ACTIVE

MICROBUS

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

9,3 k €

+146.0% YoY

Revenue

722,2 k €

-5.4% YoY

Equity

285,1 k €

+3.4% YoY

Workforce

7,9 ETP

-9.2% YoY

What does MICROBUS do?

MICROBUS is a Non-profit organization incorporated in 1986. Its main activity is: Security and investigation activities. Its registered office is in Liège. It employs on average 7,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.063.833

Incorporation

21/04/1986

Legal form

Non-profit organization

Registered office

Quai Timmermans 14 box 18
4000 Liège · WallonieSee on map

Latest accounts

31/12/2025

Average workforce

7,9 ETP

Activities (NACE)

80421Security and investigation activities· main 85592Other education n.e.c.85592Other education n.e.c.

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	722,2 k €	-5.4%	763,4 k €	+8.1%	706,3 k €	-0.4%	709,4 k €	+8.0%	656,8 k €	+7.6%	610,1 k €	-3.2%	630,4 k €	-6.4%	673,8 k €	+33.4%	505,1 k €		–		360,9 k €	+3.2%	349,7 k €	-11.3%	394,4 k €	-31.4%	574,9 k €	+28.7%	446,5 k €	+22.3%	365,2 k €		–		–		–
EBITDA	28,8 k €	+4365%	-675,2 €	-101%	45,7 k €	+8.4%	42,1 k €	+157%	16,4 k €	-37.7%	26,4 k €	+21.7%	21,7 k €	+17.8%	18,4 k €	-6.9%	19,7 k €	-25.6%	26,5 k €	+111%	12,6 k €	-21.8%	16,1 k €	-51.1%	32,9 k €	-27.4%	45,3 k €	+37.4%	33 k €	-33.2%	49,3 k €	+4.4%	47,3 k €	+14.8%	41,2 k €	+724%	-6,6 k €
Operating result	7,8 k €	+133%	-23,8 k €	-571%	5,1 k €	+425%	-1,6 k €	+93.5%	-23,9 k €	-9269%	-255,1 €	+95.6%	-5,7 k €	-236%	4,2 k €	+460%	-1,2 k €	-110%	11,9 k €	+437%	2,2 k €	+361%	-851,1 €	-127%	3,1 k €	+455%	563,6 €	+138%	-1,5 k €	-114%	10,3 k €	-61.3%	26,7 k €	+144%	10,9 k €	+133%	-32,7 k €
Net result	9,3 k €	+146%	-20,3 k €	-316%	9,4 k €	+133%	4 k €	+121%	-19,2 k €	-2618%	-707,3 €	+70.5%	-2,4 k €	-1599%	159,8 €	+110%	-1,7 k €	-113%	12,8 k €	+2101%	583,3 €	-78.0%	2,7 k €	+177%	958 €	-48.7%	1,9 k €	-16.5%	2,2 k €	-90.5%	23,6 k €	-13.6%	27,3 k €	+55.3%	17,6 k €	+7.6%	16,3 k €
Balance sheet
Equity	285,1 k €	+3.4%	275,7 k €	-6.9%	296 k €	+1.7%	291 k €	-0.7%	293 k €	-4.0%	305,2 k €	+0.9%	302,5 k €	-0.8%	304,9 k €	+0.1%	304,8 k €	-0.5%	306,5 k €	+4.4%	293,6 k €	+0.2%	293 k €	+0.9%	290,4 k €	+0.3%	289,4 k €	-3.8%	300,9 k €	+49.9%	200,8 k €	+5.4%	190,5 k €	+53.8%	123,8 k €	+10.1%	112,5 k €
Total assets	567,9 k €	-0.4%	570,2 k €	+4.9%	543,4 k €	-3.9%	565,4 k €	+9.5%	516,1 k €	-10.2%	574,7 k €	+16.4%	493,6 k €	-11.7%	559 k €	-5.1%	588,7 k €	+35.9%	433,3 k €	-1.9%	441,6 k €	+6.4%	415 k €	-7.0%	446,1 k €	-12.4%	509,5 k €	+13.3%	449,6 k €	+45.1%	309,9 k €	-12.0%	352,2 k €	+28.2%	274,8 k €	-10.1%	305,7 k €
Cash	207,5 k €	-16.6%	248,7 k €	-7.6%	269,3 k €	+8.6%	247,9 k €	+24.4%	199,2 k €	+5.8%	188,3 k €	+76.8%	106,5 k €	-57.5%	250,8 k €	+16.7%	214,9 k €	+0.3%	214,3 k €	+57.4%	136,2 k €	-3.2%	140,6 k €	-15.8%	167 k €	-40.3%	279,6 k €	+60.9%	173,8 k €	+58.4%	109,7 k €	+138%	46,1 k €	-10.0%	51,2 k €	-40.1%	85,5 k €
Debts	129,4 k €	-22.8%	167,6 k €	+16.5%	143,9 k €	-7.0%	154,7 k €	+40.7%	109,9 k €	+9.4%	100,5 k €	+31.3%	76,5 k €	-26.8%	104,6 k €	-25.2%	139,9 k €	+98.4%	70,5 k €	-30.1%	100,9 k €	+25.4%	80,4 k €	-22.2%	103,4 k €	-35.3%	159,8 k €	+48.0%	108 k €	+3.5%	104,3 k €	-32.1%	153,6 k €	+39.4%	110,2 k €	-35.7%	171,2 k €
Other
Workforce	7,9 ETP	-9.2%	8,7 ETP	+6.1%	8,2 ETP	0.0%	8,2 ETP	-1.2%	8,3 ETP	-1.2%	8,4 ETP	-8.7%	9,2 ETP	-4.2%	9,6 ETP	+14.3%	8,4 ETP	+1.2%	8,3 ETP	+1.2%	8,2 ETP	-5.7%	8,7 ETP	-8.4%	9,5 ETP	-15.9%	11,3 ETP	+36.1%	8,3 ETP	0.0%	8,3 ETP	+10.7%	7,5 ETP	0.0%	7,5 ETP	0.0%	7,5 ETP

