ACTIVE

GESVAL

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Financial year 2021 · Closed on 31/12/2021

Net result611,5 k €+1 194,2 %over 1 year

Gross margin1 M €+154,1 %over 1 year

Equity7,6 M €+17,4 %over 1 year

Workforce0,8 ETP-33,3 %over 1 year

Identity

Source · BCE/KBO

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

Financials

Source · NBB, 21 filings

Trend over 14 financial years

	2021		2018		2017		2016		2015
Income statement
Gross margin	1 M €	+154%	393,5 k €	-58.9%	958 k €	+885%	-122,1 k €	-115%	800 k €
EBITDA	822,4 k €	+181%	292,3 k €	-68.2%	918,5 k €	+805%	-130,2 k €	-117%	783,4 k €
Operating result	317,5 k €	-3.1%	327,6 k €	+193%	112 k €	+133%	-335,8 k €	+1.8%	-341,8 k €
Net result	611,5 k €	+1194%	47,3 k €	-95.7%	1,1 M €	+339%	-463,2 k €	-48.5%	-311,9 k €
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 €
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 €
Cash	4,4 M €	+184%	1,5 M €	-7.5%	1,7 M €	-41.3%	2,8 M €	-35.8%	4,4 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 €
Other
Workforce	0,8 ETP	-33.3%	1,2 ETP		0,0 ETP	-100%	0,1 ETP		–

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2021

8 active · 13 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Didier Mattivi	Director22/10/2021 → 22/10/2025
Anne GIRIN	Director10/11/2020 → 30/09/2022
ALNATER0671.699.066Represented by Nathalie BENOIT	Managing director08/03/2017 → 24/06/2026
Centre hospitalier universitaire de Liège0232.988.060Represented by Isabelle DEGAND	Director03/07/2020 → 24/06/2025
Maurice OLIVIER	Director29/06/2010 → 24/06/2025
Eric HAUBRUGE	Director28/09/2011 → 30/09/2022
Fabrice BUREAU	Director15/12/2017 → 30/09/2022
Pierre WOLPER	Director15/12/2017 → 30/09/2022

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Julien COMPERE	Director25/06/2019 → 2019 accounts
Marc FOIDART	Director25/06/2019 → 2020 accounts
Michel MORANT	Director25/06/2019 → 2020 accounts
Rudi CLOOTS	Director15/12/2017 → 10/11/2020

Other companies at this address

Avenue Pré-Aily 4 4031 Liège

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

Full financial information

Source · NBB

	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

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

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.

Board of directors

Source · NBB, accounts to 31/12/2021

8 active · 13 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Didier Mattivi	Director22/10/2021 → 22/10/2025
Anne GIRIN	Director10/11/2020 → 30/09/2022
ALNATER0671.699.066Represented by Nathalie BENOIT	Managing director08/03/2017 → 24/06/2026
Centre hospitalier universitaire de Liège0232.988.060Represented by Isabelle DEGAND	Director03/07/2020 → 24/06/2025
Maurice OLIVIER	Director29/06/2010 → 24/06/2025
Eric HAUBRUGE	Director28/09/2011 → 30/09/2022
Fabrice BUREAU	Director15/12/2017 → 30/09/2022
Pierre WOLPER	Director15/12/2017 → 30/09/2022

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Julien COMPERE	Director25/06/2019 → 2019 accounts
Marc FOIDART	Director25/06/2019 → 2020 accounts
Michel MORANT	Director25/06/2019 → 2020 accounts
Rudi CLOOTS	Director15/12/2017 → 10/11/2020

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates07/10/2026
Renouvellement d'administrateur/commissaire - Pouvoirs
PDF
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

Similar companies

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

Filings14 filings

Mandates

Didier Mattivi

Anne GIRIN

Centre hospitalier universitaire de Liège

ALNATER

Maurice OLIVIER

Pierre WOLPER

Eric HAUBRUGE

Fabrice BUREAU

Julien COMPERE

Michel MORANT

Marc FOIDART

Rudi CLOOTS

Show the 9 other mandates

199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

GESVALSOCIETE DE GESTION DE PROJETS ET DE VALORISATION

Avenue Pré-Aily 4, 4031 Angleur

Director

Managing director

Director

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Pré-Aily 4, 4031 AngleurCurrent	accounts 2021	Accounts 2021 · 2022-20190914

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
GESVALCurrent	accounts 2011 → 2021	Accounts 2021 · 2022-20190914
SOCIETE DE GESTION DE PROJETS ET DE VALORISATION	accounts 2006 → 2010	Accounts 2010 · 2011-26300216

Events

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 €
26/08/1991
IncorporationPublic limited company

GESVAL

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events