ACTIVE

CULLINAN

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Financial year 2024 · closed on 31/12/2024

Net result

-1 k €

-119.9% YoY

Gross margin

945,7 €

-85.6% YoY

Equity

424,9 k €

-0.2% YoY

What does CULLINAN do?

CULLINAN is a Public limited company incorporated in 1999. Its main activity is: Activities of holding companies. Its registered office is in Zonhoven.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.265.835

Incorporation

16/06/1999

Legal form

Public limited company

Registered office

Elstrekenweg 35
3520 Zonhoven · FlandreSee on map

Contributed capital

70 000,00 €

Latest accounts

31/12/2024

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities

Joint committees (1)

Signals

Solid equityLow riskGood liquidity

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	945,7 €	-85.6%	6,6 k €	+166%	-10 k €	-256%	-2,8 k €	-120%	13,8 k €	-42.7%	24,1 k €	+118%	11,1 k €	+20.5%	9,2 k €	-27.3%	12,6 k €	-12.0%	14,3 k €	+28.2%	11,2 k €	-16.2%	13,4 k €	-10.4%	14,9 k €	+43.1%	10,4 k €	-27.9%	14,4 k €	-37.6%	23,1 k €	-7.4%	25 k €	+8.1%	23,1 k €	+372%	-8,5 k €
EBITDA	-572,5 €	-110%	5,5 k €	+150%	-11 k €	-166%	-4,1 k €	-150%	8,2 k €	-65.0%	23,4 k €	+144%	9,6 k €	+16.3%	8,3 k €	-28.4%	11,5 k €	-13.3%	13,3 k €	+30.7%	10,2 k €	-17.3%	12,3 k €	-13.6%	14,2 k €	+48.3%	9,6 k €	-29.0%	13,5 k €	+34.6%	10 k €	-29.7%	14,3 k €	+18.3%	12,1 k €	+163%	-19,1 k €
Operating result	-707,5 €	-113%	5,3 k €	+135%	-15,4 k €	-79.9%	-8,6 k €	-376%	3,1 k €	-86.3%	22,6 k €	+156%	8,8 k €	+20.1%	7,3 k €	-28.7%	10,3 k €	-15.1%	12,1 k €	+159%	4,7 k €	-19.8%	5,8 k €	-22.2%	7,5 k €	+126%	3,3 k €	-55.6%	7,5 k €	+53.1%	4,9 k €	-63.0%	13,2 k €	+40.9%	9,4 k €	+142%	-22,1 k €
Net result	-1 k €	-120%	5,1 k €	+133%	-15,5 k €	-79.5%	-8,6 k €	-381%	3,1 k €	-86.5%	22,7 k €	+158%	8,8 k €	+20.4%	7,3 k €	-28.2%	10,2 k €	-15.0%	12 k €	+164%	4,5 k €	-16.6%	5,4 k €	-21.5%	6,9 k €	+185%	2,4 k €	-63.1%	6,6 k €	+52.6%	4,3 k €	-67.2%	13,1 k €	+35.2%	9,7 k €	+104%	-216,8 k €
Balance sheet
Equity	424,9 k €	-0.2%	425,9 k €	+1.2%	420,7 k €	-3.5%	436,2 k €	-1.9%	444,8 k €	+0.7%	441,8 k €	+5.4%	419,1 k €	+2.1%	410,3 k €	+1.8%	403 k €	+2.6%	392,9 k €	+3.1%	380,9 k €	+1.2%	376,4 k €	+1.5%	370,9 k €	+1.9%	364 k €	+0.7%	361,6 k €	+1.9%	355 k €	+1.2%	350,7 k €	+3.9%	337,6 k €	+3.0%	327,8 k €
Total assets	433,4 k €	-1.4%	439,7 k €	+1.3%	433,9 k €	-0.9%	438 k €	-1.8%	446,2 k €	+1.0%	441,8 k €	+3.5%	426,8 k €	+2.3%	417,3 k €	-2.3%	427,1 k €	-1.6%	434,1 k €	-0.7%	437,3 k €	-2.0%	446,4 k €	-2.5%	457,9 k €	-0.7%	461,3 k €	-1.5%	468,3 k €	-4.7%	491,4 k €	+1.0%	486,6 k €	+1.6%	479,1 k €	+1.5%	472,1 k €
Cash	4,2 k €	-5.5%	4,5 k €	+11.5%	4 k €	-62.1%	10,6 k €	+305%	2,6 k €	-40.2%	4,4 k €	-14.4%	5,1 k €	-31.8%	7,5 k €	+6.1%	7,1 k €	+5.2%	6,7 k €	+32.1%	5,1 k €	+78.9%	2,8 k €	-12.3%	3,2 k €	+7.3%	3 k €	-33.5%	4,5 k €	-30.7%	6,5 k €	-28.8%	9,2 k €	+363%	2 k €	-92.3%	25,7 k €
Debts	8,5 k €	-37.6%	13,7 k €	+4.1%	13,2 k €	+629%	1,8 k €	+27.8%	1,4 k €		–		6,9 k €	-0.5%	6,9 k €	-71.1%	24,1 k €	-41.7%	41,2 k €	-26.9%	56,4 k €	-19.5%	70 k €	-19.5%	86,9 k €	-10.6%	97,3 k €	-8.7%	106,6 k €	-21.8%	136,4 k €	+0.4%	135,9 k €	-4.0%	141,6 k €	-1.8%	144,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 7 ended

