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Belysse Group N.V. (BELYS) fair value: what the stock is really worth

As of Aug 4, 2026: fair value of Belysse Group N.V. €0.46, price €0.50, upside -8.9%, quality 37 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Consumer Cyclical · BE · ISIN BE0974314461

BG Thin data Sep 24, 2026

Belysse Group N.V.

BELYS · BR

Low PriorityFair Value upside is limited and quality is weak.

·Fair value €0.4572 · Fairly valued (−8.9%)
!Quality 37/100
!Weak Growth (revenue 5y −0.3 %/yr)
!Loss-making · -2.6% net margin (TTM)
!High debt · generates free cash flow
!Mixed vs. peers (6/11)
!Narrow moat 21/100
!Evidence only low, so the estimate is less certain
!Weak on valuation: 21 out of 100
!Weak on balance sheet: 9 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

€3.81 €0.4600 Fair Value €0.4572 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range €0.4600 – €3.81 · fair‑value band €0.2476 – €0.6680 · the €0.5020 price screens above the €0.4572 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Belysse Group NV manufactures and sells textile floor coverings for commercial and residential applications in Europe, North America, and internationally.

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Belysse Group NV manufactures and sells textile floor coverings for commercial and residential applications in Europe, North America, and internationally. The company offers commercial and residential carpet tiles; commercial and residential broadloom carpet; and packaging for tiles and broadloom, such as cardboard boxes and pallets, as well as cardboard cones and foil. It sells its products under the ITC, modulyss, arc edition, and Bentley brands. The company was formerly known as Balta Group NV and changed its name to Belysse Group NV in October 2022. Belysse Group NV was founded in 1964 and is headquartered in Waregem, Belgium. Belysse Group NV operates as a subsidiary of LSF9 Belysse Holdco S.à r.l.

Stock analysis

Belysse Group N.V. (BELYS) currently trades at €0.5020, while our model-based Fair Value estimate is €0.4572, so the stock looks roughly fairly valued today (gap 9.8%).

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Valuation

Bull case: the DCF Models group reads highest at a median of €3.72 per share, and 14 of the 14 models we run sit above the €0.5020 price.

Bear case: the Earnings-Based group reads lowest at €0.5600, and 0 of the 14 models stay below the price. Evidence for this calculation is low.

Scenario range: €0.2476 (bear) to €0.6680 (bull), the price of €0.5020 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 37/100 (below-average quality), in the Consumer Cyclical sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Belysse Group N.V. reported revenue of €254M in FY2025 versus €277M in FY2021, a compound −2.1%/yr. Reported net income was −€6.6M in FY2025.

Key figures

Market cap €18.5M · P/S ratio 0.07 · EPS (TTM) €−0.1800 · Net margin −2.6% · Return on equity −7.8% · Return on assets (EBIT) 4.6% · Operating margin 6.2% · Revenue (TTM) €254M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).

What moves the price

The share trades about 59% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at −19% fair-value upside, at −9%, BELYS screens cheaper than that median.

Fair Value models

Bear €0.2476 Fair Value €0.4572 Bull €0.6680
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF €3.59 €5.94 €10.15 78
Growth DCF €3.86 €6.12 €9.87 77
Owner Earnings €1.79 €3.48 €6.52 73
All 14 models by family
DCF Models
FCF DCF €3.59 €5.94 €10.15 78
Owner Earnings €1.79 €3.48 €6.52 73
5Y Revenue Exit €1.83 €3.54 €6.02 70
5Y EBITDA Exit €4.16 €7.57 €12.09 73
10Y Revenue Exit €2.40 €3.72 €5.09 67
10Y EBITDA Exit €3.88 €6.15 €8.57 68
Earnings-Based
EPV €0.0900 €0.5600 €0.9600 66
Multiples
EV/EBIT €2.83 €4.71 €6.60 64
EV/EBITDA €5.78 €8.65 €11.52 66
EV/Revenue €0.9800 €2.62 €4.25 50
Asset-Based
NCAV (Graham) €1.04 €1.39 €2.08 54
Growth DCF
Growth DCF €3.86 €6.12 €9.87 77
Rev-Margin DCF €1.83 €3.70 €6.03 70
Economic Profit
ROIC Compounder €0.0900 €0.5600 €0.9600 66

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Quality Score breakdown

Overall quality 37/100

Of which business quality 35 · Market factors (momentum, volatility) 21

Profitability 24
Margins and returns on capital today
Quality Growth 9
Are margins and returns improving?
Cashflow 30
Earnings quality: real cash, not paper profit
Fin. Strength 16
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 66
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 14/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−9.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−9.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.3%
Start year 2020 (pandemic)
Revenue growth 13 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−5.4%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
5.1% (2020) → 5.9% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Textile Manufacturing · 333 stocks

Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside −8.9% · Above median
Profitability
Return on assets 3.1% · Above median
Net margin (TTM) −2.6% · Bottom 25%
Operating margin (TTM) 6.2% · Above median
Growth and dividend
Revenue growth −11.8% · Bottom 25%
Balance sheet
Debt / equity 1.83× · Highest 25%

Valuation Multiplesvs Textile Manufacturing median · lower = cheaper

P/B 0.28× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (TTM) 0.08× · Cheapest 25%
P/FCF 2.1× · Cheapest 25%
EV/EBITDA 7.7× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)21 · sector 10
FUTURE (revenue growth)0 · sector 32
PAST (return on equity)0 · sector 17
HEALTH (low debt)9 · sector 95
DIVIDEND (yield)0 · sector 36

