ACTIVE

DEWULF

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Financial year 2025 · closed on 30/06/2025

Net result

64,4 k €

+1141.3% YoY

Gross margin

332,6 k €

+20.3% YoY

Equity

308,1 k €

+26.4% YoY

What does DEWULF do?

DEWULF is a Private limited company incorporated in 2002. Its main activity is: Security and investigation activities. Its registered office is in Ternat.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.346.689

Incorporation

17/09/2002

Legal form

Private limited company

Registered office

Gemeentehuisstraat 38
1740 Ternat · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

30/06/2025

Activities (NACE)

80411Security and investigation activities· main 85531Driving school activities 85531Driving school activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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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	332,6 k €	+20.3%	276,5 k €	+24.2%	222,7 k €	+29.4%	172,1 k €	-28.1%	239,4 k €	+19.5%	200,4 k €	-7.5%	216,6 k €	+2.5%	211,3 k €	-6.8%	226,8 k €	+17.7%	192,6 k €	+4.3%	184,7 k €	-6.7%	198 k €	+0.8%	196,4 k €	+3.5%	189,7 k €	-10.7%	212,3 k €	-1.5%	215,7 k €	+11.3%	193,8 k €	+30.8%	148,2 k €	-2.6%	152,1 k €
EBITDA	149,1 k €	+129%	65,2 k €	-7.9%	70,8 k €	+46.9%	48,2 k €	-64.7%	136,5 k €	+103%	67,2 k €	+0.5%	66,9 k €	+18.9%	56,2 k €	-31.0%	81,5 k €	+15.5%	70,6 k €	-19.2%	87,3 k €	-5.0%	91,9 k €	-7.0%	98,8 k €	+22.6%	80,6 k €	-21.1%	102,2 k €	-12.0%	116,1 k €	+5.5%	110,1 k €	+80.3%	61,1 k €	+20.3%	50,8 k €
Operating result	97,8 k €	+1168%	7,7 k €	-56.1%	17,6 k €	+3325%	513,3 €	-99.4%	91,2 k €	+270%	24,6 k €	+31.6%	18,7 k €	+20.5%	15,5 k €	-52.6%	32,7 k €	+525%	5,2 k €	-72.8%	19,2 k €	-39.8%	32 k €	-30.8%	46,2 k €	+155%	18,1 k €	-30.9%	26,2 k €	-40.9%	44,3 k €	-6.0%	47,1 k €	+1045%	-5 k €	+75.6%	-20,4 k €
Net result	64,4 k €	+1141%	5,2 k €	-59.4%	12,8 k €	+19696%	64,6 €	-99.9%	62,8 k €	+200%	20,9 k €	+71.6%	12,2 k €	+23.9%	9,8 k €	-48.8%	19,2 k €	+2951%	629,5 €	-94.4%	11,2 k €	-46.4%	20,9 k €	-21.6%	26,6 k €	+253%	7,5 k €	-29.1%	10,6 k €	-56.5%	24,4 k €	-32.0%	35,9 k €	+307%	-17,4 k €	+29.9%	-24,8 k €
Balance sheet
Equity	308,1 k €	+26.4%	243,7 k €	+2.2%	238,5 k €	+5.7%	225,7 k €	+0.0%	225,7 k €	+38.6%	162,9 k €	+14.7%	141,9 k €	+9.4%	129,8 k €	+8.2%	119,9 k €	+19.1%	100,7 k €	+0.6%	100,1 k €	+12.6%	88,9 k €	+30.6%	68,1 k €	+64.1%	41,5 k €	+22.2%	34 k €	-33.9%	51,3 k €	+90.7%	26,9 k €	+399%	-9 k €	-207%	8,4 k €
Total assets	423,1 k €	+22.1%	346,4 k €	+5.9%	327 k €	+8.5%	301,3 k €	-5.6%	319,2 k €	+29.3%	246,8 k €	+0.5%	245,7 k €	+0.7%	243,9 k €	-4.3%	254,8 k €	+21.7%	209,3 k €	-9.4%	231,1 k €	-11.7%	261,7 k €	-5.6%	277,2 k €	-0.6%	278,8 k €	-14.6%	326,3 k €	-6.8%	350,2 k €	-1.5%	355,7 k €	-5.5%	376,2 k €	-12.4%	429,5 k €
Cash	232,2 k €	+50.3%	154,5 k €	+27.5%	121,2 k €	+10.5%	109,7 k €	+5.5%	104 k €	+32.7%	78,4 k €	+17.1%	66,9 k €	-28.2%	93,3 k €	+3.7%	90 k €	+65.0%	54,6 k €	+28.6%	42,4 k €	+4.1%	40,8 k €	+0.8%	40,5 k €	+6.2%	38,1 k €	+10.7%	34,4 k €	-13.8%	39,9 k €	+47.8%	27 k €	-9.4%	29,8 k €	+1.0%	29,5 k €
Debts	115 k €	+12.0%	102,7 k €	+16.1%	88,5 k €	+17.2%	75,5 k €	-19.3%	93,5 k €	+11.4%	83,9 k €	-19.1%	103,7 k €	-9.1%	114,2 k €	-15.3%	134,8 k €	+24.2%	108,6 k €	-17.1%	131 k €	-24.2%	172,8 k €	-17.4%	209,2 k €	-11.9%	237,3 k €	-18.8%	292,4 k €	-2.2%	298,9 k €	-9.1%	328,8 k €	-14.7%	385,2 k €	-8.5%	421,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		3,7 ETP	+76.2%	2,1 ETP	-4.5%	2,2 ETP	-37.1%	3,5 ETP	-25.5%	4,7 ETP	+67.9%	2,8 ETP	+21.7%	2,3 ETP	0.0%	2,3 ETP	0.0%	2,3 ETP	-28.1%	3,2 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 30/06/2025 · 1 active · 1 ended

