ACTIVE

ST. PAUL

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Financial year 2025 · closed on 31/12/2025

Net result

1,4 M €

-53.4% YoY

Revenue

88,8 M €

+18.5% YoY

Equity

24,3 M €

+6.1% YoY

Workforce

25,3 ETP

-7.3% YoY

What does ST. PAUL do?

ST. PAUL is a Public limited company incorporated in 1985. It employs on average 25,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.382.196

Incorporation

21/06/1985

Legal form

Public limited company

Contributed capital

3 652 857,88 €

Latest accounts

31/12/2025

Average workforce

25,3 ETP

Joint committees (2)

Contacts

3 public details availableLog in to view

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 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	88,8 M €	+18.5%	74,9 M €	-14.2%	87,3 M €	+5.4%	82,8 M €	+70.9%	48,5 M €	+1267%	3,5 M €	+67.9%	2,1 M €	-52.4%	4,4 M €	+42.1%	3,1 M €	-10.1%	3,5 M €	-8.0%	3,8 M €	-16.7%	4,5 M €	+18.4%	3,8 M €	-10.2%	4,3 M €	-9.4%	4,7 M €	-81.9%	26 M €	+15.7%	22,5 M €	+446%	4,1 M €	+57.5%	2,6 M €
EBITDA	3 M €	-50.3%	6 M €	-19.2%	7,4 M €	+55.0%	4,8 M €	+25.3%	3,8 M €	+75.3%	2,2 M €	+163%	823,5 k €	-69.0%	2,7 M €	+37.3%	1,9 M €	-13.8%	2,2 M €	+0.7%	2,2 M €	-25.9%	3 M €	+35.5%	2,2 M €	-10.2%	2,5 M €	-29.0%	3,5 M €	+27.9%	2,7 M €	+24.3%	2,2 M €	-31.3%	3,2 M €	+59.9%	2 M €
Operating result	2,5 M €	-52.0%	5,1 M €	-21.7%	6,6 M €	+90.2%	3,4 M €	+30.9%	2,6 M €	+145%	1,1 M €	+66.1%	647,1 k €	-38.1%	1 M €	-5.6%	1,1 M €	-21.3%	1,4 M €	+59.1%	884,1 k €	-44.9%	1,6 M €	+100%	802,2 k €	-15.0%	944,4 k €	-56.7%	2,2 M €	+60.4%	1,4 M €	+46.6%	927,5 k €	-53.2%	2 M €	+148%	799,9 k €
Net result	1,4 M €	-53.4%	3 M €	-31.2%	4,3 M €	+78.7%	2,4 M €	+22.5%	2 M €	+199%	661,2 k €	+139%	276,4 k €	-47.8%	529,7 k €	+4.7%	505,7 k €	-32.4%	748 k €	+113%	351,6 k €	-56.6%	809,8 k €	+112%	381,3 k €	-4.9%	400,9 k €	-57.8%	950,6 k €	+78.8%	531,6 k €	+30.9%	406,2 k €	-56.3%	929,6 k €	+264%	255,7 k €
Balance sheet
Equity	24,3 M €	+6.1%	22,9 M €	+15.0%	19,9 M €	+27.8%	15,6 M €	+18.4%	13,2 M €	+17.7%	11,2 M €	+6.3%	10,5 M €	+41.8%	7,4 M €	+7.7%	6,9 M €	+7.9%	6,4 M €	-5.0%	6,7 M €	+1.5%	6,6 M €	+3.3%	6,4 M €	+2.1%	6,3 M €	+0.0%	6,3 M €	+17.9%	5,3 M €	+11.1%	4,8 M €	+9.3%	4,4 M €	+27.0%	3,4 M €
Total assets	37,1 M €	-16.0%	44,1 M €	+20.4%	36,7 M €	-17.4%	44,4 M €	+9.3%	40,6 M €	-0.3%	40,7 M €	+28.0%	31,8 M €	+14.0%	27,9 M €	+33.4%	20,9 M €	-11.2%	23,5 M €	+36.9%	17,2 M €	-10.7%	19,3 M €	-2.1%	19,7 M €	+24.2%	15,8 M €	-13.9%	18,4 M €	-27.3%	25,3 M €	+77.4%	14,3 M €	-8.6%	15,6 M €	+7.6%	14,5 M €
Cash	883,2 k €	+109%	422,4 k €	-33.7%	637,2 k €	-57.0%	1,5 M €	+153%	586,1 k €	+1664%	33,2 k €	-89.7%	322,1 k €	-51.2%	659,6 k €	+258%	184,3 k €	+177%	66,7 k €	-56.4%	152,7 k €	-1.9%	155,6 k €	+22.2%	127,3 k €	+77.9%	71,6 k €	-95.6%	1,6 M €	+489%	273,6 k €	+523%	43,9 k €	-85.8%	308,9 k €	+13.1%	273,1 k €
Debts	12,8 M €	-39.7%	21,2 M €	+26.7%	16,8 M €	-41.7%	28,8 M €	+4.9%	27,4 M €	-6.9%	29,5 M €	+38.9%	21,2 M €	+3.8%	20,4 M €	+46.4%	14 M €	-18.3%	17,1 M €	+64.5%	10,4 M €	-17.4%	12,6 M €	-4.7%	13,2 M €	+38.3%	9,6 M €	-20.7%	12 M €	-39.4%	19,9 M €	+111%	9,4 M €	-16.0%	11,2 M €	+1.8%	11 M €
Other
Workforce	25,3 ETP	-7.3%	27,3 ETP	+18.2%	23,1 ETP	-2.5%	23,7 ETP	-1.3%	24,0 ETP	+24.4%	19,3 ETP	+7.8%	17,9 ETP	+2.9%	17,4 ETP	-14.7%	20,4 ETP	-6.4%	21,8 ETP	0.0%	21,8 ETP	-5.6%	23,1 ETP	-3.3%	23,9 ETP	+6.2%	22,5 ETP	+2.3%	22,0 ETP	+14.6%	19,2 ETP	+1.6%	18,9 ETP	-7.4%	20,4 ETP	+22.2%	16,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 19 ended

