ACTIVE

RIPAL

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Financial year 2025 · closed on 31/12/2025

Net result

693,6 k €

-19.0% YoY

Gross margin

1,2 M €

-18.6% YoY

Equity

4,4 M €

+18.7% YoY

Workforce

3,7 ETP

+15.6% YoY

What does RIPAL do?

RIPAL is a Private limited company incorporated in 2006. Its main activity is: Wholesale of wood, construction materials and sanitary equipment. Its registered office is in Menen. It employs on average 3,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0884.644.750

Incorporation

30/10/2006

Legal form

Private limited company

Registered office

Grote Weg 138a
8930 Menen · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Average workforce

3,7 ETP

Activities (NACE)

46732Wholesale of wood, construction materials and sanitary equipment· main 46832Wholesale trade, except of motor vehicles and motorcycles 51531Air transport 52740Warehousing and support activities for transportation 95290Repair of other personal and household goods 95290Repair of other personal and household goods

Joint committees (1)

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	1,2 M €	-18.6%	1,5 M €	+15.4%	1,3 M €	-40.5%	2,1 M €	+67.0%	1,3 M €	+146%	523,5 k €	+35.5%	386,4 k €	+46.3%	264,2 k €	+18.0%	223,9 k €	-20.3%	280,9 k €	+35.8%	206,8 k €	-20.4%	259,7 k €	+64.6%	157,7 k €	+9.2%	144,5 k €	-31.0%	209,3 k €	-9.7%	231,7 k €	+32.1%	175,5 k €	+8.7%	161,4 k €	-11.6%	182,6 k €
EBITDA	973 k €	-21.7%	1,2 M €	+12.5%	1,1 M €	-44.8%	2 M €	+75.1%	1,1 M €	+204%	375,4 k €	+49.8%	250,6 k €	+134%	107,3 k €	+37.5%	78 k €	-45.4%	142,9 k €	+14.1%	125,3 k €	-38.6%	204 k €	+68.5%	121,1 k €	+7.2%	112,9 k €	-40.4%	189,4 k €	-15.2%	223,2 k €	+28.9%	173,2 k €	+9.0%	158,8 k €	-11.8%	180 k €
Operating result	894,4 k €	-23.9%	1,2 M €	+10.3%	1,1 M €	-45.6%	2 M €	+78.9%	1,1 M €	+227%	334,3 k €	+82.3%	183,4 k €	+308%	44,9 k €	+184%	15,8 k €	-74.7%	62,5 k €	+62.2%	38,5 k €	-49.9%	77 k €	+37.0%	56,2 k €	+39.1%	40,4 k €	-57.8%	95,7 k €	-4.6%	100,2 k €	-0.4%	100,6 k €	+7.3%	93,8 k €	-14.2%	109,2 k €
Net result	693,6 k €	-19.0%	856 k €	+5.7%	809,6 k €	-44.2%	1,4 M €	+74.6%	830,2 k €	+252%	235,9 k €	+76.9%	133,4 k €	+240%	39,3 k €	+1662%	2,2 k €	-94.6%	41,3 k €	+393%	8,4 k €	-83.6%	51 k €	+38.9%	36,7 k €	-50.5%	74,1 k €	+21.9%	60,8 k €	-7.8%	66 k €	-2.9%	67,9 k €	+11.5%	60,9 k €	-15.9%	72,5 k €
Balance sheet
Equity	4,4 M €	+18.7%	3,7 M €	+30.0%	2,9 M €	-7.8%	3,1 M €	+88.3%	1,6 M €	+102%	811,2 k €	+41.0%	575,3 k €	+30.2%	441,9 k €	+9.3%	404,2 k €	+0.6%	402 k €	+11.4%	360,7 k €	+2.4%	352,3 k €	+16.9%	301,4 k €	+13.9%	264,7 k €	+38.9%	190,5 k €	-31.9%	279,7 k €	+30.9%	213,7 k €	+46.6%	145,8 k €	+71.8%	84,9 k €
Total assets	4,7 M €	+13.4%	4,1 M €	+17.9%	3,5 M €	-8.0%	3,8 M €	+64.5%	2,3 M €	+69.1%	1,4 M €	+31.9%	1 M €	+19.5%	870,2 k €	+5.7%	823,4 k €	-7.1%	885,9 k €	+13.1%	783,4 k €	-15.7%	929,4 k €	+73.7%	535 k €	-10.1%	595,3 k €	+2.0%	583,8 k €	-4.5%	611,4 k €	+44.4%	423,3 k €	+6.3%	398,3 k €	+23.9%	321,4 k €
Cash	372,3 k €	-44.2%	667,3 k €	-34.4%	1 M €	-27.9%	1,4 M €	+25.3%	1,1 M €	+97.5%	570,4 k €	+62.3%	351,5 k €	+26.9%	277 k €	+268%	75,3 k €	-16.2%	89,8 k €	-49.6%	178,3 k €	-37.4%	285 k €	+226%	87,5 k €	+15.0%	76 k €	-26.7%	103,7 k €	+67.8%	61,8 k €	+471%	10,8 k €	-7.7%	11,7 k €	-86.2%	84,9 k €
Debts	299,1 k €	-31.4%	436,2 k €	-34.1%	661,7 k €	-8.7%	724,5 k €	+6.8%	678,3 k €	+21.0%	560,8 k €	+20.7%	464,8 k €	+9.2%	425,6 k €	+2.5%	415,3 k €	-13.2%	478,7 k €	+13.6%	421,4 k €	-26.9%	576,1 k €	+147%	233,6 k €	-29.3%	330,7 k €	-15.7%	392,3 k €	+18.3%	331,7 k €	+58.3%	209,5 k €	-17.0%	252,5 k €	+6.8%	236,5 k €
Other
Workforce	3,7 ETP	+15.6%	3,2 ETP	+23.1%	2,6 ETP	0.0%	2,6 ETP	+4.0%	2,5 ETP	0.0%	2,5 ETP	0.0%	2,5 ETP	-13.8%	2,9 ETP	-3.3%	3,0 ETP	+3.4%	2,9 ETP	+26.1%	2,3 ETP	+27.8%	1,8 ETP	+50.0%	1,2 ETP	+20.0%	1,0 ETP	+233%	0,3 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

