ACTIVE

ERVO Projects

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Financial year 2025 · closed on 31/12/2025

Net result

42,9 k €

+131.7% YoY

Revenue

23,2 M €

-4.3% YoY

Equity

22,5 M €

+0.2% YoY

Workforce

98,6 ETP

-3.9% YoY

What does ERVO Projects do?

ERVO Projects is a Public limited company incorporated in 1999. Its main activity is: Manufacture of furniture. Its registered office is in Turnhout. It employs on average 98,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0468.125.463

Incorporation

08/12/1999

Legal form

Public limited company

Registered office

Slachthuisstraat 21
2300 Turnhout · FlandreSee on map

Contributed capital

4 298 812,12 €

Latest accounts

31/12/2025

Average workforce

98,6 ETP

Activities (NACE)

31001Manufacture of furniture· main 31010Manufacture of office and shop furniture 36121Water collection, treatment and supply 25999Manufacture of other fabricated metal products n.e.c.25999Manufacture of other fabricated metal products n.e.c.28753Manufacture of machinery and equipment n.e.c.

Joint committees (4)

111
11101
209
20900

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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
Revenue	23,2 M €	-4.3%	24,2 M €	-0.3%	24,3 M €	-4.8%	25,5 M €	+20.0%	21,3 M €	-2.8%	21,9 M €	+1.8%	21,5 M €	+18.4%	18,2 M €	-6.3%	19,4 M €	+17.6%	16,5 M €	+14.4%	14,4 M €	-8.7%	15,8 M €	+5.5%	15 M €	-13.0%	17,2 M €	+4.1%	16,5 M €	-20.1%	20,7 M €	+3.3%	20 M €	+16.6%	17,2 M €
EBITDA	1,8 M €	+5.2%	1,7 M €	+1.5%	1,6 M €	-7.7%	1,8 M €	-3.9%	1,9 M €	-1.7%	1,9 M €	-16.3%	2,3 M €	-11.3%	2,6 M €	+9.6%	2,3 M €	+1.7%	2,3 M €	+21.2%	1,9 M €	-5.8%	2 M €	-31.0%	2,9 M €	-2.0%	3 M €	+2.6%	2,9 M €	-2.2%	3 M €	-12.3%	3,4 M €	+1.1%	3,3 M €
Operating result	171,7 k €	+324%	-76,5 k €	-125%	301,8 k €	-48.9%	591,1 k €	+11.9%	528,3 k €	+3613%	14,2 k €	-95.3%	300,2 k €	-5.4%	317,3 k €	+4039%	-8,1 k €	-102%	343,5 k €	+219%	107,8 k €	-43.5%	190,7 k €	-69.5%	625,4 k €	+14.1%	548 k €	-7.3%	590,9 k €	-33.4%	887,9 k €	-43.2%	1,6 M €	+6.3%	1,5 M €
Net result	42,9 k €	+132%	-135,4 k €	-218%	114,4 k €	-77.8%	515,7 k €	+2.1%	505,3 k €	+241%	148,2 k €	-67.4%	455,2 k €	+7.7%	422,7 k €	+39332%	1,1 k €	-99.7%	311,3 k €	+5248%	5,8 k €	+31.7%	4,4 k €	-93.6%	69,3 k €	-63.4%	189,3 k €	+91.4%	98,9 k €	-72.3%	357,1 k €	-59.8%	888,7 k €	+8.5%	819,2 k €
Balance sheet
Equity	22,5 M €	+0.2%	22,4 M €	-0.6%	22,6 M €	+168%	8,4 M €	+5.7%	8 M €	+17.4%	6,8 M €	+1.1%	6,7 M €	+5.8%	6,3 M €	+8.2%	5,9 M €	+3.2%	5,7 M €	+4.7%	5,4 M €	-0.9%	5,5 M €	-1.0%	5,5 M €	+5.1%	5,2 M €	+10.7%	4,7 M €	+1.6%	4,7 M €	+6.2%	4,4 M €	+12.5%	3,9 M €
Total assets	49,2 M €	-2.7%	50,5 M €	+3.6%	48,8 M €	+294%	12,4 M €	+1.9%	12,2 M €	-16.7%	14,6 M €	-1.5%	14,8 M €	-18.2%	18,1 M €	-2.4%	18,5 M €	-1.0%	18,7 M €	-11.2%	21,1 M €	+2.3%	20,6 M €	-6.9%	22,2 M €	-6.6%	23,7 M €	+1.5%	23,4 M €	+2.3%	22,9 M €	+2.1%	22,4 M €	-2.3%	22,9 M €
Cash	378,1 k €	+266%	103,3 k €	-47.8%	198 k €	-57.9%	469,8 k €	+495%	79 k €	-76.4%	335,2 k €	+3770%	8,7 k €	-97.6%	360 k €	+191%	123,6 k €	+3.1%	119,9 k €	-46.4%	223,4 k €	+25.1%	178,6 k €	+20.7%	147,9 k €	-45.5%	271,6 k €	+52.0%	178,7 k €	-33.3%	267,9 k €	+65.4%	161,9 k €	+1539%	9,9 k €
Debts	22,6 M €	-5.7%	23,9 M €	+8.4%	22,1 M €	+460%	3,9 M €	-5.3%	4,2 M €	-45.7%	7,7 M €	-3.7%	8 M €	-31.4%	11,6 M €	-8.4%	12,7 M €	-3.0%	13,1 M €	-16.6%	15,7 M €	+3.6%	15,1 M €	-8.9%	16,6 M €	-10.0%	18,4 M €	-0.9%	18,6 M €	+2.3%	18,2 M €	+1.1%	18 M €	-5.2%	19 M €
Other
Workforce	98,6 ETP	-3.9%	102,6 ETP	+6.2%	96,6 ETP	-5.8%	102,5 ETP	-0.7%	103,2 ETP	-5.8%	109,5 ETP	+4.3%	105,0 ETP	+4.0%	101,0 ETP	+8.4%	93,2 ETP	+10.7%	84,2 ETP	0.0%	84,2 ETP	-3.9%	87,6 ETP	-3.8%	91,1 ETP	-1.6%	92,6 ETP	-7.4%	100,0 ETP	-5.7%	106,0 ETP	+10.6%	95,8 ETP	+4.4%	91,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 22 ended

