ACTIVE

BANGARAM

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Financial year 2025 · closed on 30/09/2025

Net result

56,3 k €

+103.7% YoY

Gross margin

141,1 k €

+59.8% YoY

Equity

4,5 M €

+1.3% YoY

What does BANGARAM do?

BANGARAM is a Private limited company incorporated in 1984. Its main activity is: Management consultancy activities. Its registered office is in Sint-Genesius-Rode.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.306.675

Incorporation

01/10/1984

Legal form

Private limited company

Registered office

Avenue Marie-Louise 13
1640 Sint-Genesius-Rode · FlandreSee on map

Contributed capital

5 672 829,00 €

Latest accounts

30/09/2025

Activities (NACE)

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

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	141,1 k €	+59.8%	88,3 k €	-6.1%	94 k €	+80.4%	52,1 k €	-50.1%	104,5 k €	+16.1%	90 k €	+6.9%	84,2 k €	-17.4%	102 k €	-40.8%	172,2 k €	+126%	76,3 k €	+21.5%	62,7 k €	+47.1%	42,7 k €	+36.3%	31,3 k €	+127%	13,8 k €	+81.3%	7,6 k €	+200%	-7,6 k €	-6922%	112,1 €	+103%	-3,9 k €	+49.5%	-7,7 k €
EBITDA	134,2 k €	+63.0%	82,3 k €	-2.1%	84,1 k €	+66.2%	50,6 k €	-50.8%	102,9 k €	+17.3%	87,7 k €	+6.4%	82,4 k €	-17.5%	99,9 k €	-40.5%	167,8 k €	+130%	72,9 k €	+19.7%	60,9 k €	+50.5%	40,5 k €	+37.0%	29,5 k €	+131%	12,8 k €	+95.5%	6,5 k €	+181%	-8 k €	-1373%	-545 €	+88.6%	-4,8 k €	+44.6%	-8,6 k €
Operating result	130,4 k €	+67.5%	77,9 k €	-3.3%	80,6 k €	+70.3%	47,3 k €	-52.4%	99,4 k €	+18.5%	83,9 k €	+6.7%	78,6 k €	-18.1%	95,9 k €	-38.9%	156,9 k €	+156%	61,3 k €	+26.6%	48,4 k €	+65.6%	29,2 k €	+15.5%	25,3 k €	+183%	8,9 k €	+215%	2,8 k €	+134%	-8,4 k €	-795%	-943,9 €	+81.8%	-5,2 k €	+42.6%	-9 k €
Net result	56,3 k €	+104%	27,6 k €	-29.4%	39,1 k €	+40.2%	27,9 k €	+102%	-1,6 M €	-3058%	53,3 k €	+36.1%	39,2 k €	-24.2%	51,7 k €	-45.4%	94,7 k €	+104%	46,5 k €	+41.8%	32,8 k €	+76.1%	18,6 k €	-21.5%	23,7 k €	+199%	7,9 k €	+186%	2,8 k €	+133%	-8,5 k €	-470%	-1,5 k €	+71.4%	-5,2 k €	+42.7%	-9 k €
Balance sheet
Equity	4,5 M €	+1.3%	4,5 M €	-9.5%	5 M €	+0.8%	4,9 M €	-7.9%	5,3 M €	-22.8%	6,9 M €	+0.8%	6,9 M €	+0.6%	6,8 M €	+0.8%	6,8 M €	+9849%	68 k €	+215%	21,6 k €	-9.4%	23,8 k €	+105%	11,6 k €	+196%	-12,1 k €	+39.6%	-20 k €	+12.2%	-22,8 k €	-59.1%	-14,3 k €	-11.6%	-12,8 k €	-67.6%	-7,7 k €
Total assets	5,2 M €	-0.4%	5,3 M €	-2.5%	5,4 M €	-0.4%	5,4 M €	-5.4%	5,7 M €	-25.3%	7,7 M €	+4.6%	7,3 M €	-0.5%	7,4 M €	+0.2%	7,3 M €	+2614%	270,7 k €	+159%	104,6 k €	+25.7%	83,2 k €	+99.7%	41,7 k €	+60.2%	26 k €	-4.4%	27,2 k €	+185%	9,5 k €	+32.4%	7,2 k €	+28.7%	5,6 k €	+76.6%	3,2 k €
Cash	4,9 k €	+19.9%	4,1 k €	+121%	1,8 k €	-98.9%	159,9 k €	-58.8%	388,6 k €	+756%	45,4 k €	+130%	19,7 k €	-54.2%	43 k €	+233%	12,9 k €	+355%	2,8 k €	+147%	1,2 k €	-72.1%	4,1 k €	+19.8%	3,4 k €	+80.2%	1,9 k €	-67.2%	5,8 k €	+3433%	165,2 €	-97.7%	7,2 k €	+91.6%	3,8 k €	+540%	586,3 €
Debts	673,4 k €	-13.6%	779,7 k €	+73.4%	449,7 k €	-11.8%	510,1 k €	+28.8%	396 k €	-46.9%	745,1 k €	+61.0%	462,8 k €	-13.4%	534,7 k €	-5.7%	566,9 k €	+182%	201 k €	+153%	79,4 k €	+41.4%	56,2 k €	+117%	25,9 k €	-29.1%	36,5 k €	-21.8%	46,7 k €	+46.4%	31,9 k €	+63.4%	19,5 k €	+26.8%	15,4 k €	+95.4%	7,9 k €

