ACTIVE

DELAVAL

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Financial year 2025 · closed on 31/12/2025

Net result

1,2 M €

+11.9% YoY

Revenue

43,4 M €

+8.8% YoY

Equity

2,4 M €

+7.6% YoY

Workforce

65,5 ETP

+11.2% YoY

What does DELAVAL do?

DELAVAL is a Public limited company incorporated in 1985. Its main activity is: Manufacture of pharmaceutical preparations. Its registered office is in Gent. It employs on average 65,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.530.468

Incorporation

15/07/1985

Legal form

Public limited company

Registered office

Industriepark-Drongen 10
9031 Gent · FlandreSee on map

Contributed capital

180 000,00 €

Latest accounts

31/12/2025

Average workforce

65,5 ETP

Activities (NACE)

21209Manufacture of pharmaceutical preparations· main 21209Manufacture of pharmaceutical preparations 24422Aluminium production 46610Wholesale of agricultural machinery, equipment and supplies 46610Wholesale of agricultural machinery, equipment and supplies 28300Manufacture of agricultural and forestry machinery+1

Joint committees (8)

116
1160
14904
200
2000
207
2070
218

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	43,4 M €	+8.8%	39,9 M €	-5.2%	42,1 M €	+16.5%	36,1 M €	+9.9%	32,9 M €	+23.2%	26,7 M €	+4.5%	25,5 M €	-1.1%	25,8 M €	-12.1%	29,4 M €	-14.7%	34,4 M €	+8.4%	31,8 M €	+3.0%	30,9 M €	+10.2%	28 M €	+14.2%	24,5 M €	-9.0%	27 M €	-0.7%	27,2 M €	+20.2%	22,6 M €
EBITDA	2,5 M €	+2.8%	2,5 M €	-12.4%	2,8 M €	+91.5%	1,5 M €	-4.2%	1,5 M €	-11.1%	1,7 M €	-15.2%	2 M €	+22.1%	1,7 M €	+4.0%	1,6 M €	-25.8%	2,2 M €	-5.5%	2,3 M €	+10.9%	2,1 M €	+37.7%	1,5 M €	-13.8%	1,7 M €	-20.8%	2,2 M €	+2489%	85,1 k €	-95.3%	1,8 M €
Operating result	1,9 M €	+10.1%	1,7 M €	-23.4%	2,2 M €	+72.7%	1,3 M €	-11.3%	1,4 M €	+85.3%	781,3 k €	-31.9%	1,1 M €	+24.8%	918,9 k €	+18.8%	773,2 k €	-46.9%	1,5 M €	+4.5%	1,4 M €	+9.3%	1,3 M €	+72.1%	740,2 k €	-32.9%	1,1 M €	-32.0%	1,6 M €	+456%	-455,9 k €	-131%	1,5 M €
Net result	1,2 M €	+11.9%	1 M €	-24.1%	1,4 M €	+74.5%	787,2 k €	-16.6%	943,9 k €	+110%	449,8 k €	-21.2%	570,7 k €	+0.3%	568,9 k €	+45.3%	391,4 k €	-56.2%	892,8 k €	+34.2%	665,3 k €	-2.3%	680,9 k €	+182%	241,6 k €	-61.6%	628,4 k €	-44.5%	1,1 M €	+242%	-799,3 k €	-194%	847,3 k €
Balance sheet
Equity	2,4 M €	+7.6%	2,2 M €	+15.3%	1,9 M €	+48.7%	1,3 M €	+28.9%	993,2 k €	+31.7%	754 k €	-26.7%	1 M €	-24.5%	1,4 M €	+71.6%	794,5 k €	-64.7%	2,3 M €	+8.0%	2,1 M €	+5.9%	2 M €	+10.1%	1,8 M €	-16.7%	2,1 M €	+6.4%	2 M €	+128%	886,8 k €	-47.4%	1,7 M €
Total assets	16 M €	+21.9%	13,1 M €	-16.6%	15,7 M €	+10.6%	14,2 M €	+28.6%	11,1 M €	+15.0%	9,6 M €	+18.8%	8,1 M €	+5.0%	7,7 M €	-30.1%	11 M €	-2.9%	11,4 M €	-8.0%	12,4 M €	-2.4%	12,7 M €	-10.5%	14,1 M €	+15.6%	12,2 M €	-5.8%	13 M €	+7.1%	12,1 M €	+40.1%	8,7 M €
Cash	394,2 k €	+638%	53,4 k €	-86.5%	396,9 k €	+69.6%	234 k €		0 €	-100%	115,3 k €	+482%	19,8 k €	-84.1%	124,7 k €	+96.8%	63,4 k €	-77.7%	283,8 k €	+713%	34,9 k €	-87.5%	279,9 k €	-49.3%	552,3 k €	-22.0%	708,3 k €	-11.9%	803,8 k €	+129%	351,2 k €	+460%	62,8 k €
Debts	11,8 M €	+20.3%	9,8 M €	-24.3%	12,9 M €	+8.7%	11,9 M €	+32.3%	9 M €	+7.0%	8,4 M €	+30.1%	6,5 M €	+8.4%	6 M €	-39.9%	9,9 M €	+13.2%	8,7 M €	-12.4%	10 M €	-4.8%	10,5 M €	-12.8%	12 M €	+25.1%	9,6 M €	-7.8%	10,4 M €	-0.4%	10,5 M €	+63.8%	6,4 M €
Other
Workforce	65,5 ETP	+11.2%	58,9 ETP	-4.2%	61,5 ETP	+5.1%	58,5 ETP	-3.1%	60,4 ETP	+3.2%	58,5 ETP	+0.5%	58,2 ETP	-3.6%	60,4 ETP	-8.5%	66,0 ETP	-7.0%	71,0 ETP	-2.9%	73,1 ETP	+3.5%	70,6 ETP	+3.7%	68,1 ETP	-0.3%	68,3 ETP	+3.0%	66,3 ETP	-4.3%	69,3 ETP	+8.5%	63,9 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 31/12/2025 · 5 active · 28 ended

