ACTIVE

KOPAL

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Financial year 2025 · closed on 31/12/2025

Net result

3,3 M €

+20.4% YoY

Revenue

26,7 M €

+8.0% YoY

Equity

13,3 M €

-11.9% YoY

Workforce

72,0 ETP

-0.3% YoY

What does KOPAL do?

KOPAL is a Public limited company incorporated in 1989. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Kortemark. It employs on average 72,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.419.601

Incorporation

20/12/1989

Legal form

Public limited company

Registered office

Ieperstraat 75A
8610 Kortemark · FlandreSee on map

Contributed capital

371 840,28 €

Latest accounts

31/12/2025

Average workforce

72,0 ETP

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines 01300Plant propagation 01500Mixed farming 01500Mixed farming+3

Joint committees (4)

111
11101
209
20900

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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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	26,7 M €	+8.0%	24,7 M €	-1.3%	25 M €	-8.4%	27,3 M €	+4.6%	26,1 M €	+16.1%	22,5 M €	-1.5%	22,8 M €	+3.2%	22,1 M €	+4.2%	21,2 M €	+7.9%	19,7 M €	+5.6%	18,6 M €	-0.7%	18,7 M €	+2.4%	18,3 M €	-1.8%	18,6 M €	-0.3%	18,7 M €	+10.2%	17 M €	-8.1%	18,5 M €	-19.5%	22,9 M €	+18.5%	19,3 M €	+17.7%	16,4 M €
EBITDA	4,3 M €	+9.5%	3,9 M €	+9.5%	3,6 M €	-12.8%	4,1 M €	+14.7%	3,6 M €	+33.6%	2,7 M €	-3.0%	2,8 M €	+21.5%	2,3 M €	-39.7%	3,8 M €	+49.4%	2,5 M €	+24.7%	2 M €	+12.9%	1,8 M €	-7.7%	1,9 M €	+9.4%	1,8 M €	-15.9%	2,1 M €	+1.3%	2,1 M €	-9.3%	2,3 M €	+3.9%	2,2 M €	+4.4%	2,1 M €	+8.6%	2 M €
Operating result	3,6 M €	+5.2%	3,5 M €	+18.7%	2,9 M €	-14.8%	3,4 M €	+11.0%	3,1 M €	+85.4%	1,7 M €	+34.7%	1,2 M €	+28.2%	962,4 k €	-68.8%	3,1 M €	+28.3%	2,4 M €	+44.9%	1,7 M €	+20.1%	1,4 M €	-7.2%	1,5 M €	+16.9%	1,3 M €	-20.8%	1,6 M €	+4.9%	1,5 M €	-11.6%	1,7 M €	+8.9%	1,6 M €	-0.3%	1,6 M €	+14.3%	1,4 M €
