ACTIVE

NITRAMCO

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Financial year 2025 · closed on 31/12/2025

Net result

541 k €

-13.8% YoY

Revenue

533,6 k €

+7.1% YoY

Equity

16,8 M €

-0.4% YoY

What does NITRAMCO do?

NITRAMCO is a Public limited company incorporated in 1992. Its main activity is: Management consultancy activities. Its registered office is in Woluwe-Saint-Pierre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0448.706.657

Incorporation

20/11/1992

Legal form

Public limited company

Registered office

Rue Mareyde 26
1150 Woluwe-Saint-Pierre · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 64200Activities of holding companies 64210Activities of holding companies 70210Public relations and communication activities 73300Advertising and market research

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	533,6 k €	+7.1%	498,1 k €	+14.7%	434,3 k €	+32.9%	326,8 k €	+13.7%	287,3 k €	-56.8%	664,4 k €	-17.6%	806,6 k €	-20.4%	1 M €	+5.1%	963,6 k €		–		–		–		–		–		178,5 k €	-70.2%	600 k €	0.0%	600 k €		–		–		–
EBITDA	501 k €	-36.7%	792 k €	+8.5%	730,2 k €	+111%	346,1 k €	+512%	56,6 k €	+164%	-87,7 k €	-101%	13,4 M €	+1122%	1,1 M €	+6.1%	1 M €	-14.7%	1,2 M €	+32.8%	916,4 k €	+10.4%	830,4 k €	+115%	385,4 k €	-2.2%	394,3 k €	-49.4%	778,5 k €	+27.9%	608,8 k €	-20.1%	762,4 k €	-20.0%	953,4 k €	+1.6%	938,6 k €	+21.7%	771,3 k €
Operating result	297,4 k €	-47.5%	566,3 k €	+11.9%	505,9 k €	+454%	91,2 k €	+169%	-132 k €	+51.6%	-272,6 k €	-102%	13,3 M €	+1370%	902 k €	+7.2%	841,1 k €	-17.8%	1 M €	+32.5%	771,8 k €	+21.0%	637,7 k €	+262%	176 k €	-3.7%	182,8 k €	-67.8%	567,6 k €	+42.6%	397,9 k €	-25.6%	534,7 k €	-33.2%	800,2 k €	+0.1%	799,2 k €	+26.5%	631,8 k €
Net result	541 k €	-13.8%	628 k €	-4.5%	657,4 k €	+1108%	54,4 k €	+1.8%	53,4 k €	+119%	-284,6 k €	-102%	13,1 M €	+2562%	493,1 k €	+19.9%	411,2 k €	-29.4%	582 k €	+15.8%	502,6 k €	-73.0%	1,9 M €	+4660%	39,1 k €	-45.5%	71,7 k €	-81.2%	381,3 k €	+47.6%	258,3 k €	-25.7%	347,5 k €	-24.2%	458,2 k €	-0.6%	461,2 k €	+23.7%	372,8 k €
Balance sheet
Equity	16,8 M €	-0.4%	16,8 M €	+0.2%	16,8 M €	+0.3%	16,7 M €	-4.3%	17,5 M €	-3.0%	18 M €	-4.7%	18,9 M €	+227%	5,8 M €	+9.3%	5,3 M €	-10.0%	5,9 M €	-28.0%	8,2 M €	+6.6%	7,7 M €	+32.0%	5,8 M €	+0.7%	5,8 M €	-19.8%	7,2 M €	+3.8%	6,9 M €	+0.8%	6,9 M €	+3.4%	6,7 M €	+209%	2,2 M €	+24.7%	1,7 M €
Total assets	23,1 M €	+5.2%	22 M €	-9.6%	24,3 M €	+5.5%	23,1 M €	+8.2%	21,3 M €	-4.4%	22,3 M €	-1.4%	22,6 M €	+56.3%	14,5 M €	+12.2%	12,9 M €	+1.8%	12,7 M €	+1.8%	12,4 M €	+10.3%	11,3 M €	+0.7%	11,2 M €	+10.0%	10,2 M €	+9.4%	9,3 M €	+2.1%	9,1 M €	-5.4%	9,6 M €	+0.8%	9,6 M €	+99.2%	4,8 M €	+5.4%	4,6 M €
Cash	494,8 k €	+200%	165,2 k €	-61.3%	427,1 k €	-43.6%	756,8 k €	-69.6%	2,5 M €	-27.3%	3,4 M €	-66.2%	10,1 M €	+12618%	79,7 k €	+24.0%	64,3 k €	-22.8%	83,3 k €	-42.3%	144,3 k €	+151%	57,5 k €	-48.2%	111 k €	+193%	37,9 k €	-76.1%	158,7 k €	+934%	15,3 k €	-91.7%	185,3 k €	+211%	59,5 k €	+141%	24,7 k €	-71.2%	85,8 k €
Debts	6,3 M €	+23.2%	5,1 M €	-30.5%	7,4 M €	+17.7%	6,3 M €	+63.3%	3,8 M €	-9.1%	4,2 M €	+17.7%	3,6 M €	-58.1%	8,6 M €	+15.2%	7,4 M €	+11.4%	6,7 M €	+60.2%	4,2 M €	+17.3%	3,6 M €	-33.5%	5,3 M €	+21.5%	4,4 M €	+111%	2,1 M €	-3.2%	2,2 M €	-21.2%	2,7 M €	-6.0%	2,9 M €	+9.8%	2,7 M €	-6.3%	2,8 M €
Other
Workforce	–		–		–		–		1,1 ETP	-87.4%	8,7 ETP	-14.7%	10,2 ETP	-31.1%	14,8 ETP	-5.1%	15,6 ETP	+32.2%	11,8 ETP	-6.3%	12,6 ETP	+0.8%	12,5 ETP	+30.2%	9,6 ETP	+231%	2,9 ETP	0.0%	2,9 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 31/12/2025 · 5 active · 48 ended

