ACTIVE

MATHIEU GIJBELS

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Financial year 2025 · closed on 31/12/2025

Net result

689,3 k €

-63.9% YoY

Revenue

81,8 M €

-15.1% YoY

Equity

8,6 M €

+8.7% YoY

Workforce

181,1 ETP

-2.8% YoY

What does MATHIEU GIJBELS do?

MATHIEU GIJBELS is a Public limited company incorporated in 1973. Its main activity is: Manufacture of engines and turbines, except aircraft, vehicle and cycle engines. Its registered office is in Oudsbergen. It employs on average 181,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0413.753.894

Incorporation

13/12/1973

Legal form

Public limited company

Registered office

Industrieweg-Noord 1161
3660 Oudsbergen · FlandreSee on map

Contributed capital

1 078 780,00 €

Latest accounts

31/12/2025

Average workforce

181,1 ETP

Activities (NACE)

28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines· main 41003Construction of buildings 41203Construction of residential and non-residential buildings 45213Maintenance and repair of motor vehicles 45213Maintenance and repair of motor vehicles

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2019		2018		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	81,8 M €	-15.1%	96,3 M €	-3.6%	99,9 M €	+24.0%	80,6 M €	-0.1%	80,6 M €	+0.4%	80,3 M €	-6.8%	86,2 M €	+15.4%	74,7 M €	+13.9%	65,5 M €	-9.6%	72,5 M €	+25.1%	57,9 M €	-2.4%	59,4 M €	+17.5%	50,5 M €	-8.6%	55,3 M €	-13.6%	64,1 M €	-8.5%	70 M €	-1.1%	70,8 M €
EBITDA	1,9 M €	-36.1%	2,9 M €	-14.8%	3,4 M €	+734%	408,5 k €	-76.4%	1,7 M €	-49.1%	3,4 M €	+34.5%	2,5 M €	+127%	1,1 M €	-13.7%	1,3 M €	-68.2%	4,1 M €	+391%	827,3 k €	-60.8%	2,1 M €	+105%	1 M €	-72.1%	3,7 M €	+26.0%	2,9 M €	+3.7%	2,8 M €	-13.4%	3,3 M €
Operating result	1,1 M €	-57.4%	2,5 M €	-19.4%	3,1 M €	+1089%	258 k €	-80.9%	1,3 M €	-43.3%	2,4 M €	+30.8%	1,8 M €	+220%	567,6 k €	-25.5%	761,6 k €	-76.9%	3,3 M €	+1851%	169,3 k €	-89.7%	1,6 M €	+173%	604,4 k €	-80.8%	3,2 M €	+23.5%	2,6 M €	+2.7%	2,5 M €	-3.3%	2,6 M €
Net result	689,3 k €	-63.9%	1,9 M €	-20.3%	2,4 M €	+822%	259,9 k €	-75.3%	1,1 M €	-27.1%	1,4 M €	+23.7%	1,2 M €	+1566%	70 k €	-48.7%	136,6 k €	-93.4%	2,1 M €	+306%	508,8 k €	-46.4%	950,2 k €	+266%	259,9 k €	-86.4%	1,9 M €	+21.7%	1,6 M €	+34.6%	1,2 M €	-25.8%	1,6 M €
Balance sheet
Equity	8,6 M €	+8.7%	7,9 M €	+31.9%	6 M €	-32.7%	8,9 M €	+3.0%	8,6 M €	+40.0%	6,2 M €	+30.5%	4,7 M €	+5.4%	4,5 M €	+1.5%	4,4 M €	+3.1%	4,3 M €	+1.5%	4,2 M €	+13.7%	3,7 M €	+37.2%	2,7 M €	-30.0%	3,9 M €	+10.5%	3,5 M €	+19.7%	2,9 M €	+6.2%	2,7 M €
Total assets	26,7 M €	-14.5%	31,2 M €	+4.1%	30 M €	+2.6%	29,2 M €	+7.5%	27,2 M €	+3.6%	26,2 M €	+8.1%	24,3 M €	-1.3%	24,6 M €	+24.8%	19,7 M €	+7.4%	18,4 M €	+0.7%	18,2 M €	+0.3%	18,2 M €	+30.0%	14 M €	-17.9%	17 M €	+1.8%	16,7 M €	-13.3%	19,3 M €	+8.4%	17,8 M €
Cash	4,4 M €	+52.4%	2,9 M €	-64.9%	8,2 M €	-2.8%	8,4 M €	+86.4%	4,5 M €	-38.6%	7,3 M €	+27.8%	5,7 M €	-37.3%	9,2 M €	+176%	3,3 M €	-32.7%	4,9 M €	+64.1%	3 M €	+37.2%	2,2 M €	-24.3%	2,9 M €	-40.0%	4,8 M €	+4574%	103 k €	-3.0%	106,2 k €	+186%	37,2 k €
Debts	17,6 M €	-23.4%	23 M €	-2.7%	23,7 M €	+18.0%	20 M €	+9.7%	18,3 M €	-7.5%	19,8 M €	+4.4%	18,9 M €	-5.1%	19,9 M €	+32.4%	15,1 M €	+8.9%	13,8 M €	+0.4%	13,8 M €	-3.2%	14,2 M €	+32.3%	10,8 M €	-14.4%	12,6 M €	-5.0%	13,2 M €	-19.2%	16,4 M €	+8.8%	15 M €
Other
Workforce	181,1 ETP	-2.8%	186,4 ETP	+1.1%	184,4 ETP	+1.1%	182,4 ETP	-6.5%	195,0 ETP	-5.2%	205,6 ETP	+1.0%	203,5 ETP	-1.1%	205,7 ETP	-1.5%	208,8 ETP	+2.7%	203,4 ETP	+3.2%	197,1 ETP	+0.8%	195,5 ETP	+2.0%	191,7 ETP	+1.2%	189,5 ETP	-3.6%	196,5 ETP	-2.0%	200,6 ETP	+11.9%	179,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 11 ended

