ACTIVE

PULSAR MATERIAUX

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Financial year 2025 · Closed on 31/12/2025

Net result2,7 M €+15,9 %over 1 year
Revenue49,3 M €-2,7 %over 1 year
Equity19,8 M €+11,8 %over 1 year
Workforce40,9 ETP-1,4 %over 1 year

Identity

Source · BCE/KBO

PULSAR MATERIAUX is a Public limited company incorporated in 2014. Its registered office is in Anderlecht. It employs on average 40,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0556.852.749
Incorporation
25/07/2014
Legal form
Public limited company
Registered office
Rue d'Aa 52B
1070 Anderlecht · BruxellesSee on map
Contributed capital
64 000,00 €
Latest accounts
31/12/2025
Average workforce
40,9 ETP
Joint committees (2)
  • 100
  • 201
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 11 filings

Trend over 11 financial years

20252024202320222021
Income statement
Revenue49,3 M €50,7 M €48,5 M €46,2 M €46,7 M €
EBITDA4,3 M €3,5 M €3,3 M €3,4 M €4,1 M €
Operating result3,2 M €2,8 M €2,7 M €3,2 M €3,4 M €
Net result2,7 M €2,3 M €2,2 M €2,6 M €2,9 M €
Balance sheet
Equity19,8 M €17,7 M €16 M €14,3 M €12,6 M €
Total assets23,5 M €22,7 M €20,8 M €18,3 M €15,9 M €
Cash2,9 M €3 M €1,5 M €1,7 M €1,2 M €
Debts3,7 M €5 M €4,8 M €4 M €3,4 M €
Other
Workforce40,9 ETP41,5 ETP39,3 ETP41,6 ETP48,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active

Active mandates

Bafti DZELADINI

Director · since 23 juillet 2014

Active
BAFTI DZELADINI

Managing director · since 23 juillet 2014

Active
SHELZEN DZELADINI

Director · since 23 juillet 2014

Active

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date18/09/202618/07/202522/09/202428/07/202322/07/202226/07/2021
General meeting10/09/202611/07/202517/09/202430/06/202330/06/202228/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 11 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202510/09/202618/09/2026FrenchPDF
Full model31/12/202411/07/202518/07/2025FrenchPDF
Full model31/12/202317/09/202422/09/2024FrenchPDF
Full model31/12/202230/06/202328/07/2023FrenchPDF
Full model31/12/202130/06/202222/07/2022FrenchPDF
Full model31/12/202028/06/202126/07/2021FrenchPDF
Full model31/12/201931/07/202018/09/2020FrenchPDF
Abridged model31/12/201824/06/201901/07/2019FrenchPDF
Abridged model31/12/201715/05/201801/06/2018FrenchPDF
Abridged model31/12/201630/06/201723/08/2017FrenchPDF
Abridged model31/12/201518/05/201631/05/2016FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active

Active mandates

Bafti DZELADINI

Director · since 23 juillet 2014

Active
BAFTI DZELADINI

Managing director · since 23 juillet 2014

Active
SHELZEN DZELADINI

Director · since 23 juillet 2014

Active

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates21/06/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/06/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/02/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Other05/08/2014
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20252,7 M €↑
  2. 2024
    Annual accounts 20242,3 M €↑
  3. 2023
    Annual accounts 20232,2 M €↓
  4. 2022
    Annual accounts 20222,6 M €↓
  5. 2021
    Annual accounts 20212,9 M €↓
  6. 2020
    Annual accounts 20203,7 M €↑
  7. 2019
    Annual accounts 20192,9 M €↑
  8. 2018
    Annual accounts 20181,3 M €↑
  9. 2017
    Annual accounts 2017972 k €↑
  10. 2016
    Annual accounts 2016561,7 k €↑
  11. 2015
    Annual accounts 2015323,7 k €
  12. 25/07/2014
    IncorporationPublic limited company