Financials
Financial year 2025
Grandeco Wallfashion Group - Belgium from Tielt, company number BE0811702334, closed financial year 2025 with a result of € -3.6 million after tax. For that financial year Grandeco Wallfashion Group - Belgium recorded revenue of € 52.5 million and equity of € 14 million. Compared with financial year 2024, the result moved from € 219,150 to € -3.6 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 11, 2026.
€ 14 million
▼ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.6 million
▼ still € 219,150 profit in 2024
Profit after tax over the fiscal year.
€ 3.6 million
▼ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 13.8 million.
People and assets in 2025
214.9
▼ 6.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 14.7 million
▲ 1% vs 2024
€ 68,600 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.
€ 1.3 million
▲ 215% vs 2024
Of which on lease € 924,728.
Debts at end 2025
€ 35.6 million
▼ 1% vs 2024
€ 4.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 5 million
▼ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 53 days on average.
€ 2.8 million
▼ 13% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 53,759,749 | € 59,280,232 | € 56,714,477 | € 52,538,777 | ▼ 7% |
| Profit after taxes | € 4,028,979 | € 206,266 | € 219,150 | € -3,575,721 | ▼ € 3.8 million |
| Equity | € 17,199,877 | € 17,406,144 | € 17,625,294 | € 14,049,573 | ▼ 20% |
| Total debts | € 50,627,317 | € 47,414,413 | € 47,602,306 | € 43,736,566 | ▼ 8% |
| Cash | € 4,791,454 | € 1,785,853 | € 4,093,543 | € 3,559,431 | ▼ 13% |
| Land & buildings | € 6,236,521 | € 5,989,216 | € 5,699,266 | € 5,114,812 | ▼ 10% |
| Retained profit | € 16,914,165 | € 17,120,431 | € 17,339,581 | € 13,763,860 | ▼ 21% |
| Bank debt | € 40,623,133 | € 36,752,561 | € 36,072,602 | € 35,638,683 | ▼ 1% |
| Balance sheet total | € 68,002,670 | € 64,974,590 | € 65,375,439 | € 57,920,557 | ▼ 11% |
| Employees (FTE) | 239 | 223 | 221.1 | 214.9 | ▼ 6.2 |
Key figures of Grandeco Wallfashion Group - Belgium, 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 Grandeco Wallfashion Group - Belgium?
What happened at Grandeco Wallfashion Group - Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Vision@Work BV stepped down as director. NBB
- David De Peuter stepped down as director. NBB
- Down2Earth Capital II CV stepped down as director. NBB
- L/L Plus BV stepped down as director. NBB
- Echolima BV stepped down as director. NBB
- Laurens Boriale stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 3.6 million (▼ € 3.8 million vs 2024). Source: NBB ↗
- Vision@Work BV became a director. NBB
In short
From € 4 million profit in 2022 to € 3.6 million loss in 2025.
Paid € 687,447 in corporate taxes since 2022.
Best year ever: 2022, with € 4 million profit.
Pays suppliers within 53 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by The Wallfashion House (100%). It owns 100% of GRANDECO POLAND sp. z o.o., 100% of Holden Decor Ltd, 100% of Grandeco UK Ltd., 100% of Grandeco Russia LLC, 100% of Wallsupply BV and 100% of Grandeco France SARL itself.
Directors
According to the 2025 annual accounts
Director · represented by Patrick Molemans
Also active at: THE WALLFASHION HOUSE, GRANDIMMO
since 2025 · until 2030
since 2025 · until 2030
Director · represented by Alain Keppens
Owns 57.2% via The Wallfashion House
Also active at: Loda, HG Beheer, CYCLOBILITY, European Sheet Metal and Assembly, B-15, THE WALLFASHION HOUSE, Sisu Group, SalixCo +2 more
since 2025 · until 2030
Director · represented by Lieven Lambaere
Also active at: Grimhild, THE WALLFASHION HOUSE, Trigo, Belgian Cacao, Tarteljee
since 2025 · until 2030
Director · represented by Johannes Verdiesen
Also active at: MYLENE, Mylène International, Rentaltec, European Sheet Metal and Assembly, THE WALLFASHION HOUSE, TM Holding, Down2Earth Partners II
since 2025 · until 2030
since 2024 · until 2030
Shareholders
The Wallfashion House · holding of Down2Earth Capital II CV
100%
Participations
GRANDECO POLAND sp. z o.o.
100%
Holden Decor Ltd
100%
Grandeco UK Ltd.
100%
Grandeco Russia LLC
100%
Wallsupply BV
100%
Grandeco France SARL
100%
Grandeco Deutschland GmbH
100%
Style for Homes BV
100%
Ideco Italia S.R.L.
100%
100%
Establishments
Establishment units
Physical locations of this company
Wakkensesteenweg 49
8700 Tielt
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0811.702.334
- VAT number
- BE 0811.702.334
- Registered office
- Wakkensesteenweg 49, 8700 Tielt
- Names & denominations
- Grandeco Wallfashion Group - Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 May 2009
- Peppol
- Active · Active since 26 Aug 2025
- Activities · NACE
Vervaardiging van overige geconfectioneerde artikelen van textiel, muv kleding
Vervaardiging van behangpapier
Groothandel in behang, verf en woningtextiel