ACTIVE

SULMON

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Financial year 2025 · closed on 31/12/2025

Net result

273,7 k €

-11.0% YoY

Gross margin

583,8 k €

-8.2% YoY

Equity

3,9 M €

+7.6% YoY

Workforce

2,0 ETP

0.0% YoY

What does SULMON do?

SULMON is a Public limited company incorporated in 1998. Its registered office is in Waregem. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.755.011

Incorporation

14/12/1998

Legal form

Public limited company

Registered office

Maalbeekstraat 2
8790 Waregem · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

2,0 ETP

Joint committees (3)

14904
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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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	583,8 k €	-8.2%	635,8 k €	-4.9%	668,7 k €	-55.6%	1,5 M €	-9.3%	1,7 M €	+87.1%	886,9 k €	+22.5%	724,2 k €	+34.9%	536,8 k €	+7.1%	501,4 k €	-10.9%	562,9 k €	+33.9%	420,4 k €	+11.5%	377 k €	-21.3%	478,9 k €	+76.1%	271,9 k €	-21.2%	345,1 k €	+3.7%	332,8 k €	-37.7%	534,4 k €	-1.6%	542,9 k €	+34.1%	404,9 k €
EBITDA	433,8 k €	-10.7%	485,7 k €	-0.9%	490,2 k €	-62.8%	1,3 M €	-8.8%	1,4 M €	+97.9%	729,9 k €	+21.9%	598,8 k €	+166%	224,8 k €	-38.7%	366,9 k €	-13.3%	423,3 k €	+40.1%	302,2 k €	+21.8%	248,1 k €	-33.8%	374,6 k €	+136%	158,5 k €	-19.2%	196,2 k €	-17.1%	236,6 k €	-40.8%	399,7 k €	-10.9%	448,5 k €	+48.0%	303,1 k €
Operating result	322,8 k €	-13.9%	374,8 k €	+2.4%	365,9 k €	-69.3%	1,2 M €	-10.2%	1,3 M €	+112%	627,1 k €	+37.2%	457 k €	+395%	92,3 k €	-39.4%	152,3 k €	+22.1%	124,8 k €	+31.3%	95 k €	-11.2%	107 k €	-54.0%	232,6 k €	+764%	26,9 k €	-46.3%	50,2 k €	-18.8%	61,7 k €	-73.8%	235,6 k €	-22.7%	304,9 k €	+74.1%	175,2 k €
Net result	273,7 k €	-11.0%	307,6 k €	+12.2%	274,2 k €	-69.5%	899,4 k €	-7.9%	976,2 k €	+115%	453,7 k €	+53.9%	294,9 k €	+1264%	21,6 k €	-56.7%	49,9 k €	+91.9%	26 k €	-31.6%	38 k €	+20.8%	31,5 k €	-77.9%	142,3 k €	+1489%	-10,2 k €	-137%	27,6 k €	-45.4%	50,5 k €	-63.4%	138,2 k €	-34.5%	211,1 k €	+34.0%	157,5 k €
Balance sheet
Equity	3,9 M €	+7.6%	3,6 M €	+9.3%	3,3 M €	+9.0%	3 M €	+42.1%	2,1 M €	+84.3%	1,2 M €	+64.4%	704,2 k €	+72.0%	409,3 k €	-64.6%	1,2 M €	+4.5%	1,1 M €	+2.4%	1,1 M €	+3.7%	1 M €	+3.1%	1 M €	+16.4%	868,1 k €	-1.2%	878,3 k €	+3.2%	850,8 k €	+6.3%	800,3 k €	+12.4%	712,1 k €	+29.2%	551 k €
Total assets	4,1 M €	-0.6%	4,1 M €	+7.3%	3,8 M €	+4.2%	3,7 M €	+16.8%	3,1 M €	+53.1%	2 M €	-9.4%	2,3 M €	-3.3%	2,3 M €	-34.4%	3,6 M €	+3.4%	3,5 M €	+10.5%	3,1 M €	+52.1%	2,1 M €	+17.5%	1,7 M €	-1.9%	1,8 M €	+2.2%	1,7 M €	-0.2%	1,7 M €	-0.9%	1,8 M €	+11.5%	1,6 M €	+11.2%	1,4 M €
Cash	1,1 M €	+268%	290,1 k €	-65.0%	829,4 k €	+48.2%	559,7 k €	+34.9%	415 k €	+4243694%	9,8 €	-100.0%	150,6 k €	-20.9%	190,3 k €	+131%	82,4 k €	+221%	25,7 k €	+14.0%	22,5 k €	-14.7%	26,4 k €	+28.4%	20,6 k €	+3.1%	20 k €	-1.7%	20,3 k €	-71.5%	71,2 k €	+1006%	6,4 k €	-87.8%	52,7 k €	+386%	10,9 k €
Debts	180,9 k €	-62.0%	476,5 k €	-5.5%	504 k €	-18.0%	614,7 k €	-37.0%	976,2 k €	+13.3%	861,5 k €	-43.5%	1,5 M €	-20.5%	1,9 M €	-20.5%	2,4 M €	+2.8%	2,3 M €	+14.8%	2 M €	+102%	1 M €	+37.1%	738,3 k €	-19.3%	914,4 k €	+5.6%	865,6 k €	-0.7%	872 k €	-8.2%	950,1 k €	+11.1%	855,4 k €	-0.6%	860,5 k €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	-20.0%	2,5 ETP	-16.7%	3,0 ETP	-18.9%	3,7 ETP	+32.1%	2,8 ETP	+40.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-31.0%	2,9 ETP	-3.3%	3,0 ETP	+20.0%	2,5 ETP	+25.0%	2,0 ETP	-13.0%	2,3 ETP	+15.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 20 ended

