ACTIVE

NIELAN CONSTRUCT

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Financial year 2025 · closed on 30/09/2025

Net result

211,5 k €

+235.3% YoY

Gross margin

564,9 k €

+93.1% YoY

Equity

1,1 M €

+16.3% YoY

What does NIELAN CONSTRUCT do?

NIELAN CONSTRUCT is a Public limited company incorporated in 1998. Its main activity is: Construction of buildings. Its registered office is in Kaprijke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0463.534.294

Incorporation

10/06/1998

Legal form

Public limited company

Registered office

Eeklostraat 110
9971 Kaprijke · FlandreSee on map

Contributed capital

450 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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		2010		2009		2007		2006
Income statement
Gross margin	564,9 k €	+93.1%	292,5 k €	+6.2%	275,4 k €	-19.0%	339,9 k €	+33.5%	254,5 k €	+6.9%	238 k €	-15.9%	282,9 k €	+69.2%	167,3 k €	-11.6%	189,2 k €	+5.3%	179,6 k €	-28.9%	252,4 k €	+3.5%	243,9 k €	+61.6%	150,9 k €	-9.3%	166,3 k €	-14.5%	194,6 k €	+56.4%	124,4 k €	-9.1%	136,9 k €	+117%	63,2 k €	-99.0%	6,4 M €
EBITDA	550,9 k €	+102%	272,3 k €	+7.2%	254 k €	-7.8%	275,5 k €	+14.3%	241 k €	+6.6%	226 k €	-16.9%	271,9 k €	+72.4%	157,6 k €	-7.8%	171,1 k €	-4.4%	179 k €	-17.2%	216,2 k €	-9.8%	239,7 k €	+61.2%	148,7 k €	-8.9%	163,1 k €	-14.7%	191,2 k €	+57.2%	121,7 k €	-10.7%	136,3 k €	+117%	62,7 k €	-99.0%	6,2 M €
Operating result	333,6 k €	+177%	120,2 k €	+14.6%	105 k €	-20.4%	131,9 k €	+25.8%	104,8 k €	+39.4%	75,2 k €	-34.7%	115,1 k €	+73.3%	66,4 k €	-11.3%	74,9 k €	-12.0%	85,1 k €	-24.7%	113,1 k €	-40.2%	189,1 k €	+167%	70,7 k €	-26.7%	96,4 k €	-23.0%	125,3 k €	+88.5%	66,5 k €	-19.9%	83 k €	+139%	34,8 k €	-98.7%	2,7 M €
Net result	211,5 k €	+235%	63,1 k €	+52.4%	41,4 k €	-42.8%	72,4 k €	+47.9%	48,9 k €	+61.7%	30,2 k €	-47.0%	57,1 k €	+337%	13,1 k €	-63.0%	35,3 k €	-29.8%	50,3 k €	-32.6%	74,7 k €	-39.4%	123,1 k €	+168%	45,9 k €	-24.6%	60,9 k €	-21.9%	78 k €	+89.1%	41,2 k €	-35.3%	63,8 k €	+272%	17,1 k €	-98.9%	1,5 M €
Balance sheet
Equity	1,1 M €	+16.3%	956,5 k €	+5.5%	906,4 k €	+1.3%	895 k €	+8.8%	822,7 k €	+6.3%	773,7 k €	+4.1%	743,5 k €	+8.3%	686,4 k €	+1.9%	673,3 k €	+5.5%	638 k €	+8.6%	587,7 k €	+14.6%	513,1 k €	+31.6%	390 k €	+13.4%	344 k €	+21.5%	283,1 k €	+38.0%	205,1 k €	+25.2%	163,9 k €	+63.7%	100,1 k €	-98.8%	8,3 M €
Total assets	2,5 M €	+1.7%	2,4 M €	-5.2%	2,5 M €	-4.6%	2,7 M €	+7.4%	2,5 M €	+6.8%	2,3 M €	-6.4%	2,5 M €	-15.8%	3 M €	+21.8%	2,4 M €	+24.6%	1,9 M €	-1.7%	2 M €	+177%	714,2 k €	+12.7%	633,9 k €	+7.9%	587,6 k €	+4.1%	564,2 k €	+12.4%	502 k €	+12.5%	446,4 k €	+23.2%	362,3 k €	-99.0%	36,4 M €
Cash	318,2 k €	+324%	75,1 k €	+3674%	2 k €	+132%	857,4 €	-98.6%	61,7 k €	+11.4%	55,4 k €	-56.1%	126,3 k €	+2364%	5,1 k €	-75.7%	21,1 k €	-88.5%	184,4 k €	-42.3%	319,7 k €	+47.8%	216,3 k €	-5.3%	228,5 k €	+14.1%	200,3 k €	+469%	35,2 k €	+33.9%	26,3 k €	+1383%	1,8 k €	-94.6%	32,6 k €	-99.1%	3,6 M €
Debts	1,3 M €	-8.1%	1,4 M €	-11.4%	1,6 M €	-7.5%	1,8 M €	+6.2%	1,7 M €	+8.4%	1,5 M €	-12.2%	1,7 M €	-15.9%	2,1 M €	+21.5%	1,7 M €	+31.2%	1,3 M €	-4.9%	1,4 M €	+770%	156,9 k €	-32.5%	232,4 k €	-4.0%	242,1 k €	-6.5%	258,8 k €	-8.1%	281,8 k €	+10.2%	255,7 k €	+3.2%	247,8 k €	-99.1%	28 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,2 ETP		–		–		–		–		0,1 ETP		–		–		0,1 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 30/09/2025 · 2 active · 12 ended

