ACTIVE

BDMO

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Financial year 2025 · closed on 31/12/2025

Net result

228,7 k €

+145.4% YoY

Revenue

10,4 M €

-0.3% YoY

Equity

669,4 k €

+51.9% YoY

Workforce

56,6 ETP

-1.2% YoY

What does BDMO do?

BDMO is a Public limited company incorporated in 1988. Its main activity is: Manufacture of paper and paperboard. Its registered office is in Tielt. It employs on average 56,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0433.157.656

Incorporation

28/01/1988

Legal form

Public limited company

Registered office

Ambachtenlaan 43
8760 Tielt · FlandreSee on map

Contributed capital

686 912,96 €

Latest accounts

31/12/2025

Average workforce

56,6 ETP

Activities (NACE)

17120Manufacture of paper and paperboard· main 17120Manufacture of paper and paperboard 21121Manufacture of basic pharmaceutical products 21122Manufacture of basic pharmaceutical products 46900Non-specialised wholesale trade 46900Non-specialised wholesale trade+1

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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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
Revenue	10,4 M €	-0.3%	10,4 M €	-9.0%	11,4 M €	-24.4%	15,1 M €	+44.9%	10,4 M €	+21.7%	8,6 M €	-21.3%	10,9 M €	+4.1%	10,5 M €	-3.0%	10,8 M €	+19.5%	9 M €	+0.0%	9 M €	+11.7%	8,1 M €	-12.4%	9,2 M €	-4.0%	9,6 M €	+4.9%	9,1 M €	+5.1%	8,7 M €	+0.3%	8,7 M €	-20.4%	10,9 M €	+11.4%	9,8 M €	+0.2%	9,8 M €
EBITDA	716,6 k €	+750%	84,3 k €	+123%	-360,3 k €	-159%	614,7 k €	+16.1%	529,6 k €	-13.6%	612,8 k €	-42.9%	1,1 M €	+19.0%	902,3 k €	+7.0%	843,2 k €	-11.6%	953,7 k €	-23.1%	1,2 M €	+621%	172 k €	-85.2%	1,2 M €	+5.7%	1,1 M €	+122%	493,8 k €	-13.4%	570,5 k €	-13.3%	657,8 k €	-35.9%	1 M €	-25.7%	1,4 M €	+8.2%	1,3 M €
Operating result	346,7 k €	+200%	-346,3 k €	+58.9%	-842,9 k €	-1727%	51,8 k €	+129%	-179,3 k €	-429%	-33,9 k €	-106%	524,8 k €	+52.5%	344,1 k €	+9.4%	314,6 k €	-23.3%	410,3 k €	-35.6%	637,2 k €	+428%	-194,6 k €	-168%	286,7 k €	-14.6%	335,6 k €	+325%	-148,9 k €	-207%	-48,4 k €	-241%	34,5 k €	-80.0%	171,9 k €	-56.2%	392,6 k €	+41.7%	277,1 k €
