ACTIVE

PROPULSION SYSTEMS

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Financial year 2025 · closed on 31/12/2025

Net result

-775,4 k €

+36.2% YoY

Gross margin

3,6 M €

Equity

3,5 M €

-18.1% YoY

Workforce

29,5 ETP

-9.5% YoY

What does PROPULSION SYSTEMS do?

PROPULSION SYSTEMS is a Private limited company incorporated in 2002. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Molenbeek-Saint-Jean. It employs on average 29,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.198.221

Incorporation

23/08/2002

Legal form

Private limited company

Registered office

Rue Alfred Dubois 25
1080 Molenbeek-Saint-Jean · BruxellesSee on map

Contributed capital

27 180,00 €

Latest accounts

31/12/2025

Average workforce

29,5 ETP

Activities (NACE)

46649Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46699Wholesale of other machinery and equipment 51872Air transport

Joint committees (4)

100
14901
200
218

Signals

Solid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	3,6 M €		–		–		–		6 M €	+89.5%	3,1 M €	+56.9%	2 M €	+25.1%	1,6 M €	-10.6%	1,8 M €	+34.8%	1,3 M €	+48.7%	893,7 k €	-2.4%	915,6 k €	-23.9%	1,2 M €	+8.3%	1,1 M €	+4.3%	1,1 M €	+0.9%	1,1 M €	+64.7%	641,5 k €	-28.4%	895,5 k €	+7.2%	835,5 k €	+71.9%	486 k €
EBITDA	1,1 M €	+1148%	85,7 k €	+445%	-24,8 k €	-101%	2,7 M €	-35.9%	4,2 M €	+148%	1,7 M €	+111%	796,8 k €	+73.0%	460,6 k €	-27.5%	635,2 k €	+71.1%	371,2 k €	+119%	169,4 k €	-39.4%	279,4 k €	-51.0%	570,4 k €	+12.6%	506,7 k €	-7.1%	545,6 k €	-19.0%	673,9 k €	+110%	320,6 k €	-47.2%	607,6 k €	+1.3%	600 k €	+54.4%	388,5 k €
Operating result	-536,4 k €	+64.5%	-1,5 M €	+17.6%	-1,8 M €	-313%	859 k €	-65.8%	2,5 M €	+123%	1,1 M €	+90.4%	590,7 k €	+65.1%	357,9 k €	-35.8%	557,5 k €	+80.5%	308,8 k €	+182%	109,4 k €	-46.5%	204,6 k €	-39.3%	336,8 k €	+17.1%	287,7 k €	-12.9%	330,3 k €	-40.0%	550,1 k €	+306%	135,4 k €	-75.9%	562,2 k €	+0.1%	561,6 k €	+51.6%	370,5 k €
Net result	-775,4 k €	+36.2%	-1,2 M €	+41.6%	-2,1 M €	-449%	597 k €	-71.7%	2,1 M €	+122%	951,2 k €	+143%	392,1 k €	+21.8%	321,8 k €	-30.5%	463 k €	+32.9%	348,3 k €	+876%	35,7 k €	-79.2%	171,2 k €	-51.4%	352,3 k €	-2.1%	360 k €	+44.3%	249,5 k €	-54.5%	548,1 k €	+320%	130,4 k €	-57.1%	303,6 k €	-16.1%	361,9 k €	+52.1%	238 k €
Balance sheet
Equity	3,5 M €	-18.1%	4,3 M €	-22.1%	5,5 M €	-27.4%	7,6 M €	+8.5%	7 M €	+43.2%	4,9 M €	+24.2%	3,9 M €	+11.1%	3,5 M €	+10.0%	3,2 M €	+16.8%	2,8 M €	+14.4%	2,4 M €	+1.5%	2,4 M €	+7.8%	2,2 M €	+14.3%	1,9 M €	+22.9%	1,6 M €	-0.0%	1,6 M €	+53.7%	1 M €	+14.6%	890,7 k €	+51.7%	587,1 k €	+171%	216,7 k €
Total assets	9,2 M €	-13.4%	10,7 M €	-11.4%	12,1 M €	-11.9%	13,7 M €	+13.4%	12,1 M €	+70.9%	7,1 M €	+24.7%	5,7 M €	+11.8%	5,1 M €	+19.3%	4,2 M €	-2.2%	4,3 M €	+5.4%	4,1 M €	-1.4%	4,2 M €	-4.8%	4,4 M €	+58.1%	2,8 M €	+3.8%	2,7 M €	-7.3%	2,9 M €	+35.9%	2,1 M €	-32.4%	3,1 M €	+100%	1,6 M €	+298%	393,5 k €
Cash	180,4 k €	+24.9%	144,5 k €	+80.5%	80 k €	+77.5%	45,1 k €	-93.3%	673,4 k €	-19.9%	840,2 k €	+215%	267,1 k €	-27.9%	370,2 k €	+16.9%	316,7 k €	+9.6%	289 k €	+3.7%	278,6 k €	+65.6%	168,2 k €	-42.9%	294,6 k €	-41.1%	499,9 k €	+179%	179,2 k €	-31.5%	261,6 k €	-32.4%	386,9 k €	-41.0%	655,6 k €	+443%	120,8 k €	+40.0%	86,3 k €
Debts	5,5 M €	-11.0%	6,2 M €	-0.2%	6,2 M €	+14.9%	5,4 M €	+29.4%	4,1 M €	+148%	1,7 M €	+12.3%	1,5 M €	+21.2%	1,2 M €	+64.2%	746,9 k €	-44.6%	1,3 M €	-9.5%	1,5 M €	-6.5%	1,6 M €	-17.7%	1,9 M €	+240%	569,1 k €	-27.2%	781,9 k €	-27.3%	1,1 M €	+19.9%	897,3 k €	-56.5%	2,1 M €	+148%	831,1 k €	+370%	176,8 k €
Other
Workforce	29,5 ETP	-9.5%	32,6 ETP	-11.9%	37,0 ETP	-11.9%	42,0 ETP	+9.7%	38,3 ETP	+25.6%	30,5 ETP	+42.5%	21,4 ETP	+29.7%	16,5 ETP	+5.1%	15,7 ETP	+14.6%	13,7 ETP	+29.2%	10,6 ETP	+6.0%	10,0 ETP	0.0%	10,0 ETP	+6.4%	9,4 ETP	+32.4%	7,1 ETP	+39.2%	5,1 ETP	+13.3%	4,5 ETP	+60.7%	2,8 ETP	+40.0%	2,0 ETP	+33.3%	1,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

