ACTIVE

KRUISKIP

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Financial year 2025 · closed on 30/09/2025

Net result

179,2 k €

+485.8% YoY

Gross margin

1,6 M €

+16.1% YoY

Equity

860,3 k €

-4.2% YoY

Workforce

9,8 ETP

+18.1% YoY

What does KRUISKIP do?

KRUISKIP is a Private limited company incorporated in 1995. Its registered office is in Zulte. It employs on average 9,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0455.411.436

Incorporation

20/06/1995

Legal form

Private limited company

Registered office

Oude Waalstraat 292
9870 Zulte · FlandreSee on map

Contributed capital

304 789,35 €

Latest accounts

30/09/2025

Average workforce

9,8 ETP

Joint committees (4)

140
14003
226
22600

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,6 M €	+16.1%	1,3 M €	+13.4%	1,2 M €	-6.4%	1,3 M €	-21.1%	1,6 M €	-0.5%	1,6 M €	+4.5%	1,5 M €	+18.5%	1,3 M €		–		–		–		–		–		833,7 k €	-26.4%	1,1 M €	-5.6%	1,2 M €	+6.8%	1,1 M €	-16.5%	1,3 M €	+1.2%	1,3 M €
EBITDA	620,4 k €	+32.8%	467,3 k €	+20.3%	388,4 k €	-12.5%	443,8 k €	-13.3%	511,7 k €	+2.5%	499,1 k €	-24.6%	662 k €	+49.1%	443,9 k €	-37.8%	713,2 k €	+31.7%	541,7 k €	-6.3%	578,3 k €	+105%	281,9 k €	+16.1%	242,8 k €	+8.7%	223,4 k €	-49.7%	444 k €	-16.4%	531,5 k €	+16.6%	455,7 k €	-23.3%	594,5 k €	-5.4%	628,2 k €
Operating result	223,8 k €	+352%	49,5 k €	-26.5%	67,3 k €	+123%	-287 k €	-323%	128,8 k €	+758%	15 k €	-83.3%	89,8 k €	+940%	8,6 k €	-97.1%	302,7 k €	+130%	131,4 k €	-46.5%	245,6 k €	+189%	85 k €	+308%	-41 k €	-1250%	-3 k €	-102%	148,1 k €	-6.0%	157,5 k €	+1089%	-15,9 k €	-119%	83,4 k €	-53.5%	179,4 k €
Net result	179,2 k €	+486%	30,6 k €	-55.1%	68,1 k €	+124%	-288,1 k €	-399%	96,5 k €	+988%	8,9 k €	-86.9%	67,6 k €	+5828%	-1,2 k €	-101%	189,4 k €	+132%	81,7 k €	-49.5%	161,8 k €	+116%	74,9 k €	+228%	-58,6 k €	-123%	-26,3 k €	-130%	88,1 k €	-18.4%	108 k €	+312%	-51 k €	-306%	24,7 k €	-78.7%	115,9 k €
Balance sheet
Equity	860,3 k €	-4.2%	898,1 k €	+3.5%	867,5 k €	-5.0%	913 k €	-20.5%	1,1 M €	+9.2%	1,1 M €	+0.8%	1 M €	+6.9%	975,7 k €	-0.1%	976,9 k €	+15.3%	847,5 k €	+6.5%	795,8 k €	+9.6%	726 k €	+11.5%	651,1 k €	-8.3%	709,8 k €	-3.6%	736 k €	+9.4%	672,9 k €	+8.9%	617,7 k €	-8.0%	671,4 k €	+3.4%	649,5 k €
Total assets	2,6 M €	+19.8%	2,2 M €	+0.7%	2,1 M €	+13.2%	1,9 M €	-30.8%	2,7 M €	-9.8%	3 M €	-7.4%	3,3 M €	+1.2%	3,2 M €	-12.3%	3,7 M €	-5.2%	3,9 M €	+8.1%	3,6 M €	-7.6%	3,9 M €	+2.4%	3,8 M €	-18.1%	4,7 M €	+6.5%	4,4 M €	-4.0%	4,6 M €	+5.6%	4,3 M €	+12.1%	3,8 M €	+22.3%	3,1 M €
Cash	78,5 k €	-20.9%	99,1 k €	-52.1%	206,8 k €	-2.5%	212,2 k €	-24.0%	279,3 k €	-42.8%	488,6 k €	+57.7%	309,8 k €	+29.4%	239,3 k €	-36.4%	376,4 k €	+259%	104,7 k €	-60.8%	267,1 k €	-50.4%	538 k €	+3889%	13,5 k €	-96.9%	432,1 k €	+100%	215,6 k €	-13.0%	247,9 k €	-61.2%	638,4 k €	-9.0%	701,5 k €	+140%	292 k €
Debts	1,7 M €	+36.8%	1,3 M €	-1.2%	1,3 M €	+30.0%	983,9 k €	-38.0%	1,6 M €	-20.1%	2 M €	-11.2%	2,2 M €	-1.2%	2,3 M €	-16.7%	2,7 M €	-10.9%	3,1 M €	+8.5%	2,8 M €	-11.6%	3,2 M €	+0.5%	3,2 M €	-19.9%	3,9 M €	+8.9%	3,6 M €	-6.5%	3,9 M €	+5.3%	3,7 M €	+16.9%	3,2 M €	+26.6%	2,5 M €
Other
Workforce	9,8 ETP	+18.1%	8,3 ETP	+2.5%	8,1 ETP	-16.5%	9,7 ETP	-29.2%	13,7 ETP	-5.5%	14,5 ETP	+27.2%	11,4 ETP	-3.4%	11,8 ETP	+14.6%	10,3 ETP	-4.6%	10,8 ETP	-7.7%	11,7 ETP	+20.6%	9,7 ETP	+10.2%	8,8 ETP	-13.7%	10,2 ETP	-14.3%	11,9 ETP	-6.3%	12,7 ETP	+14.4%	11,1 ETP	-12.6%	12,7 ETP	-8.6%	13,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 4 ended

