ACTIVE

DE SUTTER - GOETHALS

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Financial year 2025 · closed on 31/12/2025

Net result

11,1 k €

-96.6% YoY

Gross margin

628,3 k €

-32.0% YoY

Equity

1,6 M €

+0.7% YoY

Workforce

8,3 ETP

-2.4% YoY

What does DE SUTTER - GOETHALS do?

DE SUTTER - GOETHALS is a Private limited company incorporated in 1998. Its registered office is in Lievegem. It employs on average 8,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.429.286

Incorporation

14/01/1998

Legal form

Private limited company

Registered office

Baetsdreef 12
9950 Lievegem · FlandreSee on map

Contributed capital

23 929,16 €

Latest accounts

31/12/2025

Average workforce

8,3 ETP

Joint committees (7)

124
1240
18
200
2000
20018
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	628,3 k €	-32.0%	924,5 k €	+537%	145,2 k €	+193%	-156,1 k €	-122%	720,3 k €	-78.0%	3,3 M €	-1.7%	3,3 M €	+49.4%	2,2 M €	-1.7%	2,3 M €	+6.7%	2,1 M €	-1.2%	2,1 M €	-7.6%	2,3 M €	+26.9%	1,8 M €	+6.0%	1,7 M €	-17.2%	2,1 M €	+8.3%	1,9 M €	+27.4%	1,5 M €	+0.2%	1,5 M €
EBITDA	15,3 k €	-95.2%	319,3 k €	+169%	-460,3 k €	+31.8%	-675,1 k €	-623%	129 k €	-95.2%	2,7 M €	-2.3%	2,7 M €	+55.1%	1,8 M €	-4.2%	1,8 M €	+8.2%	1,7 M €	-1.2%	1,7 M €	-8.1%	1,9 M €	+32.4%	1,4 M €	+7.7%	1,3 M €	-22.1%	1,7 M €	+18.6%	1,4 M €	+40.4%	1 M €	-2.8%	1 M €
Operating result	7,9 k €	-97.6%	327,9 k €	+172%	-458,6 k €	+32.3%	-677 k €	-730%	107,4 k €	-84.9%	710,7 k €	-28.9%	1 M €	+101%	496,8 k €	+74.2%	285,3 k €	-55.5%	640,4 k €	+88.0%	340,7 k €	-45.2%	621,6 k €	+144%	254,2 k €	+567%	38,1 k €	-93.0%	545,9 k €	+68.4%	324,2 k €	+6078%	5,2 k €	-97.5%	207,4 k €
Net result	11,1 k €	-96.6%	329,3 k €	+172%	-457,8 k €	+32.4%	-677,3 k €	-1000%	75,2 k €	-86.9%	575,1 k €	-16.5%	688,9 k €	+136%	292,5 k €	-35.0%	450,2 k €	-16.2%	537 k €	+65.0%	325,5 k €	-16.6%	390,1 k €	+58.8%	245,6 k €	-8.3%	267,8 k €	-37.1%	426 k €	+13.2%	376,4 k €	+198%	126,5 k €	-8.5%	138,2 k €
Balance sheet
Equity	1,6 M €	+0.7%	1,6 M €	+25.8%	1,3 M €	-26.4%	1,7 M €	-28.1%	2,4 M €	-57.9%	5,7 M €	+11.1%	5,2 M €	+15.4%	4,5 M €	+7.0%	4,2 M €	+12.1%	3,7 M €	+16.8%	3,2 M €	+11.4%	2,9 M €	+15.7%	2,5 M €	+11.0%	2,2 M €	+13.6%	2 M €	+28.3%	1,5 M €	+33.1%	1,2 M €	+12.1%	1 M €
Total assets	2,4 M €	-0.8%	2,4 M €	+17.6%	2,1 M €	-20.3%	2,6 M €	-22.2%	3,4 M €	-67.5%	10,3 M €	+16.7%	8,8 M €	+30.1%	6,8 M €	+11.4%	6,1 M €	+4.0%	5,9 M €	+2.2%	5,7 M €	+10.9%	5,2 M €	+12.9%	4,6 M €	-1.3%	4,6 M €	+8.5%	4,3 M €	+3.7%	4,1 M €	+0.8%	4,1 M €	+14.3%	3,6 M €
Cash	1,2 M €	+21.9%	975,1 k €	+70.2%	573 k €	-43.6%	1 M €	-39.8%	1,7 M €	-44.4%	3 M €	+2.3%	3 M €	+63.2%	1,8 M €	+23.8%	1,5 M €	-16.5%	1,8 M €	+38.9%	1,3 M €	-2.9%	1,3 M €	+65.9%	787,1 k €	+30.0%	605,4 k €	+6.5%	568,4 k €	-0.6%	572,1 k €	-23.6%	748,7 k €	+323%	177,1 k €
Debts	176 k €	-46.0%	325,9 k €	-49.6%	646,1 k €	+252%	183,6 k €	-55.5%	412,4 k €	-90.8%	4,5 M €	+24.9%	3,6 M €	+55.4%	2,3 M €	+21.8%	1,9 M €	-10.1%	2,1 M €	-16.6%	2,5 M €	+9.6%	2,3 M €	+9.5%	2,1 M €	-12.6%	2,4 M €	+5.1%	2,3 M €	-11.8%	2,6 M €	-11.8%	2,9 M €	+15.2%	2,6 M €
Other
Workforce	8,3 ETP	-2.4%	8,5 ETP	-5.6%	9,0 ETP	0.0%	9,0 ETP	+3.4%	8,7 ETP	-5.4%	9,2 ETP	-8.9%	10,1 ETP	+13.5%	8,9 ETP	+11.3%	8,0 ETP	0.0%	8,0 ETP	-18.4%	9,8 ETP	-3.9%	10,2 ETP	+6.2%	9,6 ETP	+7.9%	8,9 ETP	-4.3%	9,3 ETP	-19.8%	11,6 ETP	+1.8%	11,4 ETP	+4.6%	10,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

