ACTIVE

DR. NAERT

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Financial year 2025 · closed on 31/12/2025

Net result

182,8 k €

-21.8% YoY

Gross margin

249,3 k €

-14.2% YoY

Equity

1,3 M €

+16.9% YoY

What does DR. NAERT do?

DR. NAERT is a Private limited company incorporated in 2001. Its registered office is in Geraardsbergen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.729.282

Incorporation

03/05/2001

Legal form

Private limited company

Registered office

Onkerzelestraat(Onk) 54
9500 Geraardsbergen · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	249,3 k €	-14.2%	290,6 k €	+10.0%	264,1 k €	+41.8%	186,3 k €	-41.5%	318,4 k €	+112%	150,3 k €	-28.5%	210,4 k €	-3.2%	217,4 k €	+53.8%	141,4 k €	-31.1%	205,1 k €	-3.9%	213,4 k €	+11.8%	190,8 k €	+1.9%	187,2 k €	+2.6%	182,4 k €	+39.4%	130,8 k €	-6.2%	139,5 k €	-8.0%	151,6 k €	+1.5%	149,3 k €	+11.7%	133,6 k €	+4.6%	127,7 k €
EBITDA	247,3 k €	-14.3%	288,7 k €	+10.1%	262,2 k €	+43.1%	183,2 k €	-42.2%	316,7 k €	+113%	148,6 k €	-28.8%	208,8 k €	-3.2%	215,7 k €	+54.4%	139,7 k €	-31.4%	203,5 k €	-3.9%	211,7 k €	+11.9%	189,1 k €	+1.9%	185,6 k €	+2.5%	181,1 k €	+39.5%	129,8 k €	-6.2%	138,4 k €	-8.1%	150,6 k €	+1.5%	148,3 k €	+11.8%	132,7 k €	+4.7%	126,8 k €
Operating result	247,3 k €	-14.3%	288,4 k €	+10.4%	261,3 k €	+43.3%	182,4 k €	-42.2%	315,5 k €	+115%	146,7 k €	-28.9%	206,3 k €	-3.5%	213,8 k €	+54.6%	138,3 k €	-31.6%	202,1 k €	-3.8%	210,1 k €	+17.8%	178,4 k €	+2.0%	174,9 k €	+2.4%	170,7 k €	+43.0%	119,3 k €	+29.3%	92,3 k €	-17.2%	111,4 k €	+3.0%	108,2 k €	+16.9%	92,5 k €	+6.8%	86,6 k €
Net result	182,8 k €	-21.8%	233,8 k €	+28.6%	181,8 k €	+34.0%	135,7 k €	-39.5%	224,3 k €	+82.8%	122,7 k €	-11.8%	139 k €	-7.7%	150,6 k €	+75.0%	86 k €	-31.2%	125 k €	+54.3%	81 k €	-28.0%	112,6 k €	-6.8%	120,8 k €	+4.8%	115,3 k €	+31.3%	87,8 k €	+27.1%	69,1 k €	-19.8%	86,2 k €	+18.8%	72,5 k €	+10.0%	66 k €	+21.3%	54,4 k €
Balance sheet
Equity	1,3 M €	+16.9%	1,1 M €	+8.4%	999 k €	+10.7%	902,2 k €	+2.3%	881,5 k €	-8.9%	967,2 k €	+1.9%	949,5 k €	+17.2%	810,5 k €	-13.9%	941,3 k €	+10.1%	855,3 k €	+17.1%	730,2 k €	+12.5%	649,2 k €	+153%	257 k €	-43.0%	451,2 k €	+34.3%	335,9 k €	-25.0%	448,1 k €	+17.5%	381,4 k €	+3.0%	370,3 k €	+8.4%	341,5 k €	+23.2%	277,2 k €
Total assets	1,4 M €	+12.0%	1,2 M €	+11.1%	1,1 M €	-0.4%	1,1 M €	+5.9%	1,1 M €	-2.8%	1,1 M €	+3.1%	1,1 M €	+7.9%	978,2 k €	-0.8%	986,2 k €	-5.7%	1 M €	+8.5%	963,5 k €	+11.0%	868,1 k €	-5.9%	922,8 k €	+14.9%	802,8 k €	+20.9%	663,9 k €	+11.3%	596,3 k €	+13.5%	525,4 k €	+14.1%	460,6 k €	+7.9%	426,7 k €	+6.8%	399,4 k €
Cash	431 k €	+32.3%	325,9 k €	+47.1%	221,6 k €	-22.7%	286,5 k €	+128%	125,8 k €	-43.4%	222,1 k €	-10.2%	247,4 k €	+163%	94,2 k €	-17.9%	114,8 k €	-42.3%	199,1 k €	+2.0%	195,2 k €	+85.5%	105,2 k €	-60.7%	267,6 k €	+41.4%	189,3 k €	+6.5%	177,7 k €	+32.1%	134,5 k €	+0.9%	133,3 k €	+545%	20,7 k €	-57.3%	48,4 k €	-15.7%	57,4 k €
Debts	113,4 k €	-22.8%	147 k €	+35.1%	108,8 k €	-47.6%	207,8 k €	+23.1%	168,8 k €	+47.9%	114,1 k €	+15.0%	99,2 k €	-39.3%	163,3 k €	+560%	24,8 k €	-85.3%	168,1 k €	-21.3%	213,6 k €	+7.9%	197,9 k €	-69.4%	647,8 k €	+95.4%	331,5 k €	+4.3%	317,7 k €	+123%	142,3 k €	+0.8%	141,2 k €	+62.7%	86,8 k €	+9.4%	79,3 k €	-31.5%	115,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

