ACTIVE

Willems Bakeries

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Financial year 2025 · Closed on 31/12/2025

Net result12,2 M €-14,9 %over 1 year

Revenue104,5 M €-2,2 %over 1 year

Equity88,8 M €+15,9 %over 1 year

Workforce167,4 ETP+13,0 %over 1 year

Identity

Source · BCE/KBO

Willems Bakeries is a Private limited company incorporated in 1965. Its main activity is: Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes. Its registered office is in Eeklo. It employs on average 167,4 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0401.006.413
Incorporation: 13/01/1965
Legal form: Private limited company
Registered office: Nieuwendorpe 33 box C
9900 Eeklo · FlandreSee on map
Contributed capital: 599 000,00 €
Latest accounts: 31/12/2025
Average workforce: 167,4 ETP

Activities (NACE)

10720Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes· main 10720Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes 15820Manufacture of leather and related products

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	104,5 M €	-2.2%	106,9 M €	+5.1%	101,7 M €	+27.8%	79,6 M €	+10.9%	71,8 M €
EBITDA	18,4 M €	-5.2%	19,4 M €	+20.9%	16,1 M €	+67.1%	9,6 M €	-9.0%	10,6 M €
Operating result	15,4 M €	-13.3%	17,8 M €	+17.7%	15,1 M €	+66.8%	9 M €	-10.8%	10,1 M €
Net result	12,2 M €	-14.9%	14,3 M €	+19.6%	12 M €	+75.5%	6,8 M €	-10.6%	7,6 M €
Balance sheet
Equity	88,8 M €	+15.9%	76,6 M €	+23.0%	62,3 M €	+117%	28,7 M €	+31.2%	21,9 M €
Total assets	106 M €	+15.7%	91,7 M €	+14.6%	80 M €	+57.0%	51 M €	+31.8%	38,7 M €
Cash	64,5 M €	+16.2%	55,5 M €	+4.5%	53,2 M €	+60.7%	33,1 M €	+54.5%	21,4 M €
Debts	17,3 M €	+14.5%	15,1 M €	-15.0%	17,7 M €	-20.4%	22,3 M €	+32.7%	16,8 M €
Other
Workforce	167,4 ETP	+13.0%	148,1 ETP	+11.9%	132,4 ETP	+11.7%	118,5 ETP	+13.2%	104,7 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

4 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Saskia De Paepe	Managing director01/10/2024 → 03/05/2030
Ignace Heyman	Director05/05/2023 → 04/05/2029
Johannes Van de Par	Director05/05/2023 → 04/05/2029Managing director05/05/2023 → 2023 accountsended
Pieter Grymonpré	Director05/05/2023 → 04/05/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
William Du Pré	Chairman of the board of directors05/05/2023 → 2024 accountsAdministrator - manager01/10/2019 → 2022 accounts
Jan Boone	Director19/02/2013 → 05/05/2023

Other companies at this address

Nieuwendorpe 33 9900 Eeklo

Company	CBE no.
DN Steel Concepts● Active	0732.884.785
LABEL INVEST PAUWELS● Active	0458.750.711
LVS technics● Active	0847.861.261

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	18/05/2026	26/05/2025	30/05/2024	22/05/2023	23/05/2022	01/06/2021
General meeting	04/05/2026	02/05/2025	03/05/2024	05/05/2023	06/05/2022	07/05/2021
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, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	04/05/2026	18/05/2026	Dutch	PDF
Full model	31/12/2024	02/05/2025	26/05/2025	Dutch	PDF
Full model	31/12/2023	03/05/2024	30/05/2024	Dutch	PDF
Full model	31/12/2022	05/05/2023	22/05/2023	Dutch	PDF
Full model	31/12/2021	06/05/2022	23/05/2022	Dutch	PDF
Full model	31/12/2020	07/05/2021	01/06/2021	Dutch	PDF
Full model	31/12/2019	04/05/2020	15/05/2020	Dutch	PDF
Full model	31/12/2018	03/05/2019	13/05/2019	Dutch	PDF
Full model	31/12/2017	04/05/2018	28/05/2018	Dutch	PDF
Full model	31/12/2016	05/05/2017	19/05/2017	Dutch	PDF
Full modelCorrection	31/12/2015	06/05/2016	17/06/2016	Dutch	PDF
Full model	31/12/2015	06/05/2016	20/05/2016	Dutch	PDF
Full model	31/12/2014	04/05/2015	19/05/2015	Dutch	PDF
Full model	31/12/2013	19/05/2014	26/05/2014	Dutch	PDF
Full model	31/12/2012	19/02/2013	21/06/2013	Dutch	PDF
Full model	31/12/2011	21/05/2012	16/07/2012	Dutch	PDF
Full model	31/12/2010	16/05/2011	01/07/2011	Dutch	PDF
Full model	31/12/2009	17/05/2010	19/07/2010	Dutch	PDF
Full model	31/12/2008	18/05/2009	10/06/2009	Dutch	PDF
Abridged model	31/12/2007	19/05/2008	10/07/2008	Dutch	PDF
Abridged model	31/12/2006	21/05/2007	20/07/2007	Dutch	PDF

