ACTIVE

S MANAGEMENT

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Financial year 2025 · closed on 31/12/2025

Net result

10,5 k €

-27.7% YoY

Gross margin

219,8 k €

+16.9% YoY

Equity

1,1 M €

+0.9% YoY

What does S MANAGEMENT do?

S MANAGEMENT is a Private limited company incorporated in 1994. Its main activity is: Management consultancy activities. Its registered office is in Waterloo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.091.345

Incorporation

19/12/1994

Legal form

Private limited company

Registered office

Avenue des Lilas 75
1410 Waterloo · WallonieSee on map

Contributed capital

596 425,34 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 70311Activities of head offices; management consultancy activities 68310Real estate agencies 68311Real estate agencies

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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		2012		2011		2010		2009		2008
Income statement
Gross margin	219,8 k €	+16.9%	188,1 k €	+4.4%	180,1 k €	-11.5%	203,6 k €	+11.9%	182 k €	+4.4%	174,3 k €	-23.3%	227,4 k €	+32.0%	172,3 k €	-7.8%	186,9 k €	-2.9%	192,4 k €	-3.7%	199,7 k €	-4.8%	209,9 k €	-15.3%	247,9 k €	+48.4%	167 k €	-6.1%	177,9 k €	-23.0%	230,9 k €	+15.0%	200,8 k €	-45.5%	368,1 k €	+91.6%	192,1 k €
EBITDA	200,6 k €	+14.0%	176 k €	+3.5%	170,1 k €	-10.4%	189,8 k €	+16.7%	162,6 k €	+2.2%	159,1 k €	-25.0%	212,1 k €	+49.7%	141,7 k €	+155%	55,7 k €	-68.6%	177,5 k €	-4.1%	185,1 k €	+18.4%	156,4 k €	-16.9%	188,1 k €	+47.1%	127,8 k €	-7.4%	138 k €	-26.7%	188,3 k €	+15.1%	163,6 k €	-50.3%	329,1 k €	+101%	163,7 k €
Operating result	83,3 k €	+41.3%	59 k €	+25.2%	47,1 k €	-31.5%	68,7 k €	+62.6%	42,2 k €	+12.2%	37,6 k €	-59.8%	93,7 k €	+102%	46,5 k €	+460%	-12,9 k €	-114%	91,1 k €	-6.9%	97,8 k €	+47.5%	66,3 k €	-29.9%	94,6 k €	+64.2%	57,6 k €	+4.6%	55,1 k €	-41.5%	94,2 k €	+18.8%	79,3 k €	-67.8%	246,1 k €	+199%	82,4 k €
Net result	10,5 k €	-27.7%	14,6 k €	+41.5%	10,3 k €	-9.4%	11,4 k €	+121%	5,1 k €	+230%	-4 k €	-105%	81,5 k €	+13351%	605,9 €	+102%	-34,1 k €	-105%	700,5 k €	+1752%	37,8 k €	+124%	16,9 k €	-67.5%	51,8 k €	+73.8%	29,8 k €	+34.6%	22,2 k €	-60.1%	55,5 k €	+21.2%	45,8 k €	-77.1%	200,2 k €	+1146%	16,1 k €
Balance sheet
Equity	1,1 M €	+0.9%	1,1 M €	+1.3%	1,1 M €	+0.9%	1,1 M €	-3.0%	1,1 M €	-9.9%	1,3 M €	-7.0%	1,4 M €	+0.5%	1,3 M €	+0.0%	1,3 M €	-2.5%	1,4 M €	+81.8%	758,7 k €	+0.4%	755,9 k €	-0.4%	759,1 k €	+1.6%	747,2 k €	+24.9%	598,4 k €	-0.5%	601,2 k €	-9.8%	666,3 k €	-0.6%	670,6 k €	+41.1%	475,3 k €
Total assets	2,1 M €	-6.4%	2,3 M €	-9.1%	2,5 M €	-8.0%	2,7 M €	-7.9%	3 M €	-5.3%	3,1 M €	-6.4%	3,3 M €	-3.1%	3,4 M €	+28.6%	2,7 M €	-6.3%	2,9 M €	+25.0%	2,3 M €	-2.7%	2,4 M €	-5.1%	2,5 M €	+5.0%	2,4 M €	+45.7%	1,6 M €	+0.3%	1,6 M €	+0.3%	1,6 M €	-1.0%	1,6 M €	-11.3%	1,8 M €
Cash	27 k €	-70.1%	90,1 k €	+178%	32,5 k €	-89.5%	309,5 k €	-28.4%	432,5 k €	-16.6%	518,3 k €	-13.3%	597,9 k €	+43.0%	418,2 k €	-37.2%	666,3 k €	+14766%	4,5 k €	-81.7%	24,4 k €	+51.2%	16,2 k €	+45.0%	11,1 k €	+15.1%	9,7 k €	-81.6%	52,6 k €	+234%	15,7 k €	-40.6%	26,5 k €	+653%	3,5 k €	-39.6%	5,8 k €
Debts	971,4 k €	-13.6%	1,1 M €	-17.6%	1,4 M €	-14.2%	1,6 M €	-11.0%	1,8 M €	-2.2%	1,8 M €	-5.2%	1,9 M €	-5.5%	2 M €	+60.1%	1,3 M €	-10.1%	1,4 M €	-4.3%	1,5 M €	-4.3%	1,5 M €	-7.4%	1,7 M €	+7.4%	1,6 M €	+62.0%	960,3 k €	+1.0%	950,5 k €	+0.4%	946,9 k €	-1.3%	959 k €	-29.6%	1,4 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	-20.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+100%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

