapparaten
Detailhandel in verlichtingsartikelen
Detailhandel in elektrische huishoudapparaten en in audio- en videoapparatuur
Detailhandel in artikelen voor verlichting en woninginrichting
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