ACTIVE

DUCASSE DEVELOPPEMENT

Financial year 2025 · Closed on 31/12/2025

Net result2,3 M €+231,0 %over 1 year

Revenue422,4 k €+25,7 %over 1 year

Equity46,5 M €+5,1 %over 1 year

Identity

Source · BCE/KBO

DUCASSE DEVELOPPEMENT is a Public limited company incorporated in 2001. Its main activity is: Management consultancy activities. Its registered office is in Etterbeek.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0474.714.436
Incorporation: 27/04/2001
Legal form: Public limited company
Registered office: Boulevard Saint-Michel 77-79 box 4
1040 Etterbeek · BruxellesSee on map
Contributed capital: 49 803 509,00 €
Latest accounts: 31/12/2025

Activities (NACE)

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

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 39 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	422,4 k €	+25.7%	336 k €	+2.6%	327,5 k €	0.0%	327,5 k €	0.0%	327,5 k €
EBITDA	250,1 k €	-64.9%	712,5 k €	+17.1%	608,7 k €	-27.0%	833,7 k €	+41.9%	587,4 k €
Operating result	174,9 k €	-75.5%	712,5 k €	+17.1%	608,7 k €	-27.0%	833,7 k €	+41.9%	587,4 k €
Net result	2,3 M €	+231%	683,7 k €	+0.6%	679,3 k €	-78.3%	3,1 M €	+520%	504,1 k €
Balance sheet
Equity	46,5 M €	+5.1%	44,3 M €	+14.4%	38,7 M €	+1.8%	38 M €	+9.0%	34,9 M €
Total assets	72,7 M €	+30.7%	55,7 M €	+30.2%	42,7 M €	+1.0%	42,3 M €	+15.1%	36,7 M €
Cash	3 M €	+689%	381,9 k €	-27.9%	529,9 k €	+11.0%	477,6 k €	-90.9%	5,3 M €
Debts	24,1 M €	+126%	10,7 M €	+202%	3,5 M €	+45.3%	2,4 M €	+445%	447,6 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 92 ended

Active mandates

Director	Function	Mandate
Nasser Kazeminy	Director	since 30/09/2025
TREVISE PARTICIPATIONS SCA SCARepresented by Lionel YVANT	Director	30/01/2025 → 30/06/2026
Alain Ducasse	Director	25/06/2024 → 29/03/2030
Christophe Navarre	Director	25/06/2024 → 30/06/2026
Delphine REISS	Director	25/06/2024 → 30/06/2026
Véronique LARTIGUE	Director	25/06/2024 → 30/06/2026
Renaud DUTREIL	Director	29/05/2020 → 30/06/2026

Ended mandates

Director	Function	Mandate
TREVISE PARTICIPATIONS SCA SCARepresented by Lionel YVANT	Director	30/01/2025 → 30/06/2025
Agnès Le Saux-Narjoz	Director	25/06/2024 → 30/06/2025
Christophe Navarre	Director	25/06/2024 → 30/06/2025
Delphine REISS	Director	25/06/2024 → 30/06/2025

Other companies at this address

Boulevard Saint-Michel 77-79 1040 Etterbeek

Company	CBE no.
ExpertEase by VD&P● Active	0895.964.353
PATRICK VAN DAMME, AVOCAT● Active	0886.766.476
VAN LINT & ASSOCIES VAN LINT & VENNOTEN ASSOCIATION D'AVOCATS ADF● Active	0850.959.521

