What does The Veneer do?

The Veneer is registered with the CBE as active in: Activiteiten van holdings. Public Limited, started on 24 July 2017, 1 establishment.

What is the address of The Veneer?

The registered office of The Veneer is located at Lageweg 33, 8930 Menen.

Is The Veneer still active?

Yes. According to the CBE (29 October 2026) The Veneer is active, legal situation “Normale toestand”, started on 24 July 2017.

Is The Veneer registered on Peppol?

Yes, The Veneer is registered on the Peppol network with ID 0208:0679599519.

What is the enterprise number of The Veneer?

The enterprise number of The Veneer is BE0679599519.

When was The Veneer founded?

The Veneer was founded on 24 July 2017.

Who are the directors of The Veneer?

According to the 2025 annual accounts, the directors of The Veneer are: Malexis BV, Lurinvest BV, Mapide BV, Todecom BV, Dema Invest BV.

Is The Veneer a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 24 July 2017; 5 annual accounts filed, latest fiscal year 2025; 5 directors known from the annual account.

How much profit did The Veneer make in 2025?

The Veneer posted a profit after taxes of € 515,085 in financial year 2025.

What is the revenue of The Veneer?

In its most recent annual accounts (2025), The Veneer reported revenue of € 1,727,976.

How much does an employee at The Veneer earn?

The average wage cost per full-time employee at The Veneer was € 113,600 in 2024: staff costs of € 215,806 for 1.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does The Veneer have?

According to the 2025 annual accounts, The Veneer has 0.9 full-time equivalents (FTE).

The Veneer (Public Limited) - Menen - BE0679599519

Dossier The Veneer, printed on 29 October 2026 from databakkes.be/en/0679599519/the-veneer. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

The Veneer from Menen, company number BE0679599519, closed financial year 2025 with a result of € 515,085 after tax. For that financial year The Veneer recorded revenue of € 1.7 million and equity of € 42.9 million. Compared with financial year 2024, the result moved from € 5.1 million to € 515,085. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.

What it is worth Healthy

€ 42.9 million

▼ 10% vs 2024

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

Profit Healthy

€ 515,085

▼ 90% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 183,261

▼ 81% vs 2024

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

Where the profit goes Pays out

€ 5.4 million paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Full-time equivalents

0.9

▼ 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: € 927,511 in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 107,966

▼ 50% vs 2024

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Debts at end 2025

Bank debt ≈ 4 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 700,000

▼ 79% vs 2024

€ 175,000 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 207,021

▼ 29% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 81 days on average.

