ACTIVE

DUVEL MOORTGAT

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Financial year 2025 · closed on 31/12/2025
Net result
49,2 M €
+26.9% YoY
Revenue
300,3 M €
-16.0% YoY
Equity
296,2 M €
-6.6% YoY
Workforce
387,2 ETP
-4.1% YoY

What does DUVEL MOORTGAT do?

DUVEL MOORTGAT is a Public limited company incorporated in 1931. Its registered office is in Puurs-Sint-Amands. It employs on average 387,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0400.764.903
Incorporation
12/03/1931
Legal form
Public limited company
Registered office
Breendonk-Dorp 58
2870 Puurs-Sint-Amands · FlandreSee on map
Contributed capital
12 883 204,64 €
Latest accounts
31/12/2025
Average workforce
387,2 ETP
Joint committees (2)
  • 118
  • 220
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201420132012201120102009200820072006
Income statement
Revenue300,3 M €357,6 M €366 M €359,3 M €325,6 M €272,9 M €278,5 M €258,8 M €231,9 M €214,2 M €182,4 M €162,6 M €136,5 M €106,4 M €99 M €93,6 M €84,9 M €75,2 M €69,5 M €
EBITDA55,5 M €51,2 M €51,3 M €59,1 M €68,4 M €51,2 M €73,7 M €56,2 M €49,6 M €50,5 M €50,1 M €39,4 M €30 M €30,8 M €29,1 M €27,5 M €23,2 M €20,9 M €19,3 M €
Operating result42,6 M €38,3 M €38,9 M €47,2 M €53,1 M €38,2 M €63 M €44,3 M €38,7 M €40,2 M €41,6 M €30,1 M €20,1 M €20,9 M €20,2 M €18,1 M €14 M €15,2 M €13,3 M €
Net result49,2 M €38,8 M €60,9 M €52,7 M €54,1 M €42,3 M €66,7 M €67,4 M €30,3 M €32,1 M €37,7 M €27,1 M €14,7 M €16,1 M €14 M €12,7 M €11 M €9,6 M €8,8 M €
Balance sheet
Equity296,2 M €317,1 M €278,3 M €252,4 M €234,7 M €215,6 M €195,2 M €153,6 M €111,2 M €105,9 M €79,9 M €36,6 M €25,5 M €103,3 M €94,9 M €87,7 M €80,7 M €74,9 M €69,4 M €
Total assets746,6 M €791,9 M €778 M €672,5 M €628,9 M €620,6 M €639,3 M €593,5 M €547,6 M €521 M €340,2 M €282,6 M €196,2 M €181 M €171,5 M €142,4 M €134,5 M €123,4 M €107,8 M €
Cash3,8 M €15,5 M €3,1 M €4,2 M €5,1 M €3 M €3,3 M €2,6 M €3,8 M €4,4 M €12 M €8,3 M €10,1 M €13,1 M €9,3 M €15,4 M €11,7 M €9,1 M €6,7 M €
Debts444,4 M €457,8 M €487,5 M €400,5 M €380,4 M €399,2 M €430,1 M €426,2 M €421,5 M €411,6 M €257,5 M €243,9 M €169,3 M €76,5 M €75,2 M €53,4 M €51,8 M €47,2 M €37,2 M €
Other
Workforce387,2 ETP403,8 ETP419,1 ETP409,3 ETP391,2 ETP396,2 ETP390,9 ETP359,7 ETP348,1 ETP331,6 ETP284,3 ETP271,5 ETP261,0 ETP228,1 ETP197,6 ETP189,4 ETP179,5 ETP176,1 ETP165,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 57 ended

Active mandates

A2

Director · since 29 avril 2024 · until 27 avril 2026 · 0807.274.877

Represented by Alain Beyens

Active
Axel Miller

Director · since 29 avril 2024 · until 27 avril 2026

Active
DEREY

Chairman of the board of directors · since 29 avril 2024 · until 27 avril 2026 · 0518.912.980

Represented by Michel Van Hemele

Active
BEMO

Director · since 24 avril 2023 · until 30 avril 2029 · 0784.819.476

Represented by Bernard Moortgat

Active
Hop!nvest

Director · since 24 avril 2023 · until 30 avril 2029 · 0500.733.596

Represented by Veerle Baert

Active
LEMA

Managing director · since 24 avril 2023 · until 30 avril 2029 · 0784.820.862

Represented by Michel Moortgat

Active
LP Invest

Director · since 24 avril 2023 · until 30 avril 2029 · 0784.821.555

Represented by Philippe Moortgat

Active

Ended mandates

BEMO

Director · since 08 juin 2022 · until 24 avril 2023 · 0784.819.476

Represented by Bernard Moortgat

Ended
LEMA

Managing director · since 08 juin 2022 · until 24 avril 2023 · 0784.820.862

Represented by Michel Moortgat

Ended
LP Invest

Director · since 08 juin 2022 · until 24 avril 2023 · 0784.821.555

Represented by Philippe Moortgat

Ended
A2

Director · since 26 avril 2021 · until 29 avril 2024 · 0807.274.877

Represented by Alain Beyens

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/07/202601/08/202529/07/202431/07/202329/07/202205/08/2021
General meeting27/04/202628/04/202529/04/202424/04/202325/04/202226/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

