ACTIVE

DEX

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Financial year 2025 · closed on 31/12/2025

Net result

2,8 M €

+76.7% YoY

Revenue

89,4 M €

+56.5% YoY

Equity

13,3 M €

+4.6% YoY

Workforce

17,7 ETP

+0.6% YoY

What does DEX do?

DEX is a Public limited company incorporated in 1999. Its main activity is: Sale of cars and light motor vehicles. Its registered office is in Hooglede. It employs on average 17,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.985.120

Incorporation

04/10/1999

Legal form

Public limited company

Registered office

Bruggesteenweg 283
8830 Hooglede · FlandreSee on map

Contributed capital

104 149,93 €

Latest accounts

31/12/2025

Average workforce

17,7 ETP

Activities (NACE)

45113Sale of cars and light motor vehicles· main 47811Retail sale via stalls and markets of food, beverages and tobacco products 50103Sea and coastal passenger water transport 45201Maintenance and repair of motor vehicles 46190Agents involved in the sale of a variety of goods 46190Agents involved in the sale of a variety of goods+9

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2024		2023		2022		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	89,4 M €	+56.5%	57,1 M €	-16.9%	68,7 M €	+9.1%	63 M €	-8.8%	69,1 M €	+34.5%	51,4 M €	+15.8%	44,4 M €	+35.0%	32,9 M €	-3.8%	34,1 M €	+71.3%	19,9 M €	-21.5%	25,4 M €	+24.3%	20,4 M €	+1.8%	20,1 M €	-12.2%	22,8 M €	-3.6%	23,7 M €	+20.4%	19,7 M €	+19.2%	16,5 M €	+27.8%	12,9 M €
EBITDA	3,9 M €	+75.3%	2,2 M €	+4.9%	2,1 M €	+26.8%	1,7 M €	-49.5%	3,3 M €	+68.0%	2 M €	+5.9%	1,9 M €	+71.9%	1,1 M €	-22.4%	1,4 M €	+107%	679,5 k €	-31.0%	984,1 k €	+10.5%	890,5 k €	+54.0%	578,2 k €	-46.4%	1,1 M €	-13.0%	1,2 M €	+72.8%	717 k €	+16.0%	618,2 k €	+42.1%	435,2 k €
Operating result	3,9 M €	+77.9%	2,2 M €	+3.6%	2,1 M €	+31.7%	1,6 M €	-52.3%	3,3 M €	+107%	1,6 M €	-1.5%	1,6 M €	+93.2%	847,5 k €	-25.4%	1,1 M €	+171%	419,1 k €	-40.9%	708,9 k €	+14.9%	617,1 k €	+103%	304,7 k €	-68.8%	977,7 k €	-11.1%	1,1 M €	+91.7%	573,8 k €	+21.4%	472,5 k €	+57.7%	299,6 k €
Net result	2,8 M €	+76.7%	1,6 M €	+13.1%	1,4 M €	+22.4%	1,1 M €	-54.1%	2,5 M €	+129%	1,1 M €	+4.8%	1 M €	+93.0%	530,5 k €	-26.9%	725,4 k €	+392%	147,5 k €	-67.8%	458,1 k €	+10.3%	415,4 k €	+91.2%	217,2 k €	-67.0%	657,6 k €	-20.1%	823,4 k €	+120%	375 k €	+22.4%	306,4 k €	+50.9%	203 k €
Balance sheet
Equity	13,3 M €	+4.6%	12,7 M €	-2.2%	13 M €	-1.5%	13,2 M €	-5.7%	14 M €	+51.4%	9,3 M €	+13.1%	8,2 M €	+14.3%	7,2 M €	+8.0%	6,6 M €	+12.3%	5,9 M €	+2.6%	5,8 M €	+8.6%	5,3 M €	+8.5%	4,9 M €	+4.6%	4,7 M €	+5.0%	4,5 M €	+22.7%	3,6 M €	+11.5%	3,3 M €	+10.4%	2,9 M €
Total assets	23,4 M €	+13.3%	20,7 M €	+34.2%	15,4 M €	-34.2%	23,4 M €	+46.0%	16 M €	-15.1%	18,9 M €	+21.9%	15,5 M €	+7.7%	14,4 M €	+20.4%	12 M €	+31.7%	9,1 M €	+7.5%	8,4 M €	-2.4%	8,7 M €	+18.1%	7,3 M €	-3.4%	7,6 M €	+20.8%	6,3 M €	+19.5%	5,3 M €	+0.5%	5,2 M €	+14.1%	4,6 M €
Cash	253,1 k €	-13.3%	292,1 k €	+146%	118,9 k €	-43.7%	211,2 k €	-74.2%	818,7 k €	+342%	185,3 k €	-33.9%	280,5 k €	+191%	96,4 k €	-63.0%	260,6 k €	+588%	37,9 k €	+6.0%	35,7 k €	-49.8%	71,2 k €	+2399%	2,8 k €	-99.2%	337,3 k €	+6.7%	316,2 k €	+56.6%	201,9 k €	+308%	49,5 k €	+1.3%	48,9 k €
Debts	10,1 M €	+27.4%	7,9 M €	+235%	2,4 M €	-76.7%	10,1 M €	+412%	2 M €	-78.6%	9,3 M €	+34.3%	6,9 M €	+2.3%	6,8 M €	+42.9%	4,7 M €	+84.9%	2,6 M €	+22.5%	2,1 M €	-28.6%	2,9 M €	+32.2%	2,2 M €	-17.7%	2,7 M €	+65.6%	1,6 M €	+8.5%	1,5 M €	-20.2%	1,9 M €	+18.9%	1,6 M €
Other
Workforce	17,7 ETP	+0.6%	17,6 ETP	+15.0%	15,3 ETP	-2.5%	15,7 ETP	+0.6%	15,6 ETP	-6.0%	16,6 ETP	+36.1%	12,2 ETP	+9.9%	11,1 ETP	+1.8%	10,9 ETP	+9.0%	10,0 ETP	-30.1%	14,3 ETP	+57.1%	9,1 ETP	+3.4%	8,8 ETP	+14.3%	7,7 ETP	+6.9%	7,2 ETP	0.0%	7,2 ETP	+26.3%	5,7 ETP	+23.9%	4,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 22 ended

