ACTIVE

EXPLOITATION RESEARCH ADMINISTRATION

Financial year 2025 · Closed on 31/12/2025

Net result-40,2 k €-547,6 %over 1 year

Gross margin24,8 k €-21,2 %over 1 year

Equity109,6 k €-26,8 %over 1 year

Identity

Source · BCE/KBO

EXPLOITATION RESEARCH ADMINISTRATION is a Private limited company incorporated in 1990. Its main activity is: Management consultancy activities. Its registered office is in Visé.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0441.827.080
Incorporation: 26/09/1990
Legal form: Private limited company
Registered office: Rue de la Vouée Juetta(RIC) 26/C1
4600 Visé · WallonieSee on map
Contributed capital: 18 592,01 €
Latest accounts: 31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 63920Other information service activities 63990Other information service activities n.e.c.

Signals

Solid equityPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	24,8 k €	-21.2%	31,5 k €	+33.7%	23,5 k €	-36.8%	37,3 k €	+16.2%	32 k €
EBITDA	23,2 k €	-22.5%	29,9 k €	+35.6%	22,1 k €	-38.6%	35,9 k €	+16.8%	30,8 k €
Operating result	12,7 k €	-34.7%	19,4 k €	+67.9%	11,6 k €	-54.6%	25,4 k €	+66.7%	15,3 k €
Net result	-40,2 k €	-548%	9 k €	+148%	3,6 k €	-81.1%	19,1 k €	+114%	8,9 k €
Balance sheet
Equity	109,6 k €	-26.8%	149,8 k €	+6.4%	140,8 k €	+2.6%	137,2 k €	+16.2%	118 k €
Total assets	309,6 k €	-22.3%	398,7 k €	-4.0%	415,4 k €	+0.6%	412,9 k €	+0.0%	412,8 k €
Cash	9 k €	-5.2%	9,5 k €	-0.9%	9,6 k €	-41.6%	16,4 k €	+115%	7,6 k €
Debts	197,7 k €	-19.8%	246,4 k €	-9.4%	272,1 k €	-1.1%	275,3 k €	-6.6%	294,7 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Vincent COLLINET	Directorsince 09/12/2014Manager09/12/2014 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean-Claude COLLINET	Director26/09/2005 → 2022 accountsManager26/09/2005 → 2018 accounts
Jean Claude COLLINET	Manager2006 accounts

Full financial information

Source · NBB

	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	10/06/2026	18/07/2025	10/07/2024	21/06/2023	30/05/2022	31/05/2021
General meeting	30/05/2026	31/05/2025	25/05/2024	27/05/2023	28/05/2022	29/05/2021
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 · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/05/2026	10/06/2026	French	PDF
Abridged model	31/12/2024	31/05/2025	18/07/2025	French	PDF
Abridged model	31/12/2023	25/05/2024	10/07/2024	French	PDF
Abridged model	31/12/2022	27/05/2023	21/06/2023	French	PDF
Abridged model	31/12/2021	28/05/2022	30/05/2022	French	PDF
Abridged model	31/12/2020	29/05/2021	31/05/2021	French	PDF
Abridged model	31/12/2019	30/05/2020	31/08/2020	French	PDF
Abridged model	31/12/2018	25/05/2019	30/07/2019	French	PDF
Abridged model	31/12/2017	26/05/2018	28/05/2018	French	PDF
Micro model	31/12/2016	27/05/2017	27/06/2017	French	PDF
Abridged model	31/12/2015	28/05/2016	10/06/2016	French	PDF
Abridged model	31/12/2014	30/05/2015	22/06/2015	French	PDF
Abridged model	31/12/2013	24/05/2014	22/07/2014	French	PDF
Abridged model	31/12/2012	25/05/2013	29/07/2013	French	PDF
Abridged model	31/12/2011	26/05/2012	29/07/2012	French	PDF
Abridged model	31/12/2010	28/05/2011	12/07/2011	French	PDF
Abridged model	31/12/2009	29/05/2010	24/07/2010	French	PDF
Abridged model	31/12/2008	30/05/2009	07/07/2009	French	PDF
Abridged model	31/12/2007	31/05/2008	09/07/2008	French	PDF
Abridged model	31/12/2006	26/05/2007	30/07/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Vincent COLLINET	Directorsince 09/12/2014Manager09/12/2014 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean-Claude COLLINET	Director26/09/2005 → 2022 accountsManager26/09/2005 → 2018 accounts
Jean Claude COLLINET	Manager2006 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office30/10/2025
SIEGE SOCIAL
PDF
Mandates20/12/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates28/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates06/03/2015
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates21/01/2010
Gérante
PDF
Capital / shares20/10/2005
EXPRESSION DU CAPITAL EN EUROS - ADAPTATION DES STATUTS
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Vincent COLLINET

Jean-Claude COLLINET

Marie - Madeleine NIHON

Jean Claude COLLINET

Marie-Madeleine NIHON

1990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

EXPLOITATION RESEARCH ADMINISTRATIONERA: Exploitation Research Administration

Avenue de l'Expansion 13, 4432 Alleur

DirectorManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de la Vouée Juetta(RIC) 26/C1, 4600 ViséCurrent		CBE
Rue de la Vouée Juetta(RIC) 26 bte C1, 4600 Visé	accounts 2025	Accounts 2025 · 2026-00154656
Avenue de l'Expansion 13, 4432 Alleur	accounts 2021 → 2024	Accounts 2024 · 2025-00287962

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
EXPLOITATION RESEARCH ADMINISTRATIONCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00154656
ERA: Exploitation Research Administration	accounts 2021 → 2022	Accounts 2022 · 2023-00149496

Events

2025
Annual accounts 2025-40,2 k €↓
2024
Annual accounts 20249 k €↑
2023
Annual accounts 20233,6 k €↓
2023
Name changeEXPLOITATION RESEARCH ADMINISTRATION
2022
Annual accounts 202219,1 k €↑
2021
Annual accounts 20218,9 k €↑
2020
Annual accounts 2020-9,6 k €↓
2019
Annual accounts 2019-570,6 €↓
2018
Annual accounts 201816,3 k €↑
2017
Annual accounts 2017-7,5 k €↓
2016
Annual accounts 201611,3 k €↑
2015
Annual accounts 20154,3 k €↑
2014
Annual accounts 2014-6,5 k €↑
2013
Annual accounts 2013-113,3 k €↓
2012
Annual accounts 2012-5,2 k €↓
2011
Annual accounts 20111,9 k €↑
2010
Annual accounts 2010556,4 €↓
2009
Annual accounts 20092 k €↓
2008
Annual accounts 20082,6 k €↑
2007
Annual accounts 2007-37,3 k €↓
2006
Annual accounts 2006200,5 k €
26/09/1990
IncorporationPrivate limited company

EXPLOITATION RESEARCH ADMINISTRATION

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events