Active mandates

Davy BEUTEN

Director · since 18 décembre 2020 · until 18 décembre 2026

Active

Hendrik SWENNEN

Director · since 18 décembre 2020 · until 18 décembre 2026

Active

Ended mandates

DBUILD

Director · since 01 avril 2017 · until 21 mai 2021 · 0673.723.792

Represented by Davy BEUTEN

Ended

SENS

Director · since 01 avril 2017 · until 21 mai 2021 · 0673.647.776

Represented by Hendrik SWENNEN

Ended

Danny LENAERTS

Managing director · since 15 mai 2015 · until 21 mai 2021

Ended

GIJBELS GROUP

Director · since 15 mai 2015 · until 21 mai 2021 · 0474.953.174

Represented by Mathi GIJBELS

Ended

At this address

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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	09/06/2026	05/08/2025	03/06/2024	14/06/2023	21/06/2022	20/06/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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
Full model	31/12/2025	15/05/2026	09/06/2026	Dutch	PDF
Full model	31/12/2024	16/05/2025	05/08/2025	Dutch	PDF
Full model	31/12/2023	17/05/2024	03/06/2024	Dutch	PDF
Full model	31/12/2022	19/05/2023	14/06/2023	Dutch	PDF
Full model	31/12/2021	20/05/2022	21/06/2022	Dutch	PDF
Full model	31/12/2020	21/05/2021	20/06/2021	Dutch	PDF
Full model	31/12/2019	15/05/2020	07/07/2020	Dutch	PDF
Full model	31/12/2018	17/05/2019	10/07/2019	Dutch	PDF
Full model	31/12/2017	18/05/2018	07/08/2018	Dutch	PDF
Full model	31/12/2016	19/05/2017	31/07/2017	Dutch	PDF
Full model	31/12/2015	20/05/2016	14/06/2016	Dutch	PDF
Full model	31/12/2014	15/05/2015	09/07/2015	Dutch	PDF
Full model	31/12/2013	16/05/2014	27/06/2014	Dutch	PDF
Full model	31/12/2012	17/05/2013	17/06/2013	Dutch	PDF
Full model	31/12/2011	18/05/2012	18/06/2012	Dutch	PDF
Full model	31/12/2010	20/05/2011	20/06/2011	Dutch	PDF
Full model	31/12/2009	21/05/2010	21/06/2010	Dutch	PDF
Full model	31/12/2008	15/05/2009	23/06/2009	Dutch	PDF
Full model	31/12/2007	16/05/2008	13/06/2008	Dutch	PDF
Full model	31/12/2006	18/05/2007	18/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 11 ended

Active mandates

Davy BEUTEN

Director · since 18 décembre 2020 · until 18 décembre 2026

Active

Hendrik SWENNEN

Director · since 18 décembre 2020 · until 18 décembre 2026

Active

Ended mandates

DBUILD

Director · since 01 avril 2017 · until 21 mai 2021 · 0673.723.792

Represented by Davy BEUTEN

Ended

SENS

Director · since 01 avril 2017 · until 21 mai 2021 · 0673.647.776

Represented by Hendrik SWENNEN

Ended

Danny LENAERTS

Managing director · since 15 mai 2015 · until 21 mai 2021

Ended

GIJBELS GROUP

Director · since 15 mai 2015 · until 21 mai 2021 · 0474.953.174

Represented by Mathi GIJBELS

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other26/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates13/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring19/10/2018
DOEL - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 2025689,3 k €↓
2024
Annual accounts 20241,9 M €↓
2023
Annual accounts 20232,4 M €↑
2022
Annual accounts 2022259,9 k €↓
2021
Annual accounts 20211,1 M €↓
2019
Annual accounts 20191,4 M €↑
2018
Annual accounts 20181,2 M €↑
2015
Annual accounts 201570 k €↓
2014
Annual accounts 2014136,6 k €↓
2013
Annual accounts 20132,1 M €↑
2012
Annual accounts 2012508,8 k €↓
2011
Annual accounts 2011950,2 k €↑
2010
Annual accounts 2010259,9 k €↓
2009
Annual accounts 20091,9 M €↑
2008
Annual accounts 20081,6 M €↑
2007
Annual accounts 20071,2 M €↓
2006
Annual accounts 20061,6 M €
13/12/1973
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

MATHIEU GIJBELS

Overview

What does MATHIEU GIJBELS 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