ACTIVE

NOSTRUM SERVICES

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Financial year 2025 · closed on 31/12/2025

Net result

6,9 k €

+113.9% YoY

Revenue

3,3 M €

-35.8% YoY

Equity

121,8 k €

-95.3% YoY

Workforce

2,0 ETP

-83.6% YoY

What does NOSTRUM SERVICES do?

NOSTRUM SERVICES is a Public limited company incorporated in 1992. Its main activity is: Management consultancy activities. Its registered office is in Perwez. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.834.755

Incorporation

09/03/1992

Legal form

Public limited company

Registered office

Chaussée de Wavre 20
1360 Perwez · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

2,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (3)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2019		2018		2016		2015		2013		2012		2011		2010		2008		2007		2006
Income statement
Revenue	3,3 M €	-35.8%	5,1 M €	-20.6%	6,4 M €	+13.6%	5,7 M €	+6.0%	5,3 M €	-64.0%	14,8 M €	-18.5%	18,2 M €	-14.4%	21,3 M €	+1.4%	21 M €	+70.6%	12,3 M €		–		–		–		–		–		–
EBITDA	129,1 k €	-39.7%	214,2 k €	+1.7%	210,6 k €	+187%	-241,4 k €	-15.0%	-209,8 k €	-106%	3,7 M €	-17.3%	4,5 M €	+1.5%	4,4 M €	-3.9%	4,6 M €	+151%	1,8 M €	+90.5%	955,3 k €	+93.7%	493,3 k €	-70.0%	1,6 M €	+71.6%	958,4 k €	+547%	148 k €	+15.0%	128,7 k €
Operating result	124,9 k €	+65.7%	75,4 k €	-80.4%	385,6 k €	+612%	-75,3 k €	+89.1%	-689,7 k €	-119%	3,7 M €	-17.2%	4,4 M €	+2.8%	4,3 M €	-4.2%	4,5 M €	+154%	1,8 M €	+132%	765,9 k €	+262%	211,8 k €	-86.4%	1,6 M €	+74.5%	892,3 k €	+834%	95,5 k €	+22.8%	77,8 k €
Net result	6,9 k €	+114%	-49,2 k €	-122%	224,9 k €	+367%	-84,2 k €	+86.2%	-611,1 k €	-118%	3,4 M €	+4.4%	3,2 M €	+7.7%	3 M €	+19.9%	2,5 M €	+150%	1 M €	+16.6%	860,5 k €	+51.8%	566,8 k €	+23.9%	457,5 k €	-16.1%	545,3 k €	+257%	152,7 k €	+209%	49,3 k €
Balance sheet
Equity	121,8 k €	-95.3%	2,6 M €	-1.8%	2,7 M €	+9.2%	2,4 M €	-3.3%	2,5 M €	-52.8%	5,3 M €	+172%	2 M €	-19.8%	2,4 M €	+159%	942,9 k €	-73.5%	3,6 M €	+39.3%	2,6 M €	+19.1%	2,1 M €	+27.8%	1,7 M €	+37.5%	1,2 M €	+80.7%	675,4 k €	+29.2%	522,7 k €
Total assets	3,2 M €	-0.9%	3,2 M €	-26.7%	4,4 M €	+8.8%	4,1 M €	+2.8%	4 M €	-50.0%	7,9 M €	-2.9%	8,2 M €	-0.9%	8,2 M €	+20.2%	6,8 M €	-60.2%	17,2 M €	+181%	6,1 M €	+31.0%	4,7 M €	-3.1%	4,8 M €	+15.1%	4,2 M €	+17.3%	3,6 M €	+52.8%	2,3 M €
Cash	23,5 k €	-82.5%	134,3 k €	-8.8%	147,3 k €	-94.1%	2,5 M €	-8.1%	2,7 M €	+22.3%	2,2 M €	+106%	1,1 M €	-73.7%	4,1 M €	-1.9%	4,2 M €	+57.2%	2,7 M €	+459%	479,3 k €	+64.4%	291,5 k €	-54.9%	645,8 k €	+73.7%	371,7 k €	+284%	96,8 k €	+30723%	314 €
Debts	2,8 M €	+666%	370 k €	-77.4%	1,6 M €	+23.8%	1,3 M €	+38.0%	957,5 k €	-62.9%	2,6 M €	-58.4%	6,2 M €	+7.6%	5,8 M €	-1.6%	5,8 M €	-57.1%	13,6 M €	+283%	3,6 M €	+41.3%	2,5 M €	+1.1%	2,5 M €	-14.9%	2,9 M €	+6.3%	2,8 M €	+60.1%	1,7 M €
Other
Workforce	2,0 ETP	-83.6%	12,2 ETP	-8.3%	13,3 ETP	-23.6%	17,4 ETP	-19.1%	21,5 ETP	-56.9%	49,9 ETP	+15.0%	43,4 ETP	+36.1%	31,9 ETP	+11.5%	28,6 ETP	+138%	12,0 ETP	+33.3%	9,0 ETP	+16.9%	7,7 ETP	-11.5%	8,7 ETP	+8.7%	8,0 ETP	+19.4%	6,7 ETP	+9.8%	6,1 ETP

