ACTIVE

Bureau d'Electronique appliquée

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Financial year 2025 · Closed on 31/03/2025

Net result31,3 M €+27,1 %over 1 year

Revenue120,7 M €+10,2 %over 1 year

Equity39,7 M €+9,3 %over 1 year

Workforce300,9 ETP+1,5 %over 1 year

Identity

Source · BCE/KBO

Bureau d'Electronique appliquée is a Public limited company incorporated in 1978. Its main activity is: Manufacture of other electrical equipment. Its registered office is in Liège. It employs on average 300,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0419.044.453
Incorporation: 14/12/1978
Legal form: Public limited company
Registered office: Allée des Noisetiers 5
4031 Liège · WallonieSee on map
Contributed capital: 8 895 221,58 €
Latest accounts: 31/03/2025
Average workforce: 300,9 ETP

Activities (NACE)

27900Manufacture of other electrical equipment· main 27900Manufacture of other electrical equipment 30020Manufacture of other transport equipment 33200Installation of industrial machinery and equipment 33200Installation of industrial machinery and equipment 33300Repair and installation of machinery and equipment+4

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 19 filings

Trend over 11 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	120,7 M €	+10.2%	109,6 M €	-3.0%	113 M €	+18.9%	95 M €	+15.9%	82 M €
EBITDA	27,2 M €	+14.2%	23,8 M €	-4.2%	24,9 M €	+23.3%	20,2 M €	-3.6%	20,9 M €
Operating result	24,4 M €	+12.8%	21,7 M €	-2.2%	22,1 M €	+22.2%	18,1 M €	-5.3%	19,1 M €
Net result	31,3 M €	+27.1%	24,7 M €	+6.1%	23,3 M €	+9.6%	21,2 M €	-5.9%	22,5 M €
Balance sheet
Equity	39,7 M €	+9.3%	36,3 M €	+3.5%	35,1 M €	+13.3%	31 M €	-77.7%	138,6 M €
Total assets	78,2 M €	+14.9%	68 M €	-5.4%	71,9 M €	+43.3%	50,2 M €	-68.9%	161,2 M €
Cash	3,9 M €	-67.8%	12 M €	-24.9%	16 M €	+114%	7,5 M €	+0.0%	7,5 M €
Debts	38,1 M €	+22.8%	31 M €	-15.0%	36,5 M €	+94.3%	18,8 M €	-14.9%	22,1 M €
Other
Workforce	300,9 ETP	+1.5%	296,5 ETP	+6.0%	279,8 ETP	+14.3%	244,9 ETP	+4.7%	234,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/03/2025

