ACTIVE

Denys

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Financial year 2025 · closed on 31/12/2025

Net result

38,2 M €

+772.2% YoY

Revenue

506,3 M €

+38.4% YoY

Equity

103,8 M €

+60.3% YoY

Workforce

969,3 ETP

+7.8% YoY

What does Denys do?

Denys is a Public limited company incorporated in 1976. Its main activity is: Construction of utility projects for fluids. Its registered office is in Gent. It employs on average 969,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.585.801

Incorporation

24/11/1976

Legal form

Public limited company

Registered office

Industrieweg 124
9032 Gent · FlandreSee on map

Contributed capital

5 291 000,00 €

Latest accounts

31/12/2025

Average workforce

969,3 ETP

Activities (NACE)

42211Construction of utility projects for fluids· main 42211Construction of utility projects for fluids 43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.45215Maintenance and repair of motor vehicles

Joint committees (3)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	506,3 M €	+38.4%	365,9 M €	+12.1%	326,3 M €	+24.4%	262,3 M €	-16.7%	314,9 M €	+38.8%	226,8 M €	+5.1%	215,8 M €	+12.2%	192,3 M €	+4.6%	183,8 M €	-7.0%	197,6 M €	-6.4%	211,1 M €	+15.5%	182,7 M €	-9.0%	200,9 M €	-2.6%	206,3 M €	+43.1%	144,2 M €	+10.2%	130,9 M €	-0.2%	131,1 M €	+43.9%	91,1 M €
EBITDA	50,6 M €	+204%	16,7 M €	+21.5%	13,7 M €	+21.4%	11,3 M €	-16.5%	13,5 M €	+16.7%	11,6 M €	-26.0%	15,7 M €	+102%	7,8 M €	-5.9%	8,3 M €	-8.6%	9 M €	-34.8%	13,9 M €	+7.1%	13 M €	+0.4%	12,9 M €	-40.5%	21,7 M €	+69.0%	12,8 M €	-15.7%	15,2 M €	+23.3%	12,3 M €	+9.8%	11,2 M €
Operating result	44,6 M €	+1867%	2,3 M €	-68.2%	7,1 M €	-18.3%	8,7 M €	+48.2%	5,9 M €	-3.5%	6,1 M €	-51.8%	12,7 M €	+449%	2,3 M €	-54.4%	5,1 M €	-28.3%	7 M €	-34.3%	10,7 M €	+13.3%	9,5 M €	+1.2%	9,4 M €	-45.8%	17,3 M €	+96.5%	8,8 M €	-22.8%	11,4 M €	+8.8%	10,5 M €	+14.2%	9,2 M €
Net result	38,2 M €	+772%	4,4 M €	-18.7%	5,4 M €	-9.8%	6 M €	+310%	1,5 M €	-70.8%	5 M €	-29.1%	7 M €	+6557%	-109,1 k €	-102%	4,4 M €	-16.1%	5,3 M €	-25.6%	7,1 M €	-16.8%	8,5 M €	+26.6%	6,7 M €	-42.6%	11,7 M €	+24.4%	9,4 M €	-9.5%	10,4 M €	+50.0%	6,9 M €	+6.3%	6,5 M €
Balance sheet
Equity	103,8 M €	+60.3%	64,7 M €	-5.0%	68,1 M €	+8.6%	62,7 M €	+1.6%	61,7 M €	+15.5%	53,4 M €	+10.3%	48,4 M €	+5.5%	45,9 M €	-0.2%	46 M €	+2.9%	44,7 M €	+13.4%	39,4 M €	+10.1%	35,8 M €	+28.8%	27,8 M €	-2.5%	28,5 M €	+33.9%	21,3 M €	+1.9%	20,9 M €	+15.5%	18,1 M €	+0.1%	18,1 M €
Total assets	528,9 M €	+41.1%	374,9 M €	+68.4%	222,6 M €	+4.7%	212,7 M €	-0.9%	214,5 M €	+4.2%	205,8 M €	+32.5%	155,3 M €	+13.5%	136,7 M €	-2.0%	139,5 M €	+10.8%	125,9 M €	+0.4%	125,5 M €	-5.3%	132,5 M €	+6.2%	124,8 M €	-2.0%	127,4 M €	+6.7%	119,4 M €	+46.6%	81,5 M €	+1.0%	80,7 M €	+2.9%	78,4 M €
Cash	37,4 M €	+126%	16,5 M €	+25.4%	13,2 M €	-64.3%	36,9 M €	+27.2%	29 M €	-28.6%	40,7 M €	+90.1%	21,4 M €	+17.1%	18,3 M €	-35.4%	28,3 M €	+16.6%	24,2 M €	+45.1%	16,7 M €	-5.3%	17,6 M €	+122%	7,9 M €	-65.3%	22,9 M €	+125%	10,2 M €	+254%	2,9 M €	-41.7%	4,9 M €	+63.9%	3 M €
Debts	411,1 M €	+38.6%	296,6 M €	+101%	147,3 M €	+2.8%	143,3 M €	-0.9%	144,5 M €	-1.7%	147 M €	+44.6%	101,7 M €	+21.1%	84 M €	-2.7%	86,3 M €	+15.7%	74,6 M €	-5.6%	79 M €	-10.6%	88,3 M €	-2.1%	90,2 M €	-1.3%	91,4 M €	-0.5%	91,9 M €	+66.2%	55,3 M €	-6.3%	59 M €	+4.7%	56,3 M €
Other
Workforce	969,3 ETP	+7.8%	899,5 ETP	-7.1%	968,4 ETP	+18.9%	814,8 ETP	-2.9%	839,0 ETP	+18.7%	707,0 ETP	-1.3%	716,6 ETP	+18.3%	605,5 ETP	+7.6%	562,8 ETP	+5.3%	534,6 ETP	-4.6%	560,5 ETP	+1.3%	553,2 ETP	-5.0%	582,4 ETP	-9.1%	640,5 ETP	+0.0%	640,3 ETP	+21.4%	527,5 ETP	+13.5%	464,6 ETP	+16.6%	398,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 32 ended

