The Veneer
0679.599.519 · rovalta.com · 21/09/2026
ACTIVE
The Veneer
Financial year 2025 · closed on 31/12/2025
Net result
515,1 k €
-89.8% YoY
Revenue
1,7 M €
+3.0% YoY
Equity
42,9 M €
-10.2% YoY
Workforce
0,9 ETP
-52.6% YoY
Overview
What does The Veneer do?
The Veneer is a Public limited company incorporated in 2017. Its main activity is: Activities of holding companies. Its registered office is in Menen. It employs on average 0,9 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0679.599.519
Incorporation
24/07/2017
Legal form
Public limited company
Registered office
Lageweg 33
8930 Menen · FlandreSee on map
8930 Menen · FlandreSee on map
Contributed capital
18 254 405,70 €
Latest accounts
31/12/2025
Average workforce
0,9 ETP
Joint committees (1)
- 200
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 8 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||
| Revenue | 1,7 M € | +3.0% | 1,7 M € | +6.7% | 1,6 M € | +6.9% | 1,5 M € | -11.8% | 1,7 M € | -32.0% | 2,5 M € | +82.4% | 1,3 M € | +20.0% | 1,1 M € |
| EBITDA | 693,1 k € | +78.3% | 388,8 k € | +218% | -329,7 k € | +62.6% | -881,8 k € | -75.7% | -501,8 k € | -187% | 574,1 k € | +196% | -596,6 k € | -58.9% | -375,5 k € |
| Operating result | 693,1 k € | +78.3% | 388,8 k € | +218% | -329,7 k € | +62.6% | -881,8 k € | -75.7% | -501,8 k € | -187% | 574,1 k € | +196% | -596,6 k € | -58.9% | -375,5 k € |
| Net result | 515,1 k € | -89.8% | 5,1 M € | -78.7% | 23,7 M € | +2889% | -851,1 k € | -122% | 3,8 M € | +631% | 525,7 k € | -94.4% | 9,4 M € | +477% | 1,6 M € |
| Balance sheet | |||||||||||||||
| Equity | 42,9 M € | -10.2% | 47,8 M € | +1.4% | 47,1 M € | +69.7% | 27,8 M € | -15.9% | 33 M € | -1.7% | 33,6 M € | -14.9% | 39,4 M € | +14.4% | 34,5 M € |
| Total assets | 49 M € | -26.9% | 67 M € | +3.1% | 65 M € | +19.6% | 54,4 M € | +4.1% | 52,2 M € | +3.0% | 50,7 M € | -2.8% | 52,2 M € | +32.1% | 39,5 M € |
| Cash | 183,3 k € | -80.8% | 954,9 k € | -8.7% | 1 M € | -21.4% | 1,3 M € | +242% | 388,7 k € | -44.2% | 696,3 k € | -82.5% | 4 M € | +2173% | 175,2 k € |
| Debts | 6,1 M € | -68.2% | 19,2 M € | +7.4% | 17,9 M € | -32.6% | 26,6 M € | +38.3% | 19,2 M € | +12.0% | 17,2 M € | +34.8% | 12,7 M € | +153% | 5 M € |
| Other | |||||||||||||||
| Workforce | 0,9 ETP | -52.6% | 1,9 ETP | 0.0% | 1,9 ETP | -24.0% | 2,5 ETP | -19.4% | 3,1 ETP | -18.4% | 3,8 ETP | +22.6% | 3,1 ETP | +121% | 1,4 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 6 active · 43 ended
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
DECOSPAN● Active | 0889.710.328 |
decospan groep belgie● Active | 0892.786.614 |
DECOSPAN HOLDING● Active | 0418.850.156 |
D-ESTATE● Active | 0828.631.408 |
D-Services● Active | 1030.022.808 |
D-Warehouse● Active | 0441.768.781 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | m120-f-p |
| 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 | 14/07/2026 | 18/07/2025 | 11/07/2024 | 12/07/2023 | 11/07/2022 | 15/07/2021 |
