ACTIVE

FLAXSEED SERVICES

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Financial year 2025 · closed on 31/07/2025

Net result

239,8 k €

-21.7% YoY

Gross margin

1,3 M €

-5.4% YoY

Equity

3,7 M €

+5.9% YoY

Workforce

7,3 ETP

-1.4% YoY

What does FLAXSEED SERVICES do?

FLAXSEED SERVICES is a Public limited company incorporated in 2002. Its main activity is: Cargo handling. Its registered office is in Tournai. It employs on average 7,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.973.636

Incorporation

12/07/2002

Legal form

Public limited company

Registered office

Rue de la Forêt(BL) 1
7522 Tournai · WallonieSee on map

Contributed capital

450 000,00 €

Latest accounts

31/07/2025

Average workforce

7,3 ETP

Activities (NACE)

52249Cargo handling· main 52249Cargo handling 63112Data processing, hosting and related activities 62090Other information technology and computer service activities 62900Computer programming, consultancy and related activities 72600Scientific research and development+3

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,3 M €	-5.4%	1,4 M €	+19.3%	1,2 M €	+3.7%	1,1 M €	-15.8%	1,4 M €	+21.6%	1,1 M €	+12.1%	999,4 k €	-12.4%	1,1 M €	-18.9%	1,4 M €	+10.3%	1,3 M €	-12.8%	1,5 M €	+49.5%	977,5 k €	+17.0%	835,4 k €	+24.2%	672,9 k €	+4.2%	645,9 k €	+11.8%	577,9 k €	-6.7%	619,5 k €	-8.6%	677,9 k €	+44.8%	468 k €
EBITDA	935,1 k €	-7.3%	1 M €	+27.0%	794,1 k €	+5.4%	753,5 k €	-26.1%	1 M €	+26.1%	808,1 k €	+11.4%	725,3 k €	-11.2%	816,8 k €	-25.9%	1,1 M €	+13.6%	970,3 k €	-15.6%	1,1 M €	+62.6%	706,7 k €	+26.6%	558,1 k €	+21.9%	457,7 k €	-1.7%	465,5 k €	+15.2%	404 k €	-7.3%	436 k €	-14.6%	510,5 k €	+61.3%	316,4 k €
Operating result	316,6 k €	-23.3%	413 k €	+179%	148 k €	+52.2%	97,2 k €	-75.5%	397,2 k €	+120%	180,3 k €	+99.1%	90,5 k €	-40.3%	151,6 k €	-63.0%	409,6 k €	+24.0%	330,2 k €	-34.3%	502,7 k €	+469%	88,3 k €	-43.6%	156,6 k €	+34.1%	116,8 k €	-28.6%	163,7 k €	+49.1%	109,8 k €	-31.3%	159,9 k €	-46.4%	298,1 k €	+126%	131,9 k €
Net result	239,8 k €	-21.7%	306,4 k €	+156%	119,5 k €	+61.1%	74,2 k €	-76.6%	317,3 k €	+88.8%	168,1 k €	+64.4%	102,3 k €	-27.2%	140,5 k €	-54.3%	307,4 k €	+23.6%	248,7 k €	-35.4%	385 k €	+344%	86,7 k €	-33.3%	130 k €	+17.7%	110,5 k €	-0.9%	111,5 k €	+28.2%	87 k €	-19.7%	108,3 k €	-60.4%	273,6 k €	+206%	89,3 k €
Balance sheet
Equity	3,7 M €	+5.9%	3,5 M €	+8.3%	3,2 M €	+2.3%	3,2 M €	+0.8%	3,1 M €	+14.3%	2,8 M €	+4.5%	2,6 M €	+2.9%	2,6 M €	+3.5%	2,5 M €	+7.8%	2,3 M €	+9.3%	2,1 M €	+22.4%	1,7 M €	+10.0%	1,6 M €	+20.0%	1,3 M €	+11.1%	1,2 M €	+7.2%	1,1 M €	+11.3%	981,5 k €	+8.8%	902,4 k €	+43.5%	628,8 k €
Total assets	6,5 M €	-7.3%	7 M €	-1.0%	7,1 M €	-28.2%	9,8 M €	+14.8%	8,6 M €	+19.3%	7,2 M €	+40.8%	5,1 M €	-6.3%	5,4 M €	-4.8%	5,7 M €	+1.0%	5,7 M €	+2.4%	5,5 M €	-1.0%	5,6 M €	+16.8%	4,8 M €	+59.1%	3 M €	-2.5%	3,1 M €	-4.6%	3,2 M €	+2.0%	3,2 M €	+26.4%	2,5 M €	+3.3%	2,4 M €
Cash	60,4 k €	+78.2%	33,9 k €	-31.7%	49,7 k €	-66.7%	149 k €	+147%	60,4 k €	-40.1%	100,7 k €	-28.1%	140 k €	+18.8%	117,8 k €	+170%	43,6 k €	-65.9%	127,8 k €	+114%	59,7 k €	+7.4%	55,6 k €	-84.5%	357,7 k €	+514%	58,3 k €	+129%	25,5 k €	+101%	12,7 k €	-61.1%	32,6 k €	+29.4%	25,2 k €	-20.1%	31,6 k €
Debts	2,7 M €	-21.0%	3,4 M €	-8.9%	3,7 M €	-43.3%	6,5 M €	+23.8%	5,3 M €	+23.1%	4,3 M €	+85.6%	2,3 M €	-13.8%	2,7 M €	-11.1%	3 M €	-3.5%	3,1 M €	-1.1%	3,2 M €	-11.2%	3,6 M €	+20.2%	3 M €	+95.2%	1,5 M €	-13.2%	1,7 M €	-10.8%	2 M €	-3.0%	2 M €	+41.8%	1,4 M €	-11.9%	1,6 M €
Other
Workforce	7,3 ETP	-1.4%	7,4 ETP	-6.3%	7,9 ETP	-2.5%	8,1 ETP	+9.5%	7,4 ETP	+8.8%	6,8 ETP	+13.3%	6,0 ETP	-7.7%	6,5 ETP	+3.2%	6,3 ETP	+5.0%	6,0 ETP	0.0%	6,0 ETP	+20.0%	5,0 ETP	-12.3%	5,7 ETP	0.0%	5,7 ETP	+18.8%	4,8 ETP	-4.0%	5,0 ETP	-2.0%	5,1 ETP	+4.1%	4,9 ETP	+4.3%	4,7 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 31/07/2025 · 3 active · 4 ended

