ACTIVE

SCHELDECUB

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Financial year 2025 · closed on 31/12/2025

Net result

105,7 k €

+9140.8% YoY

Gross margin

403,7 k €

+65.9% YoY

Equity

539,3 k €

+24.4% YoY

Workforce

4,0 ETP

0.0% YoY

What does SCHELDECUB do?

SCHELDECUB is a Public limited company incorporated in 1992. Its registered office is in Waasmunster. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.277.391

Incorporation

17/04/1992

Legal form

Public limited company

Registered office

Abdij van Roosenberglaan 12
9250 Waasmunster · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

4,0 ETP

Joint committees (3)

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 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	403,7 k €	+65.9%	243,3 k €	-32.0%	357,7 k €	+24.6%	287 k €	+22.6%	234,2 k €	+3.0%	227,3 k €	+20.4%	188,8 k €	+31.6%	143,4 k €	-25.6%	192,8 k €	+22.0%	158 k €	+28.7%	122,8 k €	+22.1%	100,5 k €	-45.9%	185,7 k €	+50.3%	123,5 k €	-19.2%	152,8 k €	-32.8%	227,3 k €	-22.3%	292,5 k €	+1.9%	286,9 k €	+4.1%	275,8 k €	+19.6%	230,5 k €
EBITDA	172,6 k €	+911%	17,1 k €	-87.3%	134,6 k €	+120%	61,1 k €	+101%	30,4 k €	-52.1%	63,4 k €	+55.0%	40,9 k €	+370%	8,7 k €	-83.0%	51 k €	+142%	21,1 k €	+227%	-16,6 k €	+55.2%	-37,1 k €	-177%	48,1 k €	+318%	-22,1 k €	-204%	21,3 k €	-70.8%	73 k €	-43.1%	128,2 k €	-0.8%	129,2 k €	+4.4%	123,8 k €	+48.6%	83,3 k €
Operating result	152,3 k €	+1672052%	9,1 €	-100.0%	114,3 k €	+158%	44,3 k €	+356%	9,7 k €	-78.1%	44,3 k €	+490%	7,5 k €	+141%	-18,4 k €	-158%	32 k €	+719%	-5,2 k €	+87.9%	-42,8 k €	+28.5%	-59,9 k €	-297%	30,3 k €	+179%	-38,4 k €	-536%	-6 k €	-112%	52,2 k €	-55.9%	118,2 k €	-0.8%	119,2 k €	+4.8%	113,7 k €	+43.7%	79,1 k €
Net result	105,7 k €	+9141%	1,1 k €	-98.5%	78,6 k €	+101%	39,1 k €	+401%	7,8 k €	-82.9%	45,7 k €	+289%	11,7 k €	+179%	-14,8 k €	-145%	33 k €	+5140%	630,3 €	+103%	-20,9 k €	+61.1%	-53,8 k €	-243%	37,5 k €	+214%	-33 k €	-2766%	1,2 k €	-97.4%	47,9 k €	-49.4%	94,6 k €	+0.5%	94,1 k €	+4.5%	90,1 k €	+52.3%	59,1 k €
Balance sheet
Equity	539,3 k €	+24.4%	433,7 k €	+0.3%	432,5 k €	+22.2%	353,9 k €	+12.4%	314,8 k €	+2.5%	307 k €	+17.5%	261,3 k €	+4.7%	249,6 k €	-60.0%	624,4 k €	+5.6%	591,4 k €	+0.1%	590,8 k €	-3.4%	611,7 k €	-8.1%	665,4 k €	-0.4%	667,9 k €	-4.7%	700,9 k €	+0.2%	699,7 k €	+7.3%	651,8 k €	+17.0%	557,2 k €	+20.3%	463,1 k €	+22.2%	379,1 k €
Total assets	1,1 M €	+25.4%	874,4 k €	-5.5%	924,8 k €	-2.9%	952,5 k €	+4.3%	913,3 k €	+10.9%	823,8 k €	+12.2%	734,3 k €	-2.2%	751,1 k €	-3.7%	779,8 k €	+13.3%	688,5 k €	-9.9%	763,8 k €	+8.7%	703 k €	-5.7%	745,5 k €	-3.1%	769,6 k €	-3.5%	797,8 k €	-2.8%	821,1 k €	+10.3%	744,6 k €	+10.5%	674 k €	+19.0%	566,5 k €	+17.5%	482,3 k €
Cash	327,5 k €	+2.0%	321 k €	+34.3%	239 k €	-6.8%	256,3 k €	+181%	91,3 k €	-30.1%	130,6 k €	+8.0%	120,9 k €	-22.3%	155,6 k €	-7.0%	167,3 k €	+168%	62,4 k €	-18.4%	76,4 k €	-6.9%	82,1 k €	-64.9%	234 k €	+60.6%	145,7 k €	-17.3%	176,1 k €	-8.1%	191,7 k €	-31.4%	279,2 k €	+157%	108,5 k €	-58.4%	261 k €	+158%	101,3 k €
Debts	538,9 k €	+22.6%	439,7 k €	-7.1%	473,4 k €	-20.8%	597,5 k €	+0.0%	597,5 k €	+15.9%	515,8 k €	+9.3%	472 k €	-5.7%	500,5 k €	+224%	154,4 k €	+60.7%	96,1 k €	-44.2%	172,1 k €	+90.5%	90,3 k €	+14.3%	79 k €	-21.4%	100,6 k €	+5.3%	95,5 k €	-20.7%	120,5 k €	+31.3%	91,7 k €	-20.8%	115,8 k €	+13.3%	102,2 k €	+0.1%	102,2 k €
Other
Workforce	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	+14.3%	3,5 ETP	+16.7%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	-16.7%	3,6 ETP	-10.0%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	-4.8%	4,2 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 31/12/2025 · 2 active · 13 ended

