FLANDERS
0433.185.073 · rovalta.com · 21/09/2026
ACTIVE
FLANDERS
Financial year 2025 · closed on 31/08/2025
Net result
91 k €
-52.0% YoY
Gross margin
254 k €
-53.3% YoY
Equity
1,1 M €
+8.7% YoY
Overview
What does FLANDERS do?
FLANDERS is a Public limited company incorporated in 1988. Its registered office is in Herzele.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0433.185.073
Incorporation
10/02/1988
Legal form
Public limited company
Registered office
Daalkouterlaan 1
9550 Herzele · FlandreSee on map
9550 Herzele · FlandreSee on map
Contributed capital
125 000,00 €
Latest accounts
31/08/2025
Joint committees (3)
- 14904
- 2000
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | 254 k € | -53.3% | 543,8 k € | +115% | 252,6 k € | +31.3% | 192,4 k € | -31.1% | 279,1 k € | +97.8% | 141,1 k € | +31.0% | 107,7 k € | +26.9% | 84,8 k € | -24.2% | 111,9 k € | -30.5% | 161,1 k € | -15.5% | 190,7 k € | -58.2% | 456,3 k € | +2026% | 21,5 k € | -92.1% | 271,2 k € | +147% | 109,6 k € | -7.7% | 118,7 k € | -44.5% | 213,8 k € | +31.2% | 163 k € | -10.5% | 182,2 k € |
| EBITDA | 120,9 k € | -68.8% | 387,1 k € | +268% | 105,1 k € | +87.2% | 56,2 k € | -68.5% | 178,1 k € | +238% | 52,7 k € | +645% | -9,7 k € | +70.3% | -32,6 k € | -276% | -8,7 k € | -119% | 44,8 k € | -43.1% | 78,7 k € | -77.7% | 352,8 k € | +515% | -84,9 k € | -152% | 164 k € | +1340% | 11,4 k € | -58.7% | 27,6 k € | -72.8% | 101,5 k € | +80.8% | 56,1 k € | -35.2% | 86,6 k € |
| Operating result | 148,9 k € | -53.8% | 322,4 k € | +154% | 126,9 k € | +989% | 11,6 k € | -93.2% | 172,3 k € | +191% | 59,3 k € | +413% | -18,9 k € | +67.6% | -58,4 k € | -218% | -18,4 k € | -546% | 4,1 k € | -84.4% | 26,4 k € | -92.0% | 332,4 k € | +618% | -64,2 k € | -149% | 130,4 k € | +324% | 30,7 k € | +9.8% | 28 k € | -38.2% | 45,3 k € | +7.0% | 42,3 k € | +39.5% | 30,3 k € |
| Net result | 91 k € | -52.0% | 189,8 k € | +183% | 67,1 k € | +134% | 28,7 k € | -77.6% | 128,3 k € | +156% | 50,2 k € | +680% | 6,4 k € | +35.1% | 4,8 k € | -52.0% | 9,9 k € | -16.9% | 11,9 k € | -28.1% | 16,6 k € | -94.4% | 296,9 k € | +1236% | -26,1 k € | -219% | 22,1 k € | +14.3% | 19,3 k € | -60.6% | 49 k € | -20.1% | 61,3 k € | +296% | 15,5 k € | -68.7% | 49,4 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 1,1 M € | +8.7% | 1 M € | +22.2% | 856,4 k € | +8.5% | 789,3 k € | +3.8% | 760,6 k € | +20.3% | 632,3 k € | +8.6% | 582,2 k € | +1.1% | 575,7 k € | +0.8% | 571 k € | +1.8% | 561 k € | +2.2% | 549,1 k € | +3.1% | 532,5 k € | +12.0% | 475,6 k € | -5.2% | 501,7 k € | +4.6% | 479,7 k € | +4.2% | 460,4 k € | +11.9% | 411,4 k € | +17.5% | 350,1 k € | +4.6% | 334,7 k € |
| Total assets | 1,4 M € | +0.6% | 1,4 M € | +11.2% | 1,2 M € | -4.6% | 1,3 M € | +35.6% | 945,1 k € | +1.3% | 933,4 k € | -23.2% | 1,2 M € | +43.6% | 846,9 k € | +15.8% | 731,5 k € | -41.6% | 1,3 M € | +18.9% | 1,1 M € | -2.3% | 1,1 M € | -6.0% | 1,1 M € | +27.4% | 900 k € | +3.2% | 871,9 k € | -5.0% | 917,8 k € | +17.9% | 778,7 k € | -2.6% | 799,8 k € | +1.5% | 787,8 k € |
| Cash | 160,6 k € | +75.2% | 91,7 k € | +63.6% | 56 k € | -79.9% | 278,6 k € | -10.9% | 312,8 k € | +61.4% | 193,8 k € | +239% | 57,2 k € | +105% | 27,9 k € | -75.9% | 115,9 k € | -12.6% | 132,6 k € | +9.8% | 120,8 k € | +96.2% | 61,6 k € | +29.4% | 47,6 k € | -73.0% | 176 k € | +145% | 71,7 k € | +261% | 19,9 k € | -43.5% | 35,2 k € | -48.6% | 68,4 k € | +45.0% | 47,1 k € |
| Debts | 229,3 k € | -26.6% | 312,5 k € | -14.4% | 365,3 k € | -25.7% | 491,8 k € | +167% | 184,5 k € | -38.6% | 300,2 k € | -52.6% | 633,2 k € | +135% | 269,2 k € | +73.9% | 154,8 k € | -77.5% | 688,1 k € | +44.0% | 477,8 k € | -11.6% | 540,7 k € | -18.9% | 666,5 k € | +68.9% | 394,6 k € | +1.4% | 389,2 k € | -14.0% | 452,4 k € | +24.6% | 363 k € | -17.7% | 441,3 k € | -1.0% | 445,6 k € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | – | – | 3,0 ETP | 0.0% | 3,0 ETP | 0.0% | 3,0 ETP | 0.0% | 3,0 ETP | 0.0% | 3,0 ETP | +3.4% | 2,9 ETP | 0.0% | 2,9 ETP | 0.0% | 2,9 ETP | +3.6% | 2,8 ETP | +3.7% | 2,7 ETP | -3.6% | 2,8 ETP | -3.4% | 2,9 ETP | -3.3% | 3,0 ETP | 0.0% | 3,0 ETP | 0.0% | 3,0 ETP | -14.3% | 3,5 ETP | -2.8% | 3,6 ETP | ||
