ACTIVE

BUL - CONSTRUCT

Export PDF

Financial year 2025 · closed on 30/06/2025

Net result

39,2 k €

-30.6% YoY

Gross margin

62 k €

-30.3% YoY

Equity

276,1 k €

+6.2% YoY

What does BUL - CONSTRUCT do?

BUL - CONSTRUCT is a Private limited company incorporated in 2007. Its registered office is in Brasschaat.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0892.617.358

Incorporation

08/10/2007

Legal form

Private limited company

Registered office

Lage Kaart 156b
2930 Brasschaat · FlandreSee on map

Contributed capital

19 000,00 €

Latest accounts

30/06/2025

Activities (NACE)

41001Construction of buildings· main 43211Electrical installation 43211Electrical installation 43221Plumbing, heat and air-conditioning installation 43310Plastering 43310Plastering+6

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	62 k €	-30.3%	88,9 k €	+45.8%	61 k €	-14.5%	71,3 k €	+44.6%	49,3 k €	-7.3%	53,2 k €	-21.3%	67,5 k €	-17.6%	81,9 k €	-20.3%	102,7 k €	+159%	39,7 k €	-33.8%	59,9 k €	-7.8%	65 k €	-40.4%	109,1 k €	+121%	49,4 k €	-17.8%	60,1 k €	-13.7%	69,6 k €	-16.6%	83,4 k €
EBITDA	56,7 k €	-31.6%	83 k €	+46.8%	56,5 k €	-15.4%	66,8 k €	+49.2%	44,8 k €	+26.7%	35,3 k €	+95.3%	18,1 k €	-76.1%	75,8 k €	-25.1%	101,1 k €	+162%	38,5 k €	-34.4%	58,7 k €	-6.2%	62,6 k €	-41.9%	107,6 k €	+124%	48 k €	-17.5%	58,2 k €	-14.9%	68,3 k €	-16.4%	81,8 k €
Operating result	55,8 k €	-32.3%	82,5 k €	+47.2%	56,1 k €	-15.1%	66 k €	+49.9%	44,1 k €	+29.9%	33,9 k €	+110%	16,2 k €	-75.3%	65,3 k €	-22.5%	84,2 k €	+293%	21,4 k €	-46.8%	40,3 k €	-19.6%	50 k €	-48.5%	97,2 k €	+230%	29,4 k €	-27.3%	40,5 k €	-7.5%	43,8 k €	-24.1%	57,7 k €
Net result	39,2 k €	-30.6%	56,4 k €	+35.2%	41,7 k €	-17.1%	50,4 k €	+48.2%	34 k €	+47.4%	23,1 k €	+416%	4,5 k €	-88.1%	37,4 k €	-36.8%	59,2 k €	+285%	15,4 k €	-44.1%	27,5 k €	+39.5%	19,7 k €	-69.7%	65 k €	+234%	19,5 k €	-23.8%	25,5 k €	-23.6%	33,4 k €	-16.9%	40,2 k €
Balance sheet
Equity	276,1 k €	+6.2%	260 k €	+27.7%	203,5 k €	-3.9%	211,8 k €	+28.8%	164,4 k €	+26.0%	130,5 k €	+21.5%	107,4 k €	+4.3%	102,9 k €	+57.1%	65,5 k €	0.0%	65,5 k €	0.0%	65,5 k €	+0.8%	65 k €	+1.1%	64,3 k €	+0.0%	64,3 k €	+0.7%	63,8 k €	+0.9%	63,3 k €	+7.5%	58,9 k €
Total assets	365,7 k €	+4.4%	350,4 k €	+49.7%	234 k €	-2.2%	239,4 k €	+31.8%	181,6 k €	+13.4%	160,1 k €	+4.9%	152,6 k €	-21.6%	194,8 k €	-18.0%	237,6 k €	-1.5%	241,1 k €	+2.2%	236 k €	+13.0%	208,8 k €	-10.1%	232,3 k €	+29.9%	178,9 k €	+2.5%	174,5 k €	-23.5%	228,2 k €	-3.8%	237,3 k €
Cash	74,5 k €	+237%	22,1 k €	-10.5%	24,7 k €	-42.1%	42,7 k €	+19.9%	35,6 k €	-7.2%	38,3 k €	+146%	15,6 k €	-33.8%	23,6 k €	-84.2%	149,4 k €	+58.8%	94 k €	-7.9%	102,2 k €	+15.8%	88,2 k €	-32.3%	130,3 k €	+43.3%	90,9 k €	+48.8%	61,1 k €	-28.7%	85,7 k €	+156%	33,5 k €
Debts	89,6 k €	-0.9%	90,4 k €	+196%	30,5 k €	+10.5%	27,6 k €	+60.9%	17,2 k €	-42.1%	29,7 k €	-34.4%	45,2 k €	-50.7%	91,8 k €	-46.6%	172,1 k €	-2.0%	175,6 k €	+3.0%	170,4 k €	+18.5%	143,8 k €	-14.4%	167,9 k €	+46.6%	114,5 k €	+3.5%	110,7 k €	-32.6%	164,4 k €	-7.6%	177,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 4 active · 18 ended

