ACTIVE

PERLA PROJECTS

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Financial year 2025 · closed on 31/12/2025

Net result

-7,1 k €

+70.6% YoY

Gross margin

20 k €

+349.5% YoY

Equity

4,8 k €

-34.9% YoY

What does PERLA PROJECTS do?

PERLA PROJECTS is a Private limited company incorporated in 2005. Its main activity is: Raising of dairy cattle. Its registered office is in Izegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0874.669.883

Incorporation

24/06/2005

Legal form

Private limited company

Registered office

Rumbeeksestraat 15
8870 Izegem · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

01410Raising of dairy cattle· main 81300Landscape service activities 81300Landscape service activities

Joint committees (1)

Signals

Positive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	20 k €	+350%	4,5 k €	+48.4%	3 k €	+45.0%	2,1 k €	+213%	-1,8 k €	-101%	209,7 k €	+31.0%	160,1 k €	+2.0%	156,9 k €	+14.8%	136,7 k €	-9.7%	151,3 k €	+6.8%	141,8 k €	-2.5%	145,4 k €	+21.6%	119,6 k €	+35.6%	88,2 k €	-14.6%	103,3 k €	-18.2%	126,2 k €	+70.5%	74 k €	+11.5%	66,4 k €	+25.0%	53,1 k €	-27.7%	73,4 k €
EBITDA	17,4 k €	+805%	1,9 k €	+589%	279,6 €	+230%	-215 €	+95.6%	-4,9 k €	-103%	186,8 k €	+63.1%	114,6 k €	+26.7%	90,5 k €	+21.1%	74,7 k €	+2.1%	73,1 k €	-5.7%	77,6 k €	-1.5%	78,7 k €	+45.1%	54,2 k €	+4.4%	51,9 k €	+10.5%	47 k €	-41.2%	80 k €	+51.1%	52,9 k €	+0.9%	52,4 k €	+97.0%	26,6 k €	-54.4%	58,4 k €
Operating result	-1,6 k €	+90.9%	-17,5 k €	+42.9%	-30,7 k €	+1.6%	-31,2 k €	+21.0%	-39,5 k €	-126%	153,1 k €	+140%	63,7 k €	+50.2%	42,4 k €	+99.6%	21,3 k €	+5.1%	20,2 k €	-8.0%	22 k €	+16.1%	19 k €	+142%	7,8 k €	-64.4%	21,9 k €	+52.8%	14,3 k €	-45.7%	26,4 k €	+8374%	311,8 €	-98.8%	25,3 k €	+447322%	-5,7 €	-100%	24,8 k €
Net result	-7,1 k €	+70.6%	-24,1 k €	+37.0%	-38,3 k €	+1.6%	-38,9 k €	+19.4%	-48,3 k €	-148%	99,6 k €	+152%	39,6 k €	+60.8%	24,6 k €	+321%	5,9 k €	+2.3%	5,7 k €	+25.7%	4,5 k €	+134%	-13,5 k €	-176%	-4,9 k €	-142%	-2 k €	-243%	1,4 k €	+118%	648,9 €	+103%	-19,5 k €	-286%	10,5 k €	+166%	-15,9 k €	-6772%	238,5 €
Balance sheet
Equity	4,8 k €	-34.9%	7,4 k €	-76.4%	31,5 k €	-54.8%	69,8 k €	-36.3%	109,6 k €	-30.9%	158,7 k €	+165%	59,9 k €	+182%	21,2 k €	+4883%	-443,7 €	+86.7%	-3,3 k €	+45.3%	-6,1 k €	+20.7%	-7,7 k €	-187%	8,8 k €	+13.1%	7,8 k €	+528%	-1,8 k €	-56.4%	-1,2 k €	-549%	260 €	-75.4%	1,1 k €	+111%	-9,4 k €	-245%	6,5 k €
Total assets	128,4 k €	-3.6%	133,1 k €	-26.1%	180,2 k €	-24.0%	237 k €	-26.2%	321,1 k €	-21.6%	409,7 k €	-2.2%	419,1 k €	-0.1%	419,4 k €	+3.9%	403,5 k €	-8.0%	438,4 k €	-7.2%	472,5 k €	-11.6%	534,6 k €	-1.0%	540,1 k €	-3.9%	561,9 k €	+1.4%	554,3 k €	+2.8%	539,4 k €	-3.5%	559,3 k €	+137%	235,6 k €	-11.3%	265,7 k €	-10.5%	296,8 k €
Cash	16,2 k €	+748%	1,9 k €	-93.5%	29,5 k €	-46.7%	55,4 k €	-48.3%	107,3 k €	-32.8%	159,6 k €	+73.8%	91,8 k €	+35.4%	67,8 k €	+81.3%	37,4 k €	-8.3%	40,8 k €	+7.9%	37,8 k €	+35.3%	27,9 k €	+46.3%	19,1 k €	+231%	5,8 k €	+108%	2,8 k €	+6.3%	2,6 k €	+3775%	67,4 €	+55.6%	43,3 €	-81.1%	228,8 €	+1342%	15,9 €
Debts	123,6 k €	-1.0%	124,8 k €	-16.0%	148,6 k €	-11.1%	167,2 k €	-20.9%	211,5 k €	-15.8%	251 k €	-30.1%	359,2 k €	-9.8%	398,2 k €	-1.4%	403,9 k €	-8.6%	441,7 k €	-7.7%	478,6 k €	-11.7%	542,3 k €	+2.1%	531,2 k €	-4.1%	554,1 k €	-0.4%	556,2 k €	+2.9%	540,6 k €	-3.1%	557,7 k €	+139%	233,5 k €	-14.8%	274,2 k €	-5.6%	290,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		2,0 ETP	0.0%	2,0 ETP	-4.8%	2,1 ETP	+75.0%	1,2 ETP	-33.3%	1,8 ETP	0.0%	1,8 ETP	+125%	0,8 ETP	+167%	0,3 ETP	-70.0%	1,0 ETP	+100%	0,5 ETP