Active mandates

Workspace Factories

Director · since 21 décembre 2023 · until 01 juin 2029 · 0782.492.466

Represented by Olivier ROBBERECHTS

Active

Ended mandates

Workspace Factories

Director · since 21 décembre 2023 · until 01 juin 2029 · 0782.492.466

Represented by Olivier Robberechts

Ended

Karin Verbeeck

Managing director · since 03 juin 2016 · until 11 octobre 2019

Ended

Karin Verbeeck

Managing director · since 03 juin 2016 · until 03 juin 2022

Ended

ROBBERECHTS HOLDING

Director · since 03 juin 2016 · until 03 juin 2022 · 0464.116.294

Represented by Robberechts Olivier

Ended

At this address

Other companies at this address

Company	CBE no.
prorob● Active	0808.179.749
ROBBERECHTS● Active	0423.718.170
ROBBERECHTS HOLDING● Active	0464.116.294

Annual accounts

Full financial information

	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	11/06/2026	17/07/2025	24/07/2024	04/07/2023	23/06/2022	18/06/2021
General meeting	05/06/2026	27/06/2025	28/06/2024	30/06/2023	03/06/2022	04/06/2021
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
Full model	31/12/2025	05/06/2026	11/06/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	17/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	24/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	04/07/2023	Dutch	PDF
Full model	31/12/2021	03/06/2022	23/06/2022	Dutch	PDF
Full model	31/12/2020	04/06/2021	18/06/2021	Dutch	PDF
Full model	31/12/2019	05/06/2020	24/06/2020	Dutch	PDF
Full model	31/12/2018	07/06/2019	12/06/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	08/06/2018	Dutch	PDF
Full model	31/12/2016	02/06/2017	26/06/2017	Dutch	PDF
Full model	31/12/2015	03/06/2016	01/07/2016	Dutch	PDF
Full model	31/12/2014	05/06/2015	02/07/2015	Dutch	PDF
Full model	31/12/2013	06/06/2014	04/07/2014	Dutch	PDF
Full model	31/12/2012	07/06/2013	19/06/2013	Dutch	PDF
Full model	31/12/2011	30/06/2012	13/07/2012	Dutch	PDF
Full model	31/12/2010	03/06/2011	01/07/2011	Dutch	PDF
Full model	31/12/2009	04/06/2010	01/07/2010	Dutch	PDF
Full model	31/12/2008	26/06/2009	15/07/2009	Dutch	PDF
Full model	31/12/2007	06/06/2008	19/08/2008	Dutch	PDF
Full model	31/12/2006	29/06/2007	13/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 22 ended

Active mandates

Workspace Factories

Director · since 21 décembre 2023 · until 01 juin 2029 · 0782.492.466

Represented by Olivier ROBBERECHTS

Active

Ended mandates

Workspace Factories

Director · since 21 décembre 2023 · until 01 juin 2029 · 0782.492.466

Represented by Olivier Robberechts

Ended

Karin Verbeeck

Managing director · since 03 juin 2016 · until 11 octobre 2019

Ended

Karin Verbeeck

Managing director · since 03 juin 2016 · until 03 juin 2022

Ended

ROBBERECHTS HOLDING

Director · since 03 juin 2016 · until 03 juin 2022 · 0464.116.294

Represented by Robberechts Olivier

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/10/2019
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates05/07/2018
ONTSLAGEN - BENOEMINGEN
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 202542,9 k €↑
2024
Annual accounts 2024-135,4 k €↓
2023
Annual accounts 2023114,4 k €↓
2022
Annual accounts 2022515,7 k €↑
2021
Annual accounts 2021505,3 k €↑
2018
Annual accounts 2018148,2 k €↓
2017
Annual accounts 2017455,2 k €↑
2016
Annual accounts 2016422,7 k €↑
2015
Annual accounts 20151,1 k €↓
2014
Annual accounts 2014311,3 k €↑
2013
Annual accounts 20135,8 k €↑
2012
Annual accounts 20124,4 k €↓
2011
Annual accounts 201169,3 k €↓
2010
Annual accounts 2010189,3 k €↑
2009
Annual accounts 200998,9 k €↓
2008
Annual accounts 2008357,1 k €↓
2007
Annual accounts 2007888,7 k €↑
2006
Annual accounts 2006819,2 k €
08/12/1999
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

ERVO Projects

Overview

What does ERVO Projects 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