Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2023; threshold 65 %.
-
Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
BelGaN from Oudenaarde, company number BE0477511994, closed financial year 2023 with a result of € -8.3 million after tax. For that financial year BelGaN recorded revenue of € 55.4 million and equity of € 49.2 million. Compared with financial year 2022, the result moved from € 411,683 to € -8.3 million. The company made a loss. 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 24, 2024.
€ 49.2 million
▲ 105% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8.3 million
▼ still € 411,683 profit in 2022
Profit after tax over the fiscal year.
€ 3.1 million
▲ 51% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.4 million.
People and assets in 2023
420.9
▲ 5.9 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 40.7 million
▲ 4% vs 2022
€ 96,700 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.
€ 7.6 million
▲ 9% vs 2022
Of which on lease € 6.5 million.
Debts at end 2023
€ 21.6 million
▲ 2% vs 2022
€ 2.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 18.2 million
▲ 91% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 151 days on average.
€ 8.1 million
▲ 8% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Revenue | € 114,585,113 | € 58,079,475 | € 55,440,283 | ▼ 5% |
| Profit after taxes | € 4,217,007 | € 411,683 | € -8,264,310 | ▼ € 8.7 million |
| Equity | € 44,977,879 | € 24,022,237 | € 49,168,691 | ▲ 105% |
| Total debts | € 30,307,204 | € 38,229,854 | € 49,564,274 | ▲ 30% |
| Cash | € 39,525,932 | € 2,089,542 | € 3,145,270 | ▲ 51% |
| Land & buildings | € 4,071,363 | € 10,310,046 | € 9,834,182 | ▼ 5% |
| Retained profit | € 23,881,239 | € 5,892,921 | € -2,371,388 | ▼ € 8.3 million |
| Dividend | € 0 | € 18,400,000 | € 0 | ▼ 100% |
| Bank debt | € 11,336,542 | € 21,182,058 | € 21,576,317 | ▲ 2% |
| Balance sheet total | € 75,308,387 | € 62,256,680 | € 98,736,465 | ▲ 59% |
| Employees (FTE) | 616.6 | 415 | 420.9 | ▲ 5.9 |
Key figures of BelGaN, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to BelGaN?
What happened at BelGaN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
BelGaN is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 8.3 million (▼ € 8.7 million vs 2022). Source: NBB ↗
- BelGaN Group BV became a director. NBB
- New establishment in Oudenaarde. KBO
- Start of the company according to the CBE. KBO
In short
From € 4.2 million profit in 2021 to € 8.3 million loss in 2023.
Paid € 1.3 million in corporate taxes since 2021.
Best year ever: 2021, with € 4.2 million profit.
Paid out € 18.4 million in dividends to the owners in total.
Management
The stake of BelGaN Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BelGaNBehind BelGaN is BelGaN Group BV. The shares are held by BelGaN Group (100%). It owns 100% of BelGaN Leasing itself.
Directors
According to the 2023 annual accounts
since 2022
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Westerring 15
9700 Oudenaarde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0477.511.994
- VAT number
- BE 0477.511.994
- Registered office
- Westerring 15, 9700 Oudenaarde
- Names & denominations
- BelGaN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 10 May 2002
- Peppol
- Not registered
- Activities · NACE
Vervaardiging van elektronische onderdelen