ACTIVE

RAMENCONSTRUCTIE CORSWAREM

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Financial year 2025 · closed on 31/12/2025

Net result

691,1 k €

-64.0% YoY

Gross margin

2,4 M €

-37.9% YoY

Equity

2,2 M €

+44.4% YoY

Workforce

18,4 ETP

+5.7% YoY

What does RAMENCONSTRUCTIE CORSWAREM do?

RAMENCONSTRUCTIE CORSWAREM is a Public limited company incorporated in 1988. Its registered office is in Tongeren-Borgloon. It employs on average 18,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.283.945

Incorporation

13/05/1988

Legal form

Public limited company

Registered office

Vrijheidweg 1
3700 Tongeren-Borgloon · FlandreSee on map

Contributed capital

252 500,00 €

Latest accounts

31/12/2025

Average workforce

18,4 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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
Gross margin	2,4 M €	-37.9%	3,8 M €	-28.1%	5,3 M €	+16.3%	4,6 M €	+56.4%	2,9 M €	+0.1%	2,9 M €	-18.1%	3,6 M €	-2.9%	3,7 M €	+34.4%	2,7 M €	+22.2%	2,2 M €	-12.4%	2,5 M €	+48.1%	1,7 M €	-21.6%	2,2 M €	+13.7%	1,9 M €	+6.7%	1,8 M €	-25.0%	2,4 M €	-9.8%	2,7 M €	-10.2%	3 M €	+8.4%	2,7 M €	+45.9%	1,9 M €
EBITDA	1,1 M €	-58.8%	2,7 M €	-36.7%	4,3 M €	+21.4%	3,5 M €	+75.4%	2 M €	-0.8%	2 M €	-21.4%	2,6 M €	+1.2%	2,5 M €	+49.5%	1,7 M €	+42.6%	1,2 M €	-17.3%	1,4 M €	+115%	667 k €	-47.6%	1,3 M €	+16.9%	1,1 M €	+6.0%	1 M €	-27.5%	1,4 M €	-5.1%	1,5 M €	-20.5%	1,9 M €	+12.1%	1,7 M €	+62.7%	1 M €
Operating result	907,1 k €	-64.2%	2,5 M €	-27.0%	3,5 M €	+6.7%	3,3 M €	+69.6%	1,9 M €	+21.5%	1,6 M €	-20.4%	2 M €	-4.6%	2,1 M €	+52.1%	1,4 M €	+65.5%	824,4 k €	-20.9%	1 M €	+226%	319,3 k €	-61.1%	821 k €	+20.9%	678,9 k €	-0.5%	682,1 k €	-34.9%	1 M €	-1.5%	1,1 M €	-28.8%	1,5 M €	+11.0%	1,3 M €	+95.9%	687 k €
Net result	691,1 k €	-64.0%	1,9 M €	-26.4%	2,6 M €	+6.8%	2,4 M €	+69.7%	1,4 M €	+22.2%	1,2 M €	-17.0%	1,4 M €	-3.6%	1,5 M €	+62.3%	906,8 k €	+81.3%	500,1 k €	-34.5%	763,5 k €	+170%	282,3 k €	-60.0%	705,7 k €	+31.9%	535,1 k €	-71.4%	1,9 M €	+165%	706,6 k €	-6.1%	752,6 k €	-27.3%	1 M €	+14.8%	901,7 k €	+92.4%	468,6 k €
Balance sheet
Equity	2,2 M €	+44.4%	1,6 M €	-36.1%	2,4 M €	+4.7%	2,3 M €	-2.4%	2,4 M €	+16.5%	2 M €	-17.1%	2,5 M €	-24.0%	3,3 M €	+16.9%	2,8 M €	+48.4%	1,9 M €	-42.8%	3,3 M €	+30.3%	2,5 M €	+12.6%	2,2 M €	-23.7%	2,9 M €	+22.4%	2,4 M €	-5.1%	2,5 M €	+0.3%	2,5 M €	-28.4%	3,5 M €	+41.8%	2,5 M €	+25.4%	2 M €
Total assets	3,2 M €	+12.8%	2,8 M €	-29.7%	4 M €	+19.3%	3,4 M €	+3.7%	3,3 M €	-28.1%	4,5 M €	+35.6%	3,3 M €	-36.7%	5,3 M €	+27.8%	4,1 M €	+44.1%	2,9 M €	-40.9%	4,8 M €	+31.4%	3,7 M €	-3.5%	3,8 M €	-15.7%	4,5 M €	+15.4%	3,9 M €	-6.1%	4,2 M €	-9.8%	4,6 M €	+1.1%	4,6 M €	+28.4%	3,6 M €	+2.3%	3,5 M €
Cash	463,6 k €	+205%	152 k €	-34.1%	230,5 k €	-53.9%	499,8 k €	+121%	226,3 k €	-91.6%	2,7 M €	+206%	880,4 k €	-71.8%	3,1 M €	+87.5%	1,7 M €	+132%	718,2 k €	-28.9%	1 M €	+90.6%	529,6 k €	-63.8%	1,5 M €	+41.3%	1 M €	-48.6%	2 M €	-28.2%	2,8 M €	+56.4%	1,8 M €	-19.6%	2,2 M €	+63.6%	1,4 M €	+128%	599,8 k €
Debts	497,3 k €	-30.3%	713,8 k €	-23.7%	935,5 k €	+3.2%	906,2 k €	+26.3%	717,3 k €	-64.4%	2 M €	+474%	351,2 k €	-76.4%	1,5 M €	+90.0%	785 k €	+58.3%	496 k €	-47.3%	940,4 k €	+79.8%	523,1 k €	-38.1%	845,5 k €	+10.4%	766 k €	+21.2%	632,1 k €	-57.4%	1,5 M €	-27.6%	2,1 M €	+90.7%	1,1 M €	-1.8%	1,1 M €	-27.8%	1,5 M €
Other
Workforce	18,4 ETP	+5.7%	17,4 ETP	+0.6%	17,3 ETP	-3.4%	17,9 ETP	+14.0%	15,7 ETP	-3.1%	16,2 ETP	-9.0%	17,8 ETP	+10.6%	16,1 ETP	+15.0%	14,0 ETP	-18.6%	17,2 ETP	-1.1%	17,4 ETP	-4.9%	18,3 ETP	+5.2%	17,4 ETP	+0.6%	17,3 ETP	-1.1%	17,5 ETP	-10.7%	19,6 ETP	-14.0%	22,8 ETP	-9.5%	25,2 ETP	-2.3%	25,8 ETP	+23.4%	20,9 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 · 2 active · 22 ended

