ACTIVE

EQUATION INTERNATIONAL

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
10,3 k €
-74.7% YoY
Gross margin
19,7 k €
-67.7% YoY
Equity
1,1 M €
+0.9% YoY

What does EQUATION INTERNATIONAL do?

EQUATION INTERNATIONAL is a Public limited company incorporated in 2002. Its main activity is: Activities of holding companies. Its registered office is in Watermael-Boitsfort.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0478.217.621
Incorporation
28/08/2002
Legal form
Public limited company
Registered office
Chaussée de La Hulpe 185
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies
Signals
ProfitableSolid equityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin19,7 k €60,9 k €90,6 k €58,5 k €50,9 k €78,6 k €32 k €26,1 k €34,2 k €57,4 k €123,9 k €114 k €100,3 k €66,2 k €32,2 k €20 k €-8,8 k €-21,9 k €119,4 k €113,8 k €
EBITDA17,6 k €58,7 k €88,7 k €54,4 k €47 k €77,7 k €31,2 k €25,3 k €33,4 k €56,5 k €122,9 k €113,1 k €99,3 k €65,3 k €31,3 k €19 k €-9,8 k €-22,8 k €118,5 k €112,7 k €
Operating result17,6 k €58,7 k €88,7 k €54,4 k €47 k €77,7 k €31,2 k €25,3 k €33,4 k €56,5 k €122,9 k €113,1 k €99,3 k €65,3 k €31,3 k €19 k €-10,1 k €-23,1 k €118,2 k €112,7 k €
Net result10,3 k €40,8 k €62,6 k €37,2 k €34,5 k €63,7 k €24,7 k €20,1 k €24,2 k €39,9 k €83,9 k €125,8 k €68,7 k €45,6 k €27 k €18,8 k €-10,2 k €-23,7 k €77,8 k €76,6 k €
Balance sheet
Equity1,1 M €1,1 M €1,1 M €1 M €969,8 k €936,3 k €881 k €856,3 k €836,2 k €811,9 k €772,1 k €688,2 k €562,4 k €493,7 k €448,1 k €421,1 k €402,3 k €412,5 k €436,2 k €358,4 k €
Total assets1,5 M €1,5 M €1,5 M €1,5 M €1,5 M €1,6 M €1,5 M €1,5 M €1,5 M €1,5 M €1,5 M €1,5 M €1,5 M €1,5 M €1,5 M €1,5 M €1,5 M €1,5 M €1,5 M €1,5 M €
Cash4,7 k €3,2 k €2,3 k €2,4 k €2,8 k €5,2 k €3,9 k €703,9 €3,8 k €3,7 k €14,6 k €5,7 k €5,9 k €4,4 k €1,8 k €176,2 €1,2 k €18,2 k €243,8 €4,4 k €
Debts415,9 k €433,1 k €460,8 k €523,2 k €571,7 k €615,2 k €634,1 k €638,7 k €663,6 k €698,7 k €742,7 k €813 k €938,7 k €1 M €1 M €1,1 M €1,1 M €1,1 M €1,1 M €1,1 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 12 ended

