What does Culobel do?

Culobel is a metalworking company in Aalst. Public Limited, started on 19 November 1942, 2 establishments.

What is the address of Culobel?

The registered office of Culobel is located at Hekkestraat 16, 9308 Aalst.

Is Culobel still active?

Yes. According to the CBE (30 October 2026) Culobel is active, legal situation “Normale toestand”, started on 19 November 1942.

Is Culobel registered on Peppol?

Yes, Culobel is registered on the Peppol network with ID 0208:0405714970.

What is the enterprise number of Culobel?

The enterprise number of Culobel is BE0405714970.

When was Culobel founded?

Culobel was founded on 19 November 1942.

Who are the directors of Culobel?

According to the 2025 annual accounts, the directors of Culobel are: Mark D'Haese, Arthur Gaston Fortanier.

Is Culobel a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 19 November 1942; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account; 2 establishments in the CBE.

How much profit did Culobel make in 2025?

Culobel posted a profit after taxes of € 336,230 in financial year 2025.

What is the revenue of Culobel?

In its most recent annual accounts (2025), Culobel reported revenue of € 19,168,329.

How much does an employee at Culobel earn?

The average wage cost per full-time employee at Culobel was € 61,100 in 2025: staff costs of € 3.9 million for 63.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Culobel have?

According to the 2025 annual accounts, Culobel has 63.2 full-time equivalents (FTE).

Does Culobel have a website?

Yes, Culobel has a website at culobel.be.

Culobel (Public Limited) - Aalst - BE0405714970

Dossier Culobel, printed on 30 October 2026 from databakkes.be/en/0405714970/culobel. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Shrinking team NBB

FTE fell two years in a row, from 75.8 to 63.2.

Financials

Financial year 2025

Culobel from Aalst, company number BE0405714970, closed financial year 2025 with a result of € 336,230 after tax. For that financial year Culobel recorded revenue of € 19.2 million and equity of € 11.5 million. Compared with financial year 2024, the result moved from € -97,851 to € 336,230. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 16, 2026.

What it is worth Healthy

€ 11.5 million

▼ 5% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 336,230

▲ still € 97,851 loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1.4 million

▼ 4% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 1 million paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Full-time equivalents

63.2

▼ 5.1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 1.6 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 3.9 million

▼ 3% vs 2024

€ 61,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 136,690

▼ 15% vs 2024

Of which on lease € 63,948.

Debts at end 2025

Bank debt ≈ 5 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.1 million

▼ 18% vs 2024

€ 210,083 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.

Owed to suppliers

€ 1.5 million

▲ 12% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 37 days on average.

