ACTIVE

DUVEL MOORTGAT

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Financial year 2025 · Closed on 31/12/2025

Net result49,2 M €+26,9 %over 1 year

Revenue300,3 M €-16,0 %over 1 year

Equity296,2 M €-6,6 %over 1 year

Workforce387,2 ETP-4,1 %over 1 year

Identity

Source · BCE/KBO

DUVEL MOORTGAT is a Public limited company incorporated in 1931. Its main activity is: Manufacture of beer. 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

Activities (NACE)

11050Manufacture of beer· main 11050Manufacture of beer 15960Manufacture of leather and related products 11070Manufacture of soft drinks; production of mineral waters and other bottled waters 11070Manufacture of soft drinks; production of mineral waters and other bottled waters 15980Manufacture of leather and related products+3

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 39 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	300,3 M €	-16.0%	357,6 M €	-2.3%	366 M €	+1.9%	359,3 M €	+10.3%	325,6 M €
EBITDA	55,5 M €	+8.3%	51,2 M €	-0.1%	51,3 M €	-13.3%	59,1 M €	-13.6%	68,4 M €
Operating result	42,6 M €	+11.0%	38,3 M €	-1.5%	38,9 M €	-17.5%	47,2 M €	-11.2%	53,1 M €
Net result	49,2 M €	+26.9%	38,8 M €	-36.4%	60,9 M €	+15.7%	52,7 M €	-2.7%	54,1 M €
Balance sheet
Equity	296,2 M €	-6.6%	317,1 M €	+13.9%	278,3 M €	+10.3%	252,4 M €	+7.5%	234,7 M €
Total assets	746,6 M €	-5.7%	791,9 M €	+1.8%	778 M €	+15.7%	672,5 M €	+6.9%	628,9 M €
Cash	3,8 M €	-75.8%	15,5 M €	+401%	3,1 M €	-25.3%	4,2 M €	-19.2%	5,1 M €
Debts	444,4 M €	-2.9%	457,8 M €	-6.1%	487,5 M €	+21.7%	400,5 M €	+5.3%	380,4 M €
Other
Workforce	387,2 ETP	-4.1%	403,8 ETP	-3.7%	419,1 ETP	+2.4%	409,3 ETP	+4.6%	391,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
A20807.274.877Represented by Alain Beyens	Director01/06/2011 → 27/04/2026
Axel Miller	Director01/06/2011 → 27/04/2026
DEREY0518.912.980Represented by Michel Van Hemele	Chairman of the board of directors26/04/2021 → 27/04/2026
BEMO0784.819.476Represented by Bernard Moortgat	Director08/06/2022 → 30/04/2029
Hop!nvest0500.733.596Represented by Veerle Baert	Director05/06/2013 → 30/04/2029
LEMA0784.820.862Represented by Michel Moortgat	Managing director08/06/2022 → 30/04/2029
LP Invest0784.821.555Represented by Philippe Moortgat	Director08/06/2022 → 30/04/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
RUBUS0466.302.754Represented by Michel Van Hemele	Chairman of the board of directors30/04/2018 → 2020 accounts
BEMO0463.200.437Represented by Bernard Moortgat	Director24/04/2017 → 2021 accounts
LEMA0463.212.513Represented by Michel Moortgat	Managing director24/04/2017 → 2021 accounts
LP INVEST0463.200.635Represented by Philippe Moortgat	Director24/04/2017 → 2021 accounts

Other companies at this address

Breendonk-Dorp 58 2870 Puurs-Sint-Amands

Company	CBE no.
FIBEMI● Active	0784.819.278
Gildenhuis Wilrijk● Active	0404.001.238
G.O.D● Active	0799.541.108
JUJEMA BV● Active	0784.819.575
KEBOLA● Active	0884.197.560
La Vallée des Fées● Active	0421.977.120
Moor 55● Active	0784.821.159
Moortgat Consumer Services● Active	0450.984.078
Moortgat Financial Services● Active	0427.447.128
Moortgat Real Estate● Active	0644.999.124
PARALLEL● Active	0442.713.245
PBM HOLDING● Active	0784.819.377
WEXFORD Invest● Active	0784.821.456

