ACTIVE

ASSOCIATION DES GRANDS VOYAGEURS- VERENIGING VOOR GROTE REIZIGERS

Financial year 2025 · closed on 31/12/2025
Net result
394,9 k €
+55.2% YoY
Gross margin
1,5 M €
-14.5% YoY
Equity
316,5 k €
-71.8% YoY
Workforce
20,0 ETP
-7.4% YoY

What does ASSOCIATION DES GRANDS VOYAGEURS- VERENIGING VOOR GROTE REIZIGERS do?

ASSOCIATION DES GRANDS VOYAGEURS- VERENIGING VOOR GROTE REIZIGERS is a Public limited company incorporated in 1994. Its registered office is in Ixelles. It employs on average 20,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0453.040.478
Incorporation
05/07/1994
Legal form
Public limited company
Registered office
Rue César Franck 44
1050 Ixelles · BruxellesSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
20,0 ETP
Joint committees (1)
  • 200
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin1,5 M €1,7 M €120,6 k €1,2 M €1,4 M €896,3 k €1,1 M €1,3 M €1,5 M €888,7 k €
EBITDA282,2 k €291,9 k €168,3 k €94,2 k €-376,7 k €-448,1 k €138 k €477,8 k €757,1 k €664,6 k €624,6 k €684 k €589,1 k €580,8 k €472,9 k €645,3 k €878,1 k €1,3 M €704,6 k €
Operating result258,6 k €268,3 k €143,3 k €48,2 k €-429 k €-525,1 k €59,9 k €394,5 k €670,7 k €580,2 k €544,1 k €604,7 k €513,4 k €496,5 k €382,8 k €550,9 k €767,8 k €1,2 M €645,7 k €
Net result394,9 k €254,5 k €206,2 k €30 k €-449,8 k €-533,8 k €-5,5 k €237,9 k €383,3 k €364,7 k €325,3 k €416,8 k €305,3 k €295,6 k €234,7 k €333,9 k €491 k €800,9 k €421,3 k €
Balance sheet
Equity316,5 k €1,1 M €867,1 k €660,9 k €630,9 k €1,1 M €1,6 M €1,6 M €1,4 M €998,8 k €984 k €956,7 k €876,9 k €900,7 k €790,1 k €789,4 k €555,4 k €554,4 k €403,6 k €
Total assets4,1 M €4,4 M €3,4 M €4,2 M €3,8 M €3,7 M €4,7 M €3,8 M €3,4 M €3,4 M €3,3 M €3,2 M €3,1 M €2,8 M €2,8 M €2,5 M €2,4 M €3,5 M €3,2 M €
Cash218,8 k €238,7 k €181 k €274,9 k €485,9 k €426,9 k €917,8 k €1,5 M €2,1 M €1,9 M €2 M €1,7 M €1,7 M €1 M €1,4 M €1,4 M €904,9 k €605,1 k €487,7 k €
Debts3,7 M €3,3 M €2,4 M €3,3 M €3 M €2,6 M €2 M €1,6 M €1,3 M €1,8 M €1,6 M €1,5 M €1,7 M €1,4 M €1,3 M €1,2 M €1,4 M €1,8 M €1,5 M €
Other
Workforce20,0 ETP21,6 ETP17,2 ETP21,2 ETP21,0 ETP21,4 ETP17,6 ETP15,7 ETP13,5 ETP12,8 ETP13,9 ETP13,1 ETP12,6 ETP11,2 ETP9,8 ETP9,5 ETP7,8 ETP6,6 ETP7,2 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 · 6 active · 37 ended

