ACTIVE

EMSENS MANAGEMENT SERVICE

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Financial year 2025 · closed on 31/12/2025

Net result

409,6 k €

+9.2% YoY

Gross margin

38,2 k €

+47.1% YoY

Equity

11,4 M €

-0.2% YoY

What does EMSENS MANAGEMENT SERVICE do?

EMSENS MANAGEMENT SERVICE is a Public limited company incorporated in 1992. Its main activity is: Management consultancy activities. Its registered office is in Uccle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.555.534

Incorporation

06/02/1992

Legal form

Public limited company

Registered office

Avenue de la Sapinière 10
1180 Uccle · BruxellesSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 73200Market research and public opinion polling 73200Market research and public opinion polling

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

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Health score

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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	38,2 k €	+47.1%	26 k €	-37.4%	41,5 k €	+18.1%	35,2 k €	-4.7%	36,9 k €	+261%	-22,9 k €	-386%	8 k €	-92.6%	108,3 k €	-99.0%	10,6 M €	+2579%	394 k €	+107%	190,2 k €	+3.1%	184,5 k €	-1.3%	187 k €	-30.5%	269,3 k €	+3.5%	260,1 k €	+34.1%	194 k €	-0.6%	195 k €	-4.8%	204,9 k €	+16.5%	175,9 k €	+6.0%	165,9 k €
EBITDA	-33,3 k €	+21.4%	-42,3 k €	-67.5%	-25,3 k €	-8.4%	-23,3 k €	-52.4%	-15,3 k €	+73.7%	-58,1 k €	-253%	-16,5 k €	-120%	84,2 k €	-99.2%	10,5 M €	+2700%	376,1 k €	+113%	176,9 k €	+3.6%	170,8 k €	-5.6%	180,8 k €	-30.7%	260,8 k €	+2.2%	255,3 k €	+34.9%	189,3 k €	-0.9%	190,9 k €	-3.4%	197,8 k €	+12.6%	175,7 k €	+8.2%	162,4 k €
Operating result	-145,2 k €	+6.4%	-155,2 k €	-11.1%	-139,7 k €	-2.6%	-136,2 k €	-5.9%	-128,6 k €	+24.8%	-171 k €	-36.7%	-125,1 k €	-380%	-26 k €	-100%	10,4 M €	+3886%	261,3 k €	+320%	62,2 k €	+12.5%	55,3 k €	-18.4%	67,8 k €	-48.3%	131,2 k €	+12.1%	117 k €	+130%	51 k €	+72.2%	29,6 k €	-54.7%	65,4 k €	-9.5%	72,2 k €	-10.3%	80,5 k €
Net result	409,6 k €	+9.2%	375,2 k €	+9.6%	342,2 k €	+14.4%	299,1 k €	+28.0%	233,7 k €	+86.5%	125,3 k €	+11.9%	112 k €	-50.5%	226,1 k €	-97.8%	10,3 M €	+2465%	400,5 k €	+168%	149,7 k €	+7.2%	139,6 k €	+3.7%	134,6 k €	+36.6%	98,5 k €	+1423%	-7,4 k €	+89.5%	-70,8 k €	-974%	8,1 k €	-84.4%	52,1 k €	-44.1%	93,1 k €	-80.8%	484,1 k €
Balance sheet
Equity	11,4 M €	-0.2%	11,4 M €	-0.5%	11,5 M €	-0.7%	11,6 M €	-1.1%	11,7 M €	-6.1%	12,5 M €	+1.0%	12,3 M €	+0.9%	12,2 M €	+1.9%	12 M €	+245%	3,5 M €	+13.0%	3,1 M €	+5.1%	2,9 M €	+5.0%	2,8 M €	+5.1%	2,7 M €	+3.8%	2,6 M €	-0.3%	2,6 M €	-2.7%	2,6 M €	+0.3%	2,6 M €	+2.0%	2,6 M €	+162%	985,6 k €
Total assets	11,9 M €	-0.1%	11,9 M €	-0.5%	11,9 M €	-0.7%	12 M €	-6.1%	12,8 M €	-12.3%	14,6 M €	-0.0%	14,6 M €	-0.1%	14,6 M €	+0.4%	14,6 M €	+37.5%	10,6 M €	+31.0%	8,1 M €	+1.1%	8 M €	-0.7%	8,1 M €	-0.6%	8,1 M €	-1.5%	8,2 M €	-1.7%	8,4 M €	+3.0%	8,1 M €	+9.0%	7,5 M €	+11.3%	6,7 M €	+117%	3,1 M €
Cash	77,1 k €	-90.9%	844,6 k €	-32.0%	1,2 M €	+59.6%	778,8 k €	-52.3%	1,6 M €	-66.7%	4,9 M €	-6.6%	5,3 M €	+49.0%	3,5 M €	+4.0%	3,4 M €	+3697%	89,2 k €	-51.4%	183,8 k €	+506%	30,3 k €	-22.1%	38,9 k €	-3.5%	40,3 k €	+49.2%	27 k €	+191%	9,3 k €	-75.6%	38,1 k €	+88.7%	20,2 k €	-64.8%	57,4 k €	+7.2%	53,5 k €
Debts	442,5 k €	+0.4%	440,6 k €	-1.4%	446,8 k €	-0.8%	450,5 k €	-59.3%	1,1 M €	-48.1%	2,1 M €	-5.7%	2,3 M €	-5.4%	2,4 M €	-6.3%	2,6 M €	-64.1%	7,1 M €	+42.1%	5 M €	-1.2%	5,1 M €	-3.8%	5,3 M €	-3.4%	5,4 M €	-3.9%	5,7 M €	-2.3%	5,8 M €	+5.7%	5,5 M €	+13.7%	4,8 M €	+17.0%	4,1 M €	+95.7%	2,1 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,5 ETP	0.0%	0,5 ETP		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Walter Emsens

