ACTIVE

GESVAL

Export PDF

Financial year 2021 · closed on 31/12/2021

Net result

611,5 k €

+1194.2% YoY

Gross margin

1 M €

+154.1% YoY

Equity

7,6 M €

+17.4% YoY

Workforce

0,8 ETP

-33.3% YoY

What does GESVAL do?

GESVAL is a Public limited company incorporated in 1991. Its main activity is: Market research and public opinion polling. Its registered office is in Liège. It employs on average 0,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.067.177

Incorporation

26/08/1991

Legal form

Public limited company

Registered office

Avenue Pré-Aily 4
4031 Liège · WallonieSee on map

Contributed capital

6 096 676,85 €

Latest accounts

31/12/2021

Average workforce

0,8 ETP

Activities (NACE)

73200Market research and public opinion polling· main 73200Market research and public opinion polling 74131Specialised design activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1 M €	+154%	393,5 k €	-58.9%	958 k €	+885%	-122,1 k €	-115%	800 k €	+469%	-217 k €	+72.4%	-786,4 k €	-1830%	45,4 k €	+106%	-820,9 k €	-599%	164,6 k €	-27.6%	227,1 k €	+679%	29,2 k €	-60.0%	72,9 k €	+88.8%	38,6 k €
EBITDA	822,4 k €	+181%	292,3 k €	-68.2%	918,5 k €	+805%	-130,2 k €	-117%	783,4 k €	+453%	-221,7 k €	-320%	100,9 k €	+1628%	-6,6 k €	+99.6%	-1,7 M €	-1166%	163,1 k €	+49.2%	109,4 k €	+326%	25,7 k €	-64.1%	71,6 k €	+87.5%	38,2 k €
Operating result	317,5 k €	-3.1%	327,6 k €	+193%	112 k €	+133%	-335,8 k €	+1.8%	-341,8 k €	-24.6%	-274,4 k €	-383%	96,9 k €	+344%	-39,6 k €	+97.9%	-1,9 M €	-64370%	-2,9 k €	+93.0%	-41,9 k €	+35.6%	-65,1 k €	-215%	56,8 k €	+427%	10,8 k €
Net result	611,5 k €	+1194%	47,3 k €	-95.7%	1,1 M €	+339%	-463,2 k €	-48.5%	-311,9 k €	-8564%	3,7 k €	-96.8%	116 k €	+157%	-205,2 k €	-140%	513,8 k €	+1411%	34 k €	+166%	-51,5 k €	-91.9%	-26,9 k €	+60.3%	-67,7 k €	-161%	111,6 k €
Balance sheet
Equity	7,6 M €	+17.4%	6,5 M €	+0.7%	6,5 M €	+26.6%	5,1 M €	-8.3%	5,6 M €	-5.3%	5,9 M €	+0.1%	5,9 M €	+2.0%	5,8 M €	+3.5%	5,6 M €	+33.1%	4,2 M €	+3.8%	4 M €	+3.3%	3,9 M €	+2.6%	3,8 M €	+3.9%	3,7 M €
Total assets	14,3 M €	+31.7%	10,8 M €	-0.7%	10,9 M €	+24.8%	8,7 M €	-27.5%	12,1 M €	+0.7%	12 M €	+22.9%	9,7 M €	-7.2%	10,5 M €	-7.5%	11,4 M €	+61.5%	7 M €	-9.0%	7,7 M €	-4.0%	8,1 M €	+16.1%	6,9 M €	+1.5%	6,8 M €
Cash	4,4 M €	+184%	1,5 M €	-7.5%	1,7 M €	-41.3%	2,8 M €	-35.8%	4,4 M €	+1.0%	4,4 M €	+80.9%	2,4 M €	+42.9%	1,7 M €	+79.5%	939,7 k €	+80.5%	520,5 k €	-58.3%	1,2 M €	+9.0%	1,1 M €	-35.4%	1,8 M €	+31.7%	1,3 M €
Debts	6,6 M €	+54.0%	4,3 M €	-2.8%	4,4 M €	+22.6%	3,6 M €	-44.1%	6,5 M €	+10.0%	5,9 M €	+72.7%	3,4 M €	-3.5%	3,5 M €	-24.8%	4,7 M €	+78.5%	2,6 M €	-28.8%	3,7 M €	-9.0%	4,1 M €	+32.1%	3,1 M €	-3.1%	3,2 M €
Other
Workforce	0,8 ETP	-33.3%	1,2 ETP		0,0 ETP	-100%	0,1 ETP		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2021 · 8 active · 49 ended

