ACTIVE

MELLOW

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Financial year 2025 · closed on 31/12/2025

Net result

37,8 k €

+79.2% YoY

Gross margin

61,3 k €

+5.0% YoY

Equity

169,6 k €

+8.8% YoY

What does MELLOW do?

MELLOW is a Private company with limited liability incorporated in 2002. Its main activity is: Retail sale of music and video recordings in specialised stores. Its registered office is in Koksijde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.735.796

Incorporation

19/02/2002

Legal form

Private company with limited liability

Registered office

Albert I Laan(Odk) 32 box A
8670 Koksijde · FlandreSee on map

Contributed capital

25 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

47639Retail sale of music and video recordings in specialised stores· main 47640Retail sale of sporting equipment in specialised stores 52482Warehousing and support activities for transportation 46496Wholesale of other household goods 46496Wholesale of other household goods 51476Air transport

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	61,3 k €	+5.0%	58,4 k €	-21.0%	73,9 k €	-12.5%	84,5 k €	+26.3%	66,9 k €	-59.1%	163,5 k €	+87.9%	87 k €	+7.3%	81,1 k €	-18.6%	99,6 k €	+8.0%	92,2 k €	-6.9%	99,1 k €	-2.8%	101,9 k €	+4.5%	97,5 k €	+18.7%	82,1 k €	-11.1%	92,4 k €	-27.4%	127,2 k €	-25.4%	170,4 k €	+59.6%	106,8 k €	-0.6%	107,4 k €	+114%	50,2 k €
EBITDA	57,3 k €	+15.0%	49,9 k €	+114%	23,3 k €	-68.6%	74,3 k €	+79.1%	41,5 k €	-69.8%	137,5 k €	+88.6%	72,9 k €	+16.2%	62,7 k €	-23.5%	82 k €	+82.4%	44,9 k €	+1.5%	44,3 k €	-21.0%	56 k €	+22.8%	45,6 k €	+46.5%	31,1 k €	-49.8%	62 k €	+1020%	5,5 k €	-84.3%	35,1 k €	-13.4%	40,6 k €	-16.8%	48,8 k €	+27.9%	38,1 k €
Operating result	52,4 k €	+64.2%	31,9 k €	-39.2%	52,6 k €	-10.8%	58,9 k €	+131%	25,5 k €	-21.9%	32,7 k €	-45.6%	60,1 k €	+30.1%	46,2 k €	-29.2%	65,3 k €	+150%	26,1 k €	-13.4%	30,2 k €	+4.6%	28,8 k €	-26.6%	39,3 k €	+83.0%	21,5 k €	-57.0%	49,9 k €	+402%	-16,5 k €	-195%	17,4 k €	+70.0%	10,2 k €	-68.9%	32,9 k €	+31.5%	25 k €
Net result	37,8 k €	+79.2%	21,1 k €	-42.2%	36,4 k €	-18.0%	44,4 k €	+152%	17,6 k €	-25.7%	23,7 k €	-51.2%	48,6 k €	+60.6%	30,3 k €	-33.8%	45,7 k €	+626%	6,3 k €	-72.7%	23,1 k €	+296%	5,8 k €	-76.0%	24,3 k €	+389%	5 k €	-82.7%	28,7 k €	+167%	-42,7 k €	-613%	-6 k €	-90.3%	-3,2 k €	-119%	16,6 k €	+64.8%	10,1 k €
Balance sheet
Equity	169,6 k €	+8.8%	155,8 k €	+7.6%	144,8 k €	+10.2%	131,3 k €	+20.6%	108,9 k €	+2.5%	106,3 k €	+18.7%	89,6 k €	+16.4%	76,9 k €	+0.4%	76,7 k €	+25.8%	61 k €	+0.5%	60,7 k €	+5.3%	57,6 k €	+11.2%	51,8 k €	+0.6%	51,5 k €	+5.6%	48,7 k €	+199%	16,3 k €	-72.4%	59 k €	-9.2%	65 k €	-4.6%	68,2 k €	+32.7%	51,4 k €
Total assets	769,2 k €	-8.3%	839,3 k €	-6.0%	892,6 k €	-10.3%	995,5 k €	-2.8%	1 M €	+6.2%	964,8 k €	+7.5%	897,3 k €	-0.1%	898,2 k €	+4.8%	856,7 k €	-5.9%	910,4 k €	-1.2%	921,2 k €	+8.6%	848,1 k €	+74.4%	486,2 k €	+9.4%	444,3 k €	+12.7%	394,2 k €	-3.0%	406,4 k €	-33.4%	609,8 k €	+15.6%	527,7 k €	+23.8%	426,2 k €	+19.1%	357,8 k €
Cash	228,9 k €	+13.0%	202,6 k €	-19.5%	251,7 k €	+30.4%	192,9 k €	+77.6%	108,6 k €	-59.4%	267,7 k €	+181%	95,3 k €	-17.8%	115,9 k €	+67.8%	69,1 k €	+2.4%	67,4 k €	-27.7%	93,3 k €	+301%	23,3 k €	-18.6%	28,6 k €	-36.4%	45 k €	+153%	17,8 k €	+19.1%	14,9 k €	+71.9%	8,7 k €	-7.5%	9,4 k €	-48.0%	18,1 k €	-33.6%	27,2 k €
Debts	572 k €	-12.8%	655,8 k €	-8.9%	720,3 k €	-13.9%	836,5 k €	-5.8%	888 k €	+6.9%	830,4 k €	+6.4%	780,2 k €	-1.7%	793,7 k €	+5.5%	752,4 k €	-8.5%	821,8 k €	-1.3%	833 k €	+9.2%	762,9 k €	+87.5%	406,8 k €	+11.4%	365,3 k €	+14.9%	317,9 k €	-5.7%	337 k €	-32.3%	497,7 k €	+22.4%	406,6 k €	+25.2%	324,6 k €	+5.9%	306,4 k €
Other
Workforce	–		0,1 ETP	-50.0%	0,2 ETP	+100%	0,1 ETP	-75.0%	0,4 ETP	0.0%	0,4 ETP	0.0%	0,4 ETP	-50.0%	0,8 ETP	-46.7%	1,5 ETP		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-47.4%	1,9 ETP	-29.6%	2,7 ETP	+108%	1,3 ETP	+18.2%	1,1 ETP	+120%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

