ACTIVE

GOLIATH

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Financial year 2025 · closed on 31/12/2025

Net result

-18,7 k €

-7.1% YoY

Gross margin

54,2 k €

+12.2% YoY

Equity

713,3 k €

-20.6% YoY

What does GOLIATH do?

GOLIATH is a Private limited company incorporated in 1950. Its registered office is in Le Roeulx.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0401.755.489

Incorporation

01/01/1950

Legal form

Private limited company

Registered office

Rue d'Houdeng(R) 193
7070 Le Roeulx · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	54,2 k €	+12.2%	48,3 k €	+35.8%	35,6 k €	-63.8%	98,2 k €	+17.0%	83,9 k €	+22.1%	68,8 k €	+2.5%	67,1 k €	-33.1%	100,3 k €	+10.9%	90,5 k €	-6.0%	96,3 k €	+14.2%	84,3 k €	-28.7%	118,2 k €	-12.0%	134,4 k €	+1.9%	131,8 k €	-9.6%	145,7 k €	+18.4%	123,1 k €	-7.7%	133,4 k €	+13.6%	117,4 k €
EBITDA	26,5 k €	+121%	12 k €	+300%	-6 k €	-115%	40,9 k €	-29.2%	57,7 k €	+58.2%	36,5 k €	-16.4%	43,6 k €	-46.1%	81 k €	+15.4%	70,2 k €	-4.8%	73,7 k €	+9.3%	67,4 k €	-34.8%	103,3 k €	-15.7%	122,5 k €	-1.3%	124,1 k €	-9.9%	137,8 k €	+19.0%	115,8 k €	-4.3%	121 k €	+10.1%	109,9 k €
Operating result	17,3 k €	+539%	-4 k €	+80.6%	-20,4 k €	-179%	25,7 k €	-25.4%	34,4 k €	+76.3%	19,5 k €	-25.7%	26,3 k €	-61.6%	68,5 k €	+12.8%	60,7 k €	-8.6%	66,4 k €	+21.7%	54,5 k €	-40.1%	91 k €	-16.8%	109,4 k €	-1.4%	111 k €	-9.9%	123,2 k €	+13.4%	108,6 k €	-6.4%	116 k €	+11.3%	104,3 k €
Net result	-18,7 k €	-7.1%	-17,5 k €	-0.0%	-17,5 k €	-246%	12 k €	-68.5%	38 k €	+110%	18,1 k €	-28.1%	25,2 k €	-56.0%	57,1 k €	+8.5%	52,7 k €	+1.5%	51,9 k €	+652%	6,9 k €	-91.6%	82,5 k €	+12.3%	73,5 k €	-14.7%	86,2 k €	+3.9%	82,9 k €	+3.4%	80,2 k €	-12.7%	91,9 k €	+19.6%	76,8 k €
Balance sheet
Equity	713,3 k €	-20.6%	898,6 k €	-7.9%	976,1 k €	-5.4%	1 M €	+7.4%	960,1 k €	+4.6%	917,5 k €	+2.0%	899,4 k €	+2.9%	874,3 k €	+3.4%	845,7 k €	+6.6%	793 k €	+7.0%	741,1 k €	+0.9%	734,2 k €	+12.7%	651,7 k €	+12.7%	578,2 k €	+17.5%	492 k €	+20.3%	409,1 k €	+24.4%	328,8 k €	+38.5%	237,4 k €
Total assets	925,8 k €	-6.7%	992,6 k €	-8.2%	1,1 M €	-6.2%	1,2 M €	+11.0%	1 M €	+7.3%	968,9 k €	-1.2%	981 k €	+5.4%	931,1 k €	+1.1%	921 k €	+3.8%	887,2 k €	+7.4%	826,1 k €	-1.9%	842,5 k €	+9.7%	768,1 k €	+6.0%	724,9 k €	+10.5%	656,3 k €	+14.3%	574,3 k €	+2.6%	559,9 k €	+15.7%	484 k €
Cash	469,6 k €	+21.2%	387,3 k €	+1.9%	380,3 k €	-0.6%	382,4 k €	-13.8%	443,8 k €	+41.3%	314,2 k €	-10.2%	349,7 k €	+5.3%	332 k €	-3.2%	343,1 k €	+8.8%	315,3 k €	+17.2%	268,9 k €	+9.6%	245,4 k €	+26.2%	194,5 k €	+6.0%	183,5 k €	+12.6%	163 k €	-5.2%	171,9 k €	-2.7%	176,7 k €	+7.9%	163,8 k €
Debts	212,5 k €	+126%	94 k €	-10.9%	105,5 k €	-13.3%	121,7 k €	+54.0%	79 k €	+54.0%	51,3 k €	-37.0%	81,6 k €	+43.4%	56,9 k €	-24.4%	75,3 k €	-20.1%	94,2 k €	+10.9%	85 k €	-21.5%	108,3 k €	-7.0%	116,4 k €	-20.7%	146,7 k €	-10.7%	164,3 k €	-0.5%	165,2 k €	-28.2%	230 k €	-6.3%	245,5 k €
Other
Workforce	–		2,0 ETP	0.0%	2,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

