ACTIVE

SMULDERS GROUP

Financial year 2025 · Closed on 31/12/2025

Net result16,9 M €-59,7 %over 1 year

Revenue644,6 k €+52,5 %over 1 year

Equity33,2 M €+103,6 %over 1 year

Identity

Source · BCE/KBO

SMULDERS GROUP is a Public limited company incorporated in 2013. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Arendonk.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0533.835.144
Incorporation: 29/04/2013
Legal form: Public limited company
Registered office: Hoge Mauw 200
2370 Arendonk · FlandreSee on map
Contributed capital: 10 000 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures

Signals

ProfitablePositive cashflowPositive EBITDA

Financials

Source · NBB, 22 filings

Trend over 13 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	644,6 k €	+52.5%	422,8 k €	+20.7%	350,1 k €	+25.8%	278,4 k €	-7.6%	301,2 k €
EBITDA	258,4 k €	+61.9%	159,6 k €	-60.1%	400,1 k €	+489%	-103 k €	-187%	119 k €
Operating result	19,9 k €	+186%	-23,2 k €	-108%	281,7 k €	+223%	-229,1 k €	-2668%	8,9 k €
Net result	16,9 M €	-59.7%	41,9 M €	+22544%	185,2 k €	-30.6%	267,1 k €	-50.0%	534,2 k €
Balance sheet
Equity	33,2 M €	+104%	16,3 M €	+13.6%	14,4 M €	+1.3%	14,2 M €	+1.9%	13,9 M €
Total assets	694,5 M €	+81.6%	382,5 M €	+34.2%	285,1 M €	+61.8%	176,2 M €	+90.1%	92,7 M €
Cash	774,5 k €	-99.4%	119,3 M €	+45.5%	82 M €	+123%	36,8 M €	+527%	5,9 M €
Debts	657,7 M €	+81.5%	362,4 M €	+34.5%	269,5 M €	+68.4%	160 M €	+108%	77 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Gunter SANNEN	Director02/05/2013 → 26/05/2028
Antoine VANHEUVERSWYN	Director29/05/2019 → 26/05/2028
Guillaume SAUVE	Director19/05/2020 → 26/05/2028
Raf IEMANTS	Director09/05/2025 → 19/01/2026Managing director02/05/2013 → 2015 accountsended
David MUYLAERT	Persoon belast met dagelijks bestuur

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Rafaël Iemants	Managing director05/05/2023 → 2024 accounts
Sauvé Guillamue	Director05/05/2023 → 2024 accounts
Hervé Rolland	Director19/06/2015 → 2018 accounts

Other companies at this address

Hoge Mauw 200 2370 Arendonk

Company	CBE no.
IEMANTS● Active	0456.528.520
JV Iemants - Eiffage Métal - Project "Deutsche Bucht"● Active	0678.776.702
Lonete B.V.● Active	0461.919.344
SMULDERS PROJECTS BELGIUM● Active	0865.525.060
THV IEMANTS - JAN DE NUL● Active	0666.845.603

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Consolidated accounts
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	06/08/2026	28/06/2025	27/06/2024	06/06/2023	03/06/2022	24/08/2021
General meeting	04/05/2026	09/05/2025	03/05/2024	05/05/2023	06/05/2022	01/01/9999
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	04/05/2026	06/08/2026	Dutch	PDF
Full model	31/12/2024	09/05/2025	28/06/2025	Dutch	PDF
Consolidated accounts	31/12/2024	30/06/2025	29/12/2025	Dutch	PDF
Full model	31/12/2023	03/05/2024	27/06/2024	Dutch	PDF
Consolidated accounts	31/12/2023	30/10/2024	14/04/2025	Dutch	PDF
Full model	31/12/2022	05/05/2023	06/06/2023	Dutch	PDF
Consolidated accounts	31/12/2022	05/05/2023	20/10/2023	Dutch	PDF
Full model	31/12/2021	06/05/2022	03/06/2022	Dutch	PDF
Consolidated accounts	31/12/2021	06/05/2022	31/08/2022	Dutch	PDF
Full model	31/12/2020	07/05/2021	27/05/2021	Dutch	PDF
Consolidated accounts	31/12/2020	01/01/9999	24/08/2021	Dutch	PDF
Full model	31/12/2019	04/05/2020	09/06/2020	Dutch	PDF
Consolidated accounts	31/12/2019	01/01/9999	20/08/2020	Dutch	PDF
Full model	31/12/2018	03/05/2019	27/05/2019	Dutch	PDF
Consolidated accounts	31/12/2018	01/01/9999	22/08/2019	Dutch	PDF
Full model	31/12/2017	04/05/2018	04/06/2018	Dutch	PDF
Consolidated accounts	31/12/2017	01/01/9999	08/08/2018	Dutch	PDF
Full modelCorrection	31/12/2016	05/05/2017	13/03/2018	Dutch	PDF
Full model	31/12/2016	05/05/2017	23/05/2017	Dutch	PDF
Full model	31/12/2015	02/05/2016	24/05/2016	Dutch	PDF
Full model	31/12/2014	04/05/2015	21/05/2015	Dutch	PDF
Full model	31/12/2013	30/05/2014	04/06/2014	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Gunter SANNEN	Director02/05/2013 → 26/05/2028
Antoine VANHEUVERSWYN	Director29/05/2019 → 26/05/2028
Guillaume SAUVE	Director19/05/2020 → 26/05/2028
Raf IEMANTS	Director09/05/2025 → 19/01/2026Managing director02/05/2013 → 2015 accountsended
David MUYLAERT	Persoon belast met dagelijks bestuur

