"SEPARATION" AG
0699.788.385 · rovalta.com · 09/11/2026
ACTIVE
"SEPARATION" AG
Financial year 2025 · Closed on 31/12/2025
Net result-40,2 k €-582,1 %over 1 year
Gross margin445,3 k €-11,1 %over 1 year
Equity741,5 k €-44,5 %over 1 year
Workforce7,5 ETP-9,6 %over 1 year
Overview
Identity
Source · BCE/KBO"SEPARATION" AG is a Public limited company incorporated in 2018. Its main activity is: Cargo handling. Its registered office is in Raeren. It employs on average 7,5 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0699.788.385
- Incorporation
- 25/06/2018
- Legal form
- Public limited company
- Registered office
- Gewerbestrasse 16
4731 Raeren · WallonieSee on map - Contributed capital
- 68 000,00 €
- Latest accounts
- 31/12/2025
- Average workforce
- 7,5 ETP
Activities (NACE)
Joint committees (2)
- 100
- 200
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Financials
Source · NBB, 8 filingsTrend over 7 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 445,3 k € | -11.1% | 500,8 k € | -33.5% | 753,3 k € | +94.1% | 388,1 k € | -22.3% | 499,3 k € |
| EBITDA | 5,8 k € | -86.3% | 42,5 k € | -86.9% | 325,4 k € | +290% | -171,5 k € | -2257% | -7,3 k € |
| Operating result | -64,9 k € | -66.6% | -38,9 k € | -118% | 222 k € | +179% | -281,2 k € | -135% | -119,7 k € |
| Net result | -40,2 k € | -582% | -5,9 k € | -102% | 236,6 k € | +188% | -270 k € | -123% | -121,2 k € |
| Balance sheet | |||||||||
| Equity | 741,5 k € | -44.5% | 1,3 M € | -0.7% | 1,3 M € | +20.9% | 1,1 M € | -19.8% | 1,4 M € |
| Total assets | 795,6 k € | -43.5% | 1,4 M € | -1.5% | 1,4 M € | +16.4% | 1,2 M € | -18.3% | 1,5 M € |
| Cash | 197,5 k € | +32.1% | 149,5 k € | -18.5% | 183,5 k € | +64.3% | 111,7 k € | -31.4% | 162,8 k € |
| Debts | 54,1 k € | -25.2% | 72,4 k € | -13.3% | 83,5 k € | -27.4% | 115 k € | -1.3% | 116,4 k € |
| Other | |||||||||
| Workforce | 7,5 ETP | -9.6% | 8,3 ETP | +5.1% | 7,9 ETP | -26.2% | 10,7 ETP | -1.8% | 10,9 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 500 k€ and 1 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20253 active · 2 ended
Active mandates
| Director | Mandates in this company | Period |
|---|---|---|
Jürgen GREIWING | Director01/10/2020 → 15/05/2031 | |
Matthias GEHRIGK | Mit dertäglichen Geschäftsführung beauftragte Personsince 01/10/2020 | |
Matthias Wolfgang GEISS | Director01/10/2020 → 15/05/2031 |
Ended mandates
| Director | Mandates in this company | Period |
|---|---|---|
Georg WILMS | Managing director25/06/2018 → 2020 accounts | |
Simone WILMS | Director25/06/2018 → 2020 accounts |
Financials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged 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 | 02/06/2026 | 11/04/2025 | 26/04/2024 | 26/06/2023 | 17/06/2022 | 04/06/2021 |
| General meeting | 22/05/2026 | 07/04/2025 | 22/04/2024 | 12/06/2023 | 20/05/2022 | 21/05/2021 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 8 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 22/05/2026 | 02/06/2026 | German | |
| Abridged model | 31/12/2024 | 07/04/2025 | 11/04/2025 | German | |
| Abridged model | 31/12/2023 | 22/04/2024 | 26/04/2024 | German | |
| Abridged model | 31/12/2022 | 12/06/2023 | 26/06/2023 | German | |
| Abridged model | 31/12/2021 | 20/05/2022 | 17/06/2022 | German | |
| Abridged model | 31/12/2020 | 21/05/2021 | 04/06/2021 | German | |
| Abridged model | 31/12/2019 | 15/05/2020 | 05/06/2020 | German | |
| Abridged model | 31/12/2018 | 17/05/2019 | 30/08/2019 | German |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 500 k€ and 1 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
Board of directors
Source · NBB, accounts to 31/12/20253 active · 2 ended
Active mandates
| Director | Mandates in this company | Period |
|---|---|---|
Jürgen GREIWING | Director01/10/2020 → 15/05/2031 | |
Matthias GEHRIGK | Mit dertäglichen Geschäftsführung beauftragte Personsince 01/10/2020 | |
Matthias Wolfgang GEISS | Director01/10/2020 → 15/05/2031 |
Ended mandates
| Director | Mandates in this company | Period |
|---|---|---|
Georg WILMS | Managing director25/06/2018 → 2020 accounts | |
Simone WILMS | Director25/06/2018 → 2020 accounts |
Ownership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Other03/09/2026Verlängerung Mandate
- Restructuring14/07/2021KAPITAL - AKTIEN - ENTLASSUNG - ERNENNUNG - RUBRIK UMBAU (VERSCHMELZUNG, SPALTUNG, UEBERTRAGUNG VERMOEGEN, USW)
- Restructuring05/05/2021RUBRIK UMBAU (VERSCHMELZUNG, SPALTUNG, UEBERTRAGUNG VERMOEGEN, USW) - VERSCHIEDENES
- Mandates20/10/2020ENTLASSUNG - ERNENNUNG
- Other19/07/2018RUBRIK GRUENDUNG (NEUE RECHTSPERSON, EROEFFNUNG FILIALE, USW)
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
Source · CBE, NBB annual accountsYear
Identity
Incorporation
Name
Registered office
Annual accounts
Filings7 filings
Mandates
Matthias GEHRIGK
Jürgen GREIWING
Matthias Wolfgang GEISS
Georg WILMS
Simone WILMS
20182019202020212022202320242025202620272028202920302031
SEPARATION
Gewerbestrasse 16, 4731 Eynatten
Mit dertäglichen Geschäftsführung beauftragte Person
Director
Director
Managing director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday
Registered offices
Source · NBB annual accounts, CBE| Registered address | Period | Source |
|---|---|---|
| Gewerbestrasse 16, 4731 EynattenCurrent | accounts 2021 → 2025 | Accounts 2025 · 2026-00131886 |
Company names
Source · NBB annual accounts, CBE| Name | Period | Source |
|---|---|---|
| "SEPARATION" AGCurrent | CBE | |
| SEPARATION | accounts 2021 → 2025 | Accounts 2025 · 2026-00131886 |
Events
- 2025Annual accounts 2025-40,2 k €↓
- 2024Annual accounts 2024-5,9 k €↓
- 2023Annual accounts 2023236,6 k €↑
- 2022Annual accounts 2022-270 k €↓
- 2021Annual accounts 2021-121,2 k €↑
- 2020Annual accounts 2020-308,1 k €↓
- 2019Annual accounts 201994,6 k €
- 25/06/2018IncorporationPublic limited company