ACTIVE

Eucher

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Financial year 2025 · closed on 31/12/2025

Net result

142,3 k €

-17.2% YoY

Gross margin

476,1 k €

+1.7% YoY

Equity

3,5 M €

+4.3% YoY

What does Eucher do?

Eucher is a Public limited company incorporated in 1937. Its registered office is in Namur.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0401.390.057

Incorporation

24/09/1937

Legal form

Public limited company

Registered office

Rue les Tiennes(WD) 108
5100 Namur · WallonieSee on map

Contributed capital

2 757 300,34 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	476,1 k €	+1.7%	467,9 k €	-11.1%	526 k €	+3.3%	509,1 k €	+2.9%	494,9 k €	+3.7%	477,3 k €	+12.6%	423,7 k €	+19.5%	354,7 k €	-2.0%	361,8 k €	+0.6%	359,7 k €	+9.4%	328,8 k €	+1.5%	324,1 k €	+3.2%	313,9 k €	-2.3%	321,4 k €	+1.2%	317,7 k €	+8.6%	292,4 k €	+3.0%	283,9 k €	-10.8%	318,4 k €	-1.3%	322,6 k €	-0.9%	325,5 k €
EBITDA	418,5 k €	+2.3%	409 k €	+88.9%	216,5 k €	-53.2%	462,4 k €	+2.5%	451,3 k €	+55.6%	290,1 k €	-11.8%	328,8 k €	+24.6%	263,9 k €	-2.7%	271,2 k €	+0.3%	270,6 k €	+12.5%	240,5 k €	+3.8%	231,6 k €	+4.9%	220,9 k €	-6.9%	237,3 k €	-1.1%	240 k €	+10.9%	216,4 k €	+3.9%	208,3 k €	-22.8%	269,9 k €	-6.9%	289,9 k €	-1.2%	293,3 k €
Operating result	240,6 k €	+3.4%	232,7 k €	-30.6%	335,3 k €	+94.7%	172,2 k €	-52.4%	361,5 k €	+109%	173,1 k €	-16.0%	206,1 k €	+45.6%	141,6 k €	-8.4%	154,6 k €	-8.7%	169,4 k €	+17.7%	143,8 k €	+6.6%	135 k €	+6.5%	126,7 k €	-15.3%	149,6 k €	+0.1%	149,4 k €	+22.9%	121,5 k €	-18.5%	149 k €	+6.5%	139,9 k €	-51.7%	289,8 k €	+0.8%	287,6 k €
Net result	142,3 k €	-17.2%	171,8 k €	-47.4%	326,9 k €	+272%	87,9 k €	-62.4%	233,6 k €	+157%	90,8 k €	-7.7%	98,3 k €	+6.0%	92,7 k €	-8.5%	101,4 k €	-9.0%	111,4 k €	+130%	48,4 k €	-14.6%	56,6 k €	+22.3%	46,3 k €	-24.5%	61,3 k €	+13.8%	53,8 k €	+190%	18,6 k €	-39.5%	30,7 k €	-29.5%	43,6 k €	-78.0%	198,3 k €	+7.7%	184,1 k €
Balance sheet
Equity	3,5 M €	+4.3%	3,3 M €	+5.5%	3,2 M €	+11.6%	2,8 M €	+3.2%	2,7 M €	+9.3%	2,5 M €	+3.8%	2,4 M €	+4.2%	2,3 M €	+4.2%	2,2 M €	+4.8%	2,1 M €	+5.5%	2 M €	+2.5%	2 M €	+3.0%	1,9 M €	+2.5%	1,9 M €	+3.4%	1,8 M €	+3.1%	1,7 M €	+1.1%	1,7 M €	+1.8%	1,7 M €	+306%	-823,5 k €	+19.4%	-1 M €
Total assets	4,5 M €	+0.8%	4,5 M €	+12.2%	4 M €	+2.2%	3,9 M €	-2.8%	4 M €	+25.5%	3,2 M €	-2.5%	3,3 M €	-2.8%	3,4 M €	-0.8%	3,4 M €	+6.2%	3,2 M €	-0.8%	3,3 M €	-2.9%	3,4 M €	+1.1%	3,3 M €	-2.0%	3,4 M €	-2.9%	3,5 M €	-2.3%	3,6 M €	-3.3%	3,7 M €	-0.9%	3,7 M €	+382%	771,4 k €	-0.2%	772,9 k €
Cash	260,4 k €	+146%	105,9 k €	+14.1%	92,8 k €	+599%	13,3 k €	-72.3%	48 k €	-72.0%	171,3 k €	+19.4%	143,4 k €	+17.7%	121,9 k €	+34.8%	90,4 k €	+34.8%	67,1 k €	-23.2%	87,4 k €	+57.7%	55,4 k €	+196%	18,7 k €	+171%	6,9 k €	-63.8%	19,1 k €	+100%	9,5 k €	-75.2%	38,5 k €	+82.5%	21,1 k €	+304%	5,2 k €	-8.0%	5,7 k €
Debts	1,1 M €	-9.1%	1,2 M €	+37.3%	857,9 k €	-22.0%	1,1 M €	-15.2%	1,3 M €	+83.0%	708,9 k €	-19.5%	880,7 k €	-18.2%	1,1 M €	-10.0%	1,2 M €	+9.3%	1,1 M €	-10.9%	1,2 M €	-9.5%	1,4 M €	-2.0%	1,4 M €	-7.8%	1,5 M €	-8.7%	1,6 M €	-8.3%	1,8 M €	-6.7%	1,9 M €	-4.7%	2 M €	+27.3%	1,6 M €	-10.9%	1,8 M €
Other
Workforce	–		–		–		–		–		0,3 ETP	-70.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+400%	0,2 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 · 3 active · 21 ended