Active mandates

EDWIN DE RUYCK

Director

Active

MAUREEN LIPPENS

Director

Active

Ended mandates

Edwin De Ruyck

Manager

Ended

Erwin De Ruyck

Director

Ended

Erwin De Ruyck

Manager

Ended

Maureen Lippens

Manager

Ended

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/04/2026	24/03/2025	20/03/2024	16/03/2023	14/03/2022	26/03/2021
General meeting	31/03/2026	10/03/2025	11/03/2024	13/03/2023	14/03/2022	08/03/2021
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	30/09/2025	31/03/2026	21/04/2026	Dutch	PDF
Abridged model	30/09/2024	10/03/2025	24/03/2025	Dutch	PDF
Abridged model	30/09/2023	11/03/2024	20/03/2024	Dutch	PDF
Abridged model	30/09/2022	13/03/2023	16/03/2023	Dutch	PDF
Abridged model	30/09/2021	14/03/2022	14/03/2022	Dutch	PDF
Abridged model	30/09/2020	08/03/2021	26/03/2021	Dutch	PDF
Abridged model	30/09/2019	09/03/2020	17/03/2020	Dutch	PDF
Abridged model	30/09/2018	11/03/2019	27/03/2019	Dutch	PDF
Abridged model	30/09/2017	31/03/2018	27/04/2018	Dutch	PDF
Full model	30/09/2016	13/03/2017	05/04/2017	Dutch	PDF
Full model	30/09/2015	19/03/2016	31/03/2016	Dutch	PDF
Full model	30/09/2014	20/03/2015	03/04/2015	Dutch	PDF
Full model	30/09/2013	31/03/2014	28/04/2014	Dutch	PDF
Full model	30/09/2012	29/03/2013	25/04/2013	Dutch	PDF
Abridged model	30/09/2011	12/03/2012	27/04/2012	Dutch	PDF
Abridged model	30/09/2010	14/03/2011	29/04/2011	Dutch	PDF
Abridged model	30/09/2009	08/03/2010	03/05/2010	Dutch	PDF
Abridged model	30/09/2008	09/03/2009	17/03/2009	Dutch	PDF
Abridged model	30/09/2007	12/03/2008	03/04/2008	Dutch	PDF
Abridged model	30/09/2006	12/03/2007	03/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/09/2025 · 2 active · 4 ended

Active mandates

EDWIN DE RUYCK

Director

Active

MAUREEN LIPPENS

Director

Active

Ended mandates

Edwin De Ruyck

Manager

Ended

Erwin De Ruyck

Director

Ended

Erwin De Ruyck

Manager

Ended

Maureen Lippens

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/05/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/10/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates04/07/2012
ONTSLAGEN - BENOEMINGEN
PDF
Registered office22/02/2007
MAATSCHAPPELIJKE ZETEL
PDF
Mandates14/06/2004
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 2025179,2 k €↑
2024
Annual accounts 202430,6 k €↓
2023
Annual accounts 202368,1 k €↑
2022
Annual accounts 2022-288,1 k €↓
2020
Annual accounts 202096,5 k €↑
2019
Annual accounts 20198,9 k €↓
2018
Annual accounts 201867,6 k €↑
2017
Annual accounts 2017-1,2 k €↓
2016
Annual accounts 2016189,4 k €↑
2015
Annual accounts 201581,7 k €↓
2014
Annual accounts 2014161,8 k €↑
2013
Annual accounts 201374,9 k €↑
2012
Annual accounts 2012-58,6 k €↓
2011
Annual accounts 2011-26,3 k €↓
2010
Annual accounts 201088,1 k €↓
2009
Annual accounts 2009108 k €↑
2008
Annual accounts 2008-51 k €↓
2007
Annual accounts 200724,7 k €↓
2006
Annual accounts 2006115,9 k €
20/06/1995
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

KRUISKIP

Overview

What does KRUISKIP do?

Trend over 19 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