ACTIVE

Exolon Group

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Financial year 2024 · closed on 31/12/2024

Net result

155,3 k €

+105.7% YoY

Revenue

80,6 M €

-2.3% YoY

Equity

8,3 M €

+1.9% YoY

Workforce

144,4 ETP

-5.4% YoY

What does Exolon Group do?

Exolon Group is a Public limited company incorporated in 1983. Its main activity is: Manufacture of plastic plates, sheets, tubes and profiles. Its registered office is in Tielt. It employs on average 144,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.026.680

Incorporation

13/12/1983

Legal form

Public limited company

Registered office

Wakkensesteenweg 47
8700 Tielt · FlandreSee on map

Contributed capital

5 000 000,00 €

Latest accounts

31/12/2024

Average workforce

144,4 ETP

Activities (NACE)

22210Manufacture of plastic plates, sheets, tubes and profiles· main 22210Manufacture of plastic plates, sheets, tubes and profiles 25210Manufacture of central heating radiators and boilers

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	80,6 M €	-2.3%	82,5 M €	-9.0%	90,7 M €	+1.1%	89,7 M €	-16.0%	106,8 M €	+52.6%	69,9 M €	-2.7%	71,9 M €	+5.3%	68,3 M €	+5.9%	64,5 M €	-3.1%	66,5 M €	-14.1%	77,5 M €	+5.5%	73,4 M €	-1.7%	74,7 M €	-6.9%	80,2 M €	+10.6%	72,5 M €	+22.2%	59,3 M €	-24.8%	78,9 M €	-3.4%	81,7 M €
EBITDA	3,4 M €	+290%	872 k €	-75.1%	3,5 M €	-64.8%	10 M €	-29.3%	14,1 M €	+275%	3,8 M €	+1.5%	3,7 M €	-19.3%	4,6 M €	-3.6%	4,8 M €	+10.0%	4,3 M €	+41.0%	3,1 M €	+121%	1,4 M €	-70.5%	4,7 M €	+277%	1,2 M €	+1782%	-73,9 k €	-104%	1,9 M €	-73.5%	7,1 M €	-18.2%	8,6 M €
Operating result	1,4 M €	+311%	-683,3 k €	-133%	2,1 M €	-75.4%	8,5 M €	-34.0%	12,8 M €	+398%	2,6 M €	+3.1%	2,5 M €	-27.2%	3,4 M €	-6.0%	3,7 M €	+2.8%	3,6 M €	+98.0%	1,8 M €	+705%	-296,5 k €	-111%	2,8 M €	+782%	-412,2 k €	+82.1%	-2,3 M €	-1883%	-116,2 k €	-102%	5,8 M €	-22.2%	7,4 M €
Net result	155,3 k €	+106%	-2,7 M €	-429%	824,2 k €	-85.8%	5,8 M €	-35.2%	9 M €	+427%	1,7 M €	-8.1%	1,8 M €	-28.3%	2,6 M €	+7.6%	2,4 M €	-26.1%	3,2 M €	+22.0%	2,7 M €	+473%	-713,1 k €	-128%	2,6 M €	+514%	-622,5 k €	+76.3%	-2,6 M €	-4044%	-63,4 k €	-101%	4,4 M €	-13.9%	5,1 M €
Balance sheet
Equity	8,3 M €	+1.9%	8,2 M €	-24.9%	10,9 M €	+7.7%	10,1 M €	+19.4%	8,5 M €	-12.4%	9,7 M €	-26.9%	13,2 M €	-63.7%	36,4 M €	+7.6%	33,8 M €	+7.6%	31,4 M €	+11.5%	28,1 M €	+10.4%	25,5 M €	-2.7%	26,2 M €	+10.9%	23,6 M €	-2.6%	24,2 M €	-9.8%	26,9 M €	-0.2%	26,9 M €	+19.6%	22,5 M €
Total assets	30,8 M €	-5.7%	32,7 M €	-4.3%	34,2 M €	-11.0%	38,4 M €	-4.5%	40,2 M €	+180%	14,3 M €	-33.2%	21,5 M €	-54.0%	46,6 M €	+10.6%	42,2 M €	-1.7%	42,9 M €	+3.7%	41,4 M €	+8.4%	38,2 M €	-3.5%	39,6 M €	+9.5%	36,2 M €	-28.8%	50,8 M €	+26.5%	40,1 M €	-12.8%	46 M €	+12.1%	41,1 M €
Cash	886 k €	+37.5%	644,3 k €	-11.3%	726,7 k €	-58.9%	1,8 M €	-79.6%	8,6 M €	+63861%	13,5 k €		–		–		–		–		–		–		1,6 k €	-100.0%	4,6 M €	-47.3%	8,7 M €	+100%	4,4 M €	-77.8%	19,6 M €	+75.6%	11,2 M €
Debts	22,2 M €	-8.1%	24,1 M €	+6.0%	22,8 M €	-17.5%	27,6 M €	-11.2%	31,1 M €	+635%	4,2 M €	-45.8%	7,8 M €	-20.0%	9,8 M €	+24.1%	7,9 M €	-28.3%	11 M €	-12.7%	12,5 M €	+2.3%	12,3 M €	-5.3%	12,9 M €	+6.5%	12,2 M €	-53.0%	25,9 M €	+102%	12,8 M €	-32.1%	18,9 M €	+4.2%	18,1 M €
Other
Workforce	144,4 ETP	-5.4%	152,7 ETP	-6.6%	163,5 ETP	-1.5%	166,0 ETP	+7.2%	154,9 ETP	+2.1%	151,7 ETP	+5.0%	144,5 ETP	+3.6%	139,5 ETP	+2.7%	135,8 ETP	-2.4%	139,2 ETP	+2.1%	136,3 ETP	+0.8%	135,2 ETP	-1.0%	136,5 ETP	+3.8%	131,5 ETP	+10.4%	119,1 ETP	-0.3%	119,4 ETP	-2.4%	122,3 ETP	+2.3%	119,6 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 31/12/2024 · 2 active · 21 ended

