ACTIVE

Gravaubel

Financial year 2025 · closed on 31/12/2025
Net result
830,5 k €
+38.9% YoY
Revenue
40,8 M €
+1.9% YoY
Equity
9 M €
+3.2% YoY
Workforce
61,9 ETP
+3.9% YoY

What does Gravaubel do?

Gravaubel is a Public limited company incorporated in 1941. Its main activity is: Construction of roads and motorways. Its registered office is in Liège. It employs on average 61,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0402.404.104
Incorporation
31/12/1941
Legal form
Public limited company
Registered office
Avenue de l'Indépendance 83
4020 Liège · WallonieSee on map
Contributed capital
620 000,00 €
Latest accounts
31/12/2025
Average workforce
61,9 ETP
Joint committees (2)
  • 124
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Revenue40,8 M €40 M €32 M €29,6 M €25,5 M €24,8 M €32,3 M €39,7 M €33,1 M €24,3 M €24 M €23 M €30,8 M €29,7 M €35,7 M €23,6 M €21,4 M €19,5 M €15,8 M €21,1 M €
EBITDA2,6 M €2,5 M €1,4 M €730,4 k €-64 k €2,2 M €2,2 M €3,6 M €2,8 M €1,9 M €1,8 M €1,4 M €2,2 M €2 M €3,1 M €1,4 M €1,5 M €1,3 M €1,1 M €1,8 M €
Operating result1,2 M €976,4 k €441,6 k €338,5 k €-594,4 k €1,1 M €929,5 k €2,1 M €1,4 M €989,4 k €949,1 k €608,1 k €1,3 M €1,1 M €2,3 M €914,3 k €1 M €703 k €409,9 k €947,1 k €
Net result830,5 k €597,9 k €460,2 k €344,4 k €758,8 k €707,9 k €624,6 k €1,4 M €915,9 k €826,2 k €785,9 k €253,9 k €925,4 k €726,6 k €1,5 M €514,8 k €681,5 k €573,5 k €172,9 k €702,7 k €
Balance sheet
Equity9 M €8,7 M €8,2 M €8 M €7,9 M €8,1 M €8,7 M €8,6 M €8,7 M €8,4 M €7,6 M €6,9 M €5,9 M €5,2 M €6 M €4,7 M €4,4 M €3,9 M €3,4 M €3,5 M €
Total assets18,1 M €21,4 M €19,5 M €17,4 M €16,5 M €19 M €19,9 M €21,4 M €21,9 M €18,9 M €16 M €18,6 M €16 M €15,2 M €17 M €12,4 M €10,5 M €10,5 M €10,6 M €10,6 M €
Cash53,1 k €20 k €500,9 k €419,8 k €1,4 M €2,3 M €3,1 M €3,2 M €3,3 M €1,9 M €2,6 M €2,9 M €1,4 M €1,1 M €148 k €295,7 k €579,6 k €638 k €673,6 k €101,6 k €
Debts8,5 M €12,1 M €11 M €8,9 M €7,6 M €9,5 M €9,5 M €11,1 M €11,6 M €9,2 M €7,3 M €10,7 M €9,2 M €9,3 M €10,5 M €7,4 M €5,9 M €6,4 M €7 M €6,7 M €
Other
Workforce61,9 ETP59,6 ETP57,3 ETP55,3 ETP60,9 ETP63,1 ETP63,5 ETP65,0 ETP62,2 ETP56,8 ETP51,1 ETP45,5 ETP48,1 ETP46,2 ETP46,6 ETP47,6 ETP44,6 ETP43,5 ETP46,5 ETP46,7 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 20 ended

Active mandates

C&M FRERE CONSTRUCT

Director · since 29 septembre 2021 · until 20 avril 2027 · 0770.626.594

Represented by Hervé Frere

Active
DelGest

Director · since 29 septembre 2021 · until 20 avril 2027 · 0771.766.048

Represented by Pascal DELHEZ

Active
FINOFAB

Director · since 29 septembre 2021 · until 20 avril 2027 · 0832.476.665

Represented by Olivier FABRY

Active
JOLY SA

Managing director · since 29 septembre 2021 · until 20 avril 2027 · 0464.849.536

Represented by Pierre JOLY

Active
TALAND

Director · since 29 septembre 2021 · until 20 avril 2027 · 0772.732.088

Represented by Bertrand TALLIEU

Active

Ended mandates

C&M FRERE CONSTRUCT

Director · since 29 septembre 2021 · until 20 avril 2027 · 0770.626.594

Represented by Hervé FRERE

Ended
FINOFAB

Director · since 29 septembre 2021 · until 20 avril 2027 · 0832.476.665

Represented by OLIVIER FABRY

Ended
JOLY SA

Managing director · since 29 septembre 2021 · until 20 avril 2027 · 0464.849.536

Represented by Pierre JOLY

Ended
Charles JONLET

Director · since 15 juin 2018 · until 16 avril 2024

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202618/06/202517/06/202425/08/202305/07/202207/07/2021
General meeting09/06/202611/06/202511/06/202426/06/202329/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

