ACTIVE

FLAX GHEKIERE

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Financial year 2025 · closed on 31/03/2025

Net result

641,8 k €

-68.0% YoY

Gross margin

1,4 M €

-49.1% YoY

Equity

1,2 M €

+20.5% YoY

Workforce

4,0 ETP

+33.3% YoY

What does FLAX GHEKIERE do?

FLAX GHEKIERE is a Public limited company incorporated in 1984. Its main activity is: Preparation and spinning of textile fibres. Its registered office is in Ledegem. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.912.746

Incorporation

30/06/1984

Legal form

Public limited company

Registered office

Toor 2
8880 Ledegem · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/03/2025

Average workforce

4,0 ETP

Activities (NACE)

13100Preparation and spinning of textile fibres· main 13100Preparation and spinning of textile fibres 13300Finishing of textiles 13300Finishing of textiles 17140Manufacture of pulp, paper and paperboard 17300Manufacture of paper and paper products

Joint committees (3)

12002
144
214

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,4 M €	-49.1%	2,7 M €	+88.8%	1,4 M €	+13.9%	1,2 M €	+200%	417,1 k €	-9.2%	459,2 k €	+0.5%	457 k €	+114%	213,4 k €	+17.5%	181,6 k €	-11.3%	204,6 k €	+58.5%	129,1 k €	+7.4%	120,2 k €	-15.6%	142,4 k €	+27.6%	111,6 k €	+14.3%	97,6 k €	+18.9%	82,1 k €	-58.9%	199,8 k €	-0.2%	200,1 k €
EBITDA	1,2 M €	-53.9%	2,5 M €	+91.9%	1,3 M €	+17.9%	1,1 M €	+201%	370,7 k €	-9.3%	408,8 k €	+1.3%	403,5 k €	+149%	162,1 k €	+23.5%	131,2 k €	-14.1%	152,7 k €	+96.8%	77,6 k €	+11.9%	69,4 k €	-27.0%	95 k €	+40.1%	67,8 k €	+28.7%	52,7 k €	+63.7%	32,2 k €	-78.1%	147,1 k €	+0.7%	146,1 k €
Operating result	772,9 k €	-64.1%	2,2 M €	+113%	1 M €	+8.5%	934,8 k €	+226%	286,3 k €	+52.6%	187,7 k €	-41.0%	318 k €	+151%	126,7 k €	+785%	-18,5 k €	-128%	66,9 k €	+46.4%	45,7 k €	+68.6%	27,1 k €	-45.8%	50 k €	+56.3%	32 k €	+249%	9,2 k €	+177%	-11,9 k €	-115%	78,3 k €	-5.0%	82,4 k €
Net result	641,8 k €	-68.0%	2 M €	+116%	928,9 k €	+6.2%	874,8 k €	+260%	243,2 k €	+79.4%	135,5 k €	-46.9%	255,4 k €	+176%	92,6 k €	+306%	-45,1 k €	-131%	143,1 k €	+462%	25,5 k €	+60.4%	15,9 k €	-48.9%	31,1 k €	+39.9%	22,2 k €	+464%	-6,1 k €	+86.3%	-44,4 k €	-152%	84,7 k €	+23.8%	68,4 k €
Balance sheet
Equity	1,2 M €	+20.5%	1 M €	+16.9%	883,8 k €	+25.4%	704,8 k €	+188%	245 k €	-33.3%	367,1 k €	-14.9%	431,6 k €	+36.5%	316,2 k €	+15.6%	273,6 k €	-21.5%	348,7 k €	+57.4%	221,6 k €	+4.5%	212,1 k €	-0.1%	212,2 k €	-0.4%	213,2 k €	-2.3%	218,3 k €	-2.7%	224,4 k €	-16.5%	268,8 k €	+5.8%	254,1 k €
Total assets	4,8 M €	-48.9%	9,5 M €	+50.0%	6,3 M €	-11.2%	7,1 M €	+321%	1,7 M €	+5.8%	1,6 M €	-37.2%	2,5 M €	+29.3%	2 M €	-7.6%	2,1 M €	+14.1%	1,9 M €	+57.4%	1,2 M €	+3.5%	1,1 M €	-13.5%	1,3 M €	-9.2%	1,5 M €	+64.2%	889 k €	+16.5%	763,3 k €	-31.8%	1,1 M €	+1.4%	1,1 M €
Cash	366,1 k €	-52.1%	764 k €	+851%	80,3 k €	-91.7%	962,3 k €	+391%	195,8 k €	+47.7%	132,6 k €	-26.8%	181 k €	+31.6%	137,6 k €	+65.3%	83,2 k €	+1315%	5,9 k €	-64.6%	16,6 k €	-23.2%	21,6 k €	+564%	3,3 k €	-64.7%	9,2 k €	+116%	4,3 k €	+15.7%	3,7 k €	+27.4%	2,9 k €	-94.1%	49,3 k €
Debts	3,6 M €	-57.2%	8,4 M €	+54.9%	5,4 M €	-15.2%	6,4 M €	+344%	1,4 M €	+18.5%	1,2 M €	-42.1%	2,1 M €	+28.2%	1,6 M €	-11.1%	1,8 M €	+24.2%	1,5 M €	+57.1%	946,2 k €	+3.2%	916,4 k €	-16.5%	1,1 M €	-10.7%	1,2 M €	+87.5%	655,7 k €	+32.8%	493,8 k €	-39.3%	813,2 k €	-0.6%	818 k €
Other
Workforce	4,0 ETP	+33.3%	3,0 ETP	+36.4%	2,2 ETP	+10.0%	2,0 ETP	0.0%	2,0 ETP	+122%	0,9 ETP	-10.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-16.7%	1,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 9 ended

