Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
BULMAC from Veurne, company number BE0434809527, closed financial year 2025 with a result of € -43,726 after tax. For that financial year BULMAC recorded a gross margin of € 37,397 and equity of € -244,333. Compared with financial year 2024, the result moved from € -74,976 to € -43,726. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ -244,333
▼ € 50,126 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -43,726
▲ 42 % less loss than in 2024
Profit after tax over the fiscal year.
€ 14,540
▼ 64% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -308,420.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 55,441
▲ 4% vs 2024
€ 55,400 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.
Debts at end 2025
€ 250,000
Loans from banks and other lenders, long and short.
€ 4,534
▲ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,811
▼ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 29,500 | € 26,442 | € 39,241 | € 37,397 | ▼ 5% |
| Profit after taxes | € -22,007 | € -47,125 | € -74,976 | € -43,726 | ▲ € 31,250 |
| Equity | € -59,307 | € -112,831 | € -194,207 | € -244,333 | ▼ € 50,126 |
| Total debts | € 277,574 | € 184,983 | € 271,897 | € 284,642 | ▲ 5% |
| Cash | € 57,401 | € 48,353 | € 40,619 | € 14,540 | ▼ 64% |
| Retained profit | € -142,593 | € -189,718 | € -264,694 | € -308,420 | ▼ € 43,726 |
| Bank debt | € 250,000 | € 165,000 | € 250,000 | € 250,000 | |
| Balance sheet total | € 218,267 | € 72,152 | € 77,690 | € 40,309 | ▼ 48% |
| Employees (FTE) | 1.4 | 1 | 1 | 1 |
Key figures of BULMAC, 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 BULMAC?
What happened at BULMAC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 43,726. Source: NBB ↗
- New establishment in Veurne. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,007 loss in 2022 to € 43,726 loss in 2025.
On average € 37,400 of value added per employee in 2025.
Management
The stake of C & C OPERATIONS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BULMACBehind BULMAC are C0083 BV, MC REAL ESTATE BV and HET ENGELS HOF BV. The shares are held by C & C OPERATIONS (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Celine Mattheeuws
Also active at: Transports Jean-Marie Dumont, Transport Denecker, ROMAC INTERNATIONAL, MATTHEEUWS ERIC TRANSPORT, ROMAC FUELS, C & C IMMO, C & C OPERATIONS
Managing director · represented by Mathieu Vander Paelt
Also active at: Transports Jean-Marie Dumont, Transport Denecker, ROMAC INTERNATIONAL, MATTHEEUWS ERIC TRANSPORT, ROMAC FUELS, C & C IMMO, C & C OPERATIONS
Chairman of the board · represented by Beatrice Matthys
Also active at: Transports Jean-Marie Dumont, Transport Denecker, ROMAC INTERNATIONAL, MATTHEEUWS ERIC TRANSPORT, ROMAC FUELS
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Welvaartstraat 7
8630 Veurne
Welvaartstraat 7 box 1
8630 Veurne
Active since 1 August 1988
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0434.809.527
- VAT number
- BE 0434.809.527
- Registered office
- Welvaartstraat 7, 8630 Veurne
- Names & denominations
- BULMAC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 July 1988
- Peppol
- Active · Active since 8 Oct 2025
- Activities · NACE
Goederenvervoer over de weg
Logistieke diensten
Douaneagentschappen
Overige vervoerondersteunende activiteiten