ACTIVE

Etudes et Projets

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Financial year 2026 · Closed on 31/03/2026

Net result49,7 k €+135,1 %over 1 year
Gross margin67,3 k €-15,9 %over 1 year
Equity813,4 k €+1,1 %over 1 year

Identity

Source · BCE/KBO

Etudes et Projets is a Public limited company incorporated in 1986. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Tubize.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0428.983.389
Incorporation
18/04/1986
Legal form
Public limited company
Registered office
Rue Maurice Maeterlinck 3
1480 Tubize · WallonieSee on map
Contributed capital
79 000,00 €
Latest accounts
31/03/2026
Signals
ProfitableSolid equityPositive cashflowPositive EBITDA

Financials

Source · NBB, 21 filings

Trend over 21 financial years

20262025202420232022
Income statement
Gross margin67,3 k €80 k €67,6 k €88,6 k €21,9 k €
EBITDA57,2 k €60,3 k €53,6 k €51,5 k €21,8 k €
Operating result1,5 k €8,1 k €1,9 k €-13,6 k €-22,7 k €
Net result49,7 k €21,1 k €-8,1 k €-7,9 k €-16,7 k €
Balance sheet
Equity813,4 k €804,5 k €789,2 k €632,4 k €640,3 k €
Total assets1,8 M €1,9 M €1,9 M €1,9 M €2 M €
Cash13,2 k €26,5 k €60,7 k €6,1 k €20,3 k €
Debts704 k €780,2 k €849,3 k €992,1 k €1 M €

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 31/03/2026

2 active · 14 ended

Active mandates

Didier Smits

Managing director · since 14 décembre 2023 · until 13 décembre 2029

Active
Isabelle Etienne

Director · since 14 décembre 2023 · until 13 décembre 2029

Active

Ended mandates

Didier SMITS

Managing director · since 10 juillet 2014 · until 09 juillet 2020

Ended
DIDIER SMITS

Director · since 10 juillet 2014 · until 09 juillet 2020

Ended
ISABELLE ETIENNE

Director · since 10 juillet 2014 · until 09 juillet 2020

Ended
PHILIPPE RASQUIN

Director · since 10 juillet 2014 · until 09 juillet 2020

Ended

Other companies at this address

Rue Maurice Maeterlinck 3 1480 Tubize
CompanyCBE no.
AX Project Management● Active
1008.329.252
Papeteries AUBRY● Active
0423.962.056

Full financial information

Source · NBB
202620252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelMicro model
Start of the financial year01/04/202501/04/202401/04/202301/04/202201/04/202101/04/2020
Closing of the financial year31/03/202631/03/202531/03/202431/03/202331/03/202231/03/2021
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/07/202614/07/202508/08/202407/08/202320/09/202223/09/2021
General meeting08/07/202609/07/202510/07/202412/07/202313/07/202214/07/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/03/202608/07/202623/07/2026FrenchPDF
Abridged model31/03/202509/07/202514/07/2025FrenchPDF
Abridged model31/03/202410/07/202408/08/2024FrenchPDF
Abridged model31/03/202312/07/202307/08/2023FrenchPDF
Abridged model31/03/202213/07/202220/09/2022FrenchPDF
Micro model31/03/202114/07/202123/09/2021FrenchPDF
Micro model31/03/202008/07/202003/09/2020FrenchPDF
Micro model31/03/201910/07/201926/11/2019FrenchPDF
Micro model31/03/201830/09/201822/10/2018FrenchPDF
Micro model31/03/201712/07/201714/11/2017FrenchPDF
Abridged model31/03/201613/07/201628/09/2016FrenchPDF
Abridged model31/03/201508/07/201528/09/2015FrenchPDF
Abridged model31/03/201409/07/201429/09/2014FrenchPDF
Abridged model31/03/201310/07/201331/10/2013FrenchPDF
Abridged model31/03/201211/07/201225/10/2012FrenchPDF
Abridged model31/03/201113/07/201104/10/2011FrenchPDF
Abridged model31/03/201014/07/201004/10/2011FrenchPDF
Abridged model31/03/200908/07/200902/12/2009FrenchPDF
Abridged model31/03/200809/07/200825/08/2008FrenchPDF
Abridged model31/03/200706/08/200731/08/2007FrenchPDF
Abridged model31/03/200607/08/200623/04/2008FrenchPDF

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 31/03/2026

2 active · 14 ended

Active mandates

Didier Smits

Managing director · since 14 décembre 2023 · until 13 décembre 2029

Active
Isabelle Etienne

Director · since 14 décembre 2023 · until 13 décembre 2029

Active

Ended mandates

Didier SMITS

Managing director · since 10 juillet 2014 · until 09 juillet 2020

Ended
DIDIER SMITS

Director · since 10 juillet 2014 · until 09 juillet 2020

Ended
ISABELLE ETIENNE

Director · since 10 juillet 2014 · until 09 juillet 2020

Ended
PHILIPPE RASQUIN

Director · since 10 juillet 2014 · until 09 juillet 2020

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates21/12/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/07/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office01/12/2021
    SIEGE SOCIAL
    PDF
  • Mandates27/11/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/07/2008
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares27/06/2008
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates30/06/2006
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/05/2004
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2026
    Annual accounts 202649,7 k €↑
  2. 2025
    Annual accounts 202521,1 k €↑
  3. 2024
    Annual accounts 2024-8,1 k €↓
  4. 2023
    Annual accounts 2023-7,9 k €↑
  5. 2022
    Annual accounts 2022-16,7 k €↑
  6. 2021
    Annual accounts 2021-53,5 k €↓
  7. 2020
    Annual accounts 20201,1 M €↑
  8. 2019
    Annual accounts 201916,6 k €↑
  9. 2018
    Annual accounts 2018-51,2 k €↓
  10. 2017
    Annual accounts 2017-50,1 k €↓
  11. 2016
    Annual accounts 2016-43,8 k €↑
  12. 2015
    Annual accounts 2015-57,3 k €↓
  13. 2014
    Annual accounts 2014-42,2 k €↑
  14. 2013
    Annual accounts 2013-50,9 k €↑
  15. 2012
    Annual accounts 2012-54,5 k €↑
  16. 2011
    Annual accounts 2011-56,9 k €↑
  17. 2010
    Annual accounts 2010-57 k €↑
  18. 2009
    Annual accounts 2009-65,4 k €↓
  19. 2008
    Annual accounts 200845,1 k €↑
  20. 2007
    Annual accounts 200732,8 k €↑
  21. 2006
    Annual accounts 200621 k €
  22. 18/04/1986
    IncorporationPublic limited company