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/07/2026	01/08/2025	29/07/2024	31/07/2023	29/07/2022	05/08/2021
General meeting	27/04/2026	28/04/2025	29/04/2024	24/04/2023	25/04/2022	26/04/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 39 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	27/04/2026	30/07/2026	Dutch	PDF
Full model	31/12/2024	28/04/2025	01/08/2025	Dutch	PDF
Consolidated accounts	31/12/2024	28/04/2025	05/08/2025	Dutch	PDF
Full model	31/12/2023	29/04/2024	29/07/2024	Dutch	PDF
Consolidated accounts	31/12/2023	29/04/2024	29/07/2024	Dutch	PDF
Full model	31/12/2022	24/04/2023	31/07/2023	Dutch	PDF
Consolidated accounts	31/12/2022	24/04/2023	07/08/2023	Dutch	PDF
Full model	31/12/2021	25/04/2022	29/07/2022	Dutch	PDF
Consolidated accounts	31/12/2021	25/04/2022	04/08/2022	Dutch	PDF
Full model	31/12/2020	26/04/2021	05/08/2021	Dutch	PDF
Consolidated accounts	31/12/2020	26/04/2021	05/08/2021	Dutch	PDF
Full model	31/12/2019	19/06/2020	27/07/2020	Dutch	PDF
Consolidated accounts	31/12/2019	27/04/2020	27/07/2020	Dutch	PDF
Full model	31/12/2018	29/04/2019	23/05/2019	Dutch	PDF
Consolidated accounts	31/12/2018	29/04/2019	23/05/2019	Dutch	PDF
Full model	31/12/2017	15/05/2018	22/06/2018	Dutch	PDF
Consolidated accounts	31/12/2017	15/05/2018	25/06/2018	Dutch	PDF
Full model	31/12/2016	24/04/2017	08/06/2017	Dutch	PDF
Consolidated accounts	31/12/2016	24/04/2017	08/06/2017	Dutch	PDF
Full model	31/12/2015	25/04/2016	07/07/2016	Dutch	PDF
Consolidated accounts	31/12/2015	25/04/2016	07/07/2016	Dutch	PDF
Full model	31/12/2014	27/04/2015	26/05/2015	Dutch	PDF
Consolidated accounts	31/12/2014	27/04/2015	26/05/2015	Dutch	PDF
Full model	31/12/2013	28/04/2014	27/05/2014	Dutch	PDF

View all 39 filings

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.

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
A20807.274.877Represented by Alain Beyens	Director01/06/2011 → 27/04/2026
Axel Miller	Director01/06/2011 → 27/04/2026
DEREY0518.912.980Represented by Michel Van Hemele	Chairman of the board of directors26/04/2021 → 27/04/2026
BEMO0784.819.476Represented by Bernard Moortgat	Director08/06/2022 → 30/04/2029
Hop!nvest0500.733.596Represented by Veerle Baert	Director05/06/2013 → 30/04/2029
LEMA0784.820.862Represented by Michel Moortgat	Managing director08/06/2022 → 30/04/2029
LP Invest0784.821.555Represented by Philippe Moortgat	Director08/06/2022 → 30/04/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
RUBUS0466.302.754Represented by Michel Van Hemele	Chairman of the board of directors30/04/2018 → 2020 accounts
BEMO0463.200.437Represented by Bernard Moortgat	Director24/04/2017 → 2021 accounts
LEMA0463.212.513Represented by Michel Moortgat	Managing director24/04/2017 → 2021 accounts
LP INVEST0463.200.635Represented by Philippe Moortgat	Director24/04/2017 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1931

Name

Registered office

Annual accounts

Filings19 filings

Mandates

DEREY

Axel Miller

Hop!nvest

BEMO

LEMA

LP Invest

RUBUS

BEMO

LP INVEST

LEMA

Alain Beyens

Show the 2 other mandates

1966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

DUVEL MOORTGAT

Breendonk-Dorp 58, 2870 Puurs-Sint-Amands

Chairman of the board of directors

Director

Managing director

Director

Chairman of the board of directors

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Breendonk-Dorp 58, 2870 Puurs-Sint-AmandsCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00352412

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
DUVEL MOORTGATCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00352412

Events

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

DUVEL MOORTGAT

Overview

Identity

Financials

Valuation

Indicative valuation

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

Timeline

Registered offices

Company names

Events