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Textile Manufacturing stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Tongkun Group 601233 ¥23.26 ¥14.53 −38%
Shenzhou International Group 2313 HK$34.08 HK$71.99 +111%
Inner Mongolia ERDOS Resources Co 600295 ¥12.80 ¥14.35 +12%
K.P.R. Mill Limited KPRMILL ₹1,106 ₹901.34 −19%
Zhejiang Orient Holdings 600120 ¥4.65 ¥2.40 −48%
Welspun Living Limited WELSPUNLIV ₹239.17 ₹47.77 −80%
Ruentex Industries Ltd 2915 58.30 TWD 106.63 TWD +83%
Albany International Corp AIN $59.61 $25.00 −58%
Bros Eastern.,Ltd 601339 ¥7.25 ¥7.87 +9%
Vardhman Textiles Limited VTL ₹534.60 ₹269.96 −50%

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€0.4572 −9%Fair Value
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Cite: Fair Value Calculator (2026). "Belysse Group N.V. Fair Value". https://www.fairvalue-calculator.com/stock/BELYS

Frequently asked questions

Is Belysse Group N.V. (BELYS) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of €0.4572 versus the last price from Aug 4, 2026 of €0.5020, about −9% upside (fairly valued).
What is the fair value of BELYS?
Our model-based fair value for Belysse Group N.V. is €0.4572 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Aug 4, 2026): €0.5020.
What is the quality score of BELYS?
Belysse Group N.V. has a Quality Score of 37/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Belysse Group N.V. (BELYS)?
Our model-based price target is the fair value of €0.4572 (as of Sep 24, 2026) from 14 valuation models. Cautious scenario €0.2476, optimistic scenario €0.6680. It is a calculation from audited fundamentals, not an analyst target.
What is the Belysse Group N.V. stock forecast for 2026?
Our models put fair value at €0.4572, about −9% upside versus the last price from Aug 4, 2026 of €0.5020 (fairly valued). Cautious scenario €0.2476, optimistic scenario €0.6680. The calculation is refreshed regularly with new filings.
What is the revenue of Belysse Group N.V. (BELYS)?
Belysse Group N.V. reported trailing-twelve-month revenue of about €254M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Belysse Group N.V. (BELYS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Belysse Group N.V. it is €0.4572 per share (as of Sep 24, 2026), against a price of €0.5020. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Belysse Group N.V. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BELYS trades above its calculated fair value: price €0.5020, fair value €0.4572, a gap of about −9% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BELYS?
No. The price is what the market pays today (€0.5020); the fair value is what the company's own numbers justify (€0.4572). For Belysse Group N.V. the two are €0.0448 per share apart. That gap is exactly why we show both numbers side by side.
How much is Belysse Group N.V. worth?
The market values Belysse Group N.V. at about €18.5M (market capitalisation, as of Sep 24, 2026). Per share that is €0.5020; our models calculate a fair value of €0.4572 per share.
What do the bullish and bearish scenarios say about BELYS?
Our models span a range for Belysse Group N.V.: cautious scenario €0.2476, base €0.4572, optimistic €0.6680 per share (as of Sep 24, 2026, price €0.5020). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Belysse Group N.V. (BELYS)?
Balance-sheet figures for Belysse Group N.V. (as of Sep 24, 2026): return on equity −7.8%, debt of 1.83 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is BELYS from its 52-week high?
Belysse Group N.V. trades at €0.5020, about 59% below its 52-week high of €1.21 and 9% above the low of €0.4600 (as of Aug 4, 2026). Distance from the high says nothing about value: that is what the fair value of €0.4572 is for.
Which stocks are comparable to Belysse Group N.V.?
From the same area (Consumer Cyclical) we also value Tongkun Group, Shenzhou International Group, Inner Mongolia ERDOS Resources Co, K.P.R. Mill Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Belysse Group N.V. stock attractive at the current price?
The data as of Sep 24, 2026: price €0.5020, calculated fair value €0.4572 (−9%), Quality Score 37/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BELYS calculated?
We run Belysse Group N.V. through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €0.4572, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Belysse Group N.V. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Belysse Group N.V. (BELYS)?
The latest price we hold is from Aug 4, 2026 and stands at €0.5020. Our model-based fair value is €0.4572, about −9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Belysse Group N.V. right now?
The model range is unusually wide (€0.2476 to €0.6680). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Belysse Group N.V.

How large is the market capitalisation of Belysse Group N.V. (BELYS)?
The market capitalisation of Belysse Group N.V. is €18.5M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Belysse Group N.V. (BELYS)?
The price-to-sales ratio of Belysse Group N.V. is 0.07 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Belysse Group N.V. (BELYS)?
Earnings per share at Belysse Group N.V. are €−0.1800. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Belysse Group N.V. (BELYS)?
The net margin of Belysse Group N.V. is −2.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Belysse Group N.V. (BELYS)?
The return on equity (ROE) of Belysse Group N.V. is −7.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Belysse Group N.V. (BELYS)?
On an EBIT basis the return on assets of Belysse Group N.V. is 4.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Belysse Group N.V. (BELYS)?
The operating margin of Belysse Group N.V. is 6.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Belysse Group N.V. (BELYS)?
Revenue at Belysse Group N.V. is growing −11.8% versus a year earlier (3y avg −9.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Belysse Group N.V. (BELYS)?
Earnings per share at Belysse Group N.V. are growing −42.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Belysse Group N.V. (BELYS) generate?
The free cash flow of Belysse Group N.V. is €9.7M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Belysse Group N.V. (BELYS) carry?
The net debt of Belysse Group N.V. is €124M (fiscal year 2025, ≈ 12.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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