ACTIVE

Ascubel

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Financial year 2025 · closed on 30/06/2025

Net result

176,6 €

+104.9% YoY

Gross margin

200,8 k €

+43.4% YoY

Equity

139,9 k €

+0.1% YoY

Workforce

2,6 ETP

+23.8% YoY

What does Ascubel do?

Ascubel is a Public limited company incorporated in 1971. Its main activity is: Electrical, plumbing and other construction installation activities. Its registered office is in Tielt. It employs on average 2,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0411.906.045

Incorporation

15/12/1971

Legal form

Public limited company

Registered office

Pittemstraat 93
8760 Tielt · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/06/2025

Average workforce

2,6 ETP

Activities (NACE)

43240Electrical, plumbing and other construction installation activities· main 43299Other construction installation 45340Sale of motor vehicle parts and accessories 46499Wholesale of other household goods 46499Wholesale of other household goods 51478Air transport+3

Joint committees (3)

14904
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	200,8 k €	+43.4%	140,1 k €	-18.9%	172,7 k €	+50.7%	114,6 k €	-9.1%	126 k €	-18.7%	154,9 k €	+56.6%	99 k €	+10.9%	89,3 k €	-46.7%	167,5 k €	-4.0%	174,5 k €	+13.4%	153,9 k €	-9.1%	169,3 k €	-4.4%	177,2 k €	+3.3%	171,6 k €	-13.2%	197,8 k €	+8.5%	182,3 k €	-4.5%	191 k €	+57.2%	121,5 k €	-24.1%	160 k €
EBITDA	14,1 k €	+84.2%	7,7 k €	-85.8%	53,8 k €	+531%	8,5 k €	-66.5%	25,5 k €	-50.7%	51,7 k €	+243%	15,1 k €	+187%	-17,3 k €	-128%	62,1 k €	-9.4%	68,6 k €	+5.9%	64,7 k €	-15.8%	76,9 k €	-4.2%	80,3 k €	+11.5%	72 k €	-22.2%	92,5 k €	+19.8%	77,3 k €	+1.7%	75,9 k €	+174%	27,7 k €	-55.8%	62,7 k €
Operating result	1,2 k €	+123%	-5,2 k €	-118%	29,4 k €	+348%	-11,9 k €	-286%	6,4 k €	-69.7%	21,2 k €	+87.4%	11,3 k €	+134%	-33,6 k €	-243%	23,5 k €	+39.7%	16,9 k €	+21.4%	13,9 k €	-46.4%	25,9 k €	+16.6%	22,2 k €	+11.3%	20 k €	-11.7%	22,6 k €	+53.6%	14,7 k €	-0.9%	14,9 k €	+166%	-22,5 k €	-341%	9,3 k €
Net result	176,6 €	+105%	-3,6 k €	-115%	24,1 k €	+263%	-14,8 k €	-6333%	236,7 €	-98.3%	13,7 k €	+106%	6,6 k €	+116%	-40,5 k €	-491%	10,4 k €	+47.2%	7 k €	+171%	2,6 k €	-71.1%	9 k €	+6.3%	8,5 k €	+3615%	228 €	-97.0%	7,7 k €	+472%	1,3 k €	-74.1%	5,2 k €	+203%	1,7 k €	-24.0%	2,3 k €
Balance sheet
Equity	139,9 k €	+0.1%	139,7 k €	-2.5%	143,3 k €	+2.9%	139,2 k €	-9.6%	154 k €	+0.2%	153,7 k €	+9.8%	140 k €	+5.0%	133,4 k €	-23.3%	173,9 k €	+6.3%	163,6 k €	+4.5%	156,5 k €	+1.7%	153,9 k €	+6.2%	144,9 k €	+6.2%	136,5 k €	+0.2%	136,2 k €	+6.0%	128,6 k €	+1.1%	127,2 k €	+4.2%	122 k €	+1.4%	120,3 k €
Total assets	335,7 k €	-3.4%	347,7 k €	-9.8%	385,4 k €	+7.3%	359,1 k €	+9.1%	329,1 k €	-0.1%	329,5 k €	-12.0%	374,2 k €	+15.4%	324,2 k €	-9.7%	359 k €	-0.4%	360,4 k €	-18.1%	440,1 k €	+6.8%	412 k €	-18.9%	508,2 k €	-13.0%	584,1 k €	-11.2%	657,5 k €	-7.9%	713,6 k €	+3.4%	690,3 k €	-13.5%	797,6 k €	+27.0%	628,3 k €
Cash	41,3 k €	-38.5%	67,1 k €	+20.8%	55,6 k €	+101%	27,6 k €	-57.0%	64,2 k €	-16.2%	76,6 k €	+50.1%	51 k €	+16.6%	43,8 k €	+105%	21,4 k €	-29.8%	30,4 k €	-22.8%	39,4 k €	-9.6%	43,6 k €	-19.3%	54 k €	+168%	20,2 k €	-2.0%	20,6 k €	-40.4%	34,6 k €	+25.4%	27,6 k €	-38.7%	45 k €	-44.1%	80,4 k €
Debts	195,9 k €	-5.8%	208 k €	-14.1%	242,2 k €	+10.1%	219,9 k €	+25.5%	175,2 k €	-0.3%	175,7 k €	-25.0%	234,2 k €	+22.7%	190,8 k €	+3.1%	185,1 k €	-5.9%	196,6 k €	-30.7%	283,6 k €	+9.9%	258 k €	-29.0%	363,3 k €	-18.9%	447,6 k €	-14.1%	521,2 k €	-10.8%	584,6 k €	+3.9%	562,4 k €	-16.8%	675,6 k €	+33.0%	508 k €
Other
Workforce	2,6 ETP	+23.8%	2,1 ETP		–		–		1,8 ETP	+5.9%	1,7 ETP	+13.3%	1,5 ETP		–		1,8 ETP	-5.3%	1,9 ETP	+18.7%	1,6 ETP	0.0%	1,6 ETP	0.0%	1,6 ETP	0.0%	1,6 ETP	-23.8%	2,1 ETP	+5.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-9.1%	2,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 14 ended

