ACTIVE

Collectif Recherche et Expression

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Financial year 2025 · Closed on 31/12/2025

Net result-88,4 k €-279,8 %over 1 year

Revenue96,5 k €-2,4 %over 1 year

Equity925 k €-6,9 %over 1 year

Workforce23,2 ETP-1,7 %over 1 year

Identity

Source · BCE/KBO

Collectif Recherche et Expression is a Non-profit organization incorporated in 1979. Its main activity is: Security and investigation activities. Its registered office is in Woluwe-Saint-Lambert. It employs on average 23,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0419.562.117
Incorporation: 28/06/1979
Legal form: Non-profit organization
Registered office: Avenue du Prince Héritier 214
1200 Woluwe-Saint-Lambert · BruxellesSee on map
Latest accounts: 31/12/2025
Average workforce: 23,2 ETP

Activities (NACE)

80424Security and investigation activities· main 85599Other education n.e.c.85599Other education n.e.c.

Joint committees (2)

200
32902

Signals

Solid equityLow riskGood liquidityHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	96,5 k €	-2.4%	98,9 k €	+3.0%	96,1 k €	+20.3%	79,9 k €	-9.0%	87,7 k €
EBITDA	-84,3 k €	-255%	54,5 k €	-51.3%	111,8 k €	+356%	24,5 k €	+169%	-35,7 k €
Operating result	-89,1 k €	-290%	47 k €	-56.2%	107,4 k €	+687%	13,6 k €	+129%	-46,6 k €
Net result	-88,4 k €	-280%	49,2 k €	-54.5%	108 k €	+810%	11,9 k €	+125%	-48,5 k €
Balance sheet
Equity	925 k €	-6.9%	993,4 k €	+5.2%	944,3 k €	+28.3%	736,2 k €	+54.2%	477,3 k €
Total assets	1,4 M €	-10.5%	1,5 M €	+7.4%	1,4 M €	+22.6%	1,2 M €	+35.8%	861,9 k €
Cash	500,4 k €	-33.4%	751,4 k €	+13.6%	661,3 k €	+2.5%	645,1 k €	+15.0%	560,8 k €
Debts	255,8 k €	-23.6%	334,6 k €	+43.1%	233,8 k €	+1.6%	230,1 k €	+15.1%	199,9 k €
Other
Workforce	23,2 ETP	-1.7%	23,6 ETP	+9.8%	21,5 ETP	+7.0%	20,1 ETP	-9.9%	22,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 58 ended

Active mandates

Béatrice Brigola

Mandate

Active

Juliette Hinnekens

Mandate

Active

Lindsay Guille

Mandate

Active

Margaux Reypens

Mandate

Active

Morgane Chappat

Mandate

Active

Virginie Deguent

Mandate

Active

Ended mandates

Elise DERMIENCE

Director · since 13 juin 2019 · until 13 juin 2022

Ended

Julie HELYN

Director · since 13 juin 2019 · until 13 juin 2022

Ended

Emile BIGARE

Chairman of the board of directors · since 29 octobre 2018 · until 29 octobre 2021

Ended

Emilie BIGARE

Chairman of the board of directors · since 29 octobre 2018 · until 29 octobre 2021

Ended

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged 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	20/05/2026	08/07/2025	28/06/2024	19/06/2023	27/06/2022	22/06/2021
General meeting	21/04/2026	24/06/2025	18/06/2024	13/06/2023	22/06/2022	15/06/2021
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
Abridged model	31/12/2025	21/04/2026	20/05/2026	French	PDF
Abridged model	31/12/2024	24/06/2025	08/07/2025	French	PDF
Abridged model	31/12/2023	18/06/2024	28/06/2024	French	PDF
Abridged model	31/12/2022	13/06/2023	19/06/2023	French	PDF
Abridged model	31/12/2021	22/06/2022	27/06/2022	French	PDF
Abridged model	31/12/2020	15/06/2021	22/06/2021	French	PDF
Abridged model	31/12/2019	16/06/2020	17/06/2020	French	PDF
Abridged model	31/12/2018	13/06/2019	18/06/2019	French	PDF
Abridged model	31/12/2017	25/06/2018	03/07/2018	French	PDF
Abridged model	31/12/2016	16/06/2017	31/10/2017	French	PDF
Abridged model	31/12/2015	23/06/2016	16/07/2016	French	PDF
Abridged model	31/12/2014	27/06/2015	29/06/2015	French	PDF
Abridged model	31/12/2013	25/06/2014	25/09/2014	French	PDF
Abridged model	31/12/2012	13/06/2013	17/07/2013	French	PDF
Abridged model	31/12/2011	23/05/2012	29/06/2012	French	PDF
Abridged model	31/12/2010	11/05/2011	17/06/2011	French	PDF
Abridged model	31/12/2009	24/06/2010	30/06/2010	French	PDF
Abridged model	31/12/2008	23/04/2009	19/08/2009	French	PDF
Abridged model	31/12/2007	28/02/2008	01/08/2008	French	PDF
Abridged model	31/12/2006	20/09/2007	28/09/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2025

6 active · 58 ended

Active mandates

Béatrice Brigola

Mandate

Active

Juliette Hinnekens

Mandate

Active

Lindsay Guille

Mandate

Active

Margaux Reypens

Mandate

Active

Morgane Chappat

Mandate

Active

Virginie Deguent

Mandate

Active

Ended mandates

Elise DERMIENCE

Director · since 13 juin 2019 · until 13 juin 2022

Ended

Julie HELYN

Director · since 13 juin 2019 · until 13 juin 2022

Ended

Emile BIGARE

Chairman of the board of directors · since 29 octobre 2018 · until 29 octobre 2021

Ended

Emilie BIGARE

Chairman of the board of directors · since 29 octobre 2018 · until 29 octobre 2021

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates27/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates13/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates10/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates23/10/2024
DEMISSIONS, NOMINATIONS
PDF
Other29/02/2024
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates04/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates17/04/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates05/09/2022
DEMISSIONS, NOMINATIONS
PDF

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

See the Business plan

Timeline

2025
Annual accounts 2025-88,4 k €↓
2024
Annual accounts 202449,2 k €↓
2023
Annual accounts 2023108 k €↑
2022
Annual accounts 202211,9 k €↑
2021
Annual accounts 2021-48,5 k €↓
2020
Annual accounts 2020-24,4 k €↓
2019
Annual accounts 2019-21,1 k €↑
2018
Annual accounts 2018-26,3 k €↑
2017
Annual accounts 2017-48,3 k €↑
2016
Annual accounts 2016-120,6 k €↓
2013
Annual accounts 20133,6 k €↓
2012
Annual accounts 2012161,3 k €↑
2011
Annual accounts 201177,3 k €↑
2010
Annual accounts 201013,8 k €↑
2009
Annual accounts 2009-135,1 k €↓
2008
Annual accounts 200875,9 k €↑
2007
Annual accounts 200729,2 k €
28/06/1979
IncorporationNon-profit organization

Collectif Recherche et Expression

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