Active mandates

MAJA

Director · since 01 juin 2026 · until 19 mars 2030 · 0456.241.874

Represented by Patrice Le Hodey

Active
MAJA Group

Director · since 01 juin 2026 · until 19 mars 2030 · 1031.340.622

Represented by François Le Hodey

Active
Axemédia

Director · since 03 juin 2024 · until 01 juin 2026 · 0439.503.238

Represented by Patrice LE Hodey

Active
BSCOVERY

Director · since 03 juin 2024 · until 19 mars 2030 · 0475.918.820

Represented by Philippe Le Hodey

Active
IPM Group

Director · since 03 juin 2024 · until 01 juin 2026 · 0403.508.716

Represented by François Le Hodey

Active
Travel Services & Management

Managing director · since 03 juin 2024 · until 19 mars 2030 · 0688.697.822

Represented by Hervé Ollagnier

Active

Ended mandates

Axemédia

Mandate · since 31 juillet 2018 · until 20 mars 2024 · 0439.503.238

Represented by Patrice Le HODEY

Ended
Axemédia

Director · since 31 juillet 2018 · until 20 mars 2024 · 0439.503.238

Represented by Patrice Le HODEY

Ended
Axemédia

Director · since 31 juillet 2018 · until 19 mars 2030 · 0439.503.238

Represented by Patrice LE Hodey

Ended
BSCOVERY

Director · since 31 juillet 2018 · until 20 mars 2019 · 0475.918.820

Represented by Philippe Le HODEY

Ended
At this address

Other companies at this address

Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelFull modelFull modelFull modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/07/202601/07/202522/07/202428/07/202303/08/202230/07/2021
General meeting29/06/202603/06/202503/06/202427/06/202330/06/202223/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/06/202627/07/2026FrenchPDF
Abridged model31/12/202403/06/202501/07/2025FrenchPDF
Full model31/12/202303/06/202422/07/2024FrenchPDF
Full model31/12/202227/06/202328/07/2023FrenchPDF
Full model31/12/202130/06/202203/08/2022FrenchPDF
Abridged model31/12/202023/06/202130/07/2021FrenchPDF
Abridged model31/12/201924/06/202016/07/2020FrenchPDF
Abridged model31/12/201806/06/201903/07/2019FrenchPDF
Full model31/12/201720/03/201803/05/2018FrenchPDF
Full model31/12/201621/03/201710/05/2017FrenchPDF
Full model31/12/201509/06/201606/07/2016FrenchPDF
Full model31/12/201408/06/201515/06/2015FrenchPDF
Full model31/12/201318/03/201416/04/2014FrenchPDF
Full model31/12/201219/03/201317/04/2013FrenchPDF
Abridged model31/12/201120/03/201222/03/2012FrenchPDF
Abridged model31/12/201026/04/201118/05/2011FrenchPDF
Abridged model31/12/200930/03/201008/04/2010FrenchPDF
Abridged model30/09/200803/02/200920/02/2009FrenchPDF
Abridged model30/09/200718/01/200815/02/2008FrenchPDF
Abridged model31/12/200608/03/200729/03/2007FrenchPDF
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 · 6 active · 37 ended

Active mandates

MAJA

Director · since 01 juin 2026 · until 19 mars 2030 · 0456.241.874

Represented by Patrice Le Hodey

Active
MAJA Group

Director · since 01 juin 2026 · until 19 mars 2030 · 1031.340.622

Represented by François Le Hodey

Active
Axemédia

Director · since 03 juin 2024 · until 01 juin 2026 · 0439.503.238

Represented by Patrice LE Hodey

Active
BSCOVERY

Director · since 03 juin 2024 · until 19 mars 2030 · 0475.918.820

Represented by Philippe Le Hodey

Active
IPM Group

Director · since 03 juin 2024 · until 01 juin 2026 · 0403.508.716

Represented by François Le Hodey

Active
Travel Services & Management

Managing director · since 03 juin 2024 · until 19 mars 2030 · 0688.697.822

Represented by Hervé Ollagnier

Active

Ended mandates

Axemédia

Mandate · since 31 juillet 2018 · until 20 mars 2024 · 0439.503.238

Represented by Patrice Le HODEY

Ended
Axemédia

Director · since 31 juillet 2018 · until 20 mars 2024 · 0439.503.238

Represented by Patrice Le HODEY

Ended
Axemédia

Director · since 31 juillet 2018 · until 19 mars 2030 · 0439.503.238

Represented by Patrice LE Hodey

Ended
BSCOVERY

Director · since 31 juillet 2018 · until 20 mars 2019 · 0475.918.820

Represented by Philippe Le HODEY

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other09/09/2026
    5. CONFIRMATION DE LA COOPTATION DE NOUVEAUX
    PDF
  • Mandates10/07/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other15/12/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates27/09/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/08/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/12/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/10/2018
    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

Timeline

  1. 2025
    Annual accounts 2025394,9 k €
  2. 2024
    Annual accounts 2024254,5 k €
  3. 2023
    Annual accounts 2023206,2 k €
  4. 2022
    Annual accounts 202230 k €
  5. 2021
    Annual accounts 2021-449,8 k €
  6. 2021
    Name changeADGV
  7. 2020
    Annual accounts 2020-533,8 k €
  8. 2019
    Annual accounts 2019-5,5 k €
  9. 2018
    Annual accounts 2018237,9 k €
  10. 2017
    Annual accounts 2017383,3 k €
  11. 2016
    Annual accounts 2016364,7 k €
  12. 2015
    Annual accounts 2015325,3 k €
  13. 2014
    Annual accounts 2014416,8 k €
  14. 2013
    Annual accounts 2013305,3 k €
  15. 2012
    Annual accounts 2012295,6 k €
  16. 2011
    Annual accounts 2011234,7 k €
  17. 2010
    Annual accounts 2010333,9 k €
  18. 2009
    Annual accounts 2009491 k €
  19. 2008
    Annual accounts 2008800,9 k €
  20. 2007
    Annual accounts 2007421,3 k €
  21. 2007
    Name changeASSOCIATION DES GRANDS VOYAGEURS- VERENIGING VOOR GROTE REIZIGERS
  22. 05/07/1994
    IncorporationPublic limited company