ACTIVE

EQUISK

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Financial year 2025 · closed on 31/12/2025

Net result

36,2 k €

+109.4% YoY

Gross margin

55,3 k €

+56.8% YoY

Equity

65,1 k €

+125.2% YoY

What does EQUISK do?

EQUISK is a Private company with limited liability incorporated in 2007. Its main activity is: Raising of horses and other equines. Its registered office is in Hamme (Vl.).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0890.405.065

Incorporation

28/06/2007

Legal form

Private company with limited liability

Registered office

Zandvoorde 22
9220 Hamme (Vl.) · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

01430Raising of horses and other equines· main 01430Raising of horses and other equines

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

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Health score

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Recommended credit limit

✦ 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	55,3 k €	+56.8%	35,3 k €	+61.0%	21,9 k €	+14.0%	19,2 k €	-14.4%	22,5 k €	+76.5%	12,7 k €	-66.9%	38,4 k €	+63.5%	23,5 k €	-3.2%	24,3 k €	+9.7%	22,1 k €	+27.0%	17,4 k €	+202%	5,8 k €	-49.7%	11,5 k €	+284%	3 k €	-86.2%	21,6 k €	+198%	7,3 k €	+160%	-12,2 k €	-127%	44,4 k €
EBITDA	53,7 k €	+62.3%	33,1 k €	+66.9%	19,8 k €	+11.5%	17,8 k €	-8.4%	19,4 k €	+71.5%	11,3 k €	-68.7%	36,2 k €	+62.1%	22,3 k €	+0.9%	22,1 k €	+4.2%	21,3 k €	+37.1%	15,5 k €	+318%	3,7 k €	-63.7%	10,2 k €	+518%	1,7 k €	-90.7%	17,9 k €	+323%	4,2 k €	+130%	-13,9 k €	-134%	41,1 k €
Operating result	40,3 k €	+89.9%	21,2 k €	+612%	-4,1 k €	+27.2%	-5,7 k €	-52.9%	-3,7 k €	+73.7%	-14,2 k €	-236%	10,4 k €	+16.8%	8,9 k €	-35.3%	13,8 k €	-1.3%	13,9 k €	+621%	1,9 k €	-48.0%	3,7 k €	-63.0%	10 k €	+12045%	-84 €	-101%	16,2 k €	+343%	-6,7 k €	+73.0%	-24,7 k €	-199%	24,9 k €
Net result	36,2 k €	+109%	17,3 k €	+320%	-7,9 k €	+17.7%	-9,6 k €	-9.0%	-8,8 k €	+51.2%	-18 k €	-376%	6,5 k €	+12.7%	5,8 k €	-33.0%	8,6 k €	-21.7%	11 k €	+1693%	614 €	-82.5%	3,5 k €	-63.1%	9,5 k €	+2159%	-463 €	-103%	14,8 k €	+255%	-9,5 k €	+66.3%	-28,3 k €	-290%	14,9 k €
Balance sheet
Equity	65,1 k €	+125%	28,9 k €	+154%	11,4 k €	-40.9%	19,2 k €	-33.2%	28,8 k €	-23.4%	37,6 k €	-32.3%	55,6 k €	+13.3%	49,1 k €	+13.3%	43,3 k €	+24.9%	34,7 k €	+46.6%	23,6 k €	+2.7%	23 k €	+18.0%	19,5 k €	+95.6%	10 k €	-4.4%	10,4 k €	+339%	-4,4 k €	-185%	5,2 k €	-84.6%	33,5 k €
Total assets	184,4 k €	+40.5%	131,3 k €	+1.7%	129,2 k €	+10.5%	116,9 k €	-16.4%	139,9 k €	-10.4%	156 k €	-15.8%	185,2 k €	+28.6%	144 k €	+8.7%	132,5 k €	-4.1%	138,3 k €	+10.4%	125,2 k €	+230%	37,9 k €	+34.8%	28,1 k €	+125%	12,5 k €	-52.7%	26,5 k €	-30.1%	37,9 k €	-25.7%	51 k €	-33.9%	77,1 k €
Cash	41,3 k €	+5.6%	39,1 k €	+246%	11,3 k €	-31.2%	16,4 k €	+31.9%	12,4 k €	+0.3%	12,4 k €	-10.6%	13,9 k €	-1.1%	14 k €	+34.6%	10,4 k €	-38.2%	16,9 k €	+125%	7,5 k €	-62.0%	19,7 k €	+36.7%	14,4 k €	+290%	3,7 k €	+9.9%	3,4 k €	+136%	1,4 k €	+304%	352 €	-98.9%	31 k €
Debts	119,3 k €	+16.5%	102,4 k €	-13.1%	117,8 k €	+20.6%	97,6 k €	-12.1%	111,1 k €	-6.2%	118,4 k €	-8.7%	129,7 k €	+37.2%	94,5 k €	+5.9%	89,2 k €	-13.9%	103,6 k €	+2.0%	101,5 k €	+582%	14,9 k €	+72.7%	8,6 k €	+238%	2,6 k €	-83.5%	15,5 k €	-55.7%	35 k €	-19.8%	43,6 k €	+1.1%	43,1 k €

