ACTIVE

PHILIPPAERTS - We Live Horses

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Financial year 2025 · Closed on 31/12/2025

Net result3 M €+167,9 %over 1 year

Revenue25,7 M €+48,5 %over 1 year

Equity10,9 M €+33,0 %over 1 year

Workforce13,6 ETP-12,8 %over 1 year

Identity

Source · BCE/KBO

PHILIPPAERTS - We Live Horses is a Private limited company incorporated in 1990. Its main activity is: Growing of tropical and subtropical fruits. Its registered office is in Oudsbergen. It employs on average 13,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0441.358.314
Incorporation: 12/09/1990
Legal form: Private limited company
Registered office: Oudsbergerweg 99
3670 Oudsbergen · FlandreSee on map
Contributed capital: 106 000,00 €
Latest accounts: 31/12/2025
Average workforce: 13,6 ETP

Activities (NACE)

01220Growing of tropical and subtropical fruits· main 01420Raising of other cattle and buffaloes 01430Raising of horses and other equines 01430Raising of horses and other equines 01620Support activities for animal production 01620Support activities for animal production+6

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	25,7 M €	+48.5%	17,3 M €	+5.7%	16,4 M €		–		–
EBITDA	5 M €	+107%	2,4 M €	-19.8%	3 M €	+84.4%	1,6 M €	-25.1%	2,2 M €
Operating result	4,2 M €	+132%	1,8 M €	-25.9%	2,4 M €	+119%	1,1 M €	-35.8%	1,7 M €
Net result	3 M €	+168%	1,1 M €	-31.8%	1,6 M €	+116%	761,7 k €	-40.5%	1,3 M €
Balance sheet
Equity	10,9 M €	+33.0%	8,2 M €	+15.8%	7,1 M €	+10.4%	6,4 M €	+13.4%	5,7 M €
Total assets	25,1 M €	+35.8%	18,5 M €	+10.1%	16,8 M €	+15.1%	14,6 M €	+23.2%	11,8 M €
Cash	1,8 M €	-21.7%	2,3 M €	+28.3%	1,8 M €	+17.7%	1,5 M €	-1.7%	1,6 M €
Debts	14,1 M €	+38.6%	10,2 M €	+6.5%	9,5 M €	+18.5%	8,1 M €	+32.2%	6,1 M €
Other
Workforce	13,6 ETP	-12.8%	15,6 ETP	-1.9%	15,9 ETP	+9.7%	14,5 ETP	+10.7%	13,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
PHILIPPAERTS EXPORT0872.414.436Represented by Ludo Phillipaerts	Directorsince 12/12/2025
IV HERMANOS1017.855.741Represented by Olivier Philippaerts	Directorsince 26/12/2024
Veronique Engelen	Directorsince 28/06/2006Manager23/12/2014 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
NPH CAPITAL0568.505.122Represented by Nicola Philippaerts	Director19/12/2023 → 2023 accounts
OP EQUESTRIAN SERVICES0568.501.954Represented by Olivier Philippaerts	Director19/12/2023 → 2023 accounts
Ludo Philippaerts	Director23/12/2014 → 2024 accountsManaging director23/12/2014 → 2021 accounts

Other companies at this address

Oudsbergerweg 99 3670 Oudsbergen

Company	CBE no.
AP INVESTMENTS● Active	1020.926.582
BELGISCH SPRINGPAARDENFONDS● Active	0842.354.235
IV HERMANOS● Active	1017.855.741
PHILIPPAERTS EXPORT● Active	0872.414.436
TP INVESTMENTS● Active	1020.928.661

