ACTIVE

DIFFERENT

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Financial year 2025 · closed on 30/11/2025

Net result

21,7 k €

-43.1% YoY

Gross margin

15,8 k €

-74.3% YoY

Equity

412 k €

+5.6% YoY

What does DIFFERENT do?

DIFFERENT is a Private limited company incorporated in 1997. Its registered office is in Kaprijke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0461.390.891

Incorporation

03/09/1997

Legal form

Private limited company

Registered office

Heihoek 9
9971 Kaprijke · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/11/2025

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	15,8 k €	-74.3%	61,3 k €	+17.0%	52,4 k €	-27.7%	72,5 k €	+5.2%	68,9 k €	+105%	33,6 k €	-61.4%	86,9 k €	-7.0%	93,5 k €	-37.8%	150,4 k €	+46.8%	102,4 k €	-22.6%	132,3 k €	-13.7%	153,3 k €	+25.9%	121,8 k €	+74.7%	69,7 k €	+1482%	-5 k €	-127%	18,8 k €	+762%	-2,8 k €	-144%	6,4 k €	-92.6%	87 k €
EBITDA	14,3 k €	-76.3%	60,3 k €	+16.3%	51,8 k €	-27.7%	71,7 k €	+7.9%	66,5 k €	+103%	32,7 k €	-62.2%	86,4 k €	-6.6%	92,6 k €	-38.0%	149,5 k €	+56.1%	95,8 k €	-23.6%	125,4 k €	-12.4%	143,1 k €	+28.7%	111,2 k €	+84.7%	60,2 k €	+498%	-15,1 k €	-279%	8,5 k €	+156%	-15,2 k €	-46.4%	-10,4 k €	-115%	67,1 k €
Operating result	10,2 k €	-81.9%	56,1 k €	+17.7%	47,7 k €	-29.6%	67,8 k €	+9.5%	61,9 k €	+120%	28,1 k €	-65.5%	81,3 k €	+3.1%	78,9 k €	-42.3%	136,6 k €	+58.5%	86,2 k €	-25.1%	115 k €	-13.0%	132,2 k €	+22.2%	108,2 k €	+94.2%	55,7 k €	+363%	-21,2 k €	-1450%	1,6 k €	+107%	-21,4 k €	+26.9%	-29,3 k €	-274%	16,8 k €
Net result	21,7 k €	-43.1%	38,1 k €	+16.3%	32,8 k €	-29.7%	46,6 k €	+5.5%	44,2 k €	+118%	20,3 k €	-60.9%	51,8 k €	+10.7%	46,8 k €	-42.4%	81,2 k €	+61.2%	50,4 k €	-28.4%	70,4 k €	-16.7%	84,5 k €	+0.1%	84,4 k €	+58.6%	53,2 k €	+325%	-23,7 k €	-4946%	-469,8 €	+97.9%	-22,8 k €	-265%	-6,2 k €	-179%	7,9 k €
Balance sheet
Equity	412 k €	+5.6%	390,3 k €	+10.8%	352,2 k €	-20.0%	440,2 k €	+11.8%	393,6 k €	+12.6%	349,5 k €	+6.2%	329,2 k €	+18.7%	277,4 k €	+20.3%	230,6 k €	+54.4%	149,3 k €	+50.9%	98,9 k €	+246%	28,6 k €	+18.6%	24,1 k €	-62.8%	64,7 k €	+466%	11,4 k €	-67.5%	35,1 k €	-1.3%	35,6 k €	-39.0%	58,4 k €	-9.6%	64,6 k €
Total assets	418,9 k €	+6.9%	391,8 k €	+9.1%	359 k €	-22.3%	462,2 k €	+7.8%	428,8 k €	+16.9%	366,7 k €	+5.4%	348 k €	+18.6%	293,3 k €	-3.8%	305 k €	+79.3%	170,1 k €	-5.2%	179,5 k €	-5.9%	190,7 k €	+4.1%	183,3 k €	+90.0%	96,5 k €	+89.4%	50,9 k €	-22.6%	65,8 k €	+10.0%	59,8 k €	-28.8%	84 k €	-12.6%	96,1 k €
Cash	102 k €	+20.3%	84,8 k €	-34.6%	129,6 k €	-34.1%	196,7 k €	-6.9%	211,2 k €	+25.9%	167,7 k €	+113%	78,8 k €	+86.6%	42,2 k €	-62.6%	112,9 k €	+638%	15,3 k €	-82.2%	85,8 k €	+106%	41,7 k €	+3.2%	40,4 k €	-30.4%	58,1 k €	+300%	14,5 k €	+188%	5 k €	-58.1%	12 k €	-49.5%	23,9 k €	+103%	11,7 k €
Debts	5,5 k €	+879%	566,3 €	-90.5%	5,9 k €	-65.4%	17,2 k €	-51.2%	35,2 k €	+105%	17,2 k €	-8.3%	18,8 k €	+17.7%	15,9 k €	-74.1%	61,6 k €	+196%	20,8 k €	-74.2%	80,6 k €	-50.3%	162,2 k €	+2.1%	158,8 k €	+415%	30,8 k €	-20.0%	38,5 k €	+25.5%	30,7 k €	+26.6%	24,2 k €	-5.3%	25,6 k €	-18.6%	31,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		0,2 ETP	-50.0%	0,4 ETP	0.0%	0,4 ETP	0.0%	0,4 ETP	0.0%	0,4 ETP	0.0%	0,4 ETP	0.0%	0,4 ETP	0.0%	0,4 ETP	0.0%	0,4 ETP	0.0%	0,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2025 · 1 active · 1 ended

