SubtleWorks
0462.039.110 · rovalta.com · 21/09/2026
ACTIVE
SubtleWorks
Financial year 2025 · closed on 31/12/2025
Net result
-115,7 k €
-110.3% YoY
Gross margin
-7,3 k €
+81.3% YoY
Equity
11,4 k €
+149.7% YoY
Overview
What does SubtleWorks do?
SubtleWorks is a Private limited company incorporated in 1997. Its main activity is: Public relations and communication activities. Its registered office is in Antwerpen.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0462.039.110
Incorporation
05/12/1997
Legal form
Private limited company
Registered office
Rembrandtstraat 33
2018 Antwerpen · FlandreSee on map
2018 Antwerpen · FlandreSee on map
Contributed capital
168 592,00 €
Latest accounts
31/12/2025
Activities (NACE)
Joint committees (1)
- 200
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | -7,3 k € | +81.3% | -39,2 k € | -7.2% | -36,6 k € | -138% | 96,7 k € | -24.5% | 128,1 k € | +128% | 56,1 k € | +22.5% | 45,8 k € | -32.8% | 68,1 k € | +376% | -24,7 k € | +83.9% | -153,4 k € | -633% | 28,8 k € | -59.7% | 71,3 k € | +39.9% | 51,0 k € | -4.6% | 53,4 k € | -9.5% | 59,0 k € | -6.5% | 63,1 k € | +42.6% | 44,3 k € | -6.5% | 47,3 k € |
| EBITDA | -95,7 k € | -138% | -40,2 k € | -9.3% | -36,8 k € | -138% | 96,6 k € | +143% | 39,8 k € | -18.3% | 48,8 k € | +66.5% | 29,3 k € | -55.2% | 65,5 k € | +347% | -26,6 k € | +82.9% | -154,8 k € | -658% | 27,8 k € | -60.4% | 70,1 k € | +40.2% | 50,0 k € | -5.1% | 52,7 k € | -8.9% | 57,8 k € | +29.6% | 44,6 k € | +1.1% | 44,2 k € | +27.3% | 34,7 k € |
| Operating result | -114,3 k € | -112% | -53,9 k € | -3.2% | -52,2 k € | -162% | 83,9 k € | +214% | 26,7 k € | -29.3% | 37,8 k € | +111% | 17,9 k € | -65.1% | 51,4 k € | +230% | -39,5 k € | +76.4% | -167,3 k € | -1458% | 12,3 k € | -73.6% | 46,7 k € | +76.9% | 26,4 k € | -20.8% | 33,4 k € | -12.7% | 38,2 k € | +51.2% | 25,3 k € | -6.8% | 27,1 k € | +69.0% | 16,0 k € |
| Net result | -115,7 k € | -110% | -55,0 k € | -45.3% | -37,9 k € | -147% | 81,4 k € | +3193% | 2,5 k € | -92.9% | 35,0 k € | +151% | 14,0 k € | -71.1% | 48,4 k € | +220% | -40,4 k € | +76.5% | -172,1 k € | -3341% | 5,3 k € | -71.1% | 18,4 k € | +62.3% | 11,3 k € | -56.0% | 25,8 k € | +31.7% | 19,6 k € | +33.3% | 14,7 k € | +186% | 5,1 k € | -47.3% | 9,8 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 11,4 k € | +150% | -22,9 k € | -171% | 32,2 k € | -54.1% | 70,0 k € | +717% | -11,3 k € | +17.9% | -13,8 k € | +71.7% | -48,8 k € | +22.2% | -62,8 k € | +43.5% | -111,2 k € | -54.8% | -71,8 k € | -171% | 101,3 k € | +5.5% | 95,9 k € | +23.7% | 77,6 k € | +17.1% | 66,2 k € | +63.6% | 40,5 k € | -55.5% | 90,9 k € | +19.2% | 76,2 k € | +7.2% | 71,1 k € |
| Total assets | 166,1 k € | -24.7% | 220,4 k € | +7.1% | 205,9 k € | -15.0% | 242,2 k € | -23.0% | 314,6 k € | -26.5% | 428,2 k € | +37.7% | 311,0 k € | +88.2% | 165,3 k € | +36.5% | 121,1 k € | +20.1% | 100,9 k € | -38.2% | 163,2 k € | +57.9% | 103,4 k € | -30.4% | 148,4 k € | -13.2% | 171,1 k € | +1.3% | 168,8 k € | -28.2% | 235,2 k € | +23.6% | 190,2 k € | +13.9% | 167,0 k € |
| Cash | 49,9 k € | -6.3% | 53,2 k € | -1.7% | 54,1 k € | +43.3% | 37,8 k € | -20.3% | 47,4 k € | -10.1% | 52,7 k € | +64.9% | 32,0 k € | -11.0% | 35,9 k € | +25.3% | 28,7 k € | +25.7% | 22,8 k € | -63.9% | 63,3 k € | +172% | 23,3 k € | -42.9% | 40,8 k € | -21.3% | 51,8 k € | +109% | 24,8 k € | – | 8,7 k € | – | |||
