AAROVA
0451.263.992 · rovalta.com · 22/09/2026
ACTIVE
AAROVA
Financial year 2025 · closed on 31/12/2025
Net result
-139,4 k €
+34.4% YoY
Revenue
5,6 M €
+5.1% YoY
Equity
2,5 M €
-6.6% YoY
Workforce
306,2 ETP
+1.2% YoY
Overview
What does AAROVA do?
AAROVA is a Non-profit organization incorporated in 1993. Its main activity is: Manufacture of other outerwear. Its registered office is in Oudenaarde. It employs on average 306,2 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0451.263.992
Incorporation
29/11/1993
Legal form
Non-profit organization
Registered office
Industriepark "De Bruwaan" 85
9700 Oudenaarde · FlandreSee on map
9700 Oudenaarde · FlandreSee on map
Latest accounts
31/12/2025
Average workforce
306,2 ETP
Activities (NACE)
Joint committees (1)
- 32701
Signals
Solid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Revenue | 5,6 M € | +5.1% | 5,3 M € | -1.8% | 5,4 M € | -0.9% | 5,5 M € | +8.0% | 5,1 M € | +24.7% | 4,1 M € | -13.9% | 4,7 M € | -3.7% | 4,9 M € | +5.6% | 4,7 M € | +3.8% | 4,5 M € | +11.5% | 4 M € | +9.8% | 3,7 M € | +7.2% | 3,4 M € | -2.1% | 3,5 M € | +15.9% | 3 M € | +11.7% | 2,7 M € | -5.9% | 2,9 M € | +9.0% | 2,6 M € |
| EBITDA | 673,5 k € | +0.7% | 668,9 k € | +3.0% | 649,4 k € | -43.0% | 1,1 M € | -3.9% | 1,2 M € | +49.1% | 795,3 k € | -3.3% | 822,2 k € | +14.8% | 715,9 k € | -3.9% | 744,8 k € | +9.4% | 680,6 k € | +16.4% | 584,6 k € | +16.2% | 503,1 k € | +13.5% | 443,2 k € | -21.3% | 563,2 k € | +17.4% | 479,6 k € | +21.0% | 396,4 k € | +22.6% | 323,2 k € | -2.0% | 330 k € |
| Operating result | -60,3 k € | +54.7% | -133,2 k € | -17.7% | -113,1 k € | -124% | 470,5 k € | -5.5% | 497,9 k € | +318% | 119 k € | -39.5% | 196,5 k € | +35.5% | 145,1 k € | +4.3% | 139,1 k € | +9.2% | 127,4 k € | +59.7% | 79,8 k € | -0.9% | 80,5 k € | -14.1% | 93,8 k € | -36.7% | 148,2 k € | +12.8% | 131,4 k € | +61.2% | 81,6 k € | +40.5% | 58 k € | -22.9% | 75,2 k € |
| Net result | -139,4 k € | +34.4% | -212,4 k € | -24.5% | -170,7 k € | -140% | 421,7 k € | -4.5% | 441,5 k € | +729% | 53,2 k € | -73.4% | 200,2 k € | +112% | 94,3 k € | +17.6% | 80,1 k € | +5.0% | 76,3 k € | +368% | 16,3 k € | -53.2% | 34,8 k € | -12.6% | 39,9 k € | -48.9% | 77,9 k € | +16.6% | 66,9 k € | +221% | 20,8 k € | +9.3% | 19,1 k € | -65.4% | 55,1 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 2,5 M € | -6.6% | 2,6 M € | -9.5% | 2,9 M € | -5.6% | 3,1 M € | +12.9% | 2,7 M € | +15.7% | 2,4 M € | -0.1% | 2,4 M € | +11.0% | 2,1 M € | +5.4% | 2 M € | +5.0% | 1,9 M € | +1.8% | 1,9 M € | -1.2% | 1,9 M € | +13.0% | 1,7 M € | +0.6% | 1,7 M € | +16.9% | 1,4 M € | +3.3% | 1,4 M € | +7.8% | 1,3 M € | -0.2% | 1,3 M € |
| Total assets | 8 M € | -8.5% | 8,7 M € | -3.2% | 9 M € | +7.0% | 8,4 M € | +3.3% | 8,1 M € | -5.3% | 8,6 M € | +4.6% | 8,2 M € | +0.2% | 8,2 M € | +25.0% | 6,5 M € | +7.1% | 6,1 M € | +5.0% | 5,8 M € | +2.8% | 5,7 M € | +9.2% | 5,2 M € | +0.2% | 5,2 M € | +8.5% | 4,8 M € | +5.1% | 4,5 M € | -4.1% | 4,7 M € | +38.2% | 3,4 M € |
| Cash | 176,1 k € | -8.7% | 193 k € | +329% | 45 k € | -13.8% | 52,2 k € | -61.8% | 136,5 k € | -74.0% | 524,8 k € | +7460% | 6,9 k € | -97.9% | 324,9 k € | -33.8% | 490,7 k € | +289% | 126,1 k € | -15.3% | 148,8 k € | -44.3% | 267,3 k € | -31.2% | 388,7 k € | -20.6% | 489,6 k € | +57.2% | 311,4 k € | -14.9% | 366 k € | +186% | 128,1 k € | -55.3% | 286,4 k € |
| Debts | 4,9 M € | -9.9% | 5,4 M € | -0.2% | 5,4 M € | +17.7% | 4,6 M € | +0.5% | 4,6 M € | -18.2% | 5,6 M € | +8.7% | 5,2 M € | +0.2% | 5,1 M € | +42.0% | 3,6 M € | +1.2% | 3,6 M € | +14.2% | 3,1 M € | +5.7% | 3 M € | +16.6% | 2,5 M € | -3.3% | 2,6 M € | -1.3% | 2,7 M € | -1.2% | 2,7 M € | -7.3% | 2,9 M € | +72.2% | 1,7 M € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | 306,2 ETP | +1.2% | 302,7 ETP | -6.5% | 323,8 ETP | -0.4% | 325,2 ETP | +2.1% | 318,5 ETP | +2.5% | 310,6 ETP | -5.1% | 327,2 ETP | +4.0% | 314,6 ETP | +0.3% | 313,6 ETP | +2.4% | 306,2 ETP | +2.9% | 297,7 ETP | +3.0% | 289,1 ETP | +6.8% | 270,6 ETP | +2.7% | 263,4 ETP | +5.6% | 249,5 ETP | +0.9% | 247,2 ETP | -0.8% | 249,2 ETP | +5.2% | 236,9 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 8 active · 79 ended
