ACTIVE

DEWULF

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Financial year 2025 · closed on 31/12/2025

Net result

6,4 M €

+70.0% YoY

Revenue

101,6 M €

+12.3% YoY

Equity

26,9 M €

+30.9% YoY

Workforce

194,3 ETP

+16.7% YoY

What does DEWULF do?

DEWULF is a Public limited company incorporated in 1980. Its registered office is in Roeselare. It employs on average 194,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0420.997.222

Incorporation

22/11/1980

Legal form

Public limited company

Registered office

Moorseelsesteenweg 20
8800 Roeselare · FlandreSee on map

Contributed capital

3 169 745,63 €

Latest accounts

31/12/2025

Average workforce

194,3 ETP

Joint committees (5)

111
111105
209
20905
999001

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	101,6 M €	+12.3%	90,5 M €	+23.8%	73,1 M €	+28.1%	57,1 M €	+2.8%	55,5 M €	+1.7%	54,6 M €	+22.6%	44,5 M €	+31.0%	34 M €	-17.4%	41,2 M €	+2.4%	40,2 M €	+6.9%	37,6 M €	-14.4%	44 M €	-0.2%	44,1 M €	+15.8%	38,1 M €	+3.9%	36,6 M €	+63.2%	22,4 M €	-13.5%	25,9 M €	+7.3%	24,2 M €	+28.8%	18,8 M €	+44.5%	13 M €
EBITDA	13,3 M €	+54.3%	8,6 M €	+12.9%	7,6 M €	+83.1%	4,2 M €	-5.6%	4,4 M €	-36.0%	6,9 M €	+346%	1,5 M €	+4690%	32,3 k €	-98.1%	1,7 M €	+17.6%	1,5 M €	-23.8%	1,9 M €	-37.2%	3 M €	-23.7%	4 M €	+2.3%	3,9 M €	+9.8%	3,5 M €	+21.1%	2,9 M €	-12.1%	3,3 M €	+76.6%	1,9 M €	+76.4%	1,1 M €	+8.9%	980,2 k €
Operating result	8,1 M €	+57.9%	5,1 M €	-28.9%	7,2 M €	+203%	2,4 M €	+36.7%	1,7 M €	-62.7%	4,7 M €	+302%	1,2 M €	+219%	-975,7 k €	-299%	490,9 k €	-30.5%	705,9 k €	+147%	286,1 k €	-64.5%	806,1 k €	-56.7%	1,9 M €	+2.9%	1,8 M €	-17.2%	2,2 M €	+64.6%	1,3 M €	-25.1%	1,8 M €	+64.0%	1,1 M €	+88.9%	572,1 k €	+46.1%	391,5 k €
