ACTIVE

D'HULSTER

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Financial year 2025 · closed on 31/12/2025

Net result

55 k €

+151.1% YoY

Gross margin

145,9 k €

+59.9% YoY

Equity

268,1 k €

+25.8% YoY

What does D'HULSTER do?

D'HULSTER is a Private limited company incorporated in 1994. Its main activity is: Cutting, shaping and finishing of stone. Its registered office is in Roeselare.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.402.654

Incorporation

05/04/1994

Legal form

Private limited company

Registered office

Gitsestraat 224a
8800 Roeselare · FlandreSee on map

Contributed capital

49 578,70 €

Latest accounts

31/12/2025

Activities (NACE)

23700Cutting, shaping and finishing of stone· main 23700Cutting, shaping and finishing of stone 26700Manufacture of optical instruments and photographic equipment

Joint committees (5)

124
12400
200
20000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	145,9 k €	+59.9%	91,2 k €	-23.4%	119,1 k €	+67.6%	71,1 k €	-43.5%	125,8 k €	-8.7%	137,8 k €	+4.5%	131,8 k €	+13.7%	116 k €	-2.5%	118,9 k €	-1.9%	121,2 k €	+8.5%	111,7 k €	-16.4%	133,7 k €	+5.5%	126,7 k €	+19.6%	106 k €	+6.9%	99,1 k €	+7.0%	92,6 k €	+17.8%	78,6 k €	-28.4%	109,7 k €	+33.9%	82 k €	-31.4%	119,5 k €
EBITDA	120,7 k €	+80.7%	66,8 k €	-29.4%	94,6 k €	+92.0%	49,2 k €	-52.4%	103,6 k €	+45.9%	71 k €	+14.9%	61,7 k €	+17.1%	52,7 k €	+18.6%	44,5 k €	-11.8%	50,4 k €	+13.7%	44,3 k €	-35.9%	69,1 k €	+11.2%	62,2 k €	+31.4%	47,3 k €	-1.1%	47,8 k €	-23.0%	62,2 k €	+16.2%	53,5 k €	-33.8%	80,9 k €	+22.5%	66 k €	-35.9%	103,1 k €
Operating result	87,2 k €	+135%	37,2 k €	-41.2%	63,2 k €	+638%	8,6 k €	-78.8%	40,5 k €	+175%	14,7 k €	-21.5%	18,7 k €	+32.2%	14,2 k €	+92.8%	7,3 k €	-74.2%	28,4 k €	+16.7%	24,4 k €	-29.5%	34,5 k €	+83.7%	18,8 k €	+614%	2,6 k €	+132%	-8,1 k €	-539%	1,9 k €	-89.5%	17,7 k €	-12.1%	20,1 k €	-23.6%	26,3 k €	-65.9%	77,2 k €
Net result	55 k €	+151%	21,9 k €	-43.3%	38,6 k €	+2082%	1,8 k €	-92.4%	23,4 k €	+379%	4,9 k €	-45.0%	8,9 k €	-1.9%	9 k €	+765%	1 k €	-94.4%	18,5 k €	+6.5%	17,4 k €	-29.5%	24,7 k €	+184%	8,7 k €	+191%	-9,6 k €	+58.3%	-23 k €	-40.0%	-16,4 k €	-8328%	199,5 €	-86.9%	1,5 k €	-73.7%	5,8 k €	-90.7%	62,3 k €
Balance sheet
Equity	268,1 k €	+25.8%	213,1 k €	+11.5%	191,2 k €	+25.3%	152,6 k €	-9.9%	169,3 k €	+16.0%	146 k €	+3.5%	141,1 k €	+6.7%	132,2 k €	+7.3%	123,2 k €	+0.9%	122,1 k €	+17.9%	103,6 k €	+20.2%	86,2 k €	+40.2%	61,5 k €	+16.4%	52,8 k €	-15.4%	62,4 k €	-26.9%	85,4 k €	-16.1%	101,8 k €	+0.2%	101,6 k €	+1.5%	100,1 k €	+6.2%	94,3 k €
Total assets	489,1 k €	+15.7%	422,8 k €	+6.1%	398,6 k €	+0.1%	398,1 k €	-17.8%	484 k €	+9.2%	443,2 k €	-7.2%	477,6 k €	-5.9%	507,6 k €	-0.4%	509,6 k €	+40.9%	361,7 k €	-1.2%	365,9 k €	-0.1%	366,2 k €	-8.9%	402,1 k €	-6.1%	428,2 k €	-14.9%	503,2 k €	-8.1%	547,8 k €	+24.1%	441,3 k €	-8.8%	483,7 k €	-9.0%	531,6 k €	+14.3%	465 k €
Cash	151,8 k €	+14.1%	133,1 k €	+4.0%	128 k €	+5.0%	121,9 k €	-10.2%	135,7 k €	+50.2%	90,4 k €	+114%	42,2 k €	-42.0%	72,8 k €	+56.1%	46,6 k €	-25.4%	62,5 k €	+52.9%	40,9 k €	+41.0%	29 k €	+9.9%	26,4 k €	+12.8%	23,4 k €	+30.5%	17,9 k €	-57.5%	42,2 k €	-5.2%	44,5 k €	-14.9%	52,2 k €	+4.4%	50,1 k €	-49.6%	99,3 k €
Debts	218,3 k €	+5.9%	206,2 k €	+0.8%	204,6 k €	-15.9%	243,3 k €	-21.9%	311,6 k €	+6.7%	292 k €	-13.0%	335,4 k €	-9.2%	369,6 k €	-2.5%	378,9 k €	+63.0%	232,5 k €	-8.4%	253,8 k €	-6.6%	271,7 k €	-18.4%	332,8 k €	-9.8%	368,9 k €	-13.5%	426,4 k €	-5.4%	450,9 k €	+37.6%	327,7 k €	-11.9%	372 k €	-11.5%	420,5 k €	+14.5%	367,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,6 ETP	+6.7%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	+7.1%	1,4 ETP	+55.6%	0,9 ETP	+28.6%	0,7 ETP	-12.5%	0,8 ETP	+60.0%	0,5 ETP	0.0%	0,5 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 31/12/2025 · 1 active · 2 ended

