ACTIVE

DB Fourage

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Financial year 2025 · closed on 31/12/2025

Net result

541,6 k €

+32.9% YoY

Gross margin

2,5 M €

+9.8% YoY

Equity

3,6 M €

+10.5% YoY

Workforce

14,1 ETP

-10.2% YoY

What does DB Fourage do?

DB Fourage is a Private limited company incorporated in 2010. Its main activity is: Wholesale of grain, unmanufactured tobacco, seeds and animal feeds. Its registered office is in Aalter. It employs on average 14,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0826.210.762

Incorporation

28/05/2010

Legal form

Private limited company

Registered office

Geuzestraat 48
9910 Aalter · FlandreSee on map

Contributed capital

110 000,00 €

Latest accounts

31/12/2025

Average workforce

14,1 ETP

Activities (NACE)

46212Wholesale of grain, unmanufactured tobacco, seeds and animal feeds· main 46212Wholesale of grain, unmanufactured tobacco, seeds and animal feeds 38219Treatment and disposal of non-hazardous waste 38330Materials recovery 46211Wholesale of grain, unmanufactured tobacco, seeds and animal feeds 46211Wholesale of grain, unmanufactured tobacco, seeds and animal feeds+6

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	2,5 M €	+9.8%	2,3 M €	-7.2%	2,5 M €	+14.6%	2,2 M €	+14.2%	1,9 M €	+12.6%	1,7 M €	+14.5%	1,5 M €	+24.4%	1,2 M €	+14.0%	1 M €	-0.3%	1 M €	+25.2%	826,4 k €	-4.8%	867,6 k €	+49.0%	582,4 k €	+20.4%	483,6 k €	-26.3%	656,5 k €
EBITDA	1,5 M €	+11.1%	1,4 M €	-16.1%	1,6 M €	+10.5%	1,5 M €	+17.5%	1,3 M €	+10.4%	1,1 M €	+23.3%	921,8 k €	+28.5%	717,4 k €	+1.9%	704,1 k €	+1.9%	691,1 k €	+22.1%	566 k €	-10.7%	633,7 k €	+66.9%	379,7 k €	+10.4%	343,9 k €	-33.9%	520 k €
Operating result	661,2 k €	+17.3%	563,5 k €	-29.0%	793,7 k €	+25.5%	632,5 k €	+4.3%	606,2 k €	+14.3%	530,4 k €	+73.1%	306,5 k €	+40.8%	217,7 k €	+28.9%	168,9 k €	-17.1%	203,8 k €	+18.9%	171,4 k €	-31.3%	249,3 k €	+267%	-149,2 k €	-492%	38,1 k €	-57.6%	89,9 k €
Net result	541,6 k €	+32.9%	407,6 k €	-25.7%	548,7 k €	-4.7%	575,6 k €	+18.6%	485,2 k €	+0.9%	480,8 k €	+127%	212 k €	+54.3%	137,4 k €	+77.6%	77,4 k €	-37.7%	124,1 k €	+15.2%	107,7 k €	-41.5%	184,1 k €	+202%	-180,4 k €	-1102%	18 k €	-67.7%	55,8 k €
Balance sheet
Equity	3,6 M €	+10.5%	3,3 M €	+11.0%	2,9 M €	+22.9%	2,4 M €	+32.3%	1,8 M €	+36.6%	1,3 M €	+56.8%	846,2 k €	+33.4%	634,2 k €	+27.7%	496,8 k €	+18.4%	419,4 k €	+42.0%	295,3 k €	+57.4%	187,5 k €	+5355%	3,4 k €	-98.1%	183,8 k €	+10.9%	165,8 k €
Total assets	6,8 M €	-3.3%	7,1 M €	-3.6%	7,3 M €	-20.3%	9,2 M €	+32.5%	7 M €	+21.0%	5,7 M €	+35.5%	4,2 M €	+1.6%	4,2 M €	-2.1%	4,3 M €	-1.7%	4,3 M €	+13.3%	3,8 M €	+7.6%	3,6 M €	-1.2%	3,6 M €	+185%	1,3 M €	+1.3%	1,2 M €
Cash	257,4 k €	+36.2%	189 k €	-82.1%	1,1 M €	+41.6%	744,1 k €	+1.5%	732,9 k €	+250%	209,3 k €	-12.6%	239,6 k €	+78.9%	133,9 k €	-51.6%	276,8 k €	+106%	134,2 k €	-1.7%	136,5 k €	-24.0%	179,7 k €	+19.1%	150,8 k €	-13.3%	174 k €	+46.3%	118,9 k €
Debts	3,2 M €	-15.0%	3,8 M €	-12.8%	4,4 M €	-35.8%	6,8 M €	+32.4%	5,1 M €	+16.3%	4,4 M €	+30.2%	3,4 M €	-4.1%	3,5 M €	-6.0%	3,8 M €	-3.8%	3,9 M €	+10.9%	3,5 M €	+4.8%	3,4 M €	-6.3%	3,6 M €	+233%	1,1 M €	-0.2%	1,1 M €
Other
Workforce	14,1 ETP	-10.2%	15,7 ETP	+28.7%	12,2 ETP	+10.9%	11,0 ETP	+6.8%	10,3 ETP	+15.7%	8,9 ETP	+9.9%	8,1 ETP	+3.8%	7,8 ETP	+14.7%	6,8 ETP	+13.3%	6,0 ETP	+3.4%	5,8 ETP	+9.4%	5,3 ETP	+17.8%	4,5 ETP	+32.4%	3,4 ETP	+61.9%	2,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 7 ended

