ACTIVE

PRACTICAL

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Financial year 2025 · closed on 31/12/2025

Net result

225,8 k €

+63.4% YoY

Revenue

13,1 M €

-17.9% YoY

Equity

4,6 M €

+5.1% YoY

Workforce

31,7 ETP

-6.5% YoY

What does PRACTICAL do?

PRACTICAL is a Public limited company incorporated in 1995. Its registered office is in Knokke-Heist. It employs on average 31,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0455.352.345

Incorporation

08/06/1995

Legal form

Public limited company

Registered office

Natiënlaan 162
8300 Knokke-Heist · FlandreSee on map

Contributed capital

74 368,06 €

Latest accounts

31/12/2025

Average workforce

31,7 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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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
Revenue	13,1 M €	-17.9%	15,9 M €	+0.5%	15,8 M €	-1.9%	16,2 M €	+3.4%	15,6 M €	-2.6%	16,0 M €	+4.1%	15,4 M €	+2.0%	15,1 M €	+3.9%	14,5 M €	+1.5%	14,3 M €	+3.4%	13,8 M €	-0.3%	13,9 M €	-0.4%	13,9 M €	-0.2%	14,0 M €	+5.3%	13,3 M €	+9.5%	12,1 M €	+48.9%	8,1 M €	+110%	3,9 M €	+4.3%	3,7 M €	+1.5%	3,6 M €
EBITDA	428,7 k €	+130%	186,6 k €	-79.5%	908,4 k €	+1.1%	898,9 k €	-36.6%	1,4 M €	-11.5%	1,6 M €	+16.5%	1,4 M €	+17.2%	1,2 M €	+8.7%	1,1 M €	-2.7%	1,1 M €	+38.1%	802,9 k €	-39.5%	1,3 M €	-8.8%	1,5 M €	+32.3%	1,1 M €	-14.4%	1,3 M €	+76.6%	728,1 k €	-14.4%	850,6 k €	+27.2%	668,8 k €	+7.2%	623,8 k €	+15.1%	541,8 k €
Operating result	315,5 k €	+31.2%	240,4 k €	-68.4%	761,0 k €	-2.1%	776,9 k €	-41.5%	1,3 M €	-2.1%	1,4 M €	+12.0%	1,2 M €	+27.1%	952,8 k €	+16.3%	819,3 k €	-8.5%	895,1 k €	+41.9%	630,7 k €	-16.9%	758,6 k €	+38.0%	549,7 k €	+238%	162,8 k €	-51.3%	334,7 k €	+275%	-191,2 k €	-153%	362,5 k €	-35.9%	566,0 k €	+6.0%	533,8 k €	+17.0%	456,4 k €
Net result	225,8 k €	+63.4%	138,2 k €	-73.4%	519,0 k €	+1.3%	512,4 k €	-45.2%	934,6 k €	-4.9%	982,3 k €	+25.4%	783,6 k €	+31.0%	598,3 k €	+26.1%	474,6 k €	-14.9%	558,0 k €	+45.5%	383,5 k €	-32.1%	565,1 k €	+35.0%	418,6 k €	+4851%	-8,8 k €	-2224%	414,9 €	+100%	-575,7 k €	-449%	165,0 k €	-58.9%	401,0 k €	+12.2%	357,4 k €	+32.8%	269,0 k €
Balance sheet
Equity	4,6 M €	+5.1%	4,4 M €	+3.2%	4,3 M €	+13.9%	3,7 M €	+15.9%	3,2 M €	+40.7%	2,3 M €	-39.8%	3,8 M €	+25.9%	3,0 M €	-38.6%	4,9 M €	+10.7%	4,5 M €	+14.3%	3,9 M €	+10.9%	3,5 M €	+19.2%	2,9 M €	+16.5%	2,5 M €	-0.3%	2,5 M €	+0.0%	2,5 M €	-18.5%	3,1 M €	+5.6%	2,9 M €	+15.7%	2,5 M €	+16.3%	2,2 M €
Total assets	11,6 M €	+46.0%	7,9 M €	-19.3%	9,8 M €	-3.0%	10,1 M €	+42.1%	7,1 M €	+5.0%	6,8 M €	-10.1%	7,5 M €	+11.2%	6,8 M €	-32.1%	10,0 M €	+4.5%	9,6 M €	+4.1%	9,2 M €	+5.4%	8,7 M €	-1.8%	8,9 M €	+20.5%	7,4 M €	-11.6%	8,3 M €	-8.9%	9,1 M €	-2.9%	9,4 M €	+171%	3,5 M €	+9.3%	3,2 M €	+3.3%	3,1 M €
Cash	134,7 k €	+59.0%	84,7 k €	-59.9%	211,6 k €	+54.7%	136,8 k €	+92.7%	71,0 k €	-28.9%	99,9 k €	-10.5%	111,5 k €	-26.6%	152,0 k €	-0.4%	152,5 k €	+9.5%	139,4 k €	+13.4%	122,9 k €	+17.5%	104,6 k €	+6.6%	98,1 k €	-22.4%	126,4 k €	-50.4%	254,7 k €	-20.4%	319,9 k €	+124%	143,0 k €	+410%	28,0 k €	-16.4%	33,5 k €	-56.5%	77,1 k €
Debts	6,9 M €	+98.6%	3,5 M €	-36.8%	5,5 M €	-13.2%	6,3 M €	+64.5%	3,9 M €	-12.9%	4,4 M €	+20.3%	3,7 M €	-0.3%	3,7 M €	-26.1%	5,0 M €	-0.8%	5,0 M €	-4.2%	5,3 M €	+1.9%	5,2 M €	-12.9%	5,9 M €	+23.8%	4,8 M €	-17.0%	5,8 M €	-12.5%	6,6 M €	+5.0%	6,3 M €	+1103%	521,0 k €	-16.1%	620,9 k €	-29.6%	882,2 k €
Other
Workforce	31,7 ETP	-6.5%	33,9 ETP	+1.8%	33,3 ETP	-5.1%	35,1 ETP	-4.9%	36,9 ETP	+3.9%	35,5 ETP	-1.1%	35,9 ETP	-1.9%	36,6 ETP	+2.2%	35,8 ETP	-3.0%	36,9 ETP	-0.5%	37,1 ETP	-4.1%	38,7 ETP	+0.5%	38,5 ETP	+1.9%	37,8 ETP	-1.6%	38,4 ETP	-1.3%	38,9 ETP	+62.1%	24,0 ETP	+87.5%	12,8 ETP	+3.2%	12,4 ETP	-6.8%	13,3 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 · 2 active · 10 ended

