ACTIVE

SMULDERS GROUP

Export PDF

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
Signals
ProfitablePositive cashflowPositive EBITDA

Financials

Source · NBB, 22 filings

Trend over 13 financial years

20252024202320222021
Income statement
Revenue644,6 k €422,8 k €350,1 k €278,4 k €301,2 k €
EBITDA258,4 k €159,6 k €400,1 k €-103 k €119 k €
Operating result19,9 k €-23,2 k €281,7 k €-229,1 k €8,9 k €
Net result16,9 M €41,9 M €185,2 k €267,1 k €534,2 k €
Balance sheet
Equity33,2 M €16,3 M €14,4 M €14,2 M €13,9 M €
Total assets694,5 M €382,5 M €285,1 M €176,2 M €92,7 M €
Cash774,5 k €119,3 M €82 M €36,8 M €5,9 M €
Debts657,7 M €362,4 M €269,5 M €160 M €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 · 25 ended

Active mandates

Gunter SANNEN

Director · since 19 janvier 2026 · until 26 mai 2028

Active
Antoine VANHEUVERSWYN

Director · since 09 mai 2025 · until 26 mai 2028

Active
Guillaume SAUVE

Director · since 09 mai 2025 · until 26 mai 2028

Active
Raf IEMANTS

Director · since 09 mai 2025 · until 19 janvier 2026

Active
David MUYLAERT

Persoon belast met dagelijks bestuur

Active

Ended mandates

Antoine Vanheuverswyn

Director · since 05 mai 2023 · until 30 mai 2025

Ended
Rafaël Iemants

Managing director · since 05 mai 2023 · until 30 mai 2025

Ended
Sauvé Guillamue

Director · since 05 mai 2023 · until 30 mai 2025

Ended
Guillaume Sauve

Director · since 19 mai 2020 · until 07 mai 2021

Ended

Other companies at this address

Hoge Mauw 200 2370 Arendonk
CompanyCBE 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
T.H.V. Teesside● Active
0845.587.206
T.H.V. Thornton● Active
0845.585.622

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelConsolidated accounts
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date06/08/202628/06/202527/06/202406/06/202303/06/202224/08/2021
General meeting04/05/202609/05/202503/05/202405/05/202306/05/202201/01/9999
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

Looking for more information about this company?

Try for 7 days

Annual accounts filings

Source · NBB, 22 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202504/05/202606/08/2026DutchPDF
Full model31/12/202409/05/202528/06/2025DutchPDF
Consolidated accounts31/12/202430/06/202529/12/2025DutchPDF
Full model31/12/202303/05/202427/06/2024DutchPDF
Consolidated accounts31/12/202330/10/202414/04/2025DutchPDF
Full model31/12/202205/05/202306/06/2023DutchPDF
Consolidated accounts31/12/202205/05/202320/10/2023DutchPDF
Full model31/12/202106/05/202203/06/2022DutchPDF
Consolidated accounts31/12/202106/05/202231/08/2022DutchPDF
Full model31/12/202007/05/202127/05/2021DutchPDF
Consolidated accounts31/12/202001/01/999924/08/2021DutchPDF
Full model31/12/201904/05/202009/06/2020DutchPDF
Consolidated accounts31/12/201901/01/999920/08/2020DutchPDF
Full model31/12/201803/05/201927/05/2019DutchPDF
Consolidated accounts31/12/201801/01/999922/08/2019DutchPDF
Full model31/12/201704/05/201804/06/2018DutchPDF
Consolidated accounts31/12/201701/01/999908/08/2018DutchPDF
Full modelCorrection31/12/201605/05/201713/03/2018DutchPDF
Full model31/12/201605/05/201723/05/2017DutchPDF
Full model31/12/201502/05/201624/05/2016DutchPDF
Full model31/12/201404/05/201521/05/2015DutchPDF
Full model31/12/201330/05/201404/06/2014DutchPDF

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 · 25 ended

Active mandates

Gunter SANNEN

Director · since 19 janvier 2026 · until 26 mai 2028

Active
Antoine VANHEUVERSWYN

Director · since 09 mai 2025 · until 26 mai 2028

Active
Guillaume SAUVE

Director · since 09 mai 2025 · until 26 mai 2028

Active
Raf IEMANTS

Director · since 09 mai 2025 · until 19 janvier 2026

Active
David MUYLAERT

Persoon belast met dagelijks bestuur

Active

Ended mandates

Antoine Vanheuverswyn

Director · since 05 mai 2023 · until 30 mai 2025

Ended
Rafaël Iemants

Managing director · since 05 mai 2023 · until 30 mai 2025

Ended
Sauvé Guillamue

Director · since 05 mai 2023 · until 30 mai 2025

Ended
Guillaume Sauve

Director · since 19 mai 2020 · until 07 mai 2021

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

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

  1. 19/01/2026
    nominationGunter Elisabeth Jos Sannen — bestuurder klasse B
  2. 19/01/2026
    reconductionAntoine Frangois Maria Joël Vanheuverswyn — bestuurder klasse A
  3. 19/01/2026
    reconductionGuillaume Martin Bernard Sauvé — bestuurder klasse A
  4. 16/01/2026
    nominationDavid Muylaert — algemeen directeur
  5. 2025
    Annual accounts 202516,9 M €↓
  6. 09/05/2025
    nominationKoen Potters — commissaris
  7. 09/05/2025
    reconductionRafaël Aloysius M lemants — bestuurder
  8. 09/05/2025
    reconductionAntoine Vanheuverswyn — bestuurder
  9. 09/05/2025
    reconductionGuillaume Sauvé — bestuurder
  10. 09/05/2025
    nominationRaf IEMANTS — voorzitter van de Raad van Bestuur en gedelegeerd bestuurder
  11. 2024
    Annual accounts 202441,9 M €↑
  12. 2023
    Annual accounts 2023185,2 k €↓
  13. 01/10/2023
    nominationKoen Potters — commissaris
  14. 05/05/2023
    reconductionRaf Iemants — bestuurder
  15. 05/05/2023
    reconductionAntoine Vanheuverswyn — bestuurder
  16. 05/05/2023
    reconductionGuillaume Sauvé — bestuurder
  17. 05/05/2023
    nominationRaf Iemants — voorzitter van de Raad van Bestuur en gedelegeerd bestuurder
  18. 2022
    Annual accounts 2022267,1 k €↓
  19. 06/05/2022
    nominationBV Mazars Bedrijfsrevisoren — commissaris
  20. 2021
    Annual accounts 2021534,2 k €↓
  21. 2020
    Annual accounts 202011 M €↑
  22. 2019
    Annual accounts 20191,3 M €↑
  23. 2018
    Annual accounts 2018321,1 k €↓
  24. 2017
    Annual accounts 20171,9 M €↑
  25. 2016
    Annual accounts 2016264,6 k €↑
  26. 2015
    Annual accounts 201550,5 k €↑
  27. 2014
    Annual accounts 2014-206,5 k €↑
  28. 2013
    Annual accounts 2013-789,7 k €
  29. 29/04/2013
    IncorporationPublic limited company