Active mandates

GUY VANHULLE

Managing director

Active

Raphaël VANHULLE

Managing director

Active

Rita Hostyn

Managing director

Active

Ended mandates

GUY VANHULLE

Managing director · since 11 juillet 2002 · until 11 juillet 2008

Ended

RAPHAEL VANHULLE

Managing director · since 11 juillet 2002 · until 11 juillet 2008

Ended

RITA HOSTYN

Director · since 11 juillet 2002 · until 11 juillet 2008

Ended

Rita Hostyn

Director

Ended

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	01/08/2024	01/08/2023	01/08/2022	01/08/2021	01/08/2020	01/08/2019
Closing of the financial year	31/07/2025	31/07/2024	31/07/2023	31/07/2022	31/07/2021	31/07/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/02/2026	27/02/2025	29/02/2024	27/02/2023	24/03/2022	23/03/2021
General meeting	13/02/2026	11/02/2025	16/02/2024	17/02/2023	11/02/2022	12/02/2021
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	31/07/2025	13/02/2026	27/02/2026	French	PDF
Abridged model	31/07/2024	11/02/2025	27/02/2025	French	PDF
Abridged model	31/07/2023	16/02/2024	29/02/2024	French	PDF
Abridged model	31/07/2022	17/02/2023	27/02/2023	French	PDF
Abridged model	31/07/2021	11/02/2022	24/03/2022	French	PDF
Abridged model	31/07/2020	12/02/2021	23/03/2021	French	PDF
Abridged model	31/07/2019	14/02/2020	28/02/2020	French	PDF
Abridged model	31/07/2018	01/02/2019	25/02/2019	French	PDF
Abridged model	31/07/2017	09/02/2018	02/03/2018	French	PDF
Abridged model	31/07/2016	10/02/2017	31/03/2017	French	PDF
Abridged model	31/07/2015	08/01/2016	12/02/2016	French	PDF
Abridged model	31/07/2014	09/01/2015	22/01/2015	French	PDF
Abridged model	31/07/2013	31/01/2014	28/03/2014	French	PDF
Abridged model	31/07/2012	01/02/2013	29/03/2013	French	PDF
Abridged model	31/07/2011	03/02/2012	28/02/2012	French	PDF
Abridged model	31/07/2010	04/02/2011	28/02/2011	French	PDF
Abridged model	31/07/2009	29/01/2010	26/02/2010	French	PDF
Abridged model	31/07/2008	30/01/2009	02/03/2009	French	PDF
Abridged model	31/07/2007	01/02/2008	25/03/2008	French	PDF
Abridged model	31/07/2006	02/02/2007	27/02/2007	French	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 31/07/2025 · 3 active · 4 ended

Active mandates

GUY VANHULLE

Managing director

Active

Raphaël VANHULLE

Managing director

Active

Rita Hostyn

Managing director

Active

Ended mandates

GUY VANHULLE

Managing director · since 11 juillet 2002 · until 11 juillet 2008

Ended

RAPHAEL VANHULLE

Managing director · since 11 juillet 2002 · until 11 juillet 2008

Ended

RITA HOSTYN

Director · since 11 juillet 2002 · until 11 juillet 2008

Ended

Rita Hostyn

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other03/04/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET
PDF
Mandates05/01/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates02/04/2020
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Mandates19/07/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates15/03/2010
DEMISSIONS, NOMINATIONS
PDF
Other18/08/2006
Bijlagen bij het Belgisch Staatsblad -18/08/2006- Annexes du Moniteur belge
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 2025239,8 k €↓
2024
Annual accounts 2024306,4 k €↑
2023
Annual accounts 2023119,5 k €↑
2022
Annual accounts 202274,2 k €↓
2021
Annual accounts 2021317,3 k €↑
2020
Annual accounts 2020168,1 k €↑
2019
Annual accounts 2019102,3 k €↓
2018
Annual accounts 2018140,5 k €↓
2017
Annual accounts 2017307,4 k €↑
2016
Annual accounts 2016248,7 k €↓
2015
Annual accounts 2015385 k €↑
2014
Annual accounts 201486,7 k €↓
2013
Annual accounts 2013130 k €↑
2012
Annual accounts 2012110,5 k €↓
2011
Annual accounts 2011111,5 k €↑
2010
Annual accounts 201087 k €↓
2009
Annual accounts 2009108,3 k €↓
2008
Annual accounts 2008273,6 k €↑
2007
Annual accounts 200789,3 k €
12/07/2002
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

FLAXSEED SERVICES

Overview

What does FLAXSEED SERVICES 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