ACTIVE

De Beide Vlaanderen

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Financial year 2025 · Closed on 31/12/2025

Net result179,1 k €+123,0 %over 1 year
Revenue4,6 M €+44,2 %over 1 year
Equity15,8 M €-0,4 %over 1 year
Workforce14,2 ETP-15,0 %over 1 year

Identity

Source · BCE/KBO

De Beide Vlaanderen is a Public limited company incorporated in 1960. Its main activity is: Development of building projects. Its registered office is in Kortemark. It employs on average 14,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0405.489.197
Incorporation
02/03/1960
Legal form
Public limited company
Registered office
Den Triangel 2
8610 Kortemark · FlandreSee on map
Contributed capital
11 035 344,91 €
Latest accounts
31/12/2025
Average workforce
14,2 ETP
Joint committees (4)
  • 100
  • 200
  • 218
  • 308
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 29 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue4,6 M €3,2 M €6,3 M €5,1 M €3,9 M €
EBITDA1,6 M €504,3 k €3,8 M €2,1 M €1,8 M €
Operating result1,6 M €483,8 k €3,7 M €2,1 M €1,8 M €
Net result179,1 k €-779,5 k €2 M €1,2 M €1,3 M €
Balance sheet
Equity15,8 M €15,9 M €16,7 M €14,6 M €26,1 M €
Total assets45,9 M €46,9 M €45,7 M €45,8 M €28 M €
Cash108 k €52,3 k €73,2 k €155,6 k €131,3 k €
Debts30 M €30,8 M €29 M €31,1 M €1,9 M €
Other
Workforce14,2 ETP16,7 ETP16,9 ETP17,5 ETP16,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 23 ended

Active mandates

CELESTATE

Director · since 01 décembre 2022 · until 25 mai 2028 · 0792.535.530

Represented by Célestine Verhaeghe

Active
FLOVERENCE

Director · since 01 décembre 2022 · until 25 mai 2028 · 0791.430.720

Represented by Florence Verhaeghe

Active
Wim Verhaeghe

Managing director · since 27 mai 2022 · until 25 mai 2028

Active

Ended mandates

Célestine Verhaeghe

Director · since 01 février 2017 · until 26 mai 2022

Ended
Célestine Verhaeghe

Director · since 01 février 2017 · until 27 mai 2022

Ended
Florence Verhaeghe

Director · since 01 février 2017 · until 26 mai 2022

Ended
Florence Verhaeghe

Director · since 01 février 2017 · until 27 mai 2022

Ended

Other companies at this address

Den Triangel 2 8610 Kortemark
CompanyCBE no.
HYBOMA● Active
0878.202.861
KLARIBO● Active
0425.023.019
LEFFINGE LAND● Active
1008.603.525
Lenda● Active
1015.153.401
NIEUW LEFFINGE● Active
1008.603.327
STATIEHUIS● Active
0445.949.976
TERRA2● Active
0445.949.778
VLASMEERS²● Active
0448.356.269
WOLVELD²● Active
0405.598.174
ZEE & POLDER● Active
0875.637.806

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelConsolidated accounts
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date04/06/202618/06/202518/06/202413/06/202314/06/202208/06/2021
General meeting28/05/202622/05/202523/05/202425/05/202327/05/202227/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 29 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202528/05/202604/06/2026DutchPDF
Full model31/12/202422/05/202518/06/2025DutchPDF
Consolidated accounts31/12/202422/05/202518/06/2025DutchPDF
Full model31/12/202323/05/202418/06/2024DutchPDF
Consolidated accounts31/12/202323/05/202418/06/2024DutchPDF
Full model31/12/202225/05/202313/06/2023DutchPDF
Consolidated accounts31/12/202225/05/202314/06/2023DutchPDF
Full model31/12/202127/05/202214/06/2022DutchPDF
Consolidated accounts31/12/202127/05/202214/06/2022DutchPDF
Full model31/12/202027/05/202103/06/2021DutchPDF
Consolidated accounts31/12/202027/05/202108/06/2021DutchPDF
Full model31/12/201928/05/202012/06/2020DutchPDF
Consolidated accounts31/12/201928/05/202012/06/2020DutchPDF
Full model31/12/201823/05/201928/06/2019DutchPDF
Consolidated accounts31/12/201823/05/201928/06/2019DutchPDF
Full model31/12/201726/04/201828/05/2018DutchPDF
Consolidated accounts31/12/201711/05/201805/06/2018DutchPDF
Full model31/12/201624/05/201713/06/2017DutchPDF
Consolidated accounts31/12/201624/05/201713/06/2017DutchPDF
Full model31/12/201528/04/201611/05/2016DutchPDF
Full model31/12/201423/04/201506/05/2015DutchPDF
Full model31/12/201324/04/201415/05/2014DutchPDF
Full model31/12/201225/04/201307/05/2013DutchPDF
Full model31/12/201124/05/201218/06/2012DutchPDF

View all 29 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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

3 active · 23 ended

Active mandates

CELESTATE

Director · since 01 décembre 2022 · until 25 mai 2028 · 0792.535.530

Represented by Célestine Verhaeghe

Active
FLOVERENCE

Director · since 01 décembre 2022 · until 25 mai 2028 · 0791.430.720

Represented by Florence Verhaeghe

Active
Wim Verhaeghe

Managing director · since 27 mai 2022 · until 25 mai 2028

Active

Ended mandates

Célestine Verhaeghe

Director · since 01 février 2017 · until 26 mai 2022

Ended
Célestine Verhaeghe

Director · since 01 février 2017 · until 27 mai 2022

Ended
Florence Verhaeghe

Director · since 01 février 2017 · until 26 mai 2022

Ended
Florence Verhaeghe

Director · since 01 février 2017 · until 27 mai 2022

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates04/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/01/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares12/08/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates22/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office22/02/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Restructuring23/12/2021
    BENAMING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates10/06/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring02/06/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025179,1 k €↑
  2. 2024
    Annual accounts 2024-779,5 k €↓
  3. 2023
    Annual accounts 20232 M €↑
  4. 2022
    Annual accounts 20221,2 M €↓
  5. 2021
    Annual accounts 20211,3 M €↑
  6. 2020
    Annual accounts 20201,1 M €↑
  7. 2019
    Annual accounts 2019749,1 k €↑
  8. 2018
    Annual accounts 2018253,4 k €↑
  9. 2017
    Annual accounts 201736,6 k €↑
  10. 2016
    Annual accounts 2016-2,8 k €↓
  11. 2015
    Annual accounts 20155,1 k €↓
  12. 2014
    Annual accounts 201415,6 k €↑
  13. 2013
    Annual accounts 201313,4 k €↑
  14. 2012
    Annual accounts 201210,8 k €↑
  15. 2011
    Annual accounts 20118,8 k €↓
  16. 2010
    Annual accounts 201018,7 k €↑
  17. 2009
    Annual accounts 200913,8 k €↓
  18. 2008
    Annual accounts 200832,2 k €↓
  19. 2007
    Annual accounts 200738,1 k €↑
  20. 2006
    Annual accounts 200635,8 k €
  21. 02/03/1960
    IncorporationPublic limited company