ACTIVE

DECOVAN

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Financial year 2024 · closed on 31/12/2024

Net result

80,2 k €

-7.4% YoY

Gross margin

385,8 k €

-7.3% YoY

Equity

930,9 k €

+9.4% YoY

Workforce

3,6 ETP

-25.0% YoY

What does DECOVAN do?

DECOVAN is a Public limited company incorporated in 1991. Its registered office is in Oudenaarde. It employs on average 3,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0444.491.810

Incorporation

21/06/1991

Legal form

Public limited company

Registered office

Berchemweg 236
9700 Oudenaarde · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2024

Average workforce

3,6 ETP

Joint committees (2)

124
1240

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	385,8 k €	-7.3%	416 k €	-7.5%	449,8 k €	-18.7%	553 k €	+14.1%	484,6 k €	+31.2%	369,4 k €	+11.4%	331,5 k €	+16.3%	285 k €	-32.8%	423,9 k €	-7.0%	455,6 k €	+3.6%	439,8 k €	+23.7%	355,5 k €	-2.5%	364,6 k €	+26.0%	289,3 k €	+1.6%	284,7 k €	+12.4%	253,3 k €	-17.2%	305,9 k €	-1.3%	309,9 k €	+38.2%	224,2 k €
EBITDA	149,7 k €	-8.3%	163,2 k €	-7.6%	176,6 k €	-38.0%	285 k €	+26.0%	226,2 k €	+115%	105,4 k €	+53.7%	68,6 k €	-4.4%	71,7 k €	-33.1%	107,2 k €	-3.5%	111,1 k €	-12.5%	127 k €	+13.3%	112,1 k €	-4.0%	116,8 k €	+65.2%	70,7 k €	-0.6%	71,1 k €	+139%	29,8 k €	-59.4%	73,4 k €	-16.9%	88,3 k €	+44.7%	61 k €
Operating result	118 k €	-6.0%	125,5 k €	-11.5%	141,8 k €	-43.3%	250 k €	+25.8%	198,8 k €	+188%	68,9 k €	+139%	28,9 k €	+45.7%	19,8 k €	-28.5%	27,7 k €	+19.2%	23,3 k €	-52.4%	48,9 k €	+41.7%	34,5 k €	-7.6%	37,4 k €	+79.0%	20,9 k €	+5.7%	19,7 k €	+270%	-11,6 k €	-159%	19,8 k €	-44.7%	35,9 k €	+3.4%	34,7 k €
Net result	80,2 k €	-7.4%	86,6 k €	-12.5%	99 k €	-44.4%	178 k €	+20.0%	148,4 k €	+166%	55,8 k €	+266%	15,3 k €	+89.8%	8 k €	-51.3%	16,5 k €	-13.5%	19,1 k €	+42.4%	13,4 k €	-71.5%	47,1 k €	+20.3%	39,1 k €	+93.3%	20,2 k €	+11.0%	18,2 k €	+1485%	1,2 k €	-96.5%	32,4 k €	-10.8%	36,4 k €	+21.7%	29,9 k €
Balance sheet
Equity	930,9 k €	+9.4%	850,7 k €	+11.3%	764,1 k €	+14.9%	665,2 k €	+36.5%	487,2 k €	+43.8%	338,8 k €	+19.7%	282,9 k €	+5.7%	267,7 k €	+3.1%	259,7 k €	+6.8%	243,2 k €	+8.5%	224,1 k €	+6.4%	210,7 k €	+28.8%	163,6 k €	+31.5%	124,4 k €	+19.4%	104,2 k €	+21.2%	86 k €	+1.4%	84,8 k €	+9.6%	77,4 k €	+44.6%	53,5 k €
Total assets	1,5 M €	-7.2%	1,6 M €	+2.3%	1,6 M €	+12.5%	1,4 M €	+13.5%	1,2 M €	+13.0%	1,1 M €	+6.5%	1 M €	-0.1%	1 M €	-12.7%	1,2 M €	-9.0%	1,3 M €	+0.1%	1,3 M €	+3.7%	1,2 M €	+9.7%	1,1 M €	+3.8%	1,1 M €	+15.5%	950,1 k €	+28.4%	740,1 k €	+38.8%	533,2 k €	+13.6%	469,6 k €	+14.1%	411,4 k €
Cash	123,3 k €	+24.7%	98,9 k €	+143%	40,7 k €	-82.8%	237,4 k €	+32.7%	178,9 k €	+21.5%	147,2 k €	+702%	18,4 k €	-77.5%	81,6 k €	-30.1%	116,8 k €	+78.6%	65,4 k €	-24.8%	87 k €	+592%	12,6 k €	-70.2%	42,1 k €	+40.4%	30 k €	-58.9%	72,9 k €	-14.2%	85 k €	+447%	15,5 k €	-56.1%	35,4 k €	-43.2%	62,4 k €
Debts	563,8 k €	-25.7%	758,8 k €	-7.3%	818,3 k €	+10.4%	741,4 k €	-1.4%	751,6 k €	-0.7%	757,2 k €	+2.3%	740,4 k €	-2.9%	762,8 k €	-17.2%	921,3 k €	-11.3%	1 M €	-3.2%	1,1 M €	+3.2%	1 M €	+7.2%	969,6 k €	+0.2%	967,5 k €	+14.4%	845,9 k €	+29.3%	654,2 k €	+45.9%	448,4 k €	+16.9%	383,4 k €	+7.1%	357,9 k €
Other
Workforce	3,6 ETP	-25.0%	4,8 ETP	-2.0%	4,9 ETP	-2.0%	5,0 ETP	+2.0%	4,9 ETP	-15.5%	5,8 ETP	-3.3%	6,0 ETP	+25.0%	4,8 ETP	-20.0%	6,0 ETP	-10.4%	6,7 ETP	+34.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	+8.7%	4,6 ETP	0.0%	4,6 ETP	-8.0%	5,0 ETP	-5.7%	5,3 ETP	+3.9%	5,1 ETP	+27.5%	4,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 6 active · 32 ended

