ACTIVE

Kuge Invest

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Financial year 2025 · closed on 31/12/2025

Net result

4,1 M €

-38.5% YoY

Revenue

868,4 k €

+3.0% YoY

Equity

48,3 M €

+9.0% YoY

Workforce

1,8 ETP

-18.2% YoY

What does Kuge Invest do?

Kuge Invest is a Public limited company incorporated in 1988. Its main activity is: Activities of holding companies. Its registered office is in Olen. It employs on average 1,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0435.435.077

Incorporation

30/09/1988

Legal form

Public limited company

Registered office

Hoogbuul 24
2250 Olen · FlandreSee on map

Contributed capital

250 000,00 €

Latest accounts

31/12/2025

Average workforce

1,8 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74142Specialised design activities 74151Specialised design activities 70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	868,4 k €	+3.0%	843 k €	+1.8%	828,1 k €	+12.0%	739,1 k €	+0.0%	739 k €	-2.2%	755,9 k €	+5.2%	718,6 k €	+2.0%	704,3 k €	+4.3%	675,1 k €	-13.8%	783,6 k €	+4.6%	748,9 k €	+27.9%	585,4 k €	+1.7%	575,6 k €	+2.3%	562,9 k €		–		–		–		–		–		–
EBITDA	553,6 k €	+14.4%	484 k €	+15.5%	418,9 k €	+17.1%	357,7 k €	+4.4%	342,7 k €	-6.1%	365,1 k €	+11.7%	327 k €	+72.9%	189,1 k €	+0.2%	188,9 k €	-50.4%	380,6 k €	+3.9%	366,3 k €	-19.7%	456 k €	+11.2%	410,1 k €	+0.8%	406,7 k €	+2.0%	398,9 k €	+20.6%	330,8 k €	+15.4%	286,6 k €	-11.0%	322 k €	+8.4%	297,1 k €	-5.5%	314,4 k €
Operating result	548,7 k €	+14.1%	480,7 k €	+15.6%	415,8 k €	+17.5%	354 k €	+5.9%	334,2 k €	-4.8%	351,3 k €	+12.6%	312 k €	+76.0%	177,3 k €	-2.1%	181 k €	-50.0%	361,9 k €	+3.3%	350,4 k €	-20.5%	440,5 k €	+13.5%	388,2 k €	-2.0%	396 k €	+2.0%	388,4 k €	+20.8%	321,6 k €	+16.1%	277,1 k €	-11.1%	311,7 k €	+8.7%	286,7 k €	-6.9%	307,8 k €
Net result	4,1 M €	-38.5%	6,7 M €	+188%	2,3 M €	+205%	767,5 k €	-55.2%	1,7 M €	+711%	211,2 k €	-94.9%	4,1 M €	-38.0%	6,6 M €	+167%	2,5 M €	-55.5%	5,6 M €	-14.7%	6,5 M €	+178%	2,4 M €	-73.9%	9 M €	+115%	4,2 M €	+37.3%	3 M €	+108%	1,5 M €	-23.2%	1,9 M €	+795%	213,9 k €	-81.1%	1,1 M €	-25.4%	1,5 M €
Balance sheet
Equity	48,3 M €	+9.0%	44,3 M €	+17.5%	37,7 M €	+6.2%	35,6 M €	+1.8%	34,9 M €	-18.4%	42,8 M €	+0.4%	42,7 M €	+10.5%	38,6 M €	+20.6%	32 M €	+8.3%	29,6 M €	+13.7%	26 M €	+21.0%	21,5 M €	+6.7%	20,1 M €	+32.6%	15,2 M €	+38.0%	11 M €	+15.2%	9,6 M €	+10.0%	8,7 M €	+17.8%	7,4 M €	+3.0%	7,2 M €	+11.4%	6,4 M €
Total assets	48,7 M €	+9.4%	44,5 M €	+17.3%	38 M €	+6.2%	35,8 M €	-19.8%	44,6 M €	+3.9%	43 M €	+0.4%	42,8 M €	+10.6%	38,7 M €	+20.6%	32,1 M €	+8.1%	29,7 M €	+13.4%	26,2 M €	+14.2%	22,9 M €	-1.1%	23,2 M €	+35.6%	17,1 M €	+26.3%	13,5 M €	+15.4%	11,7 M €	+7.7%	10,9 M €	+21.9%	8,9 M €	-1.8%	9,1 M €	-18.1%	11,1 M €
Cash	2,5 M €	-27.3%	3,4 M €	-42.7%	6 M €	+74.8%	3,4 M €	-66.5%	10,3 M €	+176%	3,7 M €	-72.7%	13,6 M €	-26.9%	18,7 M €	+28.8%	14,5 M €	+28.6%	11,3 M €	-17.8%	13,7 M €	+26.3%	10,9 M €	+4.4%	10,4 M €	+75.4%	5,9 M €	+424%	1,1 M €	+112%	535,7 k €	-69.0%	1,7 M €	+4092%	41,2 k €	-14.4%	48,1 k €	+52.5%	31,5 k €
Debts	394,6 k €	+105%	192,1 k €	-14.2%	224 k €	+4.8%	213,8 k €	-97.8%	9,7 M €	+7152%	133,5 k €	+5.7%	126,3 k €	+61.7%	78,1 k €	+9.0%	71,7 k €	-40.2%	119,9 k €	-32.1%	176,6 k €	-87.7%	1,4 M €	-52.8%	3,1 M €	+59.3%	1,9 M €	-24.7%	2,5 M €	+16.2%	2,2 M €	-1.1%	2,2 M €	+41.1%	1,6 M €	-19.4%	1,9 M €	-58.6%	4,7 M €
Other
Workforce	1,8 ETP	-18.2%	2,2 ETP	-21.4%	2,8 ETP	-6.7%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	-3.2%	3,1 ETP	-22.5%	4,0 ETP	+21.2%	3,3 ETP	+50.0%	2,2 ETP	+10.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-16.7%	2,4 ETP	-17.2%	2,9 ETP	-12.1%	3,3 ETP	-5.7%	3,5 ETP	+16.7%	3,0 ETP	0.0%	3,0 ETP	+11.1%	2,7 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 · 4 active · 37 ended

