ACTIVE

ANTARES

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Financial year 2025 · closed on 31/12/2025

Net result

43,6 k €

-6.2% YoY

Gross margin

96,8 k €

-5.4% YoY

Equity

331,9 k €

-12.9% YoY

What does ANTARES do?

ANTARES is a Private limited company incorporated in 1991. Its main activity is: Management consultancy activities. Its registered office is in Saint-Gilles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.782.621

Incorporation

15/04/1991

Legal form

Private limited company

Registered office

Rue de l'Aqueduc 25
1060 Saint-Gilles · BruxellesSee on map

Contributed capital

31 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 71209Technical testing and analysis 71209Technical testing and analysis 73200Market research and public opinion polling 73200Market research and public opinion polling+1

Signals

ProfitableSolid equityLow riskGood liquidityPositive 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	96,8 k €	-5.4%	102,4 k €	+25.7%	81,4 k €	-8.6%	89,1 k €	-56.0%	202,6 k €	+146%	82,4 k €	+18.3%	69,7 k €	+24.7%	55,9 k €	+8.9%	51,3 k €	-3.8%	53,4 k €	+24.9%	42,7 k €	+6.3%	40,2 k €	-3.1%	41,5 k €	-9.0%	45,6 k €	+7.1%	42,6 k €	-4.7%	44,7 k €	+2.8%	43,4 k €	+12.6%	38,6 k €	-4.9%	40,5 k €	+19.9%	33,8 k €
EBITDA	94,9 k €	-5.7%	100,6 k €	+25.7%	80 k €	-8.8%	87,7 k €	-56.2%	200,4 k €	+151%	79,9 k €	+19.4%	66,9 k €	+24.8%	53,6 k €	+11.9%	47,9 k €	-5.5%	50,7 k €	+25.2%	40,5 k €	-8.8%	44,4 k €	+7.8%	41,2 k €	-5.4%	43,5 k €	+12.3%	38,8 k €	-4.1%	40,5 k €	+3.1%	39,2 k €	+20.0%	32,7 k €	-14.6%	38,3 k €	+21.6%	31,5 k €
Operating result	66,2 k €	-7.2%	71,4 k €	+41.8%	50,3 k €	-28.0%	69,9 k €	-64.0%	194,2 k €	+180%	69,5 k €	+22.3%	56,8 k €	+37.3%	41,3 k €	+18.4%	34,9 k €	-7.1%	37,6 k €	+41.9%	26,5 k €	-15.5%	31,3 k €	+8.6%	28,8 k €	-2.7%	29,6 k €	+10.9%	26,7 k €	-8.1%	29,1 k €	+54.0%	18,9 k €	+45.0%	13 k €	-33.9%	19,7 k €	+69.9%	11,6 k €
Net result	43,6 k €	-6.2%	46,5 k €	+45.6%	31,9 k €	-30.8%	46,1 k €	-64.8%	130,9 k €	+181%	46,6 k €	+36.5%	34,1 k €	+33.4%	25,6 k €	+26.7%	20,2 k €	-6.9%	21,7 k €	+70.7%	12,7 k €	-14.8%	14,9 k €	+16.1%	12,8 k €	-0.4%	12,9 k €	+42.8%	9 k €	-42.1%	15,6 k €	+225%	4,8 k €	+26259%	18,2 €	-99.7%	6,6 k €	+209%	-6 k €
Balance sheet
Equity	331,9 k €	-12.9%	381 k €	+3.4%	368,6 k €	+1.5%	363,2 k €	+14.5%	317,1 k €	+70.3%	186,1 k €	+33.4%	139,6 k €	+32.3%	105,5 k €	+14.8%	91,9 k €	+9.8%	83,7 k €	+13.1%	74 k €	+11.6%	66,3 k €	+17.6%	56,4 k €	+18.6%	47,6 k €	+12.8%	42,2 k €	+5.8%	39,9 k €	+16.4%	34,3 k €	-0.6%	34,5 k €	+0.1%	34,4 k €	+4.8%	32,9 k €
Total assets	433,1 k €	+2.0%	424,8 k €	+4.8%	405,2 k €	+9.8%	369,1 k €	+9.4%	337,4 k €	+57.9%	213,6 k €	+11.6%	191,3 k €	-0.1%	191,4 k €	+0.4%	190,7 k €	-4.4%	199,4 k €	-1.6%	202,6 k €	-7.4%	218,7 k €	-4.6%	229,3 k €	-6.6%	245,6 k €	-7.1%	264,4 k €	-5.2%	279,1 k €	-3.6%	289,4 k €	-8.0%	314,5 k €	-4.5%	329,3 k €	-9.5%	363,7 k €
Cash	180,6 k €	+5.3%	171,5 k €	+21.7%	140,9 k €	+43.8%	98 k €	-52.0%	204,2 k €	+204%	67,2 k €	+268%	18,3 k €	-37.1%	29 k €	-0.3%	29,1 k €	+19.1%	24,5 k €	+569%	3,7 k €	-87.9%	30,3 k €	-16.4%	36,2 k €	+255%	10,2 k €	-57.7%	24,2 k €	-23.6%	31,6 k €	-24.2%	41,7 k €	+23.2%	33,9 k €	-11.9%	38,4 k €	+97.9%	19,4 k €
Debts	101,3 k €	+131%	43,8 k €	+19.6%	36,6 k €	+525%	5,9 k €	-71.1%	20,3 k €	-26.1%	27,5 k €	-46.9%	51,7 k €	-39.8%	86 k €	-13.0%	98,8 k €	-14.6%	115,6 k €	-10.0%	128,5 k €	-15.7%	152,4 k €	-8.2%	166 k €	-12.3%	189,2 k €	-11.4%	213,4 k €	-8.1%	232,1 k €	-7.1%	249,9 k €	-9.6%	276,4 k €	-6.3%	294,8 k €	-10.9%	330,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Pierrer DONNER

