ACTIVE

CUM LAUDE PROJECTS

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Financial year 2025 · closed on 30/09/2025

Net result

86,8 k €

-39.4% YoY

Gross margin

188,4 k €

-41.8% YoY

Equity

1,4 M €

-7.5% YoY

Workforce

1,0 ETP

0.0% YoY

What does CUM LAUDE PROJECTS do?

CUM LAUDE PROJECTS is a Private limited company incorporated in 2000. Its main activity is: Management consultancy activities. Its registered office is in Schoten. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.129.178

Incorporation

26/10/2000

Legal form

Private limited company

Registered office

Kneuterlei 14
2900 Schoten · FlandreSee on map

Contributed capital

20 460,00 €

Latest accounts

30/09/2025

Average workforce

1,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70210Public relations and communication activities 70220Business and other management consultancy activities 73300Advertising and market research 74142Specialised design activities 63920Other information service activities+7

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	188,4 k €	-41.8%	323,4 k €	-10.7%	362,1 k €	-34.3%	550,9 k €	+33.2%	413,6 k €	-4.2%	431,6 k €	+35.9%	317,6 k €	-2.8%	326,7 k €	+384%	67,6 k €	+4829%	-1,4 k €	-285%	773 €	+139%	324 €	-99.0%	31,7 k €	+1407%	2,1 k €	-75.6%	8,6 k €	+1174%	-803,1 €	-3.2%	-778,4 €	+87.1%	-6 k €
EBITDA	117,6 k €	-55.5%	264,3 k €	-13.4%	305 k €	-34.9%	468,8 k €	+54.7%	303 k €	+15.8%	261,8 k €	+5.6%	248 k €	+33.7%	185,5 k €	+180%	66,2 k €	+3957%	-1,7 k €	-2869%	62 €	+116%	-384 €	-101%	30,6 k €	+2147%	1,4 k €	-83.1%	8 k €	+657%	-1,4 k €	+12.0%	-1,6 k €	+75.4%	-6,7 k €
Operating result	69,5 k €	-67.6%	214,9 k €	-20.9%	271,5 k €	-39.4%	448,4 k €	+65.7%	270,6 k €	+11.0%	243,8 k €	+3.6%	235,4 k €	+35.8%	173,3 k €	+162%	66,2 k €	+3957%	-1,7 k €	+60.5%	-4,3 k €	+3.3%	-4,5 k €	-115%	29,1 k €	+2042%	1,4 k €	-76.2%	5,7 k €	+247%	-3,9 k €	+4.2%	-4,1 k €	+55.3%	-9,1 k €
Net result	86,8 k €	-39.4%	143,2 k €	-31.6%	209,5 k €	-30.4%	300,8 k €	+53.4%	196,1 k €	+23.3%	159,1 k €	+10.5%	144 k €	+43.0%	100,7 k €	+137%	42,5 k €	+3732%	-1,2 k €	+73.6%	-4,4 k €	+4.1%	-4,6 k €	-116%	28,8 k €	+2334%	1,2 k €	-78.1%	5,4 k €	+223%	-4,4 k €	+7.4%	-4,8 k €	+57.1%	-11,1 k €
Balance sheet
Equity	1,4 M €	-7.5%	1,5 M €	+10.9%	1,3 M €	+11.4%	1,2 M €	+52.2%	776,9 k €	+84.0%	422,2 k €	+60.4%	263,2 k €	+121%	119,2 k €	+545%	18,5 k €	+177%	-24 k €	-5.1%	-22,8 k €	-24.1%	-18,4 k €	-33.5%	-13,8 k €	+67.7%	-42,5 k €	+2.7%	-43,7 k €	+11.0%	-49,1 k €	-9.8%	-44,7 k €	-11.9%	-40 k €
Total assets	2,2 M €	-3.7%	2,3 M €	-0.3%	2,3 M €	+1.8%	2,3 M €	+8.5%	2,1 M €	+87.3%	1,1 M €	+121%	501,2 k €	+50.5%	333 k €	+84.3%	180,7 k €	+1677%	10,2 k €	-60.7%	25,9 k €	-30.0%	37 k €	+16.5%	31,7 k €	+667%	4,1 k €	+302%	1 k €	-65.5%	3 k €	-44.1%	5,3 k €	-34.5%	8,2 k €
Cash	355,1 k €	+96.6%	180,7 k €	-56.8%	418,3 k €	-38.5%	680,5 k €	+4.3%	652,5 k €	-20.6%	821,5 k €	+103%	405,4 k €	+99.4%	203,4 k €	+159%	78,5 k €	+672%	10,2 k €	-41.9%	17,5 k €	-18.1%	21,4 k €	-10.0%	23,7 k €	+474%	4,1 k €	+1031%	365,8 €	+155%	143,2 €	+91.7%	74,7 €	+53.6%	48,6 €
Debts	848,4 k €	+2.9%	824,6 k €	-15.4%	975,1 k €	-8.8%	1,1 M €	-17.7%	1,3 M €	+89.4%	685,7 k €	+189%	237,6 k €	+11.1%	213,8 k €	+31.8%	162,3 k €	+375%	34,1 k €	-29.9%	48,7 k €	-12.0%	55,4 k €	+21.7%	45,5 k €	-2.5%	46,7 k €	+4.3%	44,7 k €	-14.1%	52,1 k €	+4.1%	50,1 k €	+4.0%	48,1 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+100%	0,5 ETP	0.0%	0,5 ETP	+400%	0,1 ETP		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 5 ended

