ACTIVE

Buhlmann

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Financial year 2025 · closed on 31/12/2025

Net result

37,1 k €

-61.4% YoY

Revenue

9,2 M €

-3.8% YoY

Equity

1,7 M €

+2.3% YoY

Workforce

16,0 ETP

+9.6% YoY

What does Buhlmann do?

Buhlmann is a Public limited company incorporated in 1968. Its registered office is in Zaventem. It employs on average 16,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0401.871.493

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Hermesstraat 2 box C
1930 Zaventem · FlandreSee on map

Contributed capital

1 239 468,00 €

Latest accounts

31/12/2025

Average workforce

16,0 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy 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	9,2 M €	-3.8%	9,5 M €	+8.1%	8,8 M €	+27.1%	6,9 M €	+13.9%	6,1 M €	-27.1%	8,3 M €	-5.7%	8,9 M €	+12.7%	7,9 M €	-2.4%	8 M €	+9.3%	7,4 M €	-20.5%	9,3 M €	+47.4%	6,3 M €	-12.0%	7,1 M €	+23.3%	5,8 M €	-22.1%	7,4 M €	-13.2%	8,6 M €	+4.8%	8,2 M €	-33.0%	12,2 M €	-5.3%	12,9 M €	-14.5%	15,1 M €
EBITDA	219,5 k €	-16.9%	264,2 k €	+9.0%	242,4 k €	-34.2%	368,1 k €	+163%	-586 k €	-61.3%	-363,4 k €	-347%	147,1 k €	+31.1%	112,1 k €	+4.8%	107 k €	-6.0%	113,8 k €	-11.8%	129 k €	-25.3%	172,7 k €	-28.7%	242,4 k €	+171%	89,3 k €	-59.5%	220,4 k €	-34.7%	337,4 k €	+224%	-273,1 k €	-133%	834,7 k €	+266%	227,9 k €	-26.1%	308,5 k €
Operating result	103,8 k €	-39.9%	172,6 k €	+6.8%	161,7 k €	-0.4%	162,4 k €	+125%	-657,6 k €	-38.7%	-474,3 k €	-913%	58,3 k €	+23.2%	47,3 k €	+89.6%	25 k €	-42.7%	43,5 k €	-9.1%	47,9 k €	+72.5%	27,8 k €	-43.9%	49,6 k €	+147%	-105,2 k €	-252%	69,2 k €	-59.1%	169 k €	+133%	-517,3 k €	-182%	632,5 k €	+8062%	-7,9 k €	-109%	90,9 k €
Net result	37,1 k €	-61.4%	96,1 k €	+1.4%	94,8 k €	-22.8%	122,9 k €	+117%	-719,9 k €	-75.5%	-410,2 k €	-1209%	37 k €	+13.7%	32,5 k €	-31.3%	47,4 k €	-5.6%	50,2 k €	-11.2%	56,5 k €	+37.9%	41 k €	-15.6%	48,5 k €	+158%	-84 k €	-250%	56,1 k €	-41.9%	96,6 k €	+126%	-376 k €	-2543%	15,4 k €	-63.5%	42,2 k €	-26.4%	57,3 k €
Balance sheet
Equity	1,7 M €	+2.3%	1,6 M €	+6.2%	1,5 M €	+6.6%	1,4 M €	+9.3%	1,3 M €	-35.3%	2 M €	-16.7%	2,5 M €	+1.5%	2,4 M €	+1.4%	2,4 M €	+2.0%	2,3 M €	+2.2%	2,3 M €	+2.5%	2,2 M €	+1.9%	2,2 M €	+2.3%	2,1 M €	-3.8%	2,2 M €	+2.6%	2,2 M €	+4.7%	2,1 M €	-15.4%	2,4 M €	+0.6%	2,4 M €	+1.8%	2,4 M €
Total assets	3,7 M €	-28.4%	5,2 M €	+13.6%	4,6 M €	-5.0%	4,8 M €	-7.9%	5,2 M €	+13.9%	4,6 M €	-19.3%	5,7 M €	+3.3%	5,5 M €	-7.8%	6 M €	+7.2%	5,6 M €	+24.8%	4,5 M €	-11.4%	5 M €	-8.7%	5,5 M €	+10.5%	5 M €	-1.3%	5,1 M €	-26.2%	6,9 M €	+20.6%	5,7 M €	-29.7%	8,1 M €	+24.7%	6,5 M €	-22.5%	8,4 M €
Cash	491,3 k €	-36.6%	775,2 k €	-0.9%	782,1 k €	+160%	301,3 k €	-42.7%	526,3 k €	-23.2%	685,7 k €	+46.9%	466,9 k €	+240%	137,1 k €	-77.8%	617,3 k €	+108%	296,5 k €	-78.2%	1,4 M €	+8.7%	1,2 M €	+414%	242,9 k €	-66.8%	731,9 k €	-11.9%	830,7 k €	+151%	330,9 k €	-45.9%	611,7 k €	+269%	165,8 k €	-75.1%	666,2 k €	-4.4%	696,9 k €
Debts	2 M €	-42.6%	3,5 M €	+17.5%	3 M €	-9.9%	3,4 M €	-13.9%	3,9 M €	+53.4%	2,5 M €	-21.3%	3,2 M €	+4.6%	3,1 M €	-13.8%	3,6 M €	+10.9%	3,2 M €	+48.6%	2,2 M €	-22.5%	2,8 M €	-15.7%	3,3 M €	+16.7%	2,8 M €	+0.6%	2,8 M €	-39.6%	4,7 M €	+29.6%	3,6 M €	-35.8%	5,6 M €	+39.3%	4 M €	-32.3%	6 M €
Other
Workforce	16,0 ETP	+9.6%	14,6 ETP	+1.4%	14,4 ETP	-4.0%	15,0 ETP	-12.3%	17,1 ETP	+0.6%	17,0 ETP	+6.3%	16,0 ETP	+23.1%	13,0 ETP	0.0%	13,0 ETP	-0.8%	13,1 ETP	+2.3%	12,8 ETP	+15.3%	11,1 ETP	-9.0%	12,2 ETP	+0.8%	12,1 ETP	-5.5%	12,8 ETP	-26.0%	17,3 ETP	-35.4%	26,8 ETP	-11.3%	30,2 ETP	-4.4%	31,6 ETP	+10.5%	28,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 16 ended

