ACTIVE

PHILIPPE MALHERBE, AVOCAT

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Financial year 2025 · closed on 30/11/2025

Net result

51 k €

-76.4% YoY

Gross margin

102,6 k €

-75.5% YoY

Equity

1,7 M €

-2.8% YoY

Workforce

0,8 ETP

-38.5% YoY

What does PHILIPPE MALHERBE, AVOCAT do?

PHILIPPE MALHERBE, AVOCAT is a Private company with limited liability incorporated in 2000. Its main activity is: Legal activities. Its registered office is in Ixelles. It employs on average 0,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0471.663.785

Incorporation

10/04/2000

Legal form

Private company with limited liability

Registered office

Avenue Louise 251 box 19
1050 Ixelles · BruxellesSee on map

Contributed capital

37 500,00 €

Latest accounts

30/11/2025

Average workforce

0,8 ETP

Activities (NACE)

69101Legal activities· main 69101Legal activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	102,6 k €	-75.5%	418 k €	+94.0%	215,4 k €	-2.7%	221,5 k €	+215%	70,4 k €	-56.3%	161,1 k €	-41.3%	274,4 k €	-40.7%	462,6 k €	-55.2%	1 M €	+165%	389,6 k €	-34.1%	590,8 k €	-33.3%	885,5 k €	+7.2%	825,8 k €	+66.3%	496,7 k €	+9.9%	451,9 k €	+20.7%	374,4 k €	-46.0%	693,2 k €	+54.6%	448,4 k €	-0.9%	452,6 k €
EBITDA	95,2 k €	-71.0%	328,6 k €	+342%	74,3 k €	-31.8%	108,9 k €	+700%	-18,2 k €	-126%	70,5 k €	-61.3%	181,8 k €	-52.9%	386,3 k €	-60.0%	966,5 k €	+153%	382 k €	-34.8%	585,9 k €	-33.7%	883,9 k €	+7.2%	824,3 k €	+66.6%	494,9 k €	+10.0%	449,9 k €	+21.9%	369,2 k €	-46.4%	689 k €	+54.6%	445,7 k €	-1.3%	451,4 k €
Operating result	61 k €	-80.6%	314,2 k €	+209%	101,7 k €	+13.3%	89,7 k €	+261%	-55,7 k €	-259%	35,1 k €	-75.8%	144,6 k €	-58.6%	349 k €	-62.5%	929,9 k €	+168%	346,5 k €	-39.9%	576,4 k €	-34.7%	883,3 k €	+8.8%	811,6 k €	+68.3%	482,3 k €	+12.1%	430,1 k €	+23.9%	347,1 k €	-47.9%	665,7 k €	+53.0%	435,1 k €	-1.0%	439,6 k €
Net result	51 k €	-76.4%	215,8 k €	+135%	91,9 k €	+10.9%	82,8 k €	+266%	-50 k €	-154%	91,8 k €	-24.0%	120,7 k €	-36.2%	189,2 k €	-69.0%	609,5 k €	+263%	167,9 k €	-54.3%	367,3 k €	-38.3%	595,4 k €	+11.1%	536 k €	+70.8%	313,9 k €	+7.8%	291,1 k €	+27.9%	227,7 k €	-48.0%	438,2 k €	+47.2%	297,7 k €	+2.4%	290,8 k €
Balance sheet
Equity	1,7 M €	-2.8%	1,7 M €	+7.2%	1,6 M €	-12.4%	1,8 M €	+4.7%	1,8 M €	-2.8%	1,8 M €	-13.2%	2,1 M €	+6.1%	2 M €	+10.6%	1,8 M €	+52.0%	1,2 M €	-37.0%	1,9 M €	+25.1%	1,5 M €	+66.9%	890,4 k €	+165%	335,6 k €	+1442%	21,8 k €	-92.0%	270,6 k €	-71.3%	942,9 k €	+86.8%	504,7 k €	+64.4%	307 k €
Total assets	1,8 M €	-13.3%	2,1 M €	+4.4%	2 M €	-1.2%	2 M €	+5.1%	1,9 M €	-16.0%	2,3 M €	-0.5%	2,3 M €	+7.8%	2,2 M €	-10.3%	2,4 M €	+17.0%	2,1 M €	+6.9%	1,9 M €	+28.2%	1,5 M €	+48.5%	1 M €	+143%	415,2 k €	-29.2%	586,9 k €	+53.1%	383,3 k €	-65.2%	1,1 M €	+95.5%	563,9 k €	+73.4%	325,2 k €
Cash	582,5 k €	-14.0%	677,4 k €	-8.3%	738,7 k €	-0.2%	739,9 k €	-2.5%	758,7 k €	-57.9%	1,8 M €	+86.1%	969,1 k €	+22.1%	793,6 k €	-18.0%	967,7 k €	+4.2%	928,3 k €	+17.9%	787,4 k €	+70.7%	461,4 k €	-10.4%	515 k €	+138%	216,3 k €	-54.3%	473,4 k €	+99.1%	237,8 k €	-71.6%	837,7 k €	+93.9%	431,9 k €	+164%	163,7 k €
Debts	142,5 k €	-61.6%	371,4 k €	-6.7%	398,2 k €	+109%	190,9 k €	+8.0%	176,7 k €	-64.5%	497,6 k €	+114%	232,5 k €	+24.8%	186,3 k €	-70.1%	622,4 k €	-29.5%	883,1 k €	+1317%	62,3 k €	+357%	13,6 k €	-88.6%	119,2 k €	+49.8%	79,6 k €	-85.9%	565,1 k €	+402%	112,7 k €	-29.4%	159,6 k €	+169%	59,3 k €	+226%	18,2 k €
Other
Workforce	0,8 ETP	-38.5%	1,3 ETP	-23.5%	1,7 ETP	0.0%	1,7 ETP	+13.3%	1,5 ETP	-25.0%	2,0 ETP	+25.0%	1,6 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 30/11/2025 · 1 active · 2 ended

