ACTIVE

GRUBAU

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Financial year 2025 · closed on 31/12/2025

Net result

120,3 k €

+622.2% YoY

Gross margin

986,7 k €

+27.2% YoY

Equity

967,6 k €

+7.8% YoY

Workforce

6,9 ETP

+1.5% YoY

What does GRUBAU do?

GRUBAU is a Private limited company incorporated in 1980. Its main activity is: Wholesale of machine tools. Its registered office is in Kortrijk. It employs on average 6,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0420.959.313

Incorporation

06/11/1980

Legal form

Private limited company

Registered office

Decauvillestraat(Mar) 24
8510 Kortrijk · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Average workforce

6,9 ETP

Activities (NACE)

46620Wholesale of machine tools· main 46620Wholesale of machine tools 46649Wholesale of machinery for the textile industry and of sewing and knitting machines 46699Wholesale of other machinery and equipment 51810Air transport 51872Air transport

Joint committees (3)

14904
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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
Gross margin	986,7 k €	+27.2%	775,9 k €	-4.9%	816 k €	-16.6%	978,6 k €	+2.8%	951,6 k €	+19.9%	794 k €	+1.6%	781,2 k €	+15.6%	675,8 k €	+7.8%	626,7 k €	-20.0%	783,5 k €	-2.5%	803,4 k €	-7.1%	864,9 k €	+117%	397,9 k €	-58.3%	954 k €	-6.0%	1 M €	-5.4%	1,1 M €	+0.3%	1,1 M €	-8.0%	1,2 M €	+8.2%	1,1 M €	+4.8%	1 M €
EBITDA	363,4 k €	+152%	144,1 k €	-6.1%	153,4 k €	-57.2%	358,6 k €	-6.6%	384 k €	+28.2%	299,5 k €	+77.4%	168,8 k €	+113%	79,3 k €	+15.4%	68,7 k €	-63.1%	186,4 k €	+33.0%	140,1 k €	+96.3%	71,4 k €	+159%	-122 k €	-218%	103,8 k €	+55.8%	66,6 k €	-31.4%	97,1 k €	-40.2%	162,3 k €	-55.1%	361,1 k €	+7.1%	337,1 k €	-8.6%	368,9 k €
Operating result	172,9 k €	+804%	19,1 k €	-62.3%	50,7 k €	-80.5%	260,5 k €	-17.5%	315,9 k €	+29.8%	243,3 k €	+141%	101 k €	+311%	24,6 k €	+57.9%	15,6 k €	-87.9%	128,5 k €	+65.5%	77,6 k €	+8779%	-894,6 €	+99.5%	-193,3 k €	-1794%	11,4 k €	+120%	-57,6 k €	-349%	-12,8 k €	-120%	65,8 k €	-70.5%	222,9 k €	+24.7%	178,8 k €	-25.5%	240 k €
Net result	120,3 k €	+622%	-23 k €	-265%	13,9 k €	-94.4%	249 k €	-20.2%	312 k €	+56.0%	199,9 k €	+121%	90,5 k €	+1446%	5,9 k €	+412%	1,1 k €	-99.1%	132,9 k €	+113%	62,4 k €	+1414%	4,1 k €	+102%	-205,6 k €	-9786%	2,1 k €	+105%	-43,7 k €	-16.0%	-37,7 k €	-233%	28,3 k €	-76.0%	117,9 k €	+11.7%	105,5 k €	-22.2%	135,6 k €
Balance sheet
Equity	967,6 k €	+7.8%	897,2 k €	-2.5%	920,4 k €	+1.5%	906,7 k €	+12.2%	807,9 k €	+0.7%	802,1 k €	+7.3%	747,2 k €	-9.6%	826,9 k €	+0.1%	826,2 k €	+0.1%	825 k €	+19.2%	692,3 k €	+9.9%	630 k €	+0.6%	626,1 k €	-24.7%	831,8 k €	+0.2%	829,8 k €	-5.0%	873,7 k €	-4.2%	911,5 k €	+3.2%	883,3 k €	+15.4%	765,6 k €	+16.0%	660,2 k €
Total assets	2,5 M €	+0.0%	2,5 M €	+0.8%	2,5 M €	-8.3%	2,7 M €	+37.2%	2 M €	+12.9%	1,8 M €	+12.1%	1,6 M €	+8.6%	1,5 M €	-6.0%	1,5 M €	+6.6%	1,4 M €	-15.8%	1,7 M €	+6.2%	1,6 M €	+2.1%	1,6 M €	-17.9%	1,9 M €	-11.0%	2,2 M €	-3.3%	2,2 M €	-1.4%	2,3 M €	-5.7%	2,4 M €	+0.7%	2,4 M €	-0.9%	2,4 M €
Cash	171,3 k €	+0.8%	169,9 k €	-4.6%	178,1 k €	-58.7%	431,6 k €	+178%	155,3 k €	-34.0%	235,5 k €	+26.1%	186,8 k €	+37.2%	136,2 k €	-14.5%	159,4 k €	+29.2%	123,3 k €	-29.6%	175,1 k €	+58.4%	110,6 k €	-2.3%	113,2 k €	+10.3%	102,6 k €	-35.0%	157,8 k €	-24.9%	210 k €	+13.9%	184,4 k €	+57.2%	117,3 k €	+16.1%	101,1 k €	-55.4%	226,6 k €
Debts	1,6 M €	-4.1%	1,6 M €	+2.9%	1,6 M €	-13.5%	1,8 M €	+54.0%	1,2 M €	+23.0%	964,7 k €	+16.5%	828,1 k €	+32.8%	623,6 k €	-13.0%	716,5 k €	+15.3%	621,5 k €	-39.4%	1 M €	+3.8%	987,3 k €	+3.1%	957,4 k €	+27.2%	752,8 k €	-24.2%	992,8 k €	-5.1%	1 M €	-1.2%	1,1 M €	-14.9%	1,2 M €	-7.0%	1,3 M €	-10.3%	1,5 M €
Other
Workforce	6,9 ETP	+1.5%	6,8 ETP	+4.6%	6,5 ETP	-12.2%	7,4 ETP	-1.3%	7,5 ETP	+1.4%	7,4 ETP	0.0%	7,4 ETP	-20.4%	9,3 ETP	+17.7%	7,9 ETP	-6.0%	8,4 ETP	-16.0%	10,0 ETP	-15.3%	11,8 ETP	-10.6%	13,2 ETP	+0.8%	13,1 ETP	-12.7%	15,0 ETP	+4.2%	14,4 ETP	-5.9%	15,3 ETP	+15.0%	13,3 ETP	+3.1%	12,9 ETP	+9.3%	11,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 7 ended

