ACTIVE

CAR TUNING DEVELOPMENT

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Financial year 2025 · closed on 30/09/2025

Net result

151,8 k €

+3.0% YoY

Gross margin

173,8 k €

+0.4% YoY

Equity

277,2 k €

+2.5% YoY

Workforce

0,0 ETP

What does CAR TUNING DEVELOPMENT do?

CAR TUNING DEVELOPMENT is a Public limited company incorporated in 1998. Its main activity is: Gambling and betting activities. Its registered office is in Deerlijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0463.010.494

Incorporation

31/03/1998

Legal form

Public limited company

Registered office

Oudenaardse heerweg 5
8540 Deerlijk · FlandreSee on map

Contributed capital

61 973,38 €

Latest accounts

30/09/2025

Average workforce

0,0 ETP

Activities (NACE)

92623Gambling and betting activities· main 93199Other sports activities 93199Other sports activities 26110Manufacture of electronic components 26110Manufacture of electronic components 32100Manufacture of jewellery, bijouterie and related articles

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	173,8 k €	+0.4%	173,1 k €	+44.7%	119,6 k €	-5.9%	127,1 k €	+94.8%	65,2 k €	+650%	8,7 k €	+375%	-3,2 k €	-126%	12,1 k €	-9.6%	13,4 k €	-43.8%	23,8 k €	+402%	-7,9 k €	-181%	9,7 k €	+5.5%	9,2 k €	+227%	2,8 k €	-83.7%	17,4 k €	+93.3%	9 k €	-72.5%	32,6 k €	+56.7%	20,8 k €	+62.9%	12,8 k €	+2.6%	12,5 k €
EBITDA	173,2 k €	+0.3%	172,7 k €	+45.9%	118,4 k €	-6.7%	126,9 k €	+95.8%	64,8 k €	+696%	8,1 k €	+322%	-3,7 k €	-132%	11,6 k €	-9.6%	12,8 k €	-45.1%	23,4 k €	+380%	-8,3 k €	-190%	9,2 k €	+5.0%	8,8 k €	+289%	2,3 k €	-86.2%	16,3 k €	+92.5%	8,5 k €	-72.8%	31,2 k €	+53.4%	20,4 k €	+70.0%	12 k €	+4.6%	11,5 k €
Operating result	152,1 k €	-2.1%	155,3 k €	+37.3%	113,1 k €	-8.1%	123 k €	+121%	55,6 k €	+3140%	-1,8 k €	+86.6%	-13,7 k €	-1756%	824,8 €	-66.2%	2,4 k €	-86.8%	18,6 k €	+243%	-13 k €	-511%	3,1 k €	+407%	-1 k €	+92.4%	-13,5 k €	-1310%	-955 €	+91.5%	-11,3 k €	-239%	8,2 k €	+2408%	325 €	+112%	-2,8 k €	-30.2%	-2,1 k €
Net result	151,8 k €	+3.0%	147,4 k €	+30.0%	113,3 k €	+23.3%	91,9 k €	+70.1%	54 k €	+9483%	563,8 €	+105%	-10,6 k €	-571%	2,3 k €	-50.6%	4,6 k €	-78.4%	21,2 k €	+284%	-11,5 k €	-372%	4,2 k €	+2265%	179 €	+101%	-12,2 k €	-2170%	588 €	+106%	-9,5 k €	-174%	12,9 k €	+268%	3,5 k €	+1189%	271 €	-67.3%	829 €
Balance sheet
Equity	277,2 k €	+2.5%	270,5 k €	+12.6%	240,1 k €	+3.6%	231,8 k €	+65.7%	139,9 k €	+20.7%	115,8 k €	+0.5%	115,3 k €	-8.5%	125,9 k €	+1.8%	123,7 k €	+3.8%	119,1 k €	+21.6%	97,9 k €	-10.5%	109,5 k €	+4.0%	105,2 k €	+0.2%	105,1 k €	-10.4%	117,2 k €	+0.5%	116,6 k €	-7.5%	126,1 k €	+11.4%	113,3 k €	+3.2%	109,8 k €	+0.2%	109,5 k €
Total assets	604,2 k €	+11.2%	543,5 k €	+46.9%	369,9 k €	+32.0%	280,3 k €	+37.3%	204,2 k €	+60.2%	127,5 k €	+1.5%	125,6 k €	-7.3%	135,5 k €	-2.5%	139 k €	+13.2%	122,8 k €	+23.6%	99,4 k €	-14.0%	115,5 k €	+4.7%	110,4 k €	+2.7%	107,4 k €	-15.6%	127,3 k €	-3.6%	132 k €	-22.2%	169,7 k €	+21.8%	139,3 k €	+7.1%	130 k €	+7.1%	121,4 k €
Cash	202,9 k €	+51.3%	134,1 k €	-46.7%	251,6 k €	+49.9%	167,9 k €	+101%	83,4 k €	+370%	17,8 k €	-12.7%	20,3 k €	-24.2%	26,8 k €	+94.1%	13,8 k €	+46.9%	9,4 k €	+193%	3,2 k €	-86.0%	22,9 k €	+13.7%	20,1 k €	+30.6%	15,4 k €	-2.6%	15,8 k €	+152%	6,3 k €	-24.8%	8,3 k €	+208%	2,7 k €	-56.8%	6,3 k €	+180%	2,2 k €
Debts	313,2 k €	+18.8%	263,7 k €	+107%	127,2 k €	+177%	46 k €	-25.9%	62 k €	+557%	9,4 k €	+16.6%	8,1 k €	+9.9%	7,4 k €	-32.6%	10,9 k €	+193%	3,7 k €	+161%	1,4 k €	-9.8%	1,6 k €	-69.0%	5,1 k €	+117%	2,4 k €	-72.4%	8,5 k €	-30.8%	12,3 k €	-70.7%	42 k €	+74.8%	24,1 k €	+28.3%	18,8 k €	+80.7%	10,4 k €
Other
Workforce	0,0 ETP		0,0 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 · 1 active · 18 ended

