What does RAMHORECA do?

RAMHORECA is a wholesaler in Quaregnon. Public Limited, started on 15 October 1992, 1 establishment.

What is the address of RAMHORECA?

The registered office of RAMHORECA is located at Rue du Zoning du Brûle 79, 7390 Quaregnon.

Is RAMHORECA still active?

Yes. According to the CBE (29 October 2026) RAMHORECA is active, legal situation “Normale toestand”, started on 15 October 1992.

Is RAMHORECA registered on Peppol?

Yes, RAMHORECA is registered on the Peppol network with ID 0208:0448466236.

What is the enterprise number of RAMHORECA?

The enterprise number of RAMHORECA is BE0448466236.

When was RAMHORECA founded?

RAMHORECA was founded on 15 October 1992.

Who are the directors of RAMHORECA?

According to the 2025 annual accounts, the directors of RAMHORECA are: VALERIE STEPHANIE DENIS, INITIUM INVEST SRL.

Is RAMHORECA a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 15 October 1992; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did RAMHORECA make in 2025?

RAMHORECA posted a profit after taxes of € 1,468,162 in financial year 2025.

What is the revenue of RAMHORECA?

In its most recent annual accounts (2025), RAMHORECA reported revenue of € 35,753,589.

How much does an employee at RAMHORECA earn?

The average wage cost per full-time employee at RAMHORECA was € 58,500 in 2025: staff costs of € 3.4 million for 57.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does RAMHORECA have?

According to the 2025 annual accounts, RAMHORECA has 57.7 full-time equivalents (FTE).

RAMHORECA (Public Limited) - Quaregnon - BE0448466236

Dossier RAMHORECA, printed on 29 October 2026 from databakkes.be/en/0448466236/ramhoreca. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

RAMHORECA from Quaregnon, company number BE0448466236, closed financial year 2025 with a result of € 1.5 million after tax. For that financial year RAMHORECA recorded revenue of € 35.8 million and equity of € 7.2 million. Compared with financial year 2024, the result moved from € 1.4 million to € 1.5 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 26, 2026.

What it is worth Growing

€ 7.2 million

▲ 4% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 1.5 million

▲ 4% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 2.7 million

▼ 38% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 1.2 million paid out

82 % of the profit went to the shareholders, mostly to MAGRATHEA (73 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

57.7

▼ 0.1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 3.2 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 3.4 million

€ 58,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 521,433

▼ 3% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 2.4 million

▲ 25% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 29 days on average.

Wages and social charges

€ 75,803

▼ 85% vs 2024

Wages, holiday pay and social contributions still to pay. No outstanding taxes.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 30,689,785 Revenue 2022: € 30,689,785 First fiscal year in the series	€ 33,399,588 Revenue 2023: € 33,399,588 ▲ 9% vs 2022 (€ 30,689,785) Favourable step	€ 33,894,248 Revenue 2024: € 33,894,248 ▲ 1% vs 2023 (€ 33,399,588) Favourable step	€ 35,753,589 Revenue 2025: € 35,753,589 ▲ 5% vs 2024 (€ 33,894,248) Favourable step	▲ 5%
Profit after taxes	€ 1,980,668 Profit after taxes 2022: € 1,980,668 First fiscal year in the series	€ 1,916,894 Profit after taxes 2023: € 1,916,894 ▼ 3% vs 2022 (€ 1,980,668) Unfavourable step	€ 1,406,941 Profit after taxes 2024: € 1,406,941 ▼ 27% vs 2023 (€ 1,916,894) Unfavourable step	€ 1,468,162 Profit after taxes 2025: € 1,468,162 ▲ 4% vs 2024 (€ 1,406,941) Favourable step	▲ 4%
Equity	€ 5,548,818 Equity 2022: € 5,548,818 First fiscal year in the series	€ 5,508,213 Equity 2023: € 5,508,213 ▼ 1% vs 2022 (€ 5,548,818) Unfavourable step	€ 6,915,153 Equity 2024: € 6,915,153 ▲ 26% vs 2023 (€ 5,508,213) Favourable step	€ 7,183,315 Equity 2025: € 7,183,315 ▲ 4% vs 2024 (€ 6,915,153) Favourable step	▲ 4%
Total debts	€ 4,321,964 Total debts 2022: € 4,321,964 First fiscal year in the series	€ 4,633,234 Total debts 2023: € 4,633,234 ▲ 7% vs 2022 (€ 4,321,964) Unfavourable step	€ 4,426,556 Total debts 2024: € 4,426,556 ▼ 4% vs 2023 (€ 4,633,234) Favourable step	€ 2,487,465 Total debts 2025: € 2,487,465 ▼ 44% vs 2024 (€ 4,426,556) Favourable step	▼ 44%
Cash	€ 4,771,582 Cash 2022: € 4,771,582 First fiscal year in the series	€ 3,984,584 Cash 2023: € 3,984,584 ▼ 16% vs 2022 (€ 4,771,582) Unfavourable step	€ 4,350,157 Cash 2024: € 4,350,157 ▲ 9% vs 2023 (€ 3,984,584) Favourable step	€ 2,709,233 Cash 2025: € 2,709,233 ▼ 38% vs 2024 (€ 4,350,157) Unfavourable step	▼ 38%
Retained profit	€ 5,529,818 Retained profit 2022: € 5,529,818 First fiscal year in the series	€ 5,446,713 Retained profit 2023: € 5,446,713 ▼ 2% vs 2022 (€ 5,529,818) Unfavourable step	€ 6,853,653 Retained profit 2024: € 6,853,653 ▲ 26% vs 2023 (€ 5,446,713) Favourable step	€ 7,121,815 Retained profit 2025: € 7,121,815 ▲ 4% vs 2024 (€ 6,853,653) Favourable step	▲ 4%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 1,200,000 Dividend 2025: € 1,200,000 Unchanged (€ 0) Unchanged
Bank debt	€ 57,987 Bank debt 2022: € 57,987 First fiscal year in the series	€ 21,473 Bank debt 2023: € 21,473 ▼ 63% vs 2022 (€ 57,987) Favourable step	€ 0 Bank debt 2024: € 0 ▼ 100% vs 2023 (€ 21,473) Favourable step	€ 0 Bank debt 2025: € 0 Unchanged (€ 0) Unchanged
Balance sheet total	€ 9,870,783 Balance sheet total 2022: € 9,870,783 First fiscal year in the series	€ 10,141,447 Balance sheet total 2023: € 10,141,447 ▲ 3% vs 2022 (€ 9,870,783) Unchanged	€ 11,341,710 Balance sheet total 2024: € 11,341,710 ▲ 12% vs 2023 (€ 10,141,447) Unchanged	€ 9,670,779 Balance sheet total 2025: € 9,670,779 ▼ 15% vs 2024 (€ 11,341,710) Unchanged	▼ 15%
Employees (FTE)	53.6 Employees (FTE) 2022: 53.6 First fiscal year in the series	57.9 Employees (FTE) 2023: 57.9 ▲ 4.3 vs 2022 (53.6) Unchanged	57.8 Employees (FTE) 2024: 57.8 ▼ 0.1 vs 2023 (57.9) Unchanged	57.7 Employees (FTE) 2025: 57.7 ▼ 0.1 vs 2024 (57.8) Unchanged	▼ 0.1

