PUPIL
0863.453.022 · rovalta.com · 21/09/2026
ACTIVE
PUPIL
Financial year 2025 · closed on 31/12/2025
Net result
205,7 k €
-10.7% YoY
Gross margin
348,3 k €
+4.4% YoY
Equity
1,2 M €
-23.4% YoY
Overview
What does PUPIL do?
PUPIL is a Private limited company incorporated in 2004. Its main activity is: Manufacture of optical instruments and photographic equipment. Its registered office is in Aalst.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0863.453.022
Incorporation
16/02/2004
Legal form
Private limited company
Registered office
De Ridderstraat 5
9300 Aalst · FlandreSee on map
9300 Aalst · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
26700Manufacture of optical instruments and photographic equipment· main26700Manufacture of optical instruments and photographic equipment33402Repair and installation of machinery and equipment47742Retail sale of medical and orthopaedic goods in specialised stores47782Other retail sale of new goods in specialised stores23150Manufacture of glass and glass products+8
Joint committees (2)
- 100
- 201
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | 348,3 k € | +4.4% | 333,6 k € | -3.1% | 344,1 k € | +11.9% | 307,4 k € | +6.8% | 287,9 k € | +8.0% | 266,7 k € | +6.0% | 251,5 k € | -5.0% | 264,6 k € | +8.7% | 243,5 k € | +48.5% | 163,9 k € | -3.0% | 169,1 k € | +51.5% | 111,6 k € | -32.8% | 166,1 k € | +0.0% | 166,1 k € | +13.4% | 146,5 k € | +47.5% | 99,3 k € | -14.3% | 115,9 k € | +13.0% | 102,6 k € | +6.8% | 96 k € |
| EBITDA | 307,4 k € | +3.9% | 295,9 k € | -4.2% | 308,8 k € | +12.4% | 274,7 k € | +8.3% | 253,7 k € | +7.4% | 236,1 k € | +11.4% | 212,1 k € | -7.8% | 230,1 k € | +7.6% | 213,8 k € | +40.8% | 151,8 k € | +0.8% | 150,7 k € | +52.5% | 98,8 k € | -40.8% | 166,9 k € | +13.8% | 146,7 k € | +14.5% | 128,1 k € | +57.8% | 81,2 k € | -25.2% | 108,5 k € | +7.6% | 100,8 k € | +13.8% | 88,6 k € |
| Operating result | 292,8 k € | +3.8% | 282,1 k € | -6.9% | 303,1 k € | +12.7% | 268,9 k € | +8.3% | 248,3 k € | +7.3% | 231,3 k € | +11.0% | 208,4 k € | -8.2% | 227 k € | +7.8% | 210,7 k € | +45.2% | 145,1 k € | +2.1% | 142,1 k € | +58.4% | 89,7 k € | -37.9% | 144,4 k € | +20.4% | 120 k € | +22.2% | 98,2 k € | +87.3% | 52,4 k € | -35.9% | 81,7 k € | +2.1% | 80,1 k € | +11.1% | 72,1 k € |
| Net result | 205,7 k € | -10.7% | 230,4 k € | +15.9% | 198,7 k € | +10.7% | 179,5 k € | +25.7% | 142,8 k € | -13.3% | 164,6 k € | +11.7% | 147,4 k € | -12.6% | 168,7 k € | +25.7% | 134,2 k € | +33.7% | 100,4 k € | +4.1% | 96,4 k € | +44.5% | 66,7 k € | -33.5% | 100,3 k € | +27.9% | 78,5 k € | +3.2% | 76 k € | +22.2% | 62,2 k € | -16.7% | 74,7 k € | +31.9% | 56,6 k € | -3.7% | 58,8 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 1,2 M € | -23.4% | 1,5 M € | +9.4% | 1,4 M € | +4.9% | 1,3 M € | -6.5% | 1,4 M € | +11.2% | 1,3 M € | +14.8% | 1,1 M € | -6.6% | 1,2 M € | +16.5% | 1 M € | +15.1% | 886,5 k € | +12.8% | 786,1 k € | +14.0% | 689,7 k € | +73.5% | 397,5 k € | -27.4% | 547,6 k € | +16.7% | 469,2 k € | +19.3% | 393,2 k € | +18.8% | 330,9 k € | +29.1% | 256,3 k € | +28.3% | 199,7 k € |
| Total assets | 1,8 M € | +5.1% | 1,7 M € | -10.3% | 1,9 M € | +12.8% | 1,7 M € | +9.7% | 1,5 M € | +10.2% | 1,4 M € | +16.6% | 1,2 M € | -3.6% | 1,2 M € | +14.1% | 1,1 M € | +12.7% | 954,6 k € | +10.5% | 863,8 k € | +13.0% | 764,4 k € | +3.2% | 740,6 k € | +17.3% | 631,1 k € | +14.3% | 552,1 k € | +14.1% | 483,9 k € | +2.9% | 470,3 k € | +27.6% | 368,5 k € | +27.5% | 289 k € |
