ACTIVE

GELDHOF-DEWULF

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Financial year 2025 · closed on 30/09/2025

Net result

271 k €

-1.3% YoY

Gross margin

1,4 M €

+1.1% YoY

Equity

1,6 M €

+20.1% YoY

Workforce

13,7 ETP

-1.4% YoY

What does GELDHOF-DEWULF do?

GELDHOF-DEWULF is a Private limited company incorporated in 2005. Its main activity is: Manufacture of bread; manufacture of fresh pastry goods and cakes. Its registered office is in Izegem. It employs on average 13,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0873.184.496

Incorporation

14/04/2005

Legal form

Private limited company

Registered office

Manegemstraat 6
8870 Izegem · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

30/09/2025

Average workforce

13,7 ETP

Activities (NACE)

10712Manufacture of bread; manufacture of fresh pastry goods and cakes· main 10712Manufacture of bread; manufacture of fresh pastry goods and cakes 10820Manufacture of cocoa, chocolate and sugar confectionery 10820Manufacture of cocoa, chocolate and sugar confectionery 15812Manufacture of leather and related products 15840Manufacture of leather and related products+3

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,4 M €	+1.1%	1,4 M €	+8.7%	1,3 M €	+7.2%	1,2 M €	+5.3%	1,1 M €	+151%	440,6 k €	-1.7%	448,4 k €	+12.3%	399,2 k €	-8.5%	436,3 k €	+8.3%	403 k €	+16.1%	347 k €	-3.7%	360,2 k €	+18.0%	305,3 k €	+16.2%	262,8 k €	+13.6%	231,4 k €	+13.3%	204,3 k €	+15.9%	176,3 k €	+5.0%	167,9 k €	+4.2%	161,1 k €
EBITDA	659,3 k €	+3.4%	637,5 k €	+4.4%	610,6 k €	+19.4%	511,3 k €	-13.5%	591,2 k €	+460%	105,6 k €	-10.4%	117,8 k €	+39.6%	84,4 k €	-31.1%	122,6 k €	-14.3%	143,1 k €	+129%	62,4 k €	-43.7%	110,8 k €	+29.1%	85,8 k €	+2.8%	83,5 k €	+48.5%	56,3 k €	+4.6%	53,8 k €	+90.3%	28,3 k €	-39.3%	46,5 k €	+1.8%	45,7 k €
Operating result	463,5 k €	-2.0%	473 k €	+0.6%	469,9 k €	+23.9%	379,4 k €	-18.8%	467,1 k €	+2164%	20,6 k €	+911%	-2,5 k €	-112%	22,1 k €	-61.5%	57,4 k €	-28.7%	80,5 k €	+2018%	-4,2 k €	-518%	1 k €	-46.4%	1,9 k €	-95.4%	40,4 k €	+90.9%	21,2 k €	+12.0%	18,9 k €	+992%	-2,1 k €	-115%	13,7 k €	+32.7%	10,3 k €
Net result	271 k €	-1.3%	274,6 k €	-12.3%	313,2 k €	+28.7%	243,5 k €	-35.3%	376,3 k €	+2995%	-13 k €	+17.7%	-15,8 k €	-306%	7,7 k €	-76.1%	32,1 k €	-35.8%	50,1 k €	+1644%	-3,2 k €	-378%	-679,2 €	-997%	75,7 €	-99.7%	26,3 k €	+123%	11,8 k €	+25.7%	9,4 k €	+251%	-6,2 k €	-157%	11 k €	+79.7%	6,1 k €
Balance sheet
Equity	1,6 M €	+20.1%	1,3 M €	+25.6%	1,1 M €	+41.3%	759,2 k €	+47.2%	515,8 k €	+270%	139,5 k €	-8.5%	152,5 k €	-9.4%	168,3 k €	+4.8%	160,6 k €	+25.0%	128,5 k €	+63.9%	78,4 k €	-4.0%	81,6 k €	-0.8%	82,3 k €	+0.1%	82,2 k €	+47.1%	55,9 k €	+26.8%	44,1 k €	+27.1%	34,7 k €	-15.2%	40,9 k €	+36.8%	29,9 k €
Total assets	3,3 M €	-1.1%	3,3 M €	+7.9%	3,1 M €	+1.7%	3 M €	-3.5%	3,2 M €	+17.6%	2,7 M €	+70.7%	1,6 M €	+46.9%	1,1 M €	+27.1%	842,7 k €	-1.4%	854,9 k €	-6.4%	913 k €	+4.3%	875,4 k €	+106%	424,8 k €	+40.6%	302,1 k €	+64.9%	183,2 k €	+0.0%	183,1 k €	-6.9%	196,7 k €	+8.0%	182,1 k €	-21.6%	232,4 k €
Cash	302,3 k €	+7.5%	281,2 k €	+4.8%	268,3 k €	+91.6%	140 k €	-26.5%	190,4 k €	+130%	82,8 k €	+154%	32,6 k €	-25.2%	43,5 k €	-16.5%	52,1 k €	-3.1%	53,8 k €	-42.1%	93 k €	+38.8%	67 k €	+72.3%	38,9 k €	+19.3%	32,6 k €	+28.7%	25,3 k €	+101%	12,6 k €	-26.9%	17,2 k €	-37.8%	27,7 k €	-25.3%	37,1 k €
Debts	1,7 M €	-15.5%	2 M €	-3.4%	2 M €	-11.4%	2,3 M €	-13.4%	2,6 M €	+3.8%	2,5 M €	+79.2%	1,4 M €	+57.4%	902,4 k €	+32.3%	682,1 k €	-6.1%	726,5 k €	-13.0%	834,6 k €	+5.1%	793,8 k €	+132%	342,5 k €	+56.3%	219,2 k €	+72.1%	127,3 k €	-8.0%	138,3 k €	-14.3%	161,3 k €	+14.9%	140,4 k €	-30.6%	202,4 k €
Other
Workforce	13,7 ETP	-1.4%	13,9 ETP	+6.9%	13,0 ETP	+4.0%	12,5 ETP	-1.6%	12,7 ETP	+67.1%	7,6 ETP	-2.6%	7,8 ETP	+14.7%	6,8 ETP	+4.6%	6,5 ETP	+14.0%	5,7 ETP	-1.7%	5,8 ETP	-4.9%	6,1 ETP	+13.0%	5,4 ETP	+1.9%	5,3 ETP	-7.0%	5,7 ETP	+32.6%	4,3 ETP	+2.4%	4,2 ETP	+10.5%	3,8 ETP	+5.6%	3,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 4 active · 7 ended