Active mandates

Anthony Drake

Director · since 15 mai 2023 · until 15 mai 2029

Active

Barbara van Driessche

Director · since 15 mai 2023 · until 31 mars 2026

Active

Erwin de Just

Director · since 15 mai 2023 · until 15 mai 2029

Active

Geert Jacob van Dijk

Managing director · since 15 mai 2023 · until 15 mai 2029

Active

Kathleen Van de Voorde

Director · since 15 mai 2023 · until 15 mai 2029

Active

Ended mandates

Barbara van Driessche

Director · since 15 mai 2023 · until 15 mai 2029

Ended

Barbara van Driessche

Director · since 14 octobre 2022 · until 15 mai 2023

Ended

Erwin de Just

Director · since 31 mai 2021 · until 15 mai 2023

Ended

Maarten de Groeve

Director · since 01 mai 2021 · until 15 mai 2023

Ended

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	01/01/2025	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	10/07/2026	25/06/2025	04/06/2024	16/05/2023	18/05/2022	20/05/2021
General meeting	01/06/2026	13/06/2025	15/05/2024	15/05/2023	16/05/2022	15/05/2021
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
Full model	31/12/2025	01/06/2026	10/07/2026	Dutch	PDF
Full model	31/12/2024	13/06/2025	25/06/2025	Dutch	PDF
Full model	31/12/2023	15/05/2024	04/06/2024	Dutch	PDF
Full model	31/12/2022	15/05/2023	16/05/2023	Dutch	PDF
Full model	31/12/2021	16/05/2022	18/05/2022	Dutch	PDF
Full model	31/12/2020	15/05/2021	20/05/2021	Dutch	PDF
Full model	31/12/2019	15/05/2020	03/06/2020	Dutch	PDF
Full model	31/12/2018	15/05/2019	14/06/2019	Dutch	PDF
Full model	31/12/2017	15/05/2018	12/07/2018	Dutch	PDF
Full model	31/12/2016	15/05/2017	14/06/2017	Dutch	PDF
Full model	31/12/2015	17/05/2016	14/06/2016	Dutch	PDF
Full model	31/12/2014	15/05/2015	27/05/2015	Dutch	PDF
Full model	31/12/2013	15/05/2014	03/06/2014	Dutch	PDF
Full model	31/12/2012	15/05/2013	27/05/2013	Dutch	PDF
Full model	31/12/2011	15/05/2012	21/05/2012	Dutch	PDF
Full model	31/12/2010	16/05/2011	18/05/2011	Dutch	PDF
Full model	31/12/2009	15/05/2010	18/05/2010	Dutch	PDF
Full model	31/12/2008	15/05/2009	19/05/2009	Dutch	PDF
Full model	31/12/2007	15/05/2008	22/05/2008	Dutch	PDF
Full model	31/12/2006	15/05/2007	11/06/2007	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 31/12/2025 · 5 active · 28 ended

Active mandates

Anthony Drake

Director · since 15 mai 2023 · until 15 mai 2029

Active

Barbara van Driessche

Director · since 15 mai 2023 · until 31 mars 2026

Active

Erwin de Just

Director · since 15 mai 2023 · until 15 mai 2029

Active

Geert Jacob van Dijk

Managing director · since 15 mai 2023 · until 15 mai 2029

Active

Kathleen Van de Voorde

Director · since 15 mai 2023 · until 15 mai 2029

Active

Ended mandates

Barbara van Driessche

Director · since 15 mai 2023 · until 15 mai 2029

Ended

Barbara van Driessche

Director · since 14 octobre 2022 · until 15 mai 2023

Ended

Erwin de Just

Director · since 31 mai 2021 · until 15 mai 2023

Ended

Maarten de Groeve

Director · since 01 mai 2021 · until 15 mai 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/08/2026
ONTSLAGEN, BENOEMINGEN, STATUTEN (VERTALING,
PDF
Mandates23/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/01/2021
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

2025
Annual accounts 20251,2 M €↑
2024
Annual accounts 20241 M €↓
2023
Annual accounts 20231,4 M €↑
2022
Annual accounts 2022787,2 k €↓
2021
Annual accounts 2021943,9 k €↑
2018
Annual accounts 2018449,8 k €↓
2017
Annual accounts 2017570,7 k €↑
2016
Annual accounts 2016568,9 k €↑
2015
Annual accounts 2015391,4 k €↓
2014
Annual accounts 2014892,8 k €↑
2013
Annual accounts 2013665,3 k €↓
2012
Annual accounts 2012680,9 k €↑
2011
Annual accounts 2011241,6 k €↓
2010
Annual accounts 2010628,4 k €↓
2009
Annual accounts 20091,1 M €↑
2008
Annual accounts 2008-799,3 k €↓
2007
Annual accounts 2007847,3 k €
15/07/1985
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

DELAVAL

Overview

What does DELAVAL do?

Trend over 17 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