ACTIVE

LUC VULSTEKE INDUSTRIAL

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Financial year 2025 · Closed on 30/06/2025

Net result1,9 M €-38,4 %over 1 year
Revenue94,1 M €-22,4 %over 1 year
Equity14 M €+15,6 %over 1 year
Workforce26,3 ETP+0,4 %over 1 year

Identity

Source · BCE/KBO

LUC VULSTEKE INDUSTRIAL is a Public limited company incorporated in 1997. Its registered office is in Kortemark. It employs on average 26,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0461.171.949
Incorporation
06/08/1997
Legal form
Public limited company
Registered office
Hoogledestraat 122B
8610 Kortemark · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
30/06/2025
Average workforce
26,3 ETP
Joint committees (3)
  • 124
  • 200
  • 218
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue94,1 M €121,3 M €122,7 M €112,4 M €59,8 M €
EBITDA4,2 M €9,7 M €5,9 M €1,4 M €1,8 M €
Operating result2,6 M €4,4 M €3,2 M €1,6 M €1,7 M €
Net result1,9 M €3,1 M €2,5 M €1,4 M €1,4 M €
Balance sheet
Equity14 M €12,1 M €10,2 M €7,6 M €6,3 M €
Total assets104,1 M €90,1 M €88,1 M €75,9 M €57,7 M €
Cash5,5 M €6,8 M €8,7 M €7,8 M €10,8 M €
Debts88,3 M €76,9 M €75,9 M €67,1 M €50,7 M €
Other
Workforce26,3 ETP26,2 ETP26,1 ETP27,1 ETP25,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

5 active · 19 ended

Active mandates

Hilde Vanhullebusch

Director · since 21 février 2025 · until 31 décembre 2031

Active
Luc Vulsteke

Director · since 21 février 2025 · until 31 décembre 2031

Active
Sequentia Invest

Managing director · since 21 février 2025 · until 31 décembre 2031 · 0599.829.390

Represented by Nickolas Vulsteke

Active
Wouter Leenknegt

Director · since 21 février 2025 · until 31 décembre 2031

Active
Moore Audit

Auditor · since 26 décembre 2024 · until 29 décembre 2027 · 0453.925.059

Represented by Kristof Planquette (A02127)

Active

Ended mandates

Moore Audit

Auditor · since 28 février 2022 · until 22 décembre 2024 · 0453.925.059

Represented by Kristof Planquette (A02127)

Ended
Moore Audit

Auditor · since 28 février 2022 · until 26 décembre 2024 · 0453.925.059

Represented by Kristof Planquette (A02127)

Ended
Hilde Vanhullebusch

Director · since 12 août 2019 · until 26 décembre 2024

Ended
Luc Vulsteke

Director · since 12 août 2019 · until 26 décembre 2024

Ended

Other companies at this address

Hoogledestraat 122B 8610 Kortemark
CompanyCBE no.
Beltramex● Active
0420.844.495
DKU BEHEER● Active
0894.431.951
GALLUS● Active
1014.857.550
GRIDPOWER● Active
1013.745.218
IMMO DE POSTHOORN● Active
0821.667.105
IMMO HOOGLEDE● Active
1031.379.323
LEEUWENHART● Active
0760.510.286
Résidences Libramont● Active
0801.483.680

