ACTIVE

COUVREUR FINANCES

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Financial year 2025 · closed on 31/12/2025

Net result

28,1 k €

-35.0% YoY

Gross margin

90,5 k €

+18.9% YoY

Equity

1,6 M €

+1.7% YoY

What does COUVREUR FINANCES do?

COUVREUR FINANCES is a Private limited company incorporated in 1999. Its main activity is: Management consultancy activities. Its registered office is in Evere.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0467.066.183

Incorporation

14/10/1999

Legal form

Private limited company

Registered office

Rue Adolphe De Brandt 71 box 13
1140 Evere · BruxellesSee on map

Contributed capital

6 197,33 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ 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	90,5 k €	+18.9%	76,1 k €	+7.3%	70,9 k €	-0.9%	71,6 k €	-4.5%	75 k €	-30.5%	107,9 k €	-89.7%	1 M €	+116%	482,4 k €	-8.5%	527,4 k €	+3.1%	511,5 k €	+15.1%	444,3 k €	+5.0%	423 k €	+11.3%	380 k €	+5.7%	359,6 k €	+6.5%	337,7 k €	+21.7%	277,5 k €	+7.3%	258,7 k €	+99.8%	129,4 k €	+8.0%	119,9 k €	+25.1%	95,8 k €
EBITDA	85,4 k €	+20.3%	71 k €	+7.3%	66,2 k €	-1.6%	67,2 k €	-5.3%	71 k €	-31.7%	103,9 k €	-90.0%	1 M €	+201%	345,1 k €	-15.2%	407,2 k €	+2.3%	397,9 k €	+18.4%	336,1 k €	+3.9%	323,3 k €	+15.9%	278,9 k €	+7.4%	259,8 k €	+6.0%	245,2 k €	+30.3%	188,1 k €	+3.7%	181,4 k €	+101%	90,3 k €	+9.3%	82,6 k €	+36.8%	60,4 k €
Operating result	14,6 k €	-65.2%	41,8 k €	-6.3%	44,6 k €	-7.2%	48,1 k €	+16.1%	41,4 k €	-45.3%	75,8 k €	-92.3%	977,6 k €	+200%	326 k €	-16.0%	388 k €	+0.9%	384,5 k €	+32.8%	289,5 k €	-8.6%	316,7 k €	+60.3%	197,6 k €	+11.4%	177,4 k €	+11.2%	159,6 k €	+55.1%	102,9 k €	+3.9%	99 k €	+13.0%	87,6 k €	+14.5%	76,5 k €	+41.3%	54,1 k €
Net result	28,1 k €	-35.0%	43,2 k €	+3.2%	41,8 k €	+17.7%	35,5 k €	+32.4%	26,8 k €	-48.5%	52,1 k €	-91.7%	631,2 k €	+194%	214,4 k €	-7.9%	232,8 k €	-0.0%	232,8 k €	+20.7%	192,8 k €	-8.5%	210,8 k €	+63.1%	129,2 k €	+9.8%	117,7 k €	+11.9%	105,1 k €	+73.1%	60,8 k €	+8.4%	56,1 k €	-10.9%	62,9 k €	+19.6%	52,6 k €	+32.5%	39,7 k €
Balance sheet
Equity	1,6 M €	+1.7%	1,6 M €	+2.7%	1,5 M €	+2.7%	1,5 M €	-10.6%	1,7 M €	-10.1%	1,9 M €	+2.9%	1,8 M €	+37.1%	1,3 M €	+17.4%	1,1 M €	+23.5%	905,6 k €	+30.9%	691,7 k €	+33.6%	517,9 k €	+57.9%	328,1 k €	+10.9%	295,8 k €	+66.0%	178,2 k €	+144%	73 k €	-65.6%	212,3 k €	+35.9%	156,2 k €	+67.5%	93,3 k €	-34.8%	143 k €
Total assets	1,6 M €	+1.6%	1,6 M €	+1.8%	1,6 M €	-8.9%	1,7 M €	-9.3%	1,9 M €	-4.8%	2 M €	-0.4%	2 M €	+32.1%	1,5 M €	+11.6%	1,3 M €	+13.1%	1,2 M €	+22.5%	971,6 k €	+42.6%	681,3 k €	+36.0%	501,1 k €	-2.7%	514,9 k €	+15.3%	446,4 k €	-21.4%	568,2 k €	-0.3%	569,7 k €	+221%	177,6 k €	-16.8%	213,4 k €	+35.4%	157,6 k €
Cash	304,9 k €	-52.1%	637,2 k €	-17.3%	770,4 k €	+21.0%	636,6 k €	-52.2%	1,3 M €	-0.8%	1,3 M €	+0.3%	1,3 M €	+27.3%	1,1 M €	+17.6%	894,3 k €	+13.7%	786,8 k €	+36.0%	578,6 k €	+8.4%	533,6 k €	+37.0%	389,6 k €	+21.5%	320,6 k €	+73.6%	184,6 k €	-20.8%	233,2 k €	+42.3%	163,9 k €	+131%	70,8 k €	-62.5%	188,8 k €	+50.7%	125,3 k €
Debts	10,8 k €	-14.1%	12,5 k €	-51.4%	25,8 k €	-88.1%	217,4 k €	+0.4%	216,5 k €	+74.8%	123,9 k €	-32.6%	183,8 k €	-2.8%	189,1 k €	-17.0%	228 k €	-19.8%	284,3 k €	+1.6%	279,9 k €	+71.2%	163,4 k €	-5.6%	173 k €	-21.0%	219 k €	-18.3%	268 k €	-45.9%	495,1 k €	+38.5%	357,4 k €	+1570%	21,4 k €	-82.2%	120,1 k €	+726%	14,5 k €
Other
Workforce	–		–		–		–		–		–		–		1,9 ETP	0.0%	1,9 ETP	0.0%	1,9 ETP	0.0%	1,9 ETP	0.0%	1,9 ETP	0.0%	1,9 ETP	-5.0%	2,0 ETP	0.0%	2,0 ETP	+17.6%	1,7 ETP	-15.0%	2,0 ETP	+100%	1,0 ETP	0.0%	1,0 ETP	+11.1%	0,9 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 31/12/2025 · 2 active · 5 ended

