ACTIVE

PARTICLE

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Financial year 2025 · closed on 31/12/2025
Net result
5,3 M €
-0.3% YoY
Gross margin
3,3 M €
-2.8% YoY
Equity
34,5 M €
+16.3% YoY
Workforce
11,0 ETP
+6.8% YoY

What does PARTICLE do?

PARTICLE is a Private limited company incorporated in 2018. Its main activity is: Activities of holding companies. Its registered office is in Brugge. It employs on average 11,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0700.285.956
Incorporation
19/07/2018
Legal form
Private limited company
Registered office
Kleine Pathoekeweg 13-15
8000 Brugge · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
11,0 ETP
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies70100Activities of head offices70100Activities of head offices70200Management consultancy activities70210Public relations and communication activities+2
Joint committees (3)
  • 100
  • 145
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin3,3 M €3,4 M €3,1 M €2,9 M €2,7 M €
EBITDA2,3 M €2,6 M €2,4 M €2,3 M €2,2 M €
Operating result1,7 M €2,1 M €1,9 M €1,9 M €1,8 M €
Net result5,3 M €5,3 M €3,7 M €2,9 M €1,3 M €
Balance sheet
Equity34,5 M €29,7 M €24,7 M €21 M €18,1 M €
Total assets35,4 M €30,5 M €25,3 M €21,6 M €18,9 M €
Cash4,7 M €837,6 k €954 k €5,8 M €10,8 M €
Debts821,1 k €736,9 k €567,3 k €548,8 k €697,7 k €
Other
Workforce11,0 ETP10,3 ETP9,4 ETP8,9 ETP9,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Karel Vincke

Director · since 30 septembre 2019

Active

Ended mandates

Karel Vincke

Director · since 19 juillet 2018

Ended
Karel Vincke

Manager · since 19 juillet 2018

Ended
At this address

Other companies at this address

CompanyCBE no.
CENTRIC OOSTKAMP● Active
0478.487.835
Groep V.A.C. Machines● Active
0768.573.461
V.A.C. MACHINES● Active
0433.131.724
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date06/05/202603/07/202509/04/202425/05/202324/06/202208/07/2021
General meeting27/04/202626/06/202525/03/202422/05/202318/06/202230/06/2021
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 model31/12/202527/04/202606/05/2026DutchPDF
Abridged model31/12/202426/06/202503/07/2025DutchPDF
Abridged model31/12/202325/03/202409/04/2024DutchPDF
Abridged model31/12/202222/05/202325/05/2023DutchPDF
Abridged model31/12/202118/06/202224/06/2022DutchPDF
Full model31/12/202030/06/202108/07/2021DutchPDF
Abridged model31/12/201920/06/202008/07/2020DutchPDF
Abridged model31/12/201815/06/201901/07/2019DutchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Karel Vincke

Director · since 30 septembre 2019

Active

Ended mandates

Karel Vincke

Director · since 19 juillet 2018

Ended
Karel Vincke

Manager · since 19 juillet 2018

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring31/05/2021
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring26/03/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
    PDF
  • Mandates16/10/2019
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other31/07/2018
    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 20255,3 M €↓
  2. 2024
    Annual accounts 20245,3 M €↑
  3. 2023
    Annual accounts 20233,7 M €↑
  4. 2022
    Annual accounts 20222,9 M €↑
  5. 2021
    Annual accounts 20211,3 M €
  6. 19/07/2018
    IncorporationPrivate limited company