Active mandates

Josepha Sas Clara Rosa

Director · since 10 décembre 2021 · until 15 juin 2027

Active

LEO VAN DE MIEROP

Chairman of the board of directors · since 10 décembre 2021 · until 15 juin 2027

Active

Marnutec

Director · since 10 décembre 2021 · until 15 juin 2027 · 0834.879.889

Represented by Kurt Van de Mierop

Active

Saprofi

Director · since 10 décembre 2021 · until 15 juin 2027 · 0845.863.556

Represented by Geert Van de Mierop

Active

Ended mandates

Clara Rosa Josepha Sas

Director · since 10 décembre 2021 · until 15 juin 2027

Ended

CLARA ROSA JOSEPHA SAS

bestuurder · since 10 décembre 2021 · until 15 juin 2027

Ended

Marnutec

bestuurder · since 10 décembre 2021 · until 15 juin 2027 · 0834.879.889

Represented by Kurt Van de Mierop

Ended

Marnutec

Director · since 10 décembre 2021 · until 15 juin 2027 · 0834.879.889

Represented by Kurt Van de Mierop

Ended

At this address

Other companies at this address

Company	CBE no.
NUTREX● Active	0455.467.557

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	26/08/2026	14/08/2025	28/08/2024	28/08/2023	31/08/2022	29/09/2021
General meeting	15/06/2026	30/06/2025	28/06/2024	15/06/2023	29/06/2022	31/08/2021
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