Net result	228,7 k €	+145%	-503,5 k €	+48.9%	-985 k €	-15122%	6,6 k €	+104%	-168,1 k €	-368%	-35,9 k €	-109%	399,4 k €	+77.7%	224,8 k €	+3.1%	218 k €	-18.1%	266,1 k €	-41.9%	457,8 k €	+340%	-190,5 k €	-211%	171,8 k €	-20.6%	216,3 k €	+3267%	-6,8 k €	-104%	186,5 k €	+482%	-48,8 k €	-146%	106,4 k €	-37.0%	168,9 k €	-52.7%	356,8 k €
Balance sheet
Equity	669,4 k €	+51.9%	440,8 k €	-53.3%	944,3 k €	-51.1%	1,9 M €	+0.3%	1,9 M €	-8.0%	2,1 M €	-1.7%	2,1 M €	+23.1%	1,7 M €	-0.3%	1,7 M €	+14.5%	1,5 M €	-1.3%	1,5 M €	+12.9%	1,4 M €	-26.6%	1,8 M €	+10.1%	1,7 M €	+14.2%	1,5 M €	-0.2%	1,5 M €	+13.8%	1,3 M €	-40.1%	2,2 M €	+6.9%	2 M €	+8.9%	1,9 M €
Total assets	5,8 M €	-0.0%	5,8 M €	-20.6%	7,3 M €	-27.5%	10,1 M €	+23.2%	8,2 M €	+14.1%	7,2 M €	+7.0%	6,7 M €	-8.6%	7,3 M €	+48.6%	4,9 M €	-7.5%	5,3 M €	+6.6%	5 M €	+2.6%	4,9 M €	-12.6%	5,6 M €	+5.1%	5,3 M €	-14.7%	6,2 M €	-4.5%	6,5 M €	-6.4%	7 M €	-4.6%	7,3 M €	-1.9%	7,5 M €	-4.3%	7,8 M €
Cash	146,6 k €	+6.4%	137,8 k €	-58.8%	334,7 k €	+0.1%	334,3 k €	+6.0%	315,3 k €	+55.8%	202,4 k €	-3.5%	209,6 k €	-0.9%	211,5 k €	+195%	71,7 k €	-81.7%	392,6 k €	+44.2%	272,3 k €	+3.1%	264 k €	+205%	86,7 k €	-21.5%	110,4 k €	-35.7%	171,7 k €	-40.8%	290 k €	+101%	144,3 k €	+194%	49,1 k €	+0.0%	49,1 k €	-75.9%	203,7 k €
Debts	5,1 M €	-4.3%	5,4 M €	-15.7%	6,4 M €	-21.6%	8,1 M €	+30.2%	6,2 M €	+22.8%	5,1 M €	+11.0%	4,6 M €	-18.0%	5,6 M €	+76.1%	3,2 M €	-16.4%	3,8 M €	+10.2%	3,4 M €	-0.7%	3,5 M €	-5.2%	3,7 M €	+3.9%	3,5 M €	-22.0%	4,5 M €	-7.5%	4,9 M €	-12.6%	5,6 M €	+12.3%	5 M €	-5.3%	5,2 M €	-8.1%	5,7 M €
Other
Workforce	56,6 ETP	-1.2%	57,3 ETP	-8.2%	62,4 ETP	-4.7%	65,5 ETP	+4.8%	62,5 ETP	-10.2%	69,6 ETP	+1.6%	68,5 ETP	+0.1%	68,4 ETP	+7.5%	63,6 ETP	+12.2%	56,7 ETP	+0.7%	56,3 ETP	-6.6%	60,3 ETP	+6.3%	56,7 ETP	+2.5%	55,3 ETP	-4.0%	57,6 ETP	+1.4%	56,8 ETP	-2.2%	58,1 ETP	-1.5%	59,0 ETP	+9.3%	54,0 ETP	+12.3%	48,1 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 · 36 ended

