ACTIVE

RAMACO

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Financial year 2025 · closed on 31/12/2025

Net result

201,3 k €

+30.7% YoY

Revenue

10,1 M €

+6.2% YoY

Equity

4,1 M €

+5.1% YoY

Workforce

45,8 ETP

+6.0% YoY

What does RAMACO do?

RAMACO is a Public limited company incorporated in 1974. Its registered office is in Eeklo. It employs on average 45,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0413.973.234

Incorporation

02/03/1974

Legal form

Public limited company

Registered office

Raverschootstraat 159
9900 Eeklo · FlandreSee on map

Contributed capital

545 365,75 €

Latest accounts

31/12/2025

Average workforce

45,8 ETP

Joint committees (5)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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
Revenue	10,1 M €	+6.2%	9,5 M €	-2.6%	9,8 M €	+12.1%	8,7 M €	+8.5%	8,1 M €	-6.0%	8,6 M €	+7.7%	8 M €	-1.8%	8,1 M €	+10.6%	7,3 M €	+13.2%	6,5 M €	-14.2%	7,5 M €	+3.2%	7,3 M €	-0.3%	7,3 M €	+13.4%	6,5 M €	-3.0%	6,7 M €	+16.5%	5,7 M €	-12.3%	6,5 M €	+1.2%	6,5 M €		–		–
EBITDA	419,3 k €	+5.5%	397,3 k €	-49.3%	782,9 k €	-33.4%	1,2 M €	+131%	507,9 k €	+1.6%	500,2 k €	+9.0%	458,8 k €	-33.3%	688,1 k €	+61.6%	425,8 k €	-0.8%	429,4 k €	-18.3%	525,5 k €	+155%	205,7 k €	-11.4%	232,1 k €	-1.6%	235,9 k €	-30.6%	340 k €	+16.0%	293,1 k €	-49.2%	576,8 k €	+142%	238,8 k €	+12.8%	211,7 k €	-31.2%	307,5 k €
Operating result	206,5 k €	+37.0%	150,7 k €	-72.9%	557,1 k €	-35.3%	860,5 k €	+572%	128 k €	-0.4%	128,4 k €	+23.4%	104,1 k €	-71.6%	367,1 k €	+277%	97,4 k €	+15.4%	84,4 k €	-50.5%	170,5 k €	+214%	-149,1 k €	-12.6%	-132,4 k €	-288%	-34,1 k €	-148%	71,2 k €	+326%	16,7 k €	-95.2%	346,3 k €	+550%	53,2 k €	+451%	-15,2 k €	-145%	33,7 k €
