ACTIVE

RETAIL SERVICES MANAGEMENT

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Financial year 2026 · Closed on 31/01/2026

Net result210,6 k €+76,5 %over 1 year

Revenue1,1 M €+8,6 %over 1 year

Equity4,1 M €+5,5 %over 1 year

Workforce4,0 ETP+5,3 %over 1 year

Identity

Source · BCE/KBO

RETAIL SERVICES MANAGEMENT is a Public limited company incorporated in 2004. Its main activity is: Retail sale in non-specialised stores with food, beverages or tobacco predominating. Its registered office is in Tournai. It employs on average 4,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0865.369.167
Incorporation: 18/05/2004
Legal form: Public limited company
Registered office: Rue du Troisième Age(K) 2
7540 Tournai · WallonieSee on map
Contributed capital: 121 843,04 €
Latest accounts: 31/01/2026
Average workforce: 4,0 ETP

Activities (NACE)

47110Retail sale in non-specialised stores with food, beverages or tobacco predominating· main 47113Retail sale in non-specialised stores with food, beverages or tobacco predominating 52113Warehousing and storage 70200Management consultancy activities 70220Business and other management consultancy activities 74142Specialised design activities+3

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 19 filings

Trend over 17 financial years

	2026		2025		2024		2023		2022
Income statement
Revenue	1,1 M €	+8.6%	971,8 k €	+85.0%	525,3 k €	-21.6%	670,3 k €	-52.4%	1,4 M €
EBITDA	247,7 k €	+74.3%	142,1 k €	+168%	-209,3 k €	-404%	-41,5 k €	-105%	822,1 k €
Operating result	192,5 k €	+99.6%	96,5 k €	+140%	-241,3 k €	-221%	-75,1 k €	-109%	792,4 k €
Net result	210,6 k €	+76.5%	119,4 k €	+16.5%	102,5 k €	+286%	-55 k €	-107%	745,2 k €
Balance sheet
Equity	4,1 M €	+5.5%	3,8 M €	+3.2%	3,7 M €	+24.5%	3 M €	-1.8%	3 M €
Total assets	7 M €	+5.9%	6,6 M €	+8.0%	6,1 M €	+6.1%	5,8 M €	+6.7%	5,4 M €
Cash	29,7 k €	+175%	10,8 k €	-37.4%	17,2 k €	+27.8%	13,5 k €	-35.3%	20,8 k €
Debts	3 M €	+6.3%	2,8 M €	+16.4%	2,4 M €	-14.0%	2,8 M €	+17.8%	2,4 M €
Other
Workforce	4,0 ETP	+5.3%	3,8 ETP	+46.2%	2,6 ETP	0.0%	2,6 ETP	-10.3%	2,9 ETP

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 31/01/2026

3 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BELLINCO0420.520.635Represented by Elisabeth Theunissen	Directorsince 01/01/2026
Elisabeth Theunissen	Director29/05/2020 → 31/12/2025
De Claere0646.876.469Represented by Arnaud Vandenbogaerde	Managing directorsince 01/01/2020

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ARHOL0471.449.197Represented by Arnaud Vandenbogaerde	Managing director25/06/2015 → 2016 accounts
BOGAFI0429.609.634Represented by Ann Vandenbogaerde	Director25/06/2015 → 2016 accounts
Marc Vandenbogaerde	Director26/12/2013 → 2016 accounts