Active mandates

Emmanuel Buyck

Director · since 23 août 2024 · until 02 juin 2029

Active

DUCAJU

Chairman of the board of directors · since 28 août 2023 · until 02 juin 2029 · 0847.197.307

Represented by Geert Casselman

Active

INDUSTRIAL PACKAGING SOLUTIONS

Director · since 28 août 2023 · until 02 juin 2029 · 0476.025.916

Represented by Tom Du Caju

Active

Ended mandates

DUCAJU

Chairman of the board of directors · since 28 août 2023 · until 02 juin 2029 · 0847.197.307

Represented by Geert Casselman

Ended

DUCAJU

Managing director · since 28 août 2023 · until 01 juin 2029 · 0847.197.307

Represented by Geert Casselman

Ended

Ignaas Buyck

Director · since 28 août 2023 · until 23 août 2024

Ended

Ignaas Buyck

Director · since 28 août 2023 · until 01 juin 2029

Ended

At this address

Other companies at this address

Company	CBE no.
CREPRETO● Active	0670.666.710
DUCAJU● Active	0847.197.307
HELLYN● Active	0430.130.365
MIVOMAP● Active	0456.414.593

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	13/07/2026	25/07/2025	30/08/2024	31/08/2023	31/08/2022	27/08/2021
General meeting	30/06/2026	30/06/2025	23/08/2024	28/08/2023	30/06/2022	30/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	13/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	25/07/2025	Dutch	PDF
Full model	31/12/2023	23/08/2024	30/08/2024	Dutch	PDF
Full model	31/12/2022	28/08/2023	31/08/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	31/08/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	27/08/2021	Dutch	PDF
Full model	31/12/2019	21/08/2020	21/09/2020	Dutch	PDF
Full model	31/12/2018	22/06/2019	30/07/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	27/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	28/07/2017	Dutch	PDF
Full model	31/12/2015	04/06/2016	29/07/2016	Dutch	PDF
Full model	31/12/2014	06/06/2015	08/07/2015	Dutch	PDF
Full model	31/12/2013	28/06/2014	16/07/2014	Dutch	PDF
Full modelCorrection	31/12/2012	01/06/2013	10/09/2013	Dutch	PDF
Full model	31/12/2012	01/06/2013	28/08/2013	Dutch	PDF
Full model	31/12/2011	02/06/2012	29/08/2012	Dutch	PDF
Full model	31/12/2010	04/06/2011	26/07/2011	Dutch	PDF
Full model	31/12/2009	05/06/2010	29/07/2010	Dutch	PDF
Full model	31/12/2008	06/06/2009	20/07/2009	Dutch	PDF
Full model	31/12/2007	07/06/2008	21/08/2008	Dutch	PDF
Full model	31/12/2006	02/06/2007	24/07/2007	Dutch	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 · 36 ended

Active mandates

Emmanuel Buyck

Director · since 23 août 2024 · until 02 juin 2029

Active

DUCAJU

Chairman of the board of directors · since 28 août 2023 · until 02 juin 2029 · 0847.197.307

Represented by Geert Casselman

Active

INDUSTRIAL PACKAGING SOLUTIONS

Director · since 28 août 2023 · until 02 juin 2029 · 0476.025.916

Represented by Tom Du Caju

Active

Ended mandates

DUCAJU

Chairman of the board of directors · since 28 août 2023 · until 02 juin 2029 · 0847.197.307

Represented by Geert Casselman

Ended

DUCAJU

Managing director · since 28 août 2023 · until 01 juin 2029 · 0847.197.307

Represented by Geert Casselman

Ended

Ignaas Buyck

Director · since 28 août 2023 · until 23 août 2024

Ended

Ignaas Buyck

Director · since 28 août 2023 · until 01 juin 2029

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/09/2026
HERBENOEMING COMMISSARIS - VOLMACHT
PDF
Mandates05/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office17/03/2022
MAATSCHAPPELIJKE ZETEL
PDF
Other07/05/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
PDF
Mandates04/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/06/2020
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 2025228,7 k €↑
2024
Annual accounts 2024-503,5 k €↑
2023
Annual accounts 2023-985 k €↓
2022
Annual accounts 20226,6 k €↑
2021
Annual accounts 2021-168,1 k €↓
2020
Annual accounts 2020-35,9 k €↓
2019
Annual accounts 2019399,4 k €↑
2018
Annual accounts 2018224,8 k €↑
2017
Annual accounts 2017218 k €↓
2016
Annual accounts 2016266,1 k €↓
2015
Annual accounts 2015457,8 k €↑
2014
Annual accounts 2014-190,5 k €↓
2013
Annual accounts 2013171,8 k €↓
2012
Annual accounts 2012216,3 k €↑
2011
Annual accounts 2011-6,8 k €↓
2010
Annual accounts 2010186,5 k €↑
2009
Annual accounts 2009-48,8 k €↓
2008
Annual accounts 2008106,4 k €↓
2007
Annual accounts 2007168,9 k €↓
2006
Annual accounts 2006356,8 k €
28/01/1988
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

BDMO

Overview

What does BDMO 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