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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
BELSKAND from Waterloo, company number BE0736950768, closed financial year 2025 with a result of € 16.5 million after tax. Compared with financial year 2024, the result moved from € 25.2 million to € 16.5 million. The company is profitable. 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 July 8, 2026.
€ 88.8 million
▲ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 16.5 million
▼ 34% vs 2024
Profit after tax over the fiscal year.
€ 16.5 million
▲ € 16.5 million 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 € 88.7 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 9,181
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 50 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € 10,248,599 | € 29,208,627 | € 25,158,733 | € 16,523,794 | ▼ 34% |
| Equity | € 17,899,296 | € 47,107,923 | € 72,266,657 | € 88,790,451 | ▲ 23% |
| Total debts | € 54,509,445 | € 25,209,619 | € 10,401 | € 9,181 | ▼ 12% |
| Cash | € 145,577 | € 57,503 | € 19,708 | € 16,542,282 | ▲ € 16.5 million |
| Retained profit | € 17,837,796 | € 47,046,423 | € 72,205,157 | € 88,728,951 | ▲ 23% |
| Bank debt | € 54,500,000 | € 25,200,000 | € 0 | € 0 | |
| Balance sheet total | € 72,408,741 | € 72,317,542 | € 72,277,058 | € 88,799,632 | ▲ 23% |
Key figures of BELSKAND, 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 BELSKAND?
What happened at BELSKAND in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ALOHA MANAGEMENT stepped down as director. NBB
- Michael Hauge SøRENSEN stepped down as director. NBB
- Christian Peter DYVIG stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 16.5 million (▼ 34% vs 2024). Source: NBB ↗
- ALOHA MANAGEMENT became a director. NBB
- Michael Hauge SøRENSEN became a director. NBB
- Christian Peter DYVIG became a director. NBB
- New establishment in Waterloo. KBO
In short
From € 10.2 million profit in 2022 to € 16.5 million profit in 2025.
Best year ever: 2023, with € 29.2 million profit.
Pays suppliers within 50 days on average.
Management
It owns 99% of THE COTTON GROUP itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Murielle Degeest
Also active at: THE COTTON GROUP, Falk & Ross Group Belgium
since 2025 · until 2031
Michael Hauge SøRENSEN
Vice-chairman of the board
since 2025 · until 2031
Christian Peter DYVIG
Chairman of the board
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Drève Richelle 161 O box 5
1410 Waterloo
Drève Richelle 161
1410 Waterloo
Active since 30 October 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
All companies at this address →THE COTTON GROUP same network
€ 115.6 million revenue · 2025
A+ ASSURANCES
€ 140,810 gross margin · 2025
Falk & Ross Group Belgium same network
€ 1.9 million gross margin · 2025
FINLIFE
€ 1,242 gross margin · 2025
LVMA TAX CONSULTING
€ 185,359 gross margin · 2025
+11 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
DCLUX-AS Datacenter Luxembourg, LU
Domain
Domain
fristadskansasgroup.com
Registered
2015-05-26
Registrar
EuroDNS S.A.
Expires
2026-05-26
Website info
Features
Security
Details
- Company number
- 0736.950.768
- VAT number
- BE 0736.950.768
- Registered office
- Drève Richelle 161 O bus 5, 1410 Waterloo
- Names & denominations
- BELSKAND
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 October 2019
- Peppol
- Active · Active since 14 Jan 2026