BUREAU D'ETUDES FINANCIERES ET D'ASSURANCES
0438.093.174 · rovalta.com · 27/09/2026
ACTIVE
BUREAU D'ETUDES FINANCIERES ET D'ASSURANCES
Financial year 2025 · Closed on 31/12/2025
Net result-8,1 k €+76,1 %over 1 year
Gross margin24,2 k €+519,9 %over 1 year
Equity344 k €-2,3 %over 1 year
Overview
Identity
Source · BCE/KBOBUREAU D'ETUDES FINANCIERES ET D'ASSURANCES is a Public limited company incorporated in 1989. Its registered office is in Philippeville.
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0438.093.174
- Incorporation
- 28/07/1989
- Legal form
- Public limited company
- Registered office
- Rue de Roly(SAM) 27
5600 Philippeville · WallonieSee on map - Contributed capital
- 62 000,00 €
- Latest accounts
- 31/12/2025
Joint committees (1)
- 307
Signals
Solid equityPositive cashflowPositive EBITDA
Financials
Source · NBB, 20 filingsTrend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 24,2 k € | +520% | -5,8 k € | -111% | 51,3 k € | +694% | -8,6 k € | -233% | 6,5 k € |
| EBITDA | 20,5 k € | +318% | -9,4 k € | -406% | 3,1 k € | +126% | -11,8 k € | -451% | 3,4 k € |
| Operating result | -8 k € | +76.3% | -33,6 k € | -64.2% | -20,4 k € | +39.8% | -33,9 k € | -86.1% | -18,2 k € |
| Net result | -8,1 k € | +76.1% | -33,6 k € | -63.9% | -20,5 k € | +39.7% | -34 k € | -85.7% | -18,3 k € |
| Balance sheet | |||||||||
| Equity | 344 k € | -2.3% | 352,1 k € | -8.7% | 385,7 k € | -5.1% | 406,3 k € | -7.7% | 440,3 k € |
| Total assets | 402,6 k € | +3.9% | 387,4 k € | -6.0% | 412 k € | -2.9% | 424,5 k € | -3.9% | 441,7 k € |
| Cash | 8,1 k € | +236% | 2,4 k € | -39.1% | 4 k € | +57.5% | 2,5 k € | -47.0% | 4,8 k € |
| Debts | 58,5 k € | +65.7% | 35,3 k € | +34.4% | 26,3 k € | +44.2% | 18,2 k € | +1178% | 1,4 k € |
| Other | |||||||||
| Workforce | – | – | – | – | – | ||||
Valuation
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20253 active · 10 ended
Active mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
André DESCARTES | Managing director | 26/06/2023 → 25/06/2029 | 00 |
Benoît DESCARTES | Director | 26/06/2023 → 25/06/2029 | 000 |
Valérie DESCARTES | Director | 26/06/2023 → 25/06/2029 |
Ended mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
André DESCARTES | Managing director | 28/06/2010 → 27/06/2016 | 00 |
André DESCARTES | Managing director | 28/06/2010 → 28/06/2016 | 00 |
André DESCARTES | Managing director | 28/06/2010 → 28/06/2023 | 00 |
Valérie DESCARTES | Director | 28/06/2010 → 27/06/2016 |
Other companies at this address
Rue de Roly(SAM) 27 5600 Philippeville| Company | CBE no. |
|---|---|
AGRI FOREST DESCARTES● Active | 1001.582.408 |
FRIAUMONT - BOIS● Active | 0438.324.192 |
Financials
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 | 01/01/2025 | 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 | 15/07/2026 | 18/07/2025 | 03/07/2024 | 27/07/2023 | 18/07/2022 | 22/07/2021 |
| General meeting | 22/06/2026 | 23/06/2025 | 24/06/2024 | 26/06/2023 | 27/06/2022 | 28/06/2021 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 20 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 22/06/2026 | 15/07/2026 | French | |
| Micro model | 31/12/2024 | 23/06/2025 | 18/07/2025 | French | |
| Micro model | 31/12/2023 | 24/06/2024 | 03/07/2024 | French | |
| Micro model | 31/12/2022 | 26/06/2023 | 27/07/2023 | French | |
| Micro model | 31/12/2021 | 27/06/2022 | 18/07/2022 | French | |
