ACTIVE

OBJECTIVE BELGIUM

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Financial year 2025 · closed on 31/12/2025

Net result

972,6 k €

+514.8% YoY

Revenue

8,2 M €

-12.3% YoY

Equity

4,9 M €

+25.1% YoY

Workforce

23,6 ETP

-26.0% YoY

What does OBJECTIVE BELGIUM do?

OBJECTIVE BELGIUM is a Private limited company incorporated in 1996. Its registered office is in Wichelen. It employs on average 23,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0458.980.046

Incorporation

10/10/1996

Legal form

Private limited company

Registered office

Meerbos 2
9260 Wichelen · FlandreSee on map

Contributed capital

150 021,04 €

Latest accounts

31/12/2025

Average workforce

23,6 ETP

Joint committees (5)

100
1000
200
2000
218

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	8,2 M €	-12.3%	9,4 M €	-15.8%	11,1 M €	+7.6%	10,4 M €	+2.5%	10,1 M €	+29.5%	7,8 M €		–		7,5 M €	+14.2%	6,6 M €	+3.8%	6,3 M €	+13.9%	5,6 M €	+19.7%	4,6 M €	-27.0%	6,4 M €	+40.2%	4,5 M €	+1.6%	4,5 M €	+11.8%	4 M €		–
EBITDA	1,4 M €	+98.4%	723,8 k €	-67.7%	2,2 M €	+177%	807,1 k €	+165%	304,3 k €	+51.5%	200,9 k €	-76.7%	862,4 k €	-28.3%	1,2 M €	+30.1%	923,8 k €	-51.8%	1,9 M €	+13.5%	1,7 M €	+107%	817,4 k €	-52.7%	1,7 M €	+34.0%	1,3 M €	+76.9%	729,1 k €	-36.3%	1,1 M €	+30.7%	875,6 k €
Operating result	1,7 M €	+283%	439,4 k €	-77.8%	2 M €	+178%	711,6 k €	+174%	259,5 k €	+302%	64,6 k €	-91.5%	758 k €	-32.1%	1,1 M €	+35.1%	826,2 k €	-53.2%	1,8 M €	+15.0%	1,5 M €	+135%	652,2 k €	-57.1%	1,5 M €	+33.6%	1,1 M €	+102%	564 k €	-42.9%	987,5 k €	+36.5%	723,6 k €
Net result	972,6 k €	+515%	-234,5 k €	-117%	1,4 M €	+296%	356,4 k €	+189%	123,4 k €	+773%	-18,3 k €	-103%	534,8 k €	-26.7%	729,5 k €	+31.3%	555,5 k €	-58.5%	1,3 M €	+16.6%	1,1 M €	+193%	391,6 k €	-61.4%	1 M €	+18.4%	857,2 k €	+162%	326,6 k €	-47.4%	620,8 k €	+42.7%	434,9 k €
Balance sheet
Equity	4,9 M €	+25.1%	3,9 M €	-5.7%	4,1 M €	+52.3%	2,7 M €	+15.2%	2,3 M €	+12.3%	2,1 M €	-0.9%	2,1 M €	+25.2%	1,7 M €	+58.3%	1,1 M €	-32.4%	1,6 M €	+27.4%	1,2 M €	-24.6%	1,6 M €	+31.5%	1,2 M €	+33.9%	928,4 k €	-6.3%	991,2 k €	+49.1%	664,6 k €	+0.1%	664,1 k €
Total assets	33 M €	+52.8%	21,6 M €	+23.8%	17,4 M €	+73.9%	10 M €	+57.3%	6,4 M €	+16.5%	5,5 M €	-0.9%	5,5 M €	+57.6%	3,5 M €	+9.6%	3,2 M €	-23.1%	4,2 M €	+22.7%	3,4 M €	-7.0%	3,6 M €	+3.4%	3,5 M €	-5.3%	3,7 M €	+24.4%	3 M €	-5.0%	3,1 M €	+16.1%	2,7 M €
Cash	219 k €	-0.8%	220,8 k €	-55.2%	493,3 k €	+133%	211,4 k €	-63.2%	574,5 k €	-48.8%	1,1 M €	-41.3%	1,9 M €	+38.2%	1,4 M €	+11.7%	1,2 M €	+103%	608,9 k €	-41.8%	1 M €	+43.5%	728,7 k €	+14.9%	634,3 k €	+26.3%	502,1 k €	+72.0%	291,9 k €	+17.2%	249 k €	+44.6%	172,2 k €
Debts	25,5 M €	+69.5%	15 M €	+40.8%	10,7 M €	+97.8%	5,4 M €	+143%	2,2 M €	+10.1%	2 M €	-11.1%	2,3 M €	+158%	879,2 k €	-25.2%	1,2 M €	-30.3%	1,7 M €	+14.5%	1,5 M €	+31.5%	1,1 M €	-27.9%	1,6 M €	-32.4%	2,3 M €	+38.1%	1,7 M €	-25.5%	2,2 M €	+22.4%	1,8 M €
Other
Workforce	23,6 ETP	-26.0%	31,9 ETP	-17.6%	38,7 ETP	-14.4%	45,2 ETP	-4.4%	47,3 ETP	+38.7%	34,1 ETP	+9.3%	31,2 ETP	+5.4%	29,6 ETP	+3.9%	28,5 ETP	-31.5%	41,6 ETP	+17.5%	35,4 ETP	-1.7%	36,0 ETP	+1.7%	35,4 ETP	+20.8%	29,3 ETP	+3.2%	28,4 ETP	+25.7%	22,6 ETP	+9.7%	20,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 26 ended

