ACTIVE

NAYARIT PARTICIPATIONS

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Financial year 2025 · closed on 31/12/2025

Net result

-9,8 M €

-100.7% YoY

Revenue

550,3 k €

+3.3% YoY

Equity

1,8 Md €

-3.5% YoY

Workforce

9,1 ETP

What does NAYARIT PARTICIPATIONS do?

NAYARIT PARTICIPATIONS is a Public limited company incorporated in 1985. Its main activity is: Management consultancy activities. Its registered office is in Forest. It employs on average 9,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.879.569

Incorporation

25/09/1985

Legal form

Public limited company

Registered office

Avenue Molière 116
1190 Forest · BruxellesSee on map

Contributed capital

589 110 895,14 €

Latest accounts

31/12/2025

Average workforce

9,1 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 81100Combined facilities support activities

Joint committees (3)

1000
1450
2000

Signals

Solid equityLow riskHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011
Income statement
Revenue	550,3 k €	+3.3%	532,7 k €	+27.8%	416,7 k €	+10.6%	376,9 k €	+30.3%	289,2 k €	+3.6%	279,1 k €		–		–		–		–		–		–		–		–
EBITDA	-61 M €	-571%	-9,1 M €	-15.7%	-7,9 M €	-10.3%	-7,1 M €	-15.8%	-6,1 M €	-84.8%	-3,3 M €	+14.2%	-3,9 M €	+14.3%	-4,5 M €	-161%	-1,7 M €	-31.2%	-1,3 M €	+5.7%	-1,4 M €	-8.3%	-1,3 M €	-85.3%	-699,8 k €	-450%	-127,3 k €
Operating result	-63,9 M €	-431%	-12 M €	-13.3%	-10,6 M €	-17.2%	-9,1 M €	-5.4%	-8,6 M €	-104%	-4,2 M €	+5.7%	-4,5 M €	+13.1%	-5,1 M €	-155%	-2 M €	-26.0%	-1,6 M €	+4.3%	-1,7 M €	-1.4%	-1,6 M €	-68.3%	-979,3 k €	-237%	-290,5 k €
Net result	-9,8 M €	-101%	1,4 Md €	+3844%	35 M €	+31.2%	26,7 M €	+84.7%	14,4 M €	+309%	-6,9 M €	-158%	12 M €	-79.8%	59,3 M €	+342%	13,4 M €	+17.6%	11,4 M €	+2.2%	11,2 M €	+4.0%	10,7 M €	+11.6%	9,6 M €	+55.2%	6,2 M €
Balance sheet
Equity	1,8 Md €	-3.5%	1,9 Md €	+345%	417,1 M €	+7.8%	387,1 M €	+5.1%	368,4 M €	+2.6%	359 M €	-2.4%	367,9 M €	+2.7%	358,4 M €	+18.9%	301,6 M €	+6.2%	283,9 M €	+3.2%	275 M €	+3.3%	266,3 M €	+4.2%	255,6 M €	+3.9%	246 M €
Total assets	1,8 Md €	-4.4%	1,9 Md €	+305%	477,8 M €	+6.9%	447,1 M €	+6.8%	418,4 M €	+5.1%	398,2 M €	-3.6%	413 M €	+4.2%	396,3 M €	+11.5%	355,5 M €	+9.8%	323,7 M €	+1.0%	320,6 M €	+1.7%	315,3 M €	+1.6%	310,3 M €	+1.6%	305,5 M €
Cash	2,8 M €	-91.7%	34 M €	+133%	14,6 M €	+5.0%	13,9 M €	-15.9%	16,6 M €	+177%	6 M €	-63.0%	16,2 M €	-59.4%	39,8 M €	+403%	7,9 M €	+95.1%	4,1 M €	+0.1%	4,1 M €	+14.2%	3,6 M €	+453%	642,7 k €	-67.3%	2 M €
Debts	54,9 M €	-27.8%	76 M €	+25.8%	60,4 M €	+0.9%	59,9 M €	+20.1%	49,9 M €	+27.6%	39,1 M €	-10.7%	43,7 M €	+24.1%	35,3 M €	-29.4%	50 M €	+51.0%	33,1 M €	-11.4%	37,3 M €	-5.3%	39,4 M €	-9.7%	43,7 M €	-7.9%	47,4 M €
Other
Workforce	9,1 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

more than 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Minerva Société de Gestion et de Conseil

