ACTIVE

BOUTS

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Financial year 2025 · closed on 30/09/2025

Net result

2,2 M €

+82.1% YoY

Revenue

145 M €

-12.3% YoY

Equity

12,1 M €

+22.1% YoY

Workforce

32,2 ETP

+0.6% YoY

What does BOUTS do?

BOUTS is a Public limited company incorporated in 1969. Its registered office is in Hasselt. It employs on average 32,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0406.781.475

Incorporation

10/07/1969

Legal form

Public limited company

Registered office

Scheepvaartkaai 15
3500 Hasselt · FlandreSee on map

Contributed capital

1 250 000,00 €

Latest accounts

30/09/2025

Average workforce

32,2 ETP

Joint committees (4)

127
1270
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2010		2009		2008		2007
Income statement
Revenue	145 M €	-12.3%	165,3 M €	-1.2%	167,4 M €	-5.2%	176,6 M €	+72.7%	102,3 M €	-5.5%	108,2 M €	-11.5%	122,3 M €	+6.7%	114,6 M €	+0.2%	114,4 M €	+18.0%	97 M €	-18.9%	119,6 M €	-9.1%	131,6 M €	-5.9%	139,8 M €	-38.9%	228,9 M €	+106%	110,8 M €	+30.8%	84,8 M €	-25.9%	114,4 M €	+32.7%	86,2 M €
EBITDA	3,8 M €	+47.0%	2,6 M €	+66.1%	1,6 M €	-55.6%	3,5 M €	+44.4%	2,4 M €	+95.2%	1,2 M €	-17.7%	1,5 M €	+82.8%	826,4 k €	+25.9%	656,1 k €	+3859%	-17,5 k €	+61.6%	-45,4 k €	-109%	501,7 k €	+264%	-305 k €	-108%	3,9 M €	+196%	1,3 M €	+41.8%	919,1 k €	-19.6%	1,1 M €	+23.5%	925,6 k €
Operating result	3 M €	+65.6%	1,8 M €	+126%	794,4 k €	-70.3%	2,7 M €	+59.1%	1,7 M €	+235%	502 k €	-15.0%	590,7 k €	+42.4%	415 k €	+42.1%	292,1 k €	+189%	-327,1 k €	-138%	-137,7 k €	-146%	297 k €	+166%	-447,8 k €	-117%	2,7 M €	+192%	921,8 k €	+21.9%	756,1 k €	+4.7%	722,4 k €	+142%	298,4 k €
Net result	2,2 M €	+82.1%	1,2 M €	+111%	570,2 k €	-70.1%	1,9 M €	+51.4%	1,3 M €	+408%	248,4 k €	-25.4%	332,9 k €	+8.5%	306,8 k €	+33.8%	229,3 k €	+165%	-355,1 k €	-60.7%	-220,9 k €	-211%	199,2 k €	+141%	-487,3 k €	-128%	1,7 M €	+182%	611,8 k €	+10.6%	553,2 k €	+0.5%	550,5 k €	+137%	231,9 k €
Balance sheet
Equity	12,1 M €	+22.1%	9,9 M €	+13.8%	8,7 M €	-0.1%	8,7 M €	+8.8%	8 M €	+15.2%	7 M €	+3.7%	6,7 M €	+5.2%	6,4 M €	+5.0%	6,1 M €	+3.9%	5,8 M €	-5.7%	6,2 M €	-3.4%	6,4 M €	+3.2%	6,2 M €	-7.3%	6,7 M €	+12.1%	6 M €	+11.4%	5,4 M €	+2.9%	5,2 M €	+3.0%	5,1 M €
Total assets	22,3 M €	+2.4%	21,8 M €	-19.7%	27,1 M €	-20.5%	34,1 M €	+61.6%	21,1 M €	+43.0%	14,8 M €	-28.5%	20,6 M €	+4.2%	19,8 M €	+12.0%	17,7 M €	+7.2%	16,5 M €	-11.2%	18,6 M €	-10.6%	20,8 M €	+15.0%	18,1 M €	-8.7%	19,8 M €	-0.2%	19,8 M €	+27.4%	15,6 M €	+13.1%	13,8 M €	-20.1%	17,3 M €
Cash	1,3 M €	-66.3%	4 M €	-34.3%	6 M €	-30.4%	8,7 M €	+183%	3,1 M €	+41.4%	2,2 M €	-24.0%	2,9 M €	+72.3%	1,7 M €	+25.7%	1,3 M €	-35.5%	2 M €	-42.2%	3,5 M €	+34.9%	2,6 M €	+303%	649,9 k €	+39.3%	466,5 k €	-5.0%	491,1 k €	-14.3%	573,3 k €	+33.2%	430,4 k €	-16.5%	515,4 k €
Debts	9,9 M €	-15.6%	11,8 M €	-35.4%	18,2 M €	-27.9%	25,3 M €	+94.7%	13 M €	+68.7%	7,7 M €	-44.3%	13,8 M €	+3.7%	13,3 M €	+15.7%	11,5 M €	+9.1%	10,6 M €	-13.2%	12,2 M €	-14.2%	14,2 M €	+24.2%	11,4 M €	-11.1%	12,8 M €	-5.1%	13,5 M €	+37.0%	9,9 M €	+20.4%	8,2 M €	-30.7%	11,8 M €
Other
Workforce	32,2 ETP	+0.6%	32,0 ETP	+1.9%	31,4 ETP	+6.8%	29,4 ETP	+2.4%	28,7 ETP	-0.3%	28,8 ETP	+2.9%	28,0 ETP	+5.3%	26,6 ETP	-2.6%	27,3 ETP	-0.4%	27,4 ETP	+5.8%	25,9 ETP	+11.2%	23,3 ETP	+1.7%	22,9 ETP	+2.7%	22,3 ETP	+4.7%	21,3 ETP	+6.0%	20,1 ETP	+1.0%	19,9 ETP	-2.0%	20,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 6 active · 17 ended

