ACTIVE

Annabel

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Financial year 2025 · closed on 31/12/2025

Net result

172,3 k €

+191.1% YoY

Gross margin

404,4 k €

+213.6% YoY

Equity

2,1 M €

+9.0% YoY

Workforce

0,0 ETP

What does Annabel do?

Annabel is a Public limited company incorporated in 1970. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0407.819.078

Incorporation

31/12/1970

Legal form

Public limited company

Registered office

Industrieweg 172
9030 Gent · FlandreSee on map

Contributed capital

1 752 984,32 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 46411Wholesale of textiles 46411Wholesale of textiles

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006		2005
Income statement
Gross margin	404,4 k €	+214%	129 k €	-48.3%	249,3 k €	-88.0%	2,1 M €	+200%	692,9 k €	+13.8%	608,7 k €	-22.8%	788,3 k €		–		–		–		–		–		–		–		–		–		–		–
EBITDA	286,5 k €	+4456%	6,3 k €	-93.9%	103,3 k €	-46.1%	191,6 k €	-68.7%	611,7 k €	+1151%	-58,2 k €	-109%	673,7 k €	+18.0%	570,9 k €	-0.7%	574,8 k €	+8.2%	531,4 k €	-9.7%	588,3 k €	+435%	109,9 k €	+109%	-1,3 M €	-28.8%	-989,2 k €	-385%	346,8 k €	-79.2%	1,7 M €	+105%	812,8 k €	+137%	343 k €
Operating result	172,9 k €	+223%	-140,2 k €	-203%	-46,3 k €	-246%	31,8 k €	-87.7%	258,4 k €	+149%	-526 k €	-364%	199,5 k €	+26.7%	157,5 k €	+26.1%	124,9 k €	-58.4%	300,2 k €	+328%	70,2 k €	+138%	-185,7 k €	+88.2%	-1,6 M €	-20.4%	-1,3 M €	-2339%	58,2 k €	-96.1%	1,5 M €	+1627%	-97,1 k €	-265%	-26,6 k €
Net result	172,3 k €	+191%	-189,1 k €	-288%	-48,8 k €	-469%	13,2 k €	-94.4%	235 k €	+149%	-479,5 k €	-298%	242,4 k €	+419%	46,7 k €	-70.5%	158,3 k €	-22.0%	202,9 k €	-11.7%	229,8 k €	+120%	-1,1 M €	+2.3%	-1,2 M €	-13.6%	-1 M €	-659%	-134,8 k €	-110%	1,3 M €	+293%	327,3 k €	+15.7%	282,9 k €
Balance sheet
Equity	2,1 M €	+9.0%	1,9 M €	-9.0%	2,1 M €	-2.3%	2,2 M €	-81.6%	11,7 M €	-8.0%	12,8 M €	-3.6%	13,2 M €	+1.9%	13 M €	+0.4%	12,9 M €	+1.2%	12,8 M €	-30.2%	18,3 M €	+1.3%	18,1 M €	-5.9%	19,2 M €	-5.7%	20,4 M €	-4.8%	21,4 M €	-0.6%	21,6 M €	+6.3%	20,3 M €	+1.3%	20 M €
Total assets	2,3 M €	+16.7%	2 M €	-35.2%	3 M €	-16.3%	3,6 M €	-73.6%	13,7 M €	-1.8%	13,9 M €	-5.7%	14,8 M €	+0.4%	14,7 M €	-1.9%	15 M €	-0.5%	15,1 M €	-28.2%	21 M €	-0.8%	21,2 M €	-10.8%	23,7 M €	+3.9%	22,9 M €	-2.0%	23,3 M €	-10.1%	25,9 M €	-18.3%	31,8 M €	+9.1%	29,1 M €
Cash	772,5 k €	+86.6%	414 k €	-70.6%	1,4 M €	+882%	143,4 k €	-96.1%	3,6 M €	+55.0%	2,3 M €	+172%	864,3 k €	-16.2%	1 M €	+14.5%	901 k €	+47.5%	611 k €	-16.1%	728,2 k €	+712%	89,7 k €	-90.1%	905,8 k €	-68.1%	2,8 M €	+14.8%	2,5 M €	-9.5%	2,7 M €	-17.0%	3,3 M €	-25.8%	4,4 M €
Debts	188,6 k €	+377%	39,5 k €	-95.7%	915,8 k €	-37.1%	1,5 M €	-25.2%	1,9 M €	+64.9%	1,2 M €	-15.4%	1,4 M €	-11.4%	1,6 M €	-16.8%	1,9 M €	-10.7%	2,1 M €	-15.1%	2,5 M €	-10.8%	2,8 M €	-37.9%	4,5 M €	+110%	2,2 M €	+30.0%	1,7 M €	-60.1%	4,1 M €	-64.0%	11,5 M €	+26.4%	9,1 M €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		13,5 ETP	-18.7%	16,6 ETP	-4.0%	17,3 ETP	-6.5%	18,5 ETP	-6.1%	19,7 ETP	-1.5%	20,0 ETP	-3.4%	20,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 38 ended

