ACTIVE

CHEVIDECO

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Financial year 2025 · closed on 31/12/2025

Net result

195,6 k €

-70.1% YoY

Revenue

40,3 M €

+7.1% YoY

Equity

4,1 M €

+5.1% YoY

Workforce

31,0 ETP

+0.3% YoY

What does CHEVIDECO do?

CHEVIDECO is a Public limited company incorporated in 1973. Its registered office is in Menen. It employs on average 31,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0412.905.838

Incorporation

01/01/1973

Legal form

Public limited company

Registered office

Lar P20
8930 Menen · FlandreSee on map

Contributed capital

220 000,00 €

Latest accounts

31/12/2025

Average workforce

31,0 ETP

Joint committees (5)

114
118
118114
220
2200

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	40,3 M €	+7.1%	37,6 M €	+10.3%	34,1 M €	-5.2%	36 M €	+11.4%	32,3 M €		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	733,4 k €	-22.1%	942 k €	+41.1%	667,8 k €	+175%	-889 k €	-385%	312 k €	+66.8%	187,1 k €	-41.9%	322,2 k €	-33.3%	482,8 k €	+45.8%	331,2 k €	-29.6%	470,2 k €	-3.8%	488,7 k €	-51.9%	1 M €	-1.1%	1 M €	+11.1%	924,3 k €	+35.6%	681,7 k €	+8.5%	628,3 k €	-48.4%	1,2 M €
Operating result	318,6 k €	-53.9%	691 k €	+56.4%	441,9 k €	+139%	-1,1 M €	-2333%	50,8 k €	+185%	-60,1 k €	-138%	156,7 k €	+65.0%	95 k €	-5.1%	100,1 k €	+17.0%	85,5 k €	+60.2%	53,4 k €	-91.5%	630,7 k €	-6.7%	676,2 k €	-4.7%	709,5 k €	+94.0%	365,6 k €	-19.4%	453,4 k €	-57.7%	1,1 M €
Net result	195,6 k €	-70.1%	653,7 k €	+77.4%	368,4 k €	+132%	-1,2 M €	-26047%	4,5 k €	+103%	-142,7 k €	-293%	73,9 k €	-11.8%	83,8 k €	+169%	-121,7 k €	-300%	60,9 k €	-40.6%	102,5 k €	-81.6%	557,9 k €	+11.5%	500,3 k €	+10.5%	452,7 k €	+530%	-105,3 k €	-145%	232,8 k €	-66.0%	684,8 k €
Balance sheet
Equity	4,1 M €	+5.1%	3,9 M €	+20.3%	3,2 M €	+12.9%	2,8 M €	-29.0%	4 M €	+5.7%	3,8 M €	-22.3%	4,9 M €	-7.9%	5,3 M €	+1.6%	5,2 M €	-2.3%	5,3 M €	+1.2%	5,3 M €	-3.6%	5,5 M €	+11.3%	4,9 M €	+11.3%	4,4 M €	+11.4%	4 M €	-7.1%	4,3 M €	+5.8%	4 M €
Total assets	6,9 M €	-5.1%	7,2 M €	+18.7%	6,1 M €	-9.5%	6,8 M €	+5.1%	6,4 M €	-16.8%	7,7 M €	+16.9%	6,6 M €	-9.6%	7,3 M €	-11.9%	8,3 M €	+4.2%	8 M €	-5.6%	8,4 M €	+2.2%	8,3 M €	+2.9%	8 M €	+10.9%	7,2 M €	+7.1%	6,8 M €	-3.1%	7 M €	+2.4%	6,8 M €
Cash	1,4 M €	-8.2%	1,5 M €	+108%	743,8 k €	-14.1%	865,7 k €	+34.6%	643 k €	-48.1%	1,2 M €	+169%	460,6 k €	-70.3%	1,5 M €	+129%	675,8 k €	+99.9%	338 k €	-4.4%	353,4 k €	-51.7%	731,3 k €	+18.1%	619,2 k €	-14.7%	726,3 k €	-34.5%	1,1 M €	-23.6%	1,4 M €	+8.4%	1,3 M €
Debts	2,8 M €	-16.8%	3,4 M €	+16.8%	2,9 M €	-26.0%	3,9 M €	+62.1%	2,4 M €	-37.7%	3,9 M €	+125%	1,7 M €	-7.8%	1,9 M €	-37.2%	3 M €	+18.4%	2,5 M €	-17.6%	3 M €	+16.3%	2,6 M €	-11.2%	2,9 M €	+10.6%	2,7 M €	+2.4%	2,6 M €	+3.8%	2,5 M €	+60.0%	1,6 M €
Other
Workforce	31,0 ETP	+0.3%	30,9 ETP	-4.0%	32,2 ETP	-5.6%	34,1 ETP	-2.0%	34,8 ETP	+28.9%	27,0 ETP	-15.1%	31,8 ETP	+7.4%	29,6 ETP	-5.1%	31,2 ETP	-10.1%	34,7 ETP	+1.5%	34,2 ETP	+10.7%	30,9 ETP	+11.2%	27,8 ETP	+0.7%	27,6 ETP	-0.7%	27,8 ETP	+2.6%	27,1 ETP	+0.7%	26,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 30 ended

