NORMAL SITUATION

PULLAAR

Financial year 2025 · closed on 31/12/2025
Net result
27,3 k €
+171.7% YoY
Gross margin
28,5 k €
+178.2% YoY
Equity
160,5 k €
+20.5% YoY

Company — Normal situation.

Strike-off: 23 juillet 2026

What does PULLAAR do?

PULLAAR is a Public limited company incorporated in 1991.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0446.217.519
Incorporation
31/12/1991
Legal form
Public limited company
Contributed capital
106 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin28,5 k €-36,5 k €-53,5 k €-30,4 k €70,5 k €-11,8 k €-13,3 k €-14,5 k €-3,8 k €-4,2 k €-3,9 k €10,2 k €99,6 k €6,1 k €49,4 k €-2,2 k €98,8 k €222,7 k €160,0 k €225,1 k €
EBITDA27,9 k €-37,6 k €-54,6 k €-31,4 k €69,6 k €-12,7 k €-14,3 k €-15,5 k €-4,7 k €-5,3 k €-5,1 k €9,4 k €99,6 k €-42,4 k €49,4 k €-3,3 k €33,8 k €-111,3 k €156,8 k €152,7 k €
Operating result27,9 k €-37,6 k €-54,6 k €-31,4 k €69,6 k €-12,7 k €-14,3 k €-15,5 k €-4,7 k €-5,3 k €-5,1 k €9,4 k €99,6 k €-42,4 k €49,4 k €-15,8 k €21,3 k €-123,8 k €144,3 k €140,2 k €
Net result27,3 k €-38,1 k €-55,1 k €-33,3 k €70,1 k €-9,4 k €-12,2 k €-15,5 k €-4,8 k €-5,4 k €-15,2 k €11,6 k €-26,0 k €-29,0 k €28,2 k €-31,6 k €14,9 k €-130,8 k €95,3 k €102,0 k €
Balance sheet
Equity160,5 k €133,2 k €171,3 k €226,4 k €259,8 k €189,6 k €199,0 k €211,3 k €226,8 k €231,6 k €237,0 k €252,1 k €240,5 k €269,1 k €298,1 k €270,0 k €310,9 k €296,0 k €426,8 k €331,6 k €
Total assets162,9 k €202,8 k €212,7 k €4,7 M €4,8 M €1,8 M €1,8 M €1,9 M €2,0 M €2,0 M €2,0 M €2,1 M €2,1 M €3,3 M €5,0 M €5,8 M €8,5 M €26,4 M €23,2 M €9,8 M €
Cash120,4 k €85,3 k €89,2 k €40,1 k €24,2 k €14,8 k €35,8 k €214,4 k €159,1 k €202,3 k €286,6 k €154,2 k €87,0 k €325,0 k €27,7 k €156,6 k €2,7 M €118,8 k €893,2 k €73,1 k €
Debts2,4 k €69,6 k €41,4 k €4,5 M €4,5 M €566,2 k €575,1 k €650,7 k €721,6 k €708,6 k €729,8 k €775,2 k €738,1 k €1,9 M €4,7 M €5,2 M €7,8 M €9,3 M €22,7 M €9,4 M €
Other
Workforce1,0 ETP
Governance

Board of directors

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

Active mandates

Henri Herbots

Director · since 21 mai 2021 · until 20 mai 2027

Active

Ended mandates

BlueBox Management

Director · since 20 mai 2022 · until 20 mai 2027 · 0826.524.726

Represented by Annik Herbots

Ended
Belsize

Director · since 21 mai 2021 · until 20 mai 2027 · 0890.242.937

Represented by Lyne Herbots

Ended
Henri Herbots

Director · since 21 mai 2021 · until 21 mai 2027

Ended
Henri Herbots

Managing director · since 21 mai 2021 · until 21 mai 2027

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date09/07/202607/07/202510/07/202430/08/202322/08/202228/07/2021
General meeting21/05/202615/05/202517/05/202430/06/202320/05/202221/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202521/05/202609/07/2026DutchPDF
Micro model31/12/202415/05/202507/07/2025DutchPDF
Micro model31/12/202317/05/202410/07/2024DutchPDF
Micro model31/12/202230/06/202330/08/2023DutchPDF
Micro model31/12/202120/05/202222/08/2022DutchPDF
Micro model31/12/202021/05/202128/07/2021DutchPDF
Micro model31/12/201915/05/202019/05/2020DutchPDF
Micro model31/12/201817/05/201924/06/2019DutchPDF
Abridged model31/12/201718/05/201811/06/2018DutchPDF
Abridged model31/12/201619/05/201726/06/2017DutchPDF
Abridged model31/12/201520/05/201613/06/2016DutchPDF
Abridged model31/12/201415/05/201508/06/2015DutchPDF
Abridged model31/12/201316/05/201413/06/2014DutchPDF
Abridged model31/12/201217/05/201303/06/2013DutchPDF
Abridged model31/12/201120/05/201222/06/2012DutchPDF
Abridged model31/12/201020/05/201129/07/2011DutchPDF
Abridged model31/12/200921/05/201008/10/2010DutchPDF
Abridged model31/12/200815/05/200920/10/2009DutchPDF
Abridged model31/12/200716/05/200826/09/2008DutchPDF
Abridged model31/12/200618/05/200728/06/2007DutchPDF
Estimate

Indicative valuation

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 · 31 ended

Active mandates

Henri Herbots

Director · since 21 mai 2021 · until 20 mai 2027

Active

Ended mandates

BlueBox Management

Director · since 20 mai 2022 · until 20 mai 2027 · 0826.524.726

Represented by Annik Herbots

Ended
Belsize

Director · since 21 mai 2021 · until 20 mai 2027 · 0890.242.937

Represented by Lyne Herbots

Ended
Henri Herbots

Director · since 21 mai 2021 · until 21 mai 2027

Ended
Henri Herbots

Managing director · since 21 mai 2021 · until 21 mai 2027

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates14/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares19/07/2024
    KAPITAAL - AANDELEN
    PDF
  • Other09/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates17/01/2023
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/12/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/10/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/07/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares25/04/2012
    KAPITAAL - AANDELEN - 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

Timeline

  1. 2025
    Annual accounts 202527,3 k €
  2. 2024
    Annual accounts 2024-38,1 k €
  3. 2023
    Annual accounts 2023-55,1 k €
  4. 2022
    Annual accounts 2022-33,3 k €
  5. 2021
    Annual accounts 202170,1 k €
  6. 2020
    Annual accounts 2020-9,4 k €
  7. 2019
    Annual accounts 2019-12,2 k €
  8. 2018
    Annual accounts 2018-15,5 k €
  9. 2017
    Annual accounts 2017-4,8 k €
  10. 2016
    Annual accounts 2016-5,4 k €
  11. 2015
    Annual accounts 2015-15,2 k €
  12. 2014
    Annual accounts 201411,6 k €
  13. 2013
    Annual accounts 2013-26,0 k €
  14. 2012
    Annual accounts 2012-29,0 k €
  15. 2011
    Annual accounts 201128,2 k €
  16. 2010
    Annual accounts 2010-31,6 k €
  17. 2009
    Annual accounts 200914,9 k €
  18. 2008
    Annual accounts 2008-130,8 k €
  19. 2007
    Annual accounts 200795,3 k €
  20. 2006
    Annual accounts 2006102,0 k €
  21. 31/12/1991
    IncorporationPublic limited company