ACTIVE

Rdeco

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Financial year 2025 · closed on 30/11/2025

Net result

-97,5 k €

+73.1% YoY

Gross margin

72,3 k €

+147.6% YoY

Equity

2,9 M €

-3.2% YoY

What does Rdeco do?

Rdeco is a Public limited company incorporated in 1968. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Waregem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0405.436.541

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Groenbek 28
8790 Waregem · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/11/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 46412Wholesale of textiles 46412Wholesale of textiles 51410Air transport 70200Management consultancy activities+2

Joint committees (2)

Signals

Solid equityLow riskGood liquidityPositive cashflow

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2014		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	72,3 k €	+148%	-151,7 k €	-290%	-38,9 k €	-10.0%	-35,3 k €	-114%	257,6 k €		–		–		–		–		–		–		–
EBITDA	-17,4 k €	+90.2%	-178,1 k €	-128%	-77,9 k €	-32.7%	-58,8 k €	-124%	241 k €	-79.9%	1,2 M €	+1556%	-82,3 k €	-114%	599,4 k €	-47.9%	1,2 M €	-24.2%	1,5 M €	+55.5%	976,1 k €	-47.6%	1,9 M €
Operating result	-267,3 k €	+43.3%	-471,5 k €	-36.5%	-345,5 k €	-13.1%	-305,4 k €	-7007%	-4,3 k €	-103%	153,9 k €	+137%	-419,7 k €	-293%	217,8 k €	-14.4%	254,5 k €	-32.4%	376,7 k €	+375%	79,2 k €	-91.7%	958,3 k €
Net result	-97,5 k €	+73.1%	-362,2 k €	-20.8%	-299,8 k €	-10.9%	-270,4 k €	-1030%	-23,9 k €	-103%	829,8 k €	+1477%	52,6 k €	-63.8%	145,5 k €	+2.2%	142,4 k €	+59.0%	89,5 k €	+166%	33,6 k €	-20.6%	42,3 k €
Balance sheet
Equity	2,9 M €	-3.2%	3 M €	-10.7%	3,4 M €	-8.1%	3,7 M €	-6.8%	4 M €	+8.4%	3,6 M €	+29.5%	2,8 M €	+1.9%	2,8 M €	+5.6%	2,6 M €	+5.8%	2,5 M €	+3.8%	2,4 M €	+1.4%	2,4 M €
Total assets	7,3 M €	+18.6%	6,2 M €	+22.9%	5 M €	+10.2%	4,6 M €	-2.4%	4,7 M €	-21.2%	5,9 M €	+0.5%	5,9 M €	+2.6%	5,8 M €	-6.3%	6,1 M €	-38.7%	10 M €	-18.9%	12,4 M €	-9.3%	13,6 M €
Cash	107,9 k €	+82.0%	59,3 k €	-45.8%	109,4 k €	-65.5%	316,9 k €	+52.8%	207,4 k €	-88.9%	1,9 M €	+333%	431,5 k €	-70.4%	1,5 M €	-57.0%	3,4 M €	+2049%	157,7 k €	-76.1%	658,7 k €	+182%	233,6 k €
Debts	3,8 M €	+48.2%	2,5 M €	+144%	1 M €	+337%	238,1 k €	+1541%	14,5 k €	-99.1%	1,6 M €	-47.4%	3 M €	+3.4%	2,9 M €	-15.5%	3,4 M €	-53.9%	7,5 M €	-24.5%	9,9 M €	-11.7%	11,2 M €
Other
Workforce	–		–		–		–		–		23,1 ETP	-27.4%	31,8 ETP	-10.7%	35,6 ETP	-5.1%	37,5 ETP	-17.4%	45,4 ETP	+20.4%	37,7 ETP	+6.8%	35,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2025 · 4 active · 28 ended

Active mandates

Annemie Verhelst

Director · since 31 mai 2025 · until 31 mai 2031

Active

Bouvelo

Managing director · since 31 mai 2025 · until 31 mai 2031 · 0542.454.979

Represented by Myriam Ragolle

Active

Herman Verhelst

Director · since 31 mai 2025 · until 31 mai 2031

Active

Jean-Marie Ragolle

Managing director · since 25 mai 2024 · until 26 mai 2029

Active

Ended mandates

Annemie Verhelst

Bestuurder · since 01 janvier 2024 · until 24 mai 2025

Ended

Annemie Verhelst

Director · since 01 janvier 2024 · until 31 mai 2025

Ended

Bouvelo

Managing director · since 20 novembre 2019 · until 31 mai 2025 · 0542.454.979

Represented by Myriam RAGOLLE

Ended

Bouvelo

Gedelegeerd bestuurder · since 20 novembre 2019 · until 24 mai 2025 · 0542.454.979

