ACTIVE

Lotus Bakeries België

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Financial year 2025 · Closed on 31/12/2025

Net result20,5 M €+20,7 %over 1 year
Revenue421,6 M €+3,9 %over 1 year
Equity141,8 M €+1,4 %over 1 year
Workforce991,7 ETP+7,8 %over 1 year

Identity

Source · BCE/KBO

Lotus Bakeries België is a Public limited company incorporated in 1981. Its main activity is: Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes. Its registered office is in Kaprijke. It employs on average 991,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0421.694.038
Incorporation
18/06/1981
Legal form
Public limited company
Registered office
Gentstraat 52
9971 Kaprijke · FlandreSee on map
Contributed capital
22 902 484,00 €
Latest accounts
31/12/2025
Average workforce
991,7 ETP
Joint committees (2)
  • 118
  • 220
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 23 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue421,6 M €405,7 M €358,4 M €291,9 M €284,5 M €
EBITDA42,3 M €35,4 M €37,4 M €32,1 M €30,5 M €
Operating result24,3 M €18,2 M €22,7 M €22,1 M €21,7 M €
Net result20,5 M €16,9 M €19,1 M €17,4 M €19,6 M €
Balance sheet
Equity141,8 M €139,8 M €122,9 M €103,8 M €86,4 M €
Total assets254,3 M €207,9 M €196 M €193,1 M €168,8 M €
Cash67,5 M €49,2 M €32,2 M €25,2 M €42,5 M €
Debts112,4 M €67,9 M €73,1 M €89,2 M €82,3 M €
Other
Workforce991,7 ETP920,3 ETP852,3 ETP797,1 ETP690,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 32 ended

Active mandates

Saskia De Paepe

Managing director · since 01 octobre 2024 · until 03 mai 2030

Active
Pieter Grymonpré

Director · since 05 mai 2023 · until 04 mai 2029

Active
Ignace Heyman

Chairman of the board of directors · since 04 mai 2020 · until 04 mai 2026

Active

Ended mandates

CUMACO

Director · since 03 septembre 2021 · until 05 mai 2023 · 0534.458.518

Represented by Mike Cuvelier

Ended
CUMACO

Director · since 03 septembre 2021 · until 07 mai 2026 · 0534.458.518

Ended
Ignace Heyman

Director · since 04 mai 2020 · until 07 mai 2026

Ended
Isabelle Maes

Director · since 04 mai 2020 · until 05 mai 2023

Ended

Other companies at this address

Gentstraat 52 9971 Kaprijke
CompanyCBE no.
Cake● Active
0890.849.483
CREMERS - RIBERT● Active
0427.808.008

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date18/05/202626/05/202530/05/202422/05/202301/06/202201/06/2022
General meeting04/05/202602/05/202503/05/202405/05/202327/05/202227/05/2022
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, 23 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202504/05/202618/05/2026DutchPDF
Full model31/12/202402/05/202526/05/2025DutchPDF
Full model31/12/202303/05/202430/05/2024DutchPDF
Full model31/12/202205/05/202322/05/2023DutchPDF
Full model31/12/202127/05/202201/06/2022DutchPDF
Full modelCorrection31/12/202027/05/202201/06/2022DutchPDF
Full model31/12/202007/05/202126/05/2021DutchPDF
Full model31/12/201904/05/202015/05/2020DutchPDF
Full model31/12/201803/05/201913/05/2019DutchPDF
Full model31/12/201704/05/201828/05/2018DutchPDF
Full model31/12/201605/05/201719/05/2017DutchPDF
Full modelCorrection31/12/201506/05/201617/06/2016DutchPDF
Full model31/12/201506/05/201620/05/2016DutchPDF
Full model31/12/201404/05/201519/05/2015DutchPDF
Full model31/12/201302/05/201419/05/2014DutchPDF
Full model31/12/201203/05/201329/05/2013DutchPDF
Full modelCorrection31/12/201104/05/201228/12/2012DutchPDF
Full model31/12/201104/05/201231/07/2012DutchPDF
Full model31/12/201006/05/201120/05/2011DutchPDF
Full model31/12/200926/04/201017/05/2010DutchPDF
Full model31/12/200816/04/200912/05/2009DutchPDF
Full model31/12/200721/04/200820/05/2008DutchPDF
Full model31/12/200624/04/200730/04/2007DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 32 ended

Active mandates

Saskia De Paepe

Managing director · since 01 octobre 2024 · until 03 mai 2030

Active
Pieter Grymonpré

Director · since 05 mai 2023 · until 04 mai 2029

Active
Ignace Heyman

Chairman of the board of directors · since 04 mai 2020 · until 04 mai 2026

Active

Ended mandates

CUMACO

Director · since 03 septembre 2021 · until 05 mai 2023 · 0534.458.518

Represented by Mike Cuvelier

Ended
CUMACO

Director · since 03 septembre 2021 · until 07 mai 2026 · 0534.458.518

Ended
Ignace Heyman

Director · since 04 mai 2020 · until 07 mai 2026

Ended
Isabelle Maes

Director · since 04 mai 2020 · until 05 mai 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates25/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/06/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/01/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares03/01/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates27/09/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares08/09/2021
    KAPITAAL - AANDELEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 05/05/2026
    nominationMaes Jeroen — bestuurder
  2. 05/05/2026
    reconductionHeyman Ignace — bestuurder
  3. 2025
    Annual accounts 202520,5 M €↑
  4. 02/05/2025
    nominationDeloitte Bedrijfsrevisoren — commissaris
  5. 2024
    Annual accounts 202416,9 M €↓
  6. 01/10/2024
    nominationSaskia De Paepe — bestuurder
  7. 2023
    Annual accounts 202319,1 M €↑
  8. 05/05/2023
    nominationJohn Van de Par — Gedelegeerd Bestuurder
  9. 05/05/2023
    nominationIgnace Heyman — Voorzitter van de raad van bestuur
  10. 05/05/2023
    nominationPieter Grymonpré — bestuurder
  11. 2022
    Annual accounts 202217,4 M €↓
  12. 27/05/2022
    reconductionPwC Bedrijfsrevisoren BV — commissaris
  13. 2021
    Annual accounts 202119,6 M €↑
  14. 2020
    Annual accounts 202017,3 M €↑
  15. 2019
    Annual accounts 201913,4 M €↓
  16. 2018
    Annual accounts 201813,4 M €↑
  17. 2017
    Annual accounts 20174,2 M €↓
  18. 2016
    Annual accounts 201613,2 M €↑
  19. 2015
    Annual accounts 201510,4 M €↑
  20. 2014
    Annual accounts 20148 M €↑
  21. 2013
    Annual accounts 20137,9 M €↑
  22. 2011
    Annual accounts 2011274,9 k €↑
  23. 2010
    Annual accounts 2010102,8 k €↑
  24. 2009
    Annual accounts 200996,8 k €↓
  25. 2008
    Annual accounts 2008119,8 k €↓
  26. 2007
    Annual accounts 2007126,8 k €↑
  27. 2006
    Annual accounts 2006126,8 k €
  28. 18/06/1981
    IncorporationPublic limited company