ACTIVE

G.D.S. CONSULT

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Financial year 2025 · closed on 30/09/2025

Net result

11,6 M €

+584.3% YoY

Gross margin

-74,6 k €

-0.2% YoY

Equity

66,2 M €

+21.2% YoY

Workforce

1,0 ETP

-23.1% YoY

What does G.D.S. CONSULT do?

G.D.S. CONSULT is a Public limited company incorporated in 2001. Its main activity is: Management consultancy activities. Its registered office is in Woluwe-Saint-Pierre. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.912.196

Incorporation

30/05/2001

Legal form

Public limited company

Registered office

Rue de l'Eglise 145-147
1150 Woluwe-Saint-Pierre · BruxellesSee on map

Contributed capital

125 000,00 €

Latest accounts

30/09/2025

Average workforce

1,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 74300Translation and interpretation activities 74301Translation and interpretation activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowHealthy social debts

View the BCE/KBO Public Search record →

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	-74,6 k €	-0.2%	-74,4 k €	-235%	55,1 k €	-97.9%	2,6 M €	+279%	696,3 k €	+172%	255,8 k €	+1.0%	253,4 k €	+2.6%	246,9 k €	+68.5%	146,6 k €	-10.6%	163,9 k €	+64.7%	99,5 k €	-57.0%	231,6 k €	+5.4%	219,8 k €	+17.3%	187,3 k €	+14.4%	163,8 k €	+49.0%	109,9 k €	-45.8%	202,9 k €	-29.1%	286,2 k €	+19.6%	239,3 k €
EBITDA	-152,6 k €	-26.3%	-120,9 k €	-4230%	-2,8 k €	-100%	2,6 M €	+359%	561 k €	+341%	127,3 k €	-10.3%	141,9 k €	+21.4%	116,9 k €	+260%	32,5 k €	-40.0%	54,1 k €	+678%	-9,4 k €	-371%	3,5 k €	+101%	-484 k €	-133%	-207,5 k €	-441%	60,8 k €	+859%	6,3 k €	-94.2%	109,1 k €	-54.4%	239,5 k €	+19.4%	200,6 k €
Operating result	-161,3 k €	-25.6%	-128,4 k €	-3903%	-3,2 k €	-100%	2,6 M €	+430%	485,6 k €	+1176%	-45,1 k €	-6.3%	-42,5 k €	-283%	23,2 k €	+112%	-191,2 k €	-74.4%	-109,7 k €	+18.5%	-134,5 k €	-25.7%	-107 k €	+81.2%	-567,6 k €	-98.2%	-286,4 k €	-857%	-29,9 k €	+65.6%	-87,1 k €	-447%	25,1 k €	-86.8%	190,1 k €	+27.0%	149,7 k €
