BUSINESS SIMULATIONS
0446.094.387 · rovalta.com · 24/09/2026
ACTIVE
BUSINESS SIMULATIONS
Financial year 2025 · Closed on 31/03/2025
Net result
13 k €
+72,0 %over 1 yearGross margin
47,8 k €
+39,6 %over 1 yearEquity
309,8 k €
+4,4 %over 1 yearOverview
Identity
Source · BCE/KBOBUSINESS SIMULATIONS is a Public limited company incorporated in 1991. Its main activity is: Computer programming activities. Its registered office is in Enghien.
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0446.094.387
- Incorporation
- 13/12/1991
- Legal form
- Public limited company
- Registered office
- Rue de la Station(P.E.) 2
7850 Enghien · WallonieSee on map - Contributed capital
- 124 000,00 €
- Latest accounts
- 31/03/2025
Activities (NACE)
62010Computer programming activities· main62100Computer programming, consultancy and related activities72220Research and experimental development on social sciences and humanities70200Management consultancy activities70220Business and other management consultancy activities74142Specialised design activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Financials
Source · NBB, 19 filingsTrend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 47,8 k € | +39.6% | 34,2 k € | -37.8% | 55 k € | +100% | 27,5 k € | -35.0% | 42,3 k € |
| EBITDA | 40,1 k € | +50.4% | 26,7 k € | -47.2% | 50,5 k € | +121% | 22,8 k € | -41.3% | 38,9 k € |
| Operating result | 22 k € | +76.4% | 12,5 k € | -61.8% | 32,7 k € | +2425% | -1,4 k € | -118% | 8 k € |
| Net result | 13 k € | +72.0% | 7,5 k € | -69.0% | 24,4 k € | +685% | -4,2 k € | -234% | 3,1 k € |
| Balance sheet | |||||||||
| Equity | 309,8 k € | +4.4% | 296,8 k € | +2.6% | 289,3 k € | +9.2% | 264,9 k € | -1.5% | 269,1 k € |
| Total assets | 530 k € | +17.2% | 452,2 k € | +2.6% | 440,9 k € | +5.2% | 419,2 k € | -8.8% | 459,6 k € |
| Cash | 6,3 k € | -13.3% | 7,2 k € | -58.0% | 17,3 k € | +14.5% | 15,1 k € | -16.7% | 18,1 k € |
| Debts | 220,2 k € | +41.8% | 155,3 k € | +6.7% | 145,6 k € | -5.6% | 154,2 k € | -19.0% | 190,5 k € |
| Other | |||||||||
| Workforce | – | – | – | – | – | ||||
Valuation
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationBoard of directors
Source · NBB, accounts to 31/03/20252 active · 10 ended
Active mandates
benoit calicis
ActiveFrançois Calicis
ActiveEnded mandates
Benoit Calicis
EndedBenoit Calicis
EndedClaire Gourdin
EndedClaire Gourdin
EndedFinancials
Full financial information
Source · NBB| 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 | 01/04/2024 | 01/04/2023 | 01/04/2022 | 01/04/2021 | 01/04/2020 | 01/04/2019 |
| Closing of the financial year | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 | 31/03/2021 | 31/03/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 24/10/2025 | 16/09/2024 | 20/10/2023 | 21/11/2022 | 31/12/2021 | 08/10/2020 |
| General meeting | 20/10/2025 | 11/09/2024 | 22/09/2023 | 17/11/2022 | 29/12/2021 | 09/09/2020 |
| 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 · NBBLooking for more information about this company?
Try for 7 daysAnnual accounts filings
Source · NBB, 19 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/03/2025 | 20/10/2025 | 24/10/2025 | French | |
| Micro model | 31/03/2024 | 11/09/2024 | 16/09/2024 | French | |
| Micro model | 31/03/2023 | 22/09/2023 | 20/10/2023 | French | |
| Micro model | 31/03/2022 | 17/11/2022 | 21/11/2022 | French | |
| Micro model | 31/03/2021 | 29/12/2021 | 31/12/2021 | French | |
| Micro model | 31/03/2020 | 09/09/2020 | 08/10/2020 | French | |
| Micro model | 31/03/2019 | 11/09/2019 | 30/11/2019 | French | |
| Micro model | 31/03/2018 | 12/09/2018 | 20/10/2018 | French | |
| Micro model | 31/03/2017 | 13/09/2017 | 02/11/2017 | French | |
| Abridged model | 31/03/2016 | 14/09/2016 | 25/10/2016 | French | |
| Abridged model | 31/03/2015 | 09/09/2015 | 21/11/2015 | French | |
| Abridged model | 31/03/2014 | 10/09/2014 | 21/10/2014 | French | |
| Abridged model | 31/03/2013 | 11/09/2013 | 05/09/2014 | French | |
| Abridged model | 31/03/2012 | 12/09/2012 | 17/10/2012 | French | |
| Abridged model | 31/03/2011 | 14/09/2011 | 28/09/2011 | French | |
| Abridged model | 31/03/2010 | 08/09/2010 | 18/10/2010 | French | |
| Abridged model | 31/03/2009 | 09/09/2009 | 07/10/2009 | French | |
| Abridged model | 31/03/2008 | 10/09/2008 | 07/10/2008 | French | |
| Abridged model | 31/03/2007 | 12/09/2007 | 03/10/2007 | French |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 250 k€ and 500 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/03/20252 active · 10 ended
Active mandates
benoit calicis
ActiveFrançois Calicis
ActiveEnded mandates
Benoit Calicis
EndedBenoit Calicis
EndedClaire Gourdin
EndedClaire Gourdin
EndedOwnership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Other31/08/2026Renouvellement du conseil d'administration
- Mandates13/06/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
- Mandates20/07/2020DEMISSIONS, NOMINATIONS
- Mandates17/01/2013CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
- Mandates05/06/2009DEMISSIONS, NOMINATIONS
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202513 k €↑
- 2024Annual accounts 20247,5 k €↓
- 2023Annual accounts 202324,4 k €↑
- 2022Annual accounts 2022-4,2 k €↓
- 2021Annual accounts 20213,1 k €↓
- 2020Annual accounts 20203,9 k €↑
- 2019Annual accounts 2019-619,7 €↓
- 2018Annual accounts 20181,5 k €↑
- 2017Annual accounts 2017389,7 €↓
- 2016Annual accounts 201625,3 k €↑
- 2015Annual accounts 2015-12,3 k €↓
- 2014Annual accounts 201421,4 k €↑
- 2013Annual accounts 20137 k €↓
- 2012Annual accounts 20128 k €↓
- 2011Annual accounts 201123 k €↑
- 2010Annual accounts 201014,7 k €↑
- 2009Annual accounts 20096,9 k €↓
- 2008Annual accounts 200815,8 k €↑
- 2007Annual accounts 200712,1 k €
- 13/12/1991IncorporationPublic limited company