| Cash | 938,2 k € | -18.6% | 1,2 M € | +33.7% | 862,2 k € | -37.2% | 1,4 M € | +8.3% | 1,3 M € | +14.3% | 1,1 M € | +32.3% | 838,5 k € | +19.4% | 702,4 k € | +18.4% | 593,5 k € | +22.3% | 485,2 k € | +12.8% | 430,3 k € | +24.1% | 346,7 k € | +23.1% | 281,6 k € | +1.2% | 278,4 k € | +3.0% | 270,2 k € | +33.9% | 201,8 k € | -18.4% | 247,5 k € | +14.1% | 216,9 k € | +31.7% | 164,7 k € |
| Debts | 598,7 k € | +263% | 164,8 k € | -66.3% | 488,9 k € | +43.7% | 340,3 k € | +238% | 100,8 k € | -2.3% | 103,1 k € | +43.4% | 71,9 k € | +90.0% | 37,8 k € | -31.3% | 55,1 k € | -19.1% | 68,1 k € | -12.3% | 77,7 k € | +3.9% | 74,8 k € | -78.2% | 343,1 k € | +311% | 83,5 k € | +0.7% | 83 k € | -8.6% | 90,8 k € | -34.9% | 139,4 k € | +24.2% | 112,2 k € | +25.5% | 89,4 k € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | 0,4 ETP | +33.3% | 0,3 ETP | – | – | – | – | – | – | 0,2 ETP | |||||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active
Active mandates
Liesbeth Van Der Elst
ActiveFinancials
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 | 23/07/2026 | 25/07/2025 | 30/08/2024 | 20/07/2023 | 30/08/2022 | 27/08/2021 |
| General meeting | 26/06/2026 | 27/06/2025 | 28/06/2024 | 30/06/2023 | 24/06/2022 | 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 26/06/2026 | 23/07/2026 | Dutch | |
| Micro model | 31/12/2024 | 27/06/2025 | 25/07/2025 | Dutch | |
| Micro model | 31/12/2023 | 28/06/2024 | 30/08/2024 | Dutch | |
| Micro model | 31/12/2022 | 30/06/2023 | 20/07/2023 | Dutch | |
| Micro model | 31/12/2021 | 24/06/2022 | 30/08/2022 | Dutch | |
| Micro model | 31/12/2020 | 25/06/2021 | 27/08/2021 | Dutch | |
| Micro model | 31/12/2019 | 26/06/2020 | 31/08/2020 | Dutch | |
| Micro model | 31/12/2018 | 28/06/2019 | 27/08/2019 | Dutch | |
| Micro model | 31/12/2017 | 29/06/2018 | 31/08/2018 | Dutch | |
| Micro model | 31/12/2016 | 30/06/2017 | 31/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 24/06/2016 | 31/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 26/06/2015 | 26/08/2015 | Dutch | |
| Abridged model | 31/12/2013 | 27/06/2014 | 27/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 28/06/2013 | 26/08/2013 | Dutch | |
| Abridged model | 31/12/2011 | 29/06/2012 | 27/08/2012 | Dutch | |
| Abridged model | 31/12/2010 | 24/06/2011 | 20/07/2011 | Dutch | |
| Abridged model | 31/12/2009 | 25/06/2010 | 27/08/2010 | Dutch | |
| Abridged model | 31/12/2008 | 26/06/2009 | 21/08/2009 | Dutch | |
| Abridged model | 31/12/2007 | 27/06/2008 | 09/07/2008 | Dutch | |
| Abridged model | 31/12/2006 | 29/06/2007 | 12/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 2,5 M€ and 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active
Active mandates
Liesbeth Van Der Elst
ActiveShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025205,7 k €↓
- 2024Annual accounts 2024230,4 k €↑
- 2023Annual accounts 2023198,7 k €↑
- 2022Annual accounts 2022179,5 k €↑
- 2021Annual accounts 2021142,8 k €↓
- 2020Annual accounts 2020164,6 k €↑
- 2019Annual accounts 2019147,4 k €↓
- 2018Annual accounts 2018168,7 k €↑
- 2017Annual accounts 2017134,2 k €↑
- 2016Annual accounts 2016100,4 k €↑
- 2015Annual accounts 201596,4 k €↑
- 2014Annual accounts 201466,7 k €↓
- 2013Annual accounts 2013100,3 k €↑
- 2012Annual accounts 201278,5 k €↑
- 2011Annual accounts 201176 k €↑
- 2010Annual accounts 201062,2 k €↓
- 2009Annual accounts 200974,7 k €↑
- 2008Annual accounts 200856,6 k €↓
- 2007Annual accounts 200758,8 k €
- 16/02/2004IncorporationPrivate limited company