7 active · 34 ended

Active mandates

AN BOMANS

Director · since 13 septembre 2024 · until 13 septembre 2030

Active

CHRISTINE BRUCHET

Director · since 13 septembre 2024 · until 13 septembre 2030

Active

ELMAR KOCH

Managing director · since 13 septembre 2024 · until 13 septembre 2030

Active

Julie J Eaton

Director · since 13 septembre 2024 · until 13 septembre 2030

Active

Laurent Sarlette

Director · since 13 septembre 2024 · until 13 septembre 2030

Active

Olivier De Boeck

Director · since 13 septembre 2024 · until 13 septembre 2030

Active

Véronique Giralt

Director · since 13 septembre 2024 · until 31 décembre 2024

Active

Ended mandates

Laurent Sarlette

Director · since 01 avril 2024 · until 13 septembre 2024

Ended

Olivier De Boeck

Director · since 01 janvier 2023 · until 13 septembre 2024

Ended

Véronique Giralt

Director · since 01 janvier 2023 · until 13 septembre 2024

Ended

Julie J Eaton

Director · since 01 avril 2022 · until 13 septembre 2024

Ended

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	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/10/2025	14/10/2024	06/10/2023	06/10/2022	27/09/2021	11/03/2021
General meeting	12/09/2025	13/09/2024	08/09/2023	09/09/2022	10/09/2021	11/09/2020
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
Full model	31/03/2025	12/09/2025	08/10/2025	French	PDF
Full model	31/03/2024	13/09/2024	14/10/2024	French	PDF
Full model	31/03/2023	08/09/2023	06/10/2023	French	PDF
Full model	31/03/2022	09/09/2022	06/10/2022	French	PDF
Full model	31/03/2021	10/09/2021	27/09/2021	French	PDF
Full model	31/03/2020	11/09/2020	11/03/2021	French	PDF
Full model	31/03/2019	13/09/2019	07/11/2019	French	PDF
Full model	31/03/2018	14/09/2018	19/09/2018	French	PDF
Full model	31/03/2017	08/09/2017	08/09/2017	French	PDF
Full model	31/03/2016	09/09/2016	16/09/2016	French	PDF
Full model	31/03/2015	11/09/2015	18/09/2015	French	PDF
Full model	31/03/2014	12/09/2014	22/09/2014	French	PDF
Full model	31/03/2013	13/09/2013	23/10/2013	French	PDF
Full model	31/03/2012	14/09/2012	25/09/2012	French	PDF
Full model	31/03/2011	09/09/2011	19/09/2011	French	PDF
Full model	31/03/2010	10/09/2010	24/09/2010	French	PDF
Full model	31/03/2009	11/09/2009	02/10/2009	French	PDF
Full model	31/03/2008	12/09/2008	24/09/2008	French	PDF
Full model	31/03/2007	14/09/2007	02/10/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 31/03/2025

7 active · 34 ended

Active mandates

AN BOMANS

Director · since 13 septembre 2024 · until 13 septembre 2030

Active

CHRISTINE BRUCHET

Director · since 13 septembre 2024 · until 13 septembre 2030

Active

ELMAR KOCH

Managing director · since 13 septembre 2024 · until 13 septembre 2030

Active

Julie J Eaton

Director · since 13 septembre 2024 · until 13 septembre 2030

Active

Laurent Sarlette

Director · since 13 septembre 2024 · until 13 septembre 2030

Active

Olivier De Boeck

Director · since 13 septembre 2024 · until 13 septembre 2030

Active

Véronique Giralt

Director · since 13 septembre 2024 · until 31 décembre 2024

Active

Ended mandates

Laurent Sarlette

Director · since 01 avril 2024 · until 13 septembre 2024

Ended

Olivier De Boeck

Director · since 01 janvier 2023 · until 13 septembre 2024

Ended

Véronique Giralt

Director · since 01 janvier 2023 · until 13 septembre 2024

Ended

Julie J Eaton

Director · since 01 avril 2022 · until 13 septembre 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates27/08/2026
Démission/Nomination d'administateurs
PDF
Mandates08/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates08/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates14/03/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates11/02/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates31/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates31/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates23/03/2023
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

01/10/2025
nominationBelle Spaan — administrateur
13/09/2025
nominationBart Deroover — administrateur
2025
Annual accounts 202531,3 M €↑
13/09/2024
reconductionChristine SAMUEL — administrateur
13/09/2024
reconductionElmar Koch — administrateur
13/09/2024
reconductionAn Bomans — administrateur
13/09/2024
reconductionLaurent Sarlette — administrateur
13/09/2024
reconductionVéronique GIRALT — administrateur
13/09/2024
reconductionOlivier De Boeck — administrateur
13/09/2024
reconductionEaton Julie J — administrateur
01/04/2024
nominationLaurent Sarlette — administrateur
2024
Annual accounts 202424,7 M €↑
08/09/2023
reconductionPwC Réviseur d'Entreprises SRL — commissaire
2023
Annual accounts 202323,3 M €↑
01/01/2023
nominationOlivier De Boeck — administrateur
01/01/2023
nominationVéronique Giralt — administrateur
01/04/2022
nominationJulie J Eaton — administratrice
2022
Annual accounts 202221,2 M €↓
2021
Annual accounts 202122,5 M €↑
2020
Annual accounts 202019,6 M €↑
2019
Annual accounts 201917,5 M €↑
2018
Annual accounts 201815,4 M €↑
2017
Annual accounts 201710,8 M €↑
2016
Annual accounts 20168,1 M €↓
2013
Annual accounts 20138,7 M €
14/12/1978
IncorporationPublic limited company

Bureau d'Electronique appliquée

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