MV FIN

Director · 1011.326.750

Represented by Miguel Vanneste

Active

Ended mandates

MIGUEL VANNESTE

Director · since 01 octobre 2022

Ended

Rik Vanneste

Director · since 01 janvier 2007

Ended

Rik Vanneste

Manager · since 01 janvier 2007

Ended

RIK VANNESTE

Director · since 30 octobre 2006

Ended

At this address

Other companies at this address

Company	CBE no.
REWOOD● Active	0700.919.921

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	01/01/2024	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	27/07/2026	08/07/2025	04/07/2024	01/09/2023	19/08/2022	29/10/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	01/08/2023	06/06/2022	22/10/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	27/07/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	08/07/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	04/07/2024	Dutch	PDF
Abridged model	31/12/2022	01/08/2023	01/09/2023	Dutch	PDF
Abridged model	31/12/2021	06/06/2022	19/08/2022	Dutch	PDF
Abridged model	31/12/2020	22/10/2021	29/10/2021	Dutch	PDF
Abridged model	31/12/2019	04/09/2020	30/09/2020	Dutch	PDF
Abridged model	31/12/2018	24/06/2019	30/09/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	02/10/2018	Dutch	PDF
Abridged model	31/12/2016	17/10/2017	08/11/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	22/09/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	20/09/2013	27/09/2013	Dutch	PDF
Abridged model	31/12/2011	22/09/2012	25/09/2012	Dutch	PDF
Abridged model	31/12/2010	28/09/2011	21/10/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	24/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	25/07/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 1 active · 6 ended

Active mandates

MV FIN

Director · 1011.326.750

Represented by Miguel Vanneste

Active

Ended mandates

MIGUEL VANNESTE

Director · since 01 octobre 2022

Ended

Rik Vanneste

Director · since 01 janvier 2007

Ended

Rik Vanneste

Manager · since 01 janvier 2007

Ended

RIK VANNESTE

Director · since 30 octobre 2006

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office07/07/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates07/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/12/2022
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other15/12/2008
DIVERSEN
PDF
Other09/11/2006
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 2025693,6 k €↓
2024
Annual accounts 2024856 k €↑
2023
Annual accounts 2023809,6 k €↓
2022
Annual accounts 20221,4 M €↑
2021
Annual accounts 2021830,2 k €↑
2020
Annual accounts 2020235,9 k €↑
2019
Annual accounts 2019133,4 k €↑
2018
Annual accounts 201839,3 k €↑
2017
Annual accounts 20172,2 k €↓
2016
Annual accounts 201641,3 k €↑
2015
Annual accounts 20158,4 k €↓
2014
Annual accounts 201451 k €↑
2013
Annual accounts 201336,7 k €↓
2012
Annual accounts 201274,1 k €↑
2011
Annual accounts 201160,8 k €↓
2010
Annual accounts 201066 k €↓
2009
Annual accounts 200967,9 k €↑
2008
Annual accounts 200860,9 k €↓
2007
Annual accounts 200772,5 k €
30/10/2006
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

RIPAL

Overview

What does RIPAL do?

Trend over 19 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