ACTIVE

Grandeco Wallfashion Group - Belgium

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Financial year 2025 · closed on 31/12/2025

Net result

-3,6 M €

-1731.6% YoY

Revenue

52,5 M €

-7.4% YoY

Equity

14 M €

-20.3% YoY

Workforce

214,9 ETP

-2.8% YoY

What does Grandeco Wallfashion Group - Belgium do?

Grandeco Wallfashion Group - Belgium is a Public limited company incorporated in 2009. Its main activity is: Manufacture of made-up textile articles, except apparel. Its registered office is in Tielt. It employs on average 214,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0811.702.334

Incorporation

13/05/2009

Legal form

Public limited company

Registered office

Wakkensesteenweg 49
8700 Tielt · FlandreSee on map

Contributed capital

285 712,48 €

Latest accounts

31/12/2025

Average workforce

214,9 ETP

Activities (NACE)

13929Manufacture of made-up textile articles, except apparel· main 13929Manufacture of made-up textile articles, except apparel 17240Manufacture of wallpaper 17240Manufacture of wallpaper 46733Wholesale of wood, construction materials and sanitary equipment 46833Wholesale trade, except of motor vehicles and motorcycles

Joint committees (2)

Signals

Good liquidityPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Revenue	52,5 M €	-7.4%	56,7 M €	-4.3%	59,3 M €	+10.3%	53,8 M €	-10.2%	59,9 M €	-1.3%	60,7 M €	-2.2%	62 M €	+13.6%	54,6 M €	-6.0%	58,1 M €	+5.9%	54,9 M €	+7.3%	51,1 M €	-4.1%	53,3 M €	+13.0%	47,2 M €	+7.0%	44,1 M €	-3.2%	45,6 M €	+6.2%	42,9 M €
EBITDA	4,1 M €	-11.6%	4,6 M €	-2.9%	4,8 M €	+186%	1,7 M €	-66.6%	5 M €	-50.1%	10 M €	+178%	3,6 M €	-28.8%	5 M €	-20.2%	6,3 M €	-1.7%	6,4 M €	-0.4%	6,5 M €	+8.4%	6 M €	+203%	2 M €	+3.7%	1,9 M €	-44.7%	3,4 M €	-38.1%	5,5 M €
Operating result	2 M €	-5.3%	2,1 M €	-33.0%	3,1 M €	+3056%	-106,4 k €	-104%	2,6 M €	-69.0%	8,3 M €	+96.4%	4,2 M €	+176%	1,5 M €	-66.6%	4,6 M €	-15.5%	5,4 M €	+6.7%	5,1 M €	+17.9%	4,3 M €	+238%	1,3 M €	+682%	162,7 k €	-92.2%	2,1 M €	-50.4%	4,2 M €
Net result	-3,6 M €	-1732%	219,1 k €	+6.2%	206,3 k €	-94.9%	4 M €	+85.5%	2,2 M €	-78.4%	10,1 M €	+150%	4 M €	+199%	1,3 M €	-67.9%	4,2 M €	+32.6%	3,2 M €	+33.8%	2,4 M €	+46.3%	1,6 M €	+142%	-3,8 M €	-578%	-563,3 k €	+40.4%	-945,5 k €	-165%	1,5 M €
Balance sheet
Equity	14 M €	-20.3%	17,6 M €	+1.3%	17,4 M €	+1.2%	17,2 M €	+30.6%	13,2 M €	-67.1%	40,1 M €	+33.5%	30 M €	+18.3%	25,4 M €	-4.3%	26,5 M €	+23.0%	21,6 M €	+17.3%	18,4 M €	+14.8%	16 M €	+11.3%	14,4 M €	+395%	2,9 M €	-16.2%	3,5 M €	-21.4%	4,4 M €
Total assets	57,9 M €	-11.4%	65,4 M €	+0.6%	65 M €	-4.5%	68 M €	-5.6%	72,1 M €	+26.7%	56,9 M €	+32.6%	42,9 M €	+8.7%	39,4 M €	-3.8%	41 M €	-0.8%	41,3 M €	+3.5%	39,9 M €	+16.5%	34,3 M €	+11.9%	30,7 M €	-2.4%	31,4 M €	+5.6%	29,8 M €	-5.4%	31,5 M €
Cash	3,6 M €	-13.0%	4,1 M €	+129%	1,8 M €	-62.7%	4,8 M €	+121%	2,2 M €	-81.2%	11,5 M €	+8.5%	10,6 M €	+40.9%	7,5 M €	+334%	1,7 M €	-15.8%	2,1 M €	+35.0%	1,5 M €	+802%	169,3 k €	-81.8%	928,5 k €	+45895%	2 k €	-64.3%	5,7 k €	+182%	2 k €
Debts	43,4 M €	-7.9%	47,1 M €	+0.6%	46,8 M €	-6.7%	50,2 M €	-14.2%	58,5 M €	+255%	16,5 M €	+32.5%	12,4 M €	-8.7%	13,6 M €	+13.4%	12 M €	-29.3%	17 M €	-14.2%	19,8 M €	+20.9%	16,4 M €	+4.9%	15,6 M €	-44.0%	27,9 M €	+8.9%	25,6 M €	-2.9%	26,4 M €
Other
Workforce	214,9 ETP	-2.8%	221,1 ETP	-0.9%	223,0 ETP	-6.7%	239,0 ETP	-3.1%	246,7 ETP	+3.6%	238,1 ETP	+0.5%	236,9 ETP	-1.6%	240,7 ETP	+3.3%	232,9 ETP	+5.2%	221,4 ETP	-1.6%	224,9 ETP	-2.8%	231,4 ETP	-0.6%	232,7 ETP	-1.6%	236,5 ETP	+8.2%	218,6 ETP	+4.2%	209,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 38 ended

