ACTIVE

FLAX BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result10,6 k €-98,9 %over 1 year

Gross margin379 k €-77,3 %over 1 year

Equity2,1 M €+0,5 %over 1 year

Workforce2,5 ETP-16,7 %over 1 year

Identity

Source · BCE/KBO

FLAX BELGIUM is a Private limited company incorporated in 1986. Its main activity is: Wholesale of grain, unmanufactured tobacco, seeds and animal feeds. Its registered office is in Waregem. It employs on average 2,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0428.713.967
Incorporation: 28/03/1986
Legal form: Private limited company
Registered office: Westerlaan 37 box 2
8790 Waregem · FlandreSee on map
Contributed capital: 117 749,42 €
Latest accounts: 31/12/2025
Average workforce: 2,5 ETP

Activities (NACE)

46216Wholesale of grain, unmanufactured tobacco, seeds and animal feeds· main 46216Wholesale of grain, unmanufactured tobacco, seeds and animal feeds 46769Wholesale of other intermediate products 46869Wholesale trade, except of motor vehicles and motorcycles 51210Freight air transport

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 19 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	379 k €	-77.3%	1,7 M €	-1.9%	1,7 M €	+97.6%	863,3 k €	+29.7%	665,3 k €
EBITDA	123,8 k €	-91.3%	1,4 M €	-2.9%	1,5 M €	+102%	724,9 k €	+26.3%	573,9 k €
Operating result	8,6 k €	-99.4%	1,3 M €	-2.0%	1,4 M €	+91.9%	716,2 k €	+26.0%	568,3 k €
Net result	10,6 k €	-98.9%	1 M €	-1.0%	1 M €	+93.4%	526,6 k €	+25.6%	419,1 k €
Balance sheet
Equity	2,1 M €	+0.5%	2,1 M €	+14.3%	1,8 M €	+40.3%	1,3 M €	-14.8%	1,5 M €
Total assets	2,6 M €	+1.3%	2,6 M €	+21.9%	2,1 M €	+40.9%	1,5 M €	-10.4%	1,7 M €
Cash	267 k €	-58.1%	637,1 k €	-36.0%	995,6 k €	+44.1%	690,9 k €	-35.8%	1,1 M €
Debts	548,7 k €	+4.4%	525,4 k €	+64.8%	318,9 k €	+44.1%	221,2 k €	+28.1%	172,7 k €
Other
Workforce	2,5 ETP	-16.7%	3,0 ETP	-14.3%	3,5 ETP	+75.0%	2,0 ETP	+42.9%	1,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

ARTHUR

Mandate · 0806.461.562

Represented by Nele Galle

Active

Marc Depestele

Mandate

Active

Ended mandates

DEPESTELE MARC

Manager · since 09 mars 2007

Ended

ARTHUR

Manager · 0806.461.562

Represented by Nele Galle

Ended

Other companies at this address

Westerlaan 37 8790 Waregem

Company	CBE no.
ARTHUR● Active	0806.461.562
NEMA VASTGOED● Active	0726.754.088
Vereniging van mede-eigenaars Residentie Westerfield● Active	0849.637.351

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	26/07/2026	28/07/2025	29/07/2024	10/07/2023	24/08/2022	12/08/2021
General meeting	27/06/2026	30/06/2025	30/06/2024	24/06/2023	01/06/2022	05/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	27/06/2026	26/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	28/07/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	29/07/2024	Dutch	PDF
Abridged model	31/12/2022	24/06/2023	10/07/2023	Dutch	PDF
Abridged model	31/12/2021	01/06/2022	24/08/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	12/08/2021	Dutch	PDF
Abridged model	31/12/2019	06/06/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	01/06/2019	20/08/2019	Dutch	PDF
Abridged model	31/12/2017	02/06/2018	24/08/2018	Dutch	PDF
Abridged model	31/12/2016	20/03/2017	31/05/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	25/08/2016	Dutch	PDF
Abridged model	31/12/2014	06/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	01/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	24/07/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	03/05/2011	23/08/2011	Dutch	PDF
Abridged model	31/12/2009	04/05/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	05/05/2009	24/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	12/11/2008	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

ARTHUR

Mandate · 0806.461.562

Represented by Nele Galle

Active

Marc Depestele

Mandate

Active

Ended mandates

DEPESTELE MARC

Manager · since 09 mars 2007

Ended

ARTHUR

Manager · 0806.461.562

Represented by Nele Galle

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates23/10/2023
WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares26/02/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares10/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office23/09/2008
MAATSCHAPPELIJKE ZETEL
PDF
Mandates29/03/2007
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/06/2004
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office09/09/2002
MAATSCHAPPELIJKE ZETEL
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 202510,6 k €↓
2024
Annual accounts 20241 M €↓
2023
Annual accounts 20231 M €↑
2023
Name changeFLAX BELGIUM
2022
Annual accounts 2022526,6 k €↑
2021
Annual accounts 2021419,1 k €↑
2021
Name changeT - PLUS
2020
Annual accounts 2020335 k €↑
2019
Annual accounts 2019152,3 k €↓
2018
Annual accounts 2018649,8 k €↑
2017
Annual accounts 2017488,4 k €↑
2016
Annual accounts 2016284,5 k €↓
2015
Annual accounts 2015420,5 k €↑
2014
Annual accounts 2014155,4 k €↑
2013
Annual accounts 201340,2 k €↓
2012
Annual accounts 2012210,7 k €↓
2011
Annual accounts 2011363,4 k €↑
2010
Annual accounts 2010250,6 k €↑
2009
Annual accounts 2009125,6 k €↓
2008
Annual accounts 2008344,8 k €
28/03/1986
IncorporationPrivate limited company

FLAX BELGIUM

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