NORMAL SITUATION

APPROACH

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Financial year 2024 · closed on 31/03/2024

Net result

105,2 k €

+19.7% YoY

Gross margin

250,6 k €

-8.6% YoY

Equity

150,3 k €

-33.2% YoY

Company — Normal situation.

What does APPROACH do?

APPROACH is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0470.963.011

Legal form

Private company with limited liability

Contributed capital

6 200,00 €

Latest accounts

31/03/2024

Joint committees (1)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	250,6 k €	-8.6%	274,1 k €	+105%	133,5 k €	+1499%	8,3 k €	-89.4%	78,6 k €	-24.6%	104,3 k €	-8.9%	114,4 k €	-11.1%	128,7 k €	+18.0%	109,1 k €	-4.9%	114,7 k €	+22.4%	93,7 k €	+71.1%	54,8 k €	-40.2%	91,6 k €	-1.3%	92,8 k €	+29.6%	71,6 k €	-9.5%	79,1 k €	+9.8%	72 k €	+36.2%	52,9 k €
EBITDA	158,8 k €	+15.8%	137,2 k €	+469%	24,1 k €	+156%	-43,2 k €	-836%	-4,6 k €	-193%	4,9 k €	-76.8%	21,3 k €	-59.0%	51,8 k €	+41.4%	36,7 k €	+2.7%	35,7 k €	+8.1%	33 k €	+8.9%	30,3 k €	-16.0%	36,1 k €	-14.2%	42,1 k €	+49.7%	28,1 k €	-20.4%	35,3 k €	+29.7%	27,2 k €	+53.7%	17,7 k €
Operating result	158,8 k €	+15.8%	137,2 k €	+469%	24,1 k €	+155%	-43,5 k €	-842%	-4,6 k €	-247%	3,1 k €	-83.9%	19,4 k €	-61.1%	50 k €	+36.5%	36,7 k €	+2.7%	35,7 k €	+8.1%	33 k €	+8.9%	30,3 k €	-16.0%	36,1 k €	-14.2%	42,1 k €	+49.7%	28,1 k €	-20.4%	35,3 k €	+29.7%	27,2 k €	+53.7%	17,7 k €
Net result	105,2 k €	+19.7%	87,9 k €	+120%	39,9 k €	+312%	-18,8 k €	-1551%	1,3 k €	-72.5%	4,7 k €	-55.8%	10,7 k €	-59.7%	26,5 k €	+43.0%	18,5 k €	-22.8%	24 k €	+22.6%	19,5 k €	+7.9%	18,1 k €	-15.5%	21,4 k €	-18.1%	26,2 k €	+56.3%	16,8 k €	-23.4%	21,9 k €	+32.9%	16,5 k €	+61.1%	10,2 k €
Balance sheet
Equity	150,3 k €	-33.2%	225,1 k €	+64.0%	137,2 k €	+2.4%	133,9 k €	-12.3%	152,7 k €	+0.9%	151,4 k €	+3.2%	146,7 k €	+7.8%	136,1 k €	+24.1%	109,6 k €	+20.3%	91,1 k €	+35.7%	67,2 k €	+41.0%	47,6 k €	+61.4%	29,5 k €	+266%	8,1 k €	-86.5%	59,5 k €	+39.2%	42,8 k €	+105%	20,9 k €	-39.3%	34,4 k €
Total assets	196,8 k €	-33.5%	296,1 k €	+47.5%	200,7 k €	+17.5%	170,9 k €	-38.7%	278,8 k €	-11.3%	314,2 k €	+25.8%	249,7 k €	+2.5%	243,5 k €	+34.3%	181,3 k €	+6.7%	169,9 k €	+20.8%	140,7 k €	-7.6%	152,2 k €	+0.3%	151,7 k €	+31.6%	115,3 k €	-17.7%	140 k €	+49.4%	93,7 k €	-11.2%	105,5 k €	+3.1%	102,3 k €
Cash	155,5 k €	-25.5%	208,8 k €	+117%	96,3 k €	-24.3%	127,2 k €	+5.1%	121,1 k €	-15.5%	143,3 k €	+7.6%	133,2 k €	-14.3%	155,4 k €	+35.1%	115 k €	+42.1%	80,9 k €	+21.7%	66,5 k €	-19.9%	83 k €	+26.9%	65,4 k €	+30.8%	50 k €	+2.7%	48,7 k €	+218%	15,3 k €	-57.1%	35,7 k €	+173%	13,1 k €
Debts	45,8 k €	-33.8%	69,2 k €	+11.9%	61,8 k €	+67.4%	36,9 k €	-70.7%	126 k €	-22.6%	162,7 k €	+58.1%	102,9 k €	-4.2%	107,4 k €	+49.9%	71,7 k €	-9.1%	78,8 k €	+7.1%	73,5 k €	-29.7%	104,6 k €	-14.4%	122,2 k €	+14.0%	107,2 k €	+33.3%	80,4 k €	+58.0%	50,9 k €	-39.8%	84,6 k €	+24.7%	67,9 k €
Other
Workforce	–		–		3,4 ETP	+13.3%	3,0 ETP	+42.9%	2,1 ETP	-4.5%	2,2 ETP	0.0%	2,2 ETP	+10.0%	2,0 ETP	-4.8%	2,1 ETP	-8.7%	2,3 ETP	+35.3%	1,7 ETP	+70.0%	1,0 ETP	-44.4%	1,8 ETP	-30.8%	2,6 ETP	+100%	1,3 ETP	0.0%	1,3 ETP	-7.1%	1,4 ETP	+40.0%	1,0 ETP

