ACTIVE

A 2

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Financial year 2025 · Closed on 31/12/2025

Net result1,8 M €+20,6 %over 1 year
Revenue31,7 M €+3,7 %over 1 year
Equity8,6 M €+27,0 %over 1 year
Workforce141,6 ETP+19,5 %over 1 year

Identity

Source · BCE/KBO

A 2 is a Public limited company incorporated in 1992. Its main activity is: Raising of dairy cattle. Its registered office is in Frameries. It employs on average 141,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0447.331.732
Incorporation
11/05/1992
Legal form
Public limited company
Registered office
Rue des Fours-à-Chaux 102
7080 Frameries · WallonieSee on map
Contributed capital
85 000,00 €
Latest accounts
31/12/2025
Average workforce
141,6 ETP
Joint committees (3)
  • 124
  • 145
  • 200
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue31,7 M €30,6 M €38,2 M €17,6 M €13,9 M €
EBITDA4,4 M €3,8 M €5,5 M €3,2 M €2,5 M €
Operating result2,3 M €1,9 M €4 M €2 M €1,3 M €
Net result1,8 M €1,5 M €3 M €1,4 M €898,1 k €
Balance sheet
Equity8,6 M €6,8 M €6,8 M €4,4 M €3 M €
Total assets26,3 M €26 M €18,8 M €12,6 M €9,9 M €
Cash1,5 M €746,9 k €401,7 k €556,6 k €232,6 k €
Debts17,6 M €19,2 M €12 M €8,1 M €6,8 M €
Other
Workforce141,6 ETP118,5 ETP99,3 ETP92,2 ETP78,8 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 · 1 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Didier Govaert
Director01/03/2016 → 30/06/2029
Ignace Govaert
Managing director22/03/2003 → 30/06/2029
Kristof Govaert
Director22/03/2003 → 30/06/2029

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
WILLY GOVAERT
Director22/03/2003 → 2015 accounts

Other companies at this address

Rue des Fours-à-Chaux 102 7080 Frameries
CompanyCBE no.
REGOMEF● Active
0668.497.175

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/10/202201/10/202101/10/202001/10/2019
Closing of the financial year31/12/202531/12/202431/12/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months15 months12 months12 months12 months
Filing date24/08/202629/08/202518/09/202418/04/202326/04/202223/04/2021
General meeting21/08/202628/08/202518/09/202425/03/202326/03/202231/03/2021
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 model31/12/202521/08/202624/08/2026FrenchPDF
Full model31/12/202428/08/202529/08/2025FrenchPDF
Full model31/12/202318/09/202418/09/2024FrenchPDF
Full model30/09/202225/03/202318/04/2023FrenchPDF
Full model30/09/202126/03/202226/04/2022FrenchPDF
Full model30/09/202031/03/202123/04/2021FrenchPDF
Full model30/09/201928/03/202028/04/2020FrenchPDF
Full model30/09/201823/03/201925/04/2019FrenchPDF
Full model30/09/201724/03/201813/04/2018FrenchPDF
Full model30/09/201625/03/201702/05/2017FrenchPDF
Full model30/09/201526/03/201619/04/2016FrenchPDF
Full model30/09/201428/03/201520/05/2015FrenchPDF
Abridged model30/09/201322/03/201426/03/2014FrenchPDF
Abridged model30/09/201223/03/201304/04/2013DutchPDF
Abridged model30/09/201124/03/201227/04/2012DutchPDF
Abridged model30/09/201026/03/201128/03/2011DutchPDF
Abridged model30/09/200927/03/201029/03/2010DutchPDF
Abridged model30/09/200828/03/200907/04/2009DutchPDF
Abridged model30/09/200722/03/200828/04/2008DutchPDF
Abridged model30/09/200624/03/200727/03/2007DutchPDF

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 · 1 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Didier Govaert
Director01/03/2016 → 30/06/2029
Ignace Govaert
Managing director22/03/2003 → 30/06/2029
Kristof Govaert
Director22/03/2003 → 30/06/2029

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
WILLY GOVAERT
Director22/03/2003 → 2015 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • 30/10/2026
    —
    PDF
  • Mandates27/10/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/07/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Other25/01/2022
    DIVERSEN
    PDF
  • Mandates23/12/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates11/06/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office28/05/2018
    SIEGE SOCIAL
    PDF
  • Mandates15/04/2016
    DEMISSIONS, NOMINATIONS
    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
Ignace Govaert
Didier Govaert
Kristof Govaert
WILLY GOVAERT
19921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029
A 2
Rue des Fours-à-Chaux 102, 7080 Frameries
Managing director
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Rue des Fours-à-Chaux 102, 7080 FrameriesCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00425555

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
A 2Current
accounts 2022 → 2025
Accounts 2025 · 2026-00425555
A2
accounts 2021
Accounts 2021 · 2022-20011662

Events

  1. 2025
    Annual accounts 20251,8 M €↑
  2. 2024
    Annual accounts 20241,5 M €↓
  3. 2023
    Annual accounts 20233 M €↑
  4. 2022
    Annual accounts 20221,4 M €↑
  5. 2022
    Name changeA 2
  6. 2021
    Annual accounts 2021898,1 k €↑
  7. 2020
    Annual accounts 2020681,2 k €↑
  8. 2019
    Annual accounts 2019566,5 k €↑
  9. 2018
    Annual accounts 2018393,6 k €↑
  10. 2017
    Annual accounts 201760,5 k €↓
  11. 2016
    Annual accounts 201681,8 k €↓
  12. 2015
    Annual accounts 2015124,3 k €↑
  13. 2014
    Annual accounts 201435,6 k €↑
  14. 2013
    Annual accounts 2013-196,8 k €↓
  15. 2012
    Annual accounts 201236,8 k €↓
  16. 2011
    Annual accounts 201169,7 k €↓
  17. 2010
    Annual accounts 201070 k €↓
  18. 2009
    Annual accounts 2009129,3 k €↑
  19. 2008
    Annual accounts 200892,4 k €↑
  20. 2007
    Annual accounts 200758,5 k €
  21. 11/05/1992
    IncorporationPublic limited company