ACTIVE

FLUITEC

Financial year 2024 · closed on 31/12/2024
Net result
1,5 M €
+196.8% YoY
Gross margin
1,2 M €
-61.1% YoY
Equity
5 M €
+42.2% YoY
Workforce
1,4 ETP
-12.5% YoY

What does FLUITEC do?

FLUITEC is a Public limited company incorporated in 1946. Its main activity is: Installation of industrial machinery and equipment. Its registered office is in Ixelles. It employs on average 1,4 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0405.757.433
Incorporation
21/01/1946
Legal form
Public limited company
Registered office
Avenue Louise 367
1050 Ixelles · BruxellesSee on map
Contributed capital
2 744 750,00 €
Latest accounts
31/12/2024
Average workforce
1,4 ETP
Joint committees (3)
  • 100
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20242023202220212018201720162015201420132012201120102010200920082007
Income statement
Gross margin1,2 M €3 M €3,6 M €3 M €175,9 k €476,1 k €1 M €97,8 k €655,5 k €506,9 k €463,3 k €746,5 k €132,2 k €84 k €-101,9 k €240,3 k €31,7 k €
EBITDA969 k €623,3 k €1,2 M €851,7 k €-117,2 k €93,4 k €616,9 k €-226 k €318,5 k €-148,8 k €-458,4 k €124,9 k €-388,7 k €-219,3 k €-270,1 k €99,3 k €-96,6 k €
Operating result963,5 k €618 k €1,2 M €831,8 k €-117,2 k €93,4 k €687,9 k €-231,6 k €272,7 k €-160 k €-474,9 k €107,6 k €-410,6 k €-241,9 k €-278,5 k €92,6 k €-355,1 k €
Net result1,5 M €502,7 k €1,5 M €730,3 k €-272,8 k €26,6 k €-1,5 M €-3 M €-951,1 k €-1,4 M €-5,1 M €-1,6 M €-2,1 M €-1,6 M €-2,2 M €99,7 k €-99,6 k €
Balance sheet
Equity5 M €3,5 M €3 M €828,1 k €-495,3 k €-222,5 k €-249,2 k €-9,6 M €-6,7 M €-5,7 M €-4,4 M €715,3 k €-1,9 M €-1 M €-1,8 M €407,7 k €307,9 k €
Total assets6,7 M €7,4 M €7,8 M €6,3 M €1,3 M €1,1 M €1,1 M €326,2 k €698,7 k €682,4 k €1,9 M €1,2 M €601 k €1 M €1,3 M €1,2 M €428,6 k €
Cash371,3 k €15,8 k €676,8 k €145,2 k €22,3 k €55,7 k €219,6 k €16,9 k €37,9 k €28,1 k €1,2 M €466,7 k €66,8 k €101,8 k €67,1 k €2,5 k €18,6 k €
Debts1,6 M €3,7 M €4,7 M €5,4 M €1,8 M €1,2 M €1,3 M €10 M €7,4 M €6 M €6,1 M €501,6 k €2,4 M €2,1 M €3,1 M €752,6 k €120,6 k €
Other
Workforce1,4 ETP1,6 ETP1,6 ETP1,6 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,4 ETP3,4 ETP6,8 ETP4,2 ETP5,8 ETP3,0 ETP2,1 ETP1,3 ETP1,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 6 active · 54 ended