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/08/2025 · 5 active · 10 ended
Active mandates
Guy Van De Sande
ActiveJean VAN DE SANDE
ActiveKathy ASSEZ
ActiveRonny Assez
ActiveWim Van De Sande
ActiveEnded mandates
GUY VAN DE SANDE
EndedJEAN VAN DE SANDE
EndedKATHY ASSEZ
EndedRONNY ASSEZ
EndedFinancials
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 | 01/09/2024 | 01/09/2023 | 01/09/2022 | 01/09/2021 | 01/09/2020 | 01/09/2019 |
| Closing of the financial year | 31/08/2025 | 31/08/2024 | 31/08/2023 | 31/08/2022 | 31/08/2021 | 31/08/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 10/03/2026 | 24/06/2025 | 24/06/2025 | 29/03/2023 | 28/03/2022 | 26/03/2021 |
| General meeting | 27/02/2026 | 28/02/2025 | 23/02/2024 | 24/02/2023 | 25/02/2022 | 26/02/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
22 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/08/2025 | 27/02/2026 | 10/03/2026 | Dutch | |
| Abridged modelCorrection | 31/08/2024 | 28/02/2025 | 24/06/2025 | Dutch | |
| Abridged model | 31/08/2024 | 28/02/2025 | 24/03/2025 | Dutch | |
| Abridged modelCorrection | 31/08/2023 | 23/02/2024 | 24/06/2025 | Dutch | |
| Abridged model | 31/08/2023 | 23/02/2024 | 07/03/2024 | Dutch | |
| Abridged model | 31/08/2022 | 24/02/2023 | 29/03/2023 | Dutch | |
| Abridged model | 31/08/2021 | 25/02/2022 | 28/03/2022 | Dutch | |
| Abridged model | 31/08/2020 | 26/02/2021 | 26/03/2021 | Dutch | |
| Abridged model | 31/08/2019 | 28/02/2020 | 26/03/2020 | Dutch | |
| Abridged model | 31/08/2018 | 22/02/2019 | 26/02/2019 | Dutch | |
| Abridged model | 31/08/2017 | 05/03/2018 | 06/03/2018 | Dutch | |
| Abridged model | 31/08/2016 | 14/02/2017 | 01/03/2017 | Dutch | |
| Abridged model | 31/08/2015 | 26/02/2016 | 29/02/2016 | Dutch | |
| Abridged model | 31/08/2014 | 13/03/2015 | 13/03/2015 | Dutch | |
| Abridged model | 31/08/2013 | 28/02/2014 | 31/03/2014 | Dutch | |
| Abridged model | 31/08/2012 | 22/02/2013 | 26/03/2013 | Dutch | |
| Abridged model | 31/08/2011 | 24/02/2012 | 27/03/2012 | Dutch | |
| Abridged model | 31/08/2010 | 25/02/2011 | 29/03/2011 | Dutch | |
| Abridged model | 31/08/2009 | 26/02/2010 | 04/03/2010 | Dutch | |
| Abridged model | 31/08/2008 | 28/02/2009 | 10/03/2009 | Dutch | |
| Abridged model | 31/08/2007 | 29/02/2008 | 03/03/2008 | Dutch | |
| Abridged model | 31/08/2006 | 23/02/2007 | 12/03/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 1 M€ and 2,5 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/08/2025 · 5 active · 10 ended
Active mandates
Guy Van De Sande
ActiveJean VAN DE SANDE
ActiveKathy ASSEZ
ActiveRonny Assez
ActiveWim Van De Sande
ActiveEnded mandates
GUY VAN DE SANDE
EndedJEAN VAN DE SANDE
EndedKATHY ASSEZ
EndedRONNY ASSEZ
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates12/12/2023ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
- Mandates21/04/2022ONTSLAGEN - BENOEMINGEN
- Mandates08/05/2015ONTSLAGEN - BENOEMINGEN
- Capital / shares10/12/2007KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates04/09/2006MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
- Mandates29/03/2004ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202591 k €↓
- 2024Annual accounts 2024189,8 k €↑
- 2023Annual accounts 202367,1 k €↑
- 2022Annual accounts 202228,7 k €↓
- 2021Annual accounts 2021128,3 k €↑
- 2020Annual accounts 202050,2 k €↑
- 2019Annual accounts 20196,4 k €↑
- 2018Annual accounts 20184,8 k €↓
- 2017Annual accounts 20179,9 k €↓
- 2016Annual accounts 201611,9 k €↓
- 2015Annual accounts 201516,6 k €↓
- 2014Annual accounts 2014296,9 k €↑
- 2013Annual accounts 2013-26,1 k €↓
- 2012Annual accounts 201222,1 k €↑
- 2011Annual accounts 201119,3 k €↓
- 2010Annual accounts 201049 k €↓
- 2009Annual accounts 200961,3 k €↑
- 2008Annual accounts 200815,5 k €↓
- 2007Annual accounts 200749,4 k €
- 10/02/1988IncorporationPublic limited company