ACTIVE

BEL'EXPORT

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Financial year 2025 · closed on 31/12/2025

Net result

203,1 k €

+182.2% YoY

Revenue

58,8 M €

+11.9% YoY

Equity

2,4 M €

+8.8% YoY

Workforce

17,1 ETP

+8.2% YoY

What does BEL'EXPORT do?

BEL'EXPORT is a Public limited company incorporated in 1994. Its main activity is: Wholesale of fruit and vegetables. Its registered office is in Tongeren-Borgloon. It employs on average 17,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.096.709

Incorporation

04/03/1994

Legal form

Public limited company

Registered office

Neremveld 2
3840 Tongeren-Borgloon · FlandreSee on map

Contributed capital

1 283 000,00 €

Latest accounts

31/12/2025

Average workforce

17,1 ETP

Activities (NACE)

46319Wholesale of fruit and vegetables· main 46319Wholesale of fruit and vegetables 51310Air transport

Joint committees (4)

Signals

ProfitableGood 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 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008		2007		2006
Income statement
Revenue	58,8 M €	+11.9%	52,5 M €	+19.1%	44,1 M €	+49.7%	29,5 M €	+5.2%	28 M €	-5.3%	29,6 M €	-1.2%	29,9 M €	-34.6%	45,7 M €	+2.6%	44,6 M €	+15.8%	38,5 M €	-12.5%	44 M €	+1.1%	43,5 M €	-11.3%	49,1 M €	+18.9%	41,3 M €	-40.8%	69,7 M €	+209%	22,5 M €	-16.7%	27,1 M €		–		–
EBITDA	466,6 k €	+174%	170,2 k €	-83.2%	1 M €	-4.0%	1,1 M €	+81.5%	582 k €	+408%	-188,9 k €	-152%	366,6 k €	+65.6%	221,4 k €	-73.5%	836,4 k €	-59.3%	2,1 M €	+133%	883 k €	-34.9%	1,4 M €	+91.0%	710,8 k €	+243%	207,4 k €	+114%	-1,4 M €	-571%	-214,9 k €	-116%	1,3 M €	+199%	446,8 k €	-2.2%	456,7 k €
Operating result	375 k €	+1420%	24,7 k €	-97.7%	1,1 M €	+30.9%	831,7 k €	+82.4%	456,1 k €	+238%	-329,4 k €	-64.7%	-200,1 k €	+67.1%	-607,9 k €	-238%	441 k €	-63.6%	1,2 M €	+351%	268,4 k €	-75.6%	1,1 M €	+349%	245,2 k €	+1701%	13,6 k €	+101%	-2,5 M €	-718%	-299,6 k €	-127%	1,1 M €	+220%	347 k €	-17.9%	422,7 k €
Net result	203,1 k €	+182%	-247 k €	-136%	688,9 k €	-10.1%	766,2 k €	+81.6%	422 k €	+198%	-432,8 k €	-34.2%	-322,5 k €	+53.9%	-699,5 k €	-360%	268,7 k €	-54.1%	585,2 k €	+265%	160,5 k €	-82.6%	923,5 k €	+4927%	18,4 k €	+101%	-1,3 M €	+63.7%	-3,6 M €	-706%	-445,5 k €	-255%	286,7 k €	+443%	52,8 k €	-69.2%	171,7 k €
Balance sheet
Equity	2,4 M €	+8.8%	2,2 M €	-10.2%	2,5 M €	+37.9%	1,8 M €	+72.9%	1 M €	+64.5%	633,2 k €	-41.4%	1,1 M €	-24.1%	1,4 M €	-33.3%	2,1 M €	+17.9%	1,8 M €	+46.7%	1,2 M €	+14.0%	1,1 M €	+430%	204,2 k €	-5.6%	216,3 k €	+109%	-2,5 M €	-359%	960 k €	-31.7%	1,4 M €	+25.6%	1,1 M €	+5.0%	1,1 M €
Total assets	10,9 M €	-25.9%	14,7 M €	-25.3%	19,7 M €	+35.6%	14,6 M €	+5.8%	13,8 M €	+26.2%	10,9 M €	+4.6%	10,4 M €	-22.5%	13,4 M €	+11.4%	12,1 M €	+0.6%	12 M €	+12.8%	10,6 M €	-1.8%	10,8 M €	+7.8%	10 M €	-10.0%	11,2 M €	-19.3%	13,8 M €	+13.8%	12,1 M €	+51.2%	8 M €	+36.0%	5,9 M €	-3.4%	6,1 M €
Cash	105,2 k €	-75.6%	430,7 k €	-25.9%	581,3 k €	+54.0%	377,6 k €	-65.9%	1,1 M €	+44.5%	766,5 k €	+4341%	17,3 k €	-98.7%	1,4 M €	-20.8%	1,7 M €	+160%	664,1 k €	+10.8%	599,2 k €	+479%	103,5 k €	+27.1%	81,4 k €	-49.3%	160,7 k €	-14.9%	188,8 k €	-13.6%	218,6 k €	-68.0%	682,8 k €	+43.5%	475,9 k €	-27.0%	652,3 k €
Debts	8,5 M €	-31.9%	12,5 M €	-27.6%	17,2 M €	+35.3%	12,7 M €	+0.4%	12,7 M €	+24.0%	10,2 M €	+9.8%	9,3 M €	-21.4%	11,9 M €	+21.1%	9,8 M €	-1.0%	9,9 M €	+8.1%	9,1 M €	-4.7%	9,6 M €	-1.1%	9,7 M €	-10.3%	10,8 M €	-33.2%	16,2 M €	+44.9%	11,2 M €	+69.8%	6,6 M €	+38.5%	4,8 M €	-5.2%	5 M €
Other
Workforce	17,1 ETP	+8.2%	15,8 ETP	+53.4%	10,3 ETP	-3.7%	10,7 ETP	-7.0%	11,5 ETP	+4.5%	11,0 ETP	-0.9%	11,1 ETP	-5.9%	11,8 ETP	-9.9%	13,1 ETP	-15.5%	15,5 ETP	+0.6%	15,4 ETP	+13.2%	13,6 ETP	-3.5%	14,1 ETP	+2.9%	13,7 ETP	-4.2%	14,3 ETP	+3.6%	13,8 ETP	+3.8%	13,3 ETP	+35.7%	9,8 ETP	+28.9%	7,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 44 ended

