ACTIVE

C.V.E.

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Financial year 2025 · closed on 31/12/2025

Net result

16,1 k €

+106.2% YoY

Gross margin

57,1 k €

+27.9% YoY

Equity

808,2 k €

+2.0% YoY

What does C.V.E. do?

C.V.E. is a Private limited company incorporated in 1996. Its main activity is: Management consultancy activities. Its registered office is in Huy.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0458.159.011

Incorporation

12/06/1996

Legal form

Private limited company

Registered office

Rue de la Campagne 15 box A
4500 Huy · WallonieSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74203Photographic activities 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 71121Engineering activities and related technical consultancy+1

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	57,1 k €	+27.9%	44,7 k €	-14.0%	51,9 k €	-8.4%	56,7 k €	-25.0%	75,6 k €	-21.6%	96,4 k €	-11.6%	109 k €	-2.8%	112,2 k €	+2.1%	109,8 k €	-1.6%	111,6 k €	+4.3%	107 k €	+0.6%	106,3 k €	+0.6%	105,6 k €	+3.1%	102,5 k €	+4.7%	97,9 k €	+3.9%	94,2 k €	-2.2%	96,3 k €	+4.4%	92,2 k €	-0.5%	92,7 k €	+29.9%	71,3 k €
EBITDA	50,9 k €	+43.9%	35,3 k €	+26.4%	28 k €	-17.6%	34 k €	-34.7%	52 k €	-29.2%	73,5 k €	-15.1%	86,6 k €	+120136%	72 €	-99.9%	92,5 k €	-2.4%	94,7 k €	+4.9%	90,3 k €	+1.2%	89,2 k €	+0.1%	89,2 k €	+3.8%	85,9 k €	+4.9%	81,9 k €	+4.2%	78,6 k €	-2.7%	80,8 k €	+4.3%	77,4 k €	-1.2%	78,3 k €	+36.4%	57,4 k €
Operating result	20,2 k €	+97.4%	10,2 k €	+397%	-3,5 k €	-101%	-1,7 k €	+85.8%	-12,1 k €	-259%	7,7 k €	-88.0%	64 k €	+776%	-9,5 k €	-111%	82,7 k €	-2.7%	85 k €	+2.5%	82,9 k €	+1.4%	81,8 k €	-0.0%	81,8 k €	+4.4%	78,4 k €	+5.4%	74,4 k €	-4.7%	78 k €	-2.6%	80,1 k €	+4.2%	76,9 k €	+8.8%	70,7 k €	+41.6%	49,9 k €
Net result	16,1 k €	+106%	7,8 k €	+296%	-4 k €	-49.6%	-2,7 k €	+78.1%	-12,2 k €	-349%	4,9 k €	-89.1%	45 k €	+583%	-9,3 k €	-117%	55,3 k €	-14.8%	65 k €	-17.3%	78,6 k €	-0.2%	78,7 k €	-0.4%	79 k €	+2.6%	77 k €	-0.1%	77,1 k €	-0.9%	77,8 k €	-3.4%	80,5 k €	-0.2%	80,7 k €	+11.7%	72,3 k €	+35.5%	53,3 k €
Balance sheet
Equity	808,2 k €	+2.0%	792,1 k €	+1.0%	784,3 k €	-0.5%	788,3 k €	-0.3%	790,9 k €	-1.5%	803,1 k €	+0.6%	798,2 k €	+6.0%	753,2 k €	-1.2%	762,5 k €	+7.8%	707,2 k €	+10.1%	642,2 k €	+7.1%	599,6 k €	+7.7%	556,9 k €	+8.4%	513,9 k €	+8.7%	472,9 k €	+9.5%	431,8 k €	+10.7%	390 k €	+12.9%	345,5 k €	+14.9%	300,8 k €	+14.1%	263,5 k €
Total assets	863,7 k €	+1.0%	854,8 k €	+0.2%	853 k €	-1.6%	866,8 k €	-0.8%	873,8 k €	+8.0%	809,4 k €	-1.2%	819,2 k €	+7.6%	761,2 k €	-1.0%	768,8 k €	+7.1%	717,7 k €	+4.8%	685 k €	+6.6%	642,6 k €	+7.4%	598,2 k €	+7.5%	556,4 k €	+8.2%	514,1 k €	+8.9%	471,9 k €	+9.9%	429,4 k €	+11.5%	385 k €	+13.2%	340 k €	+12.8%	301,5 k €
Cash	2,6 k €	-70.1%	8,7 k €	+85.9%	4,7 k €	+25.2%	3,7 k €	-29.1%	5,2 k €	+26.0%	4,2 k €	-45.7%	7,7 k €	+0.2%	7,7 k €	+46.9%	5,2 k €	-7.0%	5,6 k €	+35.1%	4,1 k €	-63.8%	11,5 k €	+320%	2,7 k €	-15.7%	3,2 k €	+37.7%	2,4 k €	-42.9%	4,1 k €	-38.2%	6,7 k €	+160%	2,6 k €	-10.3%	2,9 k €	+33.7%	2,1 k €
Debts	52,9 k €	-13.3%	61,1 k €	-9.1%	67,2 k €	-12.8%	77 k €	-7.1%	82,9 k €	+1431%	5,4 k €	-73.3%	20,3 k €	+153%	8 k €	+27.2%	6,3 k €	-40.0%	10,5 k €	-75.4%	42,8 k €	-0.5%	43 k €	+4.6%	41,2 k €	-3.2%	42,5 k €	+3.3%	41,2 k €	+2.7%	40,1 k €	+1.8%	39,4 k €	-0.3%	39,5 k €	+0.7%	39,2 k €	+3.5%	37,9 k €
Other
Workforce	–		–		–		–		–		0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

