ACTIVE

Bouvelo

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Financial year 2025 · closed on 31/12/2025

Net result

146,6 k €

-44.1% YoY

Gross margin

-20,1 k €

+74.4% YoY

Equity

30,2 M €

+0.5% YoY

Workforce

0,4 ETP

0.0% YoY

What does Bouvelo do?

Bouvelo is a Private limited company incorporated in 2013. Its main activity is: Activities of holding companies. Its registered office is in Waregem. It employs on average 0,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0542.454.979

Incorporation

25/11/2013

Legal form

Private limited company

Registered office

Groenbek 28
8790 Waregem · FlandreSee on map

Contributed capital

5 104 934,62 €

Latest accounts

31/12/2025

Average workforce

0,4 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 7 financial years

	2025		2024		2023		2022		2021		2015		2014
Income statement
Gross margin	-20,1 k €	+74.4%	-78,3 k €	+26.1%	-105,9 k €	-140%	262 k €		–		664,5 k €	-26.0%	898 k €
EBITDA	-51,9 k €	+51.5%	-107,1 k €	+19.2%	-132,5 k €	-182%	161,7 k €	-81.8%	889,3 k €	+34.0%	663,9 k €	-26.0%	897,2 k €
Operating result	-368,6 k €	+0.5%	-370,4 k €	-14.7%	-323 k €	-589%	66,1 k €	-92.4%	865,1 k €	+30.4%	663,5 k €	-25.5%	890,5 k €
Net result	146,6 k €	-44.1%	262 k €	-85.0%	1,7 M €	-86.5%	12,9 M €	+130%	5,6 M €	+1308%	399,1 k €	-27.1%	547,4 k €
Balance sheet
Equity	30,2 M €	+0.5%	30,1 M €	+0.9%	29,8 M €	+6.2%	28,1 M €	+47.4%	19 M €	+111%	9 M €	+4.6%	8,6 M €
Total assets	33,2 M €	+5.7%	31,4 M €	-0.1%	31,4 M €	+5.1%	29,9 M €	+42.7%	21 M €	+102%	10,4 M €	+4.2%	10 M €
Cash	1,7 M €	+20.0%	1,4 M €	+38.0%	1 M €	-79.6%	5,1 M €	+28.1%	4 M €	+3558%	109,8 k €	-69.0%	353,5 k €
Debts	2,7 M €	+144%	1,1 M €	-20.3%	1,4 M €	-15.3%	1,7 M €	-10.9%	1,9 M €	+36.0%	1,4 M €	+6.2%	1,3 M €
Other
Workforce	0,4 ETP	0.0%	0,4 ETP	0.0%	0,4 ETP	-55.6%	0,9 ETP	-10.0%	1,0 ETP		–		–

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 31/12/2025 · 3 active · 5 ended

Active mandates

Annemie Verhelst

Director · since 01 mai 2022

Active

Herman Verhelst

Director · since 21 novembre 2013

Active

Myriam Ragolle

Director · since 21 novembre 2013

Active

Ended mandates

Annemie Verhelst

Bestuurder · since 01 mai 2022

Ended

Herman Verhelst

Bestuurder · since 21 novembre 2013

Ended

Herman Verhelst

Manager · since 21 novembre 2013

Ended

Myriam Ragolle

Bestuurder · since 21 novembre 2013

Ended

At this address

Other companies at this address

Company	CBE no.
Bouvelo - FL.W.● Active	0541.946.126
FLANDERS WEAVERS● Active	0428.347.248
PROJECT 0● Active	0817.284.287
Rdeco● Active	0405.436.541

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Full model	Full 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	23/07/2026	30/09/2025	29/08/2024	31/10/2023	20/07/2022	28/06/2021
General meeting	30/06/2026	29/09/2025	21/06/2024	28/09/2023	17/06/2022	18/06/2021
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	23/07/2026	Dutch	PDF
Abridged model	31/12/2024	29/09/2025	30/09/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	29/08/2024	Dutch	PDF
Abridged model	31/12/2022	28/09/2023	31/10/2023	Dutch	PDF
Full model	31/12/2021	17/06/2022	20/07/2022	Dutch	PDF
Full model	31/12/2020	18/06/2021	28/06/2021	Dutch	PDF
Full model	31/12/2019	19/06/2020	10/07/2020	Dutch	PDF
Full model	31/12/2018	21/06/2019	25/06/2019	Dutch	PDF
Full model	31/12/2017	15/06/2018	27/06/2018	Dutch	PDF
Full model	31/12/2016	16/06/2017	19/06/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	08/07/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	17/07/2015	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 31/12/2025 · 3 active · 5 ended

Active mandates

Annemie Verhelst

Director · since 01 mai 2022

Active

Herman Verhelst

Director · since 21 novembre 2013

Active

Myriam Ragolle

Director · since 21 novembre 2013

Active

Ended mandates

Annemie Verhelst

Bestuurder · since 01 mai 2022

Ended

Herman Verhelst

Bestuurder · since 21 novembre 2013

Ended

Herman Verhelst

Manager · since 21 novembre 2013

Ended

Myriam Ragolle

Bestuurder · since 21 novembre 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/01/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/06/2022
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/03/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates07/09/2020
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Capital / shares22/01/2018
KAPITAAL - AANDELEN
PDF
Mandates10/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Other27/11/2013
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025146,6 k €↓
2024
Annual accounts 2024262 k €↓
2023
Annual accounts 20231,7 M €↓
2022
Annual accounts 202212,9 M €↑
2021
Annual accounts 20215,6 M €↑
2015
Annual accounts 2015399,1 k €↓
2014
Annual accounts 2014547,4 k €
25/11/2013
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

Bouvelo

Overview

What does Bouvelo do?

Trend over 7 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