ACTIVE

URBAIN BULTINCK

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Financial year 2025 · closed on 31/12/2025

Net result

-1,7 M €

-40.2% YoY

Gross margin

459,5 k €

-24.0% YoY

Equity

14,2 M €

-10.4% YoY

Workforce

9,1 ETP

-1.1% YoY

What does URBAIN BULTINCK do?

URBAIN BULTINCK is a Private limited company incorporated in 1984. Its registered office is in Gent. It employs on average 9,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.319.453

Incorporation

09/10/1984

Legal form

Private limited company

Registered office

Stapelplein 70 box 100
9000 Gent · FlandreSee on map

Contributed capital

11 219 846,34 €

Latest accounts

31/12/2025

Average workforce

9,1 ETP

Joint committees (4)

100
218
323
32300

Signals

Healthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	459,5 k €	-24.0%	604,2 k €	-33.2%	905,2 k €	-82.9%	5,3 M €	+7.8%	4,9 M €	+583%	720 k €	-19.4%	893,8 k €	+26.2%	708 k €	-56.6%	1,6 M €	+79.7%	908 k €	+59.4%	569,6 k €	-36.3%	894,7 k €	+33.4%	670,8 k €	+24.5%	539 k €	+14.9%	469 k €	+0.4%	467,2 k €	+22.2%	382,2 k €	-32.4%	565,3 k €
EBITDA	-260,1 k €	-464%	71,4 k €	-84.2%	451,8 k €	-89.2%	4,2 M €	-6.0%	4,4 M €	+16809%	26,3 k €	-95.6%	597,1 k €	+67.2%	357,2 k €	-61.9%	938,1 k €	+61.8%	579,8 k €	+116%	268,7 k €	-57.6%	634,1 k €	+16.7%	543,3 k €	+102%	269,3 k €	-25.0%	359 k €	-22.7%	464,4 k €	+38.4%	335,6 k €	-34.2%	510,2 k €
Operating result	-1,1 M €	-88.2%	-566,3 k €	-817%	-61,8 k €	-102%	3,6 M €	-2.4%	3,7 M €	+571%	-782,9 k €	-252%	-222,6 k €	+36.1%	-348,2 k €	-166%	531 k €	+378%	111,2 k €	+153%	-210,2 k €	-207%	197 k €	+10.6%	178,1 k €	+173%	65,2 k €	-43.4%	115,2 k €	-45.8%	212,7 k €	+95.1%	109 k €	+24.2%	87,8 k €
Net result	-1,7 M €	-40.2%	-1,2 M €	-63.5%	-722,4 k €	-134%	2,1 M €	-25.9%	2,9 M €	+325%	-1,3 M €	-147%	-515,5 k €	+9.9%	-572,1 k €	-216%	493,2 k €	+1040%	-52,4 k €	+86.8%	-396,3 k €	+17.4%	-479,6 k €	-1812%	-25,1 k €	-155%	-9,8 k €	+62.5%	-26,3 k €	+76.8%	-113,4 k €	+33.6%	-170,8 k €	-157%	301,5 k €
Balance sheet
Equity	14,2 M €	-10.4%	15,9 M €	+3.8%	15,3 M €	-4.5%	16 M €	+15.2%	13,9 M €	+21.2%	11,5 M €	-10.0%	12,7 M €	-3.9%	13,3 M €	+15.1%	11,5 M €	+4.5%	11 M €	-0.5%	11,1 M €	-3.5%	11,5 M €	+216%	3,6 M €	-0.7%	3,7 M €	-3.6%	3,8 M €	-0.7%	3,8 M €	-2.9%	3,9 M €	-4.2%	4,1 M €
Total assets	52,5 M €	-6.4%	56 M €	+8.1%	51,8 M €	+6.6%	48,6 M €	+12.4%	43,2 M €	+0.6%	43 M €	+0.2%	42,9 M €	+2.5%	41,8 M €	+17.5%	35,6 M €	+1.0%	35,2 M €	+0.3%	35,1 M €	+5.2%	33,4 M €	+40.1%	23,8 M €	+26.5%	18,8 M €	-0.9%	19 M €	+6.2%	17,9 M €	+3.4%	17,3 M €	+11.7%	15,5 M €
Cash	104,7 k €	-84.5%	674 k €	-67.7%	2,1 M €	+104%	1 M €	+62.2%	629,7 k €	+1840%	32,5 k €	-17.1%	39,2 k €	-87.5%	313,2 k €	+65.5%	189,3 k €	+932%	18,3 k €	+104%	9 k €	-57.2%	21 k €	-1.2%	21,3 k €	+100%	10,6 k €	+28.1%	8,3 k €	-43.9%	14,8 k €	-41.2%	25,1 k €	+118%	11,5 k €
Debts	35,1 M €	-3.9%	36,5 M €	+12.0%	32,6 M €	+12.8%	28,9 M €	+6.4%	27,2 M €	-6.7%	29,1 M €	+4.1%	27,9 M €	+6.7%	26,2 M €	+18.3%	22,1 M €	-2.3%	22,7 M €	+0.7%	22,5 M €	+11.9%	20,1 M €	+6.6%	18,9 M €	+39.2%	13,5 M €	-0.4%	13,6 M €	+9.6%	12,4 M €	+7.2%	11,6 M €	+22.1%	9,5 M €
Other
Workforce	9,1 ETP	-1.1%	9,2 ETP	+84.0%	5,0 ETP	+4.2%	4,8 ETP	-28.4%	6,7 ETP	-14.1%	7,8 ETP	-7.1%	8,4 ETP	+2.4%	8,2 ETP	+36.7%	6,0 ETP	-10.4%	6,7 ETP	+17.5%	5,7 ETP	+26.7%	4,5 ETP	-6.2%	4,8 ETP	-5.9%	5,1 ETP	+18.6%	4,3 ETP	+34.4%	3,2 ETP	+3.2%	3,1 ETP	+29.2%	2,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 18 ended