Managing director · since 26 juin 2025 · until 29 mai 2031 · 0846.716.364

Represented by Frédéric DE VUYST

Active

UTICA Consulting

Director · since 26 juin 2025 · until 27 mai 2027 · 0507.789.456

Represented by Jacques DRÈZE

Active

Ended mandates

ENERO MANAGEMENT

Director · 0459.410.707

Represented by Frédéric DE VUYST

Ended

ENERO MANAGEMENT

Manager · 0459.410.707

Represented by ROLAND D IETEREN

Ended

ENERO MANAGEMENT

Manager · 0459.410.707

Represented by D'Ieteren Roland

Ended

ENERO MANAGEMENT

Manager · 0459.410.707

Represented by ROLAND D IETEREN

Ended

At this address

Other companies at this address

Company	CBE no.
COPAN PROPERTIES● Active	0888.706.872
PANOPTES COLLECTION● Active	0724.740.943
UXMAL● Active	0723.901.397

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	01/06/2026	17/06/2025	04/06/2024	07/06/2023	21/06/2022	09/06/2021
General meeting	27/05/2026	04/06/2025	23/05/2024	24/05/2023	24/05/2022	02/06/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	27/05/2026	01/06/2026	French	PDF
Full model	31/12/2024	04/06/2025	17/06/2025	French	PDF
Full model	31/12/2023	23/05/2024	04/06/2024	French	PDF
Full model	31/12/2022	24/05/2023	07/06/2023	French	PDF
Full model	31/12/2021	24/05/2022	21/06/2022	French	PDF
Full model	31/12/2020	02/06/2021	09/06/2021	French	PDF
Abridged model	31/12/2019	11/06/2020	29/06/2020	French	PDF
Abridged model	31/12/2018	30/05/2019	28/06/2019	French	PDF
Abridged model	31/12/2017	25/05/2018	25/06/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	24/06/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	25/06/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	22/06/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	24/06/2014	French	PDF
Abridged model	31/12/2012	30/05/2013	28/06/2013	French	PDF
Abridged model	31/12/2011	31/05/2012	19/06/2012	French	PDF
Abridged model	31/12/2010	26/05/2011	19/06/2011	French	PDF
Abridged modelCorrection	31/12/2009	27/05/2010	08/04/2011	French	PDF
Abridged model	31/12/2009	27/05/2010	23/06/2010	French	PDF
Abridged modelCorrection	31/12/2008	28/05/2009	08/04/2011	French	PDF
Abridged model	31/12/2008	28/05/2009	17/06/2009	French	PDF
Abridged model	31/12/2007	29/05/2008	26/06/2008	French	PDF
Abridged model	31/12/2006	31/05/2007	15/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

more than 1.000 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 · 2 active · 6 ended

Active mandates

Minerva Société de Gestion et de Conseil

Managing director · since 26 juin 2025 · until 29 mai 2031 · 0846.716.364

Represented by Frédéric DE VUYST

Active

UTICA Consulting

Director · since 26 juin 2025 · until 27 mai 2027 · 0507.789.456

Represented by Jacques DRÈZE

Active

Ended mandates

ENERO MANAGEMENT

Director · 0459.410.707

Represented by Frédéric DE VUYST

Ended

ENERO MANAGEMENT

Manager · 0459.410.707

Represented by ROLAND D IETEREN

Ended

ENERO MANAGEMENT

Manager · 0459.410.707

Represented by D'Ieteren Roland

Ended

ENERO MANAGEMENT

Manager · 0459.410.707

Represented by ROLAND D IETEREN

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/07/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - DEMISSIONS, NOMINATIONS
PDF
Restructuring25/07/2025
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring25/07/2025
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Capital / shares26/05/2025
CAPITAL, ACTIONS
PDF
Restructuring19/05/2025
OBJET - CAPITAL, ACTIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - COMPTES ANNUELS - DIVERS
PDF
Capital / shares30/10/2024
CAPITAL, ACTIONS
PDF
Mandates05/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates19/05/2022
MODIFICATION FORME JURIDIQUE - 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 2025-9,8 M €↓
26/06/2025
augmentation_capital
26/06/2025
apport
08/05/2025
augmentation_capital
08/05/2025
apport
01/01/2025
augmentation_capital
2024
Annual accounts 20241,4 Md €↑
07/10/2024
augmentation_capital
07/10/2024
apport
23/05/2024
nominationSRL BST Réviseurs d'Entreprises — Commissaire
2023
Annual accounts 202335 M €↑
2022
Annual accounts 202226,7 M €↑
2021
Annual accounts 202114,4 M €↑
2020
Annual accounts 2020-6,9 M €↓
2019
Annual accounts 201912 M €↓
2018
Annual accounts 201859,3 M €↑
2017
Annual accounts 201713,4 M €↑
2015
Annual accounts 201511,4 M €↑
2014
Annual accounts 201411,2 M €↑
2013
Annual accounts 201310,7 M €↑
2012
Annual accounts 20129,6 M €↑
2011
Annual accounts 20116,2 M €
25/09/1985
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

NAYARIT PARTICIPATIONS

Overview

What does NAYARIT PARTICIPATIONS do?

Trend over 14 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