Active mandates

ISABELLE BERTH

Managing director · since 01 octobre 2020 · until 31 mars 2026

Active

WILLY MINNAERT

Managing director · since 01 octobre 2020 · until 31 mars 2026

Active

Ended mandates

ISABELLE BERTH

Managing director · since 01 avril 2015 · until 31 mars 2021

Ended

WILLY MINNAERT

Managing director · since 01 avril 2015 · until 31 mars 2021

Ended

THIBEAU STEVESYNS

Director · since 01 octobre 2014

Ended

ANTOINE VANNEVEL

Director · until 30 septembre 2014

Ended

At this address

Other companies at this address

Company	CBE no.
DM Houtprojecten● Active	0783.545.115

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/04/2026	16/05/2025	12/04/2024	07/04/2023	30/03/2022	30/03/2021
General meeting	15/03/2026	15/04/2025	15/03/2024	15/03/2023	28/02/2022	01/03/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	15/03/2026	14/04/2026	Dutch	PDF
Abridged model	30/09/2024	15/04/2025	16/05/2025	Dutch	PDF
Abridged model	30/09/2023	15/03/2024	12/04/2024	Dutch	PDF
Abridged model	30/09/2022	15/03/2023	07/04/2023	Dutch	PDF
Abridged model	30/09/2021	28/02/2022	30/03/2022	Dutch	PDF
Abridged model	30/09/2020	01/03/2021	30/03/2021	Dutch	PDF
Abridged model	30/09/2019	28/02/2020	01/04/2020	Dutch	PDF
Abridged model	30/09/2018	28/02/2019	29/03/2019	Dutch	PDF
Abridged model	30/09/2017	28/02/2018	30/03/2018	Dutch	PDF
Abridged model	30/09/2016	28/02/2017	30/03/2017	Dutch	PDF
Abridged model	30/09/2015	28/02/2016	31/03/2016	Dutch	PDF
Abridged model	30/06/2014	30/11/2014	30/12/2014	Dutch	PDF
Abridged model	30/06/2013	30/11/2013	23/12/2013	Dutch	PDF
Abridged model	30/06/2012	30/11/2012	28/12/2012	Dutch	PDF
Abridged model	30/06/2011	30/11/2011	29/12/2011	Dutch	PDF
Abridged model	30/06/2010	30/11/2010	29/12/2010	Dutch	PDF
Abridged model	30/06/2009	15/12/2009	05/01/2010	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	26/06/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	08/06/2007	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 30/09/2025 · 2 active · 12 ended

Active mandates

ISABELLE BERTH

Managing director · since 01 octobre 2020 · until 31 mars 2026

Active

WILLY MINNAERT

Managing director · since 01 octobre 2020 · until 31 mars 2026

Active

Ended mandates

ISABELLE BERTH

Managing director · since 01 avril 2015 · until 31 mars 2021

Ended

WILLY MINNAERT

Managing director · since 01 avril 2015 · until 31 mars 2021

Ended

THIBEAU STEVESYNS

Director · since 01 octobre 2014

Ended

ANTOINE VANNEVEL

Director · until 30 septembre 2014

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office21/02/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates12/11/2020
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/03/2015
BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates19/11/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/06/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/01/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2008
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
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 2025211,5 k €↑
2024
Annual accounts 202463,1 k €↑
2023
Annual accounts 202341,4 k €↓
2022
Annual accounts 202272,4 k €↑
2021
Annual accounts 202148,9 k €↑
2020
Annual accounts 202030,2 k €↓
2019
Annual accounts 201957,1 k €↑
2018
Annual accounts 201813,1 k €↓
2017
Annual accounts 201735,3 k €↓
2016
Annual accounts 201650,3 k €↓
2015
Annual accounts 201574,7 k €↓
2014
Annual accounts 2014123,1 k €↑
2013
Annual accounts 201345,9 k €↓
2012
Annual accounts 201260,9 k €↓
2011
Annual accounts 201178 k €↑
2010
Annual accounts 201041,2 k €↓
2009
Annual accounts 200963,8 k €↑
2007
Annual accounts 200717,1 k €↓
2006
Annual accounts 20061,5 M €
10/06/1998
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

NIELAN CONSTRUCT

Overview

What does NIELAN CONSTRUCT 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