Active mandates

JDC GROEP

Managing director · since 01 juillet 2024 · until 30 juin 2030 · 0739.849.088

Represented by Corswarem Dirk

Active

GROEP ADC

Managing director · since 30 novembre 2023 · until 29 novembre 2029 · 0889.701.717

Represented by Corswarem An

Active

Ended mandates

An Corswarem

Director · since 30 novembre 2023 · until 29 novembre 2029

Ended

GROEP ADC

Director · since 30 novembre 2023 · until 29 novembre 2029 · 0889.701.717

Represented by Dirk Corswarem

Ended

GROEP ADC

Director · since 28 juin 2019 · until 28 juin 2025 · 0889.701.717

Represented by Dirk Corswarem

Ended

GROEP ADC

Managing director · since 28 juin 2019 · until 28 juin 2025 · 0889.701.717

Represented by Dirk Corswarem

Ended

At this address

Other companies at this address

Company	CBE no.
ADC SOLAR CORSWAREM● Active	0898.923.447
ALU DESIGN CORSWAREM● Active	0862.623.572
Corswarem Group● Active	1037.022.545
Corswarem-Hermans TM● Active	0795.192.637
GROEP ADC● Active	0889.701.717

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	16/06/2026	11/07/2025	11/07/2024	21/06/2023	06/07/2022	28/06/2021
General meeting	01/06/2026	02/06/2025	24/06/2024	05/06/2023	07/06/2022	07/06/2021
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

39 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	16/06/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	11/07/2025	Dutch	PDF
Abridged model	31/12/2023	24/06/2024	11/07/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	21/06/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	06/07/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	23/06/2020	07/07/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	01/07/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	24/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	30/07/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	11/07/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	16/07/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	18/07/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	15/07/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	28/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	22/07/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	21/06/2007	Dutch	PDF
Abridged model	31/12/2005	05/06/2006	09/08/2006	Dutch	PDF
Abridged model	31/12/2004	06/06/2005	14/06/2005	Dutch	PDF
Full model	31/12/2003	22/04/2004	13/05/2004	Dutch	PDF
Full model	31/12/2002	02/06/2003	15/07/2003	Dutch	PDF

View all 39 filings

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 · 2 active · 22 ended

Active mandates

JDC GROEP

Managing director · since 01 juillet 2024 · until 30 juin 2030 · 0739.849.088

Represented by Corswarem Dirk

Active

GROEP ADC

Managing director · since 30 novembre 2023 · until 29 novembre 2029 · 0889.701.717

Represented by Corswarem An

Active

Ended mandates

An Corswarem

Director · since 30 novembre 2023 · until 29 novembre 2029

Ended

GROEP ADC

Director · since 30 novembre 2023 · until 29 novembre 2029 · 0889.701.717

Represented by Dirk Corswarem

Ended

GROEP ADC

Director · since 28 juin 2019 · until 28 juin 2025 · 0889.701.717

Represented by Dirk Corswarem

Ended

GROEP ADC

Managing director · since 28 juin 2019 · until 28 juin 2025 · 0889.701.717

Represented by Dirk Corswarem

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/12/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/09/2013
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/01/2012
KAPITAAL - AANDELEN
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 2025691,1 k €↓
2024
Annual accounts 20241,9 M €↓
2023
Annual accounts 20232,6 M €↑
2022
Annual accounts 20222,4 M €↑
2021
Annual accounts 20211,4 M €↑
2020
Annual accounts 20201,2 M €↓
2019
Annual accounts 20191,4 M €↓
2018
Annual accounts 20181,5 M €↑
2017
Annual accounts 2017906,8 k €↑
2016
Annual accounts 2016500,1 k €↓
2015
Annual accounts 2015763,5 k €↑
2014
Annual accounts 2014282,3 k €↓
2013
Annual accounts 2013705,7 k €↑
2012
Annual accounts 2012535,1 k €↓
2011
Annual accounts 20111,9 M €↑
2010
Annual accounts 2010706,6 k €↓
2009
Annual accounts 2009752,6 k €↓
2008
Annual accounts 20081 M €↑
2007
Annual accounts 2007901,7 k €↑
2006
Annual accounts 2006468,6 k €
13/05/1988
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

RAMENCONSTRUCTIE CORSWAREM

Overview

What does RAMENCONSTRUCTIE CORSWAREM 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