ACTIVE

REVOLVE

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Financial year 2025 · closed on 31/12/2025

Net result

1,5 M €

+5.0% YoY

Gross margin

297,9 k €

+20.5% YoY

Equity

2,5 M €

+74.1% YoY

What does REVOLVE do?

REVOLVE is a Public limited company incorporated in 2007. Its registered office is in Mechelen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0889.378.350

Incorporation

11/05/2007

Legal form

Public limited company

Registered office

Schaliënhoevedreef 20A
2800 Mechelen · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	297,9 k €	+20.5%	247,3 k €	+7427%	-3,4 k €	+30.0%	-4,8 k €	-260%	-1,3 k €	+56.8%	-3,1 k €	-106%	51,7 k €	-58.7%	125 k €	+20.6%	103,7 k €	-19.5%	128,8 k €	+1.5%	126,9 k €	-3.0%	130,9 k €	-4.5%	137 k €	+1.3%	135,2 k €	-0.6%	136 k €	-2.5%	139,5 k €	+97.5%	70,6 k €	-0.3%	70,8 k €	-3.6%	73,4 k €
EBITDA	296,8 k €	+21.0%	245,2 k €	+7139%	-3,5 k €	+39.8%	-5,8 k €	-163%	-2,2 k €	+45.7%	-4,1 k €	-108%	51,5 k €	-58.4%	123,9 k €	+20.9%	102,5 k €	-19.7%	127,7 k €	+1.7%	125,6 k €	-3.3%	130 k €	-4.3%	135,8 k €	+1.0%	134,5 k €	+3.3%	130,2 k €	-5.9%	138,4 k €	+99.4%	69,4 k €	-1.1%	70,2 k €	-3.2%	72,5 k €
Operating result	296,8 k €	+21.0%	245,2 k €	+7139%	-3,5 k €	+39.8%	-5,8 k €	-163%	-2,2 k €	+45.7%	-4,1 k €	-108%	51,5 k €	-58.4%	123,9 k €	+20.9%	102,5 k €	-19.7%	127,7 k €	+1.7%	125,6 k €	-3.3%	130 k €	-4.3%	135,8 k €	+1.0%	134,5 k €	+14.5%	117,4 k €	-15.2%	138,4 k €	+99.4%	69,4 k €	-1.1%	70,2 k €	-3.2%	72,5 k €
Net result	1,5 M €	+5.0%	1,4 M €	-20.8%	1,8 M €	+101%	899 k €	-0.1%	900,2 k €	+0.3%	897,6 k €	+34.7%	666,4 k €	+664%	87,3 k €	-73.8%	333,7 k €	-36.6%	526,6 k €	+21.2%	434,5 k €	+26.0%	344,9 k €	+344%	77,6 k €	+35.7%	57,2 k €	-85.2%	385,9 k €	+537%	60,6 k €	+1954%	-3,3 k €	-102%	213,2 k €	+16.5%	183 k €
Balance sheet
Equity	2,5 M €	+74.1%	1,4 M €	+14.2%	1,3 M €	+0.3%	1,3 M €	-7.5%	1,4 M €	-6.9%	1,5 M €	-6.6%	1,6 M €	+2.4%	1,5 M €	+6.1%	1,4 M €	-10.4%	1,6 M €	+8.6%	1,5 M €	+10.1%	1,3 M €	+34.7%	992,9 k €	+8.5%	915,3 k €	+6.7%	858 k €	+81.8%	472,1 k €	+14.7%	411,5 k €	-0.8%	414,8 k €	+106%	201,6 k €
Total assets	3,2 M €	+18.2%	2,7 M €	-10.4%	3,1 M €	+24.1%	2,5 M €	+4.9%	2,4 M €	-4.1%	2,5 M €	+12.2%	2,2 M €	+43.4%	1,5 M €	-21.3%	1,9 M €	-3.8%	2 M €	+7.4%	1,9 M €	+1.4%	1,8 M €	+19.7%	1,5 M €	+3.0%	1,5 M €	-9.5%	1,7 M €	+15.0%	1,4 M €	+4.3%	1,4 M €	-21.9%	1,8 M €	+4.5%	1,7 M €
Cash	–		–		–		–		–		–		–		165,8 k €	+133%	71,2 k €	+390%	14,5 k €	-90.7%	157 k €	-31.6%	229,3 k €	+21.9%	188,1 k €	+455%	33,9 k €	-71.2%	118 k €	+513%	19,2 k €	+13.6%	16,9 k €	+441%	3,1 k €	-86.6%	23,4 k €
Debts	747,4 k €	-43.0%	1,3 M €	-27.5%	1,8 M €	+48.6%	1,2 M €	+21.7%	1 M €	0.0%	1 M €	+58.7%	630 k €	+14345%	4,4 k €	-99.1%	504,4 k €	+21.7%	414,5 k €	+3.0%	402,3 k €	-21.4%	511,7 k €	-7.3%	552,1 k €	-5.5%	584,4 k €	-26.6%	796,4 k €	-17.0%	959,3 k €	-1.3%	971,5 k €	-27.5%	1,3 M €	-10.2%	1,5 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 9 ended

