ACTIVE

AASA Architectes

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Financial year 2025 · closed on 31/12/2025

Net result

15,4 k €

-63.1% YoY

Gross margin

155,2 k €

-15.2% YoY

Equity

515,5 k €

+3.1% YoY

Workforce

2,2 ETP

+15.8% YoY

What does AASA Architectes do?

AASA Architectes is a Public limited company incorporated in 1982. Its main activity is: Architectural activities. Its registered office is in Liège. It employs on average 2,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0422.476.471

Incorporation

25/02/1982

Legal form

Public limited company

Registered office

Clos Chanmurly 13
4000 Liège · WallonieSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

2,2 ETP

Activities (NACE)

71111Architectural activities· main 71111Architectural activities 74201Photographic activities 41001Construction of buildings 41201Construction of residential and non-residential buildings

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	155,2 k €	-15.2%	182,9 k €	+0.8%	181,5 k €	-29.8%	258,8 k €	+33.7%	193,6 k €	-46.9%	364,4 k €	+14.4%	318,5 k €	+5.1%	303,1 k €	+16.7%	259,8 k €	+13.3%	229,2 k €	-0.0%	229,3 k €	+59.1%	144,2 k €	-45.2%	263 k €	-15.6%	311,6 k €	+6.5%	292,6 k €	-23.9%	384,3 k €	+33.6%	287,7 k €	+15.7%	248,7 k €	-12.0%	282,7 k €
EBITDA	48,7 k €	-45.6%	89,6 k €	-3.5%	92,8 k €	-39.1%	152,4 k €	+604%	21,6 k €	-88.2%	183,3 k €	+61.6%	113,4 k €	+10.0%	103,1 k €	+127%	45,4 k €	+41.2%	32,1 k €	+21.9%	26,4 k €	-32.1%	38,8 k €	-62.1%	102,4 k €	-9.6%	113,2 k €	+94.9%	58,1 k €	-61.0%	148,8 k €	+155%	58,4 k €	+34.5%	43,4 k €	-53.3%	92,9 k €
Operating result	28,5 k €	-57.0%	66,3 k €	-4.3%	69,3 k €	-43.4%	122,6 k €	+405%	24,3 k €	-91.7%	292,8 k €	+133%	125,5 k €	+38.4%	90,7 k €	+283%	23,7 k €	+17.8%	20,1 k €	-10.7%	22,5 k €	-2.3%	23 k €	+39.8%	16,5 k €	-51.6%	34,1 k €	-8.0%	37 k €	-71.5%	129,7 k €	+246%	37,5 k €	-21.6%	47,8 k €	-0.8%	48,2 k €
Net result	15,4 k €	-63.1%	41,8 k €	-9.7%	46,3 k €	-46.3%	86,2 k €	+589%	12,5 k €	-94.1%	212 k €	+159%	81,9 k €	+39.0%	59 k €	+977%	5,5 k €	+65.9%	3,3 k €	-58.8%	8 k €	+893%	806,9 €	+161%	309,2 €	-58.5%	744,5 €	+142%	307,1 €	-99.7%	101,6 k €	+2575%	3,8 k €	-62.8%	10,2 k €	+532%	1,6 k €
Balance sheet
Equity	515,5 k €	+3.1%	500,1 k €	+0.4%	498,3 k €	+0.1%	497,9 k €	+1.3%	491,7 k €	+2.6%	479,2 k €	+79.3%	267,2 k €	+44.2%	185,3 k €	+46.6%	126,4 k €	+4.5%	120,9 k €	+2.8%	117,6 k €	+7.3%	109,6 k €	+0.7%	108,8 k €	+0.3%	108,5 k €	+0.7%	107,7 k €	+0.3%	107,4 k €	+1.5%	105,8 k €	+3.7%	102 k €	+11.1%	91,8 k €
Total assets	814,7 k €	+24.6%	653,9 k €	-0.0%	654 k €	-23.5%	855,3 k €	+12.2%	762,3 k €	-4.7%	799,5 k €	+0.3%	797 k €	-12.0%	905,6 k €	+28.4%	705,4 k €	-1.4%	715,3 k €	-8.1%	778 k €	+3.2%	754,1 k €	+2.6%	735 k €	-22.7%	951,4 k €	+50.0%	634,3 k €	-13.3%	731,8 k €	+10.5%	662 k €	-0.9%	668,2 k €	+5.1%	635,7 k €
Cash	43,9 k €	+513%	7,2 k €	-93.5%	110,9 k €	+81.0%	61,3 k €	-58.0%	145,9 k €	-42.5%	253,8 k €	+23.6%	205,4 k €	+255%	57,9 k €	-15.7%	68,7 k €	-39.0%	112,6 k €	+588%	16,4 k €	-85.0%	108,9 k €	+488%	18,5 k €	-84.6%	120,1 k €	+210%	38,7 k €	+539%	6,1 k €	-33.2%	9,1 k €	-91.5%	106,8 k €	+506%	17,6 k €
Debts	279,6 k €	+90.1%	147 k €	-1.3%	148,9 k €	-57.5%	350,7 k €	+32.7%	264,3 k €	-13.8%	306,4 k €	-38.2%	495,9 k €	-28.2%	690,8 k €	+24.2%	556,1 k €	-2.6%	571,1 k €	-8.9%	627,1 k €	+2.1%	614,4 k €	+20.2%	511 k €	-29.6%	726,3 k €	+81.7%	399,8 k €	-21.7%	510,9 k €	+10.0%	464,4 k €	-2.0%	473,8 k €	+6.5%	444,9 k €
Other
Workforce	2,2 ETP	+15.8%	1,9 ETP	0.0%	1,9 ETP	-13.6%	2,2 ETP	-48.8%	4,3 ETP	-4.4%	4,5 ETP	+4.7%	4,3 ETP	-10.4%	4,8 ETP	-7.7%	5,2 ETP	-1.9%	5,3 ETP	-7.0%	5,7 ETP	+3.6%	5,5 ETP	+31.0%	4,2 ETP	-2.3%	4,3 ETP	-4.4%	4,5 ETP	0.0%	4,5 ETP	-18.2%	5,5 ETP	+14.6%	4,8 ETP	+11.6%	4,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 24 ended

