ACTIVE

S2C

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Financial year 2025 · closed on 31/12/2025

Net result

-6,9 k €

-12820.1% YoY

Gross margin

-6,1 k €

-841.4% YoY

Equity

9,5 k €

-42.3% YoY

What does S2C do?

S2C is a Private company with limited liability incorporated in 2003. Its main activity is: Management consultancy activities. Its registered office is in Namur.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.643.422

Incorporation

25/02/2003

Legal form

Private company with limited liability

Registered office

Chaussée de Marche(WD) 941
5100 Namur · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 46180Agents specialised in the sale of other particular products 46180Agents specialised in the sale of other particular products 47400Retail sale of information and communication equipment in specialised stores+9

Joint committees (1)

Signals

Good liquidity

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-6,1 k €	-841%	-645,1 €	-142%	1,5 k €	+106%	-27,8 k €	+3.9%	-28,9 k €	-169%	41,6 k €	+108%	20 k €	-13.7%	23,2 k €	-30.8%	33,5 k €	+61.3%	20,8 k €	-10.5%	23,2 k €	-61.2%	59,9 k €	+9.8%	54,5 k €	+70.1%	32,1 k €	+1320%	2,3 k €	-76.1%	9,4 k €	+139%	-24,4 k €	-187%	28,2 k €	+7.7%	26,1 k €	-10.9%	29,4 k €
EBITDA	-6,1 k €	-231%	-1,8 k €	-288%	978,3 €	+103%	-28,2 k €	+4.8%	-29,6 k €	-213%	26,3 k €	+269%	7,1 k €	-49.8%	14,2 k €	-31.8%	20,9 k €	+138%	8,8 k €	+12.0%	7,8 k €	-82.3%	44,3 k €	-15.8%	52,6 k €	+73.8%	30,2 k €	+3018%	970 €	-88.6%	8,5 k €	+133%	-25,6 k €	-194%	27,2 k €	+7.7%	25,3 k €	-9.5%	28 k €
Operating result	-6,1 k €	-231%	-1,8 k €	-288%	978,3 €	+103%	-28,2 k €	+4.8%	-29,6 k €	-213%	26,3 k €	+530%	4,2 k €	-65.8%	12,2 k €	-29.4%	17,3 k €	+188%	6 k €	+368%	1,3 k €	-96.6%	38,2 k €	-17.4%	46,2 k €	+93.0%	24 k €	+689%	-4,1 k €	-359%	1,6 k €	+105%	-32,2 k €	-258%	20,4 k €	+9.3%	18,6 k €	-10.9%	20,9 k €
Net result	-6,9 k €	-12820%	54,6 €	+104%	-1,3 k €	+95.7%	-29,9 k €	-6.8%	-28 k €	-242%	19,7 k €	+3022%	631,8 €	-94.7%	11,9 k €	-16.6%	14,2 k €	+49.6%	9,5 k €	+502%	-2,4 k €	-109%	27,1 k €	-14.8%	31,9 k €	+36.7%	23,3 k €	+663%	-4,1 k €	-266%	2,5 k €	+109%	-28,6 k €	-352%	11,4 k €	-25.6%	15,3 k €	-4.4%	16 k €
Balance sheet
Equity	9,5 k €	-42.3%	16,4 k €	+0.3%	16,4 k €	-7.3%	17,7 k €	-62.9%	47,5 k €	-37.0%	75,5 k €	+35.4%	55,8 k €	+1.1%	55,2 k €	-3.7%	57,3 k €	+33.0%	43,1 k €	-43.5%	76,2 k €	-3.0%	78,6 k €	+52.8%	51,4 k €	+163%	19,6 k €	+1.6%	19,3 k €	-17.7%	23,4 k €	+11.9%	20,9 k €	-82.2%	117,5 k €	+10.7%	106,2 k €	+16.8%	90,9 k €
Total assets	36,4 k €	-12.7%	41,7 k €	-17.3%	50,4 k €	-12.2%	57,5 k €	-27.2%	78,9 k €	-16.5%	94,5 k €	-19.0%	116,7 k €	+8.6%	107,5 k €	+31.9%	81,5 k €	-20.2%	102,1 k €	-4.9%	107,4 k €	-35.4%	166,2 k €	-3.2%	171,7 k €	+80.1%	95,4 k €	+28.5%	74,2 k €	+38.1%	53,7 k €	-58.3%	128,8 k €	-6.2%	137,2 k €	+16.5%	117,8 k €	+6.1%	111,1 k €
Cash	1,8 €	-31.9%	2,6 €	-95.2%	54 €	-27.0%	74 €	-92.8%	1 k €	-88.3%	8,8 k €	+364%	1,9 k €	-35.5%	2,9 k €	+28.6%	2,3 k €	-88.2%	19,3 k €	+172%	7,1 k €	-60.3%	17,9 k €	+700%	2,2 k €	-89.3%	21 k €	+223%	6,5 k €	+14.6%	5,7 k €	+46.0%	3,9 k €	+147%	1,6 k €	+307%	386 €	-88.8%	3,4 k €
Debts	26,9 k €	+6.6%	25,3 k €	-25.8%	34,1 k €	-14.4%	39,8 k €	+26.9%	31,4 k €	+65.6%	18,9 k €	-68.8%	60,7 k €	+19.8%	50,7 k €	+110%	24,2 k €	-59.1%	59 k €	+129%	25,8 k €	-67.9%	80,2 k €	-29.0%	112,8 k €	+61.3%	69,9 k €	+46.6%	47,7 k €	+81.5%	26,3 k €	-74.7%	103,8 k €	+615%	14,5 k €	+226%	4,4 k €	-69.7%	14,7 k €
Other
Workforce	–		–		–		–		–		1,0 ETP		–		–		–		–		0,5 ETP	0.0%	0,5 ETP	+400%	0,1 ETP		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Nathalie DUCENNE

