ACTIVE

Kumulus

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Financial year 2025 · closed on 31/12/2025
Net result
85,2 k €
-36.6% YoY
Gross margin
709,1 k €
-3.3% YoY
Equity
627,9 k €
-11.6% YoY

What does Kumulus do?

Kumulus is a Private limited company incorporated in 2012. Its main activity is: Hotels and similar accommodation. Its registered office is in Gent.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0844.125.969
Incorporation
29/02/2012
Legal form
Private limited company
Registered office
Sint-Michielsplein 21
9000 Gent · FlandreSee on map
Latest accounts
31/12/2025
Activities (NACE)
55100Hotels and similar accommodation· main55100Hotels and similar accommodation55201Holiday and other short-stay accommodation55201Holiday and other short-stay accommodation
Joint committees (2)
  • 302
  • 30200
Signals
ProfitableSolid equityLow 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 11 financial years

20252024202320222021201820172016201520142013
Income statement
Gross margin709,1 k €733,1 k €745,7 k €675,5 k €261,5 k €305,8 k €300,5 k €276,7 k €261,8 k €231 k €79,4 k €
EBITDA202,6 k €271,2 k €295,3 k €353,7 k €71,7 k €86,5 k €141,3 k €95,2 k €95,1 k €92,5 k €30,3 k €
Operating result113,3 k €177 k €210,9 k €266,9 k €-67,7 k €2,5 k €41,4 k €9,4 k €14,6 k €17,1 k €-24 k €
Net result85,2 k €134,5 k €147,4 k €233,6 k €64,3 k €12,4 k €44,8 k €-870,7 €2,8 k €6,6 k €-37,6 k €
Balance sheet
Equity627,9 k €710,5 k €667,5 k €565,3 k €352,6 k €105 k €111,2 k €85 k €104,5 k €120,4 k €132,4 k €
Total assets1 M €1,1 M €1,1 M €1 M €823,1 k €380 k €441,5 k €362 k €395,7 k €448 k €489 k €
Cash298,7 k €206,6 k €200,1 k €521,1 k €353,8 k €167,3 k €171,4 k €61,3 k €25,7 k €31 k €57,6 k €
Debts400,8 k €412,3 k €468,9 k €468,2 k €469,4 k €274,7 k €325,2 k €276,9 k €291,2 k €327,5 k €354,8 k €
Other
Workforce––––4,1 ETP––3,6 ETP4,3 ETP2,6 ETP1,6 ETP
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 · 2 active · 3 ended

Active mandates

Seppe Vandeweerdt

Director

Active
Tine Cant

Director

Active

Ended mandates

Seppe Vandeweerdt

Mandate

Ended
Seppe Vandeweerdt

Manager

Ended
Tine Cant

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/07/202001/07/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202130/06/2020
Length of the financial year12 months12 months12 months12 months18 months12 months
Filing date14/07/202618/07/202516/07/202412/06/202321/06/202227/01/2021
General meeting30/06/202630/06/202528/06/202410/06/202311/06/202230/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/06/202614/07/2026DutchPDF
Micro model31/12/202430/06/202518/07/2025DutchPDF
Micro model31/12/202328/06/202416/07/2024DutchPDF
Micro model31/12/202210/06/202312/06/2023DutchPDF
Abridged model31/12/202111/06/202221/06/2022DutchPDF
Abridged model30/06/202030/12/202027/01/2021DutchPDF
Micro model30/06/201930/12/201929/01/2020DutchPDF
Micro model30/06/201810/11/201830/11/2018DutchPDF
Micro model30/06/201729/12/201729/01/2018DutchPDF
Abridged model30/06/201612/11/201616/11/2016DutchPDF
Abridged model30/06/201514/11/201507/01/2016DutchPDF
Abridged model30/06/201408/11/201416/12/2014DutchPDF
Abridged model30/06/201309/11/201302/01/2014DutchPDF
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 · 2 active · 3 ended

Active mandates

Seppe Vandeweerdt

Director

Active
Tine Cant

Director

Active

Ended mandates

Seppe Vandeweerdt

Mandate

Ended
Seppe Vandeweerdt

Manager

Ended
Tine Cant

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates04/06/2021
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates26/01/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other14/03/2012
    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

Timeline

  1. 2025
    Annual accounts 202585,2 k €↓
  2. 2024
    Annual accounts 2024134,5 k €↓
  3. 2023
    Annual accounts 2023147,4 k €↓
  4. 2022
    Annual accounts 2022233,6 k €↑
  5. 2021
    Annual accounts 202164,3 k €↑
  6. 2018
    Annual accounts 201812,4 k €↓
  7. 2017
    Annual accounts 201744,8 k €↑
  8. 2016
    Annual accounts 2016-870,7 €↓
  9. 2015
    Annual accounts 20152,8 k €↓
  10. 2014
    Annual accounts 20146,6 k €↑
  11. 2013
    Annual accounts 2013-37,6 k €
  12. 29/02/2012
    IncorporationPrivate limited company