ACTIVE

R&D GROUP

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Financial year 2025 · closed on 30/06/2025

Net result

315,1 k €

-7.6% YoY

Gross margin

396 k €

-7.3% YoY

Equity

16,5 M €

+0.7% YoY

Workforce

0,0 ETP

What does R&D GROUP do?

R&D GROUP is a Private limited company incorporated in 2012. Its main activity is: Management consultancy activities. Its registered office is in Ninove.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0847.390.020

Incorporation

13/07/2012

Legal form

Private limited company

Registered office

Nederwijk-Oost 275
9400 Ninove · FlandreSee on map

Contributed capital

9 532 922,00 €

Latest accounts

30/06/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	396 k €	-7.3%	427 k €	+106%	207,3 k €	+666%	27 k €	-32.7%	40,2 k €	-53.9%	87,1 k €	-75.9%	361,7 k €	+465%	64 k €	-52.7%	135,4 k €	-10.6%	151,4 k €	+169%	56,3 k €
EBITDA	393,5 k €	-7.3%	424,6 k €	+107%	205,1 k €	+705%	25,5 k €	-32.4%	37,7 k €	-56.0%	85,6 k €	-76.1%	358,4 k €	+500%	59,8 k €	-55.5%	134,3 k €	-10.9%	150,8 k €	+173%	55,2 k €
Operating result	393,5 k €	-7.3%	424,6 k €	+107%	205,1 k €	+705%	25,5 k €	-32.4%	37,7 k €	-56.0%	85,6 k €	-76.1%	358,4 k €	+500%	59,8 k €	-55.5%	134,3 k €	-10.9%	150,8 k €	+173%	55,2 k €
Net result	315,1 k €	-7.6%	341,1 k €	-75.0%	1,4 M €	+5265%	25,4 k €	-67.9%	79,1 k €	+76.3%	44,9 k €	-94.6%	834,2 k €	-73.4%	3,1 M €	+4392%	69,8 k €	-0.8%	70,4 k €	+90.2%	37 k €
Balance sheet
Equity	16,5 M €	+0.7%	16,4 M €	+0.8%	16,3 M €	+8.4%	15 M €	+8.8%	13,8 M €	+0.6%	13,7 M €	+0.3%	13,7 M €	+6.5%	12,8 M €	+32.3%	9,7 M €	+0.7%	9,6 M €	+0.7%	9,6 M €
Total assets	16,7 M €	+0.8%	16,6 M €	+1.2%	16,4 M €	+8.5%	15,1 M €	+8.4%	13,9 M €	-0.1%	13,9 M €	-1.1%	14,1 M €	+2.0%	13,8 M €	-1.9%	14,1 M €	+2.3%	13,8 M €	+1.0%	13,6 M €
Cash	1,9 M €	+43.8%	1,3 M €	+31.0%	986 k €	+0.7%	979,2 k €	+334%	225,7 k €	-13.3%	260,4 k €	+176%	94,3 k €	+51.2%	62,4 k €	-85.7%	436,2 k €	+827%	47 k €	+4031%	1,1 k €
Debts	170,6 k €	+16.8%	146,1 k €	+67.1%	87,4 k €	+38.8%	63 k €	-42.9%	110,3 k €	-47.4%	209,6 k €	-49.1%	411,9 k €	-57.3%	963,8 k €	-77.9%	4,4 M €	+6.1%	4,1 M €	+1.5%	4,1 M €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 8 ended

Active mandates

Dirk DIEPENDAELE

Director

Active

Rene DIEPENDAELE

Director

Active

Ended mandates

Dirk Diependaele

Director · since 12 juillet 2012

Ended

Dirk Diependaele

Manager · since 12 juillet 2012

Ended

René Diependaele

Director · since 12 juillet 2012

Ended

René Diependaele

Manager · since 12 juillet 2012

Ended

At this address

Other companies at this address

Company	CBE no.
G.R.D. DIEPENDAELE● Active	0430.814.018

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/12/2025	23/12/2024	30/12/2023	30/01/2023	27/12/2021	01/04/2021
General meeting	06/12/2025	07/12/2024	02/12/2023	30/12/2022	04/12/2021	05/12/2020
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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	06/12/2025	30/12/2025	Dutch	PDF
Abridged model	30/06/2024	07/12/2024	23/12/2024	Dutch	PDF
Abridged model	30/06/2023	02/12/2023	30/12/2023	Dutch	PDF
Abridged model	30/06/2022	30/12/2022	30/01/2023	Dutch	PDF
Abridged model	30/06/2021	04/12/2021	27/12/2021	Dutch	PDF
Abridged model	30/06/2020	05/12/2020	01/04/2021	Dutch	PDF
Abridged model	30/06/2019	07/12/2019	02/01/2020	Dutch	PDF
Abridged model	30/06/2018	01/12/2018	16/12/2018	Dutch	PDF
Abridged model	30/06/2017	02/12/2017	11/01/2018	Dutch	PDF
Abridged model	30/06/2016	03/12/2016	21/12/2016	Dutch	PDF
Abridged model	30/06/2015	12/12/2015	06/01/2016	Dutch	PDF
Abridged model	30/06/2014	29/11/2014	03/12/2014	Dutch	PDF
Abridged model	30/06/2013	15/01/2014	06/02/2014	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 30/06/2025 · 2 active · 8 ended

Active mandates

Dirk DIEPENDAELE

Director

Active

Rene DIEPENDAELE

Director

Active

Ended mandates

Dirk Diependaele

Director · since 12 juillet 2012

Ended

Dirk Diependaele

Manager · since 12 juillet 2012

Ended

René Diependaele

Director · since 12 juillet 2012

Ended

René Diependaele

Manager · since 12 juillet 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/01/2024
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other24/07/2012
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 2025315,1 k €↓
2024
Annual accounts 2024341,1 k €↓
2023
Annual accounts 20231,4 M €↑
2022
Annual accounts 202225,4 k €↓
2019
Annual accounts 201979,1 k €↑
2018
Annual accounts 201844,9 k €↓
2017
Annual accounts 2017834,2 k €↓
2016
Annual accounts 20163,1 M €↑
2015
Annual accounts 201569,8 k €↓
2014
Annual accounts 201470,4 k €↑
2013
Annual accounts 201337 k €
13/07/2012
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

R&D GROUP

Overview

What does R&D GROUP do?

Trend over 11 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