ACTIVE

IN ADVANCE

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Financial year 2025 · Closed on 31/12/2025

Net result2,6 M €+48,5 %over 1 year

Revenue62,3 M €+1,8 %over 1 year

Equity12 M €+28,2 %over 1 year

Workforce119,0 ETP-4,8 %over 1 year

Identity

Source · BCE/KBO

IN ADVANCE is a Public limited company incorporated in 1993. Its registered office is in Bruxelles. It employs on average 119,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0450.538.571
Incorporation: 29/06/1993
Legal form: Public limited company
Registered office: Rue de la Grenouillette 2 box E
1130 Bruxelles · BruxellesSee on map
Contributed capital: 225 000,00 €
Latest accounts: 31/12/2025
Average workforce: 119,0 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 35 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	62,3 M €	+1.8%	61,2 M €	+34.9%	45,4 M €	-12.4%	51,8 M €	+20.8%	42,9 M €
EBITDA	6,2 M €	+130%	2,7 M €	+119%	1,2 M €	+285%	-659,5 k €	-171%	925,5 k €
Operating result	3,6 M €	+42.3%	2,5 M €	+131%	1,1 M €	-0.1%	1,1 M €	+40.6%	782,5 k €
Net result	2,6 M €	+48.5%	1,8 M €	+140%	740 k €	-6.6%	792,6 k €	+25.6%	630,9 k €
Balance sheet
Equity	12 M €	+28.2%	9,3 M €	+1.9%	9,2 M €	+3.8%	8,8 M €	+3.4%	8,5 M €
Total assets	35,9 M €	+2.1%	35,2 M €	+29.9%	27,1 M €	-6.5%	29 M €	-12.1%	33 M €
Cash	2,5 M €	-54.0%	5,4 M €	+282%	1,4 M €	-55.0%	3,1 M €	-24.2%	4,1 M €
Debts	23,7 M €	-7.9%	25,7 M €	+44.6%	17,8 M €	-10.9%	20 M €	-10.7%	22,4 M €
Other
Workforce	119,0 ETP	-4.8%	125,0 ETP	-0.8%	126,0 ETP	-3.4%	130,5 ETP	-2.0%	133,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Catherine Laurent

Director · since 12 décembre 2023 · until 12 décembre 2029

Active

Philippe De Blauwe

Managing director · since 12 décembre 2023 · until 12 décembre 2029

Active

Ended mandates

Catherine Laurent

Mandate

Ended

Philippe De Blauwe

Mandate

Ended

Roger De Blauwe

Mandate

Ended

Other companies at this address

Rue de la Grenouillette 2 1130 Bruxelles

Company	CBE no.
BB GOVERNMENT SERVICES GMBH● Active	0640.988.272
S.M. BELGOLAISE● Active	0725.924.244
SM IN ADVANCE-BPC "BOULODROME"● Active	0703.979.874
S.M. JACQUES DELENS - IN ADVANCE● Active	0553.569.991
SOCIETE PATRIMONIALE D'ADMINISTRATION DES BATIMENTS SCOLAIRES DU RESEAU LIBRE NON CONFESSIONNEL DES ECOLES NON AFFILIEES DE LA FEDERATION WALLONIE-BRUXELLES● Active	0768.397.178
SSM LA SAGESSE● Active	1016.596.820
SS Refresh i3327● Active	1022.738.603
THV IN ADVANCE-BRUSSELS CONCRETE● Active	0848.444.647

Full financial information

Source · NBB

	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	02/07/2026	04/06/2025	14/11/2024	29/06/2023	01/07/2022	15/07/2021
General meeting	04/06/2026	04/06/2025	25/06/2024	26/06/2023	30/06/2022	30/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 35 filings

Model	Closing	General meeting	Filed	Language	Document
Full modelCorrection	31/12/2025	04/06/2026	02/07/2026	French	PDF
Full model	31/12/2025	04/06/2026	15/06/2026	French	PDF
Full model	31/12/2024	04/06/2025	04/06/2025	French	PDF
Full modelCorrection	31/12/2023	25/06/2024	14/11/2024	French	PDF
Full model	31/12/2023	25/06/2024	27/06/2024	French	PDF
Full model	31/12/2022	26/06/2023	29/06/2023	French	PDF
Full model	31/12/2021	30/06/2022	01/07/2022	French	PDF
Full model	31/12/2020	30/06/2021	15/07/2021	French	PDF
Full model	31/12/2019	30/06/2020	14/07/2020	French	PDF
Full model	31/12/2018	29/06/2019	24/07/2019	French	PDF
Full model	31/12/2017	29/06/2018	11/07/2018	French	PDF
Full model	31/12/2016	30/06/2017	10/07/2017	French	PDF
Full model	31/12/2015	30/06/2016	06/07/2016	French	PDF
Full model	31/12/2014	30/06/2015	17/07/2015	French	PDF
Full model	31/12/2013	30/06/2014	18/07/2014	French	PDF
Full model	31/12/2012	28/06/2013	08/07/2013	French	PDF
Full model	31/12/2011	15/06/2012	29/06/2012	French	PDF
Full model	31/12/2010	30/06/2011	30/06/2011	French	PDF
Full model	31/12/2009	30/06/2010	30/06/2010	French	PDF
Full model	31/12/2008	26/06/2009	29/06/2009	French	PDF
Full model	31/12/2007	30/06/2008	11/07/2008	French	PDF
Full model	31/12/2006	29/06/2007	12/07/2007	French	PDF
Full model	31/12/2005	30/06/2006	17/07/2006	French	PDF
Full model	31/12/2004	16/06/2005	28/06/2005	French	PDF

View all 35 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Catherine Laurent

Director · since 12 décembre 2023 · until 12 décembre 2029

Active

Philippe De Blauwe

Managing director · since 12 décembre 2023 · until 12 décembre 2029

Active

Ended mandates

Catherine Laurent

Mandate

Ended

Philippe De Blauwe

Mandate

Ended

Roger De Blauwe

Mandate

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other26/09/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates22/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates20/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates29/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates11/03/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates13/04/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates09/02/2016
DEMISSIONS, NOMINATIONS
PDF
Capital / shares04/04/2013
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 20252,6 M €↑
2024
Annual accounts 20241,8 M €↑
2023
Annual accounts 2023740 k €↓
2022
Annual accounts 2022792,6 k €↑
2021
Annual accounts 2021630,9 k €↑
2020
Annual accounts 2020-1,7 M €↓
2019
Annual accounts 2019229,7 k €↓
2018
Annual accounts 2018271,4 k €↓
2017
Annual accounts 2017768,5 k €↑
2016
Annual accounts 2016739,6 k €↑
2015
Annual accounts 2015545,1 k €↑
2014
Annual accounts 2014338,7 k €↑
2013
Annual accounts 2013156,5 k €↑
2012
Annual accounts 201263,2 k €↓
2011
Annual accounts 2011335,9 k €↓
2010
Annual accounts 20101,5 M €↑
2009
Annual accounts 2009383,5 k €↓
2008
Annual accounts 2008427,9 k €↑
2007
Annual accounts 2007164,3 k €↓
2006
Annual accounts 20061,5 M €
29/06/1993
IncorporationPublic limited company

IN ADVANCE

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