Active mandates

Flanders Capital

Director · 0787.524.390

Represented by Jean-Charles Verbaere

Active

Joost Huys

Managing director

Active

Lys Capital SARL

Director · 0787.461.836

Represented by Manuel Fremeau

Active

Ended mandates

Flanders Capital

Director · since 27 octobre 2022 · until 19 août 2027 · 0787.524.390

Represented by Fanny Van Hille

Ended

Flanders Capital

Director · since 27 octobre 2022 · 0787.524.390

Represented by Fanny Van Hille

Ended

Fanny Van Hille

Director · since 30 juin 2022 · until 27 octobre 2022

Ended

Joost Huys

Managing director · since 30 juin 2022 · until 19 août 2027

Ended

At this address

Other companies at this address

Company	CBE no.
Flanders Capital● Active	0787.524.390
MOBIMAX● Active	0699.510.649
REMAXX● Active	0831.272.182

Annual accounts

Full financial information

	2025	2024	2024	2023	2022	2021
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/03/2024	01/03/2023	01/03/2022	01/03/2021	01/03/2020
Closing of the financial year	31/12/2025	31/12/2024	29/02/2024	28/02/2023	28/02/2022	28/02/2021
Length of the financial year	12 months	10 months	12 months	12 months	12 months	12 months
Filing date	19/06/2026	18/07/2025	10/09/2024	08/09/2023	14/07/2022	17/09/2021
General meeting	04/06/2026	30/06/2025	30/08/2024	17/08/2023	24/06/2022	19/08/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	04/06/2026	19/06/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	18/07/2025	Dutch	PDF
Full model	29/02/2024	30/08/2024	10/09/2024	Dutch	PDF
Full model	28/02/2023	17/08/2023	08/09/2023	Dutch	PDF
Full modelCorrection	28/02/2022	24/06/2022	14/07/2022	Dutch	PDF
Full model	28/02/2022	24/06/2022	30/06/2022	Dutch	PDF
Full model	28/02/2021	19/08/2021	17/09/2021	Dutch	PDF
Full model	29/02/2020	20/08/2020	17/09/2020	Dutch	PDF
Full model	28/02/2019	16/08/2019	12/09/2019	Dutch	PDF
Full model	28/02/2018	16/08/2018	10/09/2018	Dutch	PDF
Full model	28/02/2017	28/08/2017	25/09/2017	Dutch	PDF
Full modelCorrection	29/02/2016	18/08/2016	27/09/2016	Dutch	PDF
Full model	29/02/2016	18/08/2016	22/08/2016	Dutch	PDF
Full model	31/12/2014	04/06/2015	03/07/2015	Dutch	PDF
Full model	31/12/2013	05/06/2014	06/06/2014	Dutch	PDF
Full model	31/12/2012	20/06/2013	11/07/2013	Dutch	PDF
Full model	31/12/2011	07/06/2012	07/06/2012	Dutch	PDF
Full model	31/12/2010	03/06/2011	28/06/2011	Dutch	PDF
Full model	31/12/2009	03/06/2010	05/07/2010	Dutch	PDF
Full model	31/12/2008	04/06/2009	26/06/2009	Dutch	PDF
Full model	31/12/2007	05/06/2008	14/06/2008	Dutch	PDF
Full model	31/12/2006	07/06/2007	28/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 22 ended

Active mandates

Flanders Capital

Director · 0787.524.390

Represented by Jean-Charles Verbaere

Active

Joost Huys

Managing director

Active

Lys Capital SARL

Director · 0787.461.836

Represented by Manuel Fremeau

Active

Ended mandates

Flanders Capital

Director · since 27 octobre 2022 · until 19 août 2027 · 0787.524.390

Represented by Fanny Van Hille

Ended

Flanders Capital

Director · since 27 octobre 2022 · 0787.524.390

Represented by Fanny Van Hille

Ended

Fanny Van Hille

Director · since 30 juin 2022 · until 27 octobre 2022

Ended

Joost Huys

Managing director · since 30 juin 2022 · until 19 août 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/02/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates24/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/01/2022
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring13/09/2019
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring19/07/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 20252,8 M €↑
2024
Annual accounts 20241,6 M €↑
2024
Annual accounts 20241,4 M €↑
2023
Annual accounts 20231,1 M €↓
2022
Annual accounts 20222,5 M €↑
2019
Annual accounts 20191,1 M €↑
2018
Annual accounts 20181 M €↑
2017
Annual accounts 2017530,5 k €↓
2016
Annual accounts 2016725,4 k €↑
2014
Annual accounts 2014147,5 k €↓
2013
Annual accounts 2013458,1 k €↑
2012
Annual accounts 2012415,4 k €↑
2011
Annual accounts 2011217,2 k €↓
2010
Annual accounts 2010657,6 k €↓
2009
Annual accounts 2009823,4 k €↑
2008
Annual accounts 2008375 k €↑
2007
Annual accounts 2007306,4 k €↑
2006
Annual accounts 2006203 k €
04/10/1999
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

DEX

Overview

What does DEX 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