Active mandates

BI SUCCESS

Director · since 30 juin 2026 · until 30 juin 2032 · 0654.920.541

Represented by Kin Thierry

Active

Jean-Michel Martin

Director · since 30 juin 2026 · until 30 juin 2032

Active

Martin-Martin

Director · since 30 juin 2026 · until 30 juin 2032 · 0839.617.944

Represented by Martin Romain

Active

NITRAMCAR

Managing director · since 30 juin 2026 · until 30 juin 2032 · 0732.608.138

Represented by Van Durme Marie-Caroline

Active

Pushpapy

Director · since 30 juin 2026 · until 30 juin 2032 · 0713.952.068

Represented by Martin Maxime

Active

Ended mandates

BI SUCCESS

Director · since 23 novembre 2020 · until 23 novembre 2026 · 0654.920.541

Represented by Thierry KIN

Ended

BI SUCCESS

Director · since 23 novembre 2020 · until 22 novembre 2026 · 0654.920.541

Represented by Thierry KIN

Ended

BI SUCCESS

Director · since 23 novembre 2020 · until 22 novembre 2026 · 0654.920.541

Represented by Thierry KIN

Ended

BI SUCCESS

Director · since 23 novembre 2020 · until 22 novembre 2026 · 0654.920.541

Represented by Thierry KIN

Ended

At this address

Other companies at this address

Company	CBE no.
BROMALEASE● Active	0455.437.962
Martin-Martin● Active	0839.617.944
MAXIMIZE MANAGEMENT● Active	1021.903.710
NITRAMCAR● Active	0732.608.138
NITRAMESTATE● Active	0754.698.897
NITRAMIMMO● Active	0476.931.578
Nitraminvest● Active	0474.897.548
NITRAMOTORS● Active	0445.728.262
NITRAMVELD● Active	0841.331.082
Sport International Management● Active	0420.400.077