Active mandates

Bernard Coets

Director · since 19 juin 2020 · until 19 juin 2026

Active
Patrick Coets

Director · since 19 juin 2020 · until 19 juin 2026

Active

Ended mandates

BERNARD COETS

Managing director · since 19 juin 2020 · until 19 juin 2026

Ended
BERNARD COETS

Managing director · since 20 juin 2014 · until 20 juin 2020

Ended
MARC WEYMEERS

Managing director · since 20 juin 2014 · until 07 juin 2018

Ended
MARC WEYMEERS

Managing director · since 20 juin 2014 · until 20 juin 2020

Ended
At this address

Other companies at this address

CompanyCBE no.
ACMG● Active
0822.519.319
Ad Novum● Active
1027.703.320
AECE Accountancy● Active
0767.950.879
AIR● Active
0795.328.338
ALCHEMISER● Active
0770.999.055
Alfie's Dairy● Active
1036.590.993
ALL CLEANING SERVICES SUPNET● Active
0892.838.181
Alldays Foods● Bankrupt
0789.670.961
Altiplan° Architects● Active
0442.575.069
ALTIPLAN - BSOLUTIONS● Active
1014.516.466
ALTIPLAN – FI – BESP● Active
1000.763.747
ALTIPLAN-PIRON● Active
0804.419.614
ALTIPLAN - TRACTEBEL / AL-5016● Active
1015.398.572
ALTIPLYSON● Active
1025.194.780
APEX-Cmp● Active
0805.363.086
ARCHIBALD & C°● Active
0743.725.130
Atsumi & Sakai Brussels EU● Active
1008.796.139
AVE European Eye Clinics● Active
1015.420.447
Bamboo Breakfast● Active
0659.814.388
BANYAN STRATEGY CONSULTING● Active
0473.601.609
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date15/07/202620/06/202511/07/202410/07/202321/06/202230/07/2021
General meeting19/06/202620/06/202521/06/202416/06/202317/06/202218/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/06/202615/07/2026FrenchPDF
Micro model31/12/202420/06/202520/06/2025FrenchPDF
Micro model31/12/202321/06/202411/07/2024FrenchPDF
Micro model31/12/202216/06/202310/07/2023FrenchPDF
Micro model31/12/202117/06/202221/06/2022FrenchPDF
Micro model31/12/202018/06/202130/07/2021FrenchPDF
Micro model31/12/201919/06/202020/07/2020FrenchPDF
Micro model31/12/201821/06/201931/07/2019FrenchPDF
Micro model31/12/201715/06/201820/06/2018FrenchPDF
Micro model31/12/201616/06/201719/06/2017FrenchPDF
Abridged model31/12/201517/06/201613/07/2016FrenchPDF
Abridged model31/12/201419/06/201523/06/2015FrenchPDF
Abridged model31/12/201320/06/201424/06/2014FrenchPDF
Abridged model31/12/201221/06/201302/07/2013FrenchPDF
Abridged model31/12/201115/06/201226/06/2012FrenchPDF
Abridged model31/12/201017/06/201129/06/2011FrenchPDF
Abridged model31/12/200918/06/201030/06/2010FrenchPDF
Abridged model31/12/200819/06/200914/07/2009FrenchPDF
Abridged model31/12/200720/06/200804/07/2008FrenchPDF
Abridged model31/12/200615/06/200729/06/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 12 ended

Active mandates

Bernard Coets

Director · since 19 juin 2020 · until 19 juin 2026

Active
Patrick Coets

Director · since 19 juin 2020 · until 19 juin 2026

Active

Ended mandates

BERNARD COETS

Managing director · since 19 juin 2020 · until 19 juin 2026

Ended
BERNARD COETS

Managing director · since 20 juin 2014 · until 20 juin 2020

Ended
MARC WEYMEERS

Managing director · since 20 juin 2014 · until 07 juin 2018

Ended
MARC WEYMEERS

Managing director · since 20 juin 2014 · until 20 juin 2020

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Other18/09/2026
    renouvellement mandat
    PDF
  • Other27/03/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - OBJET - ASSEMBLEE GENERALE
    PDF
  • Mandates31/08/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office16/04/2020
    SIEGE SOCIAL
    PDF
  • Mandates26/06/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/07/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office04/02/2011
    SIEGE SOCIAL
    PDF
  • Mandates30/07/2008
    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

Timeline

  1. 2025
    Annual accounts 202510,3 k €↓
  2. 2024
    Annual accounts 202440,8 k €↓
  3. 2023
    Annual accounts 202362,6 k €↑
  4. 2022
    Annual accounts 202237,2 k €↑
  5. 2021
    Annual accounts 202134,5 k €↓
  6. 2021
    Name changeEQUATION INTERNATION ... (F)
  7. 2020
    Annual accounts 202063,7 k €↑
  8. 2019
    Annual accounts 201924,7 k €↑
  9. 2018
    Annual accounts 201820,1 k €↓
  10. 2017
    Annual accounts 201724,2 k €↓
  11. 2016
    Annual accounts 201639,9 k €↓
  12. 2015
    Annual accounts 201583,9 k €↓
  13. 2014
    Annual accounts 2014125,8 k €↑
  14. 2013
    Annual accounts 201368,7 k €↑
  15. 2012
    Annual accounts 201245,6 k €↑
  16. 2011
    Annual accounts 201127 k €↑
  17. 2010
    Annual accounts 201018,8 k €↑
  18. 2009
    Annual accounts 2009-10,2 k €↑
  19. 2008
    Annual accounts 2008-23,7 k €↓
  20. 2007
    Annual accounts 200777,8 k €↑
  21. 2006
    Annual accounts 200676,6 k €
  22. 2006
    Name changeEquation International
  23. 28/08/2002
    IncorporationPublic limited company