ACTIVE

GANEMEDE BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result24,1 M €+18,9 %over 1 year

Gross margin-19,7 k €+65,0 %over 1 year

Equity929 M €+2,7 %over 1 year

Workforce0,0 ETP

Identity

Source · BCE/KBO

GANEMEDE BELGIUM is a Public limited company incorporated in 2007. Its registered office is in Tournai.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0893.651.595
Incorporation: 22/11/2007
Legal form: Public limited company
Registered office: Rue du Progrès(FRY) 4B
7503 Tournai · WallonieSee on map
Contributed capital: 223 000 000,00 €
Latest accounts: 31/12/2025
Average workforce: 0,0 ETP

Signals

ProfitableSolid equityPositive cashflow

Financials

Source · NBB, 18 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-19,7 k €	+65.0%	-56,1 k €	-48.6%	-37,8 k €		–		-340,3 k €
EBITDA	-19,8 k €	+64.8%	-56,1 k €	-47.9%	-37,9 k €	+83.8%	-234,4 k €	+32.2%	-345,8 k €
Operating result	-19,8 k €	+64.8%	-56,1 k €	-47.9%	-37,9 k €	+83.8%	-234,4 k €	+32.4%	-346,6 k €
Net result	24,1 M €	+18.9%	20,3 M €	+1.1%	20,1 M €	+34.5%	14,9 M €	-54.3%	32,6 M €
Balance sheet
Equity	929 M €	+2.7%	904,9 M €	+2.3%	884,6 M €	+2.3%	864,6 M €	+5.2%	822,2 M €
Total assets	1,5 Md €	-0.5%	1,5 Md €	+0.0%	1,5 Md €	-0.3%	1,5 Md €	+3.4%	1,4 Md €
Cash	960,1 k €	+0.8%	952,5 k €	+181%	338,4 k €	-89.0%	3,1 M €	-56.3%	7,1 M €
Debts	536,4 M €	-5.7%	568,5 M €	-3.4%	588,4 M €	-4.1%	613,6 M €	+1.1%	606,7 M €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 41 ended

Active mandates

Christine Gourlet

Director · since 16 juin 2026 · until 15 juin 2032

Active

Gilles Mulliez

Director · since 16 juin 2026 · until 15 juin 2032

Active

Jean-Luc Mulliez

Director · since 16 juin 2026 · until 15 juin 2032

Active

Olivier Mulliez

Managing director · since 16 juin 2026 · until 15 juin 2032

Active

Ended mandates

Jean-Luc Mulliez

Director · since 25 août 2020 · until 16 juin 2026

Ended

Olivier Mulliez

Managing director · since 24 juin 2020 · until 16 juin 2026

Ended

Christine Gourlet

Mandate · since 28 mai 2020 · until 16 juin 2026

Ended

Christine Gourlet

Director · since 28 mai 2020 · until 16 juin 2026

Ended

Other companies at this address

Rue du Progrès(FRY) 4B 7503 Tournai

Company	CBE no.
ALEX IMMOBILIER● Active	0536.299.340
ANNA DRESSAGE BELGIUM● Active	1002.008.317
CIPAT● Active	0466.503.484
Fondation Anahata● Active	0542.502.291
JMCG 2● Active	0728.589.269
MAJENTA & CO● Active	0894.628.129
MARK & SIGN● Active	0881.079.803
SAPI MASNUY IMMO● Active	0757.680.757

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Full 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	06/07/2026	27/06/2025	24/06/2024	30/08/2023	12/07/2022	27/08/2021
General meeting	03/07/2026	26/06/2025	20/06/2024	20/06/2023	21/06/2022	15/06/2021
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, 18 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	03/07/2026	06/07/2026	French	PDF
Abridged model	31/12/2024	26/06/2025	27/06/2025	French	PDF
Abridged model	31/12/2023	20/06/2024	24/06/2024	French	PDF
Full model	31/12/2022	20/06/2023	30/08/2023	French	PDF
Abridged model	31/12/2021	21/06/2022	12/07/2022	French	PDF
Abridged model	31/12/2020	15/06/2021	27/08/2021	French	PDF
Abridged model	31/12/2019	27/05/2020	24/06/2020	French	PDF
Abridged model	31/12/2018	18/06/2019	27/06/2019	French	PDF
Abridged model	31/12/2017	19/06/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	20/06/2017	18/07/2017	French	PDF
Abridged model	31/12/2015	21/06/2016	27/06/2016	French	PDF
Abridged model	31/12/2014	16/06/2015	19/06/2015	French	PDF
Abridged model	31/12/2013	17/06/2014	23/06/2014	French	PDF
Abridged model	31/12/2012	18/06/2013	29/07/2013	French	PDF
Abridged model	31/12/2011	19/06/2012	26/07/2012	French	PDF
Abridged model	31/12/2010	21/06/2011	25/07/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	16/06/2009	26/08/2009	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 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

4 active · 41 ended

Active mandates

Christine Gourlet

Director · since 16 juin 2026 · until 15 juin 2032

Active

Gilles Mulliez

Director · since 16 juin 2026 · until 15 juin 2032

Active

Jean-Luc Mulliez

Director · since 16 juin 2026 · until 15 juin 2032

Active

Olivier Mulliez

Managing director · since 16 juin 2026 · until 15 juin 2032

Active

Ended mandates

Jean-Luc Mulliez

Director · since 25 août 2020 · until 16 juin 2026

Ended

Olivier Mulliez

Managing director · since 24 juin 2020 · until 16 juin 2026

Ended

Christine Gourlet

Mandate · since 28 mai 2020 · until 16 juin 2026

Ended

Christine Gourlet

Director · since 28 mai 2020 · until 16 juin 2026

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates20/07/2026
DEMISSIONS, NOMINATIONS
PDF
Capital / shares10/06/2022
CAPITAL, ACTIONS
PDF
Mandates08/07/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates10/06/2020
DEMISSIONS, NOMINATIONS
PDF
Registered office09/10/2018
SIEGE SOCIAL
PDF
Mandates08/03/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates22/07/2016
DEMISSIONS, NOMINATIONS
PDF
Registered office13/05/2016
SIEGE SOCIAL
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 202524,1 M €↑
2024
Annual accounts 202420,3 M €↑
2023
Annual accounts 202320,1 M €↑
2022
Annual accounts 202214,9 M €↓
2021
Annual accounts 202132,6 M €↑
2020
Annual accounts 20204,4 M €↓
2019
Annual accounts 201919,3 M €↑
2018
Annual accounts 201810,1 M €↓
2017
Annual accounts 201726,7 M €↑
2014
Annual accounts 20141,1 M €↓
2013
Annual accounts 20136,5 M €↑
2012
Annual accounts 2012954,1 k €↓
2011
Annual accounts 20114,1 M €↑
2010
Annual accounts 2010-608,4 k €↓
2009
Annual accounts 2009-170,9 k €↑
2008
Annual accounts 2008-1,2 M €
22/11/2007
IncorporationPublic limited company

GANEMEDE BELGIUM

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