ACTIVE

PULP

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Financial year 2025 · closed on 30/09/2025

Net result

224,8 k €

+48.7% YoY

Gross margin

1,7 M €

+10.2% YoY

Equity

804,2 k €

+35.8% YoY

Workforce

28,5 ETP

+5.6% YoY

What does PULP do?

PULP is a Private limited company incorporated in 1998. Its main activity is: Camping grounds, recreational vehicle parks and trailer parks. Its registered office is in Saint-Gilles. It employs on average 28,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.416.105

Incorporation

22/10/1998

Legal form

Private limited company

Registered office

Avenue du Roi 42
1060 Saint-Gilles · BruxellesSee on map

Contributed capital

80 592,01 €

Latest accounts

30/09/2025

Average workforce

28,5 ETP

Activities (NACE)

55302Camping grounds, recreational vehicle parks and trailer parks· main 56102Restaurants and mobile food service activities 56112Restaurants and mobile food service activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,7 M €	+10.2%	1,5 M €	+9.6%	1,4 M €	+62.4%	848,3 k €	+260%	235,8 k €	-67.0%	713,5 k €	-57.5%	1,7 M €	+20.2%	1,4 M €	-36.8%	2,2 M €	+103%	1,1 M €	+5.3%	1,0 M €	-2.0%	1,1 M €	+2.0%	1,0 M €	-7.8%	1,1 M €	+10.8%	1,0 M €	+29.3%	784,9 k €	+0.1%	784,1 k €	+7.7%	728,3 k €	+20.0%	606,7 k €
EBITDA	374,9 k €	+25.9%	297,7 k €	+23.0%	242,0 k €	+314%	58,5 k €	+6.9%	54,7 k €	+80.8%	30,2 k €	-93.0%	430,1 k €	+47.8%	291,1 k €	-42.8%	509,1 k €	+172%	187,4 k €	+57.1%	119,3 k €	-13.6%	138,1 k €	-8.2%	150,3 k €	-43.1%	264,1 k €	+416%	51,2 k €	+135%	-144,4 k €	-212%	128,5 k €	-26.6%	175,0 k €	+10.0%	159,1 k €
Operating result	247,3 k €	+45.8%	169,6 k €	+47.6%	114,9 k €	+271%	-67,1 k €	+16.6%	-80,4 k €	+35.2%	-124,1 k €	-223%	100,6 k €	-25.9%	135,9 k €	-45.6%	249,6 k €	+134%	106,7 k €	+174%	39,0 k €	+25.6%	31,1 k €	+6.6%	29,1 k €	-78.8%	137,3 k €	+238%	-99,6 k €	+66.3%	-296,0 k €	-1603%	-17,4 k €	-163%	27,8 k €	+22.3%	22,7 k €
Net result	224,8 k €	+48.7%	151,2 k €	+40.3%	107,7 k €	+243%	-75,5 k €	+0.9%	-76,2 k €	+45.2%	-139,0 k €	-295%	71,2 k €	-27.7%	98,5 k €	-47.4%	187,3 k €	+23.7%	151,4 k €	+59.0%	95,2 k €	+0.7%	94,5 k €	+156%	36,9 k €	-73.8%	140,9 k €	+223%	-114,9 k €	+65.1%	-329,4 k €	-986%	-30,3 k €	-305%	14,8 k €	+20.5%	12,3 k €
Balance sheet
Equity	804,2 k €	+35.8%	592,3 k €	+30.4%	454,1 k €	+26.1%	360,1 k €	-19.7%	448,5 k €	+13.8%	394,0 k €	-21.7%	503,2 k €	+16.9%	430,3 k €	+29.7%	331,8 k €	+90.2%	174,5 k €	+658%	23,0 k €	+132%	-72,2 k €	+56.7%	-166,7 k €	+18.1%	-203,6 k €	+40.9%	-344,5 k €	-50.1%	-229,6 k €	-330%	99,8 k €	-23.3%	130,1 k €	+12.8%	115,3 k €
Total assets	2,1 M €	+7.6%	1,9 M €	+0.8%	1,9 M €	-2.8%	2,0 M €	-10.1%	2,2 M €	+0.3%	2,2 M €	-9.3%	2,4 M €	+74.9%	1,4 M €	+49.1%	921,4 k €	+30.2%	707,5 k €	+62.0%	436,8 k €	-31.0%	633,1 k €	-8.4%	690,8 k €	-16.6%	828,1 k €	-8.2%	902,5 k €	-21.4%	1,1 M €	+32.1%	868,8 k €	+17.6%	738,7 k €	-13.7%	856,3 k €
Cash	691,6 k €	+46.0%	473,8 k €	+11.3%	425,9 k €	-10.8%	477,5 k €	+64.8%	289,7 k €	-49.9%	578,4 k €	-18.6%	710,5 k €	+3.3%	687,5 k €	+25.3%	548,6 k €	+163%	208,4 k €	+139%	87,3 k €	+92.3%	45,4 k €	+2.9%	44,2 k €	-32.5%	65,4 k €	+18.4%	55,3 k €	-11.9%	62,8 k €	+14.4%	54,8 k €	+50.5%	36,4 k €	-62.9%	98,1 k €
Debts	1,2 M €	-6.7%	1,3 M €	-8.5%	1,5 M €	-9.2%	1,6 M €	-7.5%	1,7 M €	-0.5%	1,7 M €	-7.7%	1,9 M €	+109%	901,7 k €	+58.7%	568,2 k €	+11.1%	511,6 k €	+23.7%	413,8 k €	-41.2%	704,0 k €	-17.9%	857,5 k €	-16.9%	1,0 M €	-17.3%	1,2 M €	-9.5%	1,4 M €	+79.1%	769,0 k €	+26.4%	608,5 k €	-17.9%	740,9 k €
Other
Workforce	28,5 ETP	+5.6%	27,0 ETP	+5.5%	25,6 ETP	-2.7%	26,3 ETP	-4.0%	27,4 ETP	-10.7%	30,7 ETP	-5.8%	32,6 ETP	+4.2%	31,3 ETP	-50.6%	63,4 ETP	+155%	24,9 ETP	-3.1%	25,7 ETP	-1.2%	26,0 ETP	-0.8%	26,2 ETP	-9.7%	29,0 ETP	-12.1%	33,0 ETP	+8.6%	30,4 ETP	+21.6%	25,0 ETP	+7.8%	23,2 ETP	+22.8%	18,9 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 · 2 ended

