ACTIVE

BOORTMALT

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Financial year 2025 · closed on 30/06/2025

Net result

-32,5 M €

-231.4% YoY

Revenue

502,6 M €

-18.8% YoY

Equity

89,7 M €

-31.6% YoY

Workforce

73,4 ETP

+4.4% YoY

What does BOORTMALT do?

BOORTMALT is a Public limited company incorporated in 1983. Its main activity is: Manufacture of malt. Its registered office is in Antwerpen. It employs on average 73,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.041.726

Incorporation

21/12/1983

Legal form

Public limited company

Registered office

Zandvoort 2
2030 Antwerpen · FlandreSee on map

Contributed capital

81 072 496,00 €

Latest accounts

30/06/2025

Average workforce

73,4 ETP

Activities (NACE)

11060Manufacture of malt· main 11060Manufacture of malt 15970Manufacture of leather and related products

Joint committees (3)

Signals

Good liquidityPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Revenue	502,6 M €	-18.8%	619,2 M €	+5.4%	587,7 M €	+67.3%	351,3 M €	+18.3%	297 M €	+30.1%	228,3 M €	-4.3%	238,6 M €	+19.5%	199,7 M €	+3.5%	193 M €	-13.8%	224 M €	+3.4%	216,7 M €	-2.3%	221,8 M €
EBITDA	14,5 M €	-53.9%	31,4 M €	+174%	11,5 M €	-41.0%	19,5 M €	+67.5%	11,6 M €	+149%	4,7 M €	-76.7%	20 M €	+33.7%	15 M €	-14.1%	17,4 M €	+24.5%	14 M €	-11.1%	15,8 M €	+15.7%	13,6 M €
Operating result	1,4 M €	-93.3%	21,1 M €	+349%	4,7 M €	-62.9%	12,7 M €	+219%	4 M €	+170%	-5,7 M €	-148%	11,9 M €	+71.0%	7 M €	-23.2%	9,1 M €	+31.9%	6,9 M €	-22.5%	8,9 M €	+21.7%	7,3 M €
Net result	-32,5 M €	-231%	-9,8 M €	-418%	3,1 M €	+120%	-15,3 M €	+89.7%	-148,2 M €	-3677%	-3,9 M €	-123%	16,8 M €	+156%	6,5 M €	+18.5%	5,5 M €	-33.1%	8,2 M €	-3.7%	8,6 M €	+259%	-5,4 M €
Balance sheet
Equity	89,7 M €	-31.6%	131 M €	-7.4%	141,4 M €	+0.6%	140,6 M €	-9.8%	156 M €	+25.3%	124,5 M €	+14.8%	108,4 M €	+18.2%	91,8 M €	+7.6%	85,3 M €	+6.9%	79,7 M €	+2.3%	78 M €	+4.7%	74,4 M €
Total assets	829,9 M €	+14.1%	727,1 M €	-13.7%	842,5 M €	+29.7%	649,4 M €	+15.1%	564,4 M €	+36.1%	414,7 M €	+10.7%	374,5 M €	-5.9%	397,9 M €	+9.7%	362,8 M €	+56.3%	232,1 M €	+13.2%	204,9 M €	-4.2%	214 M €
Cash	135,7 M €	+101%	67,7 M €	-7.1%	72,8 M €	+39.3%	52,3 M €	+33.8%	39,1 M €	+81.5%	21,5 M €	+1775%	1,1 M €	+7.2%	1,1 M €	-84.0%	6,7 M €	+169%	2,5 M €	-46.1%	4,6 M €	-10.1%	5,1 M €
Debts	738,4 M €	+24.1%	595 M €	-14.9%	699,3 M €	+37.7%	507,8 M €	+24.3%	408,4 M €	+40.8%	290,1 M €	+9.0%	266,1 M €	-12.6%	304,3 M €	+9.7%	277,4 M €	+82.9%	151,7 M €	+19.8%	126,6 M €	-9.1%	139,2 M €
Other
Workforce	73,4 ETP	+4.4%	70,3 ETP	-1.0%	71,0 ETP	-10.0%	78,9 ETP	+3.1%	76,5 ETP	+18.6%	64,5 ETP	+14.6%	56,3 ETP	+5.4%	53,4 ETP	+6.6%	50,1 ETP	+5.9%	47,3 ETP	+3.3%	45,8 ETP	-2.6%	47,0 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 30/06/2025 · 4 active · 24 ended

Active mandates

BERNARD PONCELET

Managing director · since 07 mai 2024 · until 04 novembre 2025 · 0741.560.149

Active

Tenemus

Managing director · since 01 janvier 2022 · until 04 novembre 2025 · 0739.594.316

Represented by YVAN SCHAEPMAN

Active

J-F LOISEAU

Chairman of the board of directors · since 04 novembre 2019 · until 04 novembre 2025

Active

Jean-François LOISEAU

Director · since 04 novembre 2019 · until 04 novembre 2025

Active

Ended mandates

Bernard PONCELET

Director · since 04 novembre 2019 · until 04 novembre 2025

Ended

Jean-François LOISEAU

Chairman of the board of directors · since 04 novembre 2019 · until 04 novembre 2025