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/02/202610/01/202531/01/202424/02/202315/03/202223/02/2021
General meeting17/02/202626/12/202431/01/202431/01/202328/02/202203/02/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model30/06/202517/02/202617/02/2026DutchPDF
Full model30/06/202426/12/202410/01/2025DutchPDF
Full model30/06/202331/01/202431/01/2024DutchPDF
Full model30/06/202231/01/202324/02/2023DutchPDF
Full model30/06/202128/02/202215/03/2022DutchPDF
Full model30/06/202003/02/202123/02/2021DutchPDF
Full model30/06/201927/01/202003/02/2020DutchPDF
Full model30/06/201826/12/201822/01/2019DutchPDF
Full model30/06/201725/01/201831/01/2018DutchPDF
Full model30/06/201628/12/201627/01/2017DutchPDF
Full model30/06/201521/01/201628/01/2016DutchPDF
Full model30/06/201424/12/201430/01/2015DutchPDF
Full modelCorrection30/06/201318/04/201411/06/2014DutchPDF
Full model30/06/201331/01/201428/02/2014DutchPDF
Full model30/06/201231/01/201331/01/2013DutchPDF
Full model30/06/201128/12/201123/01/2012DutchPDF
Full model30/06/201022/02/201128/02/2011DutchPDF
Full model30/06/200928/01/201029/01/2010DutchPDF
Full model30/06/200812/11/200811/12/2008DutchPDF
Full model30/06/200728/01/200831/01/2008DutchPDF
Full model30/06/200605/01/200726/01/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 30/06/2025

5 active · 19 ended

Active mandates

Hilde Vanhullebusch

Director · since 21 février 2025 · until 31 décembre 2031

Active
Luc Vulsteke

Director · since 21 février 2025 · until 31 décembre 2031

Active
Sequentia Invest

Managing director · since 21 février 2025 · until 31 décembre 2031 · 0599.829.390

Represented by Nickolas Vulsteke

Active
Wouter Leenknegt

Director · since 21 février 2025 · until 31 décembre 2031

Active
Moore Audit

Auditor · since 26 décembre 2024 · until 29 décembre 2027 · 0453.925.059

Represented by Kristof Planquette (A02127)

Active

Ended mandates

Moore Audit

Auditor · since 28 février 2022 · until 22 décembre 2024 · 0453.925.059

Represented by Kristof Planquette (A02127)

Ended
Moore Audit

Auditor · since 28 février 2022 · until 26 décembre 2024 · 0453.925.059

Represented by Kristof Planquette (A02127)

Ended
Hilde Vanhullebusch

Director · since 12 août 2019 · until 26 décembre 2024

Ended
Luc Vulsteke

Director · since 12 août 2019 · until 26 décembre 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Capital / shares11/12/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - KAPITAAL - AANDELEN
    PDF
  • Restructuring03/11/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates25/02/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Mandates08/11/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/10/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/02/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring24/08/2018
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring29/05/2018
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 09/12/2025
    augmentation_capital
  2. 09/12/2025
    split
  3. 2025
    Annual accounts 20251,9 M €↓
  4. 21/02/2025
    reconductionNickolas Vulsteke — bestuurder
  5. 21/02/2025
    reconductionLuc Vulsteke — bestuurder
  6. 21/02/2025
    reconductionHilde Vanhullebusch — bestuurder
  7. 21/02/2025
    reconductionWouter Leenknegt — bestuurder
  8. 2024
    Annual accounts 20243,1 M €↑
  9. 2023
    Annual accounts 20232,5 M €↑
  10. 12/09/2022
    reconductionKristof Planquette — vaste vertegenwoordiger (bedrijfsrevisor)
  11. 2022
    Annual accounts 20221,4 M €↑
  12. 2021
    Annual accounts 20211,4 M €↑
  13. 2020
    Annual accounts 20201,2 M €↑
  14. 2019
    Annual accounts 2019956 k €↑
  15. 2018
    Annual accounts 2018898,4 k €↑
  16. 2017
    Annual accounts 20171,2 k €↓
  17. 2016
    Annual accounts 2016296,5 k €↓
  18. 2015
    Annual accounts 20151,9 M €↑
  19. 2014
    Annual accounts 2014932,8 k €↓
  20. 2013
    Annual accounts 20132,1 M €↑
  21. 2012
    Annual accounts 2012184,2 k €↓
  22. 2011
    Annual accounts 20111,9 M €↑
  23. 2010
    Annual accounts 20101,1 M €↓
  24. 2009
    Annual accounts 20091,5 M €↑
  25. 2008
    Annual accounts 20081,1 M €↑
  26. 2007
    Annual accounts 2007148,1 k €
  27. 06/08/1997
    IncorporationPublic limited company