ACTIVE

VULCAIN ENGINEERING

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Financial year 2025 · Closed on 31/12/2025

Net result505,5 k €+5 711,3 %over 1 year

Revenue16,1 M €+4,0 %over 1 year

Equity2,5 M €+24,9 %over 1 year

Workforce110,3 ETP-11,3 %over 1 year

Identity

Source · BCE/KBO

VULCAIN ENGINEERING is a Private limited company incorporated in 2015. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Ixelles. It employs on average 110,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0597.824.163
Incorporation: 10/02/2015
Legal form: Private limited company
Registered office: Avenue Louise 240
1050 Ixelles · BruxellesSee on map
Contributed capital: 142 600,00 €
Latest accounts: 31/12/2025
Average workforce: 110,3 ETP

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 62020Computer consultancy activities 62200Computer programming, consultancy and related activities 70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 11 filings

Trend over 11 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	16,1 M €	+4.0%	15,5 M €		–		–		–
EBITDA	1 M €	+112%	492,1 k €	+578%	72,6 k €	-83.5%	439,8 k €	-28.1%	612 k €
Operating result	932,7 k €	+146%	378,7 k €	+2410%	-16,4 k €	-103%	484 k €	-19.8%	603,9 k €
Net result	505,5 k €	+5711%	8,7 k €	-96.4%	244,2 k €	-19.6%	303,7 k €	-22.3%	391,1 k €
Balance sheet
Equity	2,5 M €	+24.9%	2 M €	+0.4%	2 M €	+252%	575,2 k €	+24.1%	463,5 k €
Total assets	6,1 M €	+14.7%	5,4 M €	-4.5%	5,6 M €	+195%	1,9 M €	-1.6%	1,9 M €
Cash	1 M €	+28.0%	818,1 k €	+43.0%	572,1 k €	+109%	274 k €	-66.4%	816,2 k €
Debts	3,5 M €	+7.3%	3,3 M €	-7.3%	3,5 M €	+167%	1,3 M €	-6.3%	1,4 M €
Other
Workforce	110,3 ETP	-11.3%	124,3 ETP	+69.1%	73,5 ETP	+48.8%	49,4 ETP	+25.1%	39,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Frédéric GRARD	Chairman of the board of directorssince 01/01/2026
Stanislas GAILLARD	Managing directorsince 01/01/2026
Yann AUBRY	Managing directorsince 01/01/2026
Alban Guilloteau	Directorsince 05/02/2015Mandate05/02/2015 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
PEETERS CONSULTING ENTERPRISE0829.831.040Represented by John-Sebastian Peeters	Director27/04/2022 → 2024 accounts
Maxime Chinchilla	Manager02/10/2017 → 2018 accountsMandate02/10/2017 → 2019 accounts

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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Abridged model	Abridged 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	21/09/2026	31/07/2025	21/02/2025	31/08/2023	22/08/2022	26/08/2021
General meeting	31/08/2026	31/07/2025	15/10/2024	30/06/2023	29/06/2022	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 11 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	31/08/2026	21/09/2026	French	PDF
Full model	31/12/2024	31/07/2025	31/07/2025	French	PDF
Abridged model	31/12/2023	15/10/2024	21/02/2025	French	PDF
Abridged model	31/12/2022	30/06/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	29/06/2022	22/08/2022	French	PDF
Abridged model	31/12/2020	17/06/2021	26/08/2021	French	PDF
Abridged model	31/12/2019	13/08/2020	29/10/2020	French	PDF
Abridged model	31/12/2018	18/06/2019	18/07/2019	French	PDF
Abridged model	31/12/2017	19/06/2018	20/08/2018	French	PDF
Abridged model	31/12/2016	01/09/2017	18/09/2017	French	PDF
Abridged model	31/12/2015	16/06/2016	28/07/2016	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Frédéric GRARD	Chairman of the board of directorssince 01/01/2026
Stanislas GAILLARD	Managing directorsince 01/01/2026
Yann AUBRY	Managing directorsince 01/01/2026
Alban Guilloteau	Directorsince 05/02/2015Mandate05/02/2015 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
PEETERS CONSULTING ENTERPRISE0829.831.040Represented by John-Sebastian Peeters	Director27/04/2022 → 2024 accounts
Maxime Chinchilla	Manager02/10/2017 → 2018 accountsMandate02/10/2017 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring04/11/2026
DEPOT D'UN PROJET D'OPÉRATION ASSIMILÉE À UNE FUSION PAR
PDF
Mandates05/03/2026
DEMISSIONS, NOMINATIONS
PDF
Registered office04/12/2025
SIEGE SOCIAL
PDF
Mandates01/08/2025
DEMISSIONS, NOMINATIONS
PDF
Other26/02/2025
MODIFICATION FORME JURIDIQUE - DIVERS
PDF
Restructuring20/11/2023
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring26/09/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates27/06/2023
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings11 filings

Mandates

Frédéric GRARD

Stanislas GAILLARD

Yann AUBRY

Alban Guilloteau

PEETERS CONSULTING ENTERPRISE

Maxime CHINCHILLA

Alban Guillotau

201520162017201820192020202120222023202420252026

VULCAIN ENGINEERING

Avenue Louise 240, 1050 IxellesAvenue du Col Vert 1B, 1170 Watermael-Boitsfort

Director

DirectorManager

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Louise 240, 1050 IxellesCurrent	accounts 2025	Accounts 2025 · 2026-00518204
Avenue du Col Vert 1 bte B, 1170 Watermael-Boitsfort	accounts 2024	Accounts 2024 · 2025-00355681
Avenue du Col Vert 1B, 1170 Watermael-Boitsfort	accounts 2022 → 2023	Accounts 2023 · 2025-00039248
Rue de Namur 73D, 1000 Brussels	accounts 2021	Accounts 2021 · 2022-20312136

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
VULCAIN ENGINEERINGCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00518204

Events

2025
Annual accounts 2025505,5 k €↑
2024
Annual accounts 20248,7 k €↓
2023
Annual accounts 2023244,2 k €↓
2022
Annual accounts 2022303,7 k €↓
2021
Annual accounts 2021391,1 k €↓
2020
Annual accounts 2020495,9 k €↑
2019
Annual accounts 2019256 k €↑
2018
Annual accounts 201882,6 k €↓
2017
Annual accounts 201796,6 k €↓
2016
Annual accounts 2016194,9 k €↑
2015
Annual accounts 2015-107,5 k €
10/02/2015
IncorporationPrivate limited company

VULCAIN ENGINEERING

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events