ACTIVE

AU BLE D'OR

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Financial year 2025 · Closed on 31/12/2025

Net result270,1 k €-17,3 %over 1 year

Gross margin647,5 k €+4,7 %over 1 year

Equity2 M €-1,5 %over 1 year

Workforce1,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

AU BLE D'OR is a Private limited company incorporated in 1996. Its main activity is: Manufacture of bread; manufacture of fresh pastry goods and cakes. Its registered office is in Berchem-Sainte-Agathe. It employs on average 1,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0457.471.794
Incorporation: 11/03/1996
Legal form: Private limited company
Registered office: Rue Nestor Martin 301
1082 Berchem-Sainte-Agathe · BruxellesSee on map
Latest accounts: 31/12/2025
Average workforce: 1,0 ETP

Activities (NACE)

10712Manufacture of bread; manufacture of fresh pastry goods and cakes· main 10712Manufacture of bread; manufacture of fresh pastry goods and cakes 10730Manufacture of macaroni, noodles, couscous and similar farinaceous products 10730Manufacture of macaroni, noodles, couscous and similar farinaceous products 15812Manufacture of leather and related products 47241Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores+2

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	647,5 k €	+4.7%	618,7 k €	-26.7%	844,1 k €	-8.6%	923,6 k €	-11.7%	1 M €
EBITDA	534,8 k €	-4.2%	558 k €	-26.1%	754,8 k €	-13.2%	869,7 k €	-2.9%	895,9 k €
Operating result	336 k €	-21.8%	429,6 k €	-30.5%	617,9 k €	-9.6%	683,3 k €	-1.9%	696,2 k €
Net result	270,1 k €	-17.3%	326,7 k €	-30.5%	470 k €	-10.1%	523 k €	-0.7%	526,6 k €
Balance sheet
Equity	2 M €	-1.5%	2 M €	+1.4%	2 M €	-19.7%	2,4 M €	+26.0%	1,9 M €
Total assets	2,2 M €	-3.4%	2,3 M €	-11.7%	2,6 M €	+5.2%	2,5 M €	+7.2%	2,3 M €
Cash	539,2 k €	-58.0%	1,3 M €	-9.7%	1,4 M €	+28.1%	1,1 M €	+3.4%	1,1 M €
Debts	265,1 k €	-15.5%	313,6 k €	-51.3%	643,4 k €	+1754%	34,7 k €	-90.7%	372 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-76.2%	4,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 9 ended

Active mandates

CHRISITIAN TSELLOS

Managing director

Active

Ended mandates

NICOLAE SUTU

Associate · since 01 janvier 2013

Ended

ANTHONY MOGRABI

Manager

Ended

CHRISITIAN TSELLOS

Director

Ended

NICOLAS FRANCOIS TSELLOS

Manager

Ended

Full financial information

Source · NBB

	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	08/06/2026	07/07/2025	21/06/2024	22/05/2023	28/07/2022	30/07/2021
General meeting	22/05/2026	27/06/2025	14/06/2024	05/05/2023	24/06/2022	30/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	22/05/2026	08/06/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	07/07/2025	French	PDF
Abridged model	31/12/2023	14/06/2024	21/06/2024	French	PDF
Abridged model	31/12/2022	05/05/2023	22/05/2023	French	PDF
Abridged model	31/12/2021	24/06/2022	28/07/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	30/07/2021	French	PDF
Abridged model	31/12/2019	27/05/2020	18/06/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	08/07/2019	French	PDF
Abridged model	31/12/2017	08/06/2018	21/06/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	28/07/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	11/06/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	09/07/2015	French	PDF
Abridged model	31/12/2013	03/06/2014	23/06/2014	French	PDF
Abridged model	31/12/2012	07/06/2013	07/06/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	12/06/2012	French	PDF
Abridged model	31/12/2010	29/07/2011	25/08/2011	French	PDF
Abridged modelCorrection	31/12/2009	10/06/2010	14/07/2010	French	PDF
Abridged model	31/12/2009	10/06/2010	18/06/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	27/08/2009	French	PDF
Abridged model	31/12/2007	27/06/2008	25/07/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	24/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

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

1 active · 9 ended

Active mandates

CHRISITIAN TSELLOS

Managing director

Active

Ended mandates

NICOLAE SUTU

Associate · since 01 janvier 2013

Ended

ANTHONY MOGRABI

Manager

Ended

CHRISITIAN TSELLOS

Director

Ended

NICOLAS FRANCOIS TSELLOS

Manager

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates10/03/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates21/03/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Registered office16/09/2020
SIEGE SOCIAL - CAPITAL, ACTIONS
PDF
Mandates14/08/2018
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates19/06/2015
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Capital / shares23/03/2011
CAPITAL, ACTIONS
PDF
Mandates21/02/2011
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates24/02/2010
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 2025270,1 k €↓
2024
Annual accounts 2024326,7 k €↓
2023
Annual accounts 2023470 k €↓
2022
Annual accounts 2022523 k €↓
2021
Annual accounts 2021526,6 k €↓
2020
Annual accounts 2020669,4 k €↑
2019
Annual accounts 2019383,4 k €↑
2018
Annual accounts 2018330,8 k €↑
2017
Annual accounts 2017291,8 k €↑
2016
Annual accounts 2016194,5 k €↑
2015
Annual accounts 2015174,3 k €↑
2014
Annual accounts 2014112 k €↓
2013
Annual accounts 2013140 k €↑
2012
Annual accounts 201236,2 k €↑
2011
Annual accounts 201114,9 k €↑
2010
Annual accounts 201014 k €↓
2009
Annual accounts 200914,6 k €↑
2008
Annual accounts 2008-602 €↓
2007
Annual accounts 200762 k €↑
2006
Annual accounts 2006-41,9 k €
11/03/1996
IncorporationPrivate limited company

AU BLE D'OR

Overview

Identity

Financials

Valuation

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

Timeline