ACTIVE

E.A.P.

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Financial year 2025 · closed on 31/12/2025

Net result

121,5 k €

+72.7% YoY

Gross margin

226,3 k €

+43.7% YoY

Equity

753,1 k €

+19.5% YoY

Workforce

0,0 ETP

What does E.A.P. do?

E.A.P. is a Public limited company incorporated in 1989. Its main activity is: Management consultancy activities. Its registered office is in Zele.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.805.054

Incorporation

14/02/1989

Legal form

Public limited company

Registered office

Korte Rinkhoutstraat 30
9240 Zele · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	226,3 k €	+43.7%	157,5 k €	-0.4%	158,2 k €	-0.9%	159,7 k €	+48.5%	107,5 k €	+68.5%	63,8 k €	-21.6%	81,4 k €	+2.9%	79,1 k €	-53.6%	170,4 k €	+5.1%	162,1 k €	+121%	73,2 k €	+8.3%	67,6 k €	+105%	33 k €	-7.9%	35,8 k €	+37.3%	26,1 k €	+5.7%	24,7 k €	+32.1%	18,7 k €	-3.8%	19,4 k €
EBITDA	218,7 k €	+45.8%	150 k €	-0.8%	151,3 k €	-1.3%	153,3 k €	+51.6%	101,1 k €	+72.6%	58,6 k €	-23.1%	76,2 k €	+3.4%	73,6 k €	-55.0%	163,7 k €	+4.5%	156,6 k €	+130%	68,1 k €	+8.4%	62,8 k €	+124%	28 k €	-9.8%	31,1 k €	+38.6%	22,4 k €	+7.0%	20,9 k €	+37.8%	15,2 k €	-4.0%	15,8 k €
Operating result	167,6 k €	+70.2%	98,5 k €	+0.8%	97,7 k €	-2.9%	100,6 k €	+110%	47,9 k €	+238%	14,2 k €	-50.6%	28,7 k €	+19.9%	23,9 k €	-78.7%	112,3 k €	+4.3%	107,7 k €	+390%	22 k €	+28.4%	17,1 k €	+200%	-17,1 k €	-21.6%	-14 k €	+66.5%	-41,8 k €	+38.4%	-67,9 k €	-160%	-26,1 k €	+36.0%	-40,8 k €
Net result	121,5 k €	+72.7%	70,3 k €	+3.2%	68,2 k €	-0.0%	68,2 k €	+115%	31,7 k €	+2933%	-1,1 k €	-115%	7,4 k €	-83.3%	44,5 k €	-53.8%	96,3 k €	+6.2%	90,7 k €	+2250%	3,9 k €	+295%	-2 k €	+94.7%	-37 k €	-5.4%	-35,1 k €	+49.5%	-69,5 k €	+11.1%	-78,2 k €	-491%	20 k €	-88.1%	167,9 k €
Balance sheet
Equity	753,1 k €	+19.5%	630,3 k €	+12.8%	558,7 k €	+14.2%	489,2 k €	+16.6%	419,7 k €	+11.6%	376,1 k €	-0.2%	376,7 k €	+2.0%	369,3 k €	+13.7%	324,8 k €	+42.1%	228,5 k €	+65.8%	137,8 k €	+2.9%	134 k €	-1.5%	136 k €	-21.4%	173 k €	-16.9%	208 k €	-25.0%	277,5 k €	-22.0%	355,7 k €	+6.0%	335,7 k €
Total assets	1,3 M €	+2.9%	1,3 M €	-3.8%	1,4 M €	-2.0%	1,4 M €	-0.4%	1,4 M €	+42.0%	976,1 k €	-8.3%	1,1 M €	-5.3%	1,1 M €	+1.5%	1,1 M €	+8.0%	1 M €	+5.0%	975,4 k €	-3.4%	1 M €	-1.2%	1 M €	-4.0%	1,1 M €	-4.2%	1,1 M €	+11.7%	995,7 k €	+41.3%	704,6 k €	+17.4%	600,2 k €
Cash	9,4 k €	+174%	3,4 k €	-61.4%	8,9 k €	+12.0%	8 k €	+1719%	438,4 €	-85.2%	3 k €	-82.1%	16,5 k €	-67.5%	50,8 k €	+1356%	3,5 k €	-80.9%	18,2 k €	-31.9%	26,8 k €	+79.6%	14,9 k €	+514%	2,4 k €	+744%	288 €	-65.0%	824 €	-69.2%	2,7 k €	+4.0%	2,6 k €	+116%	1,2 k €
Debts	540,5 k €	-13.0%	620,9 k €	-16.1%	740,5 k €	-11.1%	832,8 k €	-7.9%	903,9 k €	+72.1%	525,3 k €	-13.7%	608,5 k €	-9.3%	671,2 k €	-3.5%	695,3 k €	+7.3%	648,2 k €	-6.7%	694,6 k €	-5.8%	737,1 k €	-2.0%	752,5 k €	-1.4%	763,1 k €	-2.0%	778,4 k €	+28.5%	605,9 k €	+161%	231,9 k €	+40.9%	164,6 k €
Other
Workforce	0,0 ETP		0,0 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 · 3 active · 12 ended