SERGE VANEECKHOUDT

Mandate

Active

Ended mandates

Serge VANEECKHOUDT

Manager

Ended

Serge VANEECKOUDT

Mandate

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Abridged model	Micro model	Micro model	Micro 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	27/07/2026	18/09/2025	11/07/2024	25/07/2023	30/06/2022	28/06/2021
General meeting	12/06/2026	13/06/2025	22/06/2024	24/06/2023	25/06/2022	26/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	12/06/2026	27/07/2026	French	PDF
Abridged modelCorrection	31/12/2024	13/06/2025	18/09/2025	French	PDF
Abridged model	31/12/2024	13/06/2025	21/07/2025	French	PDF
Abridged model	31/12/2023	22/06/2024	11/07/2024	French	PDF
Micro model	31/12/2022	24/06/2023	25/07/2023	French	PDF
Micro model	31/12/2021	25/06/2022	30/06/2022	French	PDF
Micro model	31/12/2020	26/06/2021	28/06/2021	French	PDF
Micro model	31/12/2019	20/06/2020	22/06/2020	French	PDF
Abridged model	31/12/2018	15/06/2019	17/06/2019	French	PDF
Abridged model	31/12/2017	23/06/2018	25/06/2018	French	PDF
Abridged model	31/12/2016	24/06/2017	14/07/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	28/07/2016	French	PDF
Abridged model	31/12/2014	27/06/2015	13/07/2015	French	PDF
Abridged model	31/12/2013	28/06/2014	08/07/2014	French	PDF
Abridged model	31/12/2012	29/06/2013	30/07/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	07/08/2012	French	PDF
Abridged model	31/12/2010	18/06/2011	06/07/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	05/08/2010	French	PDF
Abridged model	31/12/2008	27/06/2009	22/07/2009	French	PDF
Abridged model	31/12/2007	18/06/2008	12/07/2008	French	PDF
Abridged model	31/12/2006	20/06/2007	25/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 active · 2 ended

Active mandates

SERGE VANEECKHOUDT

Mandate

Active

Ended mandates

Serge VANEECKHOUDT

Manager

Ended

Serge VANEECKOUDT

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/12/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates25/02/2004
DEMISSIONS, NOMINATIONS - DENOMINATION - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL
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 2025-18,7 k €↓
2024
Annual accounts 2024-17,5 k €↓
2023
Annual accounts 2023-17,5 k €↓
2022
Annual accounts 202212 k €↓
2020
Annual accounts 202038 k €↑
2018
Annual accounts 201818,1 k €↓
2017
Annual accounts 201725,2 k €↓
2016
Annual accounts 201657,1 k €↑
2015
Annual accounts 201552,7 k €↑
2014
Annual accounts 201451,9 k €↑
2013
Annual accounts 20136,9 k €↓
2012
Annual accounts 201282,5 k €↑
2011
Annual accounts 201173,5 k €↓
2010
Annual accounts 201086,2 k €↑
2009
Annual accounts 200982,9 k €↑
2008
Annual accounts 200880,2 k €↓
2007
Annual accounts 200791,9 k €↑
2006
Annual accounts 200676,8 k €
01/01/1950
IncorporationPrivate 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

GOLIATH

Overview

What does GOLIATH do?

Trend over 18 financial years

Indicative valuation

Board of directors

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