Active mandates

Luc Swinnen

Director

Active

Ended mandates

Luc Swinnen

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Abridged model	Micro model	Micro model
Start of the financial year	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/12/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/07/2026	30/06/2025	21/08/2024	30/06/2023	13/07/2022	29/06/2021
General meeting	23/04/2026	24/04/2025	25/04/2024	27/04/2023	28/04/2022	29/04/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/11/2025	23/04/2026	20/07/2026	Dutch	PDF
Micro model	30/11/2024	24/04/2025	30/06/2025	Dutch	PDF
Micro model	30/11/2023	25/04/2024	21/08/2024	Dutch	PDF
Abridged model	30/11/2022	27/04/2023	30/06/2023	Dutch	PDF
Micro model	30/11/2021	28/04/2022	13/07/2022	Dutch	PDF
Micro model	30/11/2020	29/04/2021	29/06/2021	Dutch	PDF
Micro model	30/11/2019	30/04/2020	30/06/2020	Dutch	PDF
Micro model	30/11/2018	25/04/2019	07/06/2019	Dutch	PDF
Micro model	30/11/2017	26/04/2018	09/06/2018	Dutch	PDF
Abridged model	30/11/2016	27/04/2017	30/05/2017	Dutch	PDF
Abridged model	30/11/2015	28/04/2016	25/05/2016	Dutch	PDF
Abridged model	30/11/2014	30/04/2015	01/06/2015	Dutch	PDF
Abridged model	30/11/2013	24/04/2014	24/06/2014	Dutch	PDF
Abridged model	30/11/2012	25/04/2013	27/05/2013	Dutch	PDF
Abridged model	30/11/2011	26/04/2012	25/06/2012	Dutch	PDF
Abridged model	30/11/2010	28/04/2011	16/06/2011	Dutch	PDF
Abridged model	30/11/2009	29/04/2010	31/05/2010	Dutch	PDF
Abridged model	30/11/2008	30/04/2009	15/06/2009	Dutch	PDF
Abridged model	30/11/2007	24/04/2008	29/06/2008	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 30/11/2025 · 1 active · 1 ended

Active mandates

Luc Swinnen

Director

Active

Ended mandates

Luc Swinnen

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other06/09/2012
DIVERSEN
PDF
Other27/02/2007
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares10/01/2007
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares07/01/2005
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202521,7 k €↓
2024
Annual accounts 202438,1 k €↑
2023
Annual accounts 202332,8 k €↓
2022
Annual accounts 202246,6 k €↑
2021
Annual accounts 202144,2 k €↑
2020
Annual accounts 202020,3 k €↓
2019
Annual accounts 201951,8 k €↑
2018
Annual accounts 201846,8 k €↓
2017
Annual accounts 201781,2 k €↑
2016
Annual accounts 201650,4 k €↓
2015
Annual accounts 201570,4 k €↓
2014
Annual accounts 201484,5 k €↑
2013
Annual accounts 201384,4 k €↑
2012
Annual accounts 201253,2 k €↑
2011
Annual accounts 2011-23,7 k €↓
2010
Annual accounts 2010-469,8 €↑
2009
Annual accounts 2009-22,8 k €↓
2008
Annual accounts 2008-6,2 k €↓
2007
Annual accounts 20077,9 k €
03/09/1997
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

DIFFERENT

Overview

What does DIFFERENT 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