ACTIVE

DE WINTER

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Financial year 2025 · closed on 31/12/2025

Net result

62,4 k €

-21.1% YoY

Gross margin

136,9 k €

-13.1% YoY

Equity

430,1 k €

+17.0% YoY

What does DE WINTER do?

DE WINTER is a Public limited company incorporated in 1984. Its main activity is: Growing of cereals (except rice), leguminous crops and oil seeds. Its registered office is in Oudenaarde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.830.988

Incorporation

14/06/1984

Legal form

Public limited company

Registered office

Wortegemstraat 5
9700 Oudenaarde · FlandreSee on map

Contributed capital

212 328,13 €

Latest accounts

31/12/2025

Activities (NACE)

01110Growing of cereals (except rice), leguminous crops and oil seeds· main 01110Growing of cereals (except rice), leguminous crops and oil seeds 52484Warehousing and support activities for transportation 46110Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods 46110Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods 47770Retail sale of watches and jewellery in specialised stores+3

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	136,9 k €	-13.1%	157,5 k €	+95.6%	80,5 k €	-0.9%	81,3 k €	+15.1%	70,6 k €	-80.6%	364,2 k €	+313%	88,1 k €	+1124%	7,2 k €	-68.6%	22,9 k €	-65.3%	66 k €	+354%	14,5 k €	-30.2%	20,8 k €	-34.8%	32 k €	+9.8%	29,1 k €	+60.8%	18,1 k €	-20.6%	22,8 k €	-13.2%	26,3 k €	-24.0%	34,6 k €
EBITDA	134,7 k €	-13.7%	156 k €	+98.1%	78,7 k €	+2627%	2,9 k €	-95.7%	67,6 k €	-81.3%	361,6 k €	+1150%	-34,4 k €	-1808%	2 k €	+113%	-16 k €	-126%	61,4 k €	+421%	11,8 k €	-35.1%	18,1 k €	-37.0%	28,8 k €	+10.3%	26,1 k €	+67.1%	15,6 k €	-23.4%	20,4 k €	-14.7%	23,9 k €	-25.4%	32,1 k €
Operating result	91,8 k €	-20.4%	115,2 k €	+124%	51,3 k €	+280%	-28,5 k €	-459%	7,9 k €	-97.5%	310,8 k €	+514%	-75,1 k €	-89.4%	-39,7 k €	+30.5%	-57,1 k €	-1200%	5,2 k €	+68.4%	3,1 k €	-72.7%	11,3 k €	-49.0%	22,2 k €	+11.2%	19,9 k €	+99.0%	10 k €	-33.2%	15 k €	-20.2%	18,8 k €	-30.4%	27 k €
Net result	62,4 k €	-21.1%	79,1 k €	+68.7%	46,9 k €	+269%	-27,7 k €	-1301%	2,3 k €	-99.2%	287,8 k €	+436%	-85,6 k €	-63.2%	-52,5 k €	+25.5%	-70,4 k €	-333%	-16,3 k €	-112%	-7,7 k €	-913%	-756 €	-106%	11,8 k €	+12.8%	10,4 k €	+1989%	-552,6 €	+89.8%	-5,4 k €	-130%	-2,4 k €	-129%	8,2 k €
Balance sheet
Equity	430,1 k €	+17.0%	367,7 k €	+27.4%	288,6 k €	+19.4%	241,7 k €	-10.3%	269,4 k €	+3.8%	259,6 k €	+2074%	-13,2 k €	-118%	72,5 k €	-42.0%	124,9 k €	-36.1%	195,4 k €	+17.3%	166,6 k €	-25.7%	224,3 k €	-0.3%	225 k €	+5.5%	213,3 k €	+5.1%	202,8 k €	-0.3%	203,4 k €	-2.6%	208,8 k €	-1.1%	211,2 k €
Total assets	496,4 k €	+10.1%	451 k €	+15.9%	389,2 k €	-8.6%	425,9 k €	-9.3%	469,5 k €	+0.4%	467,4 k €	+36.2%	343,2 k €	-28.4%	479,3 k €	-21.4%	609,6 k €	-52.3%	1,3 M €	+109%	612,5 k €	-2.5%	628,3 k €	-0.3%	630,3 k €	+7.4%	586,7 k €	+4.1%	563,8 k €	-5.9%	598,9 k €	+3.1%	581 k €	+5.9%	548,5 k €
Cash	220,4 k €	+9.5%	201,2 k €	+25.2%	160,8 k €	-34.5%	245,3 k €	+664%	32,1 k €	-72.2%	115,4 k €	+641%	15,6 k €	-12.3%	17,7 k €	-81.1%	94 k €	-53.5%	202,1 k €	+944%	19,4 k €	+20.5%	16,1 k €	-15.1%	18,9 k €	+30.6%	14,5 k €	-5.5%	15,3 k €	-6.3%	16,4 k €	-33.9%	24,7 k €	+1660%	1,4 k €
Debts	66,4 k €	-20.4%	83,4 k €	-17.2%	100,6 k €	-45.4%	184,2 k €	-8.0%	200,1 k €	-1.1%	202,2 k €	-42.3%	350,7 k €	-13.8%	406,9 k €	-16.0%	484,6 k €	-54.5%	1,1 M €	+144%	437,1 k €	+10.4%	395,9 k €	-0.3%	397 k €	+8.7%	365,2 k €	+3.5%	352,8 k €	-7.0%	379,2 k €	+6.7%	355,5 k €	+10.8%	320,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 21 ended