Active mandates

Johan Dewulf

Director

Active

Ended mandates

Johan Dewulf

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/12/2025	17/12/2024	10/01/2024	31/01/2023	27/01/2022	10/12/2020
General meeting	01/12/2025	02/12/2024	04/12/2023	05/12/2022	06/12/2021	07/12/2020
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
Micro model	30/06/2025	01/12/2025	16/12/2025	Dutch	PDF
Micro model	30/06/2024	02/12/2024	17/12/2024	Dutch	PDF
Micro model	30/06/2023	04/12/2023	10/01/2024	Dutch	PDF
Micro model	30/06/2022	05/12/2022	31/01/2023	Dutch	PDF
Micro model	30/06/2021	06/12/2021	27/01/2022	Dutch	PDF
Micro model	30/06/2020	07/12/2020	10/12/2020	Dutch	PDF
Micro model	30/06/2019	02/12/2019	23/01/2020	Dutch	PDF
Micro model	30/06/2018	03/12/2018	29/01/2019	Dutch	PDF
Micro model	30/06/2017	04/12/2017	09/01/2018	Dutch	PDF
Abridged model	30/06/2016	05/12/2016	22/12/2016	Dutch	PDF
Abridged model	30/06/2015	07/12/2015	23/12/2015	Dutch	PDF
Abridged model	30/06/2014	01/12/2014	22/12/2014	Dutch	PDF
Abridged model	30/06/2013	02/12/2013	07/01/2014	Dutch	PDF
Abridged model	30/06/2012	03/12/2012	24/01/2013	Dutch	PDF
Abridged model	30/06/2011	05/12/2011	03/01/2012	Dutch	PDF
Abridged model	30/06/2010	06/12/2010	20/12/2010	Dutch	PDF
Abridged model	30/06/2009	07/12/2009	04/01/2010	Dutch	PDF
Abridged model	30/06/2008	01/12/2008	17/12/2008	Dutch	PDF
Abridged model	30/06/2007	03/12/2007	10/12/2007	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 30/06/2025 · 1 active · 1 ended

Active mandates

Johan Dewulf

Director

Active

Ended mandates

Johan Dewulf

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other18/05/2026
BENAMING - ALGEMENE VERGADERING - BOEKJAAR
PDF
Other13/02/2026
PARTIËLE SPLITSING DOOR OPRICHTING VAN EEN NIEUWE
PDF
Other07/10/2025
Voorstel tot partiële splitsing door oprichting van een nieuwe vennootschap
PDF
Other19/04/2017
DOEL
PDF
Other18/02/2003
DIVERSEN
PDF
Other24/09/2002
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202564,4 k €↑
2024
Annual accounts 20245,2 k €↓
2023
Annual accounts 202312,8 k €↑
2022
Annual accounts 202264,6 €↓
2021
Annual accounts 202162,8 k €↑
2020
Annual accounts 202020,9 k €↑
2019
Annual accounts 201912,2 k €↑
2018
Annual accounts 20189,8 k €↓
2017
Annual accounts 201719,2 k €↑
2016
Annual accounts 2016629,5 €↓
2015
Annual accounts 201511,2 k €↓
2014
Annual accounts 201420,9 k €↓
2013
Annual accounts 201326,6 k €↑
2012
Annual accounts 20127,5 k €↓
2011
Annual accounts 201110,6 k €↓
2010
Annual accounts 201024,4 k €↓
2009
Annual accounts 200935,9 k €↑
2008
Annual accounts 2008-17,4 k €↑
2007
Annual accounts 2007-24,8 k €
17/09/2002
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

DEWULF

Overview

What does DEWULF 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