ACTIVE

Economic Research

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Financial year 2024 · closed on 31/12/2024

Net result

40 k €

+337.8% YoY

Gross margin

40,3 k €

+196.6% YoY

Equity

397,4 €

-97.2% YoY

What does Economic Research do?

Economic Research is a Private limited company incorporated in 1990. Its main activity is: Wholesale of other household goods. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.755.618

Incorporation

13/08/1990

Legal form

Private limited company

Registered office

Rue de la Poudrière 40
1000 Bruxelles · BruxellesSee on map

Contributed capital

251 927,54 €

Latest accounts

31/12/2024

Activities (NACE)

46494Wholesale of other household goods· main 46494Wholesale of other household goods 51441Air transport

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	40,3 k €	+197%	13,6 k €	-59.0%	33,2 k €	+23.4%	26,9 k €	+10.2%	24,4 k €	+2.1%	23,9 k €	+1.7%	23,5 k €	+241%	-16,7 k €	-469%	-2,9 k €	-158%	5,1 k €	+64.5%	3,1 k €	-72.5%	11,2 k €	+19.4%	9,4 k €	+45.2%	6,5 k €	-27.4%	8,9 k €	+25.3%	7,1 k €	+130%	3,1 k €	+672%	-539,7 €	-107%	8,2 k €
EBITDA	39,9 k €	+202%	13,2 k €	-59.8%	32,8 k €	+31.3%	25 k €	+4.0%	24 k €	+2.1%	23,5 k €	+4.1%	22,6 k €	+229%	-17,5 k €	-351%	-3,9 k €	-192%	4,2 k €	+88.5%	2,2 k €	-77.5%	10 k €	+16.6%	8,6 k €	+55.3%	5,5 k €	-31.2%	8 k €	+28.9%	6,2 k €	+187%	2,2 k €	+254%	-1,4 k €	-118%	7,6 k €
Operating result	39,4 k €	+211%	12,7 k €	-60.8%	32,3 k €	+29.2%	25 k €	+4.0%	24 k €	+2.1%	23,5 k €	+4.1%	22,6 k €	+229%	-17,5 k €	-293%	-4,5 k €	-63.0%	-2,7 k €	+43.7%	-4,9 k €	-241%	3,4 k €	+80.1%	1,9 k €	-64.6%	5,4 k €	-30.7%	7,8 k €	+31.8%	5,9 k €	+230%	-4,5 k €	+43.3%	-8 k €	-907%	991 €
Net result	40 k €	+338%	9,1 k €	-73.9%	35 k €	+36.1%	25,7 k €	+7.9%	23,8 k €	+1.7%	23,4 k €	+6.1%	22,1 k €	+224%	-17,9 k €	-287%	-4,6 k €	-51.3%	-3,1 k €	+39.6%	-5,1 k €	-380%	1,8 k €	+192%	618,4 €	-85.2%	4,2 k €	-36.3%	6,6 k €	+42.3%	4,6 k €	+179%	-5,8 k €	+37.3%	-9,3 k €	-2651%	-338 €
Balance sheet
Equity	397,4 €	-97.2%	14,4 k €	+174%	5,3 k €	-91.3%	60,2 k €	+74.6%	34,5 k €	+224%	10,7 k €	+183%	-12,8 k €	+63.4%	-34,9 k €	-105%	-17 k €	-37.4%	-12,4 k €	-32.8%	-9,3 k €	-119%	-4,3 k €	+29.8%	-6,1 k €	+9.3%	-6,7 k €	+38.5%	-10,9 k €	+37.7%	-17,4 k €	+20.9%	-22 k €	-35.9%	-16,2 k €	-135%	-6,9 k €
Total assets	98,7 k €	+226%	30,3 k €	-68.5%	96,3 k €	+40.4%	68,5 k €	+75.2%	39,1 k €	-15.2%	46,2 k €	+38.2%	33,4 k €	+143%	13,8 k €	-62.6%	36,8 k €	-1.7%	37,4 k €	-14.4%	43,7 k €	+11.5%	39,2 k €	+1.1%	38,8 k €	+7.6%	36,1 k €	+66.0%	21,7 k €	-1.9%	22,1 k €	-37.6%	35,5 k €	-11.3%	40 k €	-7.7%	43,3 k €
Cash	3,9 k €	+116%	1,8 k €	+205%	598,7 €	-78.4%	2,8 k €	-47.0%	5,2 k €	-27.3%	7,2 k €	+27.1%	5,7 k €	+10.7%	5,1 k €	-72.9%	18,9 k €	+45.2%	13 k €	-50.5%	26,3 k €	+39.0%	18,9 k €	+66.1%	11,4 k €	-34.4%	17,4 k €	+41.4%	12,3 k €	+81.9%	6,8 k €	+44.8%	4,7 k €	-47.6%	8,9 k €	-6.7%	9,5 k €
Debts	98,3 k €	+518%	15,9 k €	-82.5%	91 k €	+995%	8,3 k €	+79.7%	4,6 k €	-87.0%	35,5 k €	-23.1%	46,2 k €	-5.0%	48,6 k €	-9.5%	53,8 k €	+8.0%	49,8 k €	-6.1%	53 k €	+22.0%	43,5 k €	-3.1%	44,9 k €	+5.0%	42,7 k €	+31.2%	32,6 k €	-17.6%	39,6 k €	-16.7%	47,5 k €	+2.8%	46,2 k €	-8.0%	50,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 17 ended

