ACTIVE

DESTHIN

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Financial year 2025 · closed on 31/12/2025

Net result

121,8 k €

-46.7% YoY

Gross margin

1,5 M €

+9.7% YoY

Equity

300 k €

+18.5% YoY

Workforce

31,9 ETP

+16.4% YoY

What does DESTHIN do?

DESTHIN is a Private limited company incorporated in 2008. Its main activity is: Restaurants and mobile food service activities. Its registered office is in Liège. It employs on average 31,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0899.866.723

Incorporation

20/08/2008

Legal form

Private limited company

Registered office

Rue Servais-Malaise 15
4030 Liège · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

31,9 ETP

Activities (NACE)

56101Restaurants and mobile food service activities· main 56111Restaurants and mobile food service activities 56301Beverage serving activities 56301Beverage serving activities 10520Manufacture of ice cream 56112Restaurants and mobile food service activities+6

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	1,5 M €	+9.7%	1,3 M €	+33.9%	997,3 k €	+24.4%	801,5 k €	+105%	391,5 k €	+28.7%	304,2 k €	-28.9%	428,1 k €	+16.1%	368,8 k €	+26.8%	290,9 k €	+9.9%	264,6 k €	+24.5%	212,5 k €	+49.2%	142,5 k €	+60.1%	89 k €	+24.2%	71,7 k €	-22.7%	92,7 k €	-10.2%	103,2 k €	+86.1%	55,5 k €
EBITDA	284,5 k €	-26.1%	384,8 k €	+204%	126,5 k €	+99.2%	63,5 k €	-68.7%	203,1 k €	+383%	42 k €	-57.9%	99,8 k €	+52.5%	65,5 k €	+122%	29,4 k €	-9.3%	32,5 k €	-13.4%	37,5 k €	+190%	12,9 k €	-55.3%	28,9 k €	-1.3%	29,3 k €	-34.5%	44,7 k €	-40.0%	74,5 k €	+109%	35,7 k €
Operating result	216,3 k €	-32.4%	319,8 k €	+312%	77,7 k €	+89.8%	40,9 k €	-79.2%	197,2 k €	+1192%	15,3 k €	-78.6%	71,2 k €	+116%	32,9 k €	+1896%	1,6 k €	-87.0%	12,7 k €	-40.0%	21,1 k €	+1394%	-1,6 k €	-112%	13,7 k €	-0.9%	13,8 k €	-51.3%	28,4 k €	-51.6%	58,8 k €	+347%	13,2 k €
Net result	121,8 k €	-46.7%	228,7 k €	+333%	52,8 k €	+73.2%	30,5 k €	-50.2%	61,2 k €	+458%	11 k €	-75.4%	44,6 k €	+153%	17,6 k €	+2941%	-620,1 €	-176%	811,8 €	-89.3%	7,6 k €	+162%	-12,2 k €	-797%	1,7 k €	-81.4%	9,4 k €	+12.4%	8,4 k €	-63.8%	23,1 k €	+16009%	143,4 €
Balance sheet
Equity	300 k €	+18.5%	253,2 k €	+154%	99,5 k €	-18.3%	121,7 k €	-13.8%	141,3 k €	+76.4%	80,1 k €	+15.9%	69,1 k €	+182%	24,5 k €	-56.9%	56,9 k €	-1.1%	57,5 k €	+1.4%	56,7 k €	+15.4%	49,1 k €	-19.9%	61,3 k €	+2.9%	59,6 k €	+18.7%	50,2 k €	+20.0%	41,8 k €	+123%	18,7 k €
Total assets	929,3 k €	+9.6%	847,6 k €	+5.6%	802,9 k €	+45.6%	551,3 k €	-10.7%	617,5 k €	+127%	271,9 k €	+11.0%	244,9 k €	+30.2%	188,1 k €	+25.3%	150,1 k €	+16.9%	128,4 k €	+4.1%	123,3 k €	+0.8%	122,3 k €	-2.7%	125,7 k €	-1.0%	126,9 k €	-14.9%	149,1 k €	-7.9%	162 k €	-1.1%	163,8 k €
Cash	343,7 k €	+27.9%	268,7 k €	+123%	120,7 k €	-39.5%	199,6 k €	+62.1%	123,1 k €	+89.2%	65,1 k €	-0.2%	65,2 k €	+3.3%	63,1 k €	+500%	10,5 k €	-37.5%	16,8 k €	-0.8%	17 k €	+225%	5,2 k €	+15.9%	4,5 k €	-1.6%	4,6 k €	-3.9%	4,8 k €	-20.5%	6 k €	+865%	620,2 €
Debts	625 k €	+5.7%	591,4 k €	-15.1%	696,3 k €	+64.1%	424,4 k €	-9.9%	471,2 k €	+147%	190,8 k €	+8.8%	175,4 k €	+7.3%	163,5 k €	+75.5%	93,2 k €	+38.0%	67,5 k €	+1.4%	66,6 k €	-9.0%	73,2 k €	+14.2%	64,1 k €	-4.9%	67,4 k €	-31.9%	98,9 k €	-17.6%	120,1 k €	-17.2%	145 k €
Other
Workforce	31,9 ETP	+16.4%	27,4 ETP	+15.1%	23,8 ETP		–		–		–		–		–		–		–		4,6 ETP	+17.9%	3,9 ETP	+129%	1,7 ETP		–		1,3 ETP	0.0%	1,3 ETP		–

