ACTIVE

Velleman Group

Financial year 2024 · Closed on 31/12/2024

Net result-3,5 M €-32,5 %over 1 year
Revenue26,4 M €-8,1 %over 1 year
Equity-3,3 M €-1 649,3 %over 1 year
Workforce85,7 ETP-15,6 %over 1 year

Identity

Source · BCE/KBO

Velleman Group is a Public limited company incorporated in 2021. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Gavere. It employs on average 85,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0768.858.127
Incorporation
28/05/2021
Legal form
Public limited company
Registered office
Legen Heirweg 33
9890 Gavere · FlandreSee on map
Contributed capital
1 434 262,00 €
Latest accounts
31/12/2024
Average workforce
85,7 ETP
Joint committees (2)
  • 14901
  • 200
Signals
Healthy social debtsHigh revenue

Financials

Source · NBB, 4 filings

Trend over 4 financial years

2024202320222021
Income statement
Revenue26,4 M €28,7 M €32,6 M €33,7 M €
EBITDA-1,2 M €-828,6 k €369,7 k €-972,2 k €
Operating result-1,9 M €-2,1 M €-1,7 M €161,9 k €
Net result-3,5 M €-2,7 M €-889,8 k €-470 k €
Balance sheet
Equity-3,3 M €213,2 k €2,9 M €3,8 M €
Total assets16,9 M €22,5 M €26,9 M €24,8 M €
Cash1,1 M €1,3 M €2,2 M €1,2 M €
Debts19,8 M €21 M €22,8 M €20,1 M €
Other
Workforce85,7 ETP101,6 ETP108,1 ETP107,0 ETP

Board of directors

Source · NBB, accounts to 31/12/2024

4 active · 8 ended

Active mandates

ACSE

Chairman of the board of directors · since 24 avril 2024 · until 18 mai 2027 · 0889.621.246

Represented by ALEXANDER DEWULF

Active
De Eik

Director · since 16 mai 2023 · until 18 mai 2028 · 0411.941.380

Represented by KLARA VAN WAEYENBERGE

Active
Centymes

Director · since 28 mai 2021 · until 19 mai 2026 · 0627.829.035

Represented by TANGUY DE RIPAINSEL

Active
WIM DUBOIS

Director · since 28 mai 2021 · until 19 mai 2026

Active

Ended mandates

WILLIAM MYNCKE

Director · since 16 mai 2023 · until 18 mai 2028

Ended
OPERON ONE

Director · since 04 octobre 2021 · until 20 mai 2025 · 0477.712.825

Represented by LUC WANTEN

Ended
De Eik

Director · since 28 mai 2021 · until 16 mai 2023 · 0411.941.380

Represented by PHILIPPE VANDEURZEN

Ended
De Eik

Director · since 28 mai 2021 · until 19 mai 2026 · 0411.941.380

Represented by PHILIPPE VANDEURZEN

Ended

Full financial information

Source · NBB
2024202320222021
Type of accountFull modelFull modelFull modelFull model
Start of the financial year01/01/202401/01/202301/01/202228/05/2021
Closing of the financial year31/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months8 months
Filing date28/03/202511/07/202415/06/202315/06/2022
General meeting28/03/202512/06/202416/05/202317/05/2022
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 4 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202428/03/202528/03/2025DutchPDF
Full model31/12/202312/06/202411/07/2024DutchPDF
Full model31/12/202216/05/202315/06/2023DutchPDF
Full model31/12/202117/05/202215/06/2022DutchPDF

Indicative valuation

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 31/12/2024

4 active · 8 ended

Active mandates

ACSE

Chairman of the board of directors · since 24 avril 2024 · until 18 mai 2027 · 0889.621.246

Represented by ALEXANDER DEWULF

Active
De Eik

Director · since 16 mai 2023 · until 18 mai 2028 · 0411.941.380

Represented by KLARA VAN WAEYENBERGE

Active
Centymes

Director · since 28 mai 2021 · until 19 mai 2026 · 0627.829.035

Represented by TANGUY DE RIPAINSEL

Active
WIM DUBOIS

Director · since 28 mai 2021 · until 19 mai 2026

Active

Ended mandates

WILLIAM MYNCKE

Director · since 16 mai 2023 · until 18 mai 2028

Ended
OPERON ONE

Director · since 04 octobre 2021 · until 20 mai 2025 · 0477.712.825

Represented by LUC WANTEN

Ended
De Eik

Director · since 28 mai 2021 · until 16 mai 2023 · 0411.941.380

Represented by PHILIPPE VANDEURZEN

Ended
De Eik

Director · since 28 mai 2021 · until 19 mai 2026 · 0411.941.380

Represented by PHILIPPE VANDEURZEN

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other12/08/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates22/04/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/12/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/02/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring25/08/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring23/06/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
    PDF

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

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Timeline

  1. 2024
    Annual accounts 2024-3,5 M €↓
  2. 2023
    Annual accounts 2023-2,7 M €↓
  3. 2022
    Annual accounts 2022-889,8 k €↓
  4. 2021
    Annual accounts 2021-470 k €
  5. 28/05/2021
    IncorporationPublic limited company