ACTIVE

BASH MANAGEMENT

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Financial year 2025 · closed on 31/12/2025

Net result

4,2 M €

-44.9% YoY

Gross margin

-435,7 k €

+11.1% YoY

Equity

43,2 M €

+9.6% YoY

What does BASH MANAGEMENT do?

BASH MANAGEMENT is a Public limited company incorporated in 1997. Its main activity is: Activities of holding companies. Its registered office is in Rixensart.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.540.459

Incorporation

23/04/1997

Legal form

Public limited company

Registered office

Clos du Bocage 9
1332 Rixensart · WallonieSee on map

Contributed capital

125 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities 70210Public relations and communication activities 73300Advertising and market research 74141Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-435,7 k €	+11.1%	-490,2 k €	-314%	229 k €	+141%	-557,9 k €	-247%	-160,8 k €	-132%	508,5 k €	+28.3%	396,5 k €	+8.7%	364,6 k €	+70.2%	214,3 k €	-25.8%	288,7 k €	+99.9%	144,4 k €	-43.0%	253,3 k €	-5.4%	267,7 k €	+482%	46 k €	-61.9%	120,8 k €	-25.7%	162,6 k €	-16.3%	194,3 k €	+181%	69,1 k €
EBITDA	-469,3 k €	+9.4%	-517,9 k €	-335%	220,8 k €	+139%	-567,5 k €	-238%	-167,8 k €	-134%	500,9 k €	+26.9%	394,6 k €	+8.8%	362,6 k €	+70.6%	212,6 k €	-25.9%	286,8 k €	+102%	142,3 k €	-43.4%	251,5 k €	-5.4%	265,8 k €	+519%	42,9 k €	-64.0%	119,2 k €	-24.8%	158,7 k €	-16.5%	189,9 k €	+179%	68 k €
Operating result	-469,9 k €	+9.4%	-518,8 k €	-336%	219,7 k €	+138%	-581,5 k €	-220%	-181,6 k €	-138%	482,3 k €	+24.3%	388,2 k €	+8.7%	357 k €	+72.8%	206,6 k €	-24.0%	271,8 k €	+115%	126,3 k €	-45.7%	232,6 k €	-3.9%	242,1 k €	+883%	24,6 k €	-78.2%	112,7 k €	-28.9%	158,4 k €	-16.6%	189,9 k €	+179%	68 k €
Net result	4,2 M €	-44.9%	7,5 M €	-42.1%	13 M €	+85.5%	7 M €	-31.1%	10,2 M €	+3691%	268,7 k €	-30.4%	386,2 k €	-15.0%	454,4 k €	+699%	56,9 k €	-96.3%	1,5 M €	+6963%	-22,3 k €	-119%	118,8 k €	-96.7%	3,6 M €	+2915%	119,9 k €	+16.5%	102,9 k €	-99.4%	17,1 M €	+1501%	1,1 M €	+672%	138,5 k €
Balance sheet
Equity	43,2 M €	+9.6%	39,4 M €	+23.7%	31,8 M €	+69.1%	18,8 M €	-14.7%	22,1 M €	+194%	7,5 M €	+3.7%	7,2 M €	+5.6%	6,9 M €	+7.1%	6,4 M €	+0.9%	6,3 M €	+31.8%	4,8 M €	-0.5%	4,8 M €	+2.5%	4,7 M €	+124%	2,1 M €	-3.7%	2,2 M €	-43.7%	3,9 M €	+5549%	68,8 k €	-77.0%	299,4 k €
Total assets	43,5 M €	+8.8%	40 M €	+20.9%	33,1 M €	+69.5%	19,5 M €	-14.3%	22,8 M €	+171%	8,4 M €	-1.4%	8,5 M €	+2.0%	8,4 M €	+0.3%	8,3 M €	-0.6%	8,4 M €	+0.5%	8,3 M €	-0.2%	8,4 M €	+76.4%	4,7 M €	+102%	2,3 M €	-41.9%	4 M €	-4.4%	4,2 M €	+104%	2,1 M €	+6.3%	1,9 M €
Cash	3,3 M €	+0.8%	3,2 M €	-4.6%	3,4 M €	-70.2%	11,3 M €	+226%	3,5 M €	+7841%	43,8 k €	-78.7%	205,5 k €	+1192%	15,9 k €	+73.7%	9,2 k €	-81.8%	50,2 k €	+547%	7,8 k €	+55.5%	5 k €	-80.3%	25,3 k €	-91.9%	311,7 k €	+4642%	6,6 k €	-5.9%	7 k €	-53.4%	15 k €	-64.1%	41,7 k €
Debts	355,4 k €	-42.8%	621 k €	-50.5%	1,3 M €	+78.7%	702 k €	-1.8%	715 k €	-19.1%	883,6 k €	-30.7%	1,3 M €	-14.5%	1,5 M €	-22.4%	1,9 M €	-5.4%	2 M €	-42.3%	3,5 M €	+0.3%	3,5 M €	+30832%	11,3 k €	-95.3%	240,6 k €	-87.0%	1,9 M €	+451%	336 k €	-83.1%	2 M €	+21.2%	1,6 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 17 ended

