ACTIVE

ENTERTAINMENT RESEARCH INVESTMENT CORPORATION

Financial year 2025 · Closed on 31/12/2025

Net result-38,6 k €-20,3 %over 1 year

Revenue119,5 k €-18,1 %over 1 year

Equity43 k €-47,3 %over 1 year

Identity

Source · BCE/KBO

ENTERTAINMENT RESEARCH INVESTMENT CORPORATION is a Public limited company incorporated in 1978. Its main activity is: Management consultancy activities. Its registered office is in Uccle.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0418.039.316
Incorporation: 09/02/1978
Legal form: Public limited company
Registered office: Avenue des Myrtilles 17
1180 Uccle · BruxellesSee on map
Contributed capital: 61 973,38 €
Latest accounts: 31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 46190Agents involved in the sale of a variety of goods 46190Agents involved in the sale of a variety of goods 51190Passenger air transport

Signals

Solid equityLow riskGood liquidity

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	119,5 k €	-18.1%	145,8 k €	-20.9%	184,3 k €	+16.8%	157,8 k €	+19.6%	132 k €
EBITDA	-37,2 k €	-15.3%	-32,3 k €	-541%	7,3 k €	+14.7%	6,4 k €	+109%	3,1 k €
Operating result	-37,2 k €	-15.3%	-32,3 k €	-541%	7,3 k €	+14.7%	6,4 k €	+109%	3,1 k €
Net result	-38,6 k €	-20.3%	-32,1 k €	-488%	8,3 k €	+96.0%	4,2 k €	+209%	1,4 k €
Balance sheet
Equity	43 k €	-47.3%	81,5 k €	-28.2%	113,6 k €	+7.9%	105,3 k €	+4.2%	101,1 k €
Total assets	49,8 k €	-53.3%	106,7 k €	-24.1%	140,6 k €	+10.0%	127,8 k €	-9.8%	141,7 k €
Cash	3,1 k €	-55.0%	6,9 k €	-60.3%	17,4 k €	+15.5%	15 k €		–
Debts	6,8 k €	-65.8%	20 k €	-26.1%	27 k €	+20.0%	22,5 k €	-44.5%	40,6 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Davy Grunwald	MandateDirector01/04/2012 → 20/05/2027ended
Philippe Steurbaut	MandateDirector01/10/2012 → 20/05/2027endedManaging director18/05/2002 → 17/05/2014ended
Steve Grunwald	MandateManaging director21/05/2011 → 20/05/2027endedDirector01/01/2006 → 21/05/2011ended
Josef Grunwald	MandateDirector17/05/2014 → 20/05/2023ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jozef Grunwald	Director27/03/2002 → 17/08/2014

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	04/09/2026	12/08/2025	19/09/2024	31/07/2023	09/08/2022	29/07/2021
General meeting	30/06/2026	30/06/2025	30/08/2024	28/07/2023	24/06/2022	24/06/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	04/09/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	12/08/2025	Dutch	PDF
Full model	31/12/2023	30/08/2024	19/09/2024	Dutch	PDF
Full model	31/12/2022	28/07/2023	31/07/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	09/08/2022	Dutch	PDF
Full model	31/12/2020	24/06/2021	29/07/2021	Dutch	PDF
Full model	31/12/2019	25/06/2020	16/07/2020	Dutch	PDF
Full model	31/12/2018	27/06/2019	01/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	27/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	03/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	19/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	13/07/2015	Dutch	PDF
Full model	31/12/2013	17/05/2014	16/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	23/06/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	21/05/2011	26/08/2011	Dutch	PDF
Abridged model	31/12/2009	15/05/2010	28/07/2010	Dutch	PDF
Abridged model	31/12/2008	16/05/2009	03/08/2009	Dutch	PDF
Abridged model	31/12/2007	17/05/2008	07/07/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	04/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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

4 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Davy Grunwald	MandateDirector01/04/2012 → 20/05/2027ended
Philippe Steurbaut	MandateDirector01/10/2012 → 20/05/2027endedManaging director18/05/2002 → 17/05/2014ended
Steve Grunwald	MandateManaging director21/05/2011 → 20/05/2027endedDirector01/01/2006 → 21/05/2011ended
Josef Grunwald	MandateDirector17/05/2014 → 20/05/2023ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jozef Grunwald	Director27/03/2002 → 17/08/2014

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office22/10/2025
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Other12/03/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL
PDF
Mandates03/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/08/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/11/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2012
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/03/2012
ONTSLAGEN - BENOEMINGEN
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

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Davy Grunwald

Steve Grunwald

Philippe Steurbaut

Josef Grunwald

Jozef Grunwald

19781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027

ENTERTAINMENT RESEARCH INVESTMENT CORPORATION

Avenue des Myrtilles 17, 1180 UccleKasteleinsstraat 6, 1000 Brussels

Director

Managing directorDirector

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue des Myrtilles 17, 1180 UccleCurrent	accounts 2025	Accounts 2025 · 2026-00510635
Kasteleinsstraat 6, 1000 Brussels	accounts 2021 → 2024	Accounts 2024 · 2025-00380421

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ENTERTAINMENT RESEARCH INVESTMENT CORPORATIONCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00510635

Events

2025
Annual accounts 2025-38,6 k €↓
2024
Annual accounts 2024-32,1 k €↓
2023
Annual accounts 20238,3 k €↑
2022
Annual accounts 20224,2 k €↑
2021
Annual accounts 20211,4 k €↑
2020
Annual accounts 2020-34,6 k €↓
2019
Annual accounts 2019146,6 €↑
2018
Annual accounts 2018-2,8 k €↓
2017
Annual accounts 2017-2,6 k €↓
2016
Annual accounts 20166,6 k €↓
2015
Annual accounts 201513,2 k €↑
2014
Annual accounts 2014-47,1 €↓
2013
Annual accounts 201315,9 k €↑
2012
Annual accounts 201213,7 k €↑
2011
Annual accounts 20115,5 k €↑
2010
Annual accounts 2010-12,5 k €↓
2009
Annual accounts 20098,7 k €↓
2008
Annual accounts 200811,7 k €↑
2007
Annual accounts 2007-1,9 k €↓
2006
Annual accounts 20067,3 k €
09/02/1978
IncorporationPublic limited company

ENTERTAINMENT RESEARCH INVESTMENT CORPORATION

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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