NORMAL SITUATION

Culligan

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Financial year 2025 · closed on 31/12/2025

Net result

45,5 k €

+111.5% YoY

Revenue

2,6 M €

+19.2% YoY

Equity

14,8 M €

+0.3% YoY

Workforce

25,2 ETP

+11.0% YoY

Company — Normal situation.

What does Culligan do?

Culligan is a company registered in Belgium. It employs on average 25,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0400.624.153

Legal form

Public limited company

Contributed capital

5 503 236,00 €

Latest accounts

31/12/2025

Average workforce

25,2 ETP

Joint committees (3)

14904
200
218

Signals

ProfitableSolid equityGood liquidityHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	2,6 M €	+19.2%	2,2 M €	+3.0%	2,1 M €	+8.9%	1,9 M €	-11.7%	2,2 M €	-83.0%	12,9 M €	-8.3%	14,1 M €	-1.3%	14,3 M €	+3.6%	13,8 M €	+5.2%	13,1 M €	+4.3%	12,5 M €	+1.0%	12,4 M €	+1.9%	12,2 M €	+1.0%	12,1 M €	-0.5%	12,1 M €	-0.7%	12,2 M €	-0.1%	12,2 M €	-7.7%	13,2 M €	+8.9%	12,2 M €	-6.2%	13 M €
EBITDA	-556,5 k €	-72.0%	-323,6 k €	+65.4%	-934,3 k €	-42.1%	-657,4 k €	-214%	-209,3 k €	-109%	2,3 M €	-0.6%	2,3 M €	+12.2%	2,1 M €	-38.1%	3,4 M €	+169%	1,2 M €	+21.7%	1 M €	-12.8%	1,2 M €	+23.6%	952,1 k €	+17.4%	810,9 k €	-18.7%	997,5 k €	-36.6%	1,6 M €	+47.3%	1,1 M €	-39.1%	1,8 M €	+25.8%	1,4 M €	-38.8%	2,3 M €
Operating result	-343,4 k €	+11.3%	-387,3 k €	+59.9%	-964,9 k €	-49.9%	-643,5 k €	-107%	-310,7 k €	-130%	1 M €	-5.4%	1,1 M €	+41.7%	764,6 k €	-64.6%	2,2 M €	+760%	251,4 k €	+290%	64,5 k €	+65.0%	39,1 k €	+130%	-129,4 k €	+50.5%	-261,7 k €	-826%	-28,3 k €	-105%	569,5 k €	+488%	96,8 k €	-88.7%	856 k €	+216%	271,2 k €	-79.1%	1,3 M €
