ACTIVE

URSUS

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Financial year 2025 · closed on 31/12/2025

Net result

44,3 k €

+111.4% YoY

Gross margin

3,3 M €

+26.0% YoY

Equity

1,8 M €

+1.9% YoY

Workforce

37,7 ETP

+4.4% YoY

What does URSUS do?

URSUS is a Private limited company incorporated in 2003. Its registered office is in Eeklo. It employs on average 37,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0861.513.022

Incorporation

05/11/2003

Legal form

Private limited company

Registered office

Kunstdal 19 box A
9900 Eeklo · FlandreSee on map

Contributed capital

1 623 941,32 €

Latest accounts

31/12/2025

Average workforce

37,7 ETP

Joint committees (5)

111
1110
11121
209
2090

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	3,3 M €	+26.0%	2,7 M €	+12.5%	2,4 M €	-13.9%	2,7 M €	-7.4%	3 M €	+8.0%	2,7 M €	+41.8%	1,9 M €	-11.9%	2,2 M €	+35.4%	1,6 M €	+0.6%	1,6 M €	-21.6%	2,1 M €	+5.8%	1,9 M €	+1.7%	1,9 M €	+22.3%	1,6 M €	+27.5%	1,2 M €	-7.9%	1,3 M €	+0.8%	1,3 M €	+41.2%	935,3 k €	+23.1%	759,8 k €
EBITDA	741,1 k €	+148%	298,7 k €	-22.3%	384,4 k €	-49.5%	761,5 k €	-25.3%	1 M €	+12.4%	906,5 k €	+126%	401 k €	-24.0%	527,4 k €	+581%	-109,7 k €	+68.3%	-346,3 k €	-199%	349,5 k €	+7.7%	324,4 k €	+29.4%	250,6 k €	-35.0%	385,8 k €	+12.5%	342,8 k €	-24.5%	453,8 k €	+3.5%	438,3 k €	+65.6%	264,7 k €	+34.0%	197,5 k €
Operating result	128,9 k €	+144%	-293,5 k €	-67.3%	-175,4 k €	-165%	270,4 k €	-60.1%	677,4 k €	+17.0%	578,9 k €	+359%	126,2 k €	-51.9%	262,6 k €	+157%	-459,8 k €	+12.3%	-524,4 k €	-410%	169,4 k €	+12.3%	150,8 k €	+800%	16,8 k €	-84.9%	110,7 k €	+553%	-24,5 k €	-118%	134,3 k €	-7.3%	145 k €	+87.5%	77,3 k €	+448%	14,1 k €
Net result	44,3 k €	+111%	-389,5 k €	-53.3%	-254 k €	-222%	207,4 k €	-65.5%	601,1 k €	+24.6%	482,2 k €	+1256%	35,6 k €	-65.5%	103,1 k €	+117%	-615,4 k €	+8.9%	-675,4 k €	-1280%	57,2 k €	-25.8%	77,1 k €	+192%	-83,8 k €	-383%	29,6 k €	+127%	-110,3 k €	-566%	23,7 k €	-63.5%	64,9 k €	+81.8%	35,7 k €	+361%	-13,7 k €
Balance sheet
Equity	1,8 M €	+1.9%	1,7 M €	-18.9%	2,1 M €	-11.1%	2,4 M €	+8.9%	2,2 M €	+72.3%	1,3 M €	+58.7%	801,8 k €	-1.3%	812,4 k €	+394%	-276 k €	-178%	353,9 k €	-57.1%	824,6 k €	+23.6%	667,4 k €	+62.7%	410,2 k €	-72.4%	1,5 M €	+2.0%	1,5 M €	-7.0%	1,6 M €	+1.5%	1,5 M €	+4.4%	1,5 M €	+2.5%	1,4 M €
Total assets	5,7 M €	-7.3%	6,1 M €	-9.0%	6,7 M €	-0.3%	6,7 M €	+20.5%	5,6 M €	+2.4%	5,5 M €	+13.3%	4,8 M €	-1.5%	4,9 M €	-1.1%	4,9 M €	-3.5%	5,1 M €	+79.2%	2,9 M €	-4.1%	3 M €	+3.7%	2,9 M €	-25.3%	3,8 M €	+2.2%	3,8 M €	+12.3%	3,3 M €	-0.5%	3,4 M €	+19.6%	2,8 M €	+15.9%	2,4 M €
Cash	234 k €	-67.0%	709,3 k €	+148%	286,4 k €	-55.3%	641,4 k €	-10.2%	714,5 k €	+16.5%	613,5 k €	+149%	246 k €	+217%	77,7 k €	-39.5%	128,4 k €	+88.4%	68,2 k €	-66.6%	204,2 k €	+35.0%	151,3 k €	-8.0%	164,5 k €	+12.4%	146,3 k €	-29.7%	208,2 k €	+23.7%	168,3 k €		–		66,8 k €	-18.1%	81,5 k €
Debts	3,8 M €	-11.5%	4,2 M €	-5.3%	4,5 M €	+5.6%	4,2 M €	+28.5%	3,3 M €	-17.9%	4 M €	+3.8%	3,9 M €	-2.3%	4 M €	-23.2%	5,2 M €	+9.1%	4,7 M €	+133%	2 M €	-11.0%	2,3 M €	-6.9%	2,5 M €	+4.9%	2,3 M €	+1.4%	2,3 M €	+30.0%	1,8 M €	-2.6%	1,8 M €	+36.5%	1,3 M €	+36.6%	976,8 k €
Other
Workforce	37,7 ETP	+4.4%	36,1 ETP	+21.1%	29,8 ETP	-8.0%	32,4 ETP	-4.4%	33,9 ETP	+16.5%	29,1 ETP	+5.4%	27,6 ETP	-1.4%	28,0 ETP	0.0%	28,0 ETP	-15.7%	33,2 ETP	+9.2%	30,4 ETP	-1.0%	30,7 ETP	-5.5%	32,5 ETP	+31.0%	24,8 ETP	+28.5%	19,3 ETP	-0.5%	19,4 ETP	-5.8%	20,6 ETP	+32.9%	15,5 ETP	+7.6%	14,4 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 31/12/2025 · 1 active · 22 ended