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 · 3 active · 27 ended

Active mandates

Clare Calver

Managing director · since 18 mai 2026 · until 15 juin 2032

Active

THOMAS HARTNETT

Managing director · since 30 juin 2022 · until 18 mai 2026 · 0809.090.361

Represented by Thomas Hartnett

Active

Ulugbek Makhmadiyarov

Managing director · since 30 juin 2021 · until 15 juin 2027

Active

Ended mandates

THOMAS HARTNETT

Managing director · since 30 juin 2022 · until 20 juin 2028 · 0809.090.361

Represented by Thomas Hartnett

Ended

Jan Rudolph Muller

Managing director · since 27 février 2018 · until 30 juin 2021

Ended

Jan Rudolph Muller

Managing director · since 27 février 2018 · until 20 juin 2023

Ended

Frank Monstrey

Director · since 22 juin 2016 · until 21 juin 2017

Ended

At this address

Other companies at this address

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Admin 2000● Active	0807.374.154
A GRADUAL GENERAL ACTIVATION OF THE BODY AND ITS SYSTEM FOR HEALTH● Liquidation	0807.644.665
LES VINS D'IVAN● Active	0729.863.236
Nambrothers● Active	0553.723.114

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	17/07/2026	09/07/2025	27/09/2024	07/07/2023	14/07/2022	26/07/2021
General meeting	09/07/2026	26/06/2025	24/09/2024	30/06/2023	30/06/2022	09/07/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	09/07/2026	17/07/2026	French	PDF
Full model	31/12/2024	26/06/2025	09/07/2025	French	PDF
Full model	31/12/2023	24/09/2024	27/09/2024	French	PDF
Full model	31/12/2022	30/06/2023	07/07/2023	French	PDF
Full model	31/12/2021	30/06/2022	14/07/2022	French	PDF
Full model	31/12/2020	09/07/2021	26/07/2021	French	PDF
Full model	31/12/2019	09/07/2020	30/07/2020	Dutch	PDF
Full model	31/12/2018	12/12/2019	19/12/2019	Dutch	PDF
Full model	31/12/2017	19/06/2018	16/07/2018	Dutch	PDF
Full model	31/12/2016	31/07/2017	03/08/2017	Dutch	PDF
Full model	31/12/2015	21/06/2016	24/06/2016	Dutch	PDF
Full model	31/12/2014	16/06/2015	30/06/2015	Dutch	PDF
Full model	30/06/2013	15/10/2013	14/11/2013	Dutch	PDF
Abridged model	30/06/2012	16/10/2012	20/11/2012	Dutch	PDF
Abridged model	30/06/2011	18/10/2011	27/01/2012	Dutch	PDF
Abridged model	30/06/2010	19/10/2010	10/02/2011	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	15/06/2008	30/09/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	15/10/2007	Dutch	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 · 3 active · 27 ended

Active mandates

Clare Calver

Managing director · since 18 mai 2026 · until 15 juin 2032

Active

THOMAS HARTNETT

Managing director · since 30 juin 2022 · until 18 mai 2026 · 0809.090.361

Represented by Thomas Hartnett

Active

Ulugbek Makhmadiyarov

Managing director · since 30 juin 2021 · until 15 juin 2027

Active

Ended mandates

THOMAS HARTNETT

Managing director · since 30 juin 2022 · until 20 juin 2028 · 0809.090.361

Represented by Thomas Hartnett

Ended

Jan Rudolph Muller

Managing director · since 27 février 2018 · until 30 juin 2021

Ended

Jan Rudolph Muller

Managing director · since 27 février 2018 · until 20 juin 2023

Ended

Frank Monstrey

Director · since 22 juin 2016 · until 21 juin 2017

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/08/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates22/07/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates19/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates24/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates25/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2021
ONTSLAGEN - BENOEMINGEN
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 20256,9 k €↑
2024
Annual accounts 2024-49,2 k €↓
2023
Annual accounts 2023224,9 k €↑
2022
Annual accounts 2022-84,2 k €↑
2021
Annual accounts 2021-611,1 k €↓
2019
Annual accounts 20193,4 M €↑
2018
Annual accounts 20183,2 M €↑
2016
Annual accounts 20163 M €↑
2015
Annual accounts 20152,5 M €↑
2015
Name changeNostrum Services
2013
Annual accounts 20131 M €↑
2012
Annual accounts 2012860,5 k €↑
2011
Annual accounts 2011566,8 k €↑
2010
Annual accounts 2010457,5 k €↓
2008
Annual accounts 2008545,3 k €↑
2007
Annual accounts 2007152,7 k €↑
2006
Annual accounts 200649,3 k €
2006
Name changePROBEL CAPITAL MANAGEMENT
09/03/1992
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

NOSTRUM SERVICES

Overview

What does NOSTRUM SERVICES do?

Trend over 16 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