ACTIVE

BULOPA

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Financial year 2025 · closed on 31/12/2025

Net result

4 M €

+56.8% YoY

Gross margin

18,9 k €

-70.2% YoY

Equity

19,9 M €

+25.0% YoY

What does BULOPA do?

BULOPA is a Private limited company incorporated in 2011. Its main activity is: Management consultancy activities. Its registered office is in Rotselaar.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0842.261.193

Incorporation

23/12/2011

Legal form

Private limited company

Registered office

Stationsstraat 216
3110 Rotselaar · FlandreSee on map

Contributed capital

4 500 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive 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	18,9 k €	-70.2%	63,4 k €	-50.5%	128,1 k €	+30.5%	98,1 k €	-10.4%	109,6 k €	+34.3%	81,6 k €	-21.8%	104,3 k €	-14.5%	122 k €	+2.1%	119,5 k €	+130%	51,9 k €	-53.5%	111,6 k €	-3.7%	115,9 k €	+6.6%	108,7 k €	-72.1%	390 k €
EBITDA	17,8 k €	-71.3%	62,1 k €	-51.0%	126,8 k €	+30.5%	97,2 k €	-10.5%	108,6 k €	+34.7%	80,7 k €	-22.0%	103,4 k €	-14.6%	121,1 k €	+500%	20,2 k €	-60.4%	50,9 k €	-53.9%	110,6 k €	-3.7%	114,8 k €	+6.3%	108,1 k €	-72.2%	389,3 k €
Operating result	17,8 k €	-71.3%	62,1 k €	-51.0%	126,8 k €	+30.5%	97,2 k €	-10.5%	108,6 k €	+34.7%	80,7 k €	-22.0%	103,4 k €	-14.6%	121,1 k €	+500%	20,2 k €	-60.4%	50,9 k €	-53.9%	110,6 k €	-3.7%	114,8 k €	+6.3%	108,1 k €	-72.2%	389,3 k €
Net result	4 M €	+56.8%	2,5 M €	+14.4%	2,2 M €	+86.8%	1,2 M €	+19.9%	993 k €	-23.1%	1,3 M €	+219%	405,1 k €	-22.4%	522 k €	+43.6%	363,5 k €	+113%	170,3 k €	+26.3%	134,8 k €	-65.2%	387,3 k €	-38.9%	633,8 k €	-29.8%	903 k €
Balance sheet
Equity	19,9 M €	+25.0%	16 M €	+18.6%	13,5 M €	+19.6%	11,2 M €	+11.8%	10,1 M €	+11.0%	9,1 M €	+16.6%	7,8 M €	+2.0%	7,6 M €	+7.4%	7,1 M €	+5.4%	6,7 M €	+2.6%	6,6 M €	+2.1%	6,4 M €	+6.4%	6 M €	+11.7%	5,4 M €
Total assets	24,7 M €	+14.5%	21,6 M €	+11.5%	19,3 M €	+17.3%	16,5 M €	+13.8%	14,5 M €	+9.6%	13,2 M €	+2.8%	12,9 M €	+4.5%	12,3 M €	+1.8%	12,1 M €	+21.4%	10 M €	+2.1%	9,8 M €	+2.8%	9,5 M €	+2.1%	9,3 M €	+1.8%	9,1 M €
Cash	965,1 k €	+249%	276,6 k €	-77.4%	1,2 M €	-32.1%	1,8 M €	+52.1%	1,2 M €	+199%	397,2 k €	-0.4%	399 k €	+5.2%	379,3 k €	+61.7%	234,6 k €	+618%	32,7 k €	+26.1%	25,9 k €	-17.8%	31,5 k €	+256%	8,9 k €	-94.6%	162,9 k €
Debts	4,6 M €	-15.4%	5,4 M €	-5.8%	5,8 M €	+11.7%	5,2 M €	+18.8%	4,3 M €	+7.1%	4 M €	-18.5%	5 M €	+8.7%	4,6 M €	-6.0%	4,9 M €	+57.4%	3,1 M €	+1.8%	3 M €	-0.9%	3,1 M €	-5.9%	3,2 M €	-12.7%	3,7 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Lopa Management

Director · 0842.903.472

Represented by ROEL BUELENS

Active

Ended mandates

Lopa Management

Manager · since 13 janvier 2012 · 0842.903.472

Represented by ROEL BUELENS

Ended

ROEL BUELENS

Manager · since 23 novembre 2011 · until 13 janvier 2012

Ended

Lopa Management

Manager · 0842.903.472

Represented by ROEL BUELENS

Ended

Lopa Management

Director · 0842.903.472

Represented by Roel Buelens

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	06/05/2026	27/06/2025	10/07/2024	08/04/2023	26/07/2022	13/07/2021
General meeting	23/04/2026	26/06/2025	28/06/2024	31/03/2023	30/06/2022	30/06/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	23/04/2026	06/05/2026	Dutch	PDF
Abridged model	31/12/2024	26/06/2025	27/06/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	10/07/2024	Dutch	PDF
Abridged model	31/12/2022	31/03/2023	08/04/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	26/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	13/07/2021	Dutch	PDF
Abridged model	31/12/2019	29/06/2020	10/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	24/07/2019	Dutch	PDF
Abridged model	31/12/2017	11/06/2018	16/06/2018	Dutch	PDF
Abridged model	31/12/2016	24/02/2017	28/02/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	06/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	10/07/2015	Dutch	PDF
Abridged model	31/12/2013	28/03/2014	08/04/2014	Dutch	PDF
Abridged model	31/12/2012	11/06/2013	25/06/2013	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 1 active · 6 ended

Active mandates

Lopa Management

Director · 0842.903.472

Represented by ROEL BUELENS

Active

Ended mandates

Lopa Management

Manager · since 13 janvier 2012 · 0842.903.472

Represented by ROEL BUELENS

Ended

ROEL BUELENS

Manager · since 23 novembre 2011 · until 13 janvier 2012

Ended

Lopa Management

Manager · 0842.903.472

Represented by ROEL BUELENS

Ended

Lopa Management

Director · 0842.903.472

Represented by Roel Buelens

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/09/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/06/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other11/01/2012
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 20254 M €↑
2024
Annual accounts 20242,5 M €↑
2023
Annual accounts 20232,2 M €↑
2022
Annual accounts 20221,2 M €↑
2021
Annual accounts 2021993 k €↓
2020
Annual accounts 20201,3 M €↑
2019
Annual accounts 2019405,1 k €↓
2018
Annual accounts 2018522 k €↑
2017
Annual accounts 2017363,5 k €↑
2016
Annual accounts 2016170,3 k €↑
2015
Annual accounts 2015134,8 k €↓
2014
Annual accounts 2014387,3 k €↓
2013
Annual accounts 2013633,8 k €↓
2012
Annual accounts 2012903 k €
23/12/2011
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

BULOPA

Overview

What does BULOPA 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