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REX Panels & Profiles

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Financial year 2025 · closed on 31/12/2025

Net result

-7,8 M €

-49.2% YoY

Revenue

63,1 M €

+10.0% YoY

Equity

-798,4 k €

+85.0% YoY

Workforce

95,8 ETP

+45.6% YoY

What does REX Panels & Profiles do?

REX Panels & Profiles is a Public limited company incorporated in 2001. Its main activity is: Manufacture of basic iron and steel and of ferro-alloys. Its registered office is in Tournai. It employs on average 95,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.823.026

Incorporation

15/01/2001

Legal form

Public limited company

Registered office

Rue du Mont des Carliers(BL) 4
7522 Tournai · WallonieSee on map

Contributed capital

15 385 000,00 €

Latest accounts

31/12/2025

Average workforce

95,8 ETP

Activities (NACE)

24100Manufacture of basic iron and steel and of ferro-alloys· main 24100Manufacture of basic iron and steel and of ferro-alloys 25110Manufacture of metal structures and parts of structures 25110Manufacture of metal structures and parts of structures 27100Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus 28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines+6

Joint committees (2)

Signals

Healthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2011		2007
Income statement
Revenue	63,1 M €	+10.0%	57,4 M €	+0.2%	57,2 M €	-9.3%	63,1 M €	+34.1%	47 M €	+50.4%	31,3 M €	-2.3%	32 M €	+25.9%	25,4 M €	+16.8%	21,8 M €	+126%	9,6 M €	-41.3%	16,4 M €		–
EBITDA	-1 M €	-13.7%	-896 k €	+65.9%	-2,6 M €	-151%	5,2 M €	-16.7%	6,2 M €	+71.1%	3,6 M €	+34.8%	2,7 M €	-0.1%	2,7 M €	+17.7%	2,3 M €	+409%	-740,6 k €	-188%	837 k €	+38.8%	603,2 k €
Operating result	-5,5 M €	-66.9%	-3,3 M €	+63.1%	-9 M €	-627%	1,7 M €	-48.5%	3,3 M €	+94.9%	1,7 M €	+34.2%	1,3 M €	-14.9%	1,5 M €	+27.3%	1,2 M €	+181%	-1,4 M €	-934%	173,7 k €	-14.5%	203,1 k €
Net result	-7,8 M €	-49.2%	-5,2 M €	+50.4%	-10,6 M €	-1377%	828,4 k €	-66.7%	2,5 M €	+146%	1 M €	+2.6%	984,6 k €	-22.4%	1,3 M €	+39.5%	909,8 k €	-63.2%	2,5 M €	+20780%	11,8 k €	-69.3%	38,6 k €
Balance sheet
Equity	-798,4 k €	+85.0%	-5,3 M €	-2644%	209,5 k €	-98.1%	11,1 M €	+4.7%	10,6 M €	+25.5%	8,5 M €	+26.4%	6,7 M €	+12.0%	6 M €	+20.1%	5 M €	+31.7%	3,8 M €	+48.3%	2,5 M €	+76.4%	1,4 M €
Total assets	54,9 M €	-1.4%	55,7 M €	+24.7%	44,7 M €	-16.8%	53,7 M €	+32.5%	40,5 M €	+11.9%	36,2 M €	+25.3%	28,9 M €	+17.2%	24,7 M €	+14.9%	21,5 M €	+30.6%	16,4 M €	+27.5%	12,9 M €	+81.3%	7,1 M €
Cash	3,1 M €	+244%	888,9 k €	-6.3%	948,8 k €	-73.7%	3,6 M €	-11.4%	4,1 M €	+10.9%	3,7 M €	+8.3%	3,4 M €	+154%	1,3 M €	+84.7%	722,9 k €	+120%	327,9 k €	-58.0%	780,6 k €	+1256%	57,6 k €
Debts	54,6 M €	-9.0%	60 M €	+40.6%	42,7 M €	+0.5%	42,5 M €	+42.6%	29,8 M €	+7.9%	27,6 M €	+25.4%	22 M €	+19.2%	18,4 M €	+13.7%	16,2 M €	+28.6%	12,6 M €	+23.3%	10,2 M €	+87.2%	5,5 M €
Other
Workforce	95,8 ETP	+45.6%	65,8 ETP	+7.7%	61,1 ETP	+15.1%	53,1 ETP	+16.4%	45,6 ETP	+61.7%	28,2 ETP	-19.0%	34,8 ETP	+32.8%	26,2 ETP	+40.1%	18,7 ETP	+13.3%	16,5 ETP	-26.0%	22,3 ETP	+71.5%	13,0 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 24 ended

