ACTIVE

SUMRESEARCH

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Financial year 2025 · closed on 31/12/2025

Net result

249,1 €

-74.2% YoY

Gross margin

250,9 k €

+19.3% YoY

Equity

2,3 k €

+12.0% YoY

Workforce

3,0 ETP

-16.7% YoY

What does SUMRESEARCH do?

SUMRESEARCH is a Public limited company incorporated in 1994. Its main activity is: Architectural activities. Its registered office is in Bruxelles. It employs on average 3,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.010.181

Incorporation

13/12/1994

Legal form

Public limited company

Registered office

Boulevard de Waterloo 90
1000 Bruxelles · BruxellesSee on map

Contributed capital

409 024,32 €

Latest accounts

31/12/2025

Average workforce

3,0 ETP

Activities (NACE)

71111Architectural activities· main 71111Architectural activities 73200Market research and public opinion polling 73200Market research and public opinion polling 74132Specialised design activities 74201Photographic activities

Joint committees (2)

Signals

Profitable

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008		2007		2006
Income statement
Gross margin	250,9 k €	+19.3%	210,3 k €	-23.8%	276,2 k €	+2.1%	270,4 k €	+2.5%	263,9 k €	+9.4%	241,3 k €	+169%	-348,2 k €	-264%	212,7 k €	-39.2%	349,9 k €	-6.1%	372,7 k €	-26.8%	509,4 k €	-13.4%	588,3 k €	+16.1%	506,9 k €	+31.7%	384,8 k €	-42.2%	665,7 k €	-3.7%	691,3 k €	-20.5%	869,8 k €
EBITDA	-140,2 k €	-930%	16,9 k €	+230%	5,1 k €	+54.2%	3,3 k €	+95.1%	1,7 k €	-94.9%	33,1 k €	+106%	-545,6 k €	-4417%	12,6 k €	+426%	-3,9 k €	-111%	36,8 k €	-57.6%	86,8 k €	+2129%	-4,3 k €	-110%	44,4 k €	+210%	14,3 k €	-84.6%	93,1 k €	+196%	31,4 k €	+8.2%	29 k €
Operating result	47 k €	+179%	16,9 k €	+230%	5,1 k €	+54.2%	3,3 k €	+95.1%	1,7 k €	-94.8%	32,6 k €	+106%	-546,1 k €	-4600%	12,1 k €	+251%	-8 k €	-131%	26 k €	-62.1%	68,6 k €	+1029%	-7,4 k €	-118%	40,6 k €	+332%	-17,5 k €	-128%	63,3 k €	+263%	17,4 k €	-35.8%	27,1 k €
Net result	249,1 €	-74.2%	963,9 €	+11.9%	861,2 €	-10.5%	962,7 €	+195%	-1 k €	-108%	12,8 k €	+103%	-511,9 k €	-2315%	-21,2 k €	-297%	10,8 k €	-62.7%	28,9 k €	-46.3%	53,9 k €	+550%	-12 k €	-129%	42 k €	+295%	-21,5 k €	-166%	32,6 k €	+1995%	-1,7 k €	-106%	27,3 k €
Balance sheet
Equity	2,3 k €	+12.0%	2,1 k €	+86.1%	1,1 k €	+333%	258,5 €	+137%	-704,3 €	+85.6%	-4,9 k €	+72.4%	-17,7 k €	-104%	494,2 k €	-4.1%	515,4 k €	+2.1%	504,6 k €	+6.1%	475,7 k €	+12.8%	421,8 k €	-2.8%	433,8 k €	+13.9%	380,9 k €	-5.3%	402,4 k €	+8.8%	369,7 k €	-0.5%	371,4 k €
Total assets	358 k €	+43.7%	249,1 k €	-13.3%	287,4 k €	-11.5%	324,9 k €	+29.5%	251 k €	-33.8%	379,3 k €	-42.7%	661,6 k €	-60.0%	1,7 M €	-3.7%	1,7 M €	+18.2%	1,5 M €	+7.2%	1,4 M €	+16.2%	1,2 M €	-17.3%	1,4 M €	+14.9%	1,2 M €	-33.8%	1,9 M €	-2.7%	1,9 M €	+10.8%	1,7 M €
Cash	–		–		0 €	-100%	271,1 €	-98.9%	23,9 k €	+111%	11,3 k €	-19.7%	14,1 k €	-74.5%	55,3 k €	-7.9%	60,1 k €	-23.4%	78,4 k €	-28.5%	109,8 k €	+23.4%	89 k €	-44.3%	159,8 k €	+61.0%	99,2 k €	+14.8%	86,4 k €	-53.3%	185,3 k €	-31.1%	268,9 k €
Debts	355,6 k €	+44.0%	247 k €	-13.7%	286,3 k €	-11.8%	324,6 k €	+29.0%	251,7 k €	-34.5%	384,2 k €	-43.4%	679,3 k €	-41.4%	1,2 M €	-3.5%	1,2 M €	+26.8%	948,2 k €	+7.8%	879,8 k €	+18.2%	744,5 k €	-23.8%	977,4 k €	+18.0%	828,3 k €	-42.9%	1,4 M €	-5.3%	1,5 M €	+13.5%	1,3 M €
Other
Workforce	3,0 ETP	-16.7%	3,6 ETP	0.0%	3,6 ETP	0.0%	3,6 ETP		–		2,6 ETP	0.0%	2,6 ETP	0.0%	2,6 ETP	-49.0%	5,1 ETP	+2.0%	5,0 ETP	-28.6%	7,0 ETP	-34.0%	10,6 ETP	+27.7%	8,3 ETP	+13.7%	7,3 ETP	-35.4%	11,3 ETP	-17.5%	13,7 ETP	-12.2%	15,6 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 · 33 ended

