ACTIVE

CGHVB

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Financial year 2025 · closed on 31/12/2025

Net result

6,3 k €

-1.3% YoY

Gross margin

-148,2 €

+58.9% YoY

Equity

3,2 M €

+0.2% YoY

Workforce

0,0 ETP

What does CGHVB do?

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

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.501.924

Incorporation

08/11/1990

Legal form

Public limited company

Registered office

Chaussée de Mons 39
1070 Anderlecht · BruxellesSee on map

Contributed capital

4 609 224,81 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 64200Activities of holding companies 64210Activities of holding companies 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

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Health score

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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	-148,2 €	+58.9%	-360,4 €	+81.7%	-2,0 k €	-514%	-320,2 €	-171%	-118,0 €	-103%	4,0 k €	+2261%	170,3 €	+102%	-6,9 k €	+15.2%	-8,1 k €	-31.0%	-6,2 k €	-233%	4,6 k €	-0.7%	4,7 k €	+0.3%	4,7 k €	+474%	-1,2 k €	-113%	9,3 k €	-66.8%	28,0 k €	+7.6%	26,1 k €	-45.1%	47,5 k €
EBITDA	-1,1 k €	+13.6%	-1,3 k €	+54.6%	-2,9 k €	-146%	-1,2 k €	-20.5%	-986,0 €	-131%	3,2 k €	+552%	-697,7 €	+91.0%	-7,7 k €	+14.6%	-9,1 k €	-36.8%	-6,6 k €	-258%	4,2 k €	-0.8%	4,2 k €	+0.4%	4,2 k €	+351%	-1,7 k €	-119%	8,9 k €	-67.9%	27,6 k €	+12.1%	24,6 k €	-47.1%	46,6 k €
Operating result	-1,1 k €	+13.6%	-1,3 k €	+54.6%	-2,9 k €	-146%	-1,2 k €	-20.5%	-986,0 €	-131%	3,2 k €	+552%	-697,7 €	+91.0%	-7,7 k €	+14.6%	-9,1 k €	+19.8%	-11,3 k €	-369%	4,2 k €	-0.8%	4,2 k €	+0.4%	4,2 k €	+253%	-2,8 k €	-136%	7,6 k €	-70.9%	26,2 k €	+17.3%	22,3 k €	-49.4%	44,1 k €
Net result	6,3 k €	-1.3%	6,4 k €	+25.2%	5,1 k €	-19.9%	6,4 k €	+17.7%	5,4 k €	-70.1%	18,1 k €	+29.7%	13,9 k €	+100%	-3,6 M €	-13319%	-27,1 k €	-38.4%	-19,6 k €	-101%	2,1 M €	+31309%	6,6 k €	-16.7%	7,9 k €	+1492%	495,0 €	-93.8%	8,0 k €	-60.8%	20,5 k €	+29.5%	15,8 k €	-42.9%	27,7 k €
Balance sheet
Equity	3,2 M €	+0.2%	3,2 M €	+0.2%	3,2 M €	+0.2%	3,2 M €	+0.2%	3,2 M €	+0.7%	3,1 M €	+0.6%	3,1 M €	+0.4%	3,1 M €	-54.0%	6,7 M €	-0.4%	6,8 M €	+188%	2,4 M €	+710%	290,3 k €	+2.3%	283,7 k €	+2.9%	275,8 k €	+0.2%	275,3 k €	+3.0%	267,3 k €	+8.3%	246,8 k €	+6.8%	231,0 k €
Total assets	5,1 M €	+1.7%	5,0 M €	+1.7%	4,9 M €	+0.1%	4,9 M €	+1.7%	4,8 M €	+3.7%	4,6 M €	-41.3%	7,9 M €	+1.7%	7,8 M €	-31.4%	11,3 M €	+0.8%	11,2 M €	+377%	2,4 M €	+710%	290,4 k €	+2.3%	283,9 k €	+2.9%	275,8 k €	-1.5%	280,0 k €	+3.3%	271,0 k €	+9.7%	247,0 k €	-1.0%	249,6 k €
Cash	5,0 k €	+2505%	192,5 €	-96.1%	4,9 k €	+1616%	285,9 €	-91.7%	3,4 k €	-84.9%	22,8 k €	+16.4%	19,6 k €	-12.7%	22,4 k €	+214%	7,1 k €	-30.7%	10,3 k €	+1179%	805,0 €	-97.3%	30,1 k €	+27.7%	23,6 k €	+125%	10,5 k €	-4.3%	10,9 k €	+158%	4,2 k €	-83.8%	26,1 k €	-2.3%	26,8 k €
Debts	1,5 M €	+0.2%	1,5 M €	-0.1%	1,5 M €	-0.0%	1,5 M €	+0.0%	1,5 M €	+0.0%	1,5 M €	-66.6%	4,5 M €	-0.0%	4,5 M €	-0.3%	4,5 M €	+0.9%	4,5 M €	+823518%	542,0 €	+1449%	35,0 €	-35.2%	54,0 €		–		4,7 k €	+27.6%	3,7 k €	+2919%	122,0 €	-99.3%	18,6 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 26 ended

