ACTIVE

The Veneer

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Financial year 2025 · Closed on 31/12/2025

Net result515,1 k €-89,8 %over 1 year
Revenue1,7 M €+3,0 %over 1 year
Equity42,9 M €-10,2 %over 1 year
Workforce0,9 ETP-52,6 %over 1 year

Identity

Source · BCE/KBO

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
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

Financials

Source · NBB, 17 filings

Trend over 8 financial years

20252024202320222021
Income statement
Revenue1,7 M €1,7 M €1,6 M €1,5 M €1,7 M €
EBITDA693,1 k €388,8 k €-329,7 k €-881,8 k €-501,8 k €
Operating result693,1 k €388,8 k €-329,7 k €-881,8 k €-501,8 k €
Net result515,1 k €5,1 M €23,7 M €-851,1 k €3,8 M €
Balance sheet
Equity42,9 M €47,8 M €47,1 M €27,8 M €33 M €
Total assets49 M €67 M €65 M €54,4 M €52,2 M €
Cash183,3 k €954,9 k €1 M €1,3 M €388,7 k €
Debts6,1 M €19,2 M €17,9 M €26,6 M €19,2 M €
Other
Workforce0,9 ETP1,9 ETP1,9 ETP2,5 ETP3,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 12 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
DEMA Invest0700.189.154Represented by Marieke Desmet
Director01/01/2025 → 31/12/2026
Malexis0687.848.675Represented by Silke Desmet
Director26/06/2022 → 31/12/2026Chairman of the board of directors19/10/2018 → 2019 accountsended
MAPIDE0824.116.552Represented by Pieterjan Desmet
Chairman of the board of directors01/01/2025 → 31/12/2026Managing director01/01/2021 → 31/12/2026
Todecom0688.587.459Represented by Tom Desmet
Director19/10/2018 → 31/12/2026Bestuurder - Vaste vertegenwoordiger Desmet Marc01/01/2023 → 2023 accountsendedBestuurder - Vaste vertegenwoordiger de heer Lieven Larmuseau01/01/2022 → 2022 accountsendedBestuurder - Vaste vertegenwoordiger de heer An De Bal19/10/2018 → 31/12/2021endedMandate2023 accountsended
Lurinvest0688.692.278Represented by Pieter Desmet
Director19/10/2018 → 31/12/2026Bestuurder - Vaste vertegenwoordiger de heer Desmet Pieter01/01/2023 → 2023 accountsendedBestuurder - Vaste vertegenwoordiger de heer Desmet Marc19/10/2018 → 31/12/2022endedMandate2023 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
CNVision0808.277.442Represented by Christophe Degrez
Chairman of the board of directorslisted until the 2022 accountsDirectorlisted until the 2022 accounts
Cedmat0795.175.910Represented by Luc Truyens
Director01/01/2023 → 2023 accounts

Other companies at this address

Lageweg 33 8930 Menen
CompanyCBE 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

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 date14/07/202618/07/202511/07/202412/07/202311/07/202215/07/2021
General meeting02/07/202609/07/202503/07/202427/06/202316/06/202217/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 17 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202502/07/202614/07/2026DutchPDF
Full model31/12/202409/07/202518/07/2025DutchPDF
Consolidated accounts31/12/202409/07/202518/07/2025DutchPDF
Full model31/12/202303/07/202411/07/2024DutchPDF
Consolidated accounts31/12/202303/07/202411/07/2024DutchPDF
Full model31/12/202227/06/202312/07/2023DutchPDF
Consolidated accounts31/12/202227/06/202312/07/2023DutchPDF
Full model31/12/202116/06/202211/07/2022DutchPDF
Consolidated accounts31/12/202116/06/202211/07/2022DutchPDF
Full model31/12/202017/06/202113/07/2021DutchPDF
Consolidated accounts31/12/202017/06/202115/07/2021DutchPDF
Full model31/12/201922/06/202007/07/2020DutchPDF
Consolidated accounts31/12/201922/06/202007/07/2020DutchPDF
Full model31/12/201824/06/201923/07/2019DutchPDF
Consolidated accounts31/12/201824/06/201923/07/2019DutchPDF
Full model31/12/201727/06/201820/07/2018DutchPDF
Consolidated accounts31/12/201727/06/201820/07/2018DutchPDF

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.

