ACTIVE

RDW

Financial year 2025 · closed on 31/12/2025
Net result
596,5 k €
+473.9% YoY
Gross margin
38,9 k €
+163.8% YoY
Equity
14,6 M €
+4.3% YoY

What does RDW do?

RDW is a Public limited company incorporated in 1989. Its main activity is: Retail sale of second-hand goods in stores. Its registered office is in Nazareth-De Pinte.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0438.458.113
Incorporation
18/09/1989
Legal form
Public limited company
Registered office
Oudenaardseheerweg 129
9810 Nazareth-De Pinte · FlandreSee on map
Contributed capital
14 861 583,58 €
Latest accounts
31/12/2025
Joint committees (2)
  • 100
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin38,9 k €-61 k €-111,6 k €-108 k €1,6 M €-114,8 k €-145,8 k €-156,5 k €-177,1 k €-136,1 k €-181,9 k €-73,8 k €619 k €2,9 M €-172,2 k €-233,8 k €1,1 M €392,1 k €1,6 M €486,2 k €
EBITDA-68,5 k €-211,1 k €-257,7 k €-276,6 k €1,5 M €-161,8 k €-190 k €-212 k €-268,1 k €-231,9 k €-291,2 k €-205,6 k €410,8 k €2,7 M €-351,9 k €-395,7 k €900,9 k €175,6 k €1,4 M €314,2 k €
Operating result-78,5 k €-218,4 k €-264,5 k €-282,1 k €1,2 M €-165,6 k €-193,7 k €-245 k €-299,3 k €-284,5 k €-314,8 k €-474 k €128,3 k €2,3 M €-834,5 k €-749,7 k €710,3 k €-13,6 k €1,2 M €167,6 k €
Net result596,5 k €-159,5 k €-200,4 k €-110,6 k €986,2 k €-139,9 k €-178,6 k €-235,8 k €-827,3 k €-278,3 k €-273,9 k €-327,5 k €340,8 k €2,1 M €-923,3 k €-843,6 k €752 k €93,6 k €1,2 M €90,4 k €
Balance sheet
Equity14,6 M €14 M €14,1 M €14,3 M €14,4 M €13,5 M €13,6 M €13,8 M €14 M €14,8 M €15,1 M €15,4 M €15,7 M €19,4 M €17,3 M €18,2 M €10 M €9,2 M €9,1 M €7,9 M €
Total assets14,6 M €14 M €14,2 M €14,4 M €14,5 M €13,5 M €13,8 M €13,8 M €14,1 M €14,9 M €15,2 M €15,5 M €15,9 M €19,7 M €18,6 M €18,3 M €16,5 M €20,5 M €18,4 M €15 M €
Cash133,3 k €156,7 k €164,1 k €249,4 k €1,7 M €278,2 k €508,6 k €697,5 k €2 M €2,2 M €2,6 M €5,4 M €4,3 M €3,6 M €126,6 k €1,7 M €282,2 k €981,4 k €100,2 k €972,5 k €
Debts3,9 k €39,4 k €45,9 k €52,2 k €43,7 k €82,8 k €170,3 k €62,8 k €69,6 k €50,4 k €52,2 k €59,7 k €185,3 k €335,1 k €1,3 M €110,1 k €6,5 M €11,3 M €9,2 M €7,1 M €
Other
Workforce0,6 ETP1,3 ETP1,6 ETP2,0 ETP1,9 ETP1,8 ETP2,5 ETP2,9 ETP2,9 ETP2,1 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 · 3 active · 13 ended