Active mandates

Paul Lievevrouw

Director · since 25 septembre 2019 · until 26 mai 2031

Active

Ended mandates

Paul Lievevrouw

Director · since 25 septembre 2019 · until 26 mai 2025

Ended

Jean+Pierre Mariën

Mandate · since 25 avril 2019 · until 24 avril 2026

Ended

Lievevrouw Paul

Director · since 25 avril 2019 · until 24 avril 2025

Ended

Mariën Jean-Pierre

Director · since 25 avril 2019 · until 24 avril 2025

Ended

At this address

Other companies at this address

Company	CBE no.
ATELIER 90● Active	0453.959.010
Bureaux techniques et commerciaux● Liquidation	0405.916.888
CERCLE DES ETUDIANTS EN MEDECINE DE L'U.L.B.● Active	0431.195.682
SUMPROJECT ARCHITECTURE & ENGINEERING● Active	0422.525.565
SumProject - Barbara Van der Wee Architects● Active	0775.612.988

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged 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	25/06/2026	12/06/2025	27/05/2024	30/11/2023	04/11/2022	06/07/2021
General meeting	11/06/2026	26/05/2025	08/05/2024	07/07/2023	12/07/2022	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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	11/06/2026	25/06/2026	Dutch	PDF
Abridged model	31/12/2024	26/05/2025	12/06/2025	Dutch	PDF
Abridged model	31/12/2023	08/05/2024	27/05/2024	Dutch	PDF
Abridged model	31/12/2022	07/07/2023	30/11/2023	Dutch	PDF
Micro model	31/12/2021	12/07/2022	04/11/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	06/07/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	08/10/2020	Dutch	PDF
Abridged model	31/12/2018	25/09/2019	19/11/2019	Dutch	PDF
Abridged model	31/12/2017	07/11/2018	08/11/2018	Dutch	PDF
Abridged model	31/12/2016	08/09/2017	11/09/2017	Dutch	PDF
Abridged model	31/12/2015	25/04/2016	02/06/2016	Dutch	PDF
Abridged model	31/12/2014	27/04/2015	19/06/2015	Dutch	PDF
Abridged model	31/12/2013	28/04/2014	19/05/2014	Dutch	PDF
Abridged model	31/12/2012	24/06/2013	14/10/2013	Dutch	PDF
Abridged model	31/12/2011	18/06/2012	12/07/2012	Dutch	PDF
Abridged model	31/12/2010	24/05/2011	08/08/2011	Dutch	PDF
Abridged model	31/12/2009	27/04/2010	27/09/2010	Dutch	PDF
Abridged model	31/12/2008	17/04/2009	21/08/2009	Dutch	PDF
Abridged model	31/12/2007	18/04/2008	30/09/2008	Dutch	PDF
Abridged model	31/12/2006	20/04/2007	29/08/2007	Dutch	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 · 33 ended

Active mandates

Paul Lievevrouw

Director · since 25 septembre 2019 · until 26 mai 2031

Active

Ended mandates

Paul Lievevrouw

Director · since 25 septembre 2019 · until 26 mai 2025

Ended

Jean+Pierre Mariën

Mandate · since 25 avril 2019 · until 24 avril 2026

Ended

Lievevrouw Paul

Director · since 25 avril 2019 · until 24 avril 2025

Ended

Mariën Jean-Pierre

Director · since 25 avril 2019 · until 24 avril 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/02/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/04/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/05/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/10/2013
ONTSLAGEN - BENOEMINGEN
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 2025249,1 €↓
2024
Annual accounts 2024963,9 €↑
2023
Annual accounts 2023861,2 €↓
2022
Annual accounts 2022962,7 €↑
2021
Annual accounts 2021-1 k €↓
2021
Name changeSUM Research
2018
Annual accounts 201812,8 k €↑
2017
Annual accounts 2017-511,9 k €↓
2016
Annual accounts 2016-21,2 k €↓
2015
Annual accounts 201510,8 k €↓
2014
Annual accounts 201428,9 k €↓
2013
Annual accounts 201353,9 k €↑
2012
Annual accounts 2012-12 k €↓
2011
Annual accounts 201142 k €↑
2009
Annual accounts 2009-21,5 k €↓
2008
Annual accounts 200832,6 k €↑
2007
Annual accounts 2007-1,7 k €↓
2006
Annual accounts 200627,3 k €
2006
Name changeSUMRESEARCH
13/12/1994
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

SUMRESEARCH

Overview

What does SUMRESEARCH do?

Trend over 17 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