ACTIVE

CULLEN CLEANING SERVICES

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Financial year 2021 · closed on 31/12/2021

Net result

19,5 k €

-45.7% YoY

Gross margin

1,1 M €

-36.6% YoY

Equity

126,6 k €

+110.3% YoY

Workforce

19,9 ETP

-38.8% YoY

What does CULLEN CLEANING SERVICES do?

CULLEN CLEANING SERVICES is a General partnership incorporated in 2009. Its main activity is: General cleaning of buildings. Its registered office is in Bruxelles. It employs on average 19,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0820.194.881

Incorporation

30/10/2009

Legal form

General partnership

Registered office

Esplanade 1 box 94
1020 Bruxelles · BruxellesSee on map

Contributed capital

10 000,00 €

Latest accounts

31/12/2021

Average workforce

19,9 ETP

Activities (NACE)

81210General cleaning of buildings· main 81210General cleaning of buildings 43350Building completion and finishing 43390Other building completion and finishing

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2021		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	1,1 M €	-36.6%	1,7 M €	+4.5%	1,7 M €	-8.6%	1,8 M €	+3.1%	1,8 M €	+377%	367,5 k €	+29.8%	283,1 k €	+51.7%	186,6 k €	+1957%	-10 k €	+85.7%	-70,2 k €
EBITDA	38,8 k €	-31.9%	57 k €	-16.5%	68,2 k €	-20.5%	85,9 k €	-68.3%	270,6 k €	+2804%	-10 k €	+12.1%	-11,4 k €	+87.5%	-90,9 k €	+16.5%	-108,8 k €	-53.4%	-70,9 k €
Operating result	32,6 k €	-40.6%	54,8 k €	+3.0%	53,2 k €	-6.3%	56,8 k €	-77.8%	255,8 k €	+2330%	-11,5 k €	-0.7%	-11,4 k €	+87.5%	-90,9 k €	+16.5%	-108,8 k €	-53.4%	-70,9 k €
Net result	19,5 k €	-45.7%	36 k €	-5.1%	38 k €	-29.4%	53,8 k €	-78.7%	253 k €	+1561%	-17,3 k €	+21.2%	-22 k €	+79.6%	-107,9 k €	+2.6%	-110,8 k €	-52.8%	-72,5 k €
Balance sheet
Equity	126,6 k €	+110%	60,2 k €	+149%	24,2 k €	+276%	-13,8 k €	+79.6%	-67,6 k €	+78.9%	-320,6 k €	-5.7%	-303,2 k €	-7.8%	-281,3 k €	-62.3%	-173,3 k €	-177%	-62,5 k €
Total assets	456,8 k €	+33.2%	342,9 k €	-6.1%	365,1 k €	-0.4%	366,7 k €	-26.3%	497,8 k €	+388%	102 k €	+147%	41,3 k €	-55.9%	93,7 k €	+8.1%	86,6 k €	-77.2%	379,7 k €
Cash	288,8 k €	+169%	107,4 k €	+73.9%	61,8 k €	-54.1%	134,5 k €	-55.5%	302 k €	+1009%	27,2 k €	+2037%	1,3 k €	-97.4%	48,8 k €	+4099%	1,2 k €	-94.5%	21,3 k €
Debts	322,6 k €	+35.0%	238,9 k €	-28.5%	334 k €	-5.1%	351,8 k €	-37.4%	561,7 k €	+33.7%	420,1 k €	+22.9%	341,8 k €	-5.6%	362 k €	+39.2%	260 k €	-41.2%	442,3 k €
Other
Workforce	19,9 ETP	-38.8%	32,5 ETP	-2.4%	33,3 ETP	+2.8%	32,4 ETP	+58.0%	20,5 ETP	+159%	7,9 ETP	+14.5%	6,9 ETP	+116%	3,2 ETP	+52.4%	2,1 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2021 · 3 active · 5 ended

Active mandates

Frank Cullen

Director · since 15 juillet 2013

Active

Louise Cullen

Director · since 15 juillet 2013

Active

David Cullen

Director · since 27 octobre 2009

Active

Ended mandates

Frank Cullen

Manager · since 15 juillet 2013

Ended

Louise Cullen

Manager · since 15 juillet 2013

Ended

David Cullen

Manager · since 27 octobre 2009

Ended

David Cullen

Manager · until 15 juillet 2013

Ended

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Annual accounts

Full financial information

	2021	2020	2019	2018	2017	2016
Type of account	Abridged model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017	01/01/2016
Closing of the financial year	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017	31/12/2016
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/07/2022	30/06/2021	14/07/2020	30/08/2019	27/09/2018	16/08/2017
General meeting	12/07/2022	01/06/2021	23/06/2020	04/06/2019	05/06/2018	06/06/2017
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2021	12/07/2022	18/07/2022	Dutch	PDF
Micro model	31/12/2020	01/06/2021	30/06/2021	Dutch	PDF
Abridged model	31/12/2019	23/06/2020	14/07/2020	Dutch	PDF
Abridged model	31/12/2018	04/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	05/06/2018	27/09/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	16/08/2017	Dutch	PDF
Abridged model	31/12/2015	07/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	02/06/2015	26/08/2015	Dutch	PDF
Abridged model	31/12/2013	03/06/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/08/2013	30/09/2013	Dutch	PDF
Abridged model	31/12/2011	05/06/2012	26/10/2012	Dutch	PDF
Abridged model	31/12/2010	07/06/2011	21/11/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2021 · 3 active · 5 ended

Active mandates

Frank Cullen

Director · since 15 juillet 2013

Active

Louise Cullen

Director · since 15 juillet 2013

Active

David Cullen

Director · since 27 octobre 2009

Active

Ended mandates

Frank Cullen

Manager · since 15 juillet 2013

Ended

Louise Cullen

Manager · since 15 juillet 2013

Ended

David Cullen

Manager · since 27 octobre 2009

Ended

David Cullen

Manager · until 15 juillet 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/01/2023
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates18/09/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/05/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other12/11/2009
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

2021
Annual accounts 202119,5 k €↓
2018
Annual accounts 201836 k €↓
2017
Annual accounts 201738 k €↓
2016
Annual accounts 201653,8 k €↓
2015
Annual accounts 2015253 k €↑
2014
Annual accounts 2014-17,3 k €↑
2013
Annual accounts 2013-22 k €↑
2012
Annual accounts 2012-107,9 k €↑
2011
Annual accounts 2011-110,8 k €↓
2010
Annual accounts 2010-72,5 k €
30/10/2009
IncorporationGeneral partnership

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CULLEN CLEANING SERVICES

Overview

What does CULLEN CLEANING SERVICES do?

Trend over 10 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline