ACTIVE

GROUPE VISIBLY

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Financial year 2025 · closed on 31/12/2025

Net result

42,9 k €

+0.1% YoY

Gross margin

588,6 k €

+3.4% YoY

Equity

854,8 k €

+5.3% YoY

Workforce

7,7 ETP

-6.1% YoY

What does GROUPE VISIBLY do?

GROUPE VISIBLY is a Public limited company incorporated in 1993. Its registered office is in Bastogne. It employs on average 7,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.651.913

Incorporation

24/03/1993

Legal form

Public limited company

Registered office

Rue de la Drève 10
6600 Bastogne · WallonieSee on map

Contributed capital

136 762,73 €

Latest accounts

31/12/2025

Average workforce

7,7 ETP

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy 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	588,6 k €	+3.4%	569 k €	-8.1%	619,5 k €	+29.1%	480 k €	-20.3%	602 k €	+38.1%	435,8 k €	-7.8%	472,7 k €	+8.1%	437,2 k €	+3.0%	424,6 k €	+17.3%	362,1 k €	-9.1%	398,4 k €	-8.1%	433,5 k €	+9.0%	397,7 k €	+19.3%	333,3 k €	-7.3%	359,6 k €	+15.5%	311,3 k €	-10.4%	347,5 k €	-1.8%	354,1 k €	+18.2%	299,4 k €	+3.0%	290,6 k €
EBITDA	213 k €	+6.9%	199,2 k €	-21.3%	253,1 k €	+81.2%	139,7 k €	-52.4%	293,7 k €	+95.5%	150,2 k €	-6.3%	160,3 k €	+11.1%	144,3 k €	-16.2%	172,1 k €	+39.7%	123,2 k €	-20.8%	155,5 k €	-14.5%	181,9 k €	+8.8%	167,2 k €	+47.8%	113,1 k €	-16.6%	135,7 k €	+36.3%	99,5 k €	-31.3%	144,8 k €	-15.3%	171 k €	+51.1%	113,2 k €	+22.6%	92,3 k €
Operating result	76 k €	-10.1%	84,6 k €	-38.6%	137,7 k €	+149%	55,4 k €	-64.7%	156,9 k €	+159%	60,5 k €	+15.6%	52,4 k €	+53.9%	34 k €	-58.8%	82,6 k €	+15.0%	71,8 k €	+2.7%	69,9 k €	-25.8%	94,3 k €	+28.4%	73,4 k €	+117%	33,7 k €	-34.9%	51,8 k €	+43.1%	36,2 k €	-51.2%	74,2 k €	+9.1%	68 k €	+554%	10,4 k €	+155%	-18,9 k €
Net result	42,9 k €	+0.1%	42,9 k €	-48.2%	82,8 k €	+220%	25,8 k €	-77.3%	113,7 k €	+183%	40,2 k €	+10.7%	36,3 k €	+81.8%	20 k €	-56.0%	45,4 k €	+32.1%	34,4 k €	+13.6%	30,3 k €	-40.2%	50,6 k €	+29.5%	39,1 k €	+246%	11,3 k €	+24.4%	9,1 k €	-18.0%	11,1 k €	-81.6%	60,2 k €	+59.5%	37,7 k €	+377240%	10 €	+100%	-43,9 k €
Balance sheet
Equity	854,8 k €	+5.3%	811,9 k €	+2.9%	789,1 k €	+8.6%	726,3 k €	+3.7%	700,5 k €	+15.4%	606,8 k €	+7.1%	566,6 k €	+6.9%	530,2 k €	+3.9%	510,2 k €	+9.8%	464,8 k €	+8.0%	430,4 k €	+7.6%	400,1 k €	+14.5%	349,5 k €	+12.6%	310,4 k €	+3.8%	299,1 k €	+3.1%	290 k €	+11.0%	261,2 k €	+29.9%	201 k €	+18.2%	170,1 k €	-3.9%	176,9 k €
Total assets	1,9 M €	-2.4%	2 M €	+1.8%	1,9 M €	-2.1%	2 M €	+4.4%	1,9 M €	+19.5%	1,6 M €	-3.5%	1,6 M €	+6.9%	1,5 M €	+20.1%	1,3 M €	+6.6%	1,2 M €	-5.0%	1,3 M €	+4.5%	1,2 M €	-0.9%	1,2 M €	+0.1%	1,2 M €	+5.6%	1,1 M €	+11.1%	1 M €	+5.4%	976,4 k €	+1.2%	965,2 k €	+5.1%	918,5 k €	-5.6%	973,4 k €
Cash	156,5 k €	-17.5%	189,7 k €	+3.4%	183,4 k €	-31.4%	267,4 k €	-23.8%	351 k €	+73.1%	202,7 k €	+104%	99,1 k €	+298%	24,9 k €	-55.9%	56,5 k €	-24.5%	74,9 k €	+112%	35,3 k €	-16.8%	42,5 k €	-51.5%	87,7 k €	-42.0%	151,1 k €	+462%	26,9 k €	-37.2%	42,8 k €	+5.7%	40,5 k €	+62.0%	25 k €	+3.3%	24,2 k €	-32.6%	35,9 k €
Debts	1 M €	-7.9%	1,1 M €	+1.0%	1,1 M €	-8.4%	1,2 M €	+4.7%	1,2 M €	+22.1%	963 k €	-9.1%	1,1 M €	+7.0%	990,5 k €	+31.0%	756 k €	+5.4%	717 k €	-12.5%	819,2 k €	+4.8%	781,4 k €	-8.0%	849,6 k €	-5.0%	894,1 k €	+6.4%	840,7 k €	+15.1%	730,5 k €	+2.8%	710,5 k €	-7.0%	764,1 k €	+2.6%	744,8 k €	-5.6%	789,4 k €
Other
Workforce	7,7 ETP	-6.1%	8,2 ETP	-1.2%	8,3 ETP	+12.2%	7,4 ETP	+4.2%	7,1 ETP	-2.7%	7,3 ETP	-5.2%	7,7 ETP	-3.7%	8,0 ETP	+19.4%	6,7 ETP	+11.7%	6,0 ETP	-4.8%	6,3 ETP	-4.5%	6,6 ETP	+11.9%	5,9 ETP	-1.7%	6,0 ETP	-11.8%	6,8 ETP	+13.3%	6,0 ETP	+11.1%	5,4 ETP	+1.9%	5,3 ETP	-3.6%	5,5 ETP	-8.3%	6,0 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 · 2 active · 4 ended