Director

Active

Ended mandates

Samuel COLLIN

Manager · since 01 janvier 2013

Ended

Nathalie DUCENNE

Manager · since 31 décembre 2010

Ended

Samuel COLLIN

Manager · since 20 février 2003 · until 31 décembre 2010

Ended

Nathalie DUCENNE

Manager

Ended

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	09/07/2026	28/08/2025	30/08/2024	01/09/2023	31/08/2022	29/08/2021
General meeting	12/06/2026	13/06/2025	14/06/2024	09/06/2023	10/06/2022	11/06/2021
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	12/06/2026	09/07/2026	French	PDF
Abridged model	31/12/2024	13/06/2025	28/08/2025	French	PDF
Abridged model	31/12/2023	14/06/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	09/06/2023	01/09/2023	French	PDF
Abridged model	31/12/2021	10/06/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	11/06/2021	29/08/2021	French	PDF
Abridged model	31/12/2019	21/08/2020	09/11/2020	French	PDF
Abridged model	31/12/2018	08/06/2019	12/10/2019	French	PDF
Abridged model	31/12/2017	08/06/2018	31/10/2018	French	PDF
Abridged model	31/12/2016	09/06/2017	31/10/2017	French	PDF
Abridged model	31/12/2015	10/06/2016	23/06/2016	French	PDF
Abridged model	31/12/2014	12/06/2015	22/06/2015	French	PDF
Abridged model	31/12/2013	13/06/2014	19/06/2014	French	PDF
Abridged model	31/12/2012	14/06/2013	21/06/2013	French	PDF
Abridged model	31/12/2011	08/06/2012	21/06/2012	French	PDF
Abridged model	31/12/2010	10/06/2011	23/06/2011	French	PDF
Abridged model	31/12/2009	11/06/2010	29/06/2010	French	PDF
Abridged model	31/12/2008	12/06/2009	18/06/2009	French	PDF
Abridged model	31/12/2007	13/06/2008	16/06/2008	French	PDF
Abridged model	31/12/2006	08/06/2007	12/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 1 active · 5 ended

Active mandates

Nathalie DUCENNE

Director

Active

Ended mandates

Samuel COLLIN

Manager · since 01 janvier 2013

Ended

Nathalie DUCENNE

Manager · since 31 décembre 2010

Ended

Samuel COLLIN

Manager · since 20 février 2003 · until 31 décembre 2010

Ended

Nathalie DUCENNE

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/02/2017
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates20/03/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates02/03/2011
OBJET - DEMISSIONS, NOMINATIONS
PDF
Registered office10/03/2008
SIEGE SOCIAL
PDF
Registered office19/08/2004
SIEGE SOCIAL
PDF
Other05/03/2003
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 2025-6,9 k €↓
2024
Annual accounts 202454,6 €↑
2023
Annual accounts 2023-1,3 k €↑
2022
Annual accounts 2022-29,9 k €↓
2021
Annual accounts 2021-28 k €↓
2020
Annual accounts 202019,7 k €↑
2019
Annual accounts 2019631,8 €↓
2018
Annual accounts 201811,9 k €↓
2017
Annual accounts 201714,2 k €↑
2016
Annual accounts 20169,5 k €↑
2015
Annual accounts 2015-2,4 k €↓
2014
Annual accounts 201427,1 k €↓
2013
Annual accounts 201331,9 k €↑
2012
Annual accounts 201223,3 k €↑
2011
Annual accounts 2011-4,1 k €↓
2010
Annual accounts 20102,5 k €↑
2009
Annual accounts 2009-28,6 k €↓
2008
Annual accounts 200811,4 k €↓
2007
Annual accounts 200715,3 k €↓
2006
Annual accounts 200616 k €
25/02/2003
IncorporationPrivate company with limited liability

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

S2C

Overview

What does S2C do?

Trend over 20 financial years

Indicative valuation

Board of directors

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