ACTIVE

Quivadec

Financial year 2025 · Closed on 31/12/2025

Net result378,5 k €-20,9 %over 1 year
Gross margin3,4 M €+1,2 %over 1 year
Equity2,7 M €+5,1 %over 1 year
Workforce58,6 ETP+11,2 %over 1 year

Identity

Source · BCE/KBO

Quivadec is a Public limited company incorporated in 1978. Its main activity is: Manufacture of bread; manufacture of fresh pastry goods and cakes. Its registered office is in Forest. It employs on average 58,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0418.765.133
Incorporation
21/09/1978
Legal form
Public limited company
Registered office
Boulevard de l'Humanité 415
1190 Forest · BruxellesSee on map
Contributed capital
148 736,11 €
Latest accounts
31/12/2025
Average workforce
58,6 ETP
Joint committees (4)
  • 118
  • 119
  • 201
  • 302
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 18 financial years

20252024202320222021
Income statement
Gross margin3,4 M €3,3 M €–2,8 M €3,2 M €
EBITDA721,3 k €765,5 k €796,4 k €508,2 k €937,6 k €
Operating result536,5 k €603,3 k €606,1 k €400,1 k €774,9 k €
Net result378,5 k €478,7 k €472,6 k €123,2 k €652,4 k €
Balance sheet
Equity2,7 M €2,5 M €2,3 M €2,1 M €2,1 M €
Total assets4,4 M €3,9 M €3,8 M €3,6 M €3,5 M €
Cash450,2 k €762 k €922,5 k €802,1 k €901,9 k €
Debts1,7 M €1,4 M €1,5 M €1,6 M €1,4 M €
Other
Workforce58,6 ETP52,7 ETP44,5 ETP49,0 ETP58,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 25 ended

Active mandates

LES PAINS DE LOUIS

Managing director · since 24 juin 2020 · until 21 mai 2026 · 0542.852.283

Represented by Lionel CORNELIS

Active
Marie-Madeleine Quinaux

Director · since 24 juin 2020 · until 21 mai 2026

Active
Vanessa Cornelis

Director · since 24 juin 2020 · until 21 mai 2026

Active

Ended mandates

LES PAINS DE LOUIS

Managing director · since 24 juin 2020 · until 21 mai 2026 · 0542.852.283

Represented by Cornélis LIONEL

Ended
LES PAINS DE LOUIS

Managing director · since 01 janvier 2016 · until 21 mai 2020 · 0542.852.283

Represented by Lionel Cornelis

Ended
LES PAINS DE LOUIS

Managing director · since 01 janvier 2016 · until 21 mai 2020 · 0542.852.283

Represented by Lionel Cornelis

Ended
LES PAINS DE LOUIS

Managing director · since 01 janvier 2016 · until 21 mai 2026 · 0542.852.283

Represented by Lionel Cornelis

Ended

Other companies at this address

Boulevard de l'Humanité 415 1190 Forest
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1016.247.818
0400.397.588
COVERIT● Active
0735.615.831
DINAM V● Active
0471.536.103
0426.239.279
0400.395.511
0542.852.283
0474.235.572
Protec Belgium● Active
0408.121.857
0418.020.213

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelFull modelAbridged modelAbridged modelAbridged 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 date15/05/202629/07/202527/08/202419/07/202308/07/202230/06/2021
General meeting11/05/202627/06/202527/08/202417/07/202307/07/202208/06/2021
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, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202511/05/202615/05/2026FrenchPDF
Abridged model31/12/202427/06/202529/07/2025FrenchPDF
Full model31/12/202327/08/202427/08/2024FrenchPDF
Abridged model31/12/202217/07/202319/07/2023FrenchPDF
Abridged model31/12/202107/07/202208/07/2022FrenchPDF
Abridged model31/12/202008/06/202130/06/2021FrenchPDF
Abridged model31/12/201924/06/202030/06/2020FrenchPDF
Abridged model31/12/201826/07/201928/08/2019FrenchPDF
Abridged model31/12/201724/08/201829/08/2018FrenchPDF
Abridged model31/12/201618/05/201730/10/2017FrenchPDF
Micro model31/12/201618/05/201724/08/2017FrenchPDF
Abridged model31/12/201520/12/201620/04/2017FrenchPDF
Abridged model31/12/201421/05/201531/08/2015FrenchPDF
Abridged model31/12/201315/05/201412/08/2014FrenchPDF
Abridged model31/12/201216/05/201329/08/2013FrenchPDF
Abridged model31/12/201117/05/201202/07/2012FrenchPDF
Abridged model31/12/201027/05/201124/06/2011FrenchPDF
Abridged model31/12/200928/05/201001/07/2010FrenchPDF
Abridged model31/12/200829/05/200930/06/2009FrenchPDF
Abridged model31/12/200730/05/200820/06/2008FrenchPDF
Abridged model31/12/200625/05/200705/06/2007FrenchPDF

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.

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

3 active · 25 ended

Active mandates

LES PAINS DE LOUIS

Managing director · since 24 juin 2020 · until 21 mai 2026 · 0542.852.283

Represented by Lionel CORNELIS

Active
Marie-Madeleine Quinaux

Director · since 24 juin 2020 · until 21 mai 2026

Active
Vanessa Cornelis

Director · since 24 juin 2020 · until 21 mai 2026

Active

Ended mandates

LES PAINS DE LOUIS

Managing director · since 24 juin 2020 · until 21 mai 2026 · 0542.852.283

Represented by Cornélis LIONEL

Ended
LES PAINS DE LOUIS

Managing director · since 01 janvier 2016 · until 21 mai 2020 · 0542.852.283

Represented by Lionel Cornelis

Ended
LES PAINS DE LOUIS

Managing director · since 01 janvier 2016 · until 21 mai 2020 · 0542.852.283

Represented by Lionel Cornelis

Ended
LES PAINS DE LOUIS

Managing director · since 01 janvier 2016 · until 21 mai 2026 · 0542.852.283

Represented by Lionel Cornelis

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates08/09/2026
    démission - nominations - renouvellement des mandats
    PDF
  • Other31/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other14/02/2022
    DIVERS
    PDF
  • Capital / shares10/03/2021
    CAPITAL, ACTIONS
    PDF
  • Mandates03/03/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/11/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/09/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/03/2016
    DEMISSIONS, NOMINATIONS
    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 2025378,5 k €↓
  2. 2024
    Annual accounts 2024478,7 k €↑
  3. 2023
    Annual accounts 2023472,6 k €↑
  4. 2022
    Annual accounts 2022123,2 k €↓
  5. 2021
    Annual accounts 2021652,4 k €↑
  6. 2019
    Annual accounts 2019362,3 k €↑
  7. 2018
    Annual accounts 2018346,6 k €↑
  8. 2017
    Annual accounts 2017246,2 k €↓
  9. 2016
    Annual accounts 2016466,1 k €↑
  10. 2014
    Annual accounts 2014212,9 k €↑
  11. 2013
    Annual accounts 2013161,1 k €↓
  12. 2012
    Annual accounts 2012192,6 k €↓
  13. 2011
    Annual accounts 2011205,1 k €↑
  14. 2010
    Annual accounts 201046 k €↓
  15. 2009
    Annual accounts 2009117,2 k €↓
  16. 2008
    Annual accounts 2008147,2 k €↑
  17. 2007
    Annual accounts 200766,6 k €↓
  18. 2006
    Annual accounts 200672,9 k €
  19. 21/09/1978
    IncorporationPublic limited company