ACTIVE

VERSAVEL

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Financial year 2025 · closed on 31/12/2025

Net result

289,5 k €

-13.3% YoY

Gross margin

1,2 M €

+6.5% YoY

Equity

994,9 k €

+41.0% YoY

Workforce

17,2 ETP

+21.1% YoY

What does VERSAVEL do?

VERSAVEL is a Private limited company incorporated in 1998. Its main activity is: Manufacture of bread; manufacture of fresh pastry goods and cakes. Its registered office is in Ieper. It employs on average 17,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.727.196

Incorporation

15/12/1998

Legal form

Private limited company

Registered office

Meenseweg 221-223
8900 Ieper · FlandreSee on map

Contributed capital

7 605,32 €

Latest accounts

31/12/2025

Average workforce

17,2 ETP

Activities (NACE)

10712Manufacture of bread; manufacture of fresh pastry goods and cakes· main 10712Manufacture of bread; manufacture of fresh pastry goods and cakes 47110Retail sale in non-specialised stores with food, beverages or tobacco predominating 47113Retail sale in non-specialised stores with food, beverages or tobacco predominating 52113Warehousing and storage 52240Cargo handling+6

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,2 M €	+6.5%	1,1 M €	+20.1%	928,1 k €	+59.7%	581,2 k €	+1.3%	573,9 k €	+28.2%	447,7 k €	-13.1%	515,4 k €	+9.0%	473 k €	+8.8%	434,9 k €	-3.2%	449,3 k €	+6.8%	420,5 k €	+2.6%	410 k €	+6.7%	384,1 k €	+13.6%	338,2 k €	+1.9%	331,8 k €	+24.5%	266,5 k €	-1.6%	271 k €	-11.8%	307,2 k €	+0.3%	306,4 k €	-12.4%	349,7 k €
EBITDA	514,5 k €	+1.6%	506,3 k €	+124%	226,2 k €	+25.9%	179,7 k €	-34.4%	274 k €	+143%	112,5 k €	-27.0%	154,2 k €	+15.7%	133,3 k €	+14.0%	117 k €	+16.1%	100,8 k €	+31.7%	76,5 k €	-17.4%	92,6 k €	+67.8%	55,2 k €	-28.4%	77,1 k €	-27.0%	105,6 k €	+80.4%	58,5 k €	-33.8%	88,5 k €	-28.1%	123 k €	+21.3%	101,5 k €	-14.8%	119,1 k €
Operating result	411,8 k €	-0.7%	414,6 k €	+187%	144,2 k €	+25.3%	115,1 k €	-51.8%	239,1 k €	+231%	72,3 k €	-30.4%	103,9 k €	+42.8%	72,7 k €	+29.4%	56,2 k €	+42.8%	39,4 k €	+810%	4,3 k €	-79.3%	20,9 k €	+367%	-7,8 k €	-141%	18,8 k €	-52.6%	39,7 k €	+75.5%	22,6 k €	-60.2%	56,8 k €	-37.9%	91,5 k €	+28.0%	71,5 k €	+8.6%	65,8 k €
Net result	289,5 k €	-13.3%	334 k €	+457%	60 k €	-19.9%	75 k €	-62.4%	199,4 k €	+240%	58,6 k €	-25.5%	78,7 k €	+48.2%	53,1 k €	+65.7%	32,1 k €	+93.9%	16,5 k €	+206%	5,4 k €	-39.7%	9 k €	+150%	-17,9 k €	-402%	5,9 k €	-72.2%	21,3 k €	+44.6%	14,7 k €	-63.0%	39,8 k €	-40.5%	66,9 k €	+93.0%	34,6 k €	-42.8%	60,6 k €
Balance sheet
Equity	994,9 k €	+41.0%	705,5 k €	+23.5%	571,4 k €	+11.7%	511,4 k €	+17.2%	436,4 k €	+84.1%	237 k €	+8.5%	218,4 k €	+15.1%	189,7 k €	+0.1%	189,6 k €	+20.4%	157,5 k €	+0.0%	157,5 k €	-22.1%	202,1 k €	+4.6%	193,1 k €	-19.9%	241 k €	-18.3%	295,1 k €	+7.8%	273,8 k €	+5.7%	259 k €	+18.2%	219,2 k €	+25.7%	174,4 k €	+24.8%	139,7 k €
Total assets	1,9 M €	+7.5%	1,8 M €	+7.7%	1,7 M €	+6.3%	1,6 M €	+11.3%	1,4 M €	+123%	628,4 k €	+9.2%	575,4 k €	+4.2%	551,9 k €	+4.1%	530 k €	-0.8%	534,2 k €	-8.1%	581,4 k €	-4.9%	611,3 k €	+1.2%	604,1 k €	-11.5%	682,3 k €	-21.0%	863,6 k €	+66.6%	518,3 k €	+1.4%	511,1 k €	+8.3%	472 k €	+7.5%	439,3 k €	-6.3%	469 k €
Cash	508,6 k €	+62.0%	313,9 k €	-33.7%	473,6 k €	+32.7%	356,9 k €	-23.1%	464,3 k €	+52.8%	303,8 k €	+7.3%	283,2 k €	+38.3%	204,8 k €	+64.1%	124,8 k €	+4095%	3 k €	-96.2%	79,1 k €	-14.7%	92,7 k €	+45.7%	63,7 k €	-54.1%	138,8 k €	-55.4%	311,2 k €	+144%	127,5 k €	-2.9%	131,3 k €	+61.3%	81,4 k €	+202%	26,9 k €	-20.8%	34 k €
Debts	925,1 k €	-14.4%	1,1 M €	-0.6%	1,1 M €	+3.7%	1 M €	+8.7%	965 k €	+147%	391,4 k €	+9.7%	356,8 k €	-1.4%	362 k €	+6.5%	340,1 k €	-9.6%	376,3 k €	-11.1%	423,4 k €	+3.6%	408,6 k €	-0.4%	410,3 k €	-6.5%	438,8 k €	-22.5%	565,9 k €	+131%	244,6 k €	-3.0%	252,1 k €	-0.3%	252,8 k €	-4.6%	264,9 k €	-19.6%	329,3 k €
Other
Workforce	17,2 ETP	+21.1%	14,2 ETP	+8.4%	13,1 ETP	+50.6%	8,7 ETP	+13.0%	7,7 ETP	+5.5%	7,3 ETP	-6.4%	7,8 ETP	-7.1%	8,4 ETP	-6.7%	9,0 ETP	+7.1%	8,4 ETP	-6.7%	9,0 ETP	-8.2%	9,8 ETP	+18.1%	8,3 ETP	+22.1%	6,8 ETP	-10.5%	7,6 ETP	-12.6%	8,7 ETP	+38.1%	6,3 ETP	+6.8%	5,9 ETP	-9.2%	6,5 ETP	-14.5%	7,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 11 ended