| Debts | 154,7 k € | -36.3% | 242,7 k € | +39.7% | 173,7 k € | +0.9% | 172,2 k € | -45.5% | 316,0 k € | -26.7% | 431,0 k € | +23.6% | 348,9 k € | +53.5% | 227,3 k € | -1.8% | 231,5 k € | +34.8% | 171,7 k € | +201% | 57,0 k € | +1481% | 3,6 k € | -94.8% | 69,9 k € | -32.2% | 103,1 k € | -15.0% | 121,3 k € | -15.9% | 144,3 k € | +26.6% | 114,0 k € | +26.8% | 89,9 k € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | 0,3 ETP | -40.0% | 0,5 ETP | +400% | 0,1 ETP | – | – | – | – | – | – | – | – | – | – | |||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 1 ended
Active mandates
Erik Verdeyen
ActiveEnded mandates
ERIK VERDEYEN
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
DR KATRIEN SANDERS● Active | 0721.689.995 |
econsult● Active | 0795.419.004 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/04/2022 | 01/04/2021 | 01/04/2020 | 01/04/2019 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/03/2022 | 31/03/2021 | 31/03/2020 |
| Length of the financial year | 12 months | 12 months | 21 months | 12 months | 12 months | 12 months |
| Filing date | 31/08/2026 | 29/08/2025 | 30/09/2024 | 02/11/2022 | 30/09/2021 | 30/09/2020 |
| General meeting | 02/06/2026 | 03/06/2025 | 04/06/2024 | 14/06/2022 | 15/06/2021 | 16/06/2020 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 02/06/2026 | 31/08/2026 | Dutch | |
| Micro model | 31/12/2024 | 03/06/2025 | 29/08/2025 | Dutch | |
| Micro model | 31/12/2023 | 04/06/2024 | 30/09/2024 | Dutch | |
| Micro model | 31/03/2022 | 14/06/2022 | 02/11/2022 | Dutch | |
| Abridged model | 31/03/2021 | 15/06/2021 | 30/09/2021 | Dutch | |
| Abridged model | 31/03/2020 | 16/06/2020 | 30/09/2020 | Dutch | |
| Abridged model | 31/03/2019 | 18/06/2019 | 28/09/2019 | Dutch | |
| Abridged model | 31/03/2018 | 19/06/2018 | 31/08/2018 | Dutch | |
| Abridged model | 31/03/2017 | 20/06/2017 | 29/09/2017 | Dutch | |
| Abridged model | 31/03/2016 | 21/06/2016 | 30/09/2016 | Dutch | |
| Abridged model | 31/03/2015 | 25/06/2015 | 24/10/2015 | Dutch | |
| Abridged model | 31/03/2014 | 24/06/2014 | 30/10/2014 | Dutch | |
| Abridged model | 31/03/2013 | 25/06/2013 | 29/10/2013 | Dutch | |
| Abridged model | 31/03/2012 | 26/06/2012 | 28/09/2012 | Dutch | |
| Abridged model | 31/03/2011 | 28/06/2011 | 14/12/2011 | Dutch | |
| Abridged model | 31/03/2010 | 27/09/2010 | 28/10/2010 | Dutch | |
| Abridged model | 31/03/2009 | 28/09/2009 | 29/12/2009 | Dutch | |
| Abridged model | 31/03/2008 | 30/09/2008 | 12/11/2008 | Dutch | |
| Abridged model | 31/03/2007 | 30/10/2007 | 31/10/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 0 € and 100 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 1 ended
Active mandates
Erik Verdeyen
ActiveEnded mandates
ERIK VERDEYEN
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-115,7 k €↓
- 2024Annual accounts 2024-55,0 k €↓
- 2023Annual accounts 2023-37,9 k €↓
- 2023Name changeSubtleWorks
- 2022Annual accounts 202281,4 k €↑
- 2022Name changeVerdeyen Consulting
- 2021Annual accounts 20212,5 k €↓
- 2020Annual accounts 202035,0 k €↑
- 2019Annual accounts 201914,0 k €↓
- 2018Annual accounts 201848,4 k €↑
- 2017Annual accounts 2017-40,4 k €↑
- 2016Annual accounts 2016-172,1 k €↓
- 2015Annual accounts 20155,3 k €↓
- 2014Annual accounts 201418,4 k €↑
- 2013Annual accounts 201311,3 k €↓
- 2012Annual accounts 201225,8 k €↑
- 2011Annual accounts 201119,6 k €↑
- 2010Annual accounts 201014,7 k €↑
- 2009Annual accounts 20095,1 k €↓
- 2008Annual accounts 20089,8 k €
- 05/12/1997IncorporationPrivate limited company