Active mandates

JUVILIN

Director · since 14 mai 2020 · until 21 mars 2026 · 0737.985.205

Represented by Matthias Ghekiere

Active

SEMALIN

Director · since 14 mai 2020 · until 21 mars 2026 · 0453.776.292

Represented by Geert Ghekiere

Active

Ended mandates

Geert Ghekiere

Director · since 17 septembre 2016 · until 17 septembre 2022

Ended

Kathleen Vandaele

Director · since 17 septembre 2016 · until 17 septembre 2022

Ended

SEMALIN

Managing director · since 17 septembre 2016 · until 17 septembre 2022 · 0453.776.292

Represented by Geert Ghekiere

Ended

Geert Ghekiere

Director · since 18 septembre 2010 · until 18 septembre 2016

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/10/2020	01/10/2019	01/04/2018
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	30/09/2020	30/09/2019
Length of the financial year	12 months	12 months	12 months	18 months	12 months	18 months
Filing date	13/10/2025	30/09/2024	31/10/2023	31/10/2022	20/04/2021	23/03/2020
General meeting	20/09/2025	21/09/2024	30/09/2023	30/09/2022	20/03/2021	21/03/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	20/09/2025	13/10/2025	Dutch	PDF
Abridged model	31/03/2024	21/09/2024	30/09/2024	Dutch	PDF
Abridged model	31/03/2023	30/09/2023	31/10/2023	Dutch	PDF
Abridged model	31/03/2022	30/09/2022	31/10/2022	Dutch	PDF
Abridged model	30/09/2020	20/03/2021	20/04/2021	Dutch	PDF
Abridged model	30/09/2019	21/03/2020	23/03/2020	Dutch	PDF
Abridged model	31/03/2018	15/09/2018	18/09/2018	Dutch	PDF
Abridged model	31/03/2017	16/09/2017	11/10/2017	Dutch	PDF
Abridged model	31/03/2016	17/09/2016	26/09/2016	Dutch	PDF
Abridged model	31/03/2015	19/09/2015	25/09/2015	Dutch	PDF
Abridged model	31/03/2014	20/09/2014	30/09/2014	Dutch	PDF
Abridged model	31/03/2013	21/09/2013	23/09/2013	Dutch	PDF
Abridged model	31/03/2012	15/09/2012	17/09/2012	Dutch	PDF
Abridged model	31/03/2011	17/09/2011	30/09/2011	Dutch	PDF
Abridged model	31/03/2010	18/09/2010	21/09/2010	Dutch	PDF
Abridged model	31/03/2009	19/09/2009	01/10/2009	Dutch	PDF
Abridged model	31/03/2008	20/09/2008	29/09/2008	Dutch	PDF
Abridged model	31/03/2007	15/09/2007	08/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/03/2025 · 2 active · 9 ended

Active mandates

JUVILIN

Director · since 14 mai 2020 · until 21 mars 2026 · 0737.985.205

Represented by Matthias Ghekiere

Active

SEMALIN

Director · since 14 mai 2020 · until 21 mars 2026 · 0453.776.292

Represented by Geert Ghekiere

Active

Ended mandates

Geert Ghekiere

Director · since 17 septembre 2016 · until 17 septembre 2022

Ended

Kathleen Vandaele

Director · since 17 septembre 2016 · until 17 septembre 2022

Ended

SEMALIN

Managing director · since 17 septembre 2016 · until 17 septembre 2022 · 0453.776.292

Represented by Geert Ghekiere

Ended

Geert Ghekiere

Director · since 18 septembre 2010 · until 18 septembre 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Registered office27/02/2023
MAATSCHAPPELIJKE ZETEL
PDF
Other04/10/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Restructuring23/10/2020
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring22/06/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates25/05/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Other05/04/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates17/10/2016
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 2025641,8 k €↓
2024
Annual accounts 20242 M €↑
2023
Annual accounts 2023928,9 k €↑
2022
Annual accounts 2022874,8 k €↑
2020
Annual accounts 2020243,2 k €↑
2019
Annual accounts 2019135,5 k €↓
2018
Annual accounts 2018255,4 k €↑
2017
Annual accounts 201792,6 k €↑
2016
Annual accounts 2016-45,1 k €↓
2015
Annual accounts 2015143,1 k €↑
2014
Annual accounts 201425,5 k €↑
2013
Annual accounts 201315,9 k €↓
2012
Annual accounts 201231,1 k €↑
2011
Annual accounts 201122,2 k €↑
2010
Annual accounts 2010-6,1 k €↑
2009
Annual accounts 2009-44,4 k €↓
2008
Annual accounts 200884,7 k €↑
2007
Annual accounts 200768,4 k €
30/06/1984
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

FLAX GHEKIERE

Overview

What does FLAX GHEKIERE 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