Net result	6,4 M €	+70.0%	3,7 M €	-25.7%	5 M €	+240%	1,5 M €	+43.2%	1 M €	-72.5%	3,8 M €	+761%	436,7 k €	+128%	-1,6 M €	-3084%	-49,6 k €	-113%	373,5 k €	+559%	-81,4 k €	-118%	443,8 k €	-39.5%	733 k €	-13.1%	843,1 k €	-34.0%	1,3 M €	+80.9%	706,7 k €	-1.0%	713,8 k €	+44.1%	495,3 k €	+219%	155,5 k €	-5.0%	163,7 k €
Balance sheet
Equity	26,9 M €	+30.9%	20,6 M €	+22.2%	16,8 M €	+31.5%	12,8 M €	+10.2%	11,6 M €	+9.8%	10,6 M €	+42.5%	7,4 M €	+6.3%	7 M €	-18.4%	8,6 M €	-0.6%	8,6 M €	+4.5%	8,2 M €	-8.7%	9 M €	+5.2%	8,6 M €	+3.4%	8,3 M €	+6.3%	7,8 M €	+16.9%	6,7 M €	+5.6%	6,3 M €	+8.8%	5,8 M €	+9.3%	5,3 M €	+3.0%	5,2 M €
Total assets	85 M €	+26.4%	67,2 M €	+7.6%	62,5 M €	+9.3%	57,1 M €	+11.5%	51,2 M €	+22.3%	41,9 M €	+4.7%	40 M €	+3.6%	38,6 M €	+57.4%	24,5 M €	-15.0%	28,9 M €	+6.3%	27,2 M €	-1.1%	27,4 M €	+8.9%	25,2 M €	+8.2%	23,3 M €	-6.5%	24,9 M €	+31.2%	19 M €	+9.1%	17,4 M €	+7.8%	16,1 M €	+9.1%	14,8 M €	+8.1%	13,7 M €
Cash	3,6 M €	+512%	586,4 k €	-59.2%	1,4 M €	-26.8%	2 M €	+118%	902,5 k €	-82.2%	5,1 M €	+132%	2,2 M €	+49.1%	1,5 M €	+143%	603,7 k €	+8.1%	558,7 k €	-71.8%	2 M €	+102%	980 k €	-59.1%	2,4 M €	+60.3%	1,5 M €	-29.1%	2,1 M €	-11.5%	2,4 M €	+56.0%	1,5 M €	-2.8%	1,6 M €	+1.3%	1,6 M €	+45.6%	1,1 M €
Debts	55,5 M €	+24.9%	44,5 M €	+2.7%	43,3 M €	+1.3%	42,7 M €	+11.7%	38,2 M €	+26.7%	30,2 M €	-4.2%	31,5 M €	+1.8%	30,9 M €	+105%	15,1 M €	-21.5%	19,3 M €	+7.5%	17,9 M €	+4.4%	17,2 M €	+13.5%	15,1 M €	+10.4%	13,7 M €	-16.1%	16,3 M €	+40.4%	11,6 M €	+10.5%	10,5 M €	+5.7%	10 M €	+16.4%	8,5 M €	+5.5%	8,1 M €
Other
Workforce	194,3 ETP	+16.7%	166,5 ETP	+3.1%	161,5 ETP	+0.5%	160,7 ETP	+15.1%	139,6 ETP	+10.7%	126,1 ETP	+2.8%	122,7 ETP	+7.1%	114,6 ETP	+4.7%	109,5 ETP	+3.2%	106,1 ETP	-2.7%	109,0 ETP	+5.1%	103,7 ETP	+6.4%	97,5 ETP	+4.5%	93,3 ETP	+9.5%	85,2 ETP	+14.8%	74,2 ETP	+1.4%	73,2 ETP	+2.7%	71,3 ETP	+0.8%	70,7 ETP	+8.4%	65,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 58 ended

