Denon
0413.253.256 · rovalta.com · 23/09/2026
ACTIVE
Denon
Financial year 2025 · closed on 30/06/2025
Net result
339 k €
-6.6% YoY
Gross margin
1,6 M €
+0.1% YoY
Equity
2,2 M €
+10.8% YoY
Workforce
18,1 ETP
+0.6% YoY
Overview
What does Denon do?
Denon is a Public limited company incorporated in 1973. Its main activity is: Wholesale of coffee, tea, cocoa and spices. Its registered office is in Leuven. It employs on average 18,1 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0413.253.256
Incorporation
14/05/1973
Legal form
Public limited company
Registered office
Brusselsestraat 31
3000 Leuven · FlandreSee on map
3000 Leuven · FlandreSee on map
Contributed capital
125 375,00 €
Latest accounts
30/06/2025
Average workforce
18,1 ETP
Activities (NACE)
46370Wholesale of coffee, tea, cocoa and spices· main46370Wholesale of coffee, tea, cocoa and spices47110Retail sale in non-specialised stores with food, beverages or tobacco predominating47114Retail sale in non-specialised stores with food, beverages or tobacco predominating51370Air transport52114Warehousing and storage
Joint committees (4)
- 119
- 201
- 202
- 20201
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | 1,6 M € | +0.1% | 1,6 M € | +20.6% | 1,3 M € | +44.9% | 890,3 k € | +5.2% | 846,7 k € | -5.7% | 897,7 k € | +8.1% | 830,3 k € | +6.4% | 780,7 k € | -7.0% | 839,2 k € | +10.7% | 758,3 k € | +7.3% | 707 k € | +1.4% | 697 k € | -12.2% | 793,8 k € | +13.9% | 696,7 k € | +1.3% | 688 k € | -11.7% | 778,7 k € | +9.6% | 710,6 k € | -16.5% | 850,6 k € |
| EBITDA | 711,3 k € | -6.0% | 756,9 k € | +35.3% | 559,3 k € | +106% | 270,9 k € | -12.1% | 308,2 k € | -11.1% | 346,9 k € | +10.1% | 315,1 k € | +34.0% | 235,1 k € | +2.0% | 230,5 k € | +32.2% | 174,4 k € | +60.8% | 108,4 k € | +27.1% | 85,3 k € | -55.6% | 192,1 k € | +107% | 92,7 k € | -41.7% | 158,9 k € | -0.1% | 159 k € | +122% | 71,6 k € | -71.2% | 248,4 k € |
| Operating result | 476,7 k € | -11.2% | 536,7 k € | +61.4% | 332,4 k € | +451% | 60,3 k € | -65.9% | 176,8 k € | -10.1% | 196,7 k € | -0.8% | 198,3 k € | +290% | 50,9 k € | -7.6% | 55,1 k € | +1403% | -4,2 k € | +92.3% | -55,3 k € | +36.7% | -87,3 k € | -381% | 31,1 k € | +153% | -59 k € | -749% | 9,1 k € | +2.1% | 8,9 k € | +112% | -76,5 k € | -153% | 144,4 k € |
| Net result | 339 k € | -6.6% | 363,1 k € | +35.5% | 268 k € | +502% | 44,6 k € | -64.3% | 124,7 k € | -15.1% | 146,8 k € | +21.7% | 120,7 k € | +177% | 43,6 k € | -49.6% | 86,4 k € | +52.8% | 56,5 k € | +107% | 27,3 k € | +338% | -11,5 k € | -112% | 96 k € | +305% | 23,7 k € | -69.3% | 77,1 k € | -3.6% | 80 k € | +585% | 11,7 k € | -94.3% | 205,2 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 2,2 M € | +10.8% | 2 M € | +13.6% | 1,8 M € | +17.6% | 1,5 M € | +15.8% | 1,3 M € | +10.5% | 1,2 M € | -23.1% | 1,5 M € | +8.4% | 1,4 M € | +0.9% | 1,4 M € | +1.9% | 1,4 M € | +4.2% | 1,3 M € | -3.0% | 1,4 M € | -0.9% | 1,4 M € | +7.4% | 1,3 M € | +1.8% | 1,3 M € | +5.4% | 1,2 M € | +6.0% | 1,1 M € | +1.0% | 1,1 M € |
| Total assets | 3,2 M € | +10.2% | 2,9 M € | +1.3% | 2,9 M € | +13.3% | 2,5 M € | +18.2% | 2,1 M € | +26.6% | 1,7 M € | -22.2% | 2,2 M € | +6.9% | 2 M € | -5.5% | 2,1 M € | +0.6% | 2,1 M € | +3.2% | 2,1 M € | +7.0% | 1,9 M € | -4.5% | 2 M € | -7.9% | 2,2 M € | +2.1% | 2,2 M € | -13.9% | 2,5 M € | +8.8% | 2,3 M € | +20.6% | 1,9 M € |
| Cash | 765,6 k € | +37.0% | 558,6 k € | -40.8% | 942,9 k € | +67.3% | 563,6 k € | -23.7% | 739 k € | +209% | 238,8 k € | -71.2% | 828,4 k € | +36.3% | 607,8 k € | -22.8% | 787,1 k € | +31.0% | 600,8 k € | +18.7% | 506 k € | +115% | 235,5 k € | -34.2% | 358 k € | -29.8% | 509,8 k € | +20.4% | 423,3 k € | -37.0% | 671,4 k € | +83.0% | 366,8 k € | +20.4% | 304,5 k € |