Governance

Board of directors

Seen on filing of 31/03/2024 · 4 active · 19 ended

Active mandates

XAVIER GOUWY

Director · since 01 mars 2007

Active

KATELYNE COSSEMENT

Director · since 01 janvier 2005

Active

VINCENT GOUWY

Director · since 01 janvier 2005

Active

LUC GOUWY

Director · since 01 février 2000

Active

Ended mandates

Xavier Gouwy

Manager · since 15 mars 2007

Ended

MARIE GOUWY XAVIER

Director · since 01 mars 2007

Ended

XAVIER MARIE GOUWY

Director · since 01 mars 2007

Ended

ALIX COSSEMENT KATELYNE

Director · since 01 janvier 2005

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019	01/04/2018
Closing of the financial year	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020	31/03/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/11/2024	28/11/2023	30/12/2022	30/10/2021	28/10/2020	31/10/2019
General meeting	30/09/2024	30/09/2023	13/09/2022	30/09/2021	29/09/2020	30/09/2019
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

24 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2024	30/09/2024	02/11/2024	Dutch	PDF
Micro model	31/03/2023	30/09/2023	28/11/2023	Dutch	PDF
Abridged model	31/03/2022	13/09/2022	30/12/2022	Dutch	PDF
Abridged model	31/03/2021	30/09/2021	30/10/2021	Dutch	PDF
Abridged model	31/03/2020	29/09/2020	28/10/2020	Dutch	PDF
Abridged model	31/03/2019	30/09/2019	31/10/2019	Dutch	PDF
Abridged model	31/03/2018	11/09/2018	31/10/2018	Dutch	PDF
Abridged model	31/03/2017	12/09/2017	30/11/2017	Dutch	PDF
Abridged model	31/03/2016	13/09/2016	30/11/2016	Dutch	PDF
Abridged model	31/03/2015	08/09/2015	10/10/2015	Dutch	PDF
Abridged model	31/03/2014	09/09/2014	10/10/2014	Dutch	PDF
Abridged model	31/03/2013	10/09/2013	31/10/2013	Dutch	PDF
Abridged model	31/03/2012	29/09/2012	28/10/2012	Dutch	PDF
Abridged model	31/03/2011	13/09/2011	27/10/2011	Dutch	PDF
Abridged model	31/03/2010	14/09/2010	31/10/2010	Dutch	PDF
Abridged model	31/03/2009	08/09/2009	12/11/2009	Dutch	PDF
Abridged model	31/03/2008	09/09/2008	29/11/2008	Dutch	PDF
Abridged model	31/03/2007	11/09/2007	31/10/2007	Dutch	PDF
Abridged model	31/03/2006	12/09/2006	24/11/2006	Dutch	PDF
Abridged model	31/03/2005	13/09/2005	04/11/2005	Dutch	PDF
Abridged model	31/03/2004	14/09/2004	13/10/2004	Dutch	PDF
Abridged model	31/03/2003	09/09/2003	08/10/2003	Dutch	PDF
Abridged model	31/03/2002	14/11/2002	03/12/2002	Dutch	PDF
Abridged model	31/03/2001	28/11/2001	19/12/2001	Dutch	PDF

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 31/03/2024 · 4 active · 19 ended

Active mandates

XAVIER GOUWY

Director · since 01 mars 2007

Active

KATELYNE COSSEMENT

Director · since 01 janvier 2005

Active

VINCENT GOUWY

Director · since 01 janvier 2005

Active

LUC GOUWY

Director · since 01 février 2000

Active

Ended mandates

Xavier Gouwy

Manager · since 15 mars 2007

Ended

MARIE GOUWY XAVIER

Director · since 01 mars 2007

Ended

XAVIER MARIE GOUWY

Director · since 01 mars 2007

Ended

ALIX COSSEMENT KATELYNE

Director · since 01 janvier 2005

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution08/01/2025
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
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

2024
Annual accounts 2024105,2 k €↑
2023
Annual accounts 202387,9 k €↑
2022
Annual accounts 202239,9 k €↑
2021
Annual accounts 2021-18,8 k €↓
2020
Annual accounts 20201,3 k €↓
2019
Annual accounts 20194,7 k €↓
2018
Annual accounts 201810,7 k €↓
2017
Annual accounts 201726,5 k €↑
2016
Annual accounts 201618,5 k €↓
2015
Annual accounts 201524 k €↑
2014
Annual accounts 201419,5 k €↑
2013
Annual accounts 201318,1 k €↓
2012
Annual accounts 201221,4 k €↓
2011
Annual accounts 201126,2 k €↑
2010
Annual accounts 201016,8 k €↓
2009
Annual accounts 200921,9 k €↑
2008
Annual accounts 200816,5 k €↑
2007
Annual accounts 200710,2 k €

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

APPROACH

Overview

What does APPROACH do?

Trend over 18 financial years

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