Ended

Yvan SCHAEPMAN

Director · since 04 novembre 2019 · until 04 novembre 2025

Ended

Jean-François LOISEAU

Chairman of the board of directors · since 01 septembre 2017 · until 04 novembre 2019

Ended

At this address

Other companies at this address

Company	CBE no.
ASSOCIATED TERMINAL OPERATORS● Active	0882.650.114
Boortmalt Group● Active	0715.922.059
BOORTMALT INTERNATIONAL● Active	0675.655.478
Brouwershuis Antwerpen vzw● Active	1007.667.078
COPAGEST● Active	0674.749.519

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/11/2025	18/11/2024	01/12/2023	03/01/2023	29/11/2021	23/11/2020
General meeting	03/11/2025	13/11/2024	06/11/2023	20/12/2022	25/11/2021	02/11/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2025	03/11/2025	10/11/2025	Dutch	PDF
Full model	30/06/2024	13/11/2024	18/11/2024	Dutch	PDF
Full model	30/06/2023	06/11/2023	01/12/2023	Dutch	PDF
Full model	30/06/2022	20/12/2022	03/01/2023	Dutch	PDF
Full model	30/06/2021	25/11/2021	29/11/2021	Dutch	PDF
Full model	30/06/2020	02/11/2020	23/11/2020	Dutch	PDF
Full model	30/06/2019	04/11/2019	25/11/2019	Dutch	PDF
Full model	30/06/2018	05/11/2018	05/12/2018	Dutch	PDF
Full model	30/06/2017	06/11/2017	12/12/2017	Dutch	PDF
Full model	30/06/2016	07/11/2016	28/11/2016	Dutch	PDF
Full modelCorrection	30/06/2015	03/11/2015	28/11/2016	Dutch	PDF
Full model	30/06/2015	03/11/2015	08/01/2016	Dutch	PDF
Full model	30/06/2014	04/11/2014	08/12/2014	Dutch	PDF
Full model	30/06/2013	04/11/2013	04/12/2013	Dutch	PDF
Full model	30/06/2012	05/11/2012	17/12/2012	Dutch	PDF
Full model	30/06/2011	07/11/2011	01/12/2011	Dutch	PDF
Full model	30/06/2010	02/11/2010	29/11/2010	Dutch	PDF
Full model	30/06/2009	03/11/2009	26/11/2009	Dutch	PDF
Full model	30/06/2008	04/11/2008	01/12/2008	Dutch	PDF
Full model	30/06/2007	05/11/2007	03/12/2007	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 30/06/2025 · 4 active · 24 ended

Active mandates

BERNARD PONCELET

Managing director · since 07 mai 2024 · until 04 novembre 2025 · 0741.560.149

Active

Tenemus

Managing director · since 01 janvier 2022 · until 04 novembre 2025 · 0739.594.316

Represented by YVAN SCHAEPMAN

Active

J-F LOISEAU

Chairman of the board of directors · since 04 novembre 2019 · until 04 novembre 2025

Active

Jean-François LOISEAU

Director · since 04 novembre 2019 · until 04 novembre 2025

Active

Ended mandates

Bernard PONCELET

Director · since 04 novembre 2019 · until 04 novembre 2025

Ended

Jean-François LOISEAU

Chairman of the board of directors · since 04 novembre 2019 · until 04 novembre 2025

Ended

Yvan SCHAEPMAN

Director · since 04 novembre 2019 · until 04 novembre 2025

Ended

Jean-François LOISEAU

Chairman of the board of directors · since 01 septembre 2017 · until 04 novembre 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/08/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/07/2023
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

07/11/2025
reconductionJean-François Loiseau — bestuurder
07/11/2025
reconductionBernard Poncelet BV — bestuurder
07/11/2025
reconductionMazars Bedrijfsrevisoren — Réviseurs d' Entreprises Bv — commissaris
18/07/2025
nominationThomas VERHAMME — vertegenwoordiger commissaris
2025
Annual accounts 2025-32,5 M €↓
2024
Annual accounts 2024-9,8 M €↓
01/06/2024
nominationTINCC BV — gedelegeerde tot het dagelijks bestuur
28/11/2023
nominationBernard Poncelet BV — bestuurder
2023
Annual accounts 20233,1 M €↑
20/12/2022
reconductionMazars Bedrijfsrevisoren — Réviseurs d'Entreprises BV — commissaris
2022
Annual accounts 2022-15,3 M €↑
01/01/2022
nominationYVAN SCHAEPMAN BV — gedelegeerd bestuurder
01/01/2022
nominationYVAN SCHAEPMAN BV — bestuurder en afgevaardigde bestuurder
2021
Annual accounts 2021-148,2 M €↓
2020
Annual accounts 2020-3,9 M €↓
2019
Annual accounts 201916,8 M €↑
2018
Annual accounts 20186,5 M €↑
2017
Annual accounts 20175,5 M €↓
2016
Annual accounts 20168,2 M €↓
2015
Annual accounts 20158,6 M €↑
2014
Annual accounts 2014-5,4 M €
21/12/1983
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

BOORTMALT

Overview

What does BOORTMALT do?

Trend over 12 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