ACTIVE

JUST RUSSEL

Financial year 2025 · Closed on 31/12/2025

Net result1,6 M €+5 501,6 %over 1 year
Gross margin7,9 M €+112,3 %over 1 year
Equity13,3 M €+678,8 %over 1 year
Workforce72,4 ETP+52,7 %over 1 year

Identity

Source · BCE/KBO

JUST RUSSEL is a Private limited company incorporated in 2019. Its main activity is: Retail sale of flowers, plants, seeds, fertilisers, pet animals and pet food in specialised stores. Its registered office is in Gent. It employs on average 72,4 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0735.411.735
Incorporation
30/09/2019
Legal form
Private limited company
Registered office
Baarledorpstraat 95
9031 Gent · FlandreSee on map
Contributed capital
10 570 125,00 €
Latest accounts
31/12/2025
Average workforce
72,4 ETP
Joint committees (4)
  • 0
  • 201
  • 2010
  • 20102
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 7 filings

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin7,9 M €3,7 M €2,2 M €599,1 k €205,9 k €
EBITDA4,2 M €1,4 M €1,5 M €253,7 k €88 k €
Operating result1,7 M €120,2 k €1,1 M €151,3 k €50,7 k €
Net result1,6 M €28,2 k €971,7 k €131,8 k €37,4 k €
Balance sheet
Equity13,3 M €1,7 M €1,7 M €706,2 k €124,4 k €
Total assets18,8 M €5,9 M €4,7 M €1,8 M €565 k €
Cash3,9 M €87,5 k €829,8 k €561,7 k €98,3 k €
Debts5,5 M €4,2 M €3 M €1,1 M €437,4 k €
Other
Workforce72,4 ETP47,4 ETP19,4 ETP––

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 20 ended

Active mandates

Vito Magnus Karnehm

Director · since 15 avril 2026

Active
Jason Fiedler

Director · since 16 janvier 2025 · until 15 avril 2026

Active
STARSHIP 01

Statutory director · since 16 janvier 2025 · 1004.446.777

Represented by Louis Mortreu

Active
HV CAPITAL MANAGEMENT

Director · since 06 juin 2024 · 0749.705.080

Represented by Henri Vindevogel

Active
RW Solutions

Director · since 09 janvier 2024 · 1004.399.663

Represented by Renaat Waeles

Active
VM Management Consulting

Director · since 09 janvier 2024 · 0735.402.530

Represented by Victor Mortreu

Active
Molinarius GMBH

Director · since 17 février 2022

Represented by Manuel Müller

Active

Ended mandates

RW Solutions

Director · since 09 janvier 2024 · 1004.399.663

Represented by Waeles RENAAT

Ended
STARSHIP 01

Director · since 09 janvier 2024 · 1004.446.777

Represented by Mortreu LOUIS

Ended
VM Management Consulting

Director · since 09 janvier 2024 · 0735.402.530

Represented by Mortreu VICTOR

Ended
Molinarius Gmbh

Director · since 17 février 2022

Represented by Müller MANUEL

Ended

Other companies at this address

Baarledorpstraat 95 9031 Gent
CompanyCBE no.
Chelsea● Active
0414.800.902
MFDesign● Active
0889.795.945
M.G. Future● Active
0779.991.648
0690.865.573
0735.402.530

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202130/09/2019
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 months16 months
Filing date01/07/202623/06/202519/07/202420/06/202329/08/202208/07/2021
General meeting19/06/202620/06/202506/06/202416/06/202317/06/202218/06/2021
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, 7 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/06/202601/07/2026EnglishPDF
Abridged model31/12/202420/06/202523/06/2025DutchPDF
Abridged model31/12/202306/06/202419/07/2024DutchPDF
Abridged model31/12/202306/06/202421/06/2024EnglishPDF
Micro model31/12/202216/06/202320/06/2023DutchPDF
Micro model31/12/202117/06/202229/08/2022DutchPDF
Micro model31/12/202018/06/202108/07/2021DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 20 ended

Active mandates

Vito Magnus Karnehm

Director · since 15 avril 2026

Active
Jason Fiedler

Director · since 16 janvier 2025 · until 15 avril 2026

Active
STARSHIP 01

Statutory director · since 16 janvier 2025 · 1004.446.777

Represented by Louis Mortreu

Active
HV CAPITAL MANAGEMENT

Director · since 06 juin 2024 · 0749.705.080

Represented by Henri Vindevogel

Active
RW Solutions

Director · since 09 janvier 2024 · 1004.399.663

Represented by Renaat Waeles

Active
VM Management Consulting

Director · since 09 janvier 2024 · 0735.402.530

Represented by Victor Mortreu

Active
Molinarius GMBH

Director · since 17 février 2022

Represented by Manuel Müller

Active

Ended mandates

RW Solutions

Director · since 09 janvier 2024 · 1004.399.663

Represented by Waeles RENAAT

Ended
STARSHIP 01

Director · since 09 janvier 2024 · 1004.446.777

Represented by Mortreu LOUIS

Ended
VM Management Consulting

Director · since 09 janvier 2024 · 0735.402.530

Represented by Mortreu VICTOR

Ended
Molinarius Gmbh

Director · since 17 février 2022

Represented by Müller MANUEL

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates20/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/01/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/05/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other08/02/2024
    DIVERSEN
    PDF
  • Mandates28/02/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares02/12/2020
    KAPITAAL - AANDELEN
    PDF
  • Other02/10/2019
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20251,6 M €↑
  2. 2024
    Annual accounts 202428,2 k €↓
  3. 2023
    Annual accounts 2023971,7 k €↑
  4. 2022
    Annual accounts 2022131,8 k €↑
  5. 2021
    Annual accounts 202137,4 k €
  6. 30/09/2019
    IncorporationPrivate limited company