ACTIVE

THE BELGIAN CITADEL

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Financial year 2025 · Closed on 31/12/2025

Net result31,3 k €-24,1 %over 1 year

Gross margin98,2 k €-2,2 %over 1 year

Equity663,8 k €+4,9 %over 1 year

Identity

Source · BCE/KBO

THE BELGIAN CITADEL is a Public limited company incorporated in 1990. Its registered office is in Wortegem-Petegem.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0440.955.565
Incorporation: 22/05/1990
Legal form: Public limited company
Registered office: Waregemseweg (W.) 154
9790 Wortegem-Petegem · FlandreSee on map
Contributed capital: 300 199,05 €
Latest accounts: 31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	98,2 k €	-2.2%	100,4 k €	+98.7%	50,5 k €	+138%	21,2 k €	-26.7%	28,9 k €
EBITDA	93,2 k €	-2.4%	95,5 k €	+109%	45,8 k €	+173%	16,8 k €	-29.1%	23,6 k €
Operating result	40,1 k €	-2.1%	40,9 k €	+92.0%	21,3 k €	+64.3%	13 k €	-1.9%	13,2 k €
Net result	31,3 k €	-24.1%	41,2 k €	+58.8%	26 k €	-91.9%	322,4 k €	+2389%	13 k €
Balance sheet
Equity	663,8 k €	+4.9%	632,5 k €	+7.0%	591,3 k €	+4.6%	565,3 k €	+133%	242,9 k €
Total assets	767,9 k €	+4.0%	738,1 k €	+6.5%	692,7 k €	+3.4%	670 k €	+176%	243,1 k €
Cash	85,2 k €	+36.9%	62,2 k €	+5.7%	58,8 k €	-71.9%	209,2 k €	+122%	94,4 k €
Debts	26,2 k €	+51.2%	17,4 k €	+496%	2,9 k €	+111%	1,4 k €	+667%	180 €

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 10 ended

Active mandates

HANS DELMULLE

Managing director

Active

Nathan Delmulle

Managing director

Active

Rik Delmulle

Managing director

Active

Ended mandates

Nathan Delmulle

Managing director · since 26 août 2022

Ended

HANS DELMULLE

Managing director · since 21 juin 2013 · until 17 mai 2019

Ended

RIK DELMULLE

Managing director · since 21 juin 2013 · until 17 mai 2019

Ended

Dirk Gheysens

Director · since 20 mai 2011 · until 19 mai 2017

Ended

Other companies at this address

Waregemseweg (W.) 154 9790 Wortegem-Petegem

Company	CBE no.
CANDEIAS● Active	0446.655.997
FRENICO● Active	0451.441.166
GLD IMMO● Active	0641.628.571
HAVANI● Active	0703.892.277
MIRA● Active	0444.911.185

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	12/06/2026	15/06/2025	16/06/2024	30/05/2023	02/06/2022	16/06/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	15/05/2026	12/06/2026	Dutch	PDF
Micro model	31/12/2024	16/05/2025	15/06/2025	Dutch	PDF
Micro model	31/12/2023	17/05/2024	16/06/2024	Dutch	PDF
Micro model	31/12/2022	19/05/2023	30/05/2023	Dutch	PDF
Micro model	31/12/2021	20/05/2022	02/06/2022	French	PDF
Micro model	31/12/2020	21/05/2021	16/06/2021	French	PDF
Micro model	31/12/2019	15/05/2020	22/06/2020	French	PDF
Micro model	31/12/2018	17/05/2019	25/06/2019	French	PDF
Micro model	31/12/2017	18/05/2018	22/06/2018	French	PDF
Abridged model	31/12/2016	19/05/2017	28/06/2017	French	PDF
Abridged model	31/12/2015	20/05/2016	28/06/2016	French	PDF
Abridged model	31/12/2014	15/05/2015	14/07/2015	French	PDF
Abridged model	31/12/2013	16/05/2014	09/07/2014	French	PDF
Abridged model	31/12/2012	17/05/2013	28/05/2013	French	PDF
Abridged model	31/12/2011	18/05/2012	07/06/2012	French	PDF
Abridged model	31/12/2010	20/05/2011	12/07/2011	French	PDF
Abridged model	31/12/2009	21/05/2010	26/07/2010	French	PDF
Abridged model	31/12/2008	15/05/2009	23/07/2009	French	PDF
Abridged model	31/12/2007	16/05/2008	25/08/2008	French	PDF
Abridged model	31/12/2006	18/05/2007	24/08/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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

3 active · 10 ended

Active mandates

HANS DELMULLE

Managing director

Active

Nathan Delmulle

Managing director

Active

Rik Delmulle

Managing director

Active

Ended mandates

Nathan Delmulle

Managing director · since 26 août 2022

Ended

HANS DELMULLE

Managing director · since 21 juin 2013 · until 17 mai 2019

Ended

RIK DELMULLE

Managing director · since 21 juin 2013 · until 17 mai 2019

Ended

Dirk Gheysens

Director · since 20 mai 2011 · until 19 mai 2017

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates20/09/2022
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office12/09/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates10/09/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates31/05/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates10/07/2013
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates28/12/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates21/10/2005
MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
PDF
Mandates22/07/2005
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 202531,3 k €↓
2024
Annual accounts 202441,2 k €↑
2023
Annual accounts 202326 k €↓
2022
Annual accounts 2022322,4 k €↑
2021
Annual accounts 202113 k €↑
2020
Annual accounts 20206,1 k €↑
2019
Annual accounts 20194,8 k €↓
2018
Annual accounts 201821,3 k €↑
2017
Annual accounts 201718,7 k €↑
2016
Annual accounts 201616,2 k €↑
2015
Annual accounts 201513,9 k €↓
2014
Annual accounts 201423,7 k €↑
2013
Annual accounts 2013-5,9 k €↓
2012
Annual accounts 201219 k €↑
2011
Annual accounts 2011-20,8 k €↓
2010
Annual accounts 2010-15 k €↑
2009
Annual accounts 2009-23,8 k €↓
2008
Annual accounts 2008-12,9 k €↑
2007
Annual accounts 2007-23,1 k €↑
2006
Annual accounts 2006-28,7 k €
22/05/1990
IncorporationPublic limited company

THE BELGIAN CITADEL

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