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full 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	01/06/2026	20/06/2025	27/06/2024	30/08/2023	31/08/2022	24/09/2021
General meeting	30/05/2026	30/05/2025	20/06/2024	23/08/2023	25/08/2022	25/08/2021
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
Full model	31/12/2025	30/05/2026	01/06/2026	Dutch	PDF
Full model	31/12/2024	30/05/2025	20/06/2025	Dutch	PDF
Full model	31/12/2023	20/06/2024	27/06/2024	Dutch	PDF
Abridged model	31/12/2022	23/08/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	25/08/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	25/08/2021	24/09/2021	Dutch	PDF
Abridged model	31/12/2019	25/08/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	28/08/2019	06/09/2019	Dutch	PDF
Abridged model	31/12/2017	19/09/2018	25/09/2018	Dutch	PDF
Abridged model	31/12/2016	18/09/2017	28/09/2017	Dutch	PDF
Abridged model	31/12/2015	27/09/2016	30/09/2016	Dutch	PDF
Abridged model	31/12/2014	23/09/2015	30/09/2015	Dutch	PDF
Abridged model	31/12/2013	17/09/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	25/09/2013	03/10/2013	Dutch	PDF
Abridged model	31/12/2011	25/09/2012	27/09/2012	Dutch	PDF
Abridged model	31/12/2010	26/09/2011	29/09/2011	Dutch	PDF
Abridged model	31/12/2009	23/09/2010	29/09/2010	Dutch	PDF
Abridged model	31/12/2008	01/10/2009	13/10/2009	Dutch	PDF
Abridged model	31/12/2007	17/09/2008	29/09/2008	Dutch	PDF
Abridged model	31/12/2006	20/06/2007	09/07/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
PHILIPPAERTS EXPORT0872.414.436Represented by Ludo Phillipaerts	Directorsince 12/12/2025
IV HERMANOS1017.855.741Represented by Olivier Philippaerts	Directorsince 26/12/2024
Veronique Engelen	Directorsince 28/06/2006Manager23/12/2014 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
NPH CAPITAL0568.505.122Represented by Nicola Philippaerts	Director19/12/2023 → 2023 accounts
OP EQUESTRIAN SERVICES0568.501.954Represented by Olivier Philippaerts	Director19/12/2023 → 2023 accounts
Ludo Philippaerts	Director23/12/2014 → 2024 accountsManaging director23/12/2014 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates14/09/2026
Benoeming bedrijfsrevisor
PDF
Mandates27/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/01/2024
BENAMING - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares17/05/2018
BENAMING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/10/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/01/2015
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
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

Filings20 filings

Mandates

PHILIPPAERTS EXPORT

IV HERMANOS

Veronique Engelen

OP EQUESTRIAN SERVICES

NPH CAPITAL

Ludo Philippaerts

Olivier Philippaerts

Nicola Philippaerts

Johan Phiilippaerts

Johan Philippaerts

1990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

PHILIPPAERTS - We Live Horses

Oudsbergerweg 99, 3670 Oudsbergen

Director

DirectorManager

DirectorManagerManaging director

ManagerDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Oudsbergerweg 99, 3670 OudsbergenCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00130811

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
PHILIPPAERTS - We Live HorsesCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00130811

Events

2025
Annual accounts 20253 M €↑
2024
Annual accounts 20241,1 M €↓
2023
Annual accounts 20231,6 M €↑
2022
Annual accounts 2022761,7 k €↓
2021
Annual accounts 20211,3 M €↑
2020
Annual accounts 2020423,3 k €↑
2019
Annual accounts 2019288,9 k €↓
2018
Annual accounts 2018451,6 k €↓
2017
Annual accounts 2017662,9 k €↑
2016
Annual accounts 2016584,3 k €↑
2015
Annual accounts 2015299,6 k €↑
2014
Annual accounts 2014260,5 k €↑
2013
Annual accounts 2013196,8 k €↓
2012
Annual accounts 2012201 k €↑
2011
Annual accounts 201159,2 k €↓
2010
Annual accounts 201074,7 k €↓
2009
Annual accounts 2009259,1 k €↑
2008
Annual accounts 2008-5,5 k €↓
2007
Annual accounts 20074,3 k €↓
2006
Annual accounts 2006233,2 k €
12/09/1990
IncorporationPrivate limited company

PHILIPPAERTS - We Live Horses

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