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 65 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
BELVAS from Ath, company number BE0472516692, closed financial year 2024 with a result of € 15,134 after tax. For that financial year BELVAS recorded revenue of € 12.2 million and equity of € 4.7 million. Compared with financial year 2023, the result moved from € -81,703 to € 15,134. 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 July 23, 2025.
€ 4.7 million
▲ 20% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 15,134
▲ still € 81,703 loss in 2023
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -519,300.
People and assets in 2024
34.2
▲ 3.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.7 million
▲ 13% vs 2023
€ 50,300 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.
€ 684,435
▼ 20% vs 2023
Of which on lease € 571,620.
Debts at end 2024
€ 8.3 million
▼ 4% vs 2023
€ 1.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 2.1 million
▲ 30% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 81 days on average.
€ 288,561
▲ 1% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 14,848,118 | € 10,846,809 | € 10,258,810 | € 12,225,538 | ▲ 19% |
| Profit after taxes | € 67,790 | € -180,231 | € -81,703 | € 15,134 | ▲ € 96,837 |
| Equity | € 2,100,950 | € 2,700,856 | € 3,945,809 | € 4,734,070 | ▲ 20% |
| Total debts | € 6,361,916 | € 7,643,571 | € 10,886,504 | € 10,962,747 | ▲ 1% |
| Cash | € 270,208 | € 663,971 | € 276,896 | - | |
| Land & buildings | € 1,799,283 | € 756,073 | € 763,151 | € 761,786 | |
| Retained profit | € -272,500 | € -452,731 | € -534,434 | € -519,300 | ▲ € 15,134 |
| Bank debt | € 3,945,880 | € 5,424,898 | € 8,623,330 | € 8,273,720 | ▼ 4% |
| Balance sheet total | € 8,462,865 | € 10,344,427 | € 14,882,313 | € 15,706,817 | ▲ 6% |
| Employees (FTE) | 30.4 | 33.5 | 31 | 34.2 | ▲ 3.2 |
Key figures of BELVAS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to BELVAS?
What happened at BELVAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Wallonie Entreprendre SA stepped down as director. NBB
- JBD Management SRL stepped down as director. NBB
- CONFITAL SA stepped down as director. NBB
- Kineden Commodities SA stepped down as director. NBB
- EUKAIRIA SRL stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 15,134. Source: NBB ↗
- New establishment in Ath. KBO
- Wallonie Entreprendre SA became a director. NBB
In short
From € 67,790 profit in 2021 to € 15,134 profit in 2024.
Paid € 1,216 in corporate taxes since 2021.
Best year ever: 2021, with € 67,790 profit.
Pays suppliers within 81 days on average.
Management
The stake of Wallonie Entreprendre comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BELVASThe shares are held by Wallonie Entreprendre (12.2%).
Directors
According to the 2024 annual accounts
since 2021 · until 2027
Director · represented by Mamadou Adama BAMBA
since 2021 · until 2027
Director · represented by Vincent Vandrepol
Also active at: Aciéries Somville, FRANKI, Fonderies J. Marichal Ketin et Cie, TUBES DE HAREN ET NIMY, SOGESTIMMO, T. PALM, NLMK LA LOUVIERE, PLASTURGIE LAZZERINI +45 more
since 2023 · until 2029
Director · represented by Jean-David COUDERC
Also active at: färm.globe, MarchéBio.Tenbosch
since 2022 · until 2028
Chairman of the board · represented by Thierry Noesen
since 2021 · until 2027
Shareholders
12.2%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chemin du Fundus(M.E) 7
7822 Ath
Nijverheidsstraat 12
2570 Duffel
Active since 1 November 2017
Wolvengracht 48
1000 Brussel
Active since 6 December 2019
Avenue de l'Innovation 7
7822 Ath
Active since 2 July 2024
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.
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Website info
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Details
- Company number
- 0472.516.692
- VAT number
- BE 0472.516.692
- Registered office
- Chemin du Fundus(M.E) 7, 7822 Ath
- Names & denominations
- BELVAS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 July 2000
- Peppol
- Active · Active since 13 Nov 2025
- Contact
- belvas.be [email protected] 068.33.77.46
- Activities · NACE
Vervaardiging van cacao, chocolade en suikerwerk
Detailhandel in brood en banketbakkerswerk (koude bakkers)
Vervaardiging van consumptie-ijs
Detailhandel in brood-, banketbakkerswerk en suikerwerk
Eetgelegenheden met beperkte bediening
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden