ACTIVE

RAMSES

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Financial year 2025 · closed on 31/12/2025

Net result

304,6 k €

+53.5% YoY

Gross margin

447,6 k €

+50.0% YoY

Equity

1,6 M €

+13.4% YoY

What does RAMSES do?

RAMSES is a Public limited company incorporated in 1994. Its main activity is: Management consultancy activities. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.147.385

Incorporation

02/02/1994

Legal form

Public limited company

Registered office

Zeehelling 2 box 11
8300 Knokke-Heist · FlandreSee on map

Contributed capital

130 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	447,6 k €	+50.0%	298,4 k €	+1.7%	293,3 k €	-42.9%	513,9 k €	+84.7%	278,3 k €	+40.0%	198,8 k €	+40.5%	141,5 k €	-5.9%	150,4 k €	-64.6%	424,6 k €	+281%	111,3 k €	-23.3%	145,2 k €	-32.6%	215,3 k €	+6.7%	201,9 k €	+67.4%	120,6 k €	-47.4%	229,4 k €	-83.9%	1,4 M €	-48.2%	2,8 M €	+66.9%	1,7 M €	+291%	423,2 k €	+4220%	9,8 k €
EBITDA	381,5 k €	+77.9%	214,5 k €	-14.3%	250,3 k €	-26.7%	341,5 k €	+45.6%	234,6 k €	+51.0%	155,3 k €	+56.5%	99,2 k €	-8.4%	108,3 k €	-71.7%	382,4 k €	+462%	68 k €	-32.7%	101,1 k €	-41.2%	172 k €	+7.7%	159,7 k €	+105%	77,9 k €	-52.2%	163,1 k €	-87.5%	1,3 M €	-51.3%	2,7 M €	+65.1%	1,6 M €	+284%	423,1 k €	+4219%	9,8 k €
Operating result	364,9 k €	+83.6%	198,8 k €	-6.6%	212,7 k €	-30.2%	304,6 k €	+44.4%	211 k €	+58.8%	132,9 k €	+73.0%	76,8 k €	-28.8%	107,8 k €	-71.7%	380,8 k €	+497%	63,8 k €	-33.3%	95,6 k €	-42.3%	165,6 k €	+9.8%	150,8 k €	+124%	67,4 k €	-53.8%	145,9 k €	-88.6%	1,3 M €	-52.1%	2,7 M €	+65.6%	1,6 M €	+291%	412,4 k €	+42706%	-968 €
Net result	304,6 k €	+53.5%	198,4 k €	+1.5%	195,5 k €	-25.4%	262,1 k €	+35.5%	193,5 k €	+33.0%	145,5 k €	+38.7%	104,9 k €	+52.7%	68,7 k €	-81.9%	378,5 k €	+382%	78,5 k €	-19.6%	97,6 k €	-48.1%	188,1 k €	+41.1%	133,3 k €	+67.4%	79,6 k €	-36.3%	124,9 k €	-89.8%	1,2 M €	-54.4%	2,7 M €	+68.5%	1,6 M €	+468%	281,2 k €	+15567%	-1,8 k €
Balance sheet
Equity	1,6 M €	+13.4%	1,4 M €	+7.1%	1,3 M €	+7.1%	1,2 M €	+8.5%	1,1 M €	+6.1%	1 M €	+1.5%	1 M €	+2.0%	1 M €	+3.0%	971,4 k €	+33.5%	727,9 k €	+1.8%	715,4 k €	+3.4%	691,7 k €	+5.8%	653,7 k €	-3.8%	679,4 k €	+3.0%	659,8 k €	+0.1%	658,9 k €	+84.9%	356,4 k €	+0.5%	354,5 k €	+0.8%	351,6 k €	+399%	70,4 k €
Total assets	2,3 M €	+12.8%	2,1 M €	+10.5%	1,9 M €	-1.9%	1,9 M €	+9.1%	1,7 M €	+30.0%	1,3 M €	-3.8%	1,4 M €	+23.0%	1,1 M €	-7.3%	1,2 M €	-8.2%	1,3 M €	-0.1%	1,3 M €	-1.7%	1,4 M €	+0.4%	1,4 M €	-4.6%	1,4 M €	-39.1%	2,3 M €	+9.3%	2,1 M €	-30.9%	3,1 M €	+52.2%	2 M €	+272%	544,5 k €	+363%	117,6 k €
Cash	732,8 k €	+291%	187,3 k €	+66.9%	112,2 k €	-67.8%	348,7 k €		–		625,3 k €	-1.2%	632,9 k €	+1926%	31,2 k €	-60.8%	79,6 k €	-67.1%	241,9 k €	-2.6%	248,5 k €	+167%	92,9 k €	-79.0%	442,7 k €	-63.7%	1,2 M €	-41.9%	2,1 M €	+11.4%	1,9 M €	-37.2%	3 M €	+128%	1,3 M €	+285%	342,3 k €		–
Debts	700,5 k €	+13.3%	618,4 k €	+21.1%	510,7 k €	-18.8%	629,3 k €	+12.0%	561,8 k €	+153%	222,4 k €	-23.6%	291,1 k €	+485%	49,8 k €	-70.3%	167,5 k €	-72.3%	604,4 k €	-2.3%	618,4 k €	-7.1%	665,5 k €	-4.7%	698 k €	-5.4%	737,8 k €	-55.8%	1,7 M €	+13.5%	1,5 M €	-46.1%	2,7 M €	+63.1%	1,7 M €	+910%	165,5 k €	+256%	46,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 14 ended

