ACTIVE

Substance Europe

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Financial year 2024 · closed on 31/12/2024
Net result
1,5 M €
+140.2% YoY
Gross margin
2 M €
+142.3% YoY
Equity
2 M €
+280.6% YoY
Workforce
1,0 ETP
0.0% YoY

What does Substance Europe do?

Substance Europe is a Private limited company incorporated in 2021. Its main activity is: Other printing. Its registered office is in Pelt. It employs on average 1,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0778.738.071
Incorporation
16/12/2021
Legal form
Private limited company
Registered office
Lodewijk De Raetlaan 12A
3900 Pelt · FlandreSee on map
Contributed capital
25 000,00 €
Latest accounts
31/12/2024
Average workforce
1,0 ETP
Activities (NACE)
18120Other printing· main18120Other printing46769Wholesale of other intermediate products46869Wholesale trade, except of motor vehicles and motorcycles46180Agents specialised in the sale of other particular products46180Agents specialised in the sale of other particular products+4
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202420232022
Income statement
Gross margin2 M €824,9 k €-97,4 k €
EBITDA1,9 M €779,7 k €-105,4 k €
Operating result1,9 M €765,9 k €-108,7 k €
Net result1,5 M €604,8 k €-112 k €
Balance sheet
Equity2 M €517,8 k €-87 k €
Total assets2,8 M €1 M €611 k €
Cash1,5 M €433,5 k €173 k €
Debts861,5 k €525,9 k €698 k €
Other
Workforce1,0 ETP1,0 ETP1,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active

Active mandates

martin clive downer

Mandate

Active
At this address

Other companies at this address

CompanyCBE no.
BECATECH● Active
0777.903.079
MD2 DISTRIBUTION● Active
0799.372.248
Annual accounts

Full financial information

202420232022
Type of accountAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202316/12/2021
Closing of the financial year31/12/202431/12/202331/12/2022
Length of the financial year12 months12 months13 months
Filing date30/09/202524/10/202421/08/2023
General meeting26/09/202512/06/202414/06/2023
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202426/09/202530/09/2025DutchPDF
Abridged model31/12/202312/06/202424/10/2024DutchPDF
Abridged model31/12/202214/06/202321/08/2023DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2024 · 1 active

Active mandates

martin clive downer

Mandate

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office17/06/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office27/01/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other20/12/2021
    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. 2024
    Annual accounts 20241,5 M €↑
  2. 2023
    Annual accounts 2023604,8 k €↑
  3. 2022
    Annual accounts 2022-112 k €
  4. 16/12/2021
    IncorporationPrivate limited company