ACTIVE

PROBEMAL

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Financial year 2025 · closed on 31/12/2025

Net result

5,9 k €

-80.1% YoY

Gross margin

1,5 M €

+0.7% YoY

Equity

1,7 M €

+0.3% YoY

Workforce

17,7 ETP

-7.3% YoY

What does PROBEMAL do?

PROBEMAL is a Public limited company incorporated in 1986. Its registered office is in Malmedy. It employs on average 17,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.052.675

Incorporation

20/06/1986

Legal form

Public limited company

Registered office

Baugnez-Route de Luxembourg 16
4960 Malmedy · WallonieSee on map

Contributed capital

500 000,00 €

Latest accounts

31/12/2025

Average workforce

17,7 ETP

Joint committees (2)

10602
218

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,5 M €	+0.7%	1,5 M €	+9.5%	1,4 M €	-3.4%	1,5 M €	+12.3%	1,3 M €	+4.3%	1,2 M €	-15.4%	1,5 M €	+9.5%	1,3 M €	+13.0%	1,2 M €	+2.5%	1,2 M €	+7.1%	1,1 M €	-14.1%	1,3 M €	+3.8%	1,2 M €	+1.2%	1,2 M €	+10.8%	1,1 M €	-3.9%	1,1 M €	+38.8%	807,6 k €	-8.6%	883,4 k €	-24.3%	1,2 M €	+20.2%	970,8 k €
EBITDA	435,2 k €	-3.4%	450,7 k €	+35.7%	332,2 k €	-32.1%	489,5 k €	+40.5%	348,5 k €	+11.8%	311,8 k €	-33.5%	468,7 k €	+1.7%	461 k €	+18.8%	388,2 k €	+3.0%	376,9 k €	+5.5%	357,4 k €	-25.3%	478,3 k €	+27.6%	374,7 k €	-19.1%	462,9 k €	+0.4%	460,9 k €	-11.6%	521,7 k €	+365%	112,1 k €	-72.7%	410,6 k €	-24.7%	545,4 k €	+30.5%	417,8 k €
Operating result	95,5 k €	-26.8%	130,4 k €	-22.3%	167,7 k €	-13.5%	193,9 k €	+105%	94,5 k €	+69.0%	55,9 k €	-45.3%	102,2 k €	+56.6%	65,3 k €	-19.0%	80,6 k €	-6.2%	85,9 k €	+127%	37,9 k €	-70.9%	129,9 k €	+15.0%	113 k €	-26.6%	154 k €	+2.5%	150,2 k €	+40.5%	106,9 k €	+148%	-220,6 k €	-297%	112 k €	-44.5%	201,6 k €	+42.7%	141,3 k €
Net result	5,9 k €	-80.1%	29,8 k €	-48.0%	57,4 k €	-42.4%	99,7 k €	+243%	29,1 k €	+181%	10,3 k €	-76.3%	43,6 k €	+185%	15,3 k €	-21.5%	19,5 k €	-29.8%	27,7 k €	+15114%	182,3 €	-99.8%	89,7 k €	-7.1%	96,6 k €	-11.4%	109 k €	+27.3%	85,6 k €	+291%	21,9 k €	+107%	-296,2 k €	-556%	65 k €	+18.2%	55 k €	-8.5%	60 k €
Balance sheet
Equity	1,7 M €	+0.3%	1,7 M €	+1.8%	1,7 M €	+3.5%	1,6 M €	+6.5%	1,5 M €	+1.9%	1,5 M €	+0.7%	1,5 M €	+3.0%	1,5 M €	+1.1%	1,4 M €	+1.4%	1,4 M €	+2.0%	1,4 M €	+0.0%	1,4 M €	+6.9%	1,3 M €	+8.0%	1,2 M €	+9.9%	1,1 M €	+8.4%	1 M €	+2.0%	996,5 k €	-23.0%	1,3 M €	+4.4%	1,2 M €	+3.7%	1,2 M €
Total assets	5,6 M €	+6.7%	5,3 M €	-11.8%	6 M €	+7.7%	5,5 M €	+10.4%	5 M €	+12.1%	4,5 M €	-2.7%	4,6 M €	-3.1%	4,7 M €	-0.7%	4,8 M €	+12.0%	4,3 M €	+13.6%	3,8 M €	-7.7%	4,1 M €	+3.9%	3,9 M €	-0.9%	4 M €	+3.3%	3,8 M €	-3.0%	3,9 M €	-2.5%	4 M €	-5.6%	4,3 M €	-3.9%	4,5 M €	+1.0%	4,4 M €
Cash	97,5 k €	-43.4%	172,3 k €	-55.2%	384,8 k €	+47.2%	261,4 k €	-30.9%	378,1 k €	+41.9%	266,4 k €	+118%	122,4 k €	-23.8%	160,6 k €	-33.8%	242,7 k €	-34.9%	373,1 k €	+176%	135,1 k €	-38.6%	220 k €	-0.1%	220,2 k €	+38.3%	159,2 k €	-15.9%	189,4 k €	+16.2%	163,1 k €	+14.0%	143,1 k €	+44.5%	99,1 k €	+23.9%	79,9 k €	-47.7%	152,8 k €
Debts	3,9 M €	+9.9%	3,5 M €	-17.2%	4,3 M €	+11.7%	3,8 M €	+12.1%	3,4 M €	+19.8%	2,8 M €	-4.8%	3 M €	-7.5%	3,2 M €	-0.3%	3,2 M €	+17.9%	2,7 M €	+22.0%	2,2 M €	-12.3%	2,6 M €	+2.6%	2,5 M €	-5.4%	2,6 M €	+0.9%	2,6 M €	-7.2%	2,8 M €	-4.0%	2,9 M €	+1.8%	2,9 M €	-5.3%	3 M €	-1.0%	3,1 M €
Other
Workforce	17,7 ETP	-7.3%	19,1 ETP	+2.7%	18,6 ETP	+1.6%	18,3 ETP	+2.8%	17,8 ETP	-3.3%	18,4 ETP	-1.1%	18,6 ETP	+2.2%	18,2 ETP	+19.0%	15,3 ETP	+3.4%	14,8 ETP	-2.6%	15,2 ETP	-3.2%	15,7 ETP	+5.4%	14,9 ETP	-6.9%	16,0 ETP	+16.8%	13,7 ETP	-5.5%	14,5 ETP	-12.7%	16,6 ETP	+23.0%	13,5 ETP	-5.6%	14,3 ETP	+1.4%	14,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 13 ended

