ACTIVE

FLUMAT

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Financial year 2025 · closed on 31/12/2025

Net result

6,8 k €

+455.9% YoY

Gross margin

150,9 k €

-13.6% YoY

Equity

509,1 k €

+1.4% YoY

What does FLUMAT do?

FLUMAT is a Public limited company incorporated in 1990. Its registered office is in Aalst.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.268.251

Incorporation

20/02/1990

Legal form

Public limited company

Registered office

Dokter De Moorstraat 98
9300 Aalst · FlandreSee on map

Contributed capital

388 525,47 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 21 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006		2005
Income statement
Gross margin	150,9 k €	-13.6%	174,7 k €	-51.5%	359,9 k €	+82.1%	197,6 k €	+15.1%	171,7 k €	+9.5%	156,8 k €	-4.3%	163,9 k €	+4.6%	156,6 k €	+3.0%	152 k €	+2.6%	148,2 k €	+12.2%	132,1 k €	+5.3%	125,5 k €	-7.4%	135,5 k €	+1.5%	133,4 k €	+50.4%	88,7 k €	+22.7%	72,3 k €	+8.3%	66,8 k €	+22.0%	54,7 k €	-19.4%	67,8 k €	-15.9%	80,7 k €	+6.0%	76,1 k €
EBITDA	100,9 k €	-15.3%	119,1 k €	-51.6%	246 k €	+74.2%	141,2 k €	+188%	49,1 k €	-55.1%	109,3 k €	-6.1%	116,4 k €	+1.7%	114,4 k €	+6.5%	107,4 k €	+0.9%	106,4 k €	+20.9%	88 k €	-0.6%	88,6 k €	+2.4%	86,4 k €	+14.5%	75,5 k €	+35.1%	55,9 k €	+42.4%	39,2 k €	+2.5%	38,3 k €	+61.0%	23,8 k €	-38.8%	38,9 k €	-22.3%	50 k €	+25.8%	39,8 k €
Operating result	37,2 k €	+16.0%	32,1 k €	-79.9%	159,8 k €	+208%	51,8 k €	+347%	-21 k €	-153%	39,5 k €	-25.3%	52,9 k €	+41.6%	37,4 k €	+19.9%	31,1 k €	-8.6%	34,1 k €	+11.1%	30,7 k €	-0.1%	30,7 k €	+8.2%	28,4 k €	+62.1%	17,5 k €	-7.7%	19 k €	+604%	2,7 k €	-3.5%	2,8 k €	+143%	-6,4 k €	-179%	8,2 k €	-56.6%	18,9 k €	+107%	9,1 k €
Net result	6,8 k €	+456%	-1,9 k €	-102%	124,2 k €	+1306%	8,8 k €	+124%	-36,4 k €	-251%	24,1 k €	-35.8%	37,5 k €	+79.3%	20,9 k €	+42.2%	14,7 k €	-16.7%	17,6 k €	+24.1%	14,2 k €	-2.9%	14,7 k €	+54.5%	9,5 k €	+860%	-1,2 k €	-8235%	-15 €	+99.9%	-16,2 k €	+10.0%	-17,9 k €	+32.9%	-26,7 k €	-213%	-8,6 k €	-220%	-2,7 k €	+79.3%	-12,9 k €
Balance sheet
Equity	509,1 k €	+1.4%	502,3 k €	-6.8%	539,2 k €	+29.9%	415 k €	+2.2%	406,1 k €	-8.2%	442,5 k €	+5.8%	418,4 k €	+9.8%	380,9 k €	+5.8%	360 k €	+4.3%	345,3 k €	+5.4%	327,7 k €	+4.5%	313,5 k €	+4.9%	298,8 k €	+3.3%	289,3 k €	-0.4%	290,6 k €	+0.0%	290,5 k €	+412%	56,7 k €	-24.0%	74,6 k €	-26.4%	101,4 k €	-7.8%	109,9 k €	-2.4%	112,6 k €
Total assets	1,1 M €	-2.8%	1,2 M €	-2.9%	1,2 M €	-4.0%	1,3 M €	-4.7%	1,3 M €	+50.5%	881,4 k €	-2.4%	903,3 k €	+3.1%	876,5 k €	-11.3%	988 k €	-0.8%	996,4 k €	-4.1%	1 M €	-0.2%	1 M €	+20.3%	865,9 k €	+16.8%	741 k €	+40.0%	529,5 k €	+0.5%	526,7 k €	-2.3%	539,1 k €	+55.1%	347,5 k €	-12.1%	395,3 k €	-7.5%	427,3 k €	-9.9%	474 k €
Cash	105,7 k €	+681%	13,5 k €	+218%	4,3 k €	-86.9%	32,6 k €	+145%	13,3 k €	-89.8%	130,7 k €	+55.6%	84 k €	+326%	19,7 k €	-68.4%	62,4 k €	+81.5%	34,4 k €	+56.7%	21,9 k €	+12.2%	19,5 k €	+136%	8,3 k €	-67.0%	25,2 k €	+164%	9,5 k €	+82.5%	5,2 k €	+61.7%	3,2 k €	-33.4%	4,9 k €	-64.8%	13,8 k €	+10.3%	12,5 k €	-12.0%	14,2 k €
Debts	636 k €	-6.0%	676,2 k €	+0.3%	674,5 k €	-20.5%	848,8 k €	-7.8%	920,5 k €	+110%	438,8 k €	-9.5%	484,8 k €	-2.2%	495,6 k €	-21.1%	628 k €	-3.5%	651 k €	-8.5%	711,5 k €	-2.3%	727,8 k €	+28.4%	567 k €	+25.5%	451,7 k €	+89.1%	238,9 k €	+1.1%	236,2 k €	-1.9%	240,9 k €	-8.8%	264 k €	-10.2%	293,9 k €	-7.4%	317,3 k €	-9.0%	348,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 11 ended