Active mandates

LUNA

Director · since 30 novembre 2017 · 0809.667.413

Represented by Jan De Paepe

Active

Ended mandates

Jan De Paepe

Manager · since 30 novembre 2017

Ended

LUNA

Manager · since 30 novembre 2017 · 0809.667.413

Represented by Jan De Paepe

Ended

Jan De Paepe

Director · since 01 juin 2014 · until 30 novembre 2017

Ended

LUNA

Managing director · since 01 juin 2014 · until 30 novembre 2017 · 0809.667.413

Represented by Jan De Paepe

Ended

At this address

Other companies at this address

Company	CBE no.
CLADIX● Active	0476.206.256
The Westbourne● Active	1034.230.232
URSUS UNIVAT● Active	0540.941.482

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	28/08/2026	29/08/2025	30/08/2024	31/08/2023	26/07/2022	23/07/2021
General meeting	26/08/2026	29/08/2025	30/08/2024	31/08/2023	26/07/2022	28/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/08/2026	28/08/2026	Dutch	PDF
Abridged model	31/12/2024	29/08/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	30/08/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	31/08/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	26/07/2022	26/07/2022	Dutch	PDF
Abridged model	31/12/2020	28/06/2021	23/07/2021	Dutch	PDF
Abridged model	31/12/2019	20/05/2020	20/05/2020	Dutch	PDF
Abridged model	31/12/2018	05/04/2019	26/04/2019	Dutch	PDF
Abridged model	31/12/2017	22/05/2018	31/05/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	29/06/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	27/06/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	25/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	23/06/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	20/07/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	18/08/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	23/07/2007	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 31/12/2025 · 1 active · 22 ended

Active mandates

LUNA

Director · since 30 novembre 2017 · 0809.667.413

Represented by Jan De Paepe

Active

Ended mandates

Jan De Paepe

Manager · since 30 novembre 2017

Ended

LUNA

Manager · since 30 novembre 2017 · 0809.667.413

Represented by Jan De Paepe

Ended

Jan De Paepe

Director · since 01 juin 2014 · until 30 novembre 2017

Ended

LUNA

Managing director · since 01 juin 2014 · until 30 novembre 2017 · 0809.667.413

Represented by Jan De Paepe

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares30/12/2020
WIJZIGING RECHTSVORM - DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/12/2017
KAPITAAL - AANDELEN - WIJZIGING RECHTSVORM
PDF
Mandates14/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares15/01/2015
KAPITAAL - AANDELEN
PDF
Restructuring15/01/2013
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - KAPITAAL - AANDELEN
PDF
Restructuring20/11/2012
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates10/02/2011
ONTSLAGEN - BENOEMINGEN
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 202544,3 k €↑
2024
Annual accounts 2024-389,5 k €↓
2023
Annual accounts 2023-254 k €↓
2022
Annual accounts 2022207,4 k €↓
2021
Annual accounts 2021601,1 k €↑
2019
Annual accounts 2019482,2 k €↑
2018
Annual accounts 201835,6 k €↓
2017
Annual accounts 2017103,1 k €↑
2016
Annual accounts 2016-615,4 k €↑
2015
Annual accounts 2015-675,4 k €↓
2014
Annual accounts 201457,2 k €↓
2013
Annual accounts 201377,1 k €↑
2012
Annual accounts 2012-83,8 k €↓
2011
Annual accounts 201129,6 k €↑
2010
Annual accounts 2010-110,3 k €↓
2009
Annual accounts 200923,7 k €↓
2008
Annual accounts 200864,9 k €↑
2007
Annual accounts 200735,7 k €↑
2006
Annual accounts 2006-13,7 k €
05/11/2003
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

URSUS

Overview

What does URSUS do?

Trend over 19 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