Active mandates

4 B 2 B CONSULTING

Mandate · 0473.673.764

Active

Alain Flausch

Mandate

Active

Brice Steven Simon Bühlmann

Managing director

Active

INDUSTRIAL CONSULTANCY AND MANAGEMENT

Mandate · 0462.310.710

Active

LUC OLIVIER BUHLMANN

Mandate

Active

Ended mandates

CLAUDE JACQMIN

Director · since 30 septembre 2014

Ended

4 B 2 B CONSULTING

Mandate · 0473.673.764

Represented by DANIEL BRISMEE

Ended

4 B 2 B CONSULTING

Director · 0473.673.764

Represented by DANIEL BRISMEE

Ended

4 B 2 B CONSULTING

Mandate · 0473.673.764

Represented by DANIEL BRISMEE

Ended

At this address

Other companies at this address

Company	CBE no.
Imo● Active	0406.503.046
STB● Active	0861.845.097
THERMALPLUG● Active	0846.098.039

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	12/06/2026	19/06/2025	04/07/2024	27/06/2023	24/06/2022	22/06/2021
General meeting	29/05/2026	06/06/2025	19/06/2024	23/06/2023	16/06/2022	27/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/05/2026	12/06/2026	Dutch	PDF
Full model	31/12/2024	06/06/2025	19/06/2025	Dutch	PDF
Full model	31/12/2023	19/06/2024	04/07/2024	Dutch	PDF
Full model	31/12/2022	23/06/2023	27/06/2023	Dutch	PDF
Full model	31/12/2021	16/06/2022	24/06/2022	Dutch	PDF
Full model	31/12/2020	27/05/2021	22/06/2021	Dutch	PDF
Full model	31/12/2019	31/12/2019	07/08/2020	Dutch	PDF
Full model	31/12/2018	14/06/2019	05/07/2019	Dutch	PDF
Full model	31/12/2017	05/07/2018	26/07/2018	French	PDF
Full model	31/12/2016	09/06/2017	03/07/2017	Dutch	PDF
Full model	31/12/2015	10/06/2016	07/07/2016	Dutch	PDF
Full model	31/12/2014	12/06/2015	03/07/2015	Dutch	PDF
Full model	31/12/2013	13/06/2014	07/07/2014	Dutch	PDF
Full model	31/12/2012	14/06/2013	02/07/2013	Dutch	PDF
Full model	31/12/2011	08/06/2012	03/07/2012	Dutch	PDF
Full model	31/12/2010	10/06/2011	30/06/2011	Dutch	PDF
Full model	31/12/2009	11/06/2010	07/07/2010	Dutch	PDF
Full model	31/12/2008	12/06/2009	07/07/2009	Dutch	PDF
Full model	31/12/2007	13/06/2008	03/07/2008	Dutch	PDF
Full modelCorrection	31/12/2006	27/05/2007	04/09/2007	Dutch	PDF
Full model	31/12/2006	27/05/2007	22/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 · 5 active · 16 ended

Active mandates

4 B 2 B CONSULTING

Mandate · 0473.673.764

Active

Alain Flausch

Mandate

Active

Brice Steven Simon Bühlmann

Managing director

Active

INDUSTRIAL CONSULTANCY AND MANAGEMENT

Mandate · 0462.310.710

Active

LUC OLIVIER BUHLMANN

Mandate

Active

Ended mandates

CLAUDE JACQMIN

Director · since 30 septembre 2014

Ended

4 B 2 B CONSULTING

Mandate · 0473.673.764

Represented by DANIEL BRISMEE

Ended

4 B 2 B CONSULTING

Director · 0473.673.764

Represented by DANIEL BRISMEE

Ended

4 B 2 B CONSULTING

Mandate · 0473.673.764

Represented by DANIEL BRISMEE

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other03/07/2026
—
PDF
Mandates13/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2021
DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates24/01/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/11/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/12/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/11/2015
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202537,1 k €↓
2024
Annual accounts 202496,1 k €↑
2023
Annual accounts 202394,8 k €↓
2022
Annual accounts 2022122,9 k €↑
2021
Annual accounts 2021-719,9 k €↓
2020
Annual accounts 2020-410,2 k €↓
2019
Annual accounts 201937 k €↑
2018
Annual accounts 201832,5 k €↓
2017
Annual accounts 201747,4 k €↓
2016
Annual accounts 201650,2 k €↓
2015
Annual accounts 201556,5 k €↑
2014
Annual accounts 201441 k €↓
2013
Annual accounts 201348,5 k €↑
2012
Annual accounts 2012-84 k €↓
2011
Annual accounts 201156,1 k €↓
2010
Annual accounts 201096,6 k €↑
2009
Annual accounts 2009-376 k €↓
2008
Annual accounts 200815,4 k €↓
2007
Annual accounts 200742,2 k €↓
2006
Annual accounts 200657,3 k €
01/01/1968
IncorporationPublic limited company

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

Buhlmann

Overview

What does Buhlmann do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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