Active mandates

Gunst Stijn

Mandate

Active

Gunst Thijs

Mandate

Active

Ended mandates

freddy gunst

Chairman of the board of directors · since 02 octobre 1990

Ended

Lutgarde De Cuyper

Director · since 02 octobre 1990

Ended

freddy gunst

Director · since 21 février 1990

Ended

lutgarde de cuyper

Director · since 21 février 1990

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro 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	30/05/2026	28/05/2025	29/05/2024	07/06/2023	28/06/2022	19/05/2021
General meeting	30/04/2026	30/04/2025	30/04/2024	30/04/2023	30/04/2022	30/04/2021
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
Abridged model	31/12/2025	30/04/2026	30/05/2026	Dutch	PDF
Abridged model	31/12/2024	30/04/2025	28/05/2025	Dutch	PDF
Abridged model	31/12/2023	30/04/2024	29/05/2024	Dutch	PDF
Abridged model	31/12/2022	30/04/2023	07/06/2023	Dutch	PDF
Micro model	31/12/2021	30/04/2022	28/06/2022	Dutch	PDF
Micro model	31/12/2020	30/04/2021	19/05/2021	Dutch	PDF
Micro modelCorrection	31/12/2019	30/04/2020	25/10/2020	Dutch	PDF
Micro model	31/12/2019	30/04/2020	28/05/2020	Dutch	PDF
Abridged model	31/12/2018	30/04/2019	29/05/2019	Dutch	PDF
Micro model	31/12/2017	30/04/2018	25/05/2018	Dutch	PDF
Abridged model	31/12/2016	30/04/2017	19/05/2017	Dutch	PDF
Abridged model	31/12/2015	30/04/2016	27/05/2016	Dutch	PDF
Abridged model	31/12/2014	30/04/2015	31/05/2015	Dutch	PDF
Abridged model	31/12/2013	30/04/2014	28/05/2014	Dutch	PDF
Abridged model	31/12/2012	30/04/2013	30/05/2013	Dutch	PDF
Abridged model	31/12/2011	30/04/2012	08/06/2012	Dutch	PDF
Abridged model	31/12/2010	30/04/2011	11/09/2011	Dutch	PDF
Abridged model	31/12/2009	30/04/2010	23/06/2010	Dutch	PDF
Abridged model	31/12/2008	30/04/2009	18/05/2009	Dutch	PDF
Abridged model	31/12/2007	30/04/2008	28/05/2008	Dutch	PDF
Abridged model	31/12/2006	30/04/2007	11/02/2008	Dutch	PDF
Abridged modelCorrection	31/12/2005	30/04/2006	11/02/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/12/2024 · 2 active · 11 ended

Active mandates

Gunst Stijn

Mandate

Active

Gunst Thijs

Mandate

Active

Ended mandates

freddy gunst

Chairman of the board of directors · since 02 octobre 1990

Ended

Lutgarde De Cuyper

Director · since 02 octobre 1990

Ended

freddy gunst

Director · since 21 février 1990

Ended

lutgarde de cuyper

Director · since 21 février 1990

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares28/12/2023
DIVERSEN - KAPITAAL - AANDELEN
PDF
Mandates30/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/12/2010
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/08/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/03/2003
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - 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 20256,8 k €↑
2024
Annual accounts 2024-1,9 k €↓
2023
Annual accounts 2023124,2 k €↑
2022
Annual accounts 20228,8 k €↑
2021
Annual accounts 2021-36,4 k €↓
2020
Annual accounts 202024,1 k €↓
2019
Annual accounts 201937,5 k €↑
2018
Annual accounts 201820,9 k €↑
2017
Annual accounts 201714,7 k €↓
2016
Annual accounts 201617,6 k €↑
2015
Annual accounts 201514,2 k €↓
2014
Annual accounts 201414,7 k €↑
2013
Annual accounts 20139,5 k €↑
2012
Annual accounts 2012-1,2 k €↓
2011
Annual accounts 2011-15 €↑
2010
Annual accounts 2010-16,2 k €↑
2009
Annual accounts 2009-17,9 k €↑
2008
Annual accounts 2008-26,7 k €↓
2007
Annual accounts 2007-8,6 k €↓
2006
Annual accounts 2006-2,7 k €↑
2005
Annual accounts 2005-12,9 k €
20/02/1990
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

FLUMAT

Overview

What does FLUMAT do?

Trend over 21 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