33 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	15/06/2026	26/08/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	14/08/2025	Dutch	PDF
m120-f-p	31/12/2024	30/06/2025	14/08/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	28/08/2024	Dutch	PDF
m120-f-p	31/12/2023	28/06/2024	28/08/2024	Dutch	PDF
Full model	31/12/2022	15/06/2023	28/08/2023	Dutch	PDF
m120-f-p	31/12/2022	15/06/2023	28/08/2023	Dutch	PDF
Full model	31/12/2021	29/06/2022	31/08/2022	Dutch	PDF
m120-f-p	31/12/2021	29/07/2022	31/08/2022	Dutch	PDF
Full model	31/12/2020	31/08/2021	29/09/2021	Dutch	PDF
m120-f-p	31/12/2020	31/08/2021	29/09/2021	Dutch	PDF
Full model	31/12/2019	10/08/2020	08/09/2020	Dutch	PDF
m120-f-p	31/12/2019	10/08/2020	08/09/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	29/08/2019	Dutch	PDF
m120-f-p	31/12/2018	28/06/2019	30/08/2019	Dutch	PDF
Full model	31/12/2017	05/06/2018	28/08/2018	Dutch	PDF
m120-f-p	31/12/2017	05/06/2018	03/09/2018	Dutch	PDF
Full model	31/12/2016	06/06/2017	25/08/2017	Dutch	PDF
m120-f-p	31/12/2016	06/06/2017	30/08/2017	Dutch	PDF
Full model	31/12/2015	17/05/2016	13/09/2016	Dutch	PDF
m120-f-p	31/12/2015	17/05/2016	26/08/2016	Dutch	PDF
Full model	31/12/2014	15/05/2015	27/08/2015	Dutch	PDF
m120-f-p	31/12/2014	15/05/2015	27/08/2015	Dutch	PDF
Full model	31/12/2013	15/05/2014	24/07/2014	Dutch	PDF

View all 33 filings

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 · 4 active · 37 ended

Active mandates

Josepha Sas Clara Rosa

Director · since 10 décembre 2021 · until 15 juin 2027

Active

LEO VAN DE MIEROP

Chairman of the board of directors · since 10 décembre 2021 · until 15 juin 2027

Active

Marnutec

Director · since 10 décembre 2021 · until 15 juin 2027 · 0834.879.889

Represented by Kurt Van de Mierop

Active

Saprofi

Director · since 10 décembre 2021 · until 15 juin 2027 · 0845.863.556

Represented by Geert Van de Mierop

Active

Ended mandates

Clara Rosa Josepha Sas

Director · since 10 décembre 2021 · until 15 juin 2027

Ended

CLARA ROSA JOSEPHA SAS

bestuurder · since 10 décembre 2021 · until 15 juin 2027

Ended

Marnutec

bestuurder · since 10 décembre 2021 · until 15 juin 2027 · 0834.879.889

Represented by Kurt Van de Mierop

Ended

Marnutec

Director · since 10 décembre 2021 · until 15 juin 2027 · 0834.879.889

Represented by Kurt Van de Mierop

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office20/11/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates04/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/12/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares28/01/2014
KAPITAAL - AANDELEN
PDF
Mandates27/12/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/07/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other13/09/2011
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 20254,1 M €↓
2024
Annual accounts 20246,7 M €↑
2023
Annual accounts 20232,3 M €↑
2022
Annual accounts 2022767,5 k €↓
2021
Annual accounts 20211,7 M €↑
2020
Annual accounts 2020211,2 k €↓
2019
Annual accounts 20194,1 M €↓
2018
Annual accounts 20186,6 M €↑
2017
Annual accounts 20172,5 M €↓
2016
Annual accounts 20165,6 M €↓
2015
Annual accounts 20156,5 M €↑
2014
Annual accounts 20142,4 M €↓
2013
Annual accounts 20139 M €↑
2012
Annual accounts 20124,2 M €↑
2011
Annual accounts 20113 M €↑
2010
Annual accounts 20101,5 M €↓
2009
Annual accounts 20091,9 M €↑
2008
Annual accounts 2008213,9 k €↓
2007
Annual accounts 20071,1 M €↓
2006
Annual accounts 20061,5 M €
30/09/1988
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

Kuge Invest

Overview

What does Kuge Invest do?

Trend over 20 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