ACTIVE

SHAMROCK TECHNOLOGIES

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Financial year 2025 · closed on 31/12/2025

Net result

2,2 M €

+63.7% YoY

Revenue

21,3 M €

+0.5% YoY

Equity

18,3 M €

-18.9% YoY

Workforce

26,5 ETP

-1.1% YoY

What does SHAMROCK TECHNOLOGIES do?

SHAMROCK TECHNOLOGIES is a Private limited company incorporated in 2000. Its registered office is in Tongeren-Borgloon. It employs on average 26,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.315.170

Incorporation

06/07/2000

Legal form

Private limited company

Registered office

Heersterveldweg 21
3700 Tongeren-Borgloon · FlandreSee on map

Contributed capital

228 840,34 €

Latest accounts

31/12/2025

Average workforce

26,5 ETP

Joint committees (4)

116
11600
207
20700

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2024		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	21,3 M €	+0.5%	21,2 M €	+7.6%	19,7 M €	-27.0%	27 M €	+22.2%	22,1 M €	-0.7%	22,2 M €	+4.5%	21,3 M €	+2.4%	20,8 M €	+9.6%	19 M €	+6.2%	17,8 M €	-2.9%	18,4 M €	+21.7%	15,1 M €	+7.1%	14,1 M €	+0.4%	14,1 M €	+15.4%	12,2 M €	+33.4%	9,1 M €	-17.8%	11,1 M €	-8.3%	12,1 M €	+6.3%	11,4 M €
EBITDA	3,2 M €	+37.2%	2,3 M €	+74.9%	1,3 M €	-74.8%	5,2 M €	+54.3%	3,4 M €	+9.1%	3,1 M €	-23.0%	4 M €	-1.8%	4,1 M €	+33.2%	3,1 M €	+30.9%	2,4 M €	-39.3%	3,9 M €	+13.9%	3,4 M €	+93.8%	1,8 M €	-34.5%	2,7 M €	-17.3%	3,3 M €	+54.1%	2,1 M €	-36.8%	3,3 M €	-10.8%	3,7 M €	+8.8%	3,4 M €
Operating result	2,7 M €	+42.5%	1,9 M €	+122%	864,6 k €	-82.4%	4,9 M €	+62.4%	3 M €	+10.7%	2,7 M €	-24.7%	3,6 M €	-3.4%	3,8 M €	+35.5%	2,8 M €	+38.9%	2 M €	-42.5%	3,5 M €	+12.2%	3,1 M €	+120%	1,4 M €	-39.8%	2,3 M €	-22.3%	3 M €	+58.2%	1,9 M €	-38.3%	3,1 M €	-12.6%	3,5 M €	+9.4%	3,2 M €
Net result	2,2 M €	+63.7%	1,4 M €	+117%	627 k €	-83.9%	3,9 M €	+73.3%	2,2 M €	+20.5%	1,9 M €	-25.6%	2,5 M €	+5.3%	2,4 M €	+25.5%	1,9 M €	+36.3%	1,4 M €	-41.0%	2,4 M €	+16.3%	2 M €	+129%	886,2 k €	-44.8%	1,6 M €	-20.9%	2 M €	+54.4%	1,3 M €	-40.4%	2,2 M €	-5.8%	2,3 M €	+14.6%	2 M €
Balance sheet
Equity	18,3 M €	-18.9%	22,6 M €	-26.1%	30,5 M €	+14.1%	26,8 M €	+16.5%	23 M €	+10.5%	20,8 M €	-13.3%	24 M €	+11.5%	21,5 M €	+12.4%	19,1 M €	+11.0%	17,2 M €	+8.8%	15,9 M €	+17.4%	13,5 M €	+17.6%	11,5 M €	+8.4%	10,6 M €	-24.3%	14 M €	+16.9%	12 M €	+12.3%	10,7 M €	+26.0%	8,5 M €	+38.1%	6,1 M €
Total assets	28,7 M €	-3.3%	29,7 M €	-12.8%	34 M €	-0.3%	34,1 M €	+26.8%	26,9 M €	+4.1%	25,8 M €	-6.4%	27,6 M €	+6.0%	26 M €	+11.1%	23,4 M €	+7.8%	21,7 M €	+9.7%	19,8 M €	+11.5%	17,8 M €	+16.1%	15,3 M €	+2.4%	14,9 M €	-20.5%	18,8 M €	+9.9%	17,1 M €	+16.7%	14,7 M €	+1.0%	14,5 M €	+38.2%	10,5 M €
Cash	16,3 M €	+24.1%	13,1 M €	-25.9%	17,7 M €	-3.3%	18,3 M €	+10.6%	16,5 M €	+20.1%	13,8 M €	-16.5%	16,5 M €	+18.6%	13,9 M €	+24.6%	11,1 M €	-3.6%	11,6 M €	+24.9%	9,3 M €	+11.5%	8,3 M €	+37.9%	6 M €	+47.9%	4,1 M €	-58.7%	9,9 M €	+4.1%	9,5 M €	+5854%	159,1 k €	+104%	78 k €	-85.1%	523,7 k €
Debts	9,2 M €	+29.5%	7,1 M €	+116%	3,3 M €	-55.2%	7,3 M €	+87.3%	3,9 M €	-22.2%	5 M €	+39.4%	3,6 M €	-20.0%	4,5 M €	+5.1%	4,3 M €	-4.1%	4,5 M €	+13.3%	4 M €	-7.3%	4,3 M €	+13.5%	3,8 M €	-12.3%	4,3 M €	-9.4%	4,7 M €	-6.4%	5,1 M €	+27.2%	4 M €	-33.4%	6 M €	+37.3%	4,3 M €
Other
Workforce	26,5 ETP	-1.1%	26,8 ETP	-9.5%	29,6 ETP	+40.3%	21,1 ETP	-12.4%	24,1 ETP	-0.4%	24,2 ETP	+4.3%	23,2 ETP	+10.5%	21,0 ETP	+25.0%	16,8 ETP	+9.8%	15,3 ETP	-3.2%	15,8 ETP	+0.6%	15,7 ETP	+24.6%	12,6 ETP	+7.7%	11,7 ETP	+11.4%	10,5 ETP	+9.4%	9,6 ETP	+12.9%	8,5 ETP	+10.4%	7,7 ETP	-6.1%	8,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 15 ended

