ACTIVE

Niagara

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Financial year 2025 · closed on 30/09/2025

Net result

-1,9 k €

-79.3% YoY

Gross margin

-1,5 k €

-129.0% YoY

Equity

-19,5 k €

-11.0% YoY

What does Niagara do?

Niagara is a Public limited company incorporated in 1968. Its main activity is: Manufacture of agricultural and forestry machinery. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0400.311.773

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Avenue Louise 390 box 16
1050 Ixelles · BruxellesSee on map

Contributed capital

743 680,57 €

Latest accounts

30/09/2025

Activities (NACE)

28300Manufacture of agricultural and forestry machinery· main 28300Manufacture of agricultural and forestry machinery 29321Manufacture of other parts and accessories for motor vehicles

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-1,5 k €	-129%	-658,8 €	+14.3%	-768,4 €	+9.8%	-852 €	+41.8%	-1,5 k €	-656%	-193,6 €	+52.2%	-404,6 €	+48.9%	-792,1 €	-162%	-302,9 €	+59.0%	-738,5 €	-293%	-188,1 €	-136%	518,7 €	+127%	-2 k €	-310%	928,3 €	+141%	-2,3 k €	-1.8%	-2,2 k €	+38.8%	-3,6 k €	-171%	-1,3 k €
EBITDA	-1,9 k €	-81.8%	-1 k €	+7.4%	-1,1 k €	-32.3%	-852 €	+42.5%	-1,5 k €	-64.5%	-900,6 €	-19.7%	-752,1 €	+34.0%	-1,1 k €	-12.8%	-1 k €	-36.7%	-738,5 €	-18.2%	-624,6 €	-465%	171,2 €	+107%	-2,3 k €	-498%	580,8 €	+122%	-2,6 k €	-0.5%	-2,6 k €	+35.5%	-4 k €	-184%	-1,4 k €
Operating result	-1,9 k €	-81.8%	-1 k €	+7.4%	-1,1 k €	-32.3%	-852 €	+42.5%	-1,5 k €	-64.5%	-900,6 €	-19.7%	-752,1 €	+34.0%	-1,1 k €	-12.8%	-1 k €	-36.7%	-738,5 €	-18.2%	-624,6 €	-465%	171,2 €	+107%	-2,3 k €	-498%	580,8 €	+122%	-2,6 k €	-0.5%	-2,6 k €	+35.5%	-4 k €	-184%	-1,4 k €
Net result	-1,9 k €	-79.3%	-1,1 k €	+7.2%	-1,2 k €	-30.0%	-897 €	+41.3%	-1,5 k €	-61.5%	-946,6 €	-19.2%	-794,1 €	+32.8%	-1,2 k €	-13.0%	-1 k €	-30.3%	-802,3 €	-20.6%	-665,5 €	-680%	114,8 €	+105%	-2,3 k €	-552%	516,8 €	+112%	-4,4 k €	-69.1%	-2,6 k €	+36.8%	-4,1 k €	-108%	-2 k €
Balance sheet
Equity	-19,5 k €	-11.0%	-17,6 k €	-6.6%	-16,5 k €	-7.6%	-15,3 k €	-6.2%	-14,4 k €	-11.8%	-12,9 k €	-7.9%	-12 k €	-7.1%	-11,2 k €	-11.8%	-10 k €	-11.7%	-8,9 k €	-9.9%	-8,1 k €	-8.9%	-7,5 k €	-61.5%	-4,6 k €	-102%	-2,3 k €	+18.4%	-2,8 k €	-279%	1,6 k €	-62.2%	4,2 k €	-49.6%	8,2 k €
Total assets	15,8 k €	-20.3%	19,9 k €	+29.4%	15,4 k €	-12.1%	17,5 k €	-2.7%	18 k €	+10.0%	16,3 k €	-7.6%	17,7 k €	-2.8%	18,2 k €	+6.6%	17,1 k €	-3.5%	17,7 k €	+9.2%	16,2 k €	-0.0%	16,2 k €	-24.8%	21,5 k €	-19.5%	26,8 k €	+72.8%	15,5 k €	+97.7%	7,8 k €	-0.3%	7,9 k €	-4.8%	8,2 k €
Cash	2,7 k €	-38.8%	4,5 k €	+2817%	153,7 €	-91.0%	1,7 k €	-22.0%	2,2 k €	+245%	637,3 €	-67.9%	2 k €	-20.5%	2,5 k €	+131%	1,1 k €	-30.5%	1,6 k €	+143%	641,2 €	+137%	270,5 €	-85.2%	1,8 k €	+231%	552,6 €	-44.2%	989,5 €		–		–		–
Debts	35,4 k €	-5.6%	37,5 k €	+17.6%	31,9 k €	-1.4%	32,3 k €	-0.2%	32,4 k €	+10.8%	29,2 k €	-1.4%	29,6 k €	+1.0%	29,4 k €	+8.6%	27 k €	+1.6%	26,6 k €	+11.0%	24 k €	+1.3%	23,7 k €	-9.5%	26,2 k €	-9.9%	29 k €	+58.8%	18,3 k €		–		3,7 k €		–