| Micro model | 31/12/2020 | 28/06/2021 | 22/07/2021 | French | |
| Micro model | 31/12/2019 | 30/06/2020 | 11/08/2020 | French | |
| Micro model | 31/12/2018 | 28/06/2019 | 27/07/2019 | French | |
| Micro model | 31/12/2017 | 25/06/2018 | 26/06/2018 | French | |
| Micro model | 31/12/2016 | 30/06/2017 | 29/07/2017 | French | |
| Abridged model | 31/12/2015 | 27/06/2016 | 12/07/2016 | French | |
| Abridged model | 31/12/2014 | 22/06/2015 | 20/07/2015 | French | |
| Abridged model | 31/12/2013 | 30/06/2014 | 30/07/2014 | French | |
| Abridged model | 31/12/2012 | 24/06/2013 | 23/07/2013 | French | |
| Abridged model | 31/12/2011 | 30/06/2012 | 26/07/2012 | French | |
| Abridged model | 31/12/2010 | 27/06/2011 | 05/07/2011 | French | |
| Abridged model | 31/12/2009 | 28/06/2010 | 19/07/2010 | French | |
| Abridged model | 31/12/2008 | 30/06/2009 | 29/07/2009 | French | |
| Abridged model | 31/12/2007 | 07/07/2008 | 31/07/2008 | French | |
| Abridged model | 31/12/2006 | 25/06/2007 | 24/07/2007 | French |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/20253 active · 10 ended
Active mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
André DESCARTES | Managing director | 26/06/2023 → 25/06/2029 | 00 |
Benoît DESCARTES | Director | 26/06/2023 → 25/06/2029 | 000 |
Valérie DESCARTES | Director | 26/06/2023 → 25/06/2029 |
Ended mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
André DESCARTES | Managing director | 28/06/2010 → 27/06/2016 | 00 |
André DESCARTES | Managing director | 28/06/2010 → 28/06/2016 | 00 |
André DESCARTES | Managing director | 28/06/2010 → 28/06/2023 | 00 |
Valérie DESCARTES | Director | 28/06/2010 → 27/06/2016 |
Ownership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates07/07/2023DIVERS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
- Mandates31/08/2017DEMISSIONS, NOMINATIONS
- Registered office01/10/2015SIEGE SOCIAL
- Mandates18/02/2015DEMISSIONS, NOMINATIONS
- Registered office24/02/2012SIEGE SOCIAL - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates17/08/2010DEMISSIONS, NOMINATIONS
- Mandates12/08/2004DEMISSIONS, NOMINATIONS
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-8,1 k €↑
- 2024Annual accounts 2024-33,6 k €↓
- 2023Annual accounts 2023-20,5 k €↑
- 2022Annual accounts 2022-34 k €↓
- 2021Annual accounts 2021-18,3 k €↑
- 2020Annual accounts 2020-28,5 k €↓
- 2019Annual accounts 2019-23,6 k €↑
- 2018Annual accounts 2018-44,2 k €↑
- 2017Annual accounts 2017-47,1 k €↓
- 2016Annual accounts 2016-31,4 k €↓
- 2015Annual accounts 2015859,9 k €↑
- 2014Annual accounts 201462,3 k €↓
- 2013Annual accounts 201392,8 k €↑
- 2012Annual accounts 2012-55,4 k €↓
- 2011Annual accounts 2011-9,9 k €↓
- 2010Annual accounts 201027,2 k €↑
- 2009Annual accounts 2009-30,3 k €↑
- 2008Annual accounts 2008-46,5 k €↓
- 2007Annual accounts 200715 k €↓
- 2006Annual accounts 200646,1 k €
- 28/07/1989IncorporationPublic limited company
Registered offices
Source · NBB annual accounts, CBE| Registered address | Period | Source |
|---|---|---|
| Rue de Roly(SAM) 27, 5600 PhilippevilleCurrent | CBE, tracked since 27/09/2026 | CBE |
| Rue de Roly 27, 5600 Philippeville | accounts 2021 → 2025 | Accounts 2025 · 2026-00298116 |
Annual accounts date a value by the financial year it appears in. The CBE dates a change to the day, but its history has only been kept since 27/09/2026.