ACTIVE

CULOBEL ASSEMBLY

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Financial year 2025 · closed on 31/12/2025

Net result

19,5 k €

-88.7% YoY

Gross margin

132,9 k €

-59.1% YoY

Equity

1,2 M €

+1.6% YoY

Workforce

1,2 ETP

+33.3% YoY

What does CULOBEL ASSEMBLY do?

CULOBEL ASSEMBLY is a Public limited company incorporated in 2008. Its registered office is in Aalst. It employs on average 1,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0899.017.180

Incorporation

03/07/2008

Legal form

Public limited company

Registered office

Hekkestraat 16
9308 Aalst · FlandreSee on map

Contributed capital

109 000,00 €

Latest accounts

31/12/2025

Average workforce

1,2 ETP

Joint committees (2)

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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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	132,9 k €	-59.1%	325,1 k €	+105%	158,4 k €	-39.3%	260,8 k €	-8.3%	284,3 k €	+6.5%	267 k €		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	11,7 k €	-95.0%	233 k €	+200%	77,5 k €	-60.0%	193,9 k €	+14.6%	169,1 k €	+28.1%	132 k €	+108%	63,4 k €	-25.5%	85 k €	+219%	26,6 k €	-79.2%	128,3 k €	+16.3%	110,3 k €	+17.4%	94 k €	+1163%	-8,8 k €	+82.5%	-50,5 k €	-54.7%	-32,6 k €	-111%	295,6 k €	+189%	-334 k €	-162%	537 k €
Operating result	11,7 k €	-95.0%	233 k €	+200%	77,5 k €	-60.0%	193,9 k €	+14.6%	169,1 k €	+28.1%	132 k €	+108%	63,4 k €	-25.5%	85 k €	+219%	26,6 k €	-79.2%	128,3 k €	+16.3%	110,3 k €	+17.4%	94 k €	+1163%	-8,8 k €	+82.5%	-50,5 k €	-54.7%	-32,6 k €	-111%	292,6 k €	+181%	-360,6 k €	-171%	507,5 k €
Net result	19,5 k €	-88.7%	173 k €	+200%	57,6 k €	-60.2%	144,7 k €	+16.0%	124,8 k €	+29.0%	96,7 k €	+126%	42,8 k €	-29.7%	60,9 k €	+317%	14,6 k €	-82.9%	85,4 k €	-69.0%	275,8 k €	-21.8%	352,7 k €	+133%	151,2 k €	+381%	-53,8 k €	-78.1%	-30,2 k €	-110%	295,9 k €	+185%	-349,9 k €	-185%	411,1 k €
Balance sheet
Equity	1,2 M €	+1.6%	1,2 M €	+16.4%	1,1 M €	+5.8%	996,7 k €	+17.0%	852 k €	+17.2%	727,2 k €	+15.3%	630,5 k €	+7.3%	587,7 k €	+11.6%	526,8 k €	+2.9%	512,2 k €	-7.0%	550,7 k €	+64.0%	335,9 k €	+18.6%	283,2 k €	+115%	132 k €	-29.0%	185,8 k €	-14.0%	216 k €	+27.0%	170,1 k €	-67.3%	520,1 k €
Total assets	1,4 M €	-11.2%	1,6 M €	+26.8%	1,2 M €	+12.1%	1,1 M €	-6.8%	1,2 M €	+15.2%	1 M €	+22.5%	845,9 k €	+20.9%	699,9 k €	-21.5%	891,6 k €	+12.5%	792,4 k €	+21.7%	651 k €	+58.6%	410,5 k €	+16.9%	351,2 k €	+99.4%	176,1 k €	-27.7%	243,7 k €	-53.2%	521,1 k €	+5.3%	494,8 k €	-57.4%	1,2 M €
Cash	189,4 k €	-47.6%	361,2 k €	-34.5%	551,3 k €	+14.8%	480,3 k €	+27.3%	377,3 k €	-3.1%	389,3 k €	+14.9%	338,7 k €	+31.1%	258,4 k €	+352%	57,1 k €	-58.2%	136,8 k €	+864%	14,2 k €	+42.4%	10 k €	-50.8%	20,3 k €	+124%	9 k €	+245%	2,6 k €	-59.8%	6,5 k €	-84.3%	41,6 k €	-87.6%	335,5 k €
Debts	156,6 k €	-55.9%	354,9 k €	+83.4%	193,6 k €	+65.7%	116,8 k €	-65.8%	341,8 k €	+37.0%	249,5 k €	+15.9%	215,3 k €	+92.3%	112 k €	-69.3%	364,8 k €	+30.3%	280 k €	+180%	100 k €	+34.5%	74,3 k €	+9.6%	67,8 k €	+54.2%	44 k €	-24.0%	57,8 k €	-81.0%	304,9 k €	-2.3%	312,1 k €	-51.0%	636,9 k €
Other
Workforce	1,2 ETP	+33.3%	0,9 ETP	+12.5%	0,8 ETP	0.0%	0,8 ETP	-50.0%	1,6 ETP	-20.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+5.3%	1,9 ETP	+72.7%	1,1 ETP	0.0%	1,1 ETP	+10.0%	1,0 ETP	0.0%	1,0 ETP	+42.9%	0,7 ETP		–		–		16,2 ETP	-22.9%	21,0 ETP

