ACTIVE

REDGROW

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Financial year 2025 · closed on 31/12/2025
Net result
1,4 M €
-38.7% YoY
Gross margin
4,3 M €
-19.5% YoY
Equity
8,5 M €
-7.7% YoY
Workforce
31,9 ETP
+3.9% YoY

What does REDGROW do?

REDGROW is a Private limited company incorporated in 2009. Its main activity is: Growing of vegetables and melons, roots and tubers. Its registered office is in Ranst. It employs on average 31,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0809.620.396
Incorporation
05/02/2009
Legal form
Private limited company
Registered office
Bistweg 37
2520 Ranst · FlandreSee on map
Contributed capital
494 000,00 €
Latest accounts
31/12/2025
Average workforce
31,9 ETP
Activities (NACE)
01130Growing of vegetables and melons, roots and tubers· main01130Growing of vegetables and melons, roots and tubers01110Growing of cereals (except rice), leguminous crops and oil seeds01110Growing of cereals (except rice), leguminous crops and oil seeds01199Growing of other non-perennial crops01199Growing of other non-perennial crops+10
Joint committees (2)
  • 145
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520142013201220112010
Income statement
Gross margin4,3 M €5,3 M €4,7 M €4,5 M €3,1 M €2 M €1,8 M €970,9 k €1,1 M €870 k €-59,7 k €176,9 k €187,2 k €167,3 k €201,6 k €299,8 k €
EBITDA3,1 M €4,2 M €3,8 M €3,7 M €2,3 M €1,2 M €1 M €606,3 k €754 k €554,6 k €-113,9 k €175,8 k €186,1 k €166,1 k €201 k €298,9 k €
Operating result1,7 M €3,1 M €3 M €3 M €1,7 M €610,6 k €579,8 k €212,2 k €373,1 k €210,4 k €-242,2 k €104 k €114,4 k €96,7 k €131,7 k €165,1 k €
Net result1,4 M €2,3 M €2,1 M €2,2 M €1,2 M €515,4 k €395,1 k €182,7 k €255,3 k €129,4 k €-257,4 k €66,8 k €69,9 k €50,6 k €76,6 k €82,8 k €
Balance sheet
Equity8,5 M €9,2 M €7,4 M €6,4 M €4,3 M €3,3 M €2,8 M €882 k €494,1 k €238,7 k €109,3 k €366,7 k €299,9 k €230 k €179,4 k €102,8 k €
Total assets10,4 M €11,4 M €11,5 M €11,1 M €8,9 M €7,7 M €6 M €4,2 M €4,1 M €4,4 M €3,7 M €775,9 k €717,5 k €924,2 k €893,6 k €952,1 k €
Cash802,7 k €1,5 M €1,6 M €1,2 M €920,4 k €289,4 k €955,2 k €483,5 k €63,9 k €38,1 k €106,1 k €153,5 k €26,3 k €175,3 k €13,6 k €99,2 k €
Debts1,9 M €2,2 M €4 M €4,6 M €4,6 M €4,4 M €3,1 M €3,3 M €3,6 M €4,2 M €3,6 M €409,1 k €417,6 k €694,2 k €714,2 k €849,4 k €
Other
Workforce31,9 ETP30,7 ETP30,0 ETP28,9 ETP27,6 ETP30,0 ETP25,1 ETP12,2 ETP11,7 ETP12,4 ETP9,7 ETP–––––
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Alain MOORTGAT

Director · since 24 septembre 2019

Active

Ended mandates

Alain MOORTGAT

Manager · until 04 décembre 2014

Ended
Alain MOORTGAT

Manager

Ended
Sonja VAN HUFFEL

Director · until 24 septembre 2019

Ended
Sonja VAN HUFFEL

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
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 date29/07/202625/07/202529/07/202426/07/202326/07/202231/07/2021
General meeting11/06/202612/06/202513/06/202408/06/202309/06/202210/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202511/06/202629/07/2026DutchPDF
Abridged model31/12/202412/06/202525/07/2025DutchPDF
Abridged model31/12/202313/06/202429/07/2024DutchPDF
Abridged model31/12/202208/06/202326/07/2023DutchPDF
Abridged model31/12/202109/06/202226/07/2022DutchPDF
Abridged model31/12/202010/06/202131/07/2021DutchPDF
Abridged model31/12/201911/06/202012/08/2020DutchPDF
Abridged model31/12/201813/06/201925/07/2019DutchPDF
Abridged model31/12/201714/06/201828/08/2018DutchPDF
Abridged model31/12/201608/06/201727/07/2017DutchPDF
Abridged model31/12/201509/06/201610/08/2016DutchPDF
Abridged model31/12/201411/06/201527/07/2015DutchPDF
Abridged model31/12/201312/06/201405/08/2014DutchPDF
Abridged model31/12/201213/06/201323/07/2013DutchPDF
Abridged model31/12/201114/06/201220/08/2012DutchPDF
Abridged model31/12/201009/06/201110/08/2011DutchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Alain MOORTGAT

Director · since 24 septembre 2019

Active

Ended mandates

Alain MOORTGAT

Manager · until 04 décembre 2014

Ended
Alain MOORTGAT

Manager

Ended
Sonja VAN HUFFEL

Director · until 24 septembre 2019

Ended
Sonja VAN HUFFEL

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring29/10/2019
    DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring25/07/2019
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates23/09/2015
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates12/01/2015
    BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other16/02/2009
    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 20251,4 M €↓
  2. 2024
    Annual accounts 20242,3 M €↑
  3. 2023
    Annual accounts 20232,1 M €↓
  4. 2022
    Annual accounts 20222,2 M €↑
  5. 2021
    Annual accounts 20211,2 M €↑
  6. 2020
    Annual accounts 2020515,4 k €↑
  7. 2019
    Annual accounts 2019395,1 k €↑
  8. 2018
    Annual accounts 2018182,7 k €↓
  9. 2017
    Annual accounts 2017255,3 k €↑
  10. 2016
    Annual accounts 2016129,4 k €↑
  11. 2015
    Annual accounts 2015-257,4 k €↓
  12. 2014
    Annual accounts 201466,8 k €↓
  13. 2014
    Name changeREDGROW
  14. 2013
    Annual accounts 201369,9 k €↑
  15. 2012
    Annual accounts 201250,6 k €↓
  16. 2011
    Annual accounts 201176,6 k €↓
  17. 2010
    Annual accounts 201082,8 k €
  18. 2010
    Name changeAlmo Energie
  19. 05/02/2009
    IncorporationPrivate limited company