ACTIVE

Cut The Mustard

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Financial year 2025 · closed on 30/09/2025
Net result
215,9 k €
+11.3% YoY
Gross margin
296 k €
+12.2% YoY
Equity
54,1 k €
0.0% YoY

What does Cut The Mustard do?

Cut The Mustard is a Private limited company incorporated in 2016. Its main activity is: Other business support service activities n.e.c.. Its registered office is in Tervuren.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0668.606.647
Incorporation
30/12/2016
Legal form
Private limited company
Registered office
Meiklokjeslaan 22
3080 Tervuren · FlandreSee on map
Contributed capital
1 656,00 €
Latest accounts
30/09/2025
Activities (NACE)
82990Other business support service activities n.e.c.· main82990Other business support service activities n.e.c.70200Management consultancy activities70210Public relations and communication activities70220Business and other management consultancy activities73300Advertising and market research+2
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin296 k €263,9 k €138,8 k €140,6 k €116,9 k €42,8 k €68,6 k €143,5 k €
EBITDA295,1 k €263,9 k €137,1 k €140,2 k €116,9 k €39,8 k €67,3 k €141,6 k €
Operating result285 k €252,4 k €134,5 k €138,9 k €115,7 k €36,5 k €56,4 k €135,7 k €
Net result215,9 k €193,9 k €105,4 k €107,7 k €82,5 k €24,7 k €39,5 k €86,8 k €
Balance sheet
Equity54,1 k €54,1 k €72,9 k €67,2 k €155,2 k €72,7 k €48 k €8,5 k €
Total assets291,7 k €249,9 k €201,8 k €307,5 k €188 k €95,7 k €91,3 k €111 k €
Cash254 k €50,8 k €114,7 k €245,7 k €179,6 k €90,7 k €43,2 k €76,8 k €
Debts237,5 k €195,7 k €128,9 k €240,3 k €32,8 k €22,9 k €43,3 k €102,4 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 2 ended

Active mandates

Nicolas BLONDEAU

Director

Active

Ended mandates

Nicolas BLONDEAU

Director · since 23 décembre 2016

Ended
NICOLAS BLONDEAU

Manager · since 23 décembre 2016

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro modelMicro model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date02/12/202527/11/202411/12/202313/12/202228/03/202230/03/2021
General meeting05/11/202507/11/202428/11/202305/11/202210/02/202211/02/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202505/11/202502/12/2025DutchPDF
Abridged model30/09/202407/11/202427/11/2024DutchPDF
Abridged model30/09/202328/11/202311/12/2023DutchPDF
Abridged model30/09/202205/11/202213/12/2022DutchPDF
Micro model30/09/202110/02/202228/03/2022FrenchPDF
Micro model30/09/202011/02/202130/03/2021FrenchPDF
Micro model30/09/201913/02/202031/03/2020FrenchPDF
Micro model30/09/201807/03/201929/03/2019FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 2 ended

Active mandates

Nicolas BLONDEAU

Director

Active

Ended mandates

Nicolas BLONDEAU

Director · since 23 décembre 2016

Ended
NICOLAS BLONDEAU

Manager · since 23 décembre 2016

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates23/02/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/01/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other03/01/2017
    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

Timeline

  1. 2025
    Annual accounts 2025215,9 k €↑
  2. 2024
    Annual accounts 2024193,9 k €↑
  3. 2023
    Annual accounts 2023105,4 k €↓
  4. 2022
    Annual accounts 2022107,7 k €↑
  5. 2021
    Annual accounts 202182,5 k €↑
  6. 2020
    Annual accounts 202024,7 k €↓
  7. 2019
    Annual accounts 201939,5 k €↓
  8. 2018
    Annual accounts 201886,8 k €
  9. 30/12/2016
    IncorporationPrivate limited company