Active mandates

Filip Bultinck

Managing director · since 28 novembre 2023 · until 28 novembre 2029

Active

Ended mandates

Jaime Van Dievoet

Director · since 28 novembre 2023 · until 28 novembre 2029

Ended

Urbain Bultinck

Director · since 28 novembre 2023 · until 28 novembre 2029

Ended

Emapa

Director · since 11 juin 2021 · 0898.302.350

Represented by Steve Vernelen

Ended

KL-Consulting

Director · since 14 décembre 2020 · 0758.514.660

Represented by Kristof LEFEBVRE

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	15/07/2026	27/05/2025	30/05/2024	21/06/2023	29/06/2022	29/10/2021
General meeting	18/05/2026	29/04/2025	27/05/2024	22/05/2023	22/06/2022	13/10/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/05/2026	15/07/2026	Dutch	PDF
Abridged model	31/12/2024	29/04/2025	27/05/2025	Dutch	PDF
Abridged model	31/12/2023	27/05/2024	30/05/2024	Dutch	PDF
Abridged model	31/12/2022	22/05/2023	21/06/2023	Dutch	PDF
Abridged model	31/12/2021	22/06/2022	29/06/2022	Dutch	PDF
Abridged model	31/12/2020	13/10/2021	29/10/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	29/10/2020	Dutch	PDF
Abridged model	31/12/2018	30/08/2019	06/09/2019	Dutch	PDF
Abridged model	31/12/2017	06/07/2018	06/08/2018	Dutch	PDF
Abridged model	31/12/2016	16/05/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	17/05/2016	04/07/2016	Dutch	PDF
Abridged model	31/12/2014	19/05/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	20/05/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	21/05/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	21/08/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/05/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	18/05/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	19/05/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	20/05/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	15/05/2007	27/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 1 active · 18 ended

Active mandates

Filip Bultinck

Managing director · since 28 novembre 2023 · until 28 novembre 2029

Active

Ended mandates

Jaime Van Dievoet

Director · since 28 novembre 2023 · until 28 novembre 2029

Ended

Urbain Bultinck

Director · since 28 novembre 2023 · until 28 novembre 2029

Ended

Emapa

Director · since 11 juin 2021 · 0898.302.350

Represented by Steve Vernelen

Ended

KL-Consulting

Director · since 14 décembre 2020 · 0758.514.660

Represented by Kristof LEFEBVRE

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/02/2026
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates10/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/08/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates30/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares21/06/2021
KAPITAAL - AANDELEN
PDF
Mandates10/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/12/2020
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 2025-1,7 M €↓
2024
Annual accounts 2024-1,2 M €↓
18/07/2024
apportNV IMMO W.
18/07/2024
apportBV FB constructions
18/07/2024
augmentation_capital
18/07/2024
augmentation_capital
2023
Annual accounts 2023-722,4 k €↓
2022
Annual accounts 20222,1 M €↓
2021
Annual accounts 20212,9 M €↑
2019
Annual accounts 2019-1,3 M €↓
2018
Annual accounts 2018-515,5 k €↑
2017
Annual accounts 2017-572,1 k €↓
2015
Annual accounts 2015493,2 k €↑
2014
Annual accounts 2014-52,4 k €↑
2013
Annual accounts 2013-396,3 k €↑
2012
Annual accounts 2012-479,6 k €↓
2011
Annual accounts 2011-25,1 k €↓
2010
Annual accounts 2010-9,8 k €↑
2009
Annual accounts 2009-26,3 k €↑
2008
Annual accounts 2008-113,4 k €↑
2007
Annual accounts 2007-170,8 k €↓
2006
Annual accounts 2006301,5 k €
09/10/1984
IncorporationPrivate 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

URBAIN BULTINCK

Overview

What does URBAIN BULTINCK do?

Trend over 18 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