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	24/07/2026	24/07/2025	24/07/2024	24/08/2023	30/08/2022	29/07/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	30/06/2023	29/07/2022	28/07/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	24/07/2026	French	PDF
Full model	31/12/2024	30/06/2025	24/07/2025	French	PDF
Full model	31/12/2023	28/06/2024	24/07/2024	French	PDF
Full model	31/12/2022	30/06/2023	24/08/2023	French	PDF
Full model	31/12/2021	29/07/2022	30/08/2022	French	PDF
Full model	31/12/2020	28/07/2021	29/07/2021	French	PDF
Full model	31/12/2019	10/08/2020	27/08/2020	French	PDF
Full model	31/12/2018	28/06/2019	11/07/2019	French	PDF
Full model	31/12/2017	29/06/2018	31/07/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	16/06/2016	29/07/2016	French	PDF
Abridged model	31/03/2015	24/09/2015	29/09/2015	French	PDF
Abridged model	31/03/2014	25/09/2014	29/09/2014	French	PDF
Abridged model	31/03/2013	26/09/2013	07/11/2013	French	PDF
Full model	31/03/2012	27/09/2012	28/11/2012	French	PDF
Full model	31/03/2011	29/09/2011	28/10/2011	French	PDF
Full model	31/03/2010	30/09/2010	21/10/2010	French	PDF
Abridged model	31/03/2009	24/09/2009	17/11/2009	French	PDF
Abridged model	31/03/2008	25/09/2008	29/09/2008	French	PDF
Abridged model	31/03/2007	27/09/2007	25/10/2007	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 31/12/2025 · 5 active · 48 ended

Active mandates

BI SUCCESS

Director · since 30 juin 2026 · until 30 juin 2032 · 0654.920.541

Represented by Kin Thierry

Active

Jean-Michel Martin

Director · since 30 juin 2026 · until 30 juin 2032

Active

Martin-Martin

Director · since 30 juin 2026 · until 30 juin 2032 · 0839.617.944

Represented by Martin Romain

Active

NITRAMCAR

Managing director · since 30 juin 2026 · until 30 juin 2032 · 0732.608.138

Represented by Van Durme Marie-Caroline

Active

Pushpapy

Director · since 30 juin 2026 · until 30 juin 2032 · 0713.952.068

Represented by Martin Maxime

Active

Ended mandates

BI SUCCESS

Director · since 23 novembre 2020 · until 23 novembre 2026 · 0654.920.541

Represented by Thierry KIN

Ended

BI SUCCESS

Director · since 23 novembre 2020 · until 22 novembre 2026 · 0654.920.541

Represented by Thierry KIN

Ended

BI SUCCESS

Director · since 23 novembre 2020 · until 22 novembre 2026 · 0654.920.541

Represented by Thierry KIN

Ended

BI SUCCESS

Director · since 23 novembre 2020 · until 22 novembre 2026 · 0654.920.541

Represented by Thierry KIN

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/06/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates05/01/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates03/02/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates14/12/2020
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates20/04/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates10/03/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates13/08/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates20/09/2018
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 2025541 k €↓
2024
Annual accounts 2024628 k €↓
2023
Annual accounts 2023657,4 k €↑
2022
Annual accounts 202254,4 k €↑
2021
Annual accounts 202153,4 k €↑
2020
Annual accounts 2020-284,6 k €↓
2019
Annual accounts 201913,1 M €↑
2018
Annual accounts 2018493,1 k €↑
2017
Annual accounts 2017411,2 k €↓
2016
Annual accounts 2016582 k €↑
2015
Annual accounts 2015502,6 k €↓
2015
Annual accounts 20151,9 M €↑
2014
Annual accounts 201439,1 k €↓
2013
Annual accounts 201371,7 k €↓
2012
Annual accounts 2012381,3 k €↑
2011
Annual accounts 2011258,3 k €↓
2010
Annual accounts 2010347,5 k €↓
2009
Annual accounts 2009458,2 k €↓
2008
Annual accounts 2008461,2 k €↑
2007
Annual accounts 2007372,8 k €
20/11/1992
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

NITRAMCO

Overview

What does NITRAMCO 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