ACTIVE

D-ESTATE

Financial year 2025 · Closed on 31/12/2025

Net result136,5 k €-32,2 %over 1 year

Revenue2,6 M €+3,4 %over 1 year

Equity6,4 M €+2,2 %over 1 year

Identity

Source · BCE/KBO

D-ESTATE is a Public limited company incorporated in 2010. Its main activity is: Production of electricity. Its registered office is in Menen.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0828.631.408
Incorporation: 20/08/2010
Legal form: Public limited company
Registered office: Lageweg 33
8930 Menen · FlandreSee on map
Contributed capital: 690 963,96 €
Latest accounts: 31/12/2025

Activities (NACE)

35110Production of electricity· main 35110Production of electricity

Signals

ProfitablePositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 16 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	2,6 M €	+3.4%	2,5 M €	-2.0%	2,5 M €	-7.9%	2,8 M €	+7.1%	2,6 M €
EBITDA	1,8 M €	+4.0%	1,7 M €	-20.7%	2,1 M €	-16.5%	2,6 M €	+21.1%	2,1 M €
Operating result	542,3 k €	+8.6%	499,2 k €	-48.9%	976,1 k €	-31.7%	1,4 M €	+24.6%	1,1 M €
Net result	136,5 k €	-32.2%	201,2 k €	-71.0%	692,7 k €	-28.2%	964,5 k €	-74.2%	3,7 M €
Balance sheet
Equity	6,4 M €	+2.2%	6,2 M €	+3.3%	6 M €	-50.3%	12,1 M €	-0.3%	12,2 M €
Total assets	21,7 M €	-11.3%	24,5 M €	+2.2%	24 M €	-7.5%	25,9 M €	+26.9%	20,4 M €
Cash	758,6 k €	+10.0%	689,6 k €	+65.4%	417 k €	-91.7%	5 M €	+533%	792,3 k €
Debts	15,2 M €	-15.8%	18 M €	+2.1%	17,7 M €	+31.2%	13,5 M €	+70.4%	7,9 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DEMA Invest0700.189.154Represented by Marieke Desmet	Director20/02/2024 → 19/06/2031
Lurinvest0688.692.278Represented by Pieter Desmet	Director01/01/2020 → 19/06/2031
Malexis0687.848.675Represented by Silke Desmet	Director01/01/2020 → 19/06/2031
The Veneer0679.599.519Represented by Pieterjan Desmet	Managing director20/02/2024 → 19/06/2031Director01/01/2020 → 2023 accountsended
Todecom0688.587.459Represented by Tom Desmet	Director01/01/2020 → 19/06/2031

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Silvius Sun0889.866.617Represented by Olaf Van der Sar	Managing director10/05/2017 → 2018 accounts
BLACK SWAN0827.036.648Represented by Anthony Theys	Director24/05/2016 → 2018 accounts
CLEAN ENERGY INVEST0816.804.039Represented by Peter De Smet	Director24/05/2016 → 2018 accounts

Other companies at this address

Lageweg 33 8930 Menen

Company	CBE no.
DECOSPAN● Active	0889.710.328
decospan groep belgie● Active	0892.786.614
DECOSPAN HOLDING● Active	0418.850.156
D-Services● Active	1030.022.808
D-Warehouse● Active	0441.768.781
The Veneer● Active	0679.599.519

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full 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	14/07/2026	18/07/2025	11/07/2024	12/07/2023	11/07/2022	13/07/2021
General meeting	02/07/2026	09/07/2025	03/07/2024	27/06/2023	16/06/2022	17/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 16 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	02/07/2026	14/07/2026	Dutch	PDF
Full model	31/12/2024	09/07/2025	18/07/2025	Dutch	PDF
Full model	31/12/2023	03/07/2024	11/07/2024	Dutch	PDF
Full model	31/12/2022	27/06/2023	12/07/2023	Dutch	PDF
Full model	31/12/2021	16/06/2022	11/07/2022	Dutch	PDF
Abridged model	31/12/2020	17/06/2021	13/07/2021	Dutch	PDF
Abridged model	31/12/2019	04/05/2020	28/05/2020	Dutch	PDF
Abridged model	31/12/2018	19/03/2019	06/05/2019	Dutch	PDF
Abridged model	31/12/2017	13/06/2018	20/06/2018	Dutch	PDF
Abridged model	31/12/2016	10/05/2017	18/05/2017	Dutch	PDF
Abridged model	31/12/2015	24/05/2016	31/05/2016	Dutch	PDF
Abridged model	31/12/2014	23/04/2015	29/04/2015	Dutch	PDF
Abridged model	31/12/2013	28/05/2014	04/06/2014	Dutch	PDF
Abridged model	31/12/2012	15/04/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	16/04/2012	20/08/2012	Dutch	PDF
Abridged model	31/12/2010	06/05/2011	24/08/2011	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DEMA Invest0700.189.154Represented by Marieke Desmet	Director20/02/2024 → 19/06/2031
Lurinvest0688.692.278Represented by Pieter Desmet	Director01/01/2020 → 19/06/2031
Malexis0687.848.675Represented by Silke Desmet	Director01/01/2020 → 19/06/2031
The Veneer0679.599.519Represented by Pieterjan Desmet	Managing director20/02/2024 → 19/06/2031Director01/01/2020 → 2023 accountsended
Todecom0688.587.459Represented by Tom Desmet	Director01/01/2020 → 19/06/2031

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Silvius Sun0889.866.617Represented by Olaf Van der Sar	Managing director10/05/2017 → 2018 accounts
BLACK SWAN0827.036.648Represented by Anthony Theys	Director24/05/2016 → 2018 accounts
CLEAN ENERGY INVEST0816.804.039Represented by Peter De Smet	Director24/05/2016 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates05/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring05/05/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring14/08/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates17/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring25/08/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates20/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring21/05/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other14/05/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings16 filings

Mandates

The Veneer

Malexis

Todecom

Lurinvest

DEMA Invest

Silvius Sun

CLEAN ENERGY INVEST

BLACK SWAN

Joris De Meester

Emmanuel Jans

2010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

D-ESTATESolarPulse IV

Lageweg 33, 8930 Menen

Managing directorDirector

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Lageweg 33, 8930 MenenCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00297458

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
D-ESTATECurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00297458
SolarPulse IV	accounts 2010 → 2020	Accounts 2020 · 2021-35700500

Events

2025
Annual accounts 2025136,5 k €↓
2024
Annual accounts 2024201,2 k €↓
2023
Annual accounts 2023692,7 k €↓
2022
Annual accounts 2022964,5 k €↓
2021
Annual accounts 20213,7 M €↑
2021
Name changeD-ESTATE
2020
Annual accounts 202019 k €↓
2019
Annual accounts 201993,5 k €↓
2018
Annual accounts 2018155,1 k €↑
2017
Annual accounts 201784,7 k €↑
2016
Annual accounts 201683,8 k €↓
2015
Annual accounts 2015114,5 k €↑
2014
Annual accounts 201484,8 k €↑
2013
Annual accounts 201375,6 k €↓
2012
Annual accounts 201277,8 k €↓
2011
Annual accounts 201181,7 k €↑
2010
Annual accounts 2010-139,3 k €
20/08/2010
IncorporationPublic limited company

D-ESTATE

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events