Financials
Financial year 2025
CULLEN INTERNATIONAL from Oudergem, company number BE0429199165, closed financial year 2025 with a result of € 28,582 after tax. For that financial year CULLEN INTERNATIONAL recorded a gross margin of € 5.3 million and equity of € 2.5 million. Compared with financial year 2024, the result moved from € 203,980 to € 28,582. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 2.5 million
▼ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 28,582
▼ 86% vs 2024
Profit after tax over the fiscal year.
€ 4 million
▼ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 500,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
38.1
▲ 1.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5 million
▲ 10% vs 2024
€ 130,000 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.
€ 7,710
▼ 7% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 449,288
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1.1 million
▼ 9% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 4,706,062 | € 5,014,608 | € 5,752,144 | € 5,263,153 | ▼ 9% |
| Profit after taxes | € 452,804 | € 377,967 | € 203,980 | € 28,582 | ▼ 86% |
| Equity | € 3,307,005 | € 3,084,972 | € 2,962,810 | € 2,452,360 | ▼ 17% |
| Total debts | € 4,312,091 | € 3,878,991 | € 5,162,705 | € 5,106,707 | ▼ 1% |
| Cash | € 3,971,538 | € 3,336,473 | € 4,009,691 | € 3,986,047 | ▼ 1% |
| Retained profit | € 3,068,260 | € 2,846,226 | € 2,550,206 | € 2,078,787 | ▼ 18% |
| Dividend | € 200,000 | € 600,000 | € 500,000 | € 500,000 | |
| Balance sheet total | € 7,619,096 | € 6,963,963 | € 8,125,515 | € 7,559,067 | ▼ 7% |
| Employees (FTE) | 34.4 | 35.4 | 36.2 | 38.1 | ▲ 1.9 |
Key figures of CULLEN INTERNATIONAL, 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 CULLEN INTERNATIONAL?
What happened at CULLEN INTERNATIONAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 28,582 (▼ 86% vs 2024). Source: NBB ↗
- Ezequiel Dominguez stepped down as director. NBB
- Bernard Marr stepped down as director. NBB
- Graham Tidd stepped down as director. NBB
- Philippe Defraigne stepped down as director. NBB
- Jean Cullen stepped down as director. NBB
- All Together SRL stepped down as director. NBB
- Ezequiel Dominguez became a director. NBB
In short
From € 452,804 profit in 2022 to € 28,582 profit in 2025.
Paid € 670,177 in corporate taxes since 2022.
Best year ever: 2022, with € 452,804 profit.
On average € 138,100 of value added per employee in 2025.
Management
The stake of Wallonie Entreprendre comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CULLEN INTERNATIONALThe shares are held by Wallonie Entreprendre (10.1%). It owns 22.5% of Ulobby ApS itself.
Directors
According to the 2025 annual accounts
Ezequiel Dominguez
Managing director
since 2025 · until 2026
Bernard Marr
Director
since 2025 · until 2026
Graham Tidd
Director
since 2025 · until 2026
since 2025 · until 2026
Jean Cullen
Chairman of the board
since 2025 · until 2026
Director · represented by Bruno Segers
Also active at: AUTOMOTIVE SYSTEMS, AUTOMOTIVE SYSTEMS HOLDING
since 2025 · until 2026
Shareholders
10.1%
Participations
Ulobby ApS
22.5%
Establishments
Establishment units
Physical locations of this company
Lucien Outersgaarde 11-21 box 1
1160 Oudergem
Lucien Outersgaarde 11
1160 Oudergem
Active since 1 September 2008
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0429.199.165
- VAT number
- BE 0429.199.165
- Registered office
- Lucien Outersgaarde 11-21 bus 1, 1160 Oudergem
- Names & denominations
- CULLEN INTERNATIONAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 June 1986
- Peppol
- Active · Active since 8 Jan 2025
- Activities · NACE
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