ACTIVE

AURE

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Financial year 2025 · closed on 31/12/2025

Net result

4,1 k €

+102.5% YoY

Gross margin

-6 k €

+87.6% YoY

Equity

5,7 M €

+0.1% YoY

What does AURE do?

AURE is a Public limited company incorporated in 1982. Its main activity is: Management consultancy activities. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0423.180.019

Incorporation

16/09/1982

Legal form

Public limited company

Registered office

Avenue Louise 480 box 17
1050 Bruxelles · BruxellesSee on map

Contributed capital

1 160 873,38 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-6 k €	+87.6%	-48,1 k €	-46.2%	-32,9 k €	+63.9%	-91,1 k €	-12.9%	-80,6 k €	+57.5%	-189,7 k €	+84.9%	-1,3 M €	-524%	-201,8 k €	+72.3%	-727,8 k €	-146%	-296,4 k €	-2089%	-13,5 k €	+97.4%	-523,6 k €	-398%	-105,1 k €	+16.4%	-125,8 k €	-1739%	-6,8 k €	-227%	5,4 k €	+114%	2,5 k €	-71.8%	8,9 k €	+9.7%	8,2 k €	+345%	1,8 k €
EBITDA	-6 k €	+87.9%	-49,1 k €	-45.0%	-33,9 k €	+63.8%	-93,6 k €	-0.0%	-93,5 k €	+50.9%	-190,6 k €	+84.9%	-1,3 M €	-520%	-203,3 k €	+72.1%	-728,7 k €	-145%	-298 k €	-1904%	-14,9 k €	+97.2%	-524,9 k €	-393%	-106,4 k €	+15.8%	-126,4 k €	-1424%	-8,3 k €	-311%	3,9 k €	+280%	1 k €	-86.2%	7,5 k €	+12.9%	6,7 k €	+2262%	282,1 €
Operating result	-6 k €	+87.9%	-49,1 k €	-45.0%	-33,9 k €	+63.8%	-93,6 k €	-0.0%	-93,5 k €	+50.9%	-190,6 k €	+84.9%	-1,3 M €	-494%	-212,2 k €	+71.3%	-738,2 k €	-148%	-298 k €	-1379%	-20,1 k €	+96.2%	-531,6 k €	-363%	-114,8 k €	+15.2%	-135,4 k €	-722%	-16,5 k €	-288%	-4,2 k €	+34.5%	-6,5 k €	-2477%	-251,4 €	+74.4%	-981,9 €	+86.4%	-7,2 k €
Net result	4,1 k €	+103%	-161,7 k €	-154%	298,3 k €	+573%	44,3 k €	+100%	-63,6 M €	-57997%	-109,4 k €	-100%	82,8 M €	+53969%	-153,8 k €	-100%	39,2 M €	+7151%	540,8 k €	+2784%	-20,1 k €	+92.8%	-279,7 k €	-132%	886,7 k €	+146%	361,1 k €	-3.7%	375 k €	-0.7%	377,6 k €	-5.0%	397,6 k €	+7954%	4,9 k €	+206%	1,6 k €	-99.3%	242,4 k €
Balance sheet
Equity	5,7 M €	+0.1%	5,7 M €	-12.9%	6,5 M €	+4.8%	6,2 M €	+0.7%	6,2 M €	-92.2%	79,4 M €	-0.8%	80 M €	+704%	10 M €	-1.5%	10,1 M €	+250%	2,9 M €	-12.8%	3,3 M €	-0.6%	3,3 M €	+32.5%	2,5 M €	-32.3%	3,7 M €	+7.5%	3,5 M €	+12.2%	3,1 M €	+14.0%	2,7 M €	+17.2%	2,3 M €	+0.2%	2,3 M €	+4.6%	2,2 M €
Total assets	9,8 M €	-6.3%	10,5 M €	-48.2%	20,3 M €	+3.9%	19,6 M €	-8.9%	21,5 M €	-74.8%	85,2 M €	-0.8%	85,8 M €	+676%	11,1 M €	+5.8%	10,4 M €	-62.8%	28,1 M €	+743%	3,3 M €	-0.6%	3,4 M €	-10.4%	3,7 M €	-1.6%	3,8 M €	-1.6%	3,9 M €	-0.3%	3,9 M €	+0.1%	3,9 M €	+67.1%	2,3 M €	+0.1%	2,3 M €	+0.2%	2,3 M €
Cash	26,1 k €	+37.6%	18,9 k €	+15.9%	16,3 k €	-77.8%	73,6 k €	+111%	34,9 k €	-99.3%	4,8 M €	-12.8%	5,5 M €	+55.2%	3,5 M €	+7.7%	3,3 M €	+953%	311,4 k €	+11403%	2,7 k €	-85.8%	19,1 k €	-36.7%	30,2 k €	+238%	8,9 k €	-62.4%	23,7 k €	-4.8%	24,9 k €	-85.5%	171,2 k €	+878%	17,5 k €	-89.3%	163,7 k €	+5.9%	154,6 k €
Debts	4,2 M €	-13.9%	4,8 M €	-64.9%	13,8 M €	+3.5%	13,3 M €	-12.8%	15,3 M €	+164%	5,8 M €	-0.2%	5,8 M €	+482%	995,8 k €	+334%	229,6 k €	-99.1%	25 M €		–		15,3 k €	-98.7%	1,2 M €	+1356%	84,2 k €	-78.2%	385,8 k €	-49.7%	766,9 k €	-34.2%	1,2 M €	+13164%	8,8 k €	-26.2%	11,9 k €	-89.1%	109 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 43 ended

