ACTIVE

Société royale "Le Cheval de Sport belge" - Koninklijke vereniging "Het Belgisch Sportpaard"

Financial year 2025 · Closed on 31/12/2025

Net result-5,7 k €-125,4 %over 1 year

Gross margin209,5 k €+6,7 %over 1 year

Equity73,6 k €-7,1 %over 1 year

Identity

Source · BCE/KBO

Société royale "Le Cheval de Sport belge" - Koninklijke vereniging "Het Belgisch Sportpaard" is a Non-profit organization incorporated in 1963. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Namur.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0408.630.613
Incorporation: 18/04/1963
Legal form: Non-profit organization
Registered office: Avenue Prince de Liège(JB) 103 box 4
5100 Namur · WallonieSee on map
Latest accounts: 31/12/2025

Activities (NACE)

72109Research and experimental development on natural sciences and engineering· main 72190Other research and experimental development on natural sciences and engineering 73100Advertising 58190Other publishing activities 58190Other publishing activities 93110Operation of sports facilities+3

Joint committees (3)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 19 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	209,5 k €	+6.7%	196,2 k €	+28.8%	152,4 k €	-18.3%	186,5 k €	+12.6%	165,6 k €
EBITDA	5,8 k €	-80.1%	28,9 k €	+833%	3,1 k €	-87.4%	24,6 k €	+37.5%	17,9 k €
Operating result	-1,1 k €	-104%	24,3 k €	+4176%	-596,9 €	-103%	18,7 k €	+115%	8,7 k €
Net result	-5,7 k €	-125%	22,2 k €	+668%	-3,9 k €	-128%	13,9 k €	+115%	6,5 k €
Balance sheet
Equity	73,6 k €	-7.1%	79,2 k €	+39.0%	57 k €	-6.4%	60,9 k €	+29.6%	47 k €
Total assets	122,9 k €	-3.3%	127,1 k €	+52.5%	83,3 k €	-21.1%	105,5 k €	+37.8%	76,6 k €
Cash	27,3 k €	-53.1%	58,2 k €	+352%	12,9 k €	-76.6%	55,1 k €	+71.7%	32,1 k €
Debts	49,1 k €	+3.0%	47,7 k €	+87.8%	25,4 k €	-43.0%	44,6 k €	+50.4%	29,6 k €
Other
Workforce	–		3,3 ETP	-2.9%	3,4 ETP	-2.9%	3,5 ETP	0.0%	3,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

10 active · 19 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GILLES BOTTON	Director18/05/2026 → 18/05/2030
PHILIPPE EVRARD	Director18/05/2026 → 18/05/2030
Benoit DEVILLERS	Director11/08/2020 → 18/05/2028
Daniel BOUDRENGHIEN	Director30/06/2012 → 18/05/2028
Jacques FRASELLE	Vice-chairman of the board of directors11/08/2020 → 03/06/2026Director18/03/2006 → 11/08/2024ended
Laurence MEUNIER	Director12/04/2008 → 18/05/2030
Ludovic HAMMER	Director11/08/2020 → 18/05/2028
Marc PIERSON	Director12/04/2008 → 03/06/2026Mandate12/04/2008 → 12/04/2014ended
Patrick DONNAY	Chairman of the board of directors03/06/2024 → 18/05/2030
Xavier HANNETON	Director03/06/2024 → 18/05/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Nicolas BOUDRENGHIEN	Director03/06/2024 → 03/06/2026
Annick LANGENSCHEID	Director11/08/2020 → 11/08/2024
Christophe MAYERUS	Director11/08/2020 → 03/04/2023

Other companies at this address

Avenue Prince de Liège(JB) 103 5100 Namur

Company	CBE no.
FIDUCIAIRE A & T T● Active	0465.543.778

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro 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	30/07/2026	17/07/2025	29/07/2024	30/08/2023	30/06/2022	09/07/2021
General meeting	18/05/2026	26/05/2025	03/06/2024	30/05/2023	16/05/2022	25/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	18/05/2026	30/07/2026	French	PDF
Abridged model	31/12/2024	26/05/2025	17/07/2025	French	PDF
Abridged model	31/12/2023	03/06/2024	29/07/2024	French	PDF
Abridged model	31/12/2022	30/05/2023	30/08/2023	French	PDF
Abridged model	31/12/2021	16/05/2022	30/06/2022	French	PDF
Abridged model	31/12/2020	25/06/2021	09/07/2021	French	PDF
Abridged model	31/12/2019	11/08/2020	20/11/2020	French	PDF
Abridged model	31/12/2018	27/05/2019	13/06/2019	French	PDF
Abridged model	31/12/2017	27/04/2018	17/05/2018	French	PDF
Abridged model	31/12/2016	17/05/2017	23/06/2017	French	PDF
Abridged model	31/12/2015	25/05/2016	20/07/2016	French	PDF
Abridged model	31/12/2014	18/04/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	05/04/2014	24/06/2014	French	PDF
Abridged model	31/12/2012	06/04/2013	28/08/2013	French	PDF
Abridged model	31/12/2011	21/04/2012	11/06/2012	French	PDF
Abridged model	31/12/2010	30/04/2011	06/06/2011	French	PDF
Abridged model	31/12/2009	10/04/2010	09/08/2010	French	PDF
Abridged model	31/12/2008	18/04/2009	18/05/2009	French	PDF
Abridged model	31/12/2007	12/04/2008	04/06/2008	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/12/2025