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

Active mandates

NAERT Joost

Director

Active

Ended mandates

Joost Naert

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	28/06/2026	27/07/2025	26/09/2024	30/07/2023	10/08/2022	31/08/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	02/06/2022	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
Micro model	31/12/2025	05/06/2026	28/06/2026	Dutch	PDF
Micro model	31/12/2024	06/06/2025	27/07/2025	Dutch	PDF
Micro model	31/12/2023	07/06/2024	26/09/2024	Dutch	PDF
Micro model	31/12/2022	02/06/2023	30/07/2023	Dutch	PDF
Micro model	31/12/2021	02/06/2022	10/08/2022	Dutch	PDF
Micro model	31/12/2020	04/06/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	05/06/2020	31/08/2020	Dutch	PDF
Micro model	31/12/2018	07/06/2019	27/08/2019	Dutch	PDF
Micro model	31/12/2017	01/06/2018	29/08/2018	Dutch	PDF
Micro model	31/12/2016	02/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	09/07/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	28/06/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	01/07/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	01/07/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	02/07/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	30/06/2008	Dutch	PDF
Abridged 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 2,5 M€ and 5 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 · 1 active · 1 ended

Active mandates

NAERT Joost

Director

Active

Ended mandates

Joost Naert

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares31/05/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares07/03/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares20/07/2004
DIVERSEN - KAPITAAL - AANDELEN
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 2025182,8 k €↓
2024
Annual accounts 2024233,8 k €↑
2023
Annual accounts 2023181,8 k €↑
2023
Name changeDR. NAERT
2022
Annual accounts 2022135,7 k €↓
2021
Annual accounts 2021224,3 k €↑
2021
Name changeNAERT JOOST
2020
Annual accounts 2020122,7 k €↓
2019
Annual accounts 2019139 k €↓
2018
Annual accounts 2018150,6 k €↑
2017
Annual accounts 201786 k €↓
2016
Annual accounts 2016125 k €↑
2015
Annual accounts 201581 k €↓
2014
Annual accounts 2014112,6 k €↓
2013
Annual accounts 2013120,8 k €↑
2012
Annual accounts 2012115,3 k €↑
2011
Annual accounts 201187,8 k €↑
2010
Annual accounts 201069,1 k €↓
2009
Annual accounts 200986,2 k €↑
2008
Annual accounts 200872,5 k €↑
2007
Annual accounts 200766 k €↑
2006
Annual accounts 200654,4 k €
03/05/2001
IncorporationPrivate 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

DR. NAERT

Overview

What does DR. NAERT do?

Trend over 20 financial years

Indicative valuation

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