ACTIVE

REUL FRERES

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Financial year 2025 · Closed on 31/12/2025

Net result91 k €-62,0 %over 1 year

Gross margin1,5 M €-12,5 %over 1 year

Equity2 M €+3,9 %over 1 year

Workforce19,0 ETP-11,2 %over 1 year

Identity

Source · BCE/KBO

REUL FRERES is a Private limited company incorporated in 1985. Its main activity is: Manufacture of furniture. Its registered office is in Baelen. It employs on average 19,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0427.155.237
Incorporation: 27/03/1985
Legal form: Private limited company
Registered office: Rue des Bas-Fourneaux 5
4837 Baelen · WallonieSee on map
Contributed capital: 489 100,00 €
Latest accounts: 31/12/2025
Average workforce: 19,0 ETP

Activities (NACE)

31004Manufacture of furniture· main 31091Manufacture of other furniture 36141Water collection, treatment and supply 43320Joinery installation 43320Joinery installation 45421Sale, maintenance and repair of motorcycles and related parts and accessories+9

Joint committees (4)

126
1260
12624
218

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 17 financial years

	2025		2024		2023		2022		2020
Income statement
Gross margin	1,5 M €	-12.5%	1,7 M €	-3.3%	1,8 M €	+14.0%	1,6 M €	+9.8%	1,4 M €
EBITDA	587,3 k €	-11.7%	665,1 k €	+6.4%	624,9 k €	+11.5%	560,7 k €	-5.7%	594,6 k €
Operating result	295,4 k €	-20.3%	370,8 k €	+9.9%	337,5 k €	+18.0%	285,9 k €	-2.3%	292,8 k €
Net result	91 k €	-62.0%	239,3 k €	+24.8%	191,7 k €	+16.5%	164,6 k €	-38.4%	267 k €
Balance sheet
Equity	2 M €	+3.9%	1,9 M €	+11.7%	1,7 M €	+20.0%	1,4 M €	+20.1%	1,2 M €
Total assets	5,3 M €	+5.2%	5 M €	-6.1%	5,3 M €	+0.6%	5,3 M €	+2.1%	5,2 M €
Cash	61,5 k €	-25.5%	82,5 k €	+155%	32,4 k €	+1115%	2,7 k €	-96.8%	82,9 k €
Debts	3,2 M €	+5.7%	3,1 M €	-14.7%	3,6 M €	-6.7%	3,9 M €	-3.3%	4 M €
Other
Workforce	19,0 ETP	-11.2%	21,4 ETP	+0.5%	21,3 ETP	-0.9%	21,5 ETP	+12.0%	19,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Hervé Reul	Directorsince 01/07/2016Manager01/07/2016 → 2018 accountsended
Eric Reul	Directorsince 27/03/1985Manager27/03/1985 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
REUL HOLDING0646.920.219Represented by Eric Reul	Manager10/02/2016 → 05/12/2016
Marc Reul	Manager27/03/1985 → 10/02/2016

Other companies at this address

Rue des Bas-Fourneaux 5 4837 Baelen

Company	CBE no.
MyDimm● Active	0667.529.650
RM81● Active	1020.929.156

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	23/06/2026	03/03/2025	08/04/2024	16/03/2023	18/02/2022	19/03/2021
General meeting	19/06/2026	20/02/2025	05/04/2024	13/03/2023	11/02/2022	18/03/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	23/06/2026	French	PDF
Abridged model	31/12/2024	20/02/2025	03/03/2025	French	PDF
Abridged model	31/12/2023	05/04/2024	08/04/2024	French	PDF
Abridged model	31/12/2022	13/03/2023	16/03/2023	French	PDF
Abridged model	31/12/2021	11/02/2022	18/02/2022	French	PDF
Abridged model	31/12/2020	18/03/2021	19/03/2021	French	PDF
Abridged model	31/12/2019	26/05/2020	29/05/2020	French	PDF
Abridged model	31/12/2018	20/02/2019	01/03/2019	French	PDF
Abridged model	31/12/2017	07/03/2018	07/03/2018	French	PDF
Abridged model	31/12/2016	20/04/2017	20/04/2017	French	PDF
Abridged model	31/12/2015	02/05/2016	18/05/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	09/07/2014	13/08/2014	French	PDF
Abridged model	31/12/2012	18/03/2013	28/03/2013	French	PDF
Abridged model	31/12/2011	13/04/2012	26/04/2012	French	PDF
Abridged model	31/12/2010	15/03/2011	29/04/2011	French	PDF
Abridged model	31/12/2009	03/02/2010	02/03/2010	French	PDF
Abridged model	31/12/2008	30/01/2009	03/03/2009	French	PDF
Abridged model	31/12/2007	10/04/2008	13/05/2008	French	PDF
Abridged model	31/12/2006	02/02/2007	02/03/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Hervé Reul	Directorsince 01/07/2016Manager01/07/2016 → 2018 accountsended
Eric Reul	Directorsince 27/03/1985Manager27/03/1985 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
REUL HOLDING0646.920.219Represented by Eric Reul	Manager10/02/2016 → 05/12/2016
Marc Reul	Manager27/03/1985 → 10/02/2016

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other13/08/2026
DIVERS
PDF
Mandates08/09/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office18/07/2019
SIEGE SOCIAL
PDF
Mandates19/12/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates25/07/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates01/03/2016
DEMISSIONS, NOMINATIONS
PDF
Other12/02/2014
DIVERS
PDF
Capital / shares06/01/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings17 filings

Mandates

Hervé Reul

Eric Reul

REUL HOLDING

Marc Reul

198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

REUL FRERES

Rue des Bas-Fourneaux 5, 4837 Baelen

DirectorManager

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue des Bas-Fourneaux 5, 4837 BaelenCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00186500

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
REUL FRERESCurrent	accounts 2008 → 2025	Accounts 2025 · 2026-00186500

Events

2025
Annual accounts 202591 k €↓
2024
Annual accounts 2024239,3 k €↑
2023
Annual accounts 2023191,7 k €↑
2022
Annual accounts 2022164,6 k €↓
2020
Annual accounts 2020267 k €↓
2019
Annual accounts 2019423,1 k €↑
2018
Annual accounts 2018168,3 k €↑
2017
Annual accounts 2017165,4 k €↑
2016
Annual accounts 2016102,6 k €↓
2015
Annual accounts 2015116,7 k €↑
2014
Annual accounts 201464,1 k €↓
2013
Annual accounts 2013120,4 k €↑
2012
Annual accounts 201281,2 k €↓
2011
Annual accounts 2011106 k €↑
2010
Annual accounts 201087,5 k €↓
2009
Annual accounts 2009132,9 k €↓
2008
Annual accounts 2008149,9 k €
27/03/1985
IncorporationPrivate limited company

REUL FRERES

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events