Active mandates

Gertjan Joseph Venema

Managing director · since 04 juin 2021 · until 04 juin 2027

Active

Jens Norbert Becker

Director · since 02 janvier 2020 · until 31 décembre 2025

Active

Ended mandates

Gertjan Joseph Venema

Managing director · since 11 août 2015 · until 07 juin 2021

Ended

Volker Weintritt

Director · since 11 août 2015 · until 01 janvier 2020

Ended

Volker Weintritt

Director · since 11 août 2015 · until 07 juin 2021

Ended

Axel Dr. Steiger-Bagel

Director · since 21 novembre 2014 · until 11 août 2015

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/06/2025	03/07/2024	05/07/2023	13/06/2022	21/06/2021	26/06/2020
General meeting	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021	05/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	06/06/2025	18/06/2025	Dutch	PDF
Full model	31/12/2023	07/06/2024	03/07/2024	Dutch	PDF
Full model	31/12/2022	02/06/2023	05/07/2023	Dutch	PDF
Full model	31/12/2021	03/06/2022	13/06/2022	Dutch	PDF
Full model	31/12/2020	04/06/2021	21/06/2021	Dutch	PDF
Full model	31/12/2019	05/06/2020	26/06/2020	Dutch	PDF
Full model	31/12/2018	07/06/2019	21/06/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	19/06/2018	Dutch	PDF
Full model	31/12/2016	02/06/2017	09/06/2017	Dutch	PDF
Full model	31/12/2015	03/06/2016	20/06/2016	Dutch	PDF
Full model	31/12/2014	05/06/2015	12/06/2015	Dutch	PDF
Full model	31/12/2013	06/06/2014	24/06/2014	Dutch	PDF
Full model	31/12/2012	31/05/2013	01/07/2013	Dutch	PDF
Full model	31/12/2011	22/06/2012	11/07/2012	Dutch	PDF
Full model	31/12/2010	27/05/2011	11/08/2011	Dutch	PDF
Full model	31/12/2009	28/05/2010	24/06/2010	Dutch	PDF
Full model	31/12/2008	29/05/2009	25/06/2009	Dutch	PDF
Full model	31/12/2007	30/05/2008	30/06/2008	Dutch	PDF
Full model	31/12/2006	25/05/2007	31/05/2007	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 31/12/2024 · 2 active · 21 ended

Active mandates

Gertjan Joseph Venema

Managing director · since 04 juin 2021 · until 04 juin 2027

Active

Jens Norbert Becker

Director · since 02 janvier 2020 · until 31 décembre 2025

Active

Ended mandates

Gertjan Joseph Venema

Managing director · since 11 août 2015 · until 07 juin 2021

Ended

Volker Weintritt

Director · since 11 août 2015 · until 01 janvier 2020

Ended

Volker Weintritt

Director · since 11 août 2015 · until 07 juin 2021

Ended

Axel Dr. Steiger-Bagel

Director · since 21 novembre 2014 · until 11 août 2015

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/09/2026
Ontslag en benoeming bestuurder
PDF
Mandates18/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares21/05/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates24/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/08/2021
KAPITAAL - AANDELEN
PDF
Mandates01/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/04/2021
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

2024
Annual accounts 2024155,3 k €↑
2023
Annual accounts 2023-2,7 M €↓
2022
Annual accounts 2022824,2 k €↓
2021
Annual accounts 20215,8 M €↓
2020
Annual accounts 20209 M €↑
2019
Annual accounts 20191,7 M €↓
2019
Name changeExolon Group
2018
Annual accounts 20181,8 M €↓
2017
Annual accounts 20172,6 M €↑
2016
Annual accounts 20162,4 M €↓
2015
Annual accounts 20153,2 M €↑
2015
Name changeCovestro (Tielt)
2014
Annual accounts 20142,7 M €↑
2013
Annual accounts 2013-713,1 k €↓
2012
Annual accounts 20122,6 M €↑
2011
Annual accounts 2011-622,5 k €↑
2011
Name changeBayer Materialscience
2010
Annual accounts 2010-2,6 M €↓
2009
Annual accounts 2009-63,4 k €↓
2008
Annual accounts 20084,4 M €↓
2007
Annual accounts 20075,1 M €
2007
Name changeBAYER SHEET EUROPE
13/12/1983
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

Exolon Group

Overview

What does Exolon Group do?

Trend over 18 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