ACTIVE

DE VELDHOEK

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Financial year 2025 · closed on 31/03/2025

Net result

1,3 M €

-60.2% YoY

Revenue

20,6 M €

+56.6% YoY

Equity

100,8 M €

+1.3% YoY

What does DE VELDHOEK do?

DE VELDHOEK is a Private limited company incorporated in 2002. Its main activity is: Activities of head offices. Its registered office is in Zonnebeke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.353.826

Incorporation

17/04/2002

Legal form

Private limited company

Registered office

Plasstraat 6
8980 Zonnebeke · FlandreSee on map

Contributed capital

6 959 315,22 €

Latest accounts

31/03/2025

Activities (NACE)

70100Activities of head offices· main 70100Activities of head offices 46215Wholesale of grain, unmanufactured tobacco, seeds and animal feeds 46215Wholesale of grain, unmanufactured tobacco, seeds and animal feeds

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2019		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	20,6 M €	+56.6%	13,2 M €	-22.4%	16,9 M €	+567%	2,5 M €	+355%	558 k €	+107%	270 k €	+350%	60 k €		–		–		–		–		–		–		–		–
EBITDA	924,3 k €	+35.7%	681 k €	+1.8%	668,7 k €	+222%	-546,5 k €	-225%	437,6 k €	+87.5%	233,5 k €	+387%	47,9 k €	-57.1%	111,6 k €	+110%	53,1 k €	-1.9%	54,2 k €	+10.0%	49,2 k €	+636%	6,7 k €	-4.6%	7 k €	-26.9%	9,6 k €	-0.5%	9,7 k €
Operating result	924,3 k €	+35.7%	681 k €	+1.8%	668,7 k €	+222%	-546,5 k €	-225%	437,6 k €	+87.5%	233,5 k €	+387%	47,9 k €	-57.1%	111,6 k €	+110%	53,1 k €	-1.9%	54,2 k €	+10.0%	49,2 k €	+636%	6,7 k €	-4.6%	7 k €	-26.9%	9,6 k €	-0.5%	9,7 k €
Net result	1,3 M €	-60.2%	3,3 M €	+166%	1,2 M €	-95.4%	26,9 M €	+3217%	811,5 k €	-96.1%	20,7 M €	+900%	2,1 M €	+1192%	160,4 k €	-98.4%	9,9 M €	+1115%	815,9 k €	-91.5%	9,6 M €	+2929%	316,5 k €	+4.0%	304,2 k €	+5.6%	288,1 k €	+1.6%	283,7 k €
Balance sheet
Equity	100,8 M €	+1.3%	99,5 M €	-3.5%	103,1 M €	+1.2%	101,9 M €	+66.9%	61,1 M €	+22.1%	50 M €	+70.8%	29,3 M €	+7.6%	27,2 M €	+0.6%	27 M €	+13.5%	23,8 M €	+3.5%	23 M €	+0.3%	22,9 M €	+108%	11 M €	+2.8%	10,7 M €	+2.8%	10,4 M €
Total assets	107,4 M €	+5.2%	102,2 M €	-3.9%	106,3 M €	+2.9%	103,3 M €	+40.2%	73,7 M €	-2.9%	75,9 M €	+159%	29,3 M €	+7.6%	27,2 M €	-19.3%	33,8 M €	+41.5%	23,9 M €	+3.5%	23,1 M €	+0.4%	23 M €	+108%	11 M €	+2.9%	10,7 M €	+2.8%	10,5 M €
Cash	1,4 M €	-81.3%	7,3 M €	+404%	1,4 M €	-70.8%	4,9 M €	+553%	754,9 k €	-82.1%	4,2 M €	-24.6%	5,6 M €	+29.5%	4,3 M €	+353%	953 k €	-13.2%	1,1 M €	+260%	305,1 k €	+25.1%	243,9 k €	+461%	43,5 k €	+8.0%	40,3 k €	+17.3%	34,3 k €
Debts	6,7 M €	+149%	2,7 M €	-15.8%	3,2 M €	+122%	1,4 M €	-88.7%	12,7 M €	-51.1%	25,9 M €	+63052%	41 k €	+5.6%	38,8 k €	-99.4%	6,7 M €	+14244%	46,9 k €	-24.6%	62,2 k €	+81.1%	34,4 k €	+4.2%	33 k €	+12.2%	29,4 k €	-0.7%	29,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 3 active · 13 ended