39 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202527/04/202630/07/2026DutchPDF
Full model31/12/202428/04/202501/08/2025DutchPDF
m120-f-p31/12/202428/04/202505/08/2025DutchPDF
Full model31/12/202329/04/202429/07/2024DutchPDF
m121-f-p31/12/202329/04/202429/07/2024DutchPDF
Full model31/12/202224/04/202331/07/2023DutchPDF
m120-f-p31/12/202224/04/202307/08/2023DutchPDF
Full model31/12/202125/04/202229/07/2022DutchPDF
m120-f-p31/12/202125/04/202204/08/2022DutchPDF
Full model31/12/202026/04/202105/08/2021DutchPDF
m120-f-p31/12/202026/04/202105/08/2021DutchPDF
Full model31/12/201919/06/202027/07/2020DutchPDF
m120-f-p31/12/201927/04/202027/07/2020DutchPDF
Full model31/12/201829/04/201923/05/2019DutchPDF
m120-f-p31/12/201829/04/201923/05/2019DutchPDF
Full model31/12/201715/05/201822/06/2018DutchPDF
m120-f-p31/12/201715/05/201825/06/2018DutchPDF
Full model31/12/201624/04/201708/06/2017DutchPDF
m120-f-p31/12/201624/04/201708/06/2017DutchPDF
Full model31/12/201525/04/201607/07/2016DutchPDF
m120-f-p31/12/201525/04/201607/07/2016DutchPDF
Full model31/12/201427/04/201526/05/2015DutchPDF
m120-f-p31/12/201427/04/201526/05/2015DutchPDF
Full model31/12/201328/04/201427/05/2014DutchPDF

View all 39 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 M€

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 31/12/2025 · 7 active · 57 ended

Active mandates

A2

Director · since 29 avril 2024 · until 27 avril 2026 · 0807.274.877

Represented by Alain Beyens

Active
Axel Miller

Director · since 29 avril 2024 · until 27 avril 2026

Active
DEREY

Chairman of the board of directors · since 29 avril 2024 · until 27 avril 2026 · 0518.912.980

Represented by Michel Van Hemele

Active
BEMO

Director · since 24 avril 2023 · until 30 avril 2029 · 0784.819.476

Represented by Bernard Moortgat

Active
Hop!nvest

Director · since 24 avril 2023 · until 30 avril 2029 · 0500.733.596

Represented by Veerle Baert

Active
LEMA

Managing director · since 24 avril 2023 · until 30 avril 2029 · 0784.820.862

Represented by Michel Moortgat

Active
LP Invest

Director · since 24 avril 2023 · until 30 avril 2029 · 0784.821.555

Represented by Philippe Moortgat

Active

Ended mandates

BEMO

Director · since 08 juin 2022 · until 24 avril 2023 · 0784.819.476

Represented by Bernard Moortgat

Ended
LEMA

Managing director · since 08 juin 2022 · until 24 avril 2023 · 0784.820.862

Represented by Michel Moortgat

Ended
LP Invest

Director · since 08 juin 2022 · until 24 avril 2023 · 0784.821.555

Represented by Philippe Moortgat

Ended
A2

Director · since 26 avril 2021 · until 29 avril 2024 · 0807.274.877

Represented by Alain Beyens

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring02/09/2026
    Neerlegging van een gemeenschappelijk fusievoorstel tot een geruisloze
    PDF
  • Mandates22/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/10/2025
    ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF
  • Mandates24/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/06/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/11/2021
    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

Timeline

  1. 27/04/2026
    reconductionDerey CommV — bestuurder
  2. 27/04/2026
    reconductionA2 BV — bestuurder
  3. 2025
    Annual accounts 202549,2 M €↑
  4. 28/04/2025
    reconductionDe Roover & Partners Bedrijfsrevisoren BV — Commissaris
  5. 2024
    Annual accounts 202438,8 M €↓
  6. 29/04/2024
    nominationDerey CommV — bestuurder
  7. 29/04/2024
    nominationA2 BV — bestuurder
  8. 29/04/2024
    nominationAxel Miller — bestuurder
  9. 2023
    Annual accounts 202360,9 M €↑
  10. 24/04/2023
    nominationLema BV — bestuurder
  11. 24/04/2023
    nominationLP Invest BV — bestuurder
  12. 24/04/2023
    nominationBemo BV — bestuurder
  13. 24/04/2023
    nominationHoplirvest BV — bestuurder
  14. 2022
    Annual accounts 202252,7 M €↓
  15. 08/06/2022
    nominationLEMA BV — bestuurder
  16. 08/06/2022
    nominationBEMO BV — bestuurder
  17. 08/06/2022
    nominationLP INVEST BV — bestuurder
  18. 25/04/2022
    reconductionDe Roover & Partners Bedrijfsrevisoren — commissaris
  19. 2021
    Annual accounts 202154,1 M €↑
  20. 2020
    Annual accounts 202042,3 M €↓
  21. 2019
    Annual accounts 201966,7 M €↓
  22. 2018
    Annual accounts 201867,4 M €↑
  23. 2017
    Annual accounts 201730,3 M €↓
  24. 2016
    Annual accounts 201632,1 M €↓
  25. 2014
    Annual accounts 201437,7 M €↑
  26. 2013
    Annual accounts 201327,1 M €↑
  27. 2012
    Annual accounts 201214,7 M €↓
  28. 2011
    Annual accounts 201116,1 M €↑
  29. 2010
    Annual accounts 201014 M €↑
  30. 2009
    Annual accounts 200912,7 M €↑
  31. 2008
    Annual accounts 200811 M €↑
  32. 2007
    Annual accounts 20079,6 M €↑
  33. 2006
    Annual accounts 20068,8 M €
  34. 12/03/1931
    IncorporationPublic limited company