ACTIVE

BELGIAN INSTITUTE OF HUMAN RESEARCH

Financial year 2025 · Closed on 30/09/2025

Net result-38,7 k €+18,6 %over 1 year

Gross margin24,5 k €+2 723,8 %over 1 year

Equity132,5 k €-22,6 %over 1 year

Identity

Source · BCE/KBO

BELGIAN INSTITUTE OF HUMAN RESEARCH is a Public limited company incorporated in 1986. Its main activity is: Agents specialised in the sale of other particular products. Its registered office is in Ixelles.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0428.878.273
Incorporation: 18/04/1986
Legal form: Public limited company
Registered office: Avenue de l'Université 78
1050 Ixelles · BruxellesSee on map
Contributed capital: 62 000,00 €
Latest accounts: 30/09/2025

Activities (NACE)

46180Agents specialised in the sale of other particular products· main 46180Agents specialised in the sale of other particular products 51180Passenger air transport 68110Buying and selling of own real estate 68201Rental and operating of own or leased real estate 72109Research and experimental development on natural sciences and engineering+3

Joint committees (2)

Signals

Good liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	24,5 k €	+2724%	869,1 €	+109%	-10,2 k €	-124%	41,6 k €	+114%	19,5 k €
EBITDA	17,9 k €	+520%	-4,3 k €	+85.9%	-30 k €	-335%	12,8 k €	+256%	-8,2 k €
Operating result	-23 k €	+41.8%	-39,6 k €	+37.8%	-63,6 k €	-157%	-24,8 k €	+68.2%	-77,9 k €
Net result	-38,7 k €	+18.6%	-47,6 k €	-118%	260,2 k €	+1130%	-25,3 k €	+66.0%	-74,4 k €
Balance sheet
Equity	132,5 k €	-22.6%	171,2 k €	-21.7%	218,8 k €	+628%	-41,4 k €	-156%	-16,2 k €
Total assets	530,4 k €	-45.1%	966,8 k €	-15.4%	1,1 M €	+134%	489 k €	-13.5%	565,3 k €
Cash	104,9 k €	-80.5%	538,4 k €	-21.1%	682,1 k €	+5715%	11,7 k €	-24.7%	15,6 k €
Debts	398 k €	-50.0%	795,6 k €	-13.9%	923,6 k €	+74.1%	530,4 k €	-8.8%	581,5 k €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
SANDRINE FAUCON	Managing directorsince 19/04/2024Director07/03/2016 → 21/02/2022ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Philippe DRUEZ	Director07/03/2016 → 21/02/2022
Philippe Faucon	Director07/03/2016 → 21/02/2022Managing director01/07/2014 → 07/03/2016

Full financial information

Source · NBB

	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	01/10/2024	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	31/05/2026	30/04/2025	06/12/2023	22/12/2022	20/02/2022	14/06/2021
General meeting	16/02/2026	17/02/2025	04/12/2023	19/12/2022	18/02/2022	18/02/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	16/02/2026	31/05/2026	French	PDF
Micro model	30/09/2024	17/02/2025	30/04/2025	French	PDF
Micro model	30/09/2023	04/12/2023	06/12/2023	French	PDF
Micro model	30/09/2022	19/12/2022	22/12/2022	French	PDF
Micro model	30/09/2021	18/02/2022	20/02/2022	French	PDF
Micro model	30/09/2020	18/02/2021	14/06/2021	French	PDF
Micro model	30/09/2019	18/02/2020	11/03/2020	French	PDF
Micro model	30/09/2018	18/02/2019	11/03/2019	French	PDF
Micro model	30/09/2017	19/02/2018	20/02/2018	French	PDF
Abridged model	30/09/2016	20/02/2017	17/03/2017	French	PDF
Abridged model	30/09/2015	07/03/2016	10/03/2016	French	PDF
Abridged model	30/09/2014	16/02/2015	27/03/2015	French	PDF
Abridged model	30/09/2013	17/02/2014	29/04/2014	French	PDF
Abridged model	30/09/2012	18/02/2013	30/04/2013	French	PDF
Abridged model	30/09/2011	20/02/2012	27/03/2012	French	PDF
Abridged model	30/09/2010	21/02/2011	28/04/2011	French	PDF
Abridged model	30/09/2009	15/02/2010	13/04/2010	French	PDF
Abridged model	30/09/2008	16/02/2009	29/04/2009	French	PDF
Abridged model	30/09/2007	18/02/2008	22/02/2008	French	PDF
Abridged model	30/09/2006	19/02/2007	27/03/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
SANDRINE FAUCON	Managing directorsince 19/04/2024Director07/03/2016 → 21/02/2022ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Philippe DRUEZ	Director07/03/2016 → 21/02/2022
Philippe Faucon	Director07/03/2016 → 21/02/2022Managing director01/07/2014 → 07/03/2016

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates18/06/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates10/05/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates15/04/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates25/09/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates07/05/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates17/06/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates17/06/2004
DEMISSIONS, NOMINATIONS
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

SANDRINE FAUCON

Philippe DRUEZ

Philippe Faucon

Philippe FAUCON

Paul SARTON

Michel LUBELSKI

19861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

BIOSEARCHBELGIAN INSTITUTE OF HUMAN RESEARCH

Avenue de l'Université 78, 1050 Ixelles

Managing directorDirector

Director

DirectorManaging director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue de l'Université 78, 1050 IxellesCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00127870

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BELGIAN INSTITUTE OF HUMAN RESEARCHCurrent		CBE
BIOSEARCH	accounts 2024 → 2025	Accounts 2025 · 2026-00127870
BELGIAN INSTITUTE OF HUMAN RESEARCH	accounts 2022 → 2023	Accounts 2023 · 2023-00523306

Events

2025
Annual accounts 2025-38,7 k €↑
2024
Annual accounts 2024-47,6 k €↓
2024
Name changeBIOSEARCH
2023
Annual accounts 2023260,2 k €↑
2022
Annual accounts 2022-25,3 k €↑
2021
Annual accounts 2021-74,4 k €↓
2020
Annual accounts 2020-30,1 k €↓
2019
Annual accounts 2019-18,3 k €↑
2018
Annual accounts 2018-53,1 k €↓
2017
Annual accounts 20171,3 k €↑
2016
Annual accounts 20161 k €↓
2015
Annual accounts 20159,1 k €↑
2014
Annual accounts 20144,3 k €↓
2013
Annual accounts 201369,9 k €↑
2012
Annual accounts 2012-14,3 k €↓
2011
Annual accounts 20113 k €↑
2010
Annual accounts 20102,3 k €↓
2009
Annual accounts 200951,8 k €↑
2008
Annual accounts 200844 k €↓
2007
Annual accounts 200747,1 k €
18/04/1986
IncorporationPublic limited company

BELGIAN INSTITUTE OF HUMAN RESEARCH

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Timeline

Registered offices

Company names

Events