Net result	45,5 k €	+112%	-395,4 k €	+73.5%	-1,5 M €	-524%	351,6 k €	+122%	158,6 k €	-87.0%	1,2 M €	-0.2%	1,2 M €	+27.2%	960,1 k €	-47.2%	1,8 M €	+239%	536,1 k €	+77.5%	302 k €	+43.4%	210,6 k €	-26.1%	284,8 k €	+193%	-306,9 k €	-215%	267,6 k €	-53.9%	580,5 k €	+22.5%	473,9 k €	-44.5%	853,6 k €	+157%	332,5 k €	-53.2%	710,4 k €
Balance sheet
Equity	14,8 M €	+0.3%	14,7 M €	-2.6%	15,1 M €	-9.0%	16,6 M €	+2.2%	16,3 M €	+1.0%	16,1 M €	+8.2%	14,9 M €	+8.9%	13,7 M €	+7.6%	12,7 M €	+16.7%	10,9 M €	+5.2%	10,3 M €	+3.0%	10 M €	+2.1%	9,8 M €	+3.0%	9,5 M €	-3.1%	9,9 M €	+2.8%	9,6 M €	+6.4%	9 M €	+5.6%	8,5 M €	+11.1%	7,7 M €	+4.5%	7,3 M €
Total assets	17,3 M €	+1.2%	17,1 M €	+6.8%	16 M €	-10.4%	17,8 M €	-3.1%	18,4 M €	-31.3%	26,7 M €	+4.9%	25,5 M €	+7.7%	23,7 M €	+4.2%	22,7 M €	+8.6%	20,9 M €	+3.6%	20,2 M €	+2.6%	19,7 M €	+7.3%	18,3 M €	-0.1%	18,4 M €	+1.1%	18,1 M €	+4.1%	17,4 M €	+4.3%	16,7 M €	+6.4%	15,7 M €	+4.3%	15,1 M €	+15.2%	13,1 M €
Cash	66,3 k €	-60.1%	165,9 k €	-13.2%	191 k €	+30.9%	145,9 k €	-66.0%	428,6 k €	-65.0%	1,2 M €	+112%	577 k €	-0.3%	578,5 k €	-30.5%	832,4 k €	+82.5%	456,1 k €	-13.6%	527,9 k €	+200%	175,8 k €	-77.2%	770,5 k €	+190%	265,8 k €	+72.0%	154,5 k €	-66.3%	458 k €	-31.2%	665,5 k €	+6.9%	622,6 k €	+39.2%	447,3 k €	-53.6%	964,3 k €
Debts	2,5 M €	+20.3%	2 M €	+277%	541,4 k €	-11.9%	614,4 k €	-59.9%	1,5 M €	-77.6%	6,8 M €	+3.5%	6,6 M €	+9.4%	6 M €	-4.0%	6,3 M €	-5.8%	6,7 M €	-2.0%	6,8 M €	+1.1%	6,7 M €	+15.8%	5,8 M €	-3.7%	6 M €	-1.1%	6,1 M €	+6.6%	5,7 M €	+0.9%	5,7 M €	+5.1%	5,4 M €	-4.3%	5,7 M €	+5.0%	5,4 M €
Other
Workforce	25,2 ETP	+11.0%	22,7 ETP	-1.3%	23,0 ETP	+21.1%	19,0 ETP	-13.6%	22,0 ETP	-75.9%	91,4 ETP	+1.2%	90,3 ETP	-5.9%	96,0 ETP	+2.8%	93,4 ETP	-1.4%	94,7 ETP	-5.2%	99,9 ETP	+5.7%	94,5 ETP	+1.1%	93,5 ETP	+2.2%	91,5 ETP	-2.2%	93,6 ETP	-2.5%	96,0 ETP	+10.3%	87,0 ETP	-2.2%	89,0 ETP	-6.7%	95,4 ETP	+6.0%	90,0 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 33 ended