Active mandates

Brecht Vandriessche

Director · since 05 septembre 2011

Active

Henk Vandriessche

Director · since 05 septembre 2011

Active

Marc Vandriessche

Director · since 05 septembre 2011

Active

Marie Jeanne Sentrie

Director · since 05 septembre 2011

Active

Stan Vandriessche

Director · since 05 septembre 2011

Active

Wout Vandriessche

Director · since 05 septembre 2011

Active

Ended mandates

Brecht Vandriessche

Director · since 23 septembre 2017 · until 03 juin 2023

Ended

Brecht Vandriessche

Director · since 23 septembre 2017

Ended

Henk Vandriessche

Director · since 23 septembre 2017 · until 03 juin 2023

Ended

Henk Vandriessche

Director · since 23 septembre 2017

Ended

At this address

Other companies at this address

Company	CBE no.
Groep Vandriessche● Active	0538.920.122

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/09/2025	29/09/2024	29/09/2023	27/09/2022	30/09/2021	14/09/2020
General meeting	20/09/2025	25/09/2024	16/09/2023	17/09/2022	18/09/2021	15/08/2020
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

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	20/09/2025	26/09/2025	Dutch	PDF
Abridged model	31/12/2023	25/09/2024	29/09/2024	Dutch	PDF
Abridged model	31/12/2022	16/09/2023	29/09/2023	Dutch	PDF
Abridged model	31/12/2021	17/09/2022	27/09/2022	Dutch	PDF
Abridged model	31/12/2020	18/09/2021	30/09/2021	Dutch	PDF
Abridged model	31/12/2019	15/08/2020	14/09/2020	Dutch	PDF
Abridged model	31/12/2018	21/09/2019	27/09/2019	Dutch	PDF
Abridged model	31/12/2017	22/09/2018	28/09/2018	Dutch	PDF
Abridged model	31/12/2016	23/09/2017	29/09/2017	Dutch	PDF
Abridged model	31/12/2015	24/09/2016	29/09/2016	Dutch	PDF
Abridged model	31/12/2014	26/09/2015	30/09/2015	Dutch	PDF
Abridged model	31/12/2013	27/09/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	21/09/2013	30/09/2013	Dutch	PDF
Abridged model	31/12/2011	03/09/2012	28/09/2012	Dutch	PDF
Abridged model	31/12/2010	05/09/2011	20/09/2011	Dutch	PDF
Abridged model	31/12/2009	05/06/2010	02/07/2010	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	18/09/2009	Dutch	PDF
Abridged model	31/12/2007	07/06/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	23/06/2007	27/06/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 6 active · 32 ended

Active mandates

Brecht Vandriessche

Director · since 05 septembre 2011

Active

Henk Vandriessche

Director · since 05 septembre 2011

Active

Marc Vandriessche

Director · since 05 septembre 2011

Active

Marie Jeanne Sentrie

Director · since 05 septembre 2011

Active

Stan Vandriessche

Director · since 05 septembre 2011

Active

Wout Vandriessche

Director · since 05 septembre 2011

Active

Ended mandates

Brecht Vandriessche

Director · since 23 septembre 2017 · until 03 juin 2023

Ended

Brecht Vandriessche

Director · since 23 septembre 2017

Ended

Henk Vandriessche

Director · since 23 septembre 2017 · until 03 juin 2023

Ended

Henk Vandriessche

Director · since 23 septembre 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/12/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/12/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/12/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/02/2005
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

2024
Annual accounts 202480,2 k €↓
2023
Annual accounts 202386,6 k €↓
2022
Annual accounts 202299 k €↓
2021
Annual accounts 2021178 k €↑
2020
Annual accounts 2020148,4 k €↑
2019
Annual accounts 201955,8 k €↑
2018
Annual accounts 201815,3 k €↑
2017
Annual accounts 20178 k €↓
2016
Annual accounts 201616,5 k €↓
2015
Annual accounts 201519,1 k €↑
2014
Annual accounts 201413,4 k €↓
2013
Annual accounts 201347,1 k €↑
2012
Annual accounts 201239,1 k €↑
2011
Annual accounts 201120,2 k €↑
2010
Annual accounts 201018,2 k €↑
2009
Annual accounts 20091,2 k €↓
2008
Annual accounts 200832,4 k €↓
2007
Annual accounts 200736,4 k €↑
2006
Annual accounts 200629,9 k €
21/06/1991
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

DECOVAN

Overview

What does DECOVAN do?

Trend over 19 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