Active mandates

Eric SAUTE

Managing director

Active

Laila MELLAOUI

Managing director

Active

Ended mandates

Laila Mellaoui

Managing director · since 01 janvier 2018 · until 30 juin 2025

Ended

Laila MELLAOUI

Managing director · since 01 janvier 2018 · until 30 juin 2024

Ended

CHRISTINE SERNEELS

Director · since 30 juin 2017 · until 02 janvier 2018

Ended

Eric SAUTE

Managing director · since 30 juin 2016 · until 30 juin 2022

Ended

At this address

Other companies at this address

Company	CBE no.
"Association des copropriétaires de l'immeuble sis à 1000 Bruxelles, rue de la Poudrière 40" à Bruxelles, rue de la Poudrière 40● Active	0820.422.634
LM CONSULTING● Active	0883.901.315
MWSOUL● Active	0662.674.306

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/07/2025	14/06/2024	28/07/2023	27/06/2022	06/07/2021	30/07/2020
General meeting	30/06/2025	12/06/2024	30/06/2023	10/06/2022	17/06/2021	30/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	30/06/2025	24/07/2025	French	PDF
Micro model	31/12/2023	12/06/2024	14/06/2024	French	PDF
Micro model	31/12/2022	30/06/2023	28/07/2023	French	PDF
Micro model	31/12/2021	10/06/2022	27/06/2022	French	PDF
Micro model	31/12/2020	17/06/2021	06/07/2021	French	PDF
Micro model	31/12/2019	30/06/2020	30/07/2020	French	PDF
Micro model	31/12/2018	28/06/2019	26/07/2019	French	PDF
Micro model	31/12/2017	07/05/2018	06/06/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	28/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	25/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	05/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	28/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	18/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2024 · 2 active · 17 ended

Active mandates

Eric SAUTE

Managing director

Active

Laila MELLAOUI

Managing director

Active

Ended mandates

Laila Mellaoui

Managing director · since 01 janvier 2018 · until 30 juin 2025

Ended

Laila MELLAOUI

Managing director · since 01 janvier 2018 · until 30 juin 2024

Ended

CHRISTINE SERNEELS

Director · since 30 juin 2017 · until 02 janvier 2018

Ended

Eric SAUTE

Managing director · since 30 juin 2016 · until 30 juin 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office02/09/2025
SIEGE SOCIAL
PDF
Mandates16/09/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates02/05/2018
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/09/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/02/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/02/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/03/2009
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

2024
Annual accounts 202440 k €↑
2023
Annual accounts 20239,1 k €↓
2022
Annual accounts 202235 k €↑
2021
Annual accounts 202125,7 k €↑
2020
Annual accounts 202023,8 k €↑
2019
Annual accounts 201923,4 k €↑
2018
Annual accounts 201822,1 k €↑
2017
Annual accounts 2017-17,9 k €↓
2016
Annual accounts 2016-4,6 k €↓
2015
Annual accounts 2015-3,1 k €↑
2014
Annual accounts 2014-5,1 k €↓
2013
Annual accounts 20131,8 k €↑
2012
Annual accounts 2012618,4 €↓
2011
Annual accounts 20114,2 k €↓
2010
Annual accounts 20106,6 k €↑
2009
Annual accounts 20094,6 k €↑
2008
Annual accounts 2008-5,8 k €↑
2007
Annual accounts 2007-9,3 k €↓
2006
Annual accounts 2006-338 €
13/08/1990
IncorporationPrivate 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

Economic Research

Overview

What does Economic Research 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