ACTIVE

Despiegelaere Projects

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Financial year 2025 · closed on 31/12/2025

Net result

4,0 M €

+230.5% YoY

Gross margin

-448,2 k €

-41.4% YoY

Equity

29,9 M €

+5.7% YoY

What does Despiegelaere Projects do?

Despiegelaere Projects is a Public limited company incorporated in 2004. Its main activity is: Activities of holding companies. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.360.853

Incorporation

18/05/2004

Legal form

Public limited company

Registered office

Beneluxpark(Kor) 26 box .0002
8500 Kortrijk · FlandreSee on map

Contributed capital

3 758 161,39 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 41101Development of building projects 68121Buying and selling of own real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ 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		2007
Income statement
Gross margin	-448,2 k €	-41.4%	-317,1 k €	-69.4%	-187,2 k €	-31.1%	-142,7 k €	-103%	5,2 M €	+3860%	-138,8 k €	-88.0%	-73,8 k €	-220%	61,3 k €	+411%	-19,7 k €	-33.2%	-14,8 k €	-104%	392,6 k €	-30.7%	566,8 k €	-11.3%	639,0 k €	-36.8%	1,0 M €	+9.0%	927,5 k €	+733%	111,4 k €	-84.7%	726,4 k €	-34.1%	1,1 M €	+3092%	-36,8 k €	-102%	1,5 M €
EBITDA	-586,5 k €	-83.7%	-319,2 k €	-69.3%	-188,5 k €	-20.9%	-155,9 k €	-103%	5,2 M €	+3833%	-139,7 k €	-86.9%	-74,8 k €	-224%	60,3 k €	+392%	-20,7 k €	+88.2%	-175,8 k €	-145%	389,2 k €	-31.2%	565,8 k €	-11.3%	637,7 k €	-36.8%	1,0 M €	+9.1%	925,2 k €	+741%	110,0 k €	-84.9%	726,4 k €	-30.1%	1,0 M €	+2130%	-51,2 k €	-103%	1,5 M €
Operating result	-589,1 k €	-82.8%	-322,3 k €	-69.8%	-189,8 k €	-21.8%	-155,9 k €	-103%	5,2 M €	+3833%	-139,7 k €	-86.9%	-74,8 k €	-224%	60,3 k €	+177%	-78,2 k €	+55.5%	-175,8 k €	-145%	389,2 k €	-31.2%	565,8 k €	-11.3%	637,7 k €	-36.8%	1,0 M €	+9.1%	925,2 k €	+741%	110,0 k €	-75.1%	442,3 k €	-56.8%	1,0 M €	+1638%	-66,5 k €	-104%	1,5 M €
Net result	4,0 M €	+231%	1,2 M €	-31.1%	1,8 M €	+43.4%	1,2 M €	-80.0%	6,2 M €	+910%	611,6 k €	-25.2%	817,6 k €	-32.4%	1,2 M €	+83.6%	658,5 k €	+91.7%	343,4 k €	+11.1%	309,1 k €	-26.9%	422,6 k €	-27.4%	581,8 k €	-46.2%	1,1 M €	+16.6%	927,3 k €	+376%	194,6 k €	-66.0%	571,7 k €	-21.0%	723,6 k €	+157%	281,3 k €	-76.5%	1,2 M €
Balance sheet
Equity	29,9 M €	+5.7%	28,3 M €	-5.0%	29,7 M €	+6.3%	28,0 M €	+4.6%	26,7 M €	+30.0%	20,6 M €	+3.1%	20,0 M €	+4.3%	19,1 M €	-7.4%	20,7 M €	+3.3%	20,0 M €	+15.7%	17,3 M €	+1.8%	17,0 M €	+2.6%	16,6 M €	+3.6%	16,0 M €	+7.3%	14,9 M €	+6.6%	14,0 M €	+1.4%	13,8 M €	+4.3%	13,2 M €	+5.8%	12,5 M €	+2.3%	12,2 M €
Total assets	41,6 M €	+14.4%	36,3 M €	+1.2%	35,9 M €	+1.4%	35,4 M €	+2.8%	34,4 M €	+19.2%	28,9 M €	+1.7%	28,4 M €	+0.2%	28,3 M €	+3.0%	27,5 M €	-3.6%	28,5 M €	+7.4%	26,6 M €	+17.3%	22,7 M €	+7.3%	21,1 M €	+2.7%	20,6 M €	+7.5%	19,1 M €	+6.2%	18,0 M €	-2.2%	18,4 M €	+3.8%	17,7 M €	+2.3%	17,3 M €	+1.2%	17,1 M €
Cash	34,6 k €	-39.5%	57,2 k €	-70.8%	196,0 k €	-74.5%	769,0 k €	+126%	340,9 k €	-57.7%	805,0 k €	-41.7%	1,4 M €	+24.5%	1,1 M €	+291%	283,6 k €	-78.6%	1,3 M €	+157%	515,7 k €	+387%	106,0 k €	-10.9%	118,9 k €	-16.3%	142,1 k €	+57.1%	90,4 k €	+4.6%	86,4 k €	+9.5%	79,0 k €	-95.1%	1,6 M €	+513%	260,2 k €	+171%	96,0 k €
Debts	11,6 M €	+45.4%	8,0 M €	+31.2%	6,1 M €	-17.5%	7,4 M €	-3.3%	7,6 M €	-7.7%	8,3 M €	-1.5%	8,4 M €	-8.4%	9,2 M €	+34.7%	6,8 M €	-19.8%	8,5 M €	-8.0%	9,3 M €	+63.7%	5,7 M €	+25.2%	4,5 M €	-0.2%	4,5 M €	+8.4%	4,2 M €	+4.8%	4,0 M €	-13.2%	4,6 M €	+3.6%	4,4 M €	-6.8%	4,7 M €	-3.7%	4,9 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 25 ended

