ACTIVE

S. CARMANS

Financial year 2025 · Closed on 30/09/2025

Net result135 k €+1 454,4 %over 1 year

Gross margin257 k €+170,7 %over 1 year

Equity713,1 k €+23,4 %over 1 year

Identity

Source · BCE/KBO

S. CARMANS is a Private limited company incorporated in 1996. Its main activity is: Management consultancy activities. Its registered office is in Lummen.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0457.538.706
Incorporation: 01/01/1996
Legal form: Private limited company
Registered office: Kanaalstraat 14
3560 Lummen · FlandreSee on map
Contributed capital: 18 600,00 €
Latest accounts: 30/09/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	257 k €	+171%	94,9 k €	+5.3%	90,1 k €	+2.4%	88 k €	-11.4%	99,3 k €
EBITDA	240,7 k €	+204%	79,1 k €	-7.4%	85,4 k €	+1.8%	83,9 k €	-11.2%	94,5 k €
Operating result	146,8 k €	+19399%	-760,7 €	-37.3%	-554 €	-94.7%	-284,5 €	-102%	15,1 k €
Net result	135 k €	+1454%	8,7 k €	+190%	3 k €	-49.0%	5,9 k €	-71.2%	20,4 k €
Balance sheet
Equity	713,1 k €	+23.4%	578,1 k €	+1.5%	569,4 k €	+0.5%	566,5 k €	+1.0%	560,6 k €
Total assets	1,1 M €	-5.9%	1,2 M €	-4.4%	1,2 M €	-9.6%	1,3 M €	-9.9%	1,5 M €
Cash	83,1 k €	+240%	24,4 k €	-66.3%	72,4 k €	+11.1%	65,2 k €	-87.2%	508,6 k €
Debts	381,7 k €	-34.8%	585,3 k €	-9.6%	647,7 k €	-17.0%	780,3 k €	-16.5%	934,8 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Stefan Carmans	Directorsince 13/04/1996Manager18/12/2015 → 2018 accountsendedManaging director21/02/2003 → 2016 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
C-INVEST0472.592.017Represented by Stefan Carmans	Director10/08/2014 → 2015 accounts
Karin Vanderheyden	Director11/04/2013 → 2013 accounts

Other companies at this address

Kanaalstraat 14 3560 Lummen

Company	CBE no.
AANNEMINGEN CARMANS● Active	0431.932.981
Carmans Blue Technology● Active	0870.140.478
Carmans Group● Active	1026.714.019
C-INVEST● Active	0472.592.017
C-Rent● Active	0723.746.791
GREPOBEL● Active	0885.783.313
RESOMA● Active	0810.871.302
Tijdelijke Maatschap Beverzakstraat● Active	1037.395.994
Tijdelijke maatschap CARMANS-DSV● Active	1031.984.681
Tijdelijke Maatschap Carmans-DSV 1● Active	0804.720.116
Tijdelijke maatschap Hoogstraat● Active	1039.236.521

Full financial information

Source · NBB

	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	30/04/2026	29/04/2025	30/04/2024	29/04/2023	29/04/2022	31/03/2021
General meeting	20/02/2026	21/02/2025	16/02/2024	17/02/2023	18/02/2022	19/02/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	20/02/2026	30/04/2026	Dutch	PDF
Abridged model	30/09/2024	21/02/2025	29/04/2025	Dutch	PDF
Abridged model	30/09/2023	16/02/2024	30/04/2024	Dutch	PDF
Abridged model	30/09/2022	17/02/2023	29/04/2023	Dutch	PDF
Abridged model	30/09/2021	18/02/2022	29/04/2022	Dutch	PDF
Abridged model	30/09/2020	19/02/2021	31/03/2021	Dutch	PDF
Abridged model	30/09/2019	21/02/2020	29/04/2020	Dutch	PDF
Abridged model	30/09/2018	15/02/2019	29/03/2019	Dutch	PDF
Abridged model	30/09/2017	16/02/2018	29/03/2018	Dutch	PDF
Abridged model	30/09/2016	17/02/2017	30/03/2017	Dutch	PDF
Abridged model	30/09/2015	19/02/2016	22/03/2016	Dutch	PDF
Abridged model	30/09/2014	20/02/2015	27/03/2015	Dutch	PDF
Abridged model	30/09/2013	10/08/2014	30/08/2014	Dutch	PDF
Abridged model	30/09/2012	11/04/2013	30/04/2013	Dutch	PDF
Abridged model	30/09/2011	17/02/2012	30/03/2012	Dutch	PDF
Abridged model	30/09/2010	18/02/2011	18/03/2011	Dutch	PDF
Abridged model	30/09/2009	19/02/2010	30/03/2010	Dutch	PDF
Abridged model	30/09/2008	20/02/2009	27/03/2009	Dutch	PDF
Abridged model	30/09/2007	15/02/2008	27/03/2008	Dutch	PDF
Abridged model	30/09/2006	16/02/2007	12/03/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Stefan Carmans	Directorsince 13/04/1996Manager18/12/2015 → 2018 accountsendedManaging director21/02/2003 → 2016 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
C-INVEST0472.592.017Represented by Stefan Carmans	Director10/08/2014 → 2015 accounts
Karin Vanderheyden	Director11/04/2013 → 2013 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates15/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/02/2016
Omvorming in een BVBA — ontslag bestuurders — benoeming zaakvoerder —
PDF
Mandates02/09/2014
Herbenoeming bestuurders - Verplaatsing maatschappelijke zetel
PDF
Mandates13/05/2013
Herbenoeming bestuurders
PDF
Capital / shares30/07/2007
OMZETTING VAN HET KAPITAAL IN EURO - KAPITAALVERHOGING
PDF
Mandates04/03/2004
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings17 filings

Mandates

Stefan Carmans

C-INVEST

Karin Vanderheyden

1996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

S. CARMANS

Kanaalstraat 14, 3560 Lummen

DirectorManagerManaging director

Managing directorDirector

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Kanaalstraat 14, 3560 LummenCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00098396

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
S. CARMANSCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00098396

Events

2025
Annual accounts 2025135 k €↑
2024
Annual accounts 20248,7 k €↑
2023
Annual accounts 20233 k €↓
2022
Annual accounts 20225,9 k €↓
2021
Annual accounts 202120,4 k €↑
2018
Annual accounts 20182,4 k €↓
2017
Annual accounts 2017127,5 k €↓
2016
Annual accounts 2016217,1 k €↑
2015
Annual accounts 2015192,7 k €↑
2014
Annual accounts 2014-27,5 k €↑
2013
Annual accounts 2013-34,8 k €↓
2012
Annual accounts 2012184,5 k €↑
2011
Annual accounts 201171,2 k €↑
2010
Annual accounts 201068,1 k €↑
2009
Annual accounts 200966,6 k €↓
2008
Annual accounts 2008214,6 k €↑
2007
Annual accounts 200769,2 k €
01/01/1996
IncorporationPrivate limited company

S. CARMANS

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events