ACTIVE

BELGABROED

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Financial year 2025 · closed on 31/12/2025

Net result

8,5 M €

+4.0% YoY

Revenue

114,9 M €

+6.7% YoY

Equity

28,4 M €

+43.1% YoY

Workforce

41,1 ETP

-11.2% YoY

What does BELGABROED do?

BELGABROED is a Public limited company incorporated in 2000. Its registered office is in Merksplas. It employs on average 41,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.704.349

Incorporation

22/12/2000

Legal form

Public limited company

Registered office

Steenweg op Hoogstraten 141
2330 Merksplas · FlandreSee on map

Contributed capital

2 979 932,05 €

Latest accounts

31/12/2025

Average workforce

41,1 ETP

Joint committees (6)

144
14400
200
20000
20014
218

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 14 financial years

	2025		2024		2022		2021		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	114,9 M €	+6.7%	107,6 M €	+5.3%	102,2 M €	+4.4%	97,9 M €	+6.0%	92,3 M €	+10.8%	83,3 M €	+8.5%	76,8 M €	+15.1%	66,7 M €	+22.0%	54,7 M €	+3.9%	52,6 M €	+7.3%	49 M €	+29.1%	38 M €	+0.9%	37,7 M €	+29.8%	29 M €
EBITDA	8,6 M €	+4.2%	8,3 M €	+116%	3,8 M €	+73.6%	2,2 M €	-7.4%	2,4 M €	-46.4%	4,4 M €	+296%	1,1 M €	-51.3%	2,3 M €	+1577%	137,5 k €	-95.2%	2,8 M €	-20.8%	3,6 M €	+177%	1,3 M €	-59.9%	3,2 M €	+56.5%	2,1 M €
Operating result	8,1 M €	+5.0%	7,7 M €	+154%	3 M €	+123%	1,4 M €	-23.2%	1,8 M €	-53.4%	3,8 M €	+651%	503,9 k €	-66.6%	1,5 M €	+708%	-248,5 k €	-112%	2 M €	-23.8%	2,7 M €	+251%	763,1 k €	-69.2%	2,5 M €	+92.9%	1,3 M €
Net result	8,5 M €	+4.0%	8,2 M €	+289%	2,1 M €	+142%	872,6 k €	-24.4%	1,2 M €	-48.4%	2,2 M €	+586%	326,2 k €	-71.8%	1,2 M €	+539%	-263,1 k €	-116%	1,7 M €	-14.2%	2 M €	+296%	496,7 k €	-76.4%	2,1 M €	+105%	1 M €
Balance sheet
Equity	28,4 M €	+43.1%	19,8 M €	-14.1%	23,1 M €	+10.1%	21 M €	+64.5%	12,8 M €	+9.9%	11,6 M €	+23.9%	9,4 M €	-2.8%	9,7 M €	+13.6%	8,5 M €	-3.0%	8,8 M €	+23.9%	7,1 M €	+38.6%	5,1 M €	-3.2%	5,3 M €	+65.8%	3,2 M €
Total assets	39,3 M €	+9.5%	35,9 M €	-21.1%	45,4 M €	-2.2%	46,5 M €	+110%	22,1 M €	-5.0%	23,2 M €	+17.3%	19,8 M €	+10.0%	18 M €	+15.3%	15,6 M €	+1.8%	15,4 M €	+14.1%	13,5 M €	+9.8%	12,3 M €	+7.0%	11,5 M €	+23.0%	9,3 M €
Cash	708,3 k €	+140%	295,4 k €	-57.9%	701,8 k €	-55.9%	1,6 M €	+246%	459,7 k €	-27.2%	631,4 k €	-36.4%	993,1 k €	+144%	407,4 k €	+55.9%	261,4 k €	-65.6%	759 k €	+90.3%	398,9 k €	+43.1%	278,7 k €	-23.7%	365,5 k €	-53.1%	780 k €
Debts	9,4 M €	-39.0%	15,4 M €	-28.7%	21,5 M €	-11.7%	24,4 M €	+171%	9 M €	-20.2%	11,3 M €	+13.6%	9,9 M €	+25.0%	8 M €	+18.1%	6,7 M €	+10.1%	6,1 M €	+3.7%	5,9 M €	-12.7%	6,8 M €	+16.9%	5,8 M €	-1.3%	5,9 M €
Other
Workforce	41,1 ETP	-11.2%	46,3 ETP	-7.4%	50,0 ETP	+0.2%	49,9 ETP	+12.1%	44,5 ETP	-2.8%	45,8 ETP	+19.3%	38,4 ETP	+11.3%	34,5 ETP	+5.8%	32,6 ETP	+27.8%	25,5 ETP	+20.9%	21,1 ETP	-5.8%	22,4 ETP	+1.8%	22,0 ETP	-1.8%	22,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 23 ended

