ACTIVE

BULLSWAP

Financial year 2025 · Closed on 31/12/2025

Net result-944,2 k €-26,5 %over 1 year
Gross margin175,2 k €-47,3 %over 1 year
Equity-335,3 k €+81,4 %over 1 year
Workforce10,2 ETP+7,4 %over 1 year

Identity

Source · BCE/KBO

BULLSWAP is a Private limited company incorporated in 2018. Its main activity is: Agents involved in the sale of machinery, industrial equipment, ships and aircraft. Its registered office is in Genk. It employs on average 10,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0699.556.476
Incorporation
03/07/2018
Legal form
Private limited company
Registered office
Thor Park 8000
3600 Genk · FlandreSee on map
Contributed capital
4 190 333,12 €
Latest accounts
31/12/2025
Average workforce
10,2 ETP
Joint committees (1)
  • 200
Signals
Healthy social debts

Financials

Source · NBB, 7 filings

Trend over 7 financial years

20252024202320222021
Income statement
Gross margin175,2 k €332,2 k €124,3 k €-121,7 k €-243,8 k €
EBITDA-628,8 k €-510,6 k €-590,1 k €-576 k €-576,9 k €
Operating result-811,8 k €-651,9 k €-700,4 k €-655,8 k €-632,6 k €
Net result-944,2 k €-746,2 k €-781,2 k €-686,6 k €-764,7 k €
Balance sheet
Equity-335,3 k €-1,8 M €-2 M €-1,2 M €-489 k €
Total assets946,1 k €663,9 k €995,2 k €1 M €836 k €
Cash96,3 k €25,7 k €79,3 k €139 k €395,6 k €
Debts1,3 M €2,3 M €2,8 M €2,2 M €1,3 M €
Other
Workforce10,2 ETP9,5 ETP8,5 ETP7,6 ETP–

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 17 ended

Active mandates

Fedrus International

Director · since 07 février 2025 · 0630.779.617

Represented by Mark Vandecruys

Active
GUFOS

Director · since 07 février 2025 · 0826.764.553

Represented by Steven Geirnaert

Active
PYGMA

Director · since 07 février 2025 · 0679.782.928

Represented by Peter Vandendriessche

Active
VALK INVEST

Managing director · since 12 mai 2022 · 0777.825.380

Represented by Jannes Valkeneers

Active
Fastré Lode

Director · since 29 octobre 2021

Active
Wim Van Den Bossche

Director · since 29 octobre 2021

Active

Ended mandates

Fedrus International

Director · since 07 février 2025 · 0630.779.617

Represented by Mark Vandecruys

Ended
Mark Vandecruys

Director · since 07 novembre 2023

Ended
Mark Vandecruys

Director · since 11 juillet 2023 · until 07 février 2025

Ended
KREFTON

Director · since 12 mai 2022 · until 06 février 2025 · 0777.825.578

Represented by Laurens Opitek

Ended

Other companies at this address

Thor Park 8000 3600 Genk
CompanyCBE no.
0870.417.028

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro modelMicro 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 date31/08/202628/07/202509/07/202419/07/202306/07/202220/07/2021
General meeting14/08/202630/06/202528/06/202430/06/202307/06/202220/06/2021
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, 7 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202514/08/202631/08/2026DutchPDF
Abridged model31/12/202430/06/202528/07/2025DutchPDF
Abridged model31/12/202328/06/202409/07/2024DutchPDF
Abridged model31/12/202230/06/202319/07/2023DutchPDF
Micro model31/12/202107/06/202206/07/2022DutchPDF
Micro model31/12/202020/06/202120/07/2021DutchPDF
Micro model31/12/201908/09/202009/10/2020DutchPDF

Indicative valuation

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

6 active · 17 ended

Active mandates

Fedrus International

Director · since 07 février 2025 · 0630.779.617

Represented by Mark Vandecruys

Active
GUFOS

Director · since 07 février 2025 · 0826.764.553

Represented by Steven Geirnaert

Active
PYGMA

Director · since 07 février 2025 · 0679.782.928

Represented by Peter Vandendriessche

Active
VALK INVEST

Managing director · since 12 mai 2022 · 0777.825.380

Represented by Jannes Valkeneers

Active
Fastré Lode

Director · since 29 octobre 2021

Active
Wim Van Den Bossche

Director · since 29 octobre 2021

Active

Ended mandates

Fedrus International

Director · since 07 février 2025 · 0630.779.617

Represented by Mark Vandecruys

Ended
Mark Vandecruys

Director · since 07 novembre 2023

Ended
Mark Vandecruys

Director · since 11 juillet 2023 · until 07 février 2025

Ended
KREFTON

Director · since 12 mai 2022 · until 06 février 2025 · 0777.825.578

Represented by Laurens Opitek

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office19/01/2026
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates08/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/03/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/02/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Capital / shares29/02/2024
    KAPITAAL - AANDELEN
    PDF
  • Mandates06/12/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares28/12/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - KAPITAAL - AANDELEN
    PDF
  • Mandates30/05/2022
    ONTSLAGEN - BENOEMINGEN
    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 2025-944,2 k €↓
  2. 2024
    Annual accounts 2024-746,2 k €↑
  3. 2023
    Annual accounts 2023-781,2 k €↓
  4. 2022
    Annual accounts 2022-686,6 k €↑
  5. 2021
    Annual accounts 2021-764,7 k €↓
  6. 2020
    Annual accounts 2020-283,2 k €↑
  7. 2019
    Annual accounts 2019-319,5 k €
  8. 03/07/2018
    IncorporationPrivate limited company