ACTIVE

BEXCO

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Financial year 2025 · closed on 31/12/2025

Net result

2,8 M €

-35.0% YoY

Revenue

40 M €

-19.1% YoY

Equity

15,4 M €

+5.5% YoY

Workforce

121,6 ETP

+1.0% YoY

What does BEXCO do?

BEXCO is a Public limited company incorporated in 1972. Its main activity is: Manufacture of cordage, rope, twine and netting. Its registered office is in Hamme (Vl.). It employs on average 121,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0412.623.251

Incorporation

21/09/1972

Legal form

Public limited company

Registered office

Zwaarveld 25
9220 Hamme (Vl.) · FlandreSee on map

Contributed capital

3 545 154,46 €

Latest accounts

31/12/2025

Average workforce

121,6 ETP

Activities (NACE)

13940Manufacture of cordage, rope, twine and netting· main 13940Manufacture of cordage, rope, twine and netting

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 7 financial years

	2025		2024		2014		2012		2011		2010		2009
Income statement
Revenue	40 M €	-19.1%	49,4 M €	+61.7%	30,6 M €	+123%	13,7 M €	+4.7%	13,1 M €	-3.8%	13,6 M €	-2.6%	13,9 M €
EBITDA	4,8 M €	-36.1%	7,6 M €	+429%	1,4 M €	+224%	-1,2 M €	-19.0%	-974,2 k €	-359%	376,1 k €	-40.1%	627,5 k €
Operating result	4 M €	-38.7%	6,5 M €	+576%	959,2 k €	+167%	-1,4 M €	-10.8%	-1,3 M €	-12413%	10,4 k €	-94.8%	199,2 k €
Net result	2,8 M €	-35.0%	4,4 M €	+439%	810,9 k €	+149%	-1,7 M €	-21.9%	-1,4 M €	-575%	-200,9 k €	-5055%	4,1 k €
Balance sheet
Equity	15,4 M €	+5.5%	14,6 M €	+134%	6,2 M €	+52.7%	4,1 M €	-28.8%	5,7 M €	-19.1%	7,1 M €	-2.8%	7,3 M €
Total assets	49,6 M €	+40.5%	35,3 M €	+172%	13 M €	+6.4%	12,2 M €	-2.2%	12,5 M €	-2.5%	12,8 M €	-17.3%	15,5 M €
Cash	9,3 M €	+344%	2,1 M €	+357%	459,1 k €	-38.8%	749,8 k €	+17.2%	639,7 k €	+15.4%	554,4 k €	-20.7%	699,5 k €
Debts	33,8 M €	+63.3%	20,7 M €	+210%	6,7 M €	-16.9%	8 M €	+22.4%	6,6 M €	+16.5%	5,6 M €	-30.5%	8,1 M €
Other
Workforce	121,6 ETP	+1.0%	120,4 ETP	+43.0%	84,2 ETP	+10.4%	76,3 ETP	-7.5%	82,5 ETP	-8.3%	90,0 ETP	-9.1%	99,0 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 31/12/2025 · 3 active · 14 ended

Active mandates

Christof Dewijngaert

Director · since 20 janvier 2026 · until 20 mai 2026

Active

Bruno Cluydts

Director · since 15 mai 2024 · until 21 mai 2031

Active

Erik Jagers

Director · since 15 mai 2024 · until 21 mai 2031

Active

Ended mandates

Raf Rentmeesters

Director · since 15 mai 2024 · until 21 mai 2031

Ended

Cornelis BOSMAN

Director · since 05 juin 2014 · until 20 mai 2020

Ended

FMO

Managing director · since 05 juin 2014 · until 14 mai 2018 · 0845.418.346

Represented by Francis Mottrie

Ended

Wim De DEKEN

Director · since 05 juin 2014 · until 20 mai 2020

Ended

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	01/01/2025	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	08/06/2026	10/06/2025	28/06/2024	17/07/2023	09/06/2022	22/06/2021
General meeting	20/05/2026	21/05/2025	27/06/2024	30/06/2023	12/05/2022	02/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	20/05/2026	08/06/2026	Dutch	PDF
Full model	31/12/2024	21/05/2025	10/06/2025	Dutch	PDF
Full model	31/12/2023	27/06/2024	28/06/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	17/07/2023	Dutch	PDF
Full model	31/12/2021	12/05/2022	09/06/2022	Dutch	PDF
Full model	31/12/2020	02/06/2021	22/06/2021	Dutch	PDF
Full model	31/12/2019	08/06/2020	30/06/2020	Dutch	PDF
Full model	31/12/2018	20/05/2019	13/06/2019	Dutch	PDF
Full model	31/12/2017	22/05/2018	31/05/2018	Dutch	PDF
Full model	31/12/2016	18/05/2017	08/06/2017	Dutch	PDF
Full model	31/12/2015	06/06/2016	30/06/2016	Dutch	PDF
Full model	31/12/2014	04/06/2015	30/06/2015	Dutch	PDF
Full model	31/12/2013	05/06/2014	19/06/2014	Dutch	PDF
Full model	31/12/2012	15/05/2013	28/05/2013	Dutch	PDF
Full model	31/12/2011	14/05/2012	13/09/2012	Dutch	PDF
Full model	31/12/2010	18/05/2011	08/07/2011	Dutch	PDF
Full model	31/12/2009	02/06/2010	14/06/2010	Dutch	PDF
Full model	31/12/2008	13/05/2009	26/05/2009	Dutch	PDF
Full model	31/12/2007	28/05/2008	16/06/2008	Dutch	PDF
Full model	31/12/2006	25/05/2007	07/06/2007	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 31/12/2025 · 3 active · 14 ended

Active mandates

Christof Dewijngaert

Director · since 20 janvier 2026 · until 20 mai 2026

Active

Bruno Cluydts

Director · since 15 mai 2024 · until 21 mai 2031

Active

Erik Jagers

Director · since 15 mai 2024 · until 21 mai 2031

Active

Ended mandates

Raf Rentmeesters

Director · since 15 mai 2024 · until 21 mai 2031

Ended

Cornelis BOSMAN

Director · since 05 juin 2014 · until 20 mai 2020

Ended

FMO

Managing director · since 05 juin 2014 · until 14 mai 2018 · 0845.418.346

Represented by Francis Mottrie

Ended

Wim De DEKEN

Director · since 05 juin 2014 · until 20 mai 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other21/11/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates13/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2023
ONTSLAGEN - BENOEMINGEN
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 20252,8 M €↓
2024
Annual accounts 20244,4 M €↑
2014
Annual accounts 2014810,9 k €↑
2012
Annual accounts 2012-1,7 M €↓
2011
Annual accounts 2011-1,4 M €↓
2010
Annual accounts 2010-200,9 k €↓
2009
Annual accounts 20094,1 k €
21/09/1972
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

BEXCO

Overview

What does BEXCO do?

Trend over 7 financial years

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