ACTIVE

TWE MEULEBEKE

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Financial year 2025 · Closed on 31/12/2025

Net result
3,2 M €
-33,3 %over 1 year
Revenue
72,8 M €
+2,2 %over 1 year
Equity
62,7 M €
+5,4 %over 1 year
Workforce
245,0 ETP
-1,8 %over 1 year

Identity

Source · BCE/KBO

TWE MEULEBEKE is a Public limited company incorporated in 1964. Its registered office is in Tielt. It employs on average 245,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0405.578.081
Incorporation
26/03/1964
Legal form
Public limited company
Registered office
Marialoopsteenweg 51
8760 Tielt · FlandreSee on map
Contributed capital
1 116 000,00 €
Latest accounts
31/12/2025
Average workforce
245,0 ETP
Joint committees (2)
  • 120
  • 214
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 40 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue72,8 M €71,2 M €76 M €70,1 M €59,3 M €
EBITDA4,5 M €4,8 M €7,6 M €3,9 M €6,9 M €
Operating result-463,2 k €360,1 k €3,1 M €900,7 k €4 M €
Net result3,2 M €4,8 M €6,4 M €4,8 M €5,9 M €
Balance sheet
Equity62,7 M €59,5 M €54,7 M €48,4 M €43,5 M €
Total assets77 M €74,8 M €72,2 M €72,9 M €65,3 M €
Cash1,4 M €2,2 M €2,3 M €2,8 M €3,2 M €
Debts13,9 M €15,2 M €17,1 M €24,2 M €21,3 M €
Other
Workforce245,0 ETP249,5 ETP241,9 ETP226,5 ETP228,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 29 ended

Active mandates

Kurt Lefebre

Director · since 01 décembre 2024 · until 03 avril 2031

Active
Ralf Berens

Director · since 19 mai 2015 · until 03 avril 2031

Active
Jörg Ortmeier

Director · since 07 septembre 2014 · until 03 avril 2031

Active
Ignace Vansteenkiste

Managing director · since 24 mars 2014 · until 03 avril 2031

Active

Ended mandates

Kurt Lefebre

Director · since 01 décembre 2024 · until 03 avril 2025

Ended
Alexander Wansel

Director · since 01 décembre 2018 · until 05 novembre 2019

Ended
Alexander Wansel

Manager · since 01 décembre 2018

Ended
Ralf Berens

Director · since 19 mai 2015 · until 03 avril 2025

Ended

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 date29/04/202624/04/202529/04/202424/04/202326/04/202231/08/2021
General meeting02/04/202603/04/202504/04/202406/04/202307/04/202215/04/2021
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, 40 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202502/04/202629/04/2026DutchPDF
Full model31/12/202403/04/202524/04/2025DutchPDF
Consolidated accounts31/12/202424/06/202527/08/2025DutchPDF
Full model31/12/202304/04/202429/04/2024DutchPDF
Consolidated accounts31/12/202317/05/202429/08/2024DutchPDF
Full model31/12/202206/04/202324/04/2023DutchPDF
Consolidated accounts31/12/202202/06/202330/08/2023DutchPDF
Full model31/12/202107/04/202226/04/2022DutchPDF
Consolidated accounts31/12/2021—30/08/2022DutchPDF
Full model31/12/202001/04/202127/04/2021DutchPDF
Consolidated accounts31/12/202015/04/202131/08/2021DutchPDF
Full model31/12/201902/04/202028/04/2020DutchPDF
Consolidated accounts31/12/201927/05/202028/08/2020DutchPDF
Full model31/12/201804/04/201930/04/2019DutchPDF
Consolidated accounts31/12/201810/05/201928/08/2019DutchPDF
Full model31/12/201705/04/201824/04/2018DutchPDF
Consolidated accounts31/12/201715/05/201822/08/2018DutchPDF
Full model31/12/201606/04/201719/04/2017DutchPDF
Consolidated accounts31/12/201613/04/201725/08/2017DutchPDF
Full model31/12/201507/04/201629/04/2016DutchPDF
Consolidated accounts31/12/201501/01/999922/08/2016DutchPDF
Full model31/12/201402/04/201523/04/2015DutchPDF
Consolidated accounts31/12/201428/05/201526/08/2015DutchPDF
Full model31/12/201303/04/201430/04/2014DutchPDF

View all 40 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 29 ended

Active mandates

Kurt Lefebre

Director · since 01 décembre 2024 · until 03 avril 2031

Active
Ralf Berens

Director · since 19 mai 2015 · until 03 avril 2031

Active
Jörg Ortmeier

Director · since 07 septembre 2014 · until 03 avril 2031

Active
Ignace Vansteenkiste

Managing director · since 24 mars 2014 · until 03 avril 2031

Active

Ended mandates

Kurt Lefebre

Director · since 01 décembre 2024 · until 03 avril 2025

Ended
Alexander Wansel

Director · since 01 décembre 2018 · until 05 novembre 2019

Ended
Alexander Wansel

Manager · since 01 décembre 2018

Ended
Ralf Berens

Director · since 19 mai 2015 · until 03 avril 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates27/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/12/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/01/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/06/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/12/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/11/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/03/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/01/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 02/04/2026
    nominationWouter Coppens — commissaris
  2. 02/04/2026
    nominationWiebke Hessel — onbezoldigd bestuurder van categorie A
  3. 2025
    Annual accounts 20253,2 M €↓
  4. 03/04/2025
    reconductionJörg Ortmeier — bestuurder
  5. 03/04/2025
    reconductionIgnace Vansteenkiste — bestuurder
  6. 03/04/2025
    reconductionKurt Lefebre — bestuurder
  7. 03/04/2025
    reconductionRalf Berens — bestuurder
  8. 2024
    Annual accounts 20244,8 M €↓
  9. 01/12/2024
    nominationKurt Lefebre — onbezoldigd bestuurder van de categorie A
  10. 2023
    Annual accounts 20236,4 M €↑
  11. 06/04/2023
    nominationPWC Bedrijfsrevisoren BV — commissaris
  12. 2022
    Annual accounts 20224,8 M €↓
  13. 2021
    Annual accounts 20215,9 M €↓
  14. 16/07/2021
    nominationWouter Coppens — Commissaris
  15. 2020
    Annual accounts 20206,5 M €↓
  16. 2019
    Annual accounts 201910,9 M €↑
  17. 2018
    Annual accounts 20183,1 M €↑
  18. 2017
    Annual accounts 20171,6 M €↑
  19. 2016
    Annual accounts 20161,3 M €↓
  20. 2015
    Annual accounts 20153 M €↑
  21. 2014
    Annual accounts 20141,6 M €↓
  22. 2013
    Annual accounts 20131,9 M €↓
  23. 2012
    Annual accounts 20126 M €↑
  24. 2011
    Annual accounts 2011-4,5 M €↓
  25. 2010
    Annual accounts 20102 M €↑
  26. 2009
    Annual accounts 20091,2 M €↓
  27. 2008
    Annual accounts 20081,2 M €
  28. 26/03/1964
    IncorporationPublic limited company