ACTIVE

EMPIRE

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Financial year 2025 · closed on 31/12/2025

Net result

810,3 k €

+34.9% YoY

Revenue

9,6 M €

-2.7% YoY

Equity

11,3 M €

+7.7% YoY

Workforce

31,0 ETP

+3.3% YoY

What does EMPIRE do?

EMPIRE is a Public limited company incorporated in 1987. Its registered office is in Charleroi. It employs on average 31,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.358.395

Incorporation

29/10/1987

Legal form

Public limited company

Registered office

Grand'rue 143-145
6000 Charleroi · Wallonie

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

31,0 ETP

Joint committees (1)

30303

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	9,6 M €	-2.7%	9,9 M €	-13.1%	11,4 M €	+29.9%	8,7 M €	+105%	4,3 M €	+68.7%	2,5 M €	-76.7%	10,8 M €	+10.3%	9,8 M €	+15.8%	8,5 M €	-2.3%	8,7 M €	+1.2%	8,6 M €	+6.4%	8,1 M €	+5.2%	7,7 M €	-7.8%	8,3 M €	-3.8%	8,7 M €	+10.3%	7,9 M €	+7.1%	7,3 M €	+6.2%	6,9 M €	+6.6%	6,5 M €	-2.3%	6,6 M €
EBITDA	2,6 M €	+7.1%	2,4 M €	-31.4%	3,5 M €	+46.7%	2,4 M €	+122%	1,1 M €	+419%	-339,7 k €	-113%	2,6 M €	+19.6%	2,2 M €	+20.0%	1,8 M €	+18.0%	1,5 M €	-1.9%	1,6 M €	+26.0%	1,3 M €	+8.2%	1,2 M €	-23.9%	1,5 M €	+21.4%	1,3 M €	+5.2%	1,2 M €	+22.8%	969,7 k €	+21.6%	797,2 k €	+5.3%	757,3 k €	-4.1%	789,9 k €
Operating result	1,2 M €	+18.9%	1 M €	-51.5%	2,1 M €	+108%	1 M €	+444%	-299,4 k €	+83.9%	-1,9 M €	-282%	1 M €	+97.1%	519,6 k €	+21.8%	426,6 k €	-45.3%	779,3 k €	-10.1%	866,4 k €	+53.9%	563,1 k €	-38.5%	915 k €	-29.5%	1,3 M €	+26.5%	1 M €	+7.0%	958,6 k €	+32.8%	722 k €	+28.9%	560 k €	+57.0%	356,6 k €	-5.3%	376,6 k €
Net result	810,3 k €	+34.9%	600,5 k €	-57.6%	1,4 M €	+87.0%	757 k €	+328%	-331,5 k €	+78.9%	-1,6 M €	-381%	559,8 k €	+195%	189,5 k €	+66.1%	114,1 k €	-67.9%	355,4 k €	-19.0%	438,9 k €	+55.8%	281,7 k €	-55.7%	635,6 k €	-28.8%	893,1 k €	+29.3%	690,5 k €	+4.3%	661,9 k €	+25.8%	526,3 k €	+35.9%	387,3 k €	+23.8%	312,7 k €	+47.2%	212,4 k €
Balance sheet
Equity	11,3 M €	+7.7%	10,5 M €	+6.0%	9,9 M €	+16.6%	8,5 M €	+9.8%	7,8 M €	-4.1%	8,1 M €	-16.3%	9,7 M €	+6.1%	9,1 M €	-0.4%	9,1 M €	+1.3%	9 M €	-0.8%	9,1 M €	-44.6%	16,4 M €	+1.7%	16,2 M €	+124%	7,2 M €	+14.1%	6,3 M €	+12.2%	5,6 M €	+13.3%	5 M €	+11.8%	4,5 M €	+9.5%	4,1 M €	+8.3%	3,8 M €
Total assets	14,4 M €	+4.2%	13,8 M €	-6.4%	14,8 M €	-5.7%	15,7 M €	+2.0%	15,4 M €	-2.7%	15,8 M €	-15.3%	18,6 M €	-4.6%	19,5 M €	+2.7%	19 M €	+32.4%	14,4 M €	+21.6%	11,8 M €	-40.7%	19,9 M €	+0.2%	19,9 M €	+78.3%	11,1 M €	+4.1%	10,7 M €	+6.9%	10 M €	+3.4%	9,7 M €	+8.9%	8,9 M €	+6.3%	8,4 M €	-0.7%	8,4 M €
Cash	761,9 k €	-46.9%	1,4 M €	+46.8%	977,6 k €	-5.8%	1 M €	+30.4%	796,3 k €	+1049%	69,3 k €	-95.0%	1,4 M €	+42.7%	973,2 k €	+16.8%	833,4 k €	-39.6%	1,4 M €	+32.6%	1 M €	-2.7%	1,1 M €	+16.5%	918,7 k €	-2.4%	941,4 k €	+6.7%	882,3 k €	+25.5%	703 k €	-13.6%	814,1 k €	+186%	284,6 k €	-10.2%	317 k €	+13.7%	278,7 k €
Debts	2,9 M €	-12.1%	3,3 M €	-31.4%	4,8 M €	-32.5%	7,1 M €	-5.2%	7,5 M €	-2.6%	7,7 M €	-14.3%	9 M €	-13.9%	10,4 M €	+5.7%	9,9 M €	+85.2%	5,3 M €	+99.1%	2,7 M €	-23.1%	3,5 M €	-6.3%	3,7 M €	-5.2%	3,9 M €	-10.4%	4,4 M €	-0.1%	4,4 M €	-7.0%	4,7 M €	+6.3%	4,4 M €	+3.2%	4,3 M €	-7.5%	4,6 M €
Other
Workforce	31,0 ETP	+3.3%	30,0 ETP	+4.2%	28,8 ETP	+1.1%	28,5 ETP	+16.8%	24,4 ETP	-9.0%	26,8 ETP	-11.8%	30,4 ETP	-9.8%	33,7 ETP	-6.1%	35,9 ETP	-10.5%	40,1 ETP	+12.0%	35,8 ETP	+8.2%	33,1 ETP	+5.1%	31,5 ETP	0.0%	31,5 ETP	-6.0%	33,5 ETP	+4.0%	32,2 ETP	+5.2%	30,6 ETP	+3.0%	29,7 ETP	-10.0%	33,0 ETP	-3.5%	34,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 30 ended