Active mandates

ESSELLE

Managing director · since 18 décembre 2023 · until 25 mai 2029 · 0541.759.747

Represented by Sulmon LODE

Active

NOLAS

Director · since 18 décembre 2023 · until 25 mai 2029 · 0802.051.824

Represented by Nuytten OLIVIER

Active

Ended mandates

ESSELLE

Managing director · since 28 mai 2021 · until 28 mai 2027 · 0541.759.747

Represented by Lode Sulmon

Ended

LODE SULMON

Director · since 08 août 2018 · until 28 mai 2021

Ended

ESSELLE

Managing director · since 29 mai 2015 · until 28 mai 2021 · 0541.759.747

Represented by Lode Sulmon

Ended

ESSELLE

Managing director · since 29 mai 2015 · until 28 mai 2021 · 0541.759.747

Represented by Lode Sulmon

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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/06/2026	04/06/2025	14/06/2024	09/07/2023	08/07/2022	27/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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	31/12/2025	29/05/2026	11/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	04/06/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	14/06/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	09/07/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	08/07/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	27/06/2021	Dutch	PDF
Abridged model	31/12/2019	22/05/2020	06/07/2020	Dutch	PDF
Abridged model	31/12/2018	24/05/2019	23/07/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	25/06/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	20/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	12/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	20/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	11/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	20/06/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	18/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	09/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	16/06/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	14/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2025 · 2 active · 20 ended

Active mandates

ESSELLE

Managing director · since 18 décembre 2023 · until 25 mai 2029 · 0541.759.747

Represented by Sulmon LODE

Active

NOLAS

Director · since 18 décembre 2023 · until 25 mai 2029 · 0802.051.824

Represented by Nuytten OLIVIER

Active

Ended mandates

ESSELLE

Managing director · since 28 mai 2021 · until 28 mai 2027 · 0541.759.747

Represented by Lode Sulmon

Ended

LODE SULMON

Director · since 08 août 2018 · until 28 mai 2021

Ended

ESSELLE

Managing director · since 29 mai 2015 · until 28 mai 2021 · 0541.759.747

Represented by Lode Sulmon

Ended

ESSELLE

Managing director · since 29 mai 2015 · until 28 mai 2021 · 0541.759.747

Represented by Lode Sulmon

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/10/2018
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring03/09/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring15/06/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates26/08/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/01/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/09/2009
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

2025
Annual accounts 2025273,7 k €↓
2024
Annual accounts 2024307,6 k €↑
2023
Annual accounts 2023274,2 k €↓
2022
Annual accounts 2022899,4 k €↓
2021
Annual accounts 2021976,2 k €↑
2020
Annual accounts 2020453,7 k €↑
2019
Annual accounts 2019294,9 k €↑
2018
Annual accounts 201821,6 k €↓
2017
Annual accounts 201749,9 k €↑
2016
Annual accounts 201626 k €↓
2015
Annual accounts 201538 k €↑
2014
Annual accounts 201431,5 k €↓
2013
Annual accounts 2013142,3 k €↑
2012
Annual accounts 2012-10,2 k €↓
2011
Annual accounts 201127,6 k €↓
2010
Annual accounts 201050,5 k €↓
2009
Annual accounts 2009138,2 k €↓
2008
Annual accounts 2008211,1 k €↑
2007
Annual accounts 2007157,5 k €
14/12/1998
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

SULMON

Overview

What does SULMON 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