ACTIVE

BOULLE

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Financial year 2025 · closed on 30/06/2025

Net result

-10,2 k €

+69.0% YoY

Gross margin

19,7 k €

+393.6% YoY

Equity

200,8 k €

-4.8% YoY

What does BOULLE do?

BOULLE is a Private company with limited liability incorporated in 1999. Its main activity is: Management consultancy activities. Its registered office is in Ramillies.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0467.089.939

Incorporation

15/10/1999

Legal form

Private company with limited liability

Registered office

Rue de Beaulieu 1
1367 Ramillies · WallonieSee on map

Contributed capital

36 355,32 €

Latest accounts

30/06/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (1)

Signals

Solid equityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	19,7 k €	+394%	-6,7 k €	+94.6%	-125,2 k €	-514%	30,2 k €	-58.7%	73,2 k €	+1.2%	72,3 k €	-3.7%	75,1 k €	-10.0%	83,4 k €	+550%	12,8 k €	-78.9%	60,8 k €	-9.5%	67,2 k €	+7.3%	62,6 k €	+139%	26,2 k €	+197%	-26,9 k €	+14.0%	-31,3 k €	-217%	26,7 k €	-75.5%	108,9 k €	+55.1%	70,2 k €
EBITDA	14,7 k €	+257%	-9,4 k €	+92.6%	-127,5 k €	-553%	28,2 k €	-54.3%	61,6 k €	-6.2%	65,7 k €	-8.3%	71,6 k €	-9.3%	79 k €	+831%	8,5 k €	-82.4%	48,2 k €	-23.7%	63,1 k €	+10.5%	57,1 k €	+119%	26,1 k €	+197%	-26,9 k €	+14.3%	-31,4 k €	-448%	-5,7 k €	-106%	91,9 k €	+70.3%	53,9 k €
Operating result	-7 k €	+75.8%	-28,8 k €	+77.6%	-128,8 k €	-573%	27,2 k €	-40.7%	45,9 k €	+4.3%	44 k €	-10.9%	49,4 k €	-10.2%	55 k €	+709%	-9 k €	-136%	25,3 k €	-50.2%	50,8 k €	+19.0%	42,7 k €	+859%	-5,6 k €	+90.4%	-58,6 k €	+8.0%	-63,7 k €	-156%	-24,9 k €	-138%	66,3 k €	+129%	28,9 k €
Net result	-10,2 k €	+69.0%	-32,8 k €	+75.0%	-131,3 k €	-741%	20,5 k €	-27.9%	28,4 k €	+30.3%	21,8 k €	-22.8%	28,2 k €	-15.6%	33,5 k €	+351%	-13,4 k €	-204%	12,8 k €	-70.0%	42,7 k €	+41.5%	30,2 k €	+232%	-23 k €	+70.5%	-77,9 k €	+7.4%	-84,2 k €	-116%	-39,1 k €	-123%	173,6 k €	+2958%	5,7 k €
Balance sheet
Equity	200,8 k €	-4.8%	210,9 k €	-13.4%	243,7 k €	-35.0%	375 k €	+15.9%	323,5 k €	+9.6%	295,1 k €	+8.0%	273,3 k €	+11.5%	245,1 k €	+15.8%	211,6 k €	-5.9%	225 k €	+23.5%	182,1 k €	+30.7%	139,4 k €	+27.7%	109,2 k €	-17.4%	132,1 k €	-37.1%	210,1 k €	-28.6%	294,3 k €	-11.7%	333,3 k €	+109%	159,8 k €
Total assets	383,6 k €	-9.1%	422 k €	+10.5%	382 k €	-10.0%	424,6 k €	+10.1%	385,7 k €	-1.9%	393,3 k €	-7.4%	424,8 k €	-4.5%	444,7 k €	+1.3%	438,9 k €	-10.4%	490,1 k €	+10.6%	443 k €	-3.5%	459 k €	+2.4%	448,3 k €	-6.1%	477,3 k €	-6.5%	510,4 k €	-15.2%	602,1 k €	-18.9%	742,9 k €	+18.9%	624,6 k €
Cash	12,2 k €	-61.6%	31,7 k €	-0.0%	31,7 k €	-59.6%	78,4 k €	+512%	12,8 k €	-7.6%	13,9 k €	+79.5%	7,7 k €	-59.4%	19 k €	-13.4%	22 k €	-15.6%	26,1 k €	+309%	6,4 k €	+217%	2 k €	-62.8%	5,4 k €	-17.3%	6,5 k €	+0.6%	6,5 k €	-39.0%	10,6 k €	-95.0%	214,4 k €	+731%	25,8 k €
Debts	182,8 k €	-13.4%	211,1 k €	+89.0%	111,7 k €	+127%	49,1 k €	-20.5%	61,8 k €	-37.0%	98,2 k €	-35.2%	151,5 k €	-24.1%	199,7 k €	-12.2%	227,3 k €	-14.0%	264,5 k €	+1.6%	260,2 k €	-18.4%	318,9 k €	-5.5%	337,5 k €	-1.8%	343,9 k €	+15.1%	298,7 k €	-2.3%	305,6 k €	-24.8%	406,3 k €	-12.2%	462,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,4 ETP	0.0%	0,4 ETP	0.0%	0,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 9 ended

