ACTIVE

MAN WEST-VLAANDEREN

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Financial year 2025 · Closed on 31/12/2025

Net result456,2 k €-41,4 %over 1 year

Revenue39,9 M €+0,9 %over 1 year

Equity3,6 M €+5,9 %over 1 year

Workforce21,4 ETP-0,5 %over 1 year

Identity

Source · BCE/KBO

MAN WEST-VLAANDEREN is a Public limited company incorporated in 2005. Its main activity is: Sale of cars and light motor vehicles. Its registered office is in Torhout. It employs on average 21,4 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0871.058.416
Incorporation: 07/01/2005
Legal form: Public limited company
Registered office: Noordlaan 1
8820 Torhout · FlandreSee on map
Contributed capital: 1 250 000,00 €
Latest accounts: 31/12/2025
Average workforce: 21,4 ETP

Activities (NACE)

45113Sale of cars and light motor vehicles· main 46712Wholesale of solid, liquid and gaseous fuels and related products 47811Retail sale via stalls and markets of food, beverages and tobacco products 50103Sea and coastal passenger water transport 45201Maintenance and repair of motor vehicles 50200Sea and coastal freight water transport+1

Joint committees (3)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	39,9 M €	+0.9%	39,5 M €	-10.4%	44,1 M €	+64.7%	26,8 M €	-4.3%	28 M €
EBITDA	898,2 k €	-31.2%	1,3 M €	-37.7%	2,1 M €	+612%	294,3 k €	+32.7%	221,8 k €
Operating result	691,5 k €	-39.7%	1,1 M €	-40.8%	1,9 M €	+752%	227,3 k €	+246%	65,7 k €
Net result	456,2 k €	-41.4%	778,7 k €	-47.8%	1,5 M €	+736%	178,3 k €	+1275%	-15,2 k €
Balance sheet
Equity	3,6 M €	+5.9%	3,4 M €	+24.5%	2,7 M €	+82.6%	1,5 M €	+5.5%	1,4 M €
Total assets	21,7 M €	-6.8%	23,3 M €	+10.0%	21,2 M €	-16.9%	25,5 M €	+157%	9,9 M €
Cash	333,7 k €	+21.3%	275,1 k €	+43.0%	192,4 k €	-96.9%	6,1 M €	+3840%	155,4 k €
Debts	13,9 M €	-12.3%	15,8 M €	+18.3%	13,4 M €	-20.4%	16,8 M €	+158%	6,5 M €
Other
Workforce	21,4 ETP	-0.5%	21,5 ETP	-2.3%	22,0 ETP	-5.2%	23,2 ETP	+0.4%	23,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 33 ended

Active mandates

Braem Invest

Managing director · since 30 juin 2023 · until 22 juin 2029 · 0462.955.066

Represented by JOHAN BRAEM

Active

Immovac

Managing director · since 30 juin 2023 · until 22 juin 2029 · 0437.969.846

Represented by CLAIRE HOSTE

Active

Ended mandates

Braem Invest

Managing director · since 01 avril 2018 · until 30 juin 2023 · 0462.955.066

Represented by JOHAN BRAEM

Ended

Immovac

Director · since 01 avril 2018 · until 15 avril 2023 · 0437.969.846

Represented by CLAIRE HOSTE

Ended

Immovac

Managing director · since 01 avril 2018 · until 15 avril 2023 · 0437.969.846

Represented by CLAIRE HOSTE

Ended

Immovac

Managing director · since 01 avril 2018 · until 30 juin 2023 · 0437.969.846

Represented by CLAIRE HOSTE

Ended

Other companies at this address

Noordlaan 1 8820 Torhout

Company	CBE no.
IMMO WEST-VLAANDEREN● Active	0871.057.129

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	06/07/2026	04/07/2025	15/07/2024	06/07/2023	06/07/2022	15/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	06/07/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	04/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	15/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	06/07/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	06/07/2022	Dutch	PDF
Full model	31/12/2020	25/06/2021	15/07/2021	Dutch	PDF
Full model	31/12/2019	30/05/2020	19/06/2020	Dutch	PDF
Full model	31/12/2018	25/05/2019	04/06/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	03/07/2018	Dutch	PDF
Full model	31/12/2016	29/06/2017	07/07/2017	Dutch	PDF
Full model	31/12/2015	28/05/2016	10/06/2016	Dutch	PDF
Full model	31/12/2014	08/06/2015	22/06/2015	Dutch	PDF
Full model	31/12/2013	19/04/2014	13/05/2014	Dutch	PDF
Full model	31/12/2012	20/04/2013	17/05/2013	Dutch	PDF
Full model	31/12/2011	21/04/2012	11/05/2012	Dutch	PDF
Full model	31/12/2010	16/04/2011	12/05/2011	Dutch	PDF
Full model	31/12/2009	17/04/2010	12/05/2010	Dutch	PDF
Full model	31/12/2008	18/04/2009	15/05/2009	Dutch	PDF
Full model	31/12/2007	19/04/2008	15/05/2008	Dutch	PDF
Abridged model	31/12/2006	21/04/2007	21/05/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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

2 active · 33 ended

Active mandates

Braem Invest

Managing director · since 30 juin 2023 · until 22 juin 2029 · 0462.955.066

Represented by JOHAN BRAEM

Active

Immovac

Managing director · since 30 juin 2023 · until 22 juin 2029 · 0437.969.846

Represented by CLAIRE HOSTE

Active

Ended mandates

Braem Invest

Managing director · since 01 avril 2018 · until 30 juin 2023 · 0462.955.066

Represented by JOHAN BRAEM

Ended

Immovac

Director · since 01 avril 2018 · until 15 avril 2023 · 0437.969.846

Represented by CLAIRE HOSTE

Ended

Immovac

Managing director · since 01 avril 2018 · until 15 avril 2023 · 0437.969.846

Represented by CLAIRE HOSTE

Ended

Immovac

Managing director · since 01 avril 2018 · until 30 juin 2023 · 0437.969.846

Represented by CLAIRE HOSTE

Ended

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates15/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other31/07/2023
ALGEMENE VERGADERING
PDF
Mandates02/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/11/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/08/2013
ONTSLAGEN - BENOEMINGEN
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 2025456,2 k €↓
2024
Annual accounts 2024778,7 k €↓
2023
Annual accounts 20231,5 M €↑
2022
Annual accounts 2022178,3 k €↑
2021
Annual accounts 2021-15,2 k €↓
2020
Annual accounts 2020267,9 k €↑
2019
Annual accounts 201954,3 k €↓
2018
Annual accounts 2018142,3 k €↑
2017
Annual accounts 2017-276 k €↓
2016
Annual accounts 2016264,2 k €↑
2015
Annual accounts 201551,6 k €↓
2014
Annual accounts 2014507 k €↓
2013
Annual accounts 2013518,2 k €↑
2012
Annual accounts 2012-89,5 k €↓
2011
Annual accounts 2011286,1 k €↑
2010
Annual accounts 2010-269,5 k €↓
2009
Annual accounts 2009-104,3 k €↓
2008
Annual accounts 2008185,2 k €↑
2007
Annual accounts 200754,9 k €↑
2006
Annual accounts 20068 k €
07/01/2005
IncorporationPublic limited company

MAN WEST-VLAANDEREN

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