Active mandates

Emmanuel Barthelemy de Saizieu

Director · since 24 juillet 2024

Active

Andrew DE MURGA

Director · since 20 juin 2023

Active

Bernard THUYSBAERT

Director · since 05 avril 2019

Active

Jean-Louis WAUCQUEZ

Director · since 05 avril 2019

Active

Ended mandates

Andrew DE MURGA

Director · since 20 juin 2023 · until 07 avril 2025

Ended

Bernard THUYSBAERT

Director · since 05 avril 2019 · until 07 avril 2022

Ended

Bernard THUYSBAERT

Director · since 05 avril 2019 · until 07 avril 2025

Ended

ISA MANAGEMENT SAS

Director · since 05 avril 2019 · until 07 avril 2022

Represented by Andrew DE MURGA

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	31/08/2026	30/06/2025	12/07/2024	29/08/2023	24/08/2022	31/08/2021
General meeting	23/06/2026	30/05/2025	04/07/2024	23/06/2023	30/06/2022	30/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	23/06/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	30/05/2025	30/06/2025	French	PDF
Abridged model	31/12/2023	04/07/2024	12/07/2024	French	PDF
Abridged model	31/12/2022	23/06/2023	29/08/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	24/08/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	02/04/2020	30/10/2020	French	PDF
Abridged model	31/12/2018	04/04/2019	01/09/2019	French	PDF
Abridged model	31/12/2017	28/06/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	06/04/2017	25/08/2017	French	PDF
Abridged model	31/12/2015	07/04/2016	26/07/2016	French	PDF
Abridged model	31/12/2014	02/04/2015	14/04/2015	French	PDF
Abridged model	31/12/2013	03/04/2014	01/07/2014	French	PDF
Abridged model	31/12/2012	04/04/2013	11/06/2013	French	PDF
Abridged model	31/12/2011	05/04/2012	29/08/2012	French	PDF
Abridged model	31/12/2010	07/04/2011	02/08/2011	French	PDF
Abridged model	31/12/2009	01/04/2010	27/05/2010	French	PDF
Abridged model	31/12/2008	02/04/2009	27/08/2009	French	PDF
Abridged model	31/12/2007	03/04/2008	28/08/2008	French	PDF
Abridged modelCorrection	31/12/2006	15/05/2007	19/12/2007	French	PDF
Abridged model	31/12/2006	15/05/2007	19/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 43 ended

Active mandates

Emmanuel Barthelemy de Saizieu

Director · since 24 juillet 2024

Active

Andrew DE MURGA

Director · since 20 juin 2023

Active

Bernard THUYSBAERT

Director · since 05 avril 2019

Active

Jean-Louis WAUCQUEZ

Director · since 05 avril 2019

Active

Ended mandates

Andrew DE MURGA

Director · since 20 juin 2023 · until 07 avril 2025

Ended

Bernard THUYSBAERT

Director · since 05 avril 2019 · until 07 avril 2022

Ended

Bernard THUYSBAERT

Director · since 05 avril 2019 · until 07 avril 2025

Ended

ISA MANAGEMENT SAS

Director · since 05 avril 2019 · until 07 avril 2022

Represented by Andrew DE MURGA

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/03/2026
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates13/08/2024
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates22/11/2023
DEMISSIONS, NOMINATIONS
PDF
Restructuring20/07/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring23/05/2022
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates26/06/2019
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates24/01/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates06/02/2017
SIEGE SOCIAL - 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 20254,1 k €↑
31/05/2025
nominationJean-Louis Waucquez — administrateur délégué à la gestion journalière
2024
Annual accounts 2024-161,7 k €↓
25/07/2024
nominationEmmanuel BARTHELEMY DE SAIZIEU — administrateur délégué
2023
Annual accounts 2023298,3 k €↑
20/06/2023
nominationAndrew de Murga — administrateur
2022
Annual accounts 202244,3 k €↑
2021
Annual accounts 2021-63,6 M €↓
2020
Annual accounts 2020-109,4 k €↓
2019
Annual accounts 201982,8 M €↑
2018
Annual accounts 2018-153,8 k €↓
2017
Annual accounts 201739,2 M €↑
2016
Annual accounts 2016540,8 k €↑
2015
Annual accounts 2015-20,1 k €↑
2014
Annual accounts 2014-279,7 k €↓
2013
Annual accounts 2013886,7 k €↑
2012
Annual accounts 2012361,1 k €↓
2011
Annual accounts 2011375 k €↓
2010
Annual accounts 2010377,6 k €↓
2009
Annual accounts 2009397,6 k €↑
2008
Annual accounts 20084,9 k €↑
2007
Annual accounts 20071,6 k €↓
2006
Annual accounts 2006242,4 k €
16/09/1982
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

AURE

Overview

What does AURE do?

Trend over 20 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