Active mandates

Siska Dedeyne

Managing director · since 31 octobre 2024

Active

Spinvest Group

Director · since 31 octobre 2024 · 0795.571.036

Represented by Despiegelaere ARTHUR LUC T

Active

Staere

Director · since 31 octobre 2024 · 1005.912.962

Represented by Despiegelaere Axelle

Active

Ended mandates

Staere

Director · since 31 octobre 2024 · 1005.912.962

Represented by Despiegelaere AXELLE

Ended

Siska Dedeyne

Director · since 07 mai 2021 · until 17 avril 2026

Ended

Siska Dedeyne

Managing director · since 07 mai 2021 · until 17 avril 2026

Ended

DSProjects

Director · since 03 décembre 2020 · until 31 octobre 2024 · 0702.760.743

Represented by Despiegelaere Arthur Luc T

Ended

At this address

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Adu Groep● Active	0830.783.026
AD ULTIMA● Active	0472.713.068
AD ULTIMA INVEST● Active	0879.143.662
AROES● Active	0644.569.057
ARTELCO● Active	0810.655.229
AVABEKE● Active	0687.573.117
AVARONNE● Active	0844.936.316
BTW-eenheid DESPIEGELAERE GROEP● Active	1029.290.952
CAPRICE● Bankrupt	0423.235.447
CARE TALENTS● Active	0820.126.090
Crecimiento● Active	1039.649.760
DEMSAR● Active	0734.960.585
Den Bosse● Active	1022.617.748
DENNEDUIN● Active	0451.225.687
Despiegelaere Promotions● Active	0878.167.130
doQmind● Active	0788.491.521
DP-Technics● Active	1021.323.787