Net result	201,3 k €	+30.7%	154 k €	-66.7%	462,6 k €	-32.9%	689 k €	+352%	152,3 k €	-0.9%	153,7 k €	+118%	70,6 k €	-77.5%	313,5 k €	+171%	115,8 k €	+46.3%	79,2 k €	-34.0%	119,8 k €	+161%	-196,7 k €	-7.6%	-182,9 k €	-686%	-23,3 k €	-140%	58,6 k €	-2.9%	60,3 k €	-81.4%	324,7 k €	+1786%	17,2 k €	+121%	-80,3 k €	-590%	16,4 k €
Balance sheet
Equity	4,1 M €	+5.1%	3,9 M €	+4.0%	3,8 M €	+13.8%	3,3 M €	+25.9%	2,6 M €	+5.9%	2,5 M €	+6.4%	2,3 M €	+2.9%	2,3 M €	+5.1%	2,2 M €	+5.4%	2,1 M €	+3.8%	2 M €	+6.2%	1,9 M €	-9.7%	2,1 M €	-8.3%	2,3 M €	-1.2%	2,3 M €	+2.4%	2,2 M €	+5.5%	2,1 M €	+18.0%	1,8 M €	+0.9%	1,8 M €	-4.4%	1,9 M €
Total assets	4,9 M €	-0.4%	4,9 M €	-11.8%	5,5 M €	+24.8%	4,4 M €	+15.2%	3,8 M €	+25.2%	3,1 M €	-1.1%	3,1 M €	-1.2%	3,1 M €	-6.7%	3,4 M €	-4.9%	3,5 M €	-7.5%	3,8 M €	-11.3%	4,3 M €	-13.5%	5 M €	+0.6%	5 M €	+12.3%	4,4 M €	+37.3%	3,2 M €	-9.3%	3,5 M €	+15.2%	3,1 M €	-18.9%	3,8 M €	+8.5%	3,5 M €
Cash	691 k €	+69.3%	408,1 k €	-13.1%	469,9 k €	-29.7%	667,9 k €	-48.0%	1,3 M €	+153%	507,1 k €	-11.5%	572,7 k €	+32.4%	432,5 k €	+205%	141,8 k €	-37.6%	227,3 k €	+45.3%	156,5 k €	-23.4%	204,2 k €	-24.6%	270,7 k €	+78.6%	151,6 k €	-76.4%	643,2 k €	+176%	232,6 k €	+45.6%	159,8 k €	+292%	40,8 k €	-79.8%	202,2 k €	+26.5%	159,8 k €
Debts	705,8 k €	-19.4%	875,4 k €	-48.0%	1,7 M €	+65.5%	1 M €	-9.4%	1,1 M €	+126%	496,1 k €	-28.3%	691,7 k €	-11.1%	778,4 k €	-30.1%	1,1 M €	-19.8%	1,4 M €	-20.4%	1,7 M €	-27.1%	2,4 M €	-17.1%	2,9 M €	+8.0%	2,7 M €	+29.2%	2,1 M €	+125%	918,4 k €	-30.4%	1,3 M €	+15.6%	1,1 M €	-40.9%	1,9 M €	+24.6%	1,6 M €
Other
Workforce	45,8 ETP	+6.0%	43,2 ETP	+3.6%	41,7 ETP	+0.7%	41,4 ETP	-3.0%	42,7 ETP	+3.4%	41,3 ETP	-3.3%	42,7 ETP	+11.2%	38,4 ETP	-1.5%	39,0 ETP	-11.8%	44,2 ETP	-6.6%	47,3 ETP	-4.6%	49,6 ETP	+2.3%	48,5 ETP	-1.0%	49,0 ETP	+4.5%	46,9 ETP	+4.0%	45,1 ETP	-13.8%	52,3 ETP	+10.6%	47,3 ETP	-3.5%	49,0 ETP	-1.2%	49,6 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 · 3 active · 19 ended

