ACTIVE

RELENTLESS CAPITAL

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Financial year 2025 · closed on 31/12/2025

Net result

51,2 k €

+92.6% YoY

Gross margin

187,7 k €

+39.5% YoY

Equity

204,3 k €

+33.5% YoY

What does RELENTLESS CAPITAL do?

RELENTLESS CAPITAL is a Public limited company incorporated in 2005. Its registered office is in Zaventem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0873.538.745

Incorporation

28/04/2005

Legal form

Public limited company

Registered office

Da Vincilaan 2 box 243
1930 Zaventem · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	187,7 k €	+39.5%	134,6 k €	-19.1%	166,4 k €	+91.0%	87,1 k €	-39.3%	143,5 k €	-65.4%	414,5 k €	+27.7%	324,6 k €	+65.0%	196,8 k €	+65.6%	118,8 k €	+53.7%	77,3 k €	-70.3%	260,1 k €	-16.9%	312,8 k €	+3.0%	303,6 k €	+7.6%	282,1 k €	+10.0%	256,4 k €	+0.6%	254,9 k €	+2.4%	249,1 k €	-9.2%	274,2 k €	+111%	129,7 k €
EBITDA	160,9 k €	+48.4%	108,4 k €	-23.2%	141,1 k €	+120%	64,2 k €	-47.0%	121,1 k €	-69.2%	393,4 k €	+28.4%	306,4 k €	+71.0%	179,1 k €	+77.6%	100,8 k €	+69.5%	59,5 k €	-75.4%	242,1 k €	-17.8%	294,7 k €	+2.9%	286,5 k €	+7.6%	266,2 k €	+10.4%	241,1 k €	+0.6%	239,6 k €	+2.4%	234 k €	-9.8%	259,4 k €	+107%	125,2 k €
Operating result	94,9 k €	+61.3%	58,8 k €	-21.7%	75,1 k €	+4165%	-1,8 k €	-103%	55,1 k €	-83.2%	327,4 k €	+36.2%	240,3 k €	+112%	113,1 k €	+225%	34,8 k €	+635%	-6,5 k €	-104%	176,1 k €	-23.0%	228,7 k €	+3.7%	220,5 k €	+10.1%	200,2 k €	+13.9%	175,8 k €	+1.0%	174 k €	+3.3%	168,5 k €	-12.8%	193,2 k €	+228%	59 k €
Net result	51,2 k €	+92.6%	26,6 k €	-29.5%	37,7 k €	+290%	-19,8 k €	-153%	37,4 k €	-83.1%	221,2 k €	+24.5%	177,7 k €	+131%	76,9 k €	+206%	25,1 k €	+203%	-24,5 k €	-124%	102,2 k €	-23.1%	132,8 k €	+8.0%	122,9 k €	+16.3%	105,7 k €	+53.9%	68,6 k €	+57.8%	43,5 k €	+148%	17,5 k €	-81.9%	97 k €	+1223%	-8,6 k €
Balance sheet
Equity	204,3 k €	+33.5%	153 k €	+21.0%	126,4 k €	+42.5%	88,7 k €	-81.1%	468,6 k €	+6.9%	438,3 k €	+5.1%	417,1 k €	-43.6%	739,4 k €	+11.6%	662,4 k €	+3.9%	637,3 k €	-3.7%	661,8 k €	+18.3%	559,6 k €	+31.1%	426,9 k €	+40.4%	303,9 k €	+53.3%	198,3 k €	+52.9%	129,6 k €	+50.5%	86,2 k €	+25.5%	68,6 k €	+342%	-28,4 k €
Total assets	1,2 M €	-3.3%	1,2 M €	-1.1%	1,2 M €	-25.9%	1,7 M €	-9.9%	1,9 M €	-18.2%	2,3 M €	+7.5%	2,1 M €	+10.2%	1,9 M €	+2.9%	1,9 M €	-11.6%	2,1 M €	+0.6%	2,1 M €	-1.6%	2,1 M €	-2.8%	2,2 M €	+4.0%	2,1 M €	-3.5%	2,2 M €	-2.1%	2,2 M €	-3.8%	2,3 M €	-6.4%	2,5 M €	+1.7%	2,4 M €
Cash	47,8 k €	+118%	21,9 k €	-37.0%	34,8 k €	-19.3%	43,2 k €	-2.8%	44,4 k €	+16.7%	38,1 k €	-16.9%	45,8 k €	-38.1%	74 k €	-61.1%	190,2 k €	-47.9%	364,8 k €	+48.7%	245,3 k €		–		220,2 k €	+105%	107,5 k €	+189%	37,2 k €	+325%	8,8 k €	-41.8%	15 k €	-84.3%	95,8 k €	+4979%	1,9 k €
Debts	982,2 k €	-8.4%	1,1 M €	-3.6%	1,1 M €	-27.7%	1,5 M €	+10.6%	1,4 M €	-24.2%	1,8 M €	+8.0%	1,7 M €	+44.0%	1,2 M €	-2.1%	1,2 M €	-18.1%	1,5 M €	+2.3%	1,4 M €	-8.7%	1,6 M €	-10.6%	1,8 M €	-2.6%	1,8 M €	-8.7%	2 M €	-4.8%	2,1 M €	-5.9%	2,2 M €	-8.5%	2,4 M €	-2.3%	2,5 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 23 ended

