ACTIVE

THE WINE PROGRAM

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Financial year 2024 · closed on 31/12/2024

Net result

8 k €

+61.8% YoY

Gross margin

102,7 k €

-25.8% YoY

Equity

59,5 k €

-15.2% YoY

What does THE WINE PROGRAM do?

THE WINE PROGRAM is a Private limited company incorporated in 2002. Its registered office is in Woluwe-Saint-Lambert.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.931.956

Incorporation

04/12/2002

Legal form

Private limited company

Registered office

Chée de Roodebeek 249
1200 Woluwe-Saint-Lambert · BruxellesSee on map

Latest accounts

31/12/2024

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	102,7 k €	-25.8%	138,5 k €	+17.7%	117,7 k €	+42.7%	82,5 k €	-21.7%	105,3 k €	-3.6%	109,3 k €	-37.7%	175,4 k €	+13.9%	154 k €	+8.6%	141,8 k €	-7.5%	153,4 k €	-3.8%	159,3 k €	+3.6%	153,8 k €	+5.3%	146 k €	+6.9%	136,5 k €	+5.6%	129,3 k €	+24.7%	103,6 k €	+42.6%	72,7 k €	-28.9%	102,2 k €	+43.9%	71 k €
EBITDA	27,6 k €	+55.4%	17,8 k €	-48.6%	34,6 k €	+9.7%	31,5 k €	+40.3%	22,5 k €	+400%	-7,5 k €	-113%	56,3 k €	+33.0%	42,3 k €	+139%	17,7 k €	+55.3%	11,4 k €	-28.0%	15,9 k €	-16.9%	19,1 k €	+32.2%	14,4 k €	-28.1%	20,1 k €	+14.7%	17,5 k €	+16.7%	15 k €	+488%	-3,9 k €	-111%	34,3 k €	+110%	16,3 k €
Operating result	13,3 k €	+20.4%	11,1 k €	-42.3%	19,2 k €	+9.7%	17,5 k €	+144%	7,2 k €	+131%	-23,2 k €	-154%	43,1 k €	+53.8%	28 k €	+91.8%	14,6 k €	+66.9%	8,8 k €	-23.2%	11,4 k €	-19.8%	14,2 k €	+48.4%	9,6 k €	-36.8%	15,1 k €	+4.5%	14,5 k €	+333%	-6,2 k €	+72.9%	-22,9 k €	-250%	15,3 k €	+10940%	-141 €
Net result	8 k €	+61.8%	4,9 k €	-39.0%	8,1 k €	-44.7%	14,7 k €	+88.6%	7,8 k €	+125%	-31,4 k €	-301%	15,6 k €	-15.1%	18,4 k €	+118%	8,4 k €	+47.7%	5,7 k €	-71.3%	19,9 k €	+103%	9,8 k €	+2184%	-470 €	-105%	8,7 k €	+61.1%	5,4 k €	+136%	-15 k €	+44.6%	-27 k €	-391%	9,3 k €	+240%	-6,6 k €
Balance sheet
Equity	59,5 k €	-15.2%	70,2 k €	+7.6%	65,2 k €	+14.2%	57,1 k €	+34.5%	42,5 k €	+22.4%	34,7 k €	-20.4%	43,6 k €	+66.8%	26,1 k €	+238%	7,7 k €	+1198%	-704,3 €	+91.5%	-8,2 k €	+70.7%	-28,2 k €	+25.8%	-38 k €	-1.3%	-37,5 k €	+18.9%	-46,2 k €	+10.5%	-51,6 k €	-28.0%	-40,3 k €	-203%	-13,3 k €	+41.2%	-22,6 k €
Total assets	130,9 k €	-22.1%	168,1 k €	+6.5%	157,9 k €	+29.3%	122,1 k €	+30.2%	93,8 k €	-34.7%	143,6 k €	-7.7%	155,6 k €	+7.2%	145,1 k €	+57.4%	92,2 k €	+60.0%	57,6 k €	+58.8%	36,3 k €	-5.4%	38,4 k €	+28.3%	29,9 k €	-29.4%	42,3 k €	-32.0%	62,2 k €	+55.1%	40,1 k €	-25.5%	53,8 k €	-39.2%	88,6 k €	+23.5%	71,7 k €
Cash	67,8 k €	-16.5%	81,2 k €	+10.2%	73,7 k €	-7.5%	79,6 k €	+95.7%	40,7 k €	-42.2%	70,4 k €	-16.1%	83,9 k €	+26.3%	66,4 k €	+40.9%	47,1 k €	+123%	21,1 k €	+175%	7,7 k €	-63.8%	21,2 k €	+213%	6,8 k €	-43.5%	12 k €	-57.3%	28,2 k €		–		–		20,3 k €		–
Debts	71,4 k €	-27.1%	97,9 k €	+5.7%	92,6 k €	+42.5%	65 k €	+26.6%	51,3 k €	-50.1%	102,9 k €	+15.0%	89,5 k €	-24.8%	119 k €	+42.1%	83,8 k €	+45.4%	57,6 k €	+42.7%	40,4 k €	-31.2%	58,7 k €	-13.6%	67,9 k €	-15.0%	79,8 k €	-26.4%	108,4 k €	+18.2%	91,8 k €	-2.6%	94,2 k €	-7.6%	101,9 k €	+8.0%	94,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		3,8 ETP	-5.0%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	-7.0%	4,3 ETP	0.0%	4,3 ETP	0.0%	4,3 ETP	0.0%	4,3 ETP	+34.4%	3,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 5 ended