Active mandates

PERUNA

Director · since 01 octobre 2025 · 1007.706.472

Represented by Jan Clarebout

Active

CLAREBOUT

Director · since 28 juin 2023 · until 01 octobre 2025 · 0452.829.157

Represented by Jan Clarebout

Active

DEFINCO

Managing director · since 28 juin 2023 · 0838.254.303

Represented by Hendrik Decramer

Active

Gilles Clarebout

Director · since 28 juin 2023

Active

SOLID

Director · since 28 juin 2023 · 0898.218.812

Represented by Thomas Decan

Active

Ended mandates

CLAREBOUT

Director · since 28 mars 2019 · 0452.829.157

Represented by Jan Clarebout

Ended

CLAREBOUT

Director · since 28 mars 2019 · 0452.829.157

Represented by Jan Clarebout

Ended

DEFINCO

Managing director · since 28 mars 2019 · 0838.254.303

Represented by Hendrik Decramer

Ended

Gilles Clarebout

Director · since 28 mars 2019

Ended

At this address

Other companies at this address

Company	CBE no.
DEFINCO● Active	0838.254.303
DEWULF BELGIË● Active	0563.862.582
Dewulf Invest● Active	0723.747.979

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	22/06/2026	19/06/2025	28/06/2024	15/06/2023	18/07/2022	28/06/2021
General meeting	04/06/2026	05/06/2025	06/06/2024	01/06/2023	02/06/2022	03/06/2021
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	04/06/2026	22/06/2026	Dutch	PDF
Full model	31/12/2024	05/06/2025	19/06/2025	Dutch	PDF
Full model	31/12/2023	06/06/2024	28/06/2024	Dutch	PDF
Full model	31/12/2022	01/06/2023	15/06/2023	Dutch	PDF
Full model	31/12/2021	02/06/2022	18/07/2022	Dutch	PDF
Full model	31/12/2020	03/06/2021	28/06/2021	Dutch	PDF
Full model	31/12/2019	04/06/2020	22/06/2020	Dutch	PDF
Full model	31/12/2018	06/06/2019	19/06/2019	Dutch	PDF
Full model	31/12/2017	07/06/2018	05/07/2018	Dutch	PDF
Full model	31/12/2016	01/06/2017	19/06/2017	Dutch	PDF
Full model	31/12/2015	02/06/2016	27/06/2016	Dutch	PDF
Full model	31/12/2014	04/06/2015	26/06/2015	Dutch	PDF
Full model	31/12/2013	05/06/2014	18/06/2014	Dutch	PDF
Full model	31/12/2012	06/06/2013	25/06/2013	Dutch	PDF
Full model	31/12/2011	07/06/2012	26/06/2012	Dutch	PDF
Full model	31/12/2010	02/06/2011	25/07/2011	Dutch	PDF
Full model	31/12/2009	03/06/2010	28/07/2010	Dutch	PDF
Full model	31/12/2008	04/06/2009	02/07/2009	Dutch	PDF
Full model	31/12/2007	05/06/2008	05/08/2008	Dutch	PDF
Full model	31/12/2006	07/06/2007	06/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 5 active · 58 ended

Active mandates

PERUNA

Director · since 01 octobre 2025 · 1007.706.472

Represented by Jan Clarebout

Active

CLAREBOUT

Director · since 28 juin 2023 · until 01 octobre 2025 · 0452.829.157

Represented by Jan Clarebout

Active

DEFINCO

Managing director · since 28 juin 2023 · 0838.254.303

Represented by Hendrik Decramer

Active

Gilles Clarebout

Director · since 28 juin 2023

Active

SOLID

Director · since 28 juin 2023 · 0898.218.812

Represented by Thomas Decan

Active

Ended mandates

CLAREBOUT

Director · since 28 mars 2019 · 0452.829.157

Represented by Jan Clarebout

Ended

CLAREBOUT

Director · since 28 mars 2019 · 0452.829.157

Represented by Jan Clarebout

Ended

DEFINCO

Managing director · since 28 mars 2019 · 0838.254.303

Represented by Hendrik Decramer

Ended

Gilles Clarebout

Director · since 28 mars 2019

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other18/08/2026
DIVERSEN
PDF
Mandates09/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2023
DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/07/2018
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 20256,4 M €↑
04/12/2025
nominationSven Vansteelant — vaste vertegenwoordiger van de commissaris
01/10/2025
nominationNV PERUNA — niet-statutaire bestuurder
01/10/2025
nominationJan Clarebout — vaste vertegenwoordiger van de rechtspersoon NV PERUNA
2024
Annual accounts 20243,7 M €↓
2023
Annual accounts 20235 M €↑
12/12/2023
reconductionStephanie Libbrecht — commissaris
28/06/2023
reconductionDEFINCO — bestuurder
28/06/2023
reconductionCOMTI — bestuurder
28/06/2023
reconductionCLAREBOUT — bestuurder
28/06/2023
reconductionClarebout Gilles — bestuurder
2022
Annual accounts 20221,5 M €↑
2021
Annual accounts 20211 M €↓
2020
Annual accounts 20203,8 M €↑
2019
Annual accounts 2019436,7 k €↑
2018
Annual accounts 2018-1,6 M €↓
2017
Annual accounts 2017-49,6 k €↓
2016
Annual accounts 2016373,5 k €↑
2015
Annual accounts 2015-81,4 k €↓
2014
Annual accounts 2014443,8 k €↓
2013
Annual accounts 2013733 k €↓
2012
Annual accounts 2012843,1 k €↓
2011
Annual accounts 20111,3 M €↑
2010
Annual accounts 2010706,7 k €↓
2010
Name changeDewulf
2009
Annual accounts 2009713,8 k €↑
2008
Annual accounts 2008495,3 k €↑
2007
Annual accounts 2007155,5 k €↓
2006
Annual accounts 2006163,7 k €
2006
Name changeConstructiewerkhuizen Robert Dewulf
22/11/1980
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

DEWULF

Overview

What does DEWULF 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