ACTIVE

Not a bad case

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Financial year 2025 · closed on 31/12/2025

Net result

2,8 k €

+117.4% YoY

Gross margin

24 k €

-25.0% YoY

Equity

-49,5 k €

+5.4% YoY

What does Not a bad case do?

Not a bad case is a Private limited company incorporated in 2007. Its registered office is in Rumst.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0889.310.054

Incorporation

09/05/2007

Legal form

Private limited company

Registered office

Predikherenhoevestraat 11 box B
2840 Rumst · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

46349Wholesale of beverages· main 47252Retail sale of beverages in specialised stores 47252Retail sale of beverages in specialised stores 52250Support activities for transportation 64200Activities of holding companies 64210Activities of holding companies

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	24 k €	-25.0%	32 k €	+15.8%	27,7 k €	+969%	2,6 k €	+127%	-9,4 k €	-162%	15,2 k €	-38.4%	24,7 k €	-17.6%	30 k €	-27.9%	41,6 k €	-10.1%	46,3 k €	+109%	22,1 k €	+129%	9,7 k €	+128%	-34,4 k €	-6.0%	-32,4 k €	-160%	54,5 k €	+12.4%	48,4 k €	+208%	15,7 k €	-70.6%	53,5 k €
EBITDA	22,7 k €	-19.5%	28,2 k €	+133%	12,1 k €	+1889%	-675,2 €	+94.1%	-11,4 k €	-187%	13,1 k €	-10.9%	14,7 k €	-16.1%	17,5 k €	-7.2%	18,9 k €	+17.9%	16 k €	-25.0%	21,3 k €	+397%	4,3 k €	+111%	-38,6 k €	-4.9%	-36,8 k €	-172%	50,7 k €	+15.5%	43,9 k €	+268%	11,9 k €	-62.8%	32,1 k €
Operating result	5,5 k €	+43.8%	3,9 k €	+272%	-2,2 k €	+76.4%	-9,5 k €	+30.2%	-13,6 k €	-228%	10,6 k €	-12.7%	12,1 k €	-19.2%	15 k €	+16.4%	12,9 k €	+122%	5,8 k €	-49.0%	11,4 k €	+900%	1,1 k €	+102%	-54,2 k €	+8.4%	-59,2 k €	-373%	21,7 k €	+31.9%	16,4 k €	+237%	-12 k €	-197%	12,4 k €
Net result	2,8 k €	+117%	1,3 k €	+109%	-14,2 k €	-0.5%	-14,1 k €	-1.4%	-13,9 k €	-428%	4,2 k €	-40.8%	7,2 k €	-23.3%	9,3 k €	+280%	2,5 k €	+222%	-2 k €	-226%	1,6 k €	+125%	-6,4 k €	-108%	77,4 k €	+189%	-87 k €	-2190%	4,2 k €	+851%	-554,1 €	+98.0%	-28,4 k €	-19.5%	-23,7 k €
Balance sheet
Equity	-49,5 k €	+5.4%	-52,4 k €	+2.4%	-53,7 k €	-35.9%	-39,5 k €	-55.5%	-25,4 k €	-121%	-11,5 k €	+26.9%	-15,7 k €	+31.3%	-22,9 k €	+29.0%	-32,2 k €	+6.9%	-34,6 k €	-6.2%	-32,6 k €	+4.7%	-34,2 k €	-22.8%	-27,8 k €	+45.0%	-50,6 k €	-239%	36,3 k €	+40.0%	26 k €	-2.1%	26,5 k €	+616%	-5,1 k €
Total assets	81,5 k €	-16.2%	97,2 k €	-5.1%	102,4 k €	+43.1%	71,6 k €	+15.8%	61,8 k €	+16.4%	53,1 k €	+4.7%	50,8 k €	-59.4%	125 k €	-12.9%	143,4 k €	-30.1%	205,3 k €	-7.1%	221 k €	+8.5%	203,8 k €	-52.3%	426,8 k €	+4.5%	408,5 k €	-19.1%	504,8 k €	+4.9%	481,1 k €	-6.1%	512 k €	+18.7%	431,3 k €
Cash	17,4 k €	+20.9%	14,4 k €	+126%	6,4 k €	-51.7%	13,2 k €	+36.3%	9,7 k €	-32.5%	14,3 k €	+29.5%	11,1 k €	+55.0%	7,1 k €	-67.7%	22,1 k €	-8.4%	24,1 k €	+13.4%	21,3 k €	+39.0%	15,3 k €	-53.1%	32,6 k €	+126%	14,4 k €	-49.7%	28,6 k €	+73.8%	16,5 k €	-15.9%	19,6 k €	-41.1%	33,3 k €
Debts	129,8 k €	-12.8%	148,9 k €	-4.6%	156 k €	+41.1%	110,6 k €	+27.4%	86,8 k €	+34.4%	64,6 k €	-2.8%	66,5 k €	-54.8%	147 k €	-16.3%	175,6 k €	-26.8%	239,9 k €	-5.4%	253,6 k €	+6.6%	238 k €	-47.7%	454,7 k €	-1.0%	459,1 k €	-2.0%	468,5 k €	+2.9%	455,1 k €	-6.3%	485,5 k €	+11.3%	436,4 k €
Other
Workforce	–		0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