Active mandates

Korneel Beauprez

Director · since 01 juillet 2017

Active

Vanessa Geldhof

Director · since 19 août 2014

Active

Virginie Geldhof

Director · since 04 novembre 2013

Active

Johan Achiel Geldhof

Director · since 14 avril 2005

Active

Ended mandates

Carine Dewulf

Mandate

Ended

Johan Geldhof

Director

Ended

Johan Geldhof

Manager

Ended

Vanessa Geldhof

Manager

Ended

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/04/2026	24/04/2025	19/03/2024	27/03/2023	28/03/2022	29/04/2021
General meeting	20/03/2026	04/04/2025	15/03/2024	17/03/2023	18/03/2022	02/04/2021
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
Abridged model	30/09/2025	20/03/2026	20/04/2026	Dutch	PDF
Abridged model	30/09/2024	04/04/2025	24/04/2025	Dutch	PDF
Abridged model	30/09/2023	15/03/2024	19/03/2024	Dutch	PDF
Abridged model	30/09/2022	17/03/2023	27/03/2023	Dutch	PDF
Abridged model	30/09/2021	18/03/2022	28/03/2022	Dutch	PDF
Abridged model	30/09/2020	02/04/2021	29/04/2021	Dutch	PDF
Abridged model	30/09/2019	20/03/2020	28/04/2020	Dutch	PDF
Abridged model	30/09/2018	15/03/2019	26/04/2019	Dutch	PDF
Abridged model	30/09/2017	16/03/2018	13/04/2018	Dutch	PDF
Abridged model	30/09/2016	17/03/2017	27/04/2017	Dutch	PDF
Abridged model	30/09/2015	18/03/2016	15/04/2016	Dutch	PDF
Abridged model	30/09/2014	20/03/2015	23/03/2015	Dutch	PDF
Abridged model	30/09/2013	21/03/2014	31/03/2014	Dutch	PDF
Abridged model	30/09/2012	15/03/2013	20/03/2013	Dutch	PDF
Abridged model	30/09/2011	16/03/2012	03/04/2012	Dutch	PDF
Abridged model	30/09/2010	08/04/2011	20/04/2011	Dutch	PDF
Abridged model	30/09/2009	19/03/2010	23/03/2010	Dutch	PDF
Abridged model	30/09/2008	20/03/2009	25/03/2009	Dutch	PDF
Abridged model	30/09/2007	21/03/2008	25/03/2008	Dutch	PDF
Abridged model	30/09/2006	16/03/2007	29/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 30/09/2025 · 4 active · 7 ended

Active mandates

Korneel Beauprez

Director · since 01 juillet 2017

Active

Vanessa Geldhof

Director · since 19 août 2014

Active

Virginie Geldhof

Director · since 04 novembre 2013

Active

Johan Achiel Geldhof

Director · since 14 avril 2005

Active

Ended mandates

Carine Dewulf

Mandate

Ended

Johan Geldhof

Director

Ended

Johan Geldhof

Manager

Ended

Vanessa Geldhof

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office10/12/2020
MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
PDF
Mandates19/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/10/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/12/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other25/01/2006
DIVERSEN
PDF
Other22/04/2005
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 2025271 k €↓
2024
Annual accounts 2024274,6 k €↓
2023
Annual accounts 2023313,2 k €↑
2022
Annual accounts 2022243,5 k €↓
2021
Annual accounts 2021376,3 k €↑
2020
Annual accounts 2020-13 k €↑
2019
Annual accounts 2019-15,8 k €↓
2018
Annual accounts 20187,7 k €↓
2017
Annual accounts 201732,1 k €↓
2016
Annual accounts 201650,1 k €↑
2015
Annual accounts 2015-3,2 k €↓
2014
Annual accounts 2014-679,2 €↓
2013
Annual accounts 201375,7 €↓
2012
Annual accounts 201226,3 k €↑
2011
Annual accounts 201111,8 k €↑
2010
Annual accounts 20109,4 k €↑
2009
Annual accounts 2009-6,2 k €↓
2008
Annual accounts 200811 k €↑
2007
Annual accounts 20076,1 k €
14/04/2005
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

GELDHOF-DEWULF

Overview

What does GELDHOF-DEWULF do?

Trend over 19 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