Active mandates

Yellow Bird

Director · since 07 janvier 2026 · until 02 juin 2031 · 0713.807.360

Represented by Steven Vervaeke

Active

Carl Destrooper

Managing director · since 31 juillet 2023 · until 03 juin 2029

Active

Jan Destrooper

Director · since 31 juillet 2023 · until 03 juin 2029

Active

JEMIMO

Director · since 31 juillet 2023 · until 03 juin 2029 · 0731.706.632

Represented by Dirk Moonen

Active

Ended mandates

Steven Vervaeke

Director · since 31 juillet 2023 · until 03 juin 2029

Ended

Carl Destrooper

Director · since 01 juin 2022 · until 01 juin 2026

Ended

Jan Destrooper

Director · since 01 juin 2022 · until 01 juin 2026

Ended

JEMIMO

Director · since 03 décembre 2020 · until 01 juin 2026 · 0731.706.632

Represented by Dirk MOONEN

Ended

At this address

Other companies at this address

Company	CBE no.
DE KROON - DESTROOPER● Active	0418.608.250
INCUBEL● Active	0812.385.886
Pollo● Active	0465.070.854
Yellow Bird● Active	0713.807.360

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	22/07/2026	29/07/2025	10/01/2025	27/07/2023	29/06/2022	02/07/2021
General meeting	22/06/2026	30/06/2025	09/08/2024	30/06/2023	01/06/2022	01/06/2021
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	22/06/2026	22/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	29/07/2025	Dutch	PDF
Full model	31/12/2023	09/08/2024	10/01/2025	Dutch	PDF
Full model	31/12/2022	30/06/2023	27/07/2023	Dutch	PDF
Full model	31/12/2021	01/06/2022	29/06/2022	Dutch	PDF
Full model	31/12/2020	01/06/2021	02/07/2021	Dutch	PDF
Full model	31/12/2019	02/06/2020	29/06/2020	Dutch	PDF
Full model	31/12/2018	03/06/2019	18/07/2019	Dutch	PDF
Full model	31/12/2017	22/06/2018	20/07/2018	Dutch	PDF
Full model	31/12/2016	01/06/2017	11/08/2017	Dutch	PDF
Full model	31/12/2015	29/07/2016	31/08/2016	Dutch	PDF
Full model	31/12/2014	01/06/2015	25/08/2015	Dutch	PDF
Full model	31/12/2013	17/07/2014	28/08/2014	Dutch	PDF
Full model	31/12/2012	03/07/2013	26/08/2013	Dutch	PDF
Full model	31/12/2011	25/06/2012	14/08/2012	Dutch	PDF
Full model	31/12/2010	22/06/2011	02/08/2011	Dutch	PDF
Full model	31/12/2009	22/06/2010	04/08/2010	Dutch	PDF
Full model	31/12/2008	02/06/2009	24/07/2009	Dutch	PDF
Full model	31/12/2007	02/06/2008	14/07/2008	Dutch	PDF
Full model	31/12/2006	01/06/2007	28/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 4 active · 23 ended

Active mandates

Yellow Bird

Director · since 07 janvier 2026 · until 02 juin 2031 · 0713.807.360

Represented by Steven Vervaeke

Active

Carl Destrooper

Managing director · since 31 juillet 2023 · until 03 juin 2029

Active

Jan Destrooper

Director · since 31 juillet 2023 · until 03 juin 2029

Active

JEMIMO

Director · since 31 juillet 2023 · until 03 juin 2029 · 0731.706.632

Represented by Dirk Moonen

Active

Ended mandates

Steven Vervaeke

Director · since 31 juillet 2023 · until 03 juin 2029

Ended

Carl Destrooper

Director · since 01 juin 2022 · until 01 juin 2026

Ended

Jan Destrooper

Director · since 01 juin 2022 · until 01 juin 2026

Ended

JEMIMO

Director · since 03 décembre 2020 · until 01 juin 2026 · 0731.706.632

Represented by Dirk MOONEN

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring07/09/2023
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/06/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates14/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/04/2019
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 20258,5 M €↑
2024
Annual accounts 20248,2 M €↑
2022
Annual accounts 20222,1 M €↑
2021
Annual accounts 2021872,6 k €↓
2015
Annual accounts 20151,2 M €↓
2014
Annual accounts 20142,2 M €↑
2013
Annual accounts 2013326,2 k €↓
2012
Annual accounts 20121,2 M €↑
2011
Annual accounts 2011-263,1 k €↓
2010
Annual accounts 20101,7 M €↓
2009
Annual accounts 20092 M €↑
2008
Annual accounts 2008496,7 k €↓
2007
Annual accounts 20072,1 M €↑
2006
Annual accounts 20061 M €
22/12/2000
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

BELGABROED

Overview

What does BELGABROED do?

Trend over 14 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