Active mandates

Axelle Vanbelle

Director · since 28 juin 2024 · until 30 juin 2028

Active

André Hermans

Director · since 24 juin 2022 · until 30 juin 2028

Active

Pierre-Paul Eloi

Director · since 24 juin 2022 · until 30 juin 2028

Active

Ended mandates

André Hermans

Managing director · since 24 juin 2022 · until 02 juin 2028

Ended

Isabelle Hermans

Director · since 24 juin 2022 · until 02 juin 2028

Ended

Isabelle Hermans

Director · since 24 juin 2022 · until 30 juin 2028

Ended

Pierre-Paul Eloi

Director · since 24 juin 2022 · until 02 juin 2028

Ended

At this address

Other companies at this address

Company	CBE no.
HOTEL VAN BELLE● Active	0448.410.115
Hôtel Van Belle● Liquidation	0413.570.683
L'Avenir du Faubourg de la Porte d'Anderlecht - Toekomst Regio Anderlechtse Poort● Active	0446.510.893
PIMAKIGE● Active	0442.504.892
VAN BELLE HOTEL● Liquidation	0437.467.723

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	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	30/12/2022	30/12/2021	30/12/2020
Length of the financial year	12 months	12 months	13 months	13 months	13 months	13 months
Filing date	20/07/2026	22/08/2025	30/07/2024	24/07/2023	29/07/2022	28/06/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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	26/06/2026	20/07/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	22/08/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	30/07/2024	French	PDF
Abridged model	30/12/2022	30/06/2023	24/07/2023	French	PDF
Abridged model	30/12/2021	24/06/2022	29/07/2022	French	PDF
Abridged model	30/12/2020	25/06/2021	28/06/2021	French	PDF
Abridged model	30/12/2019	22/06/2020	07/07/2020	French	PDF
Micro model	30/12/2018	07/06/2019	28/06/2019	French	PDF
Micro model	30/12/2017	29/06/2018	17/07/2018	French	PDF
Abridged model	30/12/2016	30/06/2017	25/07/2017	French	PDF
Abridged model	30/12/2015	24/06/2016	30/06/2016	French	PDF
Abridged model	30/12/2014	17/06/2015	26/06/2015	French	PDF
Abridged model	30/12/2013	14/07/2014	16/07/2014	French	PDF
Abridged model	30/12/2012	07/06/2013	01/07/2013	French	PDF
Abridged model	30/12/2011	01/06/2012	06/06/2012	French	PDF
Abridged model	30/12/2010	03/06/2011	30/06/2011	French	PDF
Abridged model	30/12/2009	04/06/2010	14/06/2010	French	PDF
Abridged model	30/12/2008	05/06/2009	24/06/2009	French	PDF
Abridged model	30/12/2007	06/06/2008	02/07/2008	French	PDF
Abridged model	30/12/2006	01/06/2007	20/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 26 ended

Active mandates

Axelle Vanbelle

Director · since 28 juin 2024 · until 30 juin 2028

Active

André Hermans

Director · since 24 juin 2022 · until 30 juin 2028

Active

Pierre-Paul Eloi

Director · since 24 juin 2022 · until 30 juin 2028

Active

Ended mandates

André Hermans

Managing director · since 24 juin 2022 · until 02 juin 2028

Ended

Isabelle Hermans

Director · since 24 juin 2022 · until 02 juin 2028

Ended

Isabelle Hermans

Director · since 24 juin 2022 · until 30 juin 2028

Ended

Pierre-Paul Eloi

Director · since 24 juin 2022 · until 02 juin 2028

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/08/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates04/01/2024
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates12/09/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates03/08/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates09/04/2014
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates16/10/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates17/09/2008
DEMISSIONS, NOMINATIONS
PDF
Mandates05/12/2005
DEMISSIONS, NOMINATIONS
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 20256,3 k €↓
2024
Annual accounts 20246,4 k €↑
2023
Annual accounts 20235,1 k €↓
2022
Annual accounts 20226,4 k €↑
2021
Annual accounts 20215,4 k €↓
2018
Annual accounts 201818,1 k €↑
2017
Annual accounts 201713,9 k €↑
2016
Annual accounts 2016-3,6 M €↓
2015
Annual accounts 2015-27,1 k €↓
2014
Annual accounts 2014-19,6 k €↓
2013
Annual accounts 20132,1 M €↑
2012
Annual accounts 20126,6 k €↓
2011
Annual accounts 20117,9 k €↑
2010
Annual accounts 2010495,0 €↓
2009
Annual accounts 20098,0 k €↓
2008
Annual accounts 200820,5 k €↑
2007
Annual accounts 200715,8 k €↓
2006
Annual accounts 200627,7 k €
08/11/1990
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

CGHVB

Overview

What does CGHVB do?

Trend over 18 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