ACTIVE

E - CHARLES

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Financial year 2025 · closed on 31/12/2025

Net result

4,1 k €

-78.2% YoY

Gross margin

59,5 k €

-34.2% YoY

Equity

514,1 k €

+0.5% YoY

What does E - CHARLES do?

E - CHARLES is a Public limited company incorporated in 2002. Its main activity is: Management consultancy activities. Its registered office is in Dour.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.428.645

Incorporation

27/09/2002

Legal form

Public limited company

Registered office

Rue des Chênes 97
7370 Dour · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	59,5 k €	-34.2%	90,4 k €	-62.5%	241,4 k €	+28.0%	188,6 k €	+214%	60 k €	-56.4%	137,6 k €	-17.6%	167 k €	+20.9%	138,2 k €	+40.2%	98,6 k €	-22.9%	127,8 k €	+937%	-15,3 k €	-110%	152,7 k €	+141%	63,4 k €	+43.3%	44,3 k €	-19.5%	55 k €	+20.8%	45,5 k €	-8.7%	49,9 k €	+20.1%	41,5 k €
EBITDA	52,2 k €	-37.0%	82,8 k €	-64.7%	234,3 k €	+29.1%	181,4 k €	+250%	51,8 k €	-58.2%	123,7 k €	-21.5%	157,7 k €	+23.6%	127,5 k €	+37.7%	92,6 k €	-25.8%	124,8 k €	+342%	-51,5 k €	-143%	120,2 k €	+94.8%	61,7 k €	+45.2%	42,5 k €	-14.7%	49,8 k €	+14.9%	43,4 k €	-8.9%	47,6 k €	+35.1%	35,2 k €
Operating result	2,3 k €	-93.4%	34,4 k €	-80.1%	173,4 k €	+44.2%	120,2 k €	+1283%	-10,2 k €	-117%	60,2 k €	-35.4%	93,3 k €	+40.1%	66,6 k €	+129%	29,1 k €	-69.6%	95,6 k €	+227%	-75,2 k €	-178%	96,5 k €	+186%	33,7 k €	+92.6%	17,5 k €	-22.0%	22,4 k €	+308%	5,5 k €	-42.6%	9,6 k €	+871%	-1,2 k €
Net result	4,1 k €	-78.2%	18,6 k €	-81.9%	102,7 k €	+32.8%	77,3 k €	+495%	-19,6 k €	-156%	35,2 k €	-41.8%	60,5 k €	+76.3%	34,3 k €	+657%	4,5 k €	-94.5%	82,7 k €	+204%	-79,8 k €	-226%	63 k €	+188%	21,9 k €	+174%	8 k €	+50.1%	5,3 k €	+502%	-1,3 k €	-134%	-567 €	+93.0%	-8,1 k €
Balance sheet
Equity	514,1 k €	+0.5%	511,4 k €	+3.5%	494,1 k €	+1.7%	485,9 k €	+18.5%	409,9 k €	-4.9%	430,8 k €	+8.5%	397 k €	+17.5%	337,8 k €	+10.8%	304,8 k €	+9.5%	278,4 k €	+42.3%	195,7 k €	-29.0%	275,4 k €	+29.7%	212,4 k €	+11.5%	190,5 k €	+4.4%	182,5 k €	+3.0%	177,1 k €	-0.7%	178,5 k €	-0.3%	179 k €
Total assets	763,7 k €	-12.1%	869 k €	-1.2%	879,3 k €	+12.2%	783,7 k €	-7.2%	844,7 k €	-7.2%	910 k €	-3.1%	939 k €	-2.2%	959,6 k €	-2.4%	983,7 k €	+1.8%	966 k €	+3.0%	937,4 k €	-7.5%	1 M €	+8.1%	938 k €	+7.9%	869,2 k €	-6.0%	924,8 k €	-1.6%	940,2 k €	-2.0%	959,1 k €	-1.3%	972,2 k €
Cash	14 k €	-93.0%	201,1 k €	-11.0%	225,9 k €	+254%	63,7 k €	-1.1%	64,4 k €	+28.6%	50,1 k €	+100%	25,1 k €	+72.7%	14,5 k €	+110%	6,9 k €		–		36,1 k €	-36.4%	56,8 k €	+7884%	711 €	-89.9%	7,1 k €	-61.7%	18,5 k €	+159%	7,1 k €	+493%	1,2 k €	-41.2%	2 k €
Debts	243,8 k €	-30.2%	349,2 k €	-7.2%	376,2 k €	+30.6%	288,1 k €	-32.1%	424,4 k €	-9.7%	470 k €	-11.7%	532,1 k €	-12.9%	611,1 k €	-7.4%	659,6 k €	-4.1%	687,5 k €	-7.3%	741,6 k €	+0.4%	738,3 k €	+1.8%	725,4 k €	+6.9%	678,4 k €	-8.6%	742 k €	-2.7%	762,7 k €	-2.2%	780,2 k €	-1.6%	792,7 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 2 ended

