ACTIVE

GULFCOM EUROPE

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Financial year 2025 · Closed on 31/12/2025

Net result106,3 k €-9,4 %over 1 year
Revenue630 k €+111,5 %over 1 year
Equity1,1 M €+0,6 %over 1 year

Identity

Source · BCE/KBO

GULFCOM EUROPE is a Public limited company incorporated in 1983. Its registered office is in Gent.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0423.769.640
Incorporation
21/03/1983
Legal form
Public limited company
Registered office
Pauline Van Pottelsberghelaan 22
9051 Gent · FlandreSee on map
Contributed capital
1 001 489,84 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 23 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue630 k €297,8 k €234,2 k €394,1 k €210,5 k €
EBITDA142 k €158,8 k €118,3 k €226,7 k €82,7 k €
Operating result142 k €158,8 k €118,3 k €226,7 k €82,7 k €
Net result106,3 k €117,3 k €87,7 k €166,8 k €49,9 k €
Balance sheet
Equity1,1 M €1,1 M €1,1 M €1,2 M €1,4 M €
Total assets1,2 M €1,2 M €1,3 M €1,6 M €1,5 M €
Cash52,7 k €502,5 k €506 k €603,7 k €374 k €
Debts122,9 k €129,1 k €246,6 k €344,5 k €109,6 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 22 ended

Active mandates

ERTVELD

Managing director · since 28 juin 2021 · until 26 mai 2027 · 0437.825.930

Represented by Danielle Bostoen

Active
Isabelle Crul

Managing director · since 28 juin 2021 · until 26 mai 2027

Active
LATEMWAARTS

Director · since 28 juin 2021 · until 26 mai 2027 · 0454.971.966

Represented by Stephan Bostoen

Active
Paco Crul

Director · since 28 juin 2021 · until 26 mai 2027

Active

Ended mandates

ERTVELD

Managing director · since 26 juin 2015 · until 26 mai 2021 · 0437.825.930

Represented by Danielle Bostoen

Ended
ERTVELD

Managing director · since 26 juin 2015 · until 26 juin 2021 · 0437.825.930

Represented by Danielle Bostoen

Ended
ERTVELD

Managing director · since 26 juin 2015 · until 28 juin 2021 · 0437.825.930

Represented by Danielle Bostoen

Ended
Isabelle Crul

Managing director · since 26 juin 2015 · until 26 mai 2021

Ended

Other companies at this address

Pauline Van Pottelsberghelaan 22 9051 Gent
CompanyCBE no.
Bostoen Group● Active
0437.878.289
Bouw Francis Bostoen● Active
0413.059.454
ILLINOIS● Active
0452.044.942
Immobiliën Francis Bostoen● Active
0415.235.719
NATUURSTEEN CRUL● Liquidation
0431.950.403
Noorweegse Kaai● Active
0862.398.393
PLUS HOME CONCEPT STORE● Active
0847.468.808
VEKABO● Active
0879.032.410

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/07/202627/08/202511/07/202411/07/202308/07/202208/07/2021
General meeting30/06/202625/06/202525/06/202427/06/202330/06/202228/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 23 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202603/07/2026DutchPDF
Full modelCorrection31/12/202425/06/202527/08/2025DutchPDF
Full model31/12/202425/06/202517/07/2025DutchPDF
Full model31/12/202325/06/202411/07/2024DutchPDF
Full model31/12/202227/06/202311/07/2023DutchPDF
Full model31/12/202130/06/202208/07/2022DutchPDF
Full model31/12/202028/06/202108/07/2021DutchPDF
Full model31/12/201930/06/202015/07/2020DutchPDF
Full model31/12/201825/06/201909/07/2019DutchPDF
Full model31/12/201729/06/201817/09/2018DutchPDF
Full model31/12/201606/06/201706/07/2017DutchPDF
Full modelCorrection31/12/201527/06/201614/09/2016DutchPDF
Full model31/12/201527/06/201614/07/2016DutchPDF
Full model31/12/201426/06/201510/07/2015DutchPDF
Full model31/12/201327/06/201424/07/2014DutchPDF
Full model31/12/201228/06/201319/07/2013DutchPDF
Full model31/12/201118/09/201226/09/2012DutchPDF
Full modelCorrection31/12/201029/06/201131/08/2011DutchPDF
Full model31/12/201029/06/201116/08/2011DutchPDF
Full model31/12/200929/06/201016/08/2010DutchPDF
Full model31/12/200807/08/200931/08/2009DutchPDF
Full model31/12/200717/06/200825/07/2008DutchPDF
Abridged model30/06/200629/12/200624/01/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 22 ended

Active mandates

ERTVELD

Managing director · since 28 juin 2021 · until 26 mai 2027 · 0437.825.930

Represented by Danielle Bostoen

Active
Isabelle Crul

Managing director · since 28 juin 2021 · until 26 mai 2027

Active
LATEMWAARTS

Director · since 28 juin 2021 · until 26 mai 2027 · 0454.971.966

Represented by Stephan Bostoen

Active
Paco Crul

Director · since 28 juin 2021 · until 26 mai 2027

Active

Ended mandates

ERTVELD

Managing director · since 26 juin 2015 · until 26 mai 2021 · 0437.825.930

Represented by Danielle Bostoen

Ended
ERTVELD

Managing director · since 26 juin 2015 · until 26 juin 2021 · 0437.825.930

Represented by Danielle Bostoen

Ended
ERTVELD

Managing director · since 26 juin 2015 · until 28 juin 2021 · 0437.825.930

Represented by Danielle Bostoen

Ended
Isabelle Crul

Managing director · since 26 juin 2015 · until 26 mai 2021

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Capital / shares13/05/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates09/03/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/05/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/12/2021
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/07/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office27/12/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates30/05/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/12/2015
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025106,3 k €↓
  2. 2024
    Annual accounts 2024117,3 k €↑
  3. 2023
    Annual accounts 202387,7 k €↓
  4. 2022
    Annual accounts 2022166,8 k €↑
  5. 2021
    Annual accounts 202149,9 k €↑
  6. 2020
    Annual accounts 202039,1 k €↓
  7. 2019
    Annual accounts 2019159,5 k €↓
  8. 2018
    Annual accounts 2018383 k €↓
  9. 2017
    Annual accounts 2017454,9 k €↓
  10. 2016
    Annual accounts 2016671,7 k €↑
  11. 2015
    Annual accounts 2015-129,6 k €↑
  12. 2014
    Annual accounts 2014-151,7 k €↓
  13. 2013
    Annual accounts 2013431,6 k €↑
  14. 2012
    Annual accounts 2012141,5 k €↓
  15. 2011
    Annual accounts 2011198,7 k €↓
  16. 2010
    Annual accounts 2010528,1 k €↓
  17. 2009
    Annual accounts 20091,1 M €↑
  18. 2007
    Annual accounts 2007292 k €
  19. 21/03/1983
    IncorporationPublic limited company