NORMAL SITUATION

CHALLENGE

Financial year 2024 · closed on 31/12/2024
Net result
1,1 k €
-94.7% YoY
Gross margin
5,3 k €
-88.8% YoY
Equity
104,1 k €
+1.1% YoY

Company — Normal situation.

What does CHALLENGE do?

CHALLENGE is a company registered in Belgium.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0477.626.911
Legal form
Cooperative partnership with limited liability with a social purpose
Contributed capital
100 750,00 €
Latest accounts
31/12/2024
Joint committees (1)
  • 218
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin5,3 k €47,3 k €27,7 k €38,9 k €19,7 k €20 k €37,4 k €50,7 k €33,6 k €29,1 k €326,7 k €335,4 k €385,1 k €303,9 k €310,7 k €303,1 k €182,6 k €119,2 k €122,9 k €
EBITDA2 k €21,9 k €7,2 k €11,5 k €1,4 k €2,6 k €15,3 k €9,1 k €-9,4 k €-34,6 k €11 k €-20,6 k €20 k €75,7 k €52,1 k €14,3 k €24,7 k €8 k €11 k €
Operating result2 k €21,9 k €7,2 k €10,8 k €-5,1 k €-3,9 k €8,7 k €931,5 €-14,1 k €-41,9 k €3,1 k €-31,3 k €8,7 k €68,3 k €41,8 k €2,6 k €9,8 k €-1 k €4 k €
Net result1,1 k €21,4 k €5,1 k €9,3 k €-6,5 k €-122,6 €1 k €-4,5 k €-16,6 k €-37 k €-929 €-25,7 k €-12,8 k €40,3 k €25,6 k €653 €9,5 k €-783,1 €421 €
Balance sheet
Equity104,1 k €103 k €81,5 k €76,5 k €67,7 k €75,2 k €76,4 k €76,5 k €83,7 k €112,3 k €155,3 k €162,7 k €175,9 k €169,9 k €118,8 k €89,9 k €78,3 k €48,1 k €36,7 k €
Total assets105,5 k €290 k €257,6 k €322,7 k €309,1 k €210,9 k €314,1 k €435,8 k €595,3 k €436,3 k €443,5 k €393,4 k €536 k €642,9 k €527,8 k €380,6 k €479 k €387,7 k €246,8 k €
Cash105,5 k €261,1 k €108,4 k €244,8 k €208,1 k €129,1 k €113,8 k €117,6 k €110 k €77,4 k €105,9 k €73,1 k €248,8 k €128 k €75,6 k €74,4 k €204,3 k €71,9 k €18,1 k €
Debts973,8 €187 k €176,1 k €246,3 k €241,5 k €135,7 k €237,7 k €359,3 k €511,6 k €323,7 k €258,9 k €229,1 k €360,1 k €466,4 k €399 k €286,5 k €289,3 k €314,6 k €191,3 k €
Other
Workforce0,8 ETP5,4 ETP5,6 ETP5,6 ETP4,4 ETP4,0 ETP4,9 ETP2,7 ETP2,3 ETP2,1 ETP
Governance

Board of directors

Seen on filing of 31/12/2024 · 6 active · 67 ended

Active mandates

FILSTRANS

Director · since 14 juin 2023 · until 31 mars 2025 · 0467.023.425

Represented by Daniel GHEZA

Active
Laurent BERBACH

Chairman of the board of directors · since 24 juin 2021 · until 31 mars 2025

Active
LEADERSHIP CONSULTING MANAGEMENT

Director · since 24 juin 2021 · until 31 mars 2025 · 0477.404.009

Represented by Marie LEDENT

Active
OFAC + ASSURANCES

Director · since 24 juin 2021 · until 31 mars 2025 · 0432.425.901

Represented by Philippe DENIS

Active
UCM de la Province de Namur

Director · since 24 juin 2021 · until 31 mars 2025 · 0410.334.051

Represented by Sébastien LEGRAIN

Active
Union des Classes Moyennes de la Province de Luxembourg

Director · since 24 juin 2021 · until 31 mars 2025 · 0410.162.124

Represented by Michel ETIENNE

Active

Ended mandates

FILSTRANS

Director · since 14 juin 2023 · until 15 juin 2027 · 0467.023.425

Represented by Daniel GHEZA

Ended
Laurent BERBACH

Chairman of the board of directors · since 24 juin 2021 · until 17 juin 2025

Ended
Laurent BERBACH

Director · since 24 juin 2021 · until 17 juin 2025

Ended
LEADERSHIP CONSULTING MANAGEMENT

Chairman of the board of directors · since 24 juin 2021 · until 17 juin 2025 · 0477.404.009

