ACTIVE

Rear Window

Financial year 2025 · closed on 31/12/2025
Net result
611,7 k €
+335.5% YoY
Gross margin
1,1 M €
+437.5% YoY
Equity
1,1 M €
+115.9% YoY
Workforce
4,1 ETP
-2.4% YoY

What does Rear Window do?

Rear Window is a Private limited company incorporated in 2021. Its main activity is: Technical testing and analysis. Its registered office is in Leuven. It employs on average 4,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0762.549.266
Incorporation
27/01/2021
Legal form
Private limited company
Registered office
Vital Decosterstraat 67A box 101
3000 Leuven · FlandreSee on map
Contributed capital
778 796,80 €
Latest accounts
31/12/2025
Average workforce
4,1 ETP
Joint committees (2)
  • 100
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin1,1 M €200,5 k €448,7 k €400,7 k €303,8 k €
EBITDA666,2 k €-210,2 k €79,4 k €94,2 k €127,4 k €
Operating result635,3 k €-251,7 k €-35,3 k €7,7 k €42,5 k €
Net result611,7 k €-259,7 k €-40,2 k €6,8 k €42,1 k €
Balance sheet
Equity1,1 M €527,8 k €516,7 k €556,9 k €550,1 k €
Total assets2,1 M €1,1 M €709,6 k €804,4 k €793,8 k €
Cash1,2 M €633 k €181,6 k €166 k €398,8 k €
Debts711 k €516,9 k €181,5 k €175,1 k €66 k €
Other
Workforce4,1 ETP4,2 ETP4,2 ETP3,8 ETP2,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

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

Board of directors

Seen on filing of 31/12/2025 · 5 active · 7 ended

Active mandates

MOBIEL 21

Director · since 31 décembre 2025 · 0423.517.539

Represented by Van Den Broeck Els

Active
Dave Driesmans

Director · since 27 janvier 2021

Active
Eef Delhaye

Director · since 27 janvier 2021

Active
Kris Vanherle

Managing director · since 27 janvier 2021

Active
Margareta De Ceuster

Director · since 27 janvier 2021

Active

Ended mandates

Kris Vanherle

Managing director · since 15 février 2021

Ended
MOBIEL 21

Director · since 27 janvier 2021 · 0423.517.539

Represented by Christiaens JAN

Ended
Dave Driesmans

Director

Ended
Eef Delhaye

Director

Ended
At this address

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Annual accounts

Full financial information

20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202227/01/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months12 months
Filing date03/07/202620/06/202527/06/202404/07/202313/07/2022
General meeting29/06/202619/06/202520/06/202415/06/202316/06/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/06/202603/07/2026DutchPDF
Abridged model31/12/202419/06/202520/06/2025DutchPDF
Abridged model31/12/202320/06/202427/06/2024DutchPDF
Abridged model31/12/202215/06/202304/07/2023DutchPDF
Abridged model31/12/202116/06/202213/07/2022DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 7 ended

Active mandates

MOBIEL 21

Director · since 31 décembre 2025 · 0423.517.539

Represented by Van Den Broeck Els

Active
Dave Driesmans

Director · since 27 janvier 2021

Active
Eef Delhaye

Director · since 27 janvier 2021

Active
Kris Vanherle

Managing director · since 27 janvier 2021

Active
Margareta De Ceuster

Director · since 27 janvier 2021

Active

Ended mandates

Kris Vanherle

Managing director · since 15 février 2021

Ended
MOBIEL 21

Director · since 27 janvier 2021 · 0423.517.539

Represented by Christiaens JAN

Ended
Dave Driesmans

Director

Ended
Eef Delhaye

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office24/06/2026
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates03/04/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares07/06/2024
    DIVERSEN - KAPITAAL - AANDELEN
    PDF
  • Mandates10/06/2021
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other29/01/2021
    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

Timeline

  1. 2025
    Annual accounts 2025611,7 k €
  2. 2024
    Annual accounts 2024-259,7 k €
  3. 2023
    Annual accounts 2023-40,2 k €
  4. 2022
    Annual accounts 20226,8 k €
  5. 2021
    Annual accounts 202142,1 k €
  6. 27/01/2021
    IncorporationPrivate limited company