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 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
Joint committees (3)
  • 144
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue25,7 M €17,3 M €16,4 M €––
EBITDA5 M €2,4 M €3 M €1,6 M €2,2 M €
Operating result4,2 M €1,8 M €2,4 M €1,1 M €1,7 M €
Net result3 M €1,1 M €1,6 M €761,7 k €1,3 M €
Balance sheet
Equity10,9 M €8,2 M €7,1 M €6,4 M €5,7 M €
Total assets25,1 M €18,5 M €16,8 M €14,6 M €11,8 M €
Cash1,8 M €2,3 M €1,8 M €1,5 M €1,6 M €
Debts14,1 M €10,2 M €9,5 M €8,1 M €6,1 M €
Other
Workforce13,6 ETP15,6 ETP15,9 ETP14,5 ETP13,1 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 · 20 ended

Active mandates

PHILIPPAERTS EXPORT

Director · since 12 décembre 2025 · 0872.414.436

Represented by Ludo Phillipaerts

Active
IV HERMANOS

Director · since 26 décembre 2024 · 1017.855.741

Represented by Olivier Philippaerts

Active
Veronique Engelen

Director · since 23 décembre 2014

Active

Ended mandates

NPH CAPITAL

Director · since 19 décembre 2023 · 0568.505.122

Represented by Nicola Philippaerts

Ended
OP EQUESTRIAN SERVICES

Director · since 19 décembre 2023 · 0568.501.954

Represented by Olivier Philippaerts

Ended
Ludo Philippaerts

Director · since 23 décembre 2014

Ended
Ludo Philippaerts

Managing director · since 23 décembre 2014

Ended

Other companies at this address

Oudsbergerweg 99 3670 Oudsbergen
CompanyCBE 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
202520242023202220212020
Type of accountFull modelFull modelFull modelAbridged modelAbridged modelAbridged 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 date01/06/202620/06/202527/06/202430/08/202331/08/202224/09/2021
General meeting30/05/202630/05/202520/06/202423/08/202325/08/202225/08/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/05/202601/06/2026DutchPDF
Full model31/12/202430/05/202520/06/2025DutchPDF
Full model31/12/202320/06/202427/06/2024DutchPDF
Abridged model31/12/202223/08/202330/08/2023DutchPDF
Abridged model31/12/202125/08/202231/08/2022DutchPDF
Abridged model31/12/202025/08/202124/09/2021DutchPDF
Abridged model31/12/201925/08/202031/08/2020DutchPDF
Abridged model31/12/201828/08/201906/09/2019DutchPDF
Abridged model31/12/201719/09/201825/09/2018DutchPDF
Abridged model31/12/201618/09/201728/09/2017DutchPDF
Abridged model31/12/201527/09/201630/09/2016DutchPDF
Abridged model31/12/201423/09/201530/09/2015DutchPDF
Abridged model31/12/201317/09/201430/09/2014DutchPDF
Abridged model31/12/201225/09/201303/10/2013DutchPDF
Abridged model31/12/201125/09/201227/09/2012DutchPDF
Abridged model31/12/201026/09/201129/09/2011DutchPDF
Abridged model31/12/200923/09/201029/09/2010DutchPDF
Abridged model31/12/200801/10/200913/10/2009DutchPDF
Abridged model31/12/200717/09/200829/09/2008DutchPDF
Abridged model31/12/200620/06/200709/07/2007DutchPDF

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 · 20 ended

Active mandates

PHILIPPAERTS EXPORT

Director · since 12 décembre 2025 · 0872.414.436

Represented by Ludo Phillipaerts

Active
IV HERMANOS

Director · since 26 décembre 2024 · 1017.855.741

Represented by Olivier Philippaerts

Active
Veronique Engelen

Director · since 23 décembre 2014

Active

Ended mandates

NPH CAPITAL

Director · since 19 décembre 2023 · 0568.505.122

Represented by Nicola Philippaerts

Ended
OP EQUESTRIAN SERVICES

Director · since 19 décembre 2023 · 0568.501.954

Represented by Olivier Philippaerts

Ended
Ludo Philippaerts

Director · since 23 décembre 2014

Ended
Ludo Philippaerts

Managing director · since 23 décembre 2014

Ended

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

  1. 2025
    Annual accounts 20253 M €↑
  2. 2024
    Annual accounts 20241,1 M €↓
  3. 2023
    Annual accounts 20231,6 M €↑
  4. 2022
    Annual accounts 2022761,7 k €↓
  5. 2021
    Annual accounts 20211,3 M €↑
  6. 2020
    Annual accounts 2020423,3 k €↑
  7. 2019
    Annual accounts 2019288,9 k €↓
  8. 2018
    Annual accounts 2018451,6 k €↓
  9. 2017
    Annual accounts 2017662,9 k €↑
  10. 2016
    Annual accounts 2016584,3 k €↑
  11. 2015
    Annual accounts 2015299,6 k €↑
  12. 2014
    Annual accounts 2014260,5 k €↑
  13. 2013
    Annual accounts 2013196,8 k €↓
  14. 2012
    Annual accounts 2012201 k €↑
  15. 2011
    Annual accounts 201159,2 k €↓
  16. 2010
    Annual accounts 201074,7 k €↓
  17. 2009
    Annual accounts 2009259,1 k €↑
  18. 2008
    Annual accounts 2008-5,5 k €↓
  19. 2007
    Annual accounts 20074,3 k €↓
  20. 2006
    Annual accounts 2006233,2 k €
  21. 12/09/1990
    IncorporationPrivate limited company