ACTIVE

E-STATE

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

464,7 k €

+42.2% YoY

Gross margin

803,2 k €

-3.5% YoY

Equity

50,8 M €

+0.9% YoY

Workforce

1,0 ETP

0.0% YoY

What does E-STATE do?

E-STATE is a Private limited company incorporated in 1999. Its main activity is: Management consultancy activities. Its registered office is in Uccle. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.809.530

Incorporation

07/09/1999

Legal form

Private limited company

Registered office

Avenue des Sorbiers 18
1180 Uccle · BruxellesSee on map

Contributed capital

38 514 259,20 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 73200Market research and public opinion polling 73200Market research and public opinion polling 74131Specialised design activities 70100Activities of head offices+9

Joint committees (5)

100
1000
144
200
2000

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	803,2 k €	-3.5%	832,1 k €	-73.1%	3,1 M €	+178%	1,1 M €	+38.5%	800,9 k €	+86.4%	429,6 k €	-6.0%	456,9 k €	+79.5%	254,6 k €	-83.2%	1,5 M €	-22.5%	2 M €	+6.0%	1,8 M €	+40.7%	1,3 M €	+188%	455,4 k €	-5.3%	480,8 k €	-35.2%	741,6 k €	+177%	267,7 k €	-74.2%	1 M €	-44.3%	1,9 M €	+19.3%	1,6 M €	+67.2%	932,5 k €
EBITDA	746,5 k €	+11.4%	670,1 k €	-77.9%	3 M €	+190%	1 M €	+43.2%	730,5 k €	+85.1%	394,6 k €	-11.0%	443,3 k €	+25.5%	353,3 k €	-77.6%	1,6 M €	-25.7%	2,1 M €	+19.7%	1,8 M €	+40.1%	1,3 M €	+116%	586,3 k €	+29.2%	453,9 k €	-36.0%	709,4 k €	+58.0%	449 k €	-56.3%	1 M €	-23.8%	1,3 M €	-4.1%	1,4 M €	+53.3%	917,4 k €
Operating result	538,3 k €	+25.7%	428,2 k €	-83.6%	2,6 M €	+272%	702,5 k €	+471%	123 k €	+222%	-101,2 k €	-188%	115,3 k €	+2122%	5,2 k €	-99.6%	1,2 M €	-21.1%	1,5 M €	+6.9%	1,4 M €	+36.4%	1 M €	+8621%	11,7 k €	-96.3%	313,6 k €	-45.5%	575,5 k €	+80.2%	319,3 k €	-58.9%	776,6 k €	-39.2%	1,3 M €	-1.5%	1,3 M €	+59.9%	811,7 k €
Net result	464,7 k €	+42.2%	326,8 k €	-67.7%	1 M €	-54.2%	2,2 M €	+31.0%	1,7 M €	+1570%	-114,8 k €	-2400%	5 k €	+121%	-23,4 k €	-102%	947,6 k €	+1.7%	932 k €	-4.2%	972,7 k €	+28.3%	758,1 k €	+1415%	50 k €	-78.9%	237,6 k €	-44.8%	430,5 k €	-0.8%	433,8 k €	-25.4%	581,7 k €	-41.3%	991,2 k €	-0.2%	993,5 k €	+32.5%	749,6 k €
Balance sheet
Equity	50,8 M €	+0.9%	50,3 M €	+0.7%	49,9 M €	+2.1%	48,9 M €	+4.3%	46,9 M €	+598%	6,7 M €	-1.7%	6,8 M €	+0.1%	6,8 M €	-0.3%	6,8 M €	+16.1%	5,9 M €	+18.8%	5 M €	+24.3%	4 M €	+17.9%	3,4 M €	-1.5%	3,4 M €	+0.2%	3,4 M €	+0.0%	3,4 M €	+0.1%	3,4 M €	+11.3%	3,1 M €	+42.5%	2,2 M €	+39.6%	1,5 M €
Total assets	55,5 M €	-0.1%	55,6 M €	-0.4%	55,8 M €	+2.3%	54,5 M €	+3.6%	52,6 M €	+371%	11,2 M €	-3.7%	11,6 M €	-3.5%	12 M €	-0.4%	12,1 M €	-10.9%	13,6 M €	+29.5%	10,5 M €	+18.3%	8,8 M €	+8.8%	8,1 M €	+36.1%	6 M €	+2.1%	5,8 M €	-6.7%	6,3 M €	+1.1%	6,2 M €	+25.4%	4,9 M €	+10.8%	4,5 M €	+29.1%	3,5 M €
Cash	2,1 M €	-50.6%	4,3 M €	+5.5%	4 M €	-34.9%	6,2 M €	+38.3%	4,5 M €	+252%	1,3 M €	-57.9%	3 M €	+14.9%	2,6 M €	-13.9%	3,1 M €	-17.2%	3,7 M €	+37.2%	2,7 M €	+105%	1,3 M €	+165%	497,6 k €	-69.5%	1,6 M €	+295%	412,7 k €	-78.7%	1,9 M €	+4.3%	1,9 M €	+136%	785,8 k €	-50.1%	1,6 M €	+108%	758,3 k €
Debts	4,4 M €	-10.5%	5 M €	-10.0%	5,5 M €	-0.0%	5,5 M €	-1.5%	5,6 M €	+29.4%	4,3 M €	-6.6%	4,6 M €	-8.1%	5 M €	+2.0%	4,9 M €	-12.9%	5,7 M €	+15.4%	4,9 M €	+14.0%	4,3 M €	+2.2%	4,2 M €	+128%	1,9 M €	+7.3%	1,7 M €	-19.2%	2,1 M €	+8.8%	2 M €	+86.4%	1,1 M €	-47.0%	2 M €	+14.5%	1,7 M €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+100%	0,5 ETP		–		–		–		0,2 ETP		–		–		–		0,3 ETP	0.0%	0,3 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 · 9 ended