Active mandates

't VRIJTHOF

Managing director · since 31 mars 2026 · until 20 décembre 2031 · 1035.311.088

Represented by Michael Bouts

Active

Chantal Kelders

Director · since 31 mars 2026 · until 20 décembre 2031

Active

Philip Bouts

Director · since 31 mars 2026 · until 20 décembre 2031

Active

TRICHTERHEIDE

Managing director · since 31 mars 2026 · until 20 décembre 2031 · 0430.090.377

Represented by Phillip Bouts

Active

Luc BOUTS

Managing director · since 16 décembre 2019 · until 31 mars 2026

Active

Philip BOUTS

Managing director · since 16 décembre 2019 · until 31 mars 2026

Active

Ended mandates

Luc Bouts

Managing director · since 16 décembre 2019 · until 15 décembre 2025

Ended

Luc BOUTS

Chairman of the board of directors · since 16 décembre 2019 · until 15 décembre 2025

Ended

Philip BOUTS

Managing director · since 16 décembre 2019 · until 15 décembre 2025

Ended

TRICHTERHEIDE

Director · since 16 décembre 2019 · until 15 décembre 2025 · 0430.090.377

Represented by Michael BOUTS

Ended

At this address

Other companies at this address

Company	CBE no.
BOUTS STATIONS● Active	0466.180.119
TRICHTERHEIDE● Active	0430.090.377
't VRIJTHOF● Active	1035.311.088

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/04/2026	01/04/2025	29/04/2024	16/03/2023	20/04/2022	16/03/2021
General meeting	31/03/2026	18/12/2024	18/12/2023	19/12/2022	20/12/2021	16/02/2021
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
Full model	30/09/2025	31/03/2026	29/04/2026	Dutch	PDF
Full model	30/09/2024	18/12/2024	01/04/2025	Dutch	PDF
Full model	30/09/2023	18/12/2023	29/04/2024	Dutch	PDF
Full model	30/09/2022	19/12/2022	16/03/2023	Dutch	PDF
Full model	30/09/2021	20/12/2021	20/04/2022	Dutch	PDF
Full model	30/09/2020	16/02/2021	16/03/2021	Dutch	PDF
Full model	30/09/2019	16/12/2019	30/01/2020	Dutch	PDF
Full model	30/09/2018	17/12/2018	20/02/2019	Dutch	PDF
Full model	30/09/2017	18/12/2017	26/03/2018	Dutch	PDF
Full model	30/09/2016	19/12/2016	17/02/2017	Dutch	PDF
Full model	30/09/2015	11/01/2016	25/02/2016	Dutch	PDF
Full model	30/09/2014	15/12/2014	02/02/2015	Dutch	PDF
Full model	30/09/2013	16/12/2013	03/02/2014	Dutch	PDF
Full model	30/09/2012	17/12/2012	18/01/2013	Dutch	PDF
Full model	31/12/2010	14/03/2011	26/04/2011	Dutch	PDF
Full model	31/12/2009	08/03/2010	07/04/2010	Dutch	PDF
Full model	31/12/2008	09/03/2009	08/04/2009	Dutch	PDF
Full model	31/12/2007	10/03/2008	09/04/2008	Dutch	PDF
Full model	31/12/2006	12/03/2007	22/03/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 6 active · 17 ended

Active mandates

't VRIJTHOF

Managing director · since 31 mars 2026 · until 20 décembre 2031 · 1035.311.088

Represented by Michael Bouts

Active

Chantal Kelders

Director · since 31 mars 2026 · until 20 décembre 2031

Active

Philip Bouts

Director · since 31 mars 2026 · until 20 décembre 2031

Active

TRICHTERHEIDE

Managing director · since 31 mars 2026 · until 20 décembre 2031 · 0430.090.377

Represented by Phillip Bouts

Active

Luc BOUTS

Managing director · since 16 décembre 2019 · until 31 mars 2026

Active

Philip BOUTS

Managing director · since 16 décembre 2019 · until 31 mars 2026

Active

Ended mandates

Luc Bouts

Managing director · since 16 décembre 2019 · until 15 décembre 2025

Ended

Luc BOUTS

Chairman of the board of directors · since 16 décembre 2019 · until 15 décembre 2025

Ended

Philip BOUTS

Managing director · since 16 décembre 2019 · until 15 décembre 2025

Ended

TRICHTERHEIDE

Director · since 16 décembre 2019 · until 15 décembre 2025 · 0430.090.377

Represented by Michael BOUTS

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/03/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office12/10/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/05/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/02/2013
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/01/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 20252,2 M €↑
2024
Annual accounts 20241,2 M €↑
2023
Annual accounts 2023570,2 k €↓
2022
Annual accounts 20221,9 M €↑
2021
Annual accounts 20211,3 M €↑
2020
Annual accounts 2020248,4 k €↓
2019
Annual accounts 2019332,9 k €↑
2018
Annual accounts 2018306,8 k €↑
2017
Annual accounts 2017229,3 k €↑
2016
Annual accounts 2016-355,1 k €↓
2015
Annual accounts 2015-220,9 k €↓
2014
Annual accounts 2014199,2 k €↑
2013
Annual accounts 2013-487,3 k €↓
2012
Annual accounts 20121,7 M €↑
2010
Annual accounts 2010611,8 k €↑
2009
Annual accounts 2009553,2 k €↑
2008
Annual accounts 2008550,5 k €↑
2007
Annual accounts 2007231,9 k €
10/07/1969
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

BOUTS

Overview

What does BOUTS do?

Trend over 18 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