Net result	3,3 M €	+20.4%	2,8 M €	+152%	1,1 M €	-60.8%	2,8 M €	+29.4%	2,2 M €	+119%	994 k €	+60.3%	619,9 k €	-18.5%	760,8 k €	-75.4%	3,1 M €	+75.5%	1,8 M €	+39.1%	1,3 M €	+14.7%	1,1 M €	+3.4%	1,1 M €	+15.8%	922,5 k €	-11.8%	1 M €	-1.8%	1,1 M €	-10.1%	1,2 M €	+19.1%	995 k €	+4.0%	956,4 k €	+19.6%	799,8 k €
Balance sheet
Equity	13,3 M €	-11.9%	15,1 M €	+2.3%	14,8 M €	-5.7%	15,6 M €	+13.1%	13,8 M €	+3.2%	13,4 M €	-2.9%	13,8 M €	-5.3%	14,6 M €	-3.6%	15,1 M €	+25.7%	12 M €	+10.2%	10,9 M €	+5.0%	10,4 M €	+4.0%	10 M €	+3.3%	9,7 M €	+1.8%	9,5 M €	+12.3%	8,5 M €	+14.4%	7,4 M €	+19.1%	6,2 M €	+19.0%	5,2 M €	+22.4%	4,3 M €
Total assets	19,5 M €	+6.1%	18,3 M €	-1.2%	18,5 M €	-8.8%	20,3 M €	-7.7%	22 M €	+5.7%	20,8 M €	-4.8%	21,9 M €	+1.5%	21,6 M €	+6.5%	20,3 M €	+27.2%	15,9 M €	+12.0%	14,2 M €	+1.8%	14 M €	+1.7%	13,7 M €	-2.6%	14,1 M €	+5.3%	13,4 M €	+7.3%	12,5 M €	+12.2%	11,1 M €	-5.6%	11,8 M €	-3.4%	12,2 M €	+7.1%	11,4 M €
Cash	894,7 k €	-22.8%	1,2 M €	-20.0%	1,4 M €	+11.1%	1,3 M €	+70.2%	766,6 k €	-24.1%	1 M €	+45.6%	693,4 k €	+0.6%	689,3 k €	-27.6%	952,7 k €	+297%	240 k €	-80.9%	1,3 M €	-41.3%	2,1 M €	+422%	411,2 k €	-83.6%	2,5 M €	+353%	552,2 k €	-11.6%	624,5 k €	-55.2%	1,4 M €	+31.5%	1,1 M €	+59.9%	663 k €	-35.1%	1 M €
Debts	6,1 M €	+99.2%	3,1 M €	-15.0%	3,6 M €	-20.0%	4,5 M €	-42.7%	7,9 M €	+9.5%	7,2 M €	-8.2%	7,9 M €	+16.3%	6,8 M €	+37.9%	4,9 M €	+31.1%	3,7 M €	+16.1%	3,2 M €	-8.2%	3,5 M €	-4.4%	3,7 M €	-16.6%	4,4 M €	+13.6%	3,9 M €	-3.3%	4 M €	+9.9%	3,6 M €	-33.0%	5,4 M €	-20.7%	6,9 M €	-2.3%	7 M €
Other
Workforce	72,0 ETP	-0.3%	72,2 ETP	-6.0%	76,8 ETP	-2.3%	78,6 ETP	+3.0%	76,3 ETP	-3.8%	79,3 ETP	+4.3%	76,0 ETP	-1.7%	77,3 ETP	+6.3%	72,7 ETP	+2.8%	70,7 ETP	+1.6%	69,6 ETP	-1.8%	70,9 ETP	+7.6%	65,9 ETP	-1.2%	66,7 ETP	-5.9%	70,9 ETP	0.0%	70,9 ETP	-3.1%	73,2 ETP	-0.8%	73,8 ETP	+6.0%	69,6 ETP	+7.2%	64,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 33 ended

