ACTIVE

Kubel

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Financial year 2024 · closed on 31/12/2024

Net result

61,1 k €

+11.0% YoY

Gross margin

-8,7 k €

+11.5% YoY

Equity

1,5 M €

+4.1% YoY

What does Kubel do?

Kubel is a Public limited company incorporated in 2006. Its registered office is in Ieper.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0885.846.857

Incorporation

20/12/2006

Legal form

Public limited company

Registered office

Zwaanhofweg 10
8900 Ieper · FlandreSee on map

Contributed capital

311 500,00 €

Latest accounts

31/12/2024

Signals

ProfitableSolid equityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	-8,7 k €	+11.5%	-9,8 k €	-12.6%	-8,7 k €	-7.2%	-8,1 k €	+0.4%	-8,1 k €	-100%	7,2 M €	+45390%	-16 k €	+32.6%	-23,7 k €	-122%	109,4 k €	+34642%	-316,6 €	+91.9%	-3,9 k €	-24.5%	-3,1 k €	+55.4%	-7,1 k €	+48.8%	-13,8 k €	-185%	-4,8 k €	+57.5%	-11,4 k €	+35.0%	-17,5 k €
EBITDA	-9,8 k €	+10.1%	-10,9 k €	-12.3%	-9,7 k €	-6.5%	-9,1 k €	+0.3%	-9,1 k €	-100%	7,2 M €	+8719%	-83,8 k €	-223%	-26 k €	-124%	107,3 k €	+7784%	-1,4 k €	+72.1%	-5 k €	-18.4%	-4,2 k €	+53.6%	-9,1 k €	+39.3%	-15 k €	-156%	-5,9 k €	+57.2%	-13,7 k €	+23.8%	-18 k €
Operating result	-9,8 k €	+10.1%	-10,9 k €	-12.3%	-9,7 k €	-6.5%	-9,1 k €	+0.3%	-9,1 k €	-100%	7,2 M €	+8719%	-83,8 k €	-223%	-26 k €	-124%	107,3 k €	+7784%	-1,4 k €	+72.1%	-5 k €	-18.4%	-4,2 k €	+53.6%	-9,1 k €	+39.3%	-15 k €	-156%	-5,9 k €	+57.2%	-13,7 k €	+23.8%	-18 k €
Net result	61,1 k €	+11.0%	55 k €	+370%	11,7 k €	-50.4%	23,6 k €	-51.0%	48,2 k €	-99.1%	5,5 M €	+3751%	-150,2 k €	-1202%	13,6 k €	+112%	-115,7 k €	+27.2%	-159 k €	-2.8%	-154,6 k €	-4.1%	-148,5 k €	+16.6%	-178 k €	+9.8%	-197,4 k €	-60.1%	-123,3 k €	+35.3%	-190,6 k €	+57.9%	-452,7 k €
Balance sheet
Equity	1,5 M €	+4.1%	1,5 M €	+3.9%	1,4 M €	+0.8%	1,4 M €	+1.7%	1,4 M €	+3.6%	1,3 M €	+182%	-1,6 M €	-10.1%	-1,5 M €	+0.9%	-1,5 M €	-8.3%	-1,4 M €	-12.9%	-1,2 M €	-14.3%	-1,1 M €	-16.0%	-930 k €	+7.2%	-1 M €	-24.5%	-804,5 k €	-18.1%	-681,3 k €	-38.8%	-490,7 k €
Total assets	1,6 M €	+4.1%	1,5 M €	+5.2%	1,4 M €	+0.1%	1,4 M €	-55.7%	3,3 M €	+1.6%	3,2 M €	-34.0%	4,9 M €	+1.9%	4,8 M €	-38.5%	7,7 M €	+20.5%	6,4 M €	+19.2%	5,4 M €	+6.1%	5,1 M €	-0.0%	5,1 M €	+1.2%	5 M €	+7.0%	4,7 M €	-22.8%	6,1 M €	-2.2%	6,2 M €
Cash	642,2 €	+33.9%	479,6 €	-8.9%	526,4 €	-92.5%	7 k €	+341%	1,6 k €	-97.5%	62,9 k €	+663%	8,2 k €	+35.4%	6,1 k €	+0.9%	6 k €	+3036%	192,4 €	-94.6%	3,6 k €	+790%	402,5 €	-93.1%	5,8 k €		–		–		–		–
Debts	40,7 k €	+4.8%	38,8 k €	+109%	18,6 k €	-36.7%	29,3 k €	-98.4%	1,9 M €	+0.1%	1,9 M €	-71.3%	6,5 M €	+9.4%	5,9 M €	-35.1%	9,1 M €	+17.0%	7,8 M €	+18.0%	6,6 M €	+7.5%	6,2 M €	+2.5%	6 M €	-0.2%	6 M €	+9.5%	5,5 M €	-18.5%	6,8 M €	+0.7%	6,7 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 18 ended