Taxes and wages

€ 16,613

▼ 64% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 1,470,078 Revenue 2022: € 1,470,078 First fiscal year in the series	€ 1,571,546 Revenue 2023: € 1,571,546 ▲ 7% vs 2022 (€ 1,470,078) Favourable step	€ 1,677,354 Revenue 2024: € 1,677,354 ▲ 7% vs 2023 (€ 1,571,546) Favourable step	€ 1,727,976 Revenue 2025: € 1,727,976 ▲ 3% vs 2024 (€ 1,677,354) Favourable step	▲ 3%
Profit after taxes	€ -851,061 Profit after taxes 2022: € -851,061 First fiscal year in the series	€ 23,737,891 Profit after taxes 2023: € 23,737,891 ▲ € 24.6 million vs 2022 (€ -851,061) Favourable step	€ 5,066,495 Profit after taxes 2024: € 5,066,495 ▼ 79% vs 2023 (€ 23,737,891) Unfavourable step	€ 515,085 Profit after taxes 2025: € 515,085 ▼ 90% vs 2024 (€ 5,066,495) Unfavourable step	▼ 90%
Equity	€ 27,757,139 Equity 2022: € 27,757,139 First fiscal year in the series	€ 47,095,029 Equity 2023: € 47,095,029 ▲ 70% vs 2022 (€ 27,757,139) Favourable step	€ 47,761,525 Equity 2024: € 47,761,525 ▲ 1% vs 2023 (€ 47,095,029) Favourable step	€ 42,876,610 Equity 2025: € 42,876,610 ▼ 10% vs 2024 (€ 47,761,525) Unfavourable step	▼ 10%
Total debts	€ 26,596,610 Total debts 2022: € 26,596,610 First fiscal year in the series	€ 17,921,397 Total debts 2023: € 17,921,397 ▼ 33% vs 2022 (€ 26,596,610) Favourable step	€ 19,240,350 Total debts 2024: € 19,240,350 ▲ 7% vs 2023 (€ 17,921,397) Unfavourable step	€ 6,123,790 Total debts 2025: € 6,123,790 ▼ 68% vs 2024 (€ 19,240,350) Favourable step	▼ 68%
Cash	€ 1,329,679 Cash 2022: € 1,329,679 First fiscal year in the series	€ 1,045,533 Cash 2023: € 1,045,533 ▼ 21% vs 2022 (€ 1,329,679) Unfavourable step	€ 954,907 Cash 2024: € 954,907 ▼ 9% vs 2023 (€ 1,045,533) Unfavourable step	€ 183,261 Cash 2025: € 183,261 ▼ 81% vs 2024 (€ 954,907) Unfavourable step	▼ 81%
Retained profit	€ 9,502,733 Retained profit 2022: € 9,502,733 First fiscal year in the series	€ 28,840,624 Retained profit 2023: € 28,840,624 ▲ 203% vs 2022 (€ 9,502,733) Favourable step	€ 29,507,119 Retained profit 2024: € 29,507,119 ▲ 2% vs 2023 (€ 28,840,624) Favourable step	€ 24,622,204 Retained profit 2025: € 24,622,204 ▼ 17% vs 2024 (€ 29,507,119) Unfavourable step	▼ 17%
Dividend	€ 4,400,000 Dividend 2022: € 4,400,000 First fiscal year in the series	€ 4,400,000 Dividend 2023: € 4,400,000 Unchanged (€ 4,400,000) Unchanged	€ 4,400,000 Dividend 2024: € 4,400,000 Unchanged (€ 4,400,000) Unchanged	€ 5,400,000 Dividend 2025: € 5,400,000 ▲ 23% vs 2024 (€ 4,400,000) Unchanged	▲ 23%
Bank debt	€ 5,525,000 Bank debt 2022: € 5,525,000 First fiscal year in the series	€ 3,910,000 Bank debt 2023: € 3,910,000 ▼ 29% vs 2022 (€ 5,525,000) Favourable step	€ 3,375,000 Bank debt 2024: € 3,375,000 ▼ 14% vs 2023 (€ 3,910,000) Favourable step	€ 700,000 Bank debt 2025: € 700,000 ▼ 79% vs 2024 (€ 3,375,000) Favourable step	▼ 79%
Balance sheet total	€ 54,353,748 Balance sheet total 2022: € 54,353,748 First fiscal year in the series	€ 65,016,426 Balance sheet total 2023: € 65,016,426 ▲ 20% vs 2022 (€ 54,353,748) Unchanged	€ 67,001,875 Balance sheet total 2024: € 67,001,875 ▲ 3% vs 2023 (€ 65,016,426) Unchanged	€ 49,000,400 Balance sheet total 2025: € 49,000,400 ▼ 27% vs 2024 (€ 67,001,875) Unchanged	▼ 27%
Employees (FTE)	2.5 Employees (FTE) 2022: 2.5 First fiscal year in the series	1.9 Employees (FTE) 2023: 1.9 ▼ 0.6 vs 2022 (2.5) Unchanged	1.9 Employees (FTE) 2024: 1.9 Unchanged (1.9) Unchanged	0.9 Employees (FTE) 2025: 0.9 ▼ 1 vs 2024 (1.9) Unchanged	▼ 1

Key figures of The Veneer, 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 The Veneer?

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

2026 Malexis BV stepped down as director. NBB
2026 Lurinvest BV stepped down as director. NBB
2026 Mapide BV stepped down as director. NBB
2026 Todecom BV stepped down as director. NBB
2026 Dema Invest BV stepped down as director. NBB
Jul 14, 2026 New annual accounts for financial year 2025: profit of € 515,085 (▼ 90% vs 2024). Source: NBB ↗
2025 Malexis BV became a director. NBB
2025 Todecom BV became a director. NBB

In short

From € 851,061 loss in 2022 to € 515,085 profit in 2025.

Paid € 8,776 in corporate taxes since 2022.

Best year ever: 2023, with € 23.7 million profit.

Paid out € 18.6 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Todecom 25%

Depide 25%

Malexis 12.5%

DEMA Invest 12.5%

The stake of Todecom, Depide, Malexis, DEMA Invest comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

The Veneer

Decospan Holding 100%

D-ESTATE NV 100%

D-Services NV 100%

The shares are held by Todecom (25%), Depide (25%), Malexis (12.5%) and DEMA Invest (12.5%). It owns 100% of Decospan Holding, 100% of D-ESTATE NV and 100% of D-Services NV itself.