Active mandates

Dieter Derwael

Managing director · since 27 décembre 2023 · until 28 juin 2029

Active

Gaston Derwael

Managing director · since 27 décembre 2023 · until 28 juin 2029

Active

Henri (Rik) Derwael

Managing director · since 27 décembre 2023 · until 28 juin 2029

Active

Henri Derwael

Managing director · since 27 décembre 2023 · until 28 juin 2029

Active

Joseph Derwael

Managing director · since 27 décembre 2023 · until 28 juin 2029

Active

Tony Derwael

Managing director · since 27 décembre 2023 · until 28 juin 2029

Active

Ended mandates

DIETER DERWAEL

Managing director · since 30 juin 2022 · until 30 juin 2028

Ended

GASTON DERWAEL

Managing director · since 30 juin 2022 · until 30 juin 2028

Ended

HENRI DERWAEL

Managing director · since 30 juin 2022 · until 30 juin 2028

Ended

JOSEPH DERWAEL

Managing director · since 30 juin 2022 · until 30 juin 2028

Ended

At this address

Other companies at this address

Company	CBE no.
BE.FRUIT● Active	0891.166.516
BORGLOON LOGISTIEK● Active	0472.445.329
DERWAEL● Active	0442.751.550
DERWAEL FRUITBEDRIJF● Active	0730.276.772
FRUITWERK● Active	0474.001.782
NEW GREEN● Active	0806.466.611

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	17/07/2026	23/08/2025	23/08/2024	21/12/2023	24/08/2022	31/08/2021
General meeting	28/06/2026	26/06/2025	27/06/2024	29/06/2023	30/06/2022	24/06/2021
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

24 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	28/06/2026	17/07/2026	Dutch	PDF
Full model	31/12/2024	26/06/2025	23/08/2025	Dutch	PDF
Full model	31/12/2023	27/06/2024	23/08/2024	Dutch	PDF
Full modelCorrection	31/12/2022	29/06/2023	21/12/2023	Dutch	PDF
Full model	31/12/2022	29/06/2023	09/08/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	24/08/2022	Dutch	PDF
Full model	31/12/2020	24/06/2021	31/08/2021	Dutch	PDF
Full model	31/12/2019	25/06/2020	10/07/2020	Dutch	PDF
Full model	31/08/2018	04/02/2019	19/04/2019	Dutch	PDF
Full model	31/08/2017	05/02/2018	27/03/2018	Dutch	PDF
Full model	31/08/2016	06/02/2017	24/03/2017	Dutch	PDF
Full model	31/08/2015	01/02/2016	12/05/2016	Dutch	PDF
Full model	31/08/2014	02/02/2015	31/03/2015	Dutch	PDF
Full modelCorrection	31/08/2013	31/03/2014	28/02/2015	Dutch	PDF
Full model	31/08/2013	31/03/2014	30/04/2014	Dutch	PDF
Full modelCorrection	31/08/2012	30/03/2013	11/02/2014	Dutch	PDF
Full model	31/08/2012	30/03/2013	31/05/2013	Dutch	PDF
Full modelCorrection	31/08/2011	31/03/2012	01/07/2013	Dutch	PDF
Full model	31/08/2011	06/02/2012	09/03/2013	Dutch	PDF
Full model	31/12/2009	13/10/2010	01/11/2010	Dutch	PDF
Full model	31/12/2008	30/10/2009	21/12/2009	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	29/08/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	30/08/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 6 active · 44 ended

Active mandates

Dieter Derwael

Managing director · since 27 décembre 2023 · until 28 juin 2029

Active

Gaston Derwael

Managing director · since 27 décembre 2023 · until 28 juin 2029

Active

Henri (Rik) Derwael

Managing director · since 27 décembre 2023 · until 28 juin 2029

Active

Henri Derwael

Managing director · since 27 décembre 2023 · until 28 juin 2029

Active

Joseph Derwael

Managing director · since 27 décembre 2023 · until 28 juin 2029

Active

Tony Derwael

Managing director · since 27 décembre 2023 · until 28 juin 2029

Active

Ended mandates

DIETER DERWAEL

Managing director · since 30 juin 2022 · until 30 juin 2028

Ended

GASTON DERWAEL

Managing director · since 30 juin 2022 · until 30 juin 2028

Ended

HENRI DERWAEL

Managing director · since 30 juin 2022 · until 30 juin 2028

Ended

JOSEPH DERWAEL

Managing director · since 30 juin 2022 · until 30 juin 2028

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Other11/12/2019
ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/09/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/11/2015
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 2025203,1 k €↑
2024
Annual accounts 2024-247 k €↓
2023
Annual accounts 2023688,9 k €↓
2022
Annual accounts 2022766,2 k €↑
2021
Annual accounts 2021422 k €↑
2020
Annual accounts 2020-432,8 k €↓
2019
Annual accounts 2019-322,5 k €↑
2018
Annual accounts 2018-699,5 k €↓
2017
Annual accounts 2017268,7 k €↓
2016
Annual accounts 2016585,2 k €↑
2015
Annual accounts 2015160,5 k €↓
2014
Annual accounts 2014923,5 k €↑
2013
Annual accounts 201318,4 k €↑
2012
Annual accounts 2012-1,3 M €↑
2011
Annual accounts 2011-3,6 M €↓
2009
Annual accounts 2009-445,5 k €↓
2008
Annual accounts 2008286,7 k €↑
2007
Annual accounts 200752,8 k €↓
2006
Annual accounts 2006171,7 k €
04/03/1994
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

BEL'EXPORT

Overview

What does BEL'EXPORT 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