Active mandates

Arnaud Seerden

Director · since 13 octobre 1998

Active

Ended mandates

Arnaud Seerden

Mandate

Ended

Arnaud Seerden

Manager

Ended

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	06/08/2026	30/04/2025	28/04/2024	28/04/2023	02/05/2022	26/04/2021
General meeting	27/03/2026	28/03/2025	29/03/2024	31/03/2023	25/03/2022	26/03/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	27/03/2026	06/08/2026	French	PDF
Abridged model	30/09/2024	28/03/2025	30/04/2025	French	PDF
Abridged model	30/09/2023	29/03/2024	28/04/2024	French	PDF
Abridged model	30/09/2022	31/03/2023	28/04/2023	French	PDF
Abridged model	30/09/2021	25/03/2022	02/05/2022	French	PDF
Abridged model	30/09/2020	26/03/2021	26/04/2021	French	PDF
Abridged model	30/09/2019	27/03/2020	28/04/2020	French	PDF
Abridged model	30/09/2018	29/03/2019	29/05/2019	French	PDF
Abridged model	30/09/2017	30/03/2018	12/07/2018	French	PDF
Abridged model	31/12/2015	24/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	18/07/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	26/08/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	31/07/2013	French	PDF
Abridged model	31/12/2011	03/04/2012	04/04/2012	French	PDF
Abridged model	31/12/2010	28/06/2011	31/07/2011	French	PDF
Abridged model	31/12/2009	25/06/2010	29/07/2010	French	PDF
Abridged model	31/12/2008	26/06/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	27/06/2008	01/08/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	01/08/2007	French	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 · 2 ended

Active mandates

Arnaud Seerden

Director · since 13 octobre 1998

Active

Ended mandates

Arnaud Seerden

Mandate

Ended

Arnaud Seerden

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Other02/03/2017
ASSEMBLEE GENERALE - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares25/10/2004
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025224,8 k €↑
2024
Annual accounts 2024151,2 k €↑
2023
Annual accounts 2023107,7 k €↑
2022
Annual accounts 2022-75,5 k €↑
2021
Annual accounts 2021-76,2 k €↑
2020
Annual accounts 2020-139,0 k €↓
2019
Annual accounts 201971,2 k €↓
2018
Annual accounts 201898,5 k €↓
2017
Annual accounts 2017187,3 k €↑
2015
Annual accounts 2015151,4 k €↑
2014
Annual accounts 201495,2 k €↑
2013
Annual accounts 201394,5 k €↑
2012
Annual accounts 201236,9 k €↓
2011
Annual accounts 2011140,9 k €↑
2010
Annual accounts 2010-114,9 k €↑
2009
Annual accounts 2009-329,4 k €↓
2008
Annual accounts 2008-30,3 k €↓
2007
Annual accounts 200714,8 k €↑
2006
Annual accounts 200612,3 k €
22/10/1998
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

PULP

Overview

What does PULP 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