ACTIVE

DIAMPEX

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Financial year 2025 · closed on 31/10/2025

Net result

-2 M €

-207.8% YoY

Revenue

12,8 M €

+46.7% YoY

Equity

13,8 M €

-12.5% YoY

Workforce

0,6 ETP

0.0% YoY

What does DIAMPEX do?

DIAMPEX is a Public limited company incorporated in 1983. Its main activity is: Wholesale of watches and jewellery. Its registered office is in Antwerpen. It employs on average 0,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0423.454.587

Incorporation

11/02/1983

Legal form

Public limited company

Registered office

Mezenlaan 4
2610 Antwerpen · FlandreSee on map

Contributed capital

6 165 928,00 €

Latest accounts

31/10/2025

Average workforce

0,6 ETP

Activities (NACE)

46480Wholesale of watches and jewellery· main 46480Wholesale of watches and jewellery 46761Wholesale of other intermediate products 46861Wholesale trade, except of motor vehicles and motorcycles 51474Air transport 51561Air transport

Joint committees (2)

Signals

Solid equityLow riskGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	12,8 M €	+46.7%	8,7 M €	+78.2%	4,9 M €	-56.9%	11,3 M €	+19.9%	9,4 M €	-30.1%	13,5 M €	-64.1%	37,6 M €	-54.6%	82,8 M €	+29.4%	64 M €	-27.4%	88,1 M €	-3.7%	91,6 M €	+4.4%	87,7 M €	+49.3%	58,7 M €	+35.7%	43,3 M €	+109%	20,7 M €	-58.7%	50,1 M €	-41.9%	86,1 M €
EBITDA	-1,9 M €	-201%	1,9 M €	+165%	710,7 k €	+25.7%	565,2 k €	+254%	159,5 k €	+36.6%	116,8 k €	+166%	-177,7 k €	-111%	1,7 M €	+315%	405,1 k €	-65.6%	1,2 M €	+14.9%	1 M €	-13.6%	1,2 M €	-2.1%	1,2 M €	+2140%	54,1 k €	-92.0%	674,2 k €	+3.2%	653,4 k €	-43.3%	1,2 M €
Operating result	-1,9 M €	-202%	1,9 M €	+170%	692,8 k €	+26.5%	547,5 k €	+282%	143,4 k €	+39.9%	102,4 k €	-71.2%	356,2 k €	-67.8%	1,1 M €	+183%	390,6 k €	-66.5%	1,2 M €	+14.9%	1 M €	-21.6%	1,3 M €	+10.6%	1,2 M €	+1811%	61,2 k €	-90.3%	630,3 k €	+4.5%	603,1 k €	-46.0%	1,1 M €
Net result	-2 M €	-208%	1,8 M €	+176%	662,8 k €	+23.7%	535,6 k €	+450%	97,4 k €	+55.6%	62,6 k €	-18.8%	77 k €	+1781%	4,1 k €	-96.7%	124,8 k €	-25.4%	167,2 k €	-5.3%	176,4 k €	+27.9%	137,9 k €	+117%	63,6 k €	-27.1%	87,3 k €	+423%	16,7 k €	-73.6%	63,3 k €	-45.7%	116,5 k €
Balance sheet
Equity	13,8 M €	-12.5%	15,7 M €	+13.1%	13,9 M €	+5.0%	13,2 M €	+4.2%	12,7 M €	-5.6%	13,5 M €	+0.5%	13,4 M €	+0.6%	13,3 M €	+0.0%	13,3 M €	+22.6%	10,9 M €	+1.6%	10,7 M €	+10.2%	9,7 M €	+74.1%	5,6 M €	+1.2%	5,5 M €	+1.6%	5,4 M €	+0.3%	5,4 M €	+1.2%	5,3 M €
Total assets	16,6 M €	-27.1%	22,8 M €	+21.7%	18,7 M €	+20.4%	15,6 M €	-2.6%	16 M €	-21.0%	20,2 M €	-25.0%	27 M €	-14.1%	31,4 M €	+15.2%	27,3 M €	+41.6%	19,3 M €	-40.2%	32,2 M €	-4.0%	33,5 M €	+105%	16,3 M €	-11.9%	18,5 M €	+61.7%	11,5 M €	-35.3%	17,7 M €	+0.3%	17,7 M €
Cash	67 k €	-88.0%	558,6 k €	+77.5%	314,8 k €	-88.6%	2,8 M €	+540%	430,8 k €	-79.3%	2,1 M €	+6.6%	2 M €	+27384%	7,1 k €	+40.3%	5,1 k €	+801%	562,3 €	-85.5%	3,9 k €	+70.2%	2,3 k €	-94.1%	38,5 k €	-52.9%	81,8 k €	-92.3%	1,1 M €	+250%	302,5 k €	+1138%	24,4 k €
Debts	2,9 M €	-59.5%	7,1 M €	+46.5%	4,8 M €	+109%	2,3 M €	-29.2%	3,3 M €	-51.7%	6,8 M €	-50.2%	13,6 M €	-24.8%	18,1 M €	+29.4%	13,9 M €	+67.0%	8,4 M €	-61.0%	21,4 M €	-9.9%	23,8 M €	+123%	10,7 M €	-18.0%	13 M €	+116%	6 M €	-50.9%	12,3 M €	+0.1%	12,3 M €
Other
Workforce	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	-25.0%	0,8 ETP	-11.1%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	-10.0%	1,0 ETP	-44.4%	1,8 ETP	-10.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/10/2023 · 2 active · 14 ended

