ACTIVE

BEST

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Financial year 2025 · closed on 31/12/2025

Net result

433,3 k €

-21.1% YoY

Gross margin

1,1 M €

-8.3% YoY

Equity

743,9 k €

+45.7% YoY

Workforce

14,2 ETP

+6.0% YoY

What does BEST do?

BEST is a Public limited company incorporated in 1972. Its main activity is: Retail sale in non-specialised stores with food, beverages or tobacco predominating. Its registered office is in Ingelmunster. It employs on average 14,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0412.653.539

Incorporation

22/09/1972

Legal form

Public limited company

Registered office

Nijverheidstraat 2A
8770 Ingelmunster · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

14,2 ETP

Activities (NACE)

47110Retail sale in non-specialised stores with food, beverages or tobacco predominating· main 47112Retail sale in non-specialised stores with food, beverages or tobacco predominating 47114Retail sale in non-specialised stores with food, beverages or tobacco predominating 52112Warehousing and storage 52114Warehousing and storage

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,1 M €	-8.3%	1,2 M €	-2.8%	1,2 M €	+67.0%	743 k €	+28.8%	577 k €	-1.1%	583,5 k €	+6.1%	550,2 k €	+5.4%	522,2 k €	-6.0%	555,8 k €	+12.0%	496,2 k €	-19.4%	615,5 k €	+31.2%	468,9 k €	-7.0%	504,3 k €	+16.4%	433,4 k €	-31.7%	634,1 k €	-3.0%	654 k €	-2.3%	669,3 k €	-10.6%	748,3 k €	+7.4%	697 k €	+26.0%	553,3 k €
EBITDA	595,3 k €	-19.3%	737,6 k €	-1.5%	749 k €	+129%	327,4 k €	+71.9%	190,4 k €	-36.4%	299,5 k €	+19.8%	250 k €	+23.3%	202,8 k €	-18.0%	247,2 k €	+5.3%	234,7 k €	-29.5%	332,7 k €	+65.0%	201,6 k €	-23.1%	262,3 k €	+43.7%	182,6 k €	-50.0%	365,3 k €	+3.6%	352,5 k €	-5.9%	374,8 k €	-19.5%	465,3 k €	+8.0%	430,7 k €	+48.0%	291,1 k €
Operating result	572 k €	-20.4%	718,8 k €	-1.5%	729,7 k €	+247%	210 k €	+682%	26,9 k €	-79.7%	132,1 k €	+71.6%	77 k €	+158%	29,8 k €	-62.5%	79,4 k €	+14.6%	69,3 k €	-59.3%	170,4 k €	+329%	39,7 k €	-59.9%	98,9 k €	-5.7%	104,8 k €	-68.0%	327,9 k €	+5.6%	310,4 k €	+3.5%	299,7 k €	-16.8%	360,3 k €	+40.0%	257,4 k €	+77.7%	144,9 k €
Net result	433,3 k €	-21.1%	549,2 k €	+1.7%	539,8 k €	+271%	145,4 k €	+2641%	-5,7 k €	-107%	77,3 k €	+174%	28,2 k €	+349%	-11,3 k €	-121%	53,9 k €	+1.8%	52,9 k €	-52.2%	110,8 k €	+274%	29,6 k €	-41.9%	51 k €	-28.3%	71,2 k €	-70.6%	242,1 k €	+8.0%	224,1 k €	+4.2%	215,1 k €	-18.1%	262,5 k €	+36.1%	192,8 k €	+53.7%	125,4 k €
Balance sheet
Equity	743,9 k €	+45.7%	510,6 k €	+216%	161,4 k €	+32.7%	121,7 k €	+59.4%	76,3 k €	-7.0%	82 k €	-94.6%	1,5 M €	+1.9%	1,5 M €	-0.8%	1,5 M €	+3.7%	1,5 M €	+3.8%	1,4 M €	+0.8%	1,4 M €	+2.2%	1,4 M €	+3.9%	1,3 M €	+5.7%	1,2 M €	+8.0%	1,1 M €	+6.9%	1,1 M €	+6.5%	1 M €	+12.6%	894,6 k €	+11.6%	801,8 k €
Total assets	2 M €	+23.6%	1,6 M €	-11.9%	1,8 M €	+33.0%	1,4 M €	-22.3%	1,8 M €	-46.5%	3,3 M €	+7.3%	3,1 M €	-0.6%	3,1 M €	-1.6%	3,2 M €	-0.1%	3,2 M €	-10.9%	3,6 M €	+0.0%	3,6 M €	-1.5%	3,6 M €	-3.4%	3,7 M €	+23.5%	3 M €	+6.6%	2,8 M €	+48.6%	1,9 M €	+2.8%	1,9 M €	+12.8%	1,7 M €	+1.4%	1,6 M €
Cash	150,9 k €	-40.6%	253,9 k €	+52.6%	166,4 k €	+13.3%	146,8 k €	-19.1%	181,5 k €	-48.0%	349,1 k €	+90.7%	183,1 k €	+19.5%	153,2 k €	+18.5%	129,3 k €	+199%	43,3 k €	-87.7%	351,4 k €	+79.5%	195,7 k €	+6.4%	184 k €	+96.2%	93,8 k €	-78.5%	435,3 k €	+91.8%	226,9 k €	+11.4%	203,7 k €	-30.3%	292,3 k €	+46.1%	200,1 k €	-9.8%	221,8 k €
Debts	1,3 M €	+12.6%	1,1 M €	-33.9%	1,7 M €	+33.1%	1,3 M €	-26.0%	1,7 M €	-47.5%	3,3 M €	+106%	1,6 M €	-2.9%	1,6 M €	-2.4%	1,7 M €	-3.3%	1,7 M €	-20.4%	2,2 M €	+2.7%	2,1 M €	-3.9%	2,2 M €	-3.9%	2,3 M €	+27.2%	1,8 M €	+8.1%	1,7 M €	+97.1%	842,5 k €	-1.4%	854,4 k €	+13.4%	753,5 k €	-8.6%	824,4 k €
Other
Workforce	14,2 ETP	+6.0%	13,4 ETP	+5.5%	12,7 ETP	+8.5%	11,7 ETP	+0.9%	11,6 ETP	+12.6%	10,3 ETP	+2.0%	10,1 ETP	+6.3%	9,5 ETP	+1.1%	9,4 ETP	+6.8%	8,8 ETP	-1.1%	8,9 ETP	-1.1%	9,0 ETP	+4.7%	8,6 ETP	+2.4%	8,4 ETP	-9.7%	9,3 ETP	-12.3%	10,6 ETP	0.0%	10,6 ETP	-0.9%	10,7 ETP	+9.2%	9,8 ETP	-6.7%	10,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 22 ended