22 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202509/06/202630/06/2026FrenchPDF
Full model31/12/202411/06/202518/06/2025FrenchPDF
Full model31/12/202311/06/202417/06/2024FrenchPDF
Full modelCorrection31/12/202226/06/202325/08/2023FrenchPDF
Full model31/12/202226/06/202329/06/2023FrenchPDF
Full model31/12/202129/06/202205/07/2022FrenchPDF
Full model31/12/202030/06/202107/07/2021FrenchPDF
Full model31/12/201903/07/202030/07/2020FrenchPDF
Full model31/12/201829/06/201902/07/2019FrenchPDF
Full model31/12/201715/06/201802/07/2018FrenchPDF
Full model31/12/201616/06/201719/06/2017FrenchPDF
Full model31/12/201524/06/201606/07/2016FrenchPDF
Full model31/12/201426/06/201508/07/2015FrenchPDF
Full model31/12/201326/06/201407/07/2014FrenchPDF
Full model31/12/201207/05/201306/06/2013FrenchPDF
Full model31/12/201108/05/201207/06/2012FrenchPDF
Full modelCorrection31/12/201019/04/201101/03/2012FrenchPDF
Full model31/12/201019/04/201119/05/2011FrenchPDF
Full model31/12/200920/04/201017/05/2010FrenchPDF
Full model31/12/200821/04/200914/05/2009FrenchPDF
Full model31/12/200706/05/200804/06/2008FrenchPDF
Full model31/12/200608/05/200706/06/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 5 active · 20 ended

Active mandates

C&M FRERE CONSTRUCT

Director · since 29 septembre 2021 · until 20 avril 2027 · 0770.626.594

Represented by Hervé Frere

Active
DelGest

Director · since 29 septembre 2021 · until 20 avril 2027 · 0771.766.048

Represented by Pascal DELHEZ

Active
FINOFAB

Director · since 29 septembre 2021 · until 20 avril 2027 · 0832.476.665

Represented by Olivier FABRY

Active
JOLY SA

Managing director · since 29 septembre 2021 · until 20 avril 2027 · 0464.849.536

Represented by Pierre JOLY

Active
TALAND

Director · since 29 septembre 2021 · until 20 avril 2027 · 0772.732.088

Represented by Bertrand TALLIEU

Active

Ended mandates

C&M FRERE CONSTRUCT

Director · since 29 septembre 2021 · until 20 avril 2027 · 0770.626.594

Represented by Hervé FRERE

Ended
FINOFAB

Director · since 29 septembre 2021 · until 20 avril 2027 · 0832.476.665

Represented by OLIVIER FABRY

Ended
JOLY SA

Managing director · since 29 septembre 2021 · until 20 avril 2027 · 0464.849.536

Represented by Pierre JOLY

Ended
Charles JONLET

Director · since 15 juin 2018 · until 16 avril 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates15/03/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/11/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/10/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Other04/09/2019
    DIVERS
    PDF
  • Mandates06/09/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/07/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office30/03/2017
    SIEGE SOCIAL
    PDF
  • Mandates01/02/2017
    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

Timeline

  1. 2025
    Annual accounts 2025830,5 k €
  2. 2024
    Annual accounts 2024597,9 k €
  3. 2023
    Annual accounts 2023460,2 k €
  4. 2022
    Annual accounts 2022344,4 k €
  5. 2021
    Annual accounts 2021758,8 k €
  6. 2020
    Annual accounts 2020707,9 k €
  7. 2019
    Annual accounts 2019624,6 k €
  8. 2018
    Annual accounts 20181,4 M €
  9. 2017
    Annual accounts 2017915,9 k €
  10. 2016
    Annual accounts 2016826,2 k €
  11. 2015
    Annual accounts 2015785,9 k €
  12. 2014
    Annual accounts 2014253,9 k €
  13. 2013
    Annual accounts 2013925,4 k €
  14. 2012
    Annual accounts 2012726,6 k €
  15. 2011
    Annual accounts 20111,5 M €
  16. 2010
    Annual accounts 2010514,8 k €
  17. 2009
    Annual accounts 2009681,5 k €
  18. 2008
    Annual accounts 2008573,5 k €
  19. 2007
    Annual accounts 2007172,9 k €
  20. 2006
    Annual accounts 2006702,7 k €
  21. 31/12/1941
    IncorporationPublic limited company