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 · 2 active · 8 ended

Active mandates

Carlos Masschelin

Director

Active

Kathleen Lannoo

Director

Active

Ended mandates

Carlos Masschelin

Director · since 13 juin 2005

Ended

Carlos Masschelin

Administrator - manager · since 13 juin 2005

Ended

Carlos Masschelin

Manager · since 13 juin 2005

Ended

Kathleen Lannoo

Manager · since 13 juin 2005

Ended

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	01/06/2026	29/08/2025	30/08/2024	31/05/2023	22/08/2022	09/07/2021
General meeting	30/05/2026	31/05/2025	25/05/2024	27/05/2023	28/05/2022	29/05/2021
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
Micro model	31/12/2025	30/05/2026	01/06/2026	Dutch	PDF
Micro model	31/12/2024	31/05/2025	29/08/2025	Dutch	PDF
Micro model	31/12/2023	25/05/2024	30/08/2024	Dutch	PDF
Micro model	31/12/2022	27/05/2023	31/05/2023	Dutch	PDF
Micro model	31/12/2021	28/05/2022	22/08/2022	Dutch	PDF
Micro model	31/12/2020	29/05/2021	09/07/2021	Dutch	PDF
Micro model	31/12/2019	30/05/2020	09/09/2020	Dutch	PDF
Micro model	31/12/2018	25/05/2019	22/08/2019	Dutch	PDF
Micro model	31/12/2017	26/05/2018	29/08/2018	Dutch	PDF
Micro model	31/12/2016	27/05/2017	25/08/2017	Dutch	PDF
Abridged model	31/12/2015	28/05/2016	14/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/05/2015	21/08/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	25/05/2013	03/07/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	11/07/2012	Dutch	PDF
Abridged model	31/12/2010	28/05/2011	29/06/2011	Dutch	PDF
Abridged model	31/12/2009	29/05/2010	19/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/05/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	26/06/2007	Dutch	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 · 2 active · 8 ended

Active mandates

Carlos Masschelin

Director

Active

Kathleen Lannoo

Director

Active

Ended mandates

Carlos Masschelin

Director · since 13 juin 2005

Ended

Carlos Masschelin

Administrator - manager · since 13 juin 2005

Ended

Carlos Masschelin

Manager · since 13 juin 2005

Ended

Kathleen Lannoo

Manager · since 13 juin 2005

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/01/2021
ONTSLAGEN - BENOEMINGEN
PDF
Registered office16/06/2010
MAATSCHAPPELIJKE ZETEL
PDF
Other04/07/2005
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

2025
Annual accounts 2025-7,1 k €↑
2024
Annual accounts 2024-24,1 k €↑
2023
Annual accounts 2023-38,3 k €↑
2023
Name changePerla Projects BV
2022
Annual accounts 2022-38,9 k €↑
2021
Annual accounts 2021-48,3 k €↓
2021
Name changeTuinen Masschelin
2020
Annual accounts 202099,6 k €↑
2019
Annual accounts 201939,6 k €↑
2018
Annual accounts 201824,6 k €↑
2017
Annual accounts 20175,9 k €↑
2016
Annual accounts 20165,7 k €↑
2015
Annual accounts 20154,5 k €↑
2014
Annual accounts 2014-13,5 k €↓
2013
Annual accounts 2013-4,9 k €↓
2012
Annual accounts 2012-2 k €↓
2011
Annual accounts 20111,4 k €↑
2010
Annual accounts 2010648,9 €↑
2009
Annual accounts 2009-19,5 k €↓
2008
Annual accounts 200810,5 k €↑
2007
Annual accounts 2007-15,9 k €↓
2006
Annual accounts 2006238,5 €
24/06/2005
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

PERLA PROJECTS

Overview

What does PERLA PROJECTS do?

Trend over 20 financial years

Indicative valuation

Board of directors

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