ACTIVE

GEREFIS

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Financial year 2025 · closed on 31/12/2025

Net result

3 M €

-51.2% YoY

Revenue

3 M €

+100.0% YoY

Equity

439,8 M €

+0.3% YoY

Workforce

1,6 ETP

+23.1% YoY

What does GEREFIS do?

GEREFIS is a Public limited company incorporated in 2000. Its main activity is: Management consultancy activities. Its registered office is in Rixensart. It employs on average 1,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0470.099.018

Incorporation

27/01/2000

Legal form

Public limited company

Registered office

Rue de Tombeek 5
1331 Rixensart · WallonieSee on map

Contributed capital

35 544 311,50 €

Latest accounts

31/12/2025

Average workforce

1,6 ETP

Activities (NACE)

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

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	3 M €	+100%	1,5 M €	+22.7%	1,2 M €	+56.4%	768,8 k €	-1.3%	779,2 k €	+17.1%	665,6 k €	+5.4%	631,8 k €	-4.6%	662,2 k €		–		–		–		–		–		–		–		–		–		–
EBITDA	2,2 M €	+151%	878,3 k €	+91.1%	459,7 k €	+47.5%	311,6 k €	-47.8%	597,1 k €	+4.3%	572,6 k €	+31.9%	434 k €	-18.0%	529,1 k €	-25.0%	705,6 k €	+81.1%	389,6 k €	+99.0%	195,8 k €	+66.2%	117,8 k €	+33.3%	88,3 k €	+795%	9,9 k €	-86.9%	75,6 k €	+15.6%	65,4 k €	-14.6%	76,6 k €	+9.5%	70 k €
Operating result	1,9 M €	+210%	626,9 k €	+152%	248,4 k €	+86.2%	133,4 k €	-69.0%	430,1 k €	-0.2%	430,9 k €	+69.3%	254,5 k €	-27.7%	352 k €	-17.2%	425,3 k €	+92.4%	221,1 k €	+242%	-156 k €	-399%	52,2 k €	+922%	5,1 k €	+106%	-83,2 k €	-955%	-7,9 k €	+46.9%	-14,9 k €	-374%	-3,1 k €	+48.3%	-6,1 k €
Net result	3 M €	-51.2%	6,1 M €	+126%	2,7 M €	-36.9%	4,3 M €	+31.1%	3,2 M €	+266%	-2 M €	-455%	551,9 k €	-6.5%	590,3 k €	+20.7%	489 k €	-58.7%	1,2 M €	+559%	179,9 k €	-53.2%	384,9 k €	+41.1%	272,8 k €	-7.1%	293,7 k €	+19.1%	246,6 k €	+389%	-85,2 k €	-142%	204,5 k €	-5.1%	215,4 k €
Balance sheet
Equity	439,8 M €	+0.3%	438,6 M €	+0.5%	436,6 M €	+0.3%	435,4 M €	+0.6%	432,6 M €	+3468%	12,1 M €	-11.3%	13,7 M €	+4.2%	13,1 M €	+3.7%	12,7 M €	+3.0%	12,3 M €	+9.5%	11,2 M €	+1.6%	11 M €	+0.7%	11 M €	+0.4%	10,9 M €	+0.8%	10,8 M €	+0.9%	10,7 M €	-0.8%	10,8 M €	+1.9%	10,6 M €
Total assets	443,8 M €	+0.4%	442,2 M €	+0.5%	440 M €	+0.5%	438 M €	-0.0%	438,2 M €	+98.9%	220,3 M €	+1285%	15,9 M €	-1.6%	16,2 M €	-0.5%	16,2 M €	+0.5%	16,2 M €	-9.3%	17,8 M €	+22.9%	14,5 M €	+3.4%	14 M €	+1.6%	13,8 M €	+4.2%	13,2 M €	+3.4%	12,8 M €	+4.1%	12,3 M €	+1.8%	12,1 M €
Cash	941,1 k €	+68.4%	558,7 k €	-23.5%	730,1 k €	-53.8%	1,6 M €	-3.0%	1,6 M €	+379%	340,1 k €	-55.9%	770,5 k €	+1.7%	757,8 k €	-16.1%	902,9 k €	-52.5%	1,9 M €	+31.6%	1,4 M €	+4.3%	1,4 M €	+48.2%	934,4 k €	+3.5%	903 k €	+31.9%	684,8 k €	+340%	155,6 k €	-4.1%	162,3 k €	+4.7%	155,1 k €
Debts	3,9 M €	+13.2%	3,4 M €	+3.9%	3,3 M €	+25.3%	2,6 M €	-53.0%	5,6 M €	-97.3%	208,1 M €	+9219%	2,2 M €	-26.5%	3 M €	-15.3%	3,6 M €	-7.2%	3,9 M €	-41.3%	6,6 M €	+90.9%	3,4 M €	+12.8%	3,1 M €	+6.1%	2,9 M €	+19.8%	2,4 M €	+16.4%	2,1 M €	+40.7%	1,5 M €	+0.9%	1,5 M €
Other
Workforce	1,6 ETP	+23.1%	1,3 ETP	-7.1%	1,4 ETP	-6.7%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	+66.7%	0,9 ETP	+200%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	+50.0%	0,2 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 20 ended

