ACTIVE

BOULANGERIE - PATISSERIE ARTISANALE GHEURY et Fils

Financial year 2025 · Closed on 30/06/2025

Net result22,9 k €-6,8 %over 1 year

Gross margin54,1 k €-18,0 %over 1 year

Equity126 k €+22,2 %over 1 year

Identity

Source · BCE/KBO

BOULANGERIE - PATISSERIE ARTISANALE GHEURY et Fils is a Private limited company incorporated in 1991. Its main activity is: Manufacture of bread; manufacture of fresh pastry goods and cakes. Its registered office is in Modave.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0443.783.413
Incorporation: 28/03/1991
Legal form: Private limited company
Registered office: Rue Rausa 3
4577 Modave · WallonieSee on map
Contributed capital: 75 000,01 €
Latest accounts: 30/06/2025

Activities (NACE)

10712Manufacture of bread; manufacture of fresh pastry goods and cakes· main 10712Manufacture of bread; manufacture of fresh pastry goods and cakes 15812Manufacture of leather and related products

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	54,1 k €	-18.0%	65,9 k €	-17.6%	80 k €	+10.5%	72,4 k €	+52.5%	47,5 k €
EBITDA	45,7 k €	-1.0%	46,2 k €	+1.7%	45,4 k €	+7.1%	42,4 k €	+39.0%	30,5 k €
Operating result	32,7 k €	-3.6%	33,9 k €	-1.4%	34,4 k €	+15.5%	29,8 k €	+78.8%	16,7 k €
Net result	22,9 k €	-6.8%	24,6 k €	-5.8%	26,1 k €	+5.6%	24,7 k €	+65.5%	14,9 k €
Balance sheet
Equity	126 k €	+22.2%	103,1 k €	+31.3%	78,5 k €	+49.7%	52,5 k €	+89.0%	27,8 k €
Total assets	172,8 k €	+0.7%	171,6 k €	+7.2%	160 k €	+20.9%	132,3 k €	+15.5%	114,6 k €
Cash	34,4 k €	+11.8%	30,8 k €	+108%	14,8 k €	+62.0%	9,2 k €	+996%	835,6 €
Debts	46,8 k €	-31.6%	68,5 k €	-16.0%	81,5 k €	+2.0%	79,9 k €	-8.0%	86,8 k €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period
ALAIN GHEURY	Directorsince 25/09/2023Managing director31/12/2002 → 14/12/2026ended
ERIC GHEURY	Directorsince 25/09/2023Managing director13/12/2004 → 11/12/2028ended
PATRICIA GALLI	Directorsince 31/12/2002

Ended mandates

Director	Mandates in this company	Period
JULES GHEURY	Director08/12/2014 → 14/12/2026
RAYMONDE WATHELET	Director08/12/2014 → 14/12/2026

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/01/2026	29/01/2025	18/12/2023	26/01/2023	16/12/2021	27/01/2021
General meeting	08/12/2025	09/12/2024	11/12/2023	12/12/2022	13/12/2021	14/12/2020
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	30/06/2025	08/12/2025	30/01/2026	French	PDF
Micro model	30/06/2024	09/12/2024	29/01/2025	French	PDF
Micro model	30/06/2023	11/12/2023	18/12/2023	French	PDF
Micro model	30/06/2022	12/12/2022	26/01/2023	French	PDF
Micro model	30/06/2021	13/12/2021	16/12/2021	French	PDF
Micro model	30/06/2020	14/12/2020	27/01/2021	French	PDF
Micro model	30/06/2019	09/12/2019	12/12/2019	French	PDF
Micro model	30/06/2018	10/12/2018	13/12/2018	French	PDF
Micro model	30/06/2017	11/12/2017	26/01/2018	French	PDF
Abridged model	30/06/2016	02/01/2017	27/01/2017	French	PDF
Abridged model	30/06/2015	04/01/2016	07/01/2016	French	PDF
Abridged model	30/06/2014	13/01/2015	29/01/2015	French	PDF
Abridged model	30/06/2013	10/02/2014	13/02/2014	French	PDF
Abridged model	30/06/2012	10/12/2012	11/02/2013	French	PDF
Abridged model	30/06/2011	12/01/2012	16/02/2012	French	PDF
Abridged model	30/06/2010	25/01/2011	16/02/2011	French	PDF
Abridged model	30/06/2009	14/12/2009	28/01/2010	French	PDF
Abridged model	30/06/2008	08/12/2008	09/02/2009	French	PDF
Abridged model	30/06/2007	26/12/2007	31/01/2008	French	PDF
Abridged model	30/06/2006	29/12/2006	29/01/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 30/06/2025

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period
ALAIN GHEURY	Directorsince 25/09/2023Managing director31/12/2002 → 14/12/2026ended
ERIC GHEURY	Directorsince 25/09/2023Managing director13/12/2004 → 11/12/2028ended
PATRICIA GALLI	Directorsince 31/12/2002

Ended mandates

Director	Mandates in this company	Period
JULES GHEURY	Director08/12/2014 → 14/12/2026
RAYMONDE WATHELET	Director08/12/2014 → 14/12/2026

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other28/05/2026
Prise de pension
PDF
Mandates04/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DIVERS - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates18/04/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates02/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates05/03/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates06/12/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates06/03/2015
DEMISSIONS, NOMINATIONS
PDF
Other18/01/2012
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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

Filings19 filings

Mandates

ALAIN GHEURY

PATRICIA GALLI

ERIC GHEURY

JULES GHEURY

RAYMONDE WATHELET

19911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

GHEURY ET FILS BOUL. PAT. ARTISANALE

Rue Rausa 3, 4577 Modave

DirectorManaging director

Director

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Rausa 3, 4577 ModaveCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00028727

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BOULANGERIE - PATISSERIE ARTISANALE GHEURY et FilsCurrent		CBE
GHEURY ET FILS BOUL. PAT. ARTISANALE	accounts 2022 → 2025	Accounts 2025 · 2026-00028727

Events

2025
Annual accounts 202522,9 k €↓
2024
Annual accounts 202424,6 k €↓
2023
Annual accounts 202326,1 k €↑
2022
Annual accounts 202224,7 k €↑
2021
Annual accounts 202114,9 k €↑
2020
Annual accounts 2020-29,6 k €↓
2019
Annual accounts 2019-10,4 k €↓
2018
Annual accounts 201827,7 k €↓
2017
Annual accounts 201732,1 k €↑
2016
Annual accounts 2016-9,9 k €↓
2015
Annual accounts 20157,5 k €↑
2014
Annual accounts 20144,8 k €↓
2013
Annual accounts 20136,9 k €↑
2012
Annual accounts 20124 k €↑
2011
Annual accounts 2011-6,2 k €↑
2010
Annual accounts 2010-12,3 k €↓
2009
Annual accounts 20091,6 k €↑
2008
Annual accounts 2008-25,9 k €↓
2007
Annual accounts 2007-16,5 k €
28/03/1991
IncorporationPrivate limited company

BOULANGERIE - PATISSERIE ARTISANALE GHEURY et Fils

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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