ACTIVE

HULLYNCK

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Financial year 2025 · closed on 31/12/2025

Net result

-173,1 k €

+19.9% YoY

Gross margin

681,9 k €

-26.2% YoY

Equity

6,9 M €

-2.5% YoY

What does HULLYNCK do?

HULLYNCK is a Private limited company incorporated in 1991. Its registered office is in Tielt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.712.939

Incorporation

20/03/1991

Legal form

Private limited company

Registered office

Sint-Janstraat 185
8700 Tielt · FlandreSee on map

Contributed capital

3 780 000,00 €

Latest accounts

31/12/2025

Signals

Solid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	681,9 k €	-26.2%	924,2 k €	+40.6%	657,5 k €	+33.2%	493,7 k €	-15.1%	581,6 k €	+4.4%	556,9 k €	-19.4%	691,3 k €	+16.4%	593,9 k €	+11.0%	535,3 k €	+23.6%	433,1 k €	+40.7%	307,8 k €	+31.8%	233,6 k €	-62.8%	628,5 k €	+680%	80,6 k €	-74.8%	319,9 k €	+363%	69,1 k €	-52.2%	144,3 k €	+44.3%	100 k €
EBITDA	603,2 k €	-25.2%	806,5 k €	+37.3%	587,6 k €	+39.9%	420,1 k €	+158%	162,9 k €	-30.1%	233,1 k €	-63.8%	643,7 k €	+14.2%	563,9 k €	+11.6%	505,4 k €	+27.3%	397,1 k €	+35.6%	292,8 k €	+37.4%	213,1 k €	-65.5%	617,3 k €	+778%	70,3 k €	-77.3%	309,8 k €	+601%	44,2 k €	-66.8%	133,3 k €	+49.2%	89,3 k €
Operating result	26,9 k €	-76.8%	115,6 k €	+144%	-264,1 k €	-13.8%	-232,1 k €	+47.1%	-439,2 k €	+19.9%	-548,4 k €	-243%	383,5 k €	+30.9%	293,1 k €	+2.9%	284,8 k €	+60.0%	178 k €	+18.0%	150,9 k €	+7.5%	140,4 k €	-74.1%	541,8 k €	+729%	-86,1 k €	-151%	167,6 k €	+226%	-132,7 k €	-609%	26,1 k €	+148%	-54,4 k €
Net result	-173,1 k €	+19.9%	-216,3 k €	+52.9%	-459,4 k €	-39.3%	-329,9 k €	+41.0%	-559,2 k €	+16.1%	-666,7 k €	-376%	241,6 k €	+153%	95,4 k €	-62.6%	255,2 k €	-41.2%	434,1 k €	+99.7%	217,4 k €	-14.5%	254,2 k €	-63.4%	695,1 k €	+1023%	-75,3 k €	-138%	196,8 k €	+435%	-58,8 k €	-193%	63,3 k €	+172%	-87,9 k €
Balance sheet
Equity	6,9 M €	-2.5%	7 M €	-3.8%	7,3 M €	-5.9%	7,8 M €	-4.1%	8,1 M €	-12.2%	9,2 M €	-6.5%	9,9 M €	+567%	1,5 M €	+4.8%	1,4 M €	+1.7%	1,4 M €	+2.7%	1,4 M €	+2.5%	1,3 M €	-7.1%	1,4 M €	+95.6%	727 k €	-9.4%	802,3 k €	+32.5%	605,5 k €	-8.9%	664,3 k €	+10.5%	601 k €
Total assets	16,2 M €	-4.8%	17 M €	+2.9%	16,5 M €	+6.1%	15,6 M €	-1.8%	15,9 M €	-11.6%	18 M €	+18.1%	15,2 M €	+126%	6,7 M €	+1.2%	6,6 M €	-4.1%	6,9 M €	+0.7%	6,9 M €	+18.6%	5,8 M €	+45.7%	4 M €	+10.3%	3,6 M €	+6.9%	3,4 M €	+33.7%	2,5 M €	+15.0%	2,2 M €	+3.8%	2,1 M €
Cash	44,8 k €	+79.2%	25 k €	-5.1%	26,3 k €	-64.7%	74,6 k €	+34.1%	55,6 k €	-20.2%	69,7 k €	+619%	9,7 k €	-79.0%	46,1 k €	+19.6%	38,5 k €	-18.1%	47,1 k €	+376%	9,9 k €	-76.1%	41,4 k €	+259%	11,5 k €	-70.8%	39,5 k €	-59.1%	96,5 k €	+900%	9,7 k €	-74.5%	37,9 k €	+6.0%	35,8 k €
Debts	9,1 M €	-6.0%	9,6 M €	+7.8%	8,9 M €	+19.1%	7,5 M €	+1.3%	7,4 M €	-10.4%	8,3 M €	+63.3%	5,1 M €	-1.3%	5,1 M €	+0.2%	5,1 M €	-5.8%	5,4 M €	+0.1%	5,4 M €	+24.0%	4,4 M €	+83.1%	2,4 M €	-14.1%	2,8 M €	+12.3%	2,5 M €	+37.5%	1,8 M €	+25.8%	1,4 M €	-1.5%	1,5 M €
Other
Workforce	–		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 24 ended

