Belysse
Belysse Group NV is a Belgian publicly listed manufacturer of premium soft flooring — carpets and rugs — sold under the ITC, Modulyss, Bentley, and Arc Edition brands. It operates manufacturing facilities in Belgium and the United States and serves commercial and residential customers in more than 100 countries.
- Company typePublic
- Founded2017
- HeadquartersWaregem, Belgium
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Belysse does
Belysse Group NV is a Belgian-headquartered manufacturer of premium soft flooring — carpets and rugs — sold under four brands: ITC carpets and Modulyss (Belgium), Bentley (United States), and Arc Edition. The company is incorporated as a public limited company in Belgium, listed on Euronext Brussels (ticker: BELYS) and on the OTC Markets (ticker: BLGNF), and was previously known as Balta Group NV until a 2022 rebranding. Belysse reported €254.2 million of revenue for FY2025 with an adjusted EBITDA of €34.4 million (13.5% margin), and serves customers in over 100 countries from manufacturing facilities in Tielt and Zele (Belgium) and City of Industry, California (USA). Headcount is approximately 1,000 employees per the corporate website, with some sources citing 1,300+ colleagues across more than 35 nationalities.
The company's commercial proposition targets premium commercial spaces (offices, retail, hospitality) and premium residential applications, with a horizontal segmentation across these use cases. Belysse distributes through direct sales via brand-specific websites (itc-carpets.com, modulyss.com, bentleymills.com) rather than through disclosed channel partners, and pursues B2B and B2C sales motions with an enterprise tilt given the specification-driven commercial flooring channel. The company is also a member of the SBTi (Science Based Targets initiative) and emphasizes sustainability and circular-economy positioning as a differentiator. Headquartered at Franklin Rooseveltlaan 172-174, Waregem, Belgium, Belysse is led by CEO James Neuling, appointed in February 2024.
FY2025 operating performance was weak: revenue declined 7.1% year-over-year, with the US Bentley segment falling 7% and the European Modulyss segment falling 12.2%. Adjusted EBITDA dropped 19% to €34.4 million, the EBITDA margin compressed from 15.1% to 13.5%, and net debt of €128.6 million at year-end translated to leverage of 4.2x, up from 3.1x in 2024. The Board of Directors underwent two rounds of changes in 2025, consistent with governance reset under deteriorating financial conditions.
Belysse firmographics
Firmographics- Name
- Belysse
- Legal name
- Belysse Group nv
- Website
- https://belysse.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Belysse Group NV is a Belgian publicly listed manufacturer of premium soft flooring — carpets and rugs — sold under the ITC, Modulyss, Bentley, and Arc Edition brands. It operates manufacturing facilities in Belgium and the United States and serves commercial and residential customers in more than 100 countries.
- Ownership category
- akta.pro rank
Belysse industry classification
Industry- Product category
- Textile Floor Coverings
- NAICS
- Carpet and Rug Mills (314110), Carpet and Rug Mills (31411)
- SIC
- Carpets & Rugs (2273)
- akta.pro primary industry
- Broadloom Carpet Manufacturing (IMAOAJAA)
- akta.pro secondary industries
- Tufted Floor Coverings Manufacturing (IMAOAJAE), Area Rug Manufacturing (IMAOAJAC)
Keywords
Where Belysse is headquartered
LocationHeadquarters
- HQ city
- Waregem
- HQ country
- Belgium
- HQ region
- Europe
Offices4 records
Markets served
Belysse business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Others
Revenue model
- Soft flooring product sales: Manufacture and sale of carpets and floor coverings through multiple premium brands (ITC, Modulyss, Bentley) for commercial and residential applications
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Belysse product offering
Product offeringCore offering
Belysse manufactures and sells premium textile floor coverings — primarily carpet tiles and broadloom carpets — for commercial and residential applications. Products are sold under four owned brands (ITC carpets, modulyss, Bentley, and Arc Edition) with manufacturing operations in Belgium (Tielt, Zele) and the United States (City of Industry, California), serving customers in more than 100 countries.
Product overview
Belysse is a soft flooring solutions provider operating as a multi-brand portfolio company. The company offers four premium brands: ITC carpets (Belgian commercial and residential carpets), modulyss (Belgian commercial carpet solutions), Bentley (U.S.-based commercial carpet brand serving the North American market), and Arc Edition (premium carpet brand). All brands specialize in durable floor coverings for premium commercial and residential applications, with manufacturing operations in Belgium (Tielt and Zele) and the United States (Los Angeles, California).
Differentiator
Problem solved
Functional benefit
Brands
- ITC carpets: Premium carpet brand for commercial and residential applications
- Modulyss
- Bentley
- Arc Edition
Products and services
- ITC carpets Premium carpet brand offering durable floor coverings for commercial and residential applications, manufactured at the Tielt, Belgium site.
- modulyss Premium carpet and flooring brand serving commercial markets with sustainable floor covering solutions, manufactured at the Zele, Belgium site.
- Bentley
- Arc Edition Premium floor covering brand offering high-end commercial and residential carpet solutions as part of the Belysse portfolio.
Companies that use Belysse
Customer profileSegments2 records
Ideal customer profiles2 records
Belysse technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Belysse partnerships and signals
Strategic signalScale indicators8 records
Recent moves8 records
Expansion highlights4 records
Belysse competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Belysse social profiles
Digital presenceBelysse financial estimates
Financial estimateRevenue estimate
Valuation estimate
Belysse leadership team
Management profileNumber of profiles
Profiles1 record
Belysse subsidiaries and ownership
Company hierarchySubsidiaries4 records
Belysse funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Belysse M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Belysse
What does Belysse do?
Belysse manufactures and sells premium textile floor coverings — primarily carpet tiles and broadloom carpets — for commercial and residential applications. Products are sold under four owned brands (ITC carpets, modulyss, Bentley, and Arc Edition) with manufacturing operations in Belgium (Tielt, Zele) and the United States (City of Industry, California), serving customers in more than 100 countries.
Is Belysse a public or private company?
Belysse is a public company. It is classified as public and is currently operating.
When was Belysse founded?
Belysse was founded in 2017. It employs 1,001 to 5,000 people.
Where is Belysse based?
Belysse is headquartered in Waregem, Belgium, in the Europe region.
How does Belysse make money?
One revenue line is on record: soft flooring product sales.
Does Belysse have an API?
No public API is recorded for Belysse.
What industry is Belysse in?
Belysse's product category is Textile Floor Coverings. Its primary akta.pro industry code is IMAOAJAA, Broadloom Carpet Manufacturing, with a secondary code of IMAOAJAE, Tufted Floor Coverings Manufacturing. Its NAICS code is 314110 and its SIC code is 2273.