Active mandates

Bénédicte Dewulf

Director · since 05 mai 2017 · until 04 mai 2029

Active
David Dewulf

Director · since 05 mai 2017 · until 04 mai 2029

Active
Simon Dewulf

Director · since 05 mai 2017 · until 04 mai 2029

Active

Ended mandates

Bénédicte Dewulf

Director · since 05 mai 2017 · until 05 mai 2023

Ended
David Dewulf

Director · since 05 mai 2017 · until 05 mai 2023

Ended
Roland Dewulf

Managing director · since 05 mai 2017 · until 05 mai 2023

Ended
Roland Dewulf

Managing director · since 05 mai 2017 · until 27 mars 2025

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date04/06/202610/06/202517/06/202404/07/202321/06/202221/06/2021
General meeting09/03/202626/05/202510/06/202405/06/202307/06/202207/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202509/03/202604/06/2026DutchPDF
Micro model31/12/202426/05/202510/06/2025DutchPDF
Micro model31/12/202310/06/202417/06/2024DutchPDF
Micro model31/12/202205/06/202304/07/2023DutchPDF
Micro model31/12/202107/06/202221/06/2022DutchPDF
Micro model31/12/202007/06/202121/06/2021DutchPDF
Micro model31/12/201908/06/202007/07/2020DutchPDF
Micro model31/12/201811/06/201919/06/2019DutchPDF
Micro model31/12/201704/05/201804/06/2018DutchPDF
Micro model31/12/201605/05/201731/05/2017DutchPDF
Abridged model31/12/201506/05/201606/06/2016DutchPDF
Abridged model31/12/201404/05/201504/06/2015DutchPDF
Abridged model31/12/201302/05/201430/05/2014DutchPDF
Abridged model31/12/201203/05/201331/05/2013DutchPDF
Abridged model31/12/201104/05/201201/06/2012DutchPDF
Abridged model31/12/201006/05/201106/06/2011DutchPDF
Abridged model31/12/200907/05/201017/05/2010DutchPDF
Abridged model31/12/200801/05/200912/06/2009DutchPDF
Abridged model31/12/200702/05/200828/05/2008DutchPDF
Abridged model31/12/200604/05/200704/06/2007DutchPDF
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 · 3 active · 13 ended

Active mandates

Bénédicte Dewulf

Director · since 05 mai 2017 · until 04 mai 2029

Active
David Dewulf

Director · since 05 mai 2017 · until 04 mai 2029

Active
Simon Dewulf

Director · since 05 mai 2017 · until 04 mai 2029

Active

Ended mandates

Bénédicte Dewulf

Director · since 05 mai 2017 · until 05 mai 2023

Ended
David Dewulf

Director · since 05 mai 2017 · until 05 mai 2023

Ended
Roland Dewulf

Managing director · since 05 mai 2017 · until 05 mai 2023

Ended
Roland Dewulf

Managing director · since 05 mai 2017 · until 27 mars 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares10/06/2026
    KAPITAAL - AANDELEN
    PDF
  • Registered office25/11/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates14/12/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other10/05/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates19/06/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares09/10/2013
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office15/02/2013
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates12/09/2011
    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

Timeline

  1. 2025
    Annual accounts 2025596,5 k €
  2. 2024
    Annual accounts 2024-159,5 k €
  3. 2023
    Annual accounts 2023-200,4 k €
  4. 2022
    Annual accounts 2022-110,6 k €
  5. 2021
    Annual accounts 2021986,2 k €
  6. 2020
    Annual accounts 2020-139,9 k €
  7. 2019
    Annual accounts 2019-178,6 k €
  8. 2018
    Annual accounts 2018-235,8 k €
  9. 2017
    Annual accounts 2017-827,3 k €
  10. 2016
    Annual accounts 2016-278,3 k €
  11. 2015
    Annual accounts 2015-273,9 k €
  12. 2014
    Annual accounts 2014-327,5 k €
  13. 2013
    Annual accounts 2013340,8 k €
  14. 2012
    Annual accounts 20122,1 M €
  15. 2011
    Annual accounts 2011-923,3 k €
  16. 2010
    Annual accounts 2010-843,6 k €
  17. 2009
    Annual accounts 2009752 k €
  18. 2008
    Annual accounts 200893,6 k €
  19. 2007
    Annual accounts 20071,2 M €
  20. 2006
    Annual accounts 200690,4 k €
  21. 18/09/1989
    IncorporationPublic limited company