ACTIVE

SALPHEN

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Financial year 2025 · closed on 31/12/2025

Net result

290,8 k €

-12.2% YoY

Gross margin

354,6 k €

-17.5% YoY

Equity

3,4 M €

+9.4% YoY

Workforce

0,7 ETP

-30.0% YoY

What does SALPHEN do?

SALPHEN is a Private limited company incorporated in 1936. Its main activity is: Plant propagation. Its registered office is in Malle. It employs on average 0,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0404.724.580

Incorporation

13/01/1936

Legal form

Private limited company

Registered office

Salphen 15
2390 Malle · FlandreSee on map

Contributed capital

3 107 106,16 €

Latest accounts

31/12/2025

Average workforce

0,7 ETP

Activities (NACE)

01300Plant propagation· main 01500Mixed farming 01500Mixed farming 01500Mixed farming 01700Hunting, trapping and related service activities 01700Hunting, trapping and related service activities+5

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	354,6 k €	-17.5%	429,7 k €	+4.0%	413,1 k €	+44.8%	285,2 k €	-26.8%	389,6 k €	-17.7%	473,6 k €	+81.6%	260,7 k €	-43.8%	464,2 k €	+138%	194,7 k €	+54.2%	126,3 k €	-61.2%	325,7 k €	+5.7%	308,2 k €	-15.7%	365,8 k €	+18.8%	307,8 k €	+90.0%	162 k €	+84.2%	88 k €	+15.7%	76,1 k €	+67.6%	45,4 k €		–
EBITDA	327,5 k €	+118%	-1,8 M €	-585%	370,7 k €	+51.8%	244,3 k €	-30.2%	350,3 k €	-19.0%	432,7 k €	+97.0%	219,6 k €	-47.3%	416,8 k €	+181%	148,5 k €	+104%	72,8 k €	-72.7%	266,5 k €	+7.2%	248,6 k €	-18.1%	303,6 k €	+24.5%	243,8 k €	+140%	101,5 k €	+268%	27,6 k €	+76.9%	15,6 k €	+733%	1,9 k €	+141%	-4,6 k €
Operating result	270,8 k €	-20.4%	340,3 k €	+131%	-1,1 M €	-945%	-105,1 k €	+0.5%	-105,6 k €	-126%	408,5 k €	+1597%	24,1 k €	-88.3%	206,2 k €	+105%	100,5 k €	+262%	27,8 k €	-87.5%	222,8 k €	+8.6%	205,1 k €	-14.2%	239 k €	+28.4%	186,2 k €	+317%	44,6 k €	+260%	-27,8 k €	+28.3%	-38,8 k €	+31.9%	-56,9 k €	+16.1%	-67,9 k €
Net result	290,8 k €	-12.2%	331,3 k €	+132%	-1 M €	-1821%	-54 k €	-117%	-24,9 k €	-109%	265,6 k €	+19371%	1,4 k €	-99.3%	187,1 k €	+47.5%	126,9 k €	+340%	28,9 k €	-91.9%	355,5 k €	+92.6%	184,6 k €	-22.8%	239,1 k €	+28.4%	186,2 k €	+318%	44,5 k €	+245%	-30,7 k €	+20.6%	-38,7 k €	+31.7%	-56,7 k €	+16.3%	-67,8 k €
Balance sheet
Equity	3,4 M €	+9.4%	3,1 M €	+12.0%	2,8 M €	-27.3%	3,8 M €	-1.4%	3,9 M €	-0.6%	3,9 M €	+7.3%	3,6 M €	+0.0%	3,6 M €	+5.5%	3,4 M €	+3.8%	3,3 M €	+0.9%	3,3 M €	+12.2%	2,9 M €	+10.8%	2,6 M €	+10.0%	2,4 M €	+8.4%	2,2 M €	+2.1%	2,2 M €	-1.4%	2,2 M €	-1.7%	2,2 M €	-2.5%	2,3 M €
Total assets	4,6 M €	-4.3%	4,8 M €	+68.8%	2,8 M €	-46.7%	5,3 M €	-8.6%	5,8 M €	-21.5%	7,4 M €	+4.7%	7,1 M €	-4.3%	7,4 M €	+32.7%	5,6 M €	+1.5%	5,5 M €	+0.4%	5,5 M €	+5.3%	5,2 M €	+43.2%	3,6 M €	+50.7%	2,4 M €	+7.3%	2,3 M €	+2.8%	2,2 M €	-1.7%	2,2 M €	-1.1%	2,3 M €	-2.6%	2,3 M €
Cash	149,2 k €	+236%	44,3 k €	-35.1%	68,4 k €	+137%	28,8 k €	-90.9%	317,8 k €	+4441%	7 k €	+13.0%	6,2 k €	-94.9%	121,5 k €	+678%	15,6 k €	+2281%	656 €	-97.4%	25,6 k €	-32.8%	38,1 k €	-51.4%	78,4 k €	-67.1%	238,5 k €	+1465%	15,2 k €	-75.0%	60,9 k €	-31.5%	88,9 k €	+18.9%	74,8 k €	-12.8%	85,8 k €
Debts	1,2 M €	-29.2%	1,7 M €	+2072%	78,7 k €	-94.9%	1,5 M €	-22.0%	2 M €	-44.6%	3,6 M €	+2.0%	3,5 M €	-8.4%	3,8 M €	+75.6%	2,2 M €	-2.0%	2,2 M €	-0.4%	2,2 M €	-3.3%	2,3 M €	+127%	1 M €	+4061%	24,3 k €	-46.9%	45,8 k €	+58.6%	28,9 k €	-20.1%	36,2 k €	+66.9%	21,7 k €	-13.9%	25,2 k €
Other
Workforce	0,7 ETP	-30.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-16.7%	1,2 ETP	-14.3%	1,4 ETP	+7.7%	1,3 ETP	-23.5%	1,7 ETP	-15.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	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 · 9 ended

