ACTIVE

SUELGA

Financial year 2025 · closed on 31/12/2025
Net result
868,5 k €
+318.6% YoY
Revenue
10,4 M €
-14.1% YoY
Equity
3 M €
-31.0% YoY
Workforce
59,1 ETP
+1.5% YoY

What does SUELGA do?

SUELGA is a Private limited company incorporated in 2001. Its registered office is in Lokeren. It employs on average 59,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0473.901.814
Incorporation
24/01/2001
Legal form
Private limited company
Registered office
Spieveldstraat 20 box A
9160 Lokeren · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
59,1 ETP
Joint committees (3)
  • 124
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Revenue10,4 M €12,1 M €13,9 M €8,8 M €
EBITDA1,5 M €565,1 k €1,3 M €1,1 M €1,3 M €4,6 M €1,7 M €1,9 M €1,1 M €955,5 k €665 k €836,9 k €1,1 M €1,3 M €837,8 k €1,2 M €423,6 k €372,1 k €498,2 k €673,4 k €
Operating result1,2 M €344,8 k €1 M €893 k €877 k €4,3 M €1,3 M €1,4 M €691,5 k €715,6 k €343,6 k €451,7 k €629,8 k €840 k €458,3 k €817,5 k €220 k €134 k €230,9 k €367,9 k €
Net result868,5 k €207,5 k €699,7 k €617,9 k €618,3 k €3,1 M €832 k €954,5 k €415,4 k €383,5 k €168,8 k €231,5 k €310,3 k €419 k €304,6 k €457,8 k €87,7 k €43,4 k €128,9 k €165,9 k €
Balance sheet
Equity3 M €4,3 M €4,1 M €3,4 M €2,8 M €2,5 M €718,5 k €1,6 M €1,4 M €1,1 M €898,7 k €729,9 k €791,7 k €481,4 k €337,4 k €385,7 k €177,9 k €160,8 k €120,4 k €109,2 k €
Total assets7,9 M €6,9 M €6,8 M €5,2 M €5,5 M €6,1 M €3,4 M €3,8 M €3,2 M €2,7 M €2,6 M €2,8 M €2,9 M €3,3 M €3,2 M €2,7 M €1,9 M €2,2 M €1,3 M €1,8 M €
Cash89,1 k €205,2 k €307,8 k €391,4 k €1,4 M €1,5 M €950,5 k €1 M €389,8 k €197,1 k €273,1 k €289,5 k €515,1 k €745,3 k €983,9 k €934,4 k €281,6 k €102,6 k €191,6 k €527,8 k €
Debts4,4 M €2,1 M €2,3 M €1,4 M €2,2 M €3,2 M €2,5 M €2,2 M €1,9 M €1,5 M €1,6 M €2,1 M €2 M €2,8 M €2,9 M €2,3 M €1,7 M €2 M €1,2 M €1,6 M €
Other
Workforce59,1 ETP58,2 ETP54,3 ETP55,5 ETP60,1 ETP62,0 ETP65,4 ETP58,0 ETP50,5 ETP41,8 ETP42,3 ETP43,4 ETP44,6 ETP44,7 ETP41,6 ETP38,3 ETP24,6 ETP23,0 ETP27,1 ETP19,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 13 ended

Active mandates

BROEDERS & Co

Director · since 18 novembre 2022 · 0896.208.338

Represented by Ahmet ÖZTÜRK

Active
Birgul Kurtulus

Director · until 18 novembre 2022

Active
Nihat Kurtulus

Director · until 18 novembre 2022

Active
Suat Kurtulus

Administrator - manager · until 18 novembre 2022

Active

Ended mandates

BROEDERS & Co

Director · since 18 novembre 2022 · 0896.208.338

Represented by Ahmet ÖZTÜRK

Ended
Suat Kurtulus

Director · since 25 juin 2015

Ended
Suat Kutulus

Manager · since 25 juin 2015

Ended
Birgul Kurtulus

Director · since 11 janvier 2001

Ended
At this address

Other companies at this address

CompanyCBE no.
Suelga-BMSActive
0777.880.810
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date07/09/202607/08/202509/07/202428/07/202314/07/202207/07/2021
General meeting02/09/202627/07/202515/06/202430/06/202315/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202502/09/202607/09/2026DutchPDF
Full model31/12/202427/07/202507/08/2025DutchPDF
Full model31/12/202315/06/202409/07/2024DutchPDF
Full model31/12/202230/06/202328/07/2023DutchPDF
Abridged model31/12/202115/06/202214/07/2022DutchPDF
Abridged model31/12/202030/06/202107/07/2021DutchPDF
Abridged model31/12/201915/06/202016/06/2020DutchPDF
Abridged model31/12/201815/06/201903/07/2019DutchPDF
Abridged model31/12/201715/06/201812/07/2018DutchPDF
Abridged model31/12/201629/06/201703/07/2017DutchPDF
Abridged model31/12/201501/07/201604/07/2016DutchPDF
Abridged model31/12/201415/06/201501/07/2015DutchPDF
Abridged model31/12/201316/06/201420/06/2014DutchPDF
Abridged model31/12/201215/06/201312/07/2013DutchPDF
Abridged model31/12/201115/06/201211/07/2012DutchPDF
Abridged model31/12/201016/08/201126/08/2011DutchPDF
Abridged model31/12/200915/06/201022/06/2010DutchPDF
Abridged model31/12/200815/07/200907/08/2009DutchPDF
Abridged model31/12/200716/06/200801/07/2008DutchPDF
Abridged model31/12/200615/06/200711/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 4 active · 13 ended

Active mandates

BROEDERS & Co

Director · since 18 novembre 2022 · 0896.208.338

Represented by Ahmet ÖZTÜRK

Active
Birgul Kurtulus

Director · until 18 novembre 2022

Active
Nihat Kurtulus

Director · until 18 novembre 2022

Active
Suat Kurtulus

Administrator - manager · until 18 novembre 2022

Active

Ended mandates

BROEDERS & Co

Director · since 18 novembre 2022 · 0896.208.338

Represented by Ahmet ÖZTÜRK

Ended
Suat Kurtulus

Director · since 25 juin 2015

Ended
Suat Kutulus

Manager · since 25 juin 2015

Ended
Birgul Kurtulus

Director · since 11 janvier 2001

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates14/03/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/11/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/07/2015
    BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office01/07/2011
    MAATSCHAPPELIJKE ZETEL
    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

Timeline

  1. 2025
    Annual accounts 2025868,5 k €
  2. 2024
    Annual accounts 2024207,5 k €
  3. 2023
    Annual accounts 2023699,7 k €
  4. 2022
    Annual accounts 2022617,9 k €
  5. 2021
    Annual accounts 2021618,3 k €
  6. 2020
    Annual accounts 20203,1 M €
  7. 2019
    Annual accounts 2019832 k €
  8. 2018
    Annual accounts 2018954,5 k €
  9. 2017
    Annual accounts 2017415,4 k €
  10. 2016
    Annual accounts 2016383,5 k €
  11. 2015
    Annual accounts 2015168,8 k €
  12. 2014
    Annual accounts 2014231,5 k €
  13. 2013
    Annual accounts 2013310,3 k €
  14. 2012
    Annual accounts 2012419 k €
  15. 2011
    Annual accounts 2011304,6 k €
  16. 2010
    Annual accounts 2010457,8 k €
  17. 2009
    Annual accounts 200987,7 k €
  18. 2008
    Annual accounts 200843,4 k €
  19. 2007
    Annual accounts 2007128,9 k €
  20. 2006
    Annual accounts 2006165,9 k €
  21. 24/01/2001
    IncorporationPrivate limited company