Active mandates

Stefaan Debusschere

Administrator - manager · since 03 avril 2026 · until 03 avril 2029

Active

COLLABOR

Managing director · since 14 octobre 2024 · until 16 mai 2030 · 0756.809.935

Represented by Olivier Bossuyt

Active

PENDRON

Director · since 22 juillet 2024 · until 16 mai 2030 · 0727.870.083

Represented by Bart Van den Eede

Active

Jan Vergote

Director · since 10 janvier 2024 · until 03 avril 2026

Active

Ended mandates

Jan Vergote

Director · since 10 janvier 2024 · until 10 janvier 2030

Ended

Thomas Goethals

Director · since 29 mai 2020 · until 29 mai 2026

Ended

MICHEL VERHELST

Director · since 30 juin 2018 · until 20 février 2024 · 0886.595.044

Represented by Annelies Lefevre

Ended

MICHEL VERHELST

Director · since 20 février 2018 · until 20 février 2024 · 0886.595.044

Represented by Michel Verhelst

Ended

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	01/07/2026	08/07/2025	29/08/2024	15/06/2023	03/03/2023	21/05/2021
General meeting	25/06/2026	27/06/2025	16/05/2024	22/05/2023	19/05/2022	20/05/2021
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	25/06/2026	01/07/2026	French	PDF
Full model	31/12/2024	27/06/2025	08/07/2025	French	PDF
Full model	31/12/2023	16/05/2024	29/08/2024	French	PDF
Full model	31/12/2022	22/05/2023	15/06/2023	French	PDF
Full modelCorrection	31/12/2021	19/05/2022	03/03/2023	French	PDF
Full model	31/12/2021	19/05/2022	30/06/2022	French	PDF
Full model	31/12/2020	20/05/2021	21/05/2021	French	PDF
Full model	31/12/2019	29/05/2020	17/06/2020	French	PDF
Full model	31/12/2018	26/04/2019	08/05/2019	French	PDF
Full model	31/12/2017	26/04/2018	09/05/2018	French	PDF
Full model	31/12/2016	24/03/2017	29/03/2017	French	PDF
Full model	31/12/2015	24/06/2016	22/07/2016	French	PDF
Full model	31/12/2014	30/06/2015	25/08/2015	French	PDF
Full model	31/12/2013	27/06/2014	29/07/2014	French	PDF
Full modelCorrection	31/03/2013	27/09/2013	07/07/2014	French	PDF
Full model	31/03/2013	27/09/2013	29/10/2013	French	PDF
Full model	31/03/2012	23/08/2012	10/10/2012	French	PDF
Full model	31/03/2011	23/09/2011	03/10/2011	French	PDF
Full model	31/03/2010	19/08/2010	23/09/2010	French	PDF
Full model	31/03/2009	20/08/2009	15/09/2009	French	PDF
Full model	31/03/2008	21/08/2008	19/09/2008	French	PDF
Abridged model	31/03/2007	16/08/2007	28/02/2008	French	PDF

Estimate

Indicative valuation

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 · 24 ended

Active mandates

Stefaan Debusschere

Administrator - manager · since 03 avril 2026 · until 03 avril 2029

Active

COLLABOR

Managing director · since 14 octobre 2024 · until 16 mai 2030 · 0756.809.935

Represented by Olivier Bossuyt

Active

PENDRON

Director · since 22 juillet 2024 · until 16 mai 2030 · 0727.870.083

Represented by Bart Van den Eede

Active

Jan Vergote

Director · since 10 janvier 2024 · until 03 avril 2026

Active

Ended mandates

Jan Vergote

Director · since 10 janvier 2024 · until 10 janvier 2030

Ended

Thomas Goethals

Director · since 29 mai 2020 · until 29 mai 2026

Ended

MICHEL VERHELST

Director · since 30 juin 2018 · until 20 février 2024 · 0886.595.044

Represented by Annelies Lefevre

Ended

MICHEL VERHELST

Director · since 20 février 2018 · until 20 février 2024 · 0886.595.044

Represented by Michel Verhelst

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/05/2026
DEMISSIONS, NOMINATIONS
PDF
Capital / shares16/04/2026
CAPITAL, ACTIONS
PDF
Mandates14/07/2025
DEMISSIONS, NOMINATIONS
PDF
Capital / shares28/03/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates18/12/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates12/11/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates23/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates07/06/2024
DEMISSIONS, NOMINATIONS
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

03/04/2026
nominationStefaan DEBUSSCHERE — administrateur
02/04/2026
augmentation_capital
2025
Annual accounts 2025-7,8 M €↓
13/03/2025
augmentation_capital
2024
Annual accounts 2024-5,2 M €↑
27/11/2024
reconductionSRL PwC Réviseurs d'Entreprises — commissaire
27/11/2024
nominationSRL PwC Réviseurs d'Entreprises — commissaire
27/11/2024
nominationWouter Coppens — représentant permanent du commissaire
14/10/2024
nominationCollabor BV — administrateur et administrateur délégué
22/07/2024
nominationPendron BV — administrateur
15/05/2024
nominationMichel Verhelst — administrateur
15/05/2024
nominationJan Vergote — administrateur délégué
10/01/2024
nominationJan Vergote — administrateur et président
10/01/2024
nominationBoo Cernila — administrateur
10/01/2024
nominationDirk Verbruggen — administrateur
2023
Annual accounts 2023-10,6 M €↓
29/05/2023
reconductionDe Poortere Ulrich — commissaire
2022
Annual accounts 2022828,4 k €↓
2021
Annual accounts 20212,5 M €↑
2020
Annual accounts 20201 M €↑
2019
Annual accounts 2019984,6 k €↓
2018
Annual accounts 20181,3 M €↑
2017
Annual accounts 2017909,8 k €↓
2015
Annual accounts 20152,5 M €↑
2013
Name changeREX Panels & Profiles
2011
Annual accounts 201111,8 k €↓
2010
Name changeBACACIER
2007
Annual accounts 200738,6 k €
2007
Name changeANTILIA
15/01/2001
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

REX Panels & Profiles

Overview

What does REX Panels & Profiles do?

Trend over 12 financial years

Board of directors

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