Taxes and wages

€ 597,170

▼ 20% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 29,661,373 Revenue 2022: € 29,661,373 First fiscal year in the series	€ 29,599,806 Revenue 2023: € 29,599,806 Unchanged (€ 29,661,373) Unfavourable step	€ 20,006,782 Revenue 2024: € 20,006,782 ▼ 32% vs 2023 (€ 29,599,806) Unfavourable step	€ 19,168,329 Revenue 2025: € 19,168,329 ▼ 4% vs 2024 (€ 20,006,782) Unfavourable step	▼ 4%
Profit after taxes	€ 1,551,541 Profit after taxes 2022: € 1,551,541 First fiscal year in the series	€ 1,092,391 Profit after taxes 2023: € 1,092,391 ▼ 30% vs 2022 (€ 1,551,541) Unfavourable step	€ -97,851 Profit after taxes 2024: € -97,851 ▼ € 1.2 million vs 2023 (€ 1,092,391) Unfavourable step	€ 336,230 Profit after taxes 2025: € 336,230 ▲ € 434,082 vs 2024 (€ -97,851) Favourable step	▲ € 434,082
Equity	€ 12,120,960 Equity 2022: € 12,120,960 First fiscal year in the series	€ 12,242,956 Equity 2023: € 12,242,956 ▲ 1% vs 2022 (€ 12,120,960) Favourable step	€ 12,143,586 Equity 2024: € 12,143,586 ▼ 1% vs 2023 (€ 12,242,956) Unfavourable step	€ 11,478,298 Equity 2025: € 11,478,298 ▼ 5% vs 2024 (€ 12,143,586) Unfavourable step	▼ 5%
Total debts	€ 5,895,762 Total debts 2022: € 5,895,762 First fiscal year in the series	€ 6,392,679 Total debts 2023: € 6,392,679 ▲ 8% vs 2022 (€ 5,895,762) Unfavourable step	€ 5,471,096 Total debts 2024: € 5,471,096 ▼ 14% vs 2023 (€ 6,392,679) Favourable step	€ 6,390,188 Total debts 2025: € 6,390,188 ▲ 17% vs 2024 (€ 5,471,096) Unfavourable step	▲ 17%
Cash	€ 1,052,843 Cash 2022: € 1,052,843 First fiscal year in the series	€ 2,205,789 Cash 2023: € 2,205,789 ▲ 110% vs 2022 (€ 1,052,843) Favourable step	€ 1,405,272 Cash 2024: € 1,405,272 ▼ 36% vs 2023 (€ 2,205,789) Unfavourable step	€ 1,353,379 Cash 2025: € 1,353,379 ▼ 4% vs 2024 (€ 1,405,272) Unfavourable step	▼ 4%
Land & buildings	€ 871,162 Land & buildings 2022: € 871,162 First fiscal year in the series	€ 1,272,029 Land & buildings 2023: € 1,272,029 ▲ 46% vs 2022 (€ 871,162) Unchanged	€ 1,376,162 Land & buildings 2024: € 1,376,162 ▲ 8% vs 2023 (€ 1,272,029) Unchanged	€ 1,257,474 Land & buildings 2025: € 1,257,474 ▼ 9% vs 2024 (€ 1,376,162) Unchanged	▼ 9%
Retained profit	€ 12,058,960 Retained profit 2022: € 12,058,960 First fiscal year in the series	€ 12,151,351 Retained profit 2023: € 12,151,351 ▲ 1% vs 2022 (€ 12,058,960) Favourable step	€ 12,053,500 Retained profit 2024: € 12,053,500 ▼ 1% vs 2023 (€ 12,151,351) Unfavourable step	€ 11,389,730 Retained profit 2025: € 11,389,730 ▼ 6% vs 2024 (€ 12,053,500) Unfavourable step	▼ 6%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 1,000,000 Dividend 2023: € 1,000,000 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 1,000,000) Unchanged	€ 1,000,000 Dividend 2025: € 1,000,000 Unchanged (€ 0) Unchanged
Bank debt	€ 1,000,932 Bank debt 2022: € 1,000,932 First fiscal year in the series	€ 1,675,580 Bank debt 2023: € 1,675,580 ▲ 67% vs 2022 (€ 1,000,932) Unfavourable step	€ 1,308,327 Bank debt 2024: € 1,308,327 ▼ 22% vs 2023 (€ 1,675,580) Favourable step	€ 1,069,535 Bank debt 2025: € 1,069,535 ▼ 18% vs 2024 (€ 1,308,327) Favourable step	▼ 18%
Balance sheet total	€ 18,016,722 Balance sheet total 2022: € 18,016,722 First fiscal year in the series	€ 18,645,503 Balance sheet total 2023: € 18,645,503 ▲ 3% vs 2022 (€ 18,016,722) Unchanged	€ 17,624,044 Balance sheet total 2024: € 17,624,044 ▼ 5% vs 2023 (€ 18,645,503) Unchanged	€ 17,877,342 Balance sheet total 2025: € 17,877,342 ▲ 1% vs 2024 (€ 17,624,044) Unchanged	▲ 1%
Employees (FTE)	74.5 Employees (FTE) 2022: 74.5 First fiscal year in the series	75.8 Employees (FTE) 2023: 75.8 ▲ 1.3 vs 2022 (74.5) Unchanged	68.3 Employees (FTE) 2024: 68.3 ▼ 7.5 vs 2023 (75.8) Unchanged	63.2 Employees (FTE) 2025: 63.2 ▼ 5.1 vs 2024 (68.3) Unchanged	▼ 5.1

Key figures of Culobel, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to Culobel?