Active mandates

Alain BOULLE

Director

Active

Sandrine HERPIN

Director

Active

Ended mandates

Alain Boulle

Director · since 01 juin 2009

Ended

SANDRINE HERPIN

Administrator - manager · since 13 décembre 2006

Ended

Sandrine Herpin

Director · since 26 octobre 1999

Ended

Alain Boulle

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
ARJUMA● Active	0761.631.132

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	04/02/2026	17/02/2025	22/02/2024	02/02/2023	31/01/2022	01/02/2021
General meeting	19/12/2025	20/12/2024	15/12/2023	16/12/2022	17/12/2021	18/12/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	19/12/2025	04/02/2026	French	PDF
Micro model	30/06/2024	20/12/2024	17/02/2025	French	PDF
Micro model	30/06/2023	15/12/2023	22/02/2024	French	PDF
Micro model	30/06/2022	16/12/2022	02/02/2023	French	PDF
Micro model	30/06/2021	17/12/2021	31/01/2022	French	PDF
Abridged model	30/06/2020	18/12/2020	01/02/2021	French	PDF
Abridged model	30/06/2019	20/12/2019	31/01/2020	French	PDF
Abridged model	30/06/2018	21/12/2018	31/03/2019	French	PDF
Micro model	30/06/2017	15/12/2017	28/02/2018	French	PDF
Abridged model	30/06/2016	16/12/2016	23/02/2017	French	PDF
Abridged model	30/06/2015	18/12/2015	14/01/2016	French	PDF
Abridged model	31/12/2013	31/05/2014	29/09/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	31/05/2012	24/08/2012	French	PDF
Abridged model	31/12/2010	31/05/2011	09/09/2011	French	PDF
Abridged model	31/12/2009	31/05/2010	22/07/2010	French	PDF
Abridged model	31/12/2008	01/06/2009	20/06/2009	French	PDF
Abridged model	31/12/2007	31/05/2008	05/07/2008	French	PDF
Abridged model	31/12/2006	31/05/2007	09/07/2007	French	PDF

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.

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 30/06/2025 · 2 active · 9 ended

Active mandates

Alain BOULLE

Director

Active

Sandrine HERPIN

Director

Active

Ended mandates

Alain Boulle

Director · since 01 juin 2009

Ended

SANDRINE HERPIN

Administrator - manager · since 13 décembre 2006

Ended

Sandrine Herpin

Director · since 26 octobre 1999

Ended

Alain Boulle

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office03/01/2023
SIEGE SOCIAL
PDF
Mandates20/01/2015
SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE
PDF
Mandates23/12/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates19/08/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates21/12/2006
DENOMINATION - CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025-10,2 k €↑
2024
Annual accounts 2024-32,8 k €↑
2023
Annual accounts 2023-131,3 k €↓
2022
Annual accounts 202220,5 k €↓
2020
Annual accounts 202028,4 k €↑
2019
Annual accounts 201921,8 k €↓
2018
Annual accounts 201828,2 k €↓
2017
Annual accounts 201733,5 k €↑
2016
Annual accounts 2016-13,4 k €↓
2015
Annual accounts 201512,8 k €↓
2013
Annual accounts 201342,7 k €↑
2012
Annual accounts 201230,2 k €↑
2011
Annual accounts 2011-23 k €↑
2010
Annual accounts 2010-77,9 k €↑
2009
Annual accounts 2009-84,2 k €↓
2008
Annual accounts 2008-39,1 k €↓
2007
Annual accounts 2007173,6 k €↑
2006
Annual accounts 20065,7 k €
15/10/1999
IncorporationPrivate company with limited liability

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

BOULLE

Overview

What does BOULLE 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