Aquis

Project Pedal is an established Belgian specialist in bicycle retail and service, based in West Flanders. The company combines the sale of new bicycles with technical advice, repair shop services, bike fitting, and the sale of parts and accessories.The company has strong local roots and positions itself as a high-quality, service-oriented player in the premium bicycle segment. Thanks to the combination of a recognizable retail concept, a specialized repair shop, and a loyal customer base, Project Pedal offers an attractive foundation for further commercial development.Its activities are primarily focused on bicycle sales, supplemented by recurring revenue from maintenance, repairs, and the sale of related products. The company benefits from strong brand positioning, a well-designed store concept, and an integrated customer approach that spans both sales and after-sales service.The current shareholder wishes to prepare for the company’s succession and is seeking a suitable party that can support the further expansion of the business. The proposed transaction involves the transfer of 100% of the shares, for which a structured transition period is recommended.Scope of the transaction: transfer of 100% of the shares.→ Average revenue: approx. EUR 1.4m→ Normalized EBITDA: approx. EUR 220k 

Project Power is a profitable Belgian retailer of major home appliances, operating from two brick-and-mortar locations in the Brussels-Leuven region, supplemented by a well-established online sales operation and a limited B2B/trading operation. The company focuses on appliances from established brands and combines regular inventory with opportunistic purchases of, among other things, overstock, end-of-line models, and new appliances with minor cosmetic or packaging damage. Thanks to this flexible purchasing strategy and its accumulated sourcing expertise, Project Power is able to position itself competitively on price while maintaining attractive product margins. The company operates a multichannel sales model in which its two brick-and-mortar stores are complemented by a substantial online store and selective B2B/trading activities. The customer base is highly diversified, and the company has a core group of returning suppliers, with purchase volumes allocated flexibly based on availability, expected sales value, and margin potential.  Project Power is characterized by a lean and hands-on organizational structure. The current shareholders are actively involved in purchasing, sales, and day-to-day operations and are supported by two full-time employees and external freelance support. The shareholders are willing to work with the buyer to establish an appropriate transition period to facilitate a smooth transfer of operations.  Further growth opportunities include a more structured use of CRM and digital marketing, further development of the online sales channel, and selective geographic expansion. 

Project Playground isa profitable Belgian childcare group with four locations in East Flanders and a total capacity of 92 spots for infants and toddlers. The company operates primarily under the income-based fee system (IKT), in which parental contributions are supplemented by subsidies from Opgroeien. As a result, Project Playground has a defensive and predictable revenue profile within a highly regulated sector. The company has an experienced team of 17 people. Thanks to local responsibility at each location and central operational support, Project Playground operates largely autonomously. Day-to-day operations are supported by an in-house digital childcare platform designed for staff scheduling, occupancy management, daily attendance tracking, billing, and parent communication, among other functions. In addition, Project Playground distinguishes itself through a fully all-inclusive childcare concept, which includes hot meals and care products. The shareholders are seeking a suitable buyer who can support the continuity and further growth of Project Playground. Scope of the transaction: acquisition of 100% of the shares, with the option to acquire additional real estateNormalized revenue FY25: approx. €1.6mNormalized EBITDA FY25: approx. €264k

Project Robura is a specialized niche contractor active in technically complex demolition, concrete, and foundation work. The company is based in East Flanders and primarily works as a subcontractor for professional contractors and construction firms in Belgium.The company has over 35 years of experience and distinguishes itself through its technical expertise, flexible operations, and strong reputation in preparatory construction work. Thanks to its long-standing client relationships, experienced operational team, and trusted subcontractors, Robura has a stable commercial foundation.The team consists of 4 permanent employees, supplemented by 2 trusted subcontractors who can be called upon for additional capacity and flexibility. The experienced operational team has an average of over 10 years of experience per employee.Average revenue: approx. 581k EURAverage normalized EBITDA: approx. 112k EUR

Project Picea involves an established supermarket in East Flanders, operated under the brand name of a well-known supermarket chain. The business has strong local roots and a stable, loyal customer base.The store offers a wide range of everyday food products, including general groceries, beverages, frozen foods, fresh produce, and non-food items. Picea distinguishes itself in particular through its strong selection of fresh products, including bread, fruits and vegetables, deli meats, cheese, meat, and in-house preparations from the butcher shop.In addition, the store serves a clear community function thanks to supplementary services such as lottery ticket sales and a postal service. These additional services increase customer foot traffic and strengthen the store’s position as a local hub for daily shopping and practical services.The business is supported by the commercial and logistical structure of a larger supermarket organization, while retaining the flexibility and customer focus of a locally rooted independent operation. The team consists of a stable core of permanent employees, supplemented by flexi-job workers.

Project Attire is an independent premium multi-brand retail concept on the Belgian coast, specializing in casual and high-end designer brands for men, women, and children. Thanks to a strong brand identity, an exclusive shopping experience, and a loyal customer base, the company has positioned itself as an established player in the premium fashion segment. With a retail space of over 650 m², a scale that is hard to match, and stable financial performance, the company combines a strong level of recurring revenue with attractive opportunities for further growth.

Distributor of POS and ordering software packages for hospitality and retail businesses in Flanders.

Project Taste is a Michelin-starred restaurant and has been an established fixture on the Belgian coast for over 10 years, a region with a demonstrably strong demand for high-quality fine dining. The restaurant has a highly differentiated positioning within the Belgian fine dining segment and operates at a consistently high occupancy rate.The chef, the beating heart of Taste, will remain on board and intends to continue actively contributing to the restaurant’s further strategic growth.Revenue: ±1.14 million EURNormalized EBITDA: ±250k EUR

Project Medicus operates two separate pharmacies in the province of Antwerp. The pharmacies are managed by two directors, both licensed pharmacists, with over 30 years of experience. Both pharmacies have a loyal and stable customer base and staff.Depending on interest in the real estate, the transaction can be structured as a business asset sale or a share transaction.Revenue: 2.8 million EURNormalized EBITDA: 365k EUR 

Project Orion is an established installation company specializing in sectional doors and loading docks (B2B) located in northern France.