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

4 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Saskia De Paepe	Managing director01/10/2024 → 03/05/2030
Ignace Heyman	Director05/05/2023 → 04/05/2029
Johannes Van de Par	Director05/05/2023 → 04/05/2029Managing director05/05/2023 → 2023 accountsended
Pieter Grymonpré	Director05/05/2023 → 04/05/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
William Du Pré	Chairman of the board of directors05/05/2023 → 2024 accountsAdministrator - manager01/10/2019 → 2022 accounts
Jan Boone	Director19/02/2013 → 05/05/2023

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other02/10/2026
BENAMING, WIJZIGING RECHTSVORM, STATUTEN (VERTALING,
PDF
Mandates25/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring06/06/2023
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring31/03/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates26/01/2023
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

Incorporation1965

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Saskia De Paepe

Pieter Grymonpré

Johannes Van de Par

Ignace Heyman

William Du Pré

Jan Boone

Frans Castelein

19661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

Biscuiterie Willems

Nieuwendorpe 33 bte C, 9900 Eeklo

Managing director

Director

Chairman of the board of directorsAdministrator - manager

DirectorAdministrator - manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Nieuwendorpe 33 bte C, 9900 EekloCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00115810

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Willems BakeriesCurrent	CBE since 01/10/2026	CBE
Biscuiterie Willems	CBE until 01/10/2026	CBE
Biscuiterie Willems	accounts 2021 → 2025	Accounts 2025 · 2026-00115810

Events

01/10/2026
Name changeWillems Bakeries
05/05/2026
nominationMaes Jeroen · bestuurder
2025
Annual accounts 202512,2 M €↓
02/05/2025
nominationDeloitte Bedrijfsrevisoren · commissaris
2024
Annual accounts 202414,3 M €↑
01/10/2024
nominationSaskia De Paepe · bestuurder
2023
Annual accounts 202312 M €↑
05/05/2023
nominationJohn Van de Par · Gedelegeerd Bestuurder
05/05/2023
nominationWilliam Du Pré · Voorzitter van de Raad van Bestuur
05/05/2023
nominationIgnace Heyman · bestuurder
05/05/2023
nominationPieter Grymonpré · bestuurder
2022
Annual accounts 20226,8 M €↓
06/05/2022
reconductionPwC Bedrijfsrevisoren BV · commissaris
2021
Annual accounts 20217,6 M €↓
2020
Annual accounts 20207,7 M €↓
2019
Annual accounts 20198,7 M €↑
2018
Annual accounts 20187,1 M €↑
2017
Annual accounts 20175,9 M €↑
2016
Annual accounts 20165,8 M €↑
2015
Annual accounts 20153,2 M €↑
2014
Annual accounts 20142,2 M €↓
2013
Annual accounts 20132,3 M €↑
2012
Annual accounts 20121,9 M €↑
2011
Annual accounts 20111,3 M €↓
2010
Annual accounts 20102,2 M €↑
2009
Annual accounts 20091,7 M €↑
2008
Annual accounts 20081 M €↑
2007
Annual accounts 2007742,4 k €↑
2006
Annual accounts 2006658,2 k €
13/01/1965
IncorporationPrivate limited company

Willems Bakeries

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