ACTIVE

FULMAR

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Financial year 2025 · closed on 31/12/2025
Net result
-12,3 k €
+1.1% YoY
Gross margin
-133,7 €
+48.6% YoY
Equity
342,4 k €
-3.5% YoY

What does FULMAR do?

FULMAR is a Public limited company incorporated in 1997. Its main activity is: Management consultancy activities. Its registered office is in Genk.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0460.135.732
Incorporation
05/03/1997
Legal form
Public limited company
Registered office
Woudstraat 3 box 2
3600 Genk · FlandreSee on map
Contributed capital
150 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities74142Specialised design activities
Joint committees (2)
  • 100
  • 200
Signals
Solid equity
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin-133,7 €-260,2 €-2,8 k €93,9 k €138,5 k €129,2 k €132,1 k €46,8 k €38,3 k €38,3 k €38,1 k €38,3 k €38,1 k €38,3 k €38,3 k €31,7 k €24,2 k €23 k €21,9 k €24,6 k €
EBITDA-720,4 €-834,5 €-3,8 k €32 k €60 k €43,1 k €48,7 k €23,6 k €37,9 k €37,8 k €37,7 k €37,9 k €37,7 k €37,9 k €37,5 k €30,6 k €23,3 k €22,1 k €21,4 k €24,2 k €
Operating result-720,4 €-834,5 €-3,8 k €32 k €60 k €43,1 k €48,7 k €23,6 k €37,9 k €37,8 k €37,7 k €37,9 k €37,7 k €37,9 k €37,5 k €30,6 k €23,3 k €22,1 k €20,4 k €23,9 k €
Net result-12,3 k €-12,5 k €-17,6 k €8 k €35,1 k €26,9 k €26,8 k €5,7 k €14,6 k €17,5 k €15,8 k €15,6 k €125,4 k €-18,8 k €12,4 k €6,6 k €2,7 k €16,2 k €13,6 k €15,7 k €
Balance sheet
Equity342,4 k €354,7 k €367,2 k €384,8 k €376,8 k €341,7 k €314,8 k €288 k €282,3 k €267,7 k €250,2 k €234,5 k €218,8 k €93,4 k €112,2 k €99,9 k €93,3 k €90,5 k €74,3 k €60,7 k €
Total assets636,5 k €637,5 k €636,3 k €687,4 k €886,3 k €1,7 M €1,8 M €1,1 M €622,2 k €622,2 k €622,3 k €622,3 k €622,3 k €533,2 k €533,4 k €532,6 k €588,9 k €590,4 k €589,2 k €590,4 k €
Cash1,1 k €1,9 k €645 €4,1 k €17,1 k €1,8 k €198,7 k €5,9 k €56,1 €90,6 €124,5 €158,8 €195,6 €596,7 €817 €–173 €1,6 k €–699 €
Debts294 k €282,7 k €269 k €302,4 k €508,9 k €1,3 M €1,5 M €807,9 k €339,9 k €354,5 k €372 k €387,8 k €403,5 k €439,7 k €421,2 k €432,7 k €495,6 k €499,8 k €514,8 k €529,7 k €
Other
Workforce–––0,8 ETP1,0 ETP1,0 ETP1,0 ETP0,3 ETP––––––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 23 ended

