ACTIVE

DOERAMA

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Financial year 2025 · closed on 31/12/2025

Net result

653,2 k €

+33.2% YoY

Revenue

5,8 M €

Equity

716,2 k €

-85.1% YoY

Workforce

23,6 ETP

+2.2% YoY

What does DOERAMA do?

DOERAMA is a Public limited company incorporated in 1992. Its main activity is: Retail sale of hardware, paints and glass in specialised stores. Its registered office is in Ninove. It employs on average 23,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0448.770.993

Incorporation

12/11/1992

Legal form

Public limited company

Registered office

Halsesteenweg 39
9402 Ninove · FlandreSee on map

Contributed capital

199 796,11 €

Latest accounts

31/12/2025

Average workforce

23,6 ETP

Activities (NACE)

47521Retail sale of hardware, paints and glass in specialised stores· main 47521Retail sale of hardware, paints and glass in specialised stores 51900Air transport 52461Warehousing and support activities for transportation 46900Non-specialised wholesale trade 46900Non-specialised wholesale trade+9

Joint committees (4)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2018		2017		2015		2014		2013		2012		2011		2009		2007		2006
Income statement
Revenue	5,8 M €		–		–		–		–		–		–		–		7,8 M €	-2.1%	8 M €	+3.4%	7,7 M €		–		–		–		–		–
EBITDA	745,5 k €	+8.2%	688,9 k €	+1.6%	678,2 k €	-15.2%	799,6 k €	-17.6%	970 k €	-12.7%	1,1 M €	+200%	370 k €	-13.6%	428,2 k €	-42.1%	740 k €	+428%	140,2 k €	-75.6%	573,8 k €	-30.7%	828,1 k €	-10.5%	925,2 k €	+13.7%	813,6 k €	-3.0%	838,7 k €	+16.5%	719,9 k €
Operating result	808,2 k €	+44.4%	559,8 k €	-14.7%	656,2 k €	-12.0%	746,1 k €	-16.2%	890,1 k €	-17.5%	1,1 M €	+313%	260,9 k €	-22.9%	338,4 k €	-44.2%	606,5 k €	+38854%	-1,6 k €	-100%	426,5 k €	-43.3%	751,8 k €	-13.6%	870,5 k €	+15.7%	752,5 k €	-3.2%	777,5 k €	+16.6%	666,9 k €
Net result	653,2 k €	+33.2%	490,3 k €	-10.5%	547,7 k €	-8.5%	598,4 k €	-14.1%	696,8 k €	-14.5%	814,7 k €	+284%	212,1 k €	-13.3%	244,6 k €	-33.5%	367,9 k €	+3605%	-10,5 k €	-103%	367,1 k €	-7.8%	398,2 k €	-52.4%	837,2 k €	+34.1%	624,4 k €	+17.3%	532,3 k €	+17.0%	454,8 k €
Balance sheet
Equity	716,2 k €	-85.1%	4,8 M €	+11.4%	4,3 M €	+14.6%	3,8 M €	+18.9%	3,2 M €	+28.3%	2,5 M €	-28.9%	3,5 M €	+6.5%	3,3 M €	+17.7%	2,8 M €	+15.4%	2,4 M €	-0.4%	2,4 M €	+18.0%	2 M €	-38.0%	3,3 M €	+83.7%	1,8 M €	+52.4%	1,2 M €	+5.1%	1,1 M €
Total assets	3,3 M €	-42.4%	5,7 M €	+4.8%	5,4 M €	+6.5%	5,1 M €	+13.9%	4,4 M €	+10.0%	4 M €	-19.8%	5 M €	+3.1%	4,9 M €	+12.7%	4,3 M €	-1.4%	4,4 M €	-6.2%	4,7 M €	-15.9%	5,6 M €	+45.2%	3,8 M €	+38.0%	2,8 M €	+54.6%	1,8 M €	-6.7%	1,9 M €
Cash	772,9 k €	+124%	344,5 k €	+151%	137,1 k €	-30.0%	195,7 k €	+9.3%	179 k €	+28.4%	139,5 k €	+13.8%	122,5 k €	-44.2%	219,6 k €	+13.1%	194,1 k €	-14.6%	227,4 k €	-7.1%	244,7 k €	-6.8%	262,6 k €	+14.6%	229,1 k €	+21.7%	188,3 k €	-7.5%	203,6 k €	-34.8%	312,3 k €
Debts	2,5 M €	+196%	856,6 k €	-20.9%	1,1 M €	-16.9%	1,3 M €	+1.4%	1,3 M €	-18.6%	1,6 M €	+4.3%	1,5 M €	-1.9%	1,5 M €	+2.3%	1,5 M €	-21.2%	1,9 M €	-13.4%	2,2 M €	-36.3%	3,5 M €	+609%	489,4 k €	-50.5%	989,4 k €	+58.9%	622,6 k €	-23.0%	809,1 k €
Other
Workforce	23,6 ETP	+2.2%	23,1 ETP	+6.9%	21,6 ETP	+4.3%	20,7 ETP	-5.5%	21,9 ETP	-7.2%	23,6 ETP	-25.1%	31,5 ETP	-12.5%	36,0 ETP	-3.0%	37,1 ETP	+5.1%	35,3 ETP	+19.3%	29,6 ETP	+43.7%	20,6 ETP	+2.0%	20,2 ETP	+2.0%	19,8 ETP	+3.1%	19,2 ETP	+9.7%	17,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 14 ended

Active mandates

H.V.H.

