ACTIVE

KUSTERS

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Financial year 2024 · closed on 31/12/2024

Net result

-77 k €

-134.4% YoY

Gross margin

660,7 k €

-51.0% YoY

Equity

1,7 M €

-4.4% YoY

Workforce

11,3 ETP

-16.9% YoY

What does KUSTERS do?

KUSTERS is a Private limited company incorporated in 2002. Its registered office is in Schilde. It employs on average 11,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.274.642

Incorporation

05/04/2002

Legal form

Private limited company

Registered office

Mastendreef 14
2970 Schilde · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2024

Average workforce

11,3 ETP

Signals

Solid equityLow riskGood liquidityHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2011		2010		2009		2007		2006
Income statement
Gross margin	660,7 k €	-51.0%	1,3 M €	+19.0%	1,1 M €	-10.8%	1,3 M €	-9.1%	1,4 M €	+36.1%	1 M €	-1.3%	1 M €	-14.1%	1,2 M €	-5.9%	1,3 M €	-17.9%	1,6 M €	-15.6%	1,9 M €	+27.1%	1,5 M €	+27.0%	1,2 M €	-10.2%	1,3 M €	-15.7%	1,5 M €	-11.4%	1,7 M €	+105%	838,2 k €	+15.7%	724,4 k €
EBITDA	-59,4 k €	-114%	436,7 k €	+150%	174,4 k €	-62.0%	458,6 k €	-23.4%	598,4 k €	+221%	186,6 k €	-29.6%	264,9 k €	+82.1%	145,5 k €	-68.8%	465,6 k €	-26.2%	630,7 k €	-26.4%	856,7 k €	+14.1%	750,6 k €	+82.9%	410,3 k €	-29.7%	583,7 k €	-27.0%	799,2 k €	-22.9%	1 M €	+235%	308,9 k €	+81.9%	169,8 k €
Operating result	-111,3 k €	-130%	367,5 k €	+215%	116,7 k €	-70.4%	394,4 k €	-13.4%	455,6 k €	+297%	114,7 k €	-48.8%	224 k €	+168%	83,5 k €	-72.7%	305,8 k €	-31.5%	446,3 k €	-35.6%	693,5 k €	+21.8%	569,5 k €	+125%	253,3 k €	-46.5%	473,3 k €	-34.4%	721,5 k €	+63.6%	440,9 k €	+66.7%	264,5 k €	+88.8%	140,1 k €
Net result	-77 k €	-134%	223,6 k €	+145%	91,2 k €	-65.9%	267,5 k €	-12.9%	307,1 k €	+406%	60,7 k €	-57.8%	143,9 k €	+171%	53,1 k €	-65.3%	152,9 k €	-43.9%	272,4 k €	-36.3%	427,9 k €	+11.5%	383,9 k €	+51.6%	253,3 k €	-46.5%	473,3 k €	-34.4%	721,5 k €	+63.6%	440,9 k €	+66.7%	264,5 k €	+88.8%	140,1 k €
Balance sheet
Equity	1,7 M €	-4.4%	1,8 M €	+10.2%	1,6 M €	-3.2%	1,7 M €	+2.9%	1,6 M €	+2.2%	1,6 M €	+4.0%	1,5 M €	+10.5%	1,4 M €	+4.0%	1,3 M €	-63.3%	3,6 M €	+3.5%	3,5 M €	+14.1%	3 M €	+14.5%	2,6 M €	+10.6%	2,4 M €	+24.7%	1,9 M €	+60.5%	1,2 M €	+58.6%	752 k €	+54.2%	487,6 k €
Total assets	1,9 M €	-8.9%	2,1 M €	+0.6%	2,1 M €	+9.4%	1,9 M €	-7.3%	2,1 M €	+10.9%	1,9 M €	-0.8%	1,9 M €	-0.0%	1,9 M €	-57.8%	4,4 M €	-1.4%	4,5 M €	+8.9%	4,1 M €	+8.5%	3,8 M €	-5.7%	4 M €	+13.4%	3,6 M €	+18.8%	3 M €	+135%	1,3 M €	+50.2%	850,2 k €	+33.4%	637,2 k €
Cash	217,5 k €	-73.6%	823,7 k €	+15.2%	715 k €	+8.7%	657,7 k €	+15.8%	568,1 k €	+155%	223 k €	-42.3%	386,1 k €	+76.0%	219,4 k €	-45.4%	401,6 k €	-33.7%	605,6 k €	-19.7%	754,4 k €	+47.4%	511,7 k €	-55.3%	1,1 M €	+60.7%	711,7 k €	-36.1%	1,1 M €	+42.7%	780,2 k €	+66.0%	470 k €	+65.6%	283,8 k €
Debts	222,2 k €	-33.0%	331,8 k €	-31.3%	483,3 k €	+92.5%	251,1 k €	-44.0%	448,2 k €	+59.0%	281,8 k €	-21.2%	357,7 k €	-28.8%	502,2 k €	-83.9%	3,1 M €	+238%	921,5 k €	+36.1%	677,2 k €	-13.4%	782,2 k €	-44.0%	1,4 M €	+19.2%	1,2 M €	+20.1%	974,9 k €	+1057%	84,2 k €	-14.2%	98,2 k €	-34.4%	149,6 k €
Other
Workforce	11,3 ETP	-16.9%	13,6 ETP	-10.5%	15,2 ETP	+7.8%	14,1 ETP	+5.2%	13,4 ETP	-8.8%	14,7 ETP	+0.7%	14,6 ETP	+5.0%	13,9 ETP	-2.8%	14,3 ETP	-5.3%	15,1 ETP	-100.0%	981 494,0 ETP	+41.0%	695 859,0 ETP	-4.9%	732 093,0 ETP	+4880520%	15,0 ETP	-100.0%	716 796,0 ETP	+5973200%	12,0 ETP	0.0%	12,0 ETP	+9.1%	11,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 2 ended