Active mandates

R. RAMMANT

Mandate · 0447.086.361

Represented by Rik Rammant

Active

Rutger Rammant

Mandate

Active

Ended mandates

ISABELLE DE ZUTTER

Director · since 03 mai 2013 · until 03 mai 2019

Ended

R. RAMMANT

Managing director · since 03 mai 2013 · until 03 mai 2019 · 0447.086.361

Represented by RIK RAMMANT

Ended

RUTGER RAMMANT

Director · since 03 mai 2013 · until 03 mai 2019

Ended

LUC RAMMANT

Director · since 08 mai 2009 · until 03 mai 2013

Ended

At this address

Other companies at this address

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ATHELEAN● Active	0430.270.521
athelean group● Active	0634.845.303
COLPAERT● Active	0413.857.725
FRANK'S● Active	0445.597.808
IDEA!● Active	1010.010.322
IMMOVELD● Active	0437.860.374
LIEGE DEVELOPPEMENT● Active	0874.677.902
POWER-STATION● Active	0633.513.928
R. RAMMANT● Active	0447.086.361
STEENSTAETE● Active	0453.934.165
V.M.E. ZEEHELLING 2 VME● Active	0850.558.455

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	18/05/2026	06/05/2025	07/05/2024	09/05/2023	23/05/2022	12/05/2021
General meeting	01/05/2026	02/05/2025	03/05/2024	05/05/2023	06/05/2022	07/05/2021
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
Micro model	31/12/2025	01/05/2026	18/05/2026	Dutch	PDF
Micro model	31/12/2024	02/05/2025	06/05/2025	Dutch	PDF
Micro model	31/12/2023	03/05/2024	07/05/2024	Dutch	PDF
Micro model	31/12/2022	05/05/2023	09/05/2023	Dutch	PDF
Micro model	31/12/2021	06/05/2022	23/05/2022	Dutch	PDF
Abridged model	31/12/2020	07/05/2021	12/05/2021	Dutch	PDF
Abridged model	31/12/2019	01/05/2020	10/05/2020	Dutch	PDF
Abridged model	31/12/2018	03/05/2019	05/06/2019	Dutch	PDF
Abridged model	31/12/2017	04/05/2018	02/06/2018	Dutch	PDF
Abridged model	31/12/2016	05/05/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	06/05/2016	14/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/05/2015	10/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/05/2014	28/07/2014	Dutch	PDF
Abridged model	31/12/2012	03/05/2013	11/06/2013	Dutch	PDF
Abridged model	31/12/2011	04/05/2012	06/06/2012	Dutch	PDF
Abridged model	31/12/2010	23/05/2011	14/07/2011	Dutch	PDF
Abridged model	31/12/2009	07/05/2010	14/07/2011	Dutch	PDF
Abridged model	31/12/2008	08/05/2009	19/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/05/2008	05/09/2008	Dutch	PDF
Abridged model	31/12/2006	04/05/2007	30/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 14 ended

Active mandates

R. RAMMANT

Mandate · 0447.086.361

Represented by Rik Rammant

Active

Rutger Rammant

Mandate

Active

Ended mandates

ISABELLE DE ZUTTER

Director · since 03 mai 2013 · until 03 mai 2019

Ended

R. RAMMANT

Managing director · since 03 mai 2013 · until 03 mai 2019 · 0447.086.361

Represented by RIK RAMMANT

Ended

RUTGER RAMMANT

Director · since 03 mai 2013 · until 03 mai 2019

Ended

LUC RAMMANT

Director · since 08 mai 2009 · until 03 mai 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/07/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/03/2010
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/07/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/03/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/08/2006
ONTSLAGEN - BENOEMINGEN
PDF
Registered office18/04/2005
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN
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 2025304,6 k €↑
2024
Annual accounts 2024198,4 k €↑
2023
Annual accounts 2023195,5 k €↓
2022
Annual accounts 2022262,1 k €↑
2021
Annual accounts 2021193,5 k €↑
2020
Annual accounts 2020145,5 k €↑
2019
Annual accounts 2019104,9 k €↑
2018
Annual accounts 201868,7 k €↓
2017
Annual accounts 2017378,5 k €↑
2016
Annual accounts 201678,5 k €↓
2015
Annual accounts 201597,6 k €↓
2014
Annual accounts 2014188,1 k €↑
2013
Annual accounts 2013133,3 k €↑
2012
Annual accounts 201279,6 k €↓
2011
Annual accounts 2011124,9 k €↓
2010
Annual accounts 20101,2 M €↓
2009
Annual accounts 20092,7 M €↑
2008
Annual accounts 20081,6 M €↑
2007
Annual accounts 2007281,2 k €↑
2006
Annual accounts 2006-1,8 k €
02/02/1994
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

RAMSES

Overview

What does RAMSES 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