ACTIVE

Barricade

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Financial year 2025 · closed on 31/12/2025

Net result

13 k €

+2008.8% YoY

Revenue

103 k €

+20.5% YoY

Equity

133,9 k €

+95.2% YoY

Workforce

6,3 ETP

+3.3% YoY

What does Barricade do?

Barricade is a Non-profit organization incorporated in 1996. Its registered office is in Liège. It employs on average 6,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0457.984.015

Incorporation

01/03/1996

Legal form

Non-profit organization

Registered office

Rue Pierreuse 19
4000 Liège · WallonieSee on map

Latest accounts

31/12/2025

Average workforce

6,3 ETP

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2016		2015		2014		2013		2012		2011
Income statement
Revenue	103 k €	+20.5%	85,5 k €	+7.0%	79,9 k €	+6.6%	75 k €	-3.7%	77,9 k €	+16.2%	67,1 k €		–		393,5 k €	+275%	104,8 k €	+30.2%	80,5 k €	+8.8%	74 k €	-6.2%	78,8 k €
EBITDA	15 k €	+1544%	914 €	-86.3%	6,7 k €	-19.6%	8,3 k €	+506%	-2 k €	+75.8%	-8,4 k €	-259%	5,3 k €	+33.3%	4 k €	+12.3%	3,6 k €	+13.1%	3,1 k €	-60.2%	7,9 k €	+458%	1,4 k €
Operating result	13,9 k €	+15479%	89,5 €	-98.3%	5,4 k €	-25.2%	7,2 k €	+376%	-2,6 k €	+70.6%	-8,9 k €	-472%	2,4 k €	+113%	1,1 k €	+4.9%	1,1 k €	+1358%	-85 €	-103%	2,5 k €	+2744%	87 €
Net result	13 k €	+2009%	-681,8 €	-118%	3,8 k €	-44.9%	7 k €	+304%	-3,4 k €	+64.5%	-9,6 k €	-963%	1,1 k €	+226%	342 €	+289%	88 €	-92.3%	1,1 k €	-23.7%	1,5 k €	+318%	-683 €
Balance sheet
Equity	133,9 k €	+95.2%	68,6 k €	-1.0%	69,3 k €	+5.9%	65,4 k €	+11.9%	58,5 k €	-5.5%	61,9 k €	+5.3%	58,8 k €	+1.9%	57,7 k €	+0.6%	57,3 k €	+0.2%	57,3 k €	+2.0%	56,1 k €	+2.7%	54,6 k €
Total assets	216 k €	+7.7%	200,5 k €	-7.7%	217,2 k €	-3.8%	225,8 k €	+55.4%	145,3 k €	+8.2%	134,3 k €	-14.7%	157,5 k €	+5.5%	149,2 k €	-22.1%	191,6 k €	+35.6%	141,4 k €	+2.0%	138,6 k €	+2.8%	134,8 k €
Cash	58 k €	+17.0%	49,6 k €	-2.5%	50,8 k €	-59.9%	126,9 k €	+137%	53,6 k €	+47.1%	36,4 k €	+41.7%	25,7 k €	-21.6%	32,8 k €	-10.6%	36,6 k €	+30.8%	28 k €	+16.2%	24,1 k €	+9.3%	22,1 k €
Debts	77,9 k €	+28.7%	60,6 k €	-22.4%	78 k €	+33.0%	58,6 k €	-1.2%	59,4 k €	+33.2%	44,5 k €	-7.2%	48 k €	-20.1%	60,1 k €	-12.0%	68,3 k €	+32.2%	51,7 k €	-14.5%	60,4 k €	+14.4%	52,8 k €
Other
Workforce	6,3 ETP	+3.3%	6,1 ETP	-19.7%	7,6 ETP	+31.0%	5,8 ETP	+5.5%	5,5 ETP	+3.8%	5,3 ETP	-11.7%	6,0 ETP	0.0%	6,0 ETP	-14.3%	7,0 ETP	+7.7%	6,5 ETP	+8.3%	6,0 ETP	+7.1%	5,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 12 active · 25 ended