Active mandates

T2M FINANCE

Director · since 28 août 2023 · 0675.650.926

Represented by Versavel MARLIES

Active

MASTER V MANAGEMENT

Director · 0756.585.350

Represented by Marieke Versavel

Active

ReMaBake

Director · 0757.976.212

Represented by Martin Versavel

Active

Ended mandates

MASTER V MANAGEMENT

Mandate · since 18 décembre 2020 · 0756.585.350

Represented by Marieke Versavel

Ended

Pain Marin

Mandate · since 18 décembre 2020 · 0757.973.836

Represented by Marijn Versavel

Ended

ReMaBake

Mandate · since 18 décembre 2020 · 0757.976.212

Represented by Martin Versavel

Ended

Marc Versavel

Director · until 30 septembre 2020

Ended

At this address

Other companies at this address

Company	CBE no.
Master Retail● Active	1041.516.120
Versavel Poperinge● Active	0788.619.797

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	30/07/2026	30/06/2025	22/07/2024	25/07/2023	02/07/2022	01/07/2021
General meeting	30/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	30/07/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	22/07/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	25/07/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	02/07/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	01/07/2021	Dutch	PDF
Abridged model	31/12/2019	11/07/2020	20/07/2020	Dutch	PDF
Abridged model	31/12/2018	29/06/2019	23/07/2019	Dutch	PDF
Abridged model	31/12/2017	31/07/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	31/07/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/07/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	24/07/2015	18/09/2015	Dutch	PDF
Abridged model	31/12/2013	21/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	15/07/2013	Dutch	PDF
Abridged model	31/12/2011	16/08/2012	24/09/2012	Dutch	PDF
Abridged model	31/12/2010	18/06/2011	22/07/2011	Dutch	PDF
Abridged model	31/12/2009	19/06/2010	26/07/2010	Dutch	PDF
Abridged model	31/12/2008	20/06/2009	27/08/2009	Dutch	PDF
Abridged model	31/12/2007	21/06/2008	14/07/2008	Dutch	PDF
Abridged model	31/12/2006	16/06/2007	26/06/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 11 ended

Active mandates

T2M FINANCE

Director · since 28 août 2023 · 0675.650.926

Represented by Versavel MARLIES

Active

MASTER V MANAGEMENT

Director · 0756.585.350

Represented by Marieke Versavel

Active

ReMaBake

Director · 0757.976.212

Represented by Martin Versavel

Active

Ended mandates

MASTER V MANAGEMENT

Mandate · since 18 décembre 2020 · 0756.585.350

Represented by Marieke Versavel

Ended

Pain Marin

Mandate · since 18 décembre 2020 · 0757.973.836

Represented by Marijn Versavel

Ended

ReMaBake

Mandate · since 18 décembre 2020 · 0757.976.212

Represented by Martin Versavel

Ended

Marc Versavel

Director · until 30 septembre 2020

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/02/2021
BENAMING - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/01/2007
KAPITAAL - AANDELEN - 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 2025289,5 k €↓
2024
Annual accounts 2024334 k €↑
2023
Annual accounts 202360 k €↓
2022
Annual accounts 202275 k €↓
2021
Annual accounts 2021199,4 k €↑
2020
Annual accounts 202058,6 k €↓
2020
Name changeVersavel
2019
Annual accounts 201978,7 k €↑
2018
Annual accounts 201853,1 k €↑
2017
Annual accounts 201732,1 k €↑
2016
Annual accounts 201616,5 k €↑
2015
Annual accounts 20155,4 k €↓
2014
Annual accounts 20149 k €↑
2013
Annual accounts 2013-17,9 k €↓
2012
Annual accounts 20125,9 k €↓
2011
Annual accounts 201121,3 k €↑
2010
Annual accounts 201014,7 k €↓
2009
Annual accounts 200939,8 k €↓
2008
Annual accounts 200866,9 k €↑
2007
Annual accounts 200734,6 k €↓
2006
Annual accounts 200660,6 k €
2006
Name changeVERSAVEL MARTIN EN MARC
15/12/1998
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

VERSAVEL

Overview

What does VERSAVEL do?

Trend over 20 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