ACTIVE

VULMAN

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Financial year 2025 · closed on 30/06/2025

Net result

23 k €

+739.8% YoY

Gross margin

71,5 k €

+515.9% YoY

Equity

122,3 k €

+23.2% YoY

What does VULMAN do?

VULMAN is a Private limited company incorporated in 2011. Its main activity is: Computer consultancy activities. Its registered office is in Braine-le-Château.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0835.666.579

Incorporation

14/04/2011

Legal form

Private limited company

Registered office

Rue Emile Schampaert(W-B) 33 box C
1440 Braine-le-Château · WallonieSee on map

Contributed capital

8 110,00 €

Latest accounts

30/06/2025

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 68321Management of real estate on a fee or contract basis 68321Management of real estate on a fee or contract basis 70210Public relations and communication activities 73300Advertising and market research

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	71,5 k €	+516%	11,6 k €	-59.7%	28,8 k €	-18.3%	35,3 k €	+10.4%	31,9 k €	-66.8%	96,1 k €	-16.9%	115,7 k €	-5.1%	121,9 k €	+83.3%	66,5 k €	-41.3%	113,4 k €	+235%	33,8 k €	-56.1%	77 k €	+238%	22,8 k €	-57.3%	53,4 k €
EBITDA	67,5 k €	+799%	7,5 k €	-71.5%	26,3 k €	-17.3%	31,9 k €	+180%	11,4 k €	-87.8%	93,2 k €	-17.0%	112,3 k €	-5.5%	118,8 k €	+100.0%	59,4 k €	-46.4%	110,8 k €	+238%	32,8 k €	-56.8%	75,8 k €	+252%	21,6 k €	-59.2%	52,9 k €
Operating result	32,2 k €	+8260%	385,6 €	-90.8%	4,2 k €	+33.4%	3,2 k €	+118%	-17,9 k €	-131%	58 k €	-21.0%	73,5 k €	-14.0%	85,4 k €	+211%	27,4 k €	-68.7%	87,5 k €	+1008%	7,9 k €	-88.7%	70,1 k €	+344%	15,8 k €	-69.8%	52,3 k €
Net result	23 k €	+740%	-3,6 k €	-311%	1,7 k €	+13459%	-12,8 €	+100.0%	-28,3 k €	-191%	31,1 k €	-19.1%	38,5 k €	-25.2%	51,5 k €	+345%	11,6 k €	-76.7%	49,6 k €	+13678%	360 €	-99.1%	41,8 k €	+342%	9,5 k €	-74.6%	37,3 k €
Balance sheet
Equity	122,3 k €	+23.2%	99,3 k €	-3.5%	102,8 k €	+1.7%	101,1 k €	-0.0%	101,2 k €	-21.9%	129,5 k €	+31.7%	98,3 k €	+64.4%	59,8 k €	+619%	8,3 k €	-91.2%	94,8 k €	-0.4%	95,2 k €	+0.4%	94,8 k €	+78.9%	53 k €	+21.7%	43,5 k €
Total assets	374,4 k €	-4.5%	392,2 k €	-1.3%	397,2 k €	-11.4%	448,4 k €	-13.2%	516,8 k €	+23.1%	419,8 k €	+2.6%	408,9 k €	-3.0%	421,6 k €	-5.5%	446,3 k €	-8.1%	485,8 k €	+14.7%	423,4 k €	-16.0%	504,1 k €	+64.8%	305,9 k €	+331%	70,9 k €
Cash	137,9 k €	-7.7%	149,4 k €	-13.5%	172,7 k €	-10.3%	192,5 k €	-8.9%	211,2 k €	+43.3%	147,4 k €	+25.3%	117,7 k €	+32.9%	88,5 k €	+7.9%	82 k €	+22.3%	67,1 k €	+29.0%	52 k €	-14.8%	61,1 k €	+62.7%	37,5 k €	-4.7%	39,4 k €
Debts	252,2 k €	-13.9%	292,9 k €	-0.5%	294,3 k €	-15.0%	346,3 k €	-16.2%	413,4 k €	+43.5%	288,2 k €	-6.6%	308,7 k €	-14.2%	359,9 k €	-17.2%	434,9 k €	+11.8%	389,1 k €	+18.9%	327,3 k €	-19.8%	408,3 k €	+62.1%	251,9 k €	+819%	27,4 k €