Active mandates

Ku & Ku INDUSTRIES

Director · since 19 décembre 2019 · 0832.145.578

Represented by Dirk Kuijl

Active

Ended mandates

Ku & Ku INDUSTRIES

Director · since 19 décembre 2019 · 0832.145.578

Represented by Dirk Kuijl

Ended

Ku & Ku INDUSTRIES

Director · since 18 décembre 2019 · 0832.145.578

Represented by Dirk Kuijl

Ended

Ku & Ku INDUSTRIES

Managing director · since 25 juin 2019 · until 05 mai 2025 · 0832.145.578

Represented by Dirk Kuijl

Ended

Anthony Vonk

Mandate · since 31 août 2018 · until 31 août 2024

Ended

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	17/07/2026	24/07/2025	31/07/2024	29/06/2023	10/10/2022	12/07/2021
General meeting	30/06/2026	15/07/2025	25/07/2024	27/06/2023	23/09/2022	30/06/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	17/07/2026	Dutch	PDF
Full model	31/12/2024	15/07/2025	24/07/2025	Dutch	PDF
Full model	31/12/2023	25/07/2024	31/07/2024	Dutch	PDF
Full model	31/12/2022	27/06/2023	29/06/2023	Dutch	PDF
Full model	31/12/2021	23/09/2022	10/10/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	12/07/2021	Dutch	PDF
Full model	31/12/2019	31/08/2020	07/09/2020	Dutch	PDF
Full model	31/12/2018	25/06/2019	08/07/2019	Dutch	PDF
Full model	31/12/2017	20/06/2018	25/06/2018	Dutch	PDF
Full model	31/12/2016	28/06/2017	30/06/2017	Dutch	PDF
Full model	31/12/2015	02/06/2016	09/06/2016	Dutch	PDF
Full model	31/12/2014	27/05/2015	22/06/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	16/07/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	15/07/2013	Dutch	PDF
Full modelCorrection	31/12/2011	30/06/2012	21/09/2012	Dutch	PDF
Full model	31/12/2011	30/06/2012	27/07/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	14/07/2011	Dutch	PDF
Full modelCorrection	31/12/2009	27/07/2010	11/07/2011	Dutch	PDF
Full model	31/12/2009	27/07/2010	30/07/2010	Dutch	PDF
Full model	31/12/2008	28/07/2009	29/07/2009	Dutch	PDF
Full model	31/12/2007	28/07/2008	29/08/2008	Dutch	PDF
Full model	31/12/2006	18/07/2007	23/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 19 ended

Active mandates

Ku & Ku INDUSTRIES

Director · since 19 décembre 2019 · 0832.145.578

Represented by Dirk Kuijl

Active

Ended mandates

Ku & Ku INDUSTRIES

Director · since 19 décembre 2019 · 0832.145.578

Represented by Dirk Kuijl

Ended

Ku & Ku INDUSTRIES

Director · since 18 décembre 2019 · 0832.145.578

Represented by Dirk Kuijl

Ended

Ku & Ku INDUSTRIES

Managing director · since 25 juin 2019 · until 05 mai 2025 · 0832.145.578

Represented by Dirk Kuijl

Ended

Anthony Vonk

Mandate · since 31 août 2018 · until 31 août 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other24/09/2026
—
PDF
Mandates07/08/2026
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/01/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other17/11/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/12/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/09/2019
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 20251,4 M €↓
2024
Annual accounts 20243 M €↓
2023
Annual accounts 20234,3 M €↑
2022
Annual accounts 20222,4 M €↑
2021
Annual accounts 20212 M €↑
2020
Annual accounts 2020661,2 k €↑
2019
Annual accounts 2019276,4 k €↓
2018
Annual accounts 2018529,7 k €↑
2017
Annual accounts 2017505,7 k €↓
2016
Annual accounts 2016748 k €↑
2014
Annual accounts 2014351,6 k €↓
2013
Annual accounts 2013809,8 k €↑
2012
Annual accounts 2012381,3 k €↓
2011
Annual accounts 2011400,9 k €↓
2010
Annual accounts 2010950,6 k €↑
2009
Annual accounts 2009531,6 k €↑
2008
Annual accounts 2008406,2 k €↓
2007
Annual accounts 2007929,6 k €↑
2006
Annual accounts 2006255,7 k €
21/06/1985
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

ST. PAUL

Overview

What does ST. PAUL 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