Active mandates

COUVREUR Muriel

Director · since 01 janvier 2019

Active

LUC VAN ROYE

Director · since 14 octobre 1999

Active

Ended mandates

Muriel COUVREUR

Manager · since 01 janvier 2019

Ended

Muriel COUVREUR

Manager · since 05 janvier 2009

Ended

VAN ROYE Luc

Manager · since 14 octobre 1999

Ended

COUVREUR Pierre

Manager

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	Micro 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	29/07/2026	21/06/2025	23/07/2024	29/06/2023	25/06/2022	26/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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
Micro model	31/12/2025	29/05/2026	29/07/2026	French	PDF
Micro model	31/12/2024	30/05/2025	21/06/2025	French	PDF
Micro model	31/12/2023	31/05/2024	23/07/2024	French	PDF
Micro model	31/12/2022	26/05/2023	29/06/2023	French	PDF
Micro model	31/12/2021	27/05/2022	25/06/2022	French	PDF
Micro model	31/12/2020	28/05/2021	26/06/2021	French	PDF
Abridged model	31/12/2019	29/05/2020	02/06/2020	French	PDF
Abridged model	31/12/2018	31/05/2019	12/06/2019	French	PDF
Abridged model	31/12/2017	25/05/2018	04/07/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	29/06/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	15/07/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	29/06/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	12/06/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	03/06/2013	French	PDF
Abridged model	31/12/2011	31/05/2012	01/06/2012	French	PDF
Abridged model	31/12/2010	22/04/2011	09/05/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	29/06/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	25/08/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	10/06/2008	French	PDF
Abridged model	31/12/2006	25/05/2007	14/08/2007	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 31/12/2025 · 2 active · 5 ended

Active mandates

COUVREUR Muriel

Director · since 01 janvier 2019

Active

LUC VAN ROYE

Director · since 14 octobre 1999

Active

Ended mandates

Muriel COUVREUR

Manager · since 01 janvier 2019

Ended

Muriel COUVREUR

Manager · since 05 janvier 2009

Ended

VAN ROYE Luc

Manager · since 14 octobre 1999

Ended

COUVREUR Pierre

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office14/08/2026
SIEGE
PDF
Registered office12/03/2021
SIEGE SOCIAL
PDF
Mandates07/02/2020
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates10/01/2019
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates25/07/2016
DEMISSIONS, NOMINATIONS
PDF
Other15/10/2015
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares03/01/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates12/02/2009
émission et nomination d'un gérant
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 202528,1 k €↓
2024
Annual accounts 202443,2 k €↑
2023
Annual accounts 202341,8 k €↑
2022
Annual accounts 202235,5 k €↑
2021
Annual accounts 202126,8 k €↓
2020
Annual accounts 202052,1 k €↓
2019
Annual accounts 2019631,2 k €↑
2018
Annual accounts 2018214,4 k €↓
2017
Annual accounts 2017232,8 k €↓
2016
Annual accounts 2016232,8 k €↑
2015
Annual accounts 2015192,8 k €↓
2014
Annual accounts 2014210,8 k €↑
2013
Annual accounts 2013129,2 k €↑
2012
Annual accounts 2012117,7 k €↑
2011
Annual accounts 2011105,1 k €↑
2010
Annual accounts 201060,8 k €↑
2009
Annual accounts 200956,1 k €↓
2008
Annual accounts 200862,9 k €↑
2007
Annual accounts 200752,6 k €↑
2006
Annual accounts 200639,7 k €
14/10/1999
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

COUVREUR FINANCES

Overview

What does COUVREUR FINANCES do?

Trend over 20 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