ACTIVE

PULSATIONS

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Financial year 2025 · closed on 30/09/2025
Net result
48,4 k €
+445.0% YoY
Gross margin
116,9 k €
+173.8% YoY
Equity
75,3 k €
+179.9% YoY

What does PULSATIONS do?

PULSATIONS is a Private limited company incorporated in 2021. Its registered office is in Herve.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0771.756.249
Incorporation
27/07/2021
Legal form
Private limited company
Registered office
Vinâve 23
4651 Herve · WallonieSee on map
Contributed capital
5 000,00 €
Latest accounts
30/09/2025
Contacts
2 public details availableLog in to view
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Gross margin116,9 k €42,7 k €21,7 k €21,2 k €
EBITDA102,5 k €40,2 k €19,6 k €20,3 k €
Operating result74,8 k €22,6 k €11,2 k €11,6 k €
Net result48,4 k €8,9 k €4,4 k €8,7 k €
Balance sheet
Equity75,3 k €26,9 k €18 k €13,7 k €
Total assets311,8 k €208,6 k €92,3 k €54 k €
Cash2,2 k €469 €4,8 k €5,2 k €
Debts236,5 k €176,5 k €73,5 k €40,1 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

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

Active mandates

Gauthier Lenartz

Mandate

Active

Ended mandates

GAUTHIER LENARTZ

Director · since 27 juillet 2021

Ended
Annual accounts

Full financial information

2025202420232022
Type of accountMicro modelMicro modelMicro modelMicro model
Start of the financial year01/10/202401/10/202301/10/202227/07/2021
Closing of the financial year30/09/202530/09/202430/09/202330/09/2022
Length of the financial year12 months12 months12 months15 months
Filing date26/04/202601/04/202513/04/202423/04/2023
General meeting27/03/202628/03/202522/03/202424/03/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202527/03/202626/04/2026FrenchPDF
Micro model30/09/202428/03/202501/04/2025FrenchPDF
Micro model30/09/202322/03/202413/04/2024FrenchPDF
Micro model30/09/202224/03/202323/04/2023FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 1 ended

Active mandates

Gauthier Lenartz

Mandate

Active

Ended mandates

GAUTHIER LENARTZ

Director · since 27 juillet 2021

Ended
Shareholders

Ownership and network

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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 202548,4 k €↑
  2. 2024
    Annual accounts 20248,9 k €↑
  3. 2023
    Annual accounts 20234,4 k €↓
  4. 2022
    Annual accounts 20228,7 k €
  5. 27/07/2021
    IncorporationPrivate limited company