Represented by Philippe LEDENT

Ended
Annual accounts

Full financial information

202420232022202120202019
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/08/202530/08/202430/06/202329/06/202230/07/202105/08/2020
General meeting31/03/202509/07/202414/06/202322/06/202215/06/202130/06/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

22 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202431/03/202529/08/2025FrenchPDF
Micro model31/12/202309/07/202430/08/2024FrenchPDF
Micro model31/12/202214/06/202330/06/2023FrenchPDF
Micro model31/12/202122/06/202229/06/2022FrenchPDF
Micro model31/12/202015/06/202130/07/2021FrenchPDF
Micro model31/12/201930/06/202005/08/2020FrenchPDF
Micro model31/12/201818/06/201904/07/2019FrenchPDF
Micro model31/12/201719/06/201821/06/2018FrenchPDF
Micro model31/12/201620/06/201721/08/2017FrenchPDF
Abridged model31/12/201521/06/201614/07/2016FrenchPDF
Abridged model31/12/201416/06/201507/09/2015FrenchPDF
Abridged model31/12/201317/06/201410/07/2014FrenchPDF
Abridged model31/12/201231/07/201301/08/2013FrenchPDF
Abridged model31/12/201119/06/201210/07/2012FrenchPDF
Abridged model31/12/201021/06/201118/07/2011FrenchPDF
Abridged model31/12/200915/06/201018/06/2010FrenchPDF
Abridged model31/12/200816/06/200917/07/2009FrenchPDF
Abridged model31/12/200717/06/200827/06/2008FrenchPDF
Abridged model31/12/200619/06/200730/07/2007FrenchPDF
Abridged model31/12/200520/06/200627/07/2006FrenchPDF
Abridged model31/12/200430/06/200519/07/2005FrenchPDF
Abridged model31/12/200315/06/200404/11/2004FrenchPDF
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 31/12/2024 · 6 active · 67 ended

Active mandates

FILSTRANS

Director · since 14 juin 2023 · until 31 mars 2025 · 0467.023.425

Represented by Daniel GHEZA

Active
Laurent BERBACH

Chairman of the board of directors · since 24 juin 2021 · until 31 mars 2025

Active
LEADERSHIP CONSULTING MANAGEMENT

Director · since 24 juin 2021 · until 31 mars 2025 · 0477.404.009

Represented by Marie LEDENT

Active
OFAC + ASSURANCES

Director · since 24 juin 2021 · until 31 mars 2025 · 0432.425.901

Represented by Philippe DENIS

Active
UCM de la Province de Namur

Director · since 24 juin 2021 · until 31 mars 2025 · 0410.334.051

Represented by Sébastien LEGRAIN

Active
Union des Classes Moyennes de la Province de Luxembourg

Director · since 24 juin 2021 · until 31 mars 2025 · 0410.162.124

Represented by Michel ETIENNE

Active

Ended mandates

FILSTRANS

Director · since 14 juin 2023 · until 15 juin 2027 · 0467.023.425

Represented by Daniel GHEZA

Ended
Laurent BERBACH

Chairman of the board of directors · since 24 juin 2021 · until 17 juin 2025

Ended
Laurent BERBACH

Director · since 24 juin 2021 · until 17 juin 2025

Ended
LEADERSHIP CONSULTING MANAGEMENT

Chairman of the board of directors · since 24 juin 2021 · until 17 juin 2025 · 0477.404.009

Represented by Philippe LEDENT

Ended
Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

Timeline

  1. 2024
    Annual accounts 20241,1 k €
  2. 2023
    Annual accounts 202321,4 k €
  3. 2022
    Annual accounts 20225,1 k €
  4. 2021
    Annual accounts 20219,3 k €
  5. 2020
    Annual accounts 2020-6,5 k €
  6. 2019
    Annual accounts 2019-122,6 €
  7. 2018
    Annual accounts 20181 k €
  8. 2017
    Annual accounts 2017-4,5 k €
  9. 2016
    Annual accounts 2016-16,6 k €
  10. 2015
    Annual accounts 2015-37 k €
  11. 2014
    Annual accounts 2014-929 €
  12. 2013
    Annual accounts 2013-25,7 k €
  13. 2012
    Annual accounts 2012-12,8 k €
  14. 2011
    Annual accounts 201140,3 k €
  15. 2010
    Annual accounts 201025,6 k €
  16. 2009
    Annual accounts 2009653 €
  17. 2008
    Annual accounts 20089,5 k €
  18. 2007
    Annual accounts 2007-783,1 €
  19. 2006
    Annual accounts 2006421 €