ACTIVE

PUL CORP

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Financial year 2025 · closed on 31/12/2025

Net result

67 k €

+1608.9% YoY

Gross margin

138,9 k €

+499.8% YoY

Equity

440,2 k €

+63.6% YoY

What does PUL CORP do?

PUL CORP is a Private limited company incorporated in 2005. Its main activity is: Passenger air transport. Its registered office is in Lummen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0874.695.421

Incorporation

27/06/2005

Legal form

Private limited company

Registered office

Hoogstraat 29
3560 Lummen · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

51100Passenger air transport· main 51100Passenger air transport 68100Buying and selling of own real estate 68110Buying and selling of own real estate 68310Real estate agencies 68311Real estate agencies+3

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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	138,9 k €	+500%	23,2 k €	-62.6%	61,9 k €	-22.5%	79,8 k €	-39.7%	132,4 k €	+429%	25 k €	+177%	-32,3 k €	-180%	40,6 k €	-63.3%	110,8 k €	+86.5%	59,4 k €	+143%	24,4 k €	+37.9%	17,7 k €	-36.1%	27,7 k €	+3.3%	26,8 k €	-28.6%	37,6 k €	+135%	16 k €	-9.8%	17,7 k €	-70.7%	60,5 k €	+501%	10,1 k €	+290%	-5,3 k €
EBITDA	134,6 k €	+580%	19,8 k €	-67.0%	59,9 k €	-18.1%	73,2 k €	-43.4%	129,4 k €	+445%	23,7 k €	+170%	-33,7 k €	-185%	39,7 k €	-63.3%	108 k €	+149%	43,4 k €	+94.1%	22,4 k €	+43.9%	15,5 k €	-39.4%	25,7 k €	+4.8%	24,5 k €	-31.3%	35,6 k €	+136%	15,1 k €	-12.7%	17,3 k €	-71.1%	59,9 k €	+560%	9,1 k €	+232%	-6,9 k €
Operating result	75,8 k €	+808%	-10,7 k €	-100%	-5,3 k €	-302%	-1,3 k €	-101%	111,7 k €	+1103%	9,3 k €	+122%	-42,8 k €	-236%	31,5 k €	-66.6%	94,1 k €	+188%	32,6 k €	+343%	7,4 k €	+1264%	539,9 €	-93.9%	8,9 k €	+92.5%	4,6 k €	-78.4%	21,3 k €	+77.9%	12 k €	-0.1%	12 k €	-77.9%	54,4 k €	+1500%	3,4 k €	+122%	-15,4 k €
Net result	67 k €	+1609%	-4,4 k €	-114%	-2,1 k €	-131%	6,6 k €	-92.4%	87 k €	+558%	13,2 k €	+134%	-38,5 k €	-260%	24 k €	-66.2%	71,1 k €	+275%	19 k €	+2165%	837,3 €	+157%	-1,5 k €	-127%	5,4 k €	+145%	-11,9 k €	-181%	14,7 k €	-57.4%	34,4 k €	+289%	8,8 k €	-77.7%	39,6 k €	+682%	5,1 k €	+135%	-14,4 k €
Balance sheet
Equity	440,2 k €	+63.6%	269,1 k €	-1.6%	273,5 k €	-0.8%	275,6 k €	+2.5%	269 k €	+42.7%	188,4 k €	+7.5%	175,2 k €	-15.6%	207,5 k €	+13.1%	183,5 k €	+63.2%	112,4 k €	+20.3%	93,5 k €	+0.9%	92,6 k €	-1.6%	94,1 k €	+6.1%	88,7 k €	-11.9%	100,6 k €	+17.1%	85,9 k €	+66.7%	51,5 k €	+20.7%	42,7 k €	+1288%	3,1 k €	+138%	-8,2 k €
Total assets	737 k €	+16.0%	635,4 k €	+3.4%	614,2 k €	+21.8%	504,1 k €	-4.6%	528,3 k €	-34.3%	804,6 k €	+100%	401,7 k €	-15.1%	472,9 k €	+84.5%	256,4 k €	-45.7%	471,9 k €	-5.2%	498 k €	+54.1%	323,3 k €	-5.1%	340,5 k €	+5.8%	321,9 k €	-7.0%	346 k €	+172%	127,2 k €	+116%	58,8 k €	-27.9%	81,5 k €	+120%	37 k €	+51.7%	24,4 k €
Cash	58,9 k €	+469%	10,4 k €	-67.8%	32,2 k €	-47.5%	61,4 k €	-34.9%	94,3 k €	+0.6%	93,8 k €	+449%	17,1 k €	+135%	7,3 k €	-57.4%	17 k €	-88.5%	147,7 k €	-4.5%	154,7 k €	+1091%	13 k €	-18.1%	15,9 k €	+259%	4,4 k €	+63.5%	2,7 k €	-85.2%	18,2 k €	-50.1%	36,5 k €	+262%	10,1 k €	+60.8%	6,3 k €	+91.8%	3,3 k €
Debts	264 k €	-27.9%	366,3 k €	+7.5%	340,7 k €	+49.1%	228,5 k €	-11.9%	259,3 k €	-57.9%	616,1 k €	+172%	226,4 k €	-14.7%	265,4 k €	+264%	72,9 k €	-79.7%	359,5 k €	-10.6%	402 k €	+74.3%	230,6 k €	-5.5%	244,1 k €	+4.7%	233,2 k €	-4.8%	244,9 k €	+508%	40,2 k €	+481%	6,9 k €	-82.2%	38,8 k €	+16.2%	33,4 k €	+3.8%	32,2 k €

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 · 5 ended

Active mandates

Hilde Claes

Mandate

Active

Ended mandates

Hilde Claes

Manager · since 01 septembre 2011

Ended

Peter Louis Marie Ulenaers

Director · since 01 juillet 2005

Ended

Peter Louis Marie Ulenaers

Manager · since 01 juillet 2005

Ended

Hilde Madeleine Jozef claes

Mandate

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	01/07/2026	11/08/2025	12/08/2024	30/08/2023	21/06/2022	16/06/2021
General meeting	01/06/2026	02/06/2025	31/05/2024	31/05/2023	31/05/2022	31/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	01/06/2026	01/07/2026	Dutch	PDF
Micro model	31/12/2024	02/06/2025	11/08/2025	Dutch	PDF
Micro model	31/12/2023	31/05/2024	12/08/2024	Dutch	PDF
Micro model	31/12/2022	31/05/2023	30/08/2023	Dutch	PDF
Micro model	31/12/2021	31/05/2022	21/06/2022	Dutch	PDF
Micro model	31/12/2020	31/05/2021	16/06/2021	Dutch	PDF
Micro model	31/12/2019	01/06/2020	27/08/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	21/08/2019	Dutch	PDF
Micro model	31/12/2017	31/05/2018	14/08/2018	Dutch	PDF
Micro model	31/12/2016	31/05/2017	09/08/2017	Dutch	PDF
Abridged model	31/12/2015	31/05/2016	23/08/2016	Dutch	PDF
Abridged model	31/12/2014	31/05/2015	14/07/2015	Dutch	PDF
Abridged modelCorrection	31/12/2013	31/05/2014	07/11/2014	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	12/08/2014	Dutch	PDF
Abridged model	31/12/2012	14/06/2013	15/07/2013	Dutch	PDF
Abridged model	31/12/2011	31/05/2012	06/07/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	26/08/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	16/08/2010	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	30/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	18/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	10/08/2007	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 · 5 ended

Active mandates

Hilde Claes

Mandate

Active

Ended mandates

Hilde Claes

Manager · since 01 septembre 2011

Ended

Peter Louis Marie Ulenaers

Director · since 01 juillet 2005

Ended

Peter Louis Marie Ulenaers

Manager · since 01 juillet 2005

Ended

Hilde Madeleine Jozef claes

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/02/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office11/02/2016
MAATSCHAPPELIJKE ZETEL
PDF
Other03/07/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL
PDF
Mandates27/10/2011
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2008
ONTSLAGEN - BENOEMINGEN
PDF
Other05/07/2005
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 202567 k €↑
2024
Annual accounts 2024-4,4 k €↓
2023
Annual accounts 2023-2,1 k €↓
2022
Annual accounts 20226,6 k €↓
2021
Annual accounts 202187 k €↑
2020
Annual accounts 202013,2 k €↑
2019
Annual accounts 2019-38,5 k €↓
2018
Annual accounts 201824 k €↓
2017
Annual accounts 201771,1 k €↑
2016
Annual accounts 201619 k €↑
2015
Annual accounts 2015837,3 €↑
2014
Annual accounts 2014-1,5 k €↓
2013
Annual accounts 20135,4 k €↑
2012
Annual accounts 2012-11,9 k €↓
2011
Annual accounts 201114,7 k €↓
2010
Annual accounts 201034,4 k €↑
2009
Annual accounts 20098,8 k €↓
2008
Annual accounts 200839,6 k €↑
2007
Annual accounts 20075,1 k €↑
2006
Annual accounts 2006-14,4 k €
27/06/2005
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

PUL CORP

Overview

What does PUL CORP 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