ACTIVE

NEPTUNE

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Financial year 2025 · closed on 30/06/2025

Net result

48,1 k €

-96.5% YoY

Gross margin

442,7 k €

-22.5% YoY

Equity

5 M €

+1.0% YoY

Workforce

0,3 ETP

What does NEPTUNE do?

NEPTUNE is a Public limited company incorporated in 1988. Its main activity is: Development of building projects. Its registered office is in Middelkerke. It employs on average 0,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0435.609.479

Incorporation

19/10/1988

Legal form

Public limited company

Registered office

Priorijlaan 1
8434 Middelkerke · FlandreSee on map

Contributed capital

1 090 100,00 €

Latest accounts

30/06/2025

Average workforce

0,3 ETP

Activities (NACE)

41101Development of building projects· main 46649Wholesale of machinery for the textile industry and of sewing and knitting machines 64200Activities of holding companies 64210Activities of holding companies 68100Buying and selling of own real estate 68110Buying and selling of own real estate+7

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	442,7 k €	-22.5%	571,2 k €	-16.0%	679,9 k €	+35.7%	501 k €	-3.8%	520,6 k €	+62.8%	319,8 k €	+114%	149,3 k €	-34.1%	226,4 k €	+86.6%	121,3 k €	+10.8%	109,5 k €	-7.7%	118,7 k €	+45.4%	81,7 k €	-9.3%	90 k €	-15.6%	106,7 k €	+8.5%	98,3 k €	-33.5%	147,9 k €	+214%	47,1 k €	-34.6%	72 k €	-9.2%	79,4 k €
EBITDA	315,3 k €	-44.6%	569 k €	-16.0%	677,5 k €	+48.3%	456,9 k €	-0.9%	461,2 k €	+70.5%	270,5 k €	+174%	98,9 k €	-45.7%	181,9 k €	+110%	86,7 k €	+20.6%	71,8 k €	-11.3%	81 k €	+83.3%	44,2 k €	-18.2%	54 k €	-22.6%	69,8 k €	+11.3%	62,7 k €	-42.7%	109,4 k €	+671%	14,2 k €	-65.4%	41 k €	-8.0%	44,6 k €
Operating result	219,7 k €	-54.6%	484,4 k €	-19.2%	599,6 k €	+41.8%	422,7 k €	-2.4%	433,1 k €	+74.0%	248,9 k €	+226%	76,5 k €	-43.6%	135,5 k €	+111%	64,3 k €	+42.1%	45,2 k €	-22.8%	58,6 k €	+158%	22,7 k €	-30.3%	32,5 k €	-32.7%	48,3 k €	+30.3%	37,1 k €	-55.8%	83,8 k €	+832%	-11,4 k €	-179%	14,4 k €	-19.9%	18 k €
Net result	48,1 k €	-96.5%	1,4 M €	+214%	437,8 k €	-80.7%	2,3 M €	+698%	284,5 k €	+667%	37,1 k €	+156%	14,5 k €	-84.0%	90,3 k €	+43.7%	62,9 k €	+42.3%	44,2 k €	-33.3%	66,2 k €	+1152%	5,3 k €	-81.5%	28,5 k €	-35.4%	44,1 k €	+34.5%	32,8 k €	+440%	6,1 k €	+150%	-12,1 k €	-19.3%	-10,1 k €	-188%	11,5 k €
Balance sheet
Equity	5 M €	+1.0%	4,9 M €	+26.3%	3,9 M €	+0.2%	3,9 M €	+140%	1,6 M €	+0.3%	1,6 M €	+2.4%	1,6 M €	+0.9%	1,6 M €	+6.1%	1,5 M €	+4.5%	1,4 M €	+3.2%	1,4 M €	+5.1%	1,3 M €	+0.4%	1,3 M €	+2.3%	1,3 M €	+3.6%	1,2 M €	+2.8%	1,2 M €	+0.5%	1,2 M €	-1.0%	1,2 M €	-0.8%	1,2 M €
Total assets	7 M €	+6.1%	6,6 M €	+12.4%	5,9 M €	+25.2%	4,7 M €	+4.6%	4,5 M €	+7.5%	4,2 M €	+1.0%	4,1 M €	+1.7%	4 M €	-2.5%	4,1 M €	+7.7%	3,9 M €	+4.0%	3,7 M €	+0.4%	3,7 M €	-1.4%	3,7 M €	+1.5%	3,7 M €	-1.5%	3,7 M €	-1.3%	3,8 M €	+60.1%	2,4 M €	+44.4%	1,6 M €	-3.1%	1,7 M €
Cash	452,6 k €	-58.0%	1,1 M €	+68.3%	640,3 k €	+193%	218,8 k €	-51.3%	449,4 k €	+1796%	23,7 k €	-10.1%	26,4 k €	-67.3%	80,5 k €	+405%	15,9 k €	-57.7%	37,7 k €	+1637%	2,2 k €	-39.0%	3,6 k €	-79.4%	17,2 k €	-17.2%	20,8 k €	-50.7%	42,3 k €	-13.7%	49 k €	-52.6%	103,2 k €	+524%	16,5 k €	-76.8%	71,2 k €
Debts	2 M €	+20.0%	1,7 M €	-15.4%	2 M €	+149%	785,4 k €	-72.5%	2,9 M €	+12.1%	2,5 M €	+0.2%	2,5 M €	+2.2%	2,5 M €	-7.2%	2,7 M €	+9.5%	2,4 M €	+4.5%	2,3 M €	-2.2%	2,4 M €	-2.3%	2,4 M €	+1.1%	2,4 M €	-4.0%	2,5 M €	-3.2%	2,6 M €	+119%	1,2 M €	+166%	445,8 k €	-8.7%	488,2 k €
Other
Workforce	0,3 ETP		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 13 ended