Active mandates

Filip De Bie

Director · since 01 janvier 2026 · until 31 décembre 2025

Active

Chris DOOMS

Director · since 12 avril 2021 · until 31 décembre 2025

Active

Ended mandates

Filip De Bie

Director · since 01 juillet 2024

Ended

Olaf Whillhelm

Director · since 01 novembre 2022 · until 01 juillet 2024

Ended

Olaf Willhelm

Director · since 01 novembre 2022 · until 01 novembre 2028

Ended

Bart VANRENTERGHEM

Director · since 12 avril 2021 · until 22 juin 2027

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	07/08/2026	03/09/2025	17/10/2024	26/10/2023	10/11/2022	08/07/2021
General meeting	31/07/2026	29/08/2025	08/10/2024	06/10/2023	09/11/2022	30/06/2021
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

53 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	31/07/2026	07/08/2026	French	PDF
Full model	31/12/2024	29/08/2025	03/09/2025	French	PDF
Full model	31/12/2023	08/10/2024	17/10/2024	Dutch	PDF
Full model	31/12/2022	06/10/2023	26/10/2023	Dutch	PDF
Full model	31/12/2021	09/11/2022	10/11/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	08/07/2021	Dutch	PDF
Full modelCorrection	31/12/2019	11/09/2020	02/11/2020	Dutch	PDF
Full modelCorrection	31/12/2019	11/09/2020	21/10/2020	Dutch	PDF
Full model	31/12/2019	11/09/2020	29/09/2020	Dutch	PDF
Full model	31/12/2018	13/09/2019	09/10/2019	Dutch	PDF
Full modelCorrection	31/12/2017	29/10/2018	09/10/2019	Dutch	PDF
Full model	31/12/2017	29/10/2018	16/01/2019	Dutch	PDF
Full model	31/12/2016	30/09/2017	13/03/2018	Dutch	PDF
Full model	31/12/2015	12/09/2016	31/10/2016	Dutch	PDF
Full model	31/12/2014	15/12/2015	29/12/2015	Dutch	PDF
Full model	31/12/2013	12/09/2014	06/11/2014	Dutch	PDF
Full model	31/12/2012	25/06/2013	26/09/2013	Dutch	PDF
Full model	31/12/2011	26/06/2012	30/08/2012	Dutch	PDF
Full modelCorrection	31/12/2010	28/06/2011	17/01/2012	Dutch	PDF
Full model	31/12/2010	28/06/2011	30/08/2011	Dutch	PDF
Full model	31/12/2009	22/06/2010	17/08/2010	Dutch	PDF
Full modelCorrection	31/12/2008	01/09/2009	17/08/2010	Dutch	PDF
Full model	31/12/2008	01/09/2009	31/10/2009	Dutch	PDF
Full model	31/12/2007	03/10/2008	17/11/2008	Dutch	PDF

View all 53 filings

Estimate

Indicative valuation

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 · 2 active · 33 ended

Active mandates

Filip De Bie

Director · since 01 janvier 2026 · until 31 décembre 2025

Active

Chris DOOMS

Director · since 12 avril 2021 · until 31 décembre 2025

Active

Ended mandates

Filip De Bie

Director · since 01 juillet 2024

Ended

Olaf Whillhelm

Director · since 01 novembre 2022 · until 01 juillet 2024

Ended

Olaf Willhelm

Director · since 01 novembre 2022 · until 01 novembre 2028

Ended

Bart VANRENTERGHEM

Director · since 12 avril 2021 · until 22 juin 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution19/01/2026
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring17/11/2025
Projet conjoint de fusion
PDF
Mandates07/07/2025
Renouvellement mandat du commissaire - procuration
PDF
Registered office14/03/2025
MAATSCHAPPELIJKE ZETEL, STATUTEN (VERTALING,
PDF
Registered office14/03/2025
MAATSCHAPPELIJKE ZETEL, STATUTEN (VERTALING,
PDF
Other30/09/2024
STATUTEN (VERTALING, COORDINATIE, OVERIGE
PDF
Mandates06/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/11/2022
ONTSLAGEN - BENOEMINGEN
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 202545,5 k €↑
2024
Annual accounts 2024-395,4 k €↑
2023
Annual accounts 2023-1,5 M €↓
2022
Annual accounts 2022351,6 k €↑
2021
Annual accounts 2021158,6 k €↓
2020
Annual accounts 20201,2 M €↓
2019
Annual accounts 20191,2 M €↑
2018
Annual accounts 2018960,1 k €↓
2017
Annual accounts 20171,8 M €↑
2016
Annual accounts 2016536,1 k €↑
2015
Annual accounts 2015302 k €↑
2014
Annual accounts 2014210,6 k €↓
2013
Annual accounts 2013284,8 k €↑
2012
Annual accounts 2012-306,9 k €↓
2011
Annual accounts 2011267,6 k €↓
2010
Annual accounts 2010580,5 k €↑
2009
Annual accounts 2009473,9 k €↓
2008
Annual accounts 2008853,6 k €↑
2007
Annual accounts 2007332,5 k €↓
2006
Annual accounts 2006710,4 k €

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

Culligan

Overview

What does Culligan do?

Trend over 20 financial years

Board of directors

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