Active mandates

Frederik BLANCKE

Director

Active

Geert BLANCKE

Director

Active

Martine Delespaul

Managing director

Active

Thomas Blancke

Director

Active

Ended mandates

Thomas Blancke

Director · since 07 juillet 2014 · until 31 mars 2026

Ended

Thomas Blancke

Associate · since 07 juillet 2014 · until 31 mars 2026

Ended

Thomas BLANCKE

Director · since 01 juillet 2014

Ended

Frederik Blancke

Director · since 01 avril 2014 · until 31 mars 2026

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	28/07/2026	10/07/2025	14/07/2024	25/06/2023	01/09/2022	30/08/2021
General meeting	18/05/2026	19/05/2025	20/05/2024	15/05/2023	16/05/2022	10/06/2021
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
Micro model	31/12/2025	18/05/2026	28/07/2026	Dutch	PDF
Micro model	31/12/2024	19/05/2025	10/07/2025	Dutch	PDF
Micro model	31/12/2023	20/05/2024	14/07/2024	Dutch	PDF
Micro model	31/12/2022	15/05/2023	25/06/2023	Dutch	PDF
Micro model	31/12/2021	16/05/2022	01/09/2022	Dutch	PDF
Micro model	31/12/2020	10/06/2021	30/08/2021	Dutch	PDF
Micro model	31/12/2019	18/05/2020	12/08/2020	Dutch	PDF
Micro model	31/12/2018	29/06/2019	26/08/2019	Dutch	PDF
Micro model	31/12/2017	29/06/2018	29/08/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	05/08/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	18/06/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	09/08/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	15/06/2011	Dutch	PDF
Abridged model	31/12/2009	17/05/2010	28/05/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	15/06/2009	Dutch	PDF
Abridged model	31/12/2007	19/05/2008	30/05/2008	Dutch	PDF
Abridged model	31/12/2006	21/05/2007	14/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 4 active · 21 ended

Active mandates

Frederik BLANCKE

Director

Active

Geert BLANCKE

Director

Active

Martine Delespaul

Managing director

Active

Thomas Blancke

Director

Active

Ended mandates

Thomas Blancke

Director · since 07 juillet 2014 · until 31 mars 2026

Ended

Thomas Blancke

Associate · since 07 juillet 2014 · until 31 mars 2026

Ended

Thomas BLANCKE

Director · since 01 juillet 2014

Ended

Frederik Blancke

Director · since 01 avril 2014 · until 31 mars 2026

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/12/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates04/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/06/2015
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/04/2014
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates09/06/2008
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/10/2004
KAPITAAL - AANDELEN - DOEL - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202562,4 k €↓
2024
Annual accounts 202479,1 k €↑
2023
Annual accounts 202346,9 k €↑
2022
Annual accounts 2022-27,7 k €↓
2021
Annual accounts 20212,3 k €↓
2018
Annual accounts 2018287,8 k €↑
2017
Annual accounts 2017-85,6 k €↓
2016
Annual accounts 2016-52,5 k €↑
2015
Annual accounts 2015-70,4 k €↓
2014
Annual accounts 2014-16,3 k €↓
2013
Annual accounts 2013-7,7 k €↓
2012
Annual accounts 2012-756 €↓
2011
Annual accounts 201111,8 k €↑
2010
Annual accounts 201010,4 k €↑
2009
Annual accounts 2009-552,6 €↑
2008
Annual accounts 2008-5,4 k €↓
2007
Annual accounts 2007-2,4 k €↓
2006
Annual accounts 20068,2 k €
14/06/1984
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

DE WINTER

Overview

What does DE WINTER 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