ACTIVE

Visible

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Financial year 2024 · closed on 31/12/2024

Net result

166,2 k €

+25.1% YoY

Gross margin

805,6 k €

+31.5% YoY

Equity

511,7 k €

+2.8% YoY

Workforce

9,1 ETP

+26.4% YoY

What does Visible do?

Visible is a Private limited company incorporated in 1999. Its registered office is in Herstal. It employs on average 9,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0465.349.679

Incorporation

08/02/1999

Legal form

Private limited company

Registered office

Parc Ind. des Hauts Sarts, 3e av 24
4040 Herstal · Wallonie

Contributed capital

13 345,86 €

Latest accounts

31/12/2024

Average workforce

9,1 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	805,6 k €	+31.5%	612,7 k €	+9.4%	560,3 k €	+10.1%	508,7 k €	-25.7%	684,2 k €	-1.4%	693,7 k €	-8.9%	761,1 k €	+19.9%	634,8 k €	-0.2%	636,1 k €	+3.3%	615,9 k €	+11.1%	554,2 k €	+14.3%	484,8 k €	+9.9%	441 k €	+7.3%	411 k €	+6.2%	387,2 k €	+6.0%	365,2 k €	-8.4%	398,6 k €	+11.6%	357 k €
EBITDA	290,8 k €	+23.3%	235,9 k €	+21.2%	194,7 k €	+37.7%	141,4 k €	-46.4%	263,7 k €	-4.9%	277,3 k €	-29.3%	392,5 k €	+60.9%	243,9 k €	-9.5%	269,6 k €	+28.7%	209,5 k €	+18.0%	177,5 k €	+33.1%	133,3 k €	-20.0%	166,7 k €	+80.5%	92,4 k €	-22.4%	119 k €	+14.3%	104 k €	-39.8%	172,8 k €	+5.8%	163,4 k €
Operating result	234,4 k €	+24.1%	188,9 k €	+4.4%	180,9 k €	+39.5%	129,6 k €	-43.3%	228,6 k €	-2.6%	234,7 k €	-29.3%	331,7 k €	+74.2%	190,4 k €	-11.8%	215,8 k €	+39.8%	154,4 k €	+19.0%	129,7 k €	+8.7%	119,4 k €	-10.7%	133,6 k €	+72.8%	77,3 k €	-22.8%	100,2 k €	+33.6%	75 k €	-46.1%	139,2 k €	+7.8%	129,2 k €
Net result	166,2 k €	+25.1%	132,8 k €	-6.5%	142 k €	+77.5%	80 k €	-54.7%	176,6 k €	+11.6%	158,2 k €	-25.9%	213,5 k €	+98.9%	107,3 k €	-13.6%	124,2 k €	+45.6%	85,3 k €	+20.9%	70,6 k €	+4.8%	67,4 k €	-7.1%	72,5 k €	+56.1%	46,4 k €	-34.8%	71,2 k €	+72.6%	41,2 k €	-47.9%	79,1 k €	+4.8%	75,5 k €
Balance sheet
Equity	511,7 k €	+2.8%	497,8 k €	+2.2%	487,2 k €	+3.7%	470 k €	-27.0%	644,2 k €	+12.9%	570,5 k €	+6.3%	536,6 k €	+37.8%	389,5 k €	+7.7%	361,6 k €	+10.2%	328,1 k €	+10.0%	298,1 k €	+7.8%	276,6 k €	+8.3%	255,4 k €	+17.3%	217,7 k €	+5.1%	207,1 k €	+30.8%	158,3 k €	+7.6%	147,1 k €	+26.8%	116 k €
Total assets	1,1 M €	+10.7%	1 M €	+17.0%	884,6 k €	-1.1%	894,5 k €	-42.3%	1,6 M €	+9.7%	1,4 M €	-1.9%	1,4 M €	+21.2%	1,2 M €	-3.9%	1,2 M €	+0.8%	1,2 M €	+4.2%	1,2 M €	+105%	574,3 k €	-4.5%	601,6 k €	+17.0%	514,1 k €	-11.0%	577,5 k €	+9.9%	525,3 k €	+0.9%	520,6 k €	+5.0%	495,9 k €
Cash	433,1 k €	+17.8%	367,8 k €	-11.9%	417,6 k €	-14.2%	487 k €	-10.0%	540,8 k €	+173%	198,4 k €	-38.8%	324 k €	+75.9%	184,2 k €	+4.6%	176,1 k €	-3.7%	182,9 k €	+324%	43,1 k €	-62.1%	113,8 k €	-14.3%	132,7 k €	+27.1%	104,4 k €	-29.5%	148,1 k €	+45.7%	101,7 k €	-35.5%	157,6 k €	+69.3%	93,1 k €
Debts	564,4 k €	+5.0%	537,6 k €	+35.3%	397,4 k €	-6.4%	424,5 k €	-53.2%	907,2 k €	+7.5%	843,9 k €	-5.9%	896,8 k €	+12.1%	800,3 k €	-8.5%	874,3 k €	-1.2%	885,1 k €	+0.7%	878,7 k €	+195%	297,7 k €	-14.0%	346,2 k €	+16.8%	296,4 k €	-20.0%	370,4 k €	+0.9%	367 k €	-1.7%	373,4 k €	-1.7%	379,9 k €
Other
Workforce	9,1 ETP	+26.4%	7,2 ETP	+4.3%	6,9 ETP	-9.2%	7,6 ETP	-11.6%	8,6 ETP	0.0%	8,6 ETP	+6.2%	8,1 ETP	-11.0%	9,1 ETP	+8.3%	8,4 ETP	0.0%	8,4 ETP	0.0%	8,4 ETP	+5.0%	8,0 ETP	+29.0%	6,2 ETP	-15.1%	7,3 ETP	+23.7%	5,9 ETP	-7.8%	6,4 ETP	+6.7%	6,0 ETP	+17.6%	5,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 4 ended