Represented by Myriam Ragolle

Ended

At this address

Other companies at this address

Company	CBE no.
Bouvelo● Active	0542.454.979
Bouvelo - FL.W.● Active	0541.946.126
FLANDERS WEAVERS● Active	0428.347.248
PROJECT 0● Active	0817.284.287

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	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/12/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/07/2026	26/06/2025	01/07/2024	29/06/2023	20/07/2022	28/06/2021
General meeting	30/05/2026	31/05/2025	25/05/2024	27/05/2023	28/05/2022	29/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/11/2025	30/05/2026	10/07/2026	Dutch	PDF
Abridged model	30/11/2024	31/05/2025	26/06/2025	Dutch	PDF
Abridged model	30/11/2023	25/05/2024	01/07/2024	Dutch	PDF
Abridged model	30/11/2022	27/05/2023	29/06/2023	Dutch	PDF
Abridged model	30/11/2021	28/05/2022	20/07/2022	Dutch	PDF
Abridged model	30/11/2020	29/05/2021	28/06/2021	Dutch	PDF
Abridged model	30/11/2019	30/05/2020	30/06/2020	Dutch	PDF
Full model	30/11/2018	25/05/2019	25/06/2019	Dutch	PDF
Full model	30/11/2017	26/05/2018	27/06/2018	Dutch	PDF
Full model	30/11/2016	27/05/2017	16/06/2017	Dutch	PDF
Full model	30/11/2015	28/05/2016	27/06/2016	Dutch	PDF
Full model	30/11/2014	30/05/2015	25/06/2015	Dutch	PDF
Full model	31/12/2012	20/06/2013	10/07/2013	Dutch	PDF
Full model	31/12/2011	21/06/2012	09/07/2012	Dutch	PDF
Full model	31/12/2010	16/06/2011	12/07/2011	Dutch	PDF
Full model	31/12/2009	17/06/2010	17/06/2010	Dutch	PDF
Full model	31/12/2008	18/06/2009	01/07/2009	Dutch	PDF
Full model	31/12/2007	19/06/2008	20/06/2008	Dutch	PDF
Full model	31/12/2006	21/06/2007	13/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 30/11/2025 · 4 active · 28 ended

Active mandates

Annemie Verhelst

Director · since 31 mai 2025 · until 31 mai 2031

Active

Bouvelo

Managing director · since 31 mai 2025 · until 31 mai 2031 · 0542.454.979

Represented by Myriam Ragolle

Active

Herman Verhelst

Director · since 31 mai 2025 · until 31 mai 2031

Active

Jean-Marie Ragolle

Managing director · since 25 mai 2024 · until 26 mai 2029

Active

Ended mandates

Annemie Verhelst

Bestuurder · since 01 janvier 2024 · until 24 mai 2025

Ended

Annemie Verhelst

Director · since 01 janvier 2024 · until 31 mai 2025

Ended

Bouvelo

Managing director · since 20 novembre 2019 · until 31 mai 2025 · 0542.454.979

Represented by Myriam RAGOLLE

Ended

Bouvelo

Gedelegeerd bestuurder · since 20 novembre 2019 · until 24 mai 2025 · 0542.454.979

Represented by Myriam Ragolle

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/10/2022
BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/06/2022
MAATSCHAPPELIJKE ZETEL
PDF
Registered office04/10/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates15/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/03/2020
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 2025-97,5 k €↑
2024
Annual accounts 2024-362,2 k €↓
2023
Annual accounts 2023-299,8 k €↓
2022
Annual accounts 2022-270,4 k €↓
2022
Name changeRDECO
2021
Annual accounts 2021-23,9 k €↓
2014
Annual accounts 2014829,8 k €↑
2014
Name changeRagolle Deco
2012
Annual accounts 201252,6 k €↓
2012
Name changeRagolle Fabrics
2011
Annual accounts 2011145,5 k €↑
2010
Annual accounts 2010142,4 k €↑
2009
Annual accounts 200989,5 k €↑
2008
Annual accounts 200833,6 k €↓
2007
Annual accounts 200742,3 k €
2007
Name changeRagotex
01/01/1968
IncorporationPublic 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

Rdeco

Overview

What does Rdeco do?

Trend over 12 financial years

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