Active mandates

OTF

Director · since 06 octobre 2023 · until 20 décembre 2029 · 0797.634.067

Represented by Chloe De Clerck

Active

REMHOOGTE

Director · since 06 octobre 2023 · until 20 décembre 2029 · 0797.634.166

Represented by Piet Vanhauwaert

Active

Ended mandates

OTF

Director · since 06 octobre 2023 · 0797.634.067

Represented by Halinka De Clerck

Ended

REMHOOGTE

Director · since 06 octobre 2023 · 0797.634.166

Represented by Piet Vanhauwaert

Ended

Greenworld

Managing director · since 23 novembre 2017 · until 22 novembre 2023 · 0464.762.137

Represented by Halinka De Clerck

Ended

Halinka De Clerck

Director · since 23 novembre 2017 · until 22 novembre 2023

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/12/2025	30/12/2024	20/12/2023	22/12/2022	20/12/2021	25/01/2021
General meeting	20/12/2025	21/12/2024	16/12/2023	17/12/2022	18/12/2021	19/12/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	20/12/2025	26/12/2025	Dutch	PDF
Abridged model	30/06/2024	21/12/2024	30/12/2024	Dutch	PDF
Micro model	30/06/2023	16/12/2023	20/12/2023	Dutch	PDF
Micro model	30/06/2022	17/12/2022	22/12/2022	Dutch	PDF
Abridged model	30/06/2021	18/12/2021	20/12/2021	Dutch	PDF
Abridged model	30/06/2020	19/12/2020	25/01/2021	Dutch	PDF
Abridged model	30/06/2019	21/12/2019	03/02/2020	Dutch	PDF
Micro model	30/06/2018	15/12/2018	28/01/2019	Dutch	PDF
Abridged model	30/06/2017	16/12/2017	30/01/2018	Dutch	PDF
Abridged model	30/06/2016	17/12/2016	22/12/2016	Dutch	PDF
Abridged model	30/06/2015	19/12/2015	25/01/2016	Dutch	PDF
Abridged model	30/06/2014	20/12/2014	22/01/2015	Dutch	PDF
Abridged model	30/06/2013	21/12/2013	21/01/2014	Dutch	PDF
Abridged model	30/06/2012	15/12/2012	17/01/2013	Dutch	PDF
Abridged model	30/06/2011	17/12/2011	31/12/2011	Dutch	PDF
Abridged model	30/06/2010	18/12/2010	28/12/2010	Dutch	PDF
Abridged model	30/06/2009	19/12/2009	27/01/2010	Dutch	PDF
Abridged model	30/06/2008	20/12/2008	22/12/2008	Dutch	PDF
Abridged model	30/06/2007	15/12/2007	20/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 30/06/2025 · 2 active · 14 ended

Active mandates

OTF

Director · since 06 octobre 2023 · until 20 décembre 2029 · 0797.634.067

Represented by Chloe De Clerck

Active

REMHOOGTE

Director · since 06 octobre 2023 · until 20 décembre 2029 · 0797.634.166

Represented by Piet Vanhauwaert

Active

Ended mandates

OTF

Director · since 06 octobre 2023 · 0797.634.067

Represented by Halinka De Clerck

Ended

REMHOOGTE

Director · since 06 octobre 2023 · 0797.634.166

Represented by Piet Vanhauwaert

Ended

Greenworld

Managing director · since 23 novembre 2017 · until 22 novembre 2023 · 0464.762.137

Represented by Halinka De Clerck

Ended

Halinka De Clerck

Director · since 23 novembre 2017 · until 22 novembre 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/11/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares28/07/2014
KAPITAAL - AANDELEN
PDF
Mandates19/12/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/02/2005
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 2025176,6 €↑
2024
Annual accounts 2024-3,6 k €↓
2023
Annual accounts 202324,1 k €↑
2022
Annual accounts 2022-14,8 k €↓
2021
Annual accounts 2021236,7 €↓
2020
Annual accounts 202013,7 k €↑
2019
Annual accounts 20196,6 k €↑
2018
Annual accounts 2018-40,5 k €↓
2017
Annual accounts 201710,4 k €↑
2016
Annual accounts 20167 k €↑
2015
Annual accounts 20152,6 k €↓
2014
Annual accounts 20149 k €↑
2013
Annual accounts 20138,5 k €↑
2012
Annual accounts 2012228 €↓
2011
Annual accounts 20117,7 k €↑
2010
Annual accounts 20101,3 k €↓
2009
Annual accounts 20095,2 k €↑
2008
Annual accounts 20081,7 k €↓
2007
Annual accounts 20072,3 k €
15/12/1971
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

Ascubel

Overview

What does Ascubel do?

Trend over 19 financial years

Indicative valuation

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