Active mandates

Miriam Ledoux

Director

Active

Pierre Tries

Director

Active

TP DESIGN HOLDING

Director · 0808.671.083

Represented by Pierre Tries

Active

Ended mandates

Miriam Ledoux

Director · since 03 août 2020 · until 02 juin 2026

Ended

Pierre TRIES

Director · since 03 août 2020 · until 02 juin 2026

Ended

TP DESIGN HOLDING

Managing director · since 03 août 2020 · until 02 juin 2026 · 0808.671.083

Ended

TP DESIGN HOLDING

Director · since 03 août 2020 · until 02 juin 2026 · 0808.671.083

Represented by Pierre Tries

Ended

At this address

Other companies at this address

Company	CBE no.
TP DESIGN HOLDING● Active	0808.671.083

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	07/07/2026	04/06/2025	02/04/2024	26/07/2023	29/08/2022	01/07/2021
General meeting	30/06/2026	03/06/2025	31/03/2024	27/06/2023	07/06/2022	01/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	07/07/2026	French	PDF
Abridged model	31/12/2024	03/06/2025	04/06/2025	French	PDF
Abridged model	31/12/2023	31/03/2024	02/04/2024	French	PDF
Abridged model	31/12/2022	27/06/2023	26/07/2023	French	PDF
Abridged model	31/12/2021	07/06/2022	29/08/2022	French	PDF
Abridged model	31/12/2020	01/06/2021	01/07/2021	French	PDF
Abridged model	31/12/2019	03/08/2020	07/08/2020	French	PDF
Abridged model	31/12/2018	04/06/2019	29/07/2019	French	PDF
Abridged model	31/12/2017	05/06/2018	31/07/2018	French	PDF
Micro model	31/12/2016	06/06/2017	27/06/2017	French	PDF
Abridged model	31/12/2015	07/06/2016	30/06/2016	French	PDF
Abridged model	31/12/2014	02/06/2015	06/07/2015	French	PDF
Abridged model	31/12/2013	03/06/2014	18/07/2014	French	PDF
Abridged model	31/12/2012	04/06/2013	02/07/2013	French	PDF
Abridged model	31/12/2011	05/06/2012	28/06/2012	French	PDF
Abridged model	31/12/2010	07/06/2011	22/06/2011	French	PDF
Abridged model	31/12/2009	01/06/2010	23/08/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	12/08/2009	French	PDF
Abridged model	31/12/2007	03/06/2008	16/07/2008	French	PDF
Abridged model	31/12/2006	05/06/2007	18/06/2007	French	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 · 3 active · 21 ended

Active mandates

Miriam Ledoux

Director

Active

Pierre Tries

Director

Active

TP DESIGN HOLDING

Director · 0808.671.083

Represented by Pierre Tries

Active

Ended mandates

Miriam Ledoux

Director · since 03 août 2020 · until 02 juin 2026

Ended

Pierre TRIES

Director · since 03 août 2020 · until 02 juin 2026

Ended

TP DESIGN HOLDING

Managing director · since 03 août 2020 · until 02 juin 2026 · 0808.671.083

Ended

TP DESIGN HOLDING

Director · since 03 août 2020 · until 02 juin 2026 · 0808.671.083

Represented by Pierre Tries

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/03/2023
DEMISSIONS, NOMINATIONS
PDF
Registered office24/11/2022
SIEGE SOCIAL
PDF
Mandates13/08/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates05/08/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates05/03/2009
DEMISSIONS, NOMINATIONS
PDF
Capital / shares11/12/2008
OBJET - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates04/07/2006
DEMISSIONS, NOMINATIONS
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 2025142,3 k €↓
2024
Annual accounts 2024171,8 k €↓
2023
Annual accounts 2023326,9 k €↑
2022
Annual accounts 202287,9 k €↓
2021
Annual accounts 2021233,6 k €↑
2020
Annual accounts 202090,8 k €↓
2019
Annual accounts 201998,3 k €↑
2018
Annual accounts 201892,7 k €↓
2017
Annual accounts 2017101,4 k €↓
2016
Annual accounts 2016111,4 k €↑
2015
Annual accounts 201548,4 k €↓
2014
Annual accounts 201456,6 k €↑
2013
Annual accounts 201346,3 k €↓
2012
Annual accounts 201261,3 k €↑
2011
Annual accounts 201153,8 k €↑
2010
Annual accounts 201018,6 k €↓
2009
Annual accounts 200930,7 k €↓
2008
Annual accounts 200843,6 k €↓
2007
Annual accounts 2007198,3 k €↑
2006
Annual accounts 2006184,1 k €
24/09/1937
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

Eucher

Overview

What does Eucher do?

Trend over 20 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