Active mandates

PHILIPPE MALHERBE

Director

Active

Ended mandates

Philippe Malherbe

Manager · since 11 avril 2000

Ended

Philippe MALHERBE

Manager

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/12/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/04/2026	15/05/2025	13/05/2024	23/05/2023	27/05/2022	17/03/2021
General meeting	28/04/2026	12/05/2025	13/05/2024	08/05/2023	27/05/2022	09/03/2021
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
Abridged model	30/11/2025	28/04/2026	28/04/2026	French	PDF
Abridged model	30/11/2024	12/05/2025	15/05/2025	French	PDF
Abridged model	30/11/2023	13/05/2024	13/05/2024	French	PDF
Abridged model	30/11/2022	08/05/2023	23/05/2023	French	PDF
Abridged model	30/11/2021	27/05/2022	27/05/2022	French	PDF
Abridged model	30/11/2020	09/03/2021	17/03/2021	French	PDF
Abridged model	30/11/2019	03/06/2020	03/06/2020	French	PDF
Micro model	30/11/2018	24/05/2019	24/05/2019	French	PDF
Micro model	30/11/2017	25/05/2018	25/05/2018	French	PDF
Abridged model	30/11/2016	19/12/2016	22/12/2016	French	PDF
Abridged model	30/11/2015	09/05/2016	25/05/2016	French	PDF
Abridged model	30/11/2014	27/05/2015	08/06/2015	French	PDF
Abridged model	30/11/2013	23/05/2014	06/06/2014	French	PDF
Abridged model	30/11/2012	21/05/2013	22/05/2013	French	PDF
Abridged model	30/11/2011	23/12/2011	20/01/2012	French	PDF
Abridged model	30/11/2010	30/05/2011	14/06/2011	French	PDF
Abridged model	30/11/2009	30/05/2010	02/06/2010	French	PDF
Abridged model	30/11/2008	31/05/2009	10/06/2009	French	PDF
Abridged model	30/11/2007	30/05/2008	09/06/2008	French	PDF
Abridged model	30/11/2006	29/05/2007	07/06/2007	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 30/11/2025 · 1 active · 2 ended

Active mandates

PHILIPPE MALHERBE

Director

Active

Ended mandates

Philippe Malherbe

Manager · since 11 avril 2000

Ended

Philippe MALHERBE

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other14/07/2026
—
PDF
Registered office06/02/2017
SIEGE SOCIAL
PDF
Mandates10/12/2013
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - 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 202551 k €↓
2024
Annual accounts 2024215,8 k €↑
2023
Annual accounts 202391,9 k €↑
2022
Annual accounts 202282,8 k €↑
2021
Annual accounts 2021-50 k €↓
2020
Annual accounts 202091,8 k €↓
2019
Annual accounts 2019120,7 k €↓
2018
Annual accounts 2018189,2 k €↓
2017
Annual accounts 2017609,5 k €↑
2016
Annual accounts 2016167,9 k €↓
2015
Annual accounts 2015367,3 k €↓
2014
Annual accounts 2014595,4 k €↑
2013
Annual accounts 2013536 k €↑
2012
Annual accounts 2012313,9 k €↑
2011
Annual accounts 2011291,1 k €↑
2010
Annual accounts 2010227,7 k €↓
2009
Annual accounts 2009438,2 k €↑
2008
Annual accounts 2008297,7 k €↑
2007
Annual accounts 2007290,8 k €
10/04/2000
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

PHILIPPE MALHERBE, AVOCAT

Overview

What does PHILIPPE MALHERBE, AVOCAT do?

Trend over 19 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