ACTIVE

Groupe Consultatif Européen sur l’Information Financière - European Financial Reporting Advisory Group

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Financial year 2025 · Closed on 31/12/2025

Net result227,7 k €
Gross margin11,1 M €+14,7 %over 1 year
Equity5,1 M €+4,7 %over 1 year
Workforce78,5 ETP+9,5 %over 1 year

Identity

Source · BCE/KBO

Groupe Consultatif Européen sur l’Information Financière - European Financial Reporting Advisory Group is a International non-profit organization incorporated in 2002. Its main activity is: Management consultancy activities. Its registered office is in Bruxelles. It employs on average 78,5 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0478.422.212
Incorporation
03/10/2002
Legal form
International non-profit organization
Registered office
Square de Meeûs 35
1000 Bruxelles · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
78,5 ETP
Joint committees (2)
  • 200
  • 337
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 13 filings

Trend over 13 financial years

20252024202320222021
Income statement
Gross margin11,1 M €9,7 M €7,3 M €4,9 M €4,2 M €
EBITDA641,5 k €109,4 k €390,9 k €960 €-67,5 k €
Operating result213 k €-9,1 k €333,3 k €-32,5 k €-89,7 k €
Net result227,7 k €–331,6 k €-50,4 k €-101,8 k €
Balance sheet
Equity5,1 M €4,9 M €4,9 M €4,6 M €4,6 M €
Total assets9 M €8,5 M €7,9 M €7,7 M €6,4 M €
Cash4,3 M €5,7 M €6,3 M €6,3 M €5,5 M €
Debts2,9 M €2 M €1,3 M €1,4 M €1 M €
Other
Workforce78,5 ETP71,7 ETP41,1 ETP25,2 ETP21,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

15 active · 6 ended

Active mandates

DirectorMandates in this companyPeriod
Alexandre Affre
Director22/01/2026 → 21/01/2028
Camille Hesselby
Director22/01/2026 → 16/09/2026
Claes Norberg
Director01/11/2014 → 21/01/2028
Georg Lanfermann
Vice-chairman of the board of directors16/12/2021 → 21/01/2028
Harm van de Meerendonck
Director22/01/2026 → 21/01/2028
Helmut Maukner
Director22/01/2024 → 21/01/2028
Ines Scacchi
Director22/01/2026 → 21/01/2028
Jesus Lopez Zaballos
Director22/01/2026 → 21/01/2028
Marcus Vaessen
Director22/01/2026 → 21/01/2028
Mariana Gonçalves
Director22/01/2026 → 21/01/2028
Matis Joab
Director22/01/2026 → 21/01/2028
Michele Pizzo
Director22/01/2026 → 21/01/2028
Ophèle Robert
Director22/01/2026 → 21/01/2028
Santiago Duran Dominguez
Director22/01/2026 → 21/01/2028
Benoit Jaspar
Chairman of the board of directors01/07/2024 → 30/06/2026

Ended mandates

DirectorMandates in this companyPeriod
Hans Buysse
Chairman of the board of directors16/12/2021 → 30/06/2024Director16/12/2021 → 15/12/2023
Luca Cencioni
Director01/09/2020 → 31/08/2023

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ASARAYA● Active
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Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date24/04/202628/04/202526/08/202431/07/202301/08/202229/07/2021
General meeting26/03/202624/03/202518/03/202416/03/202315/03/202225/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 13 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/03/202624/04/2026FrenchPDF
Abridged model31/12/202424/03/202528/04/2025FrenchPDF
Abridged model31/12/202318/03/202426/08/2024FrenchPDF
Abridged model31/12/202216/03/202331/07/2023FrenchPDF
Abridged model31/12/202115/03/202201/08/2022FrenchPDF
Abridged model31/12/202025/03/202129/07/2021FrenchPDF
Abridged model31/12/201924/03/202031/08/2020FrenchPDF
Abridged model31/12/201825/04/201930/07/2019FrenchPDF
Abridged model31/12/201710/04/201831/07/2018FrenchPDF
Abridged model31/12/201612/04/201712/05/2017FrenchPDF
Abridged model31/12/201520/04/201630/08/2016FrenchPDF
Abridged model31/12/201408/06/201531/08/2015FrenchPDF
Abridged model31/12/201323/05/201431/07/2014FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 6 ended

Active mandates

DirectorMandates in this companyPeriod
Alexandre Affre
Director22/01/2026 → 21/01/2028
Camille Hesselby
Director22/01/2026 → 16/09/2026
Claes Norberg
Director01/11/2014 → 21/01/2028
Georg Lanfermann
Vice-chairman of the board of directors16/12/2021 → 21/01/2028
Harm van de Meerendonck
Director22/01/2026 → 21/01/2028
Helmut Maukner
Director22/01/2024 → 21/01/2028
Ines Scacchi
Director22/01/2026 → 21/01/2028
Jesus Lopez Zaballos
Director22/01/2026 → 21/01/2028
Marcus Vaessen
Director22/01/2026 → 21/01/2028
Mariana Gonçalves
Director22/01/2026 → 21/01/2028
Matis Joab
Director22/01/2026 → 21/01/2028
Michele Pizzo
Director22/01/2026 → 21/01/2028
Ophèle Robert
Director22/01/2026 → 21/01/2028
Santiago Duran Dominguez
Director22/01/2026 → 21/01/2028
Benoit Jaspar
Chairman of the board of directors01/07/2024 → 30/06/2026

Ended mandates

DirectorMandates in this companyPeriod
Hans Buysse
Chairman of the board of directors16/12/2021 → 30/06/2024Director16/12/2021 → 15/12/2023
Luca Cencioni
Director01/09/2020 → 31/08/2023

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates18/12/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/12/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/02/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates23/01/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other29/09/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates10/06/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/05/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates15/12/2021
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings13 filings
Mandates
Claes Norberg
Georg Lanfermann
Mariana Gonçalves
Alexandre Affre
Santiago Duran Dominguez
Jesus Lopez Zaballos
Michele Pizzo
Camille Hesselby
Ophèle Robert
Marcus Vaessen
Matis Joab
Helmut Maukner
and 9 more mandates
200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028
EUROPEAN FINANCIAL REPORT ADVISORY GROUPEuropean Financial Reporting Advisory Group
Square de Meeûs 35, 1000 Brussels
Director
Vice-chairman of the board of directors
Director
Director
Director
Director
Director
Director
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Square de Meeûs 35, 1000 BrusselsCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00091724

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
Groupe Consultatif Européen sur l’Information Financière - European Financial Reporting Advisory GroupCurrent
CBE
EUROPEAN FINANCIAL REPORT ADVISORY GROUP
accounts 2023 → 2025
Accounts 2025 · 2026-00091724
European Financial Reporting Advisory Group
accounts 2021 → 2022
Accounts 2022 · 2023-00291756

Events

  1. 2025
    Annual accounts 2025227,7 k €↓
  2. 2024
    Annual accounts 2024
  3. 2023
    Annual accounts 2023331,6 k €↑
  4. 2023
    Name changeEUROPEAN FINANCIAL REPORT ADVISORY GROUP
  5. 2022
    Annual accounts 2022-50,4 k €↑
  6. 2021
    Annual accounts 2021-101,8 k €↓
  7. 2020
    Annual accounts 2020192,9 k €↓
  8. 2019
    Annual accounts 2019281,3 k €↑
  9. 2018
    Annual accounts 2018106,2 k €↓
  10. 2017
    Annual accounts 2017592,1 k €↓
  11. 2016
    Annual accounts 2016665,2 k €↓
  12. 2015
    Annual accounts 2015731,3 k €↑
  13. 2014
    Annual accounts 2014616,1 k €↑
  14. 2013
    Annual accounts 2013-778,6 k €
  15. 03/10/2002
    IncorporationInternational non-profit organization