| General meeting | 02/07/2026 | 09/07/2025 | 03/07/2024 | 27/06/2023 | 16/06/2022 | 17/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
17 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 02/07/2026 | 14/07/2026 | Dutch | |
| Full model | 31/12/2024 | 09/07/2025 | 18/07/2025 | Dutch | |
| m120-f-p | 31/12/2024 | 09/07/2025 | 18/07/2025 | Dutch | |
| Full model | 31/12/2023 | 03/07/2024 | 11/07/2024 | Dutch | |
| m120-f-p | 31/12/2023 | 03/07/2024 | 11/07/2024 | Dutch | |
| Full model | 31/12/2022 | 27/06/2023 | 12/07/2023 | Dutch | |
| m120-f-p | 31/12/2022 | 27/06/2023 | 12/07/2023 | Dutch | |
| Full model | 31/12/2021 | 16/06/2022 | 11/07/2022 | Dutch | |
| m120-f-p | 31/12/2021 | 16/06/2022 | 11/07/2022 | Dutch | |
| Full model | 31/12/2020 | 17/06/2021 | 13/07/2021 | Dutch | |
| m120-f-p | 31/12/2020 | 17/06/2021 | 15/07/2021 | Dutch | |
| Full model | 31/12/2019 | 22/06/2020 | 07/07/2020 | Dutch | |
| m120-f-p | 31/12/2019 | 22/06/2020 | 07/07/2020 | Dutch | |
| Full model | 31/12/2018 | 24/06/2019 | 23/07/2019 | Dutch | |
| m120-f-p | 31/12/2018 | 24/06/2019 | 23/07/2019 | Dutch | |
| Full model | 31/12/2017 | 27/06/2018 | 20/07/2018 | Dutch | |
| m120-f-p | 31/12/2017 | 27/06/2018 | 20/07/2018 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 1 M€ and 2,5 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 6 active · 43 ended
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates02/06/2025ONTSLAGEN - BENOEMINGEN
- Mandates14/08/2024ONTSLAGEN - BENOEMINGEN
- Other16/11/2023STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates27/03/2023ONTSLAGEN - BENOEMINGEN
- Mandates08/03/2022ONTSLAGEN - BENOEMINGEN
- Mandates27/09/2021ONTSLAGEN - BENOEMINGEN
- Mandates20/07/2021ONTSLAGEN - BENOEMINGEN
- Mandates18/02/2021ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025515,1 k €↓
- 01/01/2025nominationMarieke Desmet — vaste vertegenwoordiger van BV DEMA Invest
- 01/01/2025nominationSilke Desmet — vaste vertegenwoordiger van BV MALEXIS
- 01/01/2025nominationTom Desmet — vaste vertegenwoordiger van BV TODECOM
- 2024Annual accounts 20245,1 M €↓
- 03/07/2024reconductionNV CALLENS VANDELANOTTE — commissaris
- 2023Annual accounts 202323,7 M €↑
- 01/04/2023nominationLuc Truyens — vaste vertegenwoordiger van de CommV Cedmat
- 01/01/2023reconductionChristophe Degrez — vaste vertegenwoordiger van de BV CNVision
- 01/01/2023reconductionGeert Roelens — vaste vertegenwoordiger van de BV ELEMGA
- 01/01/2023nominationPieter Desmet — vaste vertegenwoordiger van de BV LURINVEST
- 01/01/2023nominationMarc Desmet — vaste vertegenwoordiger van de BV TODECOM
- 2022Annual accounts 2022-851,1 k €↓
- 2021Annual accounts 20213,8 M €↑
- 2020Annual accounts 2020525,7 k €↓
- 2019Annual accounts 20199,4 M €↑
- 2018Annual accounts 20181,6 M €
- 24/07/2017IncorporationPublic limited company