10 active · 19 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GILLES BOTTON	Director18/05/2026 → 18/05/2030
PHILIPPE EVRARD	Director18/05/2026 → 18/05/2030
Benoit DEVILLERS	Director11/08/2020 → 18/05/2028
Daniel BOUDRENGHIEN	Director30/06/2012 → 18/05/2028
Jacques FRASELLE	Vice-chairman of the board of directors11/08/2020 → 03/06/2026Director18/03/2006 → 11/08/2024ended
Laurence MEUNIER	Director12/04/2008 → 18/05/2030
Ludovic HAMMER	Director11/08/2020 → 18/05/2028
Marc PIERSON	Director12/04/2008 → 03/06/2026Mandate12/04/2008 → 12/04/2014ended
Patrick DONNAY	Chairman of the board of directors03/06/2024 → 18/05/2030
Xavier HANNETON	Director03/06/2024 → 18/05/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Nicolas BOUDRENGHIEN	Director03/06/2024 → 03/06/2026
Annick LANGENSCHEID	Director11/08/2020 → 11/08/2024
Christophe MAYERUS	Director11/08/2020 → 03/04/2023

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates03/06/2026
DEMISSIONS, NOMINATIONS
PDF
Other13/08/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates01/02/2024
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates20/10/2020
DEMISSIONS, NOMINATIONS
PDF
Other16/02/2016
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Restructuring07/12/2015
DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Other11/04/2006
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1963

Name

Registered office

Annual accounts

Filings18 filings

Mandates

PHILIPPE EVRARD

GILLES BOTTON

Xavier HANNETON

Laurence MEUNIER

Jacques FRASELLE

Daniel BOUDRENGHIEN

Patrick DONNAY

Marc PIERSON

Benoit DEVILLERS

Ludovic HAMMER

Nicolas BOUDRENGHIEN

Francis CARLENS

and 17 more mandates

19661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

SBS STUD BOOKSociété royale "Le Cheval de Sport belge" - Koninklijke vereniging "Het Belgisch Sportpaard"

Avenue Prince de Liège(JB) 103 bte 4, 5100 Jambes (Namur)

Director

Vice-chairman of the board of directorsDirector

Director

Chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Prince de Liège(JB) 103 bte 4, 5100 Jambes (Namur)Current	accounts 2021 → 2025	Accounts 2025 · 2026-00376228

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Société royale "Le Cheval de Sport belge" - Koninklijke vereniging "Het Belgisch Sportpaard"Current		CBE
SBS STUD BOOK	accounts 2021 → 2025	Accounts 2025 · 2026-00376228
Société royale "Le Cheval de Sport belge" - Koninklijke vereniging "Het Belgisch Sportpaard"	accounts 2007 → 2020	Accounts 2020 · 2021-34400578

Events

2025
Annual accounts 2025-5,7 k €↓
2024
Annual accounts 202422,2 k €↑
2023
Annual accounts 2023-3,9 k €↓
2022
Annual accounts 202213,9 k €↑
2021
Annual accounts 20216,5 k €↓
2021
Name changeSBS STUD BOOK
2020
Annual accounts 20206,8 k €↓
2019
Annual accounts 201926,9 k €↑
2018
Annual accounts 2018-33,7 k €↓
2017
Annual accounts 2017-7,5 k €↓
2015
Annual accounts 201531,9 k €↑
2014
Annual accounts 201411,3 k €↓
2013
Annual accounts 201348,8 k €↑
2012
Annual accounts 2012-83,9 k €↓
2011
Annual accounts 201115,2 k €↓
2010
Annual accounts 201020,7 k €↓
2009
Annual accounts 200920,9 k €↑
2008
Annual accounts 2008-55,1 k €↓
2007
Annual accounts 200774 k €
18/04/1963
IncorporationNon-profit organization

Société royale "Le Cheval de Sport belge" - Koninklijke vereniging "Het Belgisch Sportpaard"

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events