ACTIVE

RUSSELL

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Financial year 2025 · closed on 30/06/2025

Net result

181,4 k €

+638.7% YoY

Gross margin

320,5 k €

+213.9% YoY

Equity

1,2 M €

+12.3% YoY

Workforce

0,7 ETP

0.0% YoY

What does RUSSELL do?

RUSSELL is a Private limited company incorporated in 1994. Its registered office is in Knokke-Heist. It employs on average 0,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.642.193

Incorporation

04/01/1994

Legal form

Private limited company

Registered office

Zoutelaan 8
8300 Knokke-Heist · FlandreSee on map

Contributed capital

196 800,00 €

Latest accounts

30/06/2025

Average workforce

0,7 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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		2006
Income statement
Gross margin	320,5 k €	+214%	102,1 k €	-8.8%	111,9 k €	-3.3%	115,7 k €	+7.4%	107,7 k €	-6.3%	114,9 k €	-28.7%	161,2 k €	-17.1%	194,3 k €	-29.8%	276,7 k €	+10.5%	250,4 k €	+24.9%	200,5 k €	+3.5%	193,6 k €	-75.8%	800,5 k €	-3.6%	830,6 k €	+28.7%	645,3 k €	-11.9%	732,5 k €	+35.1%	542,2 k €	-42.6%	945,4 k €	+4.8%	901,8 k €
EBITDA	284,8 k €	+303%	70,7 k €	-8.1%	77 k €	-9.4%	84,9 k €	+7.5%	78,9 k €	-0.2%	79,1 k €	-23.3%	103,1 k €	-15.6%	122,2 k €	+213%	-108,6 k €	-182%	132,8 k €	+47.4%	90,1 k €	+13.0%	79,7 k €	-88.0%	664,3 k €	+2.9%	645,3 k €	+32.7%	486,3 k €	-16.6%	583,4 k €	+37.2%	425,3 k €	-6.2%	453,4 k €	-12.3%	516,7 k €
Operating result	249,2 k €	+742%	29,6 k €	-43.7%	52,6 k €	-18.1%	64,2 k €	+15.0%	55,8 k €	-0.6%	56,2 k €	-30.0%	80,3 k €	-20.0%	100,4 k €	+152%	-194 k €	-548%	43,3 k €	+2958%	-1,5 k €	+88.7%	-13,4 k €	-103%	525,7 k €	+43.5%	366,3 k €	-10.6%	409,7 k €	-18.3%	501,5 k €	+48.4%	337,9 k €	-36.4%	531,2 k €	+65.0%	321,9 k €
Net result	181,4 k €	+639%	24,6 k €	-62.6%	65,6 k €	+34.7%	48,7 k €	-0.2%	48,8 k €	-6.8%	52,4 k €	-36.0%	81,9 k €	-15.0%	96,3 k €	+140%	-243,4 k €	-759%	36,9 k €	+195%	12,5 k €	-96.4%	351,2 k €	-6.8%	377 k €	+32.0%	285,7 k €	-17.1%	344,5 k €	-13.1%	396,2 k €	+361%	86 k €	-78.0%	391,2 k €	-11.9%	444,2 k €
Balance sheet
Equity	1,2 M €	+12.3%	1 M €	-54.3%	2,3 M €	-1.3%	2,3 M €	+0.6%	2,3 M €	+2.2%	2,3 M €	+2.4%	2,2 M €	+3.9%	2,1 M €	+4.7%	2 M €	-10.7%	2,3 M €	+1.7%	2,2 M €	+0.6%	2,2 M €	-40.4%	3,7 M €	+11.2%	3,4 M €	+0.8%	3,3 M €	+1.4%	3,3 M €	+9.9%	3 M €	+176%	1,1 M €	+3.0%	1,1 M €
Total assets	2 M €	+10.7%	1,8 M €	-38.0%	2,9 M €	+7.8%	2,7 M €	+7.0%	2,5 M €	+2.1%	2,5 M €	+2.6%	2,4 M €	+3.1%	2,4 M €	-3.2%	2,4 M €	-23.3%	3,2 M €	+15.9%	2,7 M €	-18.9%	3,4 M €	-29.1%	4,7 M €	+2.7%	4,6 M €	+5.6%	4,4 M €	+8.8%	4 M €	+6.4%	3,8 M €	+73.1%	2,2 M €	-8.8%	2,4 M €
Cash	38 k €	-8.6%	41,6 k €	+139%	17,4 k €	+383%	3,6 k €	-98.8%	305,3 k €	-47.3%	579,4 k €	-2.7%	595,4 k €	-41.3%	1 M €	+799%	112,9 k €	-72.3%	407,3 k €	+3323%	11,9 k €	-97.3%	437,8 k €	+1233%	32,9 k €	+95.2%	16,8 k €	-2.4%	17,2 k €	+43.3%	12 k €	+204%	4 k €	-98.4%	254,3 k €	-74.1%	980 k €
Debts	646,1 k €	+11.1%	581,4 k €	+29.1%	450,3 k €	+118%	206,8 k €	+399%	41,5 k €	+5.7%	39,2 k €	+35.1%	29 k €	-10.0%	32,3 k €	-77.7%	144,7 k €	-78.7%	678,5 k €	+133%	290,9 k €	-68.8%	932,5 k €	+16.4%	801,1 k €	-24.8%	1,1 M €	+24.2%	857,1 k €	+53.0%	560,1 k €	-10.8%	627,7 k €	-30.7%	905,2 k €	-24.2%	1,2 M €
Other
Workforce	0,7 ETP	0.0%	0,7 ETP	0.0%	0,7 ETP	0.0%	0,7 ETP	+16.7%	0,6 ETP	-40.0%	1,0 ETP	-41.2%	1,7 ETP	-10.5%	1,9 ETP	-45.7%	3,5 ETP	+25.0%	2,8 ETP	0.0%	2,8 ETP	0.0%	2,8 ETP	+7.7%	2,6 ETP	-45.8%	4,8 ETP	+41.2%	3,4 ETP	-15.0%	4,0 ETP	+5.3%	3,8 ETP	-77.9%	17,2 ETP	-23.6%	22,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 4 ended