Active mandates

Miten Shah

Director · since 19 avril 2019 · until 18 avril 2025

Active

Riddhi Shah

Director · since 19 avril 2019 · until 18 avril 2025

Active

Ended mandates

MITEN SHAH

Managing director · since 01 avril 2013 · until 15 juin 2018

Ended

NAMRATA SHAH (PARIKH)

Director · since 01 avril 2013 · until 15 juin 2018

Ended

RIDDHI MITEN SHAH

Director · since 01 avril 2013 · until 15 juin 2018

Ended

MITEN SHAH

Managing director · since 15 décembre 2010 · until 15 juin 2016

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/11/2024	01/11/2023	01/11/2022	01/11/2021	01/11/2020	01/11/2019
Closing of the financial year	31/10/2025	31/10/2024	31/10/2023	31/10/2022	31/10/2021	31/10/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/05/2026	16/05/2025	10/06/2024	31/05/2023	09/06/2022	01/06/2021
General meeting	17/04/2026	18/04/2025	19/04/2024	21/04/2023	12/05/2022	20/05/2021
Currency of the financial year	USD	USD	USD	USD	EUR	USD
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
Abridged model	31/10/2025	17/04/2026	08/05/2026	Dutch	PDF
Full model	31/10/2024	18/04/2025	16/05/2025	Dutch	PDF
Full modelCorrection	31/10/2023	19/04/2024	10/06/2024	Dutch	PDF
Full model	31/10/2023	19/04/2024	27/05/2024	Dutch	PDF
Full model	31/10/2022	21/04/2023	31/05/2023	Dutch	PDF
Full modelCorrection	31/10/2021	12/05/2022	23/11/2023	Dutch	PDF
Full model	31/10/2021	12/05/2022	09/06/2022	Dutch	PDF
Full model	31/10/2020	20/05/2021	01/06/2021	Dutch	PDF
Full model	31/10/2019	17/04/2020	13/05/2020	Dutch	PDF
Full model	31/10/2018	19/04/2019	09/05/2019	Dutch	PDF
Full model	31/10/2017	20/04/2018	15/05/2018	Dutch	PDF
Full model	31/12/2015	30/06/2016	28/07/2016	Dutch	PDF
Full model	31/12/2014	15/06/2015	29/07/2015	Dutch	PDF
Full model	31/12/2013	10/09/2014	26/09/2014	Dutch	PDF
Full model	31/12/2012	15/06/2013	31/07/2013	Dutch	PDF
Full model	31/12/2011	15/06/2012	19/07/2012	Dutch	PDF
Full model	31/12/2010	15/06/2011	27/07/2011	Dutch	PDF
Full model	31/12/2009	15/06/2010	15/07/2010	Dutch	PDF
Full model	31/12/2008	15/06/2009	25/08/2009	Dutch	PDF
Full model	31/12/2007	16/06/2008	28/08/2008	Dutch	PDF
Full model	31/12/2006	15/06/2007	31/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/10/2023 · 2 active · 14 ended

Active mandates

Miten Shah

Director · since 19 avril 2019 · until 18 avril 2025

Active

Riddhi Shah

Director · since 19 avril 2019 · until 18 avril 2025

Active

Ended mandates

MITEN SHAH

Managing director · since 01 avril 2013 · until 15 juin 2018

Ended

NAMRATA SHAH (PARIKH)

Director · since 01 avril 2013 · until 15 juin 2018

Ended

RIDDHI MITEN SHAH

Director · since 01 avril 2013 · until 15 juin 2018

Ended

MITEN SHAH

Managing director · since 15 décembre 2010 · until 15 juin 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other07/08/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other16/01/2017
ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates17/11/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares21/12/2015
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates06/06/2013
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 2025-2 M €↓
2024
Annual accounts 20241,8 M €↑
2023
Annual accounts 2023662,8 k €↑
2022
Annual accounts 2022535,6 k €↑
2021
Annual accounts 202197,4 k €↑
2019
Annual accounts 201962,6 k €↓
2018
Annual accounts 201877 k €↑
2017
Annual accounts 20174,1 k €↓
2015
Annual accounts 2015124,8 k €↓
2014
Annual accounts 2014167,2 k €↓
2013
Annual accounts 2013176,4 k €↑
2012
Annual accounts 2012137,9 k €↑
2011
Annual accounts 201163,6 k €↓
2010
Annual accounts 201087,3 k €↑
2009
Annual accounts 200916,7 k €↓
2008
Annual accounts 200863,3 k €↓
2007
Annual accounts 2007116,5 k €
11/02/1983
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

DIAMPEX

Overview

What does DIAMPEX do?

Trend over 17 financial years

Indicative valuation

Board of directors

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