Active mandates

Bajart

Director · since 01 janvier 2026 · until 16 juin 2032 · 1030.847.704

Represented by Barbara du Bois

Active

Beuzz Management

Director · since 18 juin 2025 · until 18 juin 2031 · 1023.598.834

Represented by Louis du Bois

Active

Carine Moumal

Director · since 21 juin 2023 · until 20 juin 2029

Active

Marc du Bois

Director · since 21 juin 2023 · until 20 juin 2029

Active

Barbara du Bois

Director · since 17 juin 2020 · until 01 janvier 2026

Active

Louis du Bois

Director · since 17 juin 2020 · until 18 juin 2025

Active

Ended mandates

Marc du Bois

Managing director · since 21 juin 2023 · until 20 juin 2029

Ended

Barbara du Bois

Director · since 17 juin 2020 · until 17 juin 2026

Ended

Louis du Bois

Director · since 17 juin 2020 · until 17 juin 2026

Ended

Carine Moumal

Director · since 21 juin 2017 · until 21 juin 2023

Ended

At this address

Other companies at this address

Company	CBE no.
FINANCES ET INDUSTRIES● Active	0430.083.449
Fondation MACDUB● Active	0680.839.040

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	27/07/2026	18/07/2025	28/06/2024	27/06/2023	15/07/2022	14/07/2021
General meeting	17/06/2026	18/06/2025	19/06/2024	21/06/2023	21/06/2022	16/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	17/06/2026	27/07/2026	French	PDF
Full model	31/12/2024	18/06/2025	18/07/2025	French	PDF
Full model	31/12/2023	19/06/2024	28/06/2024	French	PDF
Full model	31/12/2022	21/06/2023	27/06/2023	French	PDF
Full model	31/12/2021	21/06/2022	15/07/2022	French	PDF
Full model	31/12/2020	16/06/2021	14/07/2021	French	PDF
Full model	31/12/2019	17/06/2020	15/07/2020	French	PDF
Full model	31/12/2018	19/06/2019	01/07/2019	French	PDF
Full model	31/12/2017	20/06/2018	03/07/2018	French	PDF
Full model	31/12/2016	21/06/2017	17/07/2017	French	PDF
Abridged model	31/12/2015	15/06/2016	13/07/2016	French	PDF
Abridged model	31/12/2014	17/06/2015	28/08/2015	French	PDF
Abridged model	31/12/2013	18/06/2014	31/07/2014	French	PDF
Abridged model	31/12/2012	19/06/2013	28/06/2013	French	PDF
Abridged model	31/12/2011	20/06/2012	16/07/2012	French	PDF
Abridged model	31/12/2010	15/06/2011	08/07/2011	French	PDF
Abridged modelCorrection	31/12/2009	15/09/2010	11/10/2010	French	PDF
Abridged model	31/12/2009	16/06/2010	28/06/2010	French	PDF
Abridged model	31/12/2008	17/06/2009	22/06/2009	French	PDF
Abridged model	31/12/2007	18/06/2008	02/07/2008	French	PDF
Abridged model	31/12/2006	20/06/2007	13/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 6 active · 20 ended

Active mandates

Bajart

Director · since 01 janvier 2026 · until 16 juin 2032 · 1030.847.704

Represented by Barbara du Bois

Active

Beuzz Management

Director · since 18 juin 2025 · until 18 juin 2031 · 1023.598.834

Represented by Louis du Bois

Active

Carine Moumal

Director · since 21 juin 2023 · until 20 juin 2029

Active

Marc du Bois

Director · since 21 juin 2023 · until 20 juin 2029

Active

Barbara du Bois

Director · since 17 juin 2020 · until 01 janvier 2026

Active

Louis du Bois

Director · since 17 juin 2020 · until 18 juin 2025

Active

Ended mandates

Marc du Bois

Managing director · since 21 juin 2023 · until 20 juin 2029

Ended

Barbara du Bois

Director · since 17 juin 2020 · until 17 juin 2026

Ended

Louis du Bois

Director · since 17 juin 2020 · until 17 juin 2026

Ended

Carine Moumal

Director · since 21 juin 2017 · until 21 juin 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates30/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates25/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates14/07/2023
DEMISSIONS, NOMINATIONS
PDF
Capital / shares25/01/2021
CAPITAL, ACTIONS
PDF
Restructuring18/08/2020
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates06/08/2020
DEMISSIONS, NOMINATIONS
PDF
Restructuring03/04/2020
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
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

09/02/2026
reconductionCarine Moumal — administrateur
09/02/2026
reconductionMarc du Bois — administrateur
09/02/2026
reconductionBeuzz Management S.R.L. — administrateur
09/02/2026
nominationMarc du Bois — Président du conseil d'administration
01/01/2026
nominationBajart — administrateur
2025
Annual accounts 20253 M €↓
18/06/2025
nominationBeuzz Management — administrateur
2024
Annual accounts 20246,1 M €↑
2023
Annual accounts 20232,7 M €↓
21/06/2023
reconductionMarc du Bois — administrateur
21/06/2023
reconductionCarine Moumal — administrateur
21/06/2023
nominationMarc du Bois — Président du conseil d'administration
2022
Annual accounts 20224,3 M €↑
2021
Annual accounts 20213,2 M €↑
2019
Annual accounts 2019-2 M €↓
2017
Annual accounts 2017551,9 k €↓
2016
Annual accounts 2016590,3 k €↑
2015
Annual accounts 2015489 k €↓
2014
Annual accounts 20141,2 M €↑
2013
Annual accounts 2013179,9 k €↓
2012
Annual accounts 2012384,9 k €↑
2011
Annual accounts 2011272,8 k €↓
2010
Annual accounts 2010293,7 k €↑
2009
Annual accounts 2009246,6 k €↑
2008
Annual accounts 2008-85,2 k €↓
2007
Annual accounts 2007204,5 k €↓
2006
Annual accounts 2006215,4 k €
27/01/2000
IncorporationPublic 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

GEREFIS

Overview

What does GEREFIS 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