Active mandates

Hans Thiers

Director · since 27 juin 2023

Active

Ended mandates

Hans Thiers

Director · since 05 juillet 2023

Ended

Hans Thiers

Director · since 04 mars 2003

Ended

Hans Thiers

Manager · since 04 mars 2003

Ended

HANS THIERS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
JACK● Active	0465.976.716

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	30/01/2026	28/02/2025	28/02/2024	28/02/2023	28/02/2022	16/02/2021
General meeting	08/12/2025	09/12/2024	11/12/2023	12/12/2022	13/12/2021	14/12/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	08/12/2025	30/01/2026	Dutch	PDF
Abridged model	30/06/2024	09/12/2024	28/02/2025	Dutch	PDF
Abridged model	30/06/2023	11/12/2023	28/02/2024	Dutch	PDF
Abridged model	30/06/2022	12/12/2022	28/02/2023	Dutch	PDF
Abridged model	30/06/2021	13/12/2021	28/02/2022	Dutch	PDF
Abridged model	30/06/2020	14/12/2020	16/02/2021	Dutch	PDF
Abridged model	30/06/2019	09/12/2019	28/02/2020	Dutch	PDF
Abridged model	30/06/2018	10/12/2018	28/02/2019	Dutch	PDF
Abridged model	30/06/2017	30/12/2017	29/01/2018	Dutch	PDF
Abridged model	30/06/2016	12/12/2016	04/01/2017	Dutch	PDF
Abridged model	30/06/2015	14/12/2015	17/12/2015	Dutch	PDF
Abridged model	30/06/2014	08/12/2014	26/12/2014	Dutch	PDF
Abridged model	30/06/2013	09/12/2013	27/12/2013	Dutch	PDF
Abridged model	30/06/2012	10/12/2012	12/01/2013	Dutch	PDF
Abridged model	30/06/2011	12/12/2011	28/12/2011	Dutch	PDF
Abridged model	30/06/2010	13/12/2010	22/03/2011	Dutch	PDF
Abridged model	30/06/2009	14/12/2009	30/12/2009	Dutch	PDF
Abridged model	30/06/2008	08/12/2008	07/01/2009	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	10/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 active · 4 ended

Active mandates

Hans Thiers

Director · since 27 juin 2023

Active

Ended mandates

Hans Thiers

Director · since 05 juillet 2023

Ended

Hans Thiers

Director · since 04 mars 2003

Ended

Hans Thiers

Manager · since 04 mars 2003

Ended

HANS THIERS

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office27/06/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates07/07/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office02/10/2017
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares23/07/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares17/07/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares17/03/2009
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other21/01/2008
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BOEKJAAR
PDF
Capital / shares18/04/2005
ALGEMENE VERGADERING - 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

2025
Annual accounts 2025181,4 k €↑
2024
Annual accounts 202424,6 k €↓
2023
Annual accounts 202365,6 k €↑
2022
Annual accounts 202248,7 k €↓
2021
Annual accounts 202148,8 k €↓
2020
Annual accounts 202052,4 k €↓
2019
Annual accounts 201981,9 k €↓
2018
Annual accounts 201896,3 k €↑
2017
Annual accounts 2017-243,4 k €↓
2016
Annual accounts 201636,9 k €↑
2015
Annual accounts 201512,5 k €↓
2014
Annual accounts 2014351,2 k €↓
2013
Annual accounts 2013377 k €↑
2012
Annual accounts 2012285,7 k €↓
2011
Annual accounts 2011344,5 k €↓
2010
Annual accounts 2010396,2 k €↑
2009
Annual accounts 200986 k €↓
2008
Annual accounts 2008391,2 k €↓
2006
Annual accounts 2006444,2 k €
04/01/1994
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

RUSSELL

Overview

What does RUSSELL 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