ACTIVE

Ulens

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Financial year 2025 · closed on 31/12/2025

Net result

44,7 k €

-4.7% YoY

Gross margin

357,9 k €

-2.5% YoY

Equity

226,7 k €

+15.9% YoY

Workforce

3,8 ETP

-15.6% YoY

What does Ulens do?

Ulens is a Private company with limited liability incorporated in 2007. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Lubbeek. It employs on average 3,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0889.084.875

Incorporation

18/04/2007

Legal form

Private company with limited liability

Registered office

Markiezenlaan(LIN) 5
3210 Lubbeek · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

3,8 ETP

Activities (NACE)

69201Accounting, bookkeeping and auditing activities; tax consultancy· main 69202Accounting, bookkeeping and auditing activities; tax consultancy 74121Specialised design activities 69201Accounting, bookkeeping and auditing activities; tax consultancy 74124Specialised design activities

Joint committees (2)

2000
3360

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	357,9 k €	-2.5%	367,0 k €	-4.3%	383,6 k €	-3.1%	395,9 k €	+5.9%	373,8 k €	+20.6%	310,0 k €	+30.7%	237,1 k €	+11.9%	211,8 k €	-9.3%	233,6 k €	+99.0%	117,4 k €	-6.9%	126,1 k €	-9.8%	139,8 k €	+28.8%	108,6 k €	+63.7%	66,3 k €	+53.0%	43,4 k €	+143%	17,8 k €	+109%	8,5 k €
EBITDA	76,4 k €	+0.5%	76,0 k €	+2.7%	74,0 k €	+9.6%	67,5 k €	+61.6%	41,8 k €	-16.7%	50,1 k €	+6.8%	46,9 k €	-5.9%	49,8 k €	+27.5%	39,1 k €	+136%	16,6 k €	-32.2%	24,4 k €	-41.1%	41,5 k €	+135%	17,7 k €	+12.1%	15,8 k €	+32.4%	11,9 k €	+22.7%	9,7 k €	+23.8%	7,8 k €
Operating result	67,2 k €	-4.7%	70,5 k €	+3.6%	68,1 k €	+10.3%	61,7 k €	+84.8%	33,4 k €	+12.6%	29,7 k €	+25.2%	23,7 k €	-23.6%	31,0 k €	+85.7%	16,7 k €	+274%	4,5 k €	-46.0%	8,3 k €	+72.8%	4,8 k €	-15.0%	5,6 k €	+12.7%	5,0 k €	-28.7%	7,0 k €	+48.1%	4,7 k €	+293%	1,2 k €
Net result	44,7 k €	-4.7%	46,9 k €	+3.3%	45,4 k €	+18.3%	38,3 k €	+98.0%	19,4 k €	+31.0%	14,8 k €	+36.6%	10,8 k €	-35.9%	16,9 k €	+144%	6,9 k €	+16998%	40,5 €	-98.8%	3,2 k €	+102%	1,6 k €	-42.0%	2,8 k €	-6.5%	3,0 k €	-30.2%	4,3 k €	+58.2%	2,7 k €	+339%	613,7 €
Balance sheet
Equity	226,7 k €	+15.9%	195,6 k €	+21.0%	161,6 k €	+25.6%	128,6 k €	+22.2%	105,3 k €	+15.9%	90,9 k €	+19.4%	76,1 k €	+16.6%	65,2 k €	+35.0%	48,3 k €	+16.7%	41,4 k €	+0.1%	41,4 k €	+23.4%	33,5 k €	+5.0%	31,9 k €	+9.5%	29,1 k €	+240%	8,6 k €	+98.9%	4,3 k €	+167%	1,6 k €
Total assets	378,9 k €	-2.0%	386,8 k €	-0.8%	389,7 k €	+13.3%	344,1 k €	+27.1%	270,8 k €	+30.6%	207,4 k €	+22.8%	168,9 k €	-7.5%	182,5 k €	+12.7%	161,9 k €	+20.3%	134,7 k €	-39.9%	224,1 k €	+1.7%	220,4 k €	+0.6%	219,1 k €	-2.4%	224,5 k €	+38.3%	162,4 k €	+59.8%	101,7 k €	+64.7%	61,7 k €
Cash	113,4 k €	-29.6%	161,1 k €	+7.4%	150,0 k €	+19.9%	125,1 k €	+50.0%	83,4 k €	+37.8%	60,5 k €	+126%	26,8 k €	-31.8%	39,3 k €	+42.2%	27,6 k €	+75.1%	15,8 k €	-69.8%	52,2 k €	+96.1%	26,6 k €	+131%	11,5 k €	-26.7%	15,8 k €	+51.7%	10,4 k €	-50.1%	20,8 k €	+251%	5,9 k €
Debts	152,2 k €	-20.4%	191,2 k €	-16.2%	228,1 k €	+5.9%	215,5 k €	+30.9%	164,7 k €	+41.3%	116,5 k €	+25.6%	92,8 k €	-20.5%	116,7 k €	+2.7%	113,6 k €	+21.8%	93,3 k €	-49.0%	182,8 k €	-2.2%	186,8 k €	-0.2%	187,2 k €	-4.2%	195,4 k €	+27.1%	153,7 k €	+58.1%	97,2 k €	+62.1%	60,0 k €
Other
Workforce	3,8 ETP	-15.6%	4,5 ETP	0.0%	4,5 ETP	-22.4%	5,8 ETP	+1.8%	5,7 ETP		–		–		–		3,6 ETP	+80.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+42.9%	1,4 ETP	+40.0%	1,0 ETP	+233%	0,3 ETP		–