Active mandates

Osman DUZDUSEN

Director · since 01 juillet 2015

Active

Ended mandates

Osman DUZDUSEN

Manager · since 01 juillet 2015

Ended

STEPHANE HELLINCKX

Manager · since 06 mai 2005

Ended

Figen Gumus

Associate

Ended

Stephane HELLINCKX

Mandate

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	31/08/2025	30/08/2024	31/08/2023	22/08/2022	31/08/2021	01/03/2022
General meeting	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021	29/05/2020
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	30/05/2025	31/08/2025	French	PDF
Micro model	31/12/2023	31/05/2024	30/08/2024	French	PDF
Micro model	31/12/2022	26/05/2023	31/08/2023	French	PDF
Micro model	31/12/2021	27/05/2022	22/08/2022	French	PDF
Micro model	31/12/2020	28/05/2021	31/08/2021	French	PDF
Micro modelCorrection	31/12/2019	29/05/2020	01/03/2022	French	PDF
Micro model	31/12/2019	29/05/2020	25/01/2021	French	PDF
Micro model	31/12/2018	31/05/2019	31/08/2019	French	PDF
Micro model	31/12/2017	25/05/2018	30/09/2018	French	PDF
Micro modelCorrection	31/12/2016	26/05/2017	29/09/2017	French	PDF
Micro model	31/12/2016	26/05/2017	25/08/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	25/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	20/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	13/06/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	31/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	30/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	31/07/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	31/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2024 · 1 active · 5 ended

Active mandates

Osman DUZDUSEN

Director · since 01 juillet 2015

Active

Ended mandates

Osman DUZDUSEN

Manager · since 01 juillet 2015

Ended

STEPHANE HELLINCKX

Manager · since 06 mai 2005

Ended

Figen Gumus

Associate

Ended

Stephane HELLINCKX

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates10/07/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates29/09/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/05/2005
MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates27/12/2004
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/08/2004
ONTSLAGEN - BENOEMINGEN
PDF
Other11/12/2002
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

2024
Annual accounts 20248 k €↑
2023
Annual accounts 20234,9 k €↓
2022
Annual accounts 20228,1 k €↓
2021
Annual accounts 202114,7 k €↑
2020
Annual accounts 20207,8 k €↑
2019
Annual accounts 2019-31,4 k €↓
2018
Annual accounts 201815,6 k €↓
2017
Annual accounts 201718,4 k €↑
2016
Annual accounts 20168,4 k €↑
2015
Annual accounts 20155,7 k €↓
2014
Annual accounts 201419,9 k €↑
2013
Annual accounts 20139,8 k €↑
2012
Annual accounts 2012-470 €↓
2011
Annual accounts 20118,7 k €↑
2010
Annual accounts 20105,4 k €↑
2009
Annual accounts 2009-15 k €↑
2008
Annual accounts 2008-27 k €↓
2007
Annual accounts 20079,3 k €↑
2006
Annual accounts 2006-6,6 k €
04/12/2002
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

THE WINE PROGRAM

Overview

What does THE WINE PROGRAM 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