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 · 12 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
DEMA Invest0700.189.154Represented by Marieke Desmet
Director01/01/2025 → 31/12/2026
Malexis0687.848.675Represented by Silke Desmet
Director26/06/2022 → 31/12/2026Chairman of the board of directors19/10/2018 → 2019 accountsended
MAPIDE0824.116.552Represented by Pieterjan Desmet
Chairman of the board of directors01/01/2025 → 31/12/2026Managing director01/01/2021 → 31/12/2026
Todecom0688.587.459Represented by Tom Desmet
Director19/10/2018 → 31/12/2026Bestuurder - Vaste vertegenwoordiger Desmet Marc01/01/2023 → 2023 accountsendedBestuurder - Vaste vertegenwoordiger de heer Lieven Larmuseau01/01/2022 → 2022 accountsendedBestuurder - Vaste vertegenwoordiger de heer An De Bal19/10/2018 → 31/12/2021endedMandate2023 accountsended
Lurinvest0688.692.278Represented by Pieter Desmet
Director19/10/2018 → 31/12/2026Bestuurder - Vaste vertegenwoordiger de heer Desmet Pieter01/01/2023 → 2023 accountsendedBestuurder - Vaste vertegenwoordiger de heer Desmet Marc19/10/2018 → 31/12/2022endedMandate2023 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
CNVision0808.277.442Represented by Christophe Degrez
Chairman of the board of directorslisted until the 2022 accountsDirectorlisted until the 2022 accounts
Cedmat0795.175.910Represented by Luc Truyens
Director01/01/2023 → 2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates02/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/08/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other16/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates27/03/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/03/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/09/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/07/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/02/2021
    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
Filings8 filings
Mandates
Malexis
Todecom
DEMA Invest
MAPIDE
Lurinvest
CNVision
ELEMGA
Cedmat
PHILIN
Fimedco
GANDAE CONSULTING
Depide
2017201820192020202120222023202420252026
The Veneer
Lageweg 33, 8930 Menen
Director
DirectorBestuurder - Vaste vertegenwoordiger de heer An De Bal
Director
Chairman of the board of directorsManaging director
DirectorBestuurder - Vaste vertegenwoordiger de heer Desmet Marc
Director
Director
Director
Managing director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Lageweg 33, 8930 MenenCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00297455

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
The VeneerCurrent
accounts 2018 → 2025
Accounts 2025 · 2026-00297455

Events

  1. 2025
    Annual accounts 2025515,1 k €↓
  2. 01/01/2025
    nominationMarieke Desmet · vaste vertegenwoordiger van BV DEMA Invest
  3. 01/01/2025
    nominationSilke Desmet · vaste vertegenwoordiger van BV MALEXIS
  4. 01/01/2025
    nominationTom Desmet · vaste vertegenwoordiger van BV TODECOM
  5. 2024
    Annual accounts 20245,1 M €↓
  6. 03/07/2024
    reconductionNV CALLENS VANDELANOTTE · commissaris
  7. 2023
    Annual accounts 202323,7 M €↑
  8. 01/04/2023
    nominationLuc Truyens · vaste vertegenwoordiger van de CommV Cedmat
  9. 01/01/2023
    reconductionChristophe Degrez · vaste vertegenwoordiger van de BV CNVision
  10. 01/01/2023
    reconductionGeert Roelens · vaste vertegenwoordiger van de BV ELEMGA
  11. 01/01/2023
    nominationPieter Desmet · vaste vertegenwoordiger van de BV LURINVEST
  12. 01/01/2023
    nominationMarc Desmet · vaste vertegenwoordiger van de BV TODECOM
  13. 2022
    Annual accounts 2022-851,1 k €↓
  14. 2021
    Annual accounts 20213,8 M €↑
  15. 2020
    Annual accounts 2020525,7 k €↓
  16. 2019
    Annual accounts 20199,4 M €↑
  17. 2018
    Annual accounts 20181,6 M €
  18. 24/07/2017
    IncorporationPublic limited company