WESTBEKE

Director · since 31 mars 2021 · 0458.815.443

Represented by Luc De Sutter

Active

Ended mandates

CHRISTIANA GOETHALS

Managing director

Ended

Christiane Goethals

Director

Ended

Ghislain De Sutter

Director

Ended

GHISLENUS DE SUTTER

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
DESUMAT● Active	0770.682.717
De Sutter Junior● Active	1018.190.687
Desuvastgoed● Active	1015.761.531
GroSuMat● Active	0767.746.387
MOTJE● Active	0456.903.751
WESTBEKE● Active	0458.815.443

Annual accounts

Full financial information

	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	01/07/2026	27/05/2025	29/05/2024	26/05/2023	25/05/2022	24/06/2021
General meeting	30/06/2026	28/04/2025	29/04/2024	24/04/2023	25/04/2022	26/04/2021
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
Abridged model	31/12/2025	30/06/2026	01/07/2026	Dutch	PDF
Abridged model	31/12/2024	28/04/2025	27/05/2025	Dutch	PDF
Abridged model	31/12/2023	29/04/2024	29/05/2024	Dutch	PDF
Abridged model	31/12/2022	24/04/2023	26/05/2023	Dutch	PDF
Abridged model	31/12/2021	25/04/2022	25/05/2022	Dutch	PDF
Abridged model	31/12/2020	26/04/2021	24/06/2021	Dutch	PDF
Abridged model	31/12/2019	27/04/2020	25/06/2020	Dutch	PDF
Abridged model	31/12/2018	29/04/2019	27/06/2019	Dutch	PDF
Abridged model	31/12/2017	30/04/2018	16/06/2018	Dutch	PDF
Abridged model	31/12/2016	24/04/2017	23/06/2017	Dutch	PDF
Abridged model	31/12/2015	25/04/2016	18/06/2016	Dutch	PDF
Abridged model	31/12/2014	27/04/2015	19/06/2015	Dutch	PDF
Abridged model	31/12/2013	28/04/2014	22/05/2014	Dutch	PDF
Abridged model	31/12/2012	29/04/2013	23/06/2013	Dutch	PDF
Abridged model	31/12/2011	30/04/2012	19/06/2012	Dutch	PDF
Abridged model	31/12/2010	25/04/2011	22/06/2011	Dutch	PDF
Abridged model	31/12/2009	26/04/2010	25/06/2010	Dutch	PDF
Abridged model	31/12/2008	27/04/2009	12/06/2009	Dutch	PDF
Abridged model	31/12/2007	28/04/2008	17/06/2008	Dutch	PDF
Abridged model	31/12/2006	30/04/2007	05/06/2007	Dutch	PDF

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.

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 · 7 ended

Active mandates

WESTBEKE

Director · since 31 mars 2021 · 0458.815.443

Represented by Luc De Sutter

Active

Ended mandates

CHRISTIANA GOETHALS

Managing director

Ended

Christiane Goethals

Director

Ended

Ghislain De Sutter

Director

Ended

GHISLENUS DE SUTTER

Managing director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring12/07/2021
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring21/05/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates16/04/2021
BENAMING - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates09/05/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/01/2012
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates19/04/2011
DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates09/05/2005
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares14/03/2005
KAPITAAL - AANDELEN - DOEL - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202511,1 k €↓
2024
Annual accounts 2024329,3 k €↑
2023
Annual accounts 2023-457,8 k €↑
2022
Annual accounts 2022-677,3 k €↓
2021
Annual accounts 202175,2 k €↓
2018
Annual accounts 2018575,1 k €↓
2017
Annual accounts 2017688,9 k €↑
2016
Annual accounts 2016292,5 k €↓
2015
Annual accounts 2015450,2 k €↓
2014
Annual accounts 2014537 k €↑
2013
Annual accounts 2013325,5 k €↓
2012
Annual accounts 2012390,1 k €↑
2011
Annual accounts 2011245,6 k €↓
2010
Annual accounts 2010267,8 k €↓
2009
Annual accounts 2009426 k €↑
2008
Annual accounts 2008376,4 k €↑
2007
Annual accounts 2007126,5 k €↓
2006
Annual accounts 2006138,2 k €
14/01/1998
IncorporationPrivate 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

DE SUTTER - GOETHALS

Overview

What does DE SUTTER - GOETHALS do?

Trend over 18 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