Director · since 02 juin 2022

Active

Ended mandates

TANGUY EMSENS

Director · since 15 juin 2016 · until 15 juin 2022

Ended

WALTER EMSENS

Managing director · since 15 juin 2016 · until 15 juin 2022

Ended

TANGUY EMSENS

Director · since 15 juin 2010 · until 15 juin 2016

Ended

WALTER EMSENS

Managing director · since 15 juin 2010 · until 15 juin 2016

Ended

At this address

Other companies at this address

Company	CBE no.
FINSECURE● Active	0761.948.559

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	28/08/2026	25/08/2025	22/08/2024	28/08/2023	30/06/2022	01/07/2021
General meeting	15/06/2026	15/06/2025	15/06/2024	15/06/2023	15/06/2022	15/06/2021
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
Micro model	31/12/2025	15/06/2026	28/08/2026	French	PDF
Micro model	31/12/2024	15/06/2025	25/08/2025	French	PDF
Micro model	31/12/2023	15/06/2024	22/08/2024	French	PDF
Micro model	31/12/2022	15/06/2023	28/08/2023	French	PDF
Micro model	31/12/2021	15/06/2022	30/06/2022	French	PDF
Micro model	31/12/2020	15/06/2021	01/07/2021	French	PDF
Micro model	31/12/2019	15/06/2020	29/06/2020	French	PDF
Micro model	31/12/2018	15/06/2019	15/07/2019	French	PDF
Micro model	31/12/2017	15/06/2018	16/08/2018	French	PDF
Micro model	31/12/2016	15/06/2017	20/06/2017	French	PDF
Abridged model	31/12/2015	15/06/2016	27/06/2016	French	PDF
Abridged model	31/12/2014	15/06/2015	24/06/2015	French	PDF
Abridged model	31/12/2013	16/06/2014	25/06/2014	French	PDF
Abridged model	31/12/2012	15/06/2013	12/07/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	28/06/2012	French	PDF
Abridged model	31/12/2010	15/06/2011	22/06/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	22/06/2010	French	PDF
Abridged model	31/12/2008	15/06/2009	16/06/2009	French	PDF
Abridged model	31/12/2007	16/06/2008	01/07/2008	French	PDF
Abridged model	31/12/2006	15/06/2007	25/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 6 ended

Active mandates

Walter Emsens

Director · since 02 juin 2022

Active

Ended mandates

TANGUY EMSENS

Director · since 15 juin 2016 · until 15 juin 2022

Ended

WALTER EMSENS

Managing director · since 15 juin 2016 · until 15 juin 2022

Ended

TANGUY EMSENS

Director · since 15 juin 2010 · until 15 juin 2016

Ended

WALTER EMSENS

Managing director · since 15 juin 2010 · until 15 juin 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/07/2022
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Capital / shares21/08/2017
CAPITAL, ACTIONS
PDF
Mandates29/07/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates26/10/2010
DEMISSIONS, NOMINATIONS
PDF
Capital / shares02/05/2007
CAPITAL, ACTIONS
PDF
Mandates19/07/2004
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 2025409,6 k €↑
2024
Annual accounts 2024375,2 k €↑
2023
Annual accounts 2023342,2 k €↑
2022
Annual accounts 2022299,1 k €↑
2021
Annual accounts 2021233,7 k €↑
2020
Annual accounts 2020125,3 k €↑
2019
Annual accounts 2019112 k €↓
2018
Annual accounts 2018226,1 k €↓
2017
Annual accounts 201710,3 M €↑
2016
Annual accounts 2016400,5 k €↑
2015
Annual accounts 2015149,7 k €↑
2014
Annual accounts 2014139,6 k €↑
2013
Annual accounts 2013134,6 k €↑
2012
Annual accounts 201298,5 k €↑
2011
Annual accounts 2011-7,4 k €↑
2010
Annual accounts 2010-70,8 k €↓
2009
Annual accounts 20098,1 k €↓
2008
Annual accounts 200852,1 k €↓
2007
Annual accounts 200793,1 k €↓
2006
Annual accounts 2006484,1 k €
06/02/1992
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

EMSENS MANAGEMENT SERVICE

Overview

What does EMSENS MANAGEMENT SERVICE do?

Trend over 20 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