Active mandates

Ivan D'HULSTER

Director · since 05 avril 1994

Active

Ended mandates

IVAN D'HULSTER

Director

Ended

IVAN D'HULSTER

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro 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	13/07/2026	18/07/2025	19/07/2024	29/09/2023	28/07/2022	01/09/2021
General meeting	27/06/2026	28/06/2025	29/06/2024	13/05/2023	14/05/2022	08/05/2021
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
Micro model	31/12/2025	27/06/2026	13/07/2026	Dutch	PDF
Micro model	31/12/2024	28/06/2025	18/07/2025	Dutch	PDF
Micro model	31/12/2023	29/06/2024	19/07/2024	Dutch	PDF
Micro model	31/12/2022	13/05/2023	29/09/2023	Dutch	PDF
Micro model	31/12/2021	14/05/2022	28/07/2022	Dutch	PDF
Micro model	31/12/2020	08/05/2021	01/09/2021	Dutch	PDF
Micro model	31/12/2019	09/05/2020	24/07/2020	Dutch	PDF
Micro model	31/12/2018	11/05/2019	29/07/2019	Dutch	PDF
Micro model	31/12/2017	12/05/2018	28/06/2018	Dutch	PDF
Micro model	31/12/2016	13/05/2017	17/08/2017	Dutch	PDF
Abridged model	31/12/2015	14/05/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	09/05/2015	23/07/2015	Dutch	PDF
Abridged model	31/12/2013	10/05/2014	11/07/2014	Dutch	PDF
Abridged model	31/12/2012	11/05/2013	23/07/2013	Dutch	PDF
Abridged model	31/12/2011	12/05/2012	24/07/2012	Dutch	PDF
Abridged model	31/12/2010	14/05/2011	26/07/2011	Dutch	PDF
Abridged model	31/12/2009	08/05/2010	16/07/2010	Dutch	PDF
Abridged model	31/12/2008	09/05/2009	23/07/2009	Dutch	PDF
Abridged model	31/12/2007	10/05/2008	12/06/2008	Dutch	PDF
Abridged model	31/12/2006	12/05/2007	12/07/2007	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 31/12/2025 · 1 active · 2 ended

Active mandates

Ivan D'HULSTER

Director · since 05 avril 1994

Active

Ended mandates

IVAN D'HULSTER

Director

Ended

IVAN D'HULSTER

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other21/02/2024
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
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 202555 k €↑
2024
Annual accounts 202421,9 k €↓
2023
Annual accounts 202338,6 k €↑
2022
Annual accounts 20221,8 k €↓
2021
Annual accounts 202123,4 k €↑
2020
Annual accounts 20204,9 k €↓
2019
Annual accounts 20198,9 k €↓
2018
Annual accounts 20189 k €↑
2017
Annual accounts 20171 k €↓
2016
Annual accounts 201618,5 k €↑
2015
Annual accounts 201517,4 k €↓
2014
Annual accounts 201424,7 k €↑
2013
Annual accounts 20138,7 k €↑
2012
Annual accounts 2012-9,6 k €↑
2011
Annual accounts 2011-23 k €↓
2010
Annual accounts 2010-16,4 k €↓
2009
Annual accounts 2009199,5 €↓
2008
Annual accounts 20081,5 k €↓
2007
Annual accounts 20075,8 k €↓
2006
Annual accounts 200662,3 k €
05/04/1994
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

D'HULSTER

Overview

What does D'HULSTER do?

Trend over 20 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