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 31/12/2025 · 7 active · 42 ended

Active mandates

Marc EVRARD

Director · since 27 avril 2018

Active

Philippe BOCKIAU

Director · since 27 avril 2018

Active

Anne-Françoise GILISSEN

Director

Active

Divya HENKARD

Director

Active

Laurent QUITTRE

Director

Active

Nathalie RENIER

Director

Active

Paul COMHAIRE

Director

Active

Ended mandates

Dominique RORIVE

Director · since 27 avril 2018 · until 27 avril 2022

Ended

Dominique RORIVE

Managing director · since 27 avril 2018

Ended

Marc EVRARD

Mandate · since 27 avril 2018

Ended

Marc EVRARD

Director · since 27 avril 2018 · until 27 avril 2022

Ended

At this address

Other companies at this address

Company	CBE no.
ARCADE● Active	0444.013.243
ESPACE NEUF● Active	0435.023.719
GOSSELIES DEVELOPPEMENT● Liquidation	0441.219.247
VAL INVEST● Active	1016.045.306

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	17/07/2026	05/06/2025	31/05/2024	16/06/2023	25/05/2022	25/06/2021
General meeting	26/06/2026	09/05/2025	03/05/2024	06/05/2023	06/05/2022	30/04/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	17/07/2026	French	PDF
Full model	31/12/2024	09/05/2025	05/06/2025	French	PDF
Full model	31/12/2023	03/05/2024	31/05/2024	French	PDF
Full model	31/12/2022	06/05/2023	16/06/2023	French	PDF
Full model	31/12/2021	06/05/2022	25/05/2022	French	PDF
Full model	31/12/2020	30/04/2021	25/06/2021	French	PDF
Full model	31/12/2019	08/05/2020	23/06/2020	French	PDF
Full model	31/12/2018	03/05/2019	28/06/2019	French	PDF
Full model	31/12/2017	27/04/2018	04/06/2018	French	PDF
Abridged model	31/12/2016	12/05/2017	07/06/2017	French	PDF
Full model	31/12/2015	04/05/2016	15/06/2016	French	PDF
Full model	31/12/2014	29/04/2015	25/06/2015	French	PDF
Full model	31/12/2013	24/04/2014	08/05/2014	French	PDF
Full model	31/12/2012	26/04/2013	10/06/2013	French	PDF
Full model	31/12/2011	15/06/2012	23/07/2012	French	PDF
Full model	31/12/2010	20/05/2011	26/07/2011	French	PDF
Abridged model	31/12/2009	11/06/2010	26/08/2010	French	PDF
Abridged model	31/12/2008	19/06/2009	15/09/2009	French	PDF
Abridged model	31/12/2007	13/06/2008	30/07/2008	French	PDF
Abridged model	31/12/2006	04/05/2007	04/12/2007	French	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 31/12/2025 · 7 active · 42 ended

Active mandates

Marc EVRARD

Director · since 27 avril 2018

Active

Philippe BOCKIAU

Director · since 27 avril 2018

Active

Anne-Françoise GILISSEN

Director

Active

Divya HENKARD

Director

Active

Laurent QUITTRE

Director

Active

Nathalie RENIER

Director

Active

Paul COMHAIRE

Director

Active

Ended mandates

Dominique RORIVE

Director · since 27 avril 2018 · until 27 avril 2022

Ended

Dominique RORIVE

Managing director · since 27 avril 2018

Ended

Marc EVRARD

Mandate · since 27 avril 2018

Ended

Marc EVRARD

Director · since 27 avril 2018 · until 27 avril 2022

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/11/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates01/06/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Registered office23/05/2019
SIEGE SOCIAL
PDF
Mandates08/11/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates29/10/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates01/10/2013
DEMISSIONS, NOMINATIONS
PDF
Registered office20/10/2009
SIEGE SOCIAL
PDF
Mandates28/09/2009
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 20259,3 k €↑
2024
Annual accounts 2024-20,3 k €↓
2023
Annual accounts 20239,4 k €↑
2022
Annual accounts 20224 k €↑
2021
Annual accounts 2021-19,2 k €↓
2020
Annual accounts 2020-707,3 €↑
2019
Annual accounts 2019-2,4 k €↓
2018
Annual accounts 2018159,8 €↑
2017
Annual accounts 2017-1,7 k €↓
2016
Annual accounts 201612,8 k €↑
2015
Annual accounts 2015583,3 €↓
2014
Annual accounts 20142,7 k €↑
2013
Annual accounts 2013958 €↓
2012
Annual accounts 20121,9 k €↓
2011
Annual accounts 20112,2 k €↓
2010
Annual accounts 201023,6 k €↓
2009
Annual accounts 200927,3 k €↑
2008
Annual accounts 200817,6 k €↑
2007
Annual accounts 200716,3 k €
21/04/1986
IncorporationNon-profit organization

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

MICROBUS

Overview

What does MICROBUS 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