An Devaux

Director · since 01 mars 2015

Active

Bert Van Praet

Director · since 04 mai 2007

Active

Ended mandates

AN DEVAUX

Manager · since 01 mars 2015

Ended

AN MARIA DEVAUX

Manager · since 01 mars 2015

Ended

JOKE COOLS

Manager · since 01 octobre 2008

Ended

BERT VAN PRAET

Manager · since 04 mai 2007

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro 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	27/08/2026	16/07/2025	30/08/2024	16/08/2023	17/08/2022	23/08/2021
General meeting	31/07/2026	30/06/2025	15/05/2024	17/05/2023	30/06/2022	30/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	31/07/2026	27/08/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	16/07/2025	Dutch	PDF
Abridged model	31/12/2023	15/05/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	17/05/2023	16/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	17/08/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	23/08/2021	Dutch	PDF
Abridged model	31/12/2019	31/08/2020	16/09/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	30/08/2019	Dutch	PDF
Micro model	31/12/2017	16/05/2018	04/07/2018	Dutch	PDF
Micro model	31/12/2016	17/05/2017	25/07/2017	Dutch	PDF
Abridged model	31/12/2015	18/05/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	20/05/2015	18/08/2015	Dutch	PDF
Abridged model	31/12/2013	21/05/2014	23/07/2014	Dutch	PDF
Abridged model	31/12/2012	15/05/2013	17/07/2013	Dutch	PDF
Abridged model	31/12/2011	16/05/2012	17/08/2012	Dutch	PDF
Abridged model	31/12/2010	18/05/2011	04/07/2011	Dutch	PDF
Abridged model	31/12/2009	19/05/2010	29/07/2010	Dutch	PDF
Abridged model	31/12/2008	20/05/2009	13/07/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

An Devaux

Director · since 01 mars 2015

Active

Bert Van Praet

Director · since 04 mai 2007

Active

Ended mandates

AN DEVAUX

Manager · since 01 mars 2015

Ended

AN MARIA DEVAUX

Manager · since 01 mars 2015

Ended

JOKE COOLS

Manager · since 01 octobre 2008

Ended

BERT VAN PRAET

Manager · since 04 mai 2007

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring19/02/2024
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring29/06/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates15/10/2018
BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/07/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates17/03/2015
ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/01/2014
MAATSCHAPPELIJKE ZETEL
PDF
Mandates08/08/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/11/2008
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
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 20252,8 k €↑
2024
Annual accounts 20241,3 k €↑
2023
Annual accounts 2023-14,2 k €↓
2022
Annual accounts 2022-14,1 k €↓
2021
Annual accounts 2021-13,9 k €↓
2020
Annual accounts 20204,2 k €↓
2019
Annual accounts 20197,2 k €↓
2018
Annual accounts 20189,3 k €↑
2018
Name changeNot a bad case
2017
Annual accounts 20172,5 k €↑
2016
Annual accounts 2016-2 k €↓
2015
Annual accounts 20151,6 k €↑
2014
Annual accounts 2014-6,4 k €↓
2013
Annual accounts 201377,4 k €↑
2012
Annual accounts 2012-87 k €↓
2011
Annual accounts 20114,2 k €↑
2010
Annual accounts 2010-554,1 €↑
2009
Annual accounts 2009-28,4 k €↓
2008
Annual accounts 2008-23,7 k €
2008
Name changeHISTORIC WINES
09/05/2007
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

Not a bad case

Overview

What does Not a bad case do?

Trend over 18 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