ACTIVE

ASTERTHE

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Financial year 2025 · closed on 31/12/2025

Net result

32,9 k €

+782.8% YoY

Gross margin

73,4 k €

+90.3% YoY

Equity

-216,5 k €

+13.2% YoY

What does ASTERTHE do?

ASTERTHE is a Public limited company incorporated in 1990. Its main activity is: Management consultancy activities. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.578.048

Incorporation

01/03/1990

Legal form

Public limited company

Registered office

Rue du Conseil 2A
1050 Ixelles · BruxellesSee on map

Contributed capital

218 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitablePositive cashflowPositive EBITDA

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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
Gross margin	73,4 k €	+90.3%	38,6 k €	-1.6%	39,2 k €	+816%	4,3 k €	-93.5%	66,3 k €	-44.4%	119,3 k €	-56.1%	271,5 k €	+16.8%	232,4 k €	+94.9%	119,2 k €	-11.2%	134,2 k €	+16.2%	115,5 k €	-6.4%	123,4 k €	+16.4%	106 k €	+43.1%	74,1 k €	+4.7%	70,8 k €	-73.8%	270,3 k €	+30.4%	207,4 k €	+66.1%	124,9 k €	+14.6%	108,9 k €	-15.6%	129 k €
EBITDA	71,7 k €	+94.2%	36,9 k €	+1.3%	36,5 k €	+1648%	2,1 k €	-96.6%	60,9 k €	-47.8%	116,8 k €	-56.6%	269,3 k €	+23.9%	217,4 k €	+87.6%	115,9 k €	+409%	-37,5 k €	-134%	111,5 k €	-6.5%	119,2 k €	+16.7%	102,2 k €	+51.4%	67,5 k €	+2.4%	66 k €	-75.2%	265,7 k €	+35.7%	195,8 k €	+67.2%	117,1 k €	+9.3%	107,1 k €	-16.2%	127,8 k €
Operating result	38,5 k €	+927%	3,8 k €	-11.7%	4,3 k €	+115%	-28,5 k €	-194%	30,3 k €	-56.1%	69 k €	-68.9%	221,5 k €	+57.1%	141 k €	+87.6%	75,1 k €	+201%	-74,3 k €	-221%	61,5 k €	-11.2%	69,2 k €	+32.6%	52,2 k €	+198%	17,5 k €	+387%	3,6 k €	-98.5%	244 k €	+40.1%	174,2 k €	+71.8%	101,4 k €	+26.8%	79,9 k €	-27.9%	110,9 k €
Net result	32,9 k €	+783%	-4,8 k €	+4.5%	-5 k €	+86.0%	-36 k €	-304%	17,7 k €	-61.4%	45,8 k €	-69.0%	147,8 k €	+78.0%	83 k €	+29.1%	64,3 k €	+407%	-21 k €	+93.9%	-345,7 k €	+0.8%	-348,5 k €	-1419%	26,4 k €	+331%	-11,4 k €	+87.3%	-89,7 k €	-283%	49,1 k €	-66.7%	147,4 k €	-58.4%	354,4 k €	+821%	-49,1 k €	-186%	56,9 k €
Balance sheet
Equity	-216,5 k €	+13.2%	-249,3 k €	-2.0%	-244,5 k €	-2.1%	-239,5 k €	-17.7%	-203,4 k €	+8.0%	-221,1 k €	+17.2%	-266,9 k €	+35.6%	-414,7 k €	+17.8%	-504,3 k €	+11.3%	-568,6 k €	-3.8%	-547,7 k €	-171%	-202 k €	-238%	146,5 k €	+22.0%	120,1 k €	-8.7%	131,5 k €	-40.6%	221,3 k €	+28.5%	172,2 k €	+596%	24,7 k €	-85.5%	170,3 k €	-22.4%	219,5 k €
Total assets	445,5 k €	-6.5%	476,4 k €	-10.2%	530,3 k €	+2.5%	517,3 k €	-5.7%	548,3 k €	-6.0%	583,4 k €	-7.3%	629,4 k €	-42.0%	1,1 M €	+84.7%	587,5 k €	+30.4%	450,5 k €	-50.5%	910,6 k €	-19.0%	1,1 M €	-27.3%	1,5 M €	+3.2%	1,5 M €	+0.3%	1,5 M €	+42.6%	1 M €	-1.7%	1,1 M €	-12.2%	1,2 M €	-1.9%	1,2 M €	+24.1%	996,9 k €
Cash	3,5 €	-53.3%	7,5 €	-98.9%	698,8 €	+99.9%	349,6 €	+1976%	16,8 €	-99.5%	3,6 k €	+108%	1,7 k €	-37.4%	2,8 k €	+59.2%	1,7 k €	+9694%	17,9 €		–		4,2 k €	-93.6%	65,7 k €	-26.8%	89,7 k €	+31.1%	68,4 k €	-88.9%	616 k €	+38.8%	443,8 k €	-27.2%	609,9 k €	+2462%	23,8 k €	-50.4%	48 k €
Debts	652,9 k €	-8.8%	715,8 k €	-6.3%	764,1 k €	+2.5%	745,4 k €	+0.8%	739,5 k €	-6.4%	790,3 k €	-10.5%	882,6 k €	-41.1%	1,5 M €	+37.5%	1,1 M €	+6.9%	1 M €	-24.8%	1,4 M €	+11.5%	1,2 M €	-5.0%	1,3 M €	+2.3%	1,3 M €	+1.9%	1,2 M €	+79.5%	684,1 k €	-8.6%	748,1 k €	-28.1%	1 M €	-2.5%	1,1 M €	+37.7%	774,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 13 ended