Active mandates

Marion Giral

Director · since 29 janvier 2025

Active

Jacques Hoendervangers

Director · since 19 juin 2024 · until 28 juin 2030

Active

Ended mandates

Marion Giral

Director · since 29 janvier 2025 · until 30 juin 2031

Ended

Jacques Hoendervangers

Director · since 19 juin 2024 · until 30 juin 2030

Ended

PATHÉ HOLDING B.V.

Managing director · since 25 juin 2021 · until 30 juin 2027

Ended

Anne-Laure Julienne

Director · since 02 septembre 2019 · until 30 juin 2027

Ended

At this address

Other companies at this address

Company	CBE no.
BENGE● Active	0542.736.477

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	22/07/2026	26/08/2025	23/07/2024	12/07/2023	26/09/2022	12/07/2021
General meeting	30/06/2026	25/06/2025	28/06/2024	27/06/2023	07/06/2022	25/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	22/07/2026	French	PDF
Full model	31/12/2024	25/06/2025	26/08/2025	French	PDF
Full model	31/12/2023	28/06/2024	23/07/2024	French	PDF
Full model	31/12/2022	27/06/2023	12/07/2023	French	PDF
Full modelCorrection	31/12/2021	07/06/2022	26/09/2022	French	PDF
Full model	31/12/2021	07/06/2022	24/06/2022	French	PDF
Full model	31/12/2020	25/06/2021	12/07/2021	French	PDF
Full model	31/12/2019	27/06/2020	06/07/2020	French	PDF
Full model	31/12/2018	29/06/2019	02/07/2019	French	PDF
Full model	31/12/2017	30/06/2018	27/07/2018	French	PDF
Full model	31/12/2016	24/06/2017	03/07/2017	French	PDF
Full model	31/12/2015	25/06/2016	12/08/2016	French	PDF
Full model	31/12/2014	27/06/2015	19/08/2015	French	PDF
Full model	31/12/2013	28/06/2014	27/08/2014	French	PDF
Full model	31/12/2012	29/06/2013	25/07/2013	French	PDF
Full model	31/12/2011	30/06/2012	08/08/2012	French	PDF
Full model	31/12/2010	25/06/2011	01/08/2011	French	PDF
Full model	31/12/2009	26/06/2010	28/07/2010	French	PDF
Full model	31/12/2008	27/06/2009	07/07/2009	French	PDF
Full model	31/12/2007	28/06/2008	30/06/2008	French	PDF
Full model	31/12/2006	30/06/2007	08/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 30 ended

Active mandates

Marion Giral

Director · since 29 janvier 2025

Active

Jacques Hoendervangers

Director · since 19 juin 2024 · until 28 juin 2030

Active

Ended mandates

Marion Giral

Director · since 29 janvier 2025 · until 30 juin 2031

Ended

Jacques Hoendervangers

Director · since 19 juin 2024 · until 30 juin 2030

Ended

PATHÉ HOLDING B.V.

Managing director · since 25 juin 2021 · until 30 juin 2027

Ended

Anne-Laure Julienne

Director · since 02 septembre 2019 · until 30 juin 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/07/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates27/02/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates05/11/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates09/07/2024
DEMISSIONS, NOMINATIONS
PDF
Other23/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE
PDF
Mandates31/05/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates03/11/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates29/11/2021
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 2025810,3 k €↑
2024
Annual accounts 2024600,5 k €↓
2023
Annual accounts 20231,4 M €↑
2022
Annual accounts 2022757 k €↑
2021
Annual accounts 2021-331,5 k €↑
2020
Annual accounts 2020-1,6 M €↓
2019
Annual accounts 2019559,8 k €↑
2018
Annual accounts 2018189,5 k €↑
2017
Annual accounts 2017114,1 k €↓
2016
Annual accounts 2016355,4 k €↓
2015
Annual accounts 2015438,9 k €↑
2014
Annual accounts 2014281,7 k €↓
2013
Annual accounts 2013635,6 k €↓
2012
Annual accounts 2012893,1 k €↑
2011
Annual accounts 2011690,5 k €↑
2010
Annual accounts 2010661,9 k €↑
2009
Annual accounts 2009526,3 k €↑
2008
Annual accounts 2008387,3 k €↑
2007
Annual accounts 2007312,7 k €↑
2006
Annual accounts 2006212,4 k €
29/10/1987
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

EMPIRE

Overview

What does EMPIRE do?

Trend over 20 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