Active mandates

GUIDO CAEL

Director · since 23 décembre 2024 · 0870.898.266

Represented by Guido Cael

Active

Ended mandates

GUIDO CAEL

Director · since 22 mars 2022 · until 28 mars 2028 · 0870.898.266

Represented by Guido Cael

Ended

CAR TUNING DEVELOPMENT

Chairman of the board of directors · since 22 mars 2016 · until 22 mars 2022 · 0463.010.494

Represented by Guido Cael

Ended

CAR TUNING DEVELOPMENT

Chairman of the board of directors · since 22 mars 2016 · until 28 mars 2028 · 0463.010.494

Represented by Guido Cael

Ended

Guido Cael

Director · since 22 mars 2016 · until 01 janvier 2020

Ended

At this address

Other companies at this address

Company	CBE no.
GUIDO CAEL● Active	0870.898.266

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	31/05/2026	30/04/2025	30/04/2024	30/04/2023	31/05/2022	29/04/2021
General meeting	24/03/2026	25/03/2025	26/03/2024	28/03/2023	22/03/2022	23/03/2021
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	24/03/2026	31/05/2026	Dutch	PDF
Abridged model	30/09/2024	25/03/2025	30/04/2025	Dutch	PDF
Abridged model	30/09/2023	26/03/2024	30/04/2024	Dutch	PDF
Abridged model	30/09/2022	28/03/2023	30/04/2023	Dutch	PDF
Abridged model	30/09/2021	22/03/2022	31/05/2022	Dutch	PDF
Abridged model	30/09/2020	23/03/2021	29/04/2021	Dutch	PDF
Abridged model	30/09/2019	24/03/2020	30/04/2020	Dutch	PDF
Abridged model	30/09/2018	26/03/2019	26/04/2019	Dutch	PDF
Abridged model	30/09/2017	27/03/2018	31/05/2018	Dutch	PDF
Abridged model	30/09/2016	28/03/2017	28/04/2017	Dutch	PDF
Abridged model	30/09/2015	22/03/2016	29/04/2016	Dutch	PDF
Abridged model	30/09/2014	24/03/2015	24/04/2015	Dutch	PDF
Abridged model	30/09/2013	25/03/2014	30/04/2014	Dutch	PDF
Abridged model	30/09/2012	26/03/2013	21/05/2013	Dutch	PDF
Abridged model	30/09/2011	27/03/2012	27/04/2012	Dutch	PDF
Abridged model	30/09/2010	29/03/2011	29/04/2011	Dutch	PDF
Abridged model	30/09/2009	23/03/2010	30/04/2010	Dutch	PDF
Abridged model	30/09/2008	24/03/2009	31/03/2009	Dutch	PDF
Abridged model	30/09/2007	25/03/2008	01/04/2008	Dutch	PDF
Abridged model	30/09/2006	27/03/2007	13/04/2007	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 · 1 active · 18 ended

Active mandates

GUIDO CAEL

Director · since 23 décembre 2024 · 0870.898.266

Represented by Guido Cael

Active

Ended mandates

GUIDO CAEL

Director · since 22 mars 2022 · until 28 mars 2028 · 0870.898.266

Represented by Guido Cael

Ended

CAR TUNING DEVELOPMENT

Chairman of the board of directors · since 22 mars 2016 · until 22 mars 2022 · 0463.010.494

Represented by Guido Cael

Ended

CAR TUNING DEVELOPMENT

Chairman of the board of directors · since 22 mars 2016 · until 28 mars 2028 · 0463.010.494

Represented by Guido Cael

Ended

Guido Cael

Director · since 22 mars 2016 · until 01 janvier 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/06/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/03/2005
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
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 2025151,8 k €↑
2024
Annual accounts 2024147,4 k €↑
2023
Annual accounts 2023113,3 k €↑
2022
Annual accounts 202291,9 k €↑
2021
Annual accounts 202154 k €↑
2020
Annual accounts 2020563,8 €↑
2019
Annual accounts 2019-10,6 k €↓
2018
Annual accounts 20182,3 k €↓
2017
Annual accounts 20174,6 k €↓
2016
Annual accounts 201621,2 k €↑
2015
Annual accounts 2015-11,5 k €↓
2014
Annual accounts 20144,2 k €↑
2013
Annual accounts 2013179 €↑
2012
Annual accounts 2012-12,2 k €↓
2011
Annual accounts 2011588 €↑
2010
Annual accounts 2010-9,5 k €↓
2009
Annual accounts 200912,9 k €↑
2008
Annual accounts 20083,5 k €↑
2007
Annual accounts 2007271 €↓
2006
Annual accounts 2006829 €
31/03/1998
IncorporationPublic 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

CAR TUNING DEVELOPMENT

Overview

What does CAR TUNING DEVELOPMENT do?

Trend over 20 financial years

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