ACTIVE

CHALLENGE

Financial year 2025 · Closed on 30/06/2025

Net result81,6 k €+160,4 %over 1 year

Gross margin543,4 k €+12,7 %over 1 year

Equity936,8 k €-8,6 %over 1 year

Identity

Source · BCE/KBO

CHALLENGE is a Public limited company incorporated in 1993. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Bierbeek.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0450.024.075
Incorporation: 03/05/1993
Legal form: Public limited company
Registered office: Nieuwstraat 28
3360 Bierbeek · FlandreSee on map
Contributed capital: 61 500,00 €
Latest accounts: 30/06/2025

Activities (NACE)

74875Other professional, scientific and technical activities· main 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	543,4 k €	+12.7%	482,3 k €	-10.9%	541,5 k €	-37.4%	865,1 k €	+81.5%	476,5 k €
EBITDA	494,8 k €	+18.9%	416,3 k €	-16.8%	500,6 k €	-35.9%	781,4 k €	+79.9%	434,4 k €
Operating result	176,6 k €	+75.1%	100,8 k €	-52.0%	210,2 k €	-58.4%	505,3 k €	+266%	138,2 k €
Net result	81,6 k €	+160%	31,3 k €	-80.8%	162,9 k €	-55.6%	367 k €	+228%	112 k €
Balance sheet
Equity	936,8 k €	-8.6%	1 M €	-3.5%	1,1 M €	-5.5%	1,1 M €	+24.9%	899,9 k €
Total assets	5,8 M €	-2.9%	6 M €	+7.3%	5,6 M €	+17.1%	4,8 M €	+15.9%	4,1 M €
Cash	229,3 k €	+22.9%	186,6 k €	-47.0%	352,4 k €	+11.1%	317,3 k €	+16.2%	273,2 k €
Debts	4,7 M €	-1.0%	4,7 M €	+11.5%	4,2 M €	+27.6%	3,3 M €	+12.7%	3 M €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Benny Mortier	Director
MILAN INVEST0478.616.608Represented by Peter Van Hoeyveld	Managing directorDirector2015 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Albert Vanhoeyveld	Director2008 accounts
Li LI	Director2024 accounts
Viorel - Maricel Dascalu	Director2017 accounts

Other companies at this address

Nieuwstraat 28 3360 Bierbeek

Company	CBE no.
KANTOOR VRS● Active	0805.384.367
MILAN INVEST● Active	0478.616.608
Minasto● Active	1019.056.660
QMINO● Active	0899.772.988
SIMILON - DELARUELLE CONSULTING● Active	0459.293.713
Solutions● Active	0653.706.952
V.R.S. ZAKENKANTOOR● Active	0433.844.277

Full financial information

Source · NBB

	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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/12/2025	28/01/2025	24/11/2023	23/11/2022	21/01/2022	25/01/2021
General meeting	29/12/2025	30/12/2024	15/11/2023	17/11/2022	24/12/2021	04/01/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	29/12/2025	31/12/2025	Dutch	PDF
Abridged model	30/06/2024	30/12/2024	28/01/2025	Dutch	PDF
Abridged model	30/06/2023	15/11/2023	24/11/2023	Dutch	PDF
Abridged model	30/06/2022	17/11/2022	23/11/2022	Dutch	PDF
Abridged model	30/06/2021	24/12/2021	21/01/2022	Dutch	PDF
Abridged model	30/06/2020	04/01/2021	25/01/2021	Dutch	PDF
Abridged model	30/06/2019	31/12/2019	31/01/2020	Dutch	PDF
Micro model	30/06/2018	31/12/2018	23/01/2019	Dutch	PDF
Micro model	30/06/2017	29/12/2017	12/01/2018	Dutch	PDF
Abridged model	30/06/2016	27/12/2016	09/01/2017	Dutch	PDF
Abridged model	30/06/2015	15/01/2016	08/02/2016	Dutch	PDF
Abridged model	30/06/2014	30/12/2014	28/01/2015	Dutch	PDF
Abridged model	30/06/2013	18/11/2013	29/01/2014	Dutch	PDF
Abridged model	30/06/2012	31/12/2012	29/01/2013	Dutch	PDF
Abridged model	30/06/2011	26/01/2012	03/02/2012	Dutch	PDF
Abridged model	30/06/2010	10/11/2010	03/01/2011	Dutch	PDF
Abridged model	30/06/2009	28/12/2009	16/02/2010	Dutch	PDF
Abridged model	30/06/2008	17/11/2008	13/01/2009	Dutch	PDF
Abridged model	30/06/2007	19/11/2007	21/01/2008	Dutch	PDF
Abridged model	30/06/2006	20/11/2006	09/01/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

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.

Board of directors

Source · NBB, accounts to 30/06/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Benny Mortier	Director
MILAN INVEST0478.616.608Represented by Peter Van Hoeyveld	Managing directorDirector2015 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Albert Vanhoeyveld	Director2008 accounts
Li LI	Director2024 accounts
Viorel - Maricel Dascalu	Director2017 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates19/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/05/2025
MAATSCHAPPELIJKE ZETEL
PDF
Restructuring20/11/2023
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/09/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates03/02/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates13/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office16/08/2016
MAATSCHAPPELIJKE ZETEL - DIVERSEN
PDF
Registered office26/07/2016
MAATSCHAPPELIJKE ZETEL
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

MILAN INVEST

Benny Mortier

Li LI

Viorel - Maricel Dascalu

Albert Vanhoeyveld

1993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

CHALLENGE

Nieuwstraat 28, 3360 BierbeekKruisstraat 60, 3294 Molenstede

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Nieuwstraat 28, 3360 BierbeekCurrent	accounts 2025	Accounts 2025 · 2025-00593178
Kruisstraat 60, 3294 Molenstede	accounts 2022 → 2024	Accounts 2024 · 2025-00012837

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CHALLENGECurrent	accounts 2022 → 2025	Accounts 2025 · 2025-00593178

Events

2025
Annual accounts 202581,6 k €↑
2024
Annual accounts 202431,3 k €↓
2023
Annual accounts 2023162,9 k €↓
2022
Annual accounts 2022367 k €↑
2021
Annual accounts 2021112 k €↓
2020
Annual accounts 2020127,5 k €↓
2019
Annual accounts 2019145,9 k €↑
2018
Annual accounts 2018123,3 k €↓
2017
Annual accounts 2017231,3 k €↑
2016
Annual accounts 201650,5 k €↑
2015
Annual accounts 201511,6 k €↑
2014
Annual accounts 2014-45,8 k €↓
2013
Annual accounts 201311 k €↑
2012
Annual accounts 2012-27,2 k €↓
2011
Annual accounts 2011253 k €↑
2010
Annual accounts 2010-19,5 k €↓
2009
Annual accounts 2009315,3 k €↑
2008
Annual accounts 20081,8 k €↓
2007
Annual accounts 200723,8 k €
03/05/1993
IncorporationPublic limited company

CHALLENGE

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events