Active mandates

Charlie Defize

Mandate

Active

Démis Pirard

Mandate

Active

Denis Pieret

Mandate

Active

Jérôme Becuwe

Mandate

Active

Julien Thoreau

Mandate

Active

Magali Arnould

Mandate

Active

Malika Blach

Mandate

Active

Olivier Starquit

Mandate

Active

Perrine Vanmeerbeek

Mandate

Active

Véronique Neycken

Mandate

Active

Virginie Gerouville

Mandate

Active

Yannick Bovy

Mandate

Active

Ended mandates

Cécile Nouet

Director · since 01 juin 2021 · until 01 juin 2023

Ended

Denis Pieret

Director · since 01 juin 2021 · until 01 juin 2023

Ended

Julie Manise

Director · since 01 juin 2021 · until 01 juin 2023

Ended

Ludivine Faniel

Director · since 01 juin 2021 · until 01 juin 2023

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	22/06/2026	19/06/2025	17/06/2024	19/06/2023	20/06/2022	23/06/2021
General meeting	16/06/2026	17/06/2025	04/06/2024	13/06/2023	09/06/2022	01/06/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	16/06/2026	22/06/2026	French	PDF
Abridged model	31/12/2024	17/06/2025	19/06/2025	French	PDF
Abridged model	31/12/2023	04/06/2024	17/06/2024	French	PDF
Abridged model	31/12/2022	13/06/2023	19/06/2023	French	PDF
Abridged model	31/12/2021	09/06/2022	20/06/2022	French	PDF
Abridged model	31/12/2020	01/06/2021	23/06/2021	French	PDF
Abridged model	31/12/2016	21/06/2017	26/06/2017	French	PDF
Abridged model	31/12/2015	28/04/2016	22/06/2016	French	PDF
Abridged model	31/12/2014	04/06/2015	17/06/2015	French	PDF
Abridged model	31/12/2013	28/05/2014	30/09/2014	French	PDF
Abridged model	31/12/2012	28/05/2013	28/06/2013	French	PDF
Abridged model	31/12/2011	12/06/2012	26/06/2012	French	PDF
Abridged model	31/12/2010	10/05/2011	01/07/2011	French	PDF
Abridged model	31/12/2009	30/03/2010	16/06/2010	French	PDF
Abridged model	31/12/2008	19/04/2009	02/09/2009	French	PDF
Abridged model	31/12/2007	19/04/2008	04/12/2008	French	PDF
Abridged model	31/12/2006	05/05/2007	25/10/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 12 active · 25 ended

Active mandates

Charlie Defize

Mandate

Active

Démis Pirard

Mandate

Active

Denis Pieret

Mandate

Active

Jérôme Becuwe

Mandate

Active

Julien Thoreau

Mandate

Active

Magali Arnould

Mandate

Active

Malika Blach

Mandate

Active

Olivier Starquit

Mandate

Active

Perrine Vanmeerbeek

Mandate

Active

Véronique Neycken

Mandate

Active

Virginie Gerouville

Mandate

Active

Yannick Bovy

Mandate

Active

Ended mandates

Cécile Nouet

Director · since 01 juin 2021 · until 01 juin 2023

Ended

Denis Pieret

Director · since 01 juin 2021 · until 01 juin 2023

Ended

Julie Manise

Director · since 01 juin 2021 · until 01 juin 2023

Ended

Ludivine Faniel

Director · since 01 juin 2021 · until 01 juin 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other07/07/2026
Assemblée Générale Ordinaire du 16 juin 2026
PDF
Other08/07/2025
Assemblée générale ordinaire du 17 juin 2025
PDF
Other29/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates11/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates28/04/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates06/07/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates09/07/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates04/07/2018
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

2025
Annual accounts 202513 k €↑
2024
Annual accounts 2024-681,8 €↓
2023
Annual accounts 20233,8 k €↓
2022
Annual accounts 20227 k €↑
2021
Annual accounts 2021-3,4 k €↑
2020
Annual accounts 2020-9,6 k €↓
2016
Annual accounts 20161,1 k €↑
2015
Annual accounts 2015342 €↑
2014
Annual accounts 201488 €↓
2013
Annual accounts 20131,1 k €↓
2012
Annual accounts 20121,5 k €↑
2011
Annual accounts 2011-683 €
01/03/1996
IncorporationNon-profit organization

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

Barricade

Overview

What does Barricade do?

Trend over 12 financial years

Indicative valuation

Board of directors

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