Active mandates

C.M.F. LIEKENS

Managing director · since 01 juillet 2020 · until 18 juin 2026

Active

E.A.M. VAN OSTA

Managing director · since 01 juillet 2020 · until 18 juin 2026

Active

Ended mandates

C.M.F. LIEKENS

Managing director · since 01 juillet 2020 · until 17 juin 2026

Ended

E.A.M. VAN OSTA

Director · since 01 juillet 2020 · until 17 juin 2026

Ended

C.M.F. LIEKENS

Managing director · since 18 juin 2014 · until 17 juin 2020

Ended

C.M.F. LIEKENS

Managing director · since 18 juin 2014 · until 01 juillet 2020

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	17/07/2026	17/07/2025	01/07/2024	03/07/2023	04/08/2022	28/07/2021
General meeting	18/06/2026	19/06/2025	20/06/2024	15/06/2023	16/06/2022	16/06/2021
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
Full model	31/12/2025	18/06/2026	17/07/2026	Dutch	PDF
Full model	31/12/2024	19/06/2025	17/07/2025	Dutch	PDF
Full model	31/12/2023	20/06/2024	01/07/2024	Dutch	PDF
Full model	31/12/2022	15/06/2023	03/07/2023	Dutch	PDF
Full model	31/12/2021	16/06/2022	04/08/2022	Dutch	PDF
Full model	31/12/2020	16/06/2021	28/07/2021	Dutch	PDF
Full model	31/12/2019	01/07/2020	27/07/2020	Dutch	PDF
Full model	31/12/2018	19/06/2019	22/07/2019	Dutch	PDF
Full model	31/12/2017	20/06/2018	25/07/2018	Dutch	PDF
Full model	31/12/2016	21/06/2017	27/07/2017	Dutch	PDF
Full model	31/12/2015	15/06/2016	07/07/2016	Dutch	PDF
Full model	31/12/2014	17/06/2015	13/07/2015	Dutch	PDF
Full model	31/12/2013	18/06/2014	16/07/2014	Dutch	PDF
Full model	31/12/2012	19/06/2013	02/07/2013	Dutch	PDF
Full model	31/12/2011	20/06/2012	17/07/2012	Dutch	PDF
Full model	31/12/2010	15/06/2011	13/07/2011	Dutch	PDF
Full model	31/12/2009	16/06/2010	08/07/2010	Dutch	PDF
Full model	31/12/2008	17/06/2009	10/07/2009	Dutch	PDF
Full model	31/12/2007	18/06/2008	18/07/2008	Dutch	PDF
Full model	31/12/2006	20/06/2007	12/07/2007	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 · 2 active · 10 ended

Active mandates

C.M.F. LIEKENS

Managing director · since 01 juillet 2020 · until 18 juin 2026

Active

E.A.M. VAN OSTA

Managing director · since 01 juillet 2020 · until 18 juin 2026

Active

Ended mandates

C.M.F. LIEKENS

Managing director · since 01 juillet 2020 · until 17 juin 2026

Ended

E.A.M. VAN OSTA

Director · since 01 juillet 2020 · until 17 juin 2026

Ended

C.M.F. LIEKENS

Managing director · since 18 juin 2014 · until 17 juin 2020

Ended

C.M.F. LIEKENS

Managing director · since 18 juin 2014 · until 01 juillet 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/01/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/09/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/08/2015
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates27/07/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/10/2014
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 2025225,8 k €↑
2024
Annual accounts 2024138,2 k €↓
2023
Annual accounts 2023519,0 k €↑
2022
Annual accounts 2022512,4 k €↓
2021
Annual accounts 2021934,6 k €↓
2020
Annual accounts 2020982,3 k €↑
2019
Annual accounts 2019783,6 k €↑
2018
Annual accounts 2018598,3 k €↑
2017
Annual accounts 2017474,6 k €↓
2016
Annual accounts 2016558,0 k €↑
2015
Annual accounts 2015383,5 k €↓
2014
Annual accounts 2014565,1 k €↑
2013
Annual accounts 2013418,6 k €↑
2012
Annual accounts 2012-8,8 k €↓
2011
Annual accounts 2011414,9 €↑
2010
Annual accounts 2010-575,7 k €↓
2009
Annual accounts 2009165,0 k €↓
2008
Annual accounts 2008401,0 k €↑
2007
Annual accounts 2007357,4 k €↑
2006
Annual accounts 2006269,0 k €
08/06/1995
IncorporationPublic 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

PRACTICAL

Overview

What does PRACTICAL 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