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	01/11/2023	01/11/2022	01/11/2021	01/11/2020	01/11/2019
Closing of the financial year	31/12/2025	31/12/2024	31/10/2023	31/10/2022	31/10/2021	31/10/2020
Length of the financial year	12 months	14 months	12 months	12 months	12 months	12 months
Filing date	15/07/2026	25/09/2025	04/07/2024	16/05/2023	31/05/2022	20/05/2021
General meeting	19/06/2026	20/06/2025	19/04/2024	21/04/2023	15/04/2022	07/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	15/07/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	25/09/2025	Dutch	PDF
Abridged model	31/10/2023	19/04/2024	04/07/2024	Dutch	PDF
Abridged model	31/10/2022	21/04/2023	16/05/2023	Dutch	PDF
Abridged model	31/10/2021	15/04/2022	31/05/2022	Dutch	PDF
Abridged model	31/10/2020	07/05/2021	20/05/2021	Dutch	PDF
Abridged model	31/10/2019	17/04/2020	29/04/2020	Dutch	PDF
Abridged model	31/10/2018	19/04/2019	16/05/2019	Dutch	PDF
Abridged model	31/10/2017	20/04/2018	07/05/2018	Dutch	PDF
Abridged model	31/10/2016	21/04/2017	31/05/2017	Dutch	PDF
Abridged model	31/10/2015	15/04/2016	02/05/2016	Dutch	PDF
Abridged model	31/10/2014	11/05/2015	29/05/2015	Dutch	PDF
Abridged model	31/10/2013	18/04/2014	30/04/2014	Dutch	PDF
Abridged modelCorrection	31/10/2012	19/04/2013	04/07/2013	Dutch	PDF
Abridged model	31/10/2012	19/04/2013	15/05/2013	Dutch	PDF
Abridged model	31/10/2011	11/05/2012	30/05/2012	Dutch	PDF
Abridged model	31/10/2010	06/05/2011	18/05/2011	Dutch	PDF
Abridged model	31/10/2009	14/05/2010	25/05/2010	Dutch	PDF
Abridged model	31/10/2008	19/06/2009	17/07/2009	Dutch	PDF
Abridged model	31/10/2007	18/04/2008	04/06/2008	Dutch	PDF
Abridged model	31/01/2007	19/08/2007	06/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 3 active · 25 ended

Active mandates

Siska Dedeyne

Managing director · since 31 octobre 2024

Active

Spinvest Group

Director · since 31 octobre 2024 · 0795.571.036

Represented by Despiegelaere ARTHUR LUC T

Active

Staere

Director · since 31 octobre 2024 · 1005.912.962

Represented by Despiegelaere Axelle

Active

Ended mandates

Staere

Director · since 31 octobre 2024 · 1005.912.962

Represented by Despiegelaere AXELLE

Ended

Siska Dedeyne

Director · since 07 mai 2021 · until 17 avril 2026

Ended

Siska Dedeyne

Managing director · since 07 mai 2021 · until 17 avril 2026

Ended

DSProjects

Director · since 03 décembre 2020 · until 31 octobre 2024 · 0702.760.743

Represented by Despiegelaere Arthur Luc T

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/11/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Registered office11/02/2022
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Mandates11/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/01/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Other26/01/2018
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates31/05/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares27/05/2016
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 20254,0 M €↑
2024
Annual accounts 20241,2 M €↓
2023
Annual accounts 20231,8 M €↑
2022
Annual accounts 20221,2 M €↓
2021
Annual accounts 20216,2 M €↑
2020
Annual accounts 2020611,6 k €↓
2019
Annual accounts 2019817,6 k €↓
2018
Annual accounts 20181,2 M €↑
2017
Annual accounts 2017658,5 k €↑
2016
Annual accounts 2016343,4 k €↑
2015
Annual accounts 2015309,1 k €↓
2014
Annual accounts 2014422,6 k €↓
2013
Annual accounts 2013581,8 k €↓
2012
Annual accounts 20121,1 M €↑
2011
Annual accounts 2011927,3 k €↑
2010
Annual accounts 2010194,6 k €↓
2009
Annual accounts 2009571,7 k €↓
2008
Annual accounts 2008723,6 k €↑
2007
Annual accounts 2007281,3 k €↓
2007
Annual accounts 20071,2 M €
18/05/2004
IncorporationPublic 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

Despiegelaere Projects

Overview

What does Despiegelaere Projects do?

Trend over 20 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