Active mandates

Hendrik De Keukeleire

Director

Active

Kathleen Bauwens

Director

Active

Ended mandates

DE KORTRIJKSE TOREN

Director · since 18 septembre 2007 · until 30 juin 2013 · 0454.110.349

Represented by Hendrik De Keukeleire

Ended

Hendrik De Keukeleire

Director · since 18 septembre 2007 · until 30 juin 2013

Ended

Hendrik De Keukeleire

Managing director · since 18 septembre 2007

Ended

Kathleen Bauwens

Director · since 18 septembre 2007 · until 30 juin 2013

Ended

At this address

Other companies at this address

Company	CBE no.
OCTOPUS SPORTCLUB● Active	0864.358.486
RAPHAEL INVESTISSEMENT● Active	0445.271.669

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/01/2026	31/01/2025	30/01/2024	08/02/2023	24/01/2022	25/01/2021
General meeting	20/12/2025	06/12/2024	01/12/2023	02/12/2022	03/12/2021	21/01/2021
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	30/06/2025	20/12/2025	29/01/2026	Dutch	PDF
Abridged model	30/06/2024	06/12/2024	31/01/2025	Dutch	PDF
Micro model	30/06/2023	01/12/2023	30/01/2024	Dutch	PDF
Micro model	30/06/2022	02/12/2022	08/02/2023	Dutch	PDF
Micro model	30/06/2021	03/12/2021	24/01/2022	Dutch	PDF
Micro model	30/06/2020	21/01/2021	25/01/2021	Dutch	PDF
Micro model	30/06/2019	06/12/2019	07/01/2020	Dutch	PDF
Micro model	30/06/2018	07/12/2018	14/01/2019	Dutch	PDF
Micro model	30/06/2017	11/10/2017	08/11/2017	Dutch	PDF
Abridged model	30/06/2016	04/01/2017	10/01/2017	Dutch	PDF
Abridged model	30/06/2015	20/11/2015	02/02/2016	Dutch	PDF
Abridged model	30/06/2014	05/12/2014	03/02/2015	Dutch	PDF
Abridged model	30/06/2013	06/12/2013	30/12/2013	Dutch	PDF
Abridged model	30/06/2012	07/12/2012	24/12/2012	Dutch	PDF
Abridged model	30/06/2011	02/12/2011	06/12/2011	Dutch	PDF
Abridged model	30/06/2010	31/01/2011	17/02/2011	Dutch	PDF
Abridged model	30/06/2009	31/01/2010	17/02/2010	Dutch	PDF
Abridged model	30/06/2008	05/12/2008	23/01/2009	Dutch	PDF
Abridged model	30/06/2007	10/02/2008	25/02/2008	Dutch	PDF
Abridged model	30/06/2006	09/02/2007	15/02/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/06/2025 · 2 active · 13 ended

Active mandates

Hendrik De Keukeleire

Director

Active

Kathleen Bauwens

Director

Active

Ended mandates

DE KORTRIJKSE TOREN

Director · since 18 septembre 2007 · until 30 juin 2013 · 0454.110.349

Represented by Hendrik De Keukeleire

Ended

Hendrik De Keukeleire

Director · since 18 septembre 2007 · until 30 juin 2013

Ended

Hendrik De Keukeleire

Managing director · since 18 septembre 2007

Ended

Kathleen Bauwens

Director · since 18 septembre 2007 · until 30 juin 2013

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/01/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/05/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/11/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/12/2008
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/07/2006
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares11/10/2002
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BOEKJAAR
PDF
Mandates08/10/2002
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 202548,1 k €↓
2024
Annual accounts 20241,4 M €↑
2023
Annual accounts 2023437,8 k €↓
2022
Annual accounts 20222,3 M €↑
2021
Annual accounts 2021284,5 k €↑
2020
Annual accounts 202037,1 k €↑
2019
Annual accounts 201914,5 k €↓
2018
Annual accounts 201890,3 k €↑
2017
Annual accounts 201762,9 k €↑
2016
Annual accounts 201644,2 k €↓
2015
Annual accounts 201566,2 k €↑
2014
Annual accounts 20145,3 k €↓
2013
Annual accounts 201328,5 k €↓
2012
Annual accounts 201244,1 k €↑
2011
Annual accounts 201132,8 k €↑
2010
Annual accounts 20106,1 k €↑
2009
Annual accounts 2009-12,1 k €↓
2008
Annual accounts 2008-10,1 k €↓
2007
Annual accounts 200711,5 k €
19/10/1988
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

NEPTUNE

Overview

What does NEPTUNE do?

Trend over 19 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