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 31/12/2025 · 1 active · 1 ended

Active mandates

Stefaan Kuppens

Director

Active

Ended mandates

Stefaan Kuppens

Manager

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	29/06/2026	30/06/2025	25/06/2024	29/06/2023	29/06/2022	30/06/2021
General meeting	09/05/2026	10/05/2025	11/05/2024	13/05/2023	14/05/2022	08/05/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	09/05/2026	29/06/2026	Dutch	PDF
Micro model	31/12/2024	10/05/2025	30/06/2025	Dutch	PDF
Micro model	31/12/2023	11/05/2024	25/06/2024	Dutch	PDF
Micro model	31/12/2022	13/05/2023	29/06/2023	Dutch	PDF
Micro model	31/12/2021	14/05/2022	29/06/2022	Dutch	PDF
Micro model	31/12/2020	08/05/2021	30/06/2021	Dutch	PDF
Micro model	31/12/2019	09/05/2020	30/06/2020	Dutch	PDF
Micro model	31/12/2018	11/05/2019	27/06/2019	Dutch	PDF
Abridged model	31/12/2017	12/05/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	13/05/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	08/03/2016	25/04/2016	Dutch	PDF
Abridged model	31/12/2014	02/03/2015	18/05/2015	Dutch	PDF
Abridged model	31/12/2013	12/05/2014	02/06/2014	Dutch	PDF
Abridged model	31/12/2012	12/05/2013	19/06/2013	Dutch	PDF
Abridged model	31/12/2011	12/05/2012	03/07/2012	Dutch	PDF
Abridged model	31/12/2010	14/05/2011	30/05/2011	Dutch	PDF
Abridged model	31/12/2009	28/04/2010	26/05/2010	Dutch	PDF
Abridged model	31/12/2008	04/06/2009	08/06/2009	Dutch	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 31/12/2025 · 1 active · 1 ended

Active mandates

Stefaan Kuppens

Director

Active

Ended mandates

Stefaan Kuppens

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202536,2 k €↑
2024
Annual accounts 202417,3 k €↑
2023
Annual accounts 2023-7,9 k €↑
2022
Annual accounts 2022-9,6 k €↓
2021
Annual accounts 2021-8,8 k €↑
2020
Annual accounts 2020-18 k €↓
2019
Annual accounts 20196,5 k €↑
2018
Annual accounts 20185,8 k €↓
2017
Annual accounts 20178,6 k €↓
2016
Annual accounts 201611 k €↑
2015
Annual accounts 2015614 €↓
2014
Annual accounts 20143,5 k €↓
2014
Name changeEquisk
2013
Annual accounts 20139,5 k €↑
2012
Annual accounts 2012-463 €↓
2011
Annual accounts 201114,8 k €↑
2010
Annual accounts 2010-9,5 k €↑
2009
Annual accounts 2009-28,3 k €↓
2008
Annual accounts 200814,9 k €
2008
Name changeTRANSPORT STEF
28/06/2007
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

EQUISK

Overview

What does EQUISK 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

Similar companies

Similar companies

Timeline