ACTIVE

CHORUS

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Financial year 2024 · closed on 31/12/2024

Net result

-5,9 k €

+14.5% YoY

Gross margin

206,8 k €

-1.7% YoY

Equity

3,1 M €

-0.2% YoY

What does CHORUS do?

CHORUS is a Public limited company incorporated in 1996. Its main activity is: Management consultancy activities. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0456.864.951

Incorporation

11/01/1996

Legal form

Public limited company

Registered office

Rue du Pépin 54
1000 Bruxelles · BruxellesSee on map

Contributed capital

4 287 751,68 €

Latest accounts

31/12/2024

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Joint committees (1)

Signals

Solid equityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	206,8 k €	-1.7%	210,5 k €	-24.2%	277,8 k €	-50.9%	565,3 k €	+105%	275,5 k €	-45.2%	503,3 k €	+22.3%	411,4 k €	+64.5%	250,1 k €	-6.9%	268,8 k €	-44.2%	481,4 k €	+1.1%	476,2 k €	-1.7%	484,6 k €	+10.7%	438 k €	+16.3%	376,6 k €	+9.5%	344,1 k €	+20268%	-1,7 k €	+78.7%	-8 k €
EBITDA	200,2 k €	-2.0%	204,3 k €	+22.9%	166,2 k €	-70.4%	561,7 k €	+115%	260,8 k €	-47.1%	493 k €	+581%	-102,6 k €	-142%	246,3 k €	-7.1%	265,2 k €	-44.7%	479,5 k €	+1.2%	473,6 k €	-0.4%	475,6 k €	+9.1%	436,1 k €	+16.9%	373,2 k €	+8.8%	343,1 k €	+13062%	-2,6 k €	+69.0%	-8,5 k €
Operating result	102,6 k €	-9.2%	113 k €	+39.6%	81 k €	-83.2%	481,6 k €	+177%	174 k €	-58.9%	423,2 k €	+350%	-169,3 k €	-192%	183,3 k €	-27.7%	253,4 k €	-46.9%	477,5 k €	+1.2%	471,7 k €	-0.4%	473,6 k €	+9.0%	434,6 k €	+16.4%	373,2 k €	+8.8%	343,1 k €	+13062%	-2,6 k €	+69.0%	-8,5 k €
Net result	-5,9 k €	+14.5%	-6,9 k €	+87.2%	-53,6 k €	-122%	246,7 k €	+1412%	16,3 k €	-93.8%	263,3 k €	+178%	-337,1 k €	-1999%	-16,1 k €	+84.9%	-106,3 k €	-245%	73,4 k €	-9.9%	81,5 k €	-0.4%	81,9 k €	+304%	20,2 k €	+282%	-11,1 k €	-115%	71,8 k €	+860%	-9,4 k €	+50.5%	-19,1 k €
Balance sheet
Equity	3,1 M €	-0.2%	3,1 M €	-0.2%	3,1 M €	-1.7%	3,2 M €	+8.4%	2,9 M €	+0.6%	2,9 M €	+10.0%	2,6 M €	-11.3%	3 M €	+59.9%	1,9 M €	-5.4%	2 M €	+3.9%	1,9 M €	+4.5%	1,8 M €	+4.7%	1,7 M €	+1.2%	1,7 M €	-0.6%	1,7 M €	+4.3%	1,7 M €	-0.6%	1,7 M €
Total assets	9,1 M €	-0.7%	9,2 M €	-1.8%	9,3 M €	+1.4%	9,2 M €	-0.2%	9,2 M €	+3.2%	8,9 M €	+9.7%	8,1 M €	-19.3%	10,1 M €	-6.8%	10,8 M €	+5.2%	10,3 M €	+2.5%	10 M €	+2.3%	9,8 M €	+0.7%	9,7 M €	+3.3%	9,4 M €	+2.5%	9,2 M €	+227%	2,8 M €	-0.1%	2,8 M €
Cash	7,8 k €	-49.1%	15,2 k €	-91.1%	171,4 k €	-45.5%	314,5 k €	+2236%	13,5 k €	-93.0%	192,3 k €	+212%	61,7 k €	+406%	12,2 k €	-96.2%	317,5 k €	+105%	154,5 k €	-3.5%	160,2 k €	+6.6%	150,2 k €	-2.6%	154,2 k €	+4759%	3,2 k €	+238%	940 €	-29.6%	1,3 k €	-67.4%	4,1 k €
Debts	3,1 M €	-3.7%	3,2 M €	-7.5%	3,4 M €	+2.8%	3,3 M €	-9.9%	3,7 M €	+4.3%	3,5 M €	+12.8%	3,1 M €	-35.5%	4,9 M €	-35.0%	7,5 M €	+6.0%	7,1 M €	-0.5%	7,1 M €	-1.1%	7,2 M €	-3.0%	7,4 M €	+1.1%	7,3 M €	+0.2%	7,3 M €	+529%	1,2 M €	+0.6%	1,2 M €