Active mandates

Fien Stubbe

Director

Active

Goedele Masschelein

Managing director

Active

Lieven Stubbe

Managing director

Active

Ended mandates

Fien Stubbe

Director · since 01 janvier 2024

Ended

Goedele Masschelein

Director · since 29 mars 2017

Ended

Lieven Stubbe

Director · since 29 mars 2017

Ended

M.S.T. BVBA

Manager · since 03 septembre 2010 · 0897.370.358

Represented by Lieven STUBBE

Ended

At this address

Other companies at this address

Company	CBE no.
FISCALE GROEP STUBBE● Active	0809.996.025
IMMO STUBBE● Active	0474.056.420
TABAKSBEDRIJF STUBBE● Active	0431.207.164

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	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/10/2025	10/10/2024	27/10/2023	29/09/2022	04/10/2021	09/10/2020
General meeting	19/09/2025	30/09/2024	30/09/2023	08/09/2022	09/09/2021	30/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2025	19/09/2025	16/10/2025	Dutch	PDF
Full model	31/03/2024	30/09/2024	10/10/2024	Dutch	PDF
Full model	31/03/2023	30/09/2023	27/10/2023	Dutch	PDF
Full model	31/03/2022	08/09/2022	29/09/2022	Dutch	PDF
Full model	31/03/2021	09/09/2021	04/10/2021	Dutch	PDF
Full model	31/03/2020	30/09/2020	09/10/2020	Dutch	PDF
Full model	31/03/2019	12/09/2019	30/09/2019	Dutch	PDF
Full model	31/03/2018	13/09/2018	12/10/2018	Dutch	PDF
Full model	30/09/2016	09/03/2017	16/03/2017	Dutch	PDF
Full model	30/09/2015	10/03/2016	18/03/2016	Dutch	PDF
Full model	30/09/2014	12/03/2015	20/03/2015	Dutch	PDF
Full model	30/09/2013	13/03/2014	14/03/2014	Dutch	PDF
Full model	30/09/2012	14/03/2013	18/03/2013	Dutch	PDF
Full model	30/09/2011	08/03/2012	09/03/2012	Dutch	PDF
Full model	30/09/2010	10/03/2011	29/03/2011	Dutch	PDF
Full model	30/09/2009	11/03/2010	23/03/2010	Dutch	PDF
Abridged model	30/09/2008	12/03/2009	09/04/2009	Dutch	PDF
Abridged model	30/09/2007	13/03/2008	01/04/2008	Dutch	PDF
Abridged model	30/09/2006	08/03/2007	29/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 31/03/2025 · 3 active · 13 ended

Active mandates

Fien Stubbe

Director

Active

Goedele Masschelein

Managing director

Active

Lieven Stubbe

Managing director

Active

Ended mandates

Fien Stubbe

Director · since 01 janvier 2024

Ended

Goedele Masschelein

Director · since 29 mars 2017

Ended

Lieven Stubbe

Director · since 29 mars 2017

Ended

M.S.T. BVBA

Manager · since 03 septembre 2010 · 0897.370.358

Represented by Lieven STUBBE

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other19/03/2026
ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates30/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/01/2024
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring26/04/2017
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring21/02/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares16/10/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

19/09/2025
reconductionVRC Bedrijfsrevisoren BV — commissaris
2025
Annual accounts 20251,3 M €↓
2024
Annual accounts 20243,3 M €↑
01/01/2024
nominationFien STUBBE — bestuurder
2023
Annual accounts 20231,2 M €↓
08/09/2022
nominationVander Donckt À Roobrouck - Christiaens Bedrijfsrevisoren — commissaris
2022
Annual accounts 202226,9 M €↑
2019
Annual accounts 2019811,5 k €↓
2016
Annual accounts 201620,7 M €↑
2015
Annual accounts 20152,1 M €↑
2014
Annual accounts 2014160,4 k €↓
2013
Annual accounts 20139,9 M €↑
2012
Annual accounts 2012815,9 k €↓
2011
Annual accounts 20119,6 M €↑
2010
Annual accounts 2010316,5 k €↑
2009
Annual accounts 2009304,2 k €↑
2008
Annual accounts 2008288,1 k €↑
2007
Annual accounts 2007283,7 k €
17/04/2002
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

DE VELDHOEK

Overview

What does DE VELDHOEK do?

Trend over 15 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