Other companies at this address

Rue du Troisième Age(K) 2 7540 Tournai

Company	CBE no.
RETAIL SERVICES KAIN● Active	0865.476.956

Full financial information

Source · NBB

	2026	2025	2024	2023	2022	2021
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/02/2025	01/02/2024	01/02/2023	01/02/2022	01/02/2021	01/02/2020
Closing of the financial year	31/01/2026	31/01/2025	31/01/2024	31/01/2023	31/01/2022	31/01/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/06/2026	20/06/2025	11/06/2024	23/06/2023	27/06/2022	26/06/2021
General meeting	08/06/2026	10/06/2025	10/06/2024	09/06/2023	27/06/2022	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/01/2026	08/06/2026	23/06/2026	French	PDF
Full model	31/01/2025	10/06/2025	20/06/2025	French	PDF
Full model	31/01/2024	10/06/2024	11/06/2024	French	PDF
Full model	31/01/2023	09/06/2023	23/06/2023	French	PDF
Full model	31/01/2022	27/06/2022	27/06/2022	French	PDF
Full model	31/01/2021	25/06/2021	26/06/2021	French	PDF
Full model	31/01/2020	25/06/2020	08/07/2020	French	PDF
Full model	31/01/2019	18/07/2019	23/07/2019	French	PDF
Full model	31/01/2018	18/07/2018	25/07/2018	French	PDF
Full model	31/01/2017	18/07/2017	20/07/2017	French	PDF
Full model	31/01/2016	28/07/2016	26/08/2016	French	PDF
Full model	31/01/2015	25/06/2015	16/07/2015	French	PDF
Full model	31/01/2014	18/07/2014	28/07/2014	French	PDF
Full model	31/01/2013	18/07/2013	25/07/2013	French	PDF
Full model	31/01/2012	18/07/2012	25/07/2012	French	PDF
Full model	30/06/2010	28/12/2010	20/01/2011	French	PDF
Abridged model	30/06/2009	09/04/2010	12/04/2010	French	PDF
Abridged model	30/06/2008	31/12/2008	30/01/2009	French	PDF
Abridged model	31/12/2006	26/06/2007	17/08/2007	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 31/01/2026

3 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BELLINCO0420.520.635Represented by Elisabeth Theunissen	Directorsince 01/01/2026
Elisabeth Theunissen	Director29/05/2020 → 31/12/2025
De Claere0646.876.469Represented by Arnaud Vandenbogaerde	Managing directorsince 01/01/2020

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ARHOL0471.449.197Represented by Arnaud Vandenbogaerde	Managing director25/06/2015 → 2016 accounts
BOGAFI0429.609.634Represented by Ann Vandenbogaerde	Director25/06/2015 → 2016 accounts
Marc Vandenbogaerde	Director26/12/2013 → 2016 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates29/05/2026
DEMISSIONS, NOMINATIONS
PDF
Capital / shares30/12/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates29/07/2025
DEMISSIONS, NOMINATIONS
PDF
Other03/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - OBJET - ASSEMBLEE GENERALE
PDF
Mandates27/07/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates09/07/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates28/01/2014
DEMISSIONS, NOMINATIONS
PDF
Capital / shares25/07/2011
CAPITAL, ACTIONS - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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

Filings17 filings

Mandates

BELLINCO

De Claere

Elisabeth Theunissen

BOGAFI

ARHOL

Marc Vandenbogaerde

Arnaud Vandenbogaerde

GEERT GRYSON

20042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

RETAIL SERVICES MANAGEMENT

Rue du Troisième Age(K) 2, 7540 Kain (Tournai)

Managing director

Director

Managing director

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue du Troisième Age(K) 2, 7540 Kain (Tournai)Current	accounts 2022 → 2026	Accounts 2026 · 2026-00194774

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
RETAIL SERVICES MANAGEMENTCurrent	accounts 2006 → 2026	Accounts 2026 · 2026-00194774

Events

2026
Annual accounts 2026210,6 k €↑
2025
Annual accounts 2025119,4 k €↑
2024
Annual accounts 2024102,5 k €↑
2023
Annual accounts 2023-55 k €↓
2022
Annual accounts 2022745,2 k €↑
2019
Annual accounts 20198,2 k €↑
2018
Annual accounts 2018-215,8 k €↑
2017
Annual accounts 2017-529,1 k €↓
2016
Annual accounts 201618 k €↑
2015
Annual accounts 2015-1,3 M €↓
2014
Annual accounts 2014-103,4 k €↓
2013
Annual accounts 2013-9,7 k €↓
2012
Annual accounts 201283,7 k €↑
2010
Annual accounts 20103,6 k €↑
2009
Annual accounts 2009-121,8 k €↓
2008
Annual accounts 2008-6,7 k €↓
2006
Annual accounts 20066,1 k €
18/05/2004
IncorporationPublic limited company

RETAIL SERVICES MANAGEMENT

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