ACTIVE

KUSTERMANS & CO

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Financial year 2025 · closed on 30/06/2025

Net result

98,2 k €

+222.7% YoY

Gross margin

409,6 k €

+41.1% YoY

Equity

209,4 k €

+88.4% YoY

What does KUSTERMANS & CO do?

KUSTERMANS & CO is a Private limited company incorporated in 2007. Its main activity is: Construction of roads and motorways. Its registered office is in Walcourt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0887.778.543

Incorporation

08/03/2007

Legal form

Private limited company

Registered office

Allée des Hirondelles(Thy) 8
5651 Walcourt · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

Activities (NACE)

42110Construction of roads and motorways· main 42110Construction of roads and motorways 81300Landscape service activities 81300Landscape service activities

Joint committees (1)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	409,6 k €	+41.1%	290,2 k €	-14.1%	337,8 k €	-1.2%	341,9 k €	+26.4%	270,4 k €	+25.1%	216,1 k €	-26.7%	294,9 k €	+12.6%	261,9 k €	+73.8%	150,7 k €	+219%	47,2 k €	-72.6%	172,4 k €	+265%	47,2 k €	+92.8%	24,5 k €	+182%	-30 k €	-833%	4,1 k €	-30.7%	5,9 k €	-50.7%	12 k €	+371%	2,5 k €
EBITDA	211 k €	+62.1%	130,2 k €	+8.5%	120 k €	-32.1%	176,8 k €	+28.1%	138 k €	+42.3%	97 k €	-41.1%	164,6 k €	+0.3%	164,2 k €	+80.4%	91 k €	+369%	-33,8 k €	-142%	80,7 k €	+581%	11,8 k €	-51.7%	24,5 k €	+180%	-30,5 k €	-915%	3,7 k €	-32.6%	5,6 k €	-53.6%	12 k €	+371%	2,5 k €
Operating result	131,9 k €	+103%	64,9 k €	+216%	20,6 k €	-69.1%	66,5 k €	+26.2%	52,7 k €	+154%	20,8 k €	-63.2%	56,5 k €	-41.6%	96,9 k €	+269%	26,2 k €	+126%	-100,6 k €	-3909%	2,6 k €	+13.3%	2,3 k €	-90.5%	24,5 k €	+180%	-30,5 k €	-726%	-3,7 k €	-127%	-1,6 k €	-133%	4,9 k €	+246%	-3,4 k €
Net result	98,2 k €	+223%	30,4 k €	+1477%	1,9 k €	-95.2%	40,2 k €	+276%	10,7 k €	+537%	-2,4 k €	-109%	28 k €	-66.3%	83 k €	+296%	21 k €	+122%	-94,8 k €	-4019%	-2,3 k €	-369%	856 €	-96.1%	22,1 k €	+202%	-21,6 k €	-318%	-5,2 k €	-48.9%	-3,5 k €	-679%	600 €	+109%	-6,5 k €
Balance sheet
Equity	209,4 k €	+88.4%	111,2 k €	+22.5%	90,7 k €	+2.2%	88,8 k €	+82.8%	48,6 k €	+28.2%	37,9 k €	-6.1%	40,3 k €	+227%	12,3 k €	+117%	-70,7 k €	+22.9%	-91,7 k €	-3054%	3,1 k €	-42.6%	5,4 k €	+18.8%	4,5 k €	+126%	-17,6 k €	-111%	-8,3 k €	-163%	-3,2 k €	-1121%	310 €	+207%	-291 €
Total assets	814,8 k €	+97.8%	412 k €	-16.0%	490,6 k €	-8.0%	533,5 k €	+45.3%	367,2 k €	-12.2%	418 k €	+34.2%	311,5 k €	+74.0%	179 k €	-4.9%	188,3 k €	-25.8%	253,9 k €	-44.5%	457,8 k €	+62.1%	282,4 k €	+1007%	25,5 k €	+3667%	677 €	-97.8%	30,9 k €	-27.5%	42,6 k €	-11.8%	48,3 k €	-7.5%	52,3 k €
Cash	1,8 k €	-95.4%	38,1 k €	+1303%	2,7 k €	-79.1%	13 k €	+76.9%	7,4 k €	-64.6%	20,8 k €	+265%	5,7 k €	+442%	1 k €	+23.8%	847,2 €	+151%	336,9 €	-99.6%	84,6 k €	+10731%	781 €		–		21 €	-91.8%	256 €		–		–		2,8 k €
Debts	564,7 k €	+87.7%	300,9 k €	-24.5%	398,6 k €	-9.9%	442,1 k €	+40.5%	314,7 k €	-16.1%	374,9 k €	+38.3%	271,2 k €	+62.7%	166,7 k €	-35.6%	259 k €	-24.8%	344,5 k €	-24.1%	454 k €	+64.1%	276,6 k €	+1231%	20,8 k €	+15.0%	18,1 k €	-54.0%	39,2 k €	-14.3%	45,8 k €	-4.7%	48 k €	-8.6%	52,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		2,4 ETP	-14.3%	2,8 ETP		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 5 ended

