ACTIVE

Prelude

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Financial year 2025 · closed on 31/12/2025

Net result

51 k €

+58.9% YoY

Gross margin

120,2 k €

+14.3% YoY

Equity

184,2 k €

+38.2% YoY

What does Prelude do?

Prelude is a Private limited company incorporated in 2010. Its registered office is in Aalter.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0832.089.556

Incorporation

21/12/2010

Legal form

Private limited company

Registered office

Knokkebaan 59
9910 Aalter · FlandreSee on map

Contributed capital

70 000,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	120,2 k €	+14.3%	105,2 k €	+50.9%	69,7 k €	-19.3%	86,3 k €	+53.8%	56,2 k €	+9.2%	51,4 k €	-53.7%	111,1 k €	+14.6%	97 k €	-12.1%	110,3 k €	+61.8%	68,2 k €	-22.5%	88 k €	+22.0%	72,1 k €	-29.3%	102 k €	+133%	43,8 k €	-20.9%	55,3 k €
EBITDA	116 k €	+21.7%	95,3 k €	+49.5%	63,8 k €	-23.0%	82,8 k €	+57.8%	52,5 k €	+14.2%	46 k €	-56.2%	104,9 k €	+17.4%	89,3 k €	-14.3%	104,2 k €	+55.4%	67 k €	-18.8%	82,5 k €	+21.1%	68,2 k €	-30.1%	97,5 k €	+143%	40,1 k €	-22.5%	51,7 k €
Operating result	82,1 k €	+38.8%	59,1 k €	+150%	23,6 k €	-42.8%	41,4 k €	+271%	11,2 k €	+281%	-6,2 k €	-113%	48,8 k €	+41.7%	34,4 k €	-20.5%	43,3 k €	+20.3%	36 k €	-14.3%	42 k €	+43.0%	29,4 k €	-53.1%	62,6 k €	+669%	8,1 k €	+124%	-34,3 k €
Net result	51 k €	+58.9%	32,1 k €	+411%	6,3 k €	-78.5%	29,2 k €	+10579%	273,6 €	+101%	-28,5 k €	-298%	14,4 k €	+466%	2,5 k €	-87.0%	19,5 k €	+85.9%	10,5 k €	-50.8%	21,4 k €	+262%	5,9 k €	-78.3%	27,2 k €	+242%	-19,2 k €	+67.1%	-58,3 k €
Balance sheet
Equity	184,2 k €	+38.2%	133,2 k €	+31.7%	101,2 k €	+6.6%	94,9 k €	+44.5%	65,7 k €	+0.4%	65,4 k €	-30.3%	93,9 k €	+18.1%	79,5 k €	+3.3%	76,9 k €	+34.0%	57,4 k €	+22.4%	46,9 k €	+83.6%	25,5 k €	+30.0%	19,6 k €	+360%	-7,6 k €	-165%	11,7 k €
Total assets	539,7 k €	-5.6%	572 k €	-4.1%	596,2 k €	-6.8%	640 k €	-8.6%	700,1 k €	+10.2%	635,5 k €	-2.3%	650,5 k €	-6.6%	696,3 k €	-2.9%	717,4 k €	+30.0%	551,7 k €	-4.1%	575,1 k €	-5.0%	605,7 k €	-1.4%	614,3 k €	-2.6%	630,6 k €	-6.0%	670,6 k €
Cash	8 k €	-24.2%	10,5 k €	-58.1%	25,1 k €	-19.6%	31,3 k €	-39.8%	51,9 k €	+76.5%	29,4 k €	+443%	5,4 k €	+48.7%	3,6 k €	+23.1%	3 k €	+87.6%	1,6 k €	-65.1%	4,5 k €	+153%	1,8 k €	+25.2%	1,4 k €	+1261%	105,1 €	-95.8%	2,5 k €
Debts	355,5 k €	-19.0%	438,7 k €	-11.4%	495 k €	-9.2%	545,1 k €	-14.1%	634,4 k €	+11.3%	570,1 k €	+2.4%	556,6 k €	-9.8%	616,8 k €	-3.7%	640,5 k €	+29.6%	494,3 k €	-6.4%	528,2 k €	-8.9%	580,1 k €	-2.4%	594,6 k €	-6.8%	638,1 k €	-3.2%	659 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,1 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Michael Nieste

Director · since 07 janvier 2021

Active

Olga Anisjutkina

Director · since 07 janvier 2021

Active

Ended mandates

Michael Nieste

Director · since 14 décembre 2010

Ended

Marcel NIESTE

Director

Ended

Michael Nieste

Director

Ended

Michael Nieste

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	27/09/2025	31/07/2024	30/08/2023	31/08/2022	31/08/2021
General meeting	27/06/2026	28/06/2025	29/06/2024	28/06/2023	25/06/2022	25/06/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	27/06/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	28/06/2025	27/09/2025	Dutch	PDF
Micro model	31/12/2023	29/06/2024	31/07/2024	Dutch	PDF
Micro model	31/12/2022	28/06/2023	30/08/2023	Dutch	PDF
Micro model	31/12/2021	25/06/2022	31/08/2022	Dutch	PDF
Micro model	31/12/2020	25/06/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	27/06/2020	02/10/2020	Dutch	PDF
Micro model	31/12/2018	29/06/2019	10/10/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	24/07/2018	Dutch	PDF
Micro model	31/12/2016	24/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	02/08/2016	Dutch	PDF
Abridged model	31/12/2014	27/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	06/05/2014	06/05/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	22/10/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	31/10/2012	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2025 · 2 active · 6 ended

Active mandates

Michael Nieste

Director · since 07 janvier 2021

Active

Olga Anisjutkina

Director · since 07 janvier 2021

Active

Ended mandates

Michael Nieste

Director · since 14 décembre 2010

Ended

Marcel NIESTE

Director

Ended

Michael Nieste

Director

Ended

Michael Nieste

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/01/2021
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Other30/12/2010
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

2025
Annual accounts 202551 k €↑
2024
Annual accounts 202432,1 k €↑
2023
Annual accounts 20236,3 k €↓
2022
Annual accounts 202229,2 k €↑
2021
Annual accounts 2021273,6 €↑
2020
Annual accounts 2020-28,5 k €↓
2019
Annual accounts 201914,4 k €↑
2018
Annual accounts 20182,5 k €↓
2017
Annual accounts 201719,5 k €↑
2016
Annual accounts 201610,5 k €↓
2015
Annual accounts 201521,4 k €↑
2014
Annual accounts 20145,9 k €↓
2013
Annual accounts 201327,2 k €↑
2012
Annual accounts 2012-19,2 k €↑
2011
Annual accounts 2011-58,3 k €
21/12/2010
IncorporationPrivate limited company

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

Prelude

Overview

What does Prelude do?

Trend over 15 financial years

Indicative valuation

Board of directors

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