ACTIVE

GODIVA BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result-181,5 M €-174,9 %over 1 year

Revenue14,1 M €-13,9 %over 1 year

Equity513,2 M €-26,1 %over 1 year

Workforce25,0 ETP-24,0 %over 1 year

Identity

Source · BCE/KBO

GODIVA BELGIUM is a Private limited company incorporated in 1988. Its main activity is: Manufacture of cocoa, chocolate and sugar confectionery. Its registered office is in Anderlecht. It employs on average 25,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0435.002.438
Incorporation: 10/08/1988
Legal form: Private limited company
Registered office: Rue des Vétérinaires 42D
1070 Anderlecht · BruxellesSee on map
Contributed capital: 721 335 744,00 €
Latest accounts: 31/12/2025
Average workforce: 25,0 ETP

Activities (NACE)

10820Manufacture of cocoa, chocolate and sugar confectionery· main 10820Manufacture of cocoa, chocolate and sugar confectionery 15840Manufacture of leather and related products 46360Wholesale of sugar and chocolate and sugar confectionery 46360Wholesale of sugar and chocolate and sugar confectionery 47242Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores+1

Joint committees (2)

Signals

Solid equityLow riskGood liquidityHealthy social debtsHigh revenue

Financials

Source · NBB, 28 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	14,1 M €	-13.9%	16,3 M €	-19.1%	20,2 M €	+6.9%	18,9 M €	+0.8%	18,7 M €
EBITDA	-4 M €	+31.1%	-5,8 M €	+18.6%	-7,1 M €	+15.6%	-8,4 M €	+28.6%	-11,8 M €
Operating result	-5,9 M €	+16.4%	-7,1 M €	+29.9%	-10,1 M €	+23.3%	-13,1 M €	+22.2%	-16,9 M €
Net result	-181,5 M €	-175%	-66 M €	-635%	-9 M €	-30.9%	-6,9 M €	+19.6%	-8,5 M €
Balance sheet
Equity	513,2 M €	-26.1%	694,7 M €	-8.7%	760,7 M €	-1.2%	769,6 M €	-0.9%	776,5 M €
Total assets	581 M €	-22.6%	751 M €	-7.8%	814,3 M €	-0.2%	815,8 M €	+1.5%	804,1 M €
Cash	836,5 k €	-23.8%	1,1 M €	+43.2%	766,7 k €	+47.8%	518,6 k €	-56.9%	1,2 M €
Debts	66,9 M €	+19.9%	55,8 M €	+4.9%	53,2 M €	+16.2%	45,8 M €	+69.4%	27 M €
Other
Workforce	25,0 ETP	-24.0%	32,9 ETP	-28.9%	46,3 ETP	-2.1%	47,3 ETP	-6.3%	50,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 13 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Yahya Ulker	Directorsince 07/06/2025
Sridhar Ramamurthy	Directorsince 28/04/2025
Ali Ulker	Director26/07/2013 → 07/06/2025Manager26/07/2013 → 2018 accountsended
Murat Ulker	Directorsince 18/03/2008Manager18/03/2008 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ahmed Salman Amin	Director01/05/2023 → 2024 accounts
Hafize Nurtaç Afridi	Director02/10/2020 → 03/08/2023