Active mandates

CHAMAS

Managing director · since 01 octobre 2021 · until 29 mai 2027 · 0648.877.441

Represented by Jurgen Masquelin

Active

Veda

Managing director · since 29 mai 2021 · until 29 mai 2027 · 0421.954.552

Represented by Paul Vanhonsebrouck

Active

Ended mandates

CHAMAS

Director · since 01 octobre 2021 · 0648.877.441

Represented by Masquelin JURGEN

Ended

CHAMAS

Managing director · since 01 octobre 2021 · 0648.877.441

Represented by Jurgen Masquelin

Ended

Sabine Lecot

Director · since 30 mai 2015

Ended

CHAMAS

Managing director · 0648.877.441

Represented by Jurgen MASQUELIN

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	23/07/2026	08/07/2025	12/07/2024	28/08/2023	20/09/2022	28/07/2021
General meeting	30/05/2026	31/05/2025	25/05/2024	27/05/2023	28/05/2022	29/05/2021
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
Abridged model	31/12/2025	30/05/2026	23/07/2026	Dutch	PDF
Abridged model	31/12/2024	31/05/2025	08/07/2025	Dutch	PDF
Abridged model	31/12/2023	25/05/2024	12/07/2024	Dutch	PDF
Abridged model	31/12/2022	27/05/2023	28/08/2023	Dutch	PDF
Abridged model	31/12/2021	28/05/2022	20/09/2022	Dutch	PDF
Abridged model	31/12/2020	29/05/2021	28/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/05/2020	15/06/2020	Dutch	PDF
Abridged model	31/12/2018	25/05/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	26/05/2018	24/07/2018	Dutch	PDF
Abridged model	31/12/2016	27/05/2017	25/07/2017	Dutch	PDF
Abridged model	31/12/2015	29/06/2016	24/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/05/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	24/07/2014	Dutch	PDF
Abridged model	31/12/2012	25/05/2013	10/07/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	17/08/2012	Dutch	PDF
Abridged model	31/12/2010	28/05/2011	25/08/2011	Dutch	PDF
Abridged model	31/12/2009	29/05/2010	16/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/05/2009	27/08/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	06/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 22 ended

Active mandates

CHAMAS

Managing director · since 01 octobre 2021 · until 29 mai 2027 · 0648.877.441

Represented by Jurgen Masquelin

Active

Veda

Managing director · since 29 mai 2021 · until 29 mai 2027 · 0421.954.552

Represented by Paul Vanhonsebrouck

Active

Ended mandates

CHAMAS

Director · since 01 octobre 2021 · 0648.877.441

Represented by Masquelin JURGEN

Ended

CHAMAS

Managing director · since 01 octobre 2021 · 0648.877.441

Represented by Jurgen Masquelin

Ended

Sabine Lecot

Director · since 30 mai 2015

Ended

CHAMAS

Managing director · 0648.877.441

Represented by Jurgen MASQUELIN

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/02/2003
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/01/2003
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 2025433,3 k €↓
2024
Annual accounts 2024549,2 k €↑
2023
Annual accounts 2023539,8 k €↑
2022
Annual accounts 2022145,4 k €↑
2021
Annual accounts 2021-5,7 k €↓
2020
Annual accounts 202077,3 k €↑
2019
Annual accounts 201928,2 k €↑
2018
Annual accounts 2018-11,3 k €↓
2017
Annual accounts 201753,9 k €↑
2016
Annual accounts 201652,9 k €↓
2015
Annual accounts 2015110,8 k €↑
2014
Annual accounts 201429,6 k €↓
2013
Annual accounts 201351 k €↓
2012
Annual accounts 201271,2 k €↓
2011
Annual accounts 2011242,1 k €↑
2010
Annual accounts 2010224,1 k €↑
2009
Annual accounts 2009215,1 k €↓
2008
Annual accounts 2008262,5 k €↑
2007
Annual accounts 2007192,8 k €↑
2006
Annual accounts 2006125,4 k €
22/09/1972
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

BEST

Overview

What does BEST do?

Trend over 20 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