Active mandates

Bernard Meeus

Managing director · since 06 mai 2025 · until 05 mai 2031

Active

Julie Meeus

Director · since 06 mai 2025 · until 05 mai 2031

Active

Nicolas Meeus

Director · since 06 mai 2025 · until 05 mai 2031

Active

Sophie Lazar

Director · since 06 mai 2025 · until 05 mai 2031

Active

Ended mandates

Julie Meeus

Director · since 20 mars 2018 · until 20 mars 2024

Ended

Julie Meeus

Director · since 20 mars 2018 · until 05 mai 2025

Ended

Julie Meeus

Director · since 20 mars 2018

Ended

Jack Meeus Nicolas

Director · since 23 décembre 2015

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	25/06/2026	31/07/2025	19/08/2024	09/06/2023	03/06/2022	08/06/2021
General meeting	04/06/2026	05/06/2025	06/06/2024	01/06/2023	02/06/2022	03/06/2021
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	04/06/2026	25/06/2026	French	PDF
Micro model	31/12/2024	05/06/2025	31/07/2025	French	PDF
Micro model	31/12/2023	06/06/2024	19/08/2024	French	PDF
Micro model	31/12/2022	01/06/2023	09/06/2023	French	PDF
Micro model	31/12/2021	02/06/2022	03/06/2022	French	PDF
Abridged model	31/12/2020	03/06/2021	08/06/2021	French	PDF
Abridged model	31/12/2019	04/06/2020	10/07/2020	French	PDF
Micro model	31/12/2018	06/06/2019	07/06/2019	French	PDF
Micro model	31/12/2017	07/06/2018	08/06/2018	French	PDF
Micro model	31/12/2016	01/06/2017	09/06/2017	French	PDF
Abridged model	31/12/2015	02/06/2016	10/06/2016	French	PDF
Abridged model	31/12/2014	04/06/2015	05/06/2015	French	PDF
Abridged model	31/12/2013	05/06/2014	27/06/2014	French	PDF
Abridged model	31/12/2012	06/06/2013	07/06/2013	French	PDF
Abridged model	31/12/2011	07/06/2012	22/06/2012	French	PDF
Abridged model	31/12/2010	03/06/2011	05/08/2011	French	PDF
Abridged model	31/12/2009	03/06/2010	17/08/2010	French	PDF
Abridged model	31/12/2008	04/06/2009	30/06/2009	French	PDF
Abridged model	31/12/2007	05/06/2008	25/06/2008	French	PDF
Abridged model	31/12/2006	07/06/2007	26/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 17 ended

Active mandates

Bernard Meeus

Managing director · since 06 mai 2025 · until 05 mai 2031

Active

Julie Meeus

Director · since 06 mai 2025 · until 05 mai 2031

Active

Nicolas Meeus

Director · since 06 mai 2025 · until 05 mai 2031

Active

Sophie Lazar

Director · since 06 mai 2025 · until 05 mai 2031

Active

Ended mandates

Julie Meeus

Director · since 20 mars 2018 · until 20 mars 2024

Ended

Julie Meeus

Director · since 20 mars 2018 · until 05 mai 2025

Ended

Julie Meeus

Director · since 20 mars 2018

Ended

Jack Meeus Nicolas

Director · since 23 décembre 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/09/2025
DEMISSIONS, NOMINATIONS
PDF
Restructuring14/01/2021
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring03/08/2020
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates11/04/2019
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates24/04/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates29/04/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates05/08/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates13/07/2009
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 20254,2 M €↓
2024
Annual accounts 20247,5 M €↓
2023
Annual accounts 202313 M €↑
2022
Annual accounts 20227 M €↓
2021
Annual accounts 202110,2 M €↑
2018
Annual accounts 2018268,7 k €↓
2017
Annual accounts 2017386,2 k €↓
2016
Annual accounts 2016454,4 k €↑
2015
Annual accounts 201556,9 k €↓
2014
Annual accounts 20141,5 M €↑
2013
Annual accounts 2013-22,3 k €↓
2012
Annual accounts 2012118,8 k €↓
2011
Annual accounts 20113,6 M €↑
2010
Annual accounts 2010119,9 k €↑
2009
Annual accounts 2009102,9 k €↓
2008
Annual accounts 200817,1 M €↑
2007
Annual accounts 20071,1 M €↑
2006
Annual accounts 2006138,5 k €
23/04/1997
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

BASH MANAGEMENT

Overview

What does BASH MANAGEMENT do?

Trend over 18 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