Active mandates

BUILDING INVESTMENT PROJECTS

Mandate · 0434.755.582

Represented by Bernard Van Canneyt

Active

Ended mandates

Ann-Marie De Sonville

Mandate · since 05 décembre 2019

Ended

Anne-Marie De Sonville

Director · since 05 décembre 2019 · until 07 novembre 2023

Ended

Emily De Baets

Mandate · since 05 décembre 2019

Ended

Emily De Baets

Director · since 05 décembre 2019 · until 07 novembre 2023

Ended

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Annual accounts

Full financial information

	2025	2024	2024	2023	2022	2021
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro model
Start of the financial year	01/01/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/12/2025	31/12/2024	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	9 months	12 months	12 months	12 months	12 months
Filing date	06/07/2026	06/07/2025	19/03/2025	30/08/2023	29/07/2022	21/09/2021
General meeting	30/06/2026	30/06/2025	14/09/2024	28/08/2023	20/06/2022	14/09/2021
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	30/06/2026	06/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	06/07/2025	Dutch	PDF
Abridged model	31/03/2024	14/09/2024	19/03/2025	Dutch	PDF
Abridged model	31/03/2023	28/08/2023	30/08/2023	Dutch	PDF
Abridged model	31/03/2022	20/06/2022	29/07/2022	Dutch	PDF
Micro model	31/03/2021	14/09/2021	21/09/2021	Dutch	PDF
Abridged model	31/03/2020	14/09/2020	23/09/2020	Dutch	PDF
Abridged model	31/03/2019	14/09/2019	24/09/2019	Dutch	PDF
Abridged model	31/03/2018	14/09/2018	31/10/2018	Dutch	PDF
Abridged model	31/03/2017	14/09/2017	27/09/2017	French	PDF
Abridged model	31/03/2016	14/09/2016	05/10/2016	French	PDF
Abridged model	31/03/2015	14/09/2015	30/11/2015	French	PDF
Abridged model	31/03/2014	14/09/2014	24/09/2014	French	PDF
Abridged model	31/03/2013	14/09/2013	26/09/2013	French	PDF
Abridged model	31/03/2012	14/09/2012	24/09/2012	French	PDF
Abridged model	31/03/2011	14/09/2011	19/09/2011	French	PDF
Abridged model	31/03/2010	14/09/2010	23/09/2010	French	PDF
Abridged model	31/03/2009	14/09/2009	29/09/2009	French	PDF
Abridged model	31/03/2008	14/09/2008	06/11/2008	French	PDF
Abridged model	31/03/2007	14/09/2007	02/10/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 23 ended

Active mandates

BUILDING INVESTMENT PROJECTS

Mandate · 0434.755.582

Represented by Bernard Van Canneyt

Active

Ended mandates

Ann-Marie De Sonville

Mandate · since 05 décembre 2019

Ended

Anne-Marie De Sonville

Director · since 05 décembre 2019 · until 07 novembre 2023

Ended

Emily De Baets

Mandate · since 05 décembre 2019

Ended

Emily De Baets

Director · since 05 décembre 2019 · until 07 novembre 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/10/2025
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other03/03/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates10/06/2024
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/11/2017
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Capital / shares08/02/2012
CAPITAL, ACTIONS - ANNEE COMPTABLE
PDF
Mandates21/11/2011
DEMISSIONS, NOMINATIONS
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 202551,2 k €↑
2024
Annual accounts 202426,6 k €↓
2024
Annual accounts 202437,7 k €↑
2023
Annual accounts 2023-19,8 k €↓
2022
Annual accounts 202237,4 k €↓
2020
Annual accounts 2020221,2 k €↑
2019
Annual accounts 2019177,7 k €↑
2018
Annual accounts 201876,9 k €↑
2017
Annual accounts 201725,1 k €↑
2016
Annual accounts 2016-24,5 k €↓
2015
Annual accounts 2015102,2 k €↓
2014
Annual accounts 2014132,8 k €↑
2013
Annual accounts 2013122,9 k €↑
2012
Annual accounts 2012105,7 k €↑
2011
Annual accounts 201168,6 k €↑
2010
Annual accounts 201043,5 k €↑
2009
Annual accounts 200917,5 k €↓
2008
Annual accounts 200897 k €↑
2007
Annual accounts 2007-8,6 k €
28/04/2005
IncorporationPublic 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

RELENTLESS CAPITAL

Overview

What does RELENTLESS CAPITAL 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