Active mandates

Didier Mattivi

Director · since 22 octobre 2021 · until 22 octobre 2025

Active

Anne GIRIN

Director · since 10 novembre 2020 · until 30 septembre 2022

Active

ALNATER

Managing director · since 03 juillet 2020 · until 24 juin 2026 · 0671.699.066

Represented by Nathalie BENOIT

Active

Centre hospitalier universitaire de Liège

Director · since 03 juillet 2020 · until 24 juin 2025 · 0232.988.060

Represented by Isabelle DEGAND

Active

Maurice OLIVIER

Director · since 25 juin 2019 · until 24 juin 2025

Active

Eric HAUBRUGE

Director · since 15 décembre 2017 · until 30 septembre 2022

Active

Fabrice BUREAU

Director · since 15 décembre 2017 · until 30 septembre 2022

Active

Pierre WOLPER

Director · since 15 décembre 2017 · until 30 septembre 2022

Active

Ended mandates

Julien COMPERE

Director · since 25 juin 2019 · until 24 juin 2025

Ended

Marc FOIDART

Director · since 25 juin 2019 · until 24 juin 2025

Ended

Michel MORANT

Director · since 25 juin 2019 · until 24 juin 2025

Ended

Rudi CLOOTS

Director · since 15 décembre 2017 · until 10 novembre 2020

Ended

At this address

Other companies at this address

Company	CBE no.
EXTRACELL BIOTECHNOLOGIES● Active	0804.532.945
SCIENCE PARK SERVICES● Active	0474.976.237
VENTURE COACHING● Active	0480.168.905

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	11/07/2025	02/07/2024	05/06/2024	15/07/2022	01/09/2021	01/09/2020
General meeting	30/06/2025	28/06/2024	10/07/2023	08/07/2022	30/06/2021	03/07/2020
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	30/06/2025	11/07/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	02/07/2024	French	PDF
Abridged modelCorrection	31/12/2022	10/07/2023	05/06/2024	French	PDF
Abridged model	31/12/2022	10/07/2023	28/09/2023	French	PDF
Abridged model	31/12/2021	08/07/2022	15/07/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	01/09/2021	French	PDF
Abridged model	31/12/2019	03/07/2020	01/09/2020	French	PDF
Abridged model	31/12/2018	25/06/2019	11/07/2019	French	PDF
Abridged modelCorrection	31/12/2017	03/07/2018	20/03/2019	French	PDF
Abridged model	31/12/2017	03/07/2018	07/09/2018	French	PDF
Abridged model	31/12/2016	27/06/2017	19/07/2017	French	PDF
Abridged model	31/12/2015	28/06/2016	13/07/2016	French	PDF
Abridged model	31/12/2014	07/07/2015	22/09/2015	French	PDF
Abridged model	31/12/2013	24/06/2014	05/09/2014	French	PDF
Abridged model	31/12/2012	25/06/2013	28/08/2013	French	PDF
Abridged model	31/12/2011	29/08/2012	24/09/2012	French	PDF
Abridged model	31/12/2010	28/06/2011	06/07/2011	French	PDF
Abridged model	31/12/2009	29/06/2010	13/07/2010	French	PDF
Abridged model	31/12/2008	29/06/2009	07/07/2009	French	PDF
Abridged model	31/12/2007	24/06/2008	02/09/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	04/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2021 · 8 active · 49 ended

Active mandates

Didier Mattivi

Director · since 22 octobre 2021 · until 22 octobre 2025

Active

Anne GIRIN

Director · since 10 novembre 2020 · until 30 septembre 2022

Active

ALNATER

Managing director · since 03 juillet 2020 · until 24 juin 2026 · 0671.699.066

Represented by Nathalie BENOIT

Active

Centre hospitalier universitaire de Liège

Director · since 03 juillet 2020 · until 24 juin 2025 · 0232.988.060

Represented by Isabelle DEGAND

Active

Maurice OLIVIER

Director · since 25 juin 2019 · until 24 juin 2025

Active

Eric HAUBRUGE

Director · since 15 décembre 2017 · until 30 septembre 2022

Active

Fabrice BUREAU

Director · since 15 décembre 2017 · until 30 septembre 2022

Active

Pierre WOLPER

Director · since 15 décembre 2017 · until 30 septembre 2022

Active

Ended mandates

Julien COMPERE

Director · since 25 juin 2019 · until 24 juin 2025

Ended

Marc FOIDART

Director · since 25 juin 2019 · until 24 juin 2025

Ended

Michel MORANT

Director · since 25 juin 2019 · until 24 juin 2025

Ended

Rudi CLOOTS

Director · since 15 décembre 2017 · until 10 novembre 2020

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates25/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates07/08/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates08/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates20/02/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates18/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates26/11/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates14/09/2021
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

2021
Annual accounts 2021611,5 k €↑
2018
Annual accounts 201847,3 k €↓
2017
Annual accounts 20171,1 M €↑
2016
Annual accounts 2016-463,2 k €↓
2015
Annual accounts 2015-311,9 k €↓
2014
Annual accounts 20143,7 k €↓
2013
Annual accounts 2013116 k €↑
2012
Annual accounts 2012-205,2 k €↓
2011
Annual accounts 2011513,8 k €↑
2011
Name changeGESVAL
2010
Annual accounts 201034 k €↑
2009
Annual accounts 2009-51,5 k €↓
2008
Annual accounts 2008-26,9 k €↑
2007
Annual accounts 2007-67,7 k €↓
2006
Annual accounts 2006111,6 k €
2006
Name changeSOCIETE DE GESTION DE PROJETS ET DE VALORISATION
26/08/1991
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

GESVAL

Overview

What does GESVAL do?

Trend over 14 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