Active mandates

Michael J. Kellen

Director · since 01 septembre 2025

Active

Robert L Kahle

Director · since 15 mars 2023

Active

Wiliam B. Neuberg

Director · since 21 octobre 2004

Active

Ended mandates

Joon Soon Choo

Director · since 28 juin 2021

Ended

Nicholas Neuberg

Director · since 27 février 2017

Ended

Nicholas Neuberg

Manager · since 27 février 2017

Ended

Richard Leslie Baillie

Manager · since 02 mai 2008

Ended

Annual accounts

Full financial information

	2025	2024	2024	2023	2022	2021
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	29/01/2024	30/01/2023	01/02/2022	01/02/2021	27/01/2020
Closing of the financial year	31/12/2025	31/12/2024	28/01/2024	29/01/2023	31/01/2022	31/01/2021
Length of the financial year	12 months	12 months	13 months	12 months	12 months	13 months
Filing date	09/06/2026	25/06/2025	17/06/2024	06/09/2023	21/07/2022	30/08/2021
General meeting	26/05/2026	23/05/2025	24/05/2024	28/07/2023	06/05/2022	09/07/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/05/2026	09/06/2026	Dutch	PDF
Full model	31/12/2024	23/05/2025	25/06/2025	Dutch	PDF
Full model	28/01/2024	24/05/2024	17/06/2024	Dutch	PDF
Full model	29/01/2023	28/07/2023	06/09/2023	Dutch	PDF
Full model	31/01/2022	06/05/2022	21/07/2022	Dutch	PDF
Full model	31/01/2021	09/07/2021	30/08/2021	Dutch	PDF
Full model	26/01/2020	25/05/2020	23/06/2020	Dutch	PDF
Full model	27/01/2019	03/05/2019	04/06/2019	Dutch	PDF
Full model	28/01/2018	04/05/2018	25/05/2018	Dutch	PDF
Full model	29/01/2017	05/05/2017	13/06/2017	Dutch	PDF
Full model	31/01/2016	06/05/2016	19/05/2016	Dutch	PDF
Full model	25/01/2015	04/05/2015	04/06/2015	Dutch	PDF
Full model	26/01/2014	02/05/2014	02/06/2014	Dutch	PDF
Full modelCorrection	27/01/2013	03/05/2013	02/06/2014	Dutch	PDF
Full model	27/01/2013	03/05/2013	07/05/2013	Dutch	PDF
Full modelCorrection	29/01/2012	04/05/2012	02/06/2014	Dutch	PDF
Full model	29/01/2012	04/05/2012	09/05/2012	Dutch	PDF
Full model	30/01/2011	06/05/2011	26/05/2011	Dutch	PDF
Full model	31/01/2010	07/05/2010	01/06/2010	Dutch	PDF
Full model	01/02/2009	04/05/2009	30/07/2009	Dutch	PDF
Full model	27/01/2008	02/05/2008	01/08/2008	Dutch	PDF
Full model	28/01/2007	04/05/2007	31/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 3 active · 15 ended

Active mandates

Michael J. Kellen

Director · since 01 septembre 2025

Active

Robert L Kahle

Director · since 15 mars 2023

Active

Wiliam B. Neuberg

Director · since 21 octobre 2004

Active

Ended mandates

Joon Soon Choo

Director · since 28 juin 2021

Ended

Nicholas Neuberg

Director · since 27 février 2017

Ended

Nicholas Neuberg

Manager · since 27 février 2017

Ended

Richard Leslie Baillie

Manager · since 02 mai 2008

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other13/02/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BOEKJAAR
PDF
Mandates30/01/2025
ONTSLAGEN - BENOEMINGEN - BOEKJAAR
PDF
Mandates07/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/10/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/08/2021
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 20252,2 M €↑
2024
Annual accounts 20241,4 M €↑
2024
Annual accounts 2024627 k €↓
2022
Annual accounts 20223,9 M €↑
2021
Annual accounts 20212,2 M €↑
2020
Annual accounts 20201,9 M €↓
2019
Annual accounts 20192,5 M €↑
2018
Annual accounts 20182,4 M €↑
2017
Annual accounts 20171,9 M €↑
2016
Annual accounts 20161,4 M €↓
2015
Annual accounts 20152,4 M €↑
2014
Annual accounts 20142 M €↑
2013
Annual accounts 2013886,2 k €↓
2012
Annual accounts 20121,6 M €↓
2011
Annual accounts 20112 M €↑
2010
Annual accounts 20101,3 M €↓
2009
Annual accounts 20092,2 M €↓
2008
Annual accounts 20082,3 M €↑
2007
Annual accounts 20072 M €
06/07/2000
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

SHAMROCK TECHNOLOGIES

Overview

What does SHAMROCK TECHNOLOGIES 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