DURABLE TECHNOLOGIES GROUP

Director · since 01 avril 2026 · 0837.061.104

Represented by Marc LAMBERTS-VAN ASSCHE

Active

Marc LAMBERTS-VAN ASSCHE

Director · since 19 août 2002 · until 31 mars 2026

Active

Ended mandates

ARIETTE CHRISTINE HEILBRON

Director · since 01 avril 2019 · until 26 septembre 2022

Ended

ARIETTE CHRISTINE HEILBRON

Director · since 01 avril 2019

Ended

ARIETTE CHRISTINE HEILBRON

Manager · since 01 avril 2019

Ended

DURABLE TECHNOLOGIES GROUP

Manager · since 30 avril 2012 · 0837.061.104

Represented by MARC JOANNA PIETER SUZAN LAMBERTS-VAN ASSCHE

Ended

At this address

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FISC-PROTECT● Active	0442.617.928
IMMO EERA● Active	0431.993.458
Protect Family Office● Active	0779.384.904

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Full model	Full model	Full model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	11/08/2025	21/08/2024	03/08/2023	15/09/2022	27/09/2021
General meeting	21/08/2026	01/08/2025	20/08/2024	31/07/2023	16/06/2022	17/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	21/08/2026	31/08/2026	Dutch	PDF
Full model	31/12/2024	01/08/2025	11/08/2025	Dutch	PDF
Full model	31/12/2023	20/08/2024	21/08/2024	Dutch	PDF
Full model	31/12/2022	31/07/2023	03/08/2023	Dutch	PDF
Abridged modelCorrection	31/12/2021	16/06/2022	15/09/2022	Dutch	PDF
Abridged model	31/12/2021	16/06/2022	10/08/2022	Dutch	PDF
Abridged model	31/12/2020	17/06/2021	27/09/2021	Dutch	PDF
Abridged model	31/12/2019	18/06/2020	30/10/2020	Dutch	PDF
Abridged model	31/12/2018	20/06/2019	27/08/2019	Dutch	PDF
Abridged model	31/12/2017	21/06/2018	27/06/2018	Dutch	PDF
Abridged model	31/12/2016	15/06/2017	14/08/2017	Dutch	PDF
Abridged model	31/12/2015	16/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	18/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	19/06/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	20/06/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	21/06/2012	21/09/2012	Dutch	PDF
Abridged model	31/12/2010	16/06/2011	02/11/2011	Dutch	PDF
Abridged model	31/12/2009	17/06/2010	27/07/2010	Dutch	PDF
Abridged model	31/12/2008	18/06/2009	18/11/2009	Dutch	PDF
Abridged model	31/12/2007	19/06/2008	17/11/2008	Dutch	PDF
Abridged model	31/12/2006	21/06/2007	28/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 2 active · 10 ended

Active mandates

DURABLE TECHNOLOGIES GROUP

Director · since 01 avril 2026 · 0837.061.104

Represented by Marc LAMBERTS-VAN ASSCHE

Active

Marc LAMBERTS-VAN ASSCHE

Director · since 19 août 2002 · until 31 mars 2026

Active

Ended mandates

ARIETTE CHRISTINE HEILBRON

Director · since 01 avril 2019 · until 26 septembre 2022

Ended

ARIETTE CHRISTINE HEILBRON

Director · since 01 avril 2019

Ended

ARIETTE CHRISTINE HEILBRON

Manager · since 01 avril 2019

Ended

DURABLE TECHNOLOGIES GROUP

Manager · since 30 avril 2012 · 0837.061.104

Represented by MARC JOANNA PIETER SUZAN LAMBERTS-VAN ASSCHE

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/08/2026
Ontslag - Benoeming
PDF
Mandates14/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/10/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/11/2012
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 2025-775,4 k €↑
2024
Annual accounts 2024-1,2 M €↑
2023
Annual accounts 2023-2,1 M €↓
2022
Annual accounts 2022597 k €↓
2021
Annual accounts 20212,1 M €↑
2020
Annual accounts 2020951,2 k €↑
2019
Annual accounts 2019392,1 k €↑
2018
Annual accounts 2018321,8 k €↓
2017
Annual accounts 2017463 k €↑
2016
Annual accounts 2016348,3 k €↑
2015
Annual accounts 201535,7 k €↓
2014
Annual accounts 2014171,2 k €↓
2013
Annual accounts 2013352,3 k €↓
2012
Annual accounts 2012360 k €↑
2011
Annual accounts 2011249,5 k €↓
2010
Annual accounts 2010548,1 k €↑
2009
Annual accounts 2009130,4 k €↓
2008
Annual accounts 2008303,6 k €↓
2007
Annual accounts 2007361,9 k €↑
2006
Annual accounts 2006238 k €
23/08/2002
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

PROPULSION SYSTEMS

Overview

What does PROPULSION SYSTEMS do?

Trend over 20 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