ACTIVE

MANAGEMENT EXPERTISE

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Financial year 2025 · closed on 31/12/2025
Net result
29,3 k €
-25.3% YoY
Gross margin
122 k €
-21.2% YoY
Equity
537,4 k €
+5.8% YoY

What does MANAGEMENT EXPERTISE do?

MANAGEMENT EXPERTISE is a Private limited company incorporated in 1986. Its main activity is: Computer consultancy activities. Its registered office is in Seraing.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0428.543.228
Incorporation
05/03/1986
Legal form
Private limited company
Registered office
Rue Wagner 93
4100 Seraing · WallonieSee on map
Contributed capital
16 133,00 €
Latest accounts
31/12/2025
Activities (NACE)
62020Computer consultancy activities· main62200Computer programming, consultancy and related activities72100Research and experimental development on natural sciences and engineering
Joint committees (3)
  • 100
  • 218
  • 323.010
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092007
Income statement
Gross margin122 k €154,8 k €115 k €78,1 k €79,5 k €91 k €134,2 k €117 k €83,5 k €53,3 k €-16 k €308,6 k €197,1 k €355,6 k €302,4 k €133,9 k €140,9 k €373,1 k €
EBITDA113,5 k €142,2 k €97,8 k €53,6 k €57,7 k €62,5 k €103 k €84,5 k €76,7 k €39,7 k €-28,5 k €290,2 k €167,9 k €335,6 k €274,6 k €90,9 k €110 k €133 k €
Operating result48,8 k €71 k €41,9 k €11,2 k €15,3 k €21,8 k €66,1 k €35 k €33,9 k €-6,2 k €-71,5 k €251,8 k €136,2 k €307,8 k €240,5 k €56,6 k €61,4 k €56,6 k €
Net result29,3 k €39,2 k €21,8 k €1,3 k €3,1 k €1,5 k €33,3 k €21,9 k €28 k €-17,7 k €-83,1 k €158,3 k €83,5 k €192,5 k €149,2 k €27,7 k €36,1 k €24,8 k €
Balance sheet
Equity537,4 k €508,1 k €468,9 k €447 k €445,8 k €442,7 k €441,2 k €407,9 k €387,3 k €360,6 k €379,5 k €463,9 k €306,9 k €224,8 k €34,3 k €40,8 k €125,4 k €213,6 k €
Total assets806,7 k €841 k €856,7 k €835,2 k €778,4 k €994,3 k €987 k €958,7 k €565,5 k €539,7 k €558 k €679 k €486,8 k €458,2 k €449,3 k €405,5 k €421,9 k €552,3 k €
Cash139,3 k €86,4 k €72,1 k €19,5 k €4,8 k €172,5 k €218,6 k €152,6 k €141,4 k €72,4 k €61,7 k €172,4 k €119,2 k €182,5 k €254,2 k €98,5 k €22,2 k €79,8 k €
Debts269,2 k €332,9 k €385,7 k €382,5 k €327,6 k €549 k €545,9 k €550,7 k €177,8 k €175,7 k €177,2 k €213,4 k €177,8 k €230,9 k €411,7 k €359 k €290,9 k €326,7 k €
Other
Workforce–––––––––0,0 ETP0,0 ETP0,5 ETP0,5 ETP–0,5 ETP1,2 ETP1,2 ETP4,7 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Vincent Keunen

Mandate

Active

Ended mandates

Nicolas KEUNEN

Manager · since 01 avril 2005

Ended
Vincent KEUNEN

Manager · since 30 octobre 1992

Ended
Vincent KEUNEN

Director

Ended
VINCENT KEUNEN

Manager

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year31/12/202531/12/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months15 months12 months12 months12 months12 months
Filing date15/08/202627/06/202508/03/202424/03/202318/03/202209/03/2021
General meeting29/06/202618/06/202501/03/202425/02/202304/03/202206/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202529/06/202615/08/2026FrenchPDF
Micro model31/12/202418/06/202527/06/2025FrenchPDF
Micro model30/09/202301/03/202408/03/2024FrenchPDF
Micro model30/09/202225/02/202324/03/2023FrenchPDF
Micro model30/09/202104/03/202218/03/2022FrenchPDF
Micro model30/09/202006/03/202109/03/2021FrenchPDF
Micro model30/09/201913/03/202024/03/2020FrenchPDF
Micro model30/09/201818/03/201920/03/2019FrenchPDF
Micro model30/09/201728/02/201823/03/2018FrenchPDF
Abridged model30/09/201604/03/201730/03/2017FrenchPDF
Abridged model30/09/201505/03/201622/03/2016FrenchPDF
Abridged model30/09/201428/02/201510/03/2015FrenchPDF
Abridged model30/09/201321/02/201412/03/2014FrenchPDF
Abridged model30/09/201221/02/201307/03/2013FrenchPDF
Abridged model30/09/201102/02/201220/03/2012FrenchPDF
Abridged model30/09/201026/01/201110/02/2011FrenchPDF
Abridged model30/09/200919/03/201009/07/2010FrenchPDF
Abridged model30/09/200807/03/200930/04/2009FrenchPDF
Abridged model30/09/200709/11/200707/12/2007FrenchPDF
Abridged model30/09/200603/03/200720/03/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 4 ended

Active mandates

Vincent Keunen

Mandate

Active

Ended mandates

Nicolas KEUNEN

Manager · since 01 avril 2005

Ended
Vincent KEUNEN

Manager · since 30 octobre 1992

Ended
Vincent KEUNEN

Director

Ended
VINCENT KEUNEN

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/09/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DIVERS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Registered office27/01/2022
    SIEGE SOCIAL
    PDF
  • Restructuring25/03/2008
    SIEGE SOCIAL - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring23/11/2007
    DIVERS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates15/04/2005
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office20/06/2003
    SIEGE SOCIAL
    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

Timeline

  1. 2025
    Annual accounts 202529,3 k €↓
  2. 2024
    Annual accounts 202439,2 k €↑
  3. 2023
    Annual accounts 202321,8 k €↑
  4. 2022
    Annual accounts 20221,3 k €↓
  5. 2021
    Annual accounts 20213,1 k €↑
  6. 2020
    Annual accounts 20201,5 k €↓
  7. 2019
    Annual accounts 201933,3 k €↑
  8. 2018
    Annual accounts 201821,9 k €↓
  9. 2017
    Annual accounts 201728 k €↑
  10. 2016
    Annual accounts 2016-17,7 k €↑
  11. 2015
    Annual accounts 2015-83,1 k €↓
  12. 2014
    Annual accounts 2014158,3 k €↑
  13. 2013
    Annual accounts 201383,5 k €↓
  14. 2012
    Annual accounts 2012192,5 k €↑
  15. 2011
    Annual accounts 2011149,2 k €↑
  16. 2010
    Annual accounts 201027,7 k €↓
  17. 2009
    Annual accounts 200936,1 k €↑
  18. 2007
    Annual accounts 200724,8 k €
  19. 05/03/1986
    IncorporationPrivate limited company