Active mandates

Karel Vlaemynck

Director

Active

Ended mandates

Karel Vlaemynck

Director · since 01 juillet 2017

Ended

Karel Vlaemynck

Manager · since 01 juillet 2017

Ended

Vlaemynck Invest

Manager · since 30 mars 2016 · 0883.085.624

Represented by Karel Vlaemynck

Ended

Diederick Vlaemynck

Director · since 24 juin 2014 · until 30 mars 2016

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Micro model	Abridged model	Abridged 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	31/08/2026	29/08/2025	30/08/2024	31/08/2023	30/08/2022	30/09/2021
General meeting	25/08/2026	22/08/2025	29/08/2024	31/07/2023	29/08/2022	30/08/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	25/08/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	22/08/2025	29/08/2025	Dutch	PDF
Micro model	31/12/2023	29/08/2024	30/08/2024	Dutch	PDF
Micro model	31/12/2022	31/07/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	29/08/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	30/08/2021	30/09/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	30/10/2020	Dutch	PDF
Abridged model	31/12/2018	26/09/2019	30/09/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	29/08/2017	Dutch	PDF
Abridged model	31/12/2015	09/05/2016	31/05/2016	Dutch	PDF
Abridged model	31/12/2014	31/07/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	24/06/2014	18/07/2014	Dutch	PDF
Abridged model	31/12/2012	25/06/2013	16/07/2013	Dutch	PDF
Abridged model	31/12/2011	31/07/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	28/06/2011	27/07/2011	Dutch	PDF
Abridged model	31/12/2009	31/07/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	27/07/2009	Dutch	PDF
Abridged model	31/12/2007	24/06/2008	24/07/2008	Dutch	PDF
Abridged model	31/12/2006	26/06/2007	27/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 1 active · 24 ended

Active mandates

Karel Vlaemynck

Director

Active

Ended mandates

Karel Vlaemynck

Director · since 01 juillet 2017

Ended

Karel Vlaemynck

Manager · since 01 juillet 2017

Ended

Vlaemynck Invest

Manager · since 30 mars 2016 · 0883.085.624

Represented by Karel Vlaemynck

Ended

Diederick Vlaemynck

Director · since 24 juin 2014 · until 30 mars 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring26/06/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates26/01/2024
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/01/2018
KAPITAAL - AANDELEN
PDF
Mandates25/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/04/2016
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates05/09/2014
ONTSLAGEN - BENOEMINGEN
PDF
Registered office12/03/2014
MAATSCHAPPELIJKE ZETEL
PDF
Mandates08/09/2008
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 2025-173,1 k €↑
2024
Annual accounts 2024-216,3 k €↑
2023
Annual accounts 2023-459,4 k €↓
2022
Annual accounts 2022-329,9 k €↑
2021
Annual accounts 2021-559,2 k €↑
2018
Annual accounts 2018-666,7 k €↓
2017
Annual accounts 2017241,6 k €↑
2016
Annual accounts 201695,4 k €↓
2015
Annual accounts 2015255,2 k €↓
2014
Annual accounts 2014434,1 k €↑
2013
Annual accounts 2013217,4 k €↓
2012
Annual accounts 2012254,2 k €↓
2011
Annual accounts 2011695,1 k €↑
2010
Annual accounts 2010-75,3 k €↓
2009
Annual accounts 2009196,8 k €↑
2008
Annual accounts 2008-58,8 k €↓
2007
Annual accounts 200763,3 k €↑
2006
Annual accounts 2006-87,9 k €
20/03/1991
IncorporationPrivate 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

HULLYNCK

Overview

What does HULLYNCK do?

Trend over 18 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