Active mandates

Andrew Piers

Director · since 09 novembre 2022 · until 10 avril 2026

Active
Bruno Annicq

Director · since 09 novembre 2022

Active
Pierre Vanderkelen

Director · since 09 novembre 2022 · until 09 avril 2027

Active
Susan Akiko Thiel

Director · since 09 novembre 2022 · until 10 avril 2026

Active
Arild Nerdrum

Director · since 22 août 2015 · until 09 avril 2027

Active
Jan Harm Musters

Director · since 22 août 2015 · until 09 avril 2027

Active

Ended mandates

Piers Andrew

Director · since 09 novembre 2022

Ended
André Annicq

Managing director · since 27 octobre 2021 · until 09 avril 2027

Ended
Arild Nedrum

Director · since 27 octobre 2021 · until 09 avril 2027

Ended
Jan Harm Musters

Director · since 27 octobre 2021 · until 09 avril 2027

Ended
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Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/08/202514/06/202416/10/202321/10/202202/11/202108/12/2020
General meeting11/04/202518/05/202413/10/202314/10/202228/10/202130/11/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202411/04/202522/08/2025DutchPDF
Abridged model31/12/202318/05/202414/06/2024DutchPDF
Abridged model31/12/202213/10/202316/10/2023DutchPDF
Abridged model31/12/202114/10/202221/10/2022DutchPDF
Abridged model31/12/202028/10/202102/11/2021DutchPDF
Abridged model31/12/201930/11/202008/12/2020DutchPDF
Abridged model31/12/201819/11/202008/12/2020DutchPDF
Abridged model31/12/201718/12/201816/06/2020DutchPDF
Abridged model31/12/201614/12/201730/01/2018DutchPDF
Abridged model31/12/201523/09/201620/12/2016DutchPDF
Abridged model31/12/201421/08/201530/09/2015DutchPDF
Abridged model31/12/201330/06/201418/09/2014DutchPDF
Abridged model31/12/201224/04/201319/08/2013DutchPDF
Abridged model31/12/201131/05/201221/08/2012DutchPDF
Abridged model31/12/201008/04/201129/07/2011DutchPDF
Abridged model31/03/201027/09/201016/11/2010DutchPDF
Abridged model31/03/200930/09/200928/10/2009DutchPDF
Abridged model31/03/200802/07/200824/07/2008DutchPDF
Abridged model31/03/200701/06/200712/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2024 · 6 active · 54 ended

Active mandates

Andrew Piers

Director · since 09 novembre 2022 · until 10 avril 2026

Active
Bruno Annicq

Director · since 09 novembre 2022

Active
Pierre Vanderkelen

Director · since 09 novembre 2022 · until 09 avril 2027

Active
Susan Akiko Thiel

Director · since 09 novembre 2022 · until 10 avril 2026

Active
Arild Nerdrum

Director · since 22 août 2015 · until 09 avril 2027

Active
Jan Harm Musters

Director · since 22 août 2015 · until 09 avril 2027

Active

Ended mandates

Piers Andrew

Director · since 09 novembre 2022

Ended
André Annicq

Managing director · since 27 octobre 2021 · until 09 avril 2027

Ended
Arild Nedrum

Director · since 27 octobre 2021 · until 09 avril 2027

Ended
Jan Harm Musters

Director · since 27 octobre 2021 · until 09 avril 2027

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates18/11/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares22/09/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Capital / shares05/06/2024
    KAPITAAL - AANDELEN
    PDF
  • Other14/09/2023
    DOEL
    PDF
  • Mandates22/03/2023
    ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other17/06/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Capital / shares25/05/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Capital / shares20/05/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    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

Timeline

  1. 2024
    Annual accounts 20241,5 M €
  2. 2023
    Annual accounts 2023502,7 k €
  3. 2022
    Annual accounts 20221,5 M €
  4. 2021
    Annual accounts 2021730,3 k €
  5. 2018
    Annual accounts 2018-272,8 k €
  6. 2017
    Annual accounts 201726,6 k €
  7. 2016
    Annual accounts 2016-1,5 M €
  8. 2015
    Annual accounts 2015-3 M €
  9. 2014
    Annual accounts 2014-951,1 k €
  10. 2013
    Annual accounts 2013-1,4 M €
  11. 2012
    Annual accounts 2012-5,1 M €
  12. 2011
    Annual accounts 2011-1,6 M €
  13. 2010
    Annual accounts 2010-2,1 M €
  14. 2010
    Annual accounts 2010-1,6 M €
  15. 2009
    Annual accounts 2009-2,2 M €
  16. 2008
    Annual accounts 200899,7 k €
  17. 2007
    Annual accounts 2007-99,6 k €
  18. 21/01/1946
    IncorporationPublic limited company