Active mandates

David De Peuter

Director · since 16 mai 2025 · until 17 mai 2030

Active

Down2Earth Capital II

Director · since 16 mai 2025 · until 17 mai 2030 · 0695.614.417

Represented by Alain Keppens

Active

ECHOLIMA

Director · since 16 mai 2025 · until 17 mai 2030 · 0705.978.668

Represented by Johannes Verdiesen

Active

L/L plus

Director · since 16 mai 2025 · until 17 mai 2030 · 0879.632.424

Represented by Lieven Lambaere

Active

Vision@Work

Director · since 16 mai 2025 · until 17 mai 2030 · 0546.622.120

Represented by Patrick Molemans

Active

Laurens Boriale

Director · since 18 juin 2024 · until 17 mai 2030

Active

Ended mandates

Laurens Boriale

Director · since 18 juin 2024 · until 16 mai 2025

Ended

CMV Partners

Director · since 20 juillet 2023 · until 16 mai 2025 · 0793.623.118

Represented by Curd Vandekerckhove

Ended

David De Peuter

Director · since 03 juin 2022 · until 16 mai 2025

Ended

ECHOLIMA

Director · since 21 mai 2021 · until 16 mai 2025 · 0705.978.668

Represented by Johannes Verdiesen

Ended

At this address

Other companies at this address

Company	CBE no.
GRANDECOGROUP-BTW EENHEID● Active	0820.463.117
Grandeco Wallfashion Group● Bankrupt	0889.387.654
GRANDIMMO● Active	0890.354.387
THE WALLFASHION HOUSE● Active	0745.385.810

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	11/06/2026	27/05/2025	30/05/2024	16/06/2023	23/05/2022	26/05/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	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