Active mandates

Michael Gheysens

Director · since 30 novembre 2023 · until 29 novembre 2029

Active

Paul Gheysens

Chairman of the board of directors · since 30 novembre 2023 · until 29 novembre 2029

Active

Ended mandates

Michael Gheysens

Director · since 07 juin 2022 · until 05 juin 2028

Ended

Paul Gheysens

Chairman of the board of directors · since 07 juin 2022 · until 05 juin 2028

Ended

Simon Gheysens

Director · since 07 juin 2022 · until 05 juin 2028

Ended

Michael Gheysens

Director · since 19 août 2016 · until 06 juin 2022

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/07/2025	21/06/2024	05/07/2023	29/06/2022	13/07/2021	09/07/2020
General meeting	30/06/2025	03/06/2024	07/06/2023	07/06/2022	07/06/2021	25/06/2020
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

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	30/06/2025	07/07/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	21/06/2024	Dutch	PDF
Abridged model	31/12/2022	07/06/2023	05/07/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	29/06/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	13/07/2021	Dutch	PDF
Abridged model	31/12/2019	25/06/2020	09/07/2020	Dutch	PDF
Abridged model	31/12/2018	25/06/2019	11/07/2019	Dutch	PDF
Abridged model	31/12/2017	25/06/2018	06/07/2018	Dutch	PDF
Abridged model	31/12/2016	24/06/2017	19/07/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	04/07/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	03/07/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	25/06/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	21/06/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	16/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	07/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	01/07/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 18 ended

Active mandates

Michael Gheysens

Director · since 30 novembre 2023 · until 29 novembre 2029

Active

Paul Gheysens

Chairman of the board of directors · since 30 novembre 2023 · until 29 novembre 2029

Active

Ended mandates

Michael Gheysens

Director · since 07 juin 2022 · until 05 juin 2028

Ended

Paul Gheysens

Chairman of the board of directors · since 07 juin 2022 · until 05 juin 2028

Ended

Simon Gheysens

Director · since 07 juin 2022 · until 05 juin 2028

Ended

Michael Gheysens

Director · since 19 août 2016 · until 06 juin 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/01/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/01/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2020
ONTSLAGEN - BENOEMINGEN
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

2024
Annual accounts 202461,1 k €↑
2023
Annual accounts 202355 k €↑
2022
Annual accounts 202211,7 k €↓
2021
Annual accounts 202123,6 k €↓
2020
Annual accounts 202048,2 k €↓
2019
Annual accounts 20195,5 M €↑
2018
Annual accounts 2018-150,2 k €↓
2017
Annual accounts 201713,6 k €↑
2016
Annual accounts 2016-115,7 k €↑
2015
Annual accounts 2015-159 k €↓
2014
Annual accounts 2014-154,6 k €↓
2013
Annual accounts 2013-148,5 k €↑
2012
Annual accounts 2012-178 k €↑
2011
Annual accounts 2011-197,4 k €↓
2010
Annual accounts 2010-123,3 k €↑
2009
Annual accounts 2009-190,6 k €↑
2008
Annual accounts 2008-452,7 k €
20/12/2006
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

Kubel

Overview

What does Kubel do?

Trend over 17 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