Director · since 01 juillet 2025 · 0534.602.632

Represented by Henri Pieter Verbeek

Active

Ended mandates

Herodot

Director · since 01 janvier 2020 · until 31 décembre 2025 · 0729.733.572

Represented by Endre Csikos

Ended

Endrè CSIKOS

Director · since 02 avril 2014 · until 02 avril 2020

Ended

Fregate Private Investments

Managing director · since 02 avril 2014 · until 02 avril 2020 · 0459.576.694

Represented by Geza CSIKOS

Ended

Fregate Private Investments

Managing director · since 02 avril 2014 · until 02 avril 2020 · 0459.576.694

Represented by Geza CSIKOS

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full 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	31/07/2026	19/06/2025	05/06/2024	23/05/2023	08/06/2022	07/06/2021
General meeting	31/07/2026	21/05/2025	15/05/2024	17/05/2023	18/05/2022	19/05/2021
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
Full model	31/12/2025	31/07/2026	31/07/2026	Dutch	PDF
Abridged model	31/12/2024	21/05/2025	19/06/2025	Dutch	PDF
Abridged model	31/12/2023	15/05/2024	05/06/2024	Dutch	PDF
Abridged model	31/12/2022	17/05/2023	23/05/2023	Dutch	PDF
Abridged model	31/12/2021	18/05/2022	08/06/2022	Dutch	PDF
Abridged model	31/12/2020	19/05/2021	07/06/2021	Dutch	PDF
Abridged model	31/12/2019	20/05/2020	26/05/2020	Dutch	PDF
Abridged model	31/12/2018	15/05/2019	24/05/2019	Dutch	PDF
Abridged model	31/12/2017	16/05/2018	30/05/2018	Dutch	PDF
Full model	31/12/2016	28/07/2017	31/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	27/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	28/07/2015	Dutch	PDF
Full model	31/12/2013	30/07/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	26/07/2013	30/07/2013	Dutch	PDF
Abridged model	31/12/2011	27/06/2012	27/07/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	19/07/2011	Dutch	PDF
Abridged model	31/12/2009	15/05/2010	15/06/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	30/07/2009	Dutch	PDF
Abridged model	31/12/2007	18/12/2008	31/12/2008	Dutch	PDF
Abridged model	31/12/2006	15/05/2007	15/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 1 active · 14 ended

Active mandates

H.V.H.

Director · since 01 juillet 2025 · 0534.602.632

Represented by Henri Pieter Verbeek

Active

Ended mandates

Herodot

Director · since 01 janvier 2020 · until 31 décembre 2025 · 0729.733.572

Represented by Endre Csikos

Ended

Endrè CSIKOS

Director · since 02 avril 2014 · until 02 avril 2020

Ended

Fregate Private Investments

Managing director · since 02 avril 2014 · until 02 avril 2020 · 0459.576.694

Represented by Geza CSIKOS

Ended

Fregate Private Investments

Managing director · since 02 avril 2014 · until 02 avril 2020 · 0459.576.694

Represented by Geza CSIKOS

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other17/09/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates21/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring28/08/2019
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring27/05/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates18/08/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/09/2011
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

2025
Annual accounts 2025653,2 k €↑
2024
Annual accounts 2024490,3 k €↓
2023
Annual accounts 2023547,7 k €↓
2022
Annual accounts 2022598,4 k €↓
2021
Annual accounts 2021696,8 k €↓
2020
Annual accounts 2020814,7 k €↑
2018
Annual accounts 2018212,1 k €↓
2017
Annual accounts 2017244,6 k €↓
2015
Annual accounts 2015367,9 k €↑
2014
Annual accounts 2014-10,5 k €↓
2013
Annual accounts 2013367,1 k €↓
2012
Annual accounts 2012398,2 k €↓
2011
Annual accounts 2011837,2 k €↑
2009
Annual accounts 2009624,4 k €↑
2007
Annual accounts 2007532,3 k €↑
2006
Annual accounts 2006454,8 k €
12/11/1992
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

DOERAMA

Overview

What does DOERAMA do?

Trend over 16 financial years

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