Active mandates
Piet D'Haeyer
ActiveMatthias Tytgat
ActiveAnne Saveyn
Activelode Neyt
ActiveCaroline Van Driessche
ActiveJohan Heyman
ActiveKatia Moerman
ActiveKlaus Van Hoecke
ActiveEnded mandates
Anne Saveyn
Endedlode Neyt
EndedJan Tytgat
EndedPiet D'Haeyer
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full 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 | 28/04/2026 | 25/04/2025 | 26/04/2024 | 25/04/2023 | 28/04/2022 | 15/06/2021 |
| General meeting | 31/03/2026 | 01/04/2025 | 28/03/2024 | 30/03/2023 | 31/03/2022 | 02/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 31/03/2026 | 28/04/2026 | Dutch | |
| Full model | 31/12/2024 | 01/04/2025 | 25/04/2025 | Dutch | |
| Full model | 31/12/2023 | 28/03/2024 | 26/04/2024 | Dutch | |
| Full model | 31/12/2022 | 30/03/2023 | 25/04/2023 | Dutch | |
| Full model | 31/12/2021 | 31/03/2022 | 28/04/2022 | Dutch | |
| Full model | 31/12/2020 | 02/06/2021 | 15/06/2021 | Dutch | |
| Full model | 31/12/2019 | 09/06/2020 | 26/06/2020 | Dutch | |
| Full model | 31/12/2018 | 28/03/2019 | 25/04/2019 | Dutch | |
| Full model | 31/12/2017 | 10/04/2018 | 08/05/2018 | Dutch | |
| Full model | 31/12/2016 | 30/03/2017 | 27/04/2017 | Dutch | |
| Full model | 31/12/2015 | 24/03/2016 | 22/04/2016 | Dutch | |
| Full model | 31/12/2014 | 30/03/2015 | 27/04/2015 | Dutch | |
| Full model | 31/12/2013 | 27/03/2014 | 25/04/2014 | Dutch | |
| Full model | 31/12/2012 | 27/03/2013 | 26/04/2013 | Dutch | |
| Full model | 31/12/2011 | 27/03/2012 | 14/06/2012 | Dutch | |
| Full model | 31/12/2010 | 19/03/2011 | 08/06/2011 | Dutch | |
| Full model | 31/12/2009 | 19/03/2010 | 30/06/2010 | Dutch | |
| Full model | 31/12/2008 | 30/03/2009 | 02/07/2009 | Dutch | |
| Full model | 31/12/2007 | 19/03/2008 | 28/08/2008 | Dutch | |
| Full model | 31/12/2006 | 27/03/2007 | 05/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 1 M€ and 2,5 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 8 active · 79 ended
Active mandates
Piet D'Haeyer
ActiveMatthias Tytgat
ActiveAnne Saveyn
Activelode Neyt
ActiveCaroline Van Driessche
ActiveJohan Heyman
ActiveKatia Moerman
ActiveKlaus Van Hoecke
ActiveEnded mandates
Anne Saveyn
Endedlode Neyt
EndedJan Tytgat
EndedPiet D'Haeyer
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates04/02/2026ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates23/09/2025ONTSLAGEN - BENOEMINGEN
- Mandates08/01/2024ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates18/04/2023ONTSLAGEN - BENOEMINGEN
- Mandates16/01/2023ONTSLAGEN - BENOEMINGEN
- Mandates05/06/2018ONTSLAGEN - BENOEMINGEN
- Mandates05/06/2018ONTSLAGEN - BENOEMINGEN
- Mandates03/11/2016ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-139,4 k €↑
- 2024Annual accounts 2024-212,4 k €↓
- 2023Annual accounts 2023-170,7 k €↓
- 2022Annual accounts 2022421,7 k €↓
- 2021Annual accounts 2021441,5 k €↑
- 2020Annual accounts 202053,2 k €↓
- 2019Annual accounts 2019200,2 k €↑
- 2018Annual accounts 201894,3 k €↑
- 2017Annual accounts 201780,1 k €↑
- 2016Annual accounts 201676,3 k €↑
- 2014Annual accounts 201416,3 k €↓
- 2013Annual accounts 201334,8 k €↓
- 2012Annual accounts 201239,9 k €↓
- 2011Annual accounts 201177,9 k €↑
- 2010Annual accounts 201066,9 k €↑
- 2009Annual accounts 200920,8 k €↑
- 2008Annual accounts 200819,1 k €↓
- 2007Annual accounts 200755,1 k €
- 29/11/1993IncorporationNon-profit organization