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Consolidated accounts
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	29/07/2026	11/07/2025	26/07/2024	25/07/2023	04/07/2022	21/02/2022
General meeting	30/06/2026	30/06/2025	25/06/2024	27/06/2023	28/06/2022	20/07/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 39 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	29/07/2026	French	PDF
Full model	31/12/2024	30/06/2025	11/07/2025	French	PDF
Consolidated accounts	31/12/2024	30/06/2025	30/07/2025	French	PDF
Full model	31/12/2023	25/06/2024	26/07/2024	French	PDF
Consolidated accounts	31/12/2023	25/06/2024	30/08/2024	French	PDF
Full model	31/12/2022	27/06/2023	25/07/2023	French	PDF
Consolidated accounts	31/12/2022	27/06/2023	28/07/2023	French	PDF
Full model	31/12/2021	28/06/2022	04/07/2022	French	PDF
Consolidated accountsCorrection	31/12/2021	28/06/2022	15/09/2022	French	PDF
Consolidated accounts	31/12/2021	28/06/2022	24/07/2022	French	PDF
Full model	31/12/2020	20/07/2021	26/08/2021	French	PDF
Consolidated accounts	31/12/2020	20/07/2021	21/02/2022	French	PDF
Full model	31/12/2019	31/07/2020	27/10/2020	French	PDF
Consolidated accounts	31/12/2019	31/07/2020	21/10/2020	French	PDF
Full model	31/12/2018	02/09/2019	26/09/2019	French	PDF
Consolidated accounts	31/12/2018	02/09/2019	24/10/2019	French	PDF
Full model	31/12/2017	31/07/2018	15/03/2019	French	PDF
Consolidated accounts	31/12/2017	31/07/2018	02/03/2020	French	PDF
Full model	31/12/2016	28/07/2017	30/08/2017	French	PDF
Consolidated accounts	31/12/2016	28/07/2017	31/08/2017	French	PDF
Full model	31/12/2015	28/07/2016	10/08/2016	French	PDF
Consolidated accounts	31/12/2015	28/07/2016	30/12/2016	French	PDF
Full model	31/12/2014	30/06/2015	08/07/2015	French	PDF
Consolidated accounts	31/12/2014	30/06/2015	30/09/2015	French	PDF
Full model	31/12/2013	31/07/2014	26/08/2014	French	PDF
Consolidated accounts	31/12/2013	31/07/2014	26/08/2014	French	PDF
Full model	31/12/2012	08/10/2013	11/10/2013	French	PDF
Consolidated accounts	31/12/2012	08/10/2013	30/10/2013	French	PDF
Full model	31/12/2011	30/11/2012	30/11/2012	French	PDF
Consolidated accounts	31/12/2011	30/11/2012	30/11/2012	French	PDF
Full model	31/12/2010	27/09/2011	27/09/2011	French	PDF
Consolidated accounts	31/12/2010	27/09/2011	24/10/2011	French	PDF
Full model	31/12/2009	29/07/2010	16/08/2010	French	PDF
Consolidated accounts	31/12/2009	29/07/2010	31/08/2010	French	PDF
Full model	31/12/2008	30/09/2009	30/09/2009	French	PDF
Consolidated accounts	31/12/2008	30/09/2009	08/10/2009	French	PDF
Abridged model	31/12/2007	09/09/2008	17/09/2008	French	PDF
Abridged modelCorrection	31/12/2006	09/09/2008	11/09/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	31/07/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 92 ended

Active mandates

Director	Function	Mandate
Nasser Kazeminy	Director	since 30/09/2025
TREVISE PARTICIPATIONS SCA SCARepresented by Lionel YVANT	Director	30/01/2025 → 30/06/2026
Alain Ducasse	Director	25/06/2024 → 29/03/2030
Christophe Navarre	Director	25/06/2024 → 30/06/2026
Delphine REISS	Director	25/06/2024 → 30/06/2026
Véronique LARTIGUE	Director	25/06/2024 → 30/06/2026
Renaud DUTREIL	Director	29/05/2020 → 30/06/2026

Ended mandates

Director	Function	Mandate
TREVISE PARTICIPATIONS SCA SCARepresented by Lionel YVANT	Director	30/01/2025 → 30/06/2025
Agnès Le Saux-Narjoz	Director	25/06/2024 → 30/06/2025
Christophe Navarre	Director	25/06/2024 → 30/06/2025
Delphine REISS	Director	25/06/2024 → 30/06/2025