Active mandates

Frank Slaets

Director · since 11 décembre 2015

Active

Ended mandates

Frank Slaets

Manager · since 11 décembre 2015

Ended

ALDEGONDA LEPPENS

Manager · since 13 octobre 2000

Ended

Isidore MC CORMACK

Manager · since 13 octobre 2000 · until 05 janvier 2008

Ended

Isidore MC CORMACK

Manager · since 13 octobre 2000

Ended

At this address

Other companies at this address

Company	CBE no.
PICAVET BEHEER● Active	0447.457.139

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	24/02/2026	02/04/2025	27/12/2023	19/04/2023	26/04/2022	01/04/2021
General meeting	28/11/2025	06/03/2025	26/12/2023	17/03/2023	18/03/2022	03/03/2021
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	28/11/2025	24/02/2026	Dutch	PDF
Abridged model	30/09/2024	06/03/2025	02/04/2025	Dutch	PDF
Abridged model	30/09/2023	26/12/2023	27/12/2023	Dutch	PDF
Abridged model	30/09/2022	17/03/2023	19/04/2023	Dutch	PDF
Abridged model	30/09/2021	18/03/2022	26/04/2022	Dutch	PDF
Abridged model	30/09/2020	03/03/2021	01/04/2021	Dutch	PDF
Abridged model	30/09/2019	04/03/2020	02/04/2020	Dutch	PDF
Abridged model	30/09/2018	06/03/2019	04/04/2019	Dutch	PDF
Abridged model	30/09/2017	07/03/2018	30/03/2018	Dutch	PDF
Abridged model	30/09/2016	01/03/2017	28/04/2017	Dutch	PDF
Abridged model	30/09/2015	09/12/2015	21/03/2016	Dutch	PDF
Abridged model	30/09/2014	04/03/2015	26/03/2015	Dutch	PDF
Abridged model	30/09/2013	05/03/2014	14/04/2014	Dutch	PDF
Abridged model	30/09/2012	06/03/2013	23/04/2013	Dutch	PDF
Abridged model	30/09/2011	07/03/2012	02/05/2012	Dutch	PDF
Abridged model	30/09/2010	02/03/2011	02/05/2011	Dutch	PDF
Abridged model	30/09/2009	03/03/2010	18/05/2010	Dutch	PDF
Abridged model	30/09/2008	04/03/2009	10/03/2009	Dutch	PDF
Abridged model	30/09/2007	05/03/2008	29/04/2008	Dutch	PDF
Abridged model	30/09/2006	07/03/2007	19/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 5 ended

Active mandates

Frank Slaets

Director · since 11 décembre 2015

Active

Ended mandates

Frank Slaets

Manager · since 11 décembre 2015

Ended

ALDEGONDA LEPPENS

Manager · since 13 octobre 2000

Ended

Isidore MC CORMACK

Manager · since 13 octobre 2000 · until 05 janvier 2008

Ended

Isidore MC CORMACK

Manager · since 13 octobre 2000

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other11/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Registered office19/06/2020
MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
PDF
Other18/05/2016
BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/02/2016
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/03/2009
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 202586,8 k €↓
2024
Annual accounts 2024143,2 k €↓
2023
Annual accounts 2023209,5 k €↓
2022
Annual accounts 2022300,8 k €↑
2021
Annual accounts 2021196,1 k €↑
2019
Annual accounts 2019159,1 k €↑
2018
Annual accounts 2018144 k €↑
2017
Annual accounts 2017100,7 k €↑
2016
Annual accounts 201642,5 k €↑
2015
Annual accounts 2015-1,2 k €↑
2014
Annual accounts 2014-4,4 k €↑
2013
Annual accounts 2013-4,6 k €↓
2012
Annual accounts 201228,8 k €↑
2011
Annual accounts 20111,2 k €↓
2010
Annual accounts 20105,4 k €↑
2009
Annual accounts 2009-4,4 k €↑
2008
Annual accounts 2008-4,8 k €↑
2007
Annual accounts 2007-11,1 k €
26/10/2000
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

CUM LAUDE PROJECTS

Overview

What does CUM LAUDE PROJECTS do?

Trend over 18 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