ACTIVE

AANNEMINGEN CARMANS

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Financial year 2025 · Closed on 31/03/2025

Net result985,5 k €+272,2 %over 1 year
Gross margin5,8 M €+20,7 %over 1 year
Equity2,8 M €+29,1 %over 1 year
Workforce46,7 ETP+4,5 %over 1 year

Identity

Source · BCE/KBO

AANNEMINGEN CARMANS is a Public limited company incorporated in 1987. Its main activity is: Construction of roads and motorways. Its registered office is in Lummen. It employs on average 46,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0431.932.981
Incorporation
07/09/1987
Legal form
Public limited company
Registered office
Kanaalstraat 14
3560 Lummen · FlandreSee on map
Contributed capital
205 351,29 €
Latest accounts
31/03/2025
Average workforce
46,7 ETP
Joint committees (5)
  • 124
  • 12400
  • 200
  • 20000
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 17 financial years

20252024202320222019
Income statement
Gross margin5,8 M €4,8 M €4,6 M €4,5 M €4,1 M €
EBITDA1,5 M €600,8 k €690 k €1,2 M €1,3 M €
Operating result1,2 M €374,8 k €391,7 k €806,4 k €708,8 k €
Net result985,5 k €264,8 k €246,7 k €648,6 k €582,6 k €
Balance sheet
Equity2,8 M €2,1 M €1,9 M €2,6 M €1,7 M €
Total assets5 M €4,2 M €4,6 M €6,2 M €5 M €
Cash1,9 M €346,3 k €1,2 M €463,3 k €299,8 k €
Debts2,2 M €2,1 M €2,8 M €3,7 M €3,3 M €
Other
Workforce46,7 ETP44,7 ETP45,0 ETP41,2 ETP38,6 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 31/03/2025

2 active · 22 ended

Active mandates

C-INVEST

Managing director · since 27 août 2021 · until 27 août 2027 · 0472.592.017

Represented by Stefan CARMANS

Active
S. CARMANS

Director · since 27 août 2021 · until 27 août 2027 · 0457.538.706

Represented by Cox ANJA IRMA

Active

Ended mandates

C-INVEST

Director · since 27 août 2021 · until 27 août 2027 · 0472.592.017

Represented by Carmans STEFAN

Ended
C-INVEST

Director · since 27 août 2021 · until 27 août 2027 · 0472.592.017

Represented by Stefan Carmans

Ended
S. CARMANS

Director · since 27 août 2021 · until 27 août 2027 · 0457.538.706

Represented by Anja Cox

Ended
C-INVEST

Managing director · since 26 août 2016 · until 26 août 2022 · 0472.592.017

Represented by Stefan Carmans

Ended

Other companies at this address

Kanaalstraat 14 3560 Lummen
CompanyCBE no.
Carmans Blue Technology● Active
0870.140.478
Carmans Group● Active
1026.714.019
C-INVEST● Active
0472.592.017
C-Rent● Active
0723.746.791
GREPOBEL● Active
0885.783.313
RESOMA● Active
0810.871.302
S. CARMANS● Active
0457.538.706
Tijdelijke Maatschap Beverzakstraat● Active
1037.395.994
Tijdelijke maatschap CARMANS-DSV● Active
1031.984.681
Tijdelijke Maatschap Carmans-DSV 1● Active
0804.720.116
Tijdelijke maatschap Hoogstraat● Active
1039.236.521

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/04/202401/04/202301/04/202201/04/202101/04/202001/04/2019
Closing of the financial year31/03/202531/03/202431/03/202331/03/202231/03/202131/03/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/10/202531/10/202429/10/202328/10/202230/09/202127/11/2020
General meeting26/09/202527/09/202429/09/202326/08/202227/08/202128/08/2020
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 model31/03/202526/09/202531/10/2025DutchPDF
Abridged model31/03/202427/09/202431/10/2024DutchPDF
Abridged model31/03/202329/09/202329/10/2023DutchPDF
Abridged model31/03/202226/08/202228/10/2022DutchPDF
Abridged model31/03/202127/08/202130/09/2021DutchPDF
Abridged model31/03/202028/08/202027/11/2020DutchPDF
Abridged modelCorrection31/03/201930/08/201914/11/2019DutchPDF
Abridged model31/03/201930/08/201911/10/2019DutchPDF
Abridged model31/03/201831/08/201829/10/2018DutchPDF
Abridged model31/03/201725/08/201730/11/2017DutchPDF
Abridged model31/03/201626/08/201631/10/2016DutchPDF
Abridged model31/03/201528/08/201530/09/2015DutchPDF
Abridged model31/03/201429/08/201408/09/2014DutchPDF
Abridged model31/03/201330/08/201329/10/2013DutchPDF
Abridged model31/03/201231/08/201229/10/2012DutchPDF
Abridged model31/03/201126/08/201126/10/2011DutchPDF
Abridged model31/03/201027/08/201029/10/2010DutchPDF
Abridged model31/03/200928/08/200929/10/2009DutchPDF
Abridged model31/03/200815/07/200817/07/2008DutchPDF
Abridged model31/03/200731/08/200710/10/2007DutchPDF

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 31/03/2025

2 active · 22 ended

Active mandates

C-INVEST

Managing director · since 27 août 2021 · until 27 août 2027 · 0472.592.017

Represented by Stefan CARMANS

Active
S. CARMANS

Director · since 27 août 2021 · until 27 août 2027 · 0457.538.706

Represented by Cox ANJA IRMA

Active

Ended mandates

C-INVEST

Director · since 27 août 2021 · until 27 août 2027 · 0472.592.017

Represented by Carmans STEFAN

Ended
C-INVEST

Director · since 27 août 2021 · until 27 août 2027 · 0472.592.017

Represented by Stefan Carmans

Ended
S. CARMANS

Director · since 27 août 2021 · until 27 août 2027 · 0457.538.706

Represented by Anja Cox

Ended
C-INVEST

Managing director · since 26 août 2016 · until 26 août 2022 · 0472.592.017

Represented by Stefan Carmans

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates17/03/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring21/11/2023
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates28/08/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Restructuring06/12/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring08/04/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Capital / shares04/03/2022
    KAPITAAL - AANDELEN
    PDF
  • Mandates24/02/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/12/2017
    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 2025985,5 k €↑
  2. 2024
    Annual accounts 2024264,8 k €↑
  3. 2024
    Name changeAANNEMINGEN CARMANS
  4. 2023
    Annual accounts 2023246,7 k €↓
  5. 2022
    Annual accounts 2022648,6 k €↑
  6. 2022
    Name changeCarmans Aannemingen
  7. 2019
    Annual accounts 2019582,6 k €↑
  8. 2018
    Annual accounts 2018425,1 k €↑
  9. 2017
    Annual accounts 201798,7 k €↓
  10. 2016
    Annual accounts 2016116,3 k €↓
  11. 2015
    Annual accounts 2015123 k €↓
  12. 2014
    Annual accounts 2014223 k €↑
  13. 2013
    Annual accounts 201362,5 k €↓
  14. 2012
    Annual accounts 2012125,8 k €↓
  15. 2011
    Annual accounts 2011130,2 k €↑
  16. 2010
    Annual accounts 2010110,4 k €↓
  17. 2009
    Annual accounts 2009122,9 k €↑
  18. 2008
    Annual accounts 200829,6 k €↓
  19. 2007
    Annual accounts 2007497,8 k €
  20. 07/09/1987
    IncorporationPublic limited company