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 · 1 active · 8 ended

Active mandates

Michael Vervaeke

Mandate

Active

Ended mandates

Michael Vervaeke

Manager · since 27 septembre 2013

Ended

ANDRE DESTINE

Mandate

Ended

CHEVRINVEST

Manager · 0501.827.520

Ended

CHEVRINVEST

Manager · 0501.827.520

Ended

At this address

Other companies at this address

Company	CBE no.
CHARNALE MANAGEMENT● Active	1020.732.186
CHEVRINVEST● Active	0501.827.520

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro 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	18/06/2026	24/07/2025	22/06/2024	04/08/2023	25/08/2022	17/08/2021
General meeting	13/06/2026	08/07/2025	28/05/2024	23/05/2023	24/05/2022	25/05/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	13/06/2026	18/06/2026	French	PDF
Abridged model	31/12/2024	08/07/2025	24/07/2025	French	PDF
Abridged model	31/12/2023	28/05/2024	22/06/2024	French	PDF
Micro model	31/12/2022	23/05/2023	04/08/2023	French	PDF
Micro model	31/12/2021	24/05/2022	25/08/2022	French	PDF
Micro model	31/12/2020	25/05/2021	17/08/2021	French	PDF
Micro model	31/12/2019	26/05/2020	08/09/2020	French	PDF
Micro model	31/12/2018	28/05/2019	24/06/2019	French	PDF
Micro model	31/12/2017	11/05/2018	17/05/2018	French	PDF
Micro model	31/12/2016	23/05/2017	09/08/2017	French	PDF
Abridged model	31/12/2015	24/05/2016	02/07/2016	French	PDF
Abridged model	31/12/2014	26/05/2015	18/08/2015	French	PDF
Abridged model	31/12/2013	14/09/2014	19/09/2014	French	PDF
Abridged model	31/12/2012	15/06/2013	21/06/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	26/07/2012	French	PDF
Abridged model	31/12/2010	15/06/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	27/07/2010	French	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 · 1 active · 8 ended

Active mandates

Michael Vervaeke

Mandate

Active

Ended mandates

Michael Vervaeke

Manager · since 27 septembre 2013

Ended

ANDRE DESTINE

Mandate

Ended

CHEVRINVEST

Manager · 0501.827.520

Ended

CHEVRINVEST

Manager · 0501.827.520

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/01/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office18/11/2021
SIEGE SOCIAL
PDF
Mandates05/11/2013
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates14/04/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates07/04/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates30/07/2009
DEMISSIONS, NOMINATIONS
PDF
Other28/08/2008
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025121,8 k €↓
2024
Annual accounts 2024228,7 k €↑
2023
Annual accounts 202352,8 k €↑
2022
Annual accounts 202230,5 k €↓
2021
Annual accounts 202161,2 k €↑
2020
Annual accounts 202011 k €↓
2019
Annual accounts 201944,6 k €↑
2018
Annual accounts 201817,6 k €↑
2017
Annual accounts 2017-620,1 €↓
2016
Annual accounts 2016811,8 €↓
2015
Annual accounts 20157,6 k €↑
2014
Annual accounts 2014-12,2 k €↓
2013
Annual accounts 20131,7 k €↓
2012
Annual accounts 20129,4 k €↑
2011
Annual accounts 20118,4 k €↓
2010
Annual accounts 201023,1 k €↑
2009
Annual accounts 2009143,4 €
20/08/2008
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

DESTHIN

Overview

What does DESTHIN do?

Trend over 17 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