ACTIVE

Spencer Stuart Management Consultants

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Financial year 2025 · Closed on 30/09/2025

Net result350,1 k €-43,4 %over 1 year
Revenue11,7 M €-0,6 %over 1 year
Equity3,1 M €+12,7 %over 1 year
Workforce13,4 ETP-4,3 %over 1 year

Identity

Source · BCE/KBO

Spencer Stuart Management Consultants is a Public limited company incorporated in 1970. Its main activity is: Market research and public opinion polling. Its registered office is in Ixelles. It employs on average 13,4 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0406.981.316
Incorporation
30/01/1970
Legal form
Public limited company
Registered office
Place du Champ de Mars 5
1050 Ixelles · BruxellesSee on map
Contributed capital
4 174 260,03 €
Latest accounts
30/09/2025
Average workforce
13,4 ETP
Joint committees (1)
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 21 filings

Trend over 8 financial years

20252024202320222021
Income statement
Revenue11,7 M €11,8 M €11 M €10,8 M €9,6 M €
EBITDA499,5 k €636,7 k €-115,9 k €268,8 k €565,6 k €
Operating result434,1 k €549,7 k €-201,2 k €192,4 k €532,6 k €
Net result350,1 k €619,2 k €-224,3 k €225 k €521,5 k €
Balance sheet
Equity3,1 M €2,8 M €2,1 M €2,4 M €2,1 M €
Total assets7,6 M €6,5 M €6 M €4,5 M €4,6 M €
Cash540,3 k €505,7 k €669 k €1,9 M €3,6 M €
Debts4,4 M €3,7 M €3,8 M €2,1 M €2,5 M €
Other
Workforce13,4 ETP14,0 ETP13,2 ETP11,9 ETP11,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

3 active · 18 ended

Active mandates

« OLIVIER KNAPP CONSULTING »

Director · since 29 mai 2024 · until 20 mars 2030 · 0707.537.004

Represented by Olivier Knapp

Active
Elias Nevarez

Director · since 29 mai 2024 · until 20 mars 2030

Active
Luigi Paro

Director · since 29 mai 2024 · until 20 mars 2030

Active

Ended mandates

Elias Nevarez

Director · since 15 mars 2023 · until 29 mai 2024

Ended
Luigi Paro

Director · since 15 mars 2023 · until 29 mai 2024

Ended
« OLIVIER KNAPP CONSULTING »

Director · since 22 octobre 2018 · until 20 mars 2024 · 0707.537.004

Represented by Olivier Knapp

Ended
« OLIVIER KNAPP CONSULTING »

Director · since 22 octobre 2018 · until 29 mai 2024 · 0707.537.004

Represented by Olivier Knapp

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/03/202614/04/202531/05/202421/03/202302/05/202223/04/2021
General meeting18/03/202619/03/202529/05/202415/03/202314/04/202227/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model30/09/202518/03/202630/03/2026DutchPDF
Full model30/09/202419/03/202514/04/2025DutchPDF
Full model30/09/202329/05/202431/05/2024DutchPDF
Full model30/09/202215/03/202321/03/2023DutchPDF
Full model30/09/202114/04/202202/05/2022DutchPDF
Full model30/09/202027/03/202123/04/2021DutchPDF
Full model30/09/201927/03/202010/04/2020DutchPDF
Full model30/09/201827/03/201926/04/2019DutchPDF
Full model30/09/201727/03/201827/04/2018DutchPDF
Full model30/09/201607/04/201711/04/2017DutchPDF
Full model30/09/201527/03/201613/05/2016DutchPDF
Full model30/09/201427/03/201530/03/2015DutchPDF
Full model30/09/201325/07/201425/07/2014DutchPDF
Full model30/09/201204/09/201306/09/2013DutchPDF
Full model30/09/201126/12/201207/01/2013DutchPDF
Full modelCorrection30/09/201006/04/201115/09/2011DutchPDF
Full model30/09/201006/04/201107/04/2011DutchPDF
Full model30/09/200929/03/201031/03/2010DutchPDF
Full model30/09/200824/04/200926/05/2009DutchPDF
Full model30/09/200717/03/200820/03/2008DutchPDF
Full model30/09/200607/03/200726/03/2007DutchPDF

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.

Board of directors

Source · NBB, accounts to 30/09/2025

3 active · 18 ended

Active mandates

« OLIVIER KNAPP CONSULTING »

Director · since 29 mai 2024 · until 20 mars 2030 · 0707.537.004

Represented by Olivier Knapp

Active
Elias Nevarez

Director · since 29 mai 2024 · until 20 mars 2030

Active
Luigi Paro

Director · since 29 mai 2024 · until 20 mars 2030

Active

Ended mandates

Elias Nevarez

Director · since 15 mars 2023 · until 29 mai 2024

Ended
Luigi Paro

Director · since 15 mars 2023 · until 29 mai 2024

Ended
« OLIVIER KNAPP CONSULTING »

Director · since 22 octobre 2018 · until 20 mars 2024 · 0707.537.004

Represented by Olivier Knapp

Ended
« OLIVIER KNAPP CONSULTING »

Director · since 22 octobre 2018 · until 29 mai 2024 · 0707.537.004

Represented by Olivier Knapp

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates30/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/03/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/02/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/10/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/12/2021
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates25/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/05/2020
    ONTSLAGEN - BENOEMINGEN
    PDF

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 2025350,1 k €↓
  2. 2024
    Annual accounts 2024619,2 k €↑
  3. 2023
    Annual accounts 2023-224,3 k €↓
  4. 2022
    Annual accounts 2022225 k €↓
  5. 2021
    Annual accounts 2021521,5 k €↑
  6. 2020
    Annual accounts 2020-63,5 k €↓
  7. 2019
    Annual accounts 201925,4 k €↑
  8. 2018
    Annual accounts 2018-208,3 k €
  9. 30/01/1970
    IncorporationPublic limited company