Active mandates

Herman REUMERS

Managing director

Active

Ended mandates

Kanvass Furniture SARL

Director · since 30 juin 2016 · until 14 février 2020

Represented by Herman Reumers

Ended

Nios Projects BVBA

Director · since 09 mai 2014 · until 30 juin 2016 · 0470.665.081

Represented by Herman Reumers

Ended

Green Approach

Director · since 14 février 2011 · 0887.162.394

Represented by Herman REUMERS

Ended

Hicran CEKIN

Director · since 01 juin 2010 · until 14 février 2011

Ended

At this address

Other companies at this address

Company	CBE no.
ARBORA● Active	0449.133.655
FRAME-BREAKER● Active	1039.563.252

Annual accounts

Full financial information

	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	11/05/2026	08/08/2025	24/07/2024	09/06/2023	25/05/2022	23/07/2021
General meeting	08/05/2026	07/08/2025	29/06/2024	12/05/2023	13/05/2022	30/06/2021
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
Micro model	31/12/2025	08/05/2026	11/05/2026	Dutch	PDF
Micro model	31/12/2024	07/08/2025	08/08/2025	Dutch	PDF
Micro model	31/12/2023	29/06/2024	24/07/2024	Dutch	PDF
Micro model	31/12/2022	12/05/2023	09/06/2023	Dutch	PDF
Micro model	31/12/2021	13/05/2022	25/05/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	23/07/2021	Dutch	PDF
Micro model	31/12/2019	08/05/2020	01/07/2020	Dutch	PDF
Micro model	31/12/2018	10/05/2019	13/05/2019	Dutch	PDF
Micro model	31/12/2017	11/05/2018	15/05/2018	Dutch	PDF
Micro model	31/12/2016	21/06/2017	28/06/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	02/08/2016	Dutch	PDF
Abridged model	31/12/2014	08/05/2015	21/05/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	10/05/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	11/05/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	13/05/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	14/05/2010	31/05/2010	Dutch	PDF
Abridged model	31/12/2008	08/05/2009	08/06/2009	Dutch	PDF
Abridged model	31/12/2007	09/05/2008	16/06/2008	Dutch	PDF
Abridged model	31/12/2006	11/05/2007	14/05/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 13 ended

Active mandates

Herman REUMERS

Managing director

Active

Ended mandates

Kanvass Furniture SARL

Director · since 30 juin 2016 · until 14 février 2020

Represented by Herman Reumers

Ended

Nios Projects BVBA

Director · since 09 mai 2014 · until 30 juin 2016 · 0470.665.081

Represented by Herman Reumers

Ended

Green Approach

Director · since 14 février 2011 · 0887.162.394

Represented by Herman REUMERS

Ended

Hicran CEKIN

Director · since 01 juin 2010 · until 14 février 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/02/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/07/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates24/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/02/2015
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/09/2014
ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/05/2014
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares16/10/2013
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
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 202532,9 k €↑
2024
Annual accounts 2024-4,8 k €↑
2023
Annual accounts 2023-5 k €↑
2022
Annual accounts 2022-36 k €↓
2021
Annual accounts 202117,7 k €↓
2020
Annual accounts 202045,8 k €↓
2019
Annual accounts 2019147,8 k €↑
2018
Annual accounts 201883 k €↑
2017
Annual accounts 201764,3 k €↑
2016
Annual accounts 2016-21 k €↑
2015
Annual accounts 2015-345,7 k €↑
2014
Annual accounts 2014-348,5 k €↓
2013
Annual accounts 201326,4 k €↑
2012
Annual accounts 2012-11,4 k €↑
2011
Annual accounts 2011-89,7 k €↓
2010
Annual accounts 201049,1 k €↓
2009
Annual accounts 2009147,4 k €↓
2008
Annual accounts 2008354,4 k €↑
2007
Annual accounts 2007-49,1 k €↓
2006
Annual accounts 200656,9 k €
01/03/1990
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

ASTERTHE

Overview

What does ASTERTHE 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