Active mandates

Philippe KESSELS

Director · since 26 décembre 2023 · until 29 décembre 2029

Active

Vincent EVRARD

Director · since 26 décembre 2023 · until 26 décembre 2029

Active

Ended mandates

Philippe KESSELS

Managing director · since 26 décembre 2023 · until 26 décembre 2029

Ended

Phlippe KESSELS

Managing director · since 26 décembre 2023 · until 26 décembre 2029

Ended

Vincent EVRARD

Managing director · since 26 décembre 2023 · until 26 décembre 2029

Ended

Philippe KESSELS

Managing director · since 01 juillet 2021 · until 01 juillet 2027

Ended

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Annual accounts

Full financial information

	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	16/04/2026	23/04/2025	27/05/2024	28/04/2023	24/05/2022	03/07/2021
General meeting	27/03/2026	29/03/2025	11/05/2024	22/04/2023	21/05/2022	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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	27/03/2026	16/04/2026	French	PDF
Abridged model	31/12/2024	29/03/2025	23/04/2025	French	PDF
Abridged model	31/12/2023	11/05/2024	27/05/2024	French	PDF
Abridged model	31/12/2022	22/04/2023	28/04/2023	French	PDF
Abridged model	31/12/2021	21/05/2022	24/05/2022	French	PDF
Abridged model	31/12/2020	15/06/2021	03/07/2021	French	PDF
Abridged model	31/12/2019	07/09/2020	28/11/2020	French	PDF
Abridged model	31/12/2018	27/06/2019	08/07/2019	French	PDF
Abridged model	31/12/2017	28/06/2018	16/07/2018	French	PDF
Abridged model	31/12/2016	28/06/2017	14/08/2017	French	PDF
Abridged model	31/12/2015	21/06/2016	30/06/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	02/07/2015	French	PDF
Abridged model	31/12/2013	03/07/2014	30/07/2014	French	PDF
Abridged model	31/12/2012	29/06/2013	14/11/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	05/07/2012	French	PDF
Abridged model	31/12/2010	21/06/2011	29/06/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	30/06/2010	French	PDF
Abridged model	31/12/2008	16/06/2009	24/06/2009	French	PDF
Abridged model	31/12/2007	17/06/2008	26/06/2008	French	PDF
Abridged model	31/12/2006	19/06/2007	03/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 24 ended

Active mandates

Philippe KESSELS

Director · since 26 décembre 2023 · until 29 décembre 2029

Active

Vincent EVRARD

Director · since 26 décembre 2023 · until 26 décembre 2029

Active

Ended mandates

Philippe KESSELS

Managing director · since 26 décembre 2023 · until 26 décembre 2029

Ended

Phlippe KESSELS

Managing director · since 26 décembre 2023 · until 26 décembre 2029

Ended

Vincent EVRARD

Managing director · since 26 décembre 2023 · until 26 décembre 2029

Ended

Philippe KESSELS

Managing director · since 01 juillet 2021 · until 01 juillet 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - DIVERS - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates20/10/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates06/09/2021
DEMISSIONS, NOMINATIONS
PDF
Registered office04/12/2017
SIEGE SOCIAL
PDF
Mandates14/07/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates15/04/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates28/03/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates26/06/2013
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202515,4 k €↓
2024
Annual accounts 202441,8 k €↓
2023
Annual accounts 202346,3 k €↓
2023
Name changeAASA Architectes
2022
Annual accounts 202286,2 k €↑
2021
Annual accounts 202112,5 k €↓
2021
Name changeARCHITECTES ASSOCIES, société civile d'architectes
2020
Annual accounts 2020212 k €↑
2019
Annual accounts 201981,9 k €↑
2018
Annual accounts 201859 k €↑
2017
Annual accounts 20175,5 k €↑
2016
Annual accounts 20163,3 k €↓
2015
Annual accounts 20158 k €↑
2014
Annual accounts 2014806,9 €↑
2013
Annual accounts 2013309,2 €↓
2012
Annual accounts 2012744,5 €↑
2011
Annual accounts 2011307,1 €↓
2010
Annual accounts 2010101,6 k €↑
2009
Annual accounts 20093,8 k €↓
2008
Annual accounts 200810,2 k €↑
2007
Annual accounts 20071,6 k €
25/02/1982
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

AASA Architectes

Overview

What does AASA Architectes do?

Trend over 19 financial years

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