ACTIVE

GULLIVER

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Financial year 2025 · closed on 31/12/2025

Net result

33,5 k €

-37.8% YoY

Gross margin

141,2 k €

-10.1% YoY

Equity

533,9 k €

+6.7% YoY

Workforce

2,2 ETP

+10.0% YoY

What does GULLIVER do?

GULLIVER is a Private limited company incorporated in 1994. Its main activity is: Retail sale of clothing in specialised stores. Its registered office is in Bruxelles. It employs on average 2,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.787.396

Incorporation

14/01/1994

Legal form

Private limited company

Registered office

Avenue Louise 160A box 28
1050 Bruxelles · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

2,2 ETP

Activities (NACE)

47716Retail sale of clothing in specialised stores· main 47716Retail sale of clothing in specialised stores 52421Warehousing and support activities for transportation

Joint committees (4)

100
1000
201
2010

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	141,2 k €	-10.1%	157 k €	+21.7%	129,1 k €	-21.6%	164,6 k €	+6.7%	154,2 k €	+125%	68,4 k €	+153%	27 k €	-42.7%	47,2 k €	-56.1%	107,5 k €	-21.2%	136,4 k €	-30.7%	196,8 k €	+98.1%	99,3 k €	-52.7%	210,1 k €	+33.8%	157 k €	-37.4%	250,7 k €	-17.4%	303,6 k €	+88.8%	160,8 k €	-24.5%	212,9 k €	+11.0%	191,8 k €	+2.8%	186,6 k €
EBITDA	34 k €	-49.0%	66,6 k €	-13.9%	77,4 k €	-34.0%	117,3 k €	+3.6%	113,2 k €	+224%	34,9 k €	+265%	-21,2 k €	-459%	5,9 k €	+109%	-68,9 k €	-840%	9,3 k €	-89.6%	89,8 k €	+539%	-20,5 k €	-121%	95,8 k €	+75.4%	54,6 k €	-63.3%	149 k €	-16.8%	179,2 k €	+347%	40,1 k €	-63.5%	109,8 k €	+27.9%	85,9 k €	-7.0%	92,3 k €
Operating result	44,2 k €	-32.0%	65 k €	+35.1%	48,1 k €	-57.0%	111,9 k €	+6.3%	105,3 k €	+3377%	3 k €	+112%	-25,2 k €	-335%	10,7 k €	+116%	-67,1 k €	-142%	-27,7 k €	-158%	47,8 k €	+167%	-71 k €	-196%	73,9 k €	+398%	14,8 k €	-72.9%	54,6 k €	-60.4%	138,1 k €	+601%	-27,5 k €	-156%	49,2 k €	-44.5%	88,7 k €	+56.5%	56,7 k €
Net result	33,5 k €	-37.8%	53,9 k €	+30.8%	41,2 k €	-51.3%	84,6 k €	+0.1%	84,5 k €	+1085%	7,1 k €	+144%	-16,3 k €	-186%	19 k €	+130%	-62,7 k €	-120%	-28,6 k €	-184%	34,2 k €	+149%	-69,3 k €	-236%	50,9 k €	+4480%	1,1 k €	-97.3%	40,6 k €	-62.8%	109,4 k €	+459%	-30,5 k €	-167%	45,7 k €	-20.4%	57,4 k €	+17.2%	48,9 k €
Balance sheet
Equity	533,9 k €	+6.7%	500,4 k €	-6.7%	536,5 k €	+6.2%	505,1 k €	+20.1%	420,5 k €	+23.3%	341 k €	+2.1%	333,9 k €	-4.7%	350,2 k €	+5.8%	331,1 k €	-15.9%	393,9 k €	-6.8%	422,5 k €	+3.5%	408 k €	+5.3%	387,3 k €	-12.9%	444,4 k €	-1.5%	451,4 k €	+7.8%	418,8 k €	+31.9%	317,5 k €	-8.8%	348 k €	+15.1%	302,3 k €	+37.3%	220,2 k €
Total assets	726,8 k €	+3.3%	703,4 k €	+6.5%	660,5 k €	+7.7%	613,2 k €	+29.5%	473,5 k €	+18.7%	398,9 k €	+1.9%	391,4 k €	-3.7%	406,2 k €	-0.7%	409 k €	-22.4%	527 k €	-9.8%	584,2 k €	-0.5%	587 k €	-1.7%	597,4 k €	+9.1%	547,7 k €	-13.5%	633 k €	+2.3%	618,5 k €	+15.4%	535,8 k €	+21.7%	440,3 k €	+3.0%	427,4 k €	+20.4%	355 k €
Cash	379,5 k €	+25.1%	303,5 k €	+662%	39,8 k €	-26.7%	54,3 k €	-18.8%	66,9 k €	-36.9%	106 k €	-7.3%	114,4 k €	-20.0%	143 k €	+47.6%	96,9 k €	-3.4%	100,3 k €	-21.8%	128,3 k €	+90.1%	67,5 k €	-54.6%	148,7 k €	+83.1%	81,2 k €	+119%	37,1 k €	-73.9%	142,1 k €	+110%	67,5 k €	-20.0%	84,4 k €	+23.1%	68,6 k €	+61.2%	42,6 k €
Debts	192,9 k €	-5.0%	203,1 k €	+63.8%	124 k €	+22.0%	101,6 k €	+94.4%	52,3 k €	-9.7%	57,9 k €	+0.6%	57,5 k €	+2.6%	56 k €	-28.0%	77,8 k €	-41.5%	133,1 k €	-17.7%	161,7 k €	-9.6%	179 k €	-14.8%	210,1 k €	+103%	103,3 k €	-43.2%	181,6 k €	-9.1%	199,7 k €	-8.5%	218,4 k €	+136%	92,4 k €	-26.1%	125,1 k €	-7.2%	134,8 k €
Other
Workforce	2,2 ETP	+10.0%	2,0 ETP	+100%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-9.1%	1,1 ETP	0.0%	1,1 ETP		–		3,0 ETP	+15.4%	2,6 ETP	-21.2%	3,3 ETP	-19.5%	4,1 ETP	0.0%	4,1 ETP	+64.0%	2,5 ETP	-3.8%	2,6 ETP	0.0%	2,6 ETP	+4.0%	2,5 ETP	-3.8%	2,6 ETP	-21.2%	3,3 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 31/12/2025 · 1 active · 15 ended