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 31/12/2025 · 2 active · 12 ended

Active mandates

Arthur Fortanier

Director · since 03 avril 2024 · until 20 mai 2030

Active

Mark D'Haese

Managing director · since 03 avril 2024 · until 20 mai 2030

Active

Ended mandates

Arthur Fortanier

Director · since 20 mai 2020 · until 20 mai 2026

Ended

Mark D'Haese

Managing director · since 20 mai 2020 · until 20 mai 2026

Ended

Arthur Fortanier

Director · since 01 janvier 2017 · until 20 mars 2022

Ended

Arthur Fortanier

Director · since 01 janvier 2017

Ended

At this address

Other companies at this address

Company	CBE no.
ALHILUJA● Active	0769.402.515
Culobel● Active	0405.714.970
Verleysen● Active	0655.969.824
VERLEYSEN - RINGOIR● Active	0888.084.686

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	21/05/2026	21/05/2025	21/05/2024	01/06/2023	16/06/2022	16/06/2021
General meeting	20/05/2026	20/05/2025	20/05/2024	20/05/2023	20/05/2022	20/05/2021
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
Abridged model	31/12/2025	20/05/2026	21/05/2026	Dutch	PDF
Abridged model	31/12/2024	20/05/2025	21/05/2025	Dutch	PDF
Abridged model	31/12/2023	20/05/2024	21/05/2024	Dutch	PDF
Abridged model	31/12/2022	20/05/2023	01/06/2023	Dutch	PDF
Abridged model	31/12/2021	20/05/2022	16/06/2022	Dutch	PDF
Abridged model	31/12/2020	20/05/2021	16/06/2021	Dutch	PDF
Full model	31/12/2019	20/05/2020	23/05/2020	Dutch	PDF
Full model	31/12/2018	20/05/2019	27/05/2019	Dutch	PDF
Full model	31/12/2017	21/05/2018	22/05/2018	Dutch	PDF
Full model	31/12/2016	20/05/2017	08/06/2017	Dutch	PDF
Full model	31/12/2015	20/05/2016	24/05/2016	Dutch	PDF
Full model	31/12/2014	20/05/2015	20/05/2015	Dutch	PDF
Full model	31/12/2013	20/05/2014	11/06/2014	Dutch	PDF
Full model	31/12/2012	21/05/2013	19/06/2013	Dutch	PDF
Full model	31/12/2011	21/05/2012	20/06/2012	Dutch	PDF
Full model	31/12/2010	20/05/2011	23/05/2011	Dutch	PDF
Full model	31/12/2009	20/05/2010	25/05/2010	Dutch	PDF
Full model	31/12/2008	20/05/2009	04/06/2009	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 31/12/2025 · 2 active · 12 ended

Active mandates

Arthur Fortanier

Director · since 03 avril 2024 · until 20 mai 2030

Active

Mark D'Haese

Managing director · since 03 avril 2024 · until 20 mai 2030

Active

Ended mandates

Arthur Fortanier

Director · since 20 mai 2020 · until 20 mai 2026

Ended

Mark D'Haese

Managing director · since 20 mai 2020 · until 20 mai 2026

Ended

Arthur Fortanier

Director · since 01 janvier 2017 · until 20 mars 2022

Ended

Arthur Fortanier

Director · since 01 janvier 2017

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/12/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/04/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/08/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/06/2015
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 202519,5 k €↓
2024
Annual accounts 2024173 k €↑
2023
Annual accounts 202357,6 k €↓
2022
Annual accounts 2022144,7 k €↑
2021
Annual accounts 2021124,8 k €↑
2020
Annual accounts 202096,7 k €↑
2019
Annual accounts 201942,8 k €↓
2018
Annual accounts 201860,9 k €↑
2017
Annual accounts 201714,6 k €↓
2016
Annual accounts 201685,4 k €↓
2015
Annual accounts 2015275,8 k €↓
2014
Annual accounts 2014352,7 k €↑
2013
Annual accounts 2013151,2 k €↑
2012
Annual accounts 2012-53,8 k €↓
2011
Annual accounts 2011-30,2 k €↓
2010
Annual accounts 2010295,9 k €↑
2009
Annual accounts 2009-349,9 k €↓
2008
Annual accounts 2008411,1 k €
03/07/2008
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

CULOBEL ASSEMBLY

Overview

What does CULOBEL ASSEMBLY do?

Trend over 18 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