Other companies at this address

Rue des Vétérinaires 42D 1070 Anderlecht

Company	CBE no.
TAMAWA● Active	0895.415.908

Full financial information

Source · NBB

	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	27/07/2026	27/06/2025	10/07/2024	25/07/2023	21/10/2022	29/12/2021
General meeting	30/06/2026	06/06/2025	17/06/2024	30/06/2023	17/10/2022	29/12/2021
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, 28 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	27/07/2026	French	PDF
Full model	31/12/2024	06/06/2025	27/06/2025	French	PDF
Full model	31/12/2023	17/06/2024	10/07/2024	French	PDF
Full model	31/12/2022	30/06/2023	25/07/2023	French	PDF
Full model	31/12/2021	17/10/2022	21/10/2022	French	PDF
Full model	31/12/2020	29/12/2021	29/12/2021	French	PDF
Full model	31/12/2019	30/11/2020	01/12/2020	French	PDF
Full model	31/12/2018	28/06/2019	06/08/2019	French	PDF
Full model	31/12/2017	31/07/2018	02/08/2018	French	PDF
Full model	31/12/2016	30/06/2017	30/06/2017	French	PDF
Consolidated accounts	31/12/2016	15/12/2017	19/01/2018	French	PDF
Full model	31/12/2015	03/06/2016	30/06/2016	French	PDF
Consolidated accounts	31/12/2015	26/10/2016	22/11/2016	French	PDF
Full model	31/12/2014	05/06/2015	17/06/2015	French	PDF
Consolidated accounts	31/12/2014	30/10/2015	02/11/2015	French	PDF
Full model	31/12/2013	06/06/2014	24/06/2014	French	PDF
Consolidated accounts	31/12/2013	19/08/2014	28/08/2014	French	PDF
Full model	31/12/2012	07/06/2013	24/06/2013	French	PDF
Consolidated accounts	31/12/2012	26/07/2013	29/07/2013	French	PDF
Full model	31/12/2011	01/06/2012	19/06/2012	French	PDF
Consolidated accounts	31/12/2011	05/07/2012	12/07/2012	French	PDF
Full model	31/12/2010	29/06/2011	18/07/2011	French	PDF
Consolidated accounts	31/12/2010	04/07/2011	18/07/2011	French	PDF
Full model	31/12/2009	29/06/2010	20/07/2010	French	PDF

View all 28 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 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

4 active · 13 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Yahya Ulker	Directorsince 07/06/2025
Sridhar Ramamurthy	Directorsince 28/04/2025
Ali Ulker	Director26/07/2013 → 07/06/2025Manager26/07/2013 → 2018 accountsended
Murat Ulker	Directorsince 18/03/2008Manager18/03/2008 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ahmed Salman Amin	Director01/05/2023 → 2024 accounts
Hafize Nurtaç Afridi	Director02/10/2020 → 03/08/2023

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates19/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates01/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates14/05/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates13/05/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates17/12/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates13/02/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates31/10/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates07/09/2023
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings17 filings

Mandates

Yahya Ulker

Sridhar Ramamurthy

Ali Ulker

Murat Ulker

Ahmed Salman Amin

Hafize Nurtaç Afridi

Virginie Dechamp-Costa

Brigitte Temmerman

Nadja Conickx

Annie Anli Young-Scrivner

Mohamed Elsarky

Clyde Morgan

Show the 5 other mandates

198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

GODIVA BELGIUM

Veeartsenstraat 42, 1070 Anderlecht

Director

DirectorManager

Director

DirectorManager

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue des Vétérinaires 42D, 1070 AnderlechtCurrent		CBE
Veeartsenstraat 42, 1070 Anderlecht	accounts 2021 → 2025	Accounts 2025 · 2026-00343094

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
GODIVA BELGIUMCurrent	accounts 2008 → 2025	Accounts 2025 · 2026-00343094

Events

2025
Annual accounts 2025-181,5 M €↓
18/11/2025
nominationJean-Louis Coiquaud · mandataire
07/06/2025
nominationYahya Ulker · administrateur
06/06/2025
reconductionPwC Bedrijfsrevisoren BV/PwC Réviseurs d'Entreprises SRL · commissaire
28/04/2025
nominationSridhar Ramamurthy · administrateur
15/01/2025
nominationDemirhan Tung · mandataire
2024
Annual accounts 2024-66 M €↓
30/09/2024
nominationSylvain Rousseau · représentant permanent du commissaire
15/01/2024
nominationDemirhan Tung · mandataire
2023
Annual accounts 2023-9 M €↓
31/05/2023
nominationAhmed Salman Amin · administrateur
20/05/2023
nominationHudson Carvalho Silveira · mandataire
2022
Annual accounts 2022-6,9 M €↑
17/10/2022
nominationPricewaterhouseCoopers Belgium BV · commissaire
2021
Annual accounts 2021-8,5 M €↑
2020
Annual accounts 2020-20,9 M €↓
2018
Annual accounts 201817,9 M €↑
2017
Annual accounts 201717,5 M €↑
2016
Annual accounts 201613,3 M €↑
2015
Annual accounts 20157,1 M €↑
2014
Annual accounts 20143,5 M €↓
2013
Annual accounts 201311,3 M €↓
2012
Annual accounts 201212,5 M €↑
2011
Annual accounts 20116,7 M €↑
2010
Annual accounts 2010739 k €↑
2009
Annual accounts 2009-5,1 M €↑
2008
Annual accounts 2008-10,8 M €
10/08/1988
IncorporationPrivate limited company

GODIVA 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

Registered offices

Company names

Events