What happened at Culobel in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2030 Mark D'Haese stepped down as director. NBB
2030 Arthur Gaston Fortanier stepped down as director. NBB
Apr 16, 2026 New annual accounts for financial year 2025: profit of € 336,230. Source: NBB ↗
2024 Mark D'Haese became a director. NBB
2024 Arthur Gaston Fortanier became a director. NBB
Feb 1, 2019 New establishment in Aalst. KBO
Nov 19, 1942 Start of the company according to the CBE. KBO
Nov 1, 1942 New establishment in Aalst. KBO

In short

From € 1.6 million profit in 2022 to € 336,230 profit in 2025.

Paid € 1 million in corporate taxes since 2022.

Best year ever: 2022, with € 1.6 million profit.

Paid out € 2 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Culobel

Culobel Hong Kong Ltd 100%

Culobel Assembly 100%

PV-Czech s.r.o. 90%

PV-Czech Assembly s.r.o. 90%

It owns 100% of Culobel Hong Kong Ltd, 100% of Culobel Assembly, 90% of PV-Czech s.r.o. and 90% of PV-Czech Assembly s.r.o. itself.

Directors

According to the 2025 annual accounts

Mark D'Haese

Managing director

Also active at: CULOBEL ASSEMBLY

since 2024 · until 2030

Arthur Gaston Fortanier

Director

since 2024 · until 2030

Establishments

Establishment units

Physical locations of this company

Registered office

Hekkestraat 16

9308 Aalst

2.284.488.471

Hekkestraat 45 box A

9308 Aalst

Active since 1 February 2019

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.

All companies at this address →

Verleysen

ALHILUJA

€ 411,652 gross margin · 2025

VERLEYSEN - RINGOIR

€ 2.8 million gross margin · 2025

CULOBEL ASSEMBLY same network

€ 132,937 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Website

HTTPS culobel.be

Technologies

Adobe FontsApacheFont AwesomeGoogle Tag ManagerVimeoWordPressjQuery

Certifications & Partners

ISO 9001ISO 14001

Hosting & Email

Email provider

Outlook.com (free)

Hosting

CLDIN-NL Your Hosting B.V. part of Your.Online, NL

Website info

HTTPS Ja

Languages CS, DE, EN, FR, NL

Features

Ads Contact page

Security

✓ HTTPS

✓ SPF

✓ DMARC

Network

✓ IPv6

Details

Company number

0405.714.970

VAT number

BE 0405.714.970

Registered office

Hekkestraat 16, 9308 Aalst

Names & denominations

Culobel

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

19 November 1942

Peppol

Active · Active since 21 Oct 2026

Contact

culobel.be [email protected] +32/53/777.888

Activities · NACE

Bewerken van metaal en poedermetallurgie

Persen, stampen en profielwalsen van metaal

Vervaardiging van overige artikelen van metaal, n.e.g.

Vervaardiging van overige producten van metaal, neg

Persen, stampen en profielwalsen van metaal; poedermetallurgie

Vervaardiging van metalen constructiewerken en delen daarvan

Vervaardiging van andere tanks, reservoirs en bergingsmiddelen, van metaal

View on CBE Public ↗ Annual accounts (NBB) ↗

Culobel

Warning lights

Financials

What happened to Culobel?

Management

Directors

Establishments

Establishment units

Who else lives here?

Website

Technologies

Certifications & Partners

Hosting & Email

Website info

Features

Security

Network

Details

Frequently asked questions