Active mandates

Hasan Topal

Director · since 04 octobre 2023

Active

Kurt Dehaemers

Director · since 04 octobre 2023

Active

Mohamed Ahmed

Director · since 04 octobre 2023

Active

Sami Hasan

Director · since 04 octobre 2023

Active

Ended mandates

Hasan Topal

Director · since 01 juillet 2018

Ended

Hasan Topal

Manager · since 01 juillet 2018

Ended

Mohamed Ahmed

Director · since 01 juillet 2018

Ended

Mohamed Ahmed

Manager · since 01 juillet 2018

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	12/01/2026	15/01/2025	23/01/2024	12/01/2023	13/12/2021	23/12/2020
General meeting	12/12/2025	13/12/2024	08/12/2023	09/12/2022	10/12/2021	11/12/2020
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	12/12/2025	12/01/2026	Dutch	PDF
Micro model	30/06/2024	13/12/2024	15/01/2025	Dutch	PDF
Micro model	30/06/2023	08/12/2023	23/01/2024	Dutch	PDF
Micro model	30/06/2022	09/12/2022	12/01/2023	Dutch	PDF
Micro model	30/06/2021	10/12/2021	13/12/2021	Dutch	PDF
Micro model	30/06/2020	11/12/2020	23/12/2020	Dutch	PDF
Micro model	30/06/2019	13/12/2019	18/12/2019	Dutch	PDF
Micro model	30/06/2018	14/12/2018	30/01/2019	Dutch	PDF
Micro model	30/06/2017	08/12/2017	15/12/2017	Dutch	PDF
Abridged model	30/06/2016	09/12/2016	14/12/2016	Dutch	PDF
Abridged model	30/06/2015	11/12/2015	29/12/2015	Dutch	PDF
Abridged model	30/06/2014	12/12/2014	24/12/2014	Dutch	PDF
Abridged model	30/06/2013	13/12/2013	27/12/2013	Dutch	PDF
Abridged model	30/06/2012	14/12/2012	20/12/2012	Dutch	PDF
Abridged model	30/06/2011	22/09/2011	29/09/2011	Dutch	PDF
Abridged model	30/06/2010	10/12/2010	14/12/2010	Dutch	PDF
Abridged model	30/06/2009	22/09/2009	24/09/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 4 active · 18 ended

Active mandates

Hasan Topal

Director · since 04 octobre 2023

Active

Kurt Dehaemers

Director · since 04 octobre 2023

Active

Mohamed Ahmed

Director · since 04 octobre 2023

Active

Sami Hasan

Director · since 04 octobre 2023

Active

Ended mandates

Hasan Topal

Director · since 01 juillet 2018

Ended

Hasan Topal

Manager · since 01 juillet 2018

Ended

Mohamed Ahmed

Director · since 01 juillet 2018

Ended

Mohamed Ahmed

Manager · since 01 juillet 2018

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/10/2023
WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/07/2018
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/05/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Registered office02/04/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates28/10/2011
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 202539,2 k €↓
2024
Annual accounts 202456,4 k €↑
2023
Annual accounts 202341,7 k €↓
2022
Annual accounts 202250,4 k €↑
2021
Annual accounts 202134 k €↑
2020
Annual accounts 202023,1 k €↑
2019
Annual accounts 20194,5 k €↓
2018
Annual accounts 201837,4 k €↓
2017
Annual accounts 201759,2 k €↑
2016
Annual accounts 201615,4 k €↓
2015
Annual accounts 201527,5 k €↑
2014
Annual accounts 201419,7 k €↓
2013
Annual accounts 201365 k €↑
2012
Annual accounts 201219,5 k €↓
2011
Annual accounts 201125,5 k €↓
2010
Annual accounts 201033,4 k €↓
2009
Annual accounts 200940,2 k €
08/10/2007
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

BUL - CONSTRUCT

Overview

What does BUL - CONSTRUCT 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