Active mandates

CESEBCO

Managing director · since 28 janvier 2025 · until 16 mai 2031 · 0684.623.426

Represented by Celine Van Rijckeghem

Active

INVESTINA

Managing director · since 28 janvier 2025 · until 16 mai 2031 · 0898.316.703

Represented by Sébastien De Cartier d'Yves

Active

Ended mandates

CESEBCO

Managing director · since 28 janvier 2025 · 0684.623.426

Represented by Céline VAN RIJCKEGHEM

Ended

INVESTINA

Managing director · since 28 janvier 2025 · 0898.316.703

Represented by Sébastien DE CARTIER D'YVES

Ended

D-TEX

Managing director · since 26 août 2022 · until 31 mai 2028 · 0829.527.667

Represented by Bruno DERUMEAUX

Ended

DeBo MANAGEMENT

Director · since 26 août 2022 · until 31 mai 2028 · 0829.168.074

Represented by Benoit DERUMEAUX

Ended

At this address

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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	31/07/2026	26/08/2025	19/07/2024	26/09/2023	30/08/2022	31/08/2021
General meeting	15/05/2026	20/06/2025	28/06/2024	14/09/2023	26/08/2022	31/08/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/05/2026	31/07/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	26/08/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	19/07/2024	Dutch	PDF
Abridged modelCorrection	31/12/2022	14/09/2023	26/09/2023	Dutch	PDF
Abridged model	31/12/2022	25/08/2023	28/08/2023	Dutch	PDF
Abridged model	31/12/2021	26/08/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	31/08/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	08/10/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	11/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	18/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	31/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	15/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	15/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	22/07/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	18/07/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	20/07/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	13/07/2011	Dutch	PDF
Full model	31/12/2009	29/06/2010	22/07/2010	Dutch	PDF
Full model	31/12/2008	30/06/2009	31/07/2009	Dutch	PDF
Full model	31/12/2007	16/05/2008	30/07/2008	Dutch	PDF
Full model	31/12/2006	18/05/2007	18/09/2007	Dutch	PDF
Full model	31/12/2005	19/05/2006	04/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 2 active · 38 ended

Active mandates

CESEBCO

Managing director · since 28 janvier 2025 · until 16 mai 2031 · 0684.623.426

Represented by Celine Van Rijckeghem

Active

INVESTINA

Managing director · since 28 janvier 2025 · until 16 mai 2031 · 0898.316.703

Represented by Sébastien De Cartier d'Yves

Active

Ended mandates

CESEBCO

Managing director · since 28 janvier 2025 · 0684.623.426

Represented by Céline VAN RIJCKEGHEM

Ended

INVESTINA

Managing director · since 28 janvier 2025 · 0898.316.703

Represented by Sébastien DE CARTIER D'YVES

Ended

D-TEX

Managing director · since 26 août 2022 · until 31 mai 2028 · 0829.527.667

Represented by Bruno DERUMEAUX

Ended

DeBo MANAGEMENT

Director · since 26 août 2022 · until 31 mai 2028 · 0829.168.074

Represented by Benoit DERUMEAUX

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring06/01/2022
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring22/11/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates18/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/04/2017
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring24/07/2012
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 2025172,3 k €↑
2024
Annual accounts 2024-189,1 k €↓
2023
Annual accounts 2023-48,8 k €↓
2022
Annual accounts 202213,2 k €↓
2018
Annual accounts 2018235 k €↑
2017
Annual accounts 2017-479,5 k €↓
2016
Annual accounts 2016242,4 k €↑
2015
Annual accounts 201546,7 k €↓
2014
Annual accounts 2014158,3 k €↓
2013
Annual accounts 2013202,9 k €↓
2012
Annual accounts 2012229,8 k €↑
2011
Annual accounts 2011-1,1 M €↑
2010
Annual accounts 2010-1,2 M €↓
2009
Annual accounts 2009-1 M €↓
2008
Annual accounts 2008-134,8 k €↓
2007
Annual accounts 20071,3 M €↑
2006
Annual accounts 2006327,3 k €↑
2005
Annual accounts 2005282,9 k €
31/12/1970
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

Annabel

Overview

What does Annabel 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