Active mandates

El Golfo

Director · since 31 mai 2025 · until 31 mai 2031 · 0688.560.141

Represented by Tony Talpe

Active

Lemahieu Marc

Director · since 31 mai 2025 · until 31 mai 2031

Active

TELESCO

Managing director · since 31 mai 2025 · until 31 mai 2031 · 0896.148.356

Represented by Stefaan Talpe

Active

Tumbaoo

Director · since 31 mai 2025 · until 31 mai 2031 · 0688.560.240

Represented by Stefan Talpe

Active

Ended mandates

El Golfo

Director · since 27 décembre 2019 · until 31 mai 2025 · 0688.560.141

Represented by Talpe TONY

Ended

Marc Lemahieu

Director · since 27 décembre 2019 · until 31 mai 2025

Ended

MARC LEMAHIEU

Director · since 27 décembre 2019 · until 31 mai 2021

Ended

TELESCO

Director · since 27 décembre 2019 · until 31 mai 2025 · 0896.148.356

Represented by Talpe STEFAAN

Ended

At this address

Other companies at this address

Company	CBE no.
ALDIAL● Active	0441.636.941

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	03/06/2026	01/07/2025	01/07/2024	01/07/2024	01/07/2024	20/05/2022
General meeting	30/05/2026	31/05/2025	25/05/2024	27/05/2023	28/05/2022	29/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/05/2026	03/06/2026	Dutch	PDF
Full model	31/12/2024	31/05/2025	01/07/2025	Dutch	PDF
Full model	31/12/2023	25/05/2024	01/07/2024	Dutch	PDF
Full model	31/12/2022	27/05/2023	01/07/2024	Dutch	PDF
Full model	31/12/2021	28/05/2022	01/07/2024	Dutch	PDF
Full model	31/12/2020	29/05/2021	20/05/2022	Dutch	PDF
Full model	31/12/2019	15/05/2020	15/05/2020	Dutch	PDF
Full model	31/12/2018	01/06/2019	15/05/2020	Dutch	PDF
Full model	31/12/2017	14/06/2018	15/05/2020	Dutch	PDF
Full model	31/12/2016	29/06/2017	15/05/2020	Dutch	PDF
Full model	31/12/2015	08/07/2016	01/03/2019	Dutch	PDF
Full model	31/12/2014	30/05/2015	17/06/2015	Dutch	PDF
Full model	31/12/2013	05/07/2014	12/07/2014	Dutch	PDF
Full model	31/12/2012	13/07/2013	26/08/2013	Dutch	PDF
Full model	31/12/2011	15/07/2012	22/08/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	27/07/2011	Dutch	PDF
Full model	31/12/2009	29/05/2010	11/06/2010	Dutch	PDF
Full model	31/12/2008	30/05/2009	31/07/2009	Dutch	PDF
Full model	31/12/2007	31/05/2008	02/07/2008	Dutch	PDF
Full model	31/12/2006	26/05/2007	03/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 4 active · 33 ended

Active mandates

El Golfo

Director · since 31 mai 2025 · until 31 mai 2031 · 0688.560.141

Represented by Tony Talpe

Active

Lemahieu Marc

Director · since 31 mai 2025 · until 31 mai 2031

Active

TELESCO

Managing director · since 31 mai 2025 · until 31 mai 2031 · 0896.148.356

Represented by Stefaan Talpe

Active

Tumbaoo

Director · since 31 mai 2025 · until 31 mai 2031 · 0688.560.240

Represented by Stefan Talpe

Active

Ended mandates

El Golfo

Director · since 27 décembre 2019 · until 31 mai 2025 · 0688.560.141

Represented by Talpe TONY

Ended

Marc Lemahieu

Director · since 27 décembre 2019 · until 31 mai 2025

Ended

MARC LEMAHIEU

Director · since 27 décembre 2019 · until 31 mai 2021

Ended

TELESCO

Director · since 27 décembre 2019 · until 31 mai 2025 · 0896.148.356

Represented by Talpe STEFAAN

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/12/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other28/07/2017
DOEL
PDF
Mandates30/06/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/01/2015
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 20253,3 M €↑
2024
Annual accounts 20242,8 M €↑
2023
Annual accounts 20231,1 M €↓
2022
Annual accounts 20222,8 M €↑
2021
Annual accounts 20212,2 M €↑
2020
Annual accounts 2020994 k €↑
2019
Annual accounts 2019619,9 k €↓
2018
Annual accounts 2018760,8 k €↓
2017
Annual accounts 20173,1 M €↑
2016
Annual accounts 20161,8 M €↑
2015
Annual accounts 20151,3 M €↑
2014
Annual accounts 20141,1 M €↑
2013
Annual accounts 20131,1 M €↑
2012
Annual accounts 2012922,5 k €↓
2011
Annual accounts 20111 M €↓
2010
Annual accounts 20101,1 M €↓
2009
Annual accounts 20091,2 M €↑
2008
Annual accounts 2008995 k €↑
2007
Annual accounts 2007956,4 k €↑
2006
Annual accounts 2006799,8 k €
20/12/1989
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

KOPAL

Overview

What does KOPAL 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