Active mandates

Irina MAJUMDAR

Director · since 17 décembre 2024

Active

OBJECTIVE INTERNATIONAL

Director · since 08 janvier 2024 · 0894.635.750

Represented by Hellen Stein

Active

Duane GEORGE

Director · since 07 février 2022 · until 13 novembre 2025

Active

Nicola MARRISON

Director · since 07 février 2022 · until 28 mai 2027

Active

Ended mandates

Irena Majumdar

Director · since 17 décembre 2024 · until 31 mai 2030

Ended

Duane GEORGE

Director · since 07 février 2022 · until 28 mai 2027

Ended

George Duane

Director · since 07 février 2022 · until 05 juin 2027

Ended

Nicola Morrison

Director · since 07 février 2022 · until 05 juin 2027

Ended

At this address

Other companies at this address

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B.I.S.● Active	0887.565.737
LOGILITY● Active	0754.800.154
OBJECTIVE● Active	0546.732.184
Objective Holding● Active	0713.616.033
OBJECTIVE INTERNATIONAL● Active	0894.635.750
OBJECTIVE REAL ESTATE DEVELOPMENT● Active	0638.834.575
ROSS SYSTEMS EUROPE● Active	0437.371.515
THV SCHEIRLINCK-RONOH● Active	0633.721.586

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Full model	Full model	Full model	Full model	Full 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	06/08/2026	27/08/2025	18/03/2025	07/07/2024	27/12/2022	08/07/2021
General meeting	03/08/2026	08/08/2025	14/03/2025	05/07/2024	15/12/2022	21/05/2021
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	03/08/2026	06/08/2026	Dutch	PDF
Full model	31/12/2024	08/08/2025	27/08/2025	Dutch	PDF
Full model	31/12/2023	14/03/2025	18/03/2025	Dutch	PDF
Full model	31/12/2022	05/07/2024	07/07/2024	Dutch	PDF
Full model	31/12/2021	15/12/2022	27/12/2022	Dutch	PDF
Full model	31/12/2020	21/05/2021	08/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	31/07/2020	Dutch	PDF
Abridged model	31/12/2018	27/06/2019	22/07/2019	Dutch	PDF
Abridged model	31/12/2017	02/06/2018	20/07/2018	Dutch	PDF
Abridged model	31/12/2016	03/06/2017	19/06/2017	Dutch	PDF
Abridged model	31/12/2015	11/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	06/06/2015	06/07/2015	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	08/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	24/08/2012	Dutch	PDF
Abridged model	31/12/2010	05/03/2011	18/07/2011	Dutch	PDF
Abridged model	30/09/2009	06/03/2010	31/03/2010	Dutch	PDF
Abridged model	30/09/2008	07/03/2009	30/03/2009	Dutch	PDF
Abridged model	30/09/2007	01/03/2008	01/04/2008	Dutch	PDF
Abridged model	30/09/2006	03/03/2007	20/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 4 active · 26 ended

Active mandates

Irina MAJUMDAR

Director · since 17 décembre 2024

Active

OBJECTIVE INTERNATIONAL

Director · since 08 janvier 2024 · 0894.635.750

Represented by Hellen Stein

Active

Duane GEORGE

Director · since 07 février 2022 · until 13 novembre 2025

Active

Nicola MARRISON

Director · since 07 février 2022 · until 28 mai 2027

Active

Ended mandates

Irena Majumdar

Director · since 17 décembre 2024 · until 31 mai 2030

Ended

Duane GEORGE

Director · since 07 février 2022 · until 28 mai 2027

Ended

George Duane

Director · since 07 février 2022 · until 05 juin 2027

Ended

Nicola Morrison

Director · since 07 février 2022 · until 05 juin 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2019
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 2025972,6 k €↑
2024
Annual accounts 2024-234,5 k €↓
2023
Annual accounts 20231,4 M €↑
2022
Annual accounts 2022356,4 k €↑
2021
Annual accounts 2021123,4 k €↑
2018
Annual accounts 2018-18,3 k €↓
2017
Annual accounts 2017534,8 k €↓
2016
Annual accounts 2016729,5 k €↑
2015
Annual accounts 2015555,5 k €↓
2013
Annual accounts 20131,3 M €↑
2012
Annual accounts 20121,1 M €↑
2011
Annual accounts 2011391,6 k €↓
2010
Annual accounts 20101 M €↑
2009
Annual accounts 2009857,2 k €↑
2008
Annual accounts 2008326,6 k €↓
2007
Annual accounts 2007620,8 k €↑
2006
Annual accounts 2006434,9 k €
10/10/1996
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

OBJECTIVE BELGIUM

Overview

What does OBJECTIVE BELGIUM 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