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates17/09/2026
Identité du représentant du commissaire - Renouvellement et confirmation
PDF
Mandates16/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates14/08/2025
DEMISSIONS, NOMINATIONS
PDF
Other15/07/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office07/07/2025
SIEGE SOCIAL
PDF
Mandates13/05/2025
DEMISSIONS, NOMINATIONS
PDF
Capital / shares06/09/2024
CAPITAL, ACTIONS
PDF
Mandates17/07/2024
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 20252,3 M €↑
30/09/2025
nominationNasser Kazeminy · administrateur
30/09/2025
nominationAlain Ducasse · Président du conseil d'administration
30/06/2025
reconductionVéronique LARTIGUE · administrateur
30/06/2025
reconductionChristophe NAVARRE · administrateur
30/06/2025
reconductionDelphine REISS · administrateur
30/06/2025
reconductionAgnès LE SAUX-NARJOZ · administrateur
30/06/2025
reconductionEdouard GUERRAND · administrateur
30/06/2025
reconductionRSM INTERAUDIT SC SRL · commissaire aux comptes
28/05/2025
reconductionIsmaël EMELIEN · administrateur
28/05/2025
reconductionRenaud DUTREIL · administrateur
30/01/2025
nominationTREVISE PARTICIPATIONS SCA · administrateur
2024
Annual accounts 2024683,7 k €↑
25/06/2024
nominationDelphine REISS (née PASTOR) · administrateur
25/06/2024
reconductionAlain DUCASSE · administrateur
25/06/2024
reconductionVéronique LARTIGUE · administrateur
25/06/2024
reconductionChristophe NAVARRE · administrateur
25/06/2024
reconductionAgnès LE SAUX-NARJOZ (née NARJOZ) · administrateur
25/06/2024
reconductionEdouard GUERRAND · administrateur
10/06/2024
augmentation_capital
12/04/2024
nominationMathieu NOËL · Commissaire
2023
Annual accounts 2023679,3 k €↓
27/06/2023
reconductionVéronique LARTIGUE · administrateur
27/06/2023
reconductionAgnès NARJOZ · administrateur
27/06/2023
reconductionChristophe NAVARRE · administrateur
27/06/2023
reconductionEdouard GUERRAND · administrateur
18/04/2023
nominationDaniel Derichebourg · représentant permanent de l'administrateur Elior Participations SCA
2022
Annual accounts 20223,1 M €↑
28/06/2022
reconductionVéronique LARTIGUE · administrateur
28/06/2022
reconductionAgnès LE SAUX-NARJOZ · administrateur
28/06/2022
reconductionChristophe NAVARRE · administrateur
28/06/2022
reconductionEdouard GUERRAND · administrateur
28/06/2022
reconductionELIOR PARTICIPATIONS SCA · administrateur
28/06/2022
reconductionRSM INTERAUDIT SC SRL · commissaire aux comptes statutaires
2021
Annual accounts 2021504,1 k €↑
2020
Annual accounts 2020-5,6 M €↓
2019
Annual accounts 20191,5 M €↑
2018
Annual accounts 2018437,4 k €↑
2017
Annual accounts 2017-4,8 M €↓
2016
Annual accounts 2016615,4 k €↑
2015
Annual accounts 2015-3,1 M €↓
2014
Annual accounts 20141,2 M €↑
2013
Annual accounts 2013-5,5 M €↓
2012
Annual accounts 2012-316,8 k €↓
2011
Annual accounts 20119,9 M €↑
2010
Annual accounts 2010-431,2 k €↑
2010
Name changeDUCASSE DEVELOPPEMENT
2009
Annual accounts 2009-998,6 k €↑
2008
Annual accounts 2008-2,2 M €↓
2007
Annual accounts 2007-592,1 k €↓
2006
Annual accounts 2006-198,4 k €
27/04/2001
IncorporationPublic limited company

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Boulevard Saint-Michel 77-79 bte 4, 1040 EtterbeekCurrent	accounts 2024 → 2025 · CBE, tracked since 27/09/2026	Accounts 2025 · 2026-00346101
Avenue Louise 287 bte 8, 1050 Ixelles	accounts 2021 → 2023	Accounts 2023 · 2024-00290511

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
DUCASSE DEVELOPPEMENTCurrent	accounts 2010 → 2025 · CBE, tracked since 27/09/2026	Accounts 2025 · 2026-00346101
DE GUSTIBUS	accounts 2006 → 2009	Accounts 2009 · 2010-42000072

Annual accounts date a value by the financial year it appears in. The CBE dates a change to the day, but its history has only been kept since 27/09/2026.

DUCASSE DEVELOPPEMENT

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names