Active mandates

Edouard CLERMONT

Director · since 15 novembre 2022

Active

Amandine Poli

Director · since 29 novembre 2021

Active

Gaetan CLERMONT

Director · since 29 novembre 2021

Active

Louis Clermont

Director · since 29 novembre 2021

Active

Ended mandates

CYNTHIA HOMBERGEN

Manager · since 01 septembre 1999

Ended

GAETAN CLERMONT

Director · since 01 septembre 1999

Ended

GAETAN CLERMONT

Manager · since 01 septembre 1999

Ended

Amandine Poli

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
SORBIMMO● Active	0449.004.585

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	28/07/2026	19/06/2025	19/06/2024	06/07/2023	29/06/2022	27/09/2021
General meeting	30/06/2026	10/06/2025	31/05/2024	15/02/2023	15/02/2022	15/02/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	28/07/2026	French	PDF
Abridged model	31/12/2024	10/06/2025	19/06/2025	French	PDF
Abridged model	31/12/2023	31/05/2024	19/06/2024	French	PDF
Abridged model	31/12/2022	15/02/2023	06/07/2023	French	PDF
Abridged model	31/12/2021	15/02/2022	29/06/2022	French	PDF
Abridged model	31/12/2020	15/02/2021	27/09/2021	French	PDF
Abridged model	31/12/2019	30/04/2020	01/07/2020	French	PDF
Abridged model	31/12/2018	18/04/2019	21/05/2019	French	PDF
Abridged model	31/12/2017	24/05/2018	29/06/2018	French	PDF
Abridged model	31/12/2016	23/03/2017	09/05/2017	French	PDF
Abridged model	31/12/2015	24/03/2016	09/06/2016	French	PDF
Abridged model	31/12/2014	26/03/2015	05/05/2015	French	PDF
Abridged model	31/12/2013	25/03/2014	06/05/2014	French	PDF
Abridged model	31/12/2012	25/03/2013	17/05/2013	French	PDF
Abridged model	31/12/2011	26/03/2012	29/06/2012	French	PDF
Abridged model	31/12/2010	25/03/2011	18/05/2011	French	PDF
Abridged model	31/12/2009	26/03/2010	09/06/2010	French	PDF
Abridged model	31/12/2008	27/03/2009	27/04/2009	French	PDF
Abridged model	31/12/2007	15/02/2008	27/05/2008	French	PDF
Abridged model	31/12/2006	15/02/2007	25/04/2007	French	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 · 9 ended

Active mandates

Edouard CLERMONT

Director · since 15 novembre 2022

Active

Amandine Poli

Director · since 29 novembre 2021

Active

Gaetan CLERMONT

Director · since 29 novembre 2021

Active

Louis Clermont

Director · since 29 novembre 2021

Active

Ended mandates

CYNTHIA HOMBERGEN

Manager · since 01 septembre 1999

Ended

GAETAN CLERMONT

Director · since 01 septembre 1999

Ended

GAETAN CLERMONT

Manager · since 01 septembre 1999

Ended

Amandine Poli

Mandate

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other20/02/2026
DIVERS
PDF
Registered office08/08/2023
SIEGE SOCIAL
PDF
Mandates09/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates06/12/2021
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates06/12/2017
DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Registered office23/08/2013
SIEGE SOCIAL
PDF
Mandates21/08/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates10/05/2010
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 2025464,7 k €↑
2024
Annual accounts 2024326,8 k €↓
2023
Annual accounts 20231 M €↓
2022
Annual accounts 20222,2 M €↑
15/11/2022
nominationClermont Edouard — administrateur
2021
Annual accounts 20211,7 M €↑
2020
Annual accounts 2020-114,8 k €↓
2019
Annual accounts 20195 k €↑
2018
Annual accounts 2018-23,4 k €↓
2017
Annual accounts 2017947,6 k €↑
2017
Name changeE-STATE
2016
Annual accounts 2016932 k €↓
2015
Annual accounts 2015972,7 k €↑
2014
Annual accounts 2014758,1 k €↑
2013
Annual accounts 201350 k €↓
2012
Annual accounts 2012237,6 k €↓
2011
Annual accounts 2011430,5 k €↓
2010
Annual accounts 2010433,8 k €↓
2009
Annual accounts 2009581,7 k €↓
2008
Annual accounts 2008991,2 k €↓
2007
Annual accounts 2007993,5 k €↑
2006
Annual accounts 2006749,6 k €
2006
Name changeGAETAN CLERMONT
07/09/1999
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

E-STATE

Overview

What does E-STATE do?

Trend over 20 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