Active mandates

EDMOND CHARLES

Director · since 26 décembre 2023

Active

ELEONORE CHARLES

Director · since 26 décembre 2023

Active

ERIC CHARLES

Managing director

Active

INGRID BAYART

Chairman of the board of directors

Active

Ended mandates

EDMOND CHARLES

Director

Ended

ELEONORE CHARLES

Director

Ended

At this address

Other companies at this address

Company	CBE no.
BAYART HENSIES● Active	0802.793.378
DATALAYER● Active	1003.912.287

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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/07/2026	29/08/2025	30/08/2024	29/08/2023	25/08/2022	29/09/2021
General meeting	30/06/2026	30/06/2025	13/01/2024	30/06/2023	30/06/2022	30/06/2021
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	31/12/2025	30/06/2026	28/07/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	29/08/2025	French	PDF
Abridged model	31/12/2023	13/01/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	29/08/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	25/08/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	29/09/2021	French	PDF
Abridged model	31/12/2019	25/05/2020	22/07/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	02/07/2019	French	PDF
Abridged model	31/12/2017	22/06/2018	20/07/2018	French	PDF
Abridged model	31/12/2016	07/04/2017	24/05/2017	French	PDF
Abridged model	31/12/2015	25/03/2016	13/06/2016	French	PDF
Abridged model	31/12/2014	19/06/2015	07/07/2015	French	PDF
Abridged model	31/12/2013	09/05/2014	06/06/2014	French	PDF
Abridged model	31/12/2012	17/05/2013	12/06/2013	French	PDF
Abridged model	31/12/2011	26/03/2012	26/04/2012	French	PDF
Abridged model	31/12/2010	20/05/2011	26/05/2011	French	PDF
Abridged model	31/12/2009	14/05/2010	09/06/2010	French	PDF
Abridged model	31/12/2008	26/06/2009	10/07/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	12/06/2008	French	PDF
Abridged model	31/12/2006	15/06/2007	12/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 4 active · 2 ended

Active mandates

EDMOND CHARLES

Director · since 26 décembre 2023

Active

ELEONORE CHARLES

Director · since 26 décembre 2023

Active

ERIC CHARLES

Managing director

Active

INGRID BAYART

Chairman of the board of directors

Active

Ended mandates

EDMOND CHARLES

Director

Ended

ELEONORE CHARLES

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates31/12/2019
DEMISSIONS, NOMINATIONS
PDF
Restructuring10/11/2017
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring07/07/2017
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates27/12/2013
DEMISSIONS, NOMINATIONS
PDF
Other17/01/2012
DIVERS
PDF
Registered office24/05/2006
SIEGE SOCIAL - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other04/10/2002
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 20254,1 k €↓
2024
Annual accounts 202418,6 k €↓
2023
Annual accounts 2023102,7 k €↑
2022
Annual accounts 202277,3 k €↑
2021
Annual accounts 2021-19,6 k €↓
2020
Annual accounts 202035,2 k €↓
2019
Annual accounts 201960,5 k €↑
2018
Annual accounts 201834,3 k €↑
2017
Annual accounts 20174,5 k €↓
2016
Annual accounts 201682,7 k €↑
2015
Annual accounts 2015-79,8 k €↓
2014
Annual accounts 201463 k €↑
2013
Annual accounts 201321,9 k €↑
2012
Annual accounts 20128 k €↑
2011
Annual accounts 20115,3 k €↑
2010
Annual accounts 2010-1,3 k €↓
2009
Annual accounts 2009-567 €↑
2008
Annual accounts 2008-8,1 k €
27/09/2002
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

E - CHARLES

Overview

What does E - CHARLES do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

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