NORMAL SITUATION

DEFINITION

Financial year 2021 · closed on 31/12/2021
Net result
257,3 k €
+668.1% YoY
Equity
338,9 k €
+310.5% YoY

Company — Normal situation.

What does DEFINITION do?

DEFINITION is a company registered in Belgium.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0467.193.570
Legal form
Public limited company
Contributed capital
161 130,79 €
Latest accounts
31/12/2021
Joint committees (1)
  • 218
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin39,3 k €36,7 k €38,9 k €33,1 k €32,2 k €28,4 k €36,9 k €26,7 k €343,6 k €258,5 k €154,5 k €254 k €311,9 k €394,8 k €
EBITDA335 k €-23,5 k €36 k €33,5 k €35,7 k €30 k €29,1 k €25,3 k €33,6 k €22,6 k €84,5 k €72 k €49,1 k €108,4 k €83 k €141,7 k €
Operating result335 k €-46,2 k €13,4 k €11 k €13,6 k €7,9 k €7 k €3,2 k €12 k €4 k €71,3 k €19,3 k €20,2 k €27,9 k €44,3 k €93,1 k €
Net result257,3 k €-45,3 k €10,1 k €8,1 k €10,5 k €8 k €6,2 k €1,6 k €8,2 k €558,2 €61,2 k €6,5 k €4,4 k €12 k €16,9 k €61,8 k €
Balance sheet
Equity338,9 k €82,5 k €128,7 k €120,6 k €113,8 k €104,6 k €97,8 k €92,9 k €92,5 k €85,6 k €86,3 k €26,3 k €21,1 k €17,9 k €-10,6 k €-27,5 k €
Total assets419,7 k €84,2 k €129,8 k €120,9 k €128,8 k €128,3 k €146,3 k €166,6 k €191,5 k €208,8 k €440,4 k €402 k €412,2 k €467,5 k €547,1 k €617,5 k €
Cash419,7 k €50,8 k €72,9 k €37,5 k €24,7 k €7,7 k €6,4 k €4,6 k €13,3 k €10,7 k €70,6 k €13,4 k €12,2 k €26 k €67,5 k €35,3 k €
Debts80,8 k €1,4 k €325,5 €285,8 €15 k €23,7 k €45,8 k €73,7 k €99 k €123,3 k €348,3 k €370 k €389,4 k €441,1 k €557,8 k €642,1 k €
Other
Workforce1,7 ETP1,7 ETP1,7 ETP2,4 ETP4,4 ETP5,4 ETP
Governance

Board of directors

Seen on filing of 31/12/2021 · 2 active · 29 ended

Active mandates

Benoît PIROTTE

Managing director · since 11 mai 2021

Active
Stefaan LAMBERT

Director · since 11 mai 2021

Active

Ended mandates

Marc EVRARD

Managing director · since 12 mai 2020 · until 11 mai 2021

Ended
PIROTTE Benoît

Director · since 12 mai 2020 · until 11 mai 2021

Ended
Marc EVRARD

Managing director · since 14 mai 2019 · until 12 mai 2020

Ended
PIROTTE Benoît

Director · since 14 mai 2019 · until 12 mai 2020

Ended
Annual accounts

Full financial information

202120202019201820172016
Type of accountFull modelFull modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202101/01/202001/01/201901/01/201801/01/201701/01/2016
Closing of the financial year31/12/202131/12/202031/12/201931/12/201831/12/201731/12/2016
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date10/08/202222/07/202118/08/202027/06/201920/07/201820/07/2017
General meeting08/07/202112/05/202014/05/201908/05/201806/07/2017
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202110/08/2022FrenchPDF
Full model31/12/202008/07/202122/07/2021FrenchPDF
Abridged model31/12/201912/05/202018/08/2020FrenchPDF
Abridged model31/12/201814/05/201927/06/2019FrenchPDF
Abridged model31/12/201708/05/201820/07/2018FrenchPDF
Abridged model31/12/201606/07/201720/07/2017FrenchPDF
Abridged model31/12/201510/05/201619/08/2016FrenchPDF
Abridged model31/12/201412/05/201526/05/2015FrenchPDF
Abridged model31/12/201313/05/201406/06/2014FrenchPDF
Abridged model31/12/201225/06/201328/06/2013FrenchPDF
Abridged model31/12/201129/05/201225/06/2012FrenchPDF
Abridged model31/12/201022/06/201130/06/2011FrenchPDF
Abridged model31/12/200929/06/201001/07/2010FrenchPDF
Abridged model31/12/200829/06/200931/07/2009FrenchPDF
Abridged model31/12/200713/06/200820/06/2008FrenchPDF
Abridged model31/12/200628/06/200704/07/2007FrenchPDF
Estimate

Indicative valuation

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 31/12/2021 · 2 active · 29 ended

Active mandates

Benoît PIROTTE

Managing director · since 11 mai 2021

Active
Stefaan LAMBERT

Director · since 11 mai 2021

Active

Ended mandates

Marc EVRARD

Managing director · since 12 mai 2020 · until 11 mai 2021

Ended
PIROTTE Benoît

Director · since 12 mai 2020 · until 11 mai 2021

Ended
Marc EVRARD

Managing director · since 14 mai 2019 · until 12 mai 2020

Ended
PIROTTE Benoît

Director · since 14 mai 2019 · until 12 mai 2020

Ended
Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2021
    Annual accounts 2021257,3 k €
  2. 2020
    Annual accounts 2020-45,3 k €
  3. 2019
    Annual accounts 201910,1 k €
  4. 2018
    Annual accounts 20188,1 k €
  5. 2017
    Annual accounts 201710,5 k €
  6. 2016
    Annual accounts 20168 k €
  7. 2015
    Annual accounts 20156,2 k €
  8. 2014
    Annual accounts 20141,6 k €
  9. 2013
    Annual accounts 20138,2 k €
  10. 2012
    Annual accounts 2012558,2 €
  11. 2011
    Annual accounts 201161,2 k €
  12. 2010
    Annual accounts 20106,5 k €
  13. 2009
    Annual accounts 20094,4 k €
  14. 2008
    Annual accounts 200812 k €
  15. 2007
    Annual accounts 200716,9 k €
  16. 2006
    Annual accounts 200661,8 k €