Active mandates

Karel Verschelden

Managing director · since 18 août 2023

Active

Karin De Boes

Director · since 18 août 2023

Active

Ended mandates

Karel Verschelden

Managing director · since 18 août 2023 · until 18 août 2029

Ended

Karin De Boes

Director · since 18 août 2023 · until 18 août 2029

Ended

Karine De Boes

Director · since 31 mai 2011

Ended

Karel Verschelden

Managing director · until 31 mai 2011

Ended

At this address

Other companies at this address

Company	CBE no.
VEKAM● Active	0447.277.193
VERSCHELDEN INVEST● Active	0447.197.120

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged 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	25/06/2026	02/06/2025	26/06/2024	05/06/2023	03/06/2022	03/07/2021
General meeting	01/06/2026	31/05/2025	31/05/2024	31/05/2023	31/05/2022	15/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	25/06/2026	Dutch	PDF
Abridged model	31/12/2024	31/05/2025	02/06/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	26/06/2024	Dutch	PDF
Abridged model	31/12/2022	31/05/2023	05/06/2023	Dutch	PDF
Abridged model	31/12/2021	31/05/2022	03/06/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	03/07/2021	Dutch	PDF
Abridged model	31/12/2019	31/05/2020	05/06/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	07/06/2019	Dutch	PDF
Abridged model	31/12/2017	31/05/2018	06/06/2018	Dutch	PDF
Abridged model	31/12/2016	31/05/2017	20/06/2017	Dutch	PDF
Abridged model	31/12/2015	31/05/2016	01/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	16/06/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	04/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	17/06/2013	Dutch	PDF
Abridged model	31/12/2011	31/05/2012	05/06/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	16/06/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	02/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	08/06/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	02/06/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	04/06/2007	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 31/12/2025 · 2 active · 13 ended

Active mandates

Karel Verschelden

Managing director · since 18 août 2023

Active

Karin De Boes

Director · since 18 août 2023

Active

Ended mandates

Karel Verschelden

Managing director · since 18 août 2023 · until 18 août 2029

Ended

Karin De Boes

Director · since 18 août 2023 · until 18 août 2029

Ended

Karine De Boes

Director · since 31 mai 2011

Ended

Karel Verschelden

Managing director · until 31 mai 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares20/06/2018
KAPITAAL - AANDELEN
PDF
Mandates30/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/01/2014
KAPITAAL - AANDELEN
PDF
Mandates29/06/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2006
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

2025
Annual accounts 2025105,7 k €↑
2024
Annual accounts 20241,1 k €↓
2023
Annual accounts 202378,6 k €↑
2022
Annual accounts 202239,1 k €↑
2021
Annual accounts 20217,8 k €↓
2020
Annual accounts 202045,7 k €↑
2019
Annual accounts 201911,7 k €↑
2018
Annual accounts 2018-14,8 k €↓
2017
Annual accounts 201733 k €↑
2016
Annual accounts 2016630,3 €↑
2015
Annual accounts 2015-20,9 k €↑
2014
Annual accounts 2014-53,8 k €↓
2013
Annual accounts 201337,5 k €↑
2012
Annual accounts 2012-33 k €↓
2011
Annual accounts 20111,2 k €↓
2010
Annual accounts 201047,9 k €↓
2009
Annual accounts 200994,6 k €↑
2008
Annual accounts 200894,1 k €↑
2007
Annual accounts 200790,1 k €↑
2006
Annual accounts 200659,1 k €
17/04/1992
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

SCHELDECUB

Overview

What does SCHELDECUB do?

Trend over 20 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