ACTIVE

CULLEN INTERNATIONAL

Financial year 2025 · Closed on 31/12/2025

Net result28,6 k €-86,0 %over 1 year
Gross margin5,3 M €-8,5 %over 1 year
Equity2,5 M €-17,2 %over 1 year
Workforce38,1 ETP+5,2 %over 1 year

Identity

Source · BCE/KBO

CULLEN INTERNATIONAL is a Public limited company incorporated in 1986. Its registered office is in Auderghem. It employs on average 38,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0429.199.165
Incorporation
18/06/1986
Legal form
Public limited company
Registered office
Clos Lucien Outers 11-21 box 1
1160 Auderghem · BruxellesSee on map
Contributed capital
238 745,36 €
Latest accounts
31/12/2025
Average workforce
38,1 ETP
Joint committees (2)
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin5,3 M €5,8 M €5 M €4,7 M €4,8 M €
EBITDA285,9 k €1,2 M €676 k €777,9 k €1,3 M €
Operating result84,8 k €1,1 M €591,3 k €700,3 k €1,2 M €
Net result28,6 k €204 k €378 k €452,8 k €883,1 k €
Balance sheet
Equity2,5 M €3 M €3,1 M €3,3 M €3,1 M €
Total assets7,6 M €8,1 M €7 M €7,6 M €7,6 M €
Cash4 M €4 M €3,3 M €4 M €4,5 M €
Debts2,1 M €2,2 M €1,8 M €1,5 M €2,1 M €
Other
Workforce38,1 ETP36,2 ETP35,4 ETP34,4 ETP33,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 97 ended

Active mandates

ALL TOGETHER

Director · since 18 juin 2025 · until 22 juin 2026 · 0884.347.812

Represented by Bruno Segers

Active
Bernard Marr

Director · since 18 juin 2025 · until 22 juin 2026

Active
Ezequiel Dominguez

Managing director · since 18 juin 2025 · until 22 juin 2026

Active
Graham Tidd

Director · since 18 juin 2025 · until 22 juin 2026

Active
Jean Cullen

Chairman of the board of directors · since 18 juin 2025 · until 22 juin 2026

Active
Philippe Defraigne

Director · since 18 juin 2025 · until 22 juin 2026

Active

Ended mandates

ALL TOGETHER

Director · since 18 juin 2024 · until 18 juin 2025 · 0884.347.812

Represented by Bruno Segers

Ended
Bernard Marr

Director · since 18 juin 2024 · until 18 juin 2025

Ended
Ezequiel Dominguez

Director · since 18 juin 2024 · until 18 juin 2025

Ended
Graham Tidd

Director · since 18 juin 2024 · until 18 juin 2025

Ended

Other companies at this address

Clos Lucien Outers 11-21 1160 Auderghem
CompanyCBE no.
0443.050.171
0806.144.927
Whyte EU● Active
1029.935.409
Y COMPANY● Active
0805.907.870

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date24/06/202630/06/202520/06/202426/06/202329/06/202222/06/2021
General meeting22/06/202618/06/202518/06/202421/06/202324/06/202222/06/2021
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, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202522/06/202624/06/2026FrenchPDF
Abridged model31/12/202418/06/202530/06/2025FrenchPDF
Abridged model31/12/202318/06/202420/06/2024FrenchPDF
Abridged model31/12/202221/06/202326/06/2023FrenchPDF
Abridged model31/12/202124/06/202229/06/2022FrenchPDF
Abridged model31/12/202022/06/202122/06/2021FrenchPDF
Abridged model31/12/201918/06/202022/06/2020FrenchPDF
Abridged model31/12/201821/05/201928/05/2019FrenchPDF
Abridged model31/12/201705/06/201806/06/2018FrenchPDF
Abridged model31/12/201616/05/201724/05/2017FrenchPDF
Abridged model31/12/201527/05/201631/05/2016FrenchPDF
Abridged model31/12/201428/05/201501/06/2015FrenchPDF
Abridged model31/12/201330/05/201402/06/2014FrenchPDF
Abridged model31/12/201203/06/201305/06/2013FrenchPDF
Abridged model31/12/201105/06/201207/06/2012FrenchPDF
Abridged model31/12/201020/05/201106/06/2011FrenchPDF
Abridged model31/12/200931/05/201008/06/2010FrenchPDF
Abridged model31/12/200825/05/200925/05/2009FrenchPDF
Abridged model31/12/200730/05/200802/06/2008FrenchPDF
Abridged model31/12/200628/04/200708/05/2007FrenchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 97 ended

Active mandates

ALL TOGETHER

Director · since 18 juin 2025 · until 22 juin 2026 · 0884.347.812

Represented by Bruno Segers

Active
Bernard Marr

Director · since 18 juin 2025 · until 22 juin 2026

Active
Ezequiel Dominguez

Managing director · since 18 juin 2025 · until 22 juin 2026

Active
Graham Tidd

Director · since 18 juin 2025 · until 22 juin 2026

Active
Jean Cullen

Chairman of the board of directors · since 18 juin 2025 · until 22 juin 2026

Active
Philippe Defraigne

Director · since 18 juin 2025 · until 22 juin 2026

Active

Ended mandates

ALL TOGETHER

Director · since 18 juin 2024 · until 18 juin 2025 · 0884.347.812

Represented by Bruno Segers

Ended
Bernard Marr

Director · since 18 juin 2024 · until 18 juin 2025

Ended
Ezequiel Dominguez

Director · since 18 juin 2024 · until 18 juin 2025

Ended
Graham Tidd

Director · since 18 juin 2024 · until 18 juin 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates07/07/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/07/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates15/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other03/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates17/11/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/07/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/08/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/08/2021
    DEMISSIONS, NOMINATIONS
    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 202528,6 k €↓
  2. 2024
    Annual accounts 2024204 k €↓
  3. 2023
    Annual accounts 2023378 k €↓
  4. 2022
    Annual accounts 2022452,8 k €↓
  5. 2021
    Annual accounts 2021883,1 k €↓
  6. 2020
    Annual accounts 2020907,6 k €↑
  7. 2019
    Annual accounts 2019801 k €↑
  8. 2018
    Annual accounts 2018730,1 k €↑
  9. 2017
    Annual accounts 2017424,3 k €↑
  10. 2016
    Annual accounts 201638,3 k €↓
  11. 2015
    Annual accounts 2015332,4 k €↑
  12. 2014
    Annual accounts 2014294,6 k €↑
  13. 2013
    Annual accounts 2013198,1 k €↑
  14. 2012
    Annual accounts 2012179,4 k €↓
  15. 2011
    Annual accounts 2011367,4 k €↑
  16. 2010
    Annual accounts 2010208,5 k €↑
  17. 2009
    Annual accounts 2009199,1 k €↓
  18. 2008
    Annual accounts 2008435,2 k €↑
  19. 2007
    Annual accounts 2007353,8 k €↑
  20. 2006
    Annual accounts 2006339,4 k €
  21. 18/06/1986
    IncorporationPublic limited company