| Debts | 859,4 k € | +14.5% | 750,8 k € | -20.9% | 948,6 k € | +10.7% | 857 k € | +7.8% | 794,9 k € | +66.7% | 476,9 k € | -20.1% | 596,9 k € | +2.7% | 581,1 k € | -18.1% | 709,1 k € | +0.1% | 708,5 k € | +1.9% | 695 k € | +33.1% | 522,3 k € | -13.2% | 601,4 k € | -31.2% | 873,6 k € | +3.3% | 845,8 k € | -32.7% | 1,3 M € | +11.9% | 1,1 M € | +53.7% | 730,9 k € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | 18,1 ETP | +0.6% | 18,0 ETP | +5.9% | 17,0 ETP | +3.0% | 16,5 ETP | +5.8% | 15,6 ETP | -8.8% | 17,1 ETP | +16.3% | 14,7 ETP | -2.0% | 15,0 ETP | -3.8% | 15,6 ETP | -3.7% | 16,2 ETP | -1.8% | 16,5 ETP | -4.6% | 17,3 ETP | -1.1% | 17,5 ETP | -7.4% | 18,9 ETP | +5.6% | 17,9 ETP | +3.5% | 17,3 ETP | -11.7% | 19,6 ETP | -3.0% | 20,2 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationGovernance
Board of directors
Seen on filing of 30/06/2025 · 1 active · 13 ended
Active mandates
Jan Denon
ActiveEnded mandates
Elisabeth Suttels
EndedElisbeth Suttels
EndedElisbeth Suttels
EndedJan Denon
EndedFinancials
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 | 01/07/2024 | 01/07/2023 | 01/07/2022 | 01/07/2021 | 01/07/2020 | 01/07/2019 |
| Closing of the financial year | 30/06/2025 | 30/06/2024 | 30/06/2023 | 30/06/2022 | 30/06/2021 | 30/06/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 19/12/2025 | 23/01/2025 | 11/01/2024 | 31/01/2023 | 06/01/2022 | 27/01/2021 |
| General meeting | 01/12/2025 | 02/12/2024 | 04/12/2023 | 05/12/2022 | 06/12/2021 | 28/12/2020 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 30/06/2025 | 01/12/2025 | 19/12/2025 | Dutch | |
| Abridged model | 30/06/2024 | 02/12/2024 | 23/01/2025 | Dutch | |
| Abridged model | 30/06/2023 | 04/12/2023 | 11/01/2024 | Dutch | |
| Abridged model | 30/06/2022 | 05/12/2022 | 31/01/2023 | Dutch | |
| Abridged model | 30/06/2021 | 06/12/2021 | 06/01/2022 | Dutch | |
| Abridged model | 30/06/2020 | 28/12/2020 | 27/01/2021 | Dutch | |
| Abridged model | 30/06/2019 | 02/12/2019 | 18/12/2019 | Dutch | |
| Abridged model | 30/06/2018 | 03/12/2018 | 17/12/2018 | Dutch | |
| Abridged model | 30/06/2017 | 04/12/2017 | 19/12/2017 | Dutch | |
| Abridged model | 30/06/2016 | 05/12/2016 | 20/12/2016 | Dutch | |
| Abridged model | 30/06/2015 | 07/12/2015 | 22/12/2015 | Dutch | |
| Abridged model | 30/06/2014 | 01/12/2014 | 18/12/2014 | Dutch | |
| Abridged model | 30/06/2013 | 02/12/2013 | 19/12/2013 | Dutch | |
| Abridged model | 30/06/2012 | 03/12/2012 | 19/12/2012 | Dutch | |
| Abridged model | 30/06/2011 | 05/12/2011 | 22/12/2011 | Dutch | |
| Abridged model | 30/06/2010 | 06/12/2010 | 22/12/2010 | Dutch | |
| Abridged model | 30/06/2009 | 07/12/2009 | 17/12/2009 | Dutch | |
| Abridged model | 30/06/2008 | 01/12/2008 | 17/12/2008 | Dutch | |
| Abridged model | 30/06/2007 | 03/12/2007 | 19/12/2007 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/06/2025 · 1 active · 13 ended
Active mandates
Jan Denon
ActiveEnded mandates
Elisabeth Suttels
EndedElisbeth Suttels
EndedElisbeth Suttels
EndedJan Denon
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates05/03/2024ONTSLAGEN - BENOEMINGEN
- Mandates10/11/2023STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
- Capital / shares07/01/2019KAPITAAL - AANDELEN
- Mandates26/01/2018ONTSLAGEN - BENOEMINGEN
- Capital / shares29/04/2014KAPITAAL - AANDELEN
- Other10/05/2012STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Other09/02/2012ALGEMENE VERGADERING
- Mandates05/01/2009ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025339 k €↓
- 2024Annual accounts 2024363,1 k €↑
- 2023Annual accounts 2023268 k €↑
- 2022Annual accounts 202244,6 k €↓
- 2020Annual accounts 2020124,7 k €↓
- 2019Annual accounts 2019146,8 k €↑
- 2018Annual accounts 2018120,7 k €↑
- 2017Annual accounts 201743,6 k €↓
- 2016Annual accounts 201686,4 k €↑
- 2015Annual accounts 201556,5 k €↑
- 2014Annual accounts 201427,3 k €↑
- 2013Annual accounts 2013-11,5 k €↓
- 2012Annual accounts 201296 k €↑
- 2011Annual accounts 201123,7 k €↓
- 2010Annual accounts 201077,1 k €↓
- 2009Annual accounts 200980 k €↑
- 2008Annual accounts 200811,7 k €↓
- 2007Annual accounts 2007205,2 k €
- 14/05/1973IncorporationPublic limited company