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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Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BELCO FLANDERS from Gent, company number BE0471483544, closed financial year 2025 with a result of € 120,312 after tax. For that financial year BELCO FLANDERS recorded a gross margin of € 2.3 million and equity of € 2.4 million. Compared with financial year 2024, the result moved from € 107,759 to € 120,312. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ 2.4 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 120,312
▲ 12% vs 2024
Profit after tax over the fiscal year.
€ 284,643
▼ 3% 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 € 2.3 million.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 80,011
▲ 7% vs 2024
€ 80,000 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.
€ 6,206
▼ 19% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 6.5 million
▼ 4% vs 2024
€ 300,000 is repaid this year. At this pace the long-term loan is gone in ≈ 22 years.
€ 162,252
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 76,140
▼ 72% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,978,117 | € 1,361,833 | € 1,750,831 | € 2,265,331 | ▲ 29% |
| Profit after taxes | € 155,239 | € 69,309 | € 107,759 | € 120,312 | ▲ 12% |
| Equity | € 2,099,317 | € 2,168,627 | € 2,276,386 | € 2,396,698 | ▲ 5% |
| Total debts | € 5,796,736 | € 8,155,214 | € 8,923,869 | € 8,424,493 | ▼ 6% |
| Cash | € 180,791 | € 126,451 | € 294,368 | € 284,643 | ▼ 3% |
| Land & buildings | € 6,018,490 | € 8,807,465 | € 9,132,417 | € 8,720,247 | ▼ 5% |
| Retained profit | € 2,037,317 | € 2,106,627 | € 2,214,386 | € 2,334,698 | ▲ 5% |
| Bank debt | € 3,931,386 | € 6,517,017 | € 6,781,386 | € 6,481,386 | ▼ 4% |
| Balance sheet total | € 7,896,053 | € 10,323,840 | € 11,200,255 | € 10,821,191 | ▼ 3% |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of BELCO FLANDERS, 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 BELCO FLANDERS?
What happened at BELCO FLANDERS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Gecom NV stepped down as director. NBB
- Amitex NV stepped down as director. NBB
- Mageco BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 120,312 (▲ 12% vs 2024). filed late Source: NBB ↗
- Gecom NV became a director. NBB
- Amitex NV became a director. NBB
- Mageco BV became a director. NBB
- New establishment in Gent. KBO
In short
From € 155,239 profit in 2022 to € 120,312 profit in 2025.
Paid € 55,926 in corporate taxes since 2022.
Best year ever: 2022, with € 155,239 profit.
On average € 2.3 million of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of MAGECO, AMITEX comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BELCO FLANDERSThe shares are held by MAGECO (40%) and AMITEX (10%).
Directors
According to the 2025 annual accounts
Director · represented by Francis Geernaert
Also active at: Gasthof Den Ever, Belco Construct, BELCOFIM
since 2022 · until 2028
Director · represented by Pierre Van Heuverswyn
since 2022 · until 2028
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Bellevue 5 box 301
9050 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
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+11 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0471.483.544
- VAT number
- BE 0471.483.544
- Registered office
- Bellevue 5 bus 301, 9050 Gent
- Names & denominations
- BELCO FLANDERS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 March 2000
- Peppol
- Active · Active since 20 Nov 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Beheer van overig onroerend goed
Diverse ondersteunende activiteiten ten behoeve van voorzieningen