Geatan Geluck

Director

Active

Ended mandates

Gaétan Geluck

Mandate

Ended

Gaétan Geluck

Director

Ended

Gaétan Geluck

Manager

Ended

Peter VANDEN BUSSCHE

Manager · until 31 décembre 2010

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	06/07/2026	23/04/2025	27/09/2024	31/08/2023	28/06/2022	31/08/2021
General meeting	11/06/2026	01/04/2025	16/09/2024	31/08/2023	07/06/2022	30/08/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	11/06/2026	06/07/2026	Dutch	PDF
Abridged model	31/12/2024	01/04/2025	23/04/2025	Dutch	PDF
Abridged model	31/12/2023	16/09/2024	27/09/2024	Dutch	PDF
Abridged model	31/12/2022	31/08/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	28/06/2022	Dutch	PDF
Abridged model	31/12/2020	30/08/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	17/06/2020	28/08/2020	Dutch	PDF
Abridged model	31/12/2018	06/03/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/03/2017	24/08/2017	31/08/2017	Dutch	PDF
Abridged model	31/03/2016	07/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/03/2015	02/09/2015	28/09/2015	Dutch	PDF
Abridged model	31/03/2014	02/07/2014	19/08/2014	Dutch	PDF
Abridged model	31/03/2013	27/05/2013	30/09/2013	Dutch	PDF
Abridged model	31/03/2012	08/06/2012	27/07/2012	Dutch	PDF
Abridged model	31/03/2011	24/10/2011	06/12/2011	Dutch	PDF
Abridged model	31/03/2010	10/11/2010	15/03/2011	Dutch	PDF
Abridged model	31/03/2009	12/09/2009	21/09/2009	Dutch	PDF
Abridged model	31/03/2008	30/09/2008	27/11/2008	Dutch	PDF
Abridged model	31/03/2007	29/09/2007	29/10/2007	Dutch	PDF
Abridged model	31/03/2006	25/11/2006	10/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 8 ended

Active mandates

Geatan Geluck

Director

Active

Ended mandates

Gaétan Geluck

Mandate

Ended

Gaétan Geluck

Director

Ended

Gaétan Geluck

Manager

Ended

Peter VANDEN BUSSCHE

Manager · until 31 décembre 2010

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other11/01/2018
ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other05/06/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/02/2011
ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/03/2006
MAATSCHAPPELIJKE ZETEL
PDF
Mandates07/10/2005
ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/10/2003
MAATSCHAPPELIJKE ZETEL
PDF
Mandates31/07/2003
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 202537,8 k €↑
2024
Annual accounts 202421,1 k €↓
2023
Annual accounts 202336,4 k €↓
2022
Annual accounts 202244,4 k €↑
2021
Annual accounts 202117,6 k €↓
2020
Annual accounts 202023,7 k €↓
2019
Annual accounts 201948,6 k €↑
2018
Annual accounts 201830,3 k €↓
2017
Annual accounts 201745,7 k €↑
2017
Annual accounts 20176,3 k €↓
2016
Annual accounts 201623,1 k €↑
2015
Annual accounts 20155,8 k €↓
2014
Annual accounts 201424,3 k €↑
2013
Annual accounts 20135 k €↓
2012
Annual accounts 201228,7 k €↑
2011
Annual accounts 2011-42,7 k €↓
2010
Annual accounts 2010-6 k €↓
2009
Annual accounts 2009-3,2 k €↓
2008
Annual accounts 200816,6 k €↑
2007
Annual accounts 200710,1 k €
19/02/2002
IncorporationPrivate company with limited liability

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

MELLOW

Overview

What does MELLOW 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