Net result	11,6 M €	+584%	1,7 M €	-28.2%	2,4 M €	-75.4%	9,6 M €	+170%	3,5 M €	+4279%	-84,7 k €	+83.3%	-506,6 k €	-112%	4,3 M €	+15.6%	3,7 M €	+2829%	-136,5 k €	-135%	388 k €	+731%	46,7 k €	+108%	-616 k €	-207%	576,8 k €	-31.5%	842,1 k €	-95.2%	17,6 M €	+911%	-2,2 M €	-12002%	-17,9 k €	-100%	5 M €
Balance sheet
Equity	66,2 M €	+21.2%	54,6 M €	+3.2%	52,9 M €	+4.7%	50,6 M €	+23.4%	41 M €	+9.5%	37,5 M €	-0.2%	37,5 M €	-1.3%	38,1 M €	+12.8%	33,7 M €	+12.4%	30 M €	-0.5%	30,2 M €	+1.3%	29,8 M €	-0.8%	30 M €	-2.0%	30,6 M €	+1.9%	30,1 M €	+2.9%	29,2 M €	+151%	11,6 M €	-15.7%	13,8 M €	-0.1%	13,8 M €
Total assets	106,7 M €	+19.6%	89,2 M €	+20.5%	74 M €	+6.9%	69,3 M €	+67.0%	41,5 M €	-16.1%	49,5 M €	+5.7%	46,8 M €	+9.7%	42,7 M €	+1.5%	42,1 M €	+1.5%	41,4 M €	+16.8%	35,5 M €	-12.8%	40,7 M €	+2.9%	39,5 M €	+5.1%	37,6 M €	-0.9%	38 M €	+10.8%	34,3 M €	+8.2%	31,7 M €	+58.3%	20 M €	-0.4%	20,1 M €
Cash	24,5 k €	-98.6%	1,8 M €	-58.3%	4,3 M €	+103%	2,1 M €	+45.5%	1,5 M €	-44.5%	2,6 M €	+27182%	9,6 k €	-30.5%	13,8 k €	+744%	1,6 k €	-57.6%	3,9 k €	-68.8%	12,4 k €	+154%	4,9 k €	+807%	537,7 €	-98.0%	27,2 k €	-65.8%	79,5 k €	-98.4%	4,9 M €	+117995%	4,2 k €	+1686%	232,5 €	-98.3%	13,4 k €
Debts	40,5 M €	+17.1%	34,6 M €	+63.8%	21,1 M €	+12.8%	18,7 M €	+3665%	497,2 k €	-95.9%	12 M €	+29.8%	9,2 M €	+103%	4,6 M €	-44.3%	8,2 M €	-27.8%	11,3 M €	+114%	5,3 M €	-51.3%	10,9 M €	+15.2%	9,4 M €	+37.9%	6,8 M €	-13.0%	7,9 M €	+59.6%	4,9 M €	-75.3%	20 M €	+223%	6,2 M €	-0.1%	6,2 M €
Other
Workforce	1,0 ETP	-23.1%	1,3 ETP	0.0%	1,3 ETP	-7.1%	1,4 ETP	-39.1%	2,3 ETP	0.0%	2,3 ETP	0.0%	2,3 ETP	0.0%	2,3 ETP		–		2,3 ETP	0.0%	2,3 ETP	0.0%	2,3 ETP	0.0%	2,3 ETP	0.0%	2,3 ETP	0.0%	2,3 ETP	0.0%	2,3 ETP	+64.3%	1,4 ETP	+27.3%	1,1 ETP	+22.2%	0,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2024 · 4 active · 29 ended