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 25 ended

Active mandates

Louis Vandermeersch

Director

Active

Ruttachuck Rungsiwiwut

Director

Active

Xavier VANDERMEERSCH

Director

Active

Ended mandates

François VANDERMEERSCH

Director · since 08 mars 2017 · until 07 mars 2023

Ended

Gaetan VAN DE WYER

Managing director · since 08 mars 2017 · until 07 mars 2023

Ended

LOUIS VANDERMEERSCH

Director · since 08 mars 2017 · until 07 mars 2023

Ended

Gaetan VAN DE WYER

Managing director · since 31 mars 2011 · until 09 mars 2017

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/05/2026	16/05/2025	29/05/2024	30/05/2023	26/04/2022	31/05/2021
General meeting	09/03/2026	10/03/2025	09/03/2024	09/03/2023	09/03/2022	09/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	09/03/2026	27/05/2026	French	PDF
Micro model	30/09/2024	10/03/2025	16/05/2025	French	PDF
Micro model	30/09/2023	09/03/2024	29/05/2024	French	PDF
Micro model	30/09/2022	09/03/2023	30/05/2023	French	PDF
Micro model	30/09/2021	09/03/2022	26/04/2022	French	PDF
Micro model	30/09/2020	09/03/2021	31/05/2021	French	PDF
Micro model	30/09/2019	09/03/2020	30/04/2020	French	PDF
Micro model	30/09/2018	11/03/2019	30/04/2019	French	PDF
Micro model	30/09/2017	09/03/2018	28/05/2018	French	PDF
Abridged model	30/09/2016	09/03/2017	30/05/2017	French	PDF
Abridged model	30/09/2015	09/03/2016	31/05/2016	French	PDF
Abridged model	30/09/2014	09/03/2015	28/05/2015	French	PDF
Abridged model	30/09/2012	11/03/2013	12/03/2013	French	PDF
Abridged model	30/09/2011	12/03/2012	17/03/2012	French	PDF
Abridged model	30/09/2010	08/03/2011	20/03/2011	French	PDF
Abridged model	30/09/2009	09/03/2010	13/03/2010	French	PDF
Abridged model	30/09/2008	10/03/2009	17/03/2009	French	PDF
Abridged model	30/09/2007	04/03/2008	13/03/2008	French	PDF
Abridged model	30/09/2006	06/03/2007	26/03/2007	Dutch	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 25 ended

Active mandates

Louis Vandermeersch

Director

Active

Ruttachuck Rungsiwiwut

Director

Active

Xavier VANDERMEERSCH

Director

Active

Ended mandates

François VANDERMEERSCH

Director · since 08 mars 2017 · until 07 mars 2023

Ended

Gaetan VAN DE WYER

Managing director · since 08 mars 2017 · until 07 mars 2023

Ended

LOUIS VANDERMEERSCH

Director · since 08 mars 2017 · until 07 mars 2023

Ended

Gaetan VAN DE WYER

Managing director · since 31 mars 2011 · until 09 mars 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates12/01/2018
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Registered office04/04/2016
SIEGE SOCIAL
PDF
Mandates12/04/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates22/04/2008
DEMISSIONS, NOMINATIONS
PDF
Registered office07/11/2007
MAATSCHAPPELIJKE ZETEL
PDF
Mandates19/09/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/04/2005
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-1,9 k €↓
2024
Annual accounts 2024-1,1 k €↑
2023
Annual accounts 2023-1,2 k €↓
2022
Annual accounts 2022-897 €↑
2021
Annual accounts 2021-1,5 k €↓
2020
Annual accounts 2020-946,6 €↓
2019
Annual accounts 2019-794,1 €↑
2018
Annual accounts 2018-1,2 k €↓
2017
Annual accounts 2017-1 k €↓
2016
Annual accounts 2016-802,3 €↓
2015
Annual accounts 2015-665,5 €↓
2014
Annual accounts 2014114,8 €↑
2012
Annual accounts 2012-2,3 k €↓
2011
Annual accounts 2011516,8 €↑
2010
Annual accounts 2010-4,4 k €↓
2009
Annual accounts 2009-2,6 k €↑
2008
Annual accounts 2008-4,1 k €↓
2007
Annual accounts 2007-2 k €
01/01/1968
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Niagara

Overview

What does Niagara do?

Trend over 18 financial years

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline