ACTIVE

Riel

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Financial year 2025 · closed on 31/12/2025

Net result

15,8 k €

-38.4% YoY

Gross margin

27 k €

-38.2% YoY

Equity

176,1 k €

+9.9% YoY

What does Riel do?

Riel is a Private limited company incorporated in 2003. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Wuustwezel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.328.119

Incorporation

22/12/2003

Legal form

Private limited company

Registered office

Tereik 92
2990 Wuustwezel · FlandreSee on map

Contributed capital

25 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

43223Plumbing, heat and air-conditioning installation· main 43993Other specialised construction activities n.e.c.43350Building completion and finishing 43390Other building completion and finishing 45111Sale of cars and light motor vehicles 45112Sale of cars and light motor vehicles+21

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	27 k €	-38.2%	43,6 k €	+15.7%	37,7 k €	+146%	15,3 k €	+73.5%	8,8 k €	-88.0%	73,6 k €	-62.7%	197,2 k €	-13.5%	227,9 k €	+9.2%	208,7 k €	-11.2%	235 k €	-20.7%	296,3 k €	-12.6%	339,1 k €	+5.1%	322,7 k €	+4.6%	308,6 k €	+1.7%	303,3 k €	-6.1%	322,9 k €	-8.6%	353,3 k €	+0.4%	351,8 k €	+15.9%	303,5 k €	+4.4%	290,7 k €
EBITDA	26,1 k €	-39.1%	42,9 k €	+16.0%	37 k €	+157%	14,4 k €	+127%	6,4 k €	-73.8%	24,3 k €	-32.4%	35,9 k €	-26.2%	48,7 k €	-14.7%	57,1 k €	-15.9%	67,9 k €	-2.1%	69,3 k €	-0.6%	69,8 k €	+9.5%	63,7 k €	+21.4%	52,5 k €	-21.5%	66,9 k €	-4.4%	69,9 k €	-11.4%	78,9 k €	-13.5%	91,3 k €	+20.9%	75,5 k €	-2.8%	77,7 k €
Operating result	18,8 k €	-46.5%	35,1 k €	+23.5%	28,4 k €	+166%	10,7 k €	+89.6%	5,6 k €	-75.7%	23,2 k €	+1.5%	22,9 k €	-9.1%	25,1 k €	+17.8%	21,3 k €	-5.5%	22,6 k €	-22.8%	29,3 k €	-11.5%	33,1 k €	+29.7%	25,5 k €	+30.2%	19,6 k €	-29.3%	27,7 k €	+22.0%	22,7 k €	+25.4%	18,1 k €	-48.8%	35,4 k €	+52.8%	23,2 k €	-9.6%	25,6 k €
Net result	15,8 k €	-38.4%	25,7 k €	+41.8%	18,1 k €	+128%	8 k €	+84.4%	4,3 k €	-65.6%	12,5 k €	+187%	4,4 k €	-17.5%	5,3 k €	+139%	2,2 k €	+791%	248,9 €	-96.0%	6,1 k €	+11.4%	5,5 k €	+78.2%	3,1 k €	+210%	999,9 €	-46.3%	1,9 k €	-54.2%	4,1 k €	+52.7%	2,7 k €	-69.7%	8,8 k €	-23.8%	11,5 k €	+32.5%	8,7 k €
Balance sheet
Equity	176,1 k €	+9.9%	160,2 k €	+1.4%	158,1 k €	+13.0%	139,9 k €	+6.0%	132 k €	+3.4%	127,7 k €	+10.9%	115,1 k €	+3.9%	110,7 k €	+5.0%	105,4 k €	+2.1%	103,2 k €	+0.2%	103 k €	+6.3%	96,8 k €	+6.0%	91,3 k €	+3.5%	88,2 k €	+1.1%	87,2 k €	+2.2%	85,4 k €	+30.5%	65,4 k €	+4.2%	62,7 k €	+16.3%	54 k €	+27.2%	42,4 k €
Total assets	209,9 k €	-13.3%	242 k €	+5.3%	229,9 k €	+4.4%	220,1 k €	+25.5%	175,4 k €	-7.9%	190,4 k €	-55.9%	432,2 k €	-26.2%	585,2 k €	-10.1%	650,7 k €	-12.4%	743 k €	-7.8%	805,8 k €	+2.6%	785,3 k €	+10.3%	711,7 k €	+46.8%	484,8 k €	-13.8%	562,7 k €	-2.7%	578,4 k €	-21.5%	736,9 k €	+21.2%	608,2 k €	+0.9%	602,8 k €	+10.9%	543,8 k €
Cash	43,1 k €	-49.2%	84,7 k €	-9.0%	93 k €	+141%	38,5 k €	+214%	12,3 k €	-15.8%	14,6 k €	-70.4%	49,3 k €	+45.9%	33,8 k €	-32.5%	50,1 k €	+267%	13,6 k €	-72.7%	49,9 k €	+189%	17,2 k €	-25.6%	23,2 k €	+465%	4,1 k €	-72.2%	14,8 k €	-52.9%	31,3 k €	-14.7%	36,7 k €	+285%	9,5 k €	-28.2%	13,3 k €	-61.1%	34,1 k €
Debts	33,8 k €	-58.7%	81,7 k €	+13.8%	71,8 k €	-10.5%	80,2 k €	+84.6%	43,4 k €	-30.8%	62,8 k €	-80.2%	316,7 k €	-31.5%	462,1 k €	-13.3%	533,2 k €	-16.7%	639,8 k €	-8.9%	702,3 k €	+2.3%	686,8 k €	+10.8%	620,1 k €	+59.2%	389,5 k €	-17.3%	470,8 k €	-0.4%	472,6 k €	-29.2%	667,1 k €	+22.3%	545,4 k €	-0.6%	548,9 k €	+9.8%	499,7 k €
Other
Workforce	–		–		–		–		–		0,9 ETP	-71.0%	3,1 ETP	0.0%	3,1 ETP	-6.1%	3,3 ETP	-19.5%	4,1 ETP	-21.2%	5,2 ETP	-14.8%	6,1 ETP	0.0%	6,1 ETP	-1.6%	6,2 ETP	-4.6%	6,5 ETP	-13.3%	7,5 ETP	-11.8%	8,5 ETP	+1.2%	8,4 ETP	+9.1%	7,7 ETP	+11.6%	6,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Frans van Riel

Director

Active

Ended mandates

Frans van Riel

Director · since 22 décembre 2003

Ended

Frans Van Riel

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro 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	21/08/2026	30/08/2025	30/08/2024	18/07/2023	28/07/2022	30/09/2021
General meeting	17/08/2026	13/08/2025	30/08/2024	23/06/2023	24/06/2022	25/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	17/08/2026	21/08/2026	Dutch	PDF
Micro model	31/12/2024	13/08/2025	30/08/2025	Dutch	PDF
Micro model	31/12/2023	30/08/2024	30/08/2024	Dutch	PDF
Micro model	31/12/2022	23/06/2023	18/07/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	28/07/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	30/09/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	06/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	11/07/2019	Dutch	PDF
Abridged model	31/12/2017	22/06/2018	26/07/2018	Dutch	PDF
Abridged model	31/12/2016	23/06/2017	14/09/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	01/09/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	28/09/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	22/06/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	29/06/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	01/07/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	01/07/2008	Dutch	PDF
Abridged model	31/12/2006	22/06/2007	09/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 active · 2 ended

Active mandates

Frans van Riel

Director

Active

Ended mandates

Frans van Riel

Director · since 22 décembre 2003

Ended

Frans Van Riel

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/12/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/10/2020
MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
PDF
Other03/11/2004
DIVERSEN
PDF
Mandates09/04/2004
ONTSLAGEN - BENOEMINGEN
PDF
Other31/12/2003
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 202515,8 k €↓
2024
Annual accounts 202425,7 k €↑
2023
Annual accounts 202318,1 k €↑
2022
Annual accounts 20228 k €↑
2021
Annual accounts 20214,3 k €↓
2020
Annual accounts 202012,5 k €↑
2019
Annual accounts 20194,4 k €↓
2018
Annual accounts 20185,3 k €↑
2017
Annual accounts 20172,2 k €↑
2016
Annual accounts 2016248,9 €↓
2015
Annual accounts 20156,1 k €↑
2014
Annual accounts 20145,5 k €↑
2013
Annual accounts 20133,1 k €↑
2012
Annual accounts 2012999,9 €↓
2011
Annual accounts 20111,9 k €↓
2010
Annual accounts 20104,1 k €↑
2009
Annual accounts 20092,7 k €↓
2008
Annual accounts 20088,8 k €↓
2007
Annual accounts 200711,5 k €↑
2006
Annual accounts 20068,7 k €
22/12/2003
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

Riel

Overview

What does Riel do?

Trend over 20 financial years

Indicative valuation

Board of directors

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