Active mandates

Ludo Op de Beeck

Chairman of the board of directors · since 01 juin 2024 · until 01 juin 2030

Active
Ludo Op de Beeck

Managing director · since 01 juin 2024 · until 01 juin 2030

Active
Danny Op de Beeck

Director · since 01 juin 2021 · until 01 juin 2027

Active
Johnny Op de Beeck

Director · since 01 juin 2021 · until 01 juin 2027

Active
Maria Di Fabio

Director · since 01 juin 2021 · until 01 juin 2027

Active
Rudy Op de Beeck

Director · since 01 juin 2021 · until 01 juin 2027

Active

Ended mandates

Ludo Op de Beeck

Chairman of the board of directors · since 01 octobre 2018 · until 01 juin 2024

Ended
Ludo Op de Beeck

Chairman of the board of directors · since 01 octobre 2018 · until 03 juin 2024

Ended
Ludo Op de Beeck

Managing director · since 01 octobre 2018 · until 01 juin 2024

Ended
Ludo Op de Beeck

Managing director · since 01 octobre 2018 · until 03 juin 2024

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202625/06/202528/06/202430/06/202321/06/202230/06/2021
General meeting01/06/202601/06/202501/06/202401/06/202301/06/202201/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202501/06/202630/06/2026DutchPDF
Abridged model31/12/202401/06/202525/06/2025DutchPDF
Abridged model31/12/202301/06/202428/06/2024DutchPDF
Abridged model31/12/202201/06/202330/06/2023DutchPDF
Abridged model31/12/202101/06/202221/06/2022DutchPDF
Abridged model31/12/202001/06/202130/06/2021DutchPDF
Abridged model31/12/201908/09/202021/09/2020DutchPDF
Abridged model31/12/201803/06/201903/07/2019DutchPDF
Abridged model31/12/201701/06/201829/06/2018DutchPDF
Abridged model31/12/201601/06/201729/06/2017DutchPDF
Abridged model31/12/201501/06/201630/06/2016DutchPDF
Abridged model31/12/201401/06/201520/08/2015DutchPDF
Abridged model31/12/201302/06/201401/07/2014DutchPDF
Abridged model31/12/201203/06/201303/07/2013DutchPDF
Abridged model31/12/201101/06/201219/06/2012DutchPDF
Abridged model31/12/201001/06/201128/06/2011DutchPDF
Abridged model31/12/200917/05/201019/05/2010DutchPDF
Abridged model31/12/200806/06/200930/06/2009DutchPDF
Abridged model31/12/200709/06/200816/06/2008DutchPDF
Abridged model31/12/200611/06/200725/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 6 active · 23 ended

Active mandates

Ludo Op de Beeck

Chairman of the board of directors · since 01 juin 2024 · until 01 juin 2030

Active
Ludo Op de Beeck

Managing director · since 01 juin 2024 · until 01 juin 2030

Active
Danny Op de Beeck

Director · since 01 juin 2021 · until 01 juin 2027

Active
Johnny Op de Beeck

Director · since 01 juin 2021 · until 01 juin 2027

Active
Maria Di Fabio

Director · since 01 juin 2021 · until 01 juin 2027

Active
Rudy Op de Beeck

Director · since 01 juin 2021 · until 01 juin 2027

Active

Ended mandates

Ludo Op de Beeck

Chairman of the board of directors · since 01 octobre 2018 · until 01 juin 2024

Ended
Ludo Op de Beeck

Chairman of the board of directors · since 01 octobre 2018 · until 03 juin 2024

Ended
Ludo Op de Beeck

Managing director · since 01 octobre 2018 · until 01 juin 2024

Ended
Ludo Op de Beeck

Managing director · since 01 octobre 2018 · until 03 juin 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates08/11/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other27/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates12/07/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/12/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/07/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/09/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/04/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/10/2009
    MAATSCHAPPELIJKE ZETEL - 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

Timeline

  1. 2025
    Annual accounts 2025-12,3 k €↑
  2. 2024
    Annual accounts 2024-12,5 k €↑
  3. 2023
    Annual accounts 2023-17,6 k €↓
  4. 2022
    Annual accounts 20228 k €↓
  5. 2021
    Annual accounts 202135,1 k €↑
  6. 2020
    Annual accounts 202026,9 k €↑
  7. 2019
    Annual accounts 201926,8 k €↑
  8. 2018
    Annual accounts 20185,7 k €↓
  9. 2017
    Annual accounts 201714,6 k €↓
  10. 2016
    Annual accounts 201617,5 k €↑
  11. 2015
    Annual accounts 201515,8 k €↑
  12. 2014
    Annual accounts 201415,6 k €↓
  13. 2013
    Annual accounts 2013125,4 k €↑
  14. 2012
    Annual accounts 2012-18,8 k €↓
  15. 2011
    Annual accounts 201112,4 k €↑
  16. 2010
    Annual accounts 20106,6 k €↑
  17. 2009
    Annual accounts 20092,7 k €↓
  18. 2008
    Annual accounts 200816,2 k €↑
  19. 2007
    Annual accounts 200713,6 k €↓
  20. 2006
    Annual accounts 200615,7 k €
  21. 05/03/1997
    IncorporationPublic limited company