Active mandates

Annie Benaerens

Director

Active

Etienne Van De Moortel

Managing director

Active

Peggy Van de Moortel

Director

Active

Ended mandates

Annie Benaerens

Director · since 11 juin 2019 · until 30 juin 2025

Ended

Etienne Van de Moortel

Managing director · since 11 juin 2019 · until 30 juin 2025

Ended

Peggy Van de Moortel

Director · since 11 juin 2019 · until 30 juin 2025

Ended

CARRETIE

Director · since 30 juin 2016 · until 30 juin 2019 · 0448.226.805

Represented by Etienne Van De Moortel

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	16/06/2026	28/07/2025	29/07/2024	13/07/2023	26/07/2022	23/08/2021
General meeting	31/05/2026	30/06/2025	30/06/2024	12/06/2023	30/06/2022	14/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	31/05/2026	16/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	28/07/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	29/07/2024	Dutch	PDF
Abridged model	31/12/2022	12/06/2023	13/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	26/07/2022	Dutch	PDF
Abridged model	31/12/2020	14/06/2021	23/08/2021	Dutch	PDF
Abridged model	31/12/2019	31/07/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	26/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	20/07/2018	Dutch	PDF
Abridged model	31/12/2016	12/06/2017	07/08/2017	Dutch	PDF
Abridged model	31/12/2015	13/06/2016	26/07/2016	Dutch	PDF
Abridged model	31/12/2014	08/06/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	29/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	25/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	25/08/2008	Dutch	PDF
Abridged model	31/12/2006	25/06/2007	29/08/2007	Dutch	PDF

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 · 3 active · 12 ended

Active mandates

Annie Benaerens

Director

Active

Etienne Van De Moortel

Managing director

Active

Peggy Van de Moortel

Director

Active

Ended mandates

Annie Benaerens

Director · since 11 juin 2019 · until 30 juin 2025

Ended

Etienne Van de Moortel

Managing director · since 11 juin 2019 · until 30 juin 2025

Ended

Peggy Van de Moortel

Director · since 11 juin 2019 · until 30 juin 2025

Ended

CARRETIE

Director · since 30 juin 2016 · until 30 juin 2019 · 0448.226.805

Represented by Etienne Van De Moortel

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/12/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/08/2006
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/12/2005
ONTSLAGEN - BENOEMINGEN
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 2025121,5 k €↑
2024
Annual accounts 202470,3 k €↑
2023
Annual accounts 202368,2 k €↓
2023
Name changeE.A.P.
2022
Annual accounts 202268,2 k €↑
2021
Annual accounts 202131,7 k €↑
2021
Name changeEAP
2018
Annual accounts 2018-1,1 k €↓
2017
Annual accounts 20177,4 k €↓
2016
Annual accounts 201644,5 k €↓
2015
Annual accounts 201596,3 k €↑
2014
Annual accounts 201490,7 k €↑
2013
Annual accounts 20133,9 k €↑
2012
Annual accounts 2012-2 k €↑
2011
Annual accounts 2011-37 k €↓
2010
Annual accounts 2010-35,1 k €↑
2009
Annual accounts 2009-69,5 k €↑
2008
Annual accounts 2008-78,2 k €↓
2007
Annual accounts 200720 k €↓
2006
Annual accounts 2006167,9 k €
14/02/1989
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

E.A.P.

Overview

What does E.A.P. do?

Trend over 18 financial years

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