Active mandates

Bernard Van Milders

Mandate

Active

Ended mandates

Julie VAN MILDERS

Director · since 01 avril 2019 · until 03 avril 2023

Ended

Bernard VAN MILDERS

Director · since 03 avril 2017 · until 05 avril 2021

Ended

Julie VAN MILDERS

Director · since 22 septembre 2015 · until 01 avril 2019

Ended

Bernard VAN MILDERS

Director · since 02 avril 2012 · until 03 avril 2017

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	30/06/2026	30/07/2025	30/07/2024	31/08/2023	31/10/2022	27/08/2021
General meeting	31/05/2026	30/06/2025	02/04/2024	30/06/2023	30/06/2022	30/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	31/05/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	30/07/2025	Dutch	PDF
Abridged model	31/12/2023	02/04/2024	30/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	31/10/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	27/08/2021	Dutch	PDF
Abridged model	31/12/2019	04/05/2020	25/05/2020	Dutch	PDF
Abridged model	31/12/2018	01/04/2019	12/06/2019	Dutch	PDF
Abridged model	31/12/2017	02/04/2018	22/06/2018	Dutch	PDF
Abridged model	31/12/2016	03/04/2017	22/06/2017	Dutch	PDF
Abridged model	31/12/2015	04/04/2016	21/06/2016	Dutch	PDF
Abridged model	31/12/2014	06/04/2015	22/06/2015	Dutch	PDF
Abridged model	31/12/2013	07/04/2014	24/06/2014	Dutch	PDF
Abridged model	31/12/2012	01/04/2013	09/07/2013	Dutch	PDF
Abridged model	31/12/2011	02/04/2012	13/07/2012	Dutch	PDF
Abridged model	31/12/2010	01/04/2011	08/07/2011	Dutch	PDF
Abridged model	31/12/2009	02/04/2010	24/07/2010	Dutch	PDF
Abridged model	31/12/2008	01/04/2009	11/07/2009	Dutch	PDF
Full model	31/12/2007	01/04/2008	13/07/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	30/07/2007	Dutch	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 · 9 ended

Active mandates

Bernard Van Milders

Mandate

Active

Ended mandates

Julie VAN MILDERS

Director · since 01 avril 2019 · until 03 avril 2023

Ended

Bernard VAN MILDERS

Director · since 03 avril 2017 · until 05 avril 2021

Ended

Julie VAN MILDERS

Director · since 22 septembre 2015 · until 01 avril 2019

Ended

Bernard VAN MILDERS

Director · since 02 avril 2012 · until 03 avril 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/11/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Other16/06/2016
DOEL
PDF
Mandates18/11/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/07/2010
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/04/2007
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - 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 2025290,8 k €↓
2024
Annual accounts 2024331,3 k €↑
2023
Annual accounts 2023-1 M €↓
2022
Annual accounts 2022-54 k €↓
2021
Annual accounts 2021-24,9 k €↓
2020
Annual accounts 2020265,6 k €↑
2019
Annual accounts 20191,4 k €↓
2018
Annual accounts 2018187,1 k €↑
2017
Annual accounts 2017126,9 k €↑
2016
Annual accounts 201628,9 k €↓
2015
Annual accounts 2015355,5 k €↑
2014
Annual accounts 2014184,6 k €↓
2013
Annual accounts 2013239,1 k €↑
2012
Annual accounts 2012186,2 k €↑
2011
Annual accounts 201144,5 k €↑
2010
Annual accounts 2010-30,7 k €↑
2009
Annual accounts 2009-38,7 k €↑
2008
Annual accounts 2008-56,7 k €↑
2007
Annual accounts 2007-67,8 k €
13/01/1936
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

SALPHEN

Overview

What does SALPHEN do?

Trend over 19 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