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	15/05/2026	11/06/2026	Dutch	PDF
Full model	31/12/2024	16/05/2025	27/05/2025	Dutch	PDF
Full model	31/12/2023	17/05/2024	30/05/2024	Dutch	PDF
Full model	31/12/2022	19/05/2023	16/06/2023	Dutch	PDF
Full model	31/12/2021	20/05/2022	23/05/2022	Dutch	PDF
Full model	31/12/2020	21/05/2021	26/05/2021	Dutch	PDF
Full model	31/12/2019	15/05/2020	19/05/2020	Dutch	PDF
Full model	31/12/2018	17/05/2019	28/06/2019	Dutch	PDF
Full model	31/12/2017	18/05/2018	29/05/2018	Dutch	PDF
Full model	31/12/2016	19/05/2017	31/05/2017	Dutch	PDF
Full model	31/12/2015	20/05/2016	27/05/2016	Dutch	PDF
Full model	31/12/2014	15/05/2015	27/05/2015	Dutch	PDF
Full model	31/12/2013	16/05/2014	20/05/2014	Dutch	PDF
Full model	31/12/2012	17/05/2013	03/06/2013	Dutch	PDF
Full model	31/12/2011	18/05/2012	12/06/2012	Dutch	PDF
Full model	31/12/2010	20/05/2011	14/06/2011	Dutch	PDF
Full model	31/12/2009	21/05/2010	15/06/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 6 active · 38 ended

Active mandates

David De Peuter

Director · since 16 mai 2025 · until 17 mai 2030

Active

Down2Earth Capital II

Director · since 16 mai 2025 · until 17 mai 2030 · 0695.614.417

Represented by Alain Keppens

Active

ECHOLIMA

Director · since 16 mai 2025 · until 17 mai 2030 · 0705.978.668

Represented by Johannes Verdiesen

Active

L/L plus

Director · since 16 mai 2025 · until 17 mai 2030 · 0879.632.424

Represented by Lieven Lambaere

Active

Vision@Work

Director · since 16 mai 2025 · until 17 mai 2030 · 0546.622.120

Represented by Patrick Molemans

Active

Laurens Boriale

Director · since 18 juin 2024 · until 17 mai 2030

Active

Ended mandates

Laurens Boriale

Director · since 18 juin 2024 · until 16 mai 2025

Ended

CMV Partners

Director · since 20 juillet 2023 · until 16 mai 2025 · 0793.623.118

Represented by Curd Vandekerckhove

Ended

David De Peuter

Director · since 03 juin 2022 · until 16 mai 2025

Ended

ECHOLIMA

Director · since 21 mai 2021 · until 16 mai 2025 · 0705.978.668

Represented by Johannes Verdiesen

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/02/2021
KAPITAAL - AANDELEN
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

2025
Annual accounts 2025-3,6 M €↓
16/05/2025
reconductionL/L Plus BV — bestuurder
16/05/2025
reconductionVision@work BV — bestuurder
16/05/2025
reconductionDOWN2EARTH CAPITAL II CV — bestuurder
16/05/2025
reconductionEcholima BV — bestuurder
16/05/2025
reconductionCMV Partners Comm. V — bestuurder
16/05/2025
reconductionDavid de Peuter — bestuurder
2024
Annual accounts 2024219,1 k €↑
18/06/2024
nominationLaurens Boriale — bestuurder
17/05/2024
reconductionDirk Vlaminckx — commissaris
2023
Annual accounts 2023206,3 k €↓
20/07/2023
nominationCMV Partners Comm.V. — bestuurder
2022
Annual accounts 20224 M €↑
03/06/2022
nominationDe Peuter David — bestuurder
2021
Annual accounts 20212,2 M €↓
2020
Annual accounts 202010,1 M €↑
2019
Annual accounts 20194 M €↑
2018
Annual accounts 20181,3 M €↓
2017
Annual accounts 20174,2 M €↑
2016
Annual accounts 20163,2 M €↑
2015
Annual accounts 20152,4 M €↑
2014
Annual accounts 20141,6 M €↑
2013
Annual accounts 2013-3,8 M €↓
2012
Annual accounts 2012-563,3 k €↑
2011
Annual accounts 2011-945,5 k €↓
2010
Annual accounts 20101,5 M €
13/05/2009
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Grandeco Wallfashion Group - Belgium

Overview

What does Grandeco Wallfashion Group - Belgium do?

Trend over 16 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline