ACTIVE

ERGON

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Financial year 2025 · Closed on 31/12/2025

Net result
512,7 k €
-86,0 %over 1 year
Revenue
64,2 M €
+2,0 %over 1 year
Equity
22,6 M €
-9,9 %over 1 year
Workforce
270,0 ETP
-1,8 %over 1 year

Identity

Source · BCE/KBO

ERGON is a Public limited company incorporated in 1973. Its registered office is in Lier. It employs on average 270,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0412.962.454
Incorporation
01/01/1973
Legal form
Public limited company
Registered office
Marnixdreef 5
2500 Lier · FlandreSee on map
Contributed capital
65 000,00 €
Latest accounts
31/12/2025
Average workforce
270,0 ETP
Joint committees (3)
  • 10602
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue64,2 M €62,9 M €63 M €80,5 M €64,8 M €
EBITDA1,1 M €4 M €7,4 M €3,3 M €2,4 M €
Operating result741 k €3,7 M €4,4 M €2,5 M €1,7 M €
Net result512,7 k €3,7 M €3,9 M €1,8 M €1,2 M €
Balance sheet
Equity22,6 M €25,1 M €31,5 M €32,5 M €35,7 M €
Total assets45,6 M €59 M €62,4 M €70 M €67,4 M €
Cash125,7 k €––78,5 €28,7 k €
Debts22,3 M €33 M €30,1 M €36,7 M €31,1 M €
Other
Workforce270,0 ETP274,9 ETP280,7 ETP287,8 ETP294,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 18 ended

Active mandates

Arijan Bakker

Director · since 17 septembre 2025 · until 17 septembre 2031

Active
Davy Ras

Director · since 31 mai 2024 · until 31 mai 2030

Active

Ended mandates

Stefan Van Buggenhout

Director · since 07 juin 2019 · until 31 mai 2025

Ended
Stefan Van Buggenhout

Director · since 07 juin 2019 · until 06 juin 2025

Ended
Stefan Van Buggenhout

Director · since 01 juin 2019 · until 06 juin 2025

Ended
Davy Ras

Director · since 12 juin 2018 · until 11 juin 2024

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/06/202617/06/202524/06/202427/07/202323/06/202210/06/2021
General meeting31/05/202622/05/202531/05/202422/06/202303/06/202214/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202531/05/202617/06/2026DutchPDF
Full model31/12/202422/05/202517/06/2025DutchPDF
Full model31/12/202331/05/202424/06/2024DutchPDF
Full model31/12/202222/06/202327/07/2023DutchPDF
Full model31/12/202103/06/202223/06/2022DutchPDF
Full model31/12/202014/05/202110/06/2021DutchPDF
Full model31/12/201919/06/202003/07/2020DutchPDF
Full model31/12/201807/06/201925/06/2019DutchPDF
Full model31/12/201712/06/201826/06/2018DutchPDF
Full model31/12/201602/06/201730/06/2017DutchPDF
Full model31/12/201503/06/201620/06/2016DutchPDF
Full model31/12/201405/06/201510/07/2015DutchPDF
Full model31/12/201306/06/201408/07/2014DutchPDF
Full model31/12/201211/10/201323/10/2013DutchPDF
Full model31/12/201101/06/201210/07/2012DutchPDF
Full model31/12/201003/06/201104/07/2011DutchPDF
Full model31/12/200904/06/201001/07/2010DutchPDF
Full model31/12/200805/06/200923/06/2009DutchPDF
Full model31/12/200706/06/200811/07/2008DutchPDF
Full model31/12/200601/06/200703/07/2007DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 18 ended

Active mandates

Arijan Bakker

Director · since 17 septembre 2025 · until 17 septembre 2031

Active
Davy Ras

Director · since 31 mai 2024 · until 31 mai 2030

Active

Ended mandates

Stefan Van Buggenhout

Director · since 07 juin 2019 · until 31 mai 2025

Ended
Stefan Van Buggenhout

Director · since 07 juin 2019 · until 06 juin 2025

Ended
Stefan Van Buggenhout

Director · since 01 juin 2019 · until 06 juin 2025

Ended
Davy Ras

Director · since 12 juin 2018 · until 11 juin 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates15/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/11/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other02/02/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ALGEMENE VERGADERING
    PDF
  • Mandates11/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/12/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/06/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/07/2018
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025512,7 k €↓
  2. 17/09/2025
    nominationArijan Bakker — bestuurder
  3. 01/01/2025
    nominationSofian Milad — vaste vertegenwoordiger van de commissaris
  4. 2024
    Annual accounts 20243,7 M €↓
  5. 31/05/2024
    reconductionDavy Ras — bestuurder
  6. 31/05/2024
    reconductionDeloitte Bedrijfsrevisoren BV o.v.v. CVBA — commissaris
  7. 2023
    Annual accounts 20233,9 M €↑
  8. 2022
    Annual accounts 20221,8 M €↑
  9. 2021
    Annual accounts 20211,2 M €↑
  10. 2020
    Annual accounts 2020816,5 k €↑
  11. 2019
    Annual accounts 2019113 k €↓
  12. 2018
    Annual accounts 20181,3 M €↓
  13. 2017
    Annual accounts 20172,6 M €↑
  14. 2016
    Annual accounts 20161,7 M €↑
  15. 2015
    Annual accounts 2015531,3 k €↓
  16. 2014
    Annual accounts 201412,1 M €↑
  17. 2013
    Annual accounts 20133,9 M €↓
  18. 2012
    Annual accounts 201239,6 M €↓
  19. 2011
    Annual accounts 201158,7 M €↑
  20. 2010
    Annual accounts 2010-3,8 M €↓
  21. 2009
    Annual accounts 2009854 k €↓
  22. 2008
    Annual accounts 20081,2 M €↑
  23. 2007
    Annual accounts 20071,1 M €
  24. 01/01/1973
    IncorporationPublic limited company