Active mandates

Benoît LAMBERT

Director

Active

Thierry DUMONT

Director

Active

Ended mandates

Benoit LAMBERT

Manager · since 17 février 1999

Ended

Benoît LAMBERT

Director · since 17 février 1999

Ended

Thierry DUMONT

Director · since 17 février 1999

Ended

Thierry DUMONT

Manager · since 17 février 1999

Ended

At this address

Other companies at this address

Company	CBE no.
FACILITY +● Active	0464.025.333
M INVEST+● Active	0657.803.124
MM INTERNATIONAL● Active	0469.221.860
VISIBLE IMMO● Active	0758.726.476

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/08/2025	30/08/2024	18/08/2023	30/08/2022	02/11/2021	15/10/2020
General meeting	08/05/2025	02/05/2024	04/05/2023	05/05/2022	05/06/2021	05/06/2020
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	08/05/2025	18/08/2025	French	PDF
Abridged model	31/12/2023	02/05/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	04/05/2023	18/08/2023	French	PDF
Abridged model	31/12/2021	05/05/2022	30/08/2022	French	PDF
Abridged modelCorrection	31/12/2020	05/06/2021	02/11/2021	French	PDF
Abridged model	31/12/2020	05/06/2021	23/08/2021	French	PDF
Abridged model	31/12/2019	05/06/2020	15/10/2020	French	PDF
Abridged model	31/12/2018	02/05/2019	26/08/2019	French	PDF
Abridged model	31/12/2017	03/05/2018	21/08/2018	French	PDF
Abridged model	31/12/2016	04/05/2017	11/07/2017	French	PDF
Abridged model	31/12/2015	05/05/2016	16/06/2016	French	PDF
Abridged model	31/12/2014	07/05/2015	24/06/2015	French	PDF
Abridged model	31/12/2013	15/05/2014	16/07/2014	French	PDF
Abridged model	31/12/2012	23/05/2013	01/07/2013	French	PDF
Abridged model	31/12/2011	03/05/2012	21/05/2012	French	PDF
Abridged model	31/12/2010	05/05/2011	16/07/2011	French	PDF
Abridged model	31/12/2009	06/05/2010	09/06/2010	French	PDF
Abridged model	31/12/2008	07/05/2009	26/05/2009	French	PDF
Abridged model	31/12/2007	08/05/2008	29/05/2008	French	PDF
Abridged model	31/12/2006	24/05/2007	25/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2024 · 2 active · 4 ended

Active mandates

Benoît LAMBERT

Director

Active

Thierry DUMONT

Director

Active

Ended mandates

Benoit LAMBERT

Manager · since 17 février 1999

Ended

Benoît LAMBERT

Director · since 17 février 1999

Ended

Thierry DUMONT

Director · since 17 février 1999

Ended

Thierry DUMONT

Manager · since 17 février 1999

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/11/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Restructuring06/07/2020
MODIFICATION FORME JURIDIQUE - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Registered office10/09/2013
SIEGE SOCIAL
PDF
Registered office28/01/2005
SIEGE SOCIAL
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

2024
Annual accounts 2024166,2 k €↑
2023
Annual accounts 2023132,8 k €↓
2022
Annual accounts 2022142 k €↑
2021
Annual accounts 202180 k €↓
2019
Annual accounts 2019176,6 k €↑
2018
Annual accounts 2018158,2 k €↓
2017
Annual accounts 2017213,5 k €↑
2016
Annual accounts 2016107,3 k €↓
2015
Annual accounts 2015124,2 k €↑
2014
Annual accounts 201485,3 k €↑
2013
Annual accounts 201370,6 k €↑
2012
Annual accounts 201267,4 k €↓
2011
Annual accounts 201172,5 k €↑
2010
Annual accounts 201046,4 k €↓
2009
Annual accounts 200971,2 k €↑
2008
Annual accounts 200841,2 k €↓
2007
Annual accounts 200779,1 k €↑
2006
Annual accounts 200675,5 k €
08/02/1999
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

Visible

Overview

What does Visible do?

Trend over 18 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