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 30/06/2025 · 2 active · 5 ended

Active mandates

Emmanuela Vullo

Director

Active

Vittorio Mancuso

Director

Active

Ended mandates

Daniele MANCUSO

Manager · since 02 avril 2013 · until 01 septembre 2013

Ended

Emmanuela VULLO

Director · since 14 avril 2011

Ended

Emmanuela VULLO

Manager · since 14 avril 2011

Ended

Vittorio MANCUSO

Director · since 14 avril 2011

Ended

At this address

Other companies at this address

Company	CBE no.
FUSCO SISTERS● Active	0462.120.767
SAMVITO● Active	0769.250.085

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/01/2026	23/02/2025	29/02/2024	28/02/2023	05/01/2022	21/01/2021
General meeting	18/12/2025	10/02/2025	31/01/2024	24/02/2023	16/12/2021	17/12/2020
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	18/12/2025	23/01/2026	French	PDF
Micro model	30/06/2024	10/02/2025	23/02/2025	French	PDF
Micro model	30/06/2023	31/01/2024	29/02/2024	French	PDF
Micro model	30/06/2022	24/02/2023	28/02/2023	French	PDF
Micro model	30/06/2021	16/12/2021	05/01/2022	French	PDF
Micro model	30/06/2020	17/12/2020	21/01/2021	French	PDF
Micro model	30/06/2019	19/12/2019	28/01/2020	French	PDF
Micro model	30/06/2018	20/12/2018	21/12/2018	French	PDF
Abridged model	30/06/2017	21/12/2017	04/01/2018	French	PDF
Abridged model	30/06/2016	20/12/2016	22/12/2016	French	PDF
Abridged model	30/06/2015	17/12/2015	12/01/2016	French	PDF
Abridged model	30/06/2014	18/12/2014	12/01/2015	French	PDF
Abridged model	30/06/2013	19/12/2013	28/01/2014	French	PDF
Abridged model	30/06/2012	20/12/2012	21/12/2012	French	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 30/06/2025 · 2 active · 5 ended

Active mandates

Emmanuela Vullo

Director

Active

Vittorio Mancuso

Director

Active

Ended mandates

Daniele MANCUSO

Manager · since 02 avril 2013 · until 01 septembre 2013

Ended

Emmanuela VULLO

Director · since 14 avril 2011

Ended

Emmanuela VULLO

Manager · since 14 avril 2011

Ended

Vittorio MANCUSO

Director · since 14 avril 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other16/10/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES
PDF
Registered office29/12/2015
SIEGE SOCIAL
PDF
Mandates09/10/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates20/06/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates01/03/2013
DEMISSIONS, NOMINATIONS
PDF
Other05/05/2011
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202523 k €↑
2024
Annual accounts 2024-3,6 k €↓
2023
Annual accounts 20231,7 k €↑
2022
Annual accounts 2022-12,8 €↑
2021
Annual accounts 2021-28,3 k €↓
2020
Annual accounts 202031,1 k €↓
2019
Annual accounts 201938,5 k €↓
2018
Annual accounts 201851,5 k €↑
2017
Annual accounts 201711,6 k €↓
2016
Annual accounts 201649,6 k €↑
2015
Annual accounts 2015360 €↓
2014
Annual accounts 201441,8 k €↑
2013
Annual accounts 20139,5 k €↓
2012
Annual accounts 201237,3 k €
14/04/2011
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

VULMAN

Overview

What does VULMAN do?

Trend over 14 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