ACTIVE

FLANDRIA - Tabak, sigaren en sigarettenfabriek

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Financial year 2025 · Closed on 31/12/2025

Net result3,8 M €-64,8 %over 1 year

Revenue57,3 M €-15,1 %over 1 year

Equity32,2 M €-25,7 %over 1 year

Workforce20,3 ETP+2,5 %over 1 year

Identity

Source · BCE/KBO

FLANDRIA - Tabak, sigaren en sigarettenfabriek is a Public limited company incorporated in 1971. Its main activity is: Manufacture of tobacco products. Its registered office is in Kruisem. It employs on average 20,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0408.478.876
Incorporation: 13/07/1971
Legal form: Public limited company
Registered office: Industriezone(KRU) 42
9770 Kruisem · FlandreSee on map
Contributed capital: 5 097 000,00 €
Latest accounts: 31/12/2025
Average workforce: 20,3 ETP

Activities (NACE)

12000Manufacture of tobacco products· main 12000Manufacture of tobacco products 16000Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials 46350Wholesale of tobacco products 46350Wholesale of tobacco products 51350Air transport+3

Joint committees (5)

133
1330
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	57,3 M €	-15.1%	67,5 M €	+19.3%	56,6 M €	-10.0%	62,9 M €	+7.6%	58,4 M €
EBITDA	5,7 M €	-62.1%	15 M €	+85.1%	8,1 M €	+27.3%	6,4 M €	-13.0%	7,3 M €
Operating result	5,1 M €	-64.3%	14,4 M €	+94.0%	7,4 M €	+39.2%	5,3 M €	-11.1%	6 M €
Net result	3,8 M €	-64.8%	10,9 M €	+96.6%	5,5 M €	+41.0%	3,9 M €	-12.3%	4,5 M €
Balance sheet
Equity	32,2 M €	-25.7%	43,4 M €	+33.6%	32,5 M €	+20.6%	26,9 M €	+17.1%	23 M €
Total assets	35,3 M €	-24.3%	46,7 M €	+32.0%	35,4 M €	+16.9%	30,3 M €	+15.9%	26,1 M €
Cash	9,6 M €	-45.9%	17,8 M €	+250%	5,1 M €	+91.0%	2,7 M €	-32.2%	3,9 M €
Debts	2,9 M €	+5.5%	2,8 M €	+4.1%	2,7 M €	-15.7%	3,2 M €	+8.9%	2,9 M €
Other
Workforce	20,3 ETP	+2.5%	19,8 ETP	-5.3%	20,9 ETP	-5.4%	22,1 ETP	-6.8%	23,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DE VELDHOEK0477.353.826Represented by Stubbe Lieven	Managing directorsince 04/04/2016
Goedele Masschelein	Managing directorsince 29/03/2017Director04/04/2016 → 29/03/2017ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
EDGE0820.437.876Represented by Koen Dehoorne	Director01/11/2009 → 31/05/2019
Jacques Levrau	Managing director01/06/2013 → 31/05/2019

Full financial information

Source · NBB

	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	01/01/2025	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	09/06/2026	24/06/2025	01/07/2024	15/06/2023	07/06/2022	10/06/2021
General meeting	06/06/2026	07/06/2025	01/06/2024	03/06/2023	04/06/2022	05/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	06/06/2026	09/06/2026	Dutch	PDF
Full model	31/12/2024	07/06/2025	24/06/2025	Dutch	PDF
Full model	31/12/2023	01/06/2024	01/07/2024	Dutch	PDF
Full model	31/12/2022	03/06/2023	15/06/2023	Dutch	PDF
Full model	31/12/2021	04/06/2022	07/06/2022	Dutch	PDF
Full model	31/12/2020	05/06/2021	10/06/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	11/08/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	19/07/2019	Dutch	PDF
Full model	31/12/2017	28/06/2018	31/07/2018	Dutch	PDF
Full model	31/12/2016	03/06/2017	03/07/2017	Dutch	PDF
Full model	31/12/2015	02/04/2016	26/05/2016	Dutch	PDF
Full model	31/12/2014	06/06/2015	03/07/2015	Dutch	PDF
Full model	31/12/2013	02/06/2014	25/08/2014	Dutch	PDF
Full model	31/12/2012	01/06/2013	24/07/2013	Dutch	PDF
Full model	31/12/2011	01/06/2012	30/07/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	30/08/2011	Dutch	PDF
Full model	31/12/2009	26/06/2010	27/07/2010	Dutch	PDF
Full model	31/12/2008	30/06/2009	31/07/2009	Dutch	PDF
Full model	31/12/2007	07/06/2008	09/07/2008	Dutch	PDF
Full model	31/12/2006	02/06/2007	25/10/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DE VELDHOEK0477.353.826Represented by Stubbe Lieven	Managing directorsince 04/04/2016
Goedele Masschelein	Managing directorsince 29/03/2017Director04/04/2016 → 29/03/2017ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
EDGE0820.437.876Represented by Koen Dehoorne	Director01/11/2009 → 31/05/2019
Jacques Levrau	Managing director01/06/2013 → 31/05/2019

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates15/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other08/01/2024
DOEL
PDF
Mandates23/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/04/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/10/2016
DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates30/05/2016
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings17 filings

Mandates

DE VELDHOEK

Goedele Masschelein

EDGE

Jacques Levrau

19711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

FLANDRIA - Tabak, sigaren en sigarettenfabriek

Industriezone(KRU) 42, 9770 Kruisem

Managing director

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Industriezone(KRU) 42, 9770 KruisemCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00148652

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
FLANDRIA - Tabak, sigaren en sigarettenfabriekCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00148652

Events

2025
Annual accounts 20253,8 M €↓
2024
Annual accounts 202410,9 M €↑
2023
Annual accounts 20235,5 M €↑
2022
Annual accounts 20223,9 M €↓
2021
Annual accounts 20214,5 M €↑
2018
Annual accounts 20181,4 M €↓
2017
Annual accounts 20173,1 M €↑
2016
Annual accounts 20161,8 M €↓
2015
Annual accounts 20152,4 M €↓
2014
Annual accounts 20142,7 M €↑
2013
Annual accounts 20131,2 M €↓
2012
Annual accounts 20121,3 M €↑
2011
Annual accounts 2011710,8 k €↑
2010
Annual accounts 2010289,6 k €↑
2009
Annual accounts 2009194,5 k €↓
2008
Annual accounts 2008834,7 k €↑
2006
Annual accounts 2006293,3 k €
13/07/1971
IncorporationPublic limited company

FLANDRIA - Tabak, sigaren en sigarettenfabriek

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Timeline

Registered offices

Company names

Events