ACTIVE

SURFIMO

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

118,8 k €

-24.0% YoY

Gross margin

220,9 k €

-21.7% YoY

Equity

109,2 k €

-64.8% YoY

What does SURFIMO do?

SURFIMO is a Public limited company incorporated in 1983. Its registered office is in Waterloo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.018.069

Incorporation

30/11/1983

Legal form

Public limited company

Registered office

Avenue des Hirondelles 6
1410 Waterloo · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	220,9 k €	-21.7%	282,2 k €	+41.1%	200 k €	+4.9%	190,7 k €	+7.6%	177,3 k €	+18.4%	149,8 k €	+4.3%	143,6 k €	-3.7%	149 k €	-4.1%	155,4 k €	-18.2%	190 k €	+17.1%	162,3 k €	+13.1%	143,4 k €	-12.9%	164,6 k €	+3.5%	159,1 k €	-4.7%	167 k €	+11.6%	149,6 k €	-3.6%	155,2 k €	+18.7%	130,8 k €	+10.6%	118,3 k €	-4.6%	124 k €
EBITDA	208,3 k €	-22.1%	267,5 k €	+38.8%	192,7 k €	+4.8%	184 k €	+7.6%	171 k €	+17.9%	145 k €	+4.6%	138,7 k €	-0.5%	139,4 k €	-7.0%	149,9 k €	-18.7%	184,4 k €	+17.6%	156,7 k €	+20.0%	130,6 k €	-18.7%	160,6 k €	+4.0%	154,3 k €	-5.5%	163,3 k €	+11.6%	146,3 k €	-0.1%	146,4 k €	+14.5%	127,9 k €	+13.4%	112,8 k €	-6.9%	121,2 k €
Operating result	153,9 k €	-17.9%	187,3 k €	+19.7%	156,4 k €	+3.5%	151,1 k €	-0.2%	151,4 k €	+17.3%	129 k €	+7.9%	119,5 k €	+10.2%	108,4 k €	-10.5%	121,2 k €	-19.3%	150,2 k €	+21.8%	123,3 k €	+27.5%	96,7 k €	-21.8%	123,7 k €	+5.5%	117,3 k €	-3.4%	121,4 k €	+13.5%	106,9 k €	+0.6%	106,3 k €	+23.4%	86,2 k €	+24.7%	69,1 k €	-16.6%	82,9 k €
Net result	118,8 k €	-24.0%	156,3 k €	+19.4%	130,9 k €	+10.8%	118,1 k €	+0.6%	117,4 k €	+15.1%	102 k €	+6.2%	96 k €	+24.8%	76,9 k €	+6.6%	72,1 k €	-37.0%	114,4 k €	+45.0%	78,9 k €	+10.0%	71,7 k €	-11.8%	81,4 k €	+28.8%	63,2 k €	-38.7%	103 k €	+17.6%	87,6 k €	+4.1%	84,2 k €	+35.0%	62,3 k €	+12.4%	55,5 k €	-2.8%	57 k €
Balance sheet
Equity	109,2 k €	-64.8%	310,5 k €	+28.2%	242,2 k €	+10.9%	218,3 k €	+0.0%	218,3 k €	+49.6%	145,9 k €	+64.1%	88,9 k €	-9.2%	97,9 k €	-45.0%	178,1 k €	-37.3%	283,9 k €	+32.3%	214,5 k €	+22.2%	175,6 k €	+26.5%	138,9 k €	+29.8%	107 k €	+27.7%	83,8 k €	-61.2%	215,8 k €	+15.9%	186,3 k €	+16.5%	159,9 k €	+3.4%	154,7 k €	+15.2%	134,3 k €
Total assets	445,9 k €	-20.4%	560,4 k €	+44.2%	388,7 k €	-1.6%	395 k €	+15.4%	342,3 k €	+26.0%	271,7 k €	-11.1%	305,6 k €	+21.7%	251,1 k €	-19.9%	313,3 k €	-27.7%	433,3 k €	+13.5%	381,9 k €	+1.8%	375,2 k €	+13.8%	329,7 k €	-6.3%	351,9 k €	+25.2%	281 k €	-41.1%	477,5 k €	-6.6%	511,4 k €	+13.2%	451,7 k €	-6.5%	483,3 k €	+18.9%	406,3 k €
Cash	201 k €	-20.1%	251,6 k €	+51.1%	166,5 k €	+65.9%	100,4 k €	+42.9%	70,2 k €	+174%	25,6 k €	+1831%	1,3 k €	+23.3%	1,1 k €	-27.1%	1,5 k €	-90.8%	16 k €	+1685%	897,7 €	+112%	422,8 €	+336%	97 €	-88.2%	821,7 €	-78.4%	3,8 k €	+133%	1,6 k €	+3.0%	1,6 k €	-79.1%	7,6 k €	+6.8%	7,1 k €	+23.4%	5,8 k €
Debts	336,5 k €	+34.7%	249,8 k €	+70.8%	146,3 k €	-17.1%	176,5 k €	+44.2%	122,4 k €	-2.5%	125,5 k €	-42.0%	216,3 k €	+41.2%	153,1 k €	+14.3%	134 k €	-10.3%	149,4 k €	-10.7%	167,3 k €	-16.2%	199,6 k €	+4.6%	190,8 k €	-21.8%	244 k €	+25.9%	193,9 k €	-25.1%	258,7 k €	-19.4%	320,9 k €	+10.6%	290,3 k €	-10.4%	324 k €	+20.8%	268,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 28 ended

