ACTIVE

PHRENOS

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Financial year 2025 · closed on 31/12/2025

Net result

43,9 k €

+119.0% YoY

Gross margin

540,5 k €

+169.8% YoY

Equity

700,7 k €

+6.7% YoY

Workforce

8,7 ETP

+2.4% YoY

What does PHRENOS do?

PHRENOS is a Private limited company incorporated in 1993. Its main activity is: Management consultancy activities. Its registered office is in Bruxelles. It employs on average 8,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.838.677

Incorporation

17/09/1993

Legal form

Private limited company

Registered office

Avenue des Arts 9bis
1040 Bruxelles · BruxellesSee on map

Contributed capital

776 460,00 €

Latest accounts

31/12/2025

Average workforce

8,7 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74131Specialised design activities 82300Organisation of conventions and trade shows 82300Organisation of conventions and trade shows 73200Market research and public opinion polling+3

Joint committees (1)

Contacts

3 public details availableLog in to view

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2006
Income statement
Gross margin	540,5 k €	+170%	200,4 k €	-65.1%	574,1 k €	-10.8%	643,4 k €	+8.1%	595,2 k €	+140%	247,9 k €	-46.9%	466,4 k €	-33.7%	703,2 k €	+24.9%	563,3 k €	+11.2%	506,7 k €	+64.3%	308,4 k €	+748%	36,4 k €	-56.2%	83,1 k €	+266%	22,7 k €	-29.8%	32,4 k €	+201%	10,7 k €	+3.3%	10,4 k €	+67.6%	6,2 k €	+1275%	-528 €
EBITDA	145,2 k €	+191%	-159,7 k €	-408%	51,9 k €	-72.6%	189,4 k €	+6.9%	177,2 k €	+778%	-26,1 k €	-116%	161,6 k €	-29.9%	230,7 k €	+62.4%	142,1 k €	-38.8%	232,1 k €	+56.5%	148,3 k €	+364%	32 k €	-41.0%	54,2 k €	+164%	20,5 k €	+26.4%	16,3 k €	+54.2%	10,5 k €	+1.4%	10,4 k €	+67.6%	6,2 k €	+1275%	-528 €
Operating result	98,7 k €	+151%	-193,8 k €	-11604%	-1,7 k €	-101%	113,8 k €	+6.4%	107 k €	+170%	-152,8 k €	-468%	41,5 k €	-62.2%	109,8 k €	+27.8%	85,9 k €	-50.6%	173,9 k €	+72.3%	101 k €	+370%	21,5 k €	-52.7%	45,4 k €	+133%	19,5 k €	+29.5%	15 k €	+972%	1,4 k €	+152%	-2,7 k €	+70.3%	-9,2 k €	-1634%	-528 €
Net result	43,9 k €	+119%	-230,9 k €	-286%	-59,8 k €	-201%	59,2 k €	-20.4%	74,4 k €	+144%	-168,1 k €	-5783%	3 k €	-95.1%	60,1 k €	+24.6%	48,2 k €	-53.7%	104,1 k €	+85.6%	56,1 k €	+11027%	503,9 €	-98.7%	39,2 k €	+212%	12,6 k €	+13.6%	11,1 k €	+731%	1,3 k €	+148%	-2,8 k €	+69.5%	-9,2 k €	-1556%	-555 €
Balance sheet
Equity	700,7 k €	+6.7%	656,8 k €	+98.0%	331,7 k €	-15.3%	391,5 k €	+17.8%	332,3 k €	+473%	58 k €	-74.4%	226,1 k €	+1.3%	223,1 k €	+36.8%	163,1 k €	+42.0%	114,9 k €	+51.5%	75,8 k €	+125%	33,7 k €	+1.5%	33,2 k €	+0.0%	33,2 k €	+60.9%	20,6 k €	+32.6%	15,6 k €	+9.4%	14,2 k €	-16.4%	17 k €	+113%	8 k €
Total assets	2,8 M €	+18.3%	2,4 M €	+20.4%	2 M €	-33.3%	2,9 M €	+14.0%	2,6 M €	+111%	1,2 M €	-42.4%	2,1 M €	+14.5%	1,8 M €	+21.8%	1,5 M €	+43.8%	1,1 M €	+107%	509,2 k €	+7.1%	475,7 k €	-4.7%	499,1 k €	+677%	64,3 k €	+41.4%	45,5 k €	+8.4%	42 k €	+58.9%	26,4 k €	-32.7%	39,3 k €	-45.8%	72,4 k €
Cash	42,6 k €	-89.6%	408,8 k €	+304%	101,3 k €	-74.3%	394,4 k €	+106%	191,6 k €	-46.8%	360,2 k €	-60.8%	919,6 k €	+2005%	43,7 k €	+68.6%	25,9 k €	-31.6%	37,9 k €		–		–		30,2 k €	+1639%	1,7 k €	-93.8%	28,2 k €	+23359%	120 €	-98.0%	6,1 k €	+193%	2,1 k €	+1314%	147 €
Debts	2,1 M €	+22.9%	1,7 M €	+4.7%	1,6 M €	-36.2%	2,5 M €	+13.4%	2,2 M €	+92.6%	1,2 M €	-38.5%	1,9 M €	+16.4%	1,6 M €	+19.9%	1,4 M €	+44.0%	939,2 k €	+117%	433,4 k €	-1.9%	441,9 k €	-5.1%	465,9 k €	+1400%	31 k €	+25.1%	24,8 k €	-5.9%	26,4 k €	+117%	12,2 k €	-45.2%	22,2 k €	-65.5%	64,4 k €
Other
Workforce	8,7 ETP	+2.4%	8,5 ETP	-17.5%	10,3 ETP	+13.2%	9,1 ETP	+9.6%	8,3 ETP	+20.3%	6,9 ETP	+6.2%	6,5 ETP	-40.9%	11,0 ETP	+42.9%	7,7 ETP	+67.4%	4,6 ETP	+15.0%	4,0 ETP	+3900%	0,1 ETP	-87.5%	0,8 ETP		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