Key figures of RAMHORECA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to RAMHORECA?

What happened at RAMHORECA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Aug 26, 2026 New annual accounts for financial year 2025: profit of € 1.5 million (▲ 4% vs 2024). filed late Source: NBB ↗
2025 INITIUM INVEST SRL became a director. NBB
2023 VALERIE STEPHANIE DENIS became a director. NBB
Dec 4, 1992 New establishment in Quaregnon. KBO
Oct 15, 1992 Start of the company according to the CBE. KBO

In short

From € 2 million profit in 2022 to € 1.5 million profit in 2025.

Paid € 2.4 million in corporate taxes since 2022.

Best year ever: 2022, with € 2 million profit.

Paid out € 1.2 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

MAGRATHEA 73.3%

ETS RAMAUT 27%

The stake of MAGRATHEA, ETS RAMAUT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

RAMHORECA

Behind RAMHORECA are VALERIE STEPHANIE DENIS and INITIUM INVEST SRL. The shares are held by MAGRATHEA (73.3%) and ETS RAMAUT (27%).

Directors

According to the 2025 annual accounts

VALERIE STEPHANIE DENIS

Director

Also active at: MAGRATHEA, INITIUM INVEST

since 2023

INITIUM INVEST SRL

Director · represented by DAVID RAMAUT

Also active at: ETS RAMAUT

since 2025

Shareholders

MAGRATHEA

73.3%

ETS RAMAUT

27%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Rue du Zoning du Brûle 79

7390 Quaregnon

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.

All companies at this address →

ETS RAMAUT same network

€ 379,151 gross margin · 2025

MAGRATHEA same network

€ 360,485 gross margin · 2024

Groupe Ramaut

INITIUM INVEST same network

€ 417,776 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0448.466.236

VAT number

BE 0448.466.236

Registered office

Rue du Zoning du Brûle 79, 7390 Quaregnon

Names & denominations

RAMHORECA

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

15 October 1992

Peppol

Active · Active since 4 Dec 2025

Activities · NACE

Niet-gespecialiseerde groothandel in niet-diepgevroren voedingsmiddelen, dranken en genotmiddelen

Overige niet-gespecialiseerde groothandel in voedings- en genotmiddelen

Overige detailhandel in voedingsmiddelen, neg

Overige detailhandel in voedingsmiddelen in gespecialiseerde winkels, n.e.g.

Niet-gespecialiseerde groothandel in diepgevroren voedingsmiddelen

View on CBE Public ↗ Annual accounts (NBB) ↗

RAMHORECA

Financials

What happened to RAMHORECA?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions