ACTIVE

EMES INTERNATIONAL RESEARCH NETWORK

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Financial year 2025 · Closed on 31/12/2025

Net result88,4 k €+265,0 %over 1 year
Revenue139,9 k €+1 057,8 %over 1 year
Equity388,4 k €+29,5 %over 1 year

Identity

Source · BCE/KBO

EMES INTERNATIONAL RESEARCH NETWORK is a Non-profit organization incorporated in 2002. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Liège.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0478.267.210
Incorporation
20/04/2002
Legal form
Non-profit organization
Registered office
Rue Louvrex 14 box 20
4000 Liège · WallonieSee on map
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 5 filings

Trend over 5 financial years

20252024202320222021
Income statement
Revenue139,9 k €12,1 k €122,1 k €15,9 k €252,7 k €
EBITDA90,2 k €-53,9 k €5,2 k €-13,5 k €61,8 k €
Operating result90,2 k €-53,9 k €5,2 k €-13,5 k €61,3 k €
Net result88,4 k €-53,6 k €2,2 k €-14,5 k €59,8 k €
Balance sheet
Equity388,4 k €300 k €353,6 k €351,3 k €365,8 k €
Total assets689,8 k €319,4 k €365,9 k €352,7 k €374,9 k €
Cash604,5 k €263,3 k €330,9 k €320,8 k €262,2 k €
Debts75,9 k €13,7 k €8,2 k €1,4 k €9,1 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

15 active · 9 ended

Active mandates

Anaïs Périlleux

Director

Active
Daniel Baturina

Director

Active
Francesca Petrella Tirone

Chairman of the board of directors

Active
Frédéric Dufays

Director

Active
Giulia Galera

Director

Active
Juliana Rodrigues

Director

Active
Kai Green

Director

Active
Kerryn Krige

Director

Active
Linda L Andersen

Director

Active
Lucas Olmedo

Director

Active
Malin Gawell

Director

Active
Nicole Göler von Ravensburg

Director

Active
Sergio Páramo Ortiz

Director

Active
Silvia Ferreira

Director

Active
Taco Brandsen

Director

Active

Ended mandates

Anna Ciepielewska-Kowalik

Director

Ended
Francesca Calo

Director

Ended
Francesca Petrella Tirone

Director

Ended
Jacques Defourny

Director

Ended

Other companies at this address

Rue Louvrex 14 4000 Liège
CompanyCBE no.
Association des Etudiants HEC - ULg, asbl● Active
0876.457.059
ASSOCIATION ROYALE DES DIPLOMES DE HEC- Ecole de gestion de l'Université de LIEGE- Alumni● Liquidation
0431.787.778
CAMPUS RECRUITMENT HEC LIEGE● Active
0451.347.532
ESTIEM Local Group Liège, Association sans but lucratif● Active
0671.997.588
Hautes Etudes Commerciales - Université de LIège Campus Recruitment● Active
0448.105.554
HEC Connect● Active
0414.654.511
HEC CONSULTING● Active
0475.271.294
HEC-Ecole de gestion de l'Université de Liège● Active
0870.785.925
HEC Liège Advisory● Active
0443.167.858
HEC Liège Business Game● Active
0791.867.220
USTART LIEGE● Active
0867.699.939

Full financial information

Source · NBB
20252024202320222021
Type of accountMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months12 months
Filing date14/07/202619/08/202510/06/202426/06/202312/10/2022
General meeting16/06/202616/06/202505/06/202416/06/202321/06/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 5 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202516/06/202614/07/2026FrenchPDF
Micro model31/12/202416/06/202519/08/2025DutchPDF
Micro model31/12/202305/06/202410/06/2024FrenchPDF
Micro model31/12/202216/06/202326/06/2023FrenchPDF
Micro model31/12/202121/06/202212/10/2022DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Board of directors

Source · NBB, accounts to 31/12/2025

15 active · 9 ended

Active mandates

Anaïs Périlleux

Director

Active
Daniel Baturina

Director

Active
Francesca Petrella Tirone

Chairman of the board of directors

Active
Frédéric Dufays

Director

Active
Giulia Galera

Director

Active
Juliana Rodrigues

Director

Active
Kai Green

Director

Active
Kerryn Krige

Director

Active
Linda L Andersen

Director

Active
Lucas Olmedo

Director

Active
Malin Gawell

Director

Active
Nicole Göler von Ravensburg

Director

Active
Sergio Páramo Ortiz

Director

Active
Silvia Ferreira

Director

Active
Taco Brandsen

Director

Active

Ended mandates

Anna Ciepielewska-Kowalik

Director

Ended
Francesca Calo

Director

Ended
Francesca Petrella Tirone

Director

Ended
Jacques Defourny

Director

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates11/07/2024
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates09/01/2017
    DENOMINATION - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates17/04/2009
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates23/12/2005
    DENOMINATION - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF

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 202588,4 k €↑
  2. 2024
    Annual accounts 2024-53,6 k €↓
  3. 2023
    Annual accounts 20232,2 k €↑
  4. 2022
    Annual accounts 2022-14,5 k €↓
  5. 2021
    Annual accounts 202159,8 k €
  6. 20/04/2002
    IncorporationNon-profit organization