Active mandates

Jean-Marie BODARWE

Managing director · since 17 juin 2022 · until 17 juin 2028

Active

Michel BODARWE

Chairman of the board of directors · since 17 juin 2022 · until 17 juin 2028

Active

Nathalie KÜPPER

Director · since 17 juin 2022 · until 17 juin 2028

Active

Ended mandates

Jean-Marie BODARWE

Managing director · since 16 juin 2016 · until 16 juin 2022

Ended

Michel BODARWE

Chairman of the board of directors · since 16 juin 2016 · until 16 juin 2022

Ended

Nathalie KÜPPER

Director · since 16 juin 2016 · until 16 juin 2022

Ended

Jean-Marie BODARWE

Managing director · since 18 juin 2010 · until 17 juin 2016

Ended

At this address

Other companies at this address

Company	CBE no.
A. DETHIER● Active	0415.035.878
AFIMAN● Active	0896.003.747
BODARWE CARRIERES● Active	0416.628.559
BODARWE IMMO● Active	0465.525.665
Boreta● Active	0402.317.495
CARRIERES SCHAUSS● Active	0445.677.881
FIBO● Active	0451.844.806
LA BORGUEUSE HE● Active	0753.707.123
PIERRE DE WAIMES● Active	0439.273.408
RACE WORLD HOLDING● Active	0731.818.280
TRANSPORTS BODARWE MALMEDY● Active	0880.876.301

