ACTIVE

KOIBA

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Financial year 2025 · Closed on 31/12/2025

Net result11 M €+127,7 %over 1 year

Revenue567,3 k €-2,4 %over 1 year

Equity127,6 M €+8,4 %over 1 year

Workforce1,3 ETP+18,2 %over 1 year

Identity

Source · BCE/KBO

KOIBA is a Public limited company incorporated in 1999. Its main activity is: Activities of holding companies. Its registered office is in Gent. It employs on average 1,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0465.495.377
Incorporation: 23/02/1999
Legal form: Public limited company
Registered office: Gentbruggekouter 7
9050 Gent · FlandreSee on map
Contributed capital: 32 950 595,39 €
Latest accounts: 31/12/2025
Average workforce: 1,3 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74142Specialised design activities 74151Specialised design activities 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate+4

Joint committees (5)

100
1000
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

Financials

Source · NBB, 30 filings

Trend over 11 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	567,3 k €	-2.4%	581,4 k €	-27.3%	800,3 k €	+33.0%	601,5 k €	+153%	237,7 k €
EBITDA	-368,6 k €	+47.2%	-698,2 k €	-87.5%	-372,4 k €	+47.6%	-710,4 k €	-668%	-92,5 k €
Operating result	-1,3 M €	-110%	-630,1 k €	+26.4%	-856,6 k €	+16.8%	-1 M €	-124%	-459,8 k €
Net result	11 M €	+128%	4,9 M €	+402%	-1,6 M €	-111%	14 M €	-65.7%	40,9 M €
Balance sheet
Equity	127,6 M €	+8.4%	117,8 M €	+3.6%	113,7 M €	-2.0%	116 M €	+13.7%	102 M €
Total assets	168,6 M €	+7.4%	157 M €	+2.1%	153,7 M €	-2.8%	158,2 M €	+1.9%	155,2 M €
Cash	1,5 M €	+19.8%	1,2 M €	-43.6%	2,1 M €	-22.0%	2,8 M €	-51.8%	5,7 M €
Debts	40,9 M €	+4.6%	39,1 M €	-1.7%	39,8 M €	-4.4%	41,7 M €	-21.2%	52,9 M €
Other
Workforce	1,3 ETP	+18.2%	1,1 ETP	0.0%	1,1 ETP	+10.0%	1,0 ETP	0.0%	1,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ann Steenbrugghe	Managing director14/09/2009 → 27/06/2029Gedelegeerd bestuurder30/06/2020 → 2021 accountsended
Mark Vandecruys	Managing director31/05/2008 → 27/06/2029Gedelegeerd bestuurder30/06/2020 → 2021 accountsendedChairman of the board of directors14/09/2009 → 2011 accountsendedDirector14/09/2009 → 2013 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Steven Geirnaert	Director14/09/2009 → 2011 accounts
Rene van Schaik	Directorlisted until the 2007 accounts

Other companies at this address

Gentbruggekouter 7 9050 Gent

Company	CBE no.
Koiba pillar 2● Active	1011.664.567
OHM● Active	0787.177.269

Full financial information

Source · NBB

	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	30/06/2026	15/07/2025	02/07/2024	09/08/2023	26/07/2022	27/07/2021
General meeting	24/06/2026	25/06/2025	26/06/2024	05/07/2023	27/06/2022	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, 30 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	24/06/2026	30/06/2026	Dutch	PDF
Full model	31/12/2024	25/06/2025	15/07/2025	Dutch	PDF
Consolidated accounts	31/12/2024	25/06/2025	07/07/2025	Dutch	PDF
Full model	31/12/2023	26/06/2024	02/07/2024	Dutch	PDF
Consolidated accounts	31/12/2023	26/06/2024	11/07/2024	Dutch	PDF
Full model	31/12/2022	05/07/2023	09/08/2023	Dutch	PDF
Consolidated accounts	31/12/2022	05/07/2023	09/08/2023	Dutch	PDF
Full model	31/12/2021	27/06/2022	26/07/2022	Dutch	PDF
Consolidated accounts	31/12/2021	27/06/2022	28/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	27/07/2021	Dutch	PDF
Consolidated accounts	31/12/2020	16/07/2021	27/07/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	31/08/2020	Dutch	PDF
Consolidated accounts	31/12/2019	30/09/2020	08/10/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	30/08/2019	Dutch	PDF
Consolidated accounts	31/12/2018	01/01/9999	30/09/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	12/07/2018	Dutch	PDF
Consolidated accounts	31/12/2017	03/08/2018	13/08/2018	Dutch	PDF
Full model	31/12/2016	12/05/2017	12/06/2017	Dutch	PDF
Consolidated accounts	31/12/2016	12/05/2017	12/06/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	27/07/2016	Dutch	PDF
Consolidated accounts	31/12/2015	30/06/2016	27/07/2016	Dutch	PDF
Abridged model	31/12/2014	15/10/2015	28/10/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	19/08/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	29/07/2013	Dutch	PDF

View all 30 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ann Steenbrugghe	Managing director14/09/2009 → 27/06/2029Gedelegeerd bestuurder30/06/2020 → 2021 accountsended
Mark Vandecruys	Managing director31/05/2008 → 27/06/2029Gedelegeerd bestuurder30/06/2020 → 2021 accountsendedChairman of the board of directors14/09/2009 → 2011 accountsendedDirector14/09/2009 → 2013 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Steven Geirnaert	Director14/09/2009 → 2011 accounts
Rene van Schaik	Directorlisted until the 2007 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates19/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/12/2023
BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/12/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares26/06/2017
KAPITAAL - AANDELEN
PDF
Mandates04/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2015
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings11 filings

Mandates

Mark Vandecruys

Ann Steenbrugghe

Steven GEIRNAERT

René van Schaik

1999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

KOIBAMark Vandecruys

Gentbruggekouter 7, 9050 Ledeberg (Gent)

Managing directorGedelegeerd bestuurderChairman of the board of directorsDirector

Managing directorGedelegeerd bestuurder

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Gentbruggekouter 7, 9050 Ledeberg (Gent)Current	accounts 2021 → 2025	Accounts 2025 · 2026-00259160

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
KOIBACurrent	accounts 2013 → 2025	Accounts 2025 · 2026-00259160
Mark Vandecruys	accounts 2007 → 2011	Accounts 2011 · 2012-20600216

Events

2025
Annual accounts 202511 M €↑
2024
Annual accounts 20244,9 M €↑
13/11/2024
nominationKPMG Bedrijfsrevisoren BV · commissaris
2023
Annual accounts 2023-1,6 M €↓
2022
Annual accounts 202214 M €↓
2021
Annual accounts 202140,9 M €↑
2014
Annual accounts 20142,9 M €↑
2013
Annual accounts 20132,6 M €↑
2013
Name changeKOIBA
2011
Annual accounts 2011220,9 k €↑
2010
Annual accounts 2010-87,3 k €↓
2008
Annual accounts 2008628,9 k €↑
2007
Annual accounts 200755,9 k €
23/02/1999
IncorporationPublic limited company

KOIBA

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events