Active mandates

Christel Gilson

Bestuurder · since 07 décembre 2021 · until 31 décembre 2027

Active

CREATIVE BUSINESS COMMUNICATIONS

Bestuurder · since 07 décembre 2021 · until 31 décembre 2027 · 0456.812.293

Represented by jan Vanherck

Active

Jan Vanherck

Bestuurder · since 07 décembre 2021 · until 31 décembre 2027

Active

Ended mandates

Florentine Charlé

Director · since 14 juin 2011 · until 13 juin 2017

Ended

Jan Vanherck

Managing director · since 14 juin 2011 · until 15 juin 2017

Ended

Christel Gilson

Mandate

Ended

CREATIVE BUSINESS COMMUNICATIONS

Mandate · 0456.812.293

Ended

At this address

Other companies at this address

Company	CBE no.
COINOR of CO.IN.OR● Active	0453.148.663
KOBE● Active	0459.935.297
SYMBION● Active	0476.380.955

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/09/2025	30/09/2024	31/07/2023	31/08/2022	27/08/2021	10/10/2020
General meeting	10/06/2025	11/06/2024	13/06/2023	14/06/2022	08/06/2021	08/09/2020
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	31/12/2024	10/06/2025	30/09/2025	Dutch	PDF
Abridged model	31/12/2023	11/06/2024	30/09/2024	Dutch	PDF
Abridged model	31/12/2022	13/06/2023	31/07/2023	Dutch	PDF
Abridged model	31/12/2021	14/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	08/06/2021	27/08/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	10/10/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	12/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	13/06/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	14/06/2016	28/07/2016	Dutch	PDF
Abridged model	31/12/2014	09/06/2015	29/07/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	25/07/2014	Dutch	PDF
Abridged model	31/12/2012	11/06/2013	31/07/2013	Dutch	PDF
Abridged model	31/12/2011	12/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	08/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	09/06/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	12/06/2008	25/08/2008	Dutch	PDF
Abridged model	31/12/2006	12/06/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 31/12/2024 · 3 active · 7 ended

Active mandates

Christel Gilson

Bestuurder · since 07 décembre 2021 · until 31 décembre 2027

Active

CREATIVE BUSINESS COMMUNICATIONS

Bestuurder · since 07 décembre 2021 · until 31 décembre 2027 · 0456.812.293

Represented by jan Vanherck

Active

Jan Vanherck

Bestuurder · since 07 décembre 2021 · until 31 décembre 2027

Active

Ended mandates

Florentine Charlé

Director · since 14 juin 2011 · until 13 juin 2017

Ended

Jan Vanherck

Managing director · since 14 juin 2011 · until 15 juin 2017

Ended

Christel Gilson

Mandate

Ended

CREATIVE BUSINESS COMMUNICATIONS

Mandate · 0456.812.293

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/09/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/11/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/02/2006
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares26/01/2004
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - 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

2024
Annual accounts 2024-1 k €↓
2023
Annual accounts 20235,1 k €↑
2022
Annual accounts 2022-15,5 k €↓
2021
Annual accounts 2021-8,6 k €↓
2020
Annual accounts 20203,1 k €↓
2019
Annual accounts 201922,7 k €↑
2018
Annual accounts 20188,8 k €↑
2017
Annual accounts 20177,3 k €↓
2016
Annual accounts 201610,2 k €↓
2015
Annual accounts 201512 k €↑
2014
Annual accounts 20144,5 k €↓
2013
Annual accounts 20135,4 k €↓
2012
Annual accounts 20126,9 k €↑
2011
Annual accounts 20112,4 k €↓
2010
Annual accounts 20106,6 k €↑
2009
Annual accounts 20094,3 k €↓
2008
Annual accounts 200813,1 k €↑
2007
Annual accounts 20079,7 k €↑
2006
Annual accounts 2006-216,8 k €
16/06/1999
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

CULLINAN

Overview

What does CULLINAN do?

Trend over 19 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