Director

Active

Ended mandates

Pierre DONNER

Director · since 29 mars 2002

Ended

Pierre DONNER

Manager · since 29 mars 2002

Ended

Pierre DONNER

Director

Ended

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	27/07/2026	22/05/2025	17/06/2024	15/05/2023	09/05/2022	04/05/2021
General meeting	30/06/2026	12/05/2025	31/05/2024	10/05/2023	05/05/2022	27/04/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	27/07/2026	French	PDF
Micro model	31/12/2024	12/05/2025	22/05/2025	French	PDF
Micro model	31/12/2023	31/05/2024	17/06/2024	French	PDF
Micro model	31/12/2022	10/05/2023	15/05/2023	French	PDF
Micro model	31/12/2021	05/05/2022	09/05/2022	French	PDF
Micro model	31/12/2020	27/04/2021	04/05/2021	French	PDF
Micro model	31/12/2019	30/06/2020	31/07/2020	French	PDF
Micro model	31/12/2018	10/06/2019	11/06/2019	French	PDF
Micro modelCorrection	31/12/2017	25/04/2018	12/07/2018	French	PDF
Micro model	31/12/2017	25/04/2018	03/05/2018	French	PDF
Micro model	31/12/2016	27/03/2017	21/04/2017	French	PDF
Abridged model	31/12/2015	13/06/2016	13/07/2016	French	PDF
Abridged model	31/12/2014	08/06/2015	15/06/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	28/07/2014	French	PDF
Abridged model	31/12/2012	10/06/2013	11/07/2013	French	PDF
Abridged model	31/12/2011	11/06/2012	28/06/2012	French	PDF
Abridged model	31/12/2010	14/06/2011	08/07/2011	French	PDF
Abridged model	31/12/2009	14/06/2010	07/07/2010	French	PDF
Abridged model	31/12/2008	08/06/2009	10/06/2009	French	PDF
Abridged model	31/12/2007	09/06/2008	09/06/2008	French	PDF
Abridged model	31/12/2006	19/06/2007	28/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 active · 3 ended

Active mandates

Pierrer DONNER

Director

Active

Ended mandates

Pierre DONNER

Director · since 29 mars 2002

Ended

Pierre DONNER

Manager · since 29 mars 2002

Ended

Pierre DONNER

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - 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 202543,6 k €↓
2024
Annual accounts 202446,5 k €↑
2023
Annual accounts 202331,9 k €↓
2022
Annual accounts 202246,1 k €↓
2021
Annual accounts 2021130,9 k €↑
2020
Annual accounts 202046,6 k €↑
2019
Annual accounts 201934,1 k €↑
2018
Annual accounts 201825,6 k €↑
2017
Annual accounts 201720,2 k €↓
2016
Annual accounts 201621,7 k €↑
2015
Annual accounts 201512,7 k €↓
2014
Annual accounts 201414,9 k €↑
2013
Annual accounts 201312,8 k €↓
2012
Annual accounts 201212,9 k €↑
2011
Annual accounts 20119 k €↓
2010
Annual accounts 201015,6 k €↑
2009
Annual accounts 20094,8 k €↑
2008
Annual accounts 200818,2 €↓
2007
Annual accounts 20076,6 k €↑
2006
Annual accounts 2006-6 k €
15/04/1991
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

ANTARES

Overview

What does ANTARES do?

Trend over 20 financial years

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