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 · 8 ended

Active mandates

QUEESTE

Director · since 27 avril 2007 · 0476.258.914

Represented by Jeroen ULENS

Active

Ended mandates

Jeroen Ulens

Director · since 16 juillet 2010 · until 10 avril 2020

Ended

Jeroen Ulens

Manager · since 16 juillet 2010

Ended

Paul D'Hollander

Manager · since 27 avril 2007 · until 30 septembre 2015

Ended

Paul D'Hollander

Manager · since 27 avril 2007

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	18/06/2026	21/06/2025	14/08/2024	31/07/2023	27/05/2022	20/06/2021
General meeting	27/04/2026	27/04/2025	27/04/2024	26/04/2023	26/04/2022	27/04/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	27/04/2026	18/06/2026	Dutch	PDF
Abridged model	31/12/2024	27/04/2025	21/06/2025	Dutch	PDF
Abridged model	31/12/2023	27/04/2024	14/08/2024	Dutch	PDF
Abridged model	31/12/2022	26/04/2023	31/07/2023	Dutch	PDF
Abridged model	31/12/2021	26/04/2022	27/05/2022	Dutch	PDF
Abridged model	31/12/2020	27/04/2021	20/06/2021	Dutch	PDF
Micro model	31/12/2019	10/04/2020	12/06/2020	Dutch	PDF
Micro model	31/12/2018	25/05/2019	22/06/2019	Dutch	PDF
Micro model	31/12/2017	29/05/2018	30/06/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	30/08/2017	Dutch	PDF
Abridged model	30/09/2015	07/03/2016	28/03/2016	Dutch	PDF
Abridged model	30/09/2014	02/03/2015	31/03/2015	Dutch	PDF
Abridged model	30/09/2013	03/03/2014	04/03/2014	Dutch	PDF
Abridged model	30/09/2012	04/03/2013	15/03/2013	Dutch	PDF
Abridged model	30/09/2011	05/03/2012	27/04/2012	Dutch	PDF
Abridged model	30/09/2010	07/03/2011	28/04/2011	Dutch	PDF
Abridged model	30/09/2009	01/03/2010	30/04/2010	Dutch	PDF
Abridged model	30/09/2008	02/03/2009	03/03/2009	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 · 8 ended

Active mandates

QUEESTE

Director · since 27 avril 2007 · 0476.258.914

Represented by Jeroen ULENS

Active

Ended mandates

Jeroen Ulens

Director · since 16 juillet 2010 · until 10 avril 2020

Ended

Jeroen Ulens

Manager · since 16 juillet 2010

Ended

Paul D'Hollander

Manager · since 27 avril 2007 · until 30 septembre 2015

Ended

Paul D'Hollander

Manager · since 27 avril 2007

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Other16/12/2015
BENAMING - BOEKJAAR
PDF
Mandates14/10/2015
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring12/08/2014
ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring28/03/2014
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Registered office20/01/2011
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates14/09/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/08/2007
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

2025
Annual accounts 202544,7 k €↓
2024
Annual accounts 202446,9 k €↑
2023
Annual accounts 202345,4 k €↑
2022
Annual accounts 202238,3 k €↑
2021
Annual accounts 202119,4 k €↑
2019
Annual accounts 201914,8 k €↑
2018
Annual accounts 201810,8 k €↓
2017
Annual accounts 201716,9 k €↑
2016
Annual accounts 20166,9 k €↑
2015
Annual accounts 201540,5 €↓
2015
Name changeUlens
2014
Annual accounts 20143,2 k €↑
2013
Annual accounts 20131,6 k €↓
2012
Annual accounts 20122,8 k €↓
2011
Annual accounts 20113,0 k €↓
2010
Annual accounts 20104,3 k €↑
2009
Annual accounts 20092,7 k €↑
2008
Annual accounts 2008613,7 €
2008
Name changeD'Hollander & Ulens
18/04/2007
IncorporationPrivate company with limited liability

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

Ulens

Overview

What does Ulens do?

Trend over 17 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