Active mandates

BART DE LAERE

Director · since 29 avril 2025 · until 05 juin 2029

Active

GEERT DHONT

Director · since 29 avril 2025 · until 05 juin 2029

Active

LUC HOPPENBROUWERS

Director · since 29 avril 2025 · until 05 juin 2029

Active

COFINCO

Director · since 29 janvier 2023 · until 29 avril 2025 · 0464.397.495

Represented by Michel Prof.Em.Dr. VAN HECKE

Active

JAN VAN BERGEIJK

Director · since 29 janvier 2023 · until 29 avril 2025

Active

JOHAN VAN WASSENHOVE

Managing director · since 29 janvier 2023 · until 05 juin 2029

Active

Ended mandates

COFINCO

Director · since 29 janvier 2023 · until 29 janvier 2029 · 0464.397.495

Represented by Michel Prof.Em.Dr. VAN HECKE

Ended

COFINCO

Director · since 29 janvier 2023 · until 29 janvier 2029 · 0464.397.495

Represented by Michel Prof.Em.Dr. VAN HECKE

Ended

JAN VAN BERGEIJK

Director · since 29 janvier 2023 · until 29 janvier 2029

Ended

JOHAN VAN WASSENHOVE

Managing director · since 29 janvier 2023 · until 29 janvier 2029

Ended

At this address

Other companies at this address

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Abscis / Denys - Jan Snel / Denys Support● Active	0759.879.192
Denys - Jan Snel● Active	0759.877.511
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DENYS SUPPORT● Active	0508.751.736
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LIVAN MAINTENANCE● Active	0537.239.943
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SM DENYS - BESIX GO4ZERO● Active	1013.758.084
SM WUST - DENYS Grand Théâtre à Verviers● Active	1003.376.314
THV Cafasso Construction● Active	0543.967.189
thv CIT BLATON-DENIJS● Active	0699.597.751
THV Democo - Denys Provinciehuis-Antwerpen● Active	0562.806.173
THV Denys - Building - Democo● Active	0589.957.760
THV DENYS - DE WITTE - IPARC● Active	0651.791.597
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TM DEFDEN● Active	1011.120.377