Nicolas ESGAIN

Director

Active

Ended mandates

NICOLAS ESGAIN

Manager · since 05 juin 2010

Ended

NICOLAS ESGAIN

Manager · since 01 janvier 2010 · until 31 décembre 2015

Ended

PHILIPPE ESGAIN

Manager · since 01 janvier 2010 · until 31 décembre 2015

Ended

Philippe ESGAIN

Manager · since 01 janvier 2009 · until 01 avril 2014

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	08/07/2026	31/08/2025	26/09/2024	22/06/2023	07/04/2022	17/09/2021
General meeting	18/06/2026	07/06/2025	01/06/2024	03/06/2023	23/03/2022	23/08/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/06/2026	08/07/2026	French	PDF
Abridged model	31/12/2024	07/06/2025	31/08/2025	French	PDF
Abridged model	31/12/2023	01/06/2024	26/09/2024	French	PDF
Abridged model	31/12/2022	03/06/2023	22/06/2023	French	PDF
Abridged model	31/12/2021	23/03/2022	07/04/2022	French	PDF
Abridged model	31/12/2020	23/08/2021	17/09/2021	French	PDF
Abridged modelCorrection	31/12/2019	06/06/2020	03/11/2020	French	PDF
Abridged model	31/12/2019	06/06/2020	18/09/2020	French	PDF
Abridged model	31/12/2018	01/06/2019	12/07/2019	French	PDF
Abridged model	31/12/2017	02/06/2018	06/07/2018	French	PDF
Abridged model	31/12/2016	03/06/2017	29/06/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	06/09/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	19/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	27/08/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	29/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	26/07/2010	French	PDF
Abridged modelCorrection	31/12/2008	31/05/2009	10/05/2012	French	PDF
Abridged model	31/12/2008	30/06/2009	24/07/2009	French	PDF
Abridged model	31/12/2006	04/05/2007	18/07/2007	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

Nicolas ESGAIN

Director

Active

Ended mandates

NICOLAS ESGAIN

Manager · since 05 juin 2010

Ended

NICOLAS ESGAIN

Manager · since 01 janvier 2010 · until 31 décembre 2015

Ended

PHILIPPE ESGAIN

Manager · since 01 janvier 2010 · until 31 décembre 2015

Ended

Philippe ESGAIN

Manager · since 01 janvier 2009 · until 01 avril 2014

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/02/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Registered office07/04/2022
SIEGE SOCIAL
PDF
Mandates25/02/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Registered office15/10/2015
SIEGE SOCIAL
PDF
Mandates09/02/2015
DENOMINATION - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates06/09/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates30/10/2009
SIEGE SOCIAL - 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 202543,9 k €↑
2024
Annual accounts 2024-230,9 k €↓
2023
Annual accounts 2023-59,8 k €↓
2022
Annual accounts 202259,2 k €↓
2021
Annual accounts 202174,4 k €↑
2020
Annual accounts 2020-168,1 k €↓
2019
Annual accounts 20193 k €↓
2018
Annual accounts 201860,1 k €↑
2017
Annual accounts 201748,2 k €↓
2016
Annual accounts 2016104,1 k €↑
2015
Annual accounts 201556,1 k €↑
2014
Annual accounts 2014503,9 €↓
2013
Annual accounts 201339,2 k €↑
2012
Annual accounts 201212,6 k €↑
2011
Annual accounts 201111,1 k €↑
2010
Annual accounts 20101,3 k €↑
2009
Annual accounts 2009-2,8 k €↑
2008
Annual accounts 2008-9,2 k €↓
2006
Annual accounts 2006-555 €
17/09/1993
IncorporationPrivate 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

PHRENOS

Overview

What does PHRENOS do?

Trend over 19 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