BENEDICTE BOON

Managing director · since 11 juin 2020

Active

Ended mandates

BENEDICTE BOON

Director

Ended

BENEDICTE BOON

Managing director

Ended

BENEDICTE BOON

Administrator - manager

Ended

BENEDICTE BOON

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
CHAJUMA● Active	0786.394.935
Michel SCHOLASSE● Active	0870.638.841

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	31/08/2026	08/08/2025	30/08/2024	31/08/2023	29/08/2022	29/09/2021
General meeting	28/08/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	22/09/2021
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	28/08/2026	31/08/2026	French	PDF
Micro model	31/12/2024	30/06/2025	08/08/2025	French	PDF
Micro model	31/12/2023	30/06/2024	30/08/2024	French	PDF
Micro model	31/12/2022	30/06/2023	31/08/2023	French	PDF
Micro model	31/12/2021	30/06/2022	29/08/2022	French	PDF
Micro model	31/12/2020	22/09/2021	29/09/2021	French	PDF
Abridged model	31/12/2019	30/11/2020	30/11/2020	French	PDF
Abridged model	31/12/2018	31/10/2019	31/10/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	30/09/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	26/09/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	29/07/2015	24/08/2015	French	PDF
Abridged model	31/12/2013	31/08/2014	30/09/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	21/08/2013	French	PDF
Abridged model	31/03/2012	12/09/2012	31/10/2012	French	PDF
Abridged model	31/03/2011	23/12/2011	30/12/2011	French	PDF
Abridged model	31/03/2010	30/06/2010	31/10/2010	French	PDF
Abridged model	31/03/2009	21/09/2009	11/12/2009	French	PDF
Abridged model	31/03/2008	15/09/2008	30/11/2008	French	PDF
Abridged model	31/03/2007	17/06/2007	05/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 active · 4 ended

Active mandates

BENEDICTE BOON

Managing director · since 11 juin 2020

Active

Ended mandates

BENEDICTE BOON

Director

Ended

BENEDICTE BOON

Managing director

Ended

BENEDICTE BOON

Administrator - manager

Ended

BENEDICTE BOON

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/06/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Other26/04/2013
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Restructuring28/01/2013
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring10/10/2012
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Capital / shares30/05/2005
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202510,5 k €↓
2024
Annual accounts 202414,6 k €↑
2023
Annual accounts 202310,3 k €↓
2022
Annual accounts 202211,4 k €↑
2021
Annual accounts 20215,1 k €↑
2020
Annual accounts 2020-4 k €↓
2019
Annual accounts 201981,5 k €↑
2018
Annual accounts 2018605,9 €↑
2017
Annual accounts 2017-34,1 k €↓
2016
Annual accounts 2016700,5 k €↑
2015
Annual accounts 201537,8 k €↑
2014
Annual accounts 201416,9 k €↓
2013
Annual accounts 201351,8 k €↑
2012
Annual accounts 201229,8 k €↑
2012
Annual accounts 201222,2 k €↓
2011
Annual accounts 201155,5 k €↑
2010
Annual accounts 201045,8 k €↓
2009
Annual accounts 2009200,2 k €↑
2008
Annual accounts 200816,1 k €
19/12/1994
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

S MANAGEMENT

Overview

What does S MANAGEMENT do?

Trend over 19 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