Active mandates

Adrimaar

Director · since 17 mars 2026 · until 17 mars 2032 · 0472.786.215

Represented by Goedseels Bart

Active

POLLET GROUP

Chairman of the board of directors · since 17 mars 2026 · until 17 mars 2032 · 0421.202.704

Represented by Sofie Pollet

Active

SMARDIX

Managing director · since 17 mars 2026 · until 17 mars 2032 · 0795.128.202

Represented by Dimitri Tailleu

Active

Ended mandates

POLLET WATER GROUP

Director · since 07 octobre 2024 · 0832.152.409

Represented by Dimitri TAILLEU

Ended

Sofie Pollet

Director · since 17 janvier 2023

Ended

POLLET WATER GROUP

Director · since 15 mars 2022 · 0832.152.409

Represented by Jacques Pollet

Ended

Sofie POLLET

Director · since 24 janvier 2020

Ended

At this address

Other companies at this address

Company	CBE no.
AFPRO FILTERS● Active	0430.525.491

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2021
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	01/07/2021	01/07/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	30/06/2021
Length of the financial year	12 months	12 months	12 months	12 months	6 months	12 months
Filing date	12/06/2026	25/07/2025	31/07/2024	31/08/2023	31/08/2022	06/01/2022
General meeting	30/04/2026	30/06/2025	24/06/2024	26/06/2023	27/06/2022	06/12/2021
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	30/04/2026	12/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	25/07/2025	Dutch	PDF
Abridged model	31/12/2023	24/06/2024	31/07/2024	Dutch	PDF
Abridged model	31/12/2022	26/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	27/06/2022	31/08/2022	Dutch	PDF
Abridged model	30/06/2021	06/12/2021	06/01/2022	Dutch	PDF
Abridged model	30/06/2020	07/12/2020	31/01/2021	Dutch	PDF
Abridged model	30/06/2019	02/12/2019	21/01/2020	Dutch	PDF
Abridged model	30/06/2018	03/12/2018	24/12/2018	Dutch	PDF
Abridged model	30/06/2017	04/12/2017	26/01/2018	Dutch	PDF
Abridged model	30/06/2016	05/12/2016	09/01/2017	Dutch	PDF
Abridged model	30/06/2015	07/12/2015	28/12/2015	Dutch	PDF
Abridged model	30/06/2014	01/12/2014	29/12/2014	Dutch	PDF
Abridged model	30/06/2013	06/12/2013	21/02/2014	Dutch	PDF
Abridged model	30/06/2012	03/12/2012	04/01/2013	Dutch	PDF
Abridged model	30/06/2011	05/12/2011	19/12/2011	Dutch	PDF
Abridged model	30/06/2010	06/12/2010	08/12/2010	Dutch	PDF
Abridged model	30/06/2009	07/12/2009	04/01/2010	Dutch	PDF
Abridged model	30/06/2008	01/12/2008	23/12/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 3 active · 9 ended

Active mandates

Adrimaar

Director · since 17 mars 2026 · until 17 mars 2032 · 0472.786.215

Represented by Goedseels Bart

Active

POLLET GROUP

Chairman of the board of directors · since 17 mars 2026 · until 17 mars 2032 · 0421.202.704

Represented by Sofie Pollet

Active

SMARDIX

Managing director · since 17 mars 2026 · until 17 mars 2032 · 0795.128.202

Represented by Dimitri Tailleu

Active

Ended mandates

POLLET WATER GROUP

Director · since 07 octobre 2024 · 0832.152.409

Represented by Dimitri TAILLEU

Ended

Sofie Pollet

Director · since 17 janvier 2023

Ended

POLLET WATER GROUP

Director · since 15 mars 2022 · 0832.152.409

Represented by Jacques Pollet

Ended

Sofie POLLET

Director · since 24 janvier 2020

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office28/05/2026
MAATSCHAPPELIJKE ZETEL
PDF
Mandates19/03/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Other17/03/2026
DIVERSEN
PDF
Mandates16/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other22/10/2021
WIJZIGING RECHTSVORM - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates12/02/2020
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 20251,5 M €↑
2025
Name changeRevolve (voorheen Aquaduct BV)
2024
Annual accounts 20241,4 M €↓
2023
Annual accounts 20231,8 M €↑
2022
Annual accounts 2022899 k €↓
2021
Annual accounts 2021900,2 k €↑
2021
Annual accounts 2021897,6 k €↑
2020
Annual accounts 2020666,4 k €↑
2019
Annual accounts 201987,3 k €↓
2018
Annual accounts 2018333,7 k €↓
2017
Annual accounts 2017526,6 k €↑
2016
Annual accounts 2016434,5 k €↑
2015
Annual accounts 2015344,9 k €↑
2014
Annual accounts 201477,6 k €↑
2013
Annual accounts 201357,2 k €↓
2012
Annual accounts 2012385,9 k €↑
2011
Annual accounts 201160,6 k €↑
2010
Annual accounts 2010-3,3 k €↓
2009
Annual accounts 2009213,2 k €↑
2008
Annual accounts 2008183 k €
2008
Name changeAquaduct
11/05/2007
IncorporationPublic 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

REVOLVE

Overview

What does REVOLVE 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