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Rafaël Iemants	Managing director05/05/2023 → 2024 accounts
Sauvé Guillamue	Director05/05/2023 → 2024 accounts
Hervé Rolland	Director19/06/2015 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates29/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other27/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates31/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other07/01/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/06/2021
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings13 filings

Mandates

Gunter SANNEN

Antoine VANHEUVERSWYN

Guillaume SAUVE

Raf IEMANTS

David MUYLAERT

Sauvé Guillamue

Rafaël Iemants

Rolland Hervé

Antoine Brésolin

Francois Yves-Eric

Jacques Huillard

Stéphane Abry

Show the other mandate

2013201420152016201720182019202020212022202320242025202620272028

SMULDERS GROUP

Hoge Mauw 200, 2370 Arendonk

Director

DirectorManaging director

Persoon belast met dagelijks bestuur

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Hoge Mauw 200, 2370 ArendonkCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00385692

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
SMULDERS GROUPCurrent	accounts 2013 → 2025	Accounts 2025 · 2026-00385692

Events

19/01/2026
nominationGunter Elisabeth Jos Sannen · bestuurder klasse B
19/01/2026
reconductionAntoine Frangois Maria Joël Vanheuverswyn · bestuurder klasse A
19/01/2026
reconductionGuillaume Martin Bernard Sauvé · bestuurder klasse A
16/01/2026
nominationDavid Muylaert · algemeen directeur
2025
Annual accounts 202516,9 M €↓
09/05/2025
nominationKoen Potters · commissaris
09/05/2025
reconductionRafaël Aloysius M lemants · bestuurder
09/05/2025
reconductionAntoine Vanheuverswyn · bestuurder
09/05/2025
reconductionGuillaume Sauvé · bestuurder
09/05/2025
nominationRaf IEMANTS · voorzitter van de Raad van Bestuur en gedelegeerd bestuurder
2024
Annual accounts 202441,9 M €↑
2023
Annual accounts 2023185,2 k €↓
01/10/2023
nominationKoen Potters · commissaris
05/05/2023
reconductionRaf Iemants · bestuurder
05/05/2023
reconductionAntoine Vanheuverswyn · bestuurder
05/05/2023
reconductionGuillaume Sauvé · bestuurder
05/05/2023
nominationRaf Iemants · voorzitter van de Raad van Bestuur en gedelegeerd bestuurder
2022
Annual accounts 2022267,1 k €↓
06/05/2022
nominationBV Mazars Bedrijfsrevisoren · commissaris
2021
Annual accounts 2021534,2 k €↓
2020
Annual accounts 202011 M €↑
2019
Annual accounts 20191,3 M €↑
2018
Annual accounts 2018321,1 k €↓
2017
Annual accounts 20171,9 M €↑
2016
Annual accounts 2016264,6 k €↑
2015
Annual accounts 201550,5 k €↑
2014
Annual accounts 2014-206,5 k €↑
2013
Annual accounts 2013-789,7 k €
29/04/2013
IncorporationPublic limited company

SMULDERS GROUP

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events