Active mandates

KEMSEKE INVEST

Director · since 29 décembre 2023 · until 30 septembre 2029 · 0894.588.240

Represented by Ann Opstoel

Active

Olivier Kemseke

Managing director · since 29 décembre 2023 · until 30 septembre 2029

Active

Philippe Kemseke

Managing director · since 29 décembre 2023 · until 30 septembre 2029

Active

Ended mandates

KEMSEKE INVEST

Director · since 30 septembre 2021 · until 30 septembre 2027 · 0894.588.240

Represented by Ann OPSTOEL

Ended

KEMSEKE INVEST

Director · since 30 septembre 2021 · until 29 mai 2027 · 0894.588.240

Represented by Ann Opstoel

Ended

Olivier Kemseke

Managing director · since 30 septembre 2021 · until 29 mai 2027

Ended

Olivier Kemseke

Managing director · since 30 septembre 2021 · until 30 septembre 2027

Ended

At this address

Other companies at this address

Company	CBE no.
CHEVINVEST● Active	0644.383.965
Kemseke Estate● Active	0668.604.073
KEMSEKE INVEST● Active	0894.588.240

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	10/07/2026	30/06/2025	02/07/2024	30/06/2023	28/06/2022	25/10/2021
General meeting	30/06/2026	31/05/2025	24/06/2024	26/06/2023	20/06/2022	30/09/2021
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	30/06/2026	10/07/2026	Dutch	PDF
Full model	31/12/2024	31/05/2025	30/06/2025	Dutch	PDF
Full model	31/12/2023	24/06/2024	02/07/2024	Dutch	PDF
Full model	31/12/2022	26/06/2023	30/06/2023	Dutch	PDF
Full model	31/12/2021	20/06/2022	28/06/2022	Dutch	PDF
Full model	31/12/2020	30/09/2021	25/10/2021	Dutch	PDF
Full model	31/12/2019	26/10/2020	16/11/2020	Dutch	PDF
Abridged model	31/12/2018	25/05/2019	05/06/2019	Dutch	PDF
Abridged model	31/12/2017	26/05/2018	27/07/2018	Dutch	PDF
Abridged model	31/12/2016	20/04/2017	02/05/2017	Dutch	PDF
Abridged model	31/12/2015	28/05/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	30/05/2015	09/06/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	20/08/2014	Dutch	PDF
Abridged model	31/12/2012	25/05/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	12/06/2012	Dutch	PDF
Abridged model	31/12/2010	28/05/2011	01/07/2011	Dutch	PDF
Abridged model	31/12/2009	29/05/2010	20/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/05/2009	12/06/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	09/06/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	19/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 30 ended

Active mandates

KEMSEKE INVEST

Director · since 29 décembre 2023 · until 30 septembre 2029 · 0894.588.240

Represented by Ann Opstoel

Active

Olivier Kemseke

Managing director · since 29 décembre 2023 · until 30 septembre 2029

Active

Philippe Kemseke

Managing director · since 29 décembre 2023 · until 30 septembre 2029

Active

Ended mandates

KEMSEKE INVEST

Director · since 30 septembre 2021 · until 30 septembre 2027 · 0894.588.240

Represented by Ann OPSTOEL

Ended

KEMSEKE INVEST

Director · since 30 septembre 2021 · until 29 mai 2027 · 0894.588.240

Represented by Ann Opstoel

Ended

Olivier Kemseke

Managing director · since 30 septembre 2021 · until 29 mai 2027

Ended

Olivier Kemseke

Managing director · since 30 septembre 2021 · until 30 septembre 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/05/2018
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring24/07/2017
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/04/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates23/07/2015
ONTSLAGEN - BENOEMINGEN
PDF
Other16/08/2010
adreswijziging
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 2025195,6 k €↓
2024
Annual accounts 2024653,7 k €↑
2023
Annual accounts 2023368,4 k €↑
2022
Annual accounts 2022-1,2 M €↓
2021
Annual accounts 20214,5 k €↑
2018
Annual accounts 2018-142,7 k €↓
2016
Annual accounts 201673,9 k €↓
2015
Annual accounts 201583,8 k €↑
2014
Annual accounts 2014-121,7 k €↓
2013
Annual accounts 201360,9 k €↓
2012
Annual accounts 2012102,5 k €↓
2011
Annual accounts 2011557,9 k €↑
2010
Annual accounts 2010500,3 k €↑
2009
Annual accounts 2009452,7 k €↑
2008
Annual accounts 2008-105,3 k €↓
2007
Annual accounts 2007232,8 k €↓
2006
Annual accounts 2006684,8 k €
01/01/1973
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

CHEVIDECO

Overview

What does CHEVIDECO do?

Trend over 17 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