ACTIVE

VULSTEKE RECYCLING

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Financial year 2025 · Closed on 30/06/2025

Net result244,7 k €-14,7 %over 1 year

Gross margin2,2 M €-2,3 %over 1 year

Equity2,9 M €+8,7 %over 1 year

Workforce14,5 ETP-6,5 %over 1 year

Identity

Source · BCE/KBO

VULSTEKE RECYCLING is a Public limited company incorporated in 2004. Its main activity is: Sewerage. Its registered office is in Staden. It employs on average 14,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0867.862.760
Incorporation: 15/10/2004
Legal form: Public limited company
Registered office: Sint Jansstraat(STA) 124
8840 Staden · FlandreSee on map
Contributed capital: 70 000,00 €
Latest accounts: 30/06/2025
Average workforce: 14,5 ETP

Activities (NACE)

37100Sewerage· main 38210Treatment and disposal of non-hazardous waste 38322Recovery of sorted materials 49410Freight transport by road 49410Freight transport by road 60242Television programming and broadcasting activities+8

Joint committees (6)

1240
140
14003
2000
226
2260

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2,2 M €	-2.3%	2,3 M €	+4.2%	2,2 M €	+30.0%	1,7 M €	-11.4%	1,9 M €
EBITDA	1,2 M €	-1.5%	1,2 M €	-1.6%	1,2 M €	+41.1%	863,2 k €	-30.9%	1,2 M €
Operating result	342,3 k €	-12.5%	391,1 k €	-33.2%	585,5 k €	+102%	289,4 k €	-61.1%	743,7 k €
Net result	244,7 k €	-14.7%	287 k €	-38.3%	465,4 k €	+95.9%	237,6 k €	-64.2%	664,1 k €
Balance sheet
Equity	2,9 M €	+8.7%	2,7 M €	+11.5%	2,4 M €	+23.2%	2 M €	+13.2%	1,7 M €
Total assets	8,1 M €	-3.6%	8,4 M €	+5.1%	8 M €	+10.6%	7,3 M €	+7.7%	6,7 M €
Cash	642,8 k €	+63.9%	392,1 k €	-47.7%	749,2 k €	+76.7%	423,9 k €	-35.0%	651,7 k €
Debts	5 M €	-3.3%	5,2 M €	-6.7%	5,6 M €	+5.7%	5,3 M €	+5.9%	5 M €
Other
Workforce	14,5 ETP	-6.5%	15,5 ETP	+6.9%	14,5 ETP	+4.3%	13,9 ETP	+26.4%	11,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

3 active · 14 ended

Active mandates

Frederik VULSTEKE

Director

Active

Laurens VULSTEKE

Director

Active

Martin Vulsteke

Director

Active

Ended mandates

Anne marie Boutelegier

Director · since 15 avril 2017

Ended

Frederik Vulsteke

Director · since 15 avril 2017

Ended

Martin Vulsteke

Director · since 15 avril 2017

Ended

Anne marie Boutelegier

Director · since 15 avril 2011

Ended

Other companies at this address

Sint Jansstraat(STA) 124 8840 Staden

Company	CBE no.
VERVOERONDERNEMING VULSTEKE● Active	0416.548.286

Full financial information

Source · NBB

	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	01/07/2024	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	02/02/2026	29/01/2025	03/01/2024	30/01/2023	31/01/2022	27/02/2021
General meeting	26/12/2025	27/12/2024	29/12/2023	30/12/2022	31/12/2021	25/12/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	26/12/2025	02/02/2026	Dutch	PDF
Abridged model	30/06/2024	27/12/2024	29/01/2025	Dutch	PDF
Abridged model	30/06/2023	29/12/2023	03/01/2024	Dutch	PDF
Abridged model	30/06/2022	30/12/2022	30/01/2023	Dutch	PDF
Abridged model	30/06/2021	31/12/2021	31/01/2022	Dutch	PDF
Abridged model	30/06/2020	25/12/2020	27/02/2021	Dutch	PDF
Abridged model	30/06/2019	27/12/2019	07/02/2020	Dutch	PDF
Abridged model	30/06/2018	28/12/2018	30/01/2019	Dutch	PDF
Abridged model	30/06/2017	28/12/2017	31/01/2018	Dutch	PDF
Abridged model	30/06/2016	30/12/2016	30/01/2017	Dutch	PDF
Abridged model	30/06/2015	28/12/2015	26/01/2016	Dutch	PDF
Abridged model	30/06/2014	29/12/2014	27/01/2015	Dutch	PDF
Abridged model	30/06/2013	27/12/2013	14/02/2014	Dutch	PDF
Abridged model	30/06/2012	28/12/2012	06/02/2013	Dutch	PDF
Abridged model	30/06/2011	30/12/2011	10/02/2012	Dutch	PDF
Abridged model	30/06/2010	31/12/2010	07/02/2011	Dutch	PDF
Abridged model	30/06/2009	28/12/2009	04/02/2010	Dutch	PDF
Abridged model	30/06/2008	26/12/2008	05/02/2009	Dutch	PDF
Abridged model	30/06/2007	28/12/2007	27/02/2008	Dutch	PDF
Abridged model	30/06/2006	29/12/2006	28/01/2008	Dutch	PDF

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.

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.

Board of directors

Source · NBB, accounts to 30/06/2025

3 active · 14 ended

Active mandates

Frederik VULSTEKE

Director

Active

Laurens VULSTEKE

Director

Active

Martin Vulsteke

Director

Active

Ended mandates

Anne marie Boutelegier

Director · since 15 avril 2017

Ended

Frederik Vulsteke

Director · since 15 avril 2017

Ended

Martin Vulsteke

Director · since 15 avril 2017

Ended

Anne marie Boutelegier

Director · since 15 avril 2011

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates12/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/06/2011
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other21/04/2010
Adreswijziging
PDF
Mandates08/03/2005
ONTSLAGEN - BENOEMINGEN
PDF
Other27/10/2004
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 2025244,7 k €↓
2024
Annual accounts 2024287 k €↓
2023
Annual accounts 2023465,4 k €↑
2022
Annual accounts 2022237,6 k €↓
2021
Annual accounts 2021664,1 k €↑
2020
Annual accounts 2020380,8 k €↑
2019
Annual accounts 2019161,5 k €↑
2018
Annual accounts 2018102,8 k €↓
2017
Annual accounts 2017149,8 k €↑
2016
Annual accounts 201639,7 k €↑
2015
Annual accounts 201519 k €↓
2014
Annual accounts 201425,1 k €↓
2013
Annual accounts 201325,4 k €↑
2012
Annual accounts 201217,5 k €↑
2011
Annual accounts 201114,8 k €↑
2010
Annual accounts 2010410,5 €↓
2009
Annual accounts 200912,7 k €↓
2008
Annual accounts 200826,7 k €↑
2007
Annual accounts 2007-48,7 k €↓
2006
Annual accounts 200632,9 k €
15/10/2004
IncorporationPublic limited company

VULSTEKE RECYCLING

Overview

Identity

Financials

Valuation

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

Timeline