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 31/12/2024 · 1 active · 16 ended

Active mandates

Michel BECKER

Director · since 14 décembre 2023 · until 02 juin 2029

Active

Ended mandates

Carl-Eric VANDERBORGHT

Director · since 02 juin 2020 · until 02 juin 2026

Ended

Jean-Paul GRUSLIN

Director · since 02 juin 2020 · until 02 juin 2026

Ended

Michel BECKER

Director · since 02 juin 2020 · until 02 juin 2026

Ended

Carl-Eric VANDERBORGHT

Director · since 02 juin 2014 · until 01 juin 2020

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/07/2025	18/09/2024	19/09/2023	01/09/2022	31/08/2021	30/09/2020
General meeting	02/06/2025	02/06/2024	02/06/2023	02/06/2022	02/06/2021	02/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	02/06/2025	30/07/2025	French	PDF
Abridged model	31/12/2023	02/06/2024	18/09/2024	French	PDF
Abridged model	31/12/2022	02/06/2023	19/09/2023	French	PDF
Abridged model	31/12/2021	02/06/2022	01/09/2022	French	PDF
Abridged model	31/12/2020	02/06/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	02/06/2020	30/09/2020	French	PDF
Abridged model	31/12/2018	04/06/2019	12/09/2019	French	PDF
Abridged model	31/12/2017	02/06/2018	11/07/2018	French	PDF
Abridged model	31/12/2016	02/06/2017	21/09/2017	French	PDF
Abridged model	31/12/2015	02/06/2016	07/09/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	16/10/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	21/08/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	28/08/2013	French	PDF
Abridged model	31/12/2011	02/06/2012	22/08/2012	French	PDF
Abridged model	31/12/2010	02/06/2011	20/09/2011	French	PDF
Abridged model	31/12/2009	02/06/2010	21/09/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	25/09/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	25/09/2008	French	PDF
Abridged model	31/12/2006	08/06/2007	17/08/2007	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 31/12/2024 · 1 active · 16 ended

Active mandates

Michel BECKER

Director · since 14 décembre 2023 · until 02 juin 2029

Active

Ended mandates

Carl-Eric VANDERBORGHT

Director · since 02 juin 2020 · until 02 juin 2026

Ended

Jean-Paul GRUSLIN

Director · since 02 juin 2020 · until 02 juin 2026

Ended

Michel BECKER

Director · since 02 juin 2020 · until 02 juin 2026

Ended

Carl-Eric VANDERBORGHT

Director · since 02 juin 2014 · until 01 juin 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Capital / shares10/03/2021
CAPITAL, ACTIONS - DIVERS
PDF
Mandates14/10/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates22/09/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates22/09/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates01/08/2016
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates26/10/2015
DEMISSIONS, NOMINATIONS
PDF
Registered office06/01/2012
SIEGE SOCIAL
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

2024
Annual accounts 2024-5,9 k €↑
2023
Annual accounts 2023-6,9 k €↑
2022
Annual accounts 2022-53,6 k €↓
2021
Annual accounts 2021246,7 k €↑
2020
Annual accounts 202016,3 k €↓
2019
Annual accounts 2019263,3 k €↑
2018
Annual accounts 2018-337,1 k €↓
2017
Annual accounts 2017-16,1 k €↑
2014
Annual accounts 2014-106,3 k €↓
2013
Annual accounts 201373,4 k €↓
2012
Annual accounts 201281,5 k €↓
2011
Annual accounts 201181,9 k €↑
2010
Annual accounts 201020,2 k €↑
2009
Annual accounts 2009-11,1 k €↓
2008
Annual accounts 200871,8 k €↑
2007
Annual accounts 2007-9,4 k €↑
2006
Annual accounts 2006-19,1 k €
11/01/1996
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

CHORUS

Overview

What does CHORUS 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