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

Active mandates

Clément Marchal

Director

Active

Ended mandates

Clément MARCHAL

Mandate

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro 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	03/07/2026	29/06/2025	07/07/2024	13/07/2023	20/08/2022	27/08/2021
General meeting	11/06/2026	12/06/2025	13/06/2024	08/06/2023	23/06/2022	24/06/2021
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
Micro model	31/12/2025	11/06/2026	03/07/2026	French	PDF
Micro model	31/12/2024	12/06/2025	29/06/2025	French	PDF
Micro model	31/12/2023	13/06/2024	07/07/2024	French	PDF
Micro model	31/12/2022	08/06/2023	13/07/2023	French	PDF
Micro model	31/12/2021	23/06/2022	20/08/2022	French	PDF
Abridged model	31/12/2020	24/06/2021	27/08/2021	French	PDF
Abridged model	31/12/2019	25/06/2020	06/09/2020	French	PDF
Abridged model	31/12/2018	13/06/2019	13/07/2019	French	PDF
Abridged model	31/12/2017	14/06/2018	13/07/2018	French	PDF
Abridged model	31/12/2016	08/06/2017	13/07/2017	French	PDF
Abridged model	31/12/2015	09/06/2016	07/07/2016	French	PDF
Abridged model	31/12/2014	11/06/2015	11/07/2015	French	PDF
Abridged model	31/12/2013	12/06/2014	17/07/2014	French	PDF
Abridged model	31/12/2012	13/06/2013	31/07/2013	French	PDF
Abridged model	31/12/2011	14/06/2012	16/07/2012	French	PDF
Abridged model	31/12/2010	09/06/2011	19/06/2011	French	PDF
Abridged model	31/12/2009	10/06/2010	19/06/2010	French	PDF
Abridged model	31/12/2008	11/06/2009	07/07/2009	French	PDF
Abridged model	31/12/2007	12/06/2008	16/06/2008	French	PDF
Abridged model	31/12/2006	14/06/2007	13/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 1 ended

Active mandates

Clément Marchal

Director

Active

Ended mandates

Clément MARCHAL

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates07/11/2005
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - 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 202516,1 k €↑
2024
Annual accounts 20247,8 k €↑
2023
Annual accounts 2023-4 k €↓
2022
Annual accounts 2022-2,7 k €↑
2021
Annual accounts 2021-12,2 k €↓
2020
Annual accounts 20204,9 k €↓
2019
Annual accounts 201945 k €↑
2018
Annual accounts 2018-9,3 k €↓
2017
Annual accounts 201755,3 k €↓
2016
Annual accounts 201665 k €↓
2015
Annual accounts 201578,6 k €↓
2014
Annual accounts 201478,7 k €↓
2013
Annual accounts 201379 k €↑
2012
Annual accounts 201277 k €↓
2011
Annual accounts 201177,1 k €↓
2010
Annual accounts 201077,8 k €↓
2009
Annual accounts 200980,5 k €↓
2008
Annual accounts 200880,7 k €↑
2007
Annual accounts 200772,3 k €↑
2006
Annual accounts 200653,3 k €
12/06/1996
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

C.V.E.

Overview

What does C.V.E. do?

Trend over 20 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