Active mandates

Olivier PIRET

Managing director · since 22 mai 2013 · until 22 mai 2025

Active

Ended mandates

Hadrien PIRET

Director · since 14 juin 2019 · until 14 juin 2025

Ended

Isabelle LEKEU

Director · since 14 juin 2019 · until 14 juin 2025

Ended

JUSTINVEST & CO

Director · since 14 juin 2019 · until 14 juin 2025 · 0806.672.883

Represented by Isabelle LEKEU

Ended

Olivier PIRET

Managing director · since 14 juin 2019 · until 14 juin 2025

Ended

At this address

Other companies at this address

Company	CBE no.
SURFIMO Courtier en assurances● Active	0685.992.512

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	17/07/2026	27/06/2025	20/08/2024	29/07/2023	26/08/2022	11/08/2021
General meeting	30/06/2026	02/06/2025	29/06/2024	30/06/2023	30/06/2022	12/07/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	17/07/2026	French	PDF
Micro model	31/12/2024	02/06/2025	27/06/2025	French	PDF
Micro model	31/12/2023	29/06/2024	20/08/2024	French	PDF
Micro model	31/12/2022	30/06/2023	29/07/2023	French	PDF
Micro model	31/12/2021	30/06/2022	26/08/2022	French	PDF
Micro model	31/12/2020	12/07/2021	11/08/2021	French	PDF
Micro model	31/12/2019	27/07/2020	19/08/2020	French	PDF
Micro model	31/12/2018	14/06/2019	30/08/2019	French	PDF
Micro model	31/12/2017	15/06/2018	31/08/2018	French	PDF
Micro model	31/12/2016	30/06/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	29/06/2015	27/07/2015	French	PDF
Abridged model	31/12/2013	23/06/2014	04/07/2014	French	PDF
Abridged model	31/12/2012	22/05/2013	18/06/2013	French	PDF
Abridged model	31/12/2011	20/05/2012	30/06/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	01/07/2011	French	PDF
Abridged model	31/12/2009	12/05/2010	24/06/2010	French	PDF
Abridged model	31/12/2008	12/05/2009	11/06/2009	French	PDF
Abridged model	31/12/2007	13/05/2008	03/06/2008	French	PDF
Abridged model	31/12/2006	16/05/2007	11/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 28 ended

Active mandates

Olivier PIRET

Managing director · since 22 mai 2013 · until 22 mai 2025

Active

Ended mandates

Hadrien PIRET

Director · since 14 juin 2019 · until 14 juin 2025

Ended

Isabelle LEKEU

Director · since 14 juin 2019 · until 14 juin 2025

Ended

JUSTINVEST & CO

Director · since 14 juin 2019 · until 14 juin 2025 · 0806.672.883

Represented by Isabelle LEKEU

Ended

Olivier PIRET

Managing director · since 14 juin 2019 · until 14 juin 2025

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/06/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates09/10/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates28/06/2017
DEMISSIONS, NOMINATIONS
PDF
Capital / shares19/12/2013
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
PDF
Mandates14/10/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates28/10/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates10/07/2007
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 2025118,8 k €↓
2024
Annual accounts 2024156,3 k €↑
2023
Annual accounts 2023130,9 k €↑
2022
Annual accounts 2022118,1 k €↑
2021
Annual accounts 2021117,4 k €↑
2020
Annual accounts 2020102 k €↑
2019
Annual accounts 201996 k €↑
2018
Annual accounts 201876,9 k €↑
2017
Annual accounts 201772,1 k €↓
2016
Annual accounts 2016114,4 k €↑
2015
Annual accounts 201578,9 k €↑
2014
Annual accounts 201471,7 k €↓
2013
Annual accounts 201381,4 k €↑
2012
Annual accounts 201263,2 k €↓
2011
Annual accounts 2011103 k €↑
2010
Annual accounts 201087,6 k €↑
2009
Annual accounts 200984,2 k €↑
2008
Annual accounts 200862,3 k €↑
2007
Annual accounts 200755,5 k €↓
2006
Annual accounts 200657 k €
30/11/1983
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

SURFIMO

Overview

What does SURFIMO 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