Active mandates

Emmanuel Steurs

Director · since 02 avril 2022

Active

Ended mandates

Emmanuel Steurs

Managing director · since 02 avril 2022 · until 02 avril 2028

Ended

Gaëtan Emmery

Director · since 02 avril 2022 · until 02 avril 2028

Ended

Pascale Middagh

Director · since 02 avril 2022 · until 02 avril 2028

Ended

Pascale Middagh

Director · since 01 janvier 2019 · until 03 avril 2022

Ended

At this address

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INTERNATIONAL IMPORT● Active	0425.490.104

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	01/01/2025	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	02/06/2026	02/07/2025	30/08/2024	28/06/2023	31/08/2022	28/07/2021
General meeting	04/04/2026	05/04/2025	06/04/2024	01/04/2023	02/04/2022	03/04/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/04/2026	02/06/2026	French	PDF
Abridged model	31/12/2024	05/04/2025	02/07/2025	French	PDF
Abridged model	31/12/2023	06/04/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	01/04/2023	28/06/2023	French	PDF
Abridged model	31/12/2021	02/04/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	03/04/2021	28/07/2021	French	PDF
Abridged model	31/12/2019	04/04/2020	30/06/2020	French	PDF
Abridged model	31/12/2018	06/04/2019	07/08/2019	French	PDF
Micro model	31/12/2017	07/04/2018	30/09/2018	French	PDF
Abridged model	31/12/2016	01/04/2017	23/08/2017	French	PDF
Abridged model	31/12/2015	02/04/2016	10/08/2016	French	PDF
Abridged model	31/12/2014	04/04/2015	12/08/2015	French	PDF
Abridged model	31/12/2013	05/04/2014	02/07/2014	French	PDF
Abridged model	31/12/2012	06/04/2013	26/06/2013	French	PDF
Abridged model	31/12/2011	02/04/2012	08/07/2012	French	PDF
Abridged model	31/12/2010	02/04/2011	27/06/2011	French	PDF
Abridged model	31/12/2009	03/04/2010	25/06/2010	French	PDF
Abridged model	31/12/2008	04/04/2009	28/04/2009	French	PDF
Abridged model	31/12/2007	05/04/2008	06/05/2008	French	PDF
Abridged model	31/12/2006	07/04/2007	29/05/2007	French	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 31/12/2025 · 1 active · 15 ended

Active mandates

Emmanuel Steurs

Director · since 02 avril 2022

Active

Ended mandates

Emmanuel Steurs

Managing director · since 02 avril 2022 · until 02 avril 2028

Ended

Gaëtan Emmery

Director · since 02 avril 2022 · until 02 avril 2028

Ended

Pascale Middagh

Director · since 02 avril 2022 · until 02 avril 2028

Ended

Pascale Middagh

Director · since 01 janvier 2019 · until 03 avril 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates12/06/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates14/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates22/02/2019
DEMISSIONS, NOMINATIONS
PDF
Capital / shares21/02/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
PDF
Mandates25/08/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates22/09/2004
DEMISSIONS, NOMINATIONS
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 202533,5 k €↓
2024
Annual accounts 202453,9 k €↑
2023
Annual accounts 202341,2 k €↓
2022
Annual accounts 202284,6 k €↑
2021
Annual accounts 202184,5 k €↑
2020
Annual accounts 20207,1 k €↑
2019
Annual accounts 2019-16,3 k €↓
2018
Annual accounts 201819 k €↑
2017
Annual accounts 2017-62,7 k €↓
2016
Annual accounts 2016-28,6 k €↓
2015
Annual accounts 201534,2 k €↑
2014
Annual accounts 2014-69,3 k €↓
2013
Annual accounts 201350,9 k €↑
2012
Annual accounts 20121,1 k €↓
2011
Annual accounts 201140,6 k €↓
2010
Annual accounts 2010109,4 k €↑
2009
Annual accounts 2009-30,5 k €↓
2008
Annual accounts 200845,7 k €↓
2007
Annual accounts 200757,4 k €↑
2006
Annual accounts 200648,9 k €
14/01/1994
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

GULLIVER

Overview

What does GULLIVER do?

Trend over 20 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