Active mandates

CAMIEL

Director · since 14 juin 2023 · until 15 juin 2029 · 0671.724.505

Represented by Olivier Bouckaert

Active

L2-label

Director · since 14 juin 2023 · until 15 juin 2029 · 0669.491.822

Represented by Nick Gasnier

Active

HUYSMAN PROJECTS

Managing director · since 15 juin 2021 · until 15 juin 2027 · 0452.869.541

Represented by Frans Huysman

Active

Ended mandates

HUYSMAN PROPERTIES

Managing director · since 15 juin 2019 · until 15 juin 2025 · 0443.165.284

Represented by Frans Huysman

Ended

HUYSMAN PROPERTIES

Managing director · since 02 mai 2019 · until 15 juin 2025 · 0443.165.284

Represented by Frans Huysman

Ended

CAMIEL

Director · since 21 février 2017 · until 15 juin 2023 · 0671.724.505

Represented by Olivier Bouckaert

Ended

CAMIEL

Director · since 21 février 2017 · until 15 juin 2023 · 0671.724.505

Represented by Olivier Bouckaert

Ended

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	13/07/2026	14/07/2025	11/07/2024	07/07/2023	07/07/2022	08/07/2021
General meeting	15/06/2026	16/06/2025	15/06/2024	15/06/2023	15/06/2022	15/06/2021
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	15/06/2026	13/07/2026	Dutch	PDF
Full model	31/12/2024	16/06/2025	14/07/2025	Dutch	PDF
Full model	31/12/2023	15/06/2024	11/07/2024	Dutch	PDF
Full model	31/12/2022	15/06/2023	07/07/2023	Dutch	PDF
Full model	31/12/2021	15/06/2022	07/07/2022	Dutch	PDF
Full model	31/12/2020	15/06/2021	08/07/2021	Dutch	PDF
Full model	31/12/2019	15/06/2020	08/07/2020	Dutch	PDF
Full model	31/12/2018	15/06/2019	10/07/2019	Dutch	PDF
Full model	31/12/2017	15/06/2018	04/07/2018	Dutch	PDF
Full model	31/12/2016	15/06/2017	04/07/2017	Dutch	PDF
Full model	31/12/2015	15/06/2016	25/07/2016	Dutch	PDF
Full model	31/12/2014	15/06/2015	25/08/2015	Dutch	PDF
Full model	31/12/2013	16/06/2014	28/07/2014	Dutch	PDF
Full model	31/12/2012	15/06/2013	28/08/2013	Dutch	PDF
Full model	31/12/2011	15/06/2012	24/09/2012	Dutch	PDF
Full model	31/12/2010	15/06/2011	29/08/2011	Dutch	PDF
Full model	31/12/2009	15/07/2010	09/08/2010	Dutch	PDF
Full model	31/12/2008	15/06/2009	02/07/2009	Dutch	PDF
Abridged model	31/12/2007	16/06/2008	04/07/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	05/07/2007	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 · 3 active · 19 ended

Active mandates

CAMIEL

Director · since 14 juin 2023 · until 15 juin 2029 · 0671.724.505

Represented by Olivier Bouckaert

Active

L2-label

Director · since 14 juin 2023 · until 15 juin 2029 · 0669.491.822

Represented by Nick Gasnier

Active

HUYSMAN PROJECTS

Managing director · since 15 juin 2021 · until 15 juin 2027 · 0452.869.541

Represented by Frans Huysman

Active

Ended mandates

HUYSMAN PROPERTIES

Managing director · since 15 juin 2019 · until 15 juin 2025 · 0443.165.284

Represented by Frans Huysman

Ended

HUYSMAN PROPERTIES

Managing director · since 02 mai 2019 · until 15 juin 2025 · 0443.165.284

Represented by Frans Huysman

Ended

CAMIEL

Director · since 21 février 2017 · until 15 juin 2023 · 0671.724.505

Represented by Olivier Bouckaert

Ended

CAMIEL

Director · since 21 février 2017 · until 15 juin 2023 · 0671.724.505

Represented by Olivier Bouckaert

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/11/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/10/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/10/2007
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 2025201,3 k €↑
2024
Annual accounts 2024154 k €↓
2023
Annual accounts 2023462,6 k €↓
2022
Annual accounts 2022689 k €↑
2021
Annual accounts 2021152,3 k €↓
2020
Annual accounts 2020153,7 k €↑
2019
Annual accounts 201970,6 k €↓
2018
Annual accounts 2018313,5 k €↑
2017
Annual accounts 2017115,8 k €↑
2016
Annual accounts 201679,2 k €↓
2015
Annual accounts 2015119,8 k €↑
2014
Annual accounts 2014-196,7 k €↓
2013
Annual accounts 2013-182,9 k €↓
2012
Annual accounts 2012-23,3 k €↓
2011
Annual accounts 201158,6 k €↓
2010
Annual accounts 201060,3 k €↓
2009
Annual accounts 2009324,7 k €↑
2008
Annual accounts 200817,2 k €↑
2007
Annual accounts 2007-80,3 k €↓
2006
Annual accounts 200616,4 k €
02/03/1974
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

RAMACO

Overview

What does RAMACO do?

Trend over 20 financial years

Indicative valuation

Board of directors

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