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 30/09/2025 · 1 active · 7 ended

Active mandates

Francis Ottevaere

Director · since 19 février 2020

Active

Ended mandates

Francis OTTEVAERE

Manager · since 01 avril 2010

Ended

Paul OTTEVAERE

Manager · since 02 octobre 1984

Ended

Francis Ottevaere

Administrator - manager

Ended

Francis Ottevaere

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Kaspard● Active	1033.010.606

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/01/2026	30/04/2025	09/04/2024	14/04/2023	28/04/2022	26/04/2021
General meeting	20/12/2025	31/03/2025	19/03/2024	21/03/2023	30/03/2022	30/03/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	20/12/2025	05/01/2026	Dutch	PDF
Abridged model	30/09/2024	31/03/2025	30/04/2025	Dutch	PDF
Abridged model	30/09/2023	19/03/2024	09/04/2024	Dutch	PDF
Abridged model	30/09/2022	21/03/2023	14/04/2023	Dutch	PDF
Abridged model	30/09/2021	30/03/2022	28/04/2022	Dutch	PDF
Abridged model	30/09/2020	30/03/2021	26/04/2021	Dutch	PDF
Abridged model	30/09/2019	17/03/2020	20/04/2020	Dutch	PDF
Abridged model	30/09/2018	19/03/2019	18/04/2019	Dutch	PDF
Abridged model	30/09/2017	31/01/2018	07/02/2018	Dutch	PDF
Abridged model	31/12/2015	20/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	15/05/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	16/05/2014	21/08/2014	Dutch	PDF
Abridged model	31/12/2012	17/05/2013	24/09/2013	Dutch	PDF
Abridged model	31/12/2011	18/05/2012	28/12/2012	Dutch	PDF
Abridged model	31/12/2010	20/05/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	21/05/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/09/2009	29/10/2009	Dutch	PDF
Abridged model	31/12/2007	16/05/2008	30/09/2008	Dutch	PDF
Abridged model	31/12/2006	31/10/2007	30/11/2007	Dutch	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 30/09/2025 · 1 active · 7 ended

Active mandates

Francis Ottevaere

Director · since 19 février 2020

Active

Ended mandates

Francis OTTEVAERE

Manager · since 01 avril 2010

Ended

Paul OTTEVAERE

Manager · since 02 octobre 1984

Ended

Francis Ottevaere

Administrator - manager

Ended

Francis Ottevaere

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/02/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other30/01/2017
BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/06/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/03/2013
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/04/2010
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
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 202556,3 k €↑
2024
Annual accounts 202427,6 k €↓
2023
Annual accounts 202339,1 k €↑
2022
Annual accounts 202227,9 k €↑
2021
Annual accounts 2021-1,6 M €↓
2020
Annual accounts 202053,3 k €↑
2019
Annual accounts 201939,2 k €↓
2018
Annual accounts 201851,7 k €↓
2017
Annual accounts 201794,7 k €↑
2015
Annual accounts 201546,5 k €↑
2014
Annual accounts 201432,8 k €↑
2013
Annual accounts 201318,6 k €↓
2012
Annual accounts 201223,7 k €↑
2011
Annual accounts 20117,9 k €↑
2010
Annual accounts 20102,8 k €↑
2009
Annual accounts 2009-8,5 k €↓
2008
Annual accounts 2008-1,5 k €↑
2007
Annual accounts 2007-5,2 k €↑
2006
Annual accounts 2006-9 k €
01/10/1984
IncorporationPrivate 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

BANGARAM

Overview

What does BANGARAM 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