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	24/06/2026	15/07/2025	03/07/2024	03/07/2023	29/06/2022	12/08/2021
General meeting	23/06/2026	27/06/2025	26/06/2024	27/06/2023	24/06/2022	22/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	23/06/2026	24/06/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	15/07/2025	Dutch	PDF
Full model	31/12/2023	26/06/2024	03/07/2024	Dutch	PDF
Full model	31/12/2022	27/06/2023	03/07/2023	Dutch	PDF
Full modelCorrection	31/12/2021	24/06/2022	21/06/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	29/06/2022	Dutch	PDF
Full model	31/12/2020	22/06/2021	12/08/2021	Dutch	PDF
Full model	31/12/2019	19/06/2020	07/08/2020	Dutch	PDF
Full model	31/12/2018	04/06/2019	11/06/2019	Dutch	PDF
Full model	31/12/2017	05/06/2018	21/06/2018	Dutch	PDF
Full model	31/12/2016	06/06/2017	29/06/2017	Dutch	PDF
Full model	31/12/2015	07/06/2016	28/06/2016	Dutch	PDF
Full model	31/12/2014	02/06/2015	13/07/2015	Dutch	PDF
Full model	31/12/2013	03/06/2014	19/06/2014	Dutch	PDF
Full model	31/12/2012	04/06/2013	24/06/2013	Dutch	PDF
Full model	31/12/2011	05/06/2012	22/06/2012	Dutch	PDF
Full model	31/12/2010	07/06/2011	20/06/2011	Dutch	PDF
Full model	31/12/2009	01/06/2010	11/06/2010	Dutch	PDF
Full model	31/12/2008	16/06/2009	09/07/2009	Dutch	PDF
Full model	31/12/2007	03/06/2008	26/06/2008	Dutch	PDF
Full model	31/12/2006	19/06/2007	06/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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 · 6 active · 32 ended

Active mandates

BART DE LAERE

Director · since 29 avril 2025 · until 05 juin 2029

Active

GEERT DHONT

Director · since 29 avril 2025 · until 05 juin 2029

Active

LUC HOPPENBROUWERS

Director · since 29 avril 2025 · until 05 juin 2029

Active

COFINCO

Director · since 29 janvier 2023 · until 29 avril 2025 · 0464.397.495

Represented by Michel Prof.Em.Dr. VAN HECKE

Active

JAN VAN BERGEIJK

Director · since 29 janvier 2023 · until 29 avril 2025

Active

JOHAN VAN WASSENHOVE

Managing director · since 29 janvier 2023 · until 05 juin 2029

Active

Ended mandates

COFINCO

Director · since 29 janvier 2023 · until 29 janvier 2029 · 0464.397.495

Represented by Michel Prof.Em.Dr. VAN HECKE

Ended

COFINCO

Director · since 29 janvier 2023 · until 29 janvier 2029 · 0464.397.495

Represented by Michel Prof.Em.Dr. VAN HECKE

Ended

JAN VAN BERGEIJK

Director · since 29 janvier 2023 · until 29 janvier 2029

Ended

JOHAN VAN WASSENHOVE

Managing director · since 29 janvier 2023 · until 29 janvier 2029

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/12/2022
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 202538,2 M €↑
07/11/2025
nominationBST Bedrijfsrevisoren BV — Commissaris
07/11/2025
nominationLom Verheyde — Commissaris
07/11/2025
nominationBenoit Steinier — Commissaris
29/04/2025
nominationLuc Hoppenbrouwers — bestuurder
29/04/2025
nominationBart De Laere — bestuurder
29/04/2025
nominationGeert Dhont — bestuurder
21/01/2025
nominationLom Verheyde — vertegenwoordiger van BST Bedrijfsrevisoren BVBA (College van Commissarissen)
2024
Annual accounts 20244,4 M €↓
2023
Annual accounts 20235,4 M €↓
21/03/2023
nominationJohan Van Wassenhove — gedelegeerd bestuurder
29/01/2023
nominationJohan Van Wassenhove — dagelijks bestuur
29/01/2023
nominationJohan Van Wassenhove — bestuurder
29/01/2023
nominationJan van Bergeijk — bestuurder
29/01/2023
nominationCofinco NV — bestuurder
2022
Annual accounts 20226 M €↑
24/06/2022
nominationWim Hendrickx — vaste vertegenwoordiger (College van Commissarissen)
24/06/2022
nominationTony Groessens — vaste vertegenwoordigers (College van Commissarissen)
2021
Annual accounts 20211,5 M €↓
2018
Annual accounts 20185 M €↓
2017
Annual accounts 20177 M €↑
2016
Annual accounts 2016-109,1 k €↓
2015
Annual accounts 20154,4 M €↓
2014
Annual accounts 20145,3 M €↓
2013
Annual accounts 20137,1 M €↓
2012
Annual accounts 20128,5 M €↑
2011
Annual accounts 20116,7 M €↓
2010
Annual accounts 201011,7 M €↑
2009
Annual accounts 20099,4 M €↓
2008
Annual accounts 200810,4 M €↑
2007
Annual accounts 20076,9 M €↑
2006
Annual accounts 20066,5 M €
24/11/1976
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

Denys

Overview

What does Denys do?

Trend over 18 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