Active mandates

CLEARVOLT

Director · since 25 mars 2019 · until 30 septembre 2024 · 0823.884.544

Represented by Patricia Van den Bergh

Active

Tatiana Munche

Managing director · since 15 mars 2013 · until 30 septembre 2024

Active

VERVODEV

Director · since 15 mars 2013 · until 30 septembre 2024 · 0888.157.932

Represented by Tatiana Munchen

Active

WESPARC - WESPARK

Director · since 15 mars 2013 · until 30 septembre 2024 · 0431.743.238

Represented by Nicolas de Spoelberch

Active

Ended mandates

CLEARVOLT

Director · since 25 mars 2019 · until 30 septembre 2024 · 0823.884.544

Represented by Patricia Van den Bergh

Ended

CLEARVOLT

Director · since 25 mars 2019 · until 20 mars 2025 · 0823.884.544

Represented by Patricia Van den Bergh

Ended

Grégoire de Spoelberch

Director · since 15 mars 2013 · until 22 mars 2019

Ended

Grégoire de Spoelberch

Managing director · since 15 mars 2013 · until 22 mars 2019

Ended

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	11/04/2025	12/04/2024	05/05/2023	22/04/2022	16/04/2021
General meeting	20/03/2026	21/03/2025	15/03/2024	17/03/2023	18/03/2022	19/03/2021
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	30/09/2025	20/03/2026	30/04/2026	French	PDF
Abridged model	30/09/2024	21/03/2025	11/04/2025	French	PDF
Abridged model	30/09/2023	15/03/2024	12/04/2024	French	PDF
Abridged model	30/09/2022	17/03/2023	05/05/2023	French	PDF
Abridged model	30/09/2021	18/03/2022	22/04/2022	French	PDF
Abridged model	30/09/2020	19/03/2021	16/04/2021	French	PDF
Abridged model	30/09/2019	20/03/2020	30/04/2020	French	PDF
Abridged model	30/09/2018	15/03/2019	30/04/2019	French	PDF
Micro model	30/09/2017	16/03/2018	27/04/2018	French	PDF
Abridged model	30/09/2016	17/03/2017	05/05/2017	French	PDF
Abridged model	30/09/2015	18/03/2016	31/03/2016	French	PDF
Abridged model	30/09/2014	20/03/2015	26/03/2015	French	PDF
Abridged model	30/09/2013	21/03/2014	21/03/2014	French	PDF
Abridged model	30/09/2012	15/03/2013	17/05/2013	French	PDF
Abridged model	30/09/2011	16/03/2012	22/03/2012	French	PDF
Abridged model	30/09/2010	18/03/2011	23/03/2011	French	PDF
Abridged model	30/09/2009	19/03/2010	23/03/2010	French	PDF
Abridged model	30/09/2008	20/03/2009	23/03/2009	French	PDF
Abridged model	30/09/2007	28/11/2007	19/12/2007	French	PDF
Abridged model	30/09/2006	16/03/2007	22/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 30/09/2024 · 4 active · 29 ended

Active mandates

CLEARVOLT

Director · since 25 mars 2019 · until 30 septembre 2024 · 0823.884.544

Represented by Patricia Van den Bergh

Active

Tatiana Munche

Managing director · since 15 mars 2013 · until 30 septembre 2024

Active

VERVODEV

Director · since 15 mars 2013 · until 30 septembre 2024 · 0888.157.932

Represented by Tatiana Munchen

Active

WESPARC - WESPARK

Director · since 15 mars 2013 · until 30 septembre 2024 · 0431.743.238

Represented by Nicolas de Spoelberch

Active

Ended mandates

CLEARVOLT

Director · since 25 mars 2019 · until 30 septembre 2024 · 0823.884.544

Represented by Patricia Van den Bergh

Ended

CLEARVOLT

Director · since 25 mars 2019 · until 20 mars 2025 · 0823.884.544

Represented by Patricia Van den Bergh

Ended

Grégoire de Spoelberch

Director · since 15 mars 2013 · until 22 mars 2019

Ended

Grégoire de Spoelberch

Managing director · since 15 mars 2013 · until 22 mars 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/02/2026
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Restructuring30/09/2025
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring22/07/2025
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates24/04/2025
DEMISSIONS, NOMINATIONS
PDF
Capital / shares08/10/2019
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates04/04/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates27/03/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates16/05/2007
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
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 202511,6 M €↑
21/03/2025
reconductionVervodev — administrateur
21/03/2025
reconductionWesparc — administrateur
21/03/2025
reconductionGuillaume de Spoelberch — administrateur
21/03/2025
reconductionGrégoire de Spoelberch — administrateur
2024
Annual accounts 20241,7 M €↓
2023
Annual accounts 20232,4 M €↓
21/03/2023
reconductionVervodev — administrateur
21/03/2023
reconductionWesparc — administrateur
21/03/2023
reconductionGuillaume de Spoelberch — administrateur
21/03/2023
reconductionGrégoire de Spoelberch — administrateur
2022
Annual accounts 20229,6 M €↑
2021
Annual accounts 20213,5 M €↑
2020
Annual accounts 2020-84,7 k €↑
2019
Annual accounts 2019-506,6 k €↓
2018
Annual accounts 20184,3 M €↑
2017
Annual accounts 20173,7 M €↑
2016
Annual accounts 2016-136,5 k €↓
2015
Annual accounts 2015388 k €↑
2014
Annual accounts 201446,7 k €↑
2013
Annual accounts 2013-616 k €↓
2012
Annual accounts 2012576,8 k €↓
2011
Annual accounts 2011842,1 k €↓
2010
Annual accounts 201017,6 M €↑
2009
Annual accounts 2009-2,2 M €↓
22/06/2009
augmentation_capital
2008
Annual accounts 2008-17,9 k €↓
2007
Annual accounts 20075 M €
30/05/2001
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

G.D.S. CONSULT

Overview

What does G.D.S. CONSULT do?

Trend over 19 financial years

Indicative valuation

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