Active mandates

Philippe NEY

Managing director

Active

Véronique NISEN

Director

Active

Ended mandates

Véronique Nisen

Mandate · since 15 novembre 2004 · until 14 novembre 2010

Ended

Véronique Nisen

Director · since 15 novembre 2004 · until 14 novembre 2010

Ended

Véronique Nisen

Associate · since 15 novembre 2004 · until 14 novembre 2010

Ended

René LEBRUN

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	31/08/2026	25/09/2025	12/10/2024	09/10/2023	30/09/2022	22/10/2021
General meeting	11/08/2026	19/09/2025	10/10/2024	06/10/2023	30/09/2022	20/10/2021
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
Abridged model	31/12/2025	11/08/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	19/09/2025	25/09/2025	French	PDF
Abridged model	31/12/2023	10/10/2024	12/10/2024	French	PDF
Abridged model	31/12/2022	06/10/2023	09/10/2023	French	PDF
Abridged model	31/12/2021	30/09/2022	30/09/2022	French	PDF
Abridged model	31/12/2020	20/10/2021	22/10/2021	French	PDF
Abridged model	31/12/2019	29/09/2020	30/09/2020	French	PDF
Abridged model	31/12/2018	28/08/2019	28/08/2019	French	PDF
Abridged model	31/12/2017	04/09/2018	06/09/2018	French	PDF
Abridged model	31/12/2016	21/09/2017	22/09/2017	French	PDF
Abridged model	31/12/2015	19/09/2016	22/09/2016	French	PDF
Abridged model	31/12/2014	15/09/2015	28/09/2015	French	PDF
Abridged model	31/12/2013	22/09/2014	23/09/2014	French	PDF
Abridged model	31/12/2012	26/09/2013	26/09/2013	French	PDF
Abridged model	31/12/2011	06/08/2012	07/08/2012	French	PDF
Abridged model	31/12/2010	07/12/2011	08/12/2011	French	PDF
Abridged model	31/12/2009	05/11/2010	05/11/2010	French	PDF
Abridged model	31/12/2008	05/08/2009	10/08/2009	French	PDF
Abridged model	31/12/2007	19/12/2008	23/12/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	18/07/2007	French	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 · 2 active · 4 ended

Active mandates

Philippe NEY

Managing director

Active

Véronique NISEN

Director

Active

Ended mandates

Véronique Nisen

Mandate · since 15 novembre 2004 · until 14 novembre 2010

Ended

Véronique Nisen

Director · since 15 novembre 2004 · until 14 novembre 2010

Ended

Véronique Nisen

Associate · since 15 novembre 2004 · until 14 novembre 2010

Ended

René LEBRUN

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates07/10/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates31/01/2014
DENOMINATION - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates18/01/2013
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office27/02/2009
SIEGE SOCIAL
PDF
Registered office16/06/2005
SIEGE SOCIAL
PDF
Mandates08/12/2004
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202542,9 k €↑
2024
Annual accounts 202442,9 k €↓
2023
Annual accounts 202382,8 k €↑
2022
Annual accounts 202225,8 k €↓
2021
Annual accounts 2021113,7 k €↑
2020
Annual accounts 202040,2 k €↑
2019
Annual accounts 201936,3 k €↑
2018
Annual accounts 201820 k €↓
2017
Annual accounts 201745,4 k €↑
2016
Annual accounts 201634,4 k €↑
2015
Annual accounts 201530,3 k €↓
2014
Annual accounts 201450,6 k €↑
2013
Annual accounts 201339,1 k €↑
2012
Annual accounts 201211,3 k €↑
2011
Annual accounts 20119,1 k €↓
2010
Annual accounts 201011,1 k €↓
2009
Annual accounts 200960,2 k €↑
2008
Annual accounts 200837,7 k €↑
2007
Annual accounts 200710 €↑
2006
Annual accounts 2006-43,9 k €
24/03/1993
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

GROUPE VISIBLY

Overview

What does GROUPE VISIBLY do?

Trend over 20 financial years

Indicative valuation

Board of directors

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