Active mandates

KURT KUSTERS

Director

Active

Ended mandates

Kurt KUSTERS

Manager

Ended

KURT KUSTERS

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
SOPIMAR● Active	0431.307.629

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	16/07/2025	27/09/2024	15/09/2023	06/07/2022	24/09/2021	11/09/2020
General meeting	30/06/2025	30/08/2024	31/08/2023	14/06/2022	08/06/2021	18/08/2020
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	30/06/2025	16/07/2025	Dutch	PDF
Abridged model	31/12/2023	30/08/2024	27/09/2024	Dutch	PDF
Abridged model	31/12/2022	31/08/2023	15/09/2023	Dutch	PDF
Abridged model	31/12/2021	14/06/2022	06/07/2022	Dutch	PDF
Abridged model	31/12/2020	08/06/2021	24/09/2021	Dutch	PDF
Abridged model	31/12/2019	18/08/2020	11/09/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	24/09/2019	Dutch	PDF
Abridged model	31/12/2017	31/07/2018	23/08/2018	Dutch	PDF
Abridged model	31/12/2016	31/07/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	31/07/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	31/08/2015	30/09/2015	Dutch	PDF
Abridged model	31/12/2013	31/08/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	31/08/2013	Dutch	PDF
Abridged model	31/12/2011	31/07/2012	22/08/2012	Dutch	PDF
Abridged model	31/05/2011	31/07/2011	28/08/2011	Dutch	PDF
Abridged model	31/05/2010	11/10/2010	17/12/2010	Dutch	PDF
Abridged model	31/05/2009	30/06/2009	10/11/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	30/09/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	21/08/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2024 · 1 active · 2 ended

Active mandates

KURT KUSTERS

Director

Active

Ended mandates

Kurt KUSTERS

Manager

Ended

KURT KUSTERS

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office02/09/2026
ZETEL
PDF
Mandates31/10/2023
WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Other15/01/2018
DOEL
PDF
Registered office11/05/2012
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Other19/03/2009
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 2024-77 k €↓
2023
Annual accounts 2023223,6 k €↑
2022
Annual accounts 202291,2 k €↓
2021
Annual accounts 2021267,5 k €↓
2019
Annual accounts 2019307,1 k €↑
2018
Annual accounts 201860,7 k €↓
2017
Annual accounts 2017143,9 k €↑
2016
Annual accounts 201653,1 k €↓
2015
Annual accounts 2015152,9 k €↓
2014
Annual accounts 2014272,4 k €↓
2013
Annual accounts 2013427,9 k €↑
2012
Annual accounts 2012383,9 k €↑
2011
Annual accounts 2011253,3 k €↓
2011
Annual accounts 2011473,3 k €↓
2010
Annual accounts 2010721,5 k €↑
2009
Annual accounts 2009440,9 k €↑
2007
Annual accounts 2007264,5 k €↑
2006
Annual accounts 2006140,1 k €
05/04/2002
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

KUSTERS

Overview

What does KUSTERS 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