ACTIVE

Flanders Make

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Financial year 2025 · Closed on 31/12/2025

Net result1,5 M €-10,5 %over 1 year
Revenue32,3 M €+4,6 %over 1 year
Equity26 M €+11,0 %over 1 year
Workforce218,6 ETP+6,7 %over 1 year

Identity

Source · BCE/KBO

Flanders Make is a Non-profit organization incorporated in 2003. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Lommel. It employs on average 218,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0860.286.268
Incorporation
29/08/2003
Legal form
Non-profit organization
Registered office
Oude Diestersebaan 133
3920 Lommel · FlandreSee on map
Latest accounts
31/12/2025
Average workforce
218,6 ETP
Joint committees (1)
  • 335
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue32,3 M €30,9 M €28 M €25,2 M €21,8 M €
EBITDA2,9 M €2,4 M €807,6 k €2,6 M €1,9 M €
Operating result191 k €-182,1 k €-1,5 M €88,1 k €-366,3 k €
Net result1,5 M €1,7 M €28,9 k €-674,5 k €702,3 k €
Balance sheet
Equity26 M €23,5 M €19,9 M €20,6 M €19 M €
Total assets234,7 M €229 M €203,7 M €150,8 M €121,9 M €
Cash184,6 k €9,5 M €20,4 M €43,4 M €73,6 M €
Debts122,1 M €118,1 M €108,3 M €72,3 M €50,7 M €
Other
Workforce218,6 ETP204,9 ETP192,6 ETP175,7 ETP155,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

13 active · 49 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Thomas Beauduin
Directorsince 09/05/2025
Jolyce Demely
Directorsince 07/10/2024
Geert Bruyneel
Directorsince 04/11/2014
Geert Van Poelvoorde
Chairman of the board of directorssince 13/05/2024
Jan Vercammen
Directorsince 13/05/2024
Julie Lietaer
Directorsince 13/05/2024
Koen Christiaensen
Directorsince 13/05/2024
Elke Piessens
Directorsince 17/05/2023
André Bouffioux
Directorsince 15/05/2019
Geert Ostyn
Director23/05/2014 → 09/05/2025
Ignace Lemahieu
Directorsince 15/05/2019
Katrien Wyckaert
Directorsince 15/05/2019
Koenraad Debackere
Directorsince 15/05/2019

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Karen Maex
Director17/05/2023 → 2023 accounts
Herman Derache
Director15/05/2019 → 15/05/2024

Other companies at this address

Oude Diestersebaan 133 3920 Lommel
CompanyCBE no.
REDESIM● Active
0428.907.571

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date27/05/202619/05/202506/06/202425/05/202325/05/202214/06/2021
General meeting08/05/202609/05/202513/05/202417/05/202318/05/202219/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202508/05/202627/05/2026DutchPDF
Full model31/12/202409/05/202519/05/2025DutchPDF
Full modelCorrection31/12/202313/05/202406/06/2024DutchPDF
Full model31/12/202313/05/202427/05/2024DutchPDF
Full model31/12/202217/05/202325/05/2023DutchPDF
Full model31/12/202118/05/202225/05/2022DutchPDF
Full model31/12/202019/05/202114/06/2021DutchPDF
Full modelCorrection31/12/201920/05/202031/08/2020DutchPDF
Full model31/12/201913/05/202003/06/2020DutchPDF
Full model31/12/201815/05/201911/06/2019DutchPDF
Full model31/12/201716/05/201811/06/2018DutchPDF
Full model31/12/201617/05/201712/06/2017DutchPDF
Full model31/12/201518/05/201617/06/2016DutchPDF
Full model31/12/201418/05/201509/06/2015DutchPDF
Full model31/12/201324/04/201405/06/2014DutchPDF
Full model31/12/201230/05/201313/06/2013DutchPDF
Full model31/12/201124/05/201211/06/2012DutchPDF
Full model31/12/201026/05/201117/08/2011DutchPDF
Full model31/12/200920/05/201028/07/2010DutchPDF
Full model31/12/200828/05/200916/07/2009DutchPDF
Full model31/12/200722/05/200827/08/2008DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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.

Board of directors

Source · NBB, accounts to 31/12/2025

13 active · 49 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Thomas Beauduin
Directorsince 09/05/2025
Jolyce Demely
Directorsince 07/10/2024
Geert Bruyneel
Directorsince 04/11/2014
Geert Van Poelvoorde
Chairman of the board of directorssince 13/05/2024
Jan Vercammen
Directorsince 13/05/2024
Julie Lietaer
Directorsince 13/05/2024
Koen Christiaensen
Directorsince 13/05/2024
Elke Piessens
Directorsince 17/05/2023
André Bouffioux
Directorsince 15/05/2019
Geert Ostyn
Director23/05/2014 → 09/05/2025
Ignace Lemahieu
Directorsince 15/05/2019
Katrien Wyckaert
Directorsince 15/05/2019
Koenraad Debackere
Directorsince 15/05/2019

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Karen Maex
Director17/05/2023 → 2023 accounts
Herman Derache
Director15/05/2019 → 15/05/2024

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other11/08/2026
    STATUTEN (VERTALING, COORDINATIE, OVERIGE WIJZIGINGEN)
    PDF
  • Mandates03/07/2025
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates02/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other24/06/2024
    DIVERSEN
    PDF
  • Mandates20/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/05/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other08/07/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates04/02/2021
    ONTSLAGEN - BENOEMINGEN
    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
Filings19 filings
Mandates
Thomas Beauduin
Jolyce Demely
Jan Vercammen
Geert Van Poelvoorde
Koen Christiaensen
Julie Lietaer
Geert Bruyneel
Elke Piessens
André Bouffioux
Geert Ostyn
Ignace Lemahieu
Koenraad Debackere
200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
Flanders Make
Oude Diestersebaan 133, 3920 Lommel
Director
Director
Director
Chairman of the board of directors
Director
Director
Director
Director
Director
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Oude Diestersebaan 133, 3920 LommelCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00124466

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
Flanders MakeCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00124466

Events

  1. 2025
    Annual accounts 20251,5 M €↓
  2. 09/05/2025
    nominationBEAUDUIN Thomas · bestuurder
  3. 2024
    Annual accounts 20241,7 M €↑
  4. 07/10/2024
    nominationDEMELY Jolyce · bestuurder
  5. 13/05/2024
    nominationVAN POELVOORDE Geert · bestuurder
  6. 13/05/2024
    nominationLIETAER Julie · bestuurder
  7. 13/05/2024
    nominationVERCAMMEN Jan · bestuurder
  8. 13/05/2024
    nominationBRUYNEEL Geert · bestuurder
  9. 13/05/2024
    nominationCHRISTIAENSEN Koen · bestuurder
  10. 2023
    Annual accounts 202328,9 k €↑
  11. 17/05/2023
    nominationMAEX Karen · bestuurder
  12. 17/05/2023
    nominationPIESSENS Elke · bestuurder
  13. 17/05/2023
    nominationLOBBESTAEL Grisja · dagelijks bestuurder
  14. 2022
    Annual accounts 2022-674,5 k €↓
  15. 2021
    Annual accounts 2021702,3 k €↑
  16. 2020
    Annual accounts 2020-237,5 k €↑
  17. 2019
    Annual accounts 2019-246,2 k €↓
  18. 2018
    Annual accounts 2018-148,6 k €↓
  19. 2017
    Annual accounts 20172,3 M €↓
  20. 2016
    Annual accounts 20166 M €↑
  21. 2015
    Annual accounts 2015398,8 k €↓
  22. 2014
    Annual accounts 2014552,2 k €↓
  23. 2013
    Annual accounts 2013736,1 k €↑
  24. 2012
    Annual accounts 2012719 k €↑
  25. 2011
    Annual accounts 2011353,7 k €↓
  26. 2010
    Annual accounts 2010460,2 k €↑
  27. 2009
    Annual accounts 2009349,3 k €↓
  28. 2008
    Annual accounts 2008803,4 k €↑
  29. 2007
    Annual accounts 2007622,5 k €
  30. 29/08/2003
    IncorporationNon-profit organization