Active mandates

Johan Rigole

Director

Active

Martine Margodt

Director

Active

R-HOLD

Director · 0667.814.613

Represented by David Rigole

Active

Ended mandates

Martine Margodt

Director · since 01 janvier 2018

Ended

Martine Margodt

Manager · since 01 janvier 2018

Ended

R-HOLD

Director · since 01 janvier 2017 · 0667.814.613

Represented by David Rigole

Ended

R-HOLD

Manager · since 01 janvier 2017 · 0667.814.613

Represented by David Rigole

Ended

At this address

Other companies at this address

Company	CBE no.
R-HOLD● Active	0667.814.613

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	01/01/2025	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	16/07/2026	29/08/2025	30/08/2024	31/08/2023	30/05/2022	30/08/2021
General meeting	13/07/2026	26/08/2025	30/08/2024	31/08/2023	29/04/2022	30/08/2021
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
Abridged model	31/12/2025	13/07/2026	16/07/2026	Dutch	PDF
Abridged model	31/12/2024	26/08/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	30/08/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	31/08/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	29/04/2022	30/05/2022	Dutch	PDF
Abridged model	31/12/2020	30/08/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	31/08/2020	18/09/2020	Dutch	PDF
Abridged model	31/12/2018	04/06/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	26/06/2018	10/07/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	16/08/2017	Dutch	PDF
Abridged model	31/12/2015	07/06/2016	21/06/2016	Dutch	PDF
Abridged model	31/12/2014	04/05/2015	18/05/2015	Dutch	PDF
Abridged model	31/12/2013	03/06/2014	10/06/2014	Dutch	PDF
Abridged model	31/12/2012	04/06/2013	24/06/2013	Dutch	PDF
Abridged model	31/12/2011	05/06/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	07/06/2011	15/06/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	30/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	19/06/2009	Dutch	PDF
Abridged model	31/12/2007	03/06/2008	17/06/2008	Dutch	PDF
Abridged model	31/12/2006	05/06/2007	08/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 7 ended

Active mandates

Johan Rigole

Director

Active

Martine Margodt

Director

Active

R-HOLD

Director · 0667.814.613

Represented by David Rigole

Active

Ended mandates

Martine Margodt

Director · since 01 janvier 2018

Ended

Martine Margodt

Manager · since 01 janvier 2018

Ended

R-HOLD

Director · since 01 janvier 2017 · 0667.814.613

Represented by David Rigole

Ended

R-HOLD

Manager · since 01 janvier 2017 · 0667.814.613

Represented by David Rigole

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/10/2014
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring22/07/2005
BENAMING - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring20/05/2005
DIVERSEN - 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 2025120,3 k €↑
2024
Annual accounts 2024-23 k €↓
2023
Annual accounts 202313,9 k €↓
2022
Annual accounts 2022249 k €↓
2021
Annual accounts 2021312 k €↑
2020
Annual accounts 2020199,9 k €↑
2019
Annual accounts 201990,5 k €↑
2018
Annual accounts 20185,9 k €↑
2017
Annual accounts 20171,1 k €↓
2016
Annual accounts 2016132,9 k €↑
2015
Annual accounts 201562,4 k €↑
2014
Annual accounts 20144,1 k €↑
2013
Annual accounts 2013-205,6 k €↓
2012
Annual accounts 20122,1 k €↑
2011
Annual accounts 2011-43,7 k €↓
2010
Annual accounts 2010-37,7 k €↓
2009
Annual accounts 200928,3 k €↓
2008
Annual accounts 2008117,9 k €↑
2007
Annual accounts 2007105,5 k €↓
2006
Annual accounts 2006135,6 k €
06/11/1980
IncorporationPrivate 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

GRUBAU

Overview

What does GRUBAU do?

Trend over 20 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