Annual accounts

Full financial information

	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	07/07/2026	07/07/2025	29/07/2024	21/06/2023	24/06/2022	21/06/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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
Abridged model	31/12/2025	19/06/2026	07/07/2026	French	PDF
Abridged model	31/12/2024	20/06/2025	07/07/2025	French	PDF
Abridged model	31/12/2023	21/06/2024	29/07/2024	French	PDF
Abridged model	31/12/2022	16/06/2023	21/06/2023	French	PDF
Abridged model	31/12/2021	17/06/2022	24/06/2022	French	PDF
Abridged model	31/12/2020	18/06/2021	21/06/2021	French	PDF
Abridged model	31/12/2019	19/06/2020	22/06/2020	French	PDF
Abridged model	31/12/2018	21/06/2019	24/06/2019	French	PDF
Abridged model	31/12/2017	15/06/2018	18/06/2018	French	PDF
Abridged model	31/12/2016	16/06/2017	20/06/2017	French	PDF
Abridged model	31/12/2015	17/06/2016	20/06/2016	French	PDF
Abridged model	31/12/2014	19/06/2015	24/06/2015	French	PDF
Abridged model	31/12/2013	20/06/2014	24/06/2014	French	PDF
Abridged model	31/12/2012	21/06/2013	26/06/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	18/06/2012	French	PDF
Abridged model	31/12/2010	17/06/2011	23/06/2011	French	PDF
Abridged model	31/12/2009	18/06/2010	21/06/2010	French	PDF
Abridged model	31/12/2008	19/06/2009	26/06/2009	French	PDF
Abridged model	31/12/2007	19/06/2008	24/06/2008	French	PDF
Abridged model	31/12/2006	15/06/2007	22/06/2007	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 13 ended

Active mandates

Jean-Marie BODARWE

Managing director · since 17 juin 2022 · until 17 juin 2028

Active

Michel BODARWE

Chairman of the board of directors · since 17 juin 2022 · until 17 juin 2028

Active

Nathalie KÜPPER

Director · since 17 juin 2022 · until 17 juin 2028

Active

Ended mandates

Jean-Marie BODARWE

Managing director · since 16 juin 2016 · until 16 juin 2022

Ended

Michel BODARWE

Chairman of the board of directors · since 16 juin 2016 · until 16 juin 2022

Ended

Nathalie KÜPPER

Director · since 16 juin 2016 · until 16 juin 2022

Ended

Jean-Marie BODARWE

Managing director · since 18 juin 2010 · until 17 juin 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other28/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates13/01/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates19/10/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates01/07/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates15/07/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates04/07/2007
DEMISSIONS, NOMINATIONS
PDF
Mandates13/08/2004
DEMISSIONS, NOMINATIONS
PDF
Mandates29/09/2003
DEMISSIONS, NOMINATIONS
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 20255,9 k €↓
2024
Annual accounts 202429,8 k €↓
2023
Annual accounts 202357,4 k €↓
2022
Annual accounts 202299,7 k €↑
2021
Annual accounts 202129,1 k €↑
2020
Annual accounts 202010,3 k €↓
2019
Annual accounts 201943,6 k €↑
2018
Annual accounts 201815,3 k €↓
2017
Annual accounts 201719,5 k €↓
2016
Annual accounts 201627,7 k €↑
2015
Annual accounts 2015182,3 €↓
2014
Annual accounts 201489,7 k €↓
2013
Annual accounts 201396,6 k €↓
2012
Annual accounts 2012109 k €↑
2011
Annual accounts 201185,6 k €↑
2010
Annual accounts 201021,9 k €↑
2009
Annual accounts 2009-296,2 k €↓
2008
Annual accounts 200865 k €↑
2007
Annual accounts 200755 k €↓
2006
Annual accounts 200660 k €
20/06/1986
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

PROBEMAL

Overview

What does PROBEMAL do?

Trend over 20 financial years

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