Active mandates

DBF INVEST

Director · since 19 janvier 2023 · 0797.500.148

Represented by Bert De Baere

Active

Dirk De Baere

Director

Active

Hilde Bonamie

Director

Active

Nele Lanckriet

Director

Active

Ended mandates

Nele Lanckriet

Manager · since 01 octobre 2013

Ended

Bert De Baere

Director · until 19 janvier 2023

Ended

Bert De Baere

Director

Ended

Bert De Baere

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
DBF INVEST● Active	0797.500.148

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	22/06/2026	19/06/2025	03/06/2024	19/07/2023	27/06/2022	28/06/2021
General meeting	06/06/2026	07/06/2025	24/02/2024	24/06/2023	25/06/2022	26/06/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	06/06/2026	22/06/2026	Dutch	PDF
Abridged model	31/12/2024	07/06/2025	19/06/2025	Dutch	PDF
Abridged model	31/12/2023	24/02/2024	03/06/2024	Dutch	PDF
Abridged model	31/12/2022	24/06/2023	19/07/2023	Dutch	PDF
Abridged model	31/12/2021	25/06/2022	27/06/2022	Dutch	PDF
Abridged model	31/12/2020	26/06/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	27/06/2020	18/08/2020	Dutch	PDF
Abridged model	31/12/2018	29/06/2019	01/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	03/07/2018	Dutch	PDF
Abridged model	31/12/2016	24/06/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	27/06/2016	Dutch	PDF
Abridged model	31/12/2014	27/06/2015	06/07/2015	Dutch	PDF
Abridged model	31/12/2013	28/06/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	01/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	13/07/2012	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 4 active · 7 ended

Active mandates

DBF INVEST

Director · since 19 janvier 2023 · 0797.500.148

Represented by Bert De Baere

Active

Dirk De Baere

Director

Active

Hilde Bonamie

Director

Active

Nele Lanckriet

Director

Active

Ended mandates

Nele Lanckriet

Manager · since 01 octobre 2013

Ended

Bert De Baere

Director · until 19 janvier 2023

Ended

Bert De Baere

Director

Ended

Bert De Baere

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/01/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other09/03/2011
DIVERSEN
PDF
Other01/06/2010
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

2025
Annual accounts 2025541,6 k €↑
2024
Annual accounts 2024407,6 k €↓
2023
Annual accounts 2023548,7 k €↓
2022
Annual accounts 2022575,6 k €↑
2022
Name changeDB Fourage
2021
Annual accounts 2021485,2 k €↑
2020
Annual accounts 2020480,8 k €↑
2019
Annual accounts 2019212 k €↑
2018
Annual accounts 2018137,4 k €↑
2017
Annual accounts 201777,4 k €↓
2016
Annual accounts 2016124,1 k €↑
2015
Annual accounts 2015107,7 k €↓
2014
Annual accounts 2014184,1 k €↑
2013
Annual accounts 2013-180,4 k €↓
2012
Annual accounts 201218 k €↓
2011
Annual accounts 201155,8 k €
2011
Name changeD B Fourage
28/05/2010
IncorporationPrivate 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

DB Fourage

Overview

What does DB Fourage do?

Trend over 15 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