Active mandates

JEAN-POL KUSTERMANS

Director · since 10 janvier 2014

Active

Ended mandates

JEAN-POL KUSTERMANS

Manager · since 10 janvier 2014

Ended

JEAN POL KUSTERMANS

Manager · since 06 janvier 2014

Ended

BENOIT SOMVILLE

Manager · since 01 janvier 2013

Ended

NICOLE ROLAND

Manager · since 01 mars 2007

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	01/07/2024	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	28/01/2026	27/01/2025	25/01/2024	26/01/2023	01/12/2021	28/01/2021
General meeting	31/12/2025	22/11/2024	24/11/2023	25/11/2022	26/11/2021	27/11/2020
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
Micro model	30/06/2025	31/12/2025	28/01/2026	French	PDF
Micro model	30/06/2024	22/11/2024	27/01/2025	French	PDF
Micro model	30/06/2023	24/11/2023	25/01/2024	French	PDF
Micro model	30/06/2022	25/11/2022	26/01/2023	French	PDF
Micro model	30/06/2021	26/11/2021	01/12/2021	French	PDF
Micro model	30/06/2020	27/11/2020	28/01/2021	French	PDF
Micro model	30/06/2019	29/11/2019	21/01/2020	French	PDF
Micro model	30/06/2018	30/11/2018	14/01/2019	French	PDF
Micro model	30/06/2017	24/11/2017	13/12/2017	French	PDF
Abridged model	30/06/2016	27/12/2016	02/01/2017	French	PDF
Abridged model	30/06/2015	31/12/2015	26/01/2016	French	PDF
Abridged model	30/06/2014	31/12/2014	29/01/2015	French	PDF
Abridged model	30/06/2013	31/12/2013	31/01/2014	French	PDF
Abridged model	30/06/2012	31/12/2012	20/03/2013	French	PDF
Abridged model	30/06/2011	25/11/2011	31/01/2012	French	PDF
Abridged model	30/06/2010	27/12/2010	31/01/2011	French	PDF
Abridged model	30/06/2009	28/12/2009	06/05/2010	French	PDF
Abridged model	30/06/2008	29/12/2008	30/01/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 30/06/2025 · 1 active · 5 ended

Active mandates

JEAN-POL KUSTERMANS

Director · since 10 janvier 2014

Active

Ended mandates

JEAN-POL KUSTERMANS

Manager · since 10 janvier 2014

Ended

JEAN POL KUSTERMANS

Manager · since 06 janvier 2014

Ended

BENOIT SOMVILLE

Manager · since 01 janvier 2013

Ended

NICOLE ROLAND

Manager · since 01 mars 2007

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/11/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates21/03/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates21/01/2014
DENOMINATION - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates25/09/2013
DEMISSIONS, NOMINATIONS
PDF
Other16/03/2007
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202598,2 k €↑
2025
Name changeKUSTERMANS & CO
2024
Annual accounts 202430,4 k €↑
2023
Annual accounts 20231,9 k €↓
2022
Annual accounts 202240,2 k €↑
2022
Name changeKUSTERMANS AND CO
2021
Annual accounts 202110,7 k €↑
2020
Annual accounts 2020-2,4 k €↓
2019
Annual accounts 201928 k €↓
2018
Annual accounts 201883 k €↑
2017
Annual accounts 201721 k €↑
2016
Annual accounts 2016-94,8 k €↓
2015
Annual accounts 2015-2,3 k €↓
2014
Annual accounts 2014856 €↓
2013
Annual accounts 201322,1 k €↑
2012
Annual accounts 2012-21,6 k €↓
2011
Annual accounts 2011-5